Quarterly ResultJun 22, 2026, 07:12 AM
HawkEye 360 Q1 Revenue $49.8M, up 116.5%; Backlog $285M
AI Summary
HawkEye 360, Inc. announced its first quarter 2026 financial results, reporting record revenue of $49.8 million, a 116.5% increase year-over-year, and record adjusted EBITDA of $7.4 million, up 92.1%. The company also highlighted a backlog of $285.0 million and the successful completion of its initial public offering in May 2026, which raised $435.9 million in net proceeds. Key business achievements included over $100 million in new international contract awards and the launch of six new satellites.
Key Highlights
- Achieved record revenue of $49.8 million, up 116.5% year-over-year.
- Recorded record international revenue of $20.9 million, up 156.8% year-over-year.
- Reported a net loss of $(9.0) million, compared to $(1.6) million in prior year.
- Realized record adjusted EBITDA of $7.4 million, up 92.1% year-over-year.
- Confirmed backlog of $285.0 million as of March 31, 2026.
- Completed an initial public offering in May 2026, raising $435.9 million net proceeds.
- Announced over $100 million in new international contract awards in 2026.
- Successfully launched 6 satellites across Clusters 13 and 14.
Price Impact
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