HawkEye 360 Revenue Doubles With 116.5% Growth, Misses Earnings by $1.06
HawkEye 360 reported first-quarter revenue of $49.8 million, up 116.5% year-over-year, beating Street forecasts by $0.42 million, but posted a GAAP loss of $1.14 per share, missing consensus estimates by $1.06. The company ended the quarter with a $285 million backlog.
HawkEye 360 reported first-quarter revenue of $49.8 million, up 116.5% from $23.0 million in the prior-year period, beating Street forecasts by $0.42 million [1][2]. The satellite-based radio frequency analytics company posted a GAAP loss of $1.14 per share, missing consensus estimates by $1.06 [1][3]. The net loss for the quarter totaled $9 million [3].
The company disclosed a backlog of $285.0 million as of March 31, 2026, unchanged in the press release description from the prior quarter [1][2]. Revenue more than doubled year-over-year as HawkEye expanded its constellation and customer base in defense, intelligence, and commercial maritime tracking. The loss widened versus the prior year despite the revenue surge, reflecting constellation deployment costs and operating expenses scaling ahead of profitability.
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