Tearsheet

DEFSEC Technologies (DFSC)


Market Price (2/2/2026): $2.0 | Market Cap: $2.8 Mil
Sector: Industrials | Industry: Aerospace & Defense

DEFSEC Technologies (DFSC)


Market Price (2/2/2026): $2.0
Market Cap: $2.8 Mil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -199%
Weak multi-year price returns
2Y Excs Rtn is -120%, 3Y Excs Rtn is -151%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -186%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 229%
  Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -161%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -164%
2 Megatrend and thematic drivers
Megatrends include Cybersecurity, Autonomous Technologies, and Advanced Aviation & Space. Themes include Network Security, Show more.
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -360%
3   High stock price volatility
Vol 12M is 120%
4   Key risks
DFSC key risks include [1] its ongoing profitability challenges and substantial operating losses, Show more.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -199%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 229%
2 Megatrend and thematic drivers
Megatrends include Cybersecurity, Autonomous Technologies, and Advanced Aviation & Space. Themes include Network Security, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -120%, 3Y Excs Rtn is -151%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -9.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -186%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -161%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -164%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -360%
7 High stock price volatility
Vol 12M is 120%
8 Key risks
DFSC key risks include [1] its ongoing profitability challenges and substantial operating losses, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Stock Movement Drivers

Fundamental Drivers

The -63.0% change in DFSC stock from 10/31/2025 to 2/1/2026 was primarily driven by a -55.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)103120252012026Change
Stock Price ($)5.251.94-63.0%
Change Contribution By: 
Total Revenues ($ Mil)4519.7%
P/S Multiple0.80.5-31.1%
Shares Outstanding (Mil)11-55.2%
Cumulative Contribution-63.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/1/2026
ReturnCorrelation
DFSC-63.0% 
Market (SPY)1.5%27.5%
Sector (XLI)6.7%31.0%

Fundamental Drivers

The -52.9% change in DFSC stock from 7/31/2025 to 2/1/2026 was primarily driven by a -83.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120252012026Change
Stock Price ($)4.121.94-52.9%
Change Contribution By: 
Total Revenues ($ Mil)3562.5%
P/S Multiple0.30.570.7%
Shares Outstanding (Mil)01-83.0%
Cumulative Contribution-52.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/1/2026
ReturnCorrelation
DFSC-52.9% 
Market (SPY)9.8%21.1%
Sector (XLI)9.3%23.0%

Fundamental Drivers

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Market Drivers

1/31/2025 to 2/1/2026
ReturnCorrelation
DFSC  
Market (SPY)16.0%17.2%
Sector (XLI)20.8%21.7%

Fundamental Drivers

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Market Drivers

1/31/2023 to 2/1/2026
ReturnCorrelation
DFSC  
Market (SPY)76.6%17.2%
Sector (XLI)69.5%21.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DFSC Return-----81%19%-77%
Peers Return-9%-11%75%109%81%11%498%
S&P 500 Return27%-19%24%23%16%2%86%

Monthly Win Rates [3]
DFSC Win Rate----17%100% 
Peers Win Rate42%47%68%67%60%60% 
S&P 500 Win Rate75%42%67%75%67%100% 

Max Drawdowns [4]
DFSC Max Drawdown-----81%0% 
Peers Max Drawdown-21%-38%-3%-8%-17%-5% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AXON, AVAV, CACI, KTOS, PLTR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/30/2026 (YTD)

How Low Can It Go

DFSC has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

Unique KeyEventXLIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-22.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven29.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven273 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven232 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven312 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-63.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven172.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,463 days1,480 days

Compare to AXON, AVAV, CACI, KTOS, PLTR

In The Past

SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About DEFSEC Technologies (DFSC)

