Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #57

Shift5

Recipient: SHIFT5, INC. · UEI XJKYQJGYDKM7

About $4.27 raised for every $1 obligated. 90% of it came through prime contracts.

Capital raised
$181.0M
Federal obligations, FY2020–FY2026
$42.4M
Raised per $1 obligated
4.3×
Latest valuation
—
Not disclosed

Obligations by fiscal year

$M
3.0 FY20 4.8 FY21 1.8 FY22 6.3 FY23 1.3 FY24 25.0 FY25 0 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$38.2M
Other Transactions
$4.2M
Subawards
$0

Cite this: Defense Tech Signals, "Capital vs. Contracts: Shift5," data as of 2026-11-08, https://data.defensetechsignals.com/c/shift5/.

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.