Valuation for MNTS - findataslice

	Momentus Inc. (MNTS)
	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014	Q4-CY2013
Balance Sheet Date		2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31	2023-Sep-30	2023-Jun-30	2023-Mar-31	2022-Dec-31	2022-Sep-30	2022-Jun-30	2022-Mar-31	2021-Dec-31	2021-Sep-30		2021-Mar-31	2020-Dec-31	2020-Sep-30	2020-Jun-30	2020-Mar-31
Fiscal Period		Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023	Q3-FY2023	Q2-FY2023	Q1-FY2023	Q4-FY2022	Q3-FY2022	Q2-FY2022	Q1-FY2022	Q4-FY2021	Q3-FY2021		Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020
Close Price of Common Stock	0.61$	1.33$	1.21$	1.99$	7.98$	0.44$	0.54$	0.45$	1.72$	2.00$	0.31$	0.57$	0.78$	1.37$	2.15$	3.18$	4.18$	10.62$
Market Cap of Common Stock	14,609,941$	15,473,705$	6,699,305$	50,825,434$	203,812,544$	7,273,833$	8,908,159$	2,926,751$	11,254,209$	195,733,512$	29,529,026$	53,630,802$	65,830,327$	114,089,117$	175,774,787$	258,253,464$	336,422,469$	183,108,750$
QoQ%	(5.58%)	130.98%	(86.82%)	(75.06%)	2,702.00%	(18.35%)	204.37%	(73.99%)	(94.25%)	562.85%	(44.94%)	(18.53%)	(42.30%)	(35.09%)	(31.94%)	(23.24%)	83.73%
YoY%	(92.83%)	112.73%	(24.80%)	1,636.58%	1,710.99%	(96.28%)	(69.83%)	(94.54%)	(82.90%)	71.56%	(83.20%)	(79.23%)	(80.43%)	(37.69%)
Common Shares Outstanding	24,148,662	11,634,365	5,536,616	4,777,866	25,540,419	25,540,419	25,540,419	899,068	6,562,221	2,700,909	97,865,351	94,984,332	1,688,824	83,984,571	83,264,832	81,755,715	81,211,781	79,772,262	37,219,054	62,781,272	62,510,690	62,384,407	61,971,893	61,953,937	64,244,007
QoQ%	107.56%	110.14%	15.88%	(81.29%)	.00%	.00%	2,740.77%	(86.30%)	142.96%	(97.24%)	3.03%	5,524.29%	(97.99%)	.86%	1.85%	.67%	1.81%	114.33%	(40.72%)	.43%	.20%	.67%	.03%	(3.57%)
YoY%	(5.45%)	(54.45%)	(78.32%)	431.42%	289.20%	845.62%	(73.90%)	(99.05%)	288.57%	(96.78%)	17.54%	16.18%	(97.92%)	5.28%	123.72%	30.22%	29.92%	27.87%	(39.94%)	1.34%	(2.70%)
Price to Sales	14.16x	14.99x	7.40x	26.43x	96.41x	2.55x	2.89x	.82x	3.64x	89.54x	14.94x	167.07x		345.72x	532.65x	782.59x	1,019.46x
Price to Earnings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Price to Book	-	-	-	-	-	-	-	.84x	3.53x	45.60x	2.31x	1.85x	1.71x	1.90x	2.14x	2.55x	2.55x	1.44x
Total Revenue		234,000$	191,000$	322,000$	285,000$	107,000$	1,209,000$	513,000$	1,023,000$	339,000$	1,705,000$	22,000$	120,000$	129,000$	50,000$		0$	200,000$	0$	130,000$
QoQ%		22.51%	(40.68%)	12.98%	166.36%	(91.15%)	135.67%	(49.85%)	201.77%	(80.12%)	7,650.00%	(81.67%)	(6.98%)	158.00%			(100.00%)	.00%	(100.00%)
YoY%		118.69%	(84.20%)	(37.23%)	(72.14%)	(68.44%)	(29.09%)	2,231.82%	752.50%	162.79%	3,310.00%		.00%	(35.50%)	.00%
