Space Exploration Technologies Corp. (SPCX) Financial Statements
Space Exploration Technologies financial statements at a glance
Space Exploration Technologies reported revenue of $18.67 billion for fiscal year 2025 (ended December 31, 2025), up 33.2% from fiscal year 2024. Net income was -$4.94 billion, a net margin of 26.4% loss, and diluted earnings per share were -$0.51.
At the end of fiscal year 2025 it had total assets of $92.08 billion, total liabilities of $50.75 billion and shareholders' equity of $41.33 billion, with cash and short-term investments of $24.75 billion and total debt of $23.32 billion.
Its operations brought in $6.79 billion of cash; capital spending was $20.91 billion, leaving free cash flow of -$14.12 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 3 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Space Exploration Technologies Corp.
Income Statement
Annual • USD
Space Exploration Technologies key figures by fiscal year
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Revenue | $18.7B | $14.0B | $10.4B |
| Gross profit | $9.2B | $6.0B | $4.3B |
| Operating income | -$2.1B | $742.0M | $507.0M |
| Net income | -$4.9B | $21.0M | -$4.6B |
| Diluted EPS | -$0.51 | $0.00 | -$0.44 |
| Total assets | $92.1B | $57.1B | – |
| Total liabilities | $50.8B | $31.3B | – |
| Shareholders' equity | $41.3B | $25.8B | – |
| Cash and short-term investments | $24.7B | $12.2B | – |
| Total debt | $23.3B | $14.2B | – |
| Operating cash flow | $6.8B | $5.8B | $4.5B |
| Capital spending | $20.9B | $11.2B | $4.4B |
| Free cash flow | -$14.1B | -$5.4B | $105.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2023.
Questions and answers
What was Space Exploration Technologies's revenue in fiscal year 2025?
$18.67 billion, up 33.2% from $14.02 billion in fiscal year 2024.
How much profit does Space Exploration Technologies make?
Space Exploration Technologies reported net income of -$4.94 billion for fiscal year 2025 (26.4% of revenue); operating income was -$2.06 billion.
How much cash and debt does Space Exploration Technologies have?
At the end of fiscal year 2025: cash and short-term investments of $24.75 billion and total debt of $23.32 billion.
What is Space Exploration Technologies's free cash flow?
-$14.12 billion in fiscal year 2025 (operating cash flow of $6.79 billion minus capital spending of $20.91 billion).
