DRS · XBRL financial data

Leonardo DRS financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (DRS's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue from contracts with customers	926*	688	753	812	981*	799	829	960	1,060*	846	913	1,066
Cost of revenue	716*	535	584	633	746*	618	632	738	791*	634	676	803
Gross profit	210*	153	169	179	235*	181	197	222	269*	212	237	263
Research and development	year only	20	21	23	28*	28	30	36	35*	31	36	37
General and administrative	98*	101	107	98	108*	117	121	123	136*	130	129	142
Other operating income (expense)	(1)*	(4)	(1)	0	(2)*	0	0	(1)	(1)*	—	—	0
Operating income (loss)	105*	43	55	75	120*	59	70	93	126*	77	102	116
Interest expense	9*	5	7	5	4*	1	—	—	—	—	—	—
Other income (expense)	(1)*	(1)	(1)	(1)	(5)*	0	(1)	(2)	(1)*	—	(4)	(1)
Income tax expense (benefit)	21*	8	9	12	22*	8	13	15	22*	15	14	1
Net income (loss)	74*	29	38	57	89*	50	54	72	102*	62	86	115
Earnings per share, basic USD per share	0.28*	0.11	0.14	0.22	0.34*	0.19	0.20	0.27	0.38*	0.23	0.33	0.43
Earnings per share, diluted USD per share	0.28*	0.11	0.14	0.21	0.33*	0.19	0.20	0.26	0.38*	0.23	0.32	0.43
Weighted average shares, basic millions of shares	261*	263	263	264	265*	265	266	266	266*	266	267	267
Weighted average shares, diluted millions of shares	265*	266	267	268	270*	269	269	268	269*	269	269	268

Balance sheet

CSV

Fiscal quarters (DRS's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	467	160	149	198	598	380	278	309	647	328	270	294
Accounts receivable	151	194	188	237	253	254	265	327	334	324	319	358
Inventory	329	342	367	363	358	385	400	404	352	371	383	374
Total current assets	1,918	1,772	1,805	1,860	2,163	2,070	2,025	2,166	2,326	2,056	2,040	2,179
Right-of-use asset	82	—	—	—	79	—	—	—	107	—	—	—
Goodwill	1,238	1,238	1,238	1,238	1,238	1,238	1,238	1,238	1,238	1,238	1,238	1,238
Total assets	3,921	3,781	3,819	3,861	4,184	4,096	4,079	4,245	4,486	4,211	4,197	4,374
Accounts payable	398	220	263	292	426	299	265	342	351	187	182	257
Total current liabilities	1,078	902	896	880	1,116	1,027	958	1,082	1,231	1,105	1,065	1,157
Lease liability, non-current	68	74	70	66	66	63	92	93	95	91	88	87
Accumulated deficit	(2,806)	(2,777)	(2,739)	(2,682)	(2,593)	(2,543)	(2,489)	(2,417)	(2,315)	(2,253)	(2,167)	(2,052)
Total stockholders' equity	2,325	2,355	2,406	2,474	2,557	2,571	2,600	2,648	2,730	2,770	2,803	2,890
Total liabilities and equity	3,921	3,781	3,819	3,861	4,184	4,096	4,079	4,245	4,486	4,211	4,197	4,374
Common shares outstanding (cover page) millions of shares	263	263	264	264	265	266	266	266	266	267	267	267

Cash flows

CSV

Fiscal quarters (DRS's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	74*	29	38	57	89*	50	54	72	102*	62	86	115
Stock-based compensation	5*	1	10*	5*	6*	8	6*	5*	13*	4	7*	6*
Depreciation and amortization	22*	22	23*	23*	23*	23	23*	23*	24*	24	26*	27*
Net cash from operating activities	515*	(265)	34*	59*	443*	(138)	(28)*	107*	425*	(66)	35*	96*
Purchases of property and equipment	18*	10	34*	12*	29*	32	28*	30*	49*	30	29*	38*
Net cash from investing activities	(17)*	(10)	(34)*	(11)*	(29)*	(32)	(28)*	(45)*	(49)*	(29)	(29)*	(37)*
Proceeds from issuing common stock	4*	2	5*	6*	3*	0	3*	6*	0*	3	2*	3*
Share repurchases	year only	0	0*	0*	0*	3	11*	10*	11*	4	12*	12*
Dividends paid	0*	—	—	—	year only	—	—	—	—	—	—	—
Net cash from financing activities	(78)*	(32)	(11)*	1*	(14)*	(48)	(46)*	(31)*	(38)*	(224)	(64)*	(35)*
Net change in cash	420*	(307)	(11)*	49*	400*	(218)	(102)*	31*	338*	(319)	(58)*	24*

Compare with peers

Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), then SIC 3812 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), whatever their size; consumer navigation makers are left out.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Companies after the primes are not on that list: each is there for its industry code and size, and is marked “added” with its code.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Leonardo DRS	294	1,066	96*	266.6M	—	Q3 FY26 10-QSep 30, 2026
General Dynamics	4,388	14,566	1,710*	270.2M	—	Q3 FY26 10-QOct 4, 2026
Northrop Grumman	3,744	11,122	1,745*	142.1M	—	Q3 FY26 10-QSep 30, 2026
L3harris Technologies	2,471	6,060	1,439*	186.2M	—	Q3 FY26 10-QOct 2, 2026
Huntington Ingalls Industries	387	3,537	520*	39.4M	—	Q3 FY26 10-QSep 30, 2026
RTX	9,173	24,965	2,868*	1.3B	—	Q3 FY26 10-QSep 30, 2026
StandardAeroadded: SIC 3724, similar size	179	1,600	72*	330.9M	—	Q2 FY26 10-QJun 30, 2026
Karman Holdingsadded: SIC 3728, similar size	52	182	(3.2)*	132.5M	16.3 quarters	Q2 FY26 10-QJun 30, 2026
Joby Aviationadded: SIC 3721, similar size	630	39	(173)*	989.1M	13.1 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.