TTM		1,032,000$	905,000$	1,923,000$	2,114,000$	2,852,000$	3,084,000$	3,580,000$	3,089,000$	2,186,000$	1,976,000$	321,000$					330,000$
TTM_QoQ%		14.03%	(52.94%)	(9.04%)	(25.88%)	(7.52%)	(13.86%)	15.90%	41.31%	10.63%	515.58%
TTM_YoY%		(63.82%)	(70.66%)	(46.29%)	(31.56%)	30.47%	56.07%	1,015.27%
Gross Margin		100.00%	98.95%	100.00%	100.00%	38.32%	100.00%	100.00%	65.98%	64.90%	77.24%	100.00%	100.00%	89.15%	76.00%			192.00%		63.08%
QoQ		1.05%	(1.05%)	.00%	61.68%	(61.68%)	.00%	34.02%	1.09%	(12.35%)	(22.76%)	.00%	10.85%	13.15%
YoY		61.68%	(1.05%)	.00%	34.02%	(26.58%)	22.76%	.00%	(34.02%)	(24.25%)	1.24%			(102.85%)
Operating Income		(6,246,000$)	(5,944,000$)	(6,185,000$)	(6,799,000$)	(7,593,000$)	(6,964,000$)	(8,327,000$)	(13,845,000$)	(15,066,000$)	(18,894,000$)	(20,367,000$)	(21,092,000$)	(21,640,000$)	(23,719,000$)	(24,824,000$)	(24,677,000$)	(20,721,000$)	(30,534,000$)	(23,829,000$)	(13,430,000$)	(9,433,000$)	(315,695$)	(236,879$)
QoQ%		(5.08%)	3.90%	9.03%	10.46%	(9.03%)	16.37%	39.86%	8.10%	20.26%	7.23%	3.44%	2.53%	8.77%	4.45%	(.60%)	(19.09%)	32.14%	(28.14%)	(77.43%)	(42.37%)	(2,888.01%)	(33.27%)
YoY%		17.74%	14.65%	25.72%	50.89%	49.60%	63.14%	59.12%	34.36%	30.38%	20.34%	17.95%	14.53%	(4.44%)	22.32%	(4.18%)	(83.75%)	(119.67%)	(9,571.99%)	(9,959.57%)
TTM		(25,174,000$)	(26,521,000$)	(27,541,000$)	(29,683,000$)	(36,729,000$)	(44,202,000$)	(56,132,000$)	(68,172,000$)	(75,419,000$)	(81,993,000$)	(86,818,000$)	(91,275,000$)	(94,860,000$)	(93,941,000$)	(100,756,000$)	(99,761,000$)	(88,514,000$)	(77,226,000$)	(47,007,695$)	(23,415,574$)
TTM_QoQ%		5.08%	3.70%	7.22%	19.18%	16.91%	21.25%	17.66%	9.61%	8.02%	5.56%	4.88%	3.78%	(.98%)	6.76%	(1.00%)	(12.71%)	(14.62%)	(64.28%)	(100.75%)
TTM_YoY%		31.46%	40.00%	50.94%	56.46%	51.30%	46.09%	35.35%	25.31%	20.49%	12.72%	13.83%	8.51%	(7.17%)	(21.64%)	(114.34%)	(326.05%)
Operating Margin		(2,669.23%)	(3,112.04%)	(1,920.81%)	(2,385.61%)	(7,096.26%)	(576.01%)	(1,623.20%)	(1,353.37%)	(4,444.25%)	(1,108.15%)	(92,577.27%)	(17,576.67%)	(16,775.19%)	(47,438.00%)			(10,360.50%)		(18,330.00%)
QoQ		442.81%	(1,191.24%)	464.81%	4,710.65%	(6,520.25%)	1,047.18%	(269.83%)	3,090.88%	(3,336.10%)	91,469.12%	(75,000.61%)	(801.47%)	30,662.81%
YoY		4,427.03%	(2,536.03%)	(297.61%)	(1,032.24%)	(2,652.01%)	532.14%	90,954.08%	16,223.30%	12,330.95%	46,329.85%			(6,414.69%)
Net Income		(11,074,000$)	(6,450,000$)	(6,172,000$)	(11,859,000$)	(7,758,000$)	(7,016,000$)	(8,313,000$)	(14,101,000$)	(15,159,000$)	(18,835,000$)	(20,825,000$)	(24,440,000$)	(21,298,000$)	(22,872,000$)	(26,834,000$)	(2,730,000$)	(5,614,000$)	64,327,000$	5,766,486$	(180,698,000$)	(164,610$)	36,372$	1,209,171$
