olivLaw · US equity research
Sidus Space, Inc. SIDU
Radiotelephone Communications · SIC 4812 · Vertical: Radiotelephone Communications (SIC 4812)
Sidus Space is a space and defense technology company headquartered on Florida's Space Coast that designs and builds satellites, offers AI computing for orbit and mission operations services. The company is moving from technology development to commercialization after strengthening its balance sheet through two share offerings in 2026, ending the second quarter with a cash position of 166.5 million USD. Revenue remains small and losses persistent, so the timing depends on converting contracts into recurring revenue.
At the close of 04 Nov 2026, Sidus Space, Inc. (SIDU) stock was 1.04 USD (−0.95% on the day), with market capitalisation 18.7 m USD, beta 2.25, 52-week range 0.63–6.20 USD. Latest reported quarter (Q2 2026): revenue of 583.1 k USD (−53.8% YoY), net income of -4.8 m USD, diluted EPS -0.06 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 23.4
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.90 – 1.51
- in the lower half of the band · %B 0.23 · band width 50.2%
- SMA 50 / 200
- 1.69 / 2.64
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.19 / -0.20
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −40.6% | −1.1% | −39.5 pp | — |
| 3 months | −49.8% | −0.5% | −49.3 pp | — |
| 6 months | −68.2% | +4.4% | −72.6 pp | — |
| Year to date | −66.9% | +12.3% | −79.2 pp | — |
| 1 year | −2.8% | +13.5% | −16.3 pp | +6.6% |
| 3 years | −88.8% | +76.4% | −165.2 pp | +29.1% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9 m | 826.0 k | 238.5 k | 1.3 m | 1.3 m | 586.3 k | 359.4 k | 583.1 k |
| Cost of revenue | 1.8 m | 1.6 m | 1.9 m | 2.3 m | 2.6 m | 2.3 m | 1.4 m | 1.2 m |
| Gross profit | 38.2 k | -750.1 k | -1.6 m | -1.0 m | -1.3 m | -1.7 m | -1.1 m | -629.7 k |
| SG&A | 3.2 m | 4.3 m | 4.4 m | 4.3 m | 4.3 m | 9.3 m | 4.4 m | 5.1 m |
| Operating income | -3.2 m | -5.1 m | -6.1 m | -5.3 m | -5.6 m | -11.0 m | -5.5 m | -5.7 m |
| Depreciation & amortisation | 636.4 k ≈ | 677.4 k | 934.7 k | 1.1 m ≈ | 1.2 m ≈ | 1.1 m | 611.6 k | 608.0 k ≈ |
| Interest expense | 642.4 k | 324.2 k | 75.4 k | 2.5 k | 1.1 k | 111.1 k | 879 | 879 |
| Pre-tax income | -3.9 m | -5.7 m | -6.4 m | -5.6 m | -6.0 m | -11.4 m | -5.2 m | -4.8 m |
| Net income | -3.9 m | -5.7 m | -6.4 m | -5.6 m | -6.0 m | -11.4 m | -5.2 m | -4.8 m |
| Diluted EPS | -0.93 | -0.68 ≈ | -0.35 | -0.31 | -0.24 | -0.31 ≈ | -0.08 | -0.06 |
| Operating cash flow | -2.7 m ≈ | -5.5 m | -3.2 m | -4.6 m ≈ | -6.2 m ≈ | -4.1 m | -5.6 m | -3.5 m ≈ |
| Capex | 1.0 m ≈ | 2.4 m | 3.0 m | 1.4 m ≈ | 1.4 m ≈ | 2.4 m | 3.7 m | 3.6 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 1.8 m | 1.4 m | 7.3 m | 6.0 m | 4.7 m | 3.4 m |
| Revenue YoY | unavailable | −22.0% | +417.7% | −18.2% | −21.6% | −27.6% |
| Net income | -1.5 m | -3.7 m | -12.8 m | -14.3 m | -17.5 m | -29.5 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.34 | -74.80 | -23.44 | -3.60 | -1.19 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -85.4% | -265.9% | -176.0% | -240.3% | -375.0% | -871.0% |
| Free cash flow | -1.6 m | -2.7 m | -14.2 m | -19.0 m | -23.3 m | -26.3 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- unavailable USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 50.6 m USD
- Total assets
- 66.1 m USD
- Debt / equity
- unavailable
- Current ratio
- 3.37x
- ROE
- -79.5%
- ROA
- -56.8%
- FCF margin
- -778.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.8 m | 1.4 m | 7.3 m | 6.0 m | 4.7 m | 3.4 m | SEC (XBRL)· 01 Apr 2026verified |
| Cost of revenue | 1.8 m | 1.8 m | 5.9 m | 4.3 m | 6.1 m | 9.1 m | SEC (XBRL)· 01 Apr 2026verified |
| Gross profit | 20.8 k | -366.6 k | 1.4 m | 1.6 m | -1.5 m | -5.7 m | SEC (XBRL)· 01 Apr 2026verified |
| SG&A | — | — | 13.5 m | 14.2 m | 14.2 m | 22.3 m | SEC (XBRL)· 01 Apr 2026verified |
| Operating income | -1.5 m | -3.5 m | -12.0 m | -12.5 m | -15.7 m | -28.0 m | SEC (XBRL)· 01 Apr 2026verified |
