Space Exploration Technologies Corp. (SPCX) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	20.6B	18.7B	14.0B	10.4B
Cost of Revenue	10.1B	9.5B	8.0B	6.1B
Gross Profit	10.5B	9.2B	6.0B	4.3B
Operating Expenses
R&D Expense	10.6B	8.6B	3.5B	2.1B
SG&A Expense	2.8B	2.6B	1.8B	1.7B
General & Admin Expense	1.8B	2.6B	1.8B	1.7B
Selling & Marketing Expense	—	—	—	—
Other Expenses	214.0M	525.0M	276.0M	4.0B
Total Operating Expenses	13.5B	11.8B	5.6B	7.8B
Cost and Expenses	23.7B	21.3B	13.5B	13.9B
Operating Income (EBIT)	(3.0B)	(2.6B)	466.0M	(3.5B)
Non-Operating
Interest Income	768.0M	492.0M	371.0M	249.0M
Interest Expense	2.2B	1.9B	1.6B	1.7B
Net Interest Income	(1.4B)	(1.5B)	(1.2B)	(1.4B)
Other Non-Op Income/Expense	(3.1B)	(1.6B)	(224.0M)	(1.5B)
Non-Operating Income (excl Interest)	(1.9B)	(177.0M)	985.0M	(42.0M)
EBT (Pre-Tax Income)	(6.2B)	(4.2B)	242.0M	(5.0B)
Income Tax Expense	181.0M	718.0M	(549.0M)	(363.0M)
Bottom Line
Net Income	(6.4B)	(4.9B)	791.0M	(4.6B)
Earnings from Cont. Ops	(6.4B)	(4.9B)	791.0M	(4.6B)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(7.0B)	(4.9B)	18.0M	(4.6B)
Per Share
Basic EPS	($1.88)	($1.69)	$0.01	($1.68)
Diluted EPS	($1.88)	($1.69)	$0.00	($1.68)
Revenue Per Share	$3.52	$6.38	$4.92	$3.76
Shares
Basic Shares Outstanding	5.9B	2.9B	2.8B	2.8B
Diluted Shares Outstanding	5.9B	2.9B	10.0B	2.8B
Profitability Metrics
EBITDA	8.1B	4.3B	3.3B	(828.0M)
D&A	8.3B	6.7B	3.8B	2.6B
EBIT	(177.0M)	(2.4B)	(519.0M)	(3.5B)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026