The quarterly results also highlighted ongoing on-orbit missions and a growing revenue base during Q1 2026.

Forward-looking statements warn that results may differ due to market conditions and other risk factors, with references to Sidus Space’s 2025 Form 10-K for risk factors.

Sidus Space reported a Q1 2026 net loss of $5.21 million, an improvement of $1.20 million (19%) from Q1 2025, with basic and diluted loss per share of $0.08.

Cost of revenue fell to $1.41 million, a 25% year-over-year reduction, producing a gross loss of $1.05 million versus $1.63 million in Q1 2025.

The lower cost of revenue contributed to the improved gross loss in the quarter.

Sidus Space highlighted major 2026 operational milestones, including LizzieSat-3 imagery delivery, expanded Lonestar Data Holdings partnership for a StarVault payload, and integration milestones with Maris-Tech for an AI-based edge computing payload on LizzieSat-4.

Additional milestones included an MOU with Simera Sense for AI-enabled hyperspectral imaging, finalization of the Fortis VPX platform for LizzieSat-4 and LizzieSat-5, and appointment of Kelle Wendling to the Board.

The company held $27.35 million in cash as of March 31, 2026, with no outstanding term debt.

A best-efforts registered direct offering completed on April 21, 2026, raised $58.5 million in gross proceeds.

In addition, a CFO transition was announced, with John Burke named Interim CFO effective June 1, 2026.

Sidus Space reported first quarter 2026 results with year-over-year revenue growth and improved gross margin driven by on-orbit execution and a progressing flight-ready technology portfolio.

Q1 2026 revenue reached $359,372 (including related party revenue), up 51% year over year, driven by new contracts with Lonestar Data Holdings and Teledyne Marine.