KTOS
$42.82+0.30%
as of close, Oct 1, 2026
☾ AH $42.82 +0.30%
Kratos Defense & Security Solutions Inc.Stock · IndustrialsNasdaq Composite 0.03%Russell 1000 0.01%US Stock Market 0.01%Russell 3000 0.01%
KTOS financial statements
The full income statement, balance sheet, and cash-flow statement for Kratos Defense & Security Solutions Inc. (KTOS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 151.0M2024-09 151.1M2024-12 152.8M2025-03 153.4M2025-06 168.8M2025-09 168.8M2025-12 170.3M2026-03 187.5M2026-06 187.7M+24.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| Revenue | 1.35B+18.5% | 1.14B+9.6% | 1.04B+15.5% | 898M+10.7% | 812M+8.5% | |
| 308M+7.2% | 287M+6.9% | 269M+18.8% | 226M+0.4% | 225M+10.8% | ||
| Cost of revenue | 1.04B+22.4% | 849M+10.5% | 769M+14.3% | 672M+14.6% | 586M+7.7% | |
| Research & development | 40.0M-0.7% | 40.3M+4.9% | 38.4M-0.5% | 38.6M+9.7% | 35.2M+30.4% | |
| Selling, general & administrative | 240M+10.6% | 217M+9.3% | 199M+8.7% | 183M+14.1% | 160M+10.9% | |
| Amortization of intangibles | 9.60M+11.6% | 8.60M+26.5% | 6.80M-8.1% | 7.40M+57.4% | 4.70M-30.9% | |
| Provision for credit losses | 0.00 | 0.00-100.0% | 1.00M | 0.00+100.0% | -200K | |
| Operating income | 25.6M-11.7% | 29.0M-6.8% | 31.1M+1172.4% | -2.90M-110.4% | 27.9M-4.8% | |
| Interest expense | 9.60M-36.8% | 15.2M-30.0% | 21.7M+18.6% | 18.3M-22.8% | 23.7M+0.4% | |
| Other non-operating income | 2.50M+400.0% | 500K+0.0% | 500K-16.7% | 600K+700.0% | -100K-133.3% | |
| Pre-tax income | 34.0M+28.3% | 26.5M+138.7% | 11.1M+133.6% | -33.0M-850.0% | 4.40M-35.3% | |
| Income tax | 12.0M+17.6% | 10.2M+17.2% | 8.70M+4250.0% | 200K-94.9% | 3.90M+105.3% | |
| 22.0M+35.0% | 16.3M+283.1% | -8.90M+75.9% | -36.9M-1745.0% | -2.00M-102.5% | ||
| Discontinued operations | — | — | 200K-77.8% | 900K+142.9% | -2.10M-133.3% | |
| Net income to non-controlling interest | 0.00 | 0.00-100.0% | 11.3M+205.4% | 3.70M+825.0% | 400K+300.0% | |
| $0.13+18.2% | $0.11+257.1% | -$0.07+75.9% | -$0.29-1350.0% | -$0.02-103.0% | ||
| EPS (basic) | $0.14+27.3% | $0.11+257.1% | -$0.07+75.9% | -$0.29-1350.0% | -$0.02-102.9% | |
| Weighted-avg shares (basic) | 163M+9.2% | 149M+14.3% | 130M+2.9% | 127M+1.7% | 125M+7.9% | |
| Weighted-avg shares (diluted) | 165M+9.5% | 151M+15.7% | 130M+2.9% | 127M-1.0% | 128M+7.8% | |
| Balance Sheet | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| 1.26B+44.8% | 872M+46.8% | 594M+2.0% | 583M-23.1% | 758M-0.9% | ||
| Cash & equivalents | 561M+70.2% | 329M+352.3% | 72.8M-10.5% | 81.3M-76.7% | 349M-8.2% | |
| Accounts receivable | 165M+40.4% | 118M-8.8% | 129M+21.9% | 106M+12.6% | 93.9M-1.5% | |
| Prepaid expenses | 12.9M-28.3% | 18.0M+12.5% | 16.0M+34.5% | 11.9M+21.4% | 9.80M-18.3% | |
