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Private company

IronNet, Inc.

IronNet, Inc. is an American prepackaged software services company based in McLean.1

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Prepackaged Software1
  • HeadquartersMclean, Virginia1
  • Incorporated inDE2
  • Business address7900 Tysons One Place, Suite 400, Mclean, Va 221022
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

48.7%Gross margin3
-395.2%Operating margin3
-407.3%Net margin3
-1.0%Revenue growth, 20233
-$65.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue30¢$14.0M
  • Research and development68¢$32.4M
  • Interest2¢$897.0K
  • Income tax0¢$58.0K

Out of $27.3M in revenue.3 The company lost money this year.

Financial statements

Revenue43$27.3M in 2023−7% since 2021
0$10.0M$20.0M$30.0M2021: $29.2M$29.2M20212022: $27.5M$27.5M2022−6%2023: $27.3M$27.3M2023−1%
Gross profit43$13.3M in 2023−40% since 2021
0$10.0M$20.0M$30.0M2021: $22.2M$22.2M20212022: $18.2M$18.2M2022−18%2023: $13.3M$13.3M2023−27%
Operating income543-$107.7M in 2023+17007% since 2020
-$300.0M-$200.0M-$100.0M02020: -$629.7K-$629.7K20202021: -$55.3M-$55.3M2021+8679%2022: -$229.8M-$229.8M2022+316%2023: -$107.7M-$107.7M2023−53%
Net income543-$111.0M in 2023+10187% since 2019
-$300.0M-$200.0M-$100.0M02019: -$1.1M-$1.1M20192020: -$8.8M-$8.8M2020+718%2021: -$55.4M-$55.4M2021+527%2022: -$242.6M-$242.6M2022+338%2023: -$111.0M-$111.0M2023−54%
Fiscal year20192020202120222023
Revenue$29.2M4$27.5M3$27.3M3
Cost of revenue$7.0M4$9.4M3$14.0M3
Gross profit$22.2M4$18.2M3$13.3M3
Research and development$25.8M4$52.9M3$32.4M3
Operating expenses$247.9M3$121.0M3
Operating income-$629.7K5-$55.3M4-$229.8M3-$107.7M3
Interest$04$1.2M3$897.0K3
Income before tax-$242.2M3-$111.0M3
Income tax$37.6K5$77.0K4$465.0K3$58.0K3
Net income-$1.1M5-$8.8M5-$55.4M4-$242.6M3-$111.0M3
Earnings per share-$3.033-$1.073
Earnings per share (diluted)-$3.033-$1.073
Shares (weighted, basic)80.0M shares3104.0M shares3
Shares (weighted, diluted)80.0M shares3104.0M shares3

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Corporate structure

IronNet, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of IronNet, Inc.

  • IronNet, Inc. Mclean, Virginia

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What IronNet, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$1.1M3 Jan 31, 2023$86.0K3 Jan 31, 2022+1126.7%
Property and equipment, before depreciation$12.2M3 Jan 31, 2023$10.0M3 Jan 31, 2022+22.1%
Accumulated depreciation$6.2M3 Jan 31, 2023$4.4M3 Jan 31, 2022+42.1%
Property and equipment, net$6.0M3 Jan 31, 2023$5.6M3 Jan 31, 2022+6.5%
Finance-lease assets$205.0K3 Jan 31, 2023
Operating-lease assets (leased space)$1.9M3 Jan 31, 2023$2.7M3 Feb 1, 2022−29.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.6M3 Jan 31, 2023$47.7M3 Jan 31, 2022−84.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.7M3 Jan 31, 2023$4.6M3 Jan 31, 2022−41.7%

Leadership

Who has led IronNet, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Marc Gabelli2019
  2. Keith B. Alexander2021
  3. William E. Welch2021–2022
  4. Linda Kay Zecher2023

Chair

  1. Keith B. Alexander2021

President

  1. John S. Mega2019
  2. Keith B. Alexander2021

Chief financial officer

  1. Robert Lapenta V. Jr.2019
  2. James C. Gerber2021–2022
  3. Cameron Pforr2022
20202025
Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorMichael J. Rogers named Feb 22, 202229
  • DirectorTheodore E. Schlein named Feb 22, 202229

Former names

  • LGL Systems Acquisition Corp.Jun 26, 2019 to Aug 30, 20212
  • MTRON Systems Acquisition Corp.May 30, 2019 to Jul 9, 20192

Timeline

  1. Jan 19, 20248-K Bankruptcy or receivership; Regulation FD disclosure30
  2. Nov 21, 20238-K Regulation FD disclosure31
  3. Oct 17, 20238-K Entered a material agreement; Other events32
  4. Oct 12, 20238-K Bankruptcy or receivership; Debt or obligation accelerated; Executive or director change33
  5. Oct 10, 20238-K Entered a material agreement34
  6. Sep 29, 20238-K Other events35
  7. Sep 5, 20238-K Debt or obligation accelerated; Executive or director change; Other events36
  8. Sep 1, 20238-K Entered a material agreement; New debt or obligation; Executive or director change37
  9. Aug 30, 20238-K Debt or obligation accelerated38
  10. Jul 25, 20238-K Entered a material agreement; New debt or obligation; Listing notice or transfer39
  11. Jul 21, 2023New chief executive Linda Kay Zecher becomes CEO9
  12. Jul 17, 20238-K Listing notice or transfer40
  13. Jul 12, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares41
  14. Aug 30, 2021New chief executive William E. Welch becomes CEO11
  15. Aug 30, 2021New chief executive Keith B. Alexander becomes CEO10
  16. Nov 6, 2019New chief executive Marc Gabelli becomes CEO12

