HawkEye 360 (NYSE:HAWK) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

HawkEye 360 (NYSE:HAWK) issued its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06, Zacks reports. The business had revenue of $49.81 million for the quarter.

Here are the key takeaways from HawkEye 360’s conference call:

• Q2 revenue rose 87% year over year to $49.8 million, including 33% organic growth excluding the ISA acquisition. International revenue grew 134% organically to $21 million, while backlog increased to approximately $292 million.
• The IPO generated approximately $437.5 million in net proceeds; after repaying $49.5 million of borrowings, HawkEye 360 ended the quarter with $503 million in cash and an undrawn $125 million revolver, supporting satellite investments and potential M&A.
• Management highlighted expanding customer demand, particularly internationally and in the Middle East, alongside planned launches of Clusters 15 and 16 and development of lower-cost Block 3 and lower-latency Block 4 satellites. A military exercise demonstrated more than 50% lower data latency and track quality suitable for fire-control applications.
• Despite higher revenue, Q2 net loss was $15.3 million and adjusted EBITDA declined to $7.0 million from $7.8 million a year earlier as the company increased spending on space, processing, analytics, and public-company costs. Full-year guidance calls for $215 million-$220 million of revenue and $30 million-$36 million of adjusted EBITDA, with results dependent on converting the pipeline and managing international sales cycles.
• The legacy U.S. business declined $3.2 million because government shutdowns and continuing resolutions delayed contracts, while Cluster 15 experienced a schedule push into the second half of 2026. Management also flagged potential uncertainty around launch availability beyond 2028, although launches through 2028 are currently secured.

HawkEye 360 Trading Down 8.4%

HAWK traded down $2.04 during trading on Friday, hitting $22.33. 771,670 shares of the company’s stock were exchanged, compared to its average volume of 1,131,812. The stock’s 50 day moving average is $21.81. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72. HawkEye 360 has a 1 year low of $17.02 and a 1 year high of $35.73.

Wall Street Analyst Weigh In

HAWK has been the subject of a number of analyst reports. Raymond James Financial initiated coverage on HawkEye 360 in a research report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 price target for the company. Robert W. Baird began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They issued an “outperform” rating and a $41.00 price objective for the company. Royal Bank Of Canada dropped their price objective on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Wall Street Zen upgraded HawkEye 360 from a “strong sell” rating to a “sell” rating in a research note on Monday, June 22nd. Finally, William Blair started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, HawkEye 360 presently has an average rating of “Moderate Buy” and an average price target of $36.89.

HawkEye 360 Company Profile

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.