York Space Systems, Inc. (YSS)
NYSE:YSS
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Earnings Data
Report Date
May 14, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
―Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial trajectory: strong top-line growth (+52% FY revenue), material margin improvement, major mission/technical milestones (21-satellite DoD launch, Dragoon 7-month delivery, BARD NASA interoperability), strategic acquisitions (ATLAS, Orbion), and a fortified liquidity position post-IPO (~$895M). Key risks include continued FY2025 losses (EPS -$0.89), negative adjusted EBITDA in recent quarters (though improved), dependency on government/classified funding with timing uncertainty, and limited program-level margin disclosure. Management expects significant backlog-driven revenue in 2026 and sees a path to profitability, and the weight of positive developments (growth, tech wins, backlog, liquidity) outweighs the near-term financial and visibility issues.Company Guidance
Strong Revenue Growth
Revenue for FY2025 was $386.2M, up $132.7M or 52% year-over-year. Q4 revenue was $105M, up 38% versus Q4 2024. Management guides 2026 revenue to $545M–$595M (midpoint up ~48% YoY), with >70% expected from existing backlog.
Material Margin Improvement
Gross margin rose to 20%, up 7 percentage points year-over-year. Contribution margin increased to 32% (from 30%), and contribution margin dollars grew to $122M, up $47M or 63% year-over-year.
Operational Scale and Production Cadence
York launched 23 satellites in 2025 and has 33 satellites on orbit. There are 107 satellites in production in backlog (expected to launch across 2026–2027) and management expects ~140 satellites on orbit by end of 2027. Company reports production capacity (Willow, Wazee, Potomac) sized to support up to ~1,000 satellites/year, with Willow alone meeting projections through 2028.
Major Contract and Commercial Momentum
Signed a $187M commercial contract for a 20+ satellite constellation on the new M-CLASS platform (first of a series for that customer). Also executing 12 contracts, advancing work on 6th constellation contract and preparing an 8th launch that will deliver another 21 satellites.
Significant Technical and Mission Achievements
Demonstrated multiple advanced capabilities in 2025: in-plane, cross-vendor and space-to-ground optical laser communications; K-band connectivity; orbit maneuvering; and being the only provider to demonstrate Link 16 from space to ground. BARD (NASA) executed >100 on-orbit communications activities validating interoperability with TDRS and commercial K-band relays.
Fast Turnaround Delivery Example (Dragoon)
Dragoon mission moved from contract execution to orbit in 7 months (a ~75% reduction versus a typical 30-month program), highlighting manufacturing and operational agility that can accelerate revenue recognition when combined with inventory strategy.
Strategic Acquisitions and Vertical Integration
Acquired ATLAS Space Operations (Q3 2025) to expand ground station capacity and eliminate bottlenecks; acquired Orbion Space Technologies (propulsion) to reduce supply-chain risk and align propulsion roadmaps. Management expects vertical integration to be accretive to contribution margins.
Strengthened Liquidity via IPO
As of Dec 31, 2025 cash and equivalents were $162.6M with $150M revolver availability (total $312.6M). On Jan 30, 2026 IPO net proceeds were $582.6M, bringing total liquidity to $895.2M as of Jan 31, 2026.
YSS Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
May 14, 2026 | 2026 (Q1) | ― | ― | ― | ― | ||
Mar 19, 2026 | 2025 (Q4) | -0.214 | -39.72% (-0.08) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
YSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $17.68 | $21.07 | +19.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does York Space Systems, Inc. (YSS) report earnings?
York Space Systems, Inc. (YSS) is schdueled to report earning on May 14, 2026, After Close (Confirmed).
What is York Space Systems, Inc. (YSS) earnings time?
York Space Systems, Inc. (YSS) earnings time is at May 14, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is YSS EPS forecast?
YSS EPS forecast for the fiscal quarter 2026 (Q1) is -0.11.