NYSE : YSS
York Space Systems, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 6.32 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 868.10M
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Financial statements
York Space Systems, Inc. (YSS) reported revenue of 405.00M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 405.00M | 386.20M | 253.53M | 238.10M |
| Cost of Revenue | 319.34M | 310.74M | 221.11M | 183.20M |
| Gross Profit | 85.66M | 75.46M | 32.42M | 54.90M |
| Selling, General & Admin | 140.59M | 115.65M | 103.78M | 90.82M |
| Research & Development | 20.12M | 18.36M | 20.44M | 6.97M |
| Operating Expenses | 256.30M | 134.01M | 124.22M | 97.79M |
| Operating Income | -170.64M | -58.55M | -91.80M | -42.89M |
| Interest Expense | -18.23M | -26.62M | -29.92M | -26.18M |
| Interest & Investment Income | 11.05M | 2.98M | 1.20M | 2.33M |
| Currency Exchange Gain (Loss) | -893.00K | 607.00K | -3.88M | |
| Other Non Operating Income (Expenses) | -2.84M | 656.00K | 285.00K | 1.23M |
| EBT Excluding Unusual Items | -181.55M | -80.93M | -124.12M | -65.51M |
| Merger & Restructuring Charges | -23.94M | -12.11M | -171.00K | -3.25M |
| Other Unusual Items | -2.20M | -2.20M | ||
| Pretax Income | -209.29M | -95.24M | -124.29M | -68.76M |
| Income Tax Expense | -6.53M | -10.70M | -25.38M | -39.11M |
| Net Income | -202.76M | -84.54M | -98.91M | -29.66M |
| Preferred Dividends & Other Adjustments | 61.46M | 542.00K | ||
| Net Income to Common | -264.21M | -85.08M | -98.91M | -29.66M |
| Shares Outstanding (Basic) | 108.62M | 95.14M | 95.14M | 94.82M |
| Shares Outstanding (Diluted) | 108.62M | 95.14M | 95.14M | 94.82M |
| EPS (Basic) | -2.43 | -0.89 | -1.04 | -0.31 |
| EPS (Diluted) | -2.43 | -0.89 | -1.04 | -0.31 |
| Free Cash Flow | -219.16M | -130.19M | 13.57M | -2.79M |
| Free Cash Flow Per Share | -2.02 | -1.37 | 0.14 | -0.03 |
| Gross Margin | 21.15% | 19.54% | 12.79% | 23.06% |
| Operating Margin | -42.13% | -15.16% | -36.21% | -18.01% |
| Profit Margin | -65.24% | -22.03% | -39.01% | -12.46% |
| Free Cash Flow Margin | -54.11% | -33.71% | 5.35% | -1.17% |
| EBITDA | -113.57M | -8.21M | -43.72M | 1.51M |
| EBITDA Margin | -28.04% | -2.13% | -17.25% | 0.63% |
| D&A For EBITDA | 57.07M | 50.34M | 48.07M | 44.40M |
| EBIT | -170.64M | -58.55M | -91.80M | -42.89M |
| EBIT Margin | -42.13% | -15.16% | -36.21% | -18.01% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 534.00M | 162.57M | 104.66M | 81.15M |
| Cash & Short-Term Investments | 534.00M | 162.57M | 104.66M | 81.15M |
| Accounts Receivable | 170.77M | 88.35M | 23.69M | 75.58M |
| Other Receivables | 177.00K | |||
| Receivables | 170.77M | 93.73M | 23.87M | 75.58M |
| Inventory | 41.79M | 18.75M | 34.60M | 23.27M |
| Prepaid Expenses | 20.99M | 25.34M | 51.35M | 42.93M |
| Other Current Assets | 4.30M | 7.41M | 12.78M | 18.31M |
| Total Current Assets | 771.85M | 307.81M | 227.26M | 241.25M |
| Property, Plant & Equipment | 86.52M | 70.98M | 56.72M | 52.86M |
| Goodwill | 793.52M | 674.26M | 610.83M | 610.87M |
| Other Intangible Assets | 412.83M | 407.93M | 424.00M | 459.50M |
| Other Long-Term Assets | 5.51M | 14.41M | 1.46M | 1.43M |
| Total Assets | 2.07B | 1.48B | 1.32B | 1.37B |
| Accounts Payable | 110.02M | 30.96M | 29.46M | 21.96M |
| Accrued Expenses | 2.12M | 5.72M | 7.66M | |
| Current Portion of Long-Term Debt | 5.62M | 3.75M | ||
| Current Portion of Leases | 3.94M | 3.26M | 2.57M | 2.01M |
| Current Income Taxes Payable | 831.00K | 672.00K | 7.64M | |
| Current Unearned Revenue | 18.16M | 110.28M | 165.64M | 93.42M |
| Other Current Liabilities | 6.10M | 40.31M | 22.14M | 31.95M |
| Total Current Liabilities | 144.67M | 191.35M | 225.54M | 164.64M |
| Long-Term Debt | 141.42M | 144.96M | 197.03M | 197.48M |
| Long-Term Leases | 26.33M | 23.16M | 20.52M | 22.17M |
| Long-Term Deferred Tax Liabilities | 6.08M | 6.10M | 19.96M | 38.41M |
| Other Long-Term Liabilities | 5.91M | 98.87M | 10.89M | 7.53M |
