YSS - York Space Systems, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$18.17
DETAILS
HIGH:
$45.00
LOW:
$11.00
MEDIAN:
$15.00
CONSENSUS:
$18.17
UPSIDE:
131.23%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 92.5 | 116.3 | 105.3 | 106.3 | 76.6 |
| Cost of Revenue | 70.4 | 94.2 | 84.3 | 81.7 | 61.0 |
| Gross Profit | 22.2 | 22.1 | 21.1 | 24.6 | 15.7 |
| Operating Expenses | |||||
| R&D Expenses | 5.8 | 5.3 | 4.6 | 4.4 | 5.0 |
| SG&A Expenses | 40.8 | 121.4 | 21.5 | 26.8 | 27.5 |
| Other Expenses | 16.9 | 0 | 0 | 0.0 | 0 |
| Operating Expenses | 63.5 | 126.7 | 26.1 | 31.2 | 32.5 |
| Operating Income | |||||
| Operating Income | (41.3) | (104.5) | (5.0) | (6.6) | (16.8) |
| Interest Expense | 2.9 | 2.9 | 5.2 | 7.1 | 7.4 |
| Interest Income | 4.2 | 4.6 | 1.9 | 0.5 | 0.3 |
| Profitability | |||||
| EBITDA | (36.2) | (96.0) | (4.3) | 6.1 | (7.4) |
| EBIT | (36.2) | (112.1) | (18.0) | (6.0) | (19.5) |
| Income Before Tax | (39.1) | (115.0) | (23.3) | (13.0) | (26.9) |
| Income Tax Expense | 0.3 | 0.1 | 5.2 | (1.3) | (1.6) |
| Net Income | (39.3) | (114.8) | (28.5) | (11.7) | (25.3) |
| Per Share Data | |||||
| EPS (Basic) | -0.31 | -1.38 | -0.17 | -0.12 | -0.21 |
| EPS (Diluted) | -0.31 | -1.38 | -0.17 | -0.12 | -0.21 |
| Shares Outstanding | 128.1 | 127.6 | 127.6 | 95.1 | 107.9 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 534 | 655.7 | 162.6 | 22.5 | 104.7 | 104.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 170.8 | 100.5 | 93.7 | 62.4 | 0 | 23.9 |
| Inventory | 41.8 | 34.2 | 18.7 | 22.8 | 0 | 34.6 |
| Other Current Assets | 25.3 | 16.2 | 0.8 | 9.9 | (104.7) | 0.1 |
| Total Current Assets | 771.8 | 806.6 | 301.1 | 144.7 | 0 | 214.6 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 86.5 | 78.7 | 71.0 | 64.5 | 0 | 56.7 |
| Goodwill | 793.5 | 737.4 | 674.3 | 674.7 | 0 | 610.8 |
| Intangible Assets | 412.8 | 414.9 | 407.9 | 418.1 | 0 | 424.0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5.5 | 11.5 | 21.1 | 9.8 | 0 | 164.5 |
| Total Non-Current Assets | 1,298.4 | 1,242.4 | 1,343.7 | 1,167.1 | 0 | 1,256.1 |
| Total Assets | 2,070.2 | 2,049.1 | 1,644.8 | 1,311.8 | 0 | 1,470.7 |
| Current Liabilities | ||||||
| Account Payables | 110.0 | 103.7 | 31.0 | 68.4 | 0 | 29.5 |
| Short-Term Debt | 9.6 | 4.7 | 7.0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 28.6 | 110.3 | 87.5 | 0 | 0 |
| Other Current Liabilities | 24.3 | 5.4 | 40.9 | 7.1 | 0 | 187.8 |
| Total Current Liabilities | 144.7 | 146.9 | 191.4 | 181.5 | 0 | 225.5 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 141.4 | 143.2 | 145.0 | 197.7 | 0 | 197.0 |
| Deferred Tax Liabilities | 6.1 | 5.7 | 175.5 | 2.6 | 0 | 0 |
| Other Non-Current Liabilities | 5.9 | 4.5 | 98.9 | 113.6 | (846.3) | 30.8 |
| Total Non-Current Liabilities | 179.7 | 179.8 | 442.5 | 336.1 | (846.3) | 248.4 |
