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Kratos Defense & Security Solutions KTOS US — Research and development expenses

Other segment segments

Kratos Government Solutions
$9.4M+2.2%

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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:ResearchAndDevelopmentExpense.

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
Three Months Ended March 29, 2026Kratos Government SolutionsUnmanned SystemsTotals
Cost of product sales115.766.4182.1
Total cost of sales212.968.5281.4
Selling, general & administrative expenses45.312.057.3
Research & development expenses9.90.810.7
Total segment operating income20.31.321.6
Reconciliation of segment operating income
Unallocated amounts:
Merger and acquisition related expenses$(1.9)

Item 1. Financial Statements.

FAQ

What is Kratos Defense & Security Solutions's US — research and development expenses?
Kratos Defense & Security Solutions (KTOS) reported US — research and development expenses of $800K in Q1 2026.
How has Kratos Defense & Security Solutions's US — research and development expenses changed year-over-year?
Kratos Defense & Security Solutions's US — research and development expenses increased by 100.0% year-over-year, from $400K to $800K.
What is the long-term trend for Kratos Defense & Security Solutions's US — research and development expenses?
Over 3 years (2022 to 2025), Kratos Defense & Security Solutions's US — research and development expenses has grown at a -28.9% compound annual growth rate (CAGR), from $6.4M to $2.3M.
What does US — research and development expenses mean?
Represents the investment in research and development activities specifically focused on advancing the Unmanned Systems segment's product portfolio. This includes costs for prototyping, testing, and engineering new unmanned aerial and ground technologies. It is a critical indicator of the segment's commitment to innovation and long-term competitive differentiation.

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