Momentus (MNTS) AI Stock Analysis

• Market Cap: $8.07M
• Dividend Yield: N/A
• Average Volume (3M): 2.21M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.14
• Revenue Growth: -46.28%
• EPS Growth: 93.33%
• Country: US
• Employees: 123
• Sector: Industrials
• Sector Strength: 86
• Industry: Aerospace & Defense
• EPS (TTM): -25.69
• Shares Outstanding: 6,954,334
• 10 Day Avg. Volume: 5,476,072
• 30 Day Avg. Volume: 2,213,471
• PEG Ratio: -0.09
• Price to Book (P/B): -10.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.60
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 1.06
• Enterprise Value/Gross Profit: 5.68
• Enterprise Value/Ebitda: -0.08
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $1.00 ▼(-13.79%Downside)

Momentus Inc. faces significant financial challenges, with declining revenues and high leverage posing substantial risks. Technical analysis indicates bearish momentum, while the valuation is unattractive due to unprofitability and high volatility. However, the strategic partnership with Velo3D provides a positive outlook for future operational improvements and potential revenue growth.

Momentus Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Momentus Inc. generates revenue primarily through service contracts with satellite operators, space agencies, and other commercial space enterprises. The company's key revenue streams stem from fees charged for satellite transportation and repositioning services, allowing satellites to reach their desired orbits using Momentus' space tug technology. Additionally, Momentus offers satellite hosting services, which provide a platform for payloads needing to operate in space. Significant partnerships with satellite manufacturers and operators enhance Momentus' ability to secure long-term contracts and maintain a steady flow of revenue.

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	-29.68M	-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	18.74M	9.95M	20.65M	92.42M	185.82M	36.32M
Cash, Cash Equivalents and Short-Term Investments	1.67M	1.57M	2.12M	61.09M	160.04M	23.00M
Total Debt	5.82M	5.97M	8.40M	21.32M	29.38M	314.77M
Total Liabilities	15.25M	17.76M	17.46M	53.82M	53.94M	325.79M
Stockholders Equity	3.48M	-7.81M	3.19M	38.61M	131.89M	-289.47M
Cash Flow
Free Cash Flow	-15.53M	-16.61M	-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: 1.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.16 is below the 20-day moving average (MA) of 1.37, below the 50-day MA of 1.62, and below the 200-day MA of 4.73, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 33.18 is Neutral, neither overbought nor oversold. The STOCH value of 11.57 is Positive, 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
VCIG	72 Outperform	$4.84M	―	36.75%	―	―	―
Sector *	71 Outperform	¥254.55B	13.00	8.49%	3.09%	6.31%	12.77%
SIDU	48 Neutral	$31.67M	―	-109.05%	―	-18.70%	84.35%
KITT	48 Neutral	$33.58M	―	153.01%	―	-64.51%	7.09%
MNTS	45 Neutral	$8.07M	―	688.16%	―	-46.28%	93.33%
YGMZ	42 Neutral	$78.21M	5.34	-13.60%	―	-54.57%	-171.23%
NEOV		$112.27M	―	-91.79%	―	―	―

Momentus Corporate Events

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.

Momentus Secures $1.5M Loan for Operational Flexibility

On May 30, 2025, Momentus Inc. entered into a $1.5 million Loan Agreement with J.J. Astor & Co. to support its general working capital needs. The agreement allows Momentus to repay the loan in cash or shares, with specific conditions and limitations on stock conversion and ownership. This financial maneuver is expected to impact Momentus’s operational flexibility and market strategy, with implications for its stakeholders regarding stock issuance and potential changes in control.

Momentus Holds 2025 Annual Stockholders Meeting

On May 19, 2025, Momentus Inc. held its 2025 Annual Meeting of Stockholders, where a quorum was present. During the meeting, all three nominated directors were elected to serve until the 2028 Annual Meeting. Additionally, several proposals were approved, including the ratification of auditors, repricing of existing warrants, issuance of Class A common stock related to inducement warrants, convertible notes, and preferred stock conversion, as well as an amendment to the 2021 Equity Incentive Plan to increase available shares.

Momentus Partners with Velo3D in New Agreement

On April 12, 2025, Momentus Inc. entered into a five-year master services agreement with Velo3D, a leading provider of 3D printing solutions. This partnership aims to enhance Momentus’s production capabilities for space system components, leveraging Velo3D’s advanced additive manufacturing technology to optimize spacecraft design, reduce production costs, and create new revenue streams by selling 3D-printed components. The agreement allows Momentus priority access to Velo3D’s printing capacity, with compensation terms for unused capacity and involves an all-stock transaction with Momentus issuing shares of Class A common stock and non-voting Series A Convertible Preferred Stock to Velo3D.