Momentus Inc. (MNTS) AI Stock Analysis
MNTS AI stock analysis summary
AI ResearchMomentus Inc. (MNTS) provides commercial in-space infrastructure services, including in-space transportation and satellite payload hosting. The company generated $3.8M in trailing twelve-month revenue but continues to incur substantial operating losses, including an operating margin of -2455.4% in FY2025. It ended the quarter on June 30, 2026, with $99.7M in net cash and a current ratio of 13.70.
- Market cap
- $57.3M
- Revenue (TTM)
- $3.8M
- P/E
- —
- 1Y return
- -89.3% S&P 500 16.8%
- Avg. target
- $8.00 206.5% vs last close
Bull case
- Momentus maintains a solid liquidity reserve with $107.6M in cash and short-term investments against just $7.9M in total debt as of June 30, 2026.
- The single analyst following the company targets a price of $8.00, representing a 206.5% premium to the last closing price of $2.61.
- Analyst estimates model revenue growth of 42.2% for the next fiscal year to reach $12.0M.
Bear case
- The stock has shed 89.3% over the past 12 months and 100.0% over the trailing 5-year period.
- Momentus generated negative free cash flow of -$23.3M in FY2025, driven by ongoing net losses of -$30.6M.
- Dilution has been severe, with the 5-year share count expanding by 3235.3%.
What Momentus does
Momentus Inc., based in San Jose, California, operates as a commercial space enterprise specializing in in-space infrastructure services. The company develops capabilities such as in-space transportation, hosted payloads, and in-orbit services for the satellite operator community. Its offerings aim to assist satellite operators with deployment, servicing, and repositioning of satellites to enhance mission efficiency, satellite longevity, and space-based data transmission. Momentus works to expand its space-based infrastructure platform through partnerships and collaborations across the aerospace sector.
Growth and profitability
Momentus saw annual revenue expand from $330,000 in FY2021 to a peak of $3.1M in FY2023, before declining to $2.1M in FY2024 and $1.1M in FY2025. The company's 5-year revenue CAGR from FY2020 to FY2025 was 24.9%. Profitability remains deeply negative, with FY2025 net income of -$30.6M, an operating margin of -2455.4%, and a gross margin of -37.2%. For the trailing twelve months ended June 30, 2026, revenue was $3.8M, accompanied by an operating margin of -32420.0% and an EPS of -$4.86, while quarterly revenue fell 86.9% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Momentus held $107.6M in cash and short-term investments against $7.9M in total debt, leaving net cash of $99.7M. Total assets were $129.5M, supporting shareholders' equity of $114.3M, a current ratio of 13.70, and a debt-to-equity ratio of 0.07. In FY2025, operating cash flow was -$23.3M and free cash flow was -$23.3M. Cash usage included capital expenditures of $12,000 and share buybacks of $1,000, while the share count rose 3235.3% over five years.
Valuation and performance
With a market capitalization of $57.3M and an enterprise value of -$6.8M, Momentus trades at a price-to-sales multiple of 14.9x. This represents a significant premium to the median of its US-listed Industrials peers, which stands at 1.5x, while its price-to-book ratio is 0.8x. Over the past year, the stock dropped 89.3%, underperforming the S&P 500 (SPY) return of 16.8%. The stock also trades 57.0% below its 200-day moving average.
What analysts expect
Wall Street coverage includes 1 StrongBuy rating, 0 Buy, 0 Hold, 0 Sell, and 0 StrongSell ratings. The mean price target is $8.00, which is 206.5% above the last close of $2.61. For the current fiscal year ending December 31, 2026, consensus estimates anticipate revenue of $8.4M and an EPS of -$3.57. For the next fiscal year, projected revenue is $12.0M with an EPS of -$1.55. Momentus beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 18, 2026.
Key risks and what to watch
- Quarterly revenue dropped 86.9% year-over-year in the period ending June 30, 2026, indicating ongoing top-line volatility.
- Operating margins stood at -2455.4% in FY2025, reflecting persistent structural losses relative to its revenue base.
- With a beta of 2.44, the stock exhibits substantially higher price volatility than the broader equity market.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this MNTS AI stock analysis
This page is an AI-written research summary of Momentus Inc. (MNTS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: MNTS income statement, MNTS balance sheet, MNTS key metrics, MNTS analyst forecast, MNTS chart. See the MNTS stock overview for the latest quote and news.
MNTS AI stock analysis FAQ
What does Momentus Inc. do?
Momentus Inc. is a commercial space company providing in-space transportation, hosted payload platforms, and in-orbit servicing for satellite operators.
Does Momentus Inc. pay a dividend?
No, Momentus Inc. does not pay a dividend.
How strong is Momentus Inc.'s balance sheet?
As of June 30, 2026, the company held $107.6M in cash and short-term investments and $7.9M in total debt, giving it net cash of $99.7M and a current ratio of 13.70.
What is the consensus analyst target for MNTS?
The sole analyst covering MNTS maintains a StrongBuy rating with a price target of $8.00, which is 206.5% above its closing price of $2.61 on October 16, 2026.