Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #29

Epirus

Recipient: EPIRUS, INC · UEI JJKVLHAMFJT9

About $3.40 raised for every $1 obligated. 95% of it came through Other Transactions (OTs).

Capital raised
$540.0M
Federal obligations, FY2020–FY2026
$159.0M
Raised per $1 obligated
3.4×
Latest valuation
$1.0B
Series D, Mar 2025 (">$1B")

Obligations by fiscal year

$M
0.1 FY20 0.5 FY21 7.3 FY22 55.7 FY23 25.8 FY24 39.4 FY25 30.2 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$4.3M
Other Transactions
$150.7M
Subawards
$4.0M

Cite this: Defense Tech Signals, "Capital vs. Contracts: Epirus," data as of 2026-11-08, https://data.defensetechsignals.com/c/epirus/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.