York Space Systems posts Q3 net loss on goodwill impairment, narrows FY revenue outlook
YSS•York Space Systems reported Q3 revenue of $84.17 million, down 7% year over year, and a net loss after recording a $749.7 million non-cash goodwill impairment charge. It narrowed its 2026 revenue outlook to $380 million-$400 million and said its government-opportunity pipeline reached $14.9 billion.
1. Quarterly results
York Space Systems’ Q3 revenue fell 7% year over year to $84.17 million, with lower contract activity driving declines in revenue and gross profit. The company recorded a $749.7 million non-cash goodwill impairment charge, citing difficulty estimating the timing and amount of future contract awards beyond 2026.
2. Outlook and leadership
York narrowed its 2026 revenue guidance to $380 million-$400 million. It said its pipeline of government opportunities was $14.9 billion, up $3 billion since June, and that a shift to newer programs is benefiting contribution margins. The company appointed interim CFO Brian Frantz as permanent CFO.
