Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Form 8-K

sec.gov
YSS The company reported increased revenue and gross profit but also a significantly larger net loss. While backlog is strong, the company is lowering its full-year revenue guidance due to shifts in government acquisition methods. The acquisition of ALL.SPACE and Solestial are noted as strategic moves.

8-K — York Space Systems Inc.

Accession: 0001628280-26-056704

Filed: 2026-08-13

Period: 2026-08-13

CIK: 0002086587

SIC: 3760 (GUIDED MISSILES & SPACE VEHICLES & PARTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — yss-20260813.htm (Primary)

EX-99.1 (pressreleaseq22026.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: yss-20260813.htm · Sequence: 1

yss-20260813

0002086587false00020865872026-08-132026-08-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 13, 2026

YORK SPACE SYSTEMS INC.

(Exact name of registrant as specified in its charter)

Delaware 001-43088 39-4190941

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer Identification No.)

6060 S Willow Drive 80111

Greenwood Village, CO

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (720) 537-2655

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

YSS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition.

On August 13, 2026, York Space Systems Inc., a Delaware corporation (the “Company”), issued a press release announcing the Company’s financial results for the fiscal quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 2.02.

The information furnished in this Item 2.02, including the press release incorporated into this Item 2.02, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press release dated August 13, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

YORK SPACE SYSTEMS INC.

Date: August 13, 2026

By: /s/ Kevin Messerle

Name: Kevin Messerle

Title: Chief Financial Officer

EX-99.1

EX-99.1

Filename: pressreleaseq22026.htm · Sequence: 2

Document

York Space Systems Reports Second Quarter 2026 Results

Significant Backlog Potential Growth on Eight Contract Wins at 88% Win Rate Year-to-Date

DENVER, CO—August 13, 2026 – York Space Systems Inc. (NYSE: YSS) (York) today announced financial results for the quarter ended June 30, 2026.

($ in thousands, except percentages) For the three months ended June 30,

2026 2025 % Change

Revenue $ 92,547  $ 83,839  10  %

Gross profit 22,180  9,526  133  %

Net loss (39,343) (24,234) 62  %

Adjusted EBITDA (non-GAAP) $ (9,503) $ (8,919) 7  %

($ in thousands, except percentages) For the six months ended June 30,

2026 2025 % Change

Revenue $ 208,890  $ 190,091  10 %

Gross profit 44,330  34,128  30 %

Net loss (154,185) (35,963) 329 %

Adjusted EBITDA (non-GAAP) $ (13,142) $ (3,465) 279 %

* See definition and reconciliation of Adjusted EBITDA to net loss under “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Measures.”

“York had another strong quarter of execution,” said Dirk Wallinger, CEO of York. “Through the first half of 2026, we’ve secured eight contract wins at an 88% win rate, a reflection of both the breadth of our capabilities and the confidence customers place in our performance on orbit. Our second T1TL launch added another 21 satellites into operation this quarter, and the newer programs we’re winning are structured to open the door to significantly larger follow-on opportunities in 2027. The ALL.SPACE acquisition extends our reach further into assured communications and the growing demand for unmanned systems driven by the changing character of conflict. With a backlog of $592 million and potential on awarded contracts reaching $1.85 billion, and an identified pipeline now exceeding $11.5 billion, the opportunity in front of us is substantial.

“Throughout 2026, and increasingly in Q2, we continued to observe a meaningful shift in how the U.S. government is acquiring spacecraft systems, moving away from a ‘rapid succession of larger RFPs’ to an IDIQ approach that is slow to start but often faster to accelerate Task Orders later. This approach has a longer cycle to award the IDIQs, but once IDIQs are awarded, Task Orders can be awarded in more rapid succession without the need for follow-on competitive award cycles,” Wallinger added.

Under this model, smaller initial awards to proven providers can serve as gateways to multi-billion-dollar operational programs that can be executed more quickly later given the contracts have already been awarded. York has been awarded six contracts under this new approach in 2026 alone, and the company believes they can be significant drivers of growth into 2027 as the follow-on programs advance.

