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Leonardo DRS, Inc. DRS ASC — Total cost of revenues

Other segment segments

IMS
$222M-3.1%

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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$11.91B+8.3%
Enterprise value$11.75B+6.1%
P/E41.1×-2.9×
P/S3.2×0.0×

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:CostOfRevenue.

The source filing: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:36 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001833756-26-000025
(Dollars in millions)Three Months Ended March 31, 20262025
Corporate & Eliminations(8)(3)
Total revenues$846$799
Cost of revenues
ASC$420$392
IMS222229
Corporate & Eliminations(8)(3)
Total cost of revenues$634$618
General and administrative

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Leonardo DRS, Inc.'s ASC — total cost of revenues?
Leonardo DRS, Inc. (DRS) reported ASC — total cost of revenues of $420M in Q1 2026.
How has Leonardo DRS, Inc.'s ASC — total cost of revenues changed year-over-year?
Leonardo DRS, Inc.'s ASC — total cost of revenues increased by 7.1% year-over-year, from $392M to $420M.
What is the long-term trend for Leonardo DRS, Inc.'s ASC — total cost of revenues?
Over 3 years (2022 to 2025), Leonardo DRS, Inc.'s ASC — total cost of revenues has grown at a 9.0% compound annual growth rate (CAGR), from $1.34B to $1.73B.
What does ASC — total cost of revenues mean?
Includes all direct costs associated with producing the defense technologies and services sold by the Advanced Sensing and Computing segment. This encompasses materials, direct labor, and manufacturing overhead required to fulfill defense contracts.

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