Filing Flows › T3 Defense (DFNS) › Q1 2026
T3 Defense (DFNS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
T3 Defense (DFNS) reported revenue of $3.7M for the first quarter 2026 (Q1 2026). Operating margin was -104.3%, net loss $26.4M (721.4% of revenue).
T3 Defense, Q1 2026: revenue $3.7M, operating margin -104.3%, net loss $26.4M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7M | — | — |
| Operating profit | −$3.8M | — | — |
| Net earnings | −$26.4M | -691% | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $3.7M in Q1 2026.
Gross margin was 10.2%. Operating costs exceeded revenue by $3.8M, an operating margin of -104.3%. The quarter ended with a net loss of $26.4M. Net interest and other expense of $22.5M was the main reason.
Operating cash flow was −$4.9M. Non-cash charges added back $22K of depreciation and $1.9M of share-based compensation. Working capital and other items added $19.5M. Capital expenditures of $154K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was T3 Defense's revenue in the first quarter 2026?
T3 Defense (DFNS) reported revenue of $3.7M for the first quarter 2026 (Q1 2026).
Was T3 Defense profitable in the first quarter 2026?
Operating loss was $3.8M (-104.3% of revenue) and net loss $26.4M.
Source: T3 Defense 10-Q on SEC EDGAR.