Earnings Releases·Nov 12, 2026, 4:04 PM ET

HawkEye 360 — Third Quarter 2026 Earnings Summary

Revenue surged 84% year-over-year to $59.3 million, driven by record international revenue of $23.3 million, while Adjusted EBITDA rose to $13.3 million and the company eliminated all long-term debt.
Full-year 2026 guidance was raised to $225–$227 million for revenue and $38–$40 million for non-GAAP Adjusted EBITDA, supported by a backlog increase to $300.3 million.
Strategic milestones include securing $54 million in new multi-year contracts with allied partners, transitioning to an operational NRO augmentation contract, and establishing a European subsidiary.
Following the IPO, the company generated $478.4 million in proceeds, repaid $49.5 million in term loans, and saw stockholders' equity turn positive at $805.29 million.
Subsequent to the quarter, the company signed $135 million in global contracts, including over $70 million in follow-on European awards, and successfully launched Clusters 15 and 16.