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Leonardo DRS, Inc. DRS Q2 2025 earnings

Reported July 30, 2025 · Before market open

Revenue$829.0MMiss by $77.4M
EPS$0.23Beat by $0.01
Revenue estimate$906.4M
EPS estimate$0.22

Next report

Date not yet announced

Financials

Q2 2025

Income statement

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Revenue$829.0M+10.1%
Gross profit$197.0M+16.6%
Operating income$70.0M+27.3%
Net income$54.0M+42.1%
EPS (diluted)$0.20+42.9%

Balance sheet

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Cash & equivalents$278.0M+86.6%
Total debt$359.0M-33.9%
Total equity$2.6B+8.1%
Total assets$4.1B+6.8%

Cash flow

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Operating cash flow-$28.0M—
CapEx$28.0M-17.6%
Free cash flow-$56.0M—

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$11.47B+71.0%
Enterprise value$11.55B+62.6%
P/E45.9×+10.2×
P/S3.4×+1.2×

Profitability

See full
Gross margin23.2%+0.5pp
Operating margin9.5%+0.9pp
Net margin7.3%+1.2pp

Returns & leverage

See full
Return on equity10%+1.8pp
Debt / equity0.1×-0.1×
Current ratio2.1×+0.1×

Segments

By segment

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ASC$542.0M—
IMS$290.0M+9.0%

By geography

See full
International$68.0M-28.4%

Versus estimates

Revenue

Q1 2026$846.0MBeat by $21.0MQ4 2025$1.1BBeat by $65.2MQ3 2025$960.0MMiss by $36.5M
Q2 2025$829.0MMiss by $77.4M
Q1 2025$799.0MBeat by $62.3MQ4 2024$981.0MBeat by $244.7M

Diluted EPS

Q1 2026$0.26Beat by $0.05Q4 2025$0.42Beat by $0.05Q3 2025$0.29Beat by $0.01
Q2 2025$0.23Beat by $0.01
Q1 2025$0.20Beat by $0.03Q4 2024$0.38Beat by $0.02

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Questions, answered.

When did Leonardo DRS, Inc. report Q2 2025 earnings?
Leonardo DRS, Inc. (DRS) reported Q2 2025 earnings on July 30, 2025 before market open.
What were Leonardo DRS, Inc.'s Q2 2025 revenue and EPS?
Leonardo DRS, Inc. reported revenue of $829.0M and eps of $0.23 for Q2 2025.
Did Leonardo DRS, Inc. beat estimates in Q2 2025?
Revenue missed the consensus estimate of $906.4M by $77.4M. EPS beat the consensus estimate of $0.22 by $0.01.
How did Leonardo DRS, Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.1% from $753.0M a year earlier and eps grew 27.8% from $0.18.
Where can I find Leonardo DRS, Inc.'s Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-036706) directly on SEC EDGAR. The filing index links above go to sec.gov.