HawkEye 360(NYSE) HAWK

HawkEye 360 uses satellites to find and study radio signals from around the world. These tools help governments and rescuers find ships and manage communication airwaves. The company identifies electronic signals on land, at sea, and in the air.

What HawkEye 360 Sees

• Radio Frequency Data: Mapping products that track radio waves to reveal activities across terrestrial and aquatic environments; accounts for over 78% of revenue.
• Signal Processing: Advanced software and hardware solutions used for critical national intelligence systems.
• Maritime Intelligence: Services that identify illegal activities or monitor traffic in the open ocean.
• Defense Solutions: Tools that detect GPS jamming and support tactical missions for military units.

Strategic Moves and New Capital

• Acquired Aurora in Dec. 2023 to expand ground processing and automated payload capabilities.
• Purchased ISA in Dec. 2025 to add signal processing solutions for the U.S. intelligence community.
• Completed an initial public offering on May 8, 2026, raising $478.4 million in gross proceeds.
• Repaid $49.5 million in outstanding debt in May 2026 to improve the corporate balance sheet.

Proprietary Tech From Orbit

The company operates more than 30 satellites it designed and built to gather data from space. It uses proprietary artificial intelligence to turn raw radio waves into actionable intelligence for global customers.

The Mid-Year Scorecard

• Total revenue was $49.8 million for the three months ended June 30, 2026, up 87% year over year.
• International revenue grew 134% year over year to $21.0 million during the three-month period ended June 30, 2026.
• The company reported a net loss of $15.3 million for the three months ended June 30, 2026.
• Backlog reached $292.2 million as of June 30, 2026, representing legally binding contracts for future work.
• Cash and cash equivalents totaled $503.4 million as of June 30, 2026.

Bottom Line

HawkEye 360 has grown from a specialized satellite firm into a public provider of global signal intelligence. Recent acquisitions and its growing satellite constellation have increased its ability to serve defense and government missions.