Kratos Defense & Security Solutions, Inc. (KTOS) Financials
Key financial figures for Kratos Defense & Security Solutions, Inc. (Q3 2026).
Kratos Q3 2026 revenue rose 35.7% to $471.8M (23.2% organic) on a 2.2x book-to-bill, with Adjusted EBITDA of $50.9M and a GAAP net loss of $0.2M. Revenue was $471.8M, up 35.7% from $347.6M (23.2% organic). Kratos Government Solutions revenue was $397.2M, up 52.5% (35.8% organic); Unmanned Systems revenue was $74.6M versus $87.2M a year earlier, a quarter that included $16.1M from a Valkyrie shipment to an international customer. Adjusted EBITDA was $50.9M (10.8% margin) versus $30.8M, and Adjusted EPS was $0.24 versus $0.14. On a GAAP basis the company posted an operating loss of $4.9M, a net loss of $0.2M and EPS of $0.00 versus $0.05, after $18.1M of stock compensation and $23.3M of non-cash amortization. On the outlook: Full year 2026: revenue $1,780M-$1,810M (August range: $1,750M-$1,810M), Adjusted EBITDA $176M-$180M (August: $173M-$176M), operating income $2M-$7M (August: $16M-$22M), free cash flow use $110M-$120M (August: $85M-$105M). Fourth quarter 2026: revenue $480M-$510M, Adjusted EBITDA $48M-$52M, operating income $1M-$4M. Initial full year 2027 forecast: revenue $2,100M-$2,200M and Adjusted EBITDA $230M-$240M, assuming a continuing resolution into the first fiscal quarter of 2027. Figures are for Q3 2026, as Kratos Defense and Security Soluti reported them.
- Revenue
- $472M
- Net Income
- -$200K
- EPS
- $-0.00
- Total Assets
- $4.2B
- Operating Cash Flow
- -$5M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $472M | -$200K | -$0.00 | -1.04% | -$35M |
| Q2 FY2026 | $459M | $4M | $0.02 | -0.35% | -$27M |
| Q1 FY2026 | $371M | $12M | $0.07 | 2.08% | -$48M |
| Q4 FY2025 | $345M | $6M | $0.03 | 2.98% | -$12M |
| Q3 FY2025 | $348M | $9M | $0.05 | 2.04% | -$41M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $1.3B | $22M | $0.13 | 2.06% | -$137M |
| FY2024 | $1.1B | $16M | $0.11 | 2.55% | -$9M |
| FY2023 | $1.0B | -$9M | -$0.07 | 3% | $13M |
Frequently asked questions
What was Kratos Defense and Security Soluti's revenue last quarter?
Kratos Defense and Security Soluti reported revenue of $471.8 million for Q3 FY2026, up 35.7% from the same period a year earlier.
Is Kratos Defense and Security Soluti profitable?
Not in its most recent reported period. Kratos Defense and Security Soluti reported a net loss of $200.0 thousand for Q3 FY2026, a net margin of -0.04% on revenue.
How has Kratos Defense and Security Soluti's margin trended?
Operating margin was -1.04% in Q3 FY2026, compared with 2.04% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Kratos Defense and Security Soluti generate?
Kratos Defense and Security Soluti generated free cash flow of -$35.4 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Kratos Defense & Security Solutions, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.