balance equationreview2022-12-25
Difference 11300000 exceeds tolerance 1551500.000. Presentation or filing-vintage differences need review.
Revenue
$1.35B
Fiscal year ended 2025-12-28Operating income
$25.60M
Fiscal year ended 2025-12-28Free cash flow
Unavailable
Fiscal year ended 2025-12-28KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS) reported revenue of $1.35B and net income of $22.00M for the fiscal year ended 2025-12-28. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from KRATOS DEFENSE & SECURITY SOLUTIONS, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Guided Missiles & Space Vehicles & Parts.
Income
| Metric | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-29 | 2018-12-30 | 2017-12-31 | 2016-12-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.14B | $1.04B | $898.30M | $811.50M | $747.70M | $717.50M | $618.00M | $603.30M | $541.90M |
| Cost of revenue | $1.04B | $849.10M | $768.50M | $672.30M | $586.40M | $544.50M | $527.50M | $448.30M | $445.70M | $421.40M |
| Gross profit | $307.90M | $287.20M | $268.60M | $226.00M | $225.10M | $203.20M | $190.00M | $169.70M | $157.60M | $120.50M |
| Operating income | $25.60M | $29.00M | $31.10M | -$2.90M | $27.90M | $29.30M | $38.00M | $30.50M | -$12.00M | -$18.00M |
| Net income | $22.00M | $16.30M | -$8.90M | -$36.90M | -$2.00M | $79.60M | $12.50M | -$3.50M | -$42.70M | -$60.50M |
| Research & development | $40.00M | $40.30M | $38.40M | $38.60M | $35.20M | $27.00M | $18.00M | $15.60M | $17.80M | $13.90M |
| Weighted-average diluted shares | shares 165.20M | shares 150.90M | shares 130.40M | shares 126.70M | shares 128.00M | shares 118.70M | shares 109.20M | shares 106.10M | shares 89.50M | shares 61.30M |
| Pretax income | $34.00M | $26.50M | $11.10M | -$33.00M | $4.40M | $6.80M | $15.70M | $8.70M | -$57.10M | -$51.80M |
| Income tax expense | $12.00M | $10.20M | $8.70M | $200.00K | $3.90M | -$73.50M | $4.80M | $4.60M | -$10.20M | $5.80M |
| Diluted EPS | $0.13 | $0.11 | $-0.07 | $-0.29 | $-0.02 | $0.67 | $0.11 | $-0.03 | $-0.48 | $-0.99 |
| Selling, general & administrative | $240.20M | $217.20M | $198.70M | $182.80M | $160.20M | $144.50M | $130.80M | $119.80M | $127.30M | $114.60M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-29 | 2018-12-30 | 2017-12-31 | 2016-12-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $560.60M | $329.30M | $72.80M | $81.30M | $349.40M | $380.80M | $172.60M | $182.70M | $130.50M | $69.10M |
| Total assets | $2.47B | $1.95B | $1.63B | $1.55B | $1.59B | $1.56B | $1.19B | $1.01B | $1.02B | $948.60M |
| Current assets | $1.26B | $872.10M | $594.20M | $582.60M | $758.10M | $764.80M | $522.20M | $494.70M | $471.40M | $373.10M |
| Total liabilities | $470.90M | $597.70M | $634.00M | $604.00M | $629.20M | $622.70M | $596.90M | $490.80M | $512.50M | $672.20M |
| Current liabilities | $311.00M | $296.70M | $292.50M | $234.20M | $221.10M | $197.60M | $182.70M | $164.70M | $188.90M | $196.50M |
| Total equity incl. NCI | $2.00B | $1.35B | $976.00M | $936.30M | $945.10M | $925.30M | $574.10M | $519.30M | $511.50M | $276.40M |
| Temporary (mezzanine) equity | Unavailable | $0 | $22.50M | $22.50M | $15.20M | $14.80M | $15.00M | $0 | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $46.80M | $49.60M | $57.20M |
| Accounts receivable | $165.00M | $117.50M | $128.80M | $105.70M | $93.90M | $95.30M | $85.00M | $64.60M | $74.20M | $229.40M |
| Goodwill | $595.70M | $568.90M | $569.10M | $558.20M | $493.90M | $483.90M | $455.60M | $425.70M | $425.70M | $485.40M |
| Long-term debt | $0 | $174.60M | $219.30M | $250.20M | $296.70M | $301.00M | $295.10M | $294.20M | $293.50M | $431.00M |
| Accounts payable | $69.60M | $82.00M | $63.10M | $57.30M | $50.40M | $55.40M | $53.80M | $46.60M | $34.70M | $52.70M |
Cash flow
| Metric | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-29 | 2018-12-30 | 2017-12-31 | 2016-12-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$42.10M | $49.70M | $65.20M | -$25.70M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$88.30M | -$69.70M | -$43.80M | -$177.40M | -$52.10M | -$87.30M | -$43.70M | $40.50M | Unavailable | Unavailable |
| Financing cash flow | $360.70M | $277.60M | -$30.70M | -$63.30M | -$9.30M | $247.70M | $3.50M | $1.70M | $113.40M | Unavailable |
| Net change in cash | $231.30M | $256.50M | -$8.50M | -$268.10M | -$32.10M | $208.90M | -$10.40M | $52.10M | $60.20M | $39.60M |
| Stock-based compensation | $35.50M | $29.80M | $25.30M | $26.30M | $25.80M | $21.00M | $11.00M | $7.20M | $7.80M | $5.10M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $47.10M | $40.30M | $33.20M | $30.50M | $25.70M | $24.60M | $23.40M | $17.90M | $22.20M | $22.50M |
Derived
| Metric | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-29 | 2018-12-30 | 2017-12-31 | 2016-12-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 22.9% | 25.3% | 25.9% | 25.2% | 27.7% | 27.2% | 26.5% | 27.5% | 26.1% | 22.2% |
| Operating margin | 1.9% | 2.6% | 3.0% | -0.3% | 3.4% | 3.9% | 5.3% | 4.9% | -2.0% | -3.3% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 2.6% | 2.6% | 2.4% | 2.9% | 3.2% | 2.8% | 1.5% | 1.2% | 1.3% | 0.9% |
| Current ratio | 4.06x | 2.94x | 2.03x | 2.49x | 3.43x | 3.87x | 2.86x | 3.00x | 2.50x | 1.90x |
| Revenue YoY growth | 18.5% | 9.6% | 15.5% | 10.7% | 8.5% | 4.2% | 16.1% | 2.4% | 11.3% | Unavailable |
| Net margin | 1.6% | 1.4% | -0.9% | -4.1% | -0.2% | 10.6% | 1.7% | -0.6% | -7.1% | -11.2% |
| R&D / revenue | 3.0% | 3.5% | 3.7% | 4.3% | 4.3% | 3.6% | 2.5% | 2.5% | 3.0% | 2.6% |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 35.3% | 38.5% | 78.4% | Unavailable | 88.6% | -1080.9% | 30.6% | 52.9% | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open KTOS in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-23View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-07View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.