Company research
Terran Orbital Corp
CIK 1835512Updated Oct 6, 2026
Securities
Name history
Tailwind Two Acquisition Corp. · through Mar 30, 2022
LLAP price & chart
Historical security
This listing closed Oct 29, 2024. Live provider charts are shown only for current listings.
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | Q3 2023 | Q3 2022 | Q2 2024 | Q2 2023 | Q2 2022 | Q1 2024 | Q1 2023 | Q1 2022 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 170,237,000Source | 150,521,000Source | 188,819,000Source | 158,963,000Source | 165,338,000Source | 192,898,000Source | 156,809,000Source | 169,988,000Source | 220,313,000Source | 182,654,000Source | 347,109,714Source | 197,790Source |
| Property, Plant and Equipment, NetUSD | 47,090,000Source | 48,864,000Source | 47,659,000Source | 41,571,000Source | 42,615,000Source | 48,356,000Source | 31,192,000Source | 38,334,000Source | 46,449,000Source | 24,743,000Source | — | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 38,676,000Source | 35,823,000Source | 30,589,000Source | 48,554,000Source | 62,299,000Source | 43,701,000Source | 57,427,000Source | 76,654,000Source | 71,663,000Source | 93,561,000Source | 1,552,520Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 15,298,000Source | 5,039,000Source | 4,218,000Source | 5,432,000Source | 10,076,000Source | 1,642,000Source | 2,836,000Source | 18,626,000Source | 14,735,000Source | 4,754,000Source | — | — |
| Assets, CurrentUSD | 104,539,000Source | 81,508,000Source | 125,711,000Source | 99,143,000Source | 102,314,000Source | 128,522,000Source | 104,290,000Source | 114,338,000Source | 155,979,000Source | 138,921,000Source | 2,019,891Source | — |
| Prepaid Expense and Other Assets, CurrentUSD | 11,772,000Source | 8,675,000Source | 21,457,000Source | 12,376,000Source | 10,114,000Source | 22,129,000Source | 10,068,000Source | 6,258,000Source | 14,843,000Source | 9,710,000Source | 467,371Source | — |
| Operating Lease, Right-of-Use AssetUSD | 12,300,000Source | 16,438,000Source | 11,374,000Source | 12,473,000Source | 16,892,000Source | 11,713,000Source | 12,481,000Source | 14,119,000Source | 12,098,000Source | 12,736,000Source | — | — |
| Other Assets, NoncurrentUSD | 18,608,000Source | 20,149,000Source | 15,449,000Source | 18,249,000Source | 20,409,000Source | 16,020,000Source | 21,327,000Source | 17,316,000Source | 17,885,000Source | 18,990,000Source | — | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 289,014,000Source | 218,125,000Source | 427,557,000Source | 284,682,000Source | 217,872,000Source | 399,978,000Source | 292,134,000Source | 204,139,000Source | 377,949,000Source | 274,075,000Source | 30,637,374Source | 178,883Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 19,000Source | 14,000Source | 20,000Source | 17,000Source | 14,000Source | 20,000Source | 14,000Source | 14,000Source | 20,000Source | 14,000Source | — | — |
| Additional Paid in CapitalUSD | 351,203,000Source | 260,280,000Source | 362,713,000Source | 317,871,000Source | 248,133,000Source | 358,981,000Source | 280,095,000Source | 234,384,000Source | 355,144,000Source | 269,574,000Source | — | 24,137Source |
| Retained Earnings (Accumulated Deficit)USD | -470,172,000Source | -328,189,000Source | -601,633,000Source | -443,743,000Source | -300,834,000Source | -566,255,000Source | -415,613,000Source | -268,560,000Source | -513,011,000Source | -361,168,000Source | -28,528,523Source | -6,093Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 173,000Source | 291,000Source | 162,000Source | 136,000Source | 153,000Source | 174,000Source | 179,000Source | 11,000Source | 211,000Source | 159,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | — | — | — | — | — | — | — | — | — | — | -28,527,660Source | 18,907Source |
| Liabilities and EquityUSD | 170,237,000Source | 150,521,000Source | 188,819,000Source | 158,963,000Source | 165,338,000Source | 192,898,000Source | 156,809,000Source | 169,988,000Source | 220,313,000Source | 182,654,000Source | 347,109,714Source | 197,790Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 73,233,000Source | 77,674,000Source | 212,372,000Source | 70,225,000Source | 74,070,000Source | 185,518,000Source | 73,142,000Source | 56,599,000Source | 153,899,000Source | 70,736,000Source | 2,157,374Source | 178,883Source |
| Operating Lease, Liability, CurrentUSD | 1,342,000Source | 1,253,000Source | 1,705,000Source | 1,090,000Source | 1,012,000Source | 1,674,000Source | 997,000Source | 834,000Source | 1,505,000Source | 971,000Source | — | — |
