Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Momentus Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.37
0.33
0.3
3.09
2.11
1.11
Cost of revenue
0.37
-0.14
0.03
0.86
0.07
0
Gross profit
-0
0.47
0.27
2.23
2.05
1.11
Research and development
22.7
51.3
41.7
34.4
9.78
9.19
Selling, general and administrative
11.9
48.9
49.8
36.1
21.9
19.2
General and administrative
3.72
Operating expenses
34.7
100
91.5
70.4
31.7
28.4
Operating income
-34.7
-99.8
-91.3
-68.2
-29.7
-27.3
Interest expense
0.47
14.2
5.26
2.34
0.4
0.68
Interest income
0.01
0
0.52
1.23
0.03
0.06
Other non-operating income
-272
220
-4.17
-0.75
-5.26
-3.21
Pre-tax income
-307
121
-95.4
-34.9
-30.5
Income tax
0
0
0
0
0
0
Net income
-307
121
-95.4
-68.9
-34.9
-30.5
EBITDA
-34.1
-98.8
-90.3
-67.4
-28.9
-26.1
EPS, basic
-61,294.00
23,141.00
-14,635.00
-5,784.00
-414.01
-49.10
EPS, diluted
-61,294.00
21,265.00
-14,635.00
-5,784.00
-414.01
-49.10
Shares, basic (weighted)
0.01
0.01
0.01
0.01
0.08
0.62
Shares, diluted (weighted)
0.01
0.01
0.01
0.01
0.08
0.62
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
23
160
61.1
2.12
1.57
12.8
Receivables
0
0
0.88
0
Other current assets
4.51
9.43
10.2
8.51
1.67
9.32
Total current assets
27.6
170
76.3
10.7
4.53
22.3
Property, plant and equipment
2.32
4.83
4.02
3.25
2.18
0.95
Lease right-of-use assets
0.32
7.6
6.44
5.35
0.35
7.69
Intangible assets
0.31
0.35
0.34
0.34
0.25
0.2
Other non-current assets
2.74
3.07
4.71
0.6
2.64
9.2
Total assets
36.3
186
92.4
20.6
9.95
40.3
Accounts payable
1.86
1.91
2.24
2.81
5.6
4.08
Accrued liabilities
3.06
9.79
8.03
4.75
3.01
2.27
Deferred revenue
1.91
0
1.65
0
0.35
4.06
Total current liabilities
7.31
38.9
43.2
11.1
15
16.1
Lease liabilities
0.07
7.28
6.13
4.86
0.33
6.99
Other non-current liabilities
0.05
0.48
0.47
0.49
0.52
0
Total liabilities
326
53.9
53.8
17.5
17.8
23.2
Paid-in capital
39.9
341
343
376
400
456
Retained earnings
-329
-209
-304
-373
-408
-439
Shareholders' equity
-289
132
38.6
3.19
-7.81
17.1
Total equity
-289
132
38.6
3.19
-7.81
17.1
Total liabilities and equity
36.3
186
92.4
20.6
9.95
40.3
Shares outstanding
0
0.01
0.01
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-43
121
-95.4
-68.9
-34.9
-30.5
Depreciation and amortization
0.6
1
1
0.8
0.8
1.2
Stock-based compensation
2.77
18.5
11.6
8.48
6.49
3.27
Change in receivables
0
-0.88
0.88
Change in payables
-1
1.56
0.37
0.45
2.79
0.13
Cash from operations
-32.5
-86.7
-87.9
-61.8
-16.6
-23.3
Capital expenditures
-1.5
-2.97
-0.58
-0.09
0
-0.01
Cash from investing
-1.6
-3.09
-0.73
-0.02
0.09
-0.01
Stock issued
0
128
0
19
15.7
22.6
Share buybacks
0
-40
0
-10
0
Cash from financing
44.7
227
-9.51
1.92
15.6
34.6
Net change in cash
10.5
137
-98.1
-59.9
-0.92
11.3
Free cash flow
-34
-89.7
-88.5
-61.9
-16.6
-23.3
Interest paid
0.35
2.5
2.44
0.98
0.11
0.1
Income taxes paid
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.23 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
63.6%
Gross profit / revenue.
Operating margin
-832.0%
Operating income / revenue.
EBITDA margin
-805.9%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-927.7%
Net income / revenue.
Operating cash flow margin
-801.0%
Cash from operations / revenue.
Return on equity (ROE)
-31.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-27.5%
Net income / average total assets.
Return on invested capital (ROIC)
-378.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
351.2%
Research and development expense / revenue.
SG&A / revenue
544.3%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
45.9%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
26.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-47.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
54.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
24.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-45.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
59.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 3y
-23.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
305.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-24.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
2.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
638.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
357.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
162.4%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
13.7x
Current assets / current liabilities.
Quick ratio
13.1x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
13.0x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.32
Revenue / diluted weighted shares.
Operating cash flow per share
-$2.59
Cash from operations / diluted weighted shares.
Book value per share
$9.61
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
24.2x
Market cap / revenue.
P/B
0.81x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.81x
Market cap / tangible book value, when positive.
Earnings yield
-38.3%
Net income / market cap (the inverse of P/E).
What was Momentus Inc.'s revenue in fiscal 2025?
Momentus Inc. reported revenue of $1.1M for fiscal 2025, 47.5% lower than the year before.
Was Momentus Inc. profitable in fiscal 2025?
No. It reported a net loss of $30.5M.
How much free cash flow did Momentus Inc. generate in fiscal 2025?
Cash from operations of $23.3M minus capital expenditures of $12.0K left free cash flow of -$23.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.