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Tessera Defense & Homeland Security Inc. (HLSQ) stock

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NYSE: HLSQ NYSE Aerospace & Defense

Tessera Defense & Homeland Security Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades

The Fundamentalytics view

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 323% in the quarter to 2025-12-31.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Tessera Defense & Homeland Security Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 210% and a beta of 1.6 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results

Earnings per share
-$213.90 against an average estimate of -$50.60: missed by 322.7%
Share reaction
-8.9% in the first session after the results on November 12, 2025, against -1.6% for the S&P 500

Tessera Defense & Homeland Security's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day0.0%
  • 1 week-24.6%
  • 1 month-56.7%
  • This year-99.2%
  • 1 year-99.8%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
November 12, 2025

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Share issue
  3. Share issue
  4. Leadership
  5. Agreement
  6. Announcement
  7. Agreement
  8. Agreement
  9. Announcement
  10. Governance
  11. Announcement
  12. Announcement
  13. Shareholder vote

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tessera Defense & Homeland Security Inc. valuation models and calculator

No model value for Tessera Defense & Homeland Security Inc. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Tessera Defense & Homeland Security Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.27 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no twelve-month earnings or share count in the filings yet
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: no twelve-month earnings or share count in the filings yet
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: no twelve-month earnings or share count in the filings yet
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: no twelve-month earnings or share count in the filings yet
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. — No model applies: the filings don’t yet support a value.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tessera Defense & Homeland Security Inc. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Tessera Defense & Homeland Security Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Dec 2025 −$50.60 −$213.90 −322.7%
Sept 2025 −$60.80 −$55.10 +9.4%
Jun 2025 −$49.40 −$36.10 +26.9%
Mar 2025 −$57.00 −$62.70 −10.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
2.2%
of tradable shares
Days to cover
0.24
at average volume
Short interest, 1 month
+310%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
3.8%
of shares
Employees
20
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HLSQ−75%−88%+50%−74%−87%−99%
Industry peers (median)−4%−10%+13%+22%+19%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HLSQ17%33%42%25%17%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HLSQ−83%−93%−58%−93%−92%−100%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since March 13, 2019: 100% from October 25, 2019 to November 2, 2026. Getting back needed a 13153746% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.16 – $92.72
From 52-week high
−99.8%
vs 50-day average
−77.4%
vs 200-day average
−99.1%
Volatility (1 year)
211%
Beta vs S&P 500
1.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
0 up, 12 down
typical move ±6.5%
After a week
1 up, 11 down
typical move ±14.1%
After a month
2 up, 10 down
typical move ±22.0%
Results releasedNext dayS&P 500 next day5 days21 days
November 12, 2025 −8.9% −1.6% −30.2% −68.8%
August 13, 2025 −10.5% +0.4% −7.5% −15.5%
May 15, 2025 −1.3% +1.1% −3.3% −25.2%
March 25, 2025 −17.5% −1.0% −21.7% −3.0%
November 14, 2024 −14.4% −1.9% −32.0% −8.1%
April 3, 2024 −1.0% −1.1% −10.9% +6.2%
November 14, 2023 −2.8% +2.2% +2.6% −28.7%
August 9, 2023 −10.5% −0.6% −11.9% −2.9%
May 15, 2023 −5.0% −0.3% −2.5% +25.4%
March 29, 2023 −0.6% +2.0% −8.9% −13.7%
November 9, 2022 −4.4% +3.3% −26.5% −34.4%
August 10, 2022 −1.4% +2.1% −11.5% −32.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8.3M 4 trades by 1 insider · 0% under pre-set plans
Net ▼ $8.3M net selling
Insider Date Trade Shares Price Value
Yeganeh Reuven Director March 17, 2026 Sell 530,000 $5.00 $2.6M
Yeganeh Reuven Director March 16, 2026 Sell 450,000 $5.00 $2.3M
Yeganeh Reuven Director March 13, 2026 Sell 370,000 $5.00 $1.9M
Yeganeh Reuven Director March 12, 2026 Sell 300,000 $5.00 $1.5M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2026 estimated from the company's past filing pattern, not announced

  • November 12, 2025
  • August 13, 2025
  • May 15, 2025
  • March 25, 2025
  • November 14, 2024
  • April 3, 2024

Recent SEC filings

Data status

When each part of this page on Tessera Defense & Homeland Security Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tessera Defense & Homeland Security Inc. in brief

What does Tessera Defense & Homeland Security Inc. do?
Tessera Defense & Homeland Security Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Tessera Defense & Homeland Security Inc.'s stock ticker?
Tessera Defense & Homeland Security Inc. trades under the ticker HLSQ on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Are insiders buying or selling Tessera Defense & Homeland Security Inc. stock?
Over the last 12 months, Tessera Defense & Homeland Security Inc.'s directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.