What is Momentus Inc's earnings per share (EPS)?

Momentus Inc (MNTSW) reported diluted earnings per share of $-49.10 for fiscal year 2025. This represents a 88.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Momentus Inc Financials

MNTSW

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Momentus Inc (MNTSW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MNTSW FY2025 2026-04-22

Momentus remains a development-stage business financed by external capital, as cash burn still overwhelms revenue despite lean direct costs.

In FY2025, operating cash burn of $23.3M was essentially the same as free cash burn because capex was only $12K, showing cash is being consumed by the ongoing cost base rather than by asset build-out. That burn was covered by $34.6M of financing cash flow, which lifted cash to $12.8M and repaired near-term liquidity after FY2024's squeeze.

Gross margin stayed near break-even on direct costs, reaching almost 100.0% in FY2025, so delivered work itself is not the main drain on resources. The real constraint is insufficient scale against fixed operating expense: revenue was only $1.1M while R&D plus SG&A still ran about $28.4M.

The balance sheet looked stretched in FY2024, with a 0.3x current ratio and negative equity. FY2025 returned to positive equity of $17.1M and a 1.4x current ratio, but that repair came from fresh funding rather than the business turning self-financing.

Financial Health Signals

Financial Profile 16/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Momentus Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Momentus Inc has an operating margin of -2455.4%, meaning the company retains $-2455 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1404.1% the prior year.

Growth

Momentus Inc's revenue declined 47.5% year-over-year, from $2.1M to $1.1M. This contraction results in a growth score of 0/100.

Leverage

Momentus Inc carries a low D/E ratio of 1.35, meaning only $1.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Momentus Inc's current ratio of 1.39 is below the typical benchmark, resulting in a score of 23/100. However, the company holds substantial cash reserves (80% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

While Momentus Inc generated -$23.3M in operating cash flow, capex of $12K consumed most of it, leaving -$23.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Momentus Inc generates a -173.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Neutral

4/9

Momentus Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.78x

For every $1 of reported earnings, Momentus Inc generates $0.78 in operating cash flow (-$23.3M OCF vs -$29.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-40.3x

Momentus Inc earns $-40.3 in operating income for every $1 of interest expense (-$27.3M vs $677K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1M

YoY-47.5%

5Y CAGR+24.9%

Momentus Inc generated $1.1M in revenue in fiscal year 2025. This represents a decrease of 47.5% from the prior year.

EBITDA

-$26.0M

YoY+9.8%

Momentus Inc's EBITDA was -$26.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.8% from the prior year.

Net Income

-$29.8M

YoY+14.8%

Momentus Inc reported -$29.8M in net income in fiscal year 2025. This represents an increase of 14.8% from the prior year.

EPS (Diluted)

$-49.10

YoY+88.1%

Momentus Inc earned $-49.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 88.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$23.3M

YoY-40.2%

Momentus Inc generated -$23.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 40.2% from the prior year.

Cash & Debt

$12.8M

YoY+714.6%

5Y CAGR-11.1%

Momentus Inc held $12.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

99.8%

YoY+2.9pp

5Y CAGR+100.6pp

Momentus Inc's gross margin was 99.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.9 percentage points from the prior year.

Operating Margin

-2455.4%

YoY-1051.3pp

5Y CAGR+7042.1pp

Momentus Inc's operating margin was -2455.4% in fiscal year 2025, reflecting core business profitability. This is down 1051.3 percentage points from the prior year.

Net Margin

-2682.7%

YoY-1029.6pp

Momentus Inc's net profit margin was -2682.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1029.6 percentage points from the prior year.

Return on Equity

-173.7%

Momentus Inc's ROE was -173.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$9.2M

YoY-6.1%

5Y CAGR-16.6%

Momentus Inc invested $9.2M in research and development in fiscal year 2025. This represents a decrease of 6.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$12K

5Y CAGR-61.9%

Momentus Inc invested $12K in capex in fiscal year 2025, funding long-term assets and infrastructure.

