T3 Defense Inc
DFNSIndustrials·Aerospace & Defense·USA·Nano·NASD·Nov 11 • 3:15 PM ET
2.43+0.23 (10.45%)
2026-11-11 21:17 CET
Market cap
7.41 USD m
Revenue, TTM
7.65 USD m
Net income, TTM
-141.33 USD m
Free cash flow, TTM
-13.49 USD m
EPS diluted, TTM
-625.70
P/E
-
Price
DFNS against its 20, 50 and 200-day averages2050200earnings
99.7% under the 52-week high of 930.00 on 4 Dec 2025. 52-week low 1.75 on 9 Nov 2026. Last 15 sessions, 190.3% high to low
Volume 1.90× normal · the line is the 50-bar volume average
Profile
DFNS52-week range, 0% of the way up
1.75930
T3 Defense, Inc. is a federated holding company focused on acquiring and operating mission-critical defense businesses embedded in long-cycle national security programs. The firm targets defense businesses operating at constrained, qualification-driven, or execution-critical points across the industrial base, where strategic value exists and where qualification, capacity, and execution are decisive. T3 Defense strengthens critical defense capabilities and compounds long-term value through disciplined M&A, centralized strategy and capital, and decentralized operations. The company was founded on May 24, 2019 and is headquartered in New York, NY.
| Employees | 18 |
|---|---|
| IPO | Jul 22, 2020 |
| Beta | -5.93 |
| ATR, 14d | 0.69 |
| Rel volume | 1.90 |
| Short float | 14.29% |
| Insider own | 8.10% |
| Inst own | 1.79% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 8.18M |
| Enterprise Value | 197.01M |
| Income | -141.33M |
| Sales | 7.65M |
| Book/sh | -33.38 |
| Cash/sh | 2.19 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | 0.00% |
| Employees | 18 |
| IPO | Jul 22, 2020 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 1.07 |
| P/B | - |
| P/C | 1.11 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 25.75 |
| Quick Ratio | 0.11 |
| Current Ratio | 0.14 |
| Debt/Eq | 0.10 |
| LT Debt/Eq | 0.04 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -625.70 |
|---|---|
| EPS next Y | - |
| EPS next Q | -2.03 |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | - - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -122.19% |
| Sales Y/Y TTM | 1759.65% |
| EPS Q/Q | -369.36% |
| Sales Q/Q | - |
| Earnings | Sep 02 |
| EPS/Sales Surpr. | 0.00% 0.00% |
Ownership
| Insider Own | 8.10% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 1.79% |
| Inst Trans | 15.40% |
| ROA | -88.91% |
| ROE | -295.64% |
| ROIC | -90.28% |
| Gross Margin | 12.33% |
| Oper. Margin | -434.77% |
| Profit Margin | -1847.64% |
| SMA20 | -34.53% |
| SMA50 | -60.66% |
| SMA200 | -96.47% |
| Trades | - |
Technical
| Shs Outstand | 3.37M |
|---|---|
| Shs Float | 3.09M |
| Short Float | 14.29% |
| Short Ratio | 0.53 |
| Short Interest | 0.44M |
| 52W High | 930.00 -99.74% |
| 52W Low | 1.75 38.86% |
| Volatility | 21.89% 14.90% |
| ATR (14) | 0.69 |
| RSI (14) | 29.52 |
| Beta | -5.93 |
| Rel Volume | 1.90 |
| Avg Volume | 827.67K |
| Volume | 1,405,148 |
Performance
| Perf Week | -14.74% |
|---|---|
| Perf Month | -57.74% |
| Perf Quarter | -92.96% |
| Perf Half Y | -95.55% |
| Perf YTD | -99.52% |
| Perf Year | -99.65% |
| Perf 3Y | -99.97% |
| Perf 5Y | -99.97% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 65.00 |
| Prev Close | 2.20 |
| Price | 2.43 |
| Change % | 10.45% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| DUKR | DUKE Robotics Corp | 10.08M |
