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York Space Systems Shares Rise as Loss Narrows, Revenue Jumps

Dow Jones03-20 18:59

 

By Connor Hart

 

Shares of York Space Systems climbed after the company narrowed its loss as revenue jumped last year, and the company said it is well positioned to capitalize on growing demand in the year ahead.

The stock rose 9.4%, to $19.35, in premarket trading Friday. The satellite developer had its public debut in January, selling 18.5 million shares at $34 each.

The Denver-based company late Thursday posted a narrowed net loss of $84.5 million, or 89 cents a share, in 2025. That compares with a net loss of $98.9 million, or $1.04 a share, a year earlier.

Revenue jumped 52% to $386.2 million, just ahead of the $383.5 million that analysts polled by FactSet expected.

"With a strong balance sheet further bolstered by our recent IPO, we believe we are well-positioned to scale as demand for our products and services continues to grow," finance chief Kevin Messerle said.

Looking ahead, York Space guided for revenue to come in between $545 million to $595 million in 2026. The company noted that 70% of the revenue is expected to come from its existing backlog, "giving us high confidence in achieving our goals, and the ability to focus on building our pipeline for beyond this year."

Analysts were looking for full-year revenue of $568.3 million.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

March 20, 2026 06:59 ET (10:59 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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