Space Exploration Technologies Corp income statement

In fiscal 2025, Space Exploration Technologies Corp reported revenue of $18.67bn, up 33.2% on the year before, operating income of −$2.59bn (a -13.9% margin) and net income of −$4.94bn, or −$1.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Space Exploration Technologies Corp: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	10.4	14.0	18.7	32.0
Operating income	−3.5	0.5	−2.6	−0.7
Net income	−4.6	0.8	−4.9	−2.8
Diluted EPS	−$1.68	$0.00	−$1.69	−$0.44
Diluted shares (average)	2,759m	9,956m	2,926m	6,296m

US$ billions unless shown otherwise. Fiscal quarters.

Space Exploration Technologies Corp: income statement, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	4.1	4.1	5.6	5.0	4.7	7.8	14.6
Cost of revenue	—	2.3	2.7	—	—	3.5	5.5
Gross profit	—	1.8	2.9	—	—	4.3	9.1
Research and development	—	2.0	2.3	—	—	3.5	4.6
Selling, general and administrative	—	0.6	0.6	—	—	0.9	1.7
Operating income	0.0	−1.0	−0.3	−1.4	−1.9	−0.1	2.8
Interest expense	—	0.4	0.5	—	—	0.6	0.7
Income before tax	—	−0.9	−0.5	—	—	−0.5	4.0
Income tax	—	0.1	0.6	—	—	0.0	−0.4
Net income	−0.5	−1.0	−1.1	−2.3	−4.3	−0.5	4.4
Diluted EPS	−$0.18	−$0.34	−$0.36	−$0.80	−$1.27	−$0.09	$0.35
EBITDA	—	0.3	1.3	—	—	2.6	6.1

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Space Exploration Technologies Corp's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Space Exploration Technologies Corp.