Kratos Defense & Security Solutions, Inc. (KTOS)

KTOS Financials

KTOS Quarterly Income Statement (USD)

Quarterly Report	TTM	03/29/2026	12/28/2025	09/28/2025	06/29/2025	03/30/2025	12/31/2024	09/29/2024	06/30/2024
Revenue	1.415B	371.000M	345.100M	347.600M	351.500M	302.600M	283.100M	275.900M	300.100M
Cost of Goods Sold	1.107B	287.200M	271.300M	270.500M	277.700M	229.000M	213.300M	206.700M	222.900M
Gross Profit	308.500M	83.800M	73.800M	77.100M	73.800M	73.600M	69.800M	69.200M	77.200M
Gross Profit Margin	22.6%	22.6%	21.4%	22.2%	21.0%	24.3%	24.7%	25.1%	25.7%
Total Operating Expenses	279.700M	76.100M	63.500M	70.000M	70.100M	67.000M	66.800M	62.700M	64.700M
Research & Development	40.700M	10.700M	9.800M	10.000M	10.200M	10.000M	10.600M	9.900M	10.200M
Selling, General & Administrative	239.400M	62.700M	57.000M	59.800M	59.900M	57.000M	52.500M	52.600M	54.500M
Operating Income (EBIT)	28.800M	7.700M	10.300M	7.100M	3.700M	6.600M	3.000M	6.500M	12.500M
Operating Margin	2.1%	2.1%	3.0%	2.0%	1.1%	2.2%	1.1%	2.4%	4.2%
Income Before Tax (EBT)	38.400M	9.800M	12.100M	11.900M	4.600M	5.400M	4.000M	5.800M	12.700M
Interest Income	7.900M	—	3.300M	4.600M	—	—	—	—	—
Interest Expense	6.000M	4.500M	—	—	1.500M	900K	12.500M	—	300K
Other Income/Expense	9.600M	2.100M	1.800M	4.800M	900K	-1.200M	1.000M	-700K	200K
Net Income	29.400M	11.900M	5.900M	8.700M	2.900M	4.500M	3.900M	3.200M	7.900M
Income Tax Expense	9.000M	-2.100M	6.200M	3.200M	1.700M	900K	100K	2.600M	4.800M
Net Profit Margin	3.2%	3.2%	1.7%	2.5%	0.8%	1.5%	1.4%	1.2%	2.6%
EBITDA	109.000M	34.500M	31.300M	23.800M	19.400M	19.700M	29.600M	18.900M	26.100M
EBITDA Margin	9.3%	9.3%	9.1%	6.8%	5.5%	6.5%	10.5%	6.9%	8.7%
Depreciation & Amortization	66.100M	20.200M	19.200M	11.900M	14.800M	13.400M	13.100M	13.100M	13.400M
EPS Basic	0.17	0.07	0.03	0.05	0.02	0.03	0.03	0.02	0.05
EPS Diluted	0.17	0.07	0.03	0.05	0.02	0.03	0.03	0.02	0.05
Shares Outstanding	176.800M	176.800M	170.500M	174.000M	155.700M	154.200M	152.700M	152.600M	151.800M
Diluted Shares Outstanding	179.400M	179.400M	173.200M	172.900M	157.400M	156.200M	154.700M	154.100M	153.500M

KTOS Annual Income Statement (USD)

Annual Report	12/28/2025	12/29/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.347B	1.136B	1.037B	898.300M	811.500M	747.700M	717.500M	618.000M
Cost of Goods Sold	1.048B	849.100M	768.500M	672.300M	586.400M	544.500M	527.500M	448.300M
Gross Profit	298.300M	287.200M	268.600M	226.000M	225.100M	203.200M	190.000M	169.700M
Gross Profit Margin	22.1%	25.3%	25.9%	25.2%	27.7%	27.2%	26.5%	27.5%
Total Operating Expenses	270.600M	258.200M	237.500M	228.900M	197.200M	173.900M	152.000M	135.400M
Research & Development	40.000M	40.300M	38.400M	38.600M	35.200M	27.000M	18.000M	15.600M
Selling, General & Administrative	230.600M	214.000M	197.800M	182.800M	160.200M	144.500M	130.800M	110.900M
Operating Income (EBIT)	27.700M	29.000M	31.100M	-2.900M	27.900M	29.300M	38.000M	30.500M
Operating Margin	2.1%	2.6%	3.0%	-0.3%	3.4%	3.9%	5.3%	4.9%
Income Before Tax (EBT)	34.000M	26.500M	11.100M	-33.000M	4.400M	6.800M	15.700M	8.700M
Interest Income	15.500M	12.200M	1.200M	600K	300K	800K	1.900M	800K
Interest Expense	10.500M	15.200M	21.700M	18.300M	23.700M	23.600M	23.500M	21.600M
Other Income/Expense	6.300M	-2.500M	-20.000M	-30.100M	-23.500M	-22.500M	-22.300M	-21.800M
Net Income	22.000M	16.300M	-8.900M	-36.900M	-2.000M	79.600M	12.500M	-3.500M
Income Tax Expense	12.000M	10.200M	8.700M	200K	3.900M	-73.500M	4.800M	4.600M
Net Profit Margin	1.6%	1.4%	-0.9%	-4.1%	-0.2%	10.6%	1.7%	-0.6%
EBITDA	103.800M	93.600M	77.500M	26.200M	62.800M	64.400M	74.300M	48.100M
EBITDA Margin	7.7%	8.2%	7.5%	2.9%	7.7%	8.6%	10.4%	7.8%
Depreciation & Amortization	59.300M	51.900M	44.700M	40.900M	34.700M	34.000M	35.100M	17.800M
EPS Basic	0.13	0.11	-0.07	-0.29	-0.02	0.69	0.12	-0.03
EPS Diluted	0.13	0.11	-0.07	-0.29	-0.02	0.67	0.11	-0.03
Shares Outstanding	172.250M	149.000M	130.400M	126.700M	124.600M	115.500M	106.000M	103.800M
Diluted Shares Outstanding	173.050M	150.900M	130.400M	126.700M	128.000M	118.700M	109.200M	106.100M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Kratos Defense & Security Solutions, Inc.

Kratos Defense & Security Solutions, Inc. primarily functions as a contractor for the United States Department of Defense. Its business operations are organized into two distinct divisions: Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment delivers a comprehensive suite of products and services, including advanced microwave electronics, solutions for space and satellite communications, specialized training and cybersecurity/warfare capabilities, C5ISR (Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance) and modular systems, cutting-edge turbine technologies, and essential defense and rocket support services. Meanwhile, the Unmanned Systems division is dedicated to developing and supplying autonomous platforms, specifically unmanned aerial, ground, and maritime systems. Kratos caters to an extensive client base, which includes various national security organizations, the DoD, intelligence and classified agencies, international government bodies, and both domestic and global commercial enterprises. The company was established in 1994 and its corporate headquarters are located in San Diego, California.

San Diego, CA

4,000 employees

www.kratosdefense.com

Industrials / Aerospace & Defense

Sector: Industrials
Industry: Aerospace & Defense
CEO: Eric DeMarco

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