Kratos Defense & Security Solutions, Inc. (KTOS) Financial Statements
Industry: Guided Missiles & Space Vehicles & Parts
In fiscal 2025, Kratos Defense & Security Solutions reported revenue of $1.35B, up 18.5% from $1.14B the year before. Net income was $22.0M (a 1.6% net margin), or $0.13 per diluted share. Gross margin was 22.9% and operating margin was 1.9%. Operating activities generated -$42.1M of cash, leaving -$137.4M of free cash flow. At fiscal year end, Kratos Defense & Security Solutions held $2.47B in total assets against $470.9M in total liabilities, including $560.6M of cash and equivalents.
Open the full interactive Kratos Defense & Security Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
Kratos Defense & Security Solutions Key Stats
| Share Price | $40.35 |
|---|---|
| Market Cap | $7.67B |
| P/E Ratio | 310.4 |
| Revenue YoY Growth | +18.5% |
| 52-Week Range | $40.35 – $130.72 |
| Shares Outstanding | 188.6 million (basic, 2026 Q2) |
Kratos Defense & Security Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $747.7M | $811.5M | $898.3M | $1.04B | $1.14B | $1.35B |
| Cost of Goods Sold | $544.5M | $586.4M | $672.3M | $768.5M | $849.1M | $1.04B |
| Gross Profit | $203.2M | $225.1M | $226.0M | $268.6M | $287.2M | $307.9M |
| Operating Income | $29.3M | $27.9M | -$2.6M | $31.1M | $29.0M | $25.6M |
| Pre-Tax Income | $6.8M | $4.4M | -$32.7M | $11.1M | $26.5M | $34.0M |
| Income Tax | -$73.5M | $3.9M | $1.4M | $8.9M | $10.2M | $12.0M |
| Net Income | $79.6M | -$2.0M | -$36.9M | -$8.9M | $16.3M | $22.0M |
| Diluted EPS | $0.67 | -$0.02 | -$0.29 | -$0.07 | $0.11 | $0.13 |
Kratos Defense & Security Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $347.6M | $345.1M | $371.0M | $458.8M |
| Net Income | $8.7M | $5.9M | $11.9M | $4.4M |
| Diluted EPS | $0.05 | $0.04 | $0.07 | $0.02 |
Kratos Defense & Security Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $380.8M | $349.4M | $81.3M | $72.8M | $329.3M | $560.6M |
| Current Assets | $764.8M | $758.1M | $582.6M | $594.2M | $872.1M | $1.26B |
| Total Assets | $1.56B | $1.59B | $1.55B | $1.63B | $1.95B | $2.47B |
| Current Liabilities | $197.6M | $221.1M | $234.2M | $292.5M | $296.7M | $311.0M |
| Total Long-Term Debt | $301.5M | $296.7M | $250.2M | $219.3M | $174.6M | — |
| Total Liabilities | $622.7M | $629.2M | $604.0M | $634.0M | $597.7M | $470.9M |
| Shareholders' Equity | $925.3M | $945.1M | $936.3M | $976.0M | $1.35B | $2.00B |
Kratos Defense & Security Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $44.7M | $35.3M | -$25.6M | $65.2M | $49.7M | -$42.1M |
| Cash From Investing | -$87.3M | -$52.1M | -$177.4M | -$43.8M | -$69.7M | -$88.3M |
| Cash From Financing | $247.7M | -$9.3M | -$63.3M | -$30.7M | $277.6M | $360.7M |
| Free Cash Flow | — | — | -$71.0M | $12.8M | -$8.5M | -$137.4M |
Figures from Kratos Defense & Security Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Kratos Defense & Security Solutions financials page for every line item.
Kratos Defense & Security Solutions Company Profile
| Ticker | KTOS |
|---|---|
| Exchange | Nasdaq |
| Industry | Guided Missiles & Space Vehicles & Parts |
| Headquarters | San Diego, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 27 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001069258 |
Frequently Asked Questions
What was Kratos Defense & Security Solutions' revenue in fiscal 2025?
Kratos Defense & Security Solutions (KTOS) reported revenue of $1.35B for fiscal 2025.
What is Kratos Defense & Security Solutions' annual revenue history?
Kratos Defense & Security Solutions' annual revenue by fiscal year: 2020: $747.7M; 2021: $811.5M; 2022: $898.3M; 2023: $1.04B; 2024: $1.14B; 2025: $1.35B.
What was Kratos Defense & Security Solutions' net income in fiscal 2025?
Kratos Defense & Security Solutions reported net income of $22.0M for fiscal 2025.
What was Kratos Defense & Security Solutions' earnings per share (EPS) in fiscal 2025?
Kratos Defense & Security Solutions' diluted EPS was $0.13 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Kratos Defense & Security Solutions generate in fiscal 2025?
Kratos Defense & Security Solutions generated -$137.4M of free cash flow in fiscal 2025.
What was Kratos Defense & Security Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), Kratos Defense & Security Solutions reported revenue of $458.8M.
How many shares of Kratos Defense & Security Solutions are outstanding?
Kratos Defense & Security Solutions reported a weighted average of 188.6 million basic shares outstanding in 2026 Q2.
What is Kratos Defense & Security Solutions' market cap?
Based on its latest closing price, Kratos Defense & Security Solutions (KTOS) has a market capitalization of about $7.67B.
When does Kratos Defense & Security Solutions' fiscal year end?
Kratos Defense & Security Solutions' fiscal year end, as registered with the SEC, is December 27.
Where is Kratos Defense & Security Solutions headquartered?
Kratos Defense & Security Solutions lists its business address in San Diego, California in its SEC filings.
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