6K Additive reported first-half 2026 revenue of $13.3 million, a 73% increase year-over-year, as its powder and alloy segments expanded under its Burgettstown, Pennsylvania campus expansion program.
The company’s powder segment generated $9.0 million in H1 2026 revenue, up 77% from the prior year, while alloy segment revenue reached $4.2 million, a 66% increase. Quarterly revenue hit a record $7.1 million in Q2 2026, lifting the annualized run rate to $28 million, up from $25 million in Q1 2026 and $22 million in Q4 2025. Gross margin improved to near breakeven at negative 1% in H1 2026, compared with negative 19% in the first half of 2025, excluding depreciation.
Expansion at the Burgettstown facility is on track to increase total production capacity from approximately 1,600 metric tons per annum to over 6,000 metric tons, with powder capacity set to expand fivefold to 1,000 metric tons. Initial production from the expanded site is expected by the end of 2026, with meaningful powder capacity coming online in 2027 and full build-out continuing through 2028.
6K Additive’s cash position stood at $22.1 million as of June 30, 2026, down from $29.5 million at year-end 2025, while total equity rose to $57.0 million. Capital expenditures totaled $1.4 million in H1, with guidance for the second half of 2026 set at $10 million to $11 million, and approximately $12 million planned for 2027. Operating expenses as a percentage of revenue declined to 54% in H1 2026 from 67% in the same period of 2025.
The company’s backlog grew to $11.9 million in Q2, up 23% from the prior quarter, including a powder backlog of $10.3 million. Over 100 customers placed repeat orders accounting for more than 90% of sales, with critical materials including titanium, tungsten, niobium, and nickel powders supplied to aerospace, defense, space, energy, medical, and industrial markets.
Government and financing support included $13.7 million remaining under the Defense Production Act Title III program, $3.9 million in Small Business Innovation Research Phase II awards received in H1 2026, and a $27.4 million loan facility from the Export-Import Bank of the United States progressing toward closure.
