York Space Systems reports Q3 loss, revenue miss and lower full-year guidance
York Space Systems reported third-quarter 2026 revenue of $84.2 million, down 7% year-over-year, and an adjusted EBITDA loss of $27.6 million. The company recorded a $749.7 million goodwill impairment and a net loss of $807.4 million, or $5.99 per share. It tightened full-year revenue guidance to $380M-$400M and highlighted a $14.9 billion identified contract pipeline.
Why it matters
The results give investors a lower full-year revenue range and a substantially larger reported loss, while the goodwill impairment increases the quarter’s loss. Management said its funded backlog and contract pipeline support future government-program opportunities, but those pipeline opportunities are not yet revenue.
Key facts
- 1Third-quarter revenue was $84.2 million, down 7% year-over-year, while adjusted EBITDA was a loss of $27.6 million. finance.yahoo.com
- 2The company reported a net loss of $807.4 million, or $5.99 per share, and an adjusted loss of $1.55 per share. finance.yahoo.com
- 3York Space Systems recorded a $749.7 million goodwill impairment charge in the quarter. investing.com
- 4Full-year revenue guidance was tightened to $380M-$400M. seekingalpha.com
- 5Funded backlog stood at $581 million and the identified contract pipeline at $14.9 billion at quarter-end. finance.yahoo.com
- 6The company secured 9 contract wins in 2026 and reported $17.3 million of additional business from new and expanded awards. finance.yahoo.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.