WhiteHawk Ltd. (AU:WHK)
ASX:WHK
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WhiteHawk Ltd.
(Sydney:WHK)
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Select Model
Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak financial performance—sharp revenue contraction, persistent losses, and ongoing cash burn—partly offset by improved balance-sheet leverage. Valuation is constrained by a negative P/E and no dividend yield data, while technical analysis is neutral due to missing indicators.
Positive Factors
Improved balance-sheet leverage
Material de-leveraging and restored positive equity reduce insolvency and financing risk, providing durable financial optionality. This stronger capital structure supports longer runway to execute strategy, bid on regulated contracts and invest in product development without immediate refinancing pressure.
Negative Factors
Sharp revenue contraction & negative margins
A ~57% top-line decline materially weakens scale economics and leaves fixed costs unsupported, sustaining deep negative margins. Persistent unprofitability reduces reinvestment capacity, undermines margin recovery prospects and limits ability to capitalize on new contracts without structural margin improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance-sheet leverage
Material de-leveraging and restored positive equity reduce insolvency and financing risk, providing durable financial optionality. This stronger capital structure supports longer runway to execute strategy, bid on regulated contracts and invest in product development without immediate refinancing pressure.
Read all positive factors
WhiteHawk Ltd. (WHK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.44M
Dividend YieldN/A
Average Volume (3M)3.61M
Price to Earnings (P/E)―
Beta (1Y)-1.29
Revenue Growth13.07%
EPS Growth68.60%
CountryAU
Employees18
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding919,709,400
10 Day Avg. Volume3,177,839
30 Day Avg. Volume3,608,871
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)9.55
Price to Sales (P/S)2.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)AU$23.50M
WhiteHawk Ltd. Business Overview & Revenue Model
Company Description
WhiteHawk Limited operates as an online cybersecurity exchange in Australia and the United States. The company offers products, such as cyber risk program, cyber risk radar, cyber risk scorecard, business risk online suite, and cybersecurity matur...
WhiteHawk Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.16M | 2.08M | 1.80M | 3.22M | 2.30M |
| Gross Profit | 184.81K | 1.17M | 962.79K | 1.75M | 954.07K |
| EBITDA | -1.03M | -1.54M | -2.53M | -1.41M | -2.24M |
| Net Income | -1.24M | -1.78M | -2.84M | -1.54M | -2.47M |
Balance Sheet | |||||
| Total Assets | 795.11K | 1.59M | 777.60K | 4.35M | 2.97M |
| Cash, Cash Equivalents and Short-Term Investments | 654.52K | 1.07M | 103.03K | 3.20M | 1.35M |
| Total Debt | 23.68K | 425.07K | 727.90K | 531.94K | 94.14K |
| Total Liabilities | 344.64K | 1.52M | 1.58M | 4.20M | 1.61M |
| Stockholders Equity | 450.46K | 63.36K | -805.99K | 811.36K | 1.36M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -1.11M | -3.05M | -499.08K | -1.79M |
| Operating Cash Flow | -1.62M | -1.11M | -3.05M | -488.33K | -1.79M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -7.45K | 91.08K |
| Financing Cash Flow | 1.18M | 2.07M | 983.88K | 1.20M | 889.11K |
WhiteHawk Ltd. Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.01
Negative
Market Momentum
>-0.01
Negative
47.61
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WHK, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WHK.
WhiteHawk Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | AU$6.38M | -1.21 | -15.64% | ― | -22.47% | 39.26% | |
45 Neutral | AU$6.44M | -3.48 | -658.94% | ― | 13.07% | 68.60% | |
45 Neutral | AU$29.84M | -17.78 | -64.64% | 4.99% | -38.38% | -275.50% | |
44 Neutral | AU$4.32M | -0.75 | -53.27% | ― | 2.15% | -900.00% | |
42 Neutral | AU$7.50M | -3.19 | -347.64% | ― | ― | ― |
* Technology Sector Average
AU:WHK
WhiteHawk Ltd.
