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Segments

By segment

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Kratos Government Solutions$17M
US$1.3M+176%

Other financials

Income statement

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Revenue$371.0M+22.6%
Gross profit$89.6M+21.7%
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:OperatingIncomeLoss.

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
Selling, general and administrative expenses72.357.0
Merger and acquisition expenses1.9
Research and development expenses10.710.0
Operating income4.76.6
Other income (expense):
Interest income (expense), net4.5(0.9)
Other income (expense), net0.6(0.3)
Total other income (expense), net5.1(1.2)

Item 1. Financial Statements.

FAQ

What is Kratos Defense & Security Solutions's operating income?
Kratos Defense & Security Solutions (KTOS) reported operating income of $4.7M in Q1 2026.
How has Kratos Defense & Security Solutions's operating income changed year-over-year?
Kratos Defense & Security Solutions's operating income decreased by 28.8% year-over-year, from $6.6M to $4.7M.
What is the long-term trend for Kratos Defense & Security Solutions's operating income?
Over 3 years (2021 to 2025), Kratos Defense & Security Solutions's operating income has grown at a -2.8% compound annual growth rate (CAGR), from $27.9M to $25.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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