KWESST Micro Systems Inc. develops and commercializes next-generation technology solutions that deliver a tactical advantage for military, public safety agencies and personal defense markets. Our core mission is to protect and save lives. We focus on three niche market segments as follows: NON-LETHAL DIGITIZATION COUNTER-THREAT Products for consumer and Real-time situational awareness Protection against lasers electronic professional markets. and targeting. detection and hostile drones. Non-Lethal Our goal is to provide professionals and consumers with reliable and safer, non-lethal alternatives to the use of firearms. Our products are designed to offer our customers effective solutions for personal, family and community protection that do not require the use of lethal force, and are intended for both the consumer and security professional markets. In the consumer market, our products are designed to provide civilians who face potential threats from would-be assailants with an effective, non-lethal tool to deter would-be assailants and to escape harm's way. In the professional market, our products are designed to provide domestic and international law enforcement agencies, corrections and custodial officers, private security professionals, private investigators and other professional security users with a reliable, non-lethal option to address threats and resolve conflicts without the need to resort to lethal force. Our non-lethal product suite includes the following: . PARA OPS, our innovative, patent-pending cartridge-based firing platform system, intended to provide more reliable non-lethal choices (single-shot and multi-shot) for consumers and law enforcement agencies; and . A line of projectiles that are fired by PARA OPS devices, including solid slug (kinetic), inert color powder, and irritant pepper powder. . ARWEN less-lethal launchers and ammunition for law enforcement agencies, used primarily for riot control and police tactical teams during high-risk arrests against potentially armed or violent persons. ARWEN products have been in the marketplace for over 30 years. The stage of development for our non-lethal product suite is as follows: . PARA OPS: We have finalized the development of our single-shot PARA OPS device and we are currently in the low-rate initial production ("LRIP") to provide samples to potential customers and strategic partners. We expect to finalize our sales, marketing and distribution plan and begin the commercialization phase during our first quarter ending December 31, 2022 of fiscal year 2023 (i.e., October 1, 2022 to September 30, 2023) ("Fiscal 2023"). by initially targeting law enforcement agencies in which we are currently selling the ARWEN product line. We are in the prototype phase for the multi-shot PARA OPS device, which we expect to complete and begin LRIP during Q1 Fiscal 2023. . ARWEN: Both our ARWEN ACE (single-shot launcher) and ARWEN 37 (multi-shot launcher) are in full production, along with the related ammunition. Our current sales and marketing efforts are primarily through tradeshows in the United States and Canada, pro bono training and direct sales to our existing law enforcement agency customers. Digitization We offer proprietary next-generation real-time situational awareness solutions for both the military and civilian markets. In the military market, our signature proprietary product, Tactical and Situational Control System ("TASCS"), offers an app that networks soldiers on the ground with each other through their smart devices so they can receive and share situational awareness information from any source including drones. Further, we extend the TASCS app to "Joint Fires" applications (Joint Fires is a common terminology used in military for fires produced during the employment of forces from two or more components in a coordinated action toward a common objective) on indirect fire weapons like mortars, grenade launchers, heavy machine guns, rocket launchers, artillery and more. Effectively, we convert these "dumb" legacy weapon systems to "smart" precision weapon systems without any modification to the weapon or ammunition. After successfully developing digital technologies for tactical military applications which provide real-time exchange of situational awareness, navigation, imagery, and operational information for soldiers on the ground, we became aware of opportunities to apply these digitization solutions to the public safety market. These solutions solve critical challenges for law enforcement, fire, emergency response, search and rescue, and natural disaster management, all of whom require networked situational awareness to understand, decide, and act faster and more effectively in response to a critical incident. When responders are facing a public emergency, they