Momentus Inc. has reported its financial results for the fiscal year ending December 31, 2025, revealing a significant decline in revenue and continued operational losses. The company generated $1.1 million in service revenue, a decrease of 47% from $2.1 million in 2024. This decline is attributed primarily to reduced engineering services performed under contracts with U.S. government agencies, including the Defense Advanced Research Project Agency (DARPA). The gross profit also fell to $1.1 million, down from $2.0 million the previous year.
The company's total operating expenses decreased by 11% to $28.4 million, compared to $31.7 million in 2024. This reduction was driven by lower selling, general, and administrative expenses, which fell to $19.2 million from $21.9 million, largely due to decreased payroll costs and legal expenses. Research and development expenses also saw a slight decline, totaling $9.2 million, down from $9.8 million. Despite these reductions, Momentus reported a net loss of $30.5 million for the year, an improvement from the $34.9 million loss in 2024.
In terms of operational developments, Momentus has launched four missions to date, deploying a total of 17 customer satellites. The company is actively working on its Vigoride Orbital Service Vehicle (OSV), which has been successfully demonstrated in space. The Vigoride 7 is expected to be utilized in a mission scheduled for 2026. Additionally, Momentus has introduced the M-1000 satellite bus, which is designed to meet various mission requirements and is expected to enhance the company's offerings in the growing satellite bus market.
Momentus continues to face challenges related to its financial health, with a cash balance of $12.8 million as of December 31, 2025, and an accumulated deficit of $438.6 million. The company has indicated that it will require additional capital to support its operations and growth initiatives. Management has outlined several strategies to mitigate financial risks, including the collection of customer contract amounts, monetization of unused capacity, and potential reductions in workforce and expenses. The outlook remains cautious, as the company navigates the complexities of the commercial space industry and seeks to achieve profitability in the future.
About Momentus Inc.
Momentus Inc. is a U.S. space company providing satellite, satellite bus, and in-space transportation services. Its core offerings include last-mile satellite delivery, payload hosting, in-orbit servicing, and satellite technology development. Utilizing proprietary propulsion and modular satellite technologies, Momentus targets commercial and government markets, emphasizing cost-effective, versatile space infrastructure solutions and innovative in-space mobility and servicing capabilities.
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