How Big Will the SpaceX IPO Be?
Operated up to now as a private business, SpaceX will…
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | $1.8M | $2.2M | $2.4M | $2.6M | $2.6M | |
| Revenue Growth (YoY) | 21.47% | 17.83% | 10.08% | 7.9% | -0.42% | |
| Cost of Revenues | -- | -- | $2.4K | $2.4K | $1.9K | |
| Gross Profit | -- | -- | $2.4M | $2.6M | $2.5M | |
| Gross Profit Margin | -- | -- | 99.9% | 99.91% | 99.92% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $871.5K | $504K | $585.6K | $663.7K | $694.7K | |
| Other Inc / (Exp) | -$33.7K | $54.5K | -$9.8K | $14.3K | -- | |
| Operating Expenses | $155.8K | $60.4K | $2.5M | $2.5M | $2.6M | |
| Operating Income | -$155.8K | -$60.4K | -$136.7K | $58.7K | -$20.2K | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$189.5K | -$6K | -$127.8K | $73K | $10.4K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$25.9K | -$38.7K | -$29.9K | -$26.1K | -$24.9K | |
| Net Income to Company | -$163.6K | $32.8K | -$97.9K | $99.1K | $35.4K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$163.6K | $32.8K | -$97.9K | $99.1K | $35.4K | |
| Basic EPS (Cont. Ops) | -$0.00 | $0.00 | -$0.00 | $0.00 | $0.00 | |
| Diluted EPS (Cont. Ops) | -$0.00 | $0.00 | -$0.00 | $0.00 | $0.00 | |
| Weighted Average Basic Share | $51.6M | $52.2M | $53.1M | $53.1M | $53.1M | |
| Weighted Average Diluted Share | $51.6M | $58.8M | $53.1M | $61.2M | $59.8M | |
| EBITDA | -$153.1K | -$57.9K | -$134.2K | $61.1K | -$18.2K | |
| EBIT | -$155.8K | -$60.4K | -$136.7K | $58.7K | -$20.2K | |
| Revenue (Reported) | $1.8M | $2.2M | $2.4M | $2.6M | $2.6M | |
| Operating Income (Reported) | -$155.8K | -$60.4K | -$136.7K | $58.7K | -$20.2K | |
| Operating Income (Adjusted) | -$155.8K | -$60.4K | -$136.7K | $58.7K | -$20.2K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | $447K | $609.5K | $626.6K | $663K | $653.5K | |
| Revenue Growth (YoY) | 27.19% | 36.35% | 2.8% | 5.82% | -1.44% | |
| Cost of Revenues | -- | -- | $600 | $600 | $200 | |
| Gross Profit | -- | -- | $626K | $662.4K | $653.3K | |
| Gross Profit Margin | -- | -- | 99.9% | 99.91% | 99.97% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $638K | -$1.2M | $146.7K | $199.6K | $289K | |
| Other Inc / (Exp) | $76.3K | $39.9K | -$60 | $12.3K | -- | |
| Operating Expenses | $191.6K | -$67.3K | $558.3K | $550.1K | $611K | |
| Operating Income | -$191.6K | $67.3K | $67.7K | $112.3K | $42.3K | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$115.3K | $107.1K | $67.6K | $124.6K | $52.1K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $600 | $100 | $2.1K | $2.6K | |
| Net Income to Company | -$114K | $104.5K | $69.9K | $122K | $50.1K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$115.3K | $106.5K | $67.5K | $122.5K | $49.5K | |
| Basic EPS (Cont. Ops) | -$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Diluted EPS (Cont. Ops) | -$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Weighted Average Basic Share | $51.8M | $53.1M | $53.1M | $53.1M | $53.1M | |
| Weighted Average Diluted Share | $51.8M | $53.1M | $53.1M | $53.1M | $53.1M | |
| EBITDA | -$191K | $67.9K | $68.3K | $112.9K | $42.5K | |
| EBIT | -$191.6K | $67.3K | $67.7K | $112.3K | $42.3K | |
| Revenue (Reported) | $447K | $609.5K | $626.6K | $663K | $653.5K | |
| Operating Income (Reported) | -$191.6K | $67.3K | $67.7K | $112.3K | $42.3K | |
| Operating Income (Adjusted) | -$191.6K | $67.3K | $67.7K | $112.3K | $42.3K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | $1.8M | $2.2M | $2.4M | $2.6M | $2.6M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | $2.4K | $2.4K | $1.9K | |
| Gross Profit | -- | -- | $2.4M | $2.6M | $2.5M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $2M | $504K | $831.1K | $815.3K | $921.1K | |
| Other Inc / (Exp) | -$33.7K | $54.5K | -$9.8K | $14.3K | -- | |
| Operating Expenses | $155.8K | $60.4K | $2.5M | $2.5M | $2.6M | |
| Operating Income | -$155.8K | -$60.4K | -$117.8K | $58.6K | -$20.2K | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$189.5K | -$6K | -$127.6K | $72.9K | $10.4K | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$25.9K | -$38.7K | -$29.8K | -$26.2K | -$24.9K | |
| Net Income to Company | -$163.7K | $31.7K | -$97.2K | $98.8K | $35.7K | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$163.6K | $32.8K | -$97.9K | $99.1K | $35.4K | |
