DFNS T3 Defense Inc. - Common Stock

$28.12
Price · Aug 18, 2026
Fundamentals as of Apr 9, 2026

DFNS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$28.12
Market Cap
$535M
P/E (TTM)
3.5
EPS (TTM)
$7.96
Revenue (TTM)
$6M
Div Yield
ROE
-214.7%
Debt/Equity
-0.0
52W Range
$0 – $91

DFNS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $6M
3-point trend, -72.5%
2022-09-30 2024-09-30
EPS $7.96
6-point trend, +8060.0%
2021-12-31 2025-12-31
Free Cash Flow $-6M
2025-12-31 2025-12-31
Margins
2-point trend, +1149.1%
2023-09-30 2024-09-30

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DFNS
Peer Median
P/E (TTM)
2-point trend, +207.2%
3.5
P/S (TTM)
2-point trend, +467.6%
32.7
P/B
2-point trend, -462.8%
-27.0
EV / EBITDA
-16.3
Price / FCF
-85.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DFNS
Peer Median
ROA
5-point trend, +5948.8%
74.3%
ROE
5-point trend, -1460.3%
-214.7%
ROIC
164.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DFNS
Peer Median
Debt / Equity
-0.0
Current Ratio
5-point trend, -98.7%
0.3
Quick Ratio
5-point trend, -47.0%
0.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DFNS
Peer Median
Revenue YoY
3-point trend, -72.5%
-72.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DFNS
Peer Median
EPS (Diluted)
5-point trend, +757.9%
$7.96