| Depreciation & amortisation | 466.8 k | 395.0 k | 319.9 k | 217.1 k | 2.2 m | 4.4 m | SEC (XBRL)· 01 Apr 2026verified |
| EBITDA | -1.1 m ≈ | -3.1 m ≈ | -11.7 m ≈ | -12.3 m ≈ | -13.5 m ≈ | -23.6 m ≈ | SEC (XBRL)· 01 Apr 2026derived |
| Interest expense | 18.3 k | 42.9 k | 781.4 k | 747.4 k | 1.3 m | 90.1 k | SEC (XBRL)· 01 Apr 2026verified |
| Pre-tax income | -1.5 m | -3.7 m | -12.8 m | -14.3 m | -17.5 m | -29.5 m | SEC (XBRL)· 01 Apr 2026verified |
| Income tax | — | — | — | — | 0 | 0 | SEC (XBRL)· 01 Apr 2026verified |
| Net income | -1.5 m | -3.7 m | -12.8 m | -14.3 m | -17.5 m | -29.5 m | SEC (XBRL)· 01 Apr 2026verified |
| Diluted EPS | — | -0.34 | -74.80 | -23.44 | -3.60 | -1.19 | SEC (XBRL)· 01 Apr 2026verified |
| Weighted average diluted shares | — | — | 171.7 k | 620.0 k | 4.9 m | 24.7 m | SEC (XBRL)· 01 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 20.2 k | 13.7 m | — | — | — | — | SEC (XBRL)· 05 Apr 2022verified |
| Receivables | 166.5 k | 130.9 k | 850.3 k | — | — | — | SEC (XBRL)· 15 Mar 2023verified |
| Inventories | 205.9 k | 127.5 k | 583.4 k | 858.6 k | 255.7 k | — | SEC (XBRL)· 31 Mar 2025verified |
| Current assets | 582.6 k | 16.0 m | 7.4 m | 9.2 m | 22.3 m | 50.7 m | SEC (XBRL)· 01 Apr 2026verified |
| Property, plant & equipment, net | 952.2 k | 775.1 k | 2.6 m | 9.6 m | 14.9 m | 14.2 m | SEC (XBRL)· 01 Apr 2026verified |
| Intangibles (excl. goodwill) | — | — | — | 398.1 k | 398.1 k | 398.1 k | SEC (XBRL)· 01 Apr 2026verified |
| Total assets | 1.8 m | 17.3 m | 10.3 m | 19.4 m | 37.7 m | 66.1 m | SEC (XBRL)· 01 Apr 2026verified |
| Accounts payable | — | 534.7 k | 1.5 m | 4.7 m | 2.1 m | 3.9 m | SEC (XBRL)· 01 Apr 2026verified |
| Current liabilities | 8.1 m | 3.8 m | 6.4 m | 12.2 m | 14.2 m | 15.0 m | SEC (XBRL)· 01 Apr 2026verified |
| Total liabilities | 8.4 m | 6.6 m | 6.4 m | 12.2 m | 14.2 m | 15.5 m | SEC (XBRL)· 01 Apr 2026verified |
| Equity | -6.6 m † | 10.7 m † | 3.9 m † | 7.1 m † | 23.5 m † | 50.6 m † | SEC (XBRL)· 01 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -1.6 m | -2.5 m | -12.1 m | -11.7 m | -15.8 m | -18.2 m | SEC (XBRL)· 01 Apr 2026verified |
| Capex | 4.5 k | 217.8 k | 2.1 m | 7.2 m | 7.5 m | 8.2 m | SEC (XBRL)· 01 Apr 2026verified |
| Free cash flow | -1.6 m ≈ | -2.7 m ≈ | -14.2 m ≈ | -19.0 m ≈ | -23.3 m ≈ | -26.3 m ≈ | SEC (XBRL)· 01 Apr 2026derived |
| Investing cash flow | -4.5 k | -217.8 k | -2.1 m | -7.7 m | -7.5 m | -8.2 m | SEC (XBRL)· 01 Apr 2026verified |
| Financing cash flow | 1.6 m | 16.4 m | 2.8 m | 18.4 m | 37.8 m | 53.8 m | SEC (XBRL)· 01 Apr 2026verified |
| Dividends paid | — | — | — | 19.6 k | — | — | SEC (XBRL)· 27 Mar 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 18.7 m USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -970.3% | 0 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -22.6% | 0 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -244.0x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 33.3x | 100 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -163.4% | 0 (on a fixed band) | 25% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SIDUS SPACE, INC. (SIDU). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 3.4 m USD in 2025; YoY growth -27.6%; net margin -970.3%; ROE -27.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 33.3x
What contradicts it
- Net margin: -970.3%
- Revenue CAGR 3Y: -22.6%
- Interest coverage: -244.0x
- FCF yield: -163.4%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Radiotelephone Communications (SIC 4812) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CHTChunghwa Telecom Co., Ltd. | 380.0 bn | 326.5 | 9.4% | 16.2% | −3.8% | +17% / +29% |
| TMUST-Mobile Us, Inc. | 168.6 bn | 15.4 | 19.4% | 12.0% | +8.5% | −24% / +6% |
| VEONVEON Ltd. | 146.1 bn | 263.4 | 48.5% | 13.4% | +9.9% | +48% / +294% |
| TIGOMillicom International Cellular SA | 13.0 bn | 9.8 | 36.2% | 22.6% | +0.3% | +45% / +357% |