MNTSW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.1M-47.5%	$2.1M-31.6%	$3.1M+933.1%	$299K-9.4%	$330K-9.6%	$365K
Cost of Revenue	$2K-97.0%	$66K-92.3%	$855K+3188.5%	$26K+119.3%	-$135K-136.7%	$368K
Gross Profit	$1.1M-45.9%	$2.0M-8.3%	$2.2M+718.3%	$273K	N/A	-$3K
R&D Expenses	$9.2M-6.1%	$9.8M-71.5%	$34.4M-17.7%	$41.7M-18.7%	$51.3M+125.9%	$22.7M
SG&A Expenses	$19.2M-12.6%	$21.9M-39.1%	$36.1M-27.6%	$49.8M+1.9%	$48.9M+309.4%	$11.9M
Operating Income	-$27.3M+8.2%	-$29.7M+56.5%	-$68.2M+25.3%	-$91.3M+8.5%	-$99.8M-187.8%	-$34.7M
Interest Expense	$677K+71.4%	$395K-83.1%	$2.3M-55.6%	$5.3M-63.0%	$14.2M+2927.4%	$470K
Income Tax	$0	$0	$0	$0-100.0%	$2K+100.0%	$1K
Net Income	-$29.8M+14.8%	-$34.9M+49.3%	-$68.9M+27.8%	-$95.4M-179.1%	$120.7M	N/A
EPS (Diluted)	$-49.10+88.1%	$-414.01-27.8%	$-323.96-453.5%	$-58.53	$1.70+134.7%	$-4.90

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$3.2M+785.7%	$363K+55.1%	$234K+22.5%	$191K-40.7%	$322K+13.0%	$285K+166.4%	$107K-91.1%	$1.2M
Cost of Revenue	$1.4M	$0	$0-100.0%	$2K	$0	N/A	$66K	$0
Gross Profit	$1.8M+400.6%	$363K+55.1%	$234K+23.8%	$189K-41.3%	$322K+13.0%	$285K+595.1%	$41K-96.6%	$1.2M
R&D Expenses	$4.2M+51.4%	$2.8M+18.3%	$2.3M+6.2%	$2.2M+14.5%	$1.9M-6.6%	$2.1M-7.0%	$2.2M-22.6%	$2.9M
SG&A Expenses	$6.3M-2.3%	$6.5M+56.3%	$4.2M+5.4%	$3.9M-14.2%	$4.6M-8.8%	$5.0M-7.3%	$5.4M+2.0%	$5.3M
Operating Income	-$8.7M+2.1%	-$8.9M-42.2%	-$6.2M-5.1%	-$5.9M+3.9%	-$6.2M+9.0%	-$6.8M+10.5%	-$7.6M-9.0%	-$7.0M
Interest Expense	$586K+3.7%	$565K+219.2%	$177K+94.5%	$91K+158.3%	-$156K-152.9%	$295K+586.0%	$43K	$0
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$9.5M-55.9%	-$6.1M+45.1%	-$11.1M-71.7%	-$6.5M-4.5%	-$6.2M+48.0%	-$11.9M-52.9%	-$7.8M-10.6%	-$7.0M
EPS (Diluted)	$-2.15	N/A	$-1.08+12.2%	$-1.23+95.8%	$-29.29	N/A	$-6.26-5.7%	$-5.92

