"Adjusted" EBITDA of just under $25m on a revenue number of almost $118m gives them a 21% adjusted EBITDA margin in FY2025. Revenue growth in FY25 was 74%.
HawkEye "democratises" RF signals intelligence data, previously the domain of state actors. This is one category of satellite data; others include optical data (photographs) and thermal imaging data.
RF signals are emitted from a multitude of sources including mobile devices, jammers, beacons, drones and missile systems. HawkEye captures, geolocates and classifies signals from orbit.
In December 2025, they acquired Signal Analysis Incorporated, a signal processing defence specialist.
There are a few direct competitors, with firms like Vantor and Satellogic specializing in optical, and Hydrosat and SatVus specializing in thermal data. France based Unseenlabs (founded 2015) maintains a nanosatellite constellation using RF emissions to locate vessels at sea, which have disabled their AIS transponders - and hence is focused more exclusively on the maritime space.
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