HawkEye 360, Inc. (NYSE: HAWK) announced its financial results for the third quarter ended September 30, 2026, in a press release filed with the SEC on November 12, 2026. The company reported total revenue of $59.3 million for the quarter, representing an 84% increase compared to the prior-year period of $32.2 million.
International revenue reached $23.3 million, up 76% year-over-year and 11% sequentially from the second quarter. The company recorded a net loss of $(0.2) million for the quarter, a shift from net income of $1.7 million in the prior year. Non-GAAP Adjusted EBITDA was $13.3 million, compared to $9.6 million in the prior year. Net cash provided by operating activities was $9.6 million, while Free Cash Flow was $137.0 thousand.
As of September 30, 2026, the company reported a backlog of $300.3 million. In the third quarter, HawkEye 360 signed $54 million in new multi-year contract awards with 11 allied partners and nations. Additionally, the company signed $135 million in global contracts subsequent to the quarter, with more than $70 million dedicated to European contract awards.
On the operational front, the company launched Clusters 15 and 16 in October. These are the first satellites built for simultaneous RF collection and mission data downlink. The company has secured launch opportunities through 2028 to maintain constellation continuity.
For the full year 2026, HawkEye 360 raised its revenue guidance to $225 million and $227 million. Non-GAAP Adjusted EBITDA guidance is set between $38 million and $40 million. The company noted that a reconciliation of the non-GAAP Adjusted EBITDA outlook to the most directly comparable GAAP measure is not available without unreasonable efforts due to uncertainties regarding stock-based compensation and other items.
