HawkEye 360, Inc. 2026: Revenue $49.8M, EPS ($1.14) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.HawkEye 360 reported Q2 2026 revenue of $49.8M, up 116.5% YoY, driven by RF data sales and the ISA acquisition. Despite a net loss of $9.54M and diluted EPS of ($1.14), the company expanded its customer base toward U.S. government and allied nations. With over 30 satellites operational and a $285M backlog, HawkEye is shifting its business model toward recurring subscription revenue while continuing R&D in AI/ML and low-latency technologies.
HawkEye 360, Inc. reported results for the 2026 quarter with revenue rising to $49.8M, driven by expanded RF data sales and the December 2025 ISA acquisition, while the company recorded a net loss and wider loss per share versus the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $49.8M | $23M | 116.5% |
| Net income² | ($9.54M) | ($2.14M) | (345.9%) |
| Diluted EPS³ | ($1.14) | ($0.3) | (280%) |
¹ Reported as “Total revenue”. ² Reported as “Net loss attributable to common shareholders”. ³ Reported as “loss per share of common stock, basic and diluted”.
Business Highlights
- Revenue growth of 116% year over year to $49.8M, driven by expanded RF data sales and the December 2025 ISA acquisition.
- Customer mix shifted toward the U.S. government and allied international customers; the U.S. represented 58% of revenue with notable contributions from the U.K. and Japan.
- Business model evolution from one-off tasking toward subscriptions and resale of low-latency RF feeds to increase recurring revenue.
- Operational scale continued to expand with 30+ satellites on orbit and ongoing R&D in payloads, AI/ML signal processing and lower-latency Block 3 technology.
- Firm backlog of approximately $285M provides contract visibility and supports predictable, long-running government revenue streams and land-and-expand opportunities.
Original SEC Filing: HawkEye 360, Inc. [ HAWK ] - 10-Q - Jun. 22, 2026