| Accounts Payable, CurrentUSD | 31,379,000Source | 19,970,000Source | 23,086,000Source | 24,299,000Source | 17,335,000Source | 24,791,000Source | 26,357,000Source | 10,833,000Source | 22,850,000Source | 21,188,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 18,396,000Source | 19,255,000Source | 16,927,000Source | 18,698,000Source | 19,052,000Source | 17,449,000Source | 19,063,000Source | 15,640,000Source | 17,964,000Source | 19,426,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 19,108,000Source | 19,676,000Source | 17,253,000Source | 19,017,000Source | 19,884,000Source | 17,756,000Source | 21,545,000Source | 16,995,000Source | 18,555,000Source | 20,769,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | — | — | — | — | — | — | — | — | 308,816,000Source | 301,822,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 11,632,000Source | 7,735,000Source | 13,011,000Source | 11,331,000Source | 7,515,000Source | 12,839,000Source | 9,815,000Source | 7,515,000Source | 11,740,000Source | 7,739,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 164,257,000Source | 99,337,000Source | 187,383,000Source | 157,521,000Source | 96,479,000Source | 179,421,000Source | 148,042,000Source | 94,929,000Source | 171,033,000Source | 142,620,000Source | — | — |
| Preferred Stock, Value, Issued | — | —Source | — | — | —Source | — | — | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2023 | Q4 2022 | Q3 2023 | Q3 2022 | Q2 2024 | Q2 2023 | Q1 2024 | Q1 2023 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -26,429,000Source | -27,355,000Source | -35,378,000Source | -28,130,000Source | -53,244,000Source | -54,445,000Source | -151,843,000Source | -163,980,000Source | -2,450,595Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | 3,000,000Source | 1,800,000Source | 2,391,000Source | 919,000Source | 7,843,000Source | 4,008,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 3,816,000Source | 10,166,000Source | 21,467,000Source | 51,082,000Source | — |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -13,072,000Source | -1,992,000Source | 5,395,000Source | -376,000Source | — |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 1,309,000Source | 3,990,000Source | 9,482,000Source | 14,564,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 2,844,000Source | 1,009,000Source | -3,205,000Source | 12,981,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -22,815,000Source | -32,823,000Source | -55,720,000Source | -81,804,000Source | -2,733,519Source |
| Cash flows from investing activities: | |||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -2,498,000Source | -3,162,000Source | -23,147,000Source | -22,469,000Source | -345,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 2,498,000Source | 3,162,000Source | 23,147,000Source | 22,469,000Source | — |
| Cash flows from financing activities: | |||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | — | — | — | 1,515,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -2,574,000Source | -179,000Source | 56,808,000Source | 170,549,000Source | 349,286,039Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 2,551,000Source | 518,000Source | 8,818,000Source | 32,890,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -27,962,000Source | -36,134,000Source | -21,898,000Source | 66,236,000Source | 1,552,520Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 38,676,000Source | 35,823,000Source | 30,589,000Source | 48,554,000Source | 43,701,000Source | 57,427,000Source | 71,663,000Source | 93,561,000Source | 1,552,520Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -75,000Source | 30,000Source | 161,000Source | -40,000Source | — |
| Additional Financial Items | |||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 3,800,000Source | 9,200,000Source | 3,700,000Source | 3,600,000Source | 3,800,000Source | 10,200,000Source | 21,467,000Source | 51,082,000Source | — |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | 409,000Source | 229,000Source | — |
| DepreciationUSD | — | — | 2,300,000Source | 900,000Source | — | 1,800,000Source | 2,400,000Source | 900,000Source | 7,800,000Source | 4,000,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | 0Source | -23,141,000Source | — |
