Kratos Defense & Security Solutions, Inc. (KTOS)

KTOS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020
Revenue	1,285	1,136	1,037	898.3	811.5	747.7
Revenue Growth (YoY)	14.00%	9.56%	15.45%	10.70%	8.53%	4.21%
Cost of Revenue	990.5	849.1	768.5	672.3	586.4	544.5
Gross Profit	294.3	287.2	268.6	226	225.1	203.2
Selling, General & Admin	229.2	214	197.8	182.8	160.2	144.5
Research & Development	40.8	40.3	38.4	38.6	35.2	27
Operating Expenses	270	254.3	236.2	221.4	195.4	171.5
Operating Income	24.3	32.9	32.4	4.6	29.7	31.7
Interest Expense	-12.5	-15.2	-21.7	-18.3	-23.7	-23.6
Interest & Investment Income	14.7	12.2	1.2	0.6	0.3	0.8
Currency Exchange Gain (Loss)	0.8	-0.4	-3	-0.1	-0.8	-
Other Non Operating Income (Expenses)	2.5	0.9	3.5	0.7	0.7	0.3
EBT Excluding Unusual Items	29.8	30.4	12.4	-12.5	6.2	9.2
Merger & Restructuring Charges	-3.9	-3.9	-1.3	-7.5	-1.8	-2.4
Other Unusual Items	-	-	-	-13	-	-
Pretax Income	25.9	26.5	11.1	-33	4.4	6.8
Income Tax Expense	5.9	10.2	8.7	0.2	3.9	-73.5
Earnings From Continuing Operations	20	16.3	2.4	-33.2	0.5	80.3
Earnings From Discontinued Operations	-	-	-	-	-2.1	-0.9
Net Income to Company	20	16.3	2.4	-33.2	-1.6	79.4
Minority Interest in Earnings	-	-	-11.3	-3.7	-0.4	0.2
Net Income	20	16.3	-8.9	-36.9	-2	79.6
Net Income to Common	20	16.3	-8.9	-36.9	-2	79.6
Net Income Growth	35.13%	-	-	-	-	536.80%
Shares Outstanding (Basic)	158	149	130	127	125	116
Shares Outstanding (Diluted)	162	151	130	127	128	119
Shares Change (YoY)	12.13%	15.72%	2.92%	-1.02%	7.83%	8.70%
EPS (Basic)	0.13	0.11	-0.07	-0.29	-0.02	0.69
EPS (Diluted)	0.13	0.11	-0.07	-0.29	-0.02	0.67
EPS Growth	27.23%	-	-	-	-	481.84%
Free Cash Flow	-93.3	-8.5	12.8	-71.1	-15.7	10.7
Free Cash Flow Per Share	-0.58	-0.06	0.10	-0.56	-0.12	0.09
Gross Margin	22.91%	25.27%	25.90%	25.16%	27.74%	27.18%
Operating Margin	1.89%	2.90%	3.12%	0.51%	3.66%	4.24%
Profit Margin	1.56%	1.43%	-0.86%	-4.11%	-0.25%	10.65%
Free Cash Flow Margin	-7.26%	-0.75%	1.23%	-7.92%	-1.93%	1.43%
EBITDA	68.7	73.2	65.6	35.1	55.4	56.3
EBITDA Margin	5.35%	6.44%	6.33%	3.91%	6.83%	7.53%
D&A For EBITDA	44.4	40.3	33.2	30.5	25.7	24.6
EBIT	24.3	32.9	32.4	4.6	29.7	31.7
EBIT Margin	1.89%	2.90%	3.12%	0.51%	3.66%	4.24%
Effective Tax Rate	22.78%	38.49%	78.38%	-	88.64%	-
Revenue as Reported	1,285	1,136	1,037	898.3	811.5	747.7

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q