sidus space inc-a 2025年季度报告

FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to ___________ Commission File Number:001-41154 SIDUS SPACE, INC.(Exact name of registrant as specified in its charter) (321)450-5633(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Class A common stock, $0.0001 par value TheNasdaqStock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of Class A and B common shares outstanding as of November 13, 2025 was35,147,483and100,000; respectively. PageNo.PART I. FINANCIAL INFORMATIONItem 1.Financial Statements (2025Unaudited)Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 20243Condensed Consolidated Statements of Operations for the Three and Nine Months ended September 30, 2025 and20244Condensed Consolidated Statements of Stockholders’ Equity for the Three and Nine Months ended September 30,2025 and 20245Condensed Consolidated Statements of Cash Flows for the Nine Months ended September 30, 2025 and 20247Notes to the Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3.Quantitative and Qualitative Disclosures About Market Risk47Item 4.Controls and Procedures47PART II. OTHER INFORMATIONItem 1.Legal Proceedings48Item 1A.Risk Factors48Item 2.Unregistered Sales of Equity Securities and Use of Proceeds48Item 3.Defaults Upon Senior Securities48Item 4.Mine Safety Disclosure48Item 5.Other Information48Item 6.Exhibits48Signatures492 SIDUS SPACE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS SIDUS SPACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(UNAUDITED) SIDUS SPACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) SIDUS SPACE, INC.NOTES TO THE UNAUDITED CONDENCED CONSOLIDATED FINANCIAL STATEMENTSSeptember 30, 2025 Organization Sidus Space Inc. (“Sidus”, “we”, “us” or the “Company”), was formed as Craig Technologies Aerospace Solutions, LLC, in the stateof Florida, on July 17, 2012. On April 16, 2021, the Company filed a Certificate of Conversion to register and incorporate with thestate of Delaware and on August 13, 2021 changed the company name to Sidus Space, Inc. Description of Business Founded in 2012, Sidus Space is an innovative, space and defense technology provider offering flexible, cost-effective solutions,including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and managementoperations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space AccessReimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of spacesystem and data collection performance. We offer customers a variety of mission options whether the ability to host a technology, procure a satellite bus, or simply purchasedata as a service. Our flight proven modular satellite, LizzieSat® is a hybrid 3D printed, multi-sensor, multi-mission satellite, which isthe first of its kind, offering a flexible, cost-effective platform that can be easily adapted to integrate new technologies or customizedand scaled to create a new satellite design to meet mission requirements. Our products and services are offered through several verticals: Satellite Design and Manufacturing