KTOS · XBRL financial data

Kratos Defense & Security Solutions financial statements, every fiscal year

The same tables from 8 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 (KTOS's year ends in late December)

In millions of dollars	FY 2020Dec 27, 2020	FY 2021Dec 26, 2021	FY 2022Dec 25, 2022	FY 2023Dec 31, 2023	FY 2024Dec 29, 2024	FY 2025Dec 28, 2025
Revenue from contracts with customers	748	812	898	1,037	1,136	1,347
Cost of goods and services sold	545	586	672	769	849	1,039
Gross profit	203	225	226	269	287	308
Research and development	27	35	39	38	40	40
Selling, general and administrative	145	160	183	198	214	240
Operating income (loss)	29	28	(3)	31	29	26
Interest expense	24	24	18	22	15	10
Other income (expense)	0	(0)	1	1	1	3
Income tax expense (benefit)	(74)	4	1	9	10	12
Net income (loss)	80	(2)	(37)	(9)	16	22
Earnings per share, basic USD per share	0.69	(0.02)	(0.29)	(0.07)	0.11	0.14
Earnings per share, diluted USD per share	0.67	(0.02)	(0.29)	(0.07)	0.11	0.13
Weighted average shares, basic millions of shares	116	125	127	130	149	163
Weighted average shares, diluted millions of shares	119	128	127	130	151	165

Balance sheet

CSV

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

In millions of dollars	FY 2020Dec 27, 2020	FY 2021Dec 26, 2021	FY 2022Dec 25, 2022	FY 2023Dec 31, 2023	FY 2024Dec 29, 2024	FY 2025Dec 28, 2025
Cash and cash equivalents	381	349	81	73	329	561
Accounts receivable	95	94	106	129	118	165
Total current assets	765	758	583	594	872	1,263
Right-of-use asset	43	39	47	46	38	43
Goodwill	484	494	558	569	569	596
Total assets	1,563	1,590	1,552	1,633	1,951	2,467
Accounts payable	55	50	57	63	82	70
Accrued liabilities	35	27	34	35	39	61
Total current liabilities	198	221	234	293	297	311
Long-term debt	301	297	250	219	175	0
Lease liability, non-current	39	33	41	38	30	34
Total liabilities	623	629	604	634	598	471
Accumulated deficit	(632)	(634)	(671)	(680)	(664)	(642)
Total stockholders' equity	—	—	—	976	1,353	1,996
Total liabilities and equity	1,563	1,590	1,552	1,633	1,951	2,467
Common shares outstanding (cover page) millions of shares	123	125	127	130	153	170

Cash flows

CSV

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

In millions of dollars	FY 2020Dec 27, 2020	FY 2021Dec 26, 2021	FY 2022Dec 25, 2022	FY 2023Dec 31, 2023	FY 2024Dec 29, 2024	FY 2025Dec 28, 2025
Net income (loss)	80	(2)	(37)	(9)	16	22
Stock-based compensation	21	26	26	25	30	36
Depreciation and amortization	25	26	31	33	40	47
Net cash from operating activities	—	—	(26)	65	50	(42)
Net cash from investing activities	(87)	(52)	(177)	(44)	(70)	(88)
Proceeds from issuing common stock	240	0	0	0	331	556
Proceeds from long-term debt	5	0	200	0	0	—
Net cash from financing activities	248	(9)	(63)	(31)	278	361
Net change in cash	209	(32)	(268)	(9)	257	231

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	522	55	(169)*	1.0B	10.7 quarters	Q3 FY26 10-QSep 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.