GomSpace sets financial target to reach revenue of SEK 1.6 billion by 2030
The growth plan calls for additional capital alongside internally generated funds to support investment and expansion.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
GomSpace (GOMX) has set a target to reach SEK 1.6 billion in annual revenue by 2030 under its medium-term plan. The company targets compound annual revenue growth of at least 30% from the last twelve months through Q3 2026 to 2030, alongside an EBITDA margin above 20%, measuring earnings before interest, taxes, depreciation and amortization as a share of revenue.
Rolling 12-month revenue rose from SEK 257 million in Q3 2024 to SEK 515 million in Q3 2026; EBITDA margin exceeded 10% at the end of that period. GomSpace expects Products and Satellite Systems to drive growth, supported by international expansion and contributions from its other business units. It expects to supplement internally generated funds with additional capital. Larger opportunities involve longer sales cycles, and the company cautions that results may vary between periods and margins with the business mix.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Revenue target of SEK 1.6 billion by 2030 implies at least 30% compound annual growth from LTM Q3 2026.
- Moderate point. Forward-looking: it has not happened yet and may not happen.EBITDA margin target of above 20% by 2030 rests on expected scale benefits, standardization, industrialization and innovation.
- Moderate pointRolling 12-month revenue increased to SEK 515 million in Q3 2026 from SEK 257 million in Q3 2024.
- Moderate pointEBITDA margin reached above 10% at the end of the period through Q3 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Products and Satellite Systems are expected to drive growth through repeat customers and expansion into new regions.
4 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.North America is expected to grow well above the market, with progressively stronger traction through 2030.
- Minor point. Forward-looking: it has not happened yet and may not happen.Advanced Missions is expected to grow in line with the market and remain profitable while prioritizing technology development.
- Minor point. Forward-looking: it has not happened yet and may not happen.National & Defense Solutions is expected to contribute progressively toward the 2030 revenue target from a limited revenue base.
- Minor point. Forward-looking: it has not happened yet and may not happen.Investment priorities include scale, industrialization and innovation to support planned growth.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.Additional capital is expected to be needed alongside internally generated funds to support planned growth.
- Minor point. Forward-looking: it has not happened yet and may not happen.Long sales cycles make contract timing difficult to predict and can cause results to vary between periods.
- Minor point. Forward-looking: it has not happened yet and may not happen.EBITDA margin may vary depending on the mix of business between business units.
News Explained
GomSpace’s new 2030 revenue target requires sustained market-share gains, the company says; its cited small-satellite market forecast is
AI-generated analysis. How Rhea-AI works. Not financial advice.
GomSpace has set medium term financial targets to reach SEK 1.6 billion in annual revenue by 2030 and achieve an EBITDA margin above
STOCKHOLM, Nov. 5, 2026 /PRNewswire/ -- Building on its transformed operating model, improved profitability, stronger market position and expanding geographic presence, GomSpace has set new financial targets, for revenue reaching SEK 1.6 billion in annual revenue by 2030, implying a CAGR of at least
Alongside its revenue target, GomSpace aims to reach an EBITDA margin above
CEO Carsten Drachmann comments: "Over the past three and a half years, we have transformed GomSpace and built a disciplined foundation for profitable growth, continuous improvement and stronger investor trust, including a significant increase in no of shareholders and market cap.
We are now entering our next phase where we intend to capitalize on this transformation and the position we have created and together with additional strategic investments into the operations aim to create long-term shareholder value through ambitious, profitable growth.
This will require larger contracts, expansion into new markets and further investment in technology, business models and our portfolio. As larger opportunities involve longer sales cycles and create value over several years, results may vary between periods, but I remain confident about the long-term path. We will assess progress over time against our new financial targets.
People, values and culture will remain fundamental to consistent execution as we scale."
Background to the financial targets
The market for small satellites below 500 kg is expected to grow significantly in the coming years. According to Extrapolate, the market is projected to increase from USD 3.79 billion in 2024 to USD 9.58 billion in 2031, corresponding to a CAGR of
Over the past three years, GomSpace has transformed its operating model by establishing dedicated business units with clear market focus, accountability and go-to-market responsibility. This structure provides a scalable platform for profitable growth and has demonstrated the company's ability to increase revenue while improving profitability.