| MOB | Mobilicom Limited | 30.75M |
| PRZO | ParaZero Technologies Ltd | 13.90M |
| OPXS | Optex Systems Holdings Inc | 59.85M |
| AIRI | Air Industries Group | 13.75M |
| SPAI | Safe Pro Group Inc | 63.99M |
| VWAV | VisionWave Holdings Inc | 3.53M |
| CODA | Coda Octopus Group Inc | 100.82M |
| XTIA | XTI Aerospace Inc | 37.17M |
| UMAC | Unusual Machines Inc | 663.95M |
Insider trading
8 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Kotaieva Anastasiia | Dec 29 '25 | Sale | 4.09 | 75,000 | 306,765 | 75,000 | Dec 31 05:00 PM | |
| Kotaieva Anastasiia | Dec 30 '25 | Sale | 4.03 | 75,000 | 302,303 | 0 | Dec 31 05:00 PM | |
| Kotaieva Anastasiia | Dec 23 '25 | Sale | 4.57 | 70,000 | 320,082 | 1,261,197 | Dec 31 10:10 AM | |
| Kotaieva Anastasiia | Dec 24 '25 | Sale | 4.49 | 55,604 | 249,629 | 1,205,593 | Dec 31 10:10 AM | |
| Kotaieva Anastasiia | Dec 26 '25 | Sale | 4.26 | 55,604 | 237,034 | 1,149,989 | Dec 31 10:10 AM | |
| Kotaieva Anastasiia | Dec 22 '25 | Sale | 4.41 | 30,000 | 132,438 | 1,331,197 | Dec 31 10:10 AM | |
| Kotaieva Anastasiia | Dec 19 '25 | Sale | 4.53 | 70,000 | 317,058 | 1,361,197 | Dec 22 04:15 PM | |
| Kotaieva Anastasiia | Dec 18 '25 | Sale | 4.72 | 38,744 | 182,957 | 1,431,197 | Dec 22 04:15 PM |
Held by
AUMNews
latest 14 of 87- T3 Defense Secures Exclusive Israeli Distribution Rights for Copting GmbH Tethered Drone System (GlobeNewswire) +10.45%
- T3 Defense Delivers a UAV Command & Control Center to BlueBird Aero Systems (GlobeNewswire) -19.65% -12.23%
- T3 Defense to Launch TOPS-NX Studio and SILOS at I/ITSEC 2026 (GlobeNewswire)
- T3 Defense Enters Agreement to Acquire KeepZone AI (GlobeNewswire)
- T3 Defense Delivers Mobile UAV Command-and-Control Vehicle to Israeli HLS Operator (GlobeNewswire)
- T3 Defense Subsidiary Positech Commences Deliveries On $3.9 Million Defense Order (GlobeNewswire) +14.09%
- T3 Defense wins $1.3 Million Power-Generation Order for European Air-Defense Production (GlobeNewswire)
- T3 Defense to Present at the H.C. Wainwright Global Investment Conference on September 14-16 (GlobeNewswire)
- T3 Defense Targets Accelerating European Demand for Air Defense Ground-System Components (GlobeNewswire)
- T3 Defense Subsidiary Tiltan to Exhibit at MSPO 2026, Advancing NATO Market Expansion (GlobeNewswire) +9.94%
- T3 Defense Subsidiary Tiltan to Deliver Majestic.ai as Licensed Software (GlobeNewswire) -8.93%
- T3 Defense Shares Soar After Noble Financial Issues Buy Rating (InvestorsHub) +18.44%
- T3 Defense Subsidiary Tiltan Secures Initial Order for Next-Generation Infrared Simulation Program (InvestorsHub) -15.53%
- T3 Defense Enters the UAV and Counter-UAV (C-UAV) Platform Market (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-09-02 | -8.590 | -8.590 | -171.85 | 4.75 | 4.75 | 2 |
| 2026Q1 | 2026-06-03 | -65.810 | - | -119.8 | 3.63 | - | - |
| 2026Q3 | - | - | -2.030 | - | - | 6.50 | 2 |
| 2026Q4 | - | - | -1.455 | - | - | 9.75 | 2 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| No annual earnings. | |||||
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-09-11 | 2 | 0 | 2 | 6.50 | 6.00 | 7.00 |
| 2026Q3 | S | 2026-09-02 | 2 | 0 | 1 | 6.85 | 6.00 | 7.70 |
| 2026Q3 | S | 2026-09-01 | 2 | 0 | 1 | 6.85 | 6.00 | 7.70 |
| 2026Q3 | S | 2026-06-26 | 2 | 0 | 0 | 7.35 | 7.00 | 7.70 |
