earnings
confidence high
sentiment positive
materiality 0.70
HawkEye 360 Q1 revenue $49.8M (+116.5% YoY); net loss widens to $9.0M
HawkEye 360, Inc.
- Record revenue of $49.8M, up 116.5% YoY; international revenue $20.9M (+156.8% YoY).
- Net loss of $(9.0)M versus $(1.6)M prior year; adjusted EBITDA (non-GAAP) $7.4M (+92.1% YoY).
- Backlog $285.0M at quarter end; IPO closed in May 2026 with net proceeds of $435.9M from 18.4M shares at $26.00.
- New $125M revolving credit facility maturing May 2031; over $100M in international contract awards in 2026.
- Launched Cluster 13 and 14 satellites; selected for European MoD electronic warfare program up to $75M.