| Basic EPS (Cont. Ops) | -$0.00 | $0.00 | -$0.00 | $0.00 | $0.00 | |
| Diluted EPS (Cont. Ops) | -$0.00 | $0.00 | -$0.00 | $0.00 | -- | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$153.2K | -$57.9K | -$115.4K | $61K | -$18.2K | |
| EBIT | -$155.8K | -$60.5K | -$117.8K | $58.6K | -$20.2K | |
| Revenue (Reported) | $1.8M | $2.2M | $2.4M | $2.6M | $2.6M | |
| Operating Income (Reported) | -$155.8K | -$60.4K | -$117.8K | $58.6K | -$20.2K | |
| Operating Income (Adjusted) | -$155.8K | -$60.5K | -$117.8K | $58.6K | -$20.2K | |
| Period Ending | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | 2026-10-31 | |
|---|---|---|---|---|---|---|
| Revenue | $2.2M | $2.4M | $2.6M | $2.6M | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | $2.4K | $2.4K | $2K | -- | |
| Gross Profit | -- | $2.4M | $2.6M | $2.5M | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $503.9K | $831.1K | $815.3K | $921.1K | -- | |
| Other Inc / (Exp) | $54.5K | -$9.8K | $14.3K | -$960 | -- | |
| Operating Expenses | $60.4K | $2.5M | $2.5M | $2.6M | -- | |
| Operating Income | -$60.4K | -$117.7K | $58.6K | -$20.3K | -- | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$6K | -$127.7K | $72.8K | $10.5K | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$38.8K | -$29.7K | -$26.3K | -$25K | -- | |
| Net Income to Company | $31.7K | -$97.2K | $98.8K | $35.8K | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $32.7K | -$97.9K | $99.1K | $35.5K | -- | |
| Basic EPS (Cont. Ops) | $0.00 | -$0.00 | $0.00 | $0.00 | -- | |
| Diluted EPS (Cont. Ops) | $0.00 | -$0.00 | $0.00 | -- | -- | |
| Weighted Average Basic Share | $208.8M | $212.6M | $212.6M | $212.6M | -- | |
| Weighted Average Diluted Share | $215.4M | $219.4M | $228.7M | $221.2M | -- | |
| EBITDA | -$58K | -$115.3K | $61K | -$18.3K | -- | |
| EBIT | -$60.4K | -$117.7K | $58.6K | -$20.3K | -- | |
| Revenue (Reported) | $2.2M | $2.4M | $2.6M | $2.6M | -- | |
| Operating Income (Reported) | -$60.4K | -$117.7K | $58.6K | -$20.3K | -- | |
| Operating Income (Adjusted) | -$60.4K | -$117.7K | $58.6K | -$20.3K | -- | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $797.8K | $729.9K | $916.8K | $1.2M | $1.4M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $253.4K | $377.5K | $306.3K | $361.5K | $376.8K | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | $19.8K | $25.7K | $24.3K | $27.6K | $26.9K | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $1.1M | $1.1M | $1.3M | $1.5M | $1.8M | |
| Property Plant And Equipment | $26.6K | $7.1K | $4.6K | $2.2K | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $1.1M | $1.1M | $1.3M | $1.5M | $1.8M | |
| Accounts Payable | $159.8K | $58.2K | $84.9K | $154.6K | $209.9K | |
| Accrued Expenses | $149.3K | $31.2K | -- | $59.5K | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $16.2K | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $603K | $455.3K | $540.9K | $660K | $803.3K | |
| Long-Term Debt | $48.4K | $19.1K | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $651.4K | $474.4K | $540.9K | $660K | $803.3K | |
| Common Stock | $51.6K | $53.1K | $53.1K | $53.1K | $53.1K | |
| Other Common Equity Adj | -- | $76K | $74.1K | $81K | -- | |
| Common Equity | $452.4K | $670.1K | $715.3K | $889.1K | $1M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $452.6K | $670.6K | $715.6K | $889.5K | $1M | |
| Total Liabilities and Equity | $1.1M | $1.1M | $1.3M | $1.5M | $1.8M | |
| Cash and Short Terms | $797.8K | $729.9K | $916.8K | $1.2M | $1.4M | |
| Total Debt | $64.7K | $19.1K | -- | -- | -- | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $797.8K | $729.9K | $916.8K | $1.2M | $1.4M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $253.4K | $377.5K | $306.3K | $361.5K | $376.8K | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | $19.8K | $25.7K | $24.3K | $27.6K | $26.9K | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $1.1M | $1.1M | $1.3M | $1.5M | $1.8M | |
| Property Plant And Equipment | $26.6K | $7.1K | $4.6K | $2.2K | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $1.1M | $1.1M | $1.3M | $1.5M | $1.8M | |
| Accounts Payable | $159.8K | $58.2K | $84.9K | $154.6K | $209.9K | |
