Kratos Defense & Security Solutions, Inc. (KTOS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 371M | 345.1M | 347.6M | 351.5M | 302.6M | 283.1M | 275.9M | 300.1M | 277.2M | 273.8M | 274.6M | 256.9M | 231.8M | 249.3M | 228.6M | 224.2M | 196.2M | 211.6M | 200.6M | 205.1M |
| Revenue Growth % | 22.6% | 21.9% | 25.99% | 17.13% | 9.16% | 3.4% | 0.47% | 16.82% | 19.59% | 9.83% | 20.12% | 14.59% | 18.14% | 17.82% | 13.96% | 9.31% | 1.03% | 2.52% | -0.69% | 20.36% |
| Cost of Goods Sold | 336.3M | 271.3M | 270.5M | 277.7M | 229M | 213.3M | 206.7M | 222.9M | 206.2M | 201.9M | 201.2M | 193M | 172.4M | 187.9M | 173.7M | 166.4M | 144.3M | 150.1M | 140M | 153.1M |
| COGS % of Revenue | 90.65% | 78.61% | 77.82% | 79% | 75.68% | 75.34% | 74.92% | 74.28% | 74.39% | 73.74% | 73.27% | 75.13% | 74.37% | 75.37% | 75.98% | 74.22% | 73.55% | 70.94% | 69.79% | 74.65% |
| Gross Profit | 34.7M | 73.8M | 77.1M | 73.8M | 73.6M | 69.8M | 69.2M | 77.2M | 71M | 71.9M | 73.4M | 63.9M | 59.4M | 61.4M | 54.9M | 57.8M | 51.9M | 61.5M | 60.6M | 52M |
| Gross Margin % | 9.35% | 21.39% | 22.18% | 21% | 24.32% | 24.66% | 25.08% | 25.72% | 25.61% | 26.26% | 26.73% | 24.87% | 25.63% | 24.63% | 24.02% | 25.78% | 26.45% | 29.06% | 30.21% | 25.35% |
| Gross Profit Growth % | -52.85% | 5.73% | 11.42% | -4.4% | 3.66% | -2.92% | -5.72% | 20.81% | 19.53% | 17.1% | 33.7% | 10.55% | 14.45% | -0.16% | -9.41% | 11.15% | 1.76% | 13.26% | 6.13% | 13.04% |
| Operating Expenses | 73.4M | 63.5M | 70M | 70.1M | 67M | 66.8M | 62.7M | 64.7M | 64M | 60.2M | 61.2M | 57.2M | 58.9M | 57.3M | 58.5M | 59.7M | 53.1M | 52.3M | 50.1M | 48.7M |
| OpEx % of Revenue | 19.78% | 18.4% | 20.14% | 19.94% | 22.14% | 23.6% | 22.73% | 21.56% | 23.09% | 21.99% | 22.29% | 22.27% | 25.41% | 22.98% | 25.59% | 26.63% | 27.06% | 24.72% | 24.98% | 23.74% |
| Selling, General & Admin | 62.7M | 57M | 59.8M | 59.9M | 57M | 52.5M | 52.6M | 54.5M | 54.4M | 51.8M | 50.9M | 47.3M | 47.8M | 46.2M | 48.5M | 44.5M | 43.3M | 42.3M | 41.8M | 38.2M |
| SG&A % of Revenue | 16.9% | 16.52% | 17.2% | 17.04% | 18.84% | 18.54% | 19.06% | 18.16% | 19.62% | 18.92% | 18.54% | 18.41% | 20.62% | 18.53% | 21.22% | 19.85% | 22.07% | 19.99% | 20.84% | 18.63% |
| Research & Development | 10.7M | 9.8M | 10M | 10.2M | 10M | 10.6M | 9.9M | 10.2M | 9.6M | 8M | 10.3M | 9.9M | 10.2M | 10.6M | 9.6M | 9.2M | 9.2M | 9M | 8M | 10.2M |
| R&D % of Revenue | 2.88% | 2.84% | 2.88% | 2.9% | 3.3% | 3.74% | 3.59% | 3.4% | 3.46% | 2.92% | 3.75% | 3.85% | 4.4% | 4.25% | 4.2% | 4.1% | 4.69% | 4.25% | 3.99% | 4.97% |
