Tech
HawkEye 360 quarterly revenue hits $49.8 million
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- HawkEye 360 reported record first-quarter 2026 revenue of $49.8 million, representing a 116.5% year-over-year increase.
- The company generated record adjusted EBITDA of $7.4 million despite recording an overall net loss of $9 million.
- Net proceeds of $435.9 million from a recent initial public offering will support ongoing satellite infrastructure expansion.
HawkEye 360 (NYSE:HAWK) achieved record first-quarter 2026 revenue of $49.8 million due to strong global demand.
This top-line figure reflects a 116.5% increase compared to the prior year's performance.
The space-based analytics firm posted a net loss of $9 million along with a record adjusted EBITDA of $7.4 million.
Total contract backlog stood at $285 million at the conclusion of the three-month period.
Following the announcement, HawkEye 360's share price was down at $22.90.
In May 2026, the defense contractor raised $435.9 million in net proceeds through an initial public offering.
The business also added a $125 million revolving credit facility while launching two new satellite clusters.