| 2026Q3 | S | 2026-06-23 | 1 | 0 | 0 | 7.70 | 7.70 | 7.70 |
| 2026Q3 | R | 2026-09-02 | 1 | 1 | 0 | -1.70 | -1.70 | -1.70 |
| 2026Q3 | R | 2026-09-01 | 1 | 1 | 0 | -1.70 | -1.70 | -1.70 |
| 2026Q3 | R | 2026-07-20 | 1 | 1 | 0 | -2.70 | -2.70 | -2.70 |
| 2026Q3 | R | 2026-06-26 | 1 | 0 | 0 | -3.75 | -3.75 | -3.75 |
| 2026Q3 | E | 2026-09-11 | 2 | 1 | 1 | -2.03 | -2.36 | -1.70 |
| 2026Q3 | E | 2026-09-10 | 2 | 0 | 1 | -3.35 | -5.00 | -1.70 |
| 2026Q3 | E | 2026-09-02 | 2 | 1 | 0 | -3.17 | -5.00 | -1.33 |
| 2026Q3 | E | 2026-09-01 | 2 | 1 | 0 | -3.17 | -5.00 | -1.33 |
| 2026Q3 | E | 2026-07-20 | 2 | 1 | 0 | -3.58 | -5.00 | -2.16 |
Estimate history
| EPS, annual | - | -0.297 | -0.56 | -1.193 | -45034.113 | -616.16 | 1061.474 | -625.6962 | |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| EPS, quarterly | -173.09 | -112.7 | 265.32 | -51.963 | 2269.119 | 67.093 | -72.679 | -120.511 | -180.723 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0 | 0 | 0 | 0 | 21.298 | 5.913 | 0 | 7.65 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| Sales, quarterly | 0.26 | 0.175 | 0.236 | 0 | 0 | 0 | 0 | 3.653 | 3.996 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 0.934 | 1.069 | 1.069 | 0.363 | 0 | 0.017 | 0.152 | 0.759 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |
| Shares, quarterly | 0.014 | 0.015 | 0.017 | 4.931 | 0.04 | 0.043 | 0.152 | 0.306 | 0.759 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2022FY | 2021FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7.65 | 0.00 | 5.91 | 21.30 | 0.00 | 21.51 | 0.00 | 19.29 | 0.00 |
| Cost of Goods Sold Incl. D&A | 6.71 | 0.00 | 5.89 | 22.74 | 0.00 | 22.95 | 0.00 | 19.52 | 0.00 |
| Gross Profit | 0.94 | -0.00 | 0.03 | -1.44 | 0.00 | -1.43 | 0.00 | -0.24 | 0.00 |
| Selling, General and Administrative Excl. Other | 34.20 | 28.25 | 12.01 | 4.11 | 1.20 | 5.40 | 0.67 | 0.70 | 0.15 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -33.26 | -28.26 | -11.98 | -5.55 | -1.20 | -6.83 | -0.67 | -0.93 | -0.15 |
| Interest Expense | - | 0.15 | 0.55 | 0.00 | - | 0.00 | - | 0.00 | - |
| Unusual Expense | 93.93 | -119.28 | -4.00 | 11.91 | -0.17 | 4.31 | -0.07 | 0.00 | 0.17 |
| Net Income Before Taxes | -141.86 | 76.61 | -8.52 | -17.43 | -0.97 | -11.85 | -0.60 | -0.94 | -0.32 |
| Income Taxes | -0.14 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -141.72 | 76.60 | -8.52 | -17.43 | -0.97 | -11.85 | -0.60 | -0.94 | -0.32 |
| Net Income From Continuing Operations | -143.65 | 76.52 | -8.52 | -17.43 | -0.97 | -11.85 | -0.60 | -0.94 | -0.32 |
| Net Income | -141.33 | 78.55 | -8.52 | -17.43 | -0.97 | -11.85 | -0.60 | -0.94 | -0.32 |
| EPS (Recurring) | -157.43 | -66.81 | -818.89 | -23,483.94 | -1.34 | -17.71 | -0.60 | -2.60 | -0.18 |
| EPS (Basic, Before Extraordinaries) | -625.70 | 1,173.87 | -616.16 | -45,034.11 | -1.19 | -23.76 | -0.56 | -2.59 | -0.30 |
| EPS (Diluted) | -625.70 | 1,061.47 | -616.16 | -45,034.11 | -1.19 | -23.76 | -0.56 | -2.59 | -0.30 |
| EBITDA | -32.82 | -28.25 | -11.97 | -3.17 | -1.20 | -4.14 | -0.67 | -0.46 | -0.15 |
| Non-Operating Income (Expense) | -12.82 | -14.26 | 0.01 | 0.04 | 0.06 | -0.70 | 0.00 | -0.00 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 14.87 | 0.23 | 0.37 | - | 1.91 | - | 0.04 | - |
| Price To Sales Ratio | 1.34 | - | 0.68 | 0.15 | - | 174.98 | - | 135.52 | - |