MNTSW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$40.3M+305.1%	$10.0M-51.8%	$20.6M-77.7%	$92.4M-50.3%	$185.8M+411.6%	$36.3M
Current Assets	$22.3M+392.3%	$4.5M-57.8%	$10.7M-85.9%	$76.3M-55.0%	$169.7M+514.4%	$27.6M
Cash & Equivalents	$12.8M+714.6%	$1.6M-25.8%	$2.1M-96.5%	$61.1M-61.8%	$160.0M+595.7%	$23.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$0-100.0%	$879K	$0	$0	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$23.2M+30.5%	$17.8M+1.7%	$17.5M-67.6%	$53.8M-0.2%	$53.9M-83.4%	$325.8M
Current Liabilities	$16.1M+7.1%	$15.0M+35.1%	$11.1M-74.3%	$43.2M+11.2%	$38.9M+431.4%	$7.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.1M+319.5%	-$7.8M-345.1%	$3.2M-91.7%	$38.6M-70.7%	$131.9M+145.6%	-$289.5M
Retained Earnings	-$438.6M-7.5%	-$408.0M-9.4%	-$373.0M-22.7%	-$304.1M-45.7%	-$208.7M+36.6%	-$329.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$45.9M+13.8%	$40.3M+105.7%	$19.6M+113.2%	$9.2M-21.6%	$11.7M+17.8%	$10.0M-29.4%	$14.1M-6.0%	$15.0M
Current Assets	$29.3M+31.3%	$22.3M+215.9%	$7.1M+65.4%	$4.3M-37.6%	$6.8M+51.1%	$4.5M-16.1%	$5.4M-12.4%	$6.2M
Cash & Equivalents	$23.5M+83.4%	$12.8M+1811.3%	$670K+407.6%	$132K-96.1%	$3.4M+116.2%	$1.6M+97.0%	$798K-11.0%	$897K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$396K	$0	$0-100.0%	$200K	$0-100.0%	$879K	N/A	$15K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$18.7M-19.3%	$23.2M+14.2%	$20.3M+5.9%	$19.2M+8.3%	$17.7M-0.4%	$17.8M-9.0%	$19.5M+16.1%	$16.8M
Current Liabilities	$11.6M-27.8%	$16.1M-7.2%	$17.3M-8.7%	$19.0M+11.8%	$17.0M+13.1%	$15.0M+7.0%	$14.0M+22.0%	$11.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$27.2M+58.5%	$17.1M+2569.7%	-$694K+93.0%	-$10.0M-67.0%	-$6.0M+23.5%	-$7.8M-44.5%	-$5.4M-200.9%	-$1.8M
Retained Earnings	-$448.1M-2.2%	-$438.6M-1.6%	-$431.7M-2.6%	-$420.6M-1.6%	-$414.2M-1.5%	-$408.0M-3.0%	-$396.1M-2.0%	-$388.4M

MNTSW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$23.3M-40.1%	-$16.6M+73.1%	-$61.8M+29.7%	-$87.9M-1.4%	-$86.7M-166.5%	-$32.5M
Capital Expenditures	$12K	$0-100.0%	$94K-83.9%	$583K-80.4%	$3.0M+97.9%	$1.5M
Free Cash Flow	-$23.3M-40.2%	-$16.6M+73.2%	-$61.9M+30.0%	-$88.5M+1.4%	-$89.7M-163.5%	-$34.0M
Investing Cash Flow	-$12K-112.8%	$94K+594.7%	-$19K+97.4%	-$733K+76.3%	-$3.1M-93.0%	-$1.6M
Financing Cash Flow	$34.6M+121.7%	$15.6M+710.7%	$1.9M+120.2%	-$9.5M-104.2%	$226.8M+408.0%	$44.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0-100.0%	$10.0M	$0-100.0%	$40.0M	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$5.8M+44.8%	-$10.5M-97.8%	-$5.3M-63.9%	-$3.2M+22.2%	-$4.2M+27.2%	-$5.7M-27.5%	-$4.5M-301.4%	-$1.1M
Capital Expenditures	$197K	N/A	N/A	N/A	$0	$0	$0	$0
Free Cash Flow	-$6.0M	N/A	N/A	N/A	-$4.2M+27.2%	-$5.7M-27.5%	-$4.5M-301.4%	-$1.1M
Investing Cash Flow	-$185K-1441.7%	-$12K	$0	$0	$0	$0-100.0%	$134K+13500.0%	-$1K
Financing Cash Flow	$16.7M-26.4%	$22.7M+287.9%	$5.9M+30947.4%	-$19K-100.3%	$6.0M-0.2%	$6.0M+37.0%	$4.4M+1153.4%	$350K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

