York Space Systems reported a Q1 loss of $114.8 million, compared with loss of $11.7 million a year earlier.

Revenue for the quarter ended March 31 was $116.3 million, up from $106.3 million a year ago.

Analysts surveyed by FactSet expected $109.9 million.

The company reaffirmed full-year 2026 revenue guidance of $545 million to $595 million. Analysts polled by FactSet expect $567.4 million.