York Space Systems reported Q1 2026 revenue of $116.3 million, up 9% year-over-year. The company's last twelve months revenue grew 52% to $386.2 million.
However, the company posted a loss per share of $1.51, primarily due to non-recurring IPO-related charges. Aftermarket stock price rose 1.06% to $28.54.
Backlog increased 18% to $642.3 million. The company maintains its full-year 2026 revenue guidance of $545 million to $595 million, with 70% already secured.
CEO Dirk Hoke emphasized that strategic initiatives and recent acquisitions position the company for long-term growth despite quarterly challenges. CFO Kevin Messerle highlighted strong liquidity supporting strategic investments.
Management is addressing supply chain delays that may shift some Q2 revenue to the second half of the year, but overall guidance remains unchanged.
