Insights

2026 NatSec100 Companies

Stats to Date

$16B

Total Federal Obligations

Since 2010

$6.5B

$1B

Federal Prime

Federal Subcontract

$3.4B

$2.7B

Federal SBIR Awards

Federal OTA

↑ 36%

Increase from 2025

Prime, Sub, OTA, SBIR/STTR

Contract Breakdown
FY2020-2025

Insights

2026 NatSec100 Companies

Stats to Date

$304.1B

Total Private Capital Raised

$118.2B without OpenAI

↑ 165%

From May 2025 (with OpenAI)

↑ 106%

From May 2025 (without OpenAI)

8.5 years

Average Age of Company

$288.1B

Gap between Total Private Capital and Total Federal Awards

Without OpenAI

$102.2B

With OpenAI

$16B

Total Federal Obligations

Since 2010

$6.5B

$1B

Federal Prime

Federal Subcontract

$3.4B

$2.7B

Federal SBIR Awards

Federal OTA

↑ 36%

Increase from 2025

Prime, Sub, OTA, SBIR/STTR

Contract Breakdown
FY2020-2025

$304.1B

Total Private Capital Raised

$118.2B without OpenAI

↑ 165%

From May 2025 (with OpenAI)

↑ 106%

From May 2025 (without OpenAI)

8.5 years

Average Age of Company

$288.1B

Gap between Total Private Capital and Total Federal Awards

Without OpenAI

$102.2B

With OpenAI

$304.1B

Total Private Capital Raised

$118.2B without OpenAI

8.5 years

Average Age of Company

$288.1B

Gap between Total Private Capital and Total Federal Awards

$102.2B

↑ 165%

From May 2025 (with OpenAI)

↑ 106%

From May 2025 (without OpenAI)

Without OpenAI

With OpenAI