First Breach

Aerospace & Defense
First Breach Inc. is a vertically integrated defense technologies manufacturer operating primarily out of its facility in Hagerstown, Maryland. The company's core business involves the production of match-grade ammunition and critical ammunition components, including brass cups, casings, full-metal-jacket projectiles, lead cores, and lead wire. By maintaining in-house capabilities from lead smelting to final product assembly, First Breach ensures rigorous quality control and supply chain resilience. Its products are sold to commercial consumers, law enforcement agencies, and military clients, largely through wholesale distributor channels as well as direct-to-consumer e-commerce. In addition to its ammunition business, First Breach is expanding into the aerospace and defense sector by developing advanced unmanned aerial systems (UAS). Through strategic partnerships, including a joint venture with ideaForge and an agreement with Hellbender Inc., the company is localizing the production of attritable FPV drone systems and advanced robotics for defense and homeland security applications.

$55.1M

Market Cap • 11/13/2026

NASDAQ

Listing Exchange

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United States

Country

Valuation

P/B

40,3

P/S

86,9

P/EBITDA

—

P/OCF

—

P/FCF

—

P/E

—

BVPS

0

EPS

—

Market Cap

Market Cap

55,1M

EV

62,2M

EV/Revenue

98

EV/EBITDA

-1,9

EV/EBIT

-1,9

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

-8,3%

Total Yield

-8,3%

Payout

0%

Retained Earnings

-63,8M

Profitability

Gross Margin

—

EBITDA Margin

—

EBIT Margin

—

Net Margin

—

D&A/EBITDA

0%

R&D/Revenue

0%

Capex/Revenue

265,2%

Capex/D&A

124,7%

Capex/OCF

-19,4%

SBC/OCF

—

% PPE

58,8%

% Goodwill

0%

ROE

—

ROIC

—

Leverage

N.D./EBITDA

—

Debt/Equity

0%

Current Ratio

0,5

Quick Ratio

0,3

Interest Coverage

—

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