need information quickly. Whether it is a wildfire, active shooter scenario or a natural disaster, they need to know what they are walking into and where their resources are located. They also need to communicate and collaborate in real-time - across teams and information sources and often across departments. We entered the civilian public safety market by launching our Critical Incident Management System ("CIMS") for enhanced public safety. Our CIMS solution integrates emergency operations, incident command post, incident commanders, and all responders whether mobile or dismounted. Our CIMS architecture is a native cloud-based Microsoft environment (MS Azure) integrated with the Team Awareness Kit ("TAK"). This provides key stakeholders with seamless fusion and sharing of crucial real-time position location, imagery, and time-sensitive emergency services data and information for effective and coordinated delivery of emergency services, including rescue, fire suppression, emergency medical care, law enforcement, and other forms of hazard control and mitigation. The stage of development for our digitization products and services is as follows: . TASCS Indirect Fire Modules System ("TASCS IFM"): We have completed the development for TASCS IFM for the 81mm mortar system and have conducted extensive user testing with the United States military in the past year. We are also marketing this product to the Canadian forces and expect to conduct trials over the next twelve months. At this time, we do not expect further development unless funded by the military customer. We will proceed to production only upon receiving a customer order. . CIMS: Leveraging from our TAK integration experience with military customers, we are currently offering CIMS services to the public safety market. In July 2022, we won our first contract with CounterCrisis Technology Inc. to co-implement a national Ground Search and Rescue Incident Command System for Public Safety Canada, with the Ontario Provincial Police as technical advisory stakeholder for this project. Sales and marketing efforts for our digitization products is primarily through tradeshows and direct sales to military and public safety markets. Counter-Threat We offer proprietary next-generation counter-threat solutions to protect against hostile enemy lasers, electronic detection and drones. Our patented Phantom product is a miniaturized electronic warfare device with the ability to emulate the electronic communications of North Atlantic Treaty Organization ("NATO") countries to spoof adversaries as to the location of NATO forces. Due to its small size, it can be easily deployed by soldiers at the tactical level or by drones in an area of operation, or mounted on light tactical vehicles. Our Battlefield Laser Detection System ("BLDS") product suite specifically addresses a current NATO need to protect against laser threats: lasers used to "paint" or "lase" ground personnel to target them for attack, or weaponized lasers intended to cause direct injury to personnel from a high-energy laser beam itself. With our latest product under development, referred to as GhostNet, we believe it will provide an effective solution to counter-measure against hostile drones including loitering munitions that can hover for hours waiting for a designed target. Military and Homeland Security agencies are seeking additional options of stopping drones kinetically but without collateral damage. The stage of development for our counter-threat product suite is as follows: . BLDS: We have completed the operational prototype development of our vehicle and squad laser detection product suite. We are currently conducting sensitivity and environmental testing in preparation for customer orders at which stage we will then move the operational prototypes to production. . Phantom: We have completed the development of Phantom Electromagnetic Spectrum Operations ("EMSO") operational prototypes. We have tested, and are currently undergoing testing, EMSO with the United States military. This may lead to further development to be funded by the military customer, upon receiving their specific requirements. We will proceed to production only upon receiving a customer order. . GhostNet: We are currently in the concept and designing phase. Sales and marketing efforts for our counter-threat products are primarily through tradeshows and direct sales to military. We are a corporation domiciled in Canada and were incorporated under the Business Corporations Act (British Columbia) (the "BCBCA") on November 28, 2017. Our registered and head office is located at 2900 - 550 Burrard Street, Vancouver, British Columbia V6C 0A3 and our principal place of business is located at 155 Terence Matthews Crescent, Unit #1, Ottawa, Ontario, Canada.

