Sidus Space reports 68% loss increase to $29.5M, records $4.5M satellite impairment

Filed April 1, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 31, 2025 · ~1 min read

Key Changes

• high

  Net loss increased 68% to $3,383,878 in FY2025 from $3,383,878 in FY2024, driven by 28% revenue decline to $3.4M, gross margin deterioration to -168%, and $4.5M impairment charge on LizzieSat-1.

  MD&A: Financial Results verify on EDGAR →
• high

  Management reversed prior-year conclusion, now stating disclosure controls and internal controls over financial reporting are ineffective as of December 31, 2025, with remediation underway.

  Controls and Procedures verify on EDGAR →
• high

  Company raised $53M across four public offerings (July-December 2025), increasing cash to $43.2M from $15.7M, but operating cash burn rose to $18.2M from $15.8M.

  MD&A: Liquidity verify on EDGAR →