QoQ%		(71.69%)	(4.50%)	47.96%	(52.86%)	(10.58%)	15.60%	41.05%	6.98%	19.52%	9.56%	14.79%	(14.75%)	6.88%	14.77%	(882.93%)	51.37%	(108.73%)	1,015.53%	103.19%	(109,673.40%)	(552.57%)	(96.99%)
YoY%		(42.74%)	8.07%	25.76%	15.90%	48.82%	62.75%	60.08%	42.30%	28.82%	17.65%	22.39%	(795.24%)	(279.37%)	(135.56%)	(565.34%)	98.49%	(3,310.49%)	176,758.57%	376.90%
TTM		(35,555,000$)	(32,239,000$)	(32,805,000$)	(34,946,000$)	(37,188,000$)	(44,589,000$)	(56,408,000$)	(68,920,000$)	(79,259,000$)	(85,398,000$)	(89,435,000$)	(95,444,000$)	(73,734,000$)	(58,050,000$)	29,149,000$	61,749,486$	(116,218,514$)	(110,769,124$)	(175,059,752$)	(179,617,067$)
TTM_QoQ%		(10.29%)	1.73%	6.13%	6.03%	16.60%	20.95%	18.15%	13.05%	7.19%	4.51%	6.30%	(29.44%)	(27.02%)	(299.15%)	(52.80%)	153.13%	(4.92%)	36.73%	2.54%
TTM_YoY%		4.39%	27.70%	41.84%	49.30%	53.08%	47.79%	36.93%	27.79%	(7.49%)	(47.11%)	(406.82%)	(254.57%)	36.56%	47.59%	116.65%	134.38%
Profit Margin		(4,732.48%)	(3,376.96%)	(1,916.77%)	(4,161.05%)	(7,250.47%)	(580.31%)	(1,620.47%)	(1,378.40%)	(4,471.68%)	(1,104.69%)	(94,659.09%)	(20,366.67%)	(16,510.08%)	(45,744.00%)			(2,807.00%)		4,435.76%
QoQ		(1,355.52%)	(1,460.19%)	2,244.28%	3,089.41%	(6,670.15%)	1,040.15%	(242.07%)	3,093.28%	(3,366.99%)	93,554.40%	(74,292.42%)	(3,856.59%)	29,233.92%
YoY		2,517.99%	(2,796.65%)	(296.30%)	(2,782.66%)	(2,778.79%)	524.38%	93,038.62%	18,988.27%	12,038.40%	44,639.31%			(13,703.08%)
Equity to Common Shareholders		(694,000$)	(9,971,000$)	(5,972,000$)	(7,810,000$)	(5,404,000$)	(1,796,000$)	3,485,000$	3,187,000$	4,292,000$	12,757,000$	28,946,000$	38,607,000$	59,890,000$	82,204,000$	101,254,000$	131,888,000$	127,518,000$	(174,326,000$)	(219,009,000$)	(289,472,000$)	(109,932,000$)	(432,000$)	8,547,000$	14,697,000$	24,135$	24,135$
QoQ		9,277,000$	(3,999,000$)	1,838,000$	(2,406,000$)	(3,608,000$)	(5,281,000$)	298,000$	(1,105,000$)	(8,465,000$)	(16,189,000$)	(9,661,000$)	(21,283,000$)	(22,314,000$)	(19,050,000$)	(30,633,000$)	4,370,000$	301,844,000$	44,683,000$	70,463,000$	(179,540,000$)	(109,500,000$)	(8,979,000$)	(6,151,000$)	14,672,865$	0$
QoQ%		93.04%	(66.96%)	23.53%	(44.52%)	(200.89%)	(151.54%)	9.35%	(25.75%)	(66.36%)	(55.93%)	(25.02%)	(35.54%)	(27.15%)	(18.81%)	(23.23%)	3.43%	173.15%	20.40%	24.34%	(163.32%)	(25,347.22%)	(105.05%)	(41.85%)	60,794.97%	.00%
YoY		4,710,000$	(8,175,000$)	(9,457,000$)	(10,997,000$)	(9,696,000$)	(14,553,000$)	(25,461,000$)	(35,420,000$)	(55,598,000$)	(69,447,000$)	(72,308,000$)	(93,280,000$)	(67,628,000$)	256,530,000$	320,263,000$	421,360,000$	237,450,000$	(173,894,000$)	(227,556,000$)	(304,170,000$)	(109,956,135$)	(456,135$)
YoY%		87.16%	(455.18%)	(271.36%)	(345.06%)	(225.91%)	(114.08%)	(87.96%)	(91.75%)	(92.83%)	(84.48%)	(71.41%)	(70.73%)	(53.03%)	147.16%	146.23%	145.56%	216.00%	(40,253.24%)	(2,662.41%)	(2,069.47%)	(455,587.88%)	(1,889.93%)
