Momentus (MNTS) AI Stock Analysis

• Market Cap: $11.33M
• Dividend Yield: N/A
• Average Volume (3M): 4.85M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.45
• Revenue Growth: -63.81%
• EPS Growth: 81.84%
• Country: US
• Employees: 123
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -25.69
• Shares Outstanding: 1,397,179
• 10 Day Avg. Volume: 13,301,744
• 30 Day Avg. Volume: 4,846,897
• PEG Ratio: 0.04
• Price to Book (P/B): -16.08
• Price to Sales (P/S): 59.39
• P/FCF Ratio: -7.54
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 10.27
• Enterprise Value/Gross Profit: 7.96
• Enterprise Value/Ebitda: -0.28
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $1.00 ▼(-92.22% Downside)

Momentus's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, high operating losses, and a weak balance sheet. Technical analysis also indicates bearish momentum, further contributing to the low score. The negative P/E ratio and lack of dividend yield result in a poor valuation score. These factors collectively highlight significant risks for investors.

Positive Factors

Strategic Partnerships

The partnership with Solstar Space enhances Momentus's service offerings in LEO, potentially increasing demand and solidifying its market position.

Government Contracts

Securing contracts with NASA validates Momentus's technology and enhances its credibility, potentially leading to more government and commercial opportunities.

Innovation in Space Technology

The COSMIC project positions Momentus at the forefront of in-space manufacturing, a growing field with significant future revenue potential.

Negative Factors

Declining Revenue

The significant revenue decline highlights challenges in scaling operations and maintaining customer acquisition, impacting long-term growth prospects.

High Operating Losses

Persistent operating losses indicate inefficiencies and may hinder investment in growth initiatives, affecting future profitability and sustainability.

Weak Balance Sheet

A weak balance sheet with high leverage limits financial flexibility, increasing risk and potentially restricting future strategic investments.

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 generates revenue through several key streams, primarily centered around its satellite transportation services. The company charges customers for the deployment of satellites into orbit, which includes a combination of launch and in-space transportation fees. Additionally, Momentus offers mission services that encompass planning, integration, and operational support, providing a comprehensive solution for clients. Significant partnerships with established aerospace companies and government agencies further bolster its revenue potential, as these collaborations can lead to larger contracts and increased demand for its services. The company may also explore future revenue opportunities through technology licensing or developing proprietary systems for satellite servicing and maintenance.

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	798.00K	2.11M	3.09M	299.00K	330.00K	365.00K
Gross Profit	1.03M	2.05M	2.23M	273.00K	195.00K	-3.00K
EBITDA	-29.28M	-32.54M	-64.60M	-87.93M	135.98M	-305.97M
Net Income	-35.55M	-34.95M	-68.92M	-99.61M	120.65M	-307.03M
Balance Sheet
Total Assets	19.60M	9.95M	20.65M	92.42M	185.82M	36.32M
Cash, Cash Equivalents and Short-Term Investments	670.00K	1.57M	2.12M	61.09M	160.04M	23.00M
Total Debt	4.63M	5.97M	8.40M	21.32M	29.38M	314.77M
Total Liabilities	20.30M	17.76M	17.46M	53.82M	53.94M	325.79M
Stockholders Equity	-694.00K	-7.81M	3.19M	38.61M	131.89M	-289.47M
Cash Flow
Free Cash Flow	-18.48M	-16.65M	-61.96M	-88.65M	-89.80M	-34.13M
Operating Cash Flow	-18.48M	-16.61M	-61.83M	-87.89M	-86.71M	-32.53M
Investing Cash Flow	0.00	94.00K	-19.00K	-733.00K	-3.09M	-1.60M
Financing Cash Flow	17.85M	15.60M	1.92M	-9.51M	226.83M	44.65M

Momentus Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 12.86 is above the 20-day moving average (MA) of 8.93, above the 50-day MA of 10.12, and below the 200-day MA of 21.24, indicating a bearish trend. The MACD of -0.74 indicates Negative momentum. The RSI at 43.37 is Neutral, neither overbought nor oversold. The STOCH value of 29.84 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
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RDW	58 Neutral	$2.35B	―	-50.08%	―	-0.63%	-163.11%
EVEX	49 Neutral	$1.42B	-6.18	-115.63%	―	―	-33.69%
SIDU	49 Neutral	$223.51M	-2.30	-142.81%	―	-30.18%	80.43%
SPCE	48 Neutral	$221.58M	-0.39	-98.87%	―	-82.36%	56.88%
EVTL	45 Neutral	$501.51M	-0.54	―	―	―	―
MNTS	41 Neutral	$11.33M	-0.05	―	―	-63.81%	81.84%

