Kratos Defense & Security Solutions, Inc. (KTOS) — Financial statements
Income statement, balance sheet, and cash flow for Kratos Defense & Security Solutions, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,347↑18.5% | 1,136↑9.6% | 1,037↑15.5% | 898↑10.7% | 812 | |
| Cost of Revenue | 1,049↑23.5% | 849↑10.5% | 769↑14.3% | 672↑14.6% | 586 | |
| Gross Profit | 298↑3.9% | 287↑6.9% | 269↑18.8% | 226↑0.4% | 225 | |
| Operating Expenses | ||||||
| R&D Expenses | 40↓0.7% | 40↑4.9% | 38↓0.5% | 39↑9.7% | 35 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 231↑7.8% | 214↑8.2% | 198↑8.2% | 183↑14.1% | 160 | |
| Other Expenses | 0.00↓100.0% | 4↑200.0% | 1↓82.7% | 8↑316.7% | 2 | |
| Operating Expenses | 271↑4.8% | 258↑8.7% | 238↑3.8% | 229↑16.1% | 197 | |
| Total Costs & Expenses | 1,319↑19.1% | 1,107↑10.1% | 1,006↑11.6% | 901↑15.0% | 784 | |
| Operating Results | ||||||
| Operating Income | 28↓4.5% | 29↓6.8% | 31↑1172.4% | -3↓110.4% | 28 | |
| Depreciation & Amortization | 59↑14.3% | 52↑16.1% | 45↑9.3% | 41↑17.9% | 35 | |
| EBITDA | 104↑10.9% | 94↑20.8% | 78↑195.8% | 26↓58.3% | 63 | |
| EBIT | 45↑6.7% | 42↑27.1% | 33↑323.1% | -15↓152.3% | 28 | |
| Interest & Other Income | ||||||
| Net Interest Income | 5↑266.7% | -3↑85.4% | -21↓15.8% | -18↑24.4% | -23 | |
| Interest Income | 16↑27.0% | 12↑916.7% | 1↑100.0% | 0.60↑100.0% | 0.30 | |
| Interest Expense | 11↓30.9% | 15↓30.0% | 22↑18.6% | 18↓22.8% | 24 | |
| Non-Operating Income | -17↓32.3% | -13↓647.1% | -2↓114.4% | 12↑6000.0% | -0.20 | |
| Other Income / Expenses | 6↑352.0% | -3↑87.5% | -20↑33.6% | -30↓28.1% | -24 | |
| Income Before Tax | 34↑28.3% | 27↑138.7% | 11↑133.6% | -33↓850.0% | 4 | |
| Income Tax Expense | 12↑17.6% | 10↑17.2% | 9↑4250.0% | 0.20↓94.9% | 4 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 22↑35.0% | 16↑579.2% | 2↑107.2% | -33↓6740.0% | 0.50 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 0.20↓77.8% | 0.90↑142.9% | -2 | |
| Net Income | 22↑35.0% | 16↑283.1% | -9↑75.9% | -37↓1745.0% | -2 | |
| Bottom-Line Net Income | 22↑35.0% | 16↑283.1% | -9↑75.9% | -37↓1745.0% | -2 | |
| EPS (Basic) | 0.13↑18.2% | 0.11↑257.1% | -0.07↑75.9% | -0.29↓1350.0% | -0.02 | |
| EPS (Diluted) | 0.13↑18.2% | 0.11↑257.1% | -0.07↑75.9% | -0.29↓1350.0% | -0.02 | |
| Weighted Average Shares | 172↑15.6% | 149↑14.3% | 130↑2.9% | 127↑1.7% | 125 | |
| Weighted Average Diluted Shares | 173↑14.7% | 151↑15.7% | 130↑2.9% | 127↓1.0% | 128 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.