| Total Liabilities | 324.4 | 326.7 | 633.9 | 517.6 | (846.3) | 473.9 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 1,135.9 | 0 | 0 | 963.2 |
| Retained Earnings | (423.2) | (383.9) | (269.0) | (240.5) | 0 | (184.5) |
| Accumulated Other Comprehensive Income | 0.9 | 0.8 | 0.9 | 0.3 | 777.9 | (0.8) |
| Total Stockholders' Equity | 1,745.8 | 1,722.4 | 1,010.9 | 0 | 846.3 | 846.3 |
| Total Liabilities & Equity | 2,070.2 | 2,049.1 | 1,644.8 | 517.6 | 0 | 1,320.3 |
| Debt Metrics | ||||||
| Total Debt | 177.3 | 178.4 | 175.1 | 223.2 | 0 | 220.1 |
| Net Debt | (356.7) | (477.3) | 12.6 | 200.7 | (104.7) | 115.5 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (39.3) | (114.8) | (28.5) | (20.1) | (11.7) | (25.3) |
| Depreciation & Amortization | 14.9 | 16.1 | 13.7 | 12.3 | 12.0 | 12.1 |
| Stock-Based Compensation | 0 | 0 | 0 | 1.2 | 0 | 0 |
| Change in Working Capital | (91.1) | (79.9) | 0 | 26.2 | (81.3) | 73.0 |
| Other Non-Cash Items | 13.1 | 94.7 | 14.8 | 1.1 | 2.7 | 2.2 |
| Operating Cash Flow | (102.2) | (84.5) | 0 | 11.6 | (79.5) | 67.5 |
| Investing Activities | ||||||
| Capital Expenditure | (1.3) | (2.1) | 0 | (3.0) | (1.2) | (4.3) |
| Acquisitions | (14.4) | (10.8) | 0 | (1.1) | 0 | 0 |
| Purchases of Investments | (3.0) | (3.1) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 5 | 0 | (2.5) | (2.5) | 0 |
| Investing Cash Flow | (18.7) | (11.1) | 0 | (6.6) | (3.7) | (4.3) |
| Financing Activities | ||||||
| Net Debt Issuance | (0.9) | (0.9) | 0 | (28.7) | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (0.9) | 588.7 | 0 | (3.7) | 0 | 0 |
| Cash Position | ||||||
| Net Change in Cash | (121.7) | 493.1 | 57.9 | 1.3 | (83.1) | 63.0 |
| Cash at Beginning | 655.7 | 162.6 | 104.7 | 21.2 | 104.7 | 41.6 |
| Cash at End | 534 | 655.7 | 162.6 | 22.5 | 21.6 | 104.7 |
| Free Cash Flow | (103.5) | (86.6) | 0 | 8.6 | (80.7) | 63.2 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q1 | 2024 Q4 | |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 92.5 | 116.3 | 105.3 | 106.3 | 76.6 | |
| Gross Profit | 22.2 | 22.1 | 21.1 | 24.6 | 15.7 | |
| Operating Income | (41.3) | (104.5) | (5.0) | (6.6) | (16.8) | |
| Net Income | (39.3) | (114.8) | (28.5) | (11.7) | (25.3) | |
| EPS (Diluted) | -0.31 | -1.38 | -0.17 | -0.12 | -0.21 | |
| Balance Sheet | ||||||
| Cash & Equivalents | 534 | 655.7 | 162.6 | 22.5 | 104.7 | 104.7 |
| Total Assets | 2,070.2 | 2,049.1 | 1,644.8 | 1,311.8 | 0 | 1,470.7 |
| Total Debt | 177.3 | 178.4 | 175.1 | 223.2 | 0 | 220.1 |
| Stockholders' Equity | 1,745.8 | 1,722.4 | 1,010.9 | 0 | 846.3 | 846.3 |
| Cash Flow | ||||||
| Operating Cash Flow | (102.2) | (84.5) | 0 | 11.6 | (79.5) | 67.5 |
| Capital Expenditure | (1.3) | (2.1) | 0 | (3.0) | (1.2) | (4.3) |
| Free Cash Flow | (103.5) | (86.6) | 0 | 8.6 | (80.7) | 63.2 |