| Total Liabilities | 324.41M | 464.45M | 473.93M | 430.23M |
| Common Stock | 13.00K | 1.14B | 963.21M | 970.62M |
| Retained Earnings | -423.21M | -269.02M | -184.49M | -85.57M |
| Comprehensive Income & Other | 864.00K | 936.00K | -810.00K | -374.00K |
| Total Common Equity | 1.75B | 867.82M | 777.92M | 884.67M |
| Shareholders' Equity | 1.75B | 1.01B | 846.33M | 935.68M |
| Total Liabilities & Equity | 2.07B | 1.48B | 1.32B | 1.37B |
| Total Debt | 177.32M | 175.13M | 220.12M | 221.66M |
| Net Cash (Debt) | 356.68M | -12.56M | -115.47M | -140.51M |
| Net Cash Per Share | 3.28 | -0.13 | -1.21 | -1.48 |
| Filing Date Shares Outstanding | 137.36M | 127.61M | 1.08B | 94.82M |
| Total Common Shares Outstanding | 129.31M | 50.00M | 1.08B | 94.82M |
| Working Capital | 627.18M | 116.45M | 1.72M | 76.61M |
| Book Value Per Share | 13.50 | 17.36 | 0.72 | 0.82 |
| Tangible Book Value | 539.46M | -214.36M | -256.91M | -185.70M |
| Tangible Book Value Per Share | 4.17 | -4.29 | -0.24 | -0.17 |
| Machinery | 38.31M | 32.72M | 20.93M | 18.42M |
| Construction In Progress | 13.24M | 12.56M | 5.10M | 2.46M |
| Leasehold Improvements | 22.37M | 17.42M | 16.39M | 12.11M |
| Order Backlog | 542.56M | 861.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -202.76M | -84.54M | -98.91M | -29.66M |
| Depreciation & Amortization | 57.07M | 50.34M | 48.07M | 44.40M |
| Other Amortization | 5.71M | 6.63M | 6.54M | 7.46M |
| Loss (Gain) From Sale of Investments | 844.00K | -750.00K | ||
| Other Operating Activities | 8.19M | -3.05M | -14.92M | -53.26M |
| Change in Accounts Receivable | -94.74M | -63.40M | 51.71M | -5.04M |
| Change in Inventory | -21.43M | 9.75M | -11.46M | -17.09M |
| Change in Accounts Payable | 22.24M | 3.22M | 13.39M | 16.48M |
| Change in Unearned Revenue | -79.36M | -56.40M | 72.30M | 61.28M |
| Change in Income Taxes | 858.00K | 709.00K | -7.84M | 7.06M |
| Change in Other Net Operating Assets | -354.00K | 16.15M | -27.28M | -15.92M |
| Operating Cash Flow | -208.15M | -121.33M | 31.61M | 15.70M |
| Capital Expenditures | -11.01M | -8.86M | -18.05M | -18.50M |
| Cash Acquisitions | -26.25M | -1.10M | -44.36M | |
| Investment in Securities | -11.46M | -10.30M | ||
| Other Investing Activities | 2.50M | -5.00M | ||
| Investing Cash Flow | -46.22M | -25.26M | -18.05M | -62.85M |
| Long-Term Debt Issued | 48.85M | |||
| Long-Term Debt Repaid | -203.79M | |||
| Net Debt Issued (Repaid) | -230.67M | -203.79M | 48.85M | |
| Other Financing Activities | 379.89M | 383.08M | ||
| Financing Cash Flow | 767.06M | 204.29M | 10.00M | 95.47M |
| Foreign Exchange Rate Adjustments | 93.00K | 213.00K | -59.00K | -130.00K |
| Net Cash Flow | 512.78M | 57.92M | 23.51M | 48.18M |
| Free Cash Flow | -219.16M | -130.19M | 13.57M | -2.79M |
| Free Cash Flow Margin | -54.11% | -33.71% | 5.35% | -1.17% |
| Free Cash Flow Per Share | -2.02 | -1.37 | 0.14 | -0.03 |
| Levered Free Cash Flow | -65.14M | 58.33M | ||
| Unlevered Free Cash Flow | -49.38M | 76.26M | ||
| Cash Interest Paid | 25.65M | 26.05M | 27.09M | 25.10M |
| Cash Income Tax Paid | -2.70M | 50.00K | 4.51M | |
| Change in Working Capital | -172.78M | -89.96M | 90.83M | 46.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 822.77M | |||
| Enterprise Value | 466.09M | |||
| Debt / Equity Ratio | 0.10 | 0.17 | 0.26 | 0.24 |
| Debt / EBITDA Ratio | 237.95 | 26.55 | ||
| Debt / FCF Ratio | 16.23 | |||
| Net Debt / Equity Ratio | -0.20 | 0.01 | 0.14 | 0.15 |
| Net Debt / EBITDA Ratio | 3.14 | -1.53 | -2.64 | 93.24 |
| Net Debt / FCF Ratio | 1.63 | -0.10 | 8.51 | -50.27 |
| Asset Turnover | 0.28 | 0.19 | ||
| Inventory Turnover | 11.65 | 7.64 | ||
| Quick Ratio | 4.87 | 1.31 | 0.57 | 0.95 |
| Current Ratio | 5.33 | 1.61 | 1.01 | 1.47 |
| Return on Equity (ROE) | -9.10% | -11.10% | ||
| Return on Assets (ROA) | -2.62% | -4.27% | ||
| Return on Capital Employed (ROCE) | -8.90% | -4.60% | -8.40% | -3.60% |
| Buyback Yield / Dilution | -14.16% | -0.34% |