Quarterly ResultJun 22, 2026, 08:37 AM
HawkEye 360 Completes $435.9M Net IPO; Q1 Revenue Up 116%
AI Summary
HawkEye 360, Inc. completed its Initial Public Offering (IPO) on May 8, 2026, raising net proceeds of $435.9 million. This significant capital infusion follows the December 2025 acquisition of Innovative Signal Analysis, Inc. (ISA) for $166.5 million, which expanded the company's signal intelligence capabilities. For the first quarter ended March 31, 2026, the company reported a substantial increase in total revenue to $49.8 million, up 116% year-over-year, though net loss widened to $9.0 million.
Key Highlights
- HawkEye 360 completed IPO on May 8, 2026, raising $435.9 million net proceeds.
- Total revenue for Q1 2026 increased 116% to $49.8 million YoY.
- Net loss for Q1 2026 widened to $(9.0) million from $(1.6) million YoY.
- Net loss per common share was $(1.14) in Q1 2026, compared to $(0.30) in Q1 2025.
- Cash and cash equivalents rose to $106.1 million as of March 31, 2026.
- Net cash used in operating activities improved to $(3.3) million from $(7.5) million YoY.
- Remaining performance obligations totaled $106.4 million, including a $100.0 million contract.
- Acquired Innovative Signal Analysis, Inc. (ISA) in December 2025 for $166.5 million.
Price Impact
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