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Financials · DFNS

T3 Defense Inc. (DFNS) financials

For the twelve months ended Jun 30, 2026, T3 Defense Inc. reported -$135.21M of net income.

Net income, TTM
-$135.21M
Free cash flow, TTM
-$13.49M
Cash
$4.08M
Market cap
$7.5M
Annual revenue$5.91M
FY2023FY2024
Annual net income$78.55M
FY2019FY2025

DFNS revenue and earnings growth

DFNS revenueQ2 2026$4.00M

QoQ
+9.4%
FY YoY
-72.2%

DFNS revenue was $4.00M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $0 a year earlier and up 9.4% from the prior quarter. For the full fiscal 2024 it was $5.91M, down 72.2% from fiscal 2023.

DFNS net incomeQ2 2026-$81.43M

DFNS net income was -$81.43M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $3.02M a year earlier. For the full fiscal 2025 it was $78.55M. Fiscal 2025 is the highest of the 5 fiscal years on file.

DFNS EPSQ2 2026-$173.80

DFNS diluted EPS was -$173.80 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was $995.00.

DFNS free cash flowQ2 2026-$4.89M

DFNS free cash flow was -$4.89M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.36M a year earlier. For the full fiscal 2025 it was -$6.23M.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue-$5.91M$21.30M--
Cost of revenue-$4.91M$21.64M--
Gross profit-$998.5K-$343.1K--
Selling, general and admin$28.08M$6.71M---
Operating income-$32.60M-$7.11M-$14.66M-$148.0K-$20.7K
Interest expense$154.0K$387.0K$1.8K--
Pre-tax income$76.61M-$7.38M-$17.43M--
Income tax$9.0K----
Net income$78.55M-$8.52M-$17.43M-$317.7K-$20.7K
EPS, basic$1056.25-$616.25-$1730.00-$90.00-$40.00
EPS, diluted$995.00-$616.25-$1730.00-$90.00-$40.00
Diluted shares73,999.93613,825.15210,074.6643,697.454562.77

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$2.63M$373$7.8K$712.8K$27.7K
Short-term investments$250.0K----
Receivables$506.0K----
Inventory$0----
Current assets$13.55M$965.7K$2.93M$46.73M-
Goodwill$7.69M----
Total assets$202.39M$985.0K$3.35M$46.73M$210.0K
Current liabilities$43.55M$7.07M$9.12M$328.0K$205.7K
Short-term debt$12.0K----
Total debt-$3.31M---
Total liabilities$45.19M$8.08M$9.55M$575.7K$205.7K
Shareholders' equity-$19.79M-$7.10M-$6.19M$154.8K$4.3K

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$6.20M-$3.82M-$1.23M-$137.1K-$20.2K
Capital expenditures$31.0K----
Free cash flow-$6.23M----
Investing cash flow-$179.83M$133.0K-$1.11M-$46.00M-
Financing cash flow$181.99M$3.00M$418.3K$46.82M$47.9K
Stock-based compensation$18.83M$230.0K$370.9K--
Depreciation and amortization--$273.7K--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY--72.2%---
Gross margin-16.9%-1.6%--
Operating margin--120.1%-68.8%--
Net margin--144.1%-81.8%--
Return on equity----205.2%-476.6%
Return on assets38.8%-864.9%-519.8%-0.7%-9.8%
Current ratio0.310.140.32142.46-

Source: XBRL data T3 Defense Inc. files with the SEC, latest filing dated Aug 18, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-8, first reported Feb 10, 2025; 1-for-125, first reported Aug 18, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DFNS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DFNS---$135.21M-$7.5M
GIBC$15.91B+8.4%C$1.66B10.4%$19.15B
BAH$10.98B-6.2%$784.00M7.1%$10.28B
G$5.34B+6.7%$588.48M11.0%$7.12B
FCN$3.98B+7.8%$233.42M5.9%$5.29B
RHI$5.30B-2.9%$121.73M2.3%$4.33B
EXPO$659.07M+15.4%$114.67M17.4%$4.06B
HURN$1.86B+12.3%$113.54M6.1%$2.55B
MAN$18.92B+7.3%$120.30M0.6%$2.07B

DFNS FAQ

6 questions
  • Is DFNS profitable?
    No. T3 Defense Inc. reported a net loss of $135.21M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does DFNS have?
    T3 Defense Inc. reported $4.08M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DFNS revenue growing?
    T3 Defense Inc.'s revenue changed -72.2% in fiscal 2024, to $5.91M.
  • What is DFNS free cash flow?
    T3 Defense Inc. generated -$13.49M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$13.29M less capital expenditures.
  • When did DFNS last report financial results?
    The latest statements here come from T3 Defense Inc.'s 10-Q filed on Aug 18, 2026, covering the period ended Jun 30, 2026.
  • Where does this DFNS financial data come from?
    Quantisnow builds these statements from the structured XBRL data T3 Defense Inc. files with the SEC. It is provided for information only and is not investment advice.