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Helio (HLEO) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Sep 14, 2026 · Helio (HLEO) Q3 FY26 earnings results →
Q3 FY26 Revenue down 25% year over year to $591K · 249¢ of every $1 of revenue lost · operating margin -92.5%
Helio made $591K in Q3 FY26 (-25% Y/Y): Service $480K, Materials $103K, Engineering Fees $8K. Operating margin -92.5%, net loss $1.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 14, 2026.
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What changed this quarter
Revenue was $591K in Q3 FY26, down 25% year over year and up 29% from the previous quarter. Service was the largest line at 81% of revenue. Materials lost $133K year over year (down 56%), 68% of the total change.
Gross margin was 44.9%, up 32.3 points from Q3 FY25. Operating costs exceeded revenue by $546K, an operating margin of -92.5%. Operating expenses fell 19% while revenue fell 25%. The fastest-growing cost line was Other operating costs (+54%). The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $1.6M loss. Net interest and other expense of $925K was the main reason.
Operating cash flow was −$618K. Non-cash charges added back $6K of depreciation and $22K of share-based compensation. Working capital and other items added $826K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Sep 14, 2026 | $591K | -25% | -92.5% | −$1.5M | −$618K |
| Q2 FY26 | 10-Q | Jun 15, 2026 | $457K | -61% | -187.1% | −$1.6M | −$1.0M |
| Q1 FY26 | 10-Q | Mar 30, 2026 | $496K | -65% | -539.9% | −$3.7M | −$291K |
| Q4 FY25 | 10-K | Feb 17, 2026 | $491K | -68% | -205.7% | −$1.1M | −$515K |
| Q3 FY25 | 10-Q | Sep 22, 2025 | $785K | -53% | -115.0% | −$951K | −$323K |
| Q2 FY25 | 10-Q | Jun 23, 2025 | $1.2M | -29% | -78.5% | −$1.0M | −$725K |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
Sells to
- U.S. government — 70% of its revenue · Stated in 10-K (sentence) · source
About Helio
Helio Corporation was originally incorporated as Stirling Bridge Group, Inc. (“Stirling Bridge”) on October 3, 2022, in the State of Florida. In May 2023, (“Stirling Bridge”) changed its name to Web3 Corporation. In January 2024, through a share exchange accounted for as a reverse acquisition, Web3 Corporation acquired 100% of the outstanding stock of Heliospace Corporation and changed its name to Helio Corporation (the “Business Combination”). Following the Business Combination, Heliospace became a wholly owned subsidiary of Helio Corporation. Heliospace Corporation was incorporated on March 6, 2018, as a Delaware corporation. For accounting purposes, Heliospace was determined to be the accounting acquirer in the Business Combination and is the sole predecessor of Helio Corporation.
In its own words, from its 10-K, filed Feb 17, 2026.
Helio against its Guided Missiles & Space Vehicles & Parts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -25% against the peers' median +11%. Operating margin: -92.5% against the peers' median -44.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HLEO Helio | Q3 FY26 | $591K | -25% | -92.5% |
| LMT Lockheed Martin | Q3 2026 | $20.7B | +11% | 11.8% |
| KTOS Kratos Defense & Security Solutions | Q3 2026 | $472M | +36% | -1.0% |
| RKLB Rocket Lab | Q2 2026 | $234M | +62% | -24.6% |
| FLY Firefly Aerospace | Q2 2026 | $118M | +657% | -80.9% |
| RDW Redwire | Q3 2026 | $109M | +5% | -24.1% |
| YSS York Space Systems | Q2 2026 | $92.5M | +10% | -44.6% |
| VOYG Voyager Technologies | Q3 2026 | $88.7M | +124% | -69.8% |
| MNTS Momentus | Q2 2026 | $25K | -87% | n/m |
Source: Helio 10-Q on SEC EDGAR · CIK 1953988 · Guided Missiles & Space Vehicles & Parts
More on HLEO
History
Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results