Brian Frantz, interim CFO and CAO of York said, “Our newer programs are driving strong profitability improvements, and we continue to successfully win a large rate of the contracts available to us as we wait on the government to make progress against the larger programs in the budget. As a result, we are bringing down our full year 2026 revenue guidance. That said, the contracts we’ve secured this year under the new acquisition approach are the onboarding positions that we expect to convert to significantly larger operational programs, and we expect them to be meaningful drivers of growth in 2027 and beyond."

Second quarter 2026 Company Results

Revenue increased $8.7 million, or 10%, to $92.5 million. This increase was primarily driven by growth in York’s major government programs.

Gross Margin increased 13 percentage points to 24%; Gross Profit was $22.2 million, up from $9.5 million in the year-ago quarter. The improvement in gross margin is largely attributable to the rolling off of a negative EAC adjustment last year.

Backlog stood at $592.0 million on June 30, down 8% from $642.3 million on March 31, and up 9% from the start of the year.

Selected Second Quarter Highlights

•Year-to-date, York has secured eight contracts at an approximately 88% win rate across ten different mission areas.

•York expanded its national security customer base with four new contract awards in Q2, including three IDIQ vehicles, one of which has already generated two delivery orders.

•In July, York was awarded a Task Order contract on one of our highly selective IDIQs, to deliver military system capabilities built on commercial technologies. And in early August, York was awarded another Task Order for an on-orbit demonstration. This highlights the rapid conversion from IDIQ selection to multiple funded delivery order contracts in a matter of weeks.

•In July, York was selected by USSF for the NITE-STAR IDIQ, further extending York’s mission portfolio capabilities. The award positions York to compete for task orders integrating the company’s satellite platforms with the global ground network operated by ATLAS Space Operations, a wholly owned subsidiary of York.

•York became the first performer to complete its T1TL deliveries, launching a second dedicated Falcon 9 that put 21 York-built satellites on orbit and bringing York’s program record to 42-for-42, ahead of every other awardee.

•In July, York completed its acquisition of ALL.SPACE, a leader in assured communications terminals, extending York’s reach into adjacent markets and position the company to capture the accelerating demand for unmanned systems across domains. ALL.SPACE brings established contracts with the Army and Navy including a new Defense Innovation Unit contract and a $6M follow-on order from the Navy, both awarded in Q3.

•York’s Nemesis mission cleared its Delta Critical Design Review and remains on track for spacecraft delivery in Q4, extending York’s prime integration model into GEO in support of Space Domain Awareness missions and reinforces the company’s ability to prime, integrate, and deliver across orbital regimes.

•York completed its acquisition of Solestial, Inc., a leading provider of next-generation space solar technology. The acquisition secures domestic control of a critical element of York’s supply chain, currently controlled by China, reduces geopolitical exposure across the company’s manufacturing base, and positions York to leverage advanced solar capabilities as a differentiator in future spacecraft designs.

•York completed its initial Dragoon mission objectives in a matter of months, demonstrating York’s ability to deliver operationally relevant tactical communications at speed and scale.

Liquidity

As of June 30, 2026, our cash and cash equivalents were $534 million and availability under our Revolving Facility was $150 million, for total liquidity of $684 million.

Business outlook as of August 13, 2026

York Space Systems expects revenue for the full year 2026 to be in the range of $375 million to $405 million. The majority of the decrease in guidance is due to the removal of the new business revenue in 2026 given the shift in government acquisition methodologies.

We are working on a pipeline of government opportunities worth $11.5 billion, across 12 potential customers. This analysis considers the next two years, and we only included opportunities from potential customers we have spoken to directly.

Business outlook is based on information as of today, August 13, 2026, and may be impacted by factors outside York’s control. See “Forward Looking Statements.”

Conference Call

York will host a conference call to review its financial results for the fiscal quarter and full year 2025 and its outlook for the future and may disclose other material developments affecting its business and/or financial performance. Listeners may access the conference call live via audio webcast.

Thursday August 13, 2026

3:00 pm Mountain Time (5:00 pm Eastern Time)

Webcast: https://events.q4inc.com/attendee/324017794

York’s financial results release will be available after the close of market on August 13, 2026 on York’s website at http://ir.yorkspacesystems.com. An audio webcast replay of the conference call will be available for one year at http://ir.yorkspacesystems.com.

