T3 Defense Inc. (DFNS) Income Statement
DFNS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDFNS revenue and net income
DFNS profit margins
DFNS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −100.0% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DFNS quarterly EPS vs estimates
T3 Defense beat the analyst EPS estimate in 1 of the last 1 quarters.
DFNS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $5.9M | $21.3M | $21.5M | $19.3M |
| Cost of revenue | — | $4.9M | $21.6M | $22.2M | $19.4M |
| Gross profit | — | $998,516 | −$343,141 | −$661,396 | −$82,322 |
| Sales, general & admin | $28.3M | $8.6M | $3.8M | $5.9M | $850,082 |
| Total operating expenses | $32.6M | $15.2M | $17.1M | $10.5M | $850,082 |
| Operating income | −$32.6M | −$14.2M | −$17.5M | −$11.1M | −$932,404 |
| Interest income | $279,000 | $0 | — | — | — |
| Interest expense | $154,000 | $550,066 | $1,776 | $0 | $4,170 |
| Income before taxes | $76.6M | −$8.5M | −$17.4M | −$11.8M | −$936,846 |
| Income taxes | $9,000 | — | — | — | — |
| Net income | $78.5M | −$8.5M | −$17.4M | −$11.8M | −$936,846 |
| EBITDA | $76.8M | −$8.0M | −$15.0M | −$9.2M | −$463,390 |
| EPS (diluted) | $1991.28 | −$343.49 | −$37745.55 | −$21.60 | −$6.11 |
| Gross margin | — | 16.9% | −1.6% | −3.1% | −0.4% |
| Operating margin | — | −239.8% | −82.0% | −51.8% | −4.8% |
| Net margin | — | −144.1% | −81.8% | −55.1% | −4.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0M | $3.7M | $0 | $0 | $0 | $0 | $0 | $236,099 |
| Cost of revenue | $3.4M | $3.3M | — | $0 | $0 | $0 | — | $18,320 |
| Gross profit | $597,000 | $371,000 | — | $0 | $0 | $0 | — | $217,779 |
| Research & development | $348,000 | $274,000 | — | — | — | — | — | — |
| Sales, general & admin | $4.0M | $3.9M | $20.9M | $4.8M | $1.0M | $1.5M | $4.5M | $1.2M |
| Total operating expenses | $4.0M | $4.2M | $25.3M | $4.8M | $1.0M | $1.5M | $4.5M | $1.6M |
| Operating income | −$3.4M | −$3.8M | −$25.3M | −$4.8M | −$1.0M | −$1.5M | −$4.5M | −$1.4M |
| Interest income | $1.3M | $1.8M | — | — | — | — | $0 | — |
| Interest expense | $825,000 | $2.9M | $318,277 | $49,891 | $223,969 | $198,417 | $439,326 | $468,688 |
| Income before taxes | −$85.9M | −$26.2M | −$13.5M | −$16.3M | $3.2M | $103.1M | −$160.6M | $4.5M |
| Income taxes | −$190,000 | $38,000 | $9,000 | — | — | — | — | — |
| Net income | −$86.8M | −$27.1M | −$11.1M | −$16.4M | $3.0M | $103.0M | −$160.8M | $4.5M |
| EBITDA | −$3.0M | −$23.2M | −$13.8M | −$16.3M | $3.5M | $103.3M | −$160.2M | $4.9M |
| EPS (diluted) | −$2.10 | −$120.51 | −$72.68 | −$251.78 | $67.09 | $2269.12 | — | $265.32 |
| Gross margin | 14.9% | 10.2% | — | — | — | — | — | 92.2% |
| Operating margin | −84.5% | −104.3% | — | — | — | — | — | −601.1% |
| Net margin | −2,170.9% | −743.1% | — | — | — | — | — | 1,887.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DFNS's financial statements (latest annual report filed April 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DFNS financial results
T3 Defense reported no revenue in fiscal year 2025 (ended December 31, 2025). It had net income of $78.5 million. Diluted earnings per share came to $1991.28.
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DFNS income statement FAQ
Does T3 Defense have revenue?
T3 Defense reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is T3 Defense profitable?
Yes. T3 Defense reported net income of $78.5 million in fiscal 2025.
What are T3 Defense's earnings per share?
T3 Defense earned $1991.28 per diluted share in fiscal 2025, compared with $-343.49 a year earlier.
When does T3 Defense's fiscal year end?
T3 Defense's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 9, 2026.