MNTSW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	99.8%+2.9pp	96.9%+24.6pp	72.3%-19.0pp	91.3%	N/A	-0.8%
Operating Margin	-2455.4%-1051.3pp	-1404.1%+802.8pp	-2206.9%+28319.8pp	-30526.8%-296.2pp	-30230.6%-20733.1pp	-9497.5%
Net Margin	-2682.7%-1029.6pp	-1653.1%+578.1pp	-2231.1%+29689.9pp	-31921.1%-68482.9pp	36561.8%	N/A
Return on Equity	-173.7%	N/A	-2162.5%-1915.3pp	-247.2%-338.7pp	91.5%	N/A
Return on Assets	-73.9%+277.3pp	-351.1%-17.4pp	-333.8%-230.5pp	-103.3%-168.2pp	64.9%	N/A
Current Ratio	1.39+1.1	0.30-0.7	0.97-0.8	1.76-2.6	4.37+0.6	3.78
Debt-to-Equity	1.35+3.6	-2.27-7.8	5.48+4.1	1.39+1.0	0.41+1.5	-1.13
FCF Margin	-2097.9%-1312.2pp	-785.8%+1218.8pp	-2004.5%+27584.1pp	-29588.6%-2411.7pp	-27177.0%-17852.0pp	-9324.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	56.5%-43.5pp	100.0%0.0pp	100.0%+1.0pp	99.0%-1.0pp	100.0%0.0pp	100.0%+61.7pp	38.3%-61.7pp	100.0%
Operating Margin	-270.4%+2175.9pp	-2446.3%+222.9pp	-2669.2%+442.8pp	-3112.0%-1191.2pp	-1920.8%+464.8pp	-2385.6%+4710.6pp	-7096.3%-6520.3pp	-576.0%
Net Margin	-294.9%+1380.6pp	-1675.5%+3057.0pp	-4732.5%-1355.5pp	-3377.0%-1460.2pp	-1916.8%+2244.3pp	-4161.1%+3089.4pp	-7250.5%-6670.2pp	-580.3%
Return on Equity	-34.9%+0.6pp	-35.5%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-20.7%-5.6pp	-15.1%+41.4pp	-56.5%+13.7pp	-70.2%-17.5pp	-52.6%+66.5pp	-119.2%-64.2pp	-55.0%-8.3pp	-46.8%
Current Ratio	2.52+1.1	1.39+1.0	0.41+0.2	0.22-0.2	0.40+0.1	0.30-0.1	0.38-0.2	0.54
Debt-to-Equity	0.69-0.7	1.35+30.6	-29.24-27.3	-1.92+1.0	-2.96-0.7	-2.27+1.3	-3.61+5.7	-9.36
FCF Margin	-187.0%	N/A	N/A	N/A	-1296.6%+716.4pp	-2013.0%+2192.6pp	-4205.6%-4112.9pp	-92.7%

Frequently Asked Questions

What is Momentus Inc's annual revenue?

Momentus Inc (MNTSW) reported $1.1M in total revenue for fiscal year 2025. This represents a -47.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Momentus Inc's revenue growing?

Momentus Inc (MNTSW) revenue declined by 47.5% year-over-year, from $2.1M to $1.1M in fiscal year 2025.

Is Momentus Inc profitable?

No, Momentus Inc (MNTSW) reported a net income of -$29.8M in fiscal year 2025, with a net profit margin of -2682.7%.

What is Momentus Inc's EBITDA?

Momentus Inc (MNTSW) had EBITDA of -$26.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Momentus Inc's gross margin?

Momentus Inc (MNTSW) had a gross margin of 99.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Momentus Inc's operating margin?

Momentus Inc (MNTSW) had an operating margin of -2455.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Momentus Inc's net profit margin?

Momentus Inc (MNTSW) had a net profit margin of -2682.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Momentus Inc's return on equity (ROE)?

Momentus Inc (MNTSW) has a return on equity of -173.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Momentus Inc's free cash flow?

Momentus Inc (MNTSW) generated -$23.3M in free cash flow during fiscal year 2025. This represents a -40.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Momentus Inc's operating cash flow?

Momentus Inc (MNTSW) generated -$23.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Momentus Inc's total assets?

Momentus Inc (MNTSW) had $40.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Momentus Inc's capital expenditures?

Momentus Inc (MNTSW) invested $12K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Momentus Inc spend on research and development?

Momentus Inc (MNTSW) invested $9.2M in research and development during fiscal year 2025.

What is Momentus Inc's current ratio?

Momentus Inc (MNTSW) had a current ratio of 1.39 as of fiscal year 2025, which is considered adequate.

What is Momentus Inc's debt-to-equity ratio?

Momentus Inc (MNTSW) had a debt-to-equity ratio of 1.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Momentus Inc's return on assets (ROA)?

Momentus Inc (MNTSW) had a return on assets of -73.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Momentus Inc's cash runway?

Based on fiscal year 2025 data, Momentus Inc (MNTSW) had $12.8M in cash against an annual operating cash burn of $23.3M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Momentus Inc's Piotroski F-Score?

Momentus Inc (MNTSW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Momentus Inc's earnings high quality?

Momentus Inc (MNTSW) has an earnings quality ratio of 0.78x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Momentus Inc cover its interest payments?

Momentus Inc (MNTSW) has an interest coverage ratio of -40.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Momentus Inc?

Momentus Inc (MNTSW) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.