| Gross Margin | 12.33 | - | 0.44 | -6.76 | - | -6.67 | - | -1.22 | - |
| Operating Margin | -434.77 | - | -202.67 | -26.05 | - | -31.75 | - | -4.83 | - |
| Net Margin | -1,847.64 | - | -144.05 | -81.83 | - | -55.06 | - | -4.86 | - |
| Shares Outstanding | 0.76 | 0.15 | 0.02 | 0.00 | 0.36 | 0.51 | 1.07 | 0.46 | 1.07 |
| Market Capitalization | 7.41 | 7.41 | 4.88 | 5.25 | - | - | - | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 4.00 | 3.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 |
| Cost of Goods Sold Incl. D&A | 3.40 | 3.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 |
| Gross Profit | 0.60 | 0.35 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.01 |
| Selling, General and Administrative Excl. Other | 3.98 | 4.16 | 21.29 | 4.77 | 1.05 | 1.51 | 4.52 | 1.02 |
| Research and Development | 0.35 | 0.27 | - | - | - | - | - | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -3.38 | -3.81 | -21.30 | -4.77 | -1.05 | -1.51 | -4.52 | -1.03 |
| Interest Expense | 0.82 | 2.94 | - | 0.05 | 0.22 | 0.20 | 0.44 | 0.47 |
| Unusual Expense | 81.01 | 21.24 | -0.31 | -8.00 | -5.15 | -104.85 | 141.49 | -5.98 |
| Net Income Before Taxes | -85.88 | -26.21 | -13.46 | -16.31 | 3.24 | 103.14 | -160.63 | 4.46 |
| Income Taxes | -0.19 | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -85.69 | -26.25 | -13.47 | -16.31 | 3.24 | 103.14 | -160.63 | 4.46 |
| Net Income From Continuing Operations | -86.75 | -27.04 | -13.55 | -16.31 | 3.24 | 103.14 | -160.63 | 4.46 |
| Net Income | -86.75 | -27.15 | -11.06 | -16.37 | 3.02 | 102.96 | -160.79 | 4.46 |
| EPS (Recurring) | -62.59 | -54.50 | -74.11 | -337.98 | -13.06 | 651.62 | -19.96 | 15.93 |
| EPS (Basic, Before Extraordinaries) | -180.72 | -120.51 | -72.68 | -251.78 | 71.91 | 2,594.97 | -51.96 | 265.32 |
| EPS (Diluted) | -180.72 | -120.51 | -72.68 | -251.78 | 67.09 | 2,269.12 | -51.96 | 265.32 |
| EBITDA | -2.96 | -3.79 | -21.29 | -4.77 | -1.05 | -1.51 | -4.52 | -1.01 |
| Non-Operating Income (Expense) | -0.67 | 1.79 | 5.55 | -19.49 | -0.64 | 0.00 | -14.18 | -0.03 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 1.51 | 18.65 | 0.00 | 0.00 | 0.18 | 0.01 | 0.01 |
| Price To Earnings Ratio | - | - | 0.25 | 0.37 | 0.55 | 0.66 | - | - |
| Price To Sales Ratio | 1.34 | 5.53 | - | 240.89 | 149.45 | 100.49 | 169.08 | 0.83 |
| Gross Margin | 14.94 | 9.55 | - | - | - | - | - | -4.83 |
| Operating Margin | -84.53 | -104.33 | - | - | - | - | - | -435.44 |
| Net Margin | -2,170.95 | -743.14 | - | - | - | - | - | 1,887.02 |
| Shares Outstanding | 0.76 | 0.31 | 0.15 | 0.09 | 0.04 | 0.04 | 4.93 | 0.02 |
| Market Capitalization | 7.41 | 27.41 | 76.67 | 77.67 | 58.70 | 59.61 | 22,600.32 | 4.88 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2022FY | 2021FY | 2021FY | 2020FY | 2020FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 4.20 | 0.68 | 0.02 | 6.11 | 2.71 | 47.67 | 2.37 | 46.72 | 0.08 |
| Short Term Receivables | 6.71 | 0.04 | 2.20 | 0.00 | 0.97 | 0.00 | 2.68 | 0.00 | 3.71 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 2.65 | 0.25 | 0.70 | 0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 |
| Total Current Assets | 13.55 | 0.97 | 2.93 | 6.11 | 3.69 | 47.67 | 5.06 | 46.73 | 3.80 |
| Net Property, Plant & Equipment | 0.92 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Investments and Advances | 0.00 | 0.00 | 0.39 | 0.00 | 6.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 15.09 | 0.02 | 0.03 | 0.00 | 8.08 | 0.00 | 10.75 | 0.00 | 0.00 |