On a rolling 12-month basis, revenue increased from SEK 257 million in Q3 2024 to SEK 515 million in Q3 2026, representing an annualized growth rate of approximately
The EBITDA margin target to reach above
Growth and profitability may vary from quarter to quarter and year to year, but the company believes its medium-term financial targets can be achieved through disciplined execution of its business-unit strategy, expansion of its international commercial footprint and deeper penetration of existing and adjacent markets. Investments in scale, industrialization and innovation will remain priorities for sustainable growth and competitiveness.
The business units Products and Satellite Systems, GomSpace's two largest business units, are expected to form the core of the growth trajectory going forward. Growth well above the market is expected to come from repeat business with existing customers and expansion into new regions, providing a substantial share of the growth required to achieve the medium-term financial targets.
Advanced Missions focus on emerging technologies and mission areas, including Space Domain Awareness, very low Earth orbit (VLEO), and lunar and deep-space exploration. The business unit develops technologies and capabilities that position GomSpace for future growth through European defense initiatives, space agency programs worldwide, and public and private exploration missions. It is expected to grow in line with the market and remain profitable, while prioritizing strategic technology development over near-term profit maximization. Participation in larger European programs, faster technology adoption, or accelerated lunar and deep-space activity could provide upside to the targets.
The North America business unit is expected to grow well above the market and make a meaningful contribution to achieving the financial targets and the Company expects progressively stronger market traction through 2030; earlier or more rapid acceleration would represent upside potential.
The business unit National & Defense Solutions targets high-value sovereign programs that can generate larger, longer-duration contracts and strengthen long-term backlog visibility. From a limited revenue base today, the unit is expected to contribute progressively alongside the other business units toward the SEK 1.6 billion revenue target by 2030.
GomSpace expects a balanced build-up across the business units, rather than reliance on any single business unit or award; earlier or larger contract wins would represent significant upside potential, although timing remains difficult to predict because sales cycles are long.
In summary
GomSpace is targeting at least
The new financial targets are thus based on continued execution across the company's established business units, with Products and Satellite Systems expected to form the core growth engine. Earlier market acceleration or larger contract wins provide upside potential, while progress will be assessed over time against the medium-term targets.
For more information, please contact:
Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr@gomspace.com
About GomSpace Group AB
Founded in 2007, GomSpace is a global provider of small satellite solutions with customers in more than 60 countries. The company's business operations are mainly conducted through the wholly owned Danish subsidiary, GomSpace A/S, with headquarters and operational facilities in Aalborg, Denmark. GomSpace also has key operations in Luxembourg, France, and the United States. GomSpace develops and delivers advanced systems and services that enable governments, commercial enterprises, and research institutions to achieve their objectives in space. The company's expertise covers satellite subsystems, complete small satellite missions, and satellite operations, providing solutions that support smarter, faster, and more affordable access to space.
The company is listed on Nasdaq First North Premier Growth Market in Stockholm under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information, please visit www.gomspace.com.
Miscellaneous
This information is information that GomSpace is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, 08:00 a.m. CET on November 6, 2026.
This information was brought to you by Cision http://news.cision.com
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SOURCE GomSpace A/S
AI-generated questions and answers. How Rhea-AI works. Not financial advice. GomSpace targets SEK 1.6 billion in annual revenue and an EBITDA margin above 20% by 2030. The revenue target implies compound annual growth of at least 30% from the last twelve months through Q3 2026 to 2030. GomSpace identifies earlier market acceleration or larger contract wins as potential upside to its targets. For Advanced Missions, potential upside includes participation in larger European programs, faster technology adoption, or accelerated lunar and deep-space activity. Earlier or more rapid acceleration in North America would also represent upside potential.FAQ
What are GomSpace's financial targets for 2030?
What could provide upside to GomSpace's 2030 targets?