Revenue growth remains highly inconsistent with a 27.58% year-over-year contraction, while negative gross margins of -168% indicate that direct production costs significantly exceed generated revenue.
| Sales/Revenue | 3.5M | 3.38M | 4.67M | 5.96M | 7.29M | 1.41M | 1.81M | 2.8M |
| Revenue Growth % | -9.23% | -27.58% | -21.64% | -18.24% | 417.73% | -22.05% | -35.42% | - |
| Cost of Goods Sold | 8.62M | 9.08M | 6.14M | 4.32M | 11.55M | 1.78M | 1.79M | 3.01M |
| COGS % of Revenue | - | 268.23% | 131.44% | 72.47% | 158.32% | 126.02% | 98.85% | 107.55% |
| Gross Profit | -5.11M | -5.69M | -1.47M | 1.64M | -4.25M | -366.57K | 20.77K | -211.26K |
| Gross Margin % | -145.92% | -168.23% | -31.44% | 27.53% | -58.32% | -26.02% | 1.15% | -7.55% |
| Gross Profit Growth % | - | -287.51% | -189.5% | 138.58% | -1060.42% | -1864.76% | 109.83% | - |
| Operating Expenses | 22.29M | 22.32M | 14.25M | 14.17M | 7.79M | 3.15M | 1.55M | 1.69M |
| OpEx % of Revenue | - | 659.47% | 304.96% | 237.58% | 106.82% | 223.39% | 85.99% | 60.54% |
| Selling, General & Admin | 22.29M | 22.32M | 14.25M | 14.17M | 7.79M | 3.11M | 1.51M | 1.69M |
| SG&A % of Revenue | - | 659.47% | 304.96% | 237.58% | 106.82% | 220.92% | 83.69% | 60.54% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 34.77K | 41.52K | 0 |
| Operating Income | -27.4M | -28.01M | -15.72M | -12.53M | -12.04M | -3.51M | -1.53M | -1.91M |
| Operating Margin % | -781.94% | -827.69% | -336.4% | -210.06% | -165.14% | -249.41% | -84.84% | -68.09% |
| Operating Income Growth % | - | -78.18% | -25.5% | -3.99% | -242.8% | -129.17% | 19.54% | - |
| EBITDA | -23.36M | -23.64M | -13.55M | -12.31M | -11.72M | -3.12M | -1.07M | -1.44M |
| EBITDA Margin % | -666.43% | -698.51% | -289.92% | -206.42% | -160.66% | -221.38% | -59% | -51.41% |
| EBITDA Growth % | -111.58% | -74.48% | -10.06% | -5.04% | -275.74% | -192.47% | 25.88% | - |
| D&A (Non-Cash Add-back) | 4.05M | 4.37M | 2.17M | 217.11K | 326.74K | 394.97K | 466.84K | 466.81K |
| EBIT | -29.51M | -29.38M | -15.68M | -13.58M | -12.06M | -3.65M | -1.52M | -1.89M |
| Net Interest Income | 255.65K | 80.19K | -1.27M | -747.42K | -781.38K | -865.93K | -18.27K | -36.25K |
| Interest Income | 278.64K | 170.33K | 39.02K | 0 | 0 | 97.03K | 0 | 0 |
| Interest Expense | 22.99K | 90.14K | 1.31M | 747.42K | 781.38K | 97.03K | 18.27K | 36.25K |
| Other Income/Expense | -866.36K | -1.47M | -1.81M | -1.8M | -795.67K | -232.61K | -9.77K | -23.31K |
| Pretax Income | -28.27M | -29.47M | -17.52M | -14.33M | -12.84M | -3.75M | -1.54M | -1.93M |
| Pretax Margin % | -806.65% | -871.02% | -375.04% | -240.3% | -176.05% | -265.92% | -85.38% | -68.93% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -28.27M | -29.47M | -17.52M | -14.33M | -12.84M | -3.75M | -1.54M | -1.93M |
| Net Margin % | -806.65% | -871.02% | -375.04% | -240.3% | -176.05% | -265.92% | -85.38% | -68.93% |
| Net Income Growth % | -40.46% | -68.19% | -22.3% | -11.59% | -242.75% | -142.8% | 20% | - |
| Net Income (Continuing) | -28.27M | -29.47M | -17.52M | -14.33M | -12.84M | -3.75M | -1.54M | -1.93M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.42 | -1.19 | -3.59 | -23.44 | -74.80 | -33.56 | -15.43 | -19.29 |
| EPS Growth % | 72.64% | 66.85% | 84.68% | 68.66% | -122.88% | -117.5% | 20.01% | - |
| EPS (Basic) | - | -1.19 | -3.59 | -23.44 | -74.80 | -33.56 | -15.43 | -19.29 |
| Diluted Shares Outstanding | 66.58M | 24.75M | 4.87M | 619.99K | 171.66K | 111.61K | 100K | 100K |
| Basic Shares Outstanding | 66.58M | 24.75M | 4.87M | 611.34K | 171.66K | 111.61K | 100K | 100K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Persistent negative unit economics
As reported in recent financial filings, Sidus Space experienced a 27.58% year-over-year revenue contraction, highlighting the difficulty in transitioning from legacy precision machining to a scalable space-as-a-service model while struggling to maintain consistent project-based revenue streams across its primary government and commercial contract portfolio.
The revenue profile appears increasingly lumpy and unpredictable, suggesting that the company is failing to replace legacy manufacturing volume with recurring space-based data services. This trend indicates that the current business model lacks the necessary scale to offset the inherent volatility of mission-based aerospace contracting.
Based on the latest quarterly data, the company reported a -168% gross margin, which underscores a fundamental inability to cover the direct costs of satellite development and launch, effectively meaning that every dollar of revenue generated currently requires more than two dollars in direct production expenditure.
This extreme margin profile suggests that the company is currently subsidizing its market entry rather than operating a sustainable commercial enterprise. Investors should monitor whether future payload occupancy can eventually drive unit costs down, though current figures provide little evidence of such an inflection.
According to historical income statements, Sidus Space continues to exhibit negative operating leverage, as SG&A expenses frequently exceed gross profit, resulting in persistent operating losses that have reached as high as $11 million in a single quarter during the most recent fiscal year.
The inability to scale operating income faster than gross profit suggests that the company's overhead structure is disproportionately large relative to its current revenue base. This indicates that the firm is trapped in a high-fixed-cost environment that requires significant, immediate revenue growth to achieve any semblance of operational efficiency.
As evidenced by the consistent reliance on equity-based financing to fund operations, the company's current financial trajectory suggests that the path to profitability remains highly speculative, with the risk of further dilution looming as long as the core business continues to burn cash at current rates.
Short-sellers would likely focus on the widening gap between revenue and operating costs, which suggests that the transition to a space-as-a-service model may be fundamentally flawed or under-capitalized. The lack of a clear path to positive unit economics warrants extreme caution regarding the company's long-term solvency.
Quick answers to the most common questions about buying SIDU stock.
For fiscal year 2025, Sidus Space, Inc. (SIDU) reported total revenue of $3.4M. This represents a 20.9% increase compared to $2.8M in 2019.
Sidus Space, Inc. (SIDU) reported a net loss of $29.5M for the fiscal year ending 2025.
Sidus Space, Inc. (SIDU) reported an operating income of $-28.0M, resulting in an operating profit margin of -827.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Sidus Space, Inc. (SIDU) generated $-5.7M in gross profit for the year, representing a gross profit margin of -168.2%. This demonstrates the company's core pricing power and production efficiency.