{ "ok": true, "cik": "1787518", "ticker": "DFNS", "name": "T3 DEFENSE INC.", "filings": [ { "form": "8-K", "filed": "2026-09-11", "items": [ "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1787518/000118518526003953/0001185185-26-003953-index.htm" }, { "form": "8-K", "filed": "2026-09-10", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1787518/000118518526003911/0001185185-26-003911-index.htm" }, { "form": "S-1", "filed": "2026-09-03", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1787518/000118518526003839/0001185185-26-003839-index.htm" }, { "form": "S-1", "filed": "2026-09-03", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1787518/000121390026097287/0001213900-26-097287-index.htm" }, { "form": "8-K", "filed": "2026-08-31", "items": [ "1.02 Termination of a Material Definitive Agreement", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1787518/000118518526003774/0001185185-26-003774-index.htm" }, { "form": "8-K", "filed": "2026-08-20", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/1787518/000118518526003654/0001185185-26-003654-index.htm" } ], "events12m": 45, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001787518.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1787518" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up T3 DEFENSE INC. ($DFNS). Last filing: 8-K (2.03 Creation of a Direct Financial Obligation), 2026-09-11. 45 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-01-14. Non-reliance (8-K Item 4.02) filed 2025-01-08.", "auditor": { "changes": [ { "filed": "2026-01-14", "url": "https://www.sec.gov/Archives/edgar/data/1787518/000121390026004347/0001213900-26-004347-index.htm" } ], "nonReliance": [ { "filed": "2025-01-08", "url": "https://www.sec.gov/Archives/edgar/data/1787518/000121390025001731/0001213900-25-001731-index.htm" } ], "restatedSince": true }, "metrics": { "fiscalYearEnd": "2024-09-30", "revenue": 5913461, "revenueGrowth1y": -0.7223419850892414, "revenueGrowthPerYear": -0.47548560572379517, "yearsOfData": 3, "operatingMargin": -1.2014960443638674, "operatingMarginPrior": -0.6883274214112529, "netMargin": -1.4406115132914548, "operatingCashFlow": -3818000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 373, "longTermDebt": 3313865, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2022-09-30", "revenue": 21513474 }, { "fiscalYearEnd": "2023-09-30", "revenue": 21297642 }, { "fiscalYearEnd": "2024-09-30", "revenue": 5913461 } ], "totalEquity": -7097713, "totalAssets": 984999, "equityRatio": -7.205807315540422, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 1740669.6185573062, "high": 3125568.0928393765, "baseline": 2371807.6285015754, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 1740669.6185573062, "high": 3125568.0928393765 } }, "edgarette": "🔖 Exposure: revenue $5.9M (FY2024), total debt $3.3M. Experience: revenue down 72.2% on the year, down 47.5% a year over 2 years; operating margin -120.1%, down from -68.8%. Soundness: equity -720.6% of assets (liabilities exceed assets). Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $1.7M and $3.1M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (17 filers, $50M+ revenue, services-management consulting services): operating margin -120.1% against a 6.5% median; growth -72.2% against 4.2%.", "peers": { "sic": 8742, "sicDescription": "Services-Management Consulting Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "8742", "growth": [ 0.0421, 17 ], "opMargin": [ 0.0645, 17 ], "equityRatio": [ 0.4363, 17 ], "returnOnEquity": [ 0.0941, 16 ], "payoutRatio": [ 0.4492, 8 ] }, "summary": "T3 Defense (DFNS) saw revenue fall 72.2% in FY2024 to $6 million, operating margin -120% against a 6.5% median for services-management consulting services, equity -721% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
T3 DEFENSE INC. against its own record and its peers
Operating marginPeer median 6.5%-120.1%Revenue, on the yearPeer median 4.2%-72.2%Equity of assetsPeer median 43.6%-720.6%Gold tick: the median of 17–17 peers with $50M+ revenue in services-management consulting services
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:19:48.782Z", "hash": "e99c89fc055598e8", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "T3 Defense (DFNS) saw revenue fall 72.2% in FY2024 to $6 million, operating margin -120% against a 6.5% median for services-management consulting services, equity -721% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2024-09-30", "revenue": 5913461, "totalDebt": 3313865, "cash": 373 }, "experience": { "revenueGrowth1y": -0.7223419850892414, "revenueGrowthPerYear": -0.47548560572379517, "operatingMargin": -1.2014960443638674, "operatingMarginPrior": -0.6883274214112529, "netMargin": -1.4406115132914548, "freeCashFlow": null }, "soundness": { "equityRatio": -7.205807315540422, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 8742, "sicDescription": "Services-Management Consulting Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "8742", "growth": [ 0.0421, 17 ], "opMargin": [ 0.0645, 17 ], "equityRatio": [ 0.4363, 17 ], "returnOnEquity": [ 0.0941, 16 ], "payoutRatio": [ 0.4492, 8 ] }, "credibility": { "auditedYears": 3, "weight": "moderate", "standard": "ASOP No. 25", "nonReliance": { "filed": "2025-01-08", "url": "https://www.sec.gov/Archives/edgar/data/1787518/000121390025001731/0001213900-25-001731-index.htm", "restatedSince": true, "markedDown": false }, "auditorChange": { "filed": "2026-01-14", "url": "https://www.sec.gov/Archives/edgar/data/1787518/000121390026004347/0001213900-26-004347-index.htm" } }, "range": { "low": 1740669.6185573062, "high": 3125568.0928393765, "baseline": 2371807.6285015754, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:19:48.782Z", "hash": "e99c89fc055598e8", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001787518.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1787518" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }