Momentus Inc. Reports 84% Revenue Decline and $6.5 Million Net Loss in Q2 2025

Momentus Inc. reported its financial results for the second quarter of 2025, revealing a significant decline in revenue and ongoing operational challenges. The company generated $191,000 in service revenue for the three months ended June 30, 2025, a decrease of 84% compared to $1.2 million in the same period last year. For the first half of 2025, total revenue was $513,000, down 70% from $1.7 million in the first half of 2024. The decline in revenue was primarily attributed to reduced engineering services performed for the U.S. government, which accounted for the majority of the revenue in both periods.

Momentus reported a net loss of $6.5 million for the second quarter, a slight improvement from a net loss of $7.0 million in the same quarter of 2024. For the first six months of 2025, the net loss was $12.6 million, compared to a loss of $15.3 million in the prior year. The company’s operating expenses also decreased, with total operating expenses for the second quarter at $6.1 million, down 25% from $8.2 million in the previous year. This reduction was driven by lower research and development costs and decreased selling, general, and administrative expenses.

In terms of strategic developments, Momentus has been focusing on enhancing its product offerings, including the M-1000 satellite bus, which is designed to meet various mission requirements. The company has also been working on its Vigoride Orbital Service Vehicle, which has successfully completed multiple missions, demonstrating its technology in space. However, the company continues to face challenges in scaling its operations and generating sufficient revenue to support its business model.

As of June 30, 2025, Momentus had cash and cash equivalents of $132,000, a significant decrease from $1.6 million at the end of 2024. The company used $7.4 million in cash for operating activities during the first half of 2025, raising concerns about its ability to continue as a going concern. Momentus has indicated that it will need to raise additional capital to fund its operations and execute its business plan, as its current cash levels are insufficient for ongoing operational needs.

Looking ahead, Momentus remains focused on securing additional funding and expanding its customer base. The company is actively seeking opportunities to access capital through equity or debt financing, although it acknowledges the uncertainty surrounding its ability to raise funds on favorable terms. The management has expressed optimism about the long-term growth potential in the space transportation market, driven by increasing demand for satellite services and advancements in technology. However, the immediate outlook remains challenging as the company navigates its financial difficulties and strives to stabilize its operations.