Overview
- York posted $105 million in Q4 revenue with a $1.4 million adjusted EBITDA loss versus a $3.5 million loss expected.
- Full-year 2025 revenue rose 52% to $386 million as gross profit climbed to $75 million and net loss narrowed to $84.5 million.
- The company projects 2026 revenue of $545 million to $595 million and says over 70% of the midpoint is covered by backlog, which stood at $543 million at year-end.
- Execution included delivery of 21 PWSA satellites and 100-plus NASA BARD demonstrations, a $187 million M-CLASS commercial constellation award, and the acquisition of Orbion Space Technology to strengthen propulsion supply.
- Shares trade near $18, roughly half the January IPO price, while eight of 10 analysts rate YSS a Buy with an average $38 target.