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  • A specialized Booz Allen Hamilton or SAIC focused exclusively on comprehensive security (cyber and physical).
  • Like a high-end ADT meets CrowdStrike for government and critical infrastructure security.

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  • Cybersecurity Solutions: Provides advanced software and services to protect government and defense networks and critical infrastructure from cyber threats.
  • Defense Systems Integration: Develops, engineers, and integrates complex hardware and software systems for military platforms and operational capabilities.
  • Intelligence, Surveillance, and Reconnaissance (ISR) Solutions: Offers sophisticated sensor platforms, data collection, and analytics tools for critical intelligence gathering and analysis.
  • Secure Communication Platforms: Designs and manufactures encrypted communication devices and networks to ensure secure information exchange in sensitive environments.

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DEFSEC Technologies (symbol: DFSC) appears to be a fictional company often used in hypothetical scenarios. However, assuming it operates in the defense and security sector as its name suggests, its major customers would primarily be other companies (prime defense contractors) and government entities globally. Based on this hypothetical premise, its customer base would typically include:

Prime Defense Contractors:

These companies integrate specialized defense and security technologies into larger systems for government and military contracts.

  • Lockheed Martin Corporation (symbol: LMT)
  • Raytheon Technologies Corporation (symbol: RTX)
  • Northrop Grumman Corporation (symbol: NOC)
  • The Boeing Company (symbol: BA) - particularly its Defense, Space & Security division

Government Agencies:

These entities are direct end-users and primary contractors for advanced defense and security technologies. While not public companies with stock symbols, they represent a significant portion of DEFSEC Technologies' hypothetical customer base.

  • U.S. Department of Defense (DoD)
  • Various U.S. Intelligence Community agencies (e.g., Central Intelligence Agency (CIA), National Security Agency (NSA))
  • Department of Homeland Security (DHS) components (e.g., Cybersecurity and Infrastructure Security Agency (CISA))
  • International defense ministries and government security forces (e.g., Ministries of Defense, national police forces, border patrol agencies)

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Sean Homuth President, Chief Executive Officer, and Director

Sean Homuth was appointed CEO in November 2023. He is a senior financial executive with over 20 years of experience working with Canadian and U.S. public companies across a broad range of industries. Since 2008, he has primarily held senior executive roles with emerging companies, and he has experience with various financing (equity, debt, royalty) and M&A transactions. Homuth is a Chartered Professional Accountant (CPA, CA Ontario) and a Certified Public Accountant (Illinois) and was recognized in Ottawa Business Journal's Forty Under 40 in 2011.

Jennifer Welsh Chief Financial Officer and Chief Compliance Officer

Jennifer Welsh has over 20 years of experience, including more than 18 years with Canadian public companies. She served as VP Finance at Indiva for SNDL Inc., a NASDAQ-listed company, and was previously the founding CFO of Indiva Limited, where she contributed to its growth into a leading Canadian cannabis edibles producer. At Indiva Limited, she was responsible for key financing transactions, brand licensing, and manufacturing operations.

Harry Webster Chief Operating Officer

Harry Webster is the Chief Operating Officer of DEFSEC Technologies.

David E. Luxton Executive Chairman of the Board

David E. Luxton is a recognized entrepreneur within the defense and security industry. Before establishing Simunition, which became a world leader in simulated munitions for close-quarters combat training, he served as an infantry officer and senior official with the Canadian and British governments. He also spearheaded the development of Allen-Vanguard, remaining Chairman until October 2021, and is the former Chairman and CEO of United Tactical Systems, a global leader in non-lethal munitions.

General (Retired) Rick Hillier Board Member

General (Retired) Rick Hillier held Canada's highest-ranking position in the Canadian Forces as the Canadian Chief of the Defence Staff from February 4, 2005, to July 1, 2008. His notable military achievements include overseeing Canada's mission in Afghanistan and being a strong advocate for modernized equipment. General Hillier joined DEFSEC Technologies' Board of Directors on December 6, 2023, and chairs the company's Strategic Planning Committee, after previously serving as an international advisor to the company.

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The key risks to DEFSEC Technologies (symbol: DFSC) include its ongoing profitability challenges, the high volatility and low liquidity of its stock, and its reliance on government contracts and specific product lines.

  1. Profitability Challenges: DEFSEC Technologies faces significant profitability strains, evidenced by operational costs that currently overshadow its gross profits, leading to a substantial operating income shortfall (approximately $1.8 million in Q3 2025). The company has also reported negative margins across various parameters and a negative adjusted EBITDA of -$1.5 million for Q3 2025. Despite reported revenue growth, high operating expenses persist.
  2. Stock Volatility and Low Liquidity: The company's stock is characterized by high volatility and can experience significant price movements daily. Furthermore, DEFSEC Technologies' stock may suffer from low liquidity during certain periods, which inherently increases the general risk associated with investing in the company.
  3. Reliance on Government Contracts and Product Mix: A substantial portion of DEFSEC Technologies' revenue growth is driven by Land C4ISR government contracts and the performance of its ARWEN® product line. This concentration on a few specific government contracts and product offerings, particularly with lower margins observed on the ARWEN® product line due to changes in product mix, poses a risk if these primary revenue streams were to be disrupted or altered.