About York Space Systems

York Space Systems (NYSE: YSS) is a leading, U.S.-based national defense and commercial prime providing a comprehensive suite of mission-critical solutions for national security, government, and commercial customers. York is one of the only space and defense primes with proprietary hardware and software capabilities designed to address customers’ complex mission requirements across the critical elements of the entire space ecosystem throughout the mission lifecycle. York is purpose built to address evolving national security space challenges and to adapt to the ongoing shift in the U.S. government’s mission needs and procurement processes.

Forward-Looking Statements

This press release and the related conference call contain “forward-looking statements” within the meaning of, and we intend such forward-looking statements to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. In particular, statements about our 2026 outlook, future growth prospects, anticipated award times, pipeline, award opportunities, backlog, backlog opportunities, growth of market share, growth strategy, capabilities, the future health of our aircraft, expectations regarding government programs and actions, benefits expected from the acquisitions of Solestial Space Technology, Inc. and ALL.SPACE Holdings, Inc., the markets in which we operate, including growth of our various markets, potential new products and product innovation and our expectations, beliefs, plans, strategies, objectives, prospects, assumptions, or future events or performance contained in this press release and made during the related conference call, are forward-looking statements.

Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include: disruptions in U.S. government operations and funding and budgetary priorities of the U.S. government; limitations on investor insight into portions of our business due to our classified contracts with the U.S. government; our failure to establish and maintain important relationships with government agencies and prime contractors; the potential inability to realize our backlog; difficulties or disruptions in consummating future acquisitions and integrating the operations of acquired companies into our business, and in realizing the expected benefits of these transactions, including with respect to Solestial and ALL.SPACE; cost overruns on our contracts, including before final receipt of a contract; concentration of our customers and backlog, in particular our largest customer, the Space Development Agency; our failure to implement and maintain an effective system of internal control over financial reporting; fluctuation of our operating results; significant competition in the global space and satellite market; our failure to manage our growth effectively and our ability to achieve and maintain profitability; any failure of our spacecraft systems and related software to operate as intended, resulting in warranty claims for product failures, schedule delays or other problems with existing or new products; our revenue, results of operations and reputation may be negatively impacted if our products contain defects or fail to operate in the expected manner; our dependence on contracts entered into in the ordinary course of business and our dependence on major customers and vendors; the scarcity or

unavailability of critical components used to manufacture our products or used in our development programs; the emerging and shifting nature of the market for spacecraft platforms and satellite software and its failure to achieve the growth potential we expect; uncertain global macro-economic and political conditions, including the implementation of tariffs and supply chain risks; a failure of our information technology systems, physical or electronic security protections; the failure to adequately protect our proprietary intellectual property rights; the inability to comply with any of our contracts or meet eligibility requirements to obtain certain government contracts; government laws and regulations, particularly those relating to contracting in the defense industry; our substantial indebtedness; and the other factors set forth in our filings with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release and the related conference call. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this press release, whether as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures

We believe that in addition to our results determined in accordance with U.S. generally accepted accounting principles (“GAAP”), our non-GAAP financial measures including contribution margin, contribution margin %, EBITDA, and Adjusted EBITDA provide useful information to management, investors, and analysts in assessing our financial performance and results of operations across reporting periods by excluding items we do not believe are indicative of our core operating performance. In addition to our GAAP measures, we use these non-GAAP financial measures to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources, including budgeting for infrastructure.

These non-GAAP financial measures are used to supplement the financial information presented on a GAAP basis and should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis. Because not all companies use identical calculations, our presentation of non-GAAP measures may not be comparable to other similarly titled measures of other companies.

Non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact on our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which items are adjusted to calculate our non-GAAP financial measures. We compensate for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in our public disclosures.

Contribution Margin

We refer to revenue less direct material costs of revenue as “contribution margin” and contribution margin divided by revenue as “contribution margin %.” The closest comparable GAAP financial measures to contribution margin and contribution margin % are gross profit and gross profit margin

%, respectively. We believe contribution margin and contribution margin % are useful measures of the variable costs that we incur in order to provide services to our customers. Our presentation of contribution margin and contribution margin % should not be construed as an inference that our future results will be unaffected by variable costs.

