Stocks Consumer discretionary DFNS
NASDAQ · Consumer discretionaryT3 Defense Inc. (DFNS)
It posted a net loss of $136M. In fiscal 2025 capital spending exceeded operating cash flow by $6.2M. At June 30, 2026 it held $4.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 18, 2026.
Key facts about T3 Defense Inc.
- Net worth
- T3 Defense Inc. has a market value (market cap) of $4.9M at the latest share price, and shareholders' equity of -$25.3M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2024 revenue was $5.9M (-72.2% year on year), with a net loss of $8.5M.
- Cash flow
- In fiscal 2025 operations used $6.2M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 18, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- T3 Defense Inc.'s next report was expected around October 23, 2026 and is not on file with the SEC yet.
What T3 Defense Inc. does
T3 Defense Inc. is registered with the SEC under industry code SIC 8742 (Services-Management Consulting Services). Its shares trade on NASDAQ under the ticker DFNS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $78.5M | $7.96 | -$6.2M |
| 2024 | $5.9M | -$8.5M | -$4.93 | n/a |
| 2023 | $21.3M | -$17.4M | -$13.84 | n/a |
| 2022 | n/a | -$967.6K | -$0.21 | n/a |
| 2023 | $21.5M | -$11.8M | -$1.21 | n/a |
| 2021 | n/a | -$599.1K | -$0.10 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Latest SEC filings
What T3 Defense Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 2, 2026
- October 2, 2026
- October 2, 2026
- September 15, 2026
- September 15, 2026Activist stake changed SCHEDULE 13D/A
- September 11, 2026New debt 8-K
- September 10, 2026Other event 8-K
- September 3, 2026IPO registration S-1
- September 3, 2026IPO registration S-1
- August 31, 2026
Insider trades
What the people running T3 Defense Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| April 27, 2026 | Shalom MenachemChief Executive Officer, Director, 10% owner | Other change | 4,174,399 | $2.1M |
| April 27, 2026 | Shalom MenachemChief Executive Officer, Director, 10% owner | Other change | 67,009 | - |
| January 29, 2026 | Shalom MenachemCEO, Director, 10% owner | Exercised options | 200,000 | $300K |
| January 16, 2026 | Shalom MenachemCEO, Director, 10% owner | Other change | 1,992,010 | - |
| December 30, 2025 | Kotaieva AnastasiiaSee Remarks below | Sold | 75,000 | $302.3K |
| December 29, 2025 | Kotaieva AnastasiiaSee Remarks below | Sold | 75,000 | $306.8K |
| December 26, 2025 | Kotaieva AnastasiiaSee Remarks below | Soldindirect | 55,604 | $237K |
| December 24, 2025 | Kotaieva AnastasiiaSee Remarks below | Soldindirect | 55,604 | $249.6K |
Who owns DFNS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Shalom Menachem13D, may seek influence | 25.42% | April 28, 2026 |
| X S.E. Security and Defense Ltd.13D, may seek influence with 1 related filers | 16.67% | July 24, 2026 |
| Esousa Group Holdings LLC13G, passive with 1 related filers | 9.9% | February 17, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 28 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Vanguard Capital Management LLC | 2,367,483 | +1,720,453 |
| Jane Street Group, LLC | 1,072,718 | +1,041,395 |
| Y.D. More Investments Ltd | 2,711 | 0 |
| UBS Group AG | 620,678 | +141,401 |
| BlackRock, Inc. | 479,938 | -53,325 |
| Vanguard Personalized Indexing Management, LLC | 338,041 | +321,330 |
| Geode Capital Management, LLC | 287,972 | +34,309 |
| Vanguard Fiduciary Trust Co | 281,851 | +214,198 |
| XTX Topco Ltd | 98,989 | new |
| State Street Corp | 93,263 | +50,000 |
| Northern Trust Corp | 70,512 | +22,596 |
| Clearview Wealth Management LLC | 40,952 | 0 |
| LPL Financial LLC | 31,170 | +117 |
| Heirloom Wealth Management | 30,864 | new |
| ACT Advisors, LLC. | 22,692 | new |
| Coyle Financial Counsel LLC | 16,478 | new |
| Revolve Wealth Partners, LLC | 14,600 | new |
| Wealthspire Advisors, LLC | 13,972 | new |
| TRB Wealth Management, LLC | 13,154 | new |
| Insigneo Advisory Services, LLC | 10,290 | 0 |
Insiders
6 insiders reported holding 16,832,427 shares in total, about $32.8M at the last price.
| Holder | Shares |
|---|---|
| Shalom MenachemChief Executive Officer, Director, 10% owner | 15,617,438 |
| Kotaieva AnastasiiaSee Remarks below | 1,149,9891,149,989 held indirectly |
| Yeganeh ReuvenDirector | 20,000 |
| Rokach DavidDirector | 15,000 |
| Volodarsky AviyaDirector | 15,000 |
| Nagar TomerDirector | 15,000 |
Questions about DFNS
What does T3 Defense Inc. do?
T3 Defense Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as DFNS. Its shares trade on NASDAQ under the ticker DFNS.
What is T3 Defense Inc.'s net worth?
T3 Defense Inc. has a market value (market cap) of $4.9M at the latest share price, and shareholders' equity of -$25.3M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is T3 Defense Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $136M.
When did T3 Defense Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 18, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the iPO registration (amended) from October 2, 2026.
When is T3 Defense Inc.'s next earnings report?
T3 Defense Inc.'s next report was expected around October 23, 2026 and is not on file with the SEC yet.
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Where the numbers come from
Financial figures are the values T3 Defense Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.