Sidus Space Q1 Revenue Jumps 51% and Generates $58.5 Million
Sidus Space’s Q1 2026 revenue rose 51% to $359,000 versus $238,000 in Q1 2025, while cost of revenue declined 25% to $1.4 million, driving a 36% improvement in gross loss. The company completed a $58.5 million direct offering and held $27.3 million in cash with no term debt.
1. Financial Performance Q1 2026
Sidus Space reported Q1 revenue of $359,000, up 51% from $238,000 in Q1 2025, while cost of revenue fell 25% to $1.4 million, leading to a 36% improvement in gross loss to $1.1 million. SG&A expenses remained at $4.4 million, adjusted EBITDA loss narrowed to $4.6 million from $4.7 million, and net loss improved 19% to $5.2 million.
2. Operational Milestones
The company delivered sub-5 meter resolution imagery from LizzieSat-3, advanced integration of AI-based payloads with Maris-Tech for LizzieSat-4, expanded its Lonestar Data Holdings agreement, signed an MOU on hyperspectral imaging with Simera Sense, finalized the Fortis VPX platform for next-generation spacecraft, and appointed senior executive Kelle Wendling to its board.
3. Financing and Corporate Updates
In April, Sidus Space generated $58.5 million gross from a best-efforts registered direct offering, boosting its cash balance to $27.3 million with no outstanding term debt. The company also announced a CFO transition effective June 1, with John Burke named interim CFO as the search for a permanent finance chief continues.