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T3 Defense Inc. (DFNS)

Nasdaq: DFNS · Services-Management Consulting Services · New York, NY · filing with the SEC since 2019
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Grade1.7
◀ Past 0.8● Present 1.1▶ Future 4.1
2 est.
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The grade of T3 Defense Inc.

Nine metrics read from its own filings, by tense
Headline grade
1.7/10
◀ Past0.840% of the headline
● Present1.135% of the headline
▶ Future4.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

0.8/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.6/10

Has it survived what it has been through?

33 warning events since 2019; the latest 2026-08-20.

weight 33% of this tense · 6th percentile among 33 sector filers · read for itself

From the record

T3 Defense Inc.'s filings since 2019 show 33 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 13 times, the latest 2026-08-20); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2025-01-08); an auditor change (8-K item 4.01, 2 times, the latest 2026-01-14); a late-report notice (Form NT 10-K or NT 10-Q, 15 times, the latest 2026-08-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.7/10

What has it actually done, year after year?

-47.5% a year over 3 filed years; profitable in 0 of 4.

weight 45% of this tense · 7th percentile among 31 sector filers · read for its customers

From the record

T3 Defense Inc.'s 3 filed years say what it did: revenue went from $22 million in fiscal 2022 to $6 million in fiscal 2024, down 47.5% a year; it rose in 0 of 2 years; the deepest fall was 73% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-47.5%bottom 5% of its family
  • the share of years revenue rosebottom 2% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak72.5%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.3/10

How has it treated the people who own it?

Share count grew 151.7% a year. 0% of cash flow returned. Insiders: 8 sales, 3 purchases.

weight 22% of this tense · 13th percentile among 26 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, T3 Defense Inc.'s diluted share count grew about 151.7% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 8 sales and 3 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 5% of its family
  • cash returned against operating cash flowbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

1.1/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
0.3/10

Is it financially healthy right now?

Leverage 110%: owes 110¢ per asset dollar.

weight 33% of this tense · 3rd percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, T3 Defense Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 110 cents per dollar of assets, and net share issuance: its share count grew 435.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 2% of its family
  • the share count against the year beforebottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.7/10

How strong is its position in its industry?

bottom 17% of 33 in its family; net margin -144.1%.

weight 45% of this tense · 17th percentile among 33 sector filers · read for its customers

From the record

T3 Defense Inc.'s standing among 33 graded names in its industry family: revenue of $6 million in fiscal 2024 ranks in the bottom 25% by size; a net margin of -144.1% ranks in the bottom 20%; revenue growth of -47.5% a year over the last 2 filed years ranks in the bottom 8% (its annual reports).

What it rests on

  • revenue against the family$5.9Mbottom 25% of its family
  • net margin-144.1%bottom 20% of its family
  • three-year revenue growth-47.5%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
0.9/10

What are the people in charge doing?

bottom 9% of 18 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 9th percentile among 18 sector filers · read for its shareholders

From the record

T3 Defense Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Shalom, Menachem (Chief Executive Officer, as filed), filing under that title since 2024-09-25, 2.1 years (bottom 9% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 1.9 years (bottom 15%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 2%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 7 peoplebottom 2% of its family
  • the median years the people in charge have filed1.9 yearsbottom 15% of its family
  • the chief executive's years on the record2.1 yearsbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.1/1025% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

SI estimate
3.8/10

How much room does it have to grow?

SI estimate 3.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 38th percentile among 33 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the bottom 38% of 33 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 33 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: T3 Defense Inc.'s room to expand is put at 3.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 38% of 33 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 30 in its family for growth drivers.

weight 33% of this tense · 35th percentile among 30 sector filers · read for its customers

From the record

T3 Defense Inc.'s growth drivers, from the filed years to fiscal 2024: revenue grew -47.5% a year over the last three filed years against -47.5% over all 3, speeding up (top 32% of its family); the newest year grew -72.2% (bottom 2%) (its annual reports). T3 Defense Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 32% of its family
  • the newest year's revenue growth-72.2%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.1/10

Did its newest year beat what its own record pointed to?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 26 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 26 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 26 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: T3 Defense Inc.'s expectations vs reality is put at 5.1 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 26 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DFNS · research, not advice