York Space Systems, Inc. (YSS)
NYSE:YSS
Want to see YSS full AI Analyst Report?
Top Page
York Space Systems, Inc.
(NYSE:YSS)
Select Model
Select Model
Rating:47Neutral
Price Target:
$32.00
▼(-10.41% Downside)
Action:N/A
Date:06/17/26
The score is held back primarily by weak financial performance—ongoing losses and a sharp 2025 swing to negative operating/free cash flow. The latest earnings call adds support via reaffirmed growth guidance, expanding backlog, and strong liquidity, while technicals are roughly neutral and valuation remains challenged due to negative earnings and no dividend yield provided.
Positive Factors
Large, Visible Backlog
A $642M backlog with ~70% of 2026 guidance already booked provides durable revenue visibility and lowers near-term booking risk. This backlog supports production planning and scale economics, improving predictability of cash flows as launches and task orders convert to revenue.
Negative Factors
Ongoing Losses and Negative Returns
Despite rapid top-line growth, the company remains loss-making and is not generating positive returns on shareholder capital. Persistent negative margins mean equity is not producing durable returns, increasing the burden on management to convert growth into sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Large, Visible Backlog
A $642M backlog with ~70% of 2026 guidance already booked provides durable revenue visibility and lowers near-term booking risk. This backlog supports production planning and scale economics, improving predictability of cash flows as launches and task orders convert to revenue.
Read all positive factors
York Space Systems, Inc. (YSS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.21B
Dividend YieldN/A
Average Volume (3M)2.31M
Price to Earnings (P/E)―
Beta (1Y)3.90
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees670
SectorIndustrials
Sector Strength72
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.99
Shares Outstanding129,694,460
10 Day Avg. Volume2,004,391
30 Day Avg. Volume2,314,511
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$34.33Price Target Upside-3.88% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.68
Revenue Forecast (FY)$556.81M
York Space Systems, Inc. Business Overview & Revenue Model
Company Description
York Space Systems, Inc. specializes in providing essential, end-to-end solutions for clients across the national security, government, and commercial sectors. The company operates with a vertically integrated approach, offering a comprehensive su...
How the Company Makes Money
YSS primarily makes money by selling spacecraft (small satellites/satellite buses) and associated mission services under customer contracts, with a strong emphasis on U.S. government and defense-related procurement. Key revenue streams include: (1...
York Space Systems, Inc. Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Mar 25, 2027
Earnings Call Sentiment Positive
The call communicated clear growth momentum: revenue and backlog expansion, strong liquidity, a sizable commercial contract, multiple selective IDIQ awards, and strategic acquisitions to improve vertical integration and expand into adjacent markets. These positives are balanced by near-term margin compression (driven by EAC adjustments and a one-time depreciation), a swing to negative adjusted EBITDA, higher SG&A/R&D from public-company and M&A activities, and supply-chain timing that shifts some revenue into H2. Management maintained full-year guidance and highlighted investments (inventory build, production scaling, and M&A) intended to accelerate future revenue and delivery cadence. On balance, the strategic wins and financial flexibility outweigh short-term profitability and timing headwinds.Positive Updates
Revenue Growth
Q1 revenue of $116.3M, up $10.1M or 9% year-over-year; quarter ahead of expectations.
Negative Updates
Gross Margin Compression
Gross margin fell to 19%, down 4 percentage points year-over-year; gross margin dollars declined to $22.2M from $24.6M (≈-9.8%), driven by EAC adjustments and a non-recurring depreciation expense.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Q1 revenue of $116.3M, up $10.1M or 9% year-over-year; quarter ahead of expectations.
Read all positive updates
Company Guidance
York reaffirmed 2026 revenue guidance of $545–$595 million (midpoint $570M, up ~48% YoY at the midpoint) and said ~70% of that guide is already in backlog — backlog was $642.3M (up 18% from $542.6M at 12/31/25) — while noting some Q2 revenue will shift into H2 due to a handful of supplier delays (Q2 could be roughly flat YoY). Management is building inventory (first 20 platforms plus ~11 available) to cut time‑to‑orbit by up to 75% and expects the $187M commercial constellation win to drive significant 2027 revenue (under $30M in 2026). Q1 results supporting the outlook: revenue $116.3M (up $10.1M, +9% YoY), gross margin 19% ($22.2M vs $24.6M a year ago), contribution margin 34% ($40.1M vs $35.3M), adjusted EBITDA -$3.6M (vs $5.5M prior year), cash $655.7M, revolver availability $150M (total liquidity $805.7M), loss per share $1.51 (≈$1.07 of which related to two non‑recurring IPO charges), and Q1 CapEx $2.1M.York Space Systems, Inc. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
66
Positive
Cash Flow
26
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 386.20M | 253.53M | 238.10M |
| Gross Profit | 75.46M | 32.42M | 54.90M |
| EBITDA | -18.28M | -46.29M | 1.81M |
| Net Income | -84.54M | -98.91M | -29.66M |
Balance Sheet | |||
| Total Assets | 1.64B | 1.47B | 1.37B |
| Cash, Cash Equivalents and Short-Term Investments | 162.57M | 104.66M | 81.15M |
| Total Debt | 175.13M | 220.12M | 220.44M |
| Total Liabilities | 633.89M | 624.35M | 514.94M |
| Stockholders Equity | 1.01B | 846.33M | 935.68M |
Cash Flow | |||
| Free Cash Flow | -130.19M | 13.57M | -2.79M |
| Operating Cash Flow | -121.33M | 31.61M | 15.70M |
| Investing Cash Flow | -25.26M | -18.05M | -62.85M |
| Financing Cash Flow | 204.29M | 10.00M | 95.47M |
York Space Systems, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
Performance Comparison
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.