10-Q · May 13, 2026
Momentus Inc. reported a significant revenue increase for Q1 2026, with service revenue jumping to $3.2 million, an 898% rise from $0.3 million in Q1 2025, while net loss widened to $9.5 million due to increased…
Earnings analysis · 10-Q
MNTS earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q excerpt is limited to market-risk, controls, and other-information sections and does not include the income statement, balance sheet, cash-flow statement, segment data, or Q2 2026 operating results.…
Read full summary
The supplied 10-Q excerpt is limited to market-risk, controls, and other-information sections and does not include the income statement, balance sheet, cash-flow statement, segment data, or Q2 2026 operating results. Cash and cash equivalents were $107.6 million as of June 30, 2026, and management reported effective disclosure controls. Funding availability remains a material concern, while the filing does not provide new quantitative guidance or a specific risk-factor revision versus the March 31, 2026 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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$107.6M Cash Balance
Cash and cash equivalents were $107.6 million as of June 30, 2026, primarily invested in highly liquid investments with remaining maturities of 3 months or less.
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Controls Remained Effective
Management concluded that disclosure controls were effective as of June 30, 2026, and reported no changes during the quarter that materially affected, or were reasonably likely to materially affect, internal control over financial reporting.
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Limited Interest-Rate Exposure
Interest-rate exposure appears limited: management stated that an immediate 10% change in interest rates would not materially affect the fair value of cash and cash equivalents.
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Minimal Currency Exposure
The company reported no material foreign-currency transactions for the 3 and 6 months ended June 30, 2026 and 2025.
What to watch
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Dependence on Funding Availability
The filing identifies risks to the availability of funding sources. Although cash and cash equivalents totaled $107.6 million at June 30, 2026, the supplied excerpt does not provide operating cash flow, liquidity runway, or future financing requirements.
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Market and Asset Risk Exposure
The company remains exposed to changes in interest rates, inflation, hazard events, and specific asset risks. The filing quantifies only the interest-rate sensitivity, stating that an immediate 10% rate change would not materially affect cash fair value.
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No Specific Risk Update Disclosed
No new or revised risk-factor language is provided in the extracted Item 1A section; it incorporates the risks from the most recent Form 10-K filed on March 31, 2026 and notes that additional unknown risks may also materially affect results.
Management's outlook
The supplied 10-Q text does not provide quantitative revenue or EPS guidance. No change to the previously reported $10 million 2026 revenue outlook is stated in the extracted filing.
Earlier filings 4
10-K · March 31, 2026
Momentus positions itself as a modular space-infrastructure provider focused on its Vigoride Orbital Service Vehicle, water‑plasma MET propulsion (stated at Technology Readiness Level 9 with “hundreds of successful…
10-K · June 6, 2024
Momentus (MNTS) reported a challenging year, concluding with $1M in revenue and a substantial net loss, resulting in a diluted EPS of -32.2. The company continues to develop its innovative satellite service offerings…
10-K · March 8, 2023
Momentus positions itself as a developer and operator of Orbital Service Vehicles (OSVs) offering last-mile satellite transportation and on-orbit services (hosted payloads, refueling, inspection, maintenance,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.