Saturday 17 October 2026
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T3 Defense Inc.
DFNS Industrials Aerospace & Defense
T3 Defense Inc.’s revenue for fiscal 2024 (year ended September 2024) was $5.9 million, down 72.2% from fiscal 2023. In the quarter to June 2026, revenue grew 1,438.1%, EPS fell 139.7%, free cash flow fell 267.7% and total debt rose 685.4%, each against the same quarter a year earlier.
4.82
1.32
−21.50%
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Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 2.54 | 80.00 | 40.00 | 45.00 | 20.00 | 7,064.29 | 7,285.71 | 2,320.00 | 162.50 | 413.75 |
Analyst estimates 2026–2028 Powerpack |
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| High | 1,010.00 | 130.00 | 80.00 | 250.00 | 7,557.14 | 7,500.00 | 8,021.43 | 10,985.71 | 9,790.00 | 4,981.25 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 1 | 12 | 12 | 18 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 21.51 | 0.00 | 0.49 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 19 | 19 | 19 | 19 | 22 | 21 | 6 | — | ||||
| Gross margin, % | — | — | 1.56 | (0.01) | 0.76 | (3.66) | (3.07) | (1.61) | 16.89 | — | |||||
| EBT | — | — | 0 | 0 | 0 | (1) | (1) | (17) | (7) | 77 | |||||
| EBT margin, % | — | — | (1.11) | 0.00 | (1.65) | (3.11) | (4.50) | 0.00 | (124.77) | 0.00 | |||||
| Net income | — | 0 | 0 | 0 | 0 | (1) | (1) | (17) | 0 | 77 | |||||
| Depreciation | — | — | — | 0 | 0 | 0 | 3 | 2 | 0 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 0.08 | 0.08 | 5,189.19 | 3,161.80 | 4,676.85 | 0.00 | 428.51 | 0.00 | ||||
| Earnings | — | — | 0.00 | 0.00 | (85.93) | (98.02) | (208.71) | (1,729.93) | (616.20) | 1,056.25 | |||||
| Cash flow | — | — | 0.00 | 0.00 | (37.05) | (70.64) | (246.26) | (0.12) | (276.67) | (92.65) | |||||
| Capex | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.46) | |||||
| Free cash flow | — | — | 0.00 | 0.00 | (37.05) | (70.64) | (246.26) | (0.13) | (276.67) | (93.11) | |||||
| Book value | — | — | 0.00 | 0.00 | 41.84 | (300.33) | (852.17) | (0.61) | 0.00 | (232.87) | |||||
| Shares, m | — | — | 234 | 230 | 0 | 0 | 0 | 10 | 0 | 0 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | ||||
| P/S | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.45 | 0.77 | — | |||||
| P/B | — | — | 0.00 | 10.47 | 170.90 | 0.00 | 0.00 | 0.00 | 0.00 | — | |||||
| EV/Sales | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.64 | 1.60 | — | |||||
| EV/FCF | — | — | 0.00 | 0.00 | 146.00 | 3.72 | 12.82 | (42.18) | (2.65) | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | 0 | 0 | 0 | (1) | (1) | (4) | (6) | ||||
| Capex | — | — | — | 0 | 0 | — | — | 0 | 0 | 0 | |||||
| Free cash flow | — | — | 0 | 0 | 0 | 0 | (1) | (1) | (4) | (6) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | 0 | 0 | 46 | 46 | 2 | (6) | (162) | (30) | ||||
| Total debt | — | — | 0 | 0 | 0 | 2 | 4 | 0 | 1 | 1 | |||||
| Net debt | — | — | 0 | 0 | (46) | (46) | (2) | 0 | (6) | (3) | |||||
| Shareholders’ equity | — | — | (1) | 0 | 0 | (2) | (4) | (6) | (163) | (16) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | (138.78) | (0.42) | (0.69) | (1.27) | (7.91) | (519.85) | 0.00 | 74.28 | ||||
| ROIC | — | — | 0.00 | (0.08) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | — | 0.00 | 0.18 | (399.37) | 71.44 | (27.76) | 281.41 | 0.00 | (87.80) | |||||
Negative figures in brackets.
Fiscal years to Sep 2024 · latest quarter Jun 2026 · fundamentals updated 28 Sep 2026
Charts ten years each
T3 Defense Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MOB Mobilicom Limited Sponsored ADR | $41.8M | — (loss-making) | — (loss-making) | −64.81% (below 0%: shrinking) | n/m | −367.36% (below 0%: shrinking) | 58.40% | 0.00% | Compare |
| LILMF Lilium N.V. | $33.0M | — (loss-making) | — | — | n/m | −16,519.23% (below 0%: shrinking) | — | 0.00% | Compare |
| XTIA XTI Aerospace, Inc. | $30.8M | — (loss-making) | — (loss-making) | +5,622.31% (above 0%: growing) | n/m | +30.76% (above 0%: growing) | 18.58% | (37.51%) | Compare |
| GPUS Hyperscale Data, Inc. | $27.8M | 0.0× | 9.9× | +34.75% (above 0%: growing) | n/m | −696.15% (below 0%: shrinking) | 25.24% | (66.34%) | Compare |
| DFNS T3 Defense Inc. | $20.0M | — (loss-making) | — | +1,438.11% (above 0%: growing) | n/m | −267.69% (below 0%: shrinking) | 25.35% | (84.53%) | |
| PRZO ParaZero Technologies Ltd. | $15.5M | — | — | — | — | −42.97% (below 0%: shrinking) | 43.65% | 0.00% | Compare |
| DUKR DUKE Robotics Corp. | $14.7M | — (loss-making) | — | +313.89% (above 0%: growing) | n/m | −77.73% (below 0%: shrinking) | 38.93% | (622.82%) | Compare |
| AIRI Air Industries Group | $12.3M | — (loss-making) | — (loss-making) | −5.25% (below 0%: shrinking) | n/m | +365.52% (above 0%: growing) | 20.70% | (3.05%) | Compare |
| VWAV visionwave holdings, inc. | $9.6M | — (loss-making) | — | — | n/m | −10,453.05% (below 0%: shrinking) | 40.03% | (6,337.65%) | Compare |
| Median of peers | $21.7M | — | — | +34.75% | — | −222.54% | 38.93% | (20.28%) |
T3 Defense Inc. (DFNS) key facts
- Concern: T3 Defense Inc.’s revenue for fiscal 2024 (year ended September 2024) was $5.9 million, down 72.2% from fiscal 2023.
- T3 Defense Inc. (DFNS) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
- As of October 16, 2026, DFNS traded at $4.82, a market capitalization of $20.0 million.
- Return on equity was −87.8% and debt-to-equity -0.40.
- Its Altman Z-score is −82.20 (distress zone) for fiscal 2024.