| Other Assets | 172.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 202.39 | 0.98 | 3.35 | 6.11 | 18.36 | 47.67 | 15.81 | 46.73 | 3.80 |
| Short Term Debt Incl. Current Port. of LT Debt | 1.36 | 3.21 | 0.00 | 3.65 | 0.00 | 1.63 | 0.00 | 0.24 | 0.00 |
| Accounts Payable | 0.12 | 0.45 | 0.14 | 0.00 | 0.05 | 0.00 | 0.05 | 0.00 | 0.00 |
| Other Current Liabilities | 42.06 | 3.42 | 8.98 | 0.32 | 7.42 | 0.31 | 6.60 | 0.08 | 5.19 |
| Total Current Liabilities | 43.55 | 7.07 | 9.12 | 3.97 | 7.47 | 1.93 | 6.66 | 0.33 | 5.19 |
| Long Term Debt | 0.99 | 1.01 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 0.65 | - | - | - | - | - | - | - | - |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.18 | 0.00 | 0.25 | 0.00 |
| Total Liabilities | 45.19 | 8.08 | 9.55 | 3.98 | 7.47 | 2.12 | 6.66 | 0.58 | 5.19 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 172.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | -19.79 | -7.10 | -6.19 | 2.14 | 10.89 | 45.56 | 9.16 | 46.15 | -1.39 |
| Total Shareholders Equity | 152.99 | -7.10 | -6.19 | 2.14 | 10.89 | 45.56 | 9.16 | 46.15 | -1.39 |
| Accumulated Minority Interest | 4.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 157.20 | -7.10 | -6.19 | 2.14 | 10.89 | 45.56 | 9.16 | 46.15 | -1.39 |
| Total Liabilities & Stockholders Equity | 202.39 | 0.98 | 3.35 | 6.11 | 18.36 | 47.67 | 15.81 | 46.73 | 3.80 |
| Book Value Per Share | -130.01 | -422.68 | -16,002.97 | 5.88 | 21.19 | 42.60 | 19.71 | 43.16 | -4.32 |
| Tangible Book Value Per Share | -229.16 | -423.83 | -16,088.24 | 5.88 | 5.48 | 42.60 | -3.43 | 43.16 | -4.32 |
| Full-Time Employees | 18 | 14 | 12 | - | 12 | - | 12 | - | 1 |
| Price to Book Ratio | -0.07 | -0.69 | -0.43 | - | - | - | - | - | - |
| Return on Assets | 75.25 | -392.77 | -160.50 | -8.50 | -67.64 | -1.27 | -9.55 | -1.35 | -5.02 |
| Return on Equity | 104.90 | - | -742.05 | -13.67 | -103.40 | -1.31 | -24.13 | -1.38 | - |
| Return on Invested Capital | 51.01 | - | - | -45.32 | -108.77 | -1.32 | -10.23 | -0.69 | - |
| Quick Ratio | 0.31 | 0.14 | 0.32 | 1.54 | 0.49 | 24.64 | 0.76 | 142.46 | 0.73 |
| Current Ratio | 0.31 | 0.14 | 0.32 | 1.54 | 0.49 | 24.64 | 0.76 | 142.46 | 0.73 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2022FY | 2021FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -141.72 | 76.60 | -8.52 | -17.43 | -0.97 | -11.85 | -0.60 | -0.94 | -0.32 |
| Depreciation | 0.44 | 0.00 | 0.01 | 2.38 | - | 2.69 | - | 0.47 | - |
| Other Funds (Non Cash) | 128.57 | -83.30 | 0.88 | 13.48 | -0.17 | 6.92 | -0.07 | 0.04 | 0.17 |
| Funds from Operations | -12.87 | -6.69 | -7.62 | -1.57 | -1.14 | -2.24 | -0.67 | -0.42 | -0.15 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.43 | 0.49 | 4.39 | -0.00 | 0.00 | 3.12 | 0.21 | 2.79 | 0.01 |
| Cash from Operating Activities | -13.30 | -6.20 | -3.24 | -1.58 | -1.13 | 0.88 | -0.46 | 2.37 | -0.14 |
| Capital Expenditures | -0.20 | -0.03 | 0.00 | -0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | -4.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.92 | 0.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -174.26 | -175.95 | 0.00 | -1.07 | 47.39 | -0.04 | -1.38 | 0.00 | -46.00 |
