8-KCurrent report
Results of operations
✓ VerifiedSidus Space reported Q2 2026 revenue of $583,000, down 54% from $1.3 million, a net loss of $4.8 million, and a cash position of $166.5 million with no outstanding term debt.
Filed Aug 14, 2026 · 17:15 ET
Summary
- Sidus Space reported second quarter 2026 revenue of $583,000, a decrease of 54% compared to $1.3 million in Q2 2025, driven by the timing of fixed-price milestone contracts.
- Net loss was $4.8 million, an improvement of $844,000, or 15%, compared to Q2 2025, while Adjusted EBITDA loss widened to $5.1 million from a $3.9 million loss.
- Cash position was $166.5 million as of June 30, 2026, with no outstanding term debt, following a best-efforts registered direct offering closed May 29, 2026 of 19,685,039 shares at $5.08 per share for approximately $100 million gross proceeds.
- The Company completed vibration testing on its next LizzieSat spacecraft at Element U.S. Space & Defense's Orlando, Florida facility and integrated its proprietary Fortis VPX Maxima digital mission computing platform.
- Sidus announced inclusion in the Russell 2000, Russell 3000 and Russell Microcap Indexes effective after market close on June 26, 2026.
- Alan Khalili was appointed Chief Financial Officer effective July 27, 2026.
Key facts
- Q2 2026 revenue
- $583,000
From the filing for Q2 2026 revenue
“Revenue: $583,000, a decrease of 54% compared to $1.3 million in Q2 2025, driven by the timing of fixed-price milestone contracts”
- Net loss
- $4.8 million
From the filing for Net loss
“Net Loss: $4.8 million, an improvement of $844,000, or 15%, as compared to Q2 2025”
- Adjusted EBITDA
- Loss of $5.1 million
From the filing for Adjusted EBITDA
“Adjusted EBITDA (Non-GAAP): Loss of $5.1 million, as compared to a $3.9 million loss in Q2 2025”
- Cash position
- $166.5 million
From the filing for Cash position
“Cash Position: $166.5 million as of June 30, 2026, with no outstanding term debt”
- Registered direct offering
- 19,685,039 shares at $5.08 per share
From the filing for Registered direct offering
“Closed a best-efforts registered direct offering on May 29, 2026 of 19,685,039 shares of Class A common stock (or pre-funded warrants in lieu thereof) at $5.08 per share, generating gross proceeds of approximately $100 million”
- CFO appointment
- Alan Khalili effective July 27, 2026
From the filing for CFO appointment
“Appointed Alan Khalili as Chief Financial Officer effective July 27, 2026”
- Index inclusion
- Russell 2000, Russell 3000 and Russell Microcap Indexes
From the filing for Index inclusion
“expected inclusion in the Russell 2000, Russell 3000 and Russell Microcap Indexes in connection with the FTSE Russell annual reconstitution, effective after market close on June 26, 2026”
- SG&A
- $5.1 million
From the filing for SG&A
“Selling, General and Administrative Expenses (SG&A) Expenses: $5.1 million, a 19% increase compared to $4.3 million in Q2 2025”
Why it mattersThe $100 million raise lifted Sidus Space's cash to $166.5 million with no term debt, funding its transition from development to commercialization as it prepares its next LizzieSat spacecraft with the integrated Fortis VPX Maxima computing platform.
- Filed
- Aug 14, 2026
- Accepted
- 2026-08-14 21:15Z
- Period
- Aug 14, 2026
- Accession no.
- 0001493152-26-038505
- Size
- 343 KB
- Index
- Filing index