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Leonardo DRS, Inc. DRS Change in Prepaids

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Other financials

Income statement

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Revenue$846.0M+5.9%
Gross profit$212.0M+17.1%
Operating income$77.0M+30.5%
Net income$62.0M+24.0%
EPS (diluted)$0.23+21.1%

Balance sheet

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Cash & equivalents$328.0M-13.7%
Total debt$170.0M-53.7%
Total equity$2.8B+7.7%
Total assets$4.2B+2.8%

Cash flow

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Operating cash flow-$66.0M+52.2%
CapEx$30.0M-6.3%
Free cash flow-$96.0M+43.5%

Valuation

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Market cap$12.29B+35.8%
Enterprise value$12.13B+34.1%
P/E42.4×+3.7×
P/S3.3×+0.6×

Profitability

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Gross margin24.4%+1.5pp
Operating margin9.9%+0.7pp
Net margin7.8%+0.9pp
FCF margin8.1%

Returns & leverage

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Return on equity10.9%+1.4pp
Debt / equity0.1×-0.1×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Leonardo DRS, Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInPrepaidExpense.

The official record: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Leonardo DRS, Inc.'s change in prepaids?
Leonardo DRS, Inc. (DRS) reported change in prepaids of $1M in Q1 2026.
How has Leonardo DRS, Inc.'s change in prepaids changed year-over-year?
Leonardo DRS, Inc.'s change in prepaids decreased by 0.0% year-over-year, from $1M to $1M.
What is the long-term trend for Leonardo DRS, Inc.'s change in prepaids?
Over 2 years (2022 to 2025), Leonardo DRS, Inc.'s change in prepaids has grown at a 0.0% compound annual growth rate (CAGR), from $1M to -$1M.
What does change in prepaids mean?
The change in payments made for future services or goods.
How do you interpret change in prepaids?
Large increases may indicate significant upfront payments for long-term contracts or insurance, while decreases suggest the consumption of previously paid assets.
How does change in prepaids compare across companies?
Generally a minor component of working capital for most defense companies.