| Purchase of Investments | -174.55 | -176.00 | 0.00 | -1.92 | 0.00 | -0.04 | -1.38 | 0.00 | -46.00 |
| Sale Or Maturity of Investments | 0.29 | 0.05 | 0.00 | 0.85 | 47.39 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | -4.29 | -4.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.04 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -182.32 | -179.83 | 0.13 | -1.11 | 47.39 | -0.04 | -1.38 | -0.02 | -46.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 200.15 | 182.08 | 0.89 | 0.00 | -42.45 | 0.00 | 0.00 | 0.00 | 46.76 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | -42.45 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 200.15 | 182.08 | 0.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46.76 |
| Proceedsfrom Stock Options | 18.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46.76 |
| Issuance or Reduction of Debt, Net | -2.89 | -0.09 | 1.96 | 0.42 | 1.06 | 0.00 | 1.38 | 0.00 | 0.06 |
| Change in Long Term Debt | -2.43 | -0.09 | 1.96 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.54 | 0.00 | 2.09 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -2.97 | -0.09 | -0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.51 | 0.00 | 0.15 | 0.00 | 0.97 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 197.78 | 181.99 | 3.00 | 0.42 | -40.43 | 0.00 | 1.38 | 0.00 | 46.82 |
| Exchange Rate Effect | 0.03 | 0.13 | 0.03 | 0.23 | - | -0.40 | - | -0.02 | - |
| Net Change in Cash | 2.19 | -3.91 | -0.08 | -2.04 | 5.83 | 0.44 | -0.43 | 2.32 | 0.69 |
| Free Cash Flow | -13.49 | -6.23 | -3.24 | -1.58 | -1.13 | 0.88 | -0.46 | 2.37 | -0.14 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | - | - | - | - | - | 4,291.31 | - | 1,103.38 | - |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 7.38 | 7.82 | 4.20 | 7.64 | 1.52 | 4.46 |
| Short Term Receivables | 3.58 | 3.64 | 6.71 | 4.74 | 2.63 | 0.00 |
| Inventories | 4.74 | 3.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 5.55 | 7.86 | 2.65 | 0.73 | 2.81 | 4.00 |
| Total Current Assets | 21.24 | 22.81 | 13.55 | 13.12 | 6.96 | 8.46 |
| Net Property, Plant & Equipment | 4.76 | 4.95 | 0.92 | 0.17 | 0.18 | 0.13 |
| Total Investments and Advances | 178.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 111.24 | 112.70 | 15.09 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.32 | 0.36 | - | - | - | - |
| Other Assets | 0.09 | 174.67 | 172.81 | 0.00 | 0.01 | 0.01 |
| Total Assets | 316.00 | 315.49 | 202.39 | 13.29 | 7.15 | 8.60 |
| Short Term Debt Incl. Current Port. of LT Debt | 8.68 | 12.64 | 1.36 | 1.75 | 2.25 | 1.58 |
| Accounts Payable | 4.04 | 2.48 | 0.12 | 0.09 | 0.10 | 0.02 |
| Other Current Liabilities | 140.47 | 76.50 | 42.06 | 41.79 | 58.07 | 63.11 |
| Total Current Liabilities | 153.19 | 91.62 | 43.55 | 43.63 | 60.42 | 64.71 |
| Long Term Debt | 5.97 | 5.97 | 0.99 | 0.07 | 0.09 | 1.09 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 0.50 | 0.68 | 0.65 | - | - | - |
| Other Liabilities | 0.11 | 0.12 | 0.00 | 0.00 | 0.02 | 0.02 |
| Total Liabilities | 159.77 | 98.39 | 45.19 | 43.71 | 60.53 | 65.82 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 175.89 | 174.57 | 172.78 | 0.00 | 0.00 | 0.00 |
| Common Equity | -25.32 | 36.16 | -19.79 | -30.42 | -53.38 | -57.22 |
| Total Shareholders Equity | 150.56 | 210.73 | 152.99 | -30.42 | -53.38 | -57.22 |
| Accumulated Minority Interest | 5.67 | 6.36 | 4.21 | 0.00 | 0.00 | 0.00 |