0.01
-0.02
-66.67%
AU:FCT
FirstWave Cloud Technology
0.01
0.00
0.00%
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Senetas Corporation Limited
1.80
-0.30
-14.29%
AU:BEO
SkyFii Limited
0.11
-0.09
-45.00%
AU:KNO
Knosys Ltd.
0.02
-0.02
-45.95%
WhiteHawk Ltd. Corporate Events
WhiteHawk Reshapes Leadership as It Accelerates AUKUS-Focused Cyber Growth
Mar 23, 2026
WhiteHawk is overhauling its leadership structure and regional focus as it steps up expansion in the Australian and Asia-Pacific cyber security market. Executive Chair Terry Roberts will step down as Chair by July 1, 2026, with the board seeking a...
WhiteHawk to Release Over 39 Million Securities From Voluntary Escrow
Mar 10, 2026
WhiteHawk Limited has announced that 20,013,583 company shares and 19,137,227 WHKOA options will be released from voluntary escrow on 17 March 2026, in line with ASX Listing Rule 3.10A. The forthcoming availability of these securities to the marke...
WhiteHawk Names New Company Secretary to Bolster Governance Capability
Mar 1, 2026
WhiteHawk Limited has appointed Ms Louisa Ho as Company Secretary effective 1 March 2026, bringing in a legally qualified and commercially experienced governance specialist with a background in accounting, law and corporate compliance for ASX-list...
WhiteHawk Expands Cyber Compliance Platforms Amid Modest 2025 Revenue
Feb 27, 2026
WhiteHawk reported US$2.1 million in revenue for 2025, including previously invoiced unearned revenue, and ended the year with a cash balance of US$654,000, while recording a post-tax loss influenced by non-cash items such as depreciation, share-b...
WhiteHawk seeks ASX quotation for 1 million new ordinary shares
Feb 24, 2026
WhiteHawk Limited has applied to the Australian Securities Exchange for quotation of 1,000,000 ordinary fully paid shares under its existing ticker WHK, with an issue date of 24 February 2026. The move modestly increases the company’s listed...
WhiteHawk Issues New Shares and Flags Ongoing Strategic Cyber Security Opportunities
Feb 2, 2026
WhiteHawk Limited has issued 3,237,260 fully paid ordinary shares following the conversion of performance rights under its shareholder-approved Performance Rights and Options Plan, along with 50,000 fully paid ordinary shares under its Stock Appre...
WhiteHawk Director Melissa King Increases Shareholding Through Performance Rights Conversion
Feb 2, 2026
WhiteHawk Ltd has disclosed a change in director Melissa King’s equity holdings following the conversion of performance rights into ordinary shares. King’s direct holding of ordinary shares increased by 237,260 to 1,565,246, while her ...
WhiteHawk Seeks ASX Quotation for 3.24 Million New Shares
Feb 2, 2026
WhiteHawk Limited has applied to the ASX for quotation of 3,237,260 new fully paid ordinary shares, to be issued under its existing WHK ticker on 2 February 2026. The additional securities, arising from the exercise or conversion of existing optio...
WhiteHawk Seeks ASX Quotation for 50,000 New Employee Incentive Shares
Feb 2, 2026
WhiteHawk Limited has applied to the ASX for quotation of 50,000 new ordinary fully paid shares issued under an employee incentive scheme, with the securities to be listed under its existing ticker WHK. The move modestly expands the company’...
WhiteHawk Issues 3 Million Unquoted Performance Rights Under Employee Incentive Scheme
Feb 2, 2026
WhiteHawk Limited has notified the market of the issue of 3,000,000 unquoted performance rights, expiring on 9 November 2029, under an employee incentive scheme, effective 2 February 2026. The new performance rights are not intended to be quoted o...
WhiteHawk Sets Terms for 3 Million Performance Rights Under Incentive Plan
Feb 2, 2026
WhiteHawk Limited has outlined the terms and conditions governing 3,000,000 performance rights issued under its shareholder-approved Performance Rights and Options Plan. The performance rights are granted for nil consideration and vest in three cl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.