Kratos Defense & Security Solutions, Inc. (KTOS)

KTOS Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021
Revenue	1,347	1,136	1,037	898.3	811.5
Revenue Growth (YoY)	18.52%	9.56%	15.45%	10.70%	8.53%
Cost of Revenue	1,039	849.1	768.5	672.3	586.4
Gross Profit	307.9	287.2	268.6	226	225.1
Selling, General & Admin	240.2	217.2	198.7	182.8	160.2
Research & Development	40	40.3	38.4	38.6	35.2
Other Operating Expenses	2.1	0.7	0.4	7.5	1.8
Total Operating Expenses	282.3	258.2	237.5	228.9	197.2
Operating Income	25.6	29	31.1	-2.9	27.9
Total Non-Operating Income (Expense)	8.4	-2.5	-20	-30.1	-23.5
Pretax Income	34	26.5	11.1	-33	4.4
Provision for Income Taxes	-12	-10.2	-8.7	-0.2	-3.9
Net Income	46	36.7	8.5	-36.5	5.8
Minority Interest in Earnings	-	-	11.3	3.7	0.4
Earnings From Discontinued Operations	-	-	-	-	-2.1
Net Income to Common	46	36.7	8.5	-36.5	5.8
Net Income Growth	25.34%	331.76%	-	-	-
Shares Outstanding (Basic)	163	149	130	127	125
Shares Outstanding (Diluted)	165	151	130	127	128
Shares Change (YoY)	9.48%	15.72%	2.92%	-1.02%	7.83%
EPS (Basic)	0.14	0.11	-0.07	-0.29	-
EPS (Diluted)	0.13	0.11	-0.07	-0.29	-
EPS Growth	18.18%	-	-	-	-
Shares Outstanding	168.88	151.09	129.29	125.99	123.99
Free Cash Flow	-137.4	-8.5	12.8	-71.1	-51
Free Cash Flow Per Share	-0.83	-0.06	0.10	-0.56	-0.40
Gross Margin	22.86%	25.27%	25.90%	25.16%	27.74%
Operating Margin	1.90%	2.55%	3.00%	-0.32%	3.44%
Profit Margin	3.42%	3.23%	1.91%	-3.65%	1.02%
FCF Margin	-10.20%	-0.75%	1.23%	-7.91%	-6.28%
EBITDA	84.9	80.9	75.8	38	62.6
EBITDA Margin	6.30%	7.12%	7.31%	4.23%	7.71%
EBIT	25.6	29	31.1	-2.9	27.9
EBIT Margin	1.90%	2.55%	3.00%	-0.32%	3.44%
Effective Tax Rate	-35.29%	-38.49%	-78.38%	0.61%	-88.64%

Updated Feb 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q