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Operates a satellite constellation that detects and geolocates radio-frequency signals for defense and commercial customers.
Operates a satellite constellation that detects and geolocates radio-frequency signals for defense and commercial customers.
Sells data and analysis from its satellites as subscriptions and contracts, mainly to defence and intelligence agencies and also to commercial clients such as maritime shippers. It owns its satellites, so revenue depends on keeping the constellation launched and replenished.
In one line: A signals-intelligence Planet Labs.
Moat: narrow (IP / patents, installed base, regulatory licence). One of few commercial constellations able to geolocate RF emitters, with cleared government relationships.
Headquarters: Herndon, Virginia, US · Founded: 2015 · Employees: 419
Size HawkEye 360 (HAWK) is a United States Information Technology company (Data Processing Services) with a market value of $1.45B, the 2020th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.79 on 6 Nov 2026.
Performance Over six months the shares fell 55.5%, against -30.0% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 19 in its peer set.
Growth Revenue grew 88.2% over the last twelve months (peer median +10.7%); the operating margin is -8.4% (peer median 0.9%).
Valuation It trades at 5.7× enterprise value to sales against a peer median of 5.7× (11th cheapest of 21).
Capital Return on invested capital runs 23.3 points below its cost of capital (19.7% WACC).
Backlog Backlog (remaining performance obligations) was $105M at 30 Jun 2026. Backlog detail →
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | $168M | $118M | $67.6M |
| Revenue growth | — | +74% | — |
| Gross profit | $95.8M | $72.4M | $23.4M |
| EBITDA | $17.2M | $20.5M | -$9.50M |
| Net income | -$21.6M | $2.27M | -$29.0M |
| Free cash flow | n/a | -$28.4M | -$24.0M |
| Capital expenditure | n/a | $11.1M | $35.8M |
| Total debt | $16.7M | $510M | $355M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| HawkEye 360 HAWK | $1.45B | -55% | +88% | -8% | 5.7× | n/a |
| Planet Labs PBC PL | $4.57B | -68% | +44% | -26% | 11.1× | n/a |
| BlackSky Technology BKSY | $873M | -46% | +4% | -43% | 7.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HAWK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.6% | -16.4% | 4th highest of 21 |
| 6-month return | -55.5% | -30.0% | 4th lowest of 19 |
| Distance from 52-week high | -58.6% | -48.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +88.2% | +10.7% | 5th highest of 21 |
| Operating margin | -8.4% | 0.9% | 7th lowest of 21 |
| EV / Sales | 5.7× | 5.7× | 11th cheapest of 21 |
| ROIC minus cost of capital | -23.3 pp | -7.0 pp | 3rd lowest of 19 |
| EV / EBITDA | 55.9× | 13.3× | most expensive of 11 |
| Net debt / EBITDA | -28.3× | 1.6× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HawkEye 360 HAWK | United States | $1.45B | -55% | +88% | -8% | 5.7× | n/a | n/a |
| Suncorporation 6736.T | Japan | $1.49B | +22% | -11% | 1% | 23.8× | n/a | n/a |
| JMDC 4483.T | Japan | $1.52B | +10% | +19% | 20% | 5.0× | 19.7% | +24.6% |
| ChronoScale CHRN | United States | $1.57B | -31% | +190% | -68% | 32.6× | n/a | n/a |
| Bitdeer Technologies BTDR | United States | $1.63B | -55% | +128% | -30% | 3.8× | n/a | n/a |
| Capitalonline Data Service 300846.SZ | China | $1.28B | -37% | 0% | -7% | 7.0× | n/a | n/a |
| Innodata INOD | United States | $1.27B | -56% | +39% | 17% | 3.2× | 15.9% | +34.0% |
| ASrock Rack 7711.TW | Taiwan | $1.23B | +35% | +183% | 10% | 1.2× | 7.5% | +42.1% |
| Rendong 002647.SZ | China | $1.20B | -43% | +6% | 6% | 3.9× | 42.3% | -17.2% |
| Keel Infrastructure KEEL | United States | $1.15B | -53% | -23% | -121% | 7.8× | n/a | n/a |
| Shenzhen Xunce Technology 3317.HK | Hong Kong | $1.93B | -79% | +287% | -3% | 6.4× | n/a | n/a |
| Liberty Capital GLIBA | United States | $1.06B | -2% | +13% | 13% | 1.8× | 0.8% | +113.1% |
| VNET Group, Inc. Sponsored ADR VNET | United States | $1.00B | -64% | +23% | 7% | 3.5× | n/a | n/a |
| BLS International Services BLS.NS | India | $973M | -23% | +29% | 23% | 2.5× | 9.7% | +44.4% |
| Beijing Topnew Info & Tech 300895.SZ | China | $938M | -27% | +1% | -25% | 23.4× | 54.6% | -3.4% |
| DXC Technology DXC | United States | $2.31B | +58% | -3% | 1% | 0.4× | 3.2% | -6.5% |
| Csquare CSQR | United States | $2.39B | n/a | +9% | 10% | 7.9× | n/a | n/a |
| Sunevision 1686.HK | Hong Kong | $2.46B | -29% | +6% | 52% | 11.2× | 10.9% | +10.7% |
| Kingsoft Cloud 3896.HK | Hong Kong | $2.54B | -47% | +35% | -3% | 1.8× | n/a | n/a |
| Ucap Cloud Information Technology 688228.SS | China | $786M | -26% | -39% | -14% | 13.1× | 39.9% | +6.8% |
| Ionic Digital IOND | United States | $2.68B | n/a | -8% | -44% | 18.5× | n/a | n/a |
HawkEye 360 reported $105M of remaining performance obligations at 30 Jun 2026 and down 1% from the previous quarter. Book-to-bill last quarter: 0.98.