York Space Systems (YSS) investor relations material

Company overview and business model

• Provides vertically integrated, mission-critical space and defense solutions for national security, government, and commercial clients, with proprietary hardware and software spanning the full mission lifecycle.

• Recognized as the leading provider to the DoD's PWSA by number of spacecraft in orbit, contracts, and contract types as of September 2025.

• Offers modular S-CLASS, LX-CLASS, and M-CLASS satellite platforms, enabling rapid, scalable, and cost-effective deployment.

• Differentiates through price, speed, and capabilities, producing satellites at about half the cost of competitors and pioneering Link-16 connectivity from space.

• Recurring revenue model driven by ongoing software, services, and hardware replacement cycles, with a typical replacement cycle of five to six years.

Financial performance and metrics

• Revenue for the nine months ended September 30, 2025 was $280.9M, up 59% from $176.9M in the prior year period.

• Gross profit for the same period increased to $54.4M (19% margin) from $16.8M (9% margin) year-over-year.

• Net loss for the nine months ended September 30, 2025 was $56.0M, compared to $73.6M in the prior year period.

• Adjusted EBITDA for the nine months ended September 30, 2025 was $(6.9)M, an improvement from $(39.0)M in the prior year period.

• Backlog as of September 30, 2025 was $642M, with 67% expected to be recognized as revenue within 12 months.

Use of proceeds and capital allocation

• Estimated net proceeds of $473.6M (or $546.2M if underwriters' option is exercised in full) based on a $32.00/share IPO price.

• Proceeds intended for working capital, growth, general corporate purposes, inventory, and capital expenditures; may also be used for acquisitions or investments.

• No specific large single use identified for the proceeds at this time.