Revenue
459 million USD
2026-06-28 · USD
Exact inputs and evidence
- Revenue: 458800000 USD Source
Fundies. English
Kratos Defense & Security Solutions, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 1.347B, using the latest reported figures. The previous period, 2024, was about USD 1.136B.
Latest quarter
Operating margin
-0.35%
2026-06-28 · %
Operating cash flow
-11 million USD
2026-06-28 · USD
- Cash and cash equivalents
- 1.44 billion USD Source
Exact value
1437600000 USD
- Long-term debt including current maturities
- 297 million USD Source
Exact value
296700000 USD
- Shares outstanding
- 188 million shares Source
Exact value
187557916 shares
Reported share-count change
11.27% · 19 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
1.52 billion USD
2025-06-30 – 2026-06-28
Exact inputs and evidence
Net income
30.9 million USD
2025-06-30 – 2026-06-28
Exact inputs and evidence
Operating cash flow
-39.6 million USD
2025-06-30 – 2026-06-28
Exact inputs and evidence
- Operating cash flow: -54200000 USD · 2024-12-30 – 2025-09-28 Source
- Operating cash flow: -40900000 USD · 2024-12-30 – 2025-06-29 Source
- Operating cash flow: -42100000 USD · 2024-12-30 – 2025-12-28 Source
- Operating cash flow: -54200000 USD · 2024-12-30 – 2025-09-28 Source
- Operating cash flow: -27400000 USD · 2025-12-29 – 2026-03-29 Source
- Operating cash flow: -38400000 USD · 2025-12-29 – 2026-06-28 Source
- Operating cash flow: -27400000 USD · 2025-12-29 – 2026-03-29 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-04.
Financial data available through: 2025-12-28.
Coverage by financial measure
- Revenue: 10 of 11 periods available· newest 2025-12-28
- Operating income: 10 of 11 periods available· newest 2025-12-28
- Net income: 10 of 11 periods available· newest 2025-12-28
- Operating cash flow: 10 of 11 periods available· newest 2025-12-28
- capital expenditure: No compatible figures in this window
- Total assets: 10 of 11 periods available· newest 2025-12-28
- Total liabilities: 10 of 11 periods available· newest 2025-12-28
- Current assets: 10 of 11 periods available· newest 2025-12-28
- Current liabilities: 10 of 11 periods available· newest 2025-12-28
- Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-28
- Long-term debt including current maturities: 6 of 11 periods available· newest 2021-12-26
- Shares outstanding: 10 of 11 periods available· newest 2025-12-28
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+18.5%Prior period
USD 1.14 billion
–
Current period
USD 1.35 billion
–
Exact inputs and evidence
1346800000 − 1136300000 = 210500000 USD
1136300000 USD · 2024-01-01 – 2024-12-29
Inspect prior input Prior source1346800000 USD · 2024-12-30 – 2025-12-28
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+35%Prior period
USD 16.3 million
–
Current period
USD 22 million
–
Exact inputs and evidence
22000000 − 16300000 = 5700000 USD
16300000 USD · 2024-01-01 – 2024-12-29
Inspect prior input Prior source22000000 USD · 2024-12-30 – 2025-12-28
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-184.7%Prior period
USD 49.7 million
–
Current period
−USD 42.1 million
–
Exact inputs and evidence
-42100000 − 49700000 = -91800000 USD
49700000 USD · 2024-01-01 – 2024-12-29
Inspect prior input Prior source-42100000 USD · 2024-12-30 – 2025-12-28
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2024-12-30 – 2025-12-28
- Revenue USD 1.35 billion 100% of revenue
- Cost of revenue USD 1.04 billion 77% of revenue
- Operating expenses USD 280.2 million 21% of revenue
- Operating income USD 25.6 million 1.9% of revenue
- Tax, interest and other Derived USD 3.6 million 0.3% of revenue
- Net income USD 22 million 1.6% of revenue
Cash
- Operating cash flow −USD 42.1 million −3.1% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Operating loss: operating costs were 103% of revenue.
- 2017 Operating loss: operating costs were 102% of revenue.
- 2018 Net loss: net income was −0.6% of revenue.
- 2019 95%
- 2020 Net income was higher than operating income, so the split is not drawn.
- 2021 Net loss: net income was −0.2% of revenue.
- 2022 Operating loss: operating costs were 100% of revenue.
- 2023 Net loss: net income was −0.9% of revenue.
