York Space Systems Inc. Common Stock (YSS)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor in the Buffett-Graham tradition, I begin with earning power and a margin of safety. York Space Systems operates as a space and defense prime for national security, government, and commercial customers. The mission-critical nature of the work is appealing, but the filed numbers show a business that is not yet self-funding. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $92.5 million and net income was -$39.3 million. In fiscal Q1 2026, revenue was $116.3 million and net income was -$114.8 million. A year earlier, fiscal Q2 2025 revenue was $83.8 million with net income of -$24.2 million, so sales grew about 10% while losses widened. Trailing free cash flow is -$219.2 million, and FairStock calculates an FCF yield of -24.3%. That is a heavy cash drain. The balance sheet has low leverage, with a D/E of 0.10, and at the 2026-10-13 close of $6.56 the FairStock P/B is 0.49. So the stock trades below stated book value, but book value is less comforting when the company is losing money and burning cash. FairStock's P/E is -3.22, ROE -9.10%, ROCE -2.62%, Piotroski 3/9, and Altman Z-Score 1.73. Revenue growth of 10.39% is not enough to offset profit growth of -62.35%. The 52-week range, $6.47 to $44.54, shows how far expectations have fallen. Without a durable moat, consistent profits, and positive cash flow, I cannot call this a classic value opportunity. It is a speculative turnaround at best.

In plain English: York Space Systems makes hardware and software for space and defense missions for the U.S. government and commercial customers. The business is growing sales a little, but it is losing a lot of money and burning cash, so the underlying business looks weak. The stock price is very low compared with the value of its accounting net assets, but because there are no profits, it is hard to call it cheap on earnings; it looks speculative.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer