York Space Systems Inc. · NYSE:YSS
York Space Systems — Q4 2025 Earnings Presentation
11 slides from York Space Systems's earnings presentation, Mar 19, 2026
Slide 1: Q4 and Full Year 2025
Fm, @4 AND FULL YEAR 2025 re
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of, and the Company intends such forward-looking statements to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inher
Slide 3: Introduction
INTRODUCTION sme) YOR K MISSION PRIME Delivers across whole mission lifecycle, with vertically integrated suite of product and software and own ground station network “ne PROVEN EXECUTION RAPIDLY GROWING MARKET 33 satellites currently on orbit, mission Golden Dome and other major programs operations
Slide 4: Mission Planning Software
York Manufactures and Integrates Critical Components, Architects the Entire Mission Scope, Integrates the Spacecraft and Payload(s), Organizes Launch Services, Provides Full-scale Mission Operations for Long-tail, Post-launch Monetization and Integrates with Ground Stations MISS 1O MISSION OPERATION
Slide 5: Proven Execution
PROVEN EXECUTION — FIRST —_—_____e First LEO-LEO laser link between vendors First to orbit with 21 Tranche 1 Transport Layer satellites for PWSA Contact within 15 hours of launch separation First ever Space-to-Ground Link 16 connectivity Demonstrated in-plane, inter-vendor, and space-to- ground opti
Slide 6: Secular tailwinds driven by rising global threat environment
Secular tailwinds driven by rising global threat environment Space Domain Awareness Missile Defense Connectivity to the Warfighter Counter-Space Capabilities
Slide 7: Full Year Results
FULL YEAR 202 5 RES ULT S§S REVENUE ° 100 200 300 400 $386.2M * 2025 gt a m2 $253.5M a ° / 2024 ir Y 3 A g o Strong Growth Revenue up Forecasting Positive ” continues 52% YOY Adj. EBITDA in 2026 Adjusted EBITDA is a non-GAAP measure. See reconciliation table at end of this presentation for a definit
Slide 8: Satellites in Orbit Drive Recurring Revenue
SATELLI TES ON ORB T 2027 estimate based solely on backlog as of 12/31/2025; does not account for any new business wins since then. Satellites in orbit drive recurring revenue 2027E 2025 Backlog represents the Company's estimate of the revenue it expectsit periods as a result of performing work on c
Slide 9: Strong Business Leverage
STRONG BUS INES S&S LEVERAGE (Dollars in millions) $400 $386 / GROWTH / Revenue /’ Revenue is scaling much +52% // faster than expenses. 4 $300 / / 4 $254 7 $200 $134 $124 = SG&A+R&D $100 +8% $0 2024 2025
Slide 10: York Space Systems Q4 and Full Year 2025
YORK SPACE SYSTEMS @4 AND FULL YEAR 2025
Slide 11: Reconciliation Tables
RECONCILIATION TABLES Adjusted EBITDA Reconciliation FY 2025 FY 2024 Net Loss ($84.54) ($98.91) Interest Expense 26.62 29.92 interest Income (2.98) (1.20) income Tax Benefit (10.70) (25.38) Depreciation and amortization 50.34 48.08 EBITDA (non-GAAP) ($21.26) ($47.49) Changes in the Fair Value of (0.