Is Momentus going out of business?

Momentus Inc. (MNTS) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Momentus Inc. (MNTS) scores 16 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 81.50% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Stable

47+ mo of estimated runway from 2026-06-30, based on $108M of cash and short-term investments against $23.3M of annual burn. Adjusted shares outstanding increased 81.5% over the comparison year.

Business quality - Poor

-2455.4% operating margin and -2097.9% FCF margin produce a poor Business Quality assessment.

Trajectory - Accelerating

Revenue, operating margin and cash margin improved together. Revenue improved 324.0%; operating margin improved 2098.5pp; FCF margin improved 1959.8pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-26.2% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Shares dilution YoY: 81.50% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: -0.87x (Net Cash)
• ROE quality: -26.67%
• ROIC: -210.45%
• FCF margin: -2097.93%
• Revenue CAGR (3Y): 54.84%
• Gross margin (industrial): 99.82%
• Return on Assets: -23.52%
• Asset Efficiency: 0.01x
• Net income trend: -28.20%
• Cash Burn Deceleration: -32228.64% QoQ improvement (Worsening)
• Revenue Quality: Quality concerns (DSO +120d, Rev +-87%)

Read from filings through 2026-08-11.

Price as of 2026-09-11.