{"url_path":"/sec/hawk/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1750704/0001750704-26-000014-index.html","accession_number":"0001750704-26-000014","cik":"0001750704","ticker":"HAWK","issuer_name":"HawkEye 360, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1750704/0001750704-26-000014-index.html","primary_entity_key":"0001750704","primary_entity_name":"HawkEye 360, 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of Contents](#ia9e5aa49513948dfb0047086c428c194_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n______________________\n\nFORM 10-Q\n\n______________________\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ___________ to ___________\n\nCommission File Number: 001-43266\n\n______________________\n\nHawkEye 360, Inc.\n\n(Exact name of registrant as specified in its charter)\n\n______________________\n\nDelaware47-5078666\n\n(State or other jurisdiction of\nincorporation or organization)(I.R.S. Employer\nIdentification No.)\n\n450 Springpark Place, Suite 500\n\nHerndon, Virginia\n20170\n\n(Address of principal executive offices)(Zip Code)\n\n(571) 203-0360\n\n(Registrant’s telephone number, including area code)\n\nN/A\n\n(Former name, former address and former fiscal year, if changed since last report)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading\nSymbol(s)Name of each exchange on which registered\n\nCommon Stock, $0.0001 par valueHAWKNew York Stock Exchange\n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge Accelerated filer☐Accelerated filer☐\n\nNon-Accelerated filer☒Smaller reporting company☐\n\nEmerging growth company☒\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes☐ No☒\n\nAs of June 18, 2026, the registrant had 97,959,969 shares of common stock, $0.0001 par value per share, outstanding.\n\n[Table of Contents](#ia9e5aa49513948dfb0047086c428c194_7)\n\nHawkEye 360, Inc. and Subsidiaries.\n\nQUARTERLY REPORT ON FORM 10-Q\n\nTable of Contents\n\nPage\n\nNumber\n\n[PART I](#ia9e5aa49513948dfb0047086c428c194_13).\n\n[FINANCIAL INFORMATION](#ia9e5aa49513948dfb0047086c428c194_13)\n\n[4](#ia9e5aa49513948dfb0047086c428c194_13)\n\n[Item 1.](#ia9e5aa49513948dfb0047086c428c194_16)\n\n[Financial Statements (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_16)\n\n[4](#ia9e5aa49513948dfb0047086c428c194_16)\n\n[Condensed Consolidated Balance Sheets (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_19)\n\n[4](#ia9e5aa49513948dfb0047086c428c194_19)\n\n[Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_22)\n\n[5](#ia9e5aa49513948dfb0047086c428c194_22)\n\n[Condensed Consolidated Statements of](#ia9e5aa49513948dfb0047086c428c194_22)[Comprehensive Loss (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_22)\n7\n\n[Condensed Consolidated Statements of Mezzanine Equity and Stockholders’ Deficit (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_25)\n8\n\n[Condensed Consolidated Statements of Cash Flows (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_28)\n9\n\n[Notes to Condensed Consolidated Financial Statements (Unaudited)](#ia9e5aa49513948dfb0047086c428c194_31)\n\n[9](#ia9e5aa49513948dfb0047086c428c194_31)\n\n[Item 2.](#ia9e5aa49513948dfb0047086c428c194_88)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ia9e5aa49513948dfb0047086c428c194_88)\n\n[27](#ia9e5aa49513948dfb0047086c428c194_88)\n\n[Item 3.](#ia9e5aa49513948dfb0047086c428c194_130)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#ia9e5aa49513948dfb0047086c428c194_130)\n\n[43](#ia9e5aa49513948dfb0047086c428c194_130)\n\n[Item 4.](#ia9e5aa49513948dfb0047086c428c194_133)\n\n[Controls and Procedures](#ia9e5aa49513948dfb0047086c428c194_133)\n\n[43](#ia9e5aa49513948dfb0047086c428c194_133)\n\n[PART II.](#ia9e5aa49513948dfb0047086c428c194_136)\n\n[OTHER INFORMATION](#ia9e5aa49513948dfb0047086c428c194_136)\n\n[44](#ia9e5aa49513948dfb0047086c428c194_136)\n\n[Item 1.](#ia9e5aa49513948dfb0047086c428c194_139)\n\n[Legal](#ia9e5aa49513948dfb0047086c428c194_139)Proceedings\n\n[44](#ia9e5aa49513948dfb0047086c428c194_139)\n\n[Item 1A.](#ia9e5aa49513948dfb0047086c428c194_142)\n\n[Risk Factors](#ia9e5aa49513948dfb0047086c428c194_142)\n\n[44](#ia9e5aa49513948dfb0047086c428c194_142)\n\n[Item 2.](#ia9e5aa49513948dfb0047086c428c194_145)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ia9e5aa49513948dfb0047086c428c194_145)\n\n[93](#ia9e5aa49513948dfb0047086c428c194_145)\n\n[Item 