Kratos Defense & Security Solutions, Inc. (KTOS) income statement
NASDAQ · Industrials · Aerospace & Defense · 4,300 employees · CEO Eric DeMarco
- Price
- $41.09 -5.74%
- Market cap
- $7.71B
- Enterprise value
- $6.47B
- Last report
- Q2 '26 filed 2026-08-04
- Next report
- 2026-11-05 EPS est. $0.21
Kratos Defense & Security Solutions, Inc. (KTOS) reported revenue of $459M for Q2 '26 (+30.5% year on year), operating income of -$1.6M (-0.3% of revenue) and net income of $4.4M. Over the last four quarters revenue was $1.52B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $275M | $274M | $277M | $300M | $276M | $283M | $303M | $352M | $348M | $345M | $371M | $459M | |
| Cost of revenue | $201M | $202M | $206M | $223M | $207M | $213M | $229M | $278M | $271M | $271M | $287M | $359M | |
| Gross profit | $73.4M | $71.9M | $71M | $77.2M | $69.2M | $69.8M | $73.6M | $73.8M | $77.1M | $73.8M | $83.8M | $100M | |
| Research & development | $10.3M | $8M | $9.6M | $10.2M | $9.9M | $10.6M | $10M | $10.2M | $10M | $9.8M | $10.7M | $13.6M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $87.3M | |
| Other operating expenses | $0 | $400K | $0 | $0 | $200K | $3.7M | $0 | $0 | $200K | -$3.3M | $2.7M | $800K | |
| Operating expenses | $61.2M | $60.2M | $64M | $64.7M | $62.7M | $66.8M | $67M | $70.1M | $70M | $63.5M | $76.1M | $102M | |
| Operating income | $12.2M | $11.7M | $7M | $12.5M | $6.5M | $3M | $6.6M | $3.7M | $7.1M | $10.3M | $7.7M | -$1.6M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.6M | $3.3M | $0 | $10.2M | |
| Interest expense | $5.1M | $5.8M | $2.8M | $300K | $0 | $12.5M | $900K | $1.5M | $0 | $0 | $4.5M | $0 | |
| Other non-operating income (gains on investments, FX ...) | $300K | -$2.1M | $200K | -$200K | $700K | -$13.5M | $300K | -$900K | -$4.8M | -$1.8M | -$6.6M | -$8.6M | |
| Total non-operating income | -$5.4M | -$4.1M | -$3M | $200K | -$700K | $1M | -$1.2M | $900K | $4.8M | $1.8M | $2.1M | $8.6M | |
| Income before tax | $6.8M | $7.6M | $4M | $12.7M | $5.8M | $4M | $5.4M | $4.6M | $11.9M | $12.1M | $9.8M | $7M | |
| Income tax | $3.8M | $2M | $2.7M | $4.8M | $2.6M | $100K | $900K | $1.7M | $3.2M | $6.2M | -$2.1M | $2.6M | |
| Net income | -$1.6M | $2.4M | $1.3M | $7.9M | $3.2M | $3.9M | $4.5M | $2.9M | $8.7M | $5.9M | $11.9M | $4.4M | |
| EPS (basic) | -$0.01 | $0.02 | $0.01 | $0.05 | $0.02 | $0.03 | $0.03 | $0.02 | $0.05 | $0.03 | $0.07 | $0.02 | |
| EPS (diluted) | -$0.01 | $0.02 | $0.01 | $0.05 | $0.02 | $0.03 | $0.03 | $0.02 | $0.05 | $0.03 | $0.07 | $0.02 | |
| Shares (basic, weighted) | 130M | 132M | 140M | 152M | 153M | 153M | 154M | 156M | 173M | 171M | 177M | 189M | |
| Shares (diluted, weighted) | 130M | 134M | 142M | 154M | 154M | 155M | 156M | 157M | 173M | 173M | 179M | 190M | |
| Depreciation & amortization | $11.2M | $12.2M | $12.3M | $13.4M | $13.1M | $13.1M | $13.4M | $14.8M | $14.9M | $16.2M | $20.2M | $22.1M | |
| EBITDA | $23.1M | $26M | $19.1M | $26.1M | $18.9M | $29.6M | $19.7M | $19.4M | $26.8M | $28.3M | $34.5M | $29.1M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $669M | $752M | $618M | $718M | $748M | $812M | $898M | $1.04B | $1.14B | $1.35B | |
| Cost of revenue | $515M | $555M | $448M | $528M | $545M | $586M | $672M | $769M | $849M | $1.05B | |
| Gross profit | $154M | $197M | $170M | $190M | $203M | $225M | $226M | $269M | $287M | $298M | |
| Research & development | $13.9M | $17.8M | $15.6M | $18M | $27M | $35.2M | $38.6M | $38.4M | $40.3M | $40M | |
| Other operating expenses | $800K | $900K | -$1M | $3.2M | $2.4M | $1.8M | $7.5M | $1.3M | $3.9M | $0 | |
| Operating expenses | $160M | $178M | $135M | $152M | $174M | $197M | $229M | $238M | $258M | $271M | |
| Operating income | -$18.6M | -$5.8M | $30.5M | $38M | $29.3M | $27.9M | -$2.9M | $31.1M | $29M | $27.7M | |
| Interest income | $0 | $500K | $800K | $1.9M | $800K | $300K | $600K | $1.2M | $12.2M | $15.5M | |
| Interest expense | $34.7M | $29.1M | $21.6M | $23.5M | $23.6M | $23.7M | $18.3M | $21.7M | $15.2M | $10.5M | |
| Other non-operating income (gains on investments, FX ...) | -$900K | $16M | $200K | -$1.2M | -$1.1M | -$200K | $11.8M | -$1.7M | -$12.7M | -$16.8M | |
| Total non-operating income | -$34.3M | -$45.1M | -$21.8M | -$22.3M | -$22.5M | -$23.5M | -$30.1M | -$20M | -$2.5M | $6.3M | |
| Income before tax | -$52.3M | -$50.8M | $8.7M | $15.7M | $6.8M | $4.4M | -$33M | $11.1M | $26.5M | $34M | |
| Income tax | $8.1M | -$8.2M | $4.6M | $4.8M | -$73.5M | $3.9M | $200K | $8.7M | $10.2M | $12M | |
| Net income | -$60.5M | -$42.7M | -$3.5M | $12.5M | $79.6M | -$2M | -$36.9M | -$8.9M | $16.3M | $22M | |
| EPS (basic) | -$0.99 | -$0.48 | -$0.03 | $0.12 | $0.69 | -$0.02 | -$0.29 | -$0.07 | $0.11 | $0.13 | |
| EPS (diluted) | -$0.99 | -$0.48 | -$0.03 | $0.11 | $0.67 | -$0.02 | -$0.29 | -$0.07 | $0.11 | $0.13 | |
| Shares (basic, weighted) | 61.3M | 89.5M | 104M | 106M | 116M | 125M | 127M | 130M | 149M | 172M | |
| Shares (diluted, weighted) | 61.3M | 89.5M | 106M | 109M | 119M | 128M | 127M | 130M | 151M | 173M | |
| Depreciation & amortization | $22.8M | $22.2M | $17.9M | $35.1M | $34M | $34.7M | $40.9M | $44.7M | $51.9M | $59.3M | |
| EBITDA | $5.2M | -$5.8M | $48.2M | $74.3M | $64.4M | $62.8M | $26.2M | $77.5M | $93.6M | $104M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-28, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-29, 10-Q 2024-09-29, 10-Q 2024-06-30
Data as of 2026-11-02