FINHUB Insights

Language: EN
Sign in Sign up

SpaceX

SPCX Industrials Market cap $2.01T as of Sep 18, 2026 16:00 ET outside the index

6 of 416 with a diagram, by size

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 4, 2026

Revenue$7.81B +92% year over year
Gross profit$4.32B 55% margin
Operating profit−$0.14B −2% margin
Net profit−$0.54B −7% margin

Sankey diagram of SpaceX's income statement for Q2 FY26: revenue of $7.81 billion splits into segments and flows out into costs, ending in a net loss.
The numbers behind the diagram
All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 7.81 100% +92%
Connectivity 4.29 55% +66%
AI 2.56 33% +247%
Space 0.96 12% +29%
Cost of revenue−3.5045%
Gross profit4.3255% margin+11pp
R&D−3.5545%−3pp
SG&A−0.9112%−3pp
Operating profit−0.14−2% margin+22pp
Interest & other costs−0.38
Net profit−0.54 −7% margin+18pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Balance sheet of SpaceX, Q2 FY26: assets of $192.77B against liabilities and equity.

Assets $192.77B Liabilities $65.55B Equity $127.22B as of Jun 30, 2026

The numbers behind the diagram
All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare
Assets$192.77B100%
Cash$93.52B49%
Short-term investments$6.49B3%
Receivables$3.60B2%
Inventory$2.72B1%
Digital assets$1.10B1%
Other current assets$1.72B1%
Property & equipment$65.74B34%
Goodwill$11.65B6%
Intangibles$1.32B1%
Indefinite-lived intangibles$0.02B0%
Deferred tax assets$0.35B0%
Other assets$4.55B2%
Liabilities$65.55B34%
Payables$8.24B4%
Accrued liabilities$2.38B1%
Deferred revenue$7.98B4%
Short-term debt$2.53B1%
Other current liabilities$0.86B0%
Long-term debt$36.84B19%
Other liabilities$6.73B3%
Equity$127.22B66%
Stockholders' equity$127.22B66%
Capital structure of SpaceX, Q2 FY26: debt of $39.4B against book equity of $127.2B.

Debt to equity 0.31× Net cash $60.6B Interest coverage – fewer than four quarters of statements Return on invested capital – fewer than four quarters of statements Cost of debt, after tax – interest expense is not tagged in the filing Book values as of Jun 30, 2026.

Fewer than four consecutive quarters are filed, so nothing built on a year of flows is shown. The cost of equity, the weighted average cost of capital and the value creation spread need the share price, beta and a risk-free rate, which the filing does not carry. They stay empty rather than estimated.

The numbers behind the diagram
All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueHow it is computed
Total debt short-term and long-term borrowings, as on the debt tab$39.4Bshort-term and long-term borrowings, as on the debt tab
Equity, book value stockholders' equity incl. minority interests, as on the balance sheet$127.2Bstockholders' equity incl. minority interests, as on the balance sheet
Total capital total debt + equity$166.6Btotal debt + equity
Debt share total debt / total capital24%total debt / total capital
Equity share equity / total capital76%equity / total capital
Net cash total debt − cash and short-term investments$60.6Btotal debt − cash and short-term investments
EBIT, last 4 quarters operating income, four quarters summed–operating income, four quarters summed
Depreciation & amortisation, last 4 quarters from the cash flow statement, four quarters summed–from the cash flow statement, four quarters summed
EBITDA, last 4 quarters EBIT + depreciation & amortisation–EBIT + depreciation & amortisation
Interest expense, last 4 quarters four quarters summed–four quarters summed
Debt to equity total debt / equity0.31×total debt / equity
Net debt to EBITDA net debt / EBITDA–net cash $60.6Bnet debt / EBITDA
Interest coverage EBIT / interest expense–fewer than four quarters of statementsEBIT / interest expense
Effective tax rate income tax / pretax income, kept within 0 to 50%–income tax / pretax income, kept within 0 to 50%
NOPAT, last 4 quarters EBIT × (1 − effective tax rate)–EBIT × (1 − effective tax rate)
Invested capital total debt + equity − cash and short-term investments$66.6Btotal debt + equity − cash and short-term investments
Return on invested capital NOPAT / average invested capital–fewer than four quarters of statementsNOPAT / average invested capital
Cost of debt, before tax interest / average total debt: the average coupon of the debt on the books, not today's market rate–interest expense is not tagged in the filinginterest / average total debt: the average coupon of the debt on the books, not today's market rate
Cost of debt, after tax cost of debt before tax × (1 − effective tax rate)–interest expense is not tagged in the filingcost of debt before tax × (1 − effective tax rate)
Cost of equity risk-free rate + beta × equity risk premium–needs market datarisk-free rate + beta × equity risk premium
Weighted average cost of capital cost of equity and after-tax cost of debt, weighted by market value–needs market datacost of equity and after-tax cost of debt, weighted by market value
Value creation spread ROIC − WACC–needs market dataROIC − WACC

Quarter by quarter

So far we hold one set of results. Another one arrives with the next filing.

Quarter Period Reported Revenue Year over year Operating margin Net profit Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 4, 2026 Operating margin −2% Net profit −$0.5B Apr 1 – Jun 30, 2026 Aug 4, 2026 $7.8B +92% −2% −$0.5B −7%
Create a free account All companies