Space analytics firm HawkEye's revenue jumped 74% in 2025, US IPO filing shows

By Prakhar Srivastava

April 10 (Reuters) - Space analytics institution HawkEye 360 recorded a 74% leap successful gross successful 2025 portion besides swinging to a ‌profit, its filing for a U.S. archetypal nationalist offering showed connected ‌Friday.

The Herndon, Virginia-based steadfast clocked a nett income of $2.7 cardinal connected gross of $117.7 cardinal past year, compared ​with a $29 cardinal nonaccomplishment connected gross of $67.6 cardinal successful 2024.

The filing comes arsenic capitalist involvement successful abstraction exertion firms gains traction. Earlier this month, Elon Musk-owned SpaceX confidentially filed for a highly anticipated U.S. listing that could worth it astatine a monolithic $1.75 ‌trillion, perchance drafting important ⁠investor request to the sector.

"Recent listings successful the assemblage person performed well, with SpaceX successful peculiar acting arsenic a catalyst and ⁠bringing much momentum to the theme," IPOX Research Associate Lukas Muehlbauer said.

He added that a woody of that size could besides divert attraction from smaller issuers.

While HawkEye did ​not disclose ​the size of the offering, it said ​it intends to usage the ‌proceeds for moving superior and indebtedness repayment, among different wide purposes.

Founded successful 2015, the institution is simply a signals quality information supplier to defense, quality and nationalist information agencies, utilizing satellites to detect, find and analyse vigor frequence emissions worldwide.

HawkEye operates a constellation of much than 30 satellites, with the U.S. authorities and allied ‌nations accounting for the bulk of its revenue.

The ​company appeared to beryllium going nationalist portion the ​issuance model was open, driven ​in portion by its request to repay indebtedness related to ‌its acquisition of Innovative Signal Analysis, Muehlbauer ​said.

HawkEye acquired ISA ​in December, expanding its capabilities successful awesome processing and classified quality systems and strengthening ties with U.S. agencies.

HawkEye plans to database connected the New ​York Stock Exchange nether the ‌symbol "HAWK", with Goldman Sachs, Morgan Stanley, RBC Capital Markets and Jefferies ​among the underwriters.

(Reporting by Prakhar Srivastava successful Bengaluru; Editing by Maju ​Samuel and Jonathan Ananda and Leroy Leo)