T3 Defense Inc. balance sheet DFNS

Annual Quarterly

As of Jun 30, 2026, T3 Defense Inc. had total assets of $316.0 million and total liabilities of $159.8 million. Total assets were up 4321.3% from a year earlier. Stockholders' equity was negative, at -$25.3 million, because liabilities exceed assets. It held $6.3 million in cash and investments against $8.6 million of total debt, net debt of $2.3 million. The current ratio, current assets divided by current liabilities, was 0.14.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2024 Sep 30, 2024	FY 2023 Sep 30, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Assets
Cash	4 +168.8%	3 +704189.5%	7 +87783.8%	0 -95.2%	0	—	—	1
Short-term investments	2	0	—	—	—	—	—	—
Cash and investments	6 +311.9%	3 +771213.7%	7 +87783.8%	0 -95.2%	0 -100.0%	—	47 +1.4%	47
Receivables	4	1	—	—	—	—	—	—
Inventory	5	—	—	—	—	—	—	—
Total current assets	21 +205.2%	14 +1303.6%	9 +210.5%	1 -67.0%	3 -52.1%	6 -87.2%	48	—
Property and equipment, net	1 +4196.5%	0	—	—	—	—	—	—
Goodwill	99	8	—	—	—	—	—	—
Total assets	316 +4321.3%	202 +20446.8%	9 +171.7%	1 -70.6%	3 -45.1%	6 -87.2%	48 +2.0%	47
Liabilities and equity
Accounts payable	4 +4053.1%	0 -72.3%	0 -49.5%	0 +223.3%	0 -56.0%	0 +1.8%	0 +1093.4%	0
Total current liabilities	153 +153.5%	44 +515.9%	171 +1779.2%	7 -22.5%	9 +130.1%	4 +105.0%	2 +489.9%	0
Total liabilities	160 +163.9%	45 +459.0%	172 +1706.6%	8 -15.3%	10 +140.1%	4 +88.0%	2 +267.5%	1
Stockholders' equity	-25 +52.6%	-20 -178.8%	-163 -2537.6%	-7 -14.6%	-6 -58.0%	-4 -114.0%	-2 -1283.4%	0
Debt
Debt due within a year	5 +187.6%	0	—	—	—	—	—	—
Long-term debt	—	—	2	3	—	—	—	—
Lease liabilities	4 +2349.3%	1	—	—	—	—	—	—
Total debt	9 +393.8%	1 -80.1%	2 +8854.2%	3 +18836.4%	—	—	—	—
Net cash	-2 -978.7%	2 +166.9%	5 +55337.9%	-3 -34233.1%	—	—	—	—
Ratios
Current ratio	0.14x	0.31x	0.05x	0.14x	0.32x	1.54x	24.64x	—
Return on equity	—	—	—	—	—	—	—	-205.25%
Return on assets	-42.79%	38.81%	-93.52%	-864.87%	-519.84%	-15.83%	-1.26%	-0.68%
Book value per share	-33.38	-130.01	-33.13	-3.38	-4.92	-2.59	-1.21	0.10

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Services-Management Consulting Services (SIC 8742)
Listed as: DFNS (Nasdaq), DFNSW (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: New York, NY
SEC filer status: , Emerging growth company
SEC CIK: 1787518
Former names: Nukkleus Inc. (until Feb 9, 2026); Brilliant Acquisition Corp (until Dec 26, 2023)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.