SIDU Sidus Space Inc.
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Executive Summary
Sidus Space reported Q1 2026 revenue of $359,372, up 51% YoY from $238,494, and a net loss of $5.2M, improving 19% from a $6.4M loss in Q1 2025. The company also completed a $58.5M registered direct offering in April 2026, strengthening its liquidity, but announced a CFO transition effective June 1, 2026. The revenue growth is positive, but the company remains deeply unprofitable with a negative gross margin and a cash burn that consumed $15.8M in Q1 alone.
Key Financial Metrics
Actionable Insight
The 51% revenue growth and improved gross loss are positive signals, but the company is still burning cash rapidly and remains pre-profitability. The $58.5M April offering provides a cash runway, but the CFO departure adds uncertainty. Monitor the next quarter for revenue trajectory and cash burn rate to assess if the growth story is gaining traction.
Key Facts
- Q1 2026 revenue of $359,372, up 51% YoY from $238,494
- Net loss of $5.2M, improved 19% from $6.4M loss in Q1 2025
- Gross loss of $1.1M, improved 36% from $1.6M gross loss in Q1 2025
- Cash position of $27.3M as of March 31, 2026, down from $43.2M at year-end 2025
- Completed $58.5M gross proceeds registered direct offering on April 21, 2026
- CFO transition announced: current CFO departing June 1, 2026; John Burke appointed Interim CFO
- No outstanding term debt as of March 31, 2026; asset-based loan fully repaid in January 2026
- Operating cash flow used $5.6M in Q1 2026 vs $3.2M used in Q1 2025
Financial Impact
Revenue up 51% YoY to $359K; net loss improved 19% to $5.2M; cash burn of $15.8M in Q1
Risk Factors
- Continued negative gross margin (-292% in Q1 2026) indicates core business is still unprofitable
- Cash burn of $15.8M in Q1 suggests the $27.3M cash balance may only last ~2 quarters without the April offering
- CFO transition creates near-term execution risk
- Historical performance shows the stock has been highly volatile with negative average returns following prior reports
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023291 |
| Document: form8-k.htm | 0001493152-26-023291 |
| Document: 0001493152-26-023291-index-headers.html | 0001493152-26-023291 |
| Document: 0001493152-26-023291-index.html | 0001493152-26-023291 |
| Document: 0001493152-26-023291.txt | 0001493152-26-023291 |
| 8-K Data (Synthetic) | 0001493152-26-023291 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 15, 2026
4w ago
|
8-K
| $4.01 $5.12 | ▲ +27.68% | ▲ +26.72% | $3.77 (−5.99%) |
|
Apr 20, 2026
7w ago
|
424B5
| $3.75 $3.08 | ▲ +17.87% | ▲ +18.95% | $3.77 (−0.53%) |
|
Apr 20, 2026
7w ago
|
8-K
| $3.75 $3.08 | ▼ −17.87% | ▼ −18.95% | $3.77 (+0.53%) |
|
Apr 1, 2026
10w ago
|
8-K
| $2.10 $3.34 | ▼ −59.05% | ▼ −55.28% | $3.77 (−79.52%) |
US Market Status
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