Kratos Defense & Security Solutions Inc. (KTOS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
10680 TREENA STREET SAN DIEGO, CA 92131 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 376 - Guided Missiles And Space Vehicles And Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 329,300 | 72,800 | 81,300 | 349,400 | 380,800 | 172,600 | |||
| Cash and cash equivalent | 329,300 | 72,800 | 81,300 | 349,400 | 380,800 | 172,600 | |||
| Restricted cash and investments | 700 | ||||||||
| Receivables | 323,800 | 329,200 | 328,500 | 93,900 | 95,300 | 85,000 | |||
| Inventory, net of allowances, customer advances and progress billings, including: | 162,100 | 156,200 | 125,500 | 91,700 | 81,200 | 61,100 | |||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | 162,100 | 156,200 | 125,500 | 91,700 | 81,200 | 61,100 | |||
| Prepaid expense | 18,000 | 16,000 | 11,900 | 9,800 | 12,000 | 9,400 | |||
| Contract with customer, asset, after allowance for credit loss | 190,800 | 177,000 | 179,400 | ||||||
| Disposal group, including discontinued operation | 3,300 | ||||||||
| Other current assets | 38,900 | 20,000 | 35,400 | 22,500 | 17,800 | 11,400 | |||
| Total current assets: | 872,100 | 594,200 | 582,600 | 758,100 | 764,800 | 522,200 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 37,600 | 45,700 | 47,400 | 38,500 | 42,900 | 42,100 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 116,900 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | 622,700 | 631,500 | 613,400 | 537,100 | 526,900 | 495,100 | |||
| Goodwill | 568,900 | 569,100 | 558,200 | 493,900 | 483,900 | 455,600 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 53,800 | 62,400 | 55,200 | 43,200 | 43,000 | 39,500 | |||
| Other noncurrent assets | 130,300 | 117,500 | 95,000 | 87,500 | 84,400 | 9,700 | |||
| Other undisclosed noncurrent assets | 288,200 | 243,600 | 213,100 | 168,300 | 143,800 | ||||
| Total noncurrent assets: | 1,078,800 | 1,038,300 | 968,900 | 831,400 | 798,000 | 663,800 | |||
| TOTAL ASSETS: | 1,950,900 | 1,632,500 | 1,551,500 | 1,589,500 | 1,562,800 | 1,186,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 120,800 | 98,500 | 91,100 | 126,400 | 139,700 | 125,200 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 1,500 | 1,500 | 1,600 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 47,300 | 48,100 | 37,100 | ||
| Accounts payable | 82,000 | 63,100 | 57,300 | 50,400 | 55,400 | 53,800 | |||
| Accrued liabilities | 38,800 | 35,400 | 33,800 | 27,200 | 34,700 | 32,700 | |||
| Deferred revenue | 76,300 | 58,100 | 34,000 | 34,300 | |||||
| Debt | 1,900 | 1,300 | 1,700 | 1,200 | 900 | 9,900 | |||
| Provision for loss on contracts | 2,900 | 2,000 | 1,200 | 2,800 | 3,600 | ||||
| Disposal group, including discontinued operation | 900 | 900 | 800 | 3,100 | 3,300 | ||||
| Other liabilities | 14,500 | 12,800 | 15,600 | 25,700 | 11,900 | 10,000 | |||
| Other undisclosed current liabilities | 80,300 | 177,000 | 123,700 | 6,100 | 4,400 | ||||
| Total current liabilities: | 296,700 | 292,500 | 234,200 | 221,100 | 197,600 | 182,700 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 239,000 | 219,300 | 250,200 | 329,400 | 339,600 | 332,700 | |||
| Long-term debt, excluding current maturities | 174,600 | 219,300 | 250,200 | 296,700 | 301,000 | 295,100 | |||
| Finance lease, liability | 64,400 | ||||||||
| Liabilities, other than long-term debt | 62,000 | 122,200 | 119,600 | 78,700 | 85,500 | 81,500 | |||
| Disposal group, including discontinued operation, liabilities | 1,100 | 1,400 | 2,500 | 2,500 | 2,800 | ||||
