HawkEye 360(NYSE) HAWK

HawkEye 360 uses satellites to find radio signals across the globe. These signals help governments and groups track ships and find interference. This data keeps people safe and helps manage crowded airwaves.

Where Does the Data Come From?

• Maritime Intelligence: Tracking vessels and identifying illegal activities at sea, such as in the South China Sea.
• Spectrum Mapping: Monitoring Radio Frequency (RF) usage to prevent interference and manage airwaves.
• GNSS Jamming Detection: Finding sources that block Global Navigation Satellite System (GNSS) signals and navigation.
• Signal Processing: Turning raw electronic signals into usable intelligence for national security agencies and subscription feeds.

Expanding the Satellite Network

• Acquired ISA in December 2025, which contributed $15 million to first-quarter 2026 revenue.
• Broadened technical capabilities through the acquisition of Aurora in December 2023.
• Extended a contract with the NGA (National Geospatial-Intelligence Agency) for emitter data in September 2024.
• Collaborated with the JCO (Joint Commercial Operations) to provide space domain awareness.
• Repaid $49.7 million in outstanding debt in May 2026 using proceeds from its initial public offering.

Why the Technology Stands Out

The company manages the entire chain from satellite design to data analysis. Its proprietary archive contains over one billion data points used to improve tracking accuracy.

Tracking Recent Performance

• Total revenue was $49.8 million for the three months ended March 31, 2026, up 116% year-over-year.
• U.S. customers accounted for 58% of total revenue for the three-month period ended March 31, 2026.
• Backlog was $285 million as of March 31, 2026.
• Adjusted EBITDA was $7.4 million for the three months ended March 31, 2026.

Evolution and Strategy

HawkEye 360 has evolved from a data startup into an integrated defense technology partner. Its recent public listing provides the capital to build a faster, real-time signal tracking network.