What is Kratos Defense & Security Solutions's free cash flow?

Kratos Defense & Security Solutions (KTOS) reported free cash flow of -$47.3M in Q1 2026.

How has Kratos Defense & Security Solutions's free cash flow changed year-over-year?

Kratos Defense & Security Solutions's free cash flow increased by 8.7% year-over-year, from -$51.8M to -$47.3M.

What is the long-term trend for Kratos Defense & Security Solutions's free cash flow?

Over 2 years (2022 to 2025), Kratos Defense & Security Solutions's free cash flow has grown at a 39.0% compound annual growth rate (CAGR), from -$71.1M to -$137.4M.

Kratos Defense & Security Solutions KTOS Free cash flow

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Other financials

Income statement

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Revenue$371.0M+22.6%

Gross profit$89.6M+21.7%

Operating income$4.7M-28.8%

Net income$11.9M+164%

EPS (diluted)$0.07+133%

Balance sheet

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Cash & equivalents$1.5B+455%

Total debt$190.2M-33.3%

Total equity$3.4B+146%

Total assets$4.0B+102%

Cash flow

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Operating cash flow-$27.4M+6.2%

CapEx$19.9M-11.9%

Valuation

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Market cap$10.17B+190%

Enterprise value$8.89B+161%

P/E345.8×+166×

P/S7.2×+4.2×

Profitability

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Gross margin22.9%-2.1pp

Operating margin1.7%-0.8pp

Net margin2.1%+0.4pp

FCF margin-9.4%—

Returns & leverage

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Return on equity1.2%-0.2pp

Debt / equity0.1×-0.1×

Current ratio5.6×+2.8×

Where this comes from

Calculated from Kratos Defense & Security Solutions’s reported figures.

−$27.4Mnet cash from operating−$19.9Mcapital expenditures=-$47.3M

The official record: Kratos Defense & Security Solutions’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kratos Defense & Security Solutions's free cash flow?: Kratos Defense & Security Solutions (KTOS) reported free cash flow of -$47.3M in Q1 2026.
How has Kratos Defense & Security Solutions's free cash flow changed year-over-year?: Kratos Defense & Security Solutions's free cash flow increased by 8.7% year-over-year, from -$51.8M to -$47.3M.
What is the long-term trend for Kratos Defense & Security Solutions's free cash flow?: Over 2 years (2022 to 2025), Kratos Defense & Security Solutions's free cash flow has grown at a 39.0% compound annual growth rate (CAGR), from -$71.1M to -$137.4M.