$SIDU

Sidus Space Inc.

CIK:0001879726|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 531,185	$ 691,070	$ 781,340	$ 851,774
Revenue - related parties	51,911	569,953	161,128	647,743
Total - revenue	583,096	1,261,023	942,468	1,499,517
Cost of revenue	1,212,819	2,288,165	2,622,264	4,155,137
Gross profit (loss)	(629,723)	(1,027,142)	(1,679,796)	(2,655,620)
Operating expenses
Selling, general and administrative	5,062,524	4,263,269	9,482,161	8,707,711
Total operating expenses	5,062,524	4,263,269	9,482,161	8,707,711
Net loss from operations	(5,692,247)	(5,290,411)	(11,161,957)	(11,363,331)
Other income (expense)
Other income	300		82,146	100,000
Interest expense	(879)	(2,546)	(1,758)	(77,953)
Interest income	911,557	27,979	1,107,170	94,324
Asset-based loan expense		(360,092)	(18,477)	(792,737)
Total other income (expense)	910,978	(334,659)	1,169,081	(676,366)
Loss before income taxes	(4,781,269)	(5,625,070)	(9,992,876)	(12,039,697)
Provision for income taxes
Net loss	$ (4,781,269)	$ (5,625,070)	$ (9,992,876)	$ (12,039,697)
Basic loss per common share	$ (0.06)	$ (0.31)	$ (0.13)	$ (0.66)
Diluted loss per common share	$ (0.06)	$ (0.31)	$ (0.13)	$ (0.66)
Basic weighted average number of common shares outstanding	85,267,410	18,320,025	75,947,534	18,274,485
Diluted weighted average number of common shares outstanding	85,267,410	18,320,025	75,947,534	18,274,485

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net loss	$ (9,992,876)	$ (12,039,697)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	197,245	436,692
Depreciation and amortization	1,219,562	2,066,969
Changes in operating assets and liabilities:
Accounts receivable	(42,292)	(45,671)
Accounts receivable - related party	525,444	(396,230)
Inventory		(114,351)
Contract asset	267,167	353,882
Contract asset - related party	(231,549)	(60,060)
Prepaid expenses and other assets	658,315	(729,556)
Accounts payable and accrued liabilities	(1,216,146)	2,537,168
Accounts payable and accrued liabilities - related party	(752,409)	100,857
Contract liability	(5,238)	(16,192)
Contract liability - related party	247,114	60,060
Changes in operating lease assets and liabilities	15,301	770
Net Cash used in Operating Activities	(9,110,362)	(7,845,359)
Cash Flows From Investing Activities:
Purchases for fixed assets and satellite construction	(7,334,455)	(4,354,130)
Net Cash used in Investing Activities	(7,334,455)	(4,354,130)
Cash Flows From Financing Activities:
Proceeds from issuance of common stock units	146,215,182
Proceeds from exercise of warrants	1,786,519	2,381,247
Proceeds from asset-based loan agreement		4,413,239
Repayment of asset-based loan agreement	(8,212,186)	(3,604,116)
Repayment of notes payable		(3,059,767)
Net Cash provided by Financing Activities	139,789,515	130,603
Net change in cash	123,344,698	(12,068,886)
Cash, beginning of period	43,175,996	15,703,579
Cash, end of period	166,520,694	3,634,693
Supplemental cash flow information
Cash paid for interest	20,235	630,874
Cash paid for taxes
Non-cash Investing and Financing transactions:
Class A common stock issued for cashless exercise of warrants	33
Conversion of interest and fees of asset based loan		169,870
Recognition of right-of-use asset and lease liability	$ 578,769	$ 856,787

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 166,520,694	$ 43,175,996
Prepaid and other current assets	4,281,057	4,979,378
Total current assets	172,816,197	50,688,590
Property and equipment, net	20,299,272	14,184,379
Operating lease right-of-use assets	1,128,354	702,856
Intangible asset	398,135	398,135
Other assets	156,757	116,751
Total Assets	194,798,715	66,090,711
Current liabilities
Accounts payable and other current liabilities	4,256,318	5,472,464
Asset-based loan liability		8,212,186
Operating lease liability	382,131	273,545
Total current liabilities	5,190,460	15,020,739
Operating lease liability - non-current	766,908	434,695
Total Liabilities	5,957,368	15,455,434
Commitments and contingencies
Stockholders’ Equity
Preferred stock, value
Additional paid-in capital	288,651,630	140,456,263
Accumulated deficit	(99,820,404)	(89,827,528)
Total Stockholders’ Equity	188,841,347	50,635,277
Total Liabilities and Stockholders’ Equity	194,798,715	66,090,711
Series A Preferred Stock [Member]
Stockholders’ Equity
Preferred stock, value
Common Class A [Member]
Stockholders’ Equity
Common stock, value	10,111	6,532
Common Class B [Member]
Stockholders’ Equity
Common stock, value	10	10
Nonrelated Party [Member]
Current assets
Accounts receivable	315,123	272,831
Contract asset	55,606	322,773
Current liabilities
Contract liability	181,299	186,537
Related Party [Member]
Current assets
Accounts receivable	1,202,495	1,727,939
Contract asset	441,222	209,673
Current liabilities
Accounts payable and accrued interest - related party	123,598	876,007
Contract liability	$ 247,114