Space Exploration Technologies (SPCX) Income Statement

Space Exploration Technologies reported revenue of $18.67B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 33.2% from $14.02B a year earlier. Space Exploration Technologies posted a net loss of $4.94B, compared with net income of $791.00M a year earlier. Gross margin was 49.4% and operating margin -13.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $7.81B, up 91.9% from the same quarter a year earlier.

Space Exploration Technologies Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Space Exploration Technologies Corp. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Revenue & Gross Profit
Revenue	18.67	14.02	10.39
Cost of Revenue	9.45	8.00	6.11
Gross Profit	9.22	6.02	4.28
Operating Expenses
Research & Development	8.64	3.46	2.11
Selling, General & Administrative	2.64	1.81	1.67
Operating Expenses	11.81	5.55	3.77
Operating Income	-2.59	0.47	0.51
Other Income/Expense
Interest Income	0.49	0.37	0.25
Interest Expense	1.95	1.58	1.69
Other Income/Expense	-1.63	-0.22	-4.05
Income
Income Before Tax	-4.22	0.24	-4.99
Income Tax Expense	0.72	-0.55	-0.36
Net Income	-4.94	0.79	-4.63
Net Income - Continuous Operations	-4.94	0.79	-4.63
Net Income - Discontinued Operations	-	-	-
EBITDA	4.97	3.31	-0.66
EBIT	-2.06	1.82	-3.30
Depreciation & Amortization	6.70	3.82	2.64
Earnings Per Share
Basic EPS	-2.00	-	-
Diluted EPS	-2.00	-	-
Basic Shares Outstanding	2.93	2.85	10.61
Diluted Shares Outstanding	2.93	9.96	10.61

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Space Exploration Technologies Financial Statements

What was Space Exploration Technologies's revenue in fiscal 2025?

Space Exploration Technologies reported revenue of $18.67B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 33.2% from $14.02B a year earlier.

Is Space Exploration Technologies profitable?

No. Space Exploration Technologies reported a net loss of $4.94B in fiscal 2025. In fiscal 2024 it earned $791.00M.

What is Space Exploration Technologies's operating margin?

Space Exploration Technologies's operating income was −$2.59B on revenue of $18.67B in fiscal 2025, an operating margin of -13.9%, compared with 3.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition