What is Leonardo DRS, Inc.'s IMS — accumulated impairment?

Leonardo DRS, Inc. (DRS) reported IMS — accumulated impairment of $606M in Q4 2025.

What does IMS — accumulated impairment mean?

The total amount of write-downs taken against the value of assets, typically goodwill or long-lived assets, due to a decline in their fair value. This reflects management's assessment that the assets are no longer worth their original carrying value.

Leonardo DRS, Inc. (DRS) IMS — Accumulated impairment

Screener

Other segment segments

ASC

$2.36B—

Similar metrics at other companies

GPIU.K. — Accumulated impairment

$93M—

TTEKCIG — Accumulated impairment

$121.47M0.0%

TTEKGSG — Accumulated impairment

$110.13M0.0%

CTRICanadian Operations — Accumulated impairment

$10.8M0.0%

CTRIUnion Electric — Accumulated impairment

$391.1M0.0%

LCIIOEM Segment — Accumulated impairment

$50.5M0.0%

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:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Leonardo DRS, Inc.’s 10-K, filed February 27, 2026.

Filed: Feb 26, 2026, 7:00 PM EST
Fiscal year: FY2025
Accession: 0001833756-26-000013

Goodwill as of the periods presented is reported net of $2,362 million and $606 million of accumulated impairments for the ASC and IMS segments, respectively.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Leonardo DRS, Inc.'s IMS — accumulated impairment?: Leonardo DRS, Inc. (DRS) reported IMS — accumulated impairment of $606M in Q4 2025.
What does IMS — accumulated impairment mean?: The total amount of write-downs taken against the value of assets, typically goodwill or long-lived assets, due to a decline in their fair value. This reflects management's assessment that the assets are no longer worth their original carrying value.