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Sidus Space Q1 FY26 net loss narrows 19% to USD 5.21 million; revenue rises 51% to USD 359,372

PUBT·05/15/2026 20:05:16
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Sidus Space Q1 FY26 net loss narrows 19% to USD 5.21 million; revenue rises 51% to USD 359,372
  • Sidus Space posted a net loss of USD 5.21 million for quarter ended March 31, 2026, narrowing 19%.
  • Revenue rose 51% to USD 359,372, while gross loss narrowed 36% to USD 1.05 million.
  • Other income swung to USD 258,103 on elimination of asset-based loan expense following payoff in January 2026 and higher interest income from cash holdings.
  • Cash used in operating activities increased 76% to USD 5.65 million, while cash on hand fell to USD 27.35 million from USD 43.2 million at Dec. 31, 2025.
  • Business updates included an amended Lonestar Holdings lunar satellite manufacturing contract increasing total value to USD 120 million, a 10-year IDIQ award with Tobyhanna Army Depot, and Adarsh Parekh’s planned exit as CFO effective June 1 with John Burke named interim CFO.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sidus Space Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023709), on May 15, 2026, and is solely responsible for the information contained therein.