Sidus Space reported a total revenue of $3.38 million for the fiscal year 2025, which represented a 28% decline from $4.67 million in 2024. The company also experienced a net loss that widened to $29.5 million in 2025 from $17.5 million in 2024, reflecting higher depreciation, an impairment charge, and increased operating expenses. Additionally, net cash used in operating activities increased to $14.07 million for the nine months ended September 30, 2025, compared to $10.29 million a year earlier. In terms of funding, Sidus Space completed a public offering of 10.8 million shares of Class A common stock at $1.50 per share, raising approximately $16.2 million in gross proceeds for working capital and general corporate purposes. Furthermore, the company raised about $25 million through a follow-on public offering by selling 19,230,800 shares at $1.30 per share. The gross profit margin deteriorated to -168% in 2025 from -31% in 2024, primarily due to higher non-cash depreciation associated with the expansion of its satellite fleet.