PerpEquities

Equity

Kratos Defense & Security Solutions, Inc. (KTOS) perpetual futures

KTOS perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade KTOSUSDT.

Kratos Defense & Security Solutions is a US defense contractor serving the Department of Defense, providing government solutions and unmanned systems.

$48.70+0.8%NASDAQ closed
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venue perp mark · Bitget (KTOS/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/2 live markets
Venues
2
Live markets
1/2
24h volume
$54.2K
Open interest
$139.1K
Best liquidity
$344.5K
Bitget
Tightest spread
+112.8 bps
Bitget
Highest volume
$54.2K
Bitget
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $134.9M
OI / float
0.00%
Float $9B
Spot performance
1D+0.79%
5D-1.15%
1M-20.68%
6M-44.60%
YTD-36.50%
1Y-24.85%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeKTOS/USDTTrading$48.700.0% APR
0.000% every 8h
+112.8 bps$344.5K$54.2K$139.1KUSDT20x
BingXTradeKTOS-USDTPlanned------USDT-

Tradability

Execution quality

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

KTOS

Tightest spread

KTOS

Highest volume

KTOS

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$9B
Updated 3h ago
Revenue
$1.5B
Trailing 12 months
Revenue growth
+33%
Next fiscal year
Profit margin
+2.0%
P/E
280.4
Peer P/E -8.5
Free cash flow
-$128.9M
Trailing 12 months
More metrics
Net income
$30.9M
Trailing 12 months
P/S
5.9
Peer P/E
-8.5
Similar listed perps
Revenue estimate
$1.8B
Next fiscal year
Earnings
2026-11-03
Revenue est. $469.6M · Updated 3h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$1.3B
Net margin+1.6%
Free cash flow-$137.4M
Net debt-$414.8M
2020$747.7M
2021$811.5M
2022$898.3M
2023$1B
2024$1.1B
2025$1.3B
PeriodRevenueGrowthNet incomeFCF
2020$747.7M+4%$79.6M$10.7M
2021$811.5M+9%-$2M-$15.7M
2022$898.3M+11%-$36.9M-$71.1M
2023$1B+15%-$8.9M$12.8M
2024$1.1B+10%$16.3M-$8.5M
2025$1.3B+19%$22M-$137.4M
PeriodGross marginOperating marginNet marginROEROA
2020+27.2%+3.9%+10.6%+8.6%+5.1%
2021+27.7%+3.4%-0.2%-0.2%-0.1%
2022+25.2%-0.3%-4.1%-3.9%-2.4%
2023+25.9%+3.0%-0.9%-0.9%-0.5%
2024+25.3%+2.6%+1.4%+1.2%+0.8%
2025+22.1%+2.1%+1.6%+1.1%+0.9%
PeriodCashDebtNet debtCurrent ratio
2020$380.8M$348.5M-$32.3M3.87
2021$349.4M$339.5M-$9.9M3.43
2022$81.3M$301.8M$220.5M2.49
2023$72.8M$321.4M$248.6M2.03
2024$329.3M$282M-$47.3M2.94
2025$560.6M$145.8M-$414.8M4.06
PeriodMarket capEnterprise valueP/SP/E
2020$3.2B$3.1B4.239.8
2021$2.4B$2.4B3.0-970.0
2022$1.3B$1.5B1.5-35.6
2023$2.6B$2.9B2.6-289.9
2024$4B$3.9B3.5241.1
2025$13.3B$12.9B9.9595.9
Q3 2024$275.9M
Q4 2024$283.1M
Q1 2025$302.6M
Q2 2025$351.5M
Q3 2025$347.6M
Q4 2025$345.1M
Q1 2026$371M
Q2 2026$458.8M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$275.9M0%$3.2M-$9.2M
Q4 2024$283.1M+3%$3.9M$32M
Q1 2025$302.6M+9%$4.5M-$51.8M
Q2 2025$351.5M+17%$2.9M-$32.2M
Q3 2025$347.6M+26%$8.7M-$41.3M
Q4 2025$345.1M+22%$5.9M-$12.1M
Q1 2026$371M+23%$11.9M-$48.4M
Q2 2026$458.8M+31%$4.4M-$27.1M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+25.1%+2.4%+1.2%+0.2%+0.2%
Q4 2024+24.7%+1.1%+1.4%+0.3%+0.2%
Q1 2025+24.3%+2.2%+1.5%+0.3%+0.2%
Q2 2025+21.0%+1.1%+0.8%+0.1%+0.1%
Q3 2025+22.2%+2.0%+2.5%+0.4%+0.4%
Q4 2025+21.4%+3.0%+1.7%+0.3%+0.2%
