6K Additive on Wednesday reported first-half 2026 revenue of $13.3 million, a 73% increase from the prior-year period, as the specialty metal powder manufacturer advanced expansion plans at its Burgettstown, Pennsylvania facility.
The company’s powder segment generated $9.0 million in revenue, up 77% year-over-year, while the alloy segment contributed $4.2 million, a 66% increase. Gross cash profit in the powder segment reached $0.6 million, moving the segment to near breakeven gross margin, compared with a $1.2 million loss in H1 2025. The alloy segment’s gross margin improved to a $0.1 million loss from a $0.3 million loss in the prior-year period. Excluding depreciation, gross margin was positive $0.8 million.
Operating expenses declined to 54% of revenue from 67% in H1 2025, though the company reported an operating loss of $7.2 million. Net loss narrowed 41% year-over-year to $6.8 million from $11.6 million. Cash and cash equivalents totaled $22.1 million at June 30, down from $29.5 million at year-end 2025.
Backlog rose 23% quarter-over-quarter to $11.9 million, including powder backlog of $10.3 million. The company’s annualized revenue run rate increased to $28 million in Q2 from $25 million in Q1 and $22 million in Q4 2025, reflecting sequential growth.
6K Additive is expanding its Burgettstown campus to increase total production capacity from approximately 1,600 metric tons per year to over 6,000 metric tons by 2028. Powder capacity is set to rise five-fold to 1,000 metric tons annually. Initial production from the expanded facility is expected by the end of 2026, with full build-out continuing through 2028.
Capital expenditures totaled $1.4 million in H1, with full-year 2026 expected between $10 million and $11 million, including $10 million for major construction and equipment. 2027 CapEx is projected at roughly $12 million. The company’s current ratio stood at 7.6 as of June 30.
Government funding supports the expansion, including $13.7 million remaining under the Defense Production Act Title III for the Burgettstown project and $3.9 million in SBIR Phase II awards received evenly in Q1 and Q2 2026. The company also has an approved $27.4 million loan facility with the Export-Import Bank of the United States, with documentation progressing toward final closure.