| Other Operating Expenses | 0 | -1000K | 200K | 0 | 0 | 1000K | 200K | 0 | 0 | 400K | 0 | 0 | 900K | 500K | 400K | 1000K | 600K | 1000K | 300K | 300K |
| Operating Income | 4.7M | 10.3M | 7.1M | 3.7M | 6.6M | 3M | 6.5M | 12.5M | 7M | 11.7M | 12.2M | 6.7M | 500K | 4.1M | -3.6M | -1.9M | -1.2M | 9.2M | 10.5M | 3.3M |
| Operating Margin % | 1.27% | 2.98% | 2.04% | 1.05% | 2.18% | 1.06% | 2.36% | 4.17% | 2.53% | 4.27% | 4.44% | 2.61% | 0.22% | 1.64% | -1.57% | -0.85% | -0.61% | 4.35% | 5.23% | 1.61% |
| Operating Income Growth % | -28.79% | 243.33% | 9.23% | -70.4% | -5.71% | -74.36% | -46.72% | 86.57% | 1300% | 185.37% | 438.89% | 452.63% | 141.67% | -55.43% | -134.29% | -157.58% | -124.49% | -2.13% | -17.32% | 13.79% |
| EBITDA | 4.7M | 29.5M | 19M | 18.5M | 20M | 16.1M | 19.6M | 25.9M | 19.3M | 23.9M | 23.4M | 17.4M | 11.1M | 14.4M | 7.8M | 7.7M | 8.4M | 17.8M | 18.8M | 12.6M |
| EBITDA Margin % | 1.27% | 8.55% | 5.47% | 5.26% | 6.61% | 5.69% | 7.1% | 8.63% | 6.96% | 8.73% | 8.52% | 6.77% | 4.79% | 5.78% | 3.41% | 3.43% | 4.28% | 8.41% | 9.37% | 6.14% |
| EBITDA Growth % | -76.5% | 83.23% | -3.06% | -28.57% | 3.63% | -32.64% | -16.24% | 48.85% | 73.87% | 65.97% | 200% | 125.97% | 32.14% | -19.1% | -58.51% | -38.89% | -37.31% | 1.14% | -10.05% | 11.5% |
| D&A (Non-Cash Add-back) | 0 | 19.2M | 11.9M | 14.8M | 13.4M | 13.1M | 13.1M | 13.4M | 12.3M | 12.2M | 11.2M | 10.7M | 10.6M | 10.3M | 11.4M | 9.6M | 9.6M | 8.6M | 8.3M | 9.3M |
| EBIT | 0 | 12.1M | 11.9M | 3.7M | 6.3M | 16.5M | 5.8M | 12.5M | 6.8M | 13.8M | 11.9M | 6.7M | 200K | 6.3M | -4.7M | -1.9M | -14.1M | 9.2M | 10.5M | 3.3M |
| Net Interest Income | -4.5M | 3.3M | 4.6M | 0 | -900K | -12.5M | 0 | 0 | -2.8M | -5.8M | -5.1M | -5.1M | -5.3M | -4.8M | -4.1M | -2.9M | -5.9M | -5.9M | -5.9M | -5.7M |
| Interest Income | 0 | 3.3M | 4.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4.5M | 0 | 0 | 0 | 900K | 12.5M | 0 | 0 | 2.8M | 5.8M | 5.1M | 5.1M | 5.3M | 4.8M | 4.1M | 2.9M | 5.9M | 5.9M | 5.9M | 5.7M |
| Other Income/Expense | 5.1M | 1.8M | 4.8M | 900K | -1.2M | 1M | -700K | 200K | -3M | -4.1M | -5.4M | -4.9M | -5.6M | -3.2M | -5.2M | -2.9M | -18.8M | -6.2M | -5.9M | -5.7M |
| Pretax Income | 9.8M | 12.1M | 11.9M | 4.6M | 5.4M | 4M | 5.8M | 12.7M | 4M | 7.6M | 6.8M | 1.8M | -5.1M | 900K | -8.8M | -4.8M | -20M | 3M | 4.6M | -2.4M |
