Kratos Defense & Security Solutions Financial Statements
NASDAQ: KTOSIndustrialsMilitary/Government/TechnicalUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Kratos Defense & Security Solutions revenue and earnings
In fiscal 2025, Kratos Defense & Security Solutions generated $1.35 billion in revenue, up 18.5% from fiscal 2024, its 7th consecutive year of revenue growth. Net income was $22.0 million (+35.0% year over year), for a net margin of 1.6% versus a median of -0.2% in the prior 5 years. Gross margin was 22.9% (down from 25.3%) and operating margin 1.9%.
Diluted earnings per share came in at $0.13, up from $0.11. Over the last 5 fiscal years, KTOS's revenue has grown at a 12.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Kratos Defense & Security Solutions income statement (annual)
| Fiscal year (USD) | FY 20252025-12-28 | FY 20242024-12-29 | FY 20232023-12-31 | FY 20222022-12-25 | FY 20212021-12-26 | FY 20202020-12-27 | FY 20192019-12-29 | FY 20182018-12-30 | FY 20172017-12-31 | FY 20162016-12-25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.35B | 1.14B | 1.04B | 898.30M | 811.50M | 747.70M | 717.50M | 618.00M | 751.90M | 668.70M |
| Revenue growth (YoY) | +18.53% | +9.57% | +15.45% | +10.70% | +8.53% | +4.21% | +16.10% | -17.81% | +12.44% | +1.77% |
| Cost of Revenue | 1.04B | 849.10M | 768.50M | 672.30M | 586.40M | 544.50M | 527.50M | 448.30M | 554.60M | 515.10M |
| Gross Profit | 307.90M | 287.20M | 268.60M | 226.00M | 225.10M | 203.20M | 190.00M | 169.70M | 157.60M | 120.50M |
| Operating Expenses | 282.30M | 258.20M | 237.50M | 228.90M | 197.20M | 173.90M | 152.00M | 139.20M | 169.60M | 138.50M |
| Research & Development | 40.00M | 40.30M | 38.40M | 38.60M | 35.20M | 27.00M | 18.00M | 15.60M | 17.80M | 13.90M |
| Selling, General & Admin | 240.20M | 217.20M | 198.70M | 182.80M | 160.20M | 144.50M | 130.80M | 119.80M | 127.30M | 114.60M |
| Operating Income | 25.60M | 29.00M | 31.10M | -2.90M | 27.90M | 29.30M | 38.00M | 30.50M | -12.00M | -18.00M |
| Interest Expense | 9.60M | 15.20M | 21.70M | 18.30M | 23.70M | 23.60M | 23.50M | 21.60M | 29.10M | 34.70M |
| Other Income (Expense) | 8.40M | -2.50M | -20.00M | -30.10M | -23.50M | -22.50M | -22.30M | -21.80M | -45.10M | -33.80M |
| Pretax Income | 34.00M | 26.50M | 11.10M | -33.00M | 4.40M | 6.80M | 15.70M | 8.70M | -57.10M | -51.80M |
| Income Tax | 12.00M | 10.20M | 8.70M | 200.00K | 3.90M | -73.50M | 4.80M | 4.60M | -10.20M | 5.80M |
| Net Income | 22.00M | 16.30M | -8.90M | -36.90M | -2.00M | 79.60M | 12.50M | -3.50M | -42.70M | -60.50M |
| Net Income growth (YoY) | +34.97% | — | — | — | -102.51% | +536.80% | — | — | — | -405.56% |
| EPS (Basic) | 0.14 | 0.11 | -0.07 | -0.29 | -0.02 | 0.69 | 0.12 | -0.03 | -0.48 | -0.99 |
| EPS (Diluted) | 0.13 | 0.11 | -0.07 | -0.29 | -0.02 | 0.67 | 0.11 | -0.03 | -0.48 | -0.99 |
| Shares Outstanding (Basic) | 162.70M | 149.00M | 130.40M | 126.70M | 124.60M | 115.50M | 106.00M | 103.80M | 89.50M | 61.30M |
| Shares Outstanding (Diluted) | 165.20M | 150.90M | 130.40M | 126.70M | 128.00M | 118.70M | 109.20M | 106.10M | 89.50M | 61.30M |
| EBITDA | 72.70M | 69.30M | 64.30M | 27.60M | 53.60M | 53.90M | 61.40M | 48.40M | 10.20M | 4.50M |
| Gross Margin | 22.86% | 25.28% | 25.90% | 25.16% | 27.74% | 27.18% | 26.48% | 27.46% | 20.96% | 18.02% |
| Operating Margin | 1.90% | 2.55% | 3.00% | -32.00% | 3.44% | 3.92% | 5.30% | 4.94% | -1.60% | -2.69% |
| Net Margin | 1.63% | 143.00% | -86.00% | -4.11% | -25.00% | 10.65% | 1.74% | -57.00% | -5.68% | -9.05% |
This table shows 10 annual periods of Kratos Defense & Security Solutions's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow KTOS's reporting calendar. What is a income statement?