KTOS
Kratos Defense & Security Solutions, Inc.73.13
-1.13-1.52%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
12.35BP/E (TTM)
562.54Basic EPS (TTM)
0.13Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Kratos Q2 revenues surge 17%
Kratos Defense & Security Solutions reported Q2 2025 revenues of $351.5 million, up 17.1% from $300.1 million last year, driven by 27.1% organic growth in its Government Solutions segment amid surging defense spending. Yet bookings lagged at $257.0 million, yielding a 0.7:1 book-to-bill ratio, while Adjusted EBITDA dipped to $28.3 million. Backlog stands at $1.414 billion. The company raised full-year revenue guidance to $1.29–$1.31 billion, signaling robust demand in drones and hypersonics.
10-Q
Q2 FY2025 results
Kratos Defense & Security Solutions posted Q2 FY2025 revenues of $351.5M, up 17.1% y/y from $300.1M, driven by 29.9% growth in the KGS segment to $278.3M on hypersonic missions and microwave products, though Unmanned Systems dipped 14.7% to $73.2M without a prior international drone shipment. Gross profit hit $73.8M for a 21.0% margin, down from 25.7% y/y amid higher labor and material costs on fixed-price contracts; operating income fell to $3.7M from $12.5M, while diluted EPS held at $0.02, reconciling to 157.4M shares. Cash swelled to $783.6M after a $555.9M equity raise, funding the February 2025 Norden assets acquisition for $37.0M (stock, recognizing $29.9M goodwill and $10.0M intangibles over 5-7 years) and Term Loan A payoff. Free cash flow wasn't disclosed in the 10-Q. Backlog climbed to $1,413.6M. Yet government audits pose ongoing scrutiny risks.
8-K
Kratos raises $484M in stock offering
Kratos Defense & Security Solutions completed a public offering of 14,935,065 shares at $38.50 each on June 27, 2025, raising net proceeds of approximately $483.75 million after underwriters fully exercised their option. The funds will scale national security programs, pursue targeted acquisitions, and reduce debt. This bolsters execution on high-probability opportunities. Yet market conditions pose closing risks.
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