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Kratos Defense & Security Solutions KTOS Service revenues — Total revenues

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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%
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

Reported directly by Kratos Defense & Security Solutions in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Service revenues$134.0$102.4
Product sales237.0200.2
Total revenues371.0302.6
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

Item 1. Financial Statements.

FAQ

What is Kratos Defense & Security Solutions's service revenues — total revenues?
Kratos Defense & Security Solutions (KTOS) reported service revenues — total revenues of $134M in Q1 2026.
How has Kratos Defense & Security Solutions's service revenues — total revenues changed year-over-year?
Kratos Defense & Security Solutions's service revenues — total revenues increased by 30.9% year-over-year, from $102.4M to $134M.
What is the long-term trend for Kratos Defense & Security Solutions's service revenues — total revenues?
Over 4 years (2021 to 2025), Kratos Defense & Security Solutions's service revenues — total revenues has grown at a 20.9% compound annual growth rate (CAGR), from $219.4M to $469M.
What does service revenues — total revenues mean?
This metric represents the total gross income generated specifically from the provision of services within the designated business segment. It captures revenue streams derived from maintenance, support, training, and professional services rather than the sale of physical hardware or products. Tracking this helps investors understand the company's shift toward recurring or service-based business models.

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