KTOS · XBRL financial data

Kratos Defense & Security Solutions 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 (KTOS's year ends in late December)

In millions of dollars	Q3 FY23Oct 1, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 29, 2024	Q4 FY24Dec 29, 2024	Q1 FY25Mar 30, 2025	Q2 FY25Jun 29, 2025	Q3 FY25Sep 28, 2025	Q4 FY25Dec 28, 2025	Q1 FY26Mar 29, 2026	Q2 FY26Jun 28, 2026
Revenue from contracts with customers	275	274*	277	300	276	283*	303	352	348	345*	371	459
Cost of goods and services sold	201	202*	206	223	207	213*	229	278	271	262*	281	359
Gross profit	73	72*	71	77	69	70*	74	74	77	83*	90	100
Research and development	10	8*	10	10	10	11*	10	10	10	10*	11	14
Selling, general and administrative	51	52*	54	55	53	53*	57	60	60	64*	72	87
Operating income (loss)	12	12*	7	13	7	3*	7	4	7	8*	5	(2)
Interest expense	—	year only	—	—	—	year only	—	—	—	year only	—	—
Other income (expense)	(0)	1*	(0)	0	(1)	1*	(0)	2	0	1*	1	(2)
Income tax expense (benefit)	4	2*	3	5	3	0*	1	2	3	6*	(2)	3
Net income (loss)	(2)	2*	1	8	3	4*	5	3	9	6*	12	4
Earnings per share, basic USD per share	(0.01)	0.02*	0.01	0.05	0.02	0.03*	0.03	0.02	0.05	0.03*	0.07	0.02
Earnings per share, diluted USD per share	(0.01)	0.02*	0.01	0.05	0.02	0.03*	0.03	0.02	0.05	0.03*	0.07	0.02
Weighted average shares, basic millions of shares	130	135*	140	152	153	152*	154	156	171	170*	177	189
Weighted average shares, diluted millions of shares	130	135*	142	154	154	155*	156	157	173	174*	179	190

Balance sheet

CSV

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

In millions of dollars	Q3 FY23Oct 1, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 29, 2024	Q4 FY24Dec 29, 2024	Q1 FY25Mar 30, 2025	Q2 FY25Jun 29, 2025	Q3 FY25Sep 28, 2025	Q4 FY25Dec 28, 2025	Q1 FY26Mar 29, 2026	Q2 FY26Jun 28, 2026
Cash and cash equivalents	42	73	339	308	302	329	264	784	566	561	1,464	1,438
Accounts receivable	128	129	117	132	113	118	118	142	136	165	195	171
Total current assets	604	594	872	851	838	872	864	1,429	1,237	1,263	2,310	2,357
Right-of-use asset	51	46	43	42	40	38	42	41	42	43	45	51
Goodwill	558	569	569	569	569	569	597	599	595	596	884	871
Total assets	1,591	1,633	1,915	1,914	1,912	1,951	2,005	2,586	2,423	2,467	4,043	4,090
Accounts payable	57	63	62	59	61	82	83	98	66	70	112	105
Accrued liabilities	40	35	36	35	40	39	42	48	67	61	59	96
Total current liabilities	263	293	288	272	261	297	305	322	287	311	411	425
Long-term debt	234	219	179	180	177	175	172	170	0	0	—	—
Lease liability, non-current	43	38	35	34	32	30	33	32	33	34	35	40
Total liabilities	618	634	586	585	570	598	617	626	442	471	633	663
Accumulated deficit	(683)	(680)	(679)	(671)	(668)	(664)	(659)	(657)	(648)	(642)	(630)	(626)
Total stockholders' equity	—	976	1,306	1,329	1,343	1,353	1,388	1,960	1,982	1,996	3,410	3,427
Total liabilities and equity	1,591	1,633	1,915	1,914	1,912	1,951	2,005	2,586	2,423	2,467	4,043	4,090
Common shares outstanding (cover page) millions of shares	129	130	150	151	151	153	153	169	169	170	188	188

Cash flows

CSV

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

In millions of dollars	Q3 FY23Oct 1, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 29, 2024	Q4 FY24Dec 29, 2024	Q1 FY25Mar 30, 2025	Q2 FY25Jun 29, 2025	Q3 FY25Sep 28, 2025	Q4 FY25Dec 28, 2025	Q1 FY26Mar 29, 2026	Q2 FY26Jun 28, 2026
Net income (loss)	(2)	2*	1	8	3	4*	5	3	9	6*	12	4
Stock-based compensation	6*	6*	9	7*	7*	7*	9	9*	9*	9*	15	16*
Depreciation and amortization	8	9*	9	10	10	10*	10	12	12	13*	17	22
Net cash from operating activities	0*	year only	1	(3)*	6*	46*	(29)	(12)*	(13)*	12*	(27)	(11)*
Net cash from investing activities	(14)*	(19)*	(17)	(24)*	(15)*	(14)*	(23)	(21)*	(28)*	(17)*	(365)	(10)*
Proceeds from issuing common stock	0*	0*	331	0*	0*	0*	0	556*	0*	0*	1,349	(0)*
Proceeds from long-term debt	0*	0*	—	—	—	year only	—	—	—	—	—	—
Net cash from financing activities	9*	(19)*	283	(4)*	2*	(3)*	(15)	551*	(176)*	1*	1,297	(6)*
Net change in cash	(6)*	31*	266	(31)*	(7)*	28*	(66)	520*	(218)*	(5)*	904	(27)*

Compare with peers

Defense primes first (General Dynamics, Northrop Grumman, L3Harris, Huntington Ingalls, RTX), then SIC 3760 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3760 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
Kratos Defense & Security Solutions	1,438	459	(11)*	187.7M	130.7 quarters	Q2 FY26 10-QJun 28, 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
Archer Aviationadded: SIC 3721, similar size	853	5	(156)*	770.0M	10.0 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
Arxisadded: SIC 3728, similar size	494	564	169*	not reported	—	Q3 FY26 10-QSep 30, 2026

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