StocksMedium•12 November 2026•
1 min read
Space42 Revenue Hits $404 Million with 11% Growth in First Nine Months
Key Facts
1Space42 reported revenue of $404 million for the first nine months of 2026, an 11% year-on-year increase.
2Normalized EBITDA surged 30% to $194 million during the period.
3The company maintains a cash position exceeding $1.3 billion and a contracted future revenue backlog of $6.2 billion.
Space42 reported revenue of $404 million for the first nine months of 2026, representing an 11% year-on-year increase. According to scanx.trade, normalized EBITDA surged 30% to reach $194 million during the period, while net profit grew by 31% to $49 million.
The company maintained a robust financial position with a cash balance exceeding $1.3 billion and a contracted future revenue backlog of $6.2 billion. This operational performance was driven by an 11% growth in the Space Services segment to $340 million and a 16% rise in Smart Solutions revenue, as the firm continues its share buyback program targeting up to 2.5% of issued capital.