LA PLATA, Maryland — Small satellite manufacturer GomSpace reported a 72% increase in revenue in 2025 compared to 2024, with a quadrupling of EBITDA and a 9% margin but a negative cash flow because of its largest customer’s nonpayment of bills.
The nonpayment totals 145 million Swedish krona ($13.6 million), which is equivalent to a third of GomSpace’s 2025 revenue.
Denmark-based GomSpace did not name the customer, but it’s almost certainly France-based Unseenlabs, which operates a fleet of 19 satellites to provide . . .
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