DFNS · XBRL financial data
T3 Defense financial statements, every fiscal year
The same tables from 10 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (DFNS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | †Dec 31, 2022 | Sep 30, 2023 | Sep 30, 2024 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 21,298 | 5,913 | — | — |
| Cost of revenue | — | — | 21,641 | 4,915 | — | — |
| Gross profit | — | — | (343) | 999 | — | — |
| General and administrative | — | — | — | 6,714 | — | 28,082 |
| Total operating expenses | — | — | 17,120 | 15,177 | — | 32,600 |
| Other operating income (expense) | — | — | 35 | — | — | — |
| Operating income (loss) | (671) | (1,202) | (17,463) | (14,178) | — | (32,600) |
| Interest expense | — | — | 2 | 343 | — | 154 |
| Other income (expense) | — | — | 35 | 12 | — | — |
| Income tax expense (benefit) | — | — | — | — | — | 9 |
| Net income (loss) | (599) | (968) | (17,428) | (8,519) | — | 78,549 |
| Earnings per share, basic USD per share | (0.10) | (0.21) | (1.73) | (4.93) | — | 8.45 |
| Earnings per share, diluted USD per share | (0.10) | (0.21) | (1.73) | (4.93) | — | 7.96 |
| Weighted average shares, basic thousands of shares | 6,111 | 4,636 | 10,075 | 1,728 | — | 8,364 |
| Weighted average shares, diluted thousands of shares | 6,111 | 4,636 | 10,075 | 1,728 | — | 9,250 |
- † Share count changed about 1/3 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (DFNS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | †Dec 31, 2022 | Sep 30, 2023 | Sep 30, 2024 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 283 | 280 | 19 | 4 | 6,898 | 2,627 |
| Marketable securities | — | — | — | — | — | 250 |
| Accounts receivable | — | — | — | — | — | 506 |
| Inventory | — | — | — | — | — | 0 |
| Prepaid and other current assets | — | 1 | — | — | — | — |
| Total current assets | 47,671 | 6,112 | 2,928 | 966 | 9,094 | 13,555 |
| Property and equipment, net | — | — | — | — | — | 101 |
| Right-of-use asset | — | — | — | — | — | 823 |
| Goodwill | — | — | — | — | — | 7,688 |
| Total assets | 47,671 | 6,112 | 3,353 | 985 | 9,109 | 202,386 |
| Accounts payable | 310 | 315 | 139 | 448 | 70 | 124 |
| Accrued liabilities | — | — | — | — | 1,101 | 1,650 |
| Total current liabilities | 1,935 | 3,966 | 9,123 | 7,070 | 171,450 | 43,546 |
| Total deposits | — | — | 0 | — | — | — |
| Lease liability, non-current | — | — | — | — | — | 143 |
| Total liabilities | 2,115 | 3,976 | 9,546 | 8,083 | 172,459 | 45,186 |
| Accumulated deficit | (4,332) | (7,800) | (31,769) | (40,288) | (201,076) | (122,527) |
| Total stockholders' equity | (452) | (3,920) | (6,193) | (7,098) | (163,350) | (19,788) |
| Total liabilities and equity | 47,671 | 6,112 | 3,353 | 985 | 9,109 | 202,386 |
| Common shares outstanding (cover page) thousands of shares | 5,477 | 1,817 | 1,815 | 4,790 | 5,026 | 37,824 |
- † Share count changed about 1/3 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (DFNS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | †Dec 31, 2022 | Sep 30, 2023 | Sep 30, 2024 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (599) | (968) | (17,428) | (8,519) | — | 78,549 |
| Stock-based compensation | — | — | 371 | 230 | — | 18,826 |
| Depreciation and amortization | — | — | 274 | — | — | — |
| Net cash from operating activities | (431) | (1,133) | (1,232) | (3,818) | — | (6,198) |
| Purchases of property and equipment | — | — | — | — | — | 31 |
| Net cash from investing activities | (1,380) | 47,388 | (1,110) | 133 | — | (179,827) |
| Net cash from financing activities | 1,382 | (40,428) | 418 | 3,000 | — | 181,985 |
| Net change in cash | — | — | (1,693) | (656) | — | (3,911) |
- † Share count changed about 1/3 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 8742 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 8742 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| T3 Defense | 4,085 | 3,996 | (4,864)* | 1.7M | 1.3 quarters | 10-QJun 30, 2026 |
| GenFlat Holdings | 2,464 | 0* | (1,498)* | 13.1M | 1.6 quarters | 10-KJun 30, 2026 |
| ACCESS Newswire | 2,962 | 5,618 | 173* | 3.8M | — | 10-QJun 30, 2026 |
| CISO Global | 722 | 5,791 | (69)* | 45.5M | 10.5 quarters | 10-QJun 30, 2026 |
| Mastech Digital | 37,939 | 41,987 | 2,648* | 12.0M | — | 10-QSep 30, 2026 |
| Nordicus Partners | 5.8 | not reported | (160) | 19.4M | 0.0 quarters | 10-QJun 30, 2026 |
| Castellum | 16,865 | 13,865 | 1,060* | 94.8M | — | 10-QJun 30, 2026 |
| Pharma-Bio Serv | 1,518 | 2,336 | 61 | 22.9M | — | 10-QJul 31, 2026 |
| Panamera Holdings | 0 | 0 | (45)* | 79.9M | 0.0 quarters | 10-QApr 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.