York Space Systems Inc. (YSS)
York Space Systems, Inc. operates as a space and defense prime providing a comprehensive suite of mission-critical solutions for national security, government and commercial customers in the United States. It provides space and defense primes with proprietary hardware and software capabilities designed to address customers’ requirements across the elements of the space ecosystem throughout the mission lifecycle. The company also engages in the design, production, integration, and operation of spacecraft to manage spacecraft and constellations. It offers S-CLASS, LX-CLASS, and M-CLASS spacecraft, which are satellite platforms to a range of space market needs. In addition, the company provides software that enables versatile integration of a variety of payloads for customers and supply chain commonalities across platforms, as well as software-enabled services. The company was formerly known as Yellowstone Midco Holdings II, LLC and changed its name to York Space Systems, Inc. in January 2026. York Space Systems, Inc. was founded in 2012 and is based in Greenwood Village, Colorado.
Sector: Guided Missiles & Space Vehicles & Parts
Industry: Aerospace & Defense
York Space Systems, Inc.
No splits on record
Nothing in YSS's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $386.2M | $253.53M | $238.1M |
| YoY Growth | 52.3% | 6.5% | - |
| Cost of Revenue | $310.74M | $221.11M | $183.2M |
| Gross Profit | $75.46M | $32.42M | $54.9M |
| Gross Margin | 19.5% | 12.8% | 23.1% |
| Research and Development | $18.36M | $20.44M | $6.97M |
| Selling, General, and Administrative | $115.65M | $103.95M | $94.07M |
| Other | $0 | $0 | $0 |
| Total Operating Expenses | $134.01M | $124.39M | $101.05M |
| Operating Income (EBIT) | -$58.55M | -$91.97M | -$46.14M |
| Operating Margin | -15.2% | -36.3% | -19.4% |
| Interest Expense | $26.62M | $29.92M | $26.18M |
| Interest Income | $2.98M | $1.2M | $2.33M |
| Other Income (Expense) | -$36.69M | -$32.32M | -$22.62M |
| Income Before Tax (EBT) | -$95.24M | -$124.29M | -$68.76M |
| Income Tax Expense | -$10.7M | -$25.38M | -$39.11M |
| Net Income | -$84.54M | -$98.91M | -$29.66M |
| Net Income Margin | -21.9% | -39.0% | -12.5% |
| Supplementary Data | |||
| EPS | -0.67 | -0.84 | -0.28 |
| Diluted EPS | -0.67 | -0.84 | -0.28 |
| Weighted Average OS | 127.61M | 107.89M | 107.53M |
| EBITDA | -$18.28M | -$46.29M | $1.81M |
| EBITDA Margin | -4.7% | -18.3% | 0.8% |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $162.57M | $104.66M | $81.15M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $162.57M | $104.66M | $81.15M |
| Accounts Receivable | $93.73M | $23.87M | $75.58M |
| Inventory | $18.75M | $34.6M | $23.27M |
| Other Current Assets | $750K | $118K | $18.31M |
| Total Current Assets | $301.15M | $214.6M | $241.25M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $70.98M | $56.72M | $52.86M |
| Goodwill | $674.26M | $610.83M | $610.87M |
| Intangible Assets | $407.93M | $424M | $459.5M |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $169.45M | $0 | $0 |
| Other Long-Term Assets | $21.08M | $164.53M | $1.43M |
| Total Long-Term Assets | $1.34B | $1.26B | $1.12B |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $1.64B | $1.47B | $1.37B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $30.96M | $29.46M | $21.96M |
| Short-Term Debt | $7.01M | $0 | $0 |
| Current Income Tax Payable | $672K | $0 | $7.64M |
| Current Unearned Revenue | $110.28M | $0 | $0 |
| Other Current Liabilities | $40.87M | $187.78M | $133M |
| Total Current Liabilities | $191.35M | $225.54M | $164.64M |
| Long-Term Liabilities | |||
| Long-Term Debt | $144.96M | $197.03M | $197.48M |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $175.54M | $0 | $0 |
| Other Long-Term Liabilities | $98.87M | $30.84M | $45.94M |
| Total Long-Term Liabilities | $442.54M | $248.4M | $265.59M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $633.89M | $473.93M | $430.23M |
| Stockholders' Equity | |||
| Preferred Stock | $143.12M | $68.41M | $51.01M |
| Common Stock | $1.14B | $963.21M | $970.62M |
| Retained Earnings | -$269.02M | -$184.49M | -$85.57M |
| Comprehensive Income & Other | $936K | -$810K | -$374K |
| Other Stockholders' Equity | $144.05M | $67.6M | $50.64M |
| Total Equity | $1.01B | $846.33M | $935.68M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.64B | $1.32B | $1.37B |
| Supplementary Data | |||
| Total Debt | $175.13M | $220.12M | $221.66M |
| Net Debt | $12.56M | $115.47M | $140.51M |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | -$84.54M | -$98.91M | -$29.66M |
| Depreciation & Amortization | $50.34M | $48.07M | $44.4M |
| Deferred Income Tax | -$9.63M | -$18.38M | -$54.38M |
| Stock-Based Compensation | $1.24M | $0 | $0 |
| Changes in Working Capital: | |||
| Accounts Receivable | -$63.4M | $51.71M | -$5.04M |
| Inventory | $9.75M | -$11.46M | -$17.09M |
| Accounts Payable | $3.22M | $13.39M | $16.48M |
| Other Working Capital | -$39.54M | $38.09M | $51.43M |
| Total Working Capital Change | -$89.96M | $91.73M | $45.77M |
| Other Non-Cash Items | $11.22M | $9.1M | $9.57M |
| Net Cash from Operating | -$121.33M | $31.61M | $15.7M |
| Investing Activities | |||
| Capital Expenditures | -$8.86M | -$18.05M | -$18.5M |
| Acquisitions | -$11.4M | $0 | -$44.36M |
| Purchases of Investments | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 |
| Other Investing Activities | -$5M | $0 | $0 |
| Net Cash from Investing | -$25.26M | -$18.05M | -$62.85M |
| Financing Activities | |||
| Debt Repaid | $56.41M | - | -$48.85M |
| Common Stock Issuance | $260.7M | $10M | $46.62M |
| Common Stock Repurchases | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 |
| Net Cash from Financing | $204.29M | $10M | $95.47M |
| Forex Effect | $213K | -$59K | -$130K |
| Net Change in Cash | $57.92M | $23.51M | $48.18M |
| Supplementary Data | |||
| Operating Cash Flow | -$121.33M | $31.61M | $15.7M |
| Capital Expenditure | -$8.86M | -$18.05M | -$18.5M |
| Free Cash Flow | -$130.19M | $13.57M | -$2.79M |
| Cash at Beginning | $104.66M | $81.15M | $32.97M |
| Cash at End | $162.57M | $104.66M | $81.15M |