Q1 2026+22.6%+2.1%+3.2%+0.3%+0.3%
Q2 2026+21.8%-0.3%+1.0%+0.1%+0.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$301.5M$220.8M-$80.7M3.22
Q4 2024$329.3M$282M-$47.3M2.94
Q1 2025$263.7M$283.2M$19.5M2.84
Q2 2025$783.6M$279.3M-$504.3M4.43
Q3 2025$565.9M$134.3M-$431.6M4.30
Q4 2025$560.6M$145.8M-$414.8M4.06
Q1 2026$1.5B$185.4M-$1.3B5.63
Q2 2026$1.4B$193.6M-$1.2B5.54
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$3.6B$3.5B12.9291.3
Q4 2024$4B$4B14.2219.8
Q1 2025$4.6B$4.6B15.1247.4
Q2 2025$7.2B$6.7B20.6580.6
Q3 2025$15.2B$14.8B43.8440.4
Q4 2025$13.2B$12.8B38.3559.8
Q1 2026$11.5B$10.3B31.1242.5
Q2 2026$8.9B$7.6B19.3586.9
Historical value series
Revenue
Q3 2023: $274.6MQ4 2023: $273.8MQ1 2024: $277.2MQ2 2024: $300.1MQ3 2024: $275.9MQ4 2024: $283.1MQ1 2025: $302.6MQ2 2025: $351.5MQ3 2025: $347.6MQ4 2025: $345.1MQ1 2026: $371MQ2 2026: $458.8MQ3 2023Q2 2026
Net income
Q3 2023: -$1.6MQ4 2023: $2.4MQ1 2024: $1.3MQ2 2024: $7.9MQ3 2024: $3.2MQ4 2024: $3.9MQ1 2025: $4.5MQ2 2025: $2.9MQ3 2025: $8.7MQ4 2025: $5.9MQ1 2026: $11.9MQ2 2026: $4.4MQ3 2023Q2 2026
EBITDA
Q3 2023: $23.1MQ4 2023: $26MQ1 2024: $19.1MQ2 2024: $26.1MQ3 2024: $18.9MQ4 2024: $29.6MQ1 2025: $19.7MQ2 2025: $19.4MQ3 2025: $23.8MQ4 2025: $31.3MQ1 2026: $34.5MQ2 2026: $28.9MQ3 2023Q2 2026
Free cash flow
Q3 2023: -$14.3MQ4 2023: $48.1MQ1 2024: -$15.9MQ2 2024: -$15.4MQ3 2024: -$9.2MQ4 2024: $32MQ1 2025: -$51.8MQ2 2025: -$32.2MQ3 2025: -$41.3MQ4 2025: -$12.1MQ1 2026: -$48.4MQ2 2026: -$27.1MQ3 2023Q2 2026
EPS
Q3 2023: -$0.01Q4 2023: $0.02Q1 2024: $0.01Q2 2024: $0.05Q3 2024: $0.02Q4 2024: $0.03Q1 2025: $0.03Q2 2025: $0.02Q3 2025: $0.05Q4 2025: $0.03Q1 2026: $0.07Q2 2026: $0.02Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $42.2MQ3 2023 · Debt: $289.3MQ4 2023 · Cash: $72.8MQ4 2023 · Debt: $321.4MQ1 2024 · Cash: $338.9MQ1 2024 · Debt: $226.3MQ2 2024 · Cash: $308.2MQ2 2024 · Debt: $225.3MQ3 2024 · Cash: $301.5MQ3 2024 · Debt: $220.8MQ4 2024 · Cash: $329.3MQ4 2024 · Debt: $282MQ1 2025 · Cash: $263.7MQ1 2025 · Debt: $283.2MQ2 2025 · Cash: $783.6MQ2 2025 · Debt: $279.3MQ3 2025 · Cash: $565.9MQ3 2025 · Debt: $134.3MQ4 2025 · Cash: $560.6MQ4 2025 · Debt: $145.8MQ1 2026 · Cash: $1.5BQ1 2026 · Debt: $185.4MQ2 2026 · Cash: $1.4BQ2 2026 · Debt: $193.6MQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +26.7%Q4 2023 · Gross margin: +26.3%Q1 2024 · Gross margin: +25.6%Q2 2024 · Gross margin: +25.7%Q3 2024 · Gross margin: +25.1%Q4 2024 · Gross margin: +24.7%Q1 2025 · Gross margin: +24.3%Q2 2025 · Gross margin: +21.0%Q3 2025 · Gross margin: +22.2%Q4 2025 · Gross margin: +21.4%Q1 2026 · Gross margin: +22.6%Q2 2026 · Gross margin: +21.8%Q3 2023 · Operating margin: +4.4%Q4 2023 · Operating margin: +4.3%Q1 2024 · Operating margin: +2.5%Q2 2024 · Operating margin: +4.2%Q3 2024 · Operating margin: +2.4%Q4 2024 · Operating margin: +1.1%Q1 2025 · Operating margin: +2.2%Q2 2025 · Operating margin: +1.1%Q3 2025 · Operating margin: +2.0%Q4 2025 · Operating margin: +3.0%Q1 2026 · Operating margin: +2.1%Q2 2026 · Operating margin: -0.3%Q3 2023 · Net margin: -0.6%Q4 2023 · Net margin: +0.9%Q1 2024 · Net margin: +0.5%Q2 2024 · Net margin: +2.6%Q3 2024 · Net margin: +1.2%Q4 2024 · Net margin: +1.4%Q1 2025 · Net