Dividends Paid
Additional Paid-In Capital QoQ		20,351,000$	2,451,000$	8,010,000$	9,453,000$	4,150,000$	1,735,000$	8,611,000$	12,996,000$	6,695,000$	2,646,000$	11,163,000$	3,158,000$	(1,017,000$)	3,822,000$	(3,799,000$)	7,099,000$			(215,477$)	35,060,175$	164,608$	(36,369$)	(259,468$)
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets		214,000$	227,000$	240,000$	253,000$	265,000$	279,000$	347,000$	341,000$	329,000$	335,000$	340,000$	337,000$	343,000$	720,000$	656,000$	349,000$	344,000$			305,000$
QoQ		(13,000$)	(13,000$)	(13,000$)	(12,000$)	(14,000$)	(68,000$)	6,000$	12,000$	(6,000$)	(5,000$)	3,000$	(6,000$)	(377,000$)	64,000$	307,000$	5,000$
Amortization of Intangible Assets		10,000$	10,000$	10,000$	10,000$	10,000$	10,000$	10,000$	10,000$	13,000$	14,000$	13,000$	10,000$	10,000$	40,000$	40,000$	13,000$	14,000$	12,000$	10,000$	10,000$	10,000$
Total Assets		19,601,000$	9,192,000$	11,727,000$	9,952,000$	14,105,000$	15,006,000$	18,739,000$	20,649,000$	33,489,000$	48,716,000$	68,842,000$	92,423,000$	108,700,000$	133,774,000$	162,424,000$	185,825,000$	205,640,000$		173,724,002$	36,320,000$	174,232,876$	174,446,821$	174,612,112$	174,207,811$
QoQ		10,409,000$	(2,535,000$)	1,775,000$	(4,153,000$)	(901,000$)	(3,733,000$)	(1,910,000$)	(12,840,000$)	(15,227,000$)	(20,126,000$)	(23,581,000$)	(16,277,000$)	(25,074,000$)	(28,650,000$)	(23,401,000$)	(19,815,000$)			137,404,002$	(137,912,876$)	(213,945$)	(165,291$)	404,301$
YoY		5,496,000$	(5,814,000$)	(7,012,000$)	(10,697,000$)	(19,384,000$)	(33,710,000$)	(50,103,000$)	(71,774,000$)	(75,211,000$)	(85,058,000$)	(93,582,000$)	(93,402,000$)	(96,940,000$)		(11,300,002$)	149,505,000$	31,407,124$		(888,110$)	(137,887,811$)
Total Liabilities		20,295,000$	19,163,000$	17,699,000$	17,762,000$	19,509,000$	16,802,000$	15,254,000$	17,462,000$	29,197,000$	35,959,000$	39,896,000$	53,816,000$	48,809,000$	51,569,000$	61,169,000$	53,937,000$	78,122,000$		51,688,352$	325,792,000$	6,989,141$	7,038,476$	7,240,139$	14,952,484$
QoQ		1,132,000$	1,464,000$	(63,000$)	(1,747,000$)	2,707,000$	1,548,000$	(2,208,000$)	(11,735,000$)	(6,762,000$)	(3,937,000$)	(13,920,000$)	5,007,000$	(2,760,000$)	(9,600,000$)	7,232,000$	(24,185,000$)			(274,103,648$)	318,802,859$	(49,335$)	(201,663$)	(7,712,345$)
YoY		786,000$	2,361,000$	2,445,000$	300,000$	(9,688,000$)	(19,157,000$)	(24,642,000$)	(36,354,000$)	(19,612,000$)	(15,610,000$)	(21,273,000$)	(121,000$)	(29,313,000$)		9,480,648$	(271,855,000$)	71,132,859$		44,448,213$	310,839,516$
Current Ratio		.41x	.22x	.40x	.30x	.38x	.54x	.97x	.97x	.92x	1.14x	1.67x	1.76x	2.83x	3.83x	4.16x	4.37x	5.36x		.13x	3.78x	12.88x	10.11x	3.57x	6.97x
