Catenaa, Friday, April 10, 2026- Space analytics company HawkEye 360 plans to go public on US trading after recording a 74% jump in revenue in 2025 and swinging to a profit.
The Herndon, Virginia-based firm clocked a net income of $2.7 million on revenue of $117.7 million last year, compared with a $29 million loss on revenue of $67.6 million in 2024, while net income rose to $48,000 from a net loss of $31.2 million, according to the SEC filing.
The company’s backlog rose more than sixfold last year to nearly $303 million, up from $44 million the prior year.
The company specializes in radio frequency intelligence collected from space. HawkEye 360 operates a constellation of more than 30 satellites that detect and geolocate RF signals from emitters such as radars, jammers, and satellite phones, delivering intelligence used in military and national security operations for the US Government and allied partners.
The filing comes as investor interest in space technology firms gains traction.
Earlier this month, Elon Musk-owned SpaceX confidentially filed for a highly anticipated US listing that could value it at a massive $1.75 trillion, potentially drawing significant investor demand to the sector.
While HawkEye did not disclose the size of the offering, it said it intends to use the proceeds for working capital and debt repayment, among other general purposes.
HawkEye acquired ISA in December, expanding its capabilities in signal processing and classified intelligence systems and strengthening ties with US agencies.
HawkEye 360 was valued at nearly $2 billion in a recent $173 million Series E funding round led by NightDragon, according to data provider PitchBook.
HawkEye plans to list on the New York Stock Exchange under the symbol “HAWK”, with Goldman Sachs, Morgan Stanley, RBC Capital Markets, and Jefferies among the underwriters.