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Here are 3-5 expected drivers of future revenue growth for DEFSEC Technologies (symbol: DFSC) over the next 2-3 years:
  1. Expansion of Government Defense Contracts: DEFSEC Technologies anticipates continued revenue growth through its involvement in Canadian Government Defense programs, specifically citing the Land C4ISR (Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) and DSEF (Directorate Land Command Systems Program Management Software Engineering Facility) government contracts. The company plans to add resources to fulfill these programs.
  2. Growth of the ARWEN® Product Line: The ARWEN® business is expected to drive increased revenue, fueled by anticipated demand and future orders for new 40mm ammunition and PARA SHOT™ products. Accelerated deliveries resulting from reduced supply chain lead-times are also contributing to higher ARWEN® sales.
  3. Commercialization of KWESST Lightning™ Platform: The commercial launch of the KWESST Lightning™ SaaS (Software as a Service) offering is projected to increase revenue. This platform represents a strategic move into digital infrastructure, addressing the need for real-time data analytics on the modern battlefield and offering high-margin potential.
  4. Development and Sales of Battlefield Laser Detection System (BLDS): The initial order for the BLDS prototype in Q3 2025 is expected to lead to requests for additional networked prototypes and subsequent future sales orders. The company is actively commercializing the next generation of this system.

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Share Repurchases

No information is available regarding share repurchases made by DEFSEC Technologies (DFSC) or its predecessor, KWESST Micro Systems Inc., over the last 3-5 years. A "Buyback Yield" of -949.52% in the last 12 months indicates share issuance rather than repurchases.

Share Issuance

  • In July 2025, DEFSEC Technologies completed a public offering, issuing 673,084 common shares and 86,795 pre-funded warrants, along with common share purchase warrants for up to 759,879 common shares, for gross proceeds of CAD$6.8 million.
  • In February 2025, the company (then KWESST Micro Systems Inc.) announced a private placement for approximately CAD$3.5 million (approximately US$2.5 million), issuing 3,787,879 common shares and/or pre-funded warrants.
  • Effective April 23, 2025, a reverse stock split was implemented on a 1-for-21 basis, reducing the number of outstanding shares from 11,137,638 to approximately 530,363 shares to maintain Nasdaq listing compliance.
  • In August 2024, KWESST Micro Systems Inc. closed a registered direct offering for 4,715,000 common shares at $0.20 per share, generating approximately $943,000 in gross proceeds, intended for working capital and general corporate purposes.

Inbound Investments

  • A public offering in July 2025 raised gross proceeds of CAD$6.8 million.
  • A private placement in February 2025 generated approximately CAD$3.5 million (approximately US$2.5 million) in gross proceeds.
  • The company's cash balance increased by $2.3 million over Fiscal 2024 year-end, which was bolstered by the July 2025 public offering.

Outbound Investments

No specific information is available regarding outbound investments or acquisitions of other companies by DEFSEC Technologies or its predecessor, KWESST Micro Systems Inc., over the last 3-5 years. The acquisition of Kwesst Micro Systems Inc. by Kwesst Inc. in September 2020 was a reverse merger transaction related to the company's formation, not an outbound investment.

Capital Expenditures

  • Capital expenditures in the last 12 months (ending around August 2025) were approximately -$99,749.
  • In June 2025, the company announced the opening of an expanded facility in Kanata North, Ottawa, which is twice the size of its previous location, implying significant capital expenditure.
  • Capital investments are required to ramp up full-rate production quantities for the ARWEN training cartridge in early calendar year 2026.

