Space Exploration Technologies Corp. (SpaceX)

Name: Space Exploration Technologies Corp. (SpaceX) financial statements and ratios
Creator: Annalist

SPCX · Nasdaq · Industrials, aerospace and satellite communications · United States · US GAAP · Fiscal year ends December

Latest report: Q2 FY2026, the quarter ended 30 June 2026, released 4 August 2026. Snapshot FY2026Q2_64f8541e.

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Overview

Revenue, quarter

Operating income, quarter

Net income, quarter

Diluted EPS, quarter

Pre-tax margin, last 4 quarters

n/a

Return on invested capital, last 4 quarters

n/a

Select a figure to see the document it came from.

Key Findings

Findings for the latest quarter, with their history over earlier quarters.

Revenue for the quarter ended 30 June 2026 was US$7.8 billion.
Newin Q2 FY2026 · first stated
Rule: Revenue against a year earlier · Sources 10-Q 2026-06
History of this finding, 1 record
1. Q2 FY2026 NewRevenue for the quarter ended 30 June 2026 was US$7.8 billion.Recorded from FY2026Q2_c7270d29 · initial
The company reported a net loss of US$541 million.
Newin Q2 FY2026 · first stated
Rule: Net income against a year earlier · Sources 10-Q 2026-06
History of this finding, 1 record
1. Q2 FY2026 NewThe company reported a net loss of US$541 million.Recorded from FY2026Q2_c7270d29 · initial
Cash and short-term investments exceeded total debt by US$60.6 billion at 30 June 2026.
Newin Q2 FY2026 · first stated
Rule: Net debt or net cash · Sources 10-Q 2026-06
History of this finding, 1 record
1. Q2 FY2026 NewCash and short-term investments exceeded total debt by US$60.6 billion at 30 June 2026.Recorded from FY2026Q2_c7270d29 · initial

Ledger: findings.json. Correction of 20 October 2026: SpaceX reports depreciation alone and a total of depreciation and amortisation with different values in the same filing; the total has no figure for the second quarter of 2026, so depreciation is no longer published as that quarter's depreciation and amortisation. No finding cites the figure.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents2 documents, latest Form 8-K, period ended 14 August 2026List

DownloadsExcel workbook · JSON

SnapshotFY2026Q2_64f8541e

Corporate Events

Acquisition14 August 2026
Completed an acquisition.
Source 8-K 2026-08
Stock split4 August 2026
The filing reported a stock split of 5 for 1.
Source 10-Q 2026-06

Earnings, Returns and Balance Sheet

Revenue

By quarter, US dollars

Operating Income

By quarter, US dollars

Net Income Attributable to the Company

By quarter, US dollars

Net Debt

Total debt less cash and short-term investments, at quarter end, US dollars

Diluted Earnings per Share

By quarter, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a quarter derived from cumulative reports.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

Q2 FY2026

Form 10-Q, period ended 30 June 2026, filed 4 August 2026. Changes are against the previous report, and each figure shows its period.

3changes0thresholds crossed

Changes in This Report 3

NewRevenue Against a Year Earlier10-Q 2026-06
Revenue for the quarter ended 30 June 2026 was US$7.8 billion.
NewNet Income Against a Year Earlier10-Q 2026-06
The company reported a net loss of US$541 million.
NewNet Debt or Net Cash10-Q 2026-06
Cash and short-term investments exceeded total debt by US$60.6 billion at 30 June 2026.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years and the latest quarter, with flows over the last 4 quarters and balances at the quarter end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

By Fiscal Year

Ratio	Q2 FY2026latest quarter
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt + operating lease liabilities
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt

Reconciliation of the Credit Figures

Item	Q2 FY2026latest quarter
Total debt	$39.4bn
Operating lease liabilities	$344m
Lease-adjusted debt	$39.7bn

Method

Lease-adjusted debt is total debt plus operating lease liabilities, before the deduction of cash. Adjusted EBITDA adds goodwill impairment, share-based compensation and operating lease cost to EBIT and depreciation and amortisation; restructuring and litigation charges, other impairments and profits on disposals stay in EBIT. FFO deducts cash interest, lease interest and cash taxes.
Lease interest is the average operating lease liability times the weighted average discount rate of the leases, or the implied cost of debt where the rate is not reported.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.
The filings of Space Exploration Technologies Corp. (SpaceX) do not report operating lease cost, so the lease-adjusted ratios are empty and debt to EBITDA on reported figures takes their place.

Liquidity and MaturitiesCash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

By Fiscal Year

Ratio	Q2 FY2026latest quarter
Debt due within 12 monthsBorrowings due within the next 12 months, which the company must repay or refinance.The larger of long-term debt maturing within 12 months in the maturity schedule and the current portion of long-term debt, + short-term borrowings

Method

Debt due within 12 months is the larger of the first year of the maturity schedule and the current portion of long-term debt, plus short-term borrowings. The schedule of a quarterly report can cover the rest of the fiscal year only and leaves out finance leases.
Capital expenditure and dividends of the fiscal year, or of the last 4 quarters, are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityAccruals and the cash backing of reported earnings.

Accruals and the cash backing of reported earnings.

These ratios have no value for the figures of this company.

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresPublished distress and misstatement models, with their original coefficients and thresholds.

Published distress and misstatement models, with their original coefficients and thresholds.

These ratios have no value for the figures of this company.

Source Documents

Documents of this snapshot, latest first.

Document	Date	Id
Form 8-K, period ended 14 August 2026	14 Aug 2026	8-K:0001628280-26-056945
Form 10-Q, period ended 30 June 2026	4 Aug 2026	10-Q:0001628280-26-052535

Checks

43 of 4 checks passed, 1 warning

Fiscal calendar1 passedFiscal years last 350 to 380 days, quarters 80 to 125 days, and each period starts on the day after the one before. Checked at error level.

Filer identity1 passedThe documents are those of the company of this page. Checked at error level.

Balance sheet identity1 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Coverage0 of 1 passedThe periods and core items expected are present. Checked at warning level.

Q2 FY2026

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	43
Proven by a check	4.7%, 2 values
Confirmed by a second document	0.0%, 0 values
Derived from reported figures	0.0%, 0 values
Values withheld	0
Restated figures tracked	0
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Space Exploration Technologies Corp. (SpaceX), snapshot spacex/FY2026Q2_64f8541e (as of FY2026 Q2); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2026Q2_64f8541e · dataset SHA-256 64f8541eb224cfa901a625bd1dac5b04903a625348cc53bc3c0ad22c9fe125d8 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json