Momentus Inc. Reports Q3 2025 Financial Results with Increased Revenue but Net Loss

Momentus Inc. reported its financial results for the third quarter of 2025, revealing a service revenue of $234,000, a significant increase from $107,000 in the same period last year. However, the company experienced a net loss of $11.1 million for the quarter, compared to a loss of $7.8 million in Q3 2024. For the nine months ending September 30, 2025, total revenue was $747,000, down from $1.8 million in the prior year, primarily due to a decrease in engineering services performed for U.S. government contracts.

The company's total operating expenses for the third quarter were $6.5 million, a decrease from $7.6 million in Q3 2024. This reduction was attributed to lower selling, general, and administrative expenses, which fell to $4.2 million from $5.4 million, largely due to decreased payroll costs. Research and development expenses remained relatively stable, increasing slightly to $2.3 million from $2.2 million. Momentus reported a total operating loss of $6.2 million for the quarter, an improvement from the $7.6 million loss recorded in the same quarter of the previous year.

In terms of operational developments, Momentus has launched four missions to date, deploying 17 customer satellites and providing hosted payload services. The company is also advancing its Vigoride Orbital Service Vehicle (OSV) technology, with plans to utilize the next version, Vigoride 7, in a mission scheduled for 2026. Momentus has also introduced the M-1000 satellite bus, which is expected to meet growing demand in the satellite bus market.

The company’s financial position remains precarious, with an accumulated deficit of $431.7 million as of September 30, 2025, and cash and cash equivalents of only $670,000. Momentus used $12.7 million in cash for operating activities during the first nine months of 2025, raising concerns about its ability to continue as a going concern. The company is actively seeking additional capital to fund its operations and execute its business plan, which may include equity or debt financing.

Looking ahead, Momentus anticipates continued challenges in generating sufficient revenue to support its operations. The company is focused on expanding its customer base and enhancing its technology offerings to capture a larger share of the growing space transportation market. However, the need for substantial additional capital raises uncertainties about its future operational viability.