HawkEye 360, Inc. (HAWK)
NYSE NYSE Primary 
HawkEye 360: The Post-IPO Selloff Has Created A Compelling Entry Point
HawkEye 360 is initiated at Buy, with a $21.3 FY 2026 price target, implying 13% upside after a significant post-IPO pullback. HAWK's Q1 revenue surged 116.5% YoY to $49.8M, driven by strong international adoption and a $285M backlog supporting future growth visibility. Profitability remains mixed due to capital intensity, but adjusted EBITDA nearly doubled YoY; liquidity is robust with $110.7M in cash and equivalents.
U.S. IPO Weekly Recap: Space Intelligence Provider HawkEye 350 Leads 5 IPO Week As Pipeline Grows
Five IPOs and three SPACs priced this week. Five IPO and two SPACs submitted filings. Five sizable IPOs are currently scheduled for the week ahead, joined by a direct listing.
HawkEye 360: Keeping A Hawk's Eye
HawkEye 360 surged 30% post-IPO, reflecting strong investor appetite for its SIGINT disruption strategy and robust sales growth. HAWK posted 74% revenue growth in 2025, with operating losses narrowing sharply and a backlog rising to $302 million, over 2.5x annual sales. At $34 per share, the company trades at 14x annualized sales, with momentum driven by accelerating topline and operating leverage but tempered by significant idiosyncratic risks.