| Other current assets | 43.8M+12.6% | 38.9M+94.5% | 20.0M-43.5% | 35.4M+57.3% | 22.5M+26.4% | |
| 2.47B+26.5% | 1.95B+19.5% | 1.63B+5.2% | 1.55B-2.4% | 1.59B+1.7% | ||
| Operating lease right-of-use | 43.4M+15.4% | 37.6M-17.7% | 45.7M-3.6% | 47.4M+23.1% | 38.5M-10.3% | |
| Goodwill | 596M+4.7% | 569M-0.0% | 569M+2.0% | 558M+13.0% | 494M+2.1% | |
| Intangible assets | 53.9M+0.2% | 53.8M-13.8% | 62.4M+13.0% | 55.2M+27.8% | 43.2M+0.5% | |
| Other non-current assets | 144M+10.8% | 130M+10.9% | 118M+23.7% | 95.0M+8.6% | 87.5M+3.7% | |
| 311M+4.8% | 297M+1.4% | 293M+24.9% | 234M+5.9% | 221M+11.9% | ||
| Accounts payable | 69.6M-15.1% | 82.0M+30.0% | 63.1M+10.1% | 57.3M+13.7% | 50.4M-9.0% | |
| Accrued liabilities | 60.5M+55.9% | 38.8M+9.6% | 35.4M+4.7% | 33.8M+24.3% | 27.2M-21.6% | |
| Deferred revenue | 73.4M-3.8% | 76.3M-25.0% | 102M | — | 58.1M+70.9% | |
| Current lease liability | 12.8M+13.3% | 11.3M-6.6% | 12.1M+12.0% | 10.8M+6.9% | 10.1M+13.5% | |
| Other current liabilities | 9.00M-37.9% | 14.5M+2.8% | 14.1M-9.6% | 15.6M-39.3% | 25.7M+116.0% | |
| Finance lease liability (current) | 3.40M+78.9% | 1.90M+46.2% | 1.30M-23.5% | 1.70M+41.7% | 1.20M+33.3% | |
| 471M-21.2% | 598M-5.7% | 634M+5.0% | 604M-4.0% | 629M+1.0% | ||
| Long-term debt | 0.00-100.0% | 175M-20.4% | 219M-12.4% | 250M-15.7% | 297M-1.4% | |
| Non-current lease liability | 33.8M+13.4% | 29.8M-21.2% | 37.8M-7.4% | 40.8M+24.8% | 32.7M-15.3% | |
| Operating lease liability (total) | 46.6M+13.4% | 41.1M-17.6% | 49.9M-3.3% | 51.6M+20.6% | 42.8M-9.9% | |
| Finance lease liability (total) | 99.2M+49.6% | 66.3M+27.0% | 52.2M+1.2% | 51.6M+16.2% | 44.4M+11.8% | |
| Finance lease liability | 95.8M+48.8% | 64.4M+26.5% | 50.9M+2.0% | 49.9M+15.5% | 43.2M+11.3% | |
| Other non-current liabilities | 30.3M-5.9% | 32.2M-3.9% | 33.5M-56.7% | 77.4M+1.6% | 76.2M-8.2% | |
| 2.00B+47.5% | 1.35B+38.6% | 976M+4.2% | 936M-0.9% | 945M+2.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 200K+0.0% | 200K | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 2.64B+30.7% | 2.02B+21.9% | 1.65B+2.9% | 1.61B+1.9% | 1.58B+1.5% | |
| Retained earnings | -642M+3.3% | -664M+2.4% | -680M-1.3% | -671M-5.8% | -634M-0.3% | |
| Accumulated other comprehensive income | 2.10M+520.0% | -500K-129.4% | 1.70M+312.5% | -800K-233.3% | 600K-57.1% | |
| Non-controlling interest | — | 0.00-100.0% | 22.5M | — | — | |
| Total equity incl. non-controlling | 2.00B+47.5% | 1.35B+38.6% | 976M+4.2% | 936M-0.9% | 945M+2.1% | |
| Total liabilities & equity | 2.47B+26.5% | 1.95B+19.5% | 1.63B+5.2% | 1.55B-2.4% | 1.59B+1.7% | |
| Common shares issued | 169M+11.8% | 151M+16.9% | 129M+2.6% | 126M+1.6% | 124M+0.8% | |
| Common shares outstanding | 169M+11.8% | 151M+16.9% | 129M+2.6% | 126M+1.6% | 124M+0.8% | |
