Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #81

LeoLabs

Recipient: LEOLABS INC; LEOLABS FEDERAL, INC · UEI YWVLWLK75DA3, SM8JX1KNX4L8

About $2.31 raised for every $1 obligated. 97% of it came through prime contracts.

Capital raised
$127.0M
Federal obligations, FY2020–FY2026
$54.9M
Raised per $1 obligated
2.3×
Latest valuation
—
Not disclosed

Obligations by fiscal year

$M
13.1 FY20 3.9 FY21 2.4 FY22 1.3 FY23 14.4 FY24 10.8 FY25 8.9 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$53.2M
Other Transactions
$1.7M
Subawards
$0

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

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: SVDG 2026 report total, plus later announced rounds. Obligations last refreshed 11/5/2026.