MNTS · Momentus Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.21M | - | $234.0K | $191.0K | $322.0K | - | $107.0K | $1.21M | $513.0K | - |
| Cost of Revenue | $0 | - | $0 | $2.0K | - | - | $66.0K | $0 | - | - |
| Gross Profit | $1.82M | - | $234.0K | $189.0K | $322.0K | - | $41.0K | $1.21M | $513.0K | - |
| R&D | $4.17M | - | $2.33M | $2.19M | $1.92M | - | $2.21M | $2.85M | $2.68M | - |
| SG&A | $6.34M | - | $4.15M | $3.94M | $4.59M | - | $5.43M | $5.32M | $6.16M | - |
| Total Operating Expenses | $10.51M | - | $6.48M | $6.13M | $6.51M | - | $7.63M | $8.17M | $8.84M | - |
| D&A | $300.0K | - | $300.0K | $300.0K | $300.0K | - | $200.0K | $200.0K | $200.0K | - |
| Operating Income | ($8.69M) | - | ($6.25M) | ($5.94M) | ($6.18M) | - | ($7.59M) | ($6.96M) | ($8.33M) | - |
| Interest Expense | $586.0K | - | $177.0K | $91.0K | ($156.0K) | - | $43.0K | $0 | $57.0K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($9.48M) | - | ($11.07M) | ($6.45M) | ($6.17M) | - | ($7.76M) | ($7.02M) | ($8.31M) | - |
| EPS - Basic | ($2.15) | - | ($19.29) | ($21.96) | ($29.29) | - | ($112.50) | ($105.00) | ($165.00) | - |
| EPS - Diluted | ($2.15) | - | ($19.29) | ($21.96) | ($29.29) | - | ($112.50) | ($105.00) | ($165.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $23.48M | $12.81M | $670.0K | $132.0K | $3.40M | $1.57M | $798.0K | $897.0K | $1.67M | $2.12M |
| Accounts Receivable | $396.0K | $0 | $0 | $200.0K | $0 | $879.0K | - | $15.0K | $15.0K | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $3.74M | $4.08M | $5.35M | $6.74M | $6.31M | $5.60M | $5.68M | $3.61M | $2.83M | $2.81M |
| Current Assets | $29.26M | $22.28M | $7.05M | $4.26M | $6.84M | $4.53M | $5.39M | $6.16M | $9.32M | $10.73M |
| Total Assets | $45.86M | $40.32M | $19.60M | $9.19M | $11.73M | $9.95M | $14.11M | $15.01M | $18.74M | $20.65M |
| Current Liabilities | $11.60M | $16.07M | $17.32M | $18.97M | $16.97M | $15.01M | $14.03M | $11.50M | $9.61M | $11.11M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $18.70M | $23.18M | $20.30M | $19.16M | $17.70M | $17.76M | $19.51M | $16.80M | $15.25M | $17.46M |
| Stockholders' Equity | $27.16M | $17.14M | ($694.0K) | ($9.97M) | ($5.97M) | ($7.81M) | ($5.40M) | ($1.80M) | $3.48M | $3.19M |
| Retained Earnings | ($448.06M) | ($438.58M) | ($431.69M) | ($420.62M) | ($414.17M) | ($407.99M) | ($396.13M) | ($388.38M) | ($381.36M) | ($373.05M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.81M) | - | - | - | ($4.17M) | - | - | - | ($5.25M) | - |
| Investing Cash Flow | ($185.0K) | - | - | - | $0 | - | - | - | ($39.0K) | - |
| Financing Cash Flow | $16.73M | - | - | - | $6.00M | - | - | - | $4.85M | - |
| CapEx | $0 | - | - | - | - | - | - | - | $0 | - |
| Free Cash Flow | ($5.81M) | - | - | - | - | - | - | - | ($5.25M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 56.5% | - | 100.0% | 99.0% | 100.0% | - | 38.3% | 100.0% | 100.0% | - |
| Operating margin | -270.4% | - | -2669.2% | -3112.0% | -1920.8% | - | -7096.3% | -576.0% | -1623.2% | - |
| EBITDA margin | -261.0% | - | -2541.0% | -2955.0% | -1827.6% | - | -6909.3% | -559.5% | -1584.2% | - |
| Net margin | -294.9% | - | -4732.5% | -3377.0% | -1916.8% | - | -7250.5% | -580.3% | -1620.5% | - |
| Free cash flow margin | -180.8% | - | - | - | - | - | - | - | -1024.0% | - |
| FCF / Net income | 0.61 | - | - | - | - | - | - | - | 0.63 | - |
| R&D / Revenue | 129.7% | - | 994.9% | 1148.2% | 594.7% | - | 2060.7% | 235.7% | 521.6% | - |
| SG&A / Revenue | 197.2% | - | 1774.4% | 2062.8% | 1426.1% | - | 5073.8% | 440.3% | 1201.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -20.7% | - | -56.5% | -70.2% | -52.6% | - | -55.0% | -46.8% | -44.4% | - |
| Return on equity | -34.9% | - | 1595.7% | 64.7% | 103.3% | - | 143.6% | 390.6% | -238.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.52 | 1.39 | 0.41 | 0.22 | 0.40 | 0.30 | 0.38 | 0.54 | 0.97 | 0.97 |
| Quick ratio | 2.52 | 1.39 | 0.41 | 0.22 | 0.40 | 0.30 | 0.38 | 0.54 | 0.97 | 0.97 |
| Cash ratio | 2.02 | 0.80 | 0.04 | 0.01 | 0.20 | 0.10 | 0.06 | 0.08 | 0.17 | 0.19 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -14.8x | - | -35.3x | -65.3x | 39.6x | - | -176.6x | - | -146.1x | - |
| Equity multiplier | 1.69 | 2.35 | -28.24 | -0.92 | -1.96 | -1.27 | -2.61 | -8.36 | 5.38 | 6.48 |
| Liabilities / Assets | 0.41 | 0.57 | 1.04 | 2.08 | 1.51 | 1.78 | 1.38 | 1.12 | 0.81 | 0.85 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.01 | 0.02 | 0.03 | - | 0.01 | 0.08 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 45d | - | 0d | 382d | 0d | - | - | 5d | 11d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | 1229685d | - | - | 31396d | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.6x | - | - | - | - | - | - | - | 390.1x | - |
| P / S | 5.0x | - | 1035.2x | 596.1x | 417.2x | - | 17925.7x | 1839.5x | 2649.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 898.4% | - | 118.7% | -84.2% | -37.2% | - | -68.4% | -29.1% | - | - |
| Revenue CAGR (3y) | - | - | 22.0% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 464.3% | - | 470.7% | -84.4% | -37.2% | - | -81.4% | -8.2% | 2231.8% | - |
| Operating income growth (YoY) | -40.5% | - | 17.7% | 14.6% | 25.7% | - | 49.6% | 63.1% | 59.1% | - |
| Net income growth (YoY) | -53.6% | - | -42.7% | 8.1% | 25.8% | - | 48.8% | 62.8% | 60.1% | - |
| EPS growth (YoY) | 92.7% | - | 82.9% | 79.1% | 82.3% | - | -1462.5% | -52400.0% | -68650.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 72.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | 87.2% | -455.2% | - | - | - | - | -88.0% | -91.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.11M totalReportable Segment$1.11M · 100.0%
Product / service
$1.11M totalEngineering Project Services$948.0K · 85.4%
Forfeited Customer Deposits$162.0K · 14.6%
Peer comparison
Same SIC group: Guided Missiles & Space Vehicles & Parts
Comparing Momentus Inc. against the 5 most active filers in the same SIC group.