Kratos Defense & Security Solutions, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.14B | $1.04B | $898.3M | $811.5M | $747.7M | $717.5M | $618.0M |
| Cost of Revenue | $1.04B | $849.1M | $768.5M | $672.3M | $586.4M | $544.5M | $527.5M | $448.3M |
| Gross Profit | $307.9M | $287.2M | $268.6M | $226.0M | $225.1M | $203.2M | $190.0M | $169.7M |
| Gross Margin | 22.9% | 25.3% | 25.9% | 25.2% | 27.7% | 27.2% | 26.5% | 27.5% |
| Operating Expenses | ||||||||
| Research & Development | $40.0M | $40.3M | $38.4M | $38.6M | $35.2M | $27.0M | $18.0M | $15.6M |
| SG&A Expense | $240.2M | $217.2M | $198.7M | $182.8M | $160.2M | $144.5M | $130.8M | $119.8M |
| Operating Income | $25.6M | $29.0M | $31.1M | $-2.9M | $27.9M | $29.3M | $38.0M | $30.5M |
| Operating Margin | 1.9% | 2.6% | 3.0% | -0.3% | 3.4% | 3.9% | 5.3% | 4.9% |
| Interest Expense | $9.6M | $15.2M | $21.7M | $18.3M | $23.7M | $23.6M | $23.5M | $21.6M |
| Pretax Income | $34.0M | $26.5M | $11.1M | $-33.0M | $4.4M | $6.8M | $15.7M | $8.7M |
| Income Tax Expense | $12.0M | $10.2M | $8.7M | $200.0K | $3.9M | $-73.5M | $4.8M | $4.6M |
| Net Income | $22.0M | $16.3M | $-8.9M | $-36.9M | $-2.0M | $79.6M | $12.5M | $-3.5M |
| Net Margin | 1.6% | 1.4% | -0.9% | -4.1% | -0.2% | 10.6% | 1.7% | -0.6% |
| EPS (Basic) | $0.14 | $0.11 | $-0.07 | $-0.29 | $-0.02 | $0.69 | $0.12 | $-0.03 |
| EPS (Diluted) | $0.13 | $0.11 | $-0.07 | $-0.29 | $-0.02 | $0.67 | $0.11 | $-0.03 |
| Shares Outstanding (Basic) | 162.7M | 149.0M | 130.4M | 126.7M | 124.6M | 115.5M | 106.0M | 103.8M |
| Shares Outstanding (Diluted) | 165.2M | 150.9M | 130.4M | 126.7M | 128.0M | 118.7M | 109.2M | 106.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |