Stockholm – November 05, 2026 -- GomSpace has set a medium-term target of SEK 1.6 billion in annual revenue by 2030, implying a compound annual growth rate of at least 30% from last-twelve-month (LTM) Q3 2026. The small-satellite provider also aims for an EBITDA margin above 20% over the same period and expects to supplement internally generated funds with additional capital.
Revenue has doubled to SEK 515 million in two years
On a rolling 12-month basis, GomSpace revenue rose from SEK 257 million in Q3 2024 to SEK 515 million in Q3 2026, an annualized growth rate of about 42%. EBITDA margin exceeded 10% at the end of that period. The company attributes the progress to dedicated business units with defined market focus, accountability and go-to-market responsibility, introduced over the past three years.
Margin target rests on scale, standardization and industrialization
GomSpace expects economies of scale, greater standardization and industrialization, and continued product innovation to lift margins above 20%, potentially complemented by inorganic initiatives. The margin may vary with the mix of business between units.
Market growth alone will not deliver the target
Citing Extrapolate, GomSpace notes that the market for small satellites below 500 kg is projected to grow from USD 3.79 billion in 2024 to USD 9.58 billion in 2031, a CAGR of 14.2%. The company says the forecast does not match every segment it serves. Reaching the target will require both market growth and sustained market-share gains.
Products and Satellite Systems carry the growth plan
The two largest units, Products and Satellite Systems, are expected to form the core of growth. GomSpace expects them to grow well above the market through repeat business with existing customers and expansion into new regions.
The North America unit is also expected to grow well above the market, with progressively stronger traction through 2030. Faster acceleration would be upside.
Advanced Missions covers Space Domain Awareness, very low Earth orbit (VLEO), and lunar and deep-space exploration. It is expected to grow in line with the market and stay profitable, prioritizing strategic technology development over near-term profit. Larger European programs, faster technology adoption or accelerated lunar and deep-space activity could add upside.
National & Defense Solutions targets sovereign programs that can bring larger, longer-duration contracts and better backlog visibility. It starts from a limited revenue base and is expected to contribute progressively.
CEO warns of lumpy results from larger contracts
CEO Carsten Drachmann said the plan will require "larger contracts, expansion into new markets and further investment in technology, business models and our portfolio." Larger opportunities carry longer sales cycles and create value over several years, so results may vary between periods. GomSpace expects a balanced build-up across units rather than reliance on any single business unit or award. Earlier or larger contract wins would be significant upside, but timing is difficult to predict.