margin: +1.5%Q2 2025 · Net margin: +0.8%Q3 2025 · Net margin: +2.5%Q4 2025 · Net margin: +1.7%Q1 2026 · Net margin: +3.2%Q2 2026 · Net margin: +1.0%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q3 2024: +0.5%Q4 2024: +3.4%Q1 2025: +9.2%Q2 2025: +17.1%Q3 2025: +26.0%Q4 2025: +21.9%Q1 2026: +22.6%Q2 2026: +30.5%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 129.6MQ4 2023: 134.4MQ1 2024: 141.5MQ2 2024: 153.5MQ3 2024: 154.1MQ4 2024: 154.7MQ1 2025: 156.2MQ2 2025: 157.4MQ3 2025: 172.9MQ4 2025: 173.2MQ1 2026: 179.4MQ2 2026: 190.1MQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: -376.8Q4 2023 · P/E: 253.6Q1 2024 · P/E: 459.0Q2 2024 · P/E: 98.7Q3 2024 · P/E: 291.3Q4 2024 · P/E: 219.8Q1 2025 · P/E: 247.4Q2 2025 · P/E: 580.6Q3 2025 · P/E: 440.4Q4 2025 · P/E: 559.8Q1 2026 · P/E: 242.5Q2 2026 · P/E: 586.9Q3 2023 · P/S: 7.1Q4 2023 · P/S: 9.8Q1 2024 · P/S: 9.2Q2 2024 · P/S: 10.0Q3 2024 · P/S: 12.9Q4 2024 · P/S: 14.2Q1 2025 · P/S: 15.1Q2 2025 · P/S: 20.6Q3 2025 · P/S: 43.8Q4 2025 · P/S: 38.3Q1 2026 · P/S: 31.1Q2 2026 · P/S: 19.3Q3 2023Q2 2026
P/EP/S
Revenue
2018: $618M2019: $717.5M2020: $747.7M2021: $811.5M2022: $898.3M2023: $1B2024: $1.1B2025: $1.3B20182025
Net income
2018: -$3.5M2019: $12.5M2020: $79.6M2021: -$2M2022: -$36.9M2023: -$8.9M2024: $16.3M2025: $22M20182025
EBITDA
2018: $48.1M2019: $74.3M2020: $64.4M2021: $62.8M2022: $26.2M2023: $77.5M2024: $93.6M2025: $103.8M20182025
Free cash flow
2018: -$4.5M2019: $3.7M2020: $10.7M2021: -$15.7M2022: -$71.1M2023: $12.8M2024: -$8.5M2025: -$137.4M20182025
EPS
2018: -$0.032019: $0.112020: $0.672021: -$0.022022: -$0.292023: -$0.072024: $0.112025: $0.1320182025
Cash / Debt
2018 · Cash: $182.7M2018 · Debt: $294.2M2019 · Cash: $172.6M2019 · Debt: $342.6M2020 · Cash: $380.8M2020 · Debt: $348.5M2021 · Cash: $349.4M2021 · Debt: $339.5M2022 · Cash: $81.3M2022 · Debt: $301.8M2023 · Cash: $72.8M2023 · Debt: $321.4M2024 · Cash: $329.3M2024 · Debt: $282M2025 · Cash: $560.6M2025 · Debt: $145.8M20182025
CashDebt
Profitability
2018 · Gross margin: +27.5%2019 · Gross margin: +26.5%2020 · Gross margin: +27.2%2021 · Gross margin: +27.7%2022 · Gross margin: +25.2%2023 · Gross margin: +25.9%2024 · Gross margin: +25.3%2025 · Gross margin: +22.1%2018 · Operating margin: +4.9%2019 · Operating margin: +5.3%2020 · Operating margin: +3.9%2021 · Operating margin: +3.4%2022 · Operating margin: -0.3%2023 · Operating margin: +3.0%2024 · Operating margin: +2.6%2025 · Operating margin: +2.1%2018 · Net margin: -0.6%2019 · Net margin: +1.7%2020 · Net margin: +10.6%2021 · Net margin: -0.2%2022 · Net margin: -4.1%2023 · Net margin: -0.9%2024 · Net margin: +1.4%2025 · Net margin: +1.6%20182025
Gross marginOperating marginNet margin
Revenue growth
2019: +16.1%2020: +4.2%2021: +8.5%2022: +10.7%2023: +15.5%2024: +9.6%2025: +18.5%20182025
Shares outstanding
2018: 106.1M2019: 109.2M2020: 118.7M2021: 128M2022: 126.7M2023: 130.4M2024: 150.9M2025: 173.1M20182025
Valuation
2018 · P/E: -418.12019 · P/E: 150.12020 · P/E: 39.82021 · P/E: -970.02022 · P/E: -35.62023 · P/E: -289.92024 · P/E: 241.12025 · P/E: 595.92018 · P/S: 2.42019 · P/S: 2.72020 · P/S: 4.22021 · P/S: 3.02022 · P/S: 1.52023 · P/S: 2.62024 · P/S: 3.52025 · P/S: 9.920182025
P/EP/S

