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Leonardo DRS, Inc. DRS IMS — Total company-funded independent research and development

Other segment segments

ASC
$24M+4.3%

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MOVESegment Reporting — Research And Development Expense
$1.2M

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:ResearchAndDevelopmentExpense.

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 IMS — total company-funded independent research and development?
Leonardo DRS, Inc. (DRS) reported IMS — total company-funded independent research and development of $7M in Q1 2026.
How has Leonardo DRS, Inc.'s IMS — total company-funded independent research and development changed year-over-year?
Leonardo DRS, Inc.'s IMS — total company-funded independent research and development increased by 40.0% year-over-year, from $5M to $7M.
What is the long-term trend for Leonardo DRS, Inc.'s IMS — total company-funded independent research and development?
Over 3 years (2022 to 2025), Leonardo DRS, Inc.'s IMS — total company-funded independent research and development has grown at a 21.3% compound annual growth rate (CAGR), from $14M to $25M.
What does IMS — total company-funded independent research and development mean?
Internal spending on research and development to create new defense technologies.
How do you interpret IMS — total company-funded independent research and development?
Higher spending signals a focus on long-term innovation and future growth, whereas lower spending may prioritize short-term profitability.
How does IMS — total company-funded independent research and development compare across companies?
Commonly tracked as IR&D in the defense industry to measure innovation intensity.