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Sidus Space (SIDU) investor relations material
Sidus Space Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Expanded vertical integration and advanced LizzieSat constellation, with three satellites launched in the past year, strengthening partnerships across commercial, defense, and international sectors.
Demonstrated ability to design, build, launch, and operate advanced microsatellites, supporting national security, NASA, and commercial initiatives.
Diversified revenue model across civil, defense, and commercial markets provides resilience amid government funding uncertainty.
Lean, efficient operations and strategic investments in infrastructure, technology, and team position the company for sustainable growth.
Strengthened intellectual property through continued filings and expanded global partnerships to accelerate commercialization in space and defense markets.
Financial highlights
Q3 2025 revenue was $1.3 million, down 31% year-over-year; nine-month revenue was $2.8 million, down 27% due to a shift from legacy contracts.
Cost of revenue rose 48% to $2.8 million for the nine months, driven by higher depreciation, contract mix, and supply chain pressures; Q3 cost of revenue increased 42% to $2.6 million.
Gross loss for Q3 2025 was $1.3 million, compared to a $38,000 profit in Q3 2024; adjusted gross loss for Q3 was $277,000.
SG&A expenses increased to $13 million for the nine months and $4.3 million for Q3 2025, reflecting investments in headcount, compensation, and infrastructure.
Adjusted EBITDA loss for Q3 2025 was $4.0 million, a 62% increase year-over-year; net loss for Q3 2025 was $6.0 million, up from $3.9 million in Q3 2024.
Outlook and guidance
Expect improved gross margins and stronger revenue visibility as the Mobile Launcher 2 contract nears completion.
Management expects to launch four to six additional LizzieSat satellites over the next 24 months, with two in production for late 2026 launch.
Fortis VPX product line on track for production release in January 2026, with revenue contributions expected soon after.
Focus on aligning spend to near-term revenue milestones, operational efficiencies, and accelerating commercialization across space and defense markets.
Timeline for new commercial models to offset revenue decline
ROI from capital raises given increased losses
Reconcile Q3 SG&A increase with efficiency plans
Fortis VPX revenue contribution timeline
Mobile Launcher 2 contract completion impact
Path to positive gross margins
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Next Sidus Space earnings date
Q4 202531 Mar, 2026
Next Sidus Space earnings date
Q4 202531 Mar, 2026
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Frequently asked questions
Sidus Space Inc. is a Space and Data-as-a-Service company that specializes in designing, manufacturing, launching, and collecting data from commercial satellites. The company's offerings include satellite hardware manufacturing, Low Earth Orbit (LEO) launch and deployment services, and space-based geospatial intelligence and data analytics. Sidus Space also provides platforms such as the External Flight Test Platform (EFTP), LizzieSat, and the Phoenix Deployer. Additionally, the company offers aerospace and defense manufacturing services, including 3D printing, mechanical and electrical assembly, and testing. Sidus Space serves the commercial space, aerospace, and defense sectors, as well as various government and commercial clients. The company is headquartered in Cape Canaveral, Florida, and its shares are listed on NASDAQ.
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