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Momentus Inc.

MNTS

Industrials · 4.03 +0.3% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Momentus Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 31 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company+0.3% todayVolume comparison unavailable
Market group0 of 31 activePrecious Metals & Mining · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • MNTS's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if MNTS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Aerospace & Defense

No new filing conclusion is available. 0 of 31 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • MNTS's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations320
Usable filing statements71
Verified relationships5
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -47.5% year over year.
  • Operating margin changed -1051.3 percentage points in the latest annual period.
  • Net margin changed -1091.8 percentage points in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

4.03
6m-2.7%12m+189.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$330,000-9.6%$1.70+13.2%
2022-12-31$299,000-9.4%$-58.53
2023-12-31$3.1M+933.1%$-323.96
2024-12-31$2.1M-31.6%$-414.01
2025-12-31$1.1M-47.5%$-49.10

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 3 filings
The discount attributable to the note, an aggregate of $ 15.8 million, primarily related to the value of the warrant liability with immaterial issuance costs, was amortized using the effective interest method over the term of the note, originally maturing on…
10-K · Mar 31, 2026
Legal and regulatory exposuremixed · 2 filings
As a result of the agreement to settle the Securities Class Action, the Company recorded a litigation settlement contingency of $ 8.5 million.
10-K · Mar 31, 2026
Labor availability and costspositive · 1 filings
The increase was primarily due to primarily due to an employee retention credit under the CARES Act.
10-Q · Aug 19, 2025
Product pipeline and R&Dnegative · 1 filings
The decrease was primarily due to (i) a $1.0 million reduction in payroll costs due to decreased headcount, (ii) a $0.2 million reduction on subcontractor cost, (iii) a $0.2 million reduction in research and development expenses, and (iv) a $0.1 million decre…
10-Q · Aug 19, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.3× · EV/sales . Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

4.03+0.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MNTS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MNTS. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MNTS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

VELOVelo3D, Inc.partnerMar 31, 2026

Liquidity and Capital Resources Going Concern In connection with the preparation of the consolidated financial statements for the year ended December 31, 2025, management concluded that, in the event the Company is unable to raise additional financing, the fo…

LMTLockheed Martin CorporationcompetitorMar 31, 2026

Department of Defense, Raytheon, Lockheed Martin, Maxar, ULA, and Northrop Grumman, among others.

Depended on by

VELOVelo3D, Inc.customerMay 14, 2026

As of December 31, 2025, the Momentus liabilities are recorded under accrued expenses and other current liabilities as Customer liabilities - prepaid reserve of $ 1.1 million and Customer liabilities - noncash consideration of $ 1.2 million.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MNTS is currently a Follower in the organic co-movement group Precious Metals & Mining. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for MNTS; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.