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MNTS

Momentus Inc.

MNTS

Momentus Inc. • NASDAQ
$0.69 ▲ 2.04% (+0.01)
Market Cap $6.47 M
52w High $11.70
52w Low $0.54
Dividend Yield 0%
P/E -0.11
Volume 232.35K
Outstanding Shares 9.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $6.48M ▲ $-11.074M ▼ 0% ▲ $-1.08 ▲ $-6.246M ▼
Q2-2025 $191K ▼ $6.133M ▼ $-6.45M ▼ -3.377K% ▼ $-1.23 ▼ $-6.16M ▼
Q1-2025 $322K ▲ $6.507M ▼ $-6.172M ▲ -1.917K% ▲ $-0.41 ▲ $-5.802M ▲
Q4-2024 $285K ▲ $7.084M ▼ $-11.859M ▼ -4.161K% ▲ $-0.79 ▼ $-11.068M ▼
Q3-2024 $107K $7.634M $-7.758M -7.25K% $-0.45 $-7.209M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $670K ▲ $19.601M ▲ $20.295M ▲ $-694K ▲
Q2-2025 $132K ▼ $9.192M ▼ $19.163M ▲ $-9.971M ▼
Q1-2025 $3.398M ▲ $11.727M ▲ $17.699M ▼ $-5.972M ▲
Q4-2024 $1.572M ▲ $9.952M ▼ $17.762M ▼ $-7.81M ▼
Q3-2024 $798K $14.105M $19.509M $-5.404M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-11.074M ▼ $-5.323M ▼ $0 $5.861M ▲ $538K ▲ $-5.323M ▼
Q2-2025 $-6.45M ▼ $-3.247M ▲ $0 $-19K ▼ $-3.266M ▼ $-3.247M ▲
Q1-2025 $-6.172M ▲ $-4.175M ▲ $0 $6.001M ▼ $1.826M ▲ $-4.175M ▲
Q4-2024 $-11.859M ▼ $-5.737M ▼ $0 ▼ $6.011M ▲ $274K ▲ $-5.737M ▼
Q3-2024 $-7.758M $-4.5M $134K $4.387M $21K $-4.501M

Revenue by Products

Product Q3-2023Q4-2023Q2-2024Q3-2024
Transportation Services
Transportation Services
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Momentus is still essentially a pre‑revenue company: it has not generated meaningful sales over the past several years and has relied on investor capital to fund operations. The income statement shows recurring operating losses each year, though the scale of those losses has narrowed somewhat recently. Reported earnings per share have swung sharply, but that’s mainly a result of big changes in share count and reverse splits, not a sign of suddenly improved or stable profitability. Overall, the business model has yet to prove it can turn its technology and missions into recurring, profitable revenue.

Balance Sheet

Balance Sheet The balance sheet is very light, with a small asset base and little cash compared with the company’s needs. Debt is not huge in absolute terms, but it matters more given how small the company is and how thin its equity cushion has become. Shareholders’ equity flipping between positive and negative levels suggests financial fragility, where obligations are pressing relative to resources. Multiple large reverse stock splits over a short period hint at sustained pressure on the share price and a dependence on equity markets for survival. This is not a fortress balance sheet; it looks more like a company that must regularly secure new financing to keep going.

Cash Flow

Cash Flow Momentus consistently burns cash in its day‑to‑day operations, with no offsetting inflows from customer activity yet. Free cash flow has been negative for years, even though capital spending on physical assets appears modest; most of the outflow is tied to R&D, engineering, and overhead rather than factories or equipment. This pattern means the company’s cash runway is finite and heavily tied to its ability to raise new capital. Until there is clear, recurring revenue from missions and services, cash flow risk remains high and the business is structurally reliant on outside funding.

Competitive Edge

Competitive Edge On the strategic side, Momentus sits in an emerging niche: in‑space transportation and "last‑mile" delivery for satellites. Its water‑based microwave electrothermal thruster is a distinctive technology that could offer a useful mix of performance, cost, and safety. The Vigoride service vehicle and hosted payload offerings also give it a broader solution set than a simple space tug. However, the company operates in a crowded and quickly professionalizing field, with several rivals that are better capitalized or have a more consistent mission track record. Momentus has some early flight heritage and innovative tech, but its competitive position will depend heavily on flawless execution, reliability, and the ability to scale despite financial constraints.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of the story. The water‑plasma propulsion system, tape‑spring solar arrays, and modular satellite bus all point to a company trying to lower costs and simplify access to space for smaller customers. The roadmap toward larger vehicles, extended orbits, reusability, and in‑orbit servicing is ambitious and, if realized, could position Momentus as a key infrastructure provider in the space economy. The flip side is that many of these projects are long‑dated, technically demanding, and capital intensive. With limited financial resources and no recurring revenue base, there is a real execution risk: the company must keep funding this R&D long enough to turn prototypes and demo missions into dependable, paying services.

Summary

Momentus is a classic high‑risk, early‑stage space company: technologically interesting, but financially fragile. The core propulsion and in‑space infrastructure concepts are differentiated and reasonably well thought‑out, and the company has begun to build a mission track record. At the same time, there is still no meaningful revenue, ongoing operating losses, negative cash flow, and a reliance on capital markets that is visible in the repeated reverse stock splits. The investment case hinges on whether the team can convert its engineering lead into reliable services, secure substantial commercial and government contracts, and stabilize its finances before funding options tighten. This is less a mature aerospace contractor and more an R&D‑heavy venture still trying to prove that its business model can scale and sustain itself.

NEWS

November 7, 2025 · 5:00 PM UTC

Momentus Grants Inducement Awards to Two New Employees

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October 30, 2025 · 8:30 AM UTC

Momentus Signs New Contract for Partnership with DPhi Space to Fly Edge Computing Payload on Next Mission and for Future Revenue Sharing

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October 14, 2025 · 11:47 AM UTC

Momentus Announces a Warrant Inducement Transaction for $7.0 Million in Gross Proceeds

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October 13, 2025 · 5:20 PM UTC

Momentus Signs $15 Million Global Agreement with Solstar Space

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October 9, 2025 · 8:30 AM UTC

Momentus Awarded Contract from NASA to Test Groundbreaking Thruster In Space

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