York Space Systems
Builds modular spacecraft, ground systems and mission services for government and commercial customers.
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Profile
Designs and operates standardized spacecraft platforms while supplying their components, software, ground operations and downlink services. Revenue is centered on multi-year, firm-fixed-price U.S. government contracts, with maintenance, antenna use and mission services intended to extend the relationship across a spacecraft’s operating life.
Builds modular spacecraft platforms, selected components and subsystems, and proprietary flight and ground software. From a principally Denver-area footprint, it acts as prime contractor across design, production, payload integration, launch coordination, ground systems and on-orbit operations.
Extends the spacecraft offering with ATLAS ground operations and global downlink, electric propulsion, space solar cells and multi-network communications terminals. Common designs, shared supply-chain elements, high-volume production and automated testing support price, delivery speed, reliability and mission capability.
Generates most revenue under multi-year, firm-fixed-price U.S. government contracts recognized over time. Software maintenance, managed ground services, antenna use and operations-as-a-service are intended to add recurring work, while government funding, contract execution, security clearances and export controls remain structural dependencies.
Company facts
Key statistics
Year to date −73.3% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Craig-Hallum | Initiate | Hold | $11 | ||
| Aug 25, 2026 | Goldman Sachs | Target | $14 | |||
| Aug 20, 2026 | Truist Financial | Target | $14 | |||
| Aug 18, 2026 | Canaccord Genuity | Downgrade | Buy | Hold | ||
| Aug 17, 2026 | Jefferies | Target | $32 | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.17 | −$0.31 | −86.4% | $89.4M | $92.5M | +3.5% | −5.04% |
| May 14, 2026Q1 FY26 | −$0.11 | −$0.99 | −790.6% | $109.9M | $116.3M | +5.9% | −17.00% |
| Mar 19, 2026Q4 FY25 | −$0.18 | −$0.28 | −55.6% | $102.7M | $105.3M | +2.6% | +19.17% |
Financial highlights
| 5 quarters | — | Q4 FY24 | Q1 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $76.6M | $106.3M | $105.3M | $116.3M | $92.5M | |
| Gross profit | — | $15.7M | $24.6M | $21.1M | $22.2M | $22.2M | |
| Operating income | — | −$16.8M | −$6.6M | −$5.0M | −$104.5M | −$41.3M | |
| Net income | — | −$25.3M | −$11.7M | −$28.5M | −$114.8M | −$39.3M | |
| Diluted EPS | — | −$0.21 | −$0.12 | −$0.17 | −$1.38 | −$0.31 | |
| Gross margin | — | 20.4% | 23.2% | 20.0% | 19.0% | 24.0% | |
| Operating margin | — | -22.0% | -6.2% | -4.8% | -89.9% | -44.6% |
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $534.0M · Total debt $177.3M · Total assets $2.07B · Shareholders' equity $1.75B
Dividends
No dividends on record.
Ownership
Shares outstanding 131.40M · Float 83.39M · 63.5% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock Portfolio Management LLC · 10 percent owner | 16.52M | Form 4 | Aug 10, 2026 | |
| Ae Industrial Partners, LP | 11.73M | 8.93% | 13F | Aug 14, 2026 |
| Allianz Asset Management GmbH | 2.73M | 2.08% | 13F | Aug 14, 2026 |
| Hood River Capital Management LLC | 1.96M | 1.49% | 13F | Aug 14, 2026 |
| Tema Etfs LLC | 1.90M | 1.45% | 13F | Jul 10, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | BlackRock Portfolio Management LLC | 10 percent owner | −200,170 | $10.99 |
| Aug 6, 2026 | BlackRock Portfolio Management LLC | 10 percent owner | −201,504 | $11.60 |
| Aug 5, 2026 | BlackRock Portfolio Management LLC | 10 percent owner | −128,046 | $13.66 |
| Aug 4, 2026 | BlackRock Portfolio Management LLC | 10 percent owner | −546,558 | $15.50 |
Peers
- Northrop Grumman
Leading direct PWSA Transport Layer challenger in spacecraft and ground systems.
- Lockheed Martin
Direct PWSA spacecraft prime strengthened by modular Terran Orbital buses.
- Rocket Lab
Direct PWSA Transport Layer prime with vertically integrated spacecraft systems.
- L3Harris Technologies
Tracking-layer spacecraft prime and Transport Layer radios supplier.
- Viasat
Ground-station service and multi-orbit-terminal rival for government satcom.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| York Space Systems | $9.06 | +1.05% | $1.18B | — | — | 2.8 | — |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| Rocket Lab | $64.56 | +0.25% | $37.27B | — | — | 48.5 | +62.0% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| Median | 20.8 | 18.6 | 2.0 | +8.4% |