HawkEye 360 Reports Record Q1 Revenue of $49.8M (Up 116.5% YoY) and Positive Adjusted EBITDA
HAWK is trading near its 52-week low of $22.25 (3.6% above the low).
Summary
HawkEye 360 announced its first-quarter 2026 financial results, reporting record revenue of $49.8 million, up 116.5% year-over-year, and positive adjusted EBITDA, despite an increased net loss.
Key Events · Earnings and Guidance · HAWK
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Record Q1 Revenue
Achieved record revenue of $49.8 million for the quarter ended March 31, 2026, representing a 116.5% increase compared to the prior-year period.
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Increased Net Loss
Reported a net loss of $(9.0) million for Q1 2026, compared to a net loss of $(1.6) million in the prior-year period.
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Positive Adjusted EBITDA Growth
Realized record adjusted EBITDA of $7.4 million, up 92.1% year-over-year, a non-GAAP metric.
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Backlog Update
Confirmed a backlog of $285.0 million at quarter-end, a slight decrease from $302.7 million at 2025 year-end.
Analysis · HAWK · Technology
This 8-K provides the first detailed financial results for HawkEye 360 as a public company following its IPO in May 2026. While the company reported a higher net loss, it also demonstrated significant revenue growth and positive Adjusted EBITDA, indicating strong business momentum in its core operations. The market will be assessing whether the rapid top-line growth and operational profitability can eventually lead to overall net profitability, especially given the stock is trading near its 52-week low.
At the time of this filing, HAWK was trading at $23.06 on NYSE in the Technology sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $22.25 to $35.73. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.