Refreshed 3h ago

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $469.6M · Updated 3h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.84$1.8B+33%12
FY 20271.13$2.2B+64%14
FY 20281.45$2.7B+99%9
FY 20292.12$3.1B+128%6
FY 20302.52$3.6B+166%7
Q1 20270.22$475.1M+28%4

Company events

6
2026-11-03EarningsActual - / Estimate 0.21-
2026-08-04EarningsActual 0.21 / Estimate 0.14Beat
2026-05-06EarningsActual 0.16 / Estimate 0.13Beat
2026-02-23EarningsActual 0.18 / Estimate 0.16Beat
2025-11-04EarningsActual 0.14 / Estimate 0.13Beat
2025-08-07EarningsActual 0.11 / Estimate 0.1Beat

Peer comparison

Similar listed perps

Frequently asked questions

Where can I trade KTOS perpetual futures?

Kratos Defense & Security Solutions, Inc. (KTOS) perpetual futures trade on 1 crypto venues, including Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade KTOS around the clock?

Yes. Unlike the underlying stock, KTOS perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on KTOS perpetuals?

Right now the KTOS perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the KTOS perp price compare to the Kratos Defense & Security Solutions, Inc. stock?

The venue-median KTOS perp mark is $48.7 versus a reference stock price of $48.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a KTOS perpetual future?

A KTOS perpetual is a derivative that tracks the price of Kratos Defense & Security Solutions, Inc. with no expiry date. It lets you take long or short exposure to Kratos Defense & Security Solutions, Inc. on crypto venues, around the clock.

What is KTOSUSDT perpetual?

KTOSUSDT is the symbol most crypto exchanges use for the Kratos Defense & Security Solutions, Inc. perpetual settled in USDT (Tether). It tracks the KTOS share price through an index, trades 24/7 with leverage and never expires.

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