NASDAQ : DFNS
T3 Defense Inc. — Financial statements
Financials · Shell Companies · United States
Last price 3.59 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 10.80M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
T3 Defense Inc. (DFNS) reported revenue of 7.65M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 7.65M | 21.51M | ||||
| Cost of Revenue | 6.26M | 22.17M | ||||
| Gross Profit | 1.38M | -661.40K | ||||
| Selling, General & Admin | 33.65M | 28.26M | 8.44M | 6.71M | 1.95M | 5.90M |
| Amortization of Goodwill & Intangibles | 265.16K | 264.22K | ||||
| Operating Expenses | 35.52M | 29.51M | 8.44M | 6.71M | 2.75M | 6.17M |
| Operating Income | -34.14M | -29.51M | -8.44M | -6.71M | -2.75M | -6.83M |
| Interest Expense | -3.50M | -154.00K | -820.58K | -387.00K | -563.00 | |
| Interest & Investment Income | 3.39M | 279.00K | 159.00 | |||
| Earnings From Equity Investments | -689.25K | |||||
| Other Non Operating Income (Expenses) | -92.88M | 117.82M | -155.39M | -14.24K | ||
| EBT Excluding Unusual Items | -127.12M | 88.44M | -164.65M | -7.10M | -2.75M | -7.53M |
| Asset Writedown | -4.34M | -4.34M | -391.22K | -391.00K | -11.91M | -4.31M |
| Other Unusual Items | -6.68M | -7.48M | -163.57K | 114.00K | ||
| Pretax Income | -141.86M | 76.61M | -165.20M | -7.38M | -14.66M | -11.85M |
| Income Tax Expense | -143.00K | 9.00K | ||||
| Earnings From Continuing Operations | -141.72M | 76.60M | -165.20M | -7.38M | -14.66M | -11.85M |
| Earnings From Discontinued Operations | 6.59M | 2.03M | 4.82M | -1.14M | -2.77M | |
| Net Income to Company | -135.13M | 78.63M | -160.38M | -8.52M | -17.43M | -11.85M |
| Minority Interest in Earnings | -1.94M | -82.00K | ||||
| Net Income | -137.06M | 78.55M | -160.38M | -8.52M | -17.43M | -11.85M |
| Preferred Dividends & Other Adjustments | 7.89M | 7.89M | ||||
| Net Income to Common | -144.95M | 70.66M | -160.38M | -8.52M | -17.43M | -11.85M |
| Shares Outstanding (Basic) | 222.71K | 66.92K | 17.37K | 13.82K | 10.07K | |
| Shares Outstanding (Diluted) | 222.71K | 74.00K | 17.37K | 13.82K | 10.07K | |
| EPS (Basic) | -650.85 | 1,055.98 | -9,232.54 | -616.20 | -1,729.87 | |
| EPS (Diluted) | -650.85 | 995.08 | -9,232.54 | -616.28 | -1,729.87 | |
| Free Cash Flow | -13.49M | -6.23M | -3.55M | -3.82M | -1.23M | 1.62M |
| Free Cash Flow Per Share | -60.58 | -84.18 | -204.50 | -276.17 | -122.32 | |
| Gross Margin | 18.09% | -3.07% | ||||
| Operating Margin | -446.33% | -31.75% | ||||
| Profit Margin | -1,895.02% | -55.06% | ||||
| Free Cash Flow Margin | -176.38% | 7.51% | ||||
| EBITDA | -34.02M | -29.50M | -6.70M | -373.86K | -4.14M | |
| EBITDA Margin | -19.24% | |||||
| D&A For EBITDA | 119.00K | 4.00K | 13.81K | 2.37M | 2.69M | |
| EBIT | -34.14M | -29.51M | -8.44M | -6.71M | -2.75M | -6.83M |
| EBIT Margin | -31.75% | |||||
| Effective Tax Rate | 0.01% | |||||
| Revenue as Reported | 21.51M | |||||
| Advertising Expenses | 420.19K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.84M | 3.90M | 6.90M | 373.00 | 7.85K | 364.02K |
| Short-Term Investments | 2.54M | 250.00K | ||||
| Cash & Short-Term Investments | 7.38M | 4.15M | 6.90M | 373.00 | 7.85K | 364.02K |
| Accounts Receivable | 3.58M | 506.00K | ||||
| Other Receivables | 1.71M | 5.00K | 1.98K | |||
| Receivables | 6.10M | 9.10M | 1.00M | 1.98K | 35.00K | |
