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Leonardo DRS, Inc. DRS Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Total cost of revenues by Business
ASC$1.76B+5.7%$1.73B+8.1%$1.72B+18.6%$1.7B+22.6%$1.66B+22.4%
IMS$1.06B+12.8%$1.07B+15.6%$1.02B+18.2%$948M+11.9%$939M+12.1%
Revenue by Business
ASC$2.4B+9.4%$2.36B+11.2%$2.29B+11.1%$2.25B+14.5%$2.2B+17.2%
IMS$1.31B+12.2%$1.31B+14.9%$1.29B+13.1%$1.19B+5.2%$1.17B+6.9%
Operating Income (Loss) by Business
ASC$255M+34.9%$240M+31.1%$189M+40.0%$189M+52.4%$189M+56.2%
IMS$118M-6.3%$115M-1.7%$155M+55.0%$138M+50.0%$126M+34.0%
Total Assets by Business
ASC$9.91B$9.78B$9.58B
IMS$5.12B$5.12B$5.04B
Total general and administrative by Business
ASC$264M+10.0%$260M+11.1%$257M+12.0%$246M+5.1%$240M+4.6%
IMS$107M+27.4%$101M+24.7%$88M+5.1%$86M+5.5%$84M+6.0%
Total company-funded independent research and development by Business
ASC$105M+29.6%$104M+40.5%$99M+46.7%$89M+36.9%$81M+23.7%
IMS$27M+42.1%$25M+38.9%$23M+35.3%$20M+17.6%$19M+18.8%
Total depreciation by Business
ASC$50M+4.2%$49M+2.1%$48M+2.1%$48M+4.3%$48M+6.7%
IMS$22M0.0%$22M+4.8%$23M+16.5%$22M+12.8%$22M+14.3%
Acquired Intangible Amortization by Business
ASC$22M0.0%$22M0.0%$21M-6.7%$22M0.0%$22M+2.3%
IMS$0$0$0$0$0

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Questions, answered.

How does Leonardo DRS, Inc. break its business down?
Leonardo DRS, Inc. (DRS) reports total cost of revenues by business across 2 parts — ASC and IMS. Each is extracted from the segment footnotes and tracked over time.
Where does Leonardo DRS, Inc.'s segment data come from?
Segment breakdowns are pulled from the segment footnotes in Leonardo DRS, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.