Terran Orbital Corp
LLAPDelisted Oct 30, 2024- Industry
- Guided Missiles & Space Vehicles & Parts
- SEC CIK
- 0001835512
Terran Orbital Corp was delisted on Oct 30, 2024; its insiders filed their last Form 4 on Nov 1, 2024; 97 institutions reported holding it in 13F filings for Q3 2024, worth $14.0M in total; no superinvestor held it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:35 PM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2023! | FY2022 | FY2021 |
|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Jan 3, 2024 | Mar 21, 2023 | – |
| Revenue | $0 | $94.2M | – |
| Cost of revenue | $127.4M | $111.5M | – |
| Gross profit | $8.56M | -$17.3M | – |
| Research and development | $21.3M | $14.5M | – |
| Selling, general and administrative | $117.5M | $111.9M | $4.40M |
| Operating income | -$108.9M | -$152.8M | -$4.40M |
| Interest expense | $48.5M | $26.6M | – |
| Income tax | $34.0K | $160.0K | – |
| Net income | -$151.8M | -$164.0M | -$2.45M |
| EPS, basic | $-0.89 | $-1.28 | – |
| EPS, diluted | $-0.89 | $-1.40 | – |
| Weighted shares, basic | 170.1M | 128.3M | – |
| Weighted shares, diluted | 170.1M | 134.1M | – |
| Margins and growth | |||
| Gross margin | – | -18.3% | – |
| Operating margin | – | -162.2% | – |
| Net margin | – | -174.0% | – |
| Revenue growth, year over year | −100.0% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2023 | FY2022 | FY2021! |
|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Jan 3, 2024 | Mar 21, 2023 | – |
| Cash and equivalents | $71.7M | $93.6M | $1.55M |
| Accounts receivable | $14.7M | $4.75M | – |
| Total current assets | $156.0M | $138.9M | $2.02M |
| Property, plant and equipment | $46.4M | $24.7M | – |
| Total assets | $220.3M | $182.7M | $347.1M |
| Accounts payable | $22.9M | $21.2M | – |
| Short-term debt | $11.7M | $7.74M | – |
| Total current liabilities | $153.9M | $70.7M | $2.16M |
| Long-term debt | $171.0M | $142.6M | – |
| Total liabilities | $377.9M | $274.1M | $30.6M |
| Shareholders' equity | -$157.6M | -$91.4M | -$28.5M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Period end | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Jan 3, 2024 | Mar 21, 2023 | – |
| Operating cash flow | -$55.7M | -$81.8M | -$2.73M |
| Capital expenditures | $23.1M | $22.5M | – |
| Free cash flow | -$78.9M | -$104.3M | – |
| Depreciation and amortization | $7.84M | $4.01M | – |
| Stock-based compensation | $21.5M | $51.1M | – |
| Investing cash flow | -$23.1M | -$22.5M | -$345.0M |
| Financing cash flow | $56.8M | $170.5M | $349.3M |
| Net change in cash | -$21.9M | $66.2M | $1.55M |
| Ratio | |||
| Stock-based compensation, % of revenue | – | 54.2% | – |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 8, 2024 | 204.4M | +18.6% | SEC |
| May 7, 2024 | 202.1M | +39.3% | SEC |
| Mar 25, 2024 | 201.3M | +39.5% | SEC |
| Nov 7, 2023 | 194.5M | +36.6% | SEC |
| Aug 7, 2023 | 172.4M | +25.0% | SEC |
| May 8, 2023 | 145.0M | +5.6% | SEC |
| Mar 15, 2023 | 144.3M | +5.1% | SEC |
| Nov 2, 2022 | 142.4M | – | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.