3.](#ia9e5aa49513948dfb0047086c428c194_148)\n\n[Defaults Upon Senior Securities](#ia9e5aa49513948dfb0047086c428c194_148)\n\n[94](#ia9e5aa49513948dfb0047086c428c194_148)\n\n[Item 4.](#ia9e5aa49513948dfb0047086c428c194_133)\n\n[Mine Safety Disclosures](#ia9e5aa49513948dfb0047086c428c194_151)\n\n[94](#ia9e5aa49513948dfb0047086c428c194_151)\n\n[Item 5.](#ia9e5aa49513948dfb0047086c428c194_154)\n\n[Other Information](#ia9e5aa49513948dfb0047086c428c194_154)\n\n[94](#ia9e5aa49513948dfb0047086c428c194_154)\n\n[Item 6.](#ia9e5aa49513948dfb0047086c428c194_157)\n\n[Exhibits](#ia9e5aa49513948dfb0047086c428c194_157)\n\n[95](#ia9e5aa49513948dfb0047086c428c194_157)\n\n[Signatures](#ia9e5aa49513948dfb0047086c428c194_160)\n\n[96](#ia9e5aa49513948dfb0047086c428c194_160)\n\ni\n\n[Table of Contents](#ia9e5aa49513948dfb0047086c428c194_7)\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis Quarterly Report on Form 10-Q of HawkEye 360, Inc. (the “Company”)contains forward-looking statements. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial condition, our business strategy and plans, market growth, and our objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these terms or other similar expressions intended to identify statements about the future. These forward-looking statements include, but are not limited to, statements concerning the following:\n\n•our expectations regarding financial condition or results of operations, including our expectations regarding revenue, cost of sales and operating expenses, and our ability to achieve and maintain profitability;\n\n•our future sources of and needs for liquidity and capital resources;\n\n•our expectations regarding the size and growth of the market for our products and services;\n\n•our business strategies and our ability to grow our business;\n\n•our ability to continue to successfully design, build, and operate our satellites and payloads;\n\n•our expectations regarding the growth of the global RF exploitation market and increasing demand for space-based SIGINT;\n\n•our ability to enhance existing or develop new products and services and the impact of any such enhancements or developments;\n\n•our ability to improve and expand our operations and information systems;\n\n•our ability to realize the anticipated benefits from integrating our business with the business of ISA;\n\n•the implementation or interpretation of current or future regulations and legislation;\n\n•the impact of disruptions in U.S. Government operations and funding and the budgetary priorities of the U.S. Government;\n\n•our ability to maintain contracts and relationships with our U.S. Government and allied international government customers;\n\n•our ability to realize our backlog;\n\n•our ability to attract and retain skilled personnel and senior management;\n\n•the increased expenses associated with being a public company;\n\n•our ability to maintain our existing, or to develop additional, valuable intellectual property rights;\n\n•our focus on a specific public benefit purpose and potential resulting negative effects on our financial performance; and\n\n•the other factors discussed under “Risk Factors.”\n\nYou should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in the section titled “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q. Moreover, we operate\n\n2\n\n[Table of Contents](#ia9e5aa49513948dfb0047086c428c194_7)\n\nin a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report on Form 10-Q. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements.\n\nThe forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information, actual results, revised expectations, or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions, and expectations disclosed in the forward-looking statements we make. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments.\n\nEach of the terms the “Company,” “HawkEye 360,” “we,” “our,” “us” and similar terms used herein refer collectively to HawkEye 360, Inc. and, where appropriate, our subsidiaries.\n\n3\n\n[Table of Contents](#ia9e5aa49513948dfb0047086c428c194_7)\n\nHawkEye 360, Inc. and Subsidiaries\n\nCondensed Consolidated Balance Sheets (Unaudited)\n\n(in thousands, except per share and share amounts)"}