| Prepaid Expenses | 159.00K | 102.00K | ||||
| Restricted Cash | 50.00K | |||||
| Other Current Assets | 3.03M | 102.00K | 1.09M | 965.34K | 2.92M | 3.29M |
| Total Current Assets | 21.24M | 13.55M | 9.09M | 965.71K | 2.93M | 3.69M |
| Property, Plant & Equipment | 4.76M | 924.00K | ||||
| Long-Term Investments | 2.45M | 391.22K | 6.60M | |||
| Goodwill | 99.05M | 7.69M | ||||
| Other Intangible Assets | 12.20M | 7.40M | 8.08M | |||
| Other Long-Term Assets | 175.98M | 172.81M | 15.00K | 19.29K | 33.00K | |
| Total Assets | 316.00M | 202.39M | 9.11M | 985.00K | 3.35M | 18.36M |
| Accounts Payable | 4.04M | 124.00K | 70.00K | 51.71K | ||
| Accrued Expenses | 181.00K | 2.55M | 1.14M | 1.49M | 1.78M | 4.88M |
| Short-Term Debt | 7.32M | 854.00K | 1.39M | 2.50M | ||
| Current Portion of Leases | 1.36M | 504.00K | ||||
| Current Unearned Revenue | 203.22K | |||||
| Other Current Liabilities | 140.29M | 39.51M | 168.85M | 3.08M | 7.34M | 2.34M |
| Total Current Liabilities | 153.19M | 43.55M | 171.45M | 7.07M | 9.12M | 7.47M |
| Long-Term Debt | 3.29M | 850.00K | 992.00K | 939.69K | 270.00K | |
| Long-Term Leases | 2.69M | 143.00K | ||||
| Long-Term Deferred Tax Liabilities | 498.00K | 647.00K | ||||
| Other Long-Term Liabilities | 114.00K | 17.00K | 72.95K | 152.39K | ||
| Total Liabilities | 159.77M | 45.19M | 172.46M | 8.08M | 9.55M | 7.47M |
| Common Stock | 10.00K | 2.00K | 209.00 | 126.00 | 1.01K | |
| Additional Paid-In Capital | 207.10M | 102.74M | 37.76M | 33.33M | 25.54M | 25.17M |
| Retained Earnings | -232.16M | -122.53M | -201.08M | -40.29M | -31.77M | -14.34M |
| Comprehensive Income & Other | -276.00K | -34.00K | -144.88K | 31.96K | 58.22K | |
| Total Common Equity | -25.32M | -19.79M | -163.35M | -7.10M | -6.19M | 10.89M |
| Minority Interest | 181.55M | 176.99M | ||||
| Shareholders' Equity | 156.23M | 157.20M | -163.35M | -7.10M | -6.19M | 10.89M |
| Total Liabilities & Equity | 316.00M | 202.39M | 9.11M | 985.00K | 3.35M | 18.36M |
| Total Debt | 14.65M | 2.35M | 2.38M | 3.44M | 270.00K | |
| Net Cash (Debt) | -7.27M | 1.80M | 4.52M | -3.44M | -262.15K | 364.02K |
| Net Cash Per Share | -32.66 | 24.27 | 260.03 | -248.74 | -26.02 | |
| Filing Date Shares Outstanding | 1.66M | 302.59K | 39.44K | 49.62K | 14.80K | 367.18M |
| Total Common Shares Outstanding | 758.66K | 152.21K | 39.44K | 16.79K | 10.07K | 367.18M |
| Working Capital | -131.95M | -29.99M | -162.36M | -6.10M | -6.20M | -3.79M |
| Book Value Per Share | -33.38 | -130.01 | -4,141.31 | -422.68 | -614.71 | 0.03 |
| Tangible Book Value | -136.57M | -34.88M | -163.35M | -7.10M | -6.19M | 2.82M |
| Tangible Book Value Per Share | -180.01 | -229.16 | -4,141.31 | -422.68 | -614.71 | 0.01 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -137.06M | 78.55M | -160.38M | -8.52M | -17.43M | -11.85M |
| Depreciation & Amortization | 119.00K | 4.00K | 2.37M | 2.69M | ||
| Other Amortization | 729.83K | 316.00K | ||||
| Asset Writedown & Restructuring Costs | 391.22K | 11.91M | 887.00 | |||
| Loss (Gain) From Sale of Investments | 3.40M | -301.00K | 4.31M | |||
| Loss (Gain) on Equity Investments | 689.25K | |||||
| Stock-Based Compensation | 22.26M | 20.53M | 160.94K | 230.00K | 370.88K | 1.91M |
| Provision & Write-off of Bad Debts | 529.49K | 1.45K | ||||
| Other Operating Activities | 100.39M | -105.42M | 150.79M | 1.42M | 2.77M | -768.00 |
