York Space Systems Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
YSS$7.01-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(Dollars in thousands, except shares and per share amounts)
| For the three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | $116,343 | $106,252 |
| Cost of revenues | 94,193 | 81,650 |
| Gross profit | 22,150 | 24,602 |
| Operating expenses | ||
| Selling, general and administrative expenses | 36,706 | 26,801 |
| Stock-based compensation expense | 84,696 | — |
| Research and development expenses | 5,289 | 4,401 |
| Transaction costs | 5,925 | 31 |
| Total operating expenses | 132,616 | 31,233 |
| Loss from operations | (110,466) | (6,631) |
| Other (expense) income | ||
| Interest expense | (2,899) | (7,059) |
| Interest income | 4,620 | 541 |
| Other (expense) income, net | (6,207) | 114 |
| Total other expense | (4,486) | (6,404) |
| Loss before provision for income taxes | (114,952) | (13,035) |
| Income tax benefit | 110 | 1,306 |
| Net loss | $(114,842) | $(11,729) |
| Foreign currency translation adjustment | (121) | 485 |
| Comprehensive loss | $(114,963) | $(11,244) |
| Net loss per common share | ||
| Net loss | $(114,842) | $(11,729) |
| Less: Accretion of Class P Units | 192 | — |
| Less: Deemed dividend on Conversion of the Class P Units upon IPO | 60,722 | — |
| Net loss available to common shareholders | $(175,756) | $(11,729) |
| Basic and diluted net loss per share | $(1.51) | $(0.12) |
| Weighted average common shares outstanding | ||
| Basic and diluted weighted common shares outstanding | 116,022,676 | 95,141,928 |
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