Kratos Defense & Security Solut
91.21+1.43 (+1.59%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · KTOS · USD
Key Stats
Market Cap
15.40BP/E (TTM)
912.10Basic EPS (TTM)
0.10Dividend Yield
0%Recent Filings
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 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.
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.
8-K
Kratos annual meeting results
Kratos Defense & Security Solutions held its annual meeting on May 14, 2025, where shareholders elected all eight director nominees, including CEO Eric DeMarco, despite some withheld votes for Amy Zegart. The board ratified Deloitte & Touche as auditors for fiscal 2025 with overwhelming support. Say-on-pay for executives passed handily. All directors secured; continuity intact.
8-K
Kratos Q1 revenues surge 9.2%
Kratos Defense & Security Solutions reported Q1 2025 revenues of $302.6 million, up 9.2% from $277.2 million last year, with 7.4% organic growth driven by unmanned systems and government solutions segments. Bookings hit $365.6 million for a 1.2:1 book-to-bill ratio, boosting backlog to $1.508 billion amid clearer defense funding. Cash burn intensified from growth investments. Q2 revenues forecast at $300-310 million; full-year eyes 10% organic rise.
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