| KYIVKyivstar Group Ltd. | 3.1 bn | 23.9 | 10.4% | 10.7% | +25.9% | −4% / unavailable |
| ADArray Digital Infrastructure, Inc. | 2.9 bn | 5.4 | 18.3% | 250.8% | +58.3% | −32% / −27% |
| IHSIHS Holding Ltd | 2.8 bn | 20.2 | — | 9.1% | +3.6% | +19% / +82% |
| SPOKSpok Holdings, Inc. | 252.6 m | 13.6 | 12.8% | 13.9% | +1.5% | −9% / −28% |
| SIDUSidus Space, Inc. | 18.7 m | — | -27.0% | -970.3% | −27.6% | −3% / −89% |
| CHAICore Ai Holdings, Inc. | 3.6 m | — | -1,196.1% | -57.2% | +58.6% | −93% / −100% |
| SKMSK Telecom Co., Ltd. | — | — | 10.8% | 7.0% | +1.9% | +55% / +39% |
| TUTelus Corp | — | — | 7.1% | 5.4% | +0.6% | −30% / −49% |
| VODVodafone Group Public Ltd Co | — | — | -7.4% | -11.1% | +2.0% | +31% / +80% |
1- and 3-year price returns: for SIDU from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Sidus Space is a space and defense technology company headquartered on Florida's Space Coast that designs and builds satellites, offers AI computing for orbit and mission operations services. The company is moving from technology development to commercialization after strengthening its balance sheet through two share offerings in 2026, ending the second quarter with a cash position of 166.5 million USD 3. Revenue remains small and losses persistent, so the timing depends on converting contracts into recurring revenue.
SWOT
Strengths
- Vertical integration of design, manufacturing, computing and mission operations within one organization, with quality certifications for space and defense production.
- Balance sheet strengthened through 2026 share offerings and no outstanding term bank debt, giving room to execute in the near term.
- Patent portfolio and contracts with government and defense agencies, including a large-ceiling IDIQ award.
Weaknesses
- Small and volatile revenue, with large net losses and negative gross margins in the periods reviewed.
- Short operating history makes it difficult to assess the ability to execute production at scale and planned launches.
- Dependence on a limited number of suppliers for space-grade components and on third parties for launches.
Opportunities
- Commercialization of AI computing products and the Fortis VPX platform could produce more predictable recurring revenue than project contracts.
- Government and defense demand for SOSA-aligned hardware and space services could grow if programs advance as planned.
- Partnerships with satellite operators and data companies could open access to new customers in Europe and other regions.
Threats
- A delayed or failed launch could damage the company's reputation and mission revenue.
- Competition from larger and better-funded space and defense companies could reduce market share.
- The need for additional funding could lead to further share issuances diluting shareholders if results do not improve.
Risks
- Persistent net losseshigh
The company has not reached profitability, and operating expenses could rise before revenue offsets its investments.
- Dependence on launcheshigh
Mission success depends on successful launches, and launch failures could lead to total loss of customer payloads.
- Dilution from share issuancesmedium
Additional funding could be raised through new share issuances, which could reduce the stake of existing shareholders.
- Contract timingmedium
Revenue is tied to milestones and customer acceptance, and delays could move revenue outside expected periods.
- Supplier dependencelow
Space-grade components come from a limited number of sources, which could affect production if disruptions occur.
Investment thesis
What would need to be true (bull case)
- If AI computing products and modular platforms reach commercialization, revenue could become more predictable and less dependent on one-off projects.
- The strengthened balance sheet could allow the company to execute its programs without issuing additional capital in the near term.
- Contracts with government and defense agencies could provide a stable revenue base if programs advance on schedule.
