Momentus Inc. MNTS
Momentus is a U.S. commercial space company that offers satellites, satellite buses, and other satellite components, transportation, communication, and infrastructure services, including hosted payloads and other in-orbit services. Government and commercial satellite operators and space technology companies and organizations are our principal customers and target customers. Momentus offers satellites and satellite buses and technology designed to meet the specific needs of government and commercial customers.
We were incorporated in the State of Delaware as Stable Road Acquisition Corp. on May 28, 2019. On August 12, 2021, Project Marvel First Merger Sub, Inc., a Delaware corporation and our wholly-owned merger sub ("First Merger Sub") merged with and into Momentus Inc., a Delaware corporation ("Legacy Momentus"), with Legacy Momentus as the surviving corporation, and immediately following which Legacy Momentus merged with and into Project Marvel Second Merger Sub, LLC, a Delaware limited liability company and our wholly-owned merger sub ("Second Merger Sub"), with Second Merger Sub as the surviving entity (the "Business Combination"). In connection with the closing of the Business Combination (the "Closing"), the Company changed its name from Stable Road Acquisition Corp. to Momentus Inc., and Legacy Momentus changed its name to Momentus Space, LLC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $2.1M | $3.1M | $299.0K | $330.0K | $365.0K | — |
| Cost of revenue | $2.0K | $66.0K | $855.0K | $26.0K | -$135.0K | $368.0K | — |
| Gross profit | $1.1M | $2.0M | $2.2M | $273.0K | $465.0K | -$3.0K | — |
| R&D | $9.2M | $9.8M | $34.4M | $41.7M | $51.3M | $22.7M | — |
| SG&A | $19.2M | $21.9M | $36.1M | $49.8M | $48.9M | $11.9M | — |
| Total operating expenses | $28.4M | $31.7M | $70.4M | $91.5M | $100.2M | $34.7M | — |
| Operating income | -$27.3M | -$29.7M | -$68.2M | -$91.3M | -$99.8M | -$34.7M | — |
| Interest expense | $677.0K | $395.0K | $2.3M | $5.3M | $14.2M | $470.0K | — |
| Pre-tax income | -$30.5M | -$34.9M | -$68.9M | -$95.4M | $120.7M | -$307.0M | — |
| Income tax | $0 | $0 | $0 | $0 | $2.0K | $1.0K | $47.6K |
| Net income | -$29.8M | -$34.9M | -$68.9M | -$95.4M | $120.7M | -$307.0M | — |
| EPS, basic | -49.10 | -414.01 | -323.96 | -58.53 | 1.85 | -4.90 | — |
| EPS, diluted | -49.10 | -414.01 | -323.96 | -58.53 | 1.70 | -4.90 | — |
| Shares, diluted (wtd. avg.) | 622,937 | 84,409 | 212,744 | 1.6M | 70.9M | 62.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $12.8M | $1.6M | $2.5M | $62.4M | $160.5M | $23.5M | $13.0M |
| Receivables | $0 | $879.0K | $0 | — | — | — | — |
| Total current assets | $22.3M | $4.5M | $10.7M | $76.3M | $169.7M | $27.6M | $1.4M |
| Property, plant and equipment | $953.0K | $2.2M | $3.3M | $4.0M | $4.8M | $2.3M | — |
| Other intangibles | $201.0K | $253.0K | $341.0K | $337.0K | $349.0K | $305.0K | — |
| Total assets | $40.3M | $10.0M | $20.6M | $92.4M | $185.8M | $36.3M | $174.2M |
| Accounts payable | $4.1M | $5.6M | $2.8M | $2.2M | $1.9M | $1.9M | — |
| Total current liabilities | $16.1M | $15.0M | $11.1M | $43.2M | $38.9M | $7.3M | $195.3K |
| Total liabilities | $23.2M | $17.8M | $17.5M | $53.8M | $53.9M | $325.8M | $15.0M |
| Retained earnings | -$438.6M | -$408.0M | -$373.0M | -$304.1M | -$208.7M | -$329.3M | $5.0M |
| Total equity | $17.1M | -$7.8M | $3.2M | $38.6M | $131.9M | -$289.5M | $14.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.3M | -$16.6M | -$61.8M | -$87.9M | -$86.7M | -$32.5M | — |
| Depreciation and amortisation | $1.2M | $800.0K | $800.0K | $1.0M | $1.0M | $600.0K | — |
| Stock-based compensation | $3.3M | $6.5M | $8.5M | $11.6M | $18.5M | $2.8M | — |
| Capital expenditure | $12.0K | $0 | $94.0K | $583.0K | $3.0M | $1.5M | — |
| Investing cash flow | -$12.0K | $94.0K | -$19.0K | -$733.0K | -$3.1M | -$1.6M | — |
| Financing cash flow | $34.6M | $15.6M | $1.9M | -$9.5M | $226.8M | $44.7M | — |
| Buybacks | — | $0 | $10.0M | $0 | $40.0M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014277.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $365.0K | $330.0K | $299.0K | $3.1M | $2.1M | $1.1M |
| Gross profit | — | -$3.0K | $465.0K | $273.0K | $2.2M | $2.0M | $1.1M |
| Net income | — | -$307.0M | $120.7M | -$95.4M | -$68.9M | -$34.9M | -$29.8M |
Recent filings and events
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement terminated Item 1.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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