- 2024 97%
- 2025 98%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2015-12-28 – 2016-12-25 | 541900000 | 559900000 Derived | -18000000 | 42500000 Derived | -60500000 | Unavailable | Source
|
| 2017 2016-12-26 – 2017-12-31 | 603300000 | 615300000 Derived | -12000000 | 30700000 Derived | -42700000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-30 | 618000000 | 587500000 Derived | 30500000 | 34000000 Derived | -3500000 | Unavailable | Source
|
| 2019 2018-12-31 – 2019-12-29 | 717500000 | 679500000 Derived | 38000000 | 25500000 Derived | 12500000 | Unavailable | Source
|
| 2020 2019-12-30 – 2020-12-27 | 747700000 | 718400000 Derived | 29300000 | -50300000 Derived | 79600000 | Unavailable | Source
|
| 2021 2020-12-28 – 2021-12-26 | 811500000 | 783600000 Derived | 27900000 | 29900000 Derived | -2000000 | Unavailable | Source
|
| 2022 2021-12-27 – 2022-12-25 | 898300000 | 901200000 Derived | -2900000 | 34000000 Derived | -36900000 | Unavailable | Source
|
| 2023 2022-12-26 – 2023-12-31 | 1037100000 | 1006000000 Derived | 31100000 | 40000000 Derived | -8900000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-29 | 1136300000 | 1107300000 Derived | 29000000 | 12700000 Derived | 16300000 | Unavailable | Source
|
| 2025 2024-12-30 – 2025-12-28 | 1346800000 | 1321200000 Derived | 25600000 | 3600000 Derived | 22000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 1.3B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 541900000 |
|
| 2017 | Revenue | 603300000 |
|
| 2018 | Revenue | 618000000 |
|
| 2019 | Revenue | 717500000 |
|
| 2020 | Revenue | 747700000 |
|
| 2021 | Revenue | 811500000 |
|
| 2022 | Revenue | 898300000 |
|
| 2023 | Revenue | 1037100000 |
|
| 2024 | Revenue | 1136300000 |
|
| 2025 | Revenue | 1346800000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
18.5% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | 11.3% |
|
| 2018 | Year over year | 2.4% |
|
| 2019 | Year over year | 16.1% |
|
| 2020 | Year over year | 4.2% |
|
| 2021 | Year over year | 8.5% |
|
| 2022 | Year over year | 10.7% |
|
| 2023 | Year over year | 15.5% |
|
| 2024 | Year over year | 9.6% |
|
| 2025 | Year over year | 18.5% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 1.9% 2025
Net margin 1.6% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | -3.3% |
|
| 2017 | Operating margin | -2% |
|
| 2018 | Operating margin | 4.9% |
|
| 2019 | Operating margin | 5.3% |
|
| 2020 | Operating margin | 3.9% |
|
| 2021 | Operating margin | 3.4% |
|
| 2022 | Operating margin | -0.3% |
|
| 2023 | Operating margin | 3% |
|
| 2024 | Operating margin | 2.6% |
|
| 2025 | Operating margin | 1.9% |
|
| 2016 | Net margin | -11.2% |
|
| 2017 | Net margin | -7.1% |
|
| 2018 | Net margin | -0.6% |
|
| 2019 | Net margin | 1.7% |
|
| 2020 | Net margin | 10.6% |
|
| 2021 | Net margin | -0.2% |
|
| 2022 | Net margin | -4.1% |
|
| 2023 | Net margin | -0.9% |
|
| 2024 | Net margin | 1.4% |
|
| 2025 | Net margin | 1.6% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD -42.1M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | -14600000 |
|
| 2017 | Operating cash flow | -26900000 |
|
| 2018 | Operating cash flow | 18100000 |
|
| 2019 | Operating cash flow | 28900000 |
|
| 2020 | Operating cash flow | 44700000 |
|
| 2021 | Operating cash flow | 35300000 |
|
| 2022 | Operating cash flow | -25700000 |
|
| 2023 | Operating cash flow | 65200000 |
|
| 2024 | Operating cash flow | 49700000 |
|
| 2025 | Operating cash flow | -42100000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
19.1% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 70.9% |
|
| 2017 | Liabilities / assets | 50% |
|
| 2018 | Liabilities / assets | 48.6% |
|
| 2019 | Liabilities / assets | 50.3% |
|
| 2020 | Liabilities / assets | 39.8% |
|
| 2021 | Liabilities / assets | 39.6% |
|
| 2022 | Liabilities / assets | 38.9% |
|
| 2023 | Liabilities / assets | 38.8% |
|
| 2024 | Liabilities / assets | 30.6% |
|
| 2025 | Liabilities / assets | 19.1% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
4.06× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.9× |
|
| 2017 | Current assets / current liabilities | 2.5× |
|
| 2018 | Current assets / current liabilities | 3× |
|
| 2019 | Current assets / current liabilities | 2.86× |
|
| 2020 | Current assets / current liabilities | 3.87× |
|
| 2021 | Current assets / current liabilities | 3.43× |
|
| 2022 | Current assets / current liabilities | 2.49× |
|
| 2023 | Current assets / current liabilities | 2.03× |
|
| 2024 | Current assets / current liabilities | 2.94× |
|
| 2025 | Current assets / current liabilities | 4.06× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2015-12-28 – 2016-12-25 | −USD 60.5 million Exact valueExact value: -60500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 14.6 million Exact valueExact value: -14600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2016-12-26 – 2017-12-31 | −USD 42.7 million Exact valueExact value: -42700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 26.9 million Exact valueExact value: -26900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-30 | −USD 3.5 million Exact valueExact value: -3500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 18.1 million Exact valueExact value: 18100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2018-12-31 – 2019-12-29 | USD 12.5 million Exact valueExact value: 12500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 28.9 million Exact valueExact value: 28900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2019-12-30 – 2020-12-27 | USD 79.6 million Exact valueExact value: 79600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 44.7 million Exact valueExact value: 44700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2020-12-28 – 2021-12-26 | −USD 2 million Exact valueExact value: -2000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 35.3 million Exact valueExact value: 35300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2021-12-27 – 2022-12-25 | −USD 36.9 million Exact valueExact value: -36900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 25.7 million Exact valueExact value: -25700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2022-12-26 – 2023-12-31 | −USD 8.9 million Exact valueExact value: -8900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 65.2 million Exact valueExact value: 65200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-29 | USD 16.3 million Exact valueExact value: 16300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 49.7 million Exact valueExact value: 49700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2024-12-30 – 2025-12-28 | USD 22 million Exact valueExact value: 22000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 42.1 million Exact valueExact value: -42100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
194 filings · 12,261 latest values · 12,261 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001069258, 1069258, KTOS, edgar:1069258
Also known as KRATOS DEFENSE & SECURITY SOLUTIONS, INC., KRATOS DEFENSE & SECURITY SOLUTIONS, INC., Kratos Defense & Security Solutions, Inc., WIRELESS FACILITIES INC