York Space Systems Q2 FY26 net loss widens 62% to $(39.34) million; revenue rises 10% to $92.55 million
YSS•Backlog and contract wins
Backlog slipped 8% from March 31 to $592 million; potential on awarded contracts totaled $1.85 billion, with an identified pipeline above $11.5 billion.
Year-to-date contract wins reached eight at an 88% win rate; the second T1TL launch added 21 satellites, taking the record to 42-for-42.
Q2 revenue rises while net loss widens
York Space Systems posted Q2 revenue up 10% to $92.55 million; GAAP net loss widened 62% to $39.34 million.
GAAP gross profit more than doubled to $22.18 million; gross margin rose 13 percentage points to 24%.
2026 outlook cut
2026 revenue outlook was cut to $375 million-$405 million due to the removal of new-business revenue tied to a shift in government acquisition methods.
