The massive GAAP EPS miss versus consensus will dominate trading. With no guidance provided, the market will focus on the widening net loss and cash burn. Monitor the Q2 2026 earnings call for the first full-year outlook and any signs of operating leverage improvement.
Price Chart
Executive Summary
HawkEye 360 reported Q1 2026 revenue of $49.8M, up 116.5% YoY, and a GAAP net loss of $(9.0)M (EPS $(1.14)), far below the consensus estimate of $(0.04). The company highlighted record adjusted EBITDA of $7.4M, a $285M backlog, and a recently completed $435.9M IPO, but did not provide forward guidance. The massive EPS miss versus consensus is the dominant signal, overwhelming the strong revenue growth.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $49.8M, up 116.5% YoY from $23.0M
- GAAP net loss of $(9.0)M vs $(1.6)M in prior year; EPS $(1.14) vs consensus $(0.04)
- Adjusted EBITDA (non-GAAP) of $7.4M, up 92.1% YoY from $3.8M
- Backlog of $285.0M as of March 31, 2026, down from $302.7M at year-end 2025
- Completed IPO in May 2026, raising $435.9M net proceeds
- No financial outlook or guidance provided for 2026
Financial Impact
EPS miss of $(1.10) vs consensus $(0.04) — a 2,650% negative surprise; revenue beat consensus of $49.4M by $0.4M (0.8%)
Risk Factors
- GAAP EPS $(1.14) far below consensus $(0.04) — severe negative surprise
- Net loss widened to $(9.0)M from $(1.6)M YoY despite revenue tripling
- No forward guidance provided, creating uncertainty
- Backlog declined sequentially from $302.7M to $285.0M
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001750704-26-000009 |
| Document: hawk-20260622.htm | 0001750704-26-000009 |
| Document: 0001750704-26-000009-index-headers.html | 0001750704-26-000009 |
| Document: 0001750704-26-000009-index.html | 0001750704-26-000009 |
| Document: 0001750704-26-000009.txt | 0001750704-26-000009 |
| 8-K Data (Synthetic) | 0001750704-26-000009 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | Insider Cluster | $16.27 $12.44 | ▲ +23.54% | ▲ +23.75% | $12.28 (+24.52%) |
Sep 15, 2026 5w ago | Press Release | $16.49 $12.98 | ▼ −21.29% | ▼ −24.26% | $12.28 (−25.53%) |
Aug 18, 2026 9w ago | Press Release | $21.89 $16.37 | ▼ −25.24% | ▼ −24.25% | $12.28 (−43.90%) |
Jun 22, 2026 18w ago | 8-K | $22.28 $18.69 | ▲ +16.11% | ▲ +15.97% | $12.28 (+44.88%) |
May 21, 2026 22w ago | 8-K | $29.63 $22.23 | ▼ −24.99% | ▼ −25.32% | $12.28 (−58.56%) |
May 7, 2026 24w ago | EFFECT | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.28 (−63.88%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.28 (−63.88%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.28 (−63.88%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.28 (−63.88%) |
May 6, 2026 24w ago | 3 | $34.00 $25.91 | ▼ −23.79% | ▼ −26.93% | $12.28 (−63.88%) |
US Market Status
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