One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Momentus Inc.
MNTS · NCM · Industrials · Aerospace & Defense
Current price
$1.90
52-week range
$1.56 - $22.20
Market cap
$41.73M
Balance sheet
Healthy
-40.26x Concerning
Net cash $99.75M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Revenue grew 245.7% last year.
- Risk Operating margin compressed from -30526.8% to -32420.0% over 3 years.
- Risk Return on equity was -68.3% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 0.4% (peer median: 5.1%).
What this company does
Momentus Inc.
Momentus Inc. provides services and components for satellites, essentially helping other companies put and keep their satellites in space. Their main income comes from offering these space services and selling satellite parts to satellite operators. This matters because it's a growing area focused on enabling more activity and research in orbit.
How the company got here
Momentus Inc. was founded with the ambitious goal of making space more accessible. The company's journey has been marked by its focus on developing innovative propulsion systems for spacecraft. A key turning point was its development of water-based plasma propulsion technology, which aims to be more efficient and environmentally friendly than traditional rocket fuels. This technology is central to its strategy for providing in-space transportation services.
What it actually does
Momentus Inc. is a commercial space company that provides services and components for satellites. Think of them as a service provider for the growing satellite industry. They offer not just the 'brains' and 'bodies' of satellites, but also the 'engines' to move them around in space. Their main offering is a propulsion system designed to help satellites move to their desired orbits or perform other maneuvers once they are in space.
In-Space Transportation Services
This is Momentus's primary business, focusing on providing propulsion systems for satellites. Their 'water plasma' engines are designed to move satellites from their initial deployment orbit to their final operational orbit, or to perform other orbital adjustments. Customers, primarily satellite operators, pay Momentus to use these services, which helps them get their satellites where they need to be in space efficiently and cost-effectively.
Satellite Components and Buses
Beyond just propulsion, Momentus also offers components and complete satellite 'buses' (the main structure and systems of a satellite). This means they can provide customers with the foundational hardware for a satellite, including solar arrays for power. By offering these parts, Momentus aims to be a more comprehensive supplier to the satellite industry, allowing customers to source more of their satellite needs from a single provider.
What management is betting on now
Momentus is heavily focused on the successful deployment and performance of its Vigoride™ service, which utilizes its proprietary water plasma propulsion technology. Management believes this technology offers a competitive advantage due to its efficiency and lower environmental impact. The company is also working to secure more contracts for its transportation services and satellite components, aiming to establish itself as a key player in the expanding commercial space market.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-4.50M
FY2024 Q4
$-5.74M
FY2025 Q1
$-4.17M
FY2025 Q2
$-3.25M
FY2025 Q4
$-10.54M
FY2026 Q1
$-6.01M
FY2026 Q2
$-9.10M
Revenue
$25.00K
Net income
$-8.27M
Diluted EPS
-0.70
Operating cash flow
$-9.07M
Free cash flow
$-9.10M
Fetching…
Sources
Revenue
$3.21M
Net income
$-9.48M
Diluted EPS
-2.15
Operating cash flow
$-5.81M
Free cash flow
$-6.01M
Fetching…
Sources
Revenue
$363.00K
Net income
$-6.77M
Diluted EPS
-45.15
Operating cash flow
$-10.53M
Free cash flow
$-10.54M
Fetching…
Sources
Revenue
$234.00K
Net income
$-11.07M
Diluted EPS
-1.08
Operating cash flow
$-5.32M
Free cash flow
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Sources
Revenue
$191.00K
Net income
$-6.45M
Diluted EPS
-1.23
Operating cash flow
$-3.25M
Free cash flow
$-3.25M
Fetching…
Sources
Revenue
$322.00K
Net income
$-6.17M
Diluted EPS
-1.64
Operating cash flow
$-4.17M
Free cash flow
$-4.17M
Fetching…
Sources
Revenue
$285.00K
Net income
$-11.86M
Diluted EPS
-21.66
Operating cash flow
$-5.74M
Free cash flow
$-5.74M
Fetching…
Sources
Revenue
$107.00K
Net income
$-7.76M
Diluted EPS
-0.45
Operating cash flow
$-4.50M
Free cash flow
$-4.50M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $1.90
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $99.7M - more cash than debt. Interest coverage -40.3x.
Net debt
$-99.75M
Interest coverage
-40.26x
Momentus Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
MNTS
BASELINE
Momentus Inc.
Total debt $7.85M Interest coverage -40.26x This is the baseline the peer rows are being compared against.
Total debt $120.28M Interest coverage -8.64x Neither company has much profit cushion over interest right now.
Total debt $89.92M Interest coverage -4.38x Neither company has much profit cushion over interest right now.
Total debt $9.69M Interest coverage -11.71x Neither company has much profit cushion over interest right now.
Total debt $230.24M Interest coverage -3.14x Neither company has much profit cushion over interest right now.
Total debt $481.45M Interest coverage -20.88x Neither company has much profit cushion over interest right now.
What you should know
The case for and against MNTS
1 Reward
3 Risks
Rewards
-
Revenue grew 245.7% last year.
Risks
-
Operating margin compressed from -30526.8% to -32420.0% over 3 years.
-
Return on equity was -68.3% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 0.4% (peer median: 5.1%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-1.23x
P/B
0.34x
P/S
10.88x
EV/EBITDA
1.82x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
63.6%
Operating margin
-32,420.0%
Net margin
0.0%
ROE
-68.3%
ROA
-28.5%
Health
Liquidity and balance-sheet strength
Debt / equity
0.07x
Current ratio
13.70x
Quick ratio
13.11x
Total debt
$7.85M
Total cash
$107.60M
Growth
How the business has been compounding
Revenue TTM
$3.84M
Revenue 5Y CAGR
35.4%
EPS TTM
-4.86
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-30.74M
Free CF TTM
$-23.29M
FCF margin
-606.9%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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