HawkEye 360 reports 87% year-over-year Q2 revenue growth and $292.2 million backlog
47 FOMOThe company reported second-quarter revenue of $49.8 million compared with $26.6 million in the prior-year period. International revenue reached $21 million, while net loss was $15.3 million. Backlog stood at $292.2 million as of June 30, 2026. HawkEye also reported $437.5 million in net proceeds from its May IPO.
Why it matters
Revenue growth and backlog indicate strong demand for commercial RF intelligence. Profitability and the conversion of backlog into recurring cash flow remain important indicators to monitor.
The numbers
Revenue of $49.8 million, up 87% compared to the prior-year period of $26.6 million.
SourceRevenue of $49.8 million, up 87% compared to the prior-year period of $26.6 million.
SourceAchieved record international revenue of $21.0 million, up 134% compared to the prior-year period.
SourceSuccessfully closed an IPO in May 2026, raising $437.5 million in net proceeds.
SourceCoverage
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HawkEye 360 ·
HawkEye 360 Announces Second Quarter 2026 Financial ResultsHawkEye 360 reported second-quarter revenue of $49.8 million, up 87% year over year, and international revenue of $21 million, up 134%. Net loss was $15.3 million. The company reported a backlog of $292.2 million at June 30 and confirmed $437.5 million in net IPO proceeds.
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The company reported second-quarter revenue of $49.8 million compared with $26.6 million in the prio