KTOS

+ Watchlist + Portfolio

Kratos Defense & Security Solutions, Inc.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $60.56
52-Week Range: $43.09 – $134.00
Market Cap: $10.55B
P/E (TTM): 330.47
EPS (TTM): 0.17
Dividend Yield: —

Advanced Metrics

Price/Book: 3.07
PEG Ratio: 36.41
Return on Equity: 1.15%
Return on Assets: 0.43%
Gross Margin: 23.00%
Operating Margin: -0.17%
Profit Margin: 2.03%
Current Ratio: 5.54
Debt/Equity: 0.06
Total Debt: $193.60M
Free Cash Flow: $-118.29M
Revenue Growth: 30.50%
Earnings Growth: 7.40%
Enterprise Value: $10.12B

KTOS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$898.30M	$1.04B	$1.14B	$1.35B
Cost of Revenue	$672.30M	$768.50M	$849.10M	$1.04B
Gross Profit	$226.00M	$268.60M	$287.20M	$307.90M
Research & Development	$38.60M	$38.40M	$40.30M	$40.00M
Selling, General & Admin	$182.80M	$198.70M	$217.20M	$240.20M
Operating Expenses	$221.40M	$237.10M	$257.50M	$280.20M
Operating Income	$4.60M	$31.50M	$29.70M	$27.70M
EBITDA	$26.20M	$77.50M	$93.60M	$102.90M
Pretax Income	-$33.00M	$11.10M	$26.50M	$34.00M
Income Tax	$200.00K	$8.70M	$10.20M	$12.00M
Net Income	-$36.90M	-$8.90M	$16.30M	$22.00M
Diluted EPS	-0.29	-0.07	0.11	0.13
Diluted Shares	126.70M	130.40M	150.90M	165.20M

KTOS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$81.30M	$72.80M	$329.30M	$560.60M
Receivables	$328.30M	$329.10M	$323.70M	$457.30M
Inventory	$125.50M	$156.20M	$162.10M	$188.20M
Current Assets	$582.60M	$594.20M	$872.10M	$1.26B
Total Assets	$1.55B	$1.63B	$1.95B	$2.47B
Current Liabilities	$234.20M	$292.50M	$296.70M	$311.00M
Long-Term Debt	$250.20M	$219.30M	$174.60M	—
Total Debt	$301.80M	$321.40M	$282.00M	$145.80M
Total Liabilities	$604.00M	$634.00M	$597.70M	$470.90M
Retained Earnings	-$671.30M	-$680.20M	-$663.90M	-$641.90M
Shareholders' Equity	$936.30M	$976.00M	$1.35B	$2.00B
Working Capital	$348.40M	$301.70M	$575.40M	$951.90M
Net Debt	$168.90M	$146.50M	—	—

KTOS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$25.70M	$65.20M	$49.70M	-$42.10M
Capital Expenditure	-$45.40M	-$52.40M	-$58.20M	-$95.30M
Free Cash Flow	-$71.10M	$12.80M	-$8.50M	-$137.40M
Depreciation & Amortisation	$40.90M	$44.70M	$51.90M	$59.30M
Stock-Based Compensation	$26.30M	$25.30M	$29.80M	$35.50M
Investing Cash Flow	-$177.40M	-$43.80M	-$69.70M	-$88.30M
Financing Cash Flow	-$63.30M	-$30.70M	$277.60M	$360.70M
Net Change in Cash	-$266.40M	-$9.30M	$257.60M	$230.30M

KTOS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$302.60M	$351.50M	$347.60M	$345.10M	$371.00M
Cost of Revenue	$229.00M	$277.70M	$270.50M	$261.70M	$281.40M
Gross Profit	$73.60M	$73.80M	$77.10M	$83.40M	$89.60M
Research & Development	$10.00M	$10.20M	$10.00M	$9.80M	$10.70M
Selling, General & Admin	$57.00M	$59.90M	$59.80M	$63.50M	$72.30M
Operating Expenses	$67.00M	$70.10M	$69.80M	$73.30M	$83.00M
Operating Income	$6.60M	$3.70M	$7.30M	$10.10M	$6.60M
EBITDA	$20.00M	$18.50M	$22.20M	$42.20M	$26.80M
Pretax Income	$5.40M	$4.60M	$11.90M	$12.10M	$9.80M
Income Tax	$900.00K	$1.70M	$3.20M	$6.20M	-$2.10M
Net Income	$4.50M	$2.90M	$8.70M	$5.90M	$11.90M
Diluted EPS	0.03	0.02	0.05	0.03	0.07
Diluted Shares	156.20M	157.40M	172.90M	173.20M	179.40M

KTOS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$263.70M	$783.60M	$565.90M	$560.60M	$1.46B
Receivables	$362.50M	$398.80M	$423.40M	$457.30M	$528.60M
Inventory	$176.00M	$177.80M	$180.00M	$188.20M	$225.70M
Current Assets	$864.40M	$1.43B	$1.24B	$1.26B	$2.31B
Total Assets	$2.00B	$2.59B	$2.42B	$2.47B	$4.04B
Current Liabilities	$304.90M	$322.40M	$287.40M	$311.00M	$410.70M
Long-Term Debt	$172.20M	$169.80M	—	—	—
Total Debt	$283.20M	$279.30M	$134.30M	$145.80M	$185.40M
Total Liabilities	$617.30M	$625.70M	$441.80M	$470.90M	$632.70M
Retained Earnings	-$659.40M	-$656.50M	-$647.80M	-$641.90M	-$630.00M
Shareholders' Equity	$1.39B	$1.96B	$1.98B	$2.00B	$3.41B
Working Capital	$559.50M	$1.11B	$949.60M	$951.90M	$1.90B

KTOS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$29.20M	-$11.70M	-$13.30M	$12.10M	-$27.40M
Capital Expenditure	-$22.60M	-$20.50M	-$28.00M	-$24.20M	-$19.90M
Free Cash Flow	-$51.80M	-$32.20M	-$41.30M	-$12.10M	-$47.30M
Depreciation & Amortisation	$13.40M	$14.80M	$14.90M	$16.20M	$20.20M
Stock-Based Compensation	$8.70M	$8.60M	$9.10M	$9.10M	$15.00M
Investing Cash Flow	-$22.60M	-$20.50M	-$28.00M	-$17.20M	-$365.10M
Financing Cash Flow	-$14.50M	$550.80M	-$176.10M	$500.00K	$1.30B
Net Change in Cash	-$66.30M	$518.60M	-$217.40M	-$4.60M	$904.80M

Market Snapshot

About

Kratos Defense & Security Solutions is a technology company specializing in unmanned systems, satellite communications, cybersecurity, and missile defense. The company develops high-performance tactical drones, space and directed energy systems, and C5ISR (Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance) solutions. Kratos serves the U.S. Department of Defense, intelligence agencies, and commercial satellite operators.