HawkEye 360 Q1 2026 Financial Results and Revenue Growth

Herndon, VA. HawkEye 360, Inc. (NYSE: HAWK), a global leader in signals intelligence data and analytics, announced its financial results for the first quarter ended March 31, 2026, highlighting a period of significant growth and successful capital expansion.

The company achieved a record revenue of $49.8 million, representing a 116.5% increase compared to the $23.0 million reported in the same period last year. International revenue was a major contributor to this performance, reaching $20.9 million, up 156.8% year-over-year. Despite these gains, the company reported a net loss of $9.0 million, compared to a net loss of $1.6 million in the prior-year period.

Financial Highlights:

• Record Revenue: $49.8 million, an increase of 116.5% year-over-year.
• Adjusted EBITDA: Reported at $7.4 million, reflecting a 92.1% increase from $3.8 million in the previous year.
• Backlog: $285.0 million as of quarter end.
• Capital Position: Successfully completed an initial public offering in May 2026, generating $435.9 million in net proceeds.

Business Update:

• International Expansion: The company announced new international contract awards exceeding $100 million in 2026, including a $75 million electronic warfare program selected by a European Ministry of Defense.
• Infrastructure Growth: Successfully launched and established communications with Cluster 13 and Cluster 14 satellites, expanding on-orbit collection capabilities and RF detection capacity.
• Financial Flexibility: Entered into a new $125 million revolving credit facility maturing in 2031 to support strategic growth initiatives.