MNTS

MKT CAP:$32M

Momentus Inc.

Market Cap

$32M

Industrials·Aerospace & Defense·🇺🇸 United States·NASDAQ

Industrials·Aerospace·🇺🇸·NASDAQ

Stock Price

$6.42+$0.68 (+11.85%)

Apr 20, 2026

Company Details

Momentus, Inc. engages in the provision of in-space infrastructure services. It offers space transportation and in-orbit servicing. The company was founded by Mikhail Kokorich in 2017 and is headquartered in Santa Jose, CA.

CEO

John Charles Rood

IPO Date

Jan 2, 2020

Website

momentus.space

Key Metrics TTM

Revenue

$1M

-63.8% YoY

Net Income

-$36M

EPS (Diluted)

-$59.67

Free Cash Flow

-$18M

Revenue / Share

$1.71

Gross Margin

66.0%

Operating Margin

-2439.3%

Net Margin

-3445.3%

FCF Margin

-1790.9%

P/S

31.0x

P/E

—

Earnings Reports

Q4 2025

May 15, 2026

PENDING

FY 2025

Mar 31, 2026

$1M-47.5%EPS -$49.10

Q3 2025

Nov 19, 2025

$234.0K+118.7%EPS -$18.36

Q2 2025

Aug 19, 2025

$191.0K-84.2%EPS -$20.91

Q1 2025

May 15, 2025

$322.0K-37.2%EPS -$6.97

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$130.0K	$82.0K	-$24M
Q2 21	$0	$0	-$31M
Q3 21	$200.0K	$16.0K	-$21M
Q4 21	$270.0K	$173.0K	-$25M
Q2 22	$50.0K	$38.0K	-$24M
Q3 22	$129.0K	$115.0K	-$22M
Q2 23	$2M	$1M	-$19M
Q3 23	$339.0K	$220.0K	-$15M
Q4 23	$1M	$675.0K	-$14M
Q1 24	$513.0K	$8.0K	-$8M
Q2 24	$1M	$1M	-$7M
Q3 24	$107.0K	$41.0K	-$8M
Q4 24	$285.0K	$285.0K	-$7M
Q1 25	$322.0K	$322.0K	-$6M
Q2 25	$191.0K	$189.0K	-$6M
Q3 25	$234.0K	-$115.0K	-$6M

Valuation

Quarter	P/S	P/E
Q1 21	181443.7x	—
Q2 21	206870.9x	—
Q3 21	71217.7x	—
Q4 21	40861.0x	203.2x
Q2 22	23457.5x	368.4x
Q3 22	12852.7x	—
Q2 23	1147.0x	—
Q3 23	175.5x	—
Q4 23	99.9x	—
Q1 24	29.0x	—
Q2 24	43.8x	—
Q3 24	34.4x	—
Q4 24	65.5x	—
Q1 25	5.7x	—
Q2 25	14.6x	—
Q3 25	14.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$21M	-$22M
Q2 21	-$23M	-$25M
Q3 21	-$26M	-$26M
Q4 21	-$15M	-$15M
Q2 22	-$23M	-$23M
Q3 22	-$26M	-$25M
Q2 23	-$15M	-$15M
Q3 23	-$13M	-$13M
Q4 23	-$16M	-$16M
Q1 24	-$5M	-$5M
Q2 24	-$1M	-$1M
Q3 24	-$5M	-$5M
Q4 24	-$6M	-$6M
Q1 25	-$4M	-$4M
Q2 25	-$3M	-$3M
Q3 25	-$5M	-$5M