| Total Equity | 156.23 | 217.09 | 157.20 | -30.42 | -53.38 | -57.22 |
| Total Liabilities & Stockholders Equity | 316.00 | 315.49 | 202.39 | 13.29 | 7.15 | 8.60 |
| Book Value Per Share | -33.38 | 118.29 | -130.01 | -342.66 | -1,242.42 | -1,426.47 |
| Tangible Book Value Per Share | -180.01 | -250.35 | -229.16 | -342.66 | -1,242.42 | -1,426.47 |
| Full-Time Employees | - | - | 18 | - | - | - |
| Price to Book Ratio | -0.07 | 0.76 | -3.87 | -2.55 | -1.10 | -1.04 |
| Return on Assets | -88.91 | -33.12 | 75.25 | 1,312.15 | 2,608.81 | 1,885.58 |
| Return on Equity | -295.64 | -69.91 | 104.90 | - | - | - |
| Return on Invested Capital | -55.42 | -12.53 | -7.18 | - | - | - |
| Quick Ratio | 0.11 | 0.21 | 0.31 | 0.30 | 0.12 | 0.13 |
| Current Ratio | 0.14 | 0.25 | 0.31 | 0.30 | 0.12 | 0.13 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -85.69 | -26.25 | -13.47 | -16.31 | 3.24 | 103.14 |
| Depreciation | 0.42 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Funds (Non Cash) | 80.88 | 21.77 | 14.85 | 11.06 | -4.95 | -104.25 |
| Funds from Operations | -4.51 | -4.49 | 1.38 | -5.24 | -1.72 | -1.11 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.35 | -0.43 | -2.38 | 2.74 | 0.36 | -0.23 |
| Cash from Operating Activities | -4.86 | -4.93 | -1.00 | -2.51 | -1.35 | -1.34 |
| Capital Expenditures | -0.03 | -0.15 | -0.01 | -0.00 | -0.01 | 0.00 |
| Net Assets From Acquisitions | 0.57 | -5.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | -0.67 | 1.14 | 0.45 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -0.05 | 0.24 | -172.45 | -2.00 | -0.69 | -0.81 |
| Purchase of Investments | -0.05 | 0.00 | -172.50 | -2.00 | -0.69 | -0.81 |
| Sale Or Maturity of Investments | 0.00 | 0.24 | 0.05 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | -0.00 | -4.29 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -0.18 | -3.82 | -176.31 | -2.00 | -0.70 | -0.81 |
| Cash Dividends Paid | 0.30 | -0.30 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 4.54 | 13.53 | 172.85 | 9.22 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 4.54 | 13.53 | 172.85 | 9.22 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 18.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -2.12 | -0.76 | -0.02 | 0.00 | -0.08 | 0.00 |
| Change in Long Term Debt | -2.23 | -0.18 | -0.02 | 0.00 | -0.08 | 0.00 |
| Issuance of Long Term Debt | 0.12 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -2.36 | -0.59 | -0.02 | 0.00 | -0.08 | 0.00 |
| Net Financing Active Other Cash Flow | -0.29 | 0.00 | 0.80 | 0.00 | -0.80 | 0.00 |
| Other Financing Activities Uses | -0.29 | 0.00 | 0.80 | 0.00 | -0.80 | 0.00 |
| Cash from Financing Activities | 2.44 | 12.48 | 173.64 | 9.22 | -0.88 | 0.00 |
| Exchange Rate Effect | 0.00 | 0.00 | 0.00 | 0.02 | 0.07 | 0.03 |
| Net Change in Cash | -2.61 | 3.73 | -3.66 | 4.74 | -2.86 | -2.12 |
| Free Cash Flow | -4.89 | -5.08 | -1.01 | -2.51 | -1.37 | -1.34 |
Revenue breakdown
| Services-Management Consulting Services | 2024: 5.91M |
|---|---|
| Malta | 2024: 4.80M |
| Rest Of The World | 2024: 1.11M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 14.29% | 0.4M | 3.1M | 1.09M |
| 2026-10-15 | 15.86% | 0.5M | 3.1M | 3.60M |
| 2026-09-30 | 12.62% | 0.3M | 2.2M | 3.59M |
| 2026-09-15 | 15.57% | 0.3M | 2.2M | 3.60M |
| 2026-08-31 | 13.77% | 0.3M | 2.2M | 3.49M |