Momentus Corporate Events

Momentus Secures $5 Million Through Private Placement

On January 5, 2026, Momentus entered into a securities purchase agreement with a single existing institutional investor for a $5 million private placement that closed on January 6, 2026, issuing pre-funded warrants and common warrants equivalent to 925,926 shares of Class A common stock at an effective combined price of $5.40 per share. The company plans to use the net proceeds for working capital, debt repayment, capital expenditures, and general corporate purposes, while agreeing to a series of issuance and registration restrictions, including limits on new equity or variable-rate financings for set periods and obligations to promptly register the resale of the securities, arrangements that underscore the company’s ongoing need for capital while attempting to manage dilution and maintain compliance with U.S. securities regulations.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.

Momentus Amends Equity Purchase Agreement, Adjusts Share Pricing

On December 23, 2025, Momentus Inc. amended its September 25, 2025 Equity Purchase Agreement with Yield Point NY LLC, shifting the pricing of shares issued under put notices from a fixed $1.24 per share to a variable price set at 94% of the lowest trading price over the three trading days starting on the date a put notice is delivered. The amendment also tightened limits on the number of shares that can be issued in each put exercise, capping them at the lowest of specified fractions of recent and same-day trading volumes or a formula tied to an $800,000 notional value divided by the last closing price, while leaving the rest of the original agreement in force, thereby reshaping the terms and potential dilution profile of Momentus’s ongoing equity financing arrangement.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.

Momentus Announces Reverse Stock Split Approval

On December 3, 2025, Momentus Inc.’s Board of Directors approved a reverse stock split of its Class A Common Stock at a ratio of 1-for-17.85, effective December 17, 2025. This move aims to meet the $1.00 minimum bid price requirement for continued listing on the Nasdaq Stock Market. The reverse stock split will adjust the number of shares and the CUSIP number, but the trading symbol ‘MNTS’ will remain unchanged. Additionally, the company announced the cancellation of its 2025 Special Meeting of Stockholders due to a lack of quorum.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.

Momentus Enters Warrant Inducement Agreement

On December 9, 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 holder exercising warrants to buy 4,862,058 shares at $0.77 per share, generating approximately $3.74 million in gross proceeds for the company. In return, Momentus issued new inducement warrants for additional shares and agreed to reduce the exercise price of certain existing warrants, subject to stockholder approval. The company plans to use the net proceeds for general corporate purposes.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.

Momentus Amends Note Agreement with SIV

Momentus Inc. entered into a Note Amendment Agreement with Space Infrastructures Ventures, LLC on December 5, 2025, to amend an existing secured convertible promissory note. The amendment defers a $1 million payment from December 1, 2025, to May 1, 2026, and involves issuing warrants to SIV for purchasing up to 240,000 shares of Common Stock. The amendment impacts the company’s debt management strategy by delaying the incurrence of additional indebtedness until March 1, 2026, and includes provisions to limit SIV’s ownership of Class A common stock to 4.99%.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.

Momentus Adjourns Special Meeting Due to Lack of Quorum

Momentus Inc. held its 2025 Special Meeting of Stockholders on November 24, 2025, but lacked the necessary quorum to proceed. As a result, the meeting was adjourned and rescheduled for December 15, 2025, allowing more time for stockholders to consider and vote on proposals and for the company’s proxy solicitor to gather votes.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.

Momentus Secures $7 Million Through Warrant Agreement

Momentus Inc. entered into a warrant inducement agreement on October 14, 2025, with a holder of existing warrants to purchase shares of common stock. The agreement involves the exercise of warrants issued in March and July 2025, resulting in gross proceeds of approximately $7 million for the company. In return, Momentus will issue new inducement warrants for additional shares, with the proceeds intended for general corporate purposes. The transaction reflects strategic financial maneuvering to bolster the company’s capital and potentially influence its market positioning.

The most recent analyst rating on (MNTS) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Momentus stock, see the MNTS Stock Forecast page.