Kratos Defense & Security Solutions, Inc. (KTOS)
NASDAQ: KTOS · Real-Time Price · USD
47.94
+0.12 (0.25%)
Sep 9, 2026, 9:36 AM EDT - Market open
KTOS Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Net Income | 30.9 | 22 | 16.3 | -8.9 | -36.9 | -2 |
Depreciation & Amortization | 76.9 | 59.3 | 51.9 | 44.7 | 40.9 | 34.7 |
Other Amortization | 0.4 | 0.5 | 0.7 | 0.7 | 0.8 | 1 |
Stock-Based Compensation | 49.5 | 35.5 | 29.8 | 25.3 | 26.3 | 25.8 |
Provision & Write-off of Bad Debts | 0.1 | - | - | 1 | - | -0.2 |
Other Operating Activities | 10.7 | 8.6 | 4.4 | 13.8 | 19.1 | 2.1 |
Change in Accounts Receivable | -140.6 | -126 | 5.1 | 1.3 | -27.3 | -13.1 |
Change in Inventory | -36.8 | -19.3 | -5 | -29.6 | -23.8 | -5.3 |
Change in Accounts Payable | -8.2 | -13.7 | 15.1 | 4.4 | 4.5 | -5.3 |
Change in Unearned Revenue | -11.1 | -5.5 | -25.7 | 28.4 | 2.7 | 24.1 |
Change in Income Taxes | -2.1 | 0.9 | -0.3 | -0.5 | 0.1 | 1.4 |
Change in Other Net Operating Assets | -9.3 | -4.4 | -42.6 | -15.4 | -32.1 | -27.9 |
Operating Cash Flow | -39.6 | -42.1 | 49.7 | 65.2 | -25.7 | 30.8 |
Operating Cash Flow Growth | - | - | -23.77% | - | - | -33.91% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Capital Expenditures | -89.3 | -95.3 | -58.2 | -52.4 | -45.4 | -46.5 |
Sale of Property, Plant & Equipment | 25.5 | 12 | - | 8.3 | 0.2 | 2.2 |
Cash Acquisitions | -346.8 | - | -11.5 | 0.3 | -132.2 | -12.3 |
Investment in Securities | -11.9 | -5 | - | - | - | - |
Other Investing Activities | 2 | - | - | - | - | 4.5 |
Investing Cash Flow | -420.5 | -88.3 | -69.7 | -43.8 | -177.4 | -52.1 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Long-Term Debt Issued | - | - | 10 | 69 | 300 | - |
Long-Term Debt Repaid | - | -186.8 | -53.9 | -102.5 | -353.7 | -6.1 |
Net Debt Issued (Repaid) | -182.9 | -186.8 | -43.9 | -33.5 | -53.7 | -6.1 |
Issuance of Common Stock | 1,359 | 565.8 | 338.9 | 6.5 | 6.2 | 5.9 |
Repurchase of Common Stock | -60.8 | -20 | -17.4 | -3.7 | -12.5 | -9.1 |
Other Financing Activities | 0.3 | 1.7 | - | - | -3.3 | - |
Financing Cash Flow | 1,116 | 360.7 | 277.6 | -30.7 | -63.3 | -9.3 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Foreign Exchange Rate Adjustments | -1.5 | 1 | -1.1 | 0.8 | -1.7 | -1.5 |
Net Cash Flow | 654 | 231.3 | 256.5 | -8.5 | -268.1 | -32.1 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Free Cash Flow | -128.9 | -137.4 | -8.5 | 12.8 | -71.1 | -15.7 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -8.47% | -10.20% | -0.75% | 1.23% | -7.92% | -1.93% |
Free Cash Flow Per Share | -0.72 | -0.83 | -0.06 | 0.10 | -0.56 | -0.12 |
Levered Free Cash Flow | -118.29 | -126.89 | 13.76 | 60.53 | -72.96 | 16.05 |
Unlevered Free Cash Flow | -114 | -121.39 | 22.56 | 73.39 | -62.33 | 29.86 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | Dec '25 Dec 28, 2025 | Dec '24 Dec 29, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 25, 2022 | Dec '21 Dec 26, 2021 |
Cash Interest Paid | 8.3 | 6.3 | 14.6 | 19.6 | 13.7 | 19.9 |
Cash Income Tax Paid | 6.5 | 6.5 | 5 | 6.5 | 4.4 | 2 |
Change in Working Capital | -208.1 | -168 | -53.4 | -11.4 | -75.9 | -26.1 |