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DFNS
Peer Median

DFNS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 7 analysts
  • Strong Buy 2 28.6%
  • Buy 4 57.1%
  • Hold 1 14.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-17
Median target $103.75 +269.0%
Mean target $103.75 +269.0%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DFNS $77M 0.5 -72.2% -214.7%
BGDE
SAIH
VIP
LPSN $47M -0.3 -22.0% -27.6% 106.0%
AWRE -6.6 -0.55%
TAOX $27M -0.4 -9609.2% -150.1%
NTRP $40M -1.6 641.0% -428.2% -290.2% 17.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for DFNS
Metric Trend 2025202420232022
Revenue · · $21M ·
Cost of Revenue · · $22M ·
Gross Profit · · $-343.1K ·
SG&A Expense $28M · · ·
Operating Expenses 2-point trend, +90.4% $33M · $17M ·
Operating Income 3-point trend, -2611.2% $-33M · $-17M $-1M
Interest Expense · · $1.8K ·
Other Non-op 3-point trend, +46414.9% $109M · $36.6K $234.8K
Pretax Income 2-point trend, +539.6% $77M · $-17M ·
Income Tax $9.0K · · ·
Net Income 3-point trend, +8217.8% $79M · $-17M $-967.6K
EPS (Basic) 3-point trend, +4123.8% $8.45 · $-1.73 $-0.21
EPS (Diluted) 3-point trend, +3890.5% $7.96 · $-1.73 $-0.21
Shares (Basic) 3-point trend, +80.4% 8,364,332 · 1,259,333 4,636,222
Shares (Diluted) 3-point trend, +99.5% 9,249,992 · 1,259,333 4,636,222
EBITDA 3-point trend, -2611.2% $-33M · $-17M $-1M
Balance Sheet 27
Annual Balance Sheet data for DFNS
Metric Trend 2025202420232022
Cash & Equivalents 4-point trend, +839.1% $3M $7M $19.3K $279.7K
Short-term Investments $250.0K · · ·
Receivables $506.0K · · ·
Prepaid Expense 3-point trend, +21444.7% $159.0K $102.0K · $738
Other Current Assets 3-point trend, +588.8% $224.0K $107.0K $32.5K ·
Current Assets 4-point trend, +121.8% $14M $9M $3M $6M
PP&E (Net) $101.0K · · ·
Goodwill $8M · · ·
Intangibles 2-point trend, -51.5% $16.0K · $33.0K ·
Other Non-current Assets $36.0K · · ·
Total Assets 4-point trend, +5936.6% $202M $9M $3M $3M
Accounts Payable 4-point trend, -60.6% $124.0K $70.0K $138.7K $315.0K
Accrued Liabilities 2-point trend, +49.9% $2M $1M · ·
Short-term Debt $12.0K · · ·
Current Liabilities 4-point trend, +998.0% $44M $171M $9M $4M
Capital Leases $143.0K · · ·
Deferred Tax $647.0K · · ·
Total Liabilities 4-point trend, +1036.3% $45M $172M $10M $4M
Long-term Debt · $2M · ·
Total Debt $12.0K · · ·
Common Stock 3-point trend, -99.9% $2.0K · $126 $4M
Paid-in Capital 3-point trend, +302.2% $103M $38M $26M ·
Retained Earnings 4-point trend, -1470.8% $-123M $-201M $-32M $-8M
AOCI 2-point trend, -206.4% · $-34.0K $32.0K ·
Stockholders' Equity 4-point trend, -300.4% $-20M $-163M $-6M $10M
Liabilities + Equity 4-point trend, +3211.5% $202M $9M $3M $6M
Shares Outstanding 4-point trend, +1159.2% 19,025,767 4,930,531 1,259,333 1,511,000
Cash Flow 11
Annual Cash Flow data for DFNS
Metric Trend 2025202420232022
D&A · · $273.7K ·
Stock-based Comp 2-point trend, +4976.1% $19M · $370.9K ·
Deferred Tax · · $-989.3K ·
Amort. of Intangibles · · $2M ·
Other Non-cash · · $17M ·
Operating Cash Flow 3-point trend, -447.2% $-6M · $-1M $-1M
CapEx $31.0K · · ·
Investing Cash Flow 3-point trend, -479.5% $-180M · $-1M $47M
Financing Cash Flow 3-point trend, +550.2% $182M · $418.3K $-40M
Net Change in Cash 2-point trend, -131.1% $-4M · $-2M ·
Free Cash Flow $-6M · · ·
Profitability 8
Annual Profitability data for DFNS
Metric Trend 2025202420232022
Gross Margin · · -1.6% ·
Operating Margin · · -82.0% ·
Net Margin · · -81.8% ·
Pretax Margin · · -81.8% ·
EBITDA Margin · · -80.7% ·
ROA 3-point trend, +1039.1% 74.3% · -519.8% -7.9%
ROE 3-point trend, -673.4% -214.7% · -1944.4% -27.8%
ROIC 164.8% · · ·
Liquidity & Solvency 4
Annual Liquidity & Solvency data for DFNS
Metric Trend 2025202420232022
Current Ratio 3-point trend, -79.8% 0.3 · 0.3 1.5
Quick Ratio 3-point trend, -95.0% 0.1 · 0.0 1.5
Debt / Equity -0.0 · · ·
Interest Coverage · · -9832.9 ·
Efficiency 1
Annual Efficiency data for DFNS
Metric Trend 2025202420232022
Asset Turnover · · 6.4 ·
Per Share 5
Annual Per Share data for DFNS
Metric Trend 2025202420232022
Book Value / Share 3-point trend, +59.9% $-1.04 · $-0.61 $-2.59
Revenue / Share · · $2.11 ·
Cash Flow / Share 3-point trend, -174.3% $-0.67 · $-0.12 $-0.24
Cash / Share 3-point trend, -96.6% $0.14 · $0.00 $4.04
EPS (TTM) 3-point trend, +3890.5% $7.96 · $-1.73 $-0.21
Growth Rates 1
Annual Growth Rates data for DFNS
Metric Trend 2025202420232022
Revenue YoY · · -1.0% ·
Valuation (TTM) 13
Annual Valuation (TTM) data for DFNS
Metric Trend 2025202420232022
Revenue TTM 2-point trend, -23.2% $16M · $21M ·
Net Income TTM 3-point trend, +8217.8% $79M · $-17M $-967.6K
Market Cap $77M · · ·
Enterprise Value $74M · · ·
P/E 0.5 · · ·
P/S 4.7 · · ·
P/B -3.9 · · ·
P / Cash Flow -12.4 · · ·
P / FCF -12.3 · · ·
EV / EBITDA -2.3 · · ·
EV / FCF -11.8 · · ·
EV / Revenue 4.5 · · ·
Earnings Yield 197.5% · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312024-09-302023-09-302022-12-31
Revenue $6M$21M
Gross Margin % 16.9%-1.6%
Operating Margin % -239.8%-82.0%
Net Income $79M$-9M$-17M$-967.6K
Diluted EPS $7.96$-4.93$-1.73$-0.21
Balance Sheet
2025-12-312024-12-312024-09-302023-09-302022-12-31
Debt / Equity -0.0
Current Ratio 0.30.10.31.5
Quick Ratio 0.10.00.01.5
Cash Flow
2025-12-312024-12-312024-09-302023-09-302022-12-31
Free Cash Flow $-6M

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Institutional owners (13F) 33 filers · $3.3M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
14 (-1 vs prior Q) 10 (+3 vs prior Q) 9 (+5 vs prior Q) 1 (-1 vs prior Q) +4.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $2,017,744 500,681 62.06% Shares
VANGUARD CAPITAL MANAGEMENT LLC $404,840 2,367,483 12.45% Shares
Y.D. More Investments Ltd $154,961 2,711 4.77% Shares
AlphaQuest LLC $137,858 34,208 4.24% Shares
JANE STREET GROUP, LLC $132,744 776,278 4.08% Shares
BlackRock, Inc. $82,069 479,938 2.52% Shares
UBS Group AG $78,025 456,284 2.40% Shares
Vanguard Personalized Indexing Management, LLC $57,805 338,041 1.78% Shares
VANGUARD FIDUCIARY TRUST CO $48,197 281,851 1.48% Shares
GEODE CAPITAL MANAGEMENT, LLC $43,132 252,175 1.33% Shares
XTX Topco Ltd $16,927 98,989 0.52% Shares
STATE STREET CORP $15,948 93,263 0.49% Shares
NORTHERN TRUST CORP $12,058 70,512 0.37% Shares
GM Advisory Group, Inc. $10,022 13,972 0.31% Shares
Clearview Wealth Management LLC $7,003 40,952 0.22% Shares
LPL Financial LLC $5,330 31,170 0.16% Shares
Heirloom Wealth Management $5,278 30,864 0.16% Shares
ACT Advisors, LLC. $3,880 22,692 0.12% Shares
Coyle Financial Counsel LLC $2,818 16,478 0.09% Shares
Revolve Wealth Partners, LLC $2,497 14,600 0.08% Shares
Wealthspire Advisors, LLC $2,389 13,972 0.07% Shares
TRB Wealth Management, LLC $2,249 13,154 0.07% Shares
INSIGNEO ADVISORY SERVICES, LLC $1,760 10,290 0.05% Shares
HB Wealth Management, LLC $1,710 10,000 0.05% Shares
Physician Wealth Advisors, Inc. $1,258 7,356 0.04% Shares
Vanguard Global Advisers, LLC $1,214 7,099 0.04% Shares
OSAIC HOLDINGS, INC. $514 3,030 0.02% Shares
MERCER GLOBAL ADVISORS INC /ADV $503 2,943 0.02% Shares
Marquette Asset Management, LLC $400 2,336 0.01% Shares
MORGAN STANLEY $120 700 0.00% Shares
NATIONAL BANK OF CANADA /FI/ $7 40 0.00% Shares
Cygnus Capital Advisors, LLC $3 4,800 0.00% Shares
Avion Wealth $0 5,494 0.00% Shares

Company insiders 8 insiders · 1 officers · 7 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Shalom Menachem Chief Executive Officer April 27, 2026 J 7,683,418 0 0 $0
Tomer Nagar Director Nov. 13, 2025 A 15,000 0 0 $0
Aviya Volodarsky Director Nov. 13, 2025 A 15,000 0 0 $0
David Rokach Director Nov. 13, 2025 A 15,000 0 0 $0
Reuven Yeganeh Director Nov. 13, 2025 A 20,000 0 0 $0
Brian Ferrier Director April 19, 2022 J 5,000 0 0 $0
Yebo Shen Director April 19, 2022 J 5,000 0 0 $0
Anastasiia Kotaieva Dec. 30, 2025 S 0 0 8 $-2,047,707

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Shalom Menachem April 28, 2026 25.42% Amendment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 2 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VXF · VANGUARD INDEX FUNDS 0.00% 198,345 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 2,169,138 SH Aug. 8, 2026 Daily