GomSpace Reports 72% Revenue Increase in 2025

Small satellite manufacturer sees profit jump, but major customer nonpayment impacts cash flow

Published on Mar. 1, 2026

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Small satellite manufacturer GomSpace reported a 72% increase in revenue in 2025 compared to 2024, with a quadrupling of EBITDA and a 9% margin. However, the company faced negative cash flow due to a major customer's nonpayment of bills totaling 145 million Swedish krona ($13.6 million), equivalent to a third of GomSpace's 2025 revenue.

Why it matters

GomSpace's strong financial performance in 2025 demonstrates the growing demand for small satellite technology, but the nonpayment issue from a major customer highlights the risks and challenges faced by manufacturers in this competitive industry.

The details

GomSpace, a Denmark-based small satellite manufacturer, saw its revenue increase by 72% in 2025 compared to the previous year. The company also reported a quadrupling of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and a 9% profit margin. However, the positive financial results were tempered by a major customer's nonpayment of bills, totaling 145 million Swedish krona ($13.6 million), which is equivalent to a third of GomSpace's 2025 revenue.

  • GomSpace reported its 2025 financial results in February 2026.

The players

GomSpace

A Denmark-based small satellite manufacturer that reported strong financial performance in 2025, including a 72% increase in revenue and a quadrupling of EBITDA.

Unseenlabs

A France-based company that operates a fleet of 19 satellites and is almost certainly the major customer that failed to pay GomSpace, according to the report.

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What they’re saying

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What’s next

The report does not provide any clear next steps, as the focus is on GomSpace's 2025 financial performance and the nonpayment issue from a major customer.

The takeaway

GomSpace's strong financial results in 2025 demonstrate the growing demand for small satellite technology, but the nonpayment issue from a major customer highlights the risks and challenges faced by manufacturers in this competitive industry, underscoring the importance of effective customer management and cash flow monitoring.