What would break the thesis
- Revenue declined in 2025 and in the second quarter of 2026, and if the trend persists, losses could remain high for longer.
- The company could need additional funding, which could reduce per-share value for existing shareholders.
- Competition from companies with far greater resources could limit the company's ability to win major contracts.
What to watch
- Quarterly revenue trajectory and whether growth resumes after the second quarter 2026 declineQ3 2026
- Execution of the Lonestar contract and the Pathfinder mission on LizzieSat2027
- Development of operating expenses and net loss against the commercialization plannext 10-K
- Any further share issuances and the level of available cashQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Sidus Space describes its activity as the vertical integration of satellite design, manufacturing, computing and AI technology, mission operations and space-based data solutions 1. The company operates a modular satellite platform called LizzieSat, with three launches between 2024 and March 2025, and develops computing products such as the Orlaith AI Ecosystem and the Fortis VPX family 1. Revenue comes from satellite platform sales, payload hosting, engineering services, defense hardware manufacturing and, emerging, subscriptions to space-derived data and analytics 1.
The business model relies on fixed-price or milestone-based contracts, so revenue timing can fluctuate between periods 1. The company presents itself as transitioning from technology development to commercialization, and in 2026 the focus is on turning its technical and financial base into recurring commercial and government revenue 3.
Net losses are significant, and operating expenses are expected to rise as the company moves toward production-level manufacturing and more frequent launches 1. Capital markets financing remains central to the strategy, and 2026 data show this channel was used heavily 3.
Segments
Satellite platforms and missions
The LizzieSat platform, with configurations from 100 kg to 800 kg, includes variants for low Earth, geostationary and lunar orbits, and the Lonestar lunar satellite manufacturing contract was extended to a total value of 120 million USD 1. Revenue here is most sensitive to launch timing and milestone deliveries.
AI computing and defense hardware
The FeatherEdge, Cielo and Fortis VPX products target on-board data processing and defense applications, built to SOSA and MOSA architectures 1. In 2026 the company added the Fortis VPX Maxima platform, integrated on its next LizzieSat spacecraft 3.
Manufacturing and engineering services
Manufacturing covers precision machining, additive manufacturing and assembly under ISO 9001 and AS9100 certifications, and a ten-year IDIQ contract with an Army depot covers cable and mechanical assembly fabrication 1.
Market context
The company describes space as a growing economy, supported by falling launch costs, satellite technology advances and demand for space-based data and analytics 1. The small satellite market is however capital-intensive, with long development cycles and regulatory dependencies 1. The company's market estimates rest on internal and third-party sources and may prove incorrect 1.
In 2026, a shift toward higher defense and intelligence budgets could support demand for dual-use hardware, in line with the company's description of rising demand 13. The timing of government contracts nonetheless remains unpredictable.
Trends
- Shift from development to commercializationmixed
The company has said it is moving from technology development to production and commercial revenue, which could reduce the weight of research spending if revenue grows.
- Demand for dual-use hardwaretailwind
Demand for SOSA-aligned hardware usable in both civil and military markets has grown according to the company, which could support revenue from computing products.
- Launch and contract timingheadwind
Revenue depends on launches and milestone achievement, and delays can shift revenue recognition between periods, as seen in the decline in 2025 and in the second quarter of 2026 13.
- Access to capital and dilutionmixed
The 2026 share offerings strengthened the balance sheet but increased shares outstanding, which could reduce per-share value for existing shareholders if further financing becomes necessary 13.
Competitive position
Sidus competes with commercial space companies such as Spire, BlackSky, Hawkeye 360, Satellogic, Iceye, Loft Orbital, York Space Systems, Apex and K2Space, as well as larger aerospace and defense contractors 1. The company's stated advantage is its vertical integration and ability to rapidly integrate customer technologies 1.
Differentiation depends on executing the integrated model in practice, and without comparable revenue and margin figures, the advantage remains largely as asserted by the company 1.
- Spire GlobalSPIR
Space-based data and analytics provider, named by the company among commercial competitors in orbital data.
- BlackSkyBKSY
Near real-time geospatial intelligence company, cited in the space data competitor group.
- Satellogic
Earth observation satellite operator, named among the company's commercial competitors.
- York Space Systems
Satellite and space platform manufacturer, cited among satellite manufacturing competitors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report29 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report09 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report06 Oct 2026Departure or appointment of officers
- Current report29 Sept 2026Departure or appointment of officers
- Current report14 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report13 Aug 2026
- Current report24 Jul 2026Departure or appointment of officers · Other events · Financial statements and exhibits
- Current report21 Jul 2026Regulation FD disclosure · Financial statements and exhibits
- Current report22 Jun 2026Shareholder vote
- Current report28 May 2026Material agreement · Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Sidus Space, Inc. · 01 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Sidus Space, Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Sidus Space, Inc. · 14 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.