Investing
Lyntris (LYNX) Stock Rises 25% on Q3 Revenue Surge
LYNX shares rose 25.2% on November 5, 2026 after Lyntris third quarter results showed revenue up 90% to $194 million and backlog hit $1,013 million.
Lyntris (NYSE: LYNX) shares were up 25.2% in regular trading on November 5, 2026, the first session after Lyntris third quarter results came out the previous evening. Revenue rose 90% year over year to $194 million, and backlog (the value of contracted work not yet turned into revenue) reached $1,013 million.
Lyntris third quarter results: what the company reported
| Metric | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Adjusted EBITDA | $29 million | $15 million | +91% |
| Adjusted EPS | $0.15 | $0.02 | +$0.13 |
| Net loss | $3.0 million | $3.5 million | Narrower |
| Operating cash flow | $84 million inflow | $3 million outflow | Swing to positive |
| Free cash flow | $79 million | -$4 million outflow | Swing to positive |
Adjusted EBITDA is earnings before interest, taxes, depreciation and amortization, excluding one-off and non-cash costs; adjusted EPS is profit per share on a similar basis. The net loss included a $7 million charge from refinancing debt, $5 million of stock-based pay and $3 million of acquisition and IPO costs.
All three business lines grew. Air & Missile Defense revenue rose 154% to $83 million as flagship radar programs moved into production, Space ISR & Resilient Communications rose 108% to $57 million, and Maritime Domain Awareness rose 29% to $54 million. For full-year 2026, the company expects revenue of $623 million to $630 million and adjusted EBITDA of $95.5 million to $97 million.
Why the stock rose 25.2%
The move was about five times the size of a typical day's swing for the stock. Backlog was the standout detail: it stood at $476 million at the end of 2025 and $924 million at the end of June, so the September figure is up 113% for the year. Organic growth of 89%, meaning growth not bought through acquisitions, showed nearly all of the revenue jump came from existing operations.
What to watch next
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How quickly the $1,013 million backlog turns into reported revenue.
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Fourth-quarter results against the full-year revenue range, with $435 million booked through nine months.
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The net leverage ratio (debt minus cash, divided by a year of adjusted EBITDA), reported at 1.2x.
FAQ
When did Lyntris go public?
Lyntris completed its IPO on August 20, 2026, selling 17 million shares at $17.50 each, of which about 5.7 million were sold by the company for net proceeds of about $67 million. It used about $60 million of that to repay its revolving credit line.
Is Lyntris profitable?
Not on a reported basis yet: its net loss for the first nine months of 2026 was $18 million, or $0.17 per share, compared with $13 million a year earlier.
Sources
This article is for information only and is not investment advice.