Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $542M | $603M | $618M | $718M | $748M | $812M | $898M | $1.04B | $1.14B | $1.35B |
| Revenue growth | — | 11.3% | 2.4% | 16.1% | 4.2% | 8.5% | 10.7% | 15.5% | 9.6% | 18.5% |
| Gross profit | $121M | $158M | $170M | $190M | $203M | $225M | $226M | $269M | $287M | $308M |
| Gross margin | 22.2% | 26.1% | 27.5% | 26.5% | 27.2% | 27.7% | 25.2% | 25.9% | 25.3% | 22.9% |
| Operating income | -$18.0M | -$12.0M | $30.5M | $38.0M | $29.3M | $27.9M | -$2.90M | $31.1M | $29.0M | $25.6M |
| Operating margin | -3.3% | -2.0% | 4.9% | 5.3% | 3.9% | 3.4% | -0.3% | 3.0% | 2.6% | 1.9% |
| Net income | -$60.5M | -$42.7M | -$3.50M | $12.5M | $79.6M | -$2.00M | -$36.9M | -$8.90M | $16.3M | $22.0M |
| Net margin | -11.2% | -7.1% | -0.6% | 1.7% | 10.6% | -0.2% | -4.1% | -0.9% | 1.4% | 1.6% |
| EPS (diluted) | -$0.99 | -$0.48 | -$0.03 | $0.11 | $0.67 | -$0.02 | -$0.29 | -$0.07 | $0.11 | $0.13 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.6M | -$26.9M | $18.1M | $28.9M | $44.7M | $35.3M | -$25.7M | $65.2M | $49.7M | -$42.1M |
| Capital expenditures | — | — | — | — | $35.9M | $46.5M | $45.4M | $52.4M | $58.2M | $95.3M |
| Free cash flow | — | — | — | — | $8.80M | -$11.2M | -$71.1M | $12.8M | -$8.50M | -$137M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $69.1M | $131M | $183M | $173M | $381M | $349M | $81.3M | $72.8M | $329M | $561M |
| Total assets | $949M | $1.02B | $1.01B | $1.19B | $1.56B | $1.59B | $1.55B | $1.63B | $1.95B | $2.47B |
| Total liabilities | $672M | $513M | $491M | $597M | $623M | $629M | $604M | $634M | $598M | $471M |
| Long-term debt | $431M | $294M | $294M | $295M | $301M | $297M | $250M | $219M | $175M | $0.00 |
| Shareholders' equity | $276M | $512M | $519M | $574M | $925M | $945M | $936M | $976M | $1.35B | $2.00B |
| Retained earnings | -$678M | -$721M | -$725M | -$712M | -$632M | -$634M | -$671M | -$680M | -$664M | -$642M |
| Shares (wtd avg diluted) | 61.3M | 89.5M | 106M | 109M | 119M | 128M | 127M | 130M | 151M | 165M |
Every figure is extracted from KRATOS DEFENSE & SECURITY SOLUTIONS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.