HawkEye 360 (HAWK) Q2 2026 Earnings Call: Revenue Up 87%, Outlook Maintained
Source Tradingkey
Key Takeaways
- Q2 2026 revenue rose 87% year over year to $49.8 million. Organic revenue growth was 33% after excluding the Innovative Signal Analysis, or ISA, acquisition.
- International revenue reached a record $21.0 million, up 134% organically. U.S. revenue increased 63% to $28.8 million, including $14.4 million from ISA.
- Adjusted EBITDA was $7.0 million, representing a 14% margin, while free cash flow improved to $5.4 million. The company reported a net loss of $15.3 million.
- Backlog increased to $292 million at June 30, 2026, from $285 million at March 31. Management said $82 million of backlog is scheduled for recognition in the second half of 2026.
- HawkEye 360 maintained its 2026 outlook for revenue of $215 million to $220 million and adjusted EBITDA of $30 million to $36 million.
- The IPO generated approximately $437.5 million in net proceeds. Quarter-end cash totaled $503 million, and a new $125 million revolving credit facility remained undrawn.
Core Financial Results
| Metric | Q2 2026 | Change / Commentary |
|---|---|---|
| Revenue | $49.8 million | Up 87% year over year |
| Organic revenue growth | — | 33% year over year, excluding ISA |
| International revenue | $21.0 million | Up 134% year over year, entirely organic |
| U.S. revenue | $28.8 million | Up 63%; included $14.4 million from ISA |
| Net income (loss) | $(15.3) million | Compared with net income of $1.6 million in Q2 2025 |
| Adjusted EBITDA | $7.0 million | 14% margin; compared with $7.8 million a year earlier |
| Free cash flow | $5.4 million | Compared with $(1.3) million in Q2 2025 |
| Backlog | $292 million | Up from $285 million at March 31, 2026 |
| Cash and cash equivalents | $503 million | As of June 30, 2026 |
| IPO net proceeds | Approximately $437.5 million | From the sale of 18.4 million common shares |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Oil prices surged 5% following direct Israel-Iran strikes, while gold tumbled below $4,300 as a blowout U.S. jobs report fueled intense market anxieties over a December Federal Reserve rate hike.
XRP (XRP) price trades near $1.05, caught between a year-long downtrend and a sudden burst of buying.July has historically rewarded XRP holders. This year the month arrives with on-chain accumulation
Intel Corporation (NASDAQ: INTC) sits at $140.05, holding firm on the ascending trendline within the 2H timeframe. The RSI indicator is currently reading 55.21, positioning it as neutral-
Gold holds above $4,350 following weak US jobs data. As inflation reports approach and UBS eyes $5,000, can XAUUSD break resistance at $4,435 to rally toward $4,500?
Gold Price Analysis Today: Gold Drops 1.32% Despite Lower Fed Rate-Hike Bets, Can $4,313 Support Hold?
Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