| Shares outstanding (cover) | 170M+11.4% | 153M+17.6% | 130M+2.6% | 127M+1.6% | 125M+1.0% | |
| Cash Flow | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| -42.1M-184.7% | 49.7M-23.8% | 65.2M+353.7% | -25.7M-172.8% | 35.3M-21.0% | ||
| Depreciation & amortization | 47.1M+16.9% | 40.3M+21.4% | 33.2M+8.9% | 30.5M+18.7% | 25.7M+4.5% | |
| Intangible amortization | 9.60M+11.6% | 8.60M+26.5% | 6.80M-8.1% | 7.40M+57.4% | 4.70M-30.9% | |
| Share-based compensation | 35.5M+19.1% | 29.8M+17.8% | 25.3M-3.8% | 26.3M+1.9% | 25.8M+22.9% | |
| Deferred income taxes | 8.10M+84.1% | 4.40M+76.0% | 2.50M+180.6% | -3.10M-675.0% | -400K+99.5% | |
| Change in receivables | 44.6M+498.2% | -11.2M-185.5% | 13.1M+167.3% | 4.90M+288.5% | -2.60M-170.3% | |
| Change in inventory | 19.3M+286.0% | 5.00M-83.1% | 29.6M+24.4% | 23.8M+349.1% | 5.30M+0.0% | |
| Change in payables | -13.7M-190.7% | 15.1M+243.2% | 4.40M-2.2% | 4.50M+184.9% | -5.30M-120.8% | |
| -88.3M-26.7% | -69.7M-59.1% | -43.8M+75.3% | -177M-240.5% | -52.1M+40.3% | ||
| Capital expenditure | 95.3M+63.7% | 58.2M+11.1% | 52.4M+15.4% | 45.4M-2.4% | 46.5M+29.5% | |
| Free cash flow | -137M-1516.5% | -8.50M-166.4% | 12.8M+118.0% | -71.1M-534.8% | -11.2M-227.3% | |
| Acquisitions | 0.00-100.0% | 11.5M+3933.3% | -300K-100.2% | 132M+974.8% | 12.3M-76.1% | |
| Proceeds from sale of PP&E | 12.0M | 0.00-100.0% | 8.30M+4050.0% | 200K-90.9% | 2.20M+2100.0% | |
| 361M+29.9% | 278M+1004.2% | -30.7M+51.5% | -63.3M-580.6% | -9.30M-103.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 200M | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 556M+68.1% | 331M | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 1.70M | 0.00 | 0.00 | — | — | |
| Net change in cash | 231M-9.8% | 257M+3117.6% | -8.50M+96.8% | -268M-735.2% | -32.1M-115.4% | |
| Interest paid | 6.30M-56.8% | 14.6M-25.5% | 19.6M+43.1% | 13.7M-31.2% | 19.9M+0.0% | |
| Income taxes paid | 6.50M+30.0% | 5.00M-23.1% | 6.50M+47.7% | 4.40M+120.0% | 2.00M-20.0% | |
| Valuation Ratios | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| Market cap | 13.1B+227.4% | 4.01B+53.1% | 2.62B+120.0% | 1.19B-51.7% | 2.46B-24.1% | |
| P/E | 655.9×+142.3% | 270.7× | — | — | 31.3×-95.7% | |
| P/S | 10.2×+187.2% | 3.6×+37.6% | 2.6×+87.0% | 1.4×-54.7% | 3.1×-31.6% | |
| P/B | 6.6×+121.9% | 3.0×+8.7% | 2.7×+115.9% | 1.3×-51.3% | 2.6×-32.7% | |
| P/FCF | — | 527.2× | — | — | 177.0×+29.4% | |
| Earnings yield | 0.15%-58.7% | 0.37% | — | — | 3.2%+2204.1% | |
| FCF yield | — | 0.19% | — | — | 0.57%-22.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: KTOS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KTOS filings on SEC EDGAR → Not investment advice.