EBITDA and Adjusted EBITDA

We define EBITDA as net income (loss) adjusted for interest expense, interest income, income tax benefit, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted for changes in the fair value of derivatives, loss on debt extinguishment, transaction costs, and other non-recurring items. Net loss is the most directly comparable GAAP measure to Adjusted EBITDA. Our presentation of EBITDA and Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, see the “Reconciliation of GAAP to Non-GAAP Results” table in this press release.

Backlog

We view backlog as a key measure of our business growth. Backlog represents our estimate of the revenue we expect to realize in future periods as a result of performing work on contracts that have been awarded to us (net of any revenue already recognized as of the backlog date). We include the aggregate expected revenue of awarded contracts in our backlog upon the execution of a legally binding agreement, even though our contracts include certain termination rights exercisable by our customers with advance notice. We exclude unexercised contract options from our backlog. Contract liabilities recognized on our consolidated balance sheets consists of payments and billings that we have received in excess of revenue that we have recognized. Because cash receipts from these contracts have not been recognized into revenue, they are included in our backlog calculation.

We monitor our backlog because we believe it is a forward-looking indicator of potential sales which can be helpful to investors in evaluating the performance of our business and identifying trends over time. Although backlog reflects business associated with contracts that are considered to be firm, terminations, amendments, or contract cancellations may occur, which could result in a reduction in our total backlog and potential future revenue that is never recognized.

Investor Contact

Christopher Evenden

ir@yorkspacesystems.com

Media Contact

Sarah Nickell

Sarah.nickell@yorkspacesystems.com

APPENDIX - 1

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

For the three months ended June 30, For the six months ended June 30,

($ in thousands, except shares and per share amounts) 2026 2025 2026 2025

Revenue $ 92,547  $ 83,839  $ 208,890  $ 190,091

Cost of revenues 70,367  74,313  164,560  155,963

Gross profit 22,180  9,526  44,330  34,128

Operating expenses

Selling, general and administrative expenses 40,825  25,790  77,531  52,591

Stock compensation expense 10,893  —  95,589  —

Research and development expenses 5,766  4,893  11,055  9,294

Transaction costs 6,009  75  11,934  106

Total operating expenses 63,493  30,758  196,109  61,991

Loss from operations (41,313) (21,232) (151,779) (27,863)

Other (expense) income

Interest expense (2,884) (7,118) (5,783) (14,177)

Interest income 4,208  218  8,828  759

Other income (expense), net 928  1,201  (5,279) 1,315

Total other expense 2,252  (5,699) (2,234) (12,103)

Loss before provision for income taxes (39,061) (26,931) (154,013) (39,966)

Income tax (expense) benefit (282) 2,697  (172) 4,003

Net loss $ (39,343) $ (24,234) $ (154,185) $ (35,963)

Foreign currency translation adjustment 49  372  (72) 857

Comprehensive loss $ (39,294) $ (23,862) $ (154,257) $ (35,106)

Net loss per common share

Net loss $ (39,343) $ (24,234) $ (154,185) $ (35,963)

Less: Accretion of Class P Units $ —  $ —  $ 192  $ —

Less: Deemed dividend on Conversion of the Class P Units upon IPO $ —  $ —  $ 60,722  $ —

Net loss available to common shareholders $ (39,343) $ (24,234) $ (215,099) $ (35,963)

Basic and diluted net loss per share $ (0.31) $ (0.25) $ (1.76) $ (0.38)

Weighted average common shares outstanding

Basic and diluted weighted common shares outstanding 128,095,949 95,141,928 122,092,664 95,141,928

Condensed Consolidated Balance Sheets (Unaudited)

($ in thousands)

