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Other financials

Income statement

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Revenue$371.0M+22.6%
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%
Free cash flow-$47.3M+8.7%

Valuation

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Market cap$10.39B+4.7%
Enterprise value$9.11B-3.2%
P/E353.4×-331×
P/S7.3×-0.8×

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.

The source filing: Kratos Defense & Security Solutions’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001069258-26-000053
Line itemThree Months Ended / March 29, 2026Three Months Ended / March 30, 2025
Cost of service revenues99.375.7
Cost of product sales182.1153.3
Total costs281.4229.0
Gross profit89.673.6
Selling, general and administrative expenses72.357.0
Merger and acquisition expenses1.9
Research and development expenses10.710.0
Operating income4.76.6

Item 1. Financial Statements.

FAQ

What is Kratos Defense & Security Solutions's gross profit?
Kratos Defense & Security Solutions (KTOS) reported gross profit of $89.6M in Q1 2026.
How has Kratos Defense & Security Solutions's gross profit changed year-over-year?
Kratos Defense & Security Solutions's gross profit increased by 21.7% year-over-year, from $73.6M to $89.6M.
What is the long-term trend for Kratos Defense & Security Solutions's gross profit?
Over 4 years (2021 to 2025), Kratos Defense & Security Solutions's gross profit has grown at a 8.1% compound annual growth rate (CAGR), from $225.1M to $307.9M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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