| 2026-08-14 | 11.29% | 0.1M | 1.3M | 3.23M |
| 2026-07-31 | 39.88% | 0.3M | 0.7M | 2.84M |
| 2026-07-15 | 15.36% | 0.1M | 0.7M | 126.42K |
| 2026-06-30 | 12.36% | 0.1M | 0.6M | 81.06K |
| 2026-06-15 | 29.20% | 0.1M | 0.3M | 74.33K |
| 2026-05-29 | 14.44% | 0.0M | 0.3M | 24.91K |
| 2026-05-15 | 13.34% | 0.0M | 0.3M | 19.02K |
| 2026-04-30 | 9.50% | 0.0M | 0.2M | 19.72K |
| 2026-04-15 | 10.10% | 0.0M | 0.2M | 17.51K |
| 2026-03-31 | 14.47% | 0.0M | 0.2M | 15.40K |
| 2026-03-13 | 16.36% | 0.0M | 0.2M | 14.97K |
| 2026-02-27 | 15.26% | 0.0M | 0.2M | 11.51K |
| 2026-02-13 | 15.73% | 0.0M | 0.2M | 13.04K |
| 2026-01-15 | 23.89% | 0.0M | 0.1M | 11.98K |
| 2025-12-31 | 16.00% | 0.0M | 0.1M | 13.47K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-11-30 | SEC |
| 2026-11-06 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-10-29 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-11-30 | SEC |
| 2026-10-29 | 8-K | Current report | 2026-10-22 | SEC |
| 2026-10-27 | 8-K | Current report | 2026-10-26 | SEC |
| 2026-10-23 | 8-K | Current report | 2026-10-23 | SEC |
| 2026-10-23 | 424B3 | SEC | ||
| 2026-10-23 | 424B3 | SEC | ||
| 2026-10-22 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-10-22 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-10-22 | S-1MEF | A new registration statement filed under Rule 462(b) to add securities to a prior related effective registration statement filed on Form S-1 | SEC | |
| 2026-10-21 | S-3/A | SEC | ||
| 2026-10-20 | S-1/A | SEC | ||
| 2026-10-20 | S-1/A | SEC | ||
| 2026-10-07 | 8-K | Current report | 2026-10-05 | SEC |
| 2026-10-02 | S-1/A | SEC | ||
| 2026-10-02 | S-1/A | SEC | ||
| 2026-10-02 | S-3/A | SEC | ||
| 2026-09-15 | SCHEDULE 13D/A | SEC | ||
| 2026-09-15 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-09-11 | 8-K | Current report | 2026-09-08 | SEC |
| 2026-09-10 | 8-K | Current report | 2026-09-10 | SEC |
| 2026-09-03 | S-1 | General form of registration statement for all companies including face-amount certificate companies | SEC | |
| 2026-09-03 | S-1 | General form of registration statement for all companies including face-amount certificate companies | SEC | |
| 2026-08-31 | 8-K | Current report | 2026-08-28 | SEC |
| 2026-08-20 | 8-K | Current report | 2026-08-20 | SEC |
| 2026-08-18 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-17 | 8-K | Current report | 2026-08-17 | SEC |
| 2026-08-14 | NT 10-Q | 2026-06-30 | SEC | |
| 2026-08-10 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 2.05M | 8 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | 2.50% |
| JANE STREET GROUP, LLC | 1.13% |
| Creative Planning | 0.53% |
| BlackRock, Inc. | 0.51% |
| Vanguard Personalized Indexing Management, LLC | 0.36% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.30% |
| VANGUARD FIDUCIARY TRUST CO | 0.30% |
| XTX Topco Ltd | 0.10% |
| STATE STREET CORP | 0.10% |
| NORTHERN TRUST CORP | 0.07% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.29% |
| Fidelity Nasdaq Composite Index Fund | 0.38% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.21% |
| Fidelity Extended Market Index Fund | 0.10% |
| Fidelity Total Market Index Fund | 0.02% |
| Fidelity Series Total Market Index Fund | 0.01% |
| Blackstone Alternative Multi-Strategy Fund | -0.03% |
OakChart. DFNS. Cached 15 minutes.
Some panels did not load: ratings.