As of June 30, 2026

As of December 31, 2025

Assets

Current assets

Cash and cash equivalents $ 534,000  $ 162,573

Accounts receivable, net 55,800  11,539

Inventories 41,787  18,747

Prepaid expenses and other current assets 20,988  31,478

Contract assets 114,967  76,809

Capitalized commissions, net 4,305  6,661

Total current assets 771,847  307,807

Fixed assets, net 58,070  46,293

Right of use assets, net 28,445  24,683

Goodwill 793,520  674,262

Other intangibles, net 412,828  407,925

Other assets 5,509  14,415

Total assets $ 2,070,219  $ 1,475,385

Liabilities, Temporary Equity and Member's Capital/Stockholders' Equity

Current liabilities

Contract liabilities $ 18,157  $ 110,275

Accounts payable and accrued expenses 110,015  68,358

Operating lease liabilities, current 3,942  3,260

Income taxes payable 831  672

Long-term debt, current 5,625  3,750

Deferred commissions, current 5,266  5,038

Other current liabilities 835  —

Total current liabilities 144,671  191,353

Operating lease liabilities, less current portion 26,330  23,161

Deferred commissions, less current portion 1,191  2,110

Long-term debt, net 141,419  144,962

Derivative liability associated with Class P Units —  93,411

Other liabilities 4,717  3,353

Deferred income tax liability 6,084  6,096

Total liabilities $ 324,412  $ 464,446

Commitments and contingencies

Temporary Equity

Class P Units (240,956,348 and 0 units authorized, issued and outstanding at December 31, 2025 and 2024, respectively; $241,498 and $0 liquidation preference as of December 31, 2025 and 2024, respectively) —  143,115

Member's Capital/Stockholders Equity

Common units (0 and 50,000,000 authorized, issued and outstanding at June 30, 2026 and December 31, 2025, respectively)

—  1,135,910

Common stock ($0.0001 par value per share; 1,000,000,000 and 0 authorized at June 30, 2026 and December 31, 2025, respectively; 129,312,790 and 0 issued and outstanding at June 30, 2026 and December 31, 2025, respectively)

13  —

Additional paid-in-capital 2,168,137  —

Accumulated other comprehensive income (loss) 864  936

Accumulated deficit (423,207) (269,022)

Total member's capital 1,745,807  867,824

Total liabilities, temporary equity, and member's capital/stockholders' equity $ 2,070,219  $ 1,475,385

Condensed Consolidated Statements of Cash Flows (Unaudited)

For the six months ended June 30,

($ in thousands) 2026 2025

Cash flows from operating activities

Net loss (154,185) $ (35,963)

Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:

Depreciation and amortization 30,989  24,261

Stock compensation expense 95,589  —

Amortization of debt issuance costs 418  428

Non-cash lease expense 2,110  1,297

Amortization of capitalized commissions 2,316  3,229

Deferred taxes (237) (3,998)

Loss on equity investments, net 1,594  —

Other, net 5,772  (894)

Changes in assets and liabilities, net of the effect of acquisitions:

Accounts receivable, net (43,447) (7,333)

Inventories (24,042) 7,137

Prepaid expenses and other current assets 6,651  20,873

Contract assets (38,159) (42,932)

Other assets (476) (54)

Contract liabilities (95,815) (72,852)

Accounts payable and accrued expenses 26,831  7,814

Deferred commissions (691) (1,338)

Income taxes payable 149  —

Related party payables —  1,276

Other liabilities 17  436

Right of use assets and operating lease liabilities, net (2,021) (1,209)

Net cash (used in) operating activities (186,637) (99,822)

Cash flows from investing activities

Capital expenditures (3,430) (1,272)

Equity investments (6,156) (5,000)

Acquisition of business, net of cash acquired (25,152) —

Issuance of notes receivable —  (2,500)

Proceeds from settlement of notes receivable 5,000  —

Net cash (used in)/provided by investing activities (29,738) (8,772)

Cash flows from financing activities

Proceeds from issuance of common stock in connection with the IPO, net of underwriting discounts and commissions 592,833  —

Payment of offering costs in connection with the IPO (3,192) —

Repayment of principal on long-term debt (1,875) —

Proceeds from settlement of notes receivable —  25,000

Net cash provided by financing activities 587,766  25,000

Net increase/(decrease) in cash and cash equivalents 371,391  (83,594)

Effect of exchange rate changes on cash 36  156

Cash and cash equivalents, beginning of period 162,573  104,656

Cash at end of period $ 534,000  $ 21,218

Supplemental disclosures of cash flow information

Cash payments for interest $ 5,682  $ 6,090

Cash (refunded)/paid for taxes (11) 3

Noncash operating, investing, and financing

Changes in accounts payable and accruals for purchases of fixed assets 1,483  1,346

