York Space Systems Inc. 8K

York Space Systems reported Q2 2026 results with higher revenue but a larger net loss, lowered its 2026 revenue guidance due to shifts in U.S. government procurement, and highlighted strong contract wins, acquisitions, and liquidity to support expected growth from 2027 onward.

York Space Systems Inc. reported its second quarter 2026 results, showing 10% year-over-year revenue growth to $92.5 million and a significantly improved gross margin, but a wider net loss of $39.3 million and negative Adjusted EBITDA, while also announcing eight contract wins at an 88% win rate, a $592 million backlog with $1.85 billion potential on awarded contracts and an $11.5 billion pipeline. Management highlighted a structural shift in U.S. government procurement toward IDIQ-based awards that is delaying near-term revenue recognition and led the company to lower full-year 2026 revenue guidance to $375–$405 million, even as these IDIQ and task order positions are expected to drive substantial growth in 2027 and beyond. During and shortly after the quarter, York completed acquisitions of ALL.SPACE and Solestial, expanded its national security customer base with multiple IDIQ awards and task orders including USSF’s NITE-STAR, completed its T1TL satellite delivery record with 42 satellites successfully on orbit, and increased liquidity to $684 million, supported by IPO proceeds and a strong cash position.

Filing Facts

CIK

2086587

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-056704

Alert Tier

7