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T3 Defense Inc.

DFNS

$38.18 ▼ -7.82 (-17.00%) at close

21 Visible periods

29 Metrics

Peer-ranked Benchmarks

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Health

Good

Bullish

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Analytical Summary

T3 Defense Inc. shows strong fundamentals with top-quartile Debt to Equity. The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $1.1B

Dividend Yield —

Revenue Growth —

Op. Margin -104.3%

ROIC -9.7% ↘

FCF / Share $-0.18

Trailing P/E —

Price / Book 40.3x

FCF Yield —

Debt / Equity 0.20

info Valuation on last close. End-of-day price, Aug 7, 2026.

21-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$3.65M

↓ -29.9% —

Net Income Profit after all expenses

$-27.15M

↓ -145.4% —

Operating Margin Operating profit as % of sales

-104.3%

↓ -348.3% —

FCF / Share Free cash flow per share

$-0.18

↑ +33.8% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Financial Health

100

Cash Quality

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📈 Is growth accelerating? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
EPS Growth YoY (%)	N/M	-20.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-1453.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	-8.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	87.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	90.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	N/M	-23.9% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	N/M	42.9% Excellent ↓ Excellent Declining Year-over-year change in net income	42.9% Excellent ↑ Excellent Improving Year-over-year change in net income	94.8% Excellent Excellent Year-over-year change in net income	N/M	-1844.6% Weak Weak Year-over-year change in net income	N/M	-7199976.6% Weak Weak Year-over-year change in net income	—	-107.2% Weak Weak Year-over-year change in net income	N/M	—	—	—	—	—
FCF Growth YoY (%)	33.8% Excellent Excellent Year-over-year change in free cash flow	—	—	—	-135.5% Weak Weak Year-over-year change in free cash flow	—	—	—	-65.7% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-11.3% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
Operating Margin (%) (%)	-104.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-969%)	—	—	—	—	—	—	—	—	—	-23.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-294%)	-14.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-219%)	-170.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1522%)	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	-15.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-293%)	-14.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-279%)	-170.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2229%)	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	-139.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—	24.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-20.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-14.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—
FCF / Net Income (x)	0.19x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.09x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.02x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.07x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	1.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.08x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.42x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.08x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.53x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.27x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-6.82x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.00x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	—	1.00x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.00x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
Return on Invested Capital (%)	-9.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	100.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	1.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	3.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	40.5% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	-107.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	-51.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	—
Return on Capital (%) (%)	-1.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-12.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	-30.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	5.2% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—	—	-0.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	-75.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-600%)	55.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+273%)	—	—	—	5.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-64%)	11.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	15.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	50.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+235%)	-139.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1028%)	—	—	—	-178.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1290%)	—	—	-0.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-101%)	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
Debt to Equity (x)	0.20x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	-0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	—	—	—	-53.19x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	-2853.12x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	-1205.50x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—
Net Debt (USD)	$818.00K	$-2.62M	—	—	—	$-6.90M	—	—	—	—	—	—	—	—	—	—	—	$-27.70K	—	—	$-28.36K
Debt / EBITDA (x)	-1.91x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
Revenue per Share (USD)	$0.13	—	—	—	—	—	—	—	—	—	$0.52	$0.56	$0.50	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-1.01	$-6.21	$-2.02	$0.58	$20.76	$-5.15	$-0.13	$-0.01	$-0.08	$0.21	$-0.12	$-0.08	$-0.85	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.18	—	$-0.31	$-0.26	$-0.27	—	—	—	$-0.12	—	$0.12	$-0.11	$-0.07	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$0.95	$-1.04	—	—	—	$-33.13	$-2.62	$-2.00	$-0.61	$-1.21	—	—	—	$0.10	—	—	$0.13	$0.00	—	—	$-0.02
Tangible Book Value per Share (USD)	$-1.67	$-1.44	—	—	—	$-33.13	$-2.62	$-2.00	$-0.61	$-1.21	—	—	—	$0.10	—	—	$0.13	$0.00	—	—	$-0.02
Basic Weighted Avg Shares (shares)	28.16M	—	8.12M	5.25M	4.96M	—	4.54M	5.48M	6.04M	—	10.07M	10.07M	10.56M	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
Working Capital (USD)	$-68.81M	$-29.99M	—	—	—	$-162.36M	$27.43M	$38.65M	$38.74M	$45.74M	—	—	—	$46.40M	—	—	—	—	—	—	—
LT Debt (USD)	$3.08M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$36.16M	$-19.79M	—	—	—	$-163.35M	$-3.96M	$-3.02M	$-916.24K	$-1.83M	—	—	—	$154.81K	—	—	$154.81K	$4.34K	—	—	$-20.00K

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2022 10-Q ↗	Q2 FY2024 Jun 30, 2022 10-Q ↗	Q1 FY2024 Mar 31, 2022 10-Q ↗	Q4 FY2023 Dec 31, 2021 10-K ↗	Q3 FY2023 Jun 30, 2023 10-Q ↗	Q2 FY2023 Mar 31, 2023 10-Q ↗	Q1 FY2023 Dec 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2020 10-K ↗	Q3 FY2022 Sep 30, 2020 10-Q ↗	Q2 FY2022 Jun 30, 2020 10-Q ↗	Q1 FY2022 Dec 31, 2020 10-Q ↗	Q4 FY2021 Dec 31, 2019 10-K ↗	Q3 FY2021 Sep 30, 2019 10-Q ↗	Q2 FY2021 Jun 30, 2019 10-Q ↗	Q1 FY2021 Dec 31, 2019 10-Q ↗
Sales/Revenue/Turnover (USD)	$3.65M	—	—	—	—	—	—	—	—	—	$5.21M	$5.63M	$5.24M	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$22.00K	$1.19K	$1.34K	$1.17K	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$-27.15M	$-11.06M	$102.96M	$102.96M	$102.96M	$-8.93M	$-460.28K	$-460.28K	$-460.28K	$2.55M	$-805.65K	$-805.65K	$-8.93M	$-276.25K	$-41.43K	$67.00	$-124.00	—	$-20.00K	$-20.00K	—
Operating Cash Flow (USD)	$-4.93M	$-998.55K	$-2.51M	$-1.35M	$-1.34M	$-605.71K	—	—	$-699.25K	$195.80K	$1.26M	$-1.14M	$-737.83K	$-147.77K	$11.27K	$-457.00	$-124.00	—	$-20.05K	$-20.00K	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 5 years · 21 quarters

T3 Defense Inc.

Analytical Summary

21-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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