Momentus (MNTS) AI Stock Analysis

• Market Cap: $13.84M
• Dividend Yield: N/A
• Average Volume (3M): 11.83M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: -70.65%
• EPS Growth: 90.41%
• Country: US
• Employees: 123
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -25.69
• Shares Outstanding: 11,634,365
• 10 Day Avg. Volume: 480,096
• 30 Day Avg. Volume: 11,831,822
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 7.48
• Enterprise Value/Gross Profit: 7.75
• Enterprise Value/Ebitda: -0.47
• 1Y Price Target: $1.50
• Price Target Upside: 26.05% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: $1.50 ▲(26.05% Upside)

Momentus receives a low overall stock score due to significant financial instability, characterized by declining revenues, high operating losses, and a weak balance sheet. Technical analysis shows mixed signals with short-term positive momentum but long-term weakness. The valuation is unattractive due to negative earnings and no dividend yield. These factors collectively contribute to a cautious outlook for the stock.

Momentus Business Overview & Revenue Model

Company Description

Momentus Inc. (MNTS) is a U.S.-based company operating in the aerospace and defense sector, specializing in in-space infrastructure services. The company provides satellite transportation and hosting services, leveraging its proprietary spacecraft to deliver and deploy payloads in space. Momentus aims to facilitate access to space by offering cost-effective, reliable, and efficient solutions for satellite operators and other space-based services.

How the Company Makes Money

Momentus makes money primarily through its satellite transportation and hosting services. The company generates revenue by charging clients for transporting their satellites and payloads to specific orbits using its Vigoride spacecraft. This includes offering last-mile delivery services, where Momentus takes payloads from a launch vehicle's drop-off point to their final orbital destination. The company may also explore revenue streams from satellite hosting services, where it provides platforms for clients to operate their payloads in space. Strategic partnerships with launch providers and satellite operators are key factors contributing to its earnings, as they help Momentus expand its service offerings and customer base.

Momentus Financial Statement Overview

Summary

Momentus faces significant financial challenges with declining revenues, high operating losses, and a weak balance sheet. The company has high leverage and struggles with cash flow constraints, indicating financial instability. These factors contribute to low scores across financial statement verticals, underscoring potential risks for stakeholders.

Income Statement

Momentus has shown inconsistent revenue growth with a decline in the most recent year to $2.11 million from $3.09 million. Gross profit margins are strong, but the company struggles with high operating losses, reflected in negative EBIT and net income margins. The overall profitability remains weak due to significant losses, impacting the income statement score.

Balance Sheet

The balance sheet reflects high leverage with a negative equity position in the latest period, indicated by negative stockholder equity. The debt-to-equity ratio cannot be calculated due to negative equity, but high total liabilities suggest potential financial instability. This, coupled with declining total assets, results in a low balance sheet score.

Cash Flow

Operating cash flows are significantly negative, indicating cash outflows from operations. Free cash flow remains negative, although there has been some improvement in cash outflows. The company's cash flow challenges are highlighted by a poor free cash flow to net income ratio, resulting in a below-average cash flow score.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.92M	2.11M	3.09M	299.00K	330.00K	365.00K
Gross Profit	1.86M	2.05M	2.23M	273.00K	195.00K	-3.00K
EBITDA	-30.59M	-32.54M	-64.60M	-87.93M	135.98M	-305.97M
Net Income	-32.80M	-34.95M	-68.92M	-99.61M	120.65M	-307.03M
Balance Sheet
Total Assets	11.73M	9.95M	20.65M	92.42M	185.82M	36.32M
Cash, Cash Equivalents and Short-Term Investments	3.40M	1.57M	2.12M	61.09M	160.04M	23.00M
Total Debt	4.59M	5.97M	8.40M	21.32M	29.38M	314.77M
Total Liabilities	17.70M	17.76M	17.46M	53.82M	53.94M	325.79M
Stockholders Equity	-5.97M	-7.81M	3.19M	38.61M	131.89M	-289.47M
Cash Flow
Free Cash Flow	-15.53M	-16.65M	-61.96M	-88.65M	-89.80M	-34.13M
Operating Cash Flow	-15.53M	-16.61M	-61.83M	-87.89M	-86.71M	-32.53M
Investing Cash Flow	133.00K	94.00K	-19.00K	-733.00K	-3.09M	-1.60M
Financing Cash Flow	16.75M	15.60M	1.92M	-9.51M	226.83M	44.65M

Momentus Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MNTS, the sentiment is Negative. The current price of 1.19 is below the 20-day moving average (MA) of 1.26, below the 50-day MA of 1.25, and below the 200-day MA of 2.99, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.14 is Neutral, neither overbought nor oversold. The STOCH value of 52.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MNTS.

Momentus Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MNTS	44 Neutral	$13.84M	―	688.16%	―	-70.65%	90.41%
SPCE	44 Neutral	187.17M	-0.36	-114.94%	―	-84.19%	55.27%
EVEX	43 Neutral	1.10B	-6.01	0.00%	―	0.00%	-30.78%
SIDU	42 Neutral	37.36M	-0.55	-74.46%	―	-2.60%	82.24%
RDW	40 Underperform	1.13B	-2.46	-20.72%	―	-10.50%	-230.68%
EVTL	25 Underperform	468.01M	-0.45	0.00%	―	0.00%	0.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Momentus Corporate Events

Momentus Enters Warrant Inducement Agreement

On August 13, 2025, Momentus Inc. entered into a warrant inducement agreement with a holder of existing warrants to purchase shares of its common stock. The agreement involved the exercise of warrants for 2,431,029 shares at $1.11 per share, generating approximately $2.7 million in gross proceeds for the company. In return, Momentus issued new inducement warrants for double the number of shares exercised, with a similar exercise price, and engaged A.G.P./Alliance Global Partners as a financial advisor for the transaction.

Momentus Completes $4 Million Public Offering

On July 1, 2025, Momentus Inc. completed a ‘best efforts’ public offering, raising approximately $4 million through the sale of common stock, pre-funded warrants, and common warrants. The funds were used to repay a loan and for general corporate purposes. The offering included an agreement with an institutional investor to restrict further stock issuance for a specified period, and involved amendments to existing warrants and a placement agency agreement with A.G.P./Alliance Global Partners.

Momentus Amends Loan Agreement with J.J. Astor

Momentus Inc. announced amendments to its loan agreement with J.J. Astor & Co., which initially allowed borrowing up to $1.5 million. The amendment, dated June 17, 2025, revises conditions for funding the second tranche, introduces a convertible note and warrant, and includes provisions for a cash ‘make-whole’ payment. Additionally, a convertible promissory note issued to A.G.P./Alliance Global Partners will be replaced with a new note upon a primary offering, impacting the company’s financial strategy and obligations.