Space Exploration Technologies Corp. logo SPCX - Space Exploration Technologies Corp.

Price: -- -- | PRICE TARGET: $177.50 DETAILS
HIGH: $190.00
LOW: $165.00
MEDIAN: $177.50
CONSENSUS: $177.50
DOWNSIDE: 4.05%
Annual Quarterly
Metric 2025 2024 2023
Revenue
Revenue 18,674 14,015 10,387
Cost of Revenue 9,451 7,996 6,110
Gross Profit 9,223 6,019 4,277
Operating Expenses
R&D Expenses 8,643 3,464 2,105
SG&A Expenses 2,644 1,813 1,665
Other Expenses 525 276 4,012
Operating Expenses 11,812 5,553 7,782
Operating Income
Operating Income (2,589) 466 (3,505)
Interest Expense 1,945 1,580 1,693
Interest Income 492 371 249
Profitability
EBITDA 4,289 3,305 (828)
EBIT (2,412) (519) (3,463)
Income Before Tax (4,219) 242 (4,991)
Income Tax Expense 718 (549) (363)
Net Income (4,937) 791 (4,628)
Per Share Data
EPS (Basic) -1.69 0.01 -1.68
EPS (Diluted) -1.69 0.00 -1.68
Shares Outstanding 2,926 2,848 2,759
Metric 2025 2024
Current Assets
Cash & Cash Equivalents 24,747 11,385
Short-Term Investments 0 800
Net Receivables 1,579 1,052
Inventory 2,416 2,003
Other Current Assets 2,210 868
Total Current Assets 30,952 16,108
Non-Current Assets
Property, Plant & Equipment 43,862 22,833
Goodwill 11,809 11,129
Intangible Assets 1,548 2,211
Long-Term Investments 0 0
Other Non-Current Assets 3,767 4,085
Total Non-Current Assets 61,127 40,954
Total Assets 92,079 57,062
Current Liabilities
Account Payables 11,792 4,413
Short-Term Debt 928 372
Deferred Revenue 6,111 5,498
Other Current Liabilities 0 0
Total Current Liabilities 21,400 11,791
Non-Current Liabilities
Long-Term Debt 21,968 13,421
Deferred Tax Liabilities 0 0
Other Non-Current Liabilities 1,381 1,365
Total Non-Current Liabilities 29,354 19,467
Total Liabilities 50,754 31,258
Stockholders' Equity
Common Stock 4 3
Retained Earnings (37,035) (32,098)
Accumulated Other Comprehensive Income 1,898 1,093
Total Stockholders' Equity 41,325 25,804
Total Liabilities & Equity 92,079 57,062
Debt Metrics
Total Debt 22,896 13,793
Net Debt (1,851) 2,408
Metric 2025 2024 2023
Operating Activities
Net Income (4,937) 791 (4,628)
Depreciation & Amortization 6,701 3,824 2,635
Stock-Based Compensation 1,947 784 679
Change in Working Capital 2,089 1,673 2,006
Other Non-Cash Items 359 (621) 4,237
Operating Cash Flow 6,785 5,776 4,520
Investing Activities
Capital Expenditure (20,737) (11,163) (4,415)
Acquisitions 0 0 0
Purchases of Investments (611) (3,542) (3,535)
Sales/Maturities of Investments 2,005 3,905 3,064
Other Investing Activities (232) 4 19
Investing Cash Flow (19,575) (10,796) (4,867)
Financing Activities
Net Debt Issuance 8,902 (231) (112)
Stock Repurchased (1,125) (1,021) (170)
Dividends Paid 0 0 0
Other Financing Activities (562) (243) (211)
Financing Cash Flow 26,350 11,830 422
Cash Position
Net Change in Cash 13,623 6,811 73
Cash at Beginning 11,501 4,690 4,617
Cash at End 25,124 11,501 4,690
Free Cash Flow (13,952) (5,387) 105
Key Metrics 2025 2024 2023
Income Statement
Revenue 18,674 14,015 10,387
Gross Profit 9,223 6,019 4,277
Operating Income (2,589) 466 (3,505)
Net Income (4,937) 791 (4,628)
EPS (Diluted) -1.69 0.00 -1.68
Balance Sheet
Cash & Equivalents 24,747 11,385
Total Assets 92,079 57,062
Total Debt 22,896 13,793
Stockholders' Equity 41,325 25,804
Cash Flow
Operating Cash Flow 6,785 5,776 4,520
Capital Expenditure (20,737) (11,163) (4,415)
Free Cash Flow (13,952) (5,387) 105