2026-04-01 11:45:52
Sidus Space Inc. Reports Q4 and Full-Year 2025 Financial Results with Significant Losses
Expected Stock impact: Slightly Negative
On April 1, 2026, Sidus Space, Inc. (NASDAQ: SIDU) announced its financial results for the fourth quarter and full-year ended December 31, 2025. The company reported total revenue of approximately $3.4 million for the year, a decrease of 28% compared to $4.7 million in 2024. This decline reflects Sidus' strategic transition towards higher-margin satellite manufacturing and technology services. The cost of revenue surged by 48% to approximately $9.1 million, primarily due to increased depreciation costs associated with the expansion of its satellite fleet, including the deployment of LizzieSat-2 and LizzieSat-3. As a result, the company reported a gross loss of approximately $5.7 million, with a gross profit margin of negative 168%. Selling, general, and administrative expenses totaled approximately $22.3 million, which included a non-cash impairment charge of $4.5 million related to LizzieSat-1. Excluding this charge, core SG&A expenses increased by $3.6 million compared to the previous year. The adjusted EBITDA loss for the year was $17.3 million, up from a loss of $12.9 million in 2024. The net loss for 2025 was $29.5 million, compared to a net loss of $17.5 million in 2024. Despite these challenges, Sidus Space ended the year with $43.2 million in cash, a significant increase from $15.7 million in 2024, bolstered by equity capital raises. The company remains focused on scaling its satellite operations and advancing its technology offerings, which it believes will lead to improved revenue opportunities in the future.