| Accrued Expenses | $149.3K | $31.2K | -- | $59.5K | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $16.2K | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $603K | $455.3K | $540.9K | $660K | $803.3K | |
| Long-Term Debt | $48.4K | $19.1K | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $651.4K | $474.4K | $540.9K | $660K | $803.3K | |
| Common Stock | $51.6K | $53.1K | $53.1K | $53.1K | $53.1K | |
| Other Common Equity Adj | -- | $76K | $74.1K | $81K | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $452.6K | $670.6K | $715.6K | $889.5K | $1M | |
| Total Liabilities and Equity | $1.1M | $1.1M | $1.3M | $1.5M | $1.8M | |
| Cash and Short Terms | $797.8K | $729.9K | $916.8K | $1.2M | $1.4M | |
| Total Debt | $64.7K | $19.1K | -- | -- | -- | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$163.6K | $32.8K | -$97.9K | $99.1K | $35.4K | |
| Depreciation & Amoritzation | $2.6K | $2.6K | $2.4K | $2.4K | $1.9K | |
| Stock-Based Compensation | $194.9K | $200.2K | $98.7K | $79.6K | $122.2K | |
| Change in Accounts Receivable | -$59.1K | -$124.1K | $71.2K | -$55.2K | -$29K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$61K | -$36K | $207.8K | $234.6K | $276.8K | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $15.7K | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -$29.3K | -$19.1K | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | $15.7K | -$27.7K | -$19.1K | -- | -- | |
| Beginning Cash (CF) | $797.8K | $729.9K | $916.8K | $1.2M | $1.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$19K | -$67.9K | $186.8K | $241.5K | $269.1K | |
| Ending Cash (CF) | $805.1K | $658K | $1.1M | $1.4M | $1.7M | |
| Levered Free Cash Flow | -$61K | -$36K | $207.8K | $234.6K | $276.8K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$114K | $104.5K | $69.9K | $122K | $50.1K | |
| Depreciation & Amoritzation | $600 | $600 | $600 | $600 | $200 | |
| Stock-Based Compensation | $44.7K | $46.2K | $18.4K | $20K | $32.4K | |
| Change in Accounts Receivable | $8.5K | -$128.8K | $16.8K | -$132.8K | -$149K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $45.5K | $51.5K | $65.8K | $35.6K | $71.8K | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$400 | -$8.5K | $300 | -- | -- | |
| Beginning Cash (CF) | $797.8K | $729.9K | $916.8K | $1.2M | $1.4M | |
| Foreign Exchange Rate Adjustment | $1.3K | $15.2K | -$10.2K | -$4K | $1.2K | |
| Additions / Reductions | $46.4K | $58.2K | $55.9K | $31.6K | $73K | |
| Ending Cash (CF) | $845.5K | $803.4K | $962.4K | $1.2M | $1.5M | |
| Levered Free Cash Flow | $45.5K | $51.5K | $65.8K | $35.6K | $71.8K | |
| Period Ending | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$163.7K | $31.7K | -$97.2K | $98.8K | $35.7K | |
| Depreciation & Amoritzation | $2.6K | $2.5K | $2.4K | $2.4K | $1.9K | |
| Stock-Based Compensation | $195K | $193.8K | $98K | $79.3K | $123.3K | |
| Change in Accounts Receivable | -$59.1K | -$120.2K | $70.8K | -$55K | -$29.2K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$61K | -$34.9K | $206.4K | $233.9K | $279.4K | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | $15.7K | -$26.9K | -$19K | -- | -- | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$19K | -$65.7K | $185.6K | $240.7K | $271.5K | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$61K | -$34.9K | $206.5K | $233.9K | $279.3K | |
| Period Ending | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | 2026-10-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $31.7K | -$97.2K | $98.8K | $35.8K | -- | |
| Depreciation & Amoritzation | $2.6K | $2.4K | $2.4K | $2K | -- | |
| Stock-Based Compensation | $193.7K | $98K | $79.3K | $123.3K | -- | |
| Change in Accounts Receivable | -$120.1K | $70.8K | -$55K | -$29.2K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$34.9K | $206.5K | $233.9K | $279.3K | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$26.8K | -$19K | -- | -- | -- | |
| Beginning Cash (CF) | $2.6M | $3.3M | $4.2M | $5.3M | -- | |
| Foreign Exchange Rate Adjustment | -$4K | -$1.8K | $6.9K | -$7.8K | -- | |
| Additions / Reductions | -$65.7K | $185.7K | $240.6K | $271.6K | -- | |
| Ending Cash (CF) | $2.5M | $3.5M | $4.5M | $5.6M | -- | |
| Levered Free Cash Flow | -$34.9K | $206.5K | $233.9K | $279.3K | -- | |
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