Total Current Assets		7,054,000$	4,264,000$	6,837,000$	4,526,000$	5,393,000$	6,159,000$	9,319,000$	10,731,000$	21,157,000$	32,991,000$	53,033,000$	76,274,000$	92,796,000$	117,574,000$	143,686,000$	169,664,000$	189,287,000$		701,696$	27,613,000$	1,148,474$	1,400,070$	1,215,814$	1,361,800$
QoQ		2,790,000$	(2,573,000$)	2,311,000$	(867,000$)	(766,000$)	(3,160,000$)	(1,412,000$)	(10,426,000$)	(11,834,000$)	(20,042,000$)	(23,241,000$)	(16,522,000$)	(24,778,000$)	(26,112,000$)	(25,978,000$)	(19,623,000$)			(26,911,304$)	26,464,526$	(251,596$)	184,256$	(145,986$)
Total Current Liabilities		17,324,000$	18,973,000$	16,973,000$	15,010,000$	14,026,000$	11,501,000$	9,614,000$	11,109,000$	23,102,000$	28,956,000$	31,731,000$	43,226,000$	32,797,000$	30,704,000$	34,522,000$	38,867,000$	35,313,000$		5,430,227$	7,314,000$	89,141$	138,476$	340,139$	195,309$
QoQ		(1,649,000$)	2,000,000$	1,963,000$	984,000$	2,525,000$	1,887,000$	(1,495,000$)	(11,993,000$)	(5,854,000$)	(2,775,000$)	(11,495,000$)	10,429,000$	2,093,000$	(3,818,000$)	(4,345,000$)	3,554,000$			(1,883,773$)	7,224,859$	(49,335$)	(201,663$)	144,830$
Debt to Asset Ratio		1.04x	2.08x	1.51x	1.78x	1.38x	1.12x	.81x	.85x	.87x	.74x	.58x	.58x	.45x	.39x	.38x	.29x	.38x		.30x	8.97x	.04x	.04x	.04x	.09x
Long Term Debt
QoQ
YoY
Capital Lease Obligations		558,000$	716,000$	827,000$	1,018,000$	5,187,000$	5,506,000$	5,821,000$	6,131,000$	6,426,000$	6,716,000$	7,002,000$	7,284,000$	7,565,000$	7,848,000$	8,145,000$	8,473,000$	8,711,000$			326,000$			560,000$
Cash and Cash Equivalents		670,000$	132,000$	3,398,000$	1,572,000$	798,000$	897,000$	1,672,000$	2,118,000$	9,750,000$	21,298,000$	38,630,000$	61,094,000$	81,570,000$	109,052,000$	135,602,000$	160,036,000$	178,059,000$		208,550$	23,005,000$	780,336$	933,897$	984,919$	1,093,184$
QoQ		538,000$	(3,266,000$)	1,826,000$	774,000$	(99,000$)	(775,000$)	(446,000$)	(7,632,000$)	(11,548,000$)	(17,332,000$)	(22,464,000$)	(20,476,000$)	(27,482,000$)	(26,550,000$)	(24,434,000$)	(18,023,000$)			(22,796,450$)	22,224,664$	(153,561$)	(51,022$)	(108,265$)
YoY		(128,000$)	(765,000$)	1,726,000$	(546,000$)	(8,952,000$)	(20,401,000$)	(36,958,000$)	(58,976,000$)	(71,820,000$)	(87,754,000$)	(96,972,000$)	(98,942,000$)	(96,489,000$)		135,393,450$	137,031,000$	177,278,664$		(776,369$)	21,911,816$
Interest Expenses									155,000$	530,000$	732,000$	920,000$	1,096,000$	1,261,000$	1,413,000$	1,492,000$	5,544,000$	4,328,000$	3,389,000$	968,000$	325,000$	67,000$
Interest Income		0$	2,000$	4,000$	1,000$	2,000$	4,000$	18,000$	97,000$	216,000$	357,000$	555,000$	489,000$	28,000$	5,000$		0$		1,000$	1,000$	0$	1,000$		119,502$