Calendar

When it reported results

  1. Sep 15, 2022Reported quarterly or annual results42
  2. Jun 14, 2022Reported quarterly or annual results43
  3. Apr 8, 2022Reported quarterly or annual results44
  4. Dec 15, 2021Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

190 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 39 major events, 56 insider forms, 12 large holders, 1 private raises, 71 other. The latest 20:

  1. Feb 22, 202415-12G EDGAR
  2. Feb 14, 2024SC 13D/A EDGAR
  3. Feb 12, 2024SC 13G/A EDGAR
  4. Jan 31, 202410-K/A EDGAR
  5. Jan 31, 202410-Q EDGAR
  6. Jan 31, 202410-Q EDGAR
  7. Jan 31, 202410-Q EDGAR
  8. Jan 26, 2024EFFECT EDGAR
  9. Jan 26, 2024EFFECT EDGAR
  10. Jan 26, 2024EFFECT EDGAR
  11. Jan 26, 2024EFFECT EDGAR
  12. Jan 26, 2024EFFECT EDGAR
  13. Jan 26, 2024EFFECT EDGAR
  14. Jan 22, 2024S-8 POS EDGAR
  15. Jan 22, 2024S-8 POS EDGAR
  16. Jan 22, 2024POS AM EDGAR
  17. Jan 22, 2024POS AM EDGAR
  18. Jan 22, 2024POS AM EDGAR
  19. Jan 22, 2024POS AM EDGAR
  20. Jan 22, 2024POS AM EDGAR

The 190 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

39 open-market trades by officers, directors and large owners since October 2021: 2 buys and 37 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 3, 2022Closser DonaldChief Product OfficerSale9,741$0.68$6.6KForm 4
Oct 6, 2022Closser DonaldChief Product OfficerSale9,220$0.62$5.7KForm 4
Sep 2, 2022Closser DonaldChief Product OfficerSale9,289$1.92$17.8KForm 4
Sep 2, 2022Welch William ECo-CEO & DirectorSale41,859$1.92$80.4KForm 4
Sep 2, 2022Gerber James CChief Financial OfficerSale3,066$1.92$5.9KForm 4
Aug 3, 2022Closser DonaldChief Product OfficerSale9,288$2.37$22.0KForm 4
Aug 3, 2022Gerber James CChief Financial OfficerSale1,899$2.37$4.5KForm 4
Aug 3, 2022Welch William ECo-CEO & DirectorSale41,859$2.37$99.2KForm 4
Jul 12, 2022Closser DonaldChief Product OfficerSale2,544$2.36$6.0KForm 4
Jul 12, 2022Gerber James CChief Financial OfficerSale1,559$2.36$3.7KForm 4
Jul 1, 2022Closser DonaldChief Product OfficerSale3,169$2.11$6.7KForm 4
Jul 1, 2022Gerber James CChief Financial OfficerSale278$2.11$587Form 4
Jul 1, 2022Welch William ECo-CEO & DirectorSale28,700$2.11$60.6KForm 4
Jun 2, 2022Closser DonaldChief Product OfficerSale5,936$3.08$18.3KForm 4
Jun 2, 2022Gerber James CChief Financial OfficerSale2,008$3.08$6.2KForm 4
Jun 2, 2022Welch William ECo-CEO & DirectorSale28,487$3.08$87.7KForm 4
May 6, 2022Closser DonaldChief Product OfficerSale6,563$2.84$18.6KForm 4
May 6, 2022Gerber James CChief Financial OfficerSale2,398$2.84$6.8KForm 4
May 6, 2022Welch William ECo-CEO & DirectorSale29,254$2.84$83.1KForm 4
Apr 12, 2022Gerber James CChief Financial OfficerSale30,000$3.17$95.1KForm 4

All 39 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Feb 22, 2022Filed a private offering of equity29 Form D: $175 million offered in all Form D

SEC filer profile

How IronNet, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIronNet, Inc.1
  • CIK0001777946
  • Employer ID (EIN)83-45994461
  • Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address7900 Tysons One Place, Suite 400, Mclean, VA 221021
  • Phone443-300-67611
  • Shares outstanding121,506,784 as of Jan 31, 202452
  • Public float$16.9M as of Jul 31, 202352
  • On EDGAR sinceMay 30, 20191
  • Filings365 in all: 4 (88), 8-K (52), 424B3 (33), 425 (31), 3 (23), EFFECT (15), 10-Q (13), CORRESP (13)1
    All 40 form types

    SC 13G/A (12), POS AM (10), SC 13G (9), SC 13D/A (8), UPLOAD (7), NT 10-Q (5), 10-K (4), S-1/A (4), SC 13D (4), S-1 (3), S-4/A (3), 10-K/A (2), 25 (2), 8-A12B (2), 8-K/A (2), CERT (2), S-8 (2), S-8 POS (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), D (1), DEF 14A (1), DEFA14A (1), DRS (1), DRS/A (1), DRSLTR (1), NT 10-K (1), S-1MEF (1), S-3 (1), S-4 (1)

  • Latest filingsAnnual report (10-K) May 16, 2023
    Quarterly report (10-Q) Jan 31, 2024
    Proxy statement (DEF 14A) May 26, 2022
    Latest 8-K (8-K) Jan 19, 2024

Sources

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    SEC EDGAROther events
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