Event-Driven Stocks

T3 Defense Inc.

DFNSNasdaq

Industrials · Services-Management Consulting Services · DE · SEC filings ↗ · Compare ⊕

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Signs● 1 good● 2 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue—$5.9M$21.3M$21.5M——
Operating income−$32.6M−$7.1M−$17.5M−$11.1M−$670,916−$148,010
Net income$78.5M−$8.5M−$17.4M−$11.8M−$599,127−$317,737
Total assets$202.4M$9.1M$3.4M$18.4M$47.7M$46.7M
Total liabilities$45.2M$172.5M$9.5M$7.5M$2.1M$575,662
Equity−$19.8M−$163.3M−$6.2M$10.9M$9.2M$154,808
EPS (diluted)$7.96$-4.93$-1.73$-1.21$-0.10—
Shares out.4.8M14.8M1.8M5.5M6.1M1.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
—
Net margin
—
Return on equity
−397.0%
Return on assets
38.8%
Return on capital (ROCE)
−20.5%
Liabilities / assets
22.3%
Debt / equity
—
Book value / share
$-4.13
Revenue growth (YoY)
—
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-4.49distress
Accruals / assets
41.9%high accruals
Piotroski F-Score
5/7mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
31
/ 100
Profitability 33Growth n/aCatalyst 67Earnings quality 0Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 2 warning● 1 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Negative operating cash flow
  • High accruals — earnings-quality risk
  • Conservative leverage (liabilities < 50% of assets)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20264.5M2.8+57.3%
Apr 30, 20262.9M1.0+3.3%
Apr 15, 20262.8M1.0-8.4%
Mar 31, 20263.0M2.7-11.5%
Mar 13, 20263.4M1.0+7.2%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (3)

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