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Unique Key

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Peer Comparisons

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Financials

DFSCAXONAVAVCACIKTOSPLTRMedian
NameDEFSEC T.Axon Ent.AeroViro.CACI Int.Kratos D.Palantir. 
Mkt Price1.94483.58278.39620.58103.01146.59212.49
Mkt Cap0.037.913.813.717.6348.515.7
Rev LTM52,5581,3708,9791,2853,8961,964
Op Inc LTM-9-28-70822248508
FCF LTM-8145-254634-931,79468
FCF 3Y Avg-11166-92450-421,08378
CFO LTM-8244-195712-91,818118
CFO 3Y Avg-10241-58517221,101132

Growth & Margins

DFSCAXONAVAVCACIKTOSPLTRMedian
NameDEFSEC T.Axon Ent.AeroViro.CACI Int.Kratos D.Palantir. 
Rev Chg LTM228.6%32.0%79.9%10.4%14.0%47.2%39.6%
Rev Chg 3Y Avg107.2%33.7%48.0%11.5%14.3%29.3%31.5%
Rev Chg Q145.3%30.6%150.7%5.7%26.0%62.8%46.7%
QoQ Delta Rev Chg LTM19.7%7.0%26.2%1.4%5.9%13.2%10.1%
Op Mgn LTM-185.5%-1.1%-5.1%9.2%1.9%21.8%0.4%
Op Mgn 3Y Avg-605.8%4.8%2.9%8.8%2.6%12.4%3.8%
QoQ Delta Op Mgn LTM23.6%-1.0%-2.1%0.2%-0.1%5.3%0.0%
CFO/Rev LTM-161.0%9.5%-14.2%7.9%-0.7%46.6%3.6%
CFO/Rev 3Y Avg-634.6%12.4%-4.2%6.3%2.0%35.8%4.2%
FCF/Rev LTM-164.4%5.7%-18.5%7.1%-7.3%46.0%-0.8%
FCF/Rev 3Y Avg-673.3%8.7%-7.6%5.4%-3.5%35.1%1.0%

Valuation

DFSCAXONAVAVCACIKTOSPLTRMedian
NameDEFSEC T.Axon Ent.AeroViro.CACI Int.Kratos D.Palantir. 
Mkt Cap0.037.913.813.717.6348.515.7
P/S0.514.810.11.513.789.411.9
P/EBIT-0.3160.0-162.616.7535.5410.188.3
P/E-0.3147.5-199.026.4878.2318.187.0
P/CFO-0.3155.2-71.019.3-2,042.2191.79.5
Total Yield-355.6%0.7%-0.5%3.8%0.1%0.3%0.2%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-0.5%-1.0%4.7%-0.7%0.8%0.5%
D/E0.50.10.10.20.00.00.1
Net D/E-2.0-0.00.00.2-0.0-0.0-0.0

Returns

DFSCAXONAVAVCACIKTOSPLTRMedian
NameDEFSEC T.Axon Ent.AeroViro.CACI Int.Kratos D.Palantir. 
1M Rtn1.0%-14.2%8.7%15.5%29.9%-12.7%4.9%
3M Rtn-63.0%-34.0%-24.7%10.4%13.7%-26.9%-25.8%
6M Rtn-52.6%-34.9%7.0%34.6%81.6%-5.0%1.0%
12M Rtn-78.5%-25.9%54.5%60.7%208.7%77.7%57.6%
3Y Rtn-78.5%143.6%196.2%104.3%736.1%1,530.6%169.9%
1M Excs Rtn7.8%-16.1%13.5%14.5%35.0%-19.6%10.6%
3M Excs Rtn-59.4%-37.0%-27.6%9.7%12.2%-27.0%-27.3%
6M Excs Rtn-62.4%-45.5%-5.4%25.3%66.0%-16.9%-11.2%
12M Excs Rtn-93.4%-39.3%47.6%46.0%199.6%68.9%46.8%
3Y Excs Rtn-151.2%78.9%151.6%40.1%773.1%1,857.6%115.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Digitization11011
Less-Lethal0000 
Other00000
Training and services0000 
Total21111


Short Interest

Short Interest: As Of Date1152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 12312025-70.0%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity1.4 Mil
Short % of Basic Shares2.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202512/29/202520-F
06/30/202508/13/20256-K
03/31/202505/16/20256-K
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