DRS · XBRL financial data

Leonardo DRS financial statements, every fiscal year

The same tables from 5 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 years (DRS's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	2,879	2,693	2,826	3,234	3,648
Cost of revenue	2,332	2,118	2,178	2,498	2,779
Gross profit	547	575	648	736	869
Research and development	48	58	82	92	129
General and administrative	293	357	384	414	497
Other operating income (expense)	(9)	353	(11)	(7)	(2)
Operating income (loss)	236	561	231	293	348
Interest expense	35	34	36	21	—
Other income (expense)	(1)	(2)	(3)	(8)	(4)
Income tax expense (benefit)	46	120	24	51	58
Net income (loss)	154	405	168	213	278
Earnings per share, basic‡ USD per share	0.73	1.88	0.64	0.81	1.05
Earnings per share, diluted‡ USD per share	0.73	1.88	0.64	0.80	1.03
Weighted average shares, basic millions of shares	210	215	261	264	266
Weighted average shares, diluted millions of shares	210	215	264	268	269

‡ Per-share figures and share counts are adjusted for the 1.451345-for-1 stock split (November 2022); filings made before it reported them unadjusted.

Balance sheet

CSV

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

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	240	306	467	598	647
Accounts receivable	156	166	151	253	334
Inventory	205	319	329	358	352
Total current assets	1,389	1,707	1,918	2,163	2,326
Right-of-use asset	84	83	82	79	107
Goodwill	1,071	1,236	1,238	1,238	1,238
Total assets	3,069	3,677	3,921	4,184	4,486
Accounts payable	479	457	398	426	351
Total current liabilities	989	1,042	1,078	1,116	1,231
Lease liability, non-current	73	68	68	66	95
Accumulated deficit	(2,983)	(2,974)	(2,806)	(2,593)	(2,315)
Total stockholders' equity	1,593	2,127	2,325	2,557	2,730
Total liabilities and equity	3,069	3,677	3,921	4,184	4,486
Common shares outstanding (cover page)‡ millions of shares	210	261	263	265	266

‡ Per-share figures and share counts are adjusted for the 1.451345-for-1 stock split (November 2022); filings made before it reported them unadjusted.

Cash flows

CSV

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

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	154	405	168	213	278
Stock-based compensation	0	5	17	22	32
Depreciation and amortization	58	65	85	91	93
Net cash from operating activities	178	33	205	271	366
Purchases of property and equipment	60	65	60	85	139
Net cash from investing activities	39	436	(59)	(84)	(154)
Proceeds from issuing common stock	0	0	12	16	9
Share repurchases	—	—	0	0	35
Dividends paid	0	396	0	0	—
Net cash from financing activities	(38)	(403)	15	(56)	(163)
Net change in cash	179	66	161	131	49

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.