Momentus Inc. (MNTS) Income Statement
MNTS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMNTS revenue and net income
Where MNTS's revenue goes
2025Each bar shows an amount and its share of revenue. MNTS kept −2,755.4% of revenue as net income.
MNTS profit margins
MNTS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −47.5% | +54.8% | +24.9% | — |
| Gross profit | −1,351.6% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MNTS quarterly EPS vs estimates
Momentus beat the analyst EPS estimate in 1 of the last 3 quarters. Next report: November 18, 2026 (estimate $-0.36).
MNTS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $2.1M | $3.1M | $299,000 | $330,000 | $365,000 | $0 | $0 |
| Cost of revenue | $1.5M | $2.1M | $855,000 | $26,000 | −$135,000 | $368,000 | — | — |
| Gross profit | −$413,000 | $32,999 | $2.2M | $273,000 | $465,000 | −$3,000 | — | — |
| Research & development | $9.2M | $9.8M | $34.4M | $41.7M | $51.3M | $22.7M | $9.8M | $2.5M |
| Sales, general & admin | $19.2M | $21.9M | $40.5M | $49.8M | $48.9M | $11.9M | $236,085 | — |
| Total operating expenses | $26.8M | $29.7M | $70.4M | $91.5M | $100.2M | $34.7M | $236,085 | $3.7M |
| Operating income | −$27.3M | −$29.7M | −$68.2M | −$91.3M | −$99.8M | −$34.7M | −$236,080 | −$3.7M |
| Interest income | $57,000 | $25,000 | $1.6M | $522,000 | $2,000 | $7,000 | — | — |
| Interest expense | $677,000 | $395,000 | $2.3M | $5.3M | $14.2M | $470,000 | $0 | $0 |
| Income before taxes | −$30.5M | −$34.9M | −$68.9M | −$95.4M | $120.7M | −$307.0M | $109,926 | −$6.2M |
| Income taxes | — | — | −$2.0M | $4.2M | $2,000 | $1,000 | $47,567 | $800 |
| Net income | −$30.6M | −$34.9M | −$68.9M | −$95.4M | $120.7M | −$307.0M | $62,359 | −$6.2M |
| EBITDA | −$28.3M | −$32.5M | −$68.2M | −$87.9M | $136.0M | −$306.0M | $313,429 | −$3.7M |
| EPS (diluted) | −$49.10 | −$224.30 | −$31.47 | −$1.13 | −$0.01 | $8.08 | $0.11 | — |
| Gross margin | −37.2% | 1.6% | 72.3% | 91.3% | 140.9% | −0.8% | — | — |
| Operating margin | −2,455.4% | −1,404.1% | −2,206.9% | −30,526.8% | −30,230.6% | −9,497.5% | — | — |
| Net margin | −2,755.4% | −1,653.1% | −2,231.1% | −31,921.1% | 36,561.8% | −84,117.0% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25,000 | $3.2M | $363,000 | $234,000 | $191,000 | $322,000 | $285,000 | $107,000 | $1.0M | $1.0M | $1.0M | $339,000 |
| Cost of revenue | $0 | $2.1M | $486,000 | $349,000 | $292,000 | $383,000 | $0 | $572,000 | $853,000 | $348,000 | $348,000 | $119,000 |
| Gross profit | $25,000 | $1.1M | $363,000 | $234,000 | −$101,000 | −$61,000 | $285,000 | −$465,000 | $170,000 | $675,000 | $675,000 | $220,000 |
| Research & development | $4.2M | $4.2M | $2.8M | $2.3M | $2.2M | $1.9M | $2.1M | $2.2M | $8.0M | $8.0M | $8.0M | $6.0M |
| Sales, general & admin | $3.9M | $6.3M | $6.5M | $4.2M | $3.9M | $4.6M | $5.0M | $5.4M | $10.3M | $6.2M | $6.5M | $9.3M |
| Total operating expenses | $8.1M | $9.8M | $9.2M | $6.5M | $5.8M | $6.1M | $7.1M | $7.1M | $14.0M | $14.5M | $14.9M | $15.3M |
| Operating income | −$8.1M | −$8.7M | −$8.9M | −$6.2M | −$5.9M | −$6.2M | −$6.8M | −$7.6M | −$13.8M | −$13.8M | −$13.8M | −$15.1M |
