MNTSMomentus Inc.
Is Momentus struggling financially?
Yes, by its own account. Momentus told the SEC on 13 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.
Going concern disclosed May 2026
30/100
Fragile
Cries for help
-
Reverse stock split
The Company has retroactively adjusted all periods presented for the effects of the December 2025 1-for-17.85 reverse stock split. See Note 9 for additional information.
Form 10-Q, filed 13 May 2026. Read it on SEC.gov
Signs of a way out
Nothing in the filings we have read names a way out.
- Sector
- Industrial/Cyclical
- Market cap
- $94.7M
- Source filing
- 10-Q 13 May 2026
- Balance sheet
- 30 Jun 2026
Cash runway
47+ mo
Runs out some time after May 2030, raising nothing.
Out of cashTwo years or more
The runway math
Cash and short-term investments
$107.6M
÷
Cash burned over the last 12 months
$23.3M
What Momentus told the SEC
…raised approximately $ 10.5 million from sales of Class A common stock in May 2026. In prior periods, the Company disclosed that conditions and events raised substantial doubt regarding its ability to continue as a going concern. Management believes that, as a result of the financings and related transactions completed since December 31, 2025, substantial doubt no longer exists. Based on the Company’s current…
Momentus Inc., Form 10-Q, filed 13 May 2026.
Read the filing on SEC.govWhat this means
- Not a bankruptcy filing, and not a prediction.
- It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
- The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.
What else the numbers show
- 81.5% share-count increase The company issued stock. Each share now owns 44.9% less of the business than a year ago, before any change in the price.
Other Industrial/Cyclical companies that filed the doubt
- SPRU Spruce Power Holding $37.5M
- NKLR Terra Innovatum Global $676.3M
- HOVR New Horizon Aircraft $125.0M
- DUKR DUKE Robotics $19.0M
- FISN Deep Fission $486.0M
- BNKK Bonk $9.4M