| Change in Accounts Receivable | -255.00K | 53.47K | ||||
| Change in Accounts Payable | 599.00K | 30.00K | 70.00K | 7.28K | ||
| Change in Other Net Operating Assets | 145.00K | 462.00K | 5.20M | 5.66M | -171.32K | 3.79M |
| Operating Cash Flow | -13.29M | -6.20M | -3.55M | -3.82M | -1.23M | 1.62M |
| Capital Expenditures | -196.00K | -31.00K | ||||
| Cash Acquisitions | -5.34M | -3.50M | -1.00M | |||
| Investment in Securities | 237.00K | 50.00K | 64.00K | |||
| Other Investing Activities | -174.00M | -174.00M | 133.00K | -1.11M | -35.00K | |
| Investing Cash Flow | -182.75M | -179.83M | -936.00K | 133.00K | -1.11M | -35.00K |
| Short-Term Debt Issued | 1.07M | |||||
| Long-Term Debt Issued | 1.35M | 270.56K | ||||
| Total Debt Issued | 535.00K | 2.25M | 2.43M | 270.56K | ||
| Long-Term Debt Repaid | -94.00K | |||||
| Total Debt Repaid | -3.42M | -94.00K | -1.00M | |||
| Net Debt Issued (Repaid) | -2.89M | -94.00K | 1.25M | 2.43M | 270.56K | |
| Issuance of Common Stock | 200.15M | 182.08M | 9.61M | |||
| Other Financing Activities | 952.00K | 582.23K | 572.00K | 147.75K | ||
| Financing Cash Flow | 198.22M | 181.99M | 11.45M | 3.00M | 418.32K | |
| Foreign Exchange Rate Adjustments | 26.00K | 129.00K | 33.38K | 29.00K | 231.40K | -399.26K |
| Net Cash Flow | 2.19M | -3.91M | 7.00M | -656.00K | -1.69M | 1.18M |
| Free Cash Flow | -13.49M | -6.23M | -3.55M | -3.82M | -1.23M | 1.62M |
| Free Cash Flow Margin | -176.38% | 7.51% | ||||
| Free Cash Flow Per Share | -60.58 | -84.18 | -204.50 | -276.17 | -122.32 | |
| Levered Free Cash Flow | 76.48M | -133.12M | -6.49M | 3.08M | 2.49M | |
| Unlevered Free Cash Flow | 78.67M | -133.02M | -6.56M | 3.08M | 2.49M | |
| Cash Interest Paid | 18.00 | 1.00K | ||||
| Change in Working Capital | -427.00K | 492.00K | 5.27M | 5.66M | -171.32K | 3.86M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.41M | 67.08M | 179.30M | 4.88M | 29.37M | 36.16M |
| Enterprise Value | 17.68M | 61.19M | 181.24M | 6.82M | 29.23M | 36.14M |
| Last Close Price | 3.59 | 503.75 | 4,583.75 | 290.60 | 2,915.62 | 3,589.86 |
| PE Ratio | 0.95 | |||||
| PS Ratio | 1.41 | 1.68 | ||||
| PB Ratio | 0.07 | 0.43 | -1.10 | -0.69 | -4.74 | 3.32 |
| P/TBV Ratio | 12.85 | |||||
| P/FCF Ratio | 22.38 | |||||
| P/OCF Ratio | 22.38 | |||||
| EV/Sales Ratio | 2.36 | 1.68 | ||||
| EV/FCF Ratio | 22.37 | |||||
| Debt / Equity Ratio | 0.09 | 0.01 | -0.01 | -0.48 | -0.04 | |
| Net Debt / Equity Ratio | 0.05 | -0.01 | 0.03 | -0.48 | -0.04 | -0.03 |
| Net Debt / EBITDA Ratio | -0.21 | 0.06 | -0.51 | -0.70 | 0.09 | |
| Net Debt / FCF Ratio | -0.54 | 0.29 | 1.27 | -0.90 | -0.21 | -0.23 |
| Asset Turnover | 0.05 | 1.26 | ||||
| Quick Ratio | 0.07 | 0.15 | 0.04 | 0.00 | 0.00 | 0.05 |
| Current Ratio | 0.14 | 0.31 | 0.05 | 0.14 | 0.32 | 0.49 |
| Return on Equity (ROE) | -275.59% | -624.20% | -118.16% | |||
| Return on Assets (ROA) | -13.21% | -17.44% | -193.48% | -15.80% | -24.98% | |
| Return on Invested Capital (ROIC) | -17.45% | -115.46% | -70.85% | |||
| Return on Capital Employed (ROCE) | -21.00% | -18.60% | 5.20% | 110.30% | 47.60% | -62.70% |
| Earnings Yield | -18,810.67% | 117.09% | -89.45% | -174.59% | -59.34% | -32.76% |
| FCF Yield | -124.90% | -9.29% | -1.98% | -78.25% | -4.20% | 4.47% |
| Buyback Yield / Dilution | -613.49% | -326.00% | -25.65% | -37.22% |