| General and Administrative ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 4,400,069Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | — | 23,694,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | 22,000Source | 54,000Source | 51,000Source | -17,000Source | 52,000Source | 18,000Source | 34,000Source | 160,000Source | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | 89,823Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -26,429,000Source | -27,355,000Source | -35,378,000Source | -28,130,000Source | -53,244,000Source | -54,445,000Source | -151,843,000Source | -163,980,000Source | -2,450,595Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | -151,843,000Source | -163,980,000Source | — |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | — | — | — | 1,949,474Source |
| Other Nonoperating Income (Expense)USD | — | — | 59,000Source | -1,496,000Source | 4,000Source | 26,000Source | 11,000Source | -109,000Source | 103,000Source | -4,514,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 22,172,000Source | 14,791,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | — | — | 1,720,000Source | 77,369,000Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 21,000Source | 339,000Source | 463,000Source | 356,000Source | — |
income statement · annual statements
| Line item | Q4 2023 | Q4 2022 | Q3 2023 | Q3 2022 | Q2 2024 | Q2 2023 | Q1 2024 | Q1 2023 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 43,885,000Source | 27,830,000Source | 30,387,000Source | 32,232,000Source | 27,235,000Source | 28,198,000Source | 135,915,000Source | 94,237,000Source | — |
| Cost of RevenueUSD | — | — | 34,194,000Source | 27,793,000Source | 27,565,000Source | 31,430,000Source | 33,391,000Source | 29,597,000Source | 127,355,000Source | 111,494,000Source | — |
| Selling, General and Administrative ExpenseUSD | — | — | 29,003,000Source | 24,696,000Source | 28,539,000Source | 28,732,000Source | 28,308,000Source | 32,530,000Source | 117,458,000Source | 111,870,000Source | — |
| Operating Income (Loss)USD | — | — | -19,312,000Source | -24,659,000Source | -25,717,000Source | -27,930,000Source | -34,464,000Source | -33,929,000Source | -108,898,000Source | -152,821,000Source | -4,400,069Source |
| Other Nonoperating Income (Expense)USD | — | — | 59,000Source | -1,496,000Source | 4,000Source | 26,000Source | 11,000Source | -109,000Source | 103,000Source | -4,514,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -26,407,000Source | -27,301,000Source | -35,327,000Source | -28,147,000Source | -53,192,000Source | -54,427,000Source | -151,809,000Source | -163,820,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | 22,000Source | 54,000Source | 51,000Source | -17,000Source | 52,000Source | 18,000Source | 34,000Source | 160,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -26,429,000Source | -27,355,000Source | -35,378,000Source | -28,130,000Source | -53,244,000Source | -54,445,000Source | -151,843,000Source | -163,980,000Source | -2,450,595Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.15Source | -0.19Source | -0.17Source | -0.18Source | -0.26Source | -0.38Source | -0.89Source | -1.28Source | — |
| Earnings Per Share, DilutedUSD per share | — | — | -0.15Source | -0.19Source | -0.17Source | -0.18Source | -0.26Source | -0.38Source | -0.89Source | -1.4Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 178,624,492Source | 143,276,708Source | 203,477,086Source | 156,502,662Source | 201,442,209Source | 144,062,103Source | 170,076,500Source | 128,261,443Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 178,624,492Source | 143,276,708Source | 203,477,086Source | 156,502,662Source | 201,442,209Source | 144,062,103Source | 170,076,500Source | 134,122,831Source | — |
| Additional Financial Items | |||||||||||
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 34,000Source | 160,000Source | — |
| General and Administrative ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 4,400,069Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | — | 23,694,000Source | — |
| Gross ProfitUSD | — | — | 9,691,000Source | 37,000Source | 2,822,000Source | 802,000Source | -6,156,000Source | -1,399,000Source | 8,560,000Source | -17,257,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -151,263,000Source | -164,786,000Source | — |
| Interest ExpenseUSD | — | — | 12,657,000Source | 7,147,000Source | 14,607,000Source | 11,729,000Source | 13,696,000Source | 10,934,000Source | 48,502,000Source | 26,644,000Source | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | 89,823Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | -151,843,000Source | -163,980,000Source | — |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | — | — | — | 1,949,474Source |
| Research and Development ExpenseUSD | — | — | 3,800,000Source | 5,500,000Source | 3,900,000Source | 5,200,000Source | 3,400,000Source | 7,500,000Source | 21,300,000Source | 14,500,000Source | — |