York Space Systems Q2 FY26 net loss widens 62% to $(39.34) million; revenue rises 10% to $92.55 million
Reuters2026/08/13 20:19- York Space Systems posted Q2 revenue up 10% to 92.55 million; GAAP net loss widened 62% to 39.34 million.
- GAAP gross profit more than doubled to 22.18 million; gross margin rose 13 percentage points to 24%.
- Backlog slipped 8% from March 31 to 592 million; potential on awarded contracts totaled 1.85 billion, with an identified pipeline above 11.5 billion.
- Year-to-date contract wins reached eight at an 88% win rate; the second T1TL launch added 21 satellites, taking the record to 42-for-42.
- 2026 revenue outlook cut to 375 million-405 million due to removal of new-business revenue tied to a shift in government acquisition methods.
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