Capital Expenditures

Quarter	CapEx
Q1 21	$432.0K
Q2 21	$2M
Q3 21	$663.0K
Q4 21	$239.0K
Q2 22	$431.0K
Q3 22	$0
Q2 23	$26.0K
Q3 23	$42.0K
Q4 23	$12.0K
Q1 24	$39.0K
Q2 24	$1.0K
Q3 24	$1.0K
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	—	+438.4%
Q2 21	—	+398.0%
Q3 21	—	+121.8%
Q4 21	-26.0%	+80.8%
Q2 22	-61.5%	-0.8%
Q3 22	—	-28.7%
Q2 23	+752.5%	-1.5%
Q3 23	+25.6%	-38.2%
Q4 23	+1946.0%	-37.4%
Q1 24	+297.7%	-59.4%
Q2 24	-29.1%	-60.3%
Q3 24	-68.4%	-50.0%
Q4 24	-72.1%	-52.4%
Q1 25	-37.2%	-26.4%
Q2 25	-84.2%	-24.9%
Q3 25	+118.7%	-15.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$6M	4436.9%
Q2 21	$2M	—
Q3 21	$3M	1537.5%
Q4 21	$7M	2690.7%
Q2 22	$3M	6070.0%
Q3 22	$3M	2571.3%
Q2 23	$3M	151.1%
Q3 23	$2M	636.0%
Q4 23	$2M	198.1%
Q1 24	$1M	281.3%
Q2 24	$2M	143.5%
Q3 24	$2M	1595.3%
Q4 24	$2M	564.2%
Q1 25	$1M	328.3%
Q2 25	$967.0K	506.3%
Q3 25	$691.0K	295.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 21	$10M	$3M	$11M	—
Q2 21	$21M	$4M	$6M	—
Q3 21	$9M	—	—	$12M
Q4 21	$12M	—	—	$13M
Q2 22	$11M	—	—	$13M
Q3 22	$11M	—	—	$11M
Q2 23	$10M	—	$10M	—
Q3 23	$6M	—	—	$9M
Q4 23	$8M	$10M	—	—
Q1 24	$3M	—	—	$6M
Q2 24	$3M	—	$5M	—
Q3 24	$2M	—	—	$5M
Q4 24	$2M	—	—	$5M
Q1 25	$2M	—	—	$5M
Q2 25	$2M	—	—	$4M
Q3 25	$2M	—	—	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$136M	$0	$136M
Q2 22	$109M	$0	$109M
Q3 22	$82M	$0	$82M
Q4 22	$61M	$0	$61M
Q1 23	$39M	$0	$39M
Q2 23	$21M	$0	$21M
Q3 23	$10M	$0	$10M
Q4 23	$2M	$0	$2M
Q1 24	$2M	$0	$2M
Q2 24	$897.0K	$0	$897.0K
Q3 24	$798.0K	$0	$798.0K
Q4 24	$2M	$0	$2M
Q1 25	$3M	$0	$3M
Q2 25	$132.0K	$0	$132.0K
Q3 25	$670.0K	$0	$670.0K
Q4 25	$13M	$0	$13M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	516K	+51.6%	-8.2%
Q2 21	410K	-20.6%	-27.1%
Q3 21	356K	-13.0%	-3.4%
Q4 21	356K	0.0%	+4.8%
Q2 22	478K	+34.2%	-7.3%
Q3 22	483K	+0.9%	+17.8%
Q2 23	565K	+17.0%	+58.4%
Q3 23	620K	+9.7%	+73.9%
Q4 23	876K	+41.5%	+83.2%
Q1 24	926K	+5.6%	+91.7%
Q2 24	976K	+5.5%	+72.9%
Q3 24	1M	+4.6%	+64.8%
Q4 24	887K	-13.2%	+1.2%
Q1 25	887K	0.0%	-4.2%
Q2 25	307K	-65.3%	-68.5%
Q3 25	605K	+96.6%	-40.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$43.3K	3
Q2 21	$0	3
Q3 21	$66.7K	3
Q4 21	$2.3K	118
Q2 22	$424	118
Q3 22	$1.1K	118
Q2 23	$13.9K	123
Q3 23	$2.8K	123
Q4 23	$8.3K	123
Q1 24	$4.2K	123
Q2 24	$9.8K	123
Q3 24	$870	123
Q4 24	$11.9K	24
Q1 25	$13.4K	24
Q2 25	$8.0K	24
Q3 25	$9.8K	24

Revenue / Employee