| Interest income | $308,000 | $114,000 | $51,000 | $0 | $2,000 | $160,000 | $1,000 | $2,000 | $4,000 | $18,000 | $97,000 | $216,000 |
| Interest expense | $116,000 | $586,000 | $565,000 | $177,000 | $91,000 | $295,000 | $295,000 | $43,000 | $155,000 | $155,000 | $155,000 | $530,000 |
| Income before taxes | −$8.3M | −$9.5M | −$6.8M | −$11.1M | −$6.5M | −$6.2M | −$11.9M | −$7.8M | −$14.1M | −$14.1M | −$14.1M | −$15.2M |
| Income taxes | — | — | — | — | — | — | — | −$501,000 | −$45,000 | −$45,000 | — | −$490,000 |
| Net income | −$8.3M | −$9.5M | −$6.8M | −$11.1M | −$6.5M | −$6.2M | −$11.9M | −$7.8M | −$14.1M | −$14.1M | −$14.1M | −$15.2M |
| EBITDA | −$7.9M | −$8.2M | −$5.9M | −$10.6M | −$6.1M | −$5.8M | — | −$7.2M | −$13.4M | −$13.4M | — | −$14.1M |
| EPS (diluted) | −$0.70 | — | — | −$1.08 | −$1.23 | −$1.64 | — | −$0.45 | −$0.42 | −$0.66 | −$23.83 | −$7.20 |
| Gross margin | 100.0% | 34.0% | 100.0% | 100.0% | −52.9% | −18.9% | 100.0% | −434.6% | 16.6% | 66.0% | 66.0% | 64.9% |
| Operating margin | −32,420.0% | −270.4% | −2,446.3% | −2,669.2% | −3,112.0% | −1,920.8% | −2,385.6% | −7,096.3% | −1,353.4% | −1,353.4% | −1,353.4% | −4,444.2% |
| Net margin | −33,076.0% | −294.9% | −1,865.6% | −4,732.5% | −3,377.0% | −1,916.8% | −4,161.1% | −7,250.5% | −1,378.4% | −1,378.4% | −1,378.4% | −4,471.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MNTS's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MNTS financial results
In fiscal year 2025 (ended December 31, 2025), Momentus reported revenue of $1.1 million, down 47.5% from the year before. It had a net loss of $30.6 million, a net profit margin of −2,755.4%. Diluted earnings per share came to −$49.10. Over five years revenue grew at an average rate of 24.9% a year.
See the MNTS stock overview for the latest quote and news, or the MNTS chart for price history and technical indicators.
MNTS income statement FAQ
What is Momentus's annual revenue?
Momentus reported total revenue of $1.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 47.5% from $2.1 million the previous year.
Is Momentus profitable?
No. Momentus reported a net loss of $30.6 million in fiscal 2025, a net profit margin of −2,755.4%; its operating margin was −2,455.4%.
What is Momentus's gross margin?
Momentus's gross margin was −37.2% in fiscal 2025: for every $100 of revenue, Momentus kept $-37 after the direct cost of its products and services.
How much does Momentus spend on research and development?
Momentus spent $9.2 million on research and development in fiscal 2025, 827.9% of revenue.
How fast is Momentus growing?
Revenue grew 24.9% a year on average over the last five fiscal years, from $0.4 million to $1.1 million.
What are Momentus's earnings per share?
Momentus earned $-49.10 per diluted share in fiscal 2025, compared with $-224.30 a year earlier.
When will Momentus report its next earnings?
Momentus is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does Momentus's fiscal year end?
Momentus's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.