Kratos Defense & Security Solutions (NASDAQ: KTOS) financial statements
The consolidated income statement, balance sheet and cash flow statement of Kratos Defense & Security Solutions for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $2,467m in total assets and $1,996m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1,347m | $1,136m | $1,037m | $898.3m | $811.5m | $747.7m | $717.5m | $618.0m | $603.3m | $541.9m |
| Cost of sales | $1,039m | $849.1m | $768.5m | $672.3m | $586.4m | $544.5m | $527.5m | $448.3m | $554.6m | $515.1m |
| Gross profit | $307.9m | $287.2m | $268.6m | $226.0m | $225.1m | $203.2m | $190.0m | $169.7m | $157.6m | $120.5m |
| Operating profit | $25.6m | $29.0m | $31.1m | −$2.9m | $27.9m | $29.3m | $38.0m | $30.5m | −$12.0m | −$18.0m |
| Finance costs | $9.6m | $15.2m | $21.7m | $18.3m | $23.7m | $23.6m | $23.5m | $21.6m | $29.1m | $34.7m |
| Profit before tax | $34.0m | $26.5m | $11.1m | −$33.0m | $4.4m | $6.8m | $15.7m | $8.7m | −$57.1m | −$51.8m |
| Income tax | $12.0m | $10.2m | $8.7m | $0.2m | $3.9m | $73.5m | $4.8m | $4.6m | $10.2m | $5.8m |
| Net profit | $22.0m | $16.3m | −$8.9m | −$36.9m | −$2.0m | $79.6m | $12.5m | −$3.5m | −$42.7m | −$60.5m |
| Earnings per share | $0.14 | $0.11 | −$0.07 | −$0.29 | −$0.02 | $0.69 | $0.12 | −$0.03 | −$0.48 | −$0.99 |
| Diluted earnings per share | $0.13 | $0.11 | −$0.07 | −$0.29 | −$0.02 | $0.67 | $0.11 | −$0.03 | −$0.48 | −$0.99 |
| Depreciation and amortisation | $47.1m | $40.3m | $33.2m | $30.5m | $25.7m | $24.6m | $23.4m | $17.9m | $22.2m | $22.5m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2,467m | $1,951m | $1,633m | $1,552m | $1,590m | $1,563m | $1,186m | $1,010m | $1,024m | $948.6m |
| Current assets | $1,263m | $872.1m | $594.2m | $582.6m | $758.1m | $764.8m | $522.2m | $494.7m | $471.4m | $373.1m |
| Inventories | — | — | — | — | — | — | — | $46.8m | $49.6m | $57.2m |
| Property, plant and equipment | $361.9m | $288.2m | $243.6m | $213.1m | $168.3m | $143.8m | $116.9m | $67.1m | $58.0m | $49.8m |
| Goodwill | $595.7m | $568.9m | $569.1m | $558.2m | $493.9m | $483.9m | $455.6m | $425.7m | $425.7m | $485.4m |
| Cash | $560.6m | $329.3m | $72.8m | $81.3m | $349.4m | $380.8m | $172.6m | $182.7m | $130.5m | $69.1m |
| Total liabilities | $470.9m | $597.7m | $634.0m | $604.0m | $629.2m | $622.7m | $596.9m | $490.8m | $512.5m | $672.2m |
| Current liabilities | $311.0m | $296.7m | $292.5m | $234.2m | $221.1m | $197.6m | $182.7m | $164.7m | $188.9m | $196.5m |
| Equity | $1,996m | $1,353m | $976.0m | $936.3m | $945.1m | $925.3m | $574.1m | $519.3m | $511.5m | $276.4m |
| Equity including minorities | $1,996m | $1,353m | $976.0m | $936.3m | $945.1m | $925.3m | $574.1m | $519.3m | $511.5m | $276.4m |
| Minority interests | $0.0m | $0.0m | $22.5m | $0.0m | $0.0m | $0.0m | $0.0m | $0.0m | $0.0m | $0.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −$42.1m | $49.7m | $65.2m | −$25.7m | $35.3m | $44.7m | $28.9m | $18.1m | −$26.9m | −$14.6m |
| Investing cash flow | −$88.3m | −$69.7m | −$43.8m | −$177.4m | −$52.1m | −$87.3m | −$43.7m | $40.5m | −$25.4m | −$14.1m |
| Financing cash flow | $360.7m | $277.6m | −$30.7m | −$63.3m | −$9.3m | $247.7m | $3.5m | $1.7m | $113.4m | $63.1m |
| Capital expenditure | −$95.3m | −$58.2m | −$52.4m | −$45.4m | −$46.5m | −$35.9m | — | — | — | — |
Where each figure comes from
From the annual report (Form 10-K) that Kratos Defense & Security Solutions files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Kratos Defense & Security Solutions page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.