| Other liabilities | 32,200 | 83,300 | 77,400 | 76,200 | 83,000 | 78,700 | |||
| Operating lease, liability | 29,800 | 37,800 | 40,800 | 32,700 | 38,600 | 37,600 | |||
| Total noncurrent liabilities: | 301,000 | 341,500 | 369,800 | 408,100 | 425,100 | 414,200 | |||
| Total liabilities: | 597,700 | 634,000 | 604,000 | 629,200 | 622,700 | 596,900 | |||
| Temporary equity, including noncontrolling interest | 22,500 | 11,200 | 15,200 | 14,800 | 15,000 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 1,353,200 | 976,000 | 936,300 | 945,100 | 925,300 | 574,100 | |||
| Common stock | 200 | ||||||||
| Additional paid in capital | 2,017,400 | 1,654,500 | 1,608,400 | 1,578,900 | 1,556,300 | 1,286,500 | |||
| Accumulated other comprehensive income (loss) | (500) | 1,700 | (800) | 600 | 1,400 | (400) | |||
| Accumulated deficit | (663,900) | (680,200) | (671,300) | (634,400) | (632,400) | (712,000) | |||
| Total equity: | 1,353,200 | 976,000 | 936,300 | 945,100 | 925,300 | 574,100 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,950,900 | 1,632,500 | 1,551,500 | 1,589,500 | 1,562,800 | 1,186,000 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,136,300 | 1,037,100 | 898,300 | 811,500 | 747,700 | 717,500 | ||
| Cost of revenue (Cost of Product and Service Sold) | (849,100) | (768,500) | (672,300) | (586,400) | (544,500) | (527,500) | ||
| Gross profit: | 287,200 | 268,600 | 226,000 | 225,100 | 203,200 | 190,000 | ||
| Operating expenses | (255,000) | (236,600) | (221,800) | (197,200) | (173,200) | (151,100) | ||
| Other undisclosed operating loss | (3,200) | (900) | (6,800) | (700) | (900) | |||
| Operating income (loss): | 29,000 | 31,100 | (2,600) | 27,900 | 29,300 | 38,000 | ||
| Nonoperating income (expense) | (2,500) | (20,000) | (30,100) | (23,500) | (22,500) | (22,300) | ||
| Other nonoperating income (expense) | 500 | 500 | 600 | (100) | 300 | (700) | ||
| Interest and debt expense | (3,300) | (3,100) | (3,000) | (2,700) | (2,600) | (2,500) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,600 | 2,500 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 23,200 | 8,000 | (35,700) | 1,700 | 6,800 | 15,700 | ||
| Other undisclosed income from continuing operations before income taxes | 3,300 | 3,100 | 3,000 | 2,700 | ||||
| Income (loss) from continuing operations before income taxes: | 26,500 | 11,100 | (32,700) | 4,400 | 6,800 | 15,700 | ||
| Income tax expense (benefit) | (10,200) | (8,900) | (1,400) | (3,900) | 73,500 | (4,800) | ||
| Income (loss) from continuing operations: | 16,300 | 2,200 | (34,100) | 500 | 80,300 | 10,900 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,600) | 79,400 | 12,600 | |
| Income (loss) from discontinued operations | 200 | 900 | (2,100) | (900) | 1,700 | |||
| Net income (loss): | 16,300 | 2,400 | (33,200) | (1,600) | 79,400 | 12,600 | ||
| Net income (loss) attributable to noncontrolling interest | (11,300) | (3,700) | (400) | 200 | (100) | |||
| Net income (loss) available to common stockholders, diluted: | 16,300 | (8,900) | (36,900) | (2,000) | 79,600 | 12,500 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 16,300 | 2,400 | (33,200) | (1,600) | 79,400 | 12,600 | ||
| Other comprehensive income (loss) | (2,200) | 2,500 | (1,400) | (800) | 1,800 | 300 | ||
| Comprehensive income (loss): | 14,100 | 4,900 | (34,600) | (2,400) | 81,200 | 12,900 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (11,300) | (3,700) | (400) | 200 | (100) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,100 | (6,400) | (38,300) | (2,800) | 81,400 | 12,800 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.