Conversion of common units into shares of common stock upon IPO 1,135,718  —

Conversion of Class P Units into shares of common stock upon IPO 241,391  —

Issuance of common shares for acquisition of Orbion 60,180  —

Issuance of common shares for acquisition of Solestial 51,857  —

APPENDIX - 2

Reconciliation of GAAP to Non-GAAP Results

Contribution Margin

(Unaudited)

For the three months ended June 30, For the six months ended June 30,

($ in thousands, except percentages) 2026 2025 2026 2025

Revenue $ 92,547  $ 83,839  $ 208,890  $ 190,091

Direct material costs 53,240  63,555  129,517  134,505

Contribution margin (non-GAAP) $ 39,307  $ 20,284  $ 79,373  $ 55,586

Contribution margin % (non-GAAP) 42 % 24 % 38 % 29 %

Reconciliation to Contribution Margin

(Unaudited)

($ in thousands, except percentages) For the three months ended June 30, For the six months ended June 30,

2026 2025 2026 2025

Revenue $ 92,547  $ 83,839  $ 208,890  $ 190,091

Less: Cost of revenues 70,367  74,313  164,560  155,963

Gross profit (GAAP) $ 22,180  $ 9,526  $ 44,330  $ 34,128

Gross profit % (GAAP) 24 % 11 % 21 % 18 %

Add: Direct labor costs 11,119  7,661  21,275  15,385

Add: Direct overhead costs 3,736  1,669  7,079  3,384

Add: Depreciation and amortization 2,272  1,428  6,689  2,689

Contribution margin (non-GAAP) $ 39,307  $ 20,284  $ 79,373  $ 55,586

Contribution margin % (non-GAAP) 42 % 24 % 38 % 29 %

Reconciliation of Net Loss to Adjusted EBITDA

(Unaudited)

For the three months ended June 30, For the six months ended June 30,

($ in thousands) 2026 2025 2026 2025

Net loss $ (39,343) $ (24,234) $ (154,185) $ (35,963)

Interest expense 2,884  7,118  5,783  14,177

Interest income (4,208) (218) (8,828) (759)

Income tax expense (benefit) 282  (2,697) 172  (4,003)

Depreciation and amortization 14,886  12,225  30,989  24,261

EBITDA (non-GAAP) $ (25,499) $ (7,806) $ (126,069) $ (2,287)

Changes in the fair value of derivatives (1,117) (1,254) 3,713  (1,396)

Stock-based compensation expense 10,893  —  95,589  —

Transaction costs(1)

6,009  75  11,934  106

Other(2)

211  66  1,691  112

Adjusted EBITDA (non-GAAP) $ (9,503) $ (8,919) $ (13,142) $ (3,465)

(1)Represents costs for legal, advisory fees and other costs incurred in connection with the Company's acquisition activity and one-time IPO costs.

(2)Other includes a gain and loss on the initial investments for Solestial and Orbion, respectively, net gain on foreign exchange and one-time non-cash expense.

Backlog

(Unaudited)

($ in thousands) As of June 30, 2026 As of December 31, 2025

Backlog $ 592,049  $ 542,557

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Cover

Aug. 13, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Aug. 13, 2026

Entity Registrant Name

YORK SPACE SYSTEMS INC.

Entity Incorporation, State or Country Code

DE

Entity File Number

001-43088

Entity Tax Identification Number

39-4190941

Entity Address, Address Line One

6060 S Willow Drive

Entity Address, City or Town

Greenwood Village

Entity Address, State or Province

CO

Entity Address, Postal Zip Code

80111

City Area Code

720

Local Phone Number

537-2655

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, par value $0.0001 per share

Trading Symbol

YSS

Security Exchange Name

NYSE

Entity Emerging Growth Company

true

Entity Ex Transition Period

false

Entity Central Index Key

0002086587

Amendment Flag

false

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 7A

-Section B

-Subsection 2

+ Details

Name:

dei_EntityExTransitionPeriod

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration