T3 Defense Inc. most recently reported annual revenue of $0, net profit of $79.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
T3 Defense Inc.: Revenue fell from $19.0M in 2021 to $0 in 2025, a change of -100.0% over 4 years; net profit was positive in 1 of 5 reported years; operating margin moved from -4.8% to -239.8%, a shift of -234.9 percentage points; the most recent year shows net profit of $79.0M.
Income Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Revenue
$19.0M
$22.0M
$21.0M
$6.0M
$0
Operating Expenses
$20.0M
$33.0M
$39.0M
$20.0M
$33.0M
Operating Profit
$-1.0M
$-11.0M
$-17.0M
$-14.0M
$-33.0M
Operating Margin
-4.8%
-51.8%
-82.0%
-239.8%
0.0%
Other Income
$0
$-1.0M
$0
$6.0M
$109.0M
Interest
$0
$0
$0
$1.0M
$0
Depreciation
$0
$3.0M
$2.0M
$0
$0
Profit Before Tax
$-1.0M
$-12.0M
$-17.0M
$-9.0M
$77.0M
Tax
$0
$0
$0
$0
$10,000
Net Profit
$-1.0M
$-12.0M
$-17.0M
$-9.0M
$79.0M
EPS
$-2.59
$-23.76
$-45034.00
$-616.16
$967.65
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 8 Quarters (USD millions)
Metric
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$0
$0
$0
$0
$0
$0
$4.0M
$4.0M
Operating Expenses
$2.0M
$5.0M
$2.0M
$1.0M
$5.0M
$25.0M
$7.0M
$7.0M
Operating Profit
$-1.0M
$-5.0M
$-2.0M
$-1.0M
$-5.0M
$-25.0M
$-4.0M
$-3.0M
Operating Margin
-601.1%
0.0%
0.0%
0.0%
0.0%
0.0%
-104.3%
-84.5%
Interest
$0
$0
$0
$0
$0
$0
$3.0M
$1.0M
Profit Before Tax
$4.0M
$-161.0M
$103.0M
$3.0M
$-16.0M
$-13.0M
$-26.0M
$-86.0M
Tax
$0
$0
$0
$0
$0
$-70,000
$-140,000
$220,000
Net Profit
$4.0M
$-161.0M
$103.0M
$3.0M
$-16.0M
$-11.0M
$-27.0M
$-87.0M
EPS
$265.32
$-6495.00
$2269.12
$67.09
$-251.78
$-177.21
$-142.50
$-180.72
Over the 5 years reported for T3 Defense Inc., cash stood at $4.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.32 times.
Balance Sheet — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Total Assets
$16.0M
$18.0M
$3.0M
$1.0M
$202.0M
Current Assets
$5.0M
$4.0M
$3.0M
$1.0M
$14.0M
Cash
$0
$0
$0
$0
$4.0M
Inventory
$0
$0
$0
$0
$0
Receivables
$3.0M
$1.0M
$2.0M
$0
$9.0M
Fixed Assets
$0
$0
$0
$0
$1.0M
Capital Work in Progress
$0
$0
$0
$0
$0
Investments
$1.0M
$7.0M
$0
$1.0M
$0
Other Assets
$0
$0
$0
$0
$8.0M
Total Liabilities
$7.0M
$7.0M
$10.0M
$8.0M
$45.0M
Current Liabilities
$7.0M
$7.0M
$9.0M
$7.0M
$44.0M
Borrowings
$0
$0
$0
$4.0M
$2.0M
Other Liabilities
$7.0M
$7.0M
$9.0M
$4.0M
$43.0M
Equity
$0
$0
$0
$0
$0
Reserves
$9.0M
$11.0M
$-6.0M
$-7.0M
$-20.0M
For T3 Defense Inc., operating cash flow was positive in 2 of 5 reported years; free cash flow in the latest year was negative at $6.0M; free cash flow was positive in 2 of 5 years.
Cash Flow Statement — 5 Years (USD millions)
Metric
2021
2022
2023
2024
2025
Operating Cash Flow
$1.0M
$2.0M
$-1.0M
$-4.0M
$-6.0M
Investing Cash Flow
$0
$0
$-1.0M
$0
$-180.0M
Financing Cash Flow
$0
$0
$0
$0
$0
Net Cash Flow
$1.0M
$1.0M
$-2.0M
$-1.0M
$-4.0M
Free Cash Flow
$1.0M
$2.0M
$-1.0M
$-4.0M
$-6.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.00
EV / EBITDA
-0.29
FCF Yield
-196.92%
Quick Ratio
0.11
Interest Coverage
-9.75
Return 1Y
-99.13%
Return 3Y
-99.90%
Return 5Y
-99.88%
T3 Defense Inc. (DFNS) financials — frequently asked questions
What is T3 Defense Inc.'s annual revenue?
T3 Defense Inc. (DFNS) reported annual revenue of $0 in its most recent fiscal year.
What is T3 Defense Inc.'s net profit?
T3 Defense Inc. (DFNS) reported net profit of $79.0M in its most recent fiscal year.
What is DFNS EV/EBITDA?
T3 Defense Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -0.29. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.