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HAWK +17.28% today · Analysis updated Nov 13, 2026, 10:34 AM ET
Why is HawkEye 360, Inc. (HAWK) stock up today?
HawkEye 360 reported third-quarter results after the close on November 12. Revenue was a record $59.3 million, up 84% from a year earlier (about 24% excluding its ISA acquisition), and adjusted EBITDA (profit before interest, taxes, depreciation and some non-cash costs) rose 39% to $13.3 million. International revenue rose 76% to $23.3 million. It raised its 2026 revenue outlook to $225-227 million and its adjusted EBITDA outlook to $38-40 million, and said it has signed about $135 million of new contracts since October 1, more than $70 million of them follow-on European awards. Backlog stands at $300 million, and it holds about $495 million of cash with no debt. By about 10:26 AM ET the stock was up about 17% at $17.20.
News behind the analysis
- HawkEye 360 Announces Third Quarter 2026 Financial ResultsRecord revenue, international revenue +76%, $135 million of new contracts after quarter-end and a raised 2026 outlook.
- Why is HawkEye 360 stock surging today?Pre-market jump tied to record results, a raised outlook and new contract awards.
- HawkEye 360 Q3 2026 slides: record revenue, raised guidanceBacklog $300.3 million; $494.9 million cash and zero debt; evaluating $150-170 million acquisitions.
- Hawkeye 360 Inc Reports Q3 Revenue of $59.3 Million, Misses Analyst Estimate of $61.19 MillionRevenue up 84% but below the $61.19 million consensus; small GAAP net loss.
- HawkEye 360 (NYSE:HAWK) Shares Gap Up Following Analyst UpgradeShares gapped higher at the open after an analyst upgrade.
About HawkEye 360, Inc.
HawkEye 360 is a Herndon, Virginia company that runs clusters of small satellites in low Earth orbit. The satellites detect and pinpoint radio-frequency signals from the ground, such as ship radios, radars and jammers. It has been public since a May 2026 NYSE IPO that raised about $400 million, and it is one of the few listed companies focused on commercial RF geolocation from space.
How it makes money
It sells RF signal data, analytics and related mission services, mostly to the US government, defense agencies and allied international governments. Customers use it for maritime monitoring, finding illegal fishing, detecting GPS jamming and military intelligence. Revenue is roughly $170 million a year (approximate, trailing). Much of it comes from multi-year contracts and subscriptions, and a growing share comes from international customers. The company is not yet consistently profitable.
What usually moves HAWK
- US and allied defense and intelligence budgets
- New government contract wins and renewals
- Satellite launches and constellation expansion
- International demand for maritime and RF monitoring
- Post-IPO volatility and progress toward profitability
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