| Pretax Margin % | 2.64% | 3.51% | 3.42% | 1.31% | 1.78% | 1.41% | 2.1% | 4.23% | 1.44% | 2.78% | 2.48% | 0.7% | -2.2% | 0.36% | -3.85% | -2.14% | -10.19% | 1.42% | 2.29% | -1.17% |
| Income Tax | -2.1M | 6.2M | 3.2M | 1.7M | 900K | 100K | 2.6M | 4.8M | 2.7M | 2M | 3.8M | 2.2M | 700K | 6M | -800K | 500K | -4.3M | 4.5M | 5.7M | -3.6M |
| Effective Tax Rate % | -21.43% | 51.24% | 26.89% | 36.96% | 16.67% | 2.5% | 44.83% | 37.8% | 67.5% | 26.32% | 55.88% | 122.22% | -13.73% | 666.67% | 9.09% | -10.42% | 21.5% | 150% | 123.91% | 150% |
| Net Income | 11.9M | 5.9M | 8.7M | 2.9M | 4.5M | 3.9M | 3.2M | 7.9M | 1.3M | 2.4M | -1.6M | -2.7M | -7M | -8.3M | -8M | -4.7M | -15.9M | -2.6M | -2.4M | 1.1M |
| Net Margin % | 3.21% | 1.71% | 2.5% | 0.83% | 1.49% | 1.38% | 1.16% | 2.63% | 0.47% | 0.88% | -0.58% | -1.05% | -3.02% | -3.33% | -3.5% | -2.1% | -8.1% | -1.23% | -1.2% | 0.54% |
| Net Income Growth % | 164.44% | 51.28% | 171.88% | -63.29% | 246.15% | 62.5% | 300% | 392.59% | 118.57% | 128.92% | 80% | 42.55% | 55.97% | -219.23% | -233.33% | -527.27% | -936.84% | -103.33% | -200% | 257.14% |
| Net Income (Continuing) | 11.9M | 5.9M | 8.7M | 2.9M | 4.5M | 3.9M | 3.2M | 7.9M | 1.3M | 5.6M | 3M | -400K | -5.8M | -5.1M | -8M | -5.3M | -15.7M | -1.5M | -1.1M | 1.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200K | 0 | 200K | 0 | 900K | -200K | -1000K | -800K | -300K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.5M | 22.5M | 19.3M | 14.7M | 12.4M | 11.2M | 7.8M | 7.8M | 15.2M | 15.2M | 15.1M | 14.6M |
| EPS (Diluted) | 0.07 | 0.03 | 0.05 | 0.02 | 0.03 | 0.03 | 0.02 | 0.05 | 0.01 | 0.02 | -0.01 | -0.02 | -0.05 | -0.07 | -0.06 | -0.04 | -0.12 | -0.02 | -0.02 | 0.01 |
| EPS Growth % | 133.33% | 13.67% | 150% | -60% | 200% | 50% | 300% | 350% | 120% | 128.57% | 83.33% | 50% | 58.33% | -250% | -200% | -500% | -1300% | -103.23% | -200% | 200% |
| EPS (Basic) | 0.07 | 0.03 | 0.05 | 0.02 | 0.03 | 0.03 | 0.02 | 0.05 | 0.01 | 0.02 | -0.01 | -0.02 | -0.05 | -0.07 | -0.06 | -0.04 | -0.12 | -0.02 | -0.02 | 0.01 |
| Diluted Shares Outstanding | 179.4M | 173.2M | 172.9M | 157.4M | 156.2M | 154.7M | 154.1M | 153.5M | 141.5M | 134.4M | 129.6M | 129.1M | 128.1M | 127.3M | 127.2M | 126.4M | 125.9M | 124.9M | 124.9M | 127.7M |
| Basic Shares Outstanding | 176.8M | 170.5M | 174M | 155.7M | 154.2M | 152.7M | 152.6M | 151.8M | 139.6M | 132.1M | 129.6M | 129.1M | 128.1M | 127.3M | 127.2M | 126.4M | 125.9M | 124.9M | 124.9M | 124.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |