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Companies / Industrials / Kratos Defense & Security Solutions, Inc.
KTOS

Kratos Defense & Security Solutions, Inc.

IndustrialsTransportation Equipment
Ticker KTOSSAN DIEGO, CAFiscal year ends DecemberBook value per share $18.54Diluted shares 184.8M

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) develops and manufactures technology, hardware, products, systems and software for defense, national security and commercial customers. Its offerings include jet-powered unmanned aircraft and target drones, rocket motors and hypersonic vehicles, propulsion… From the company’s description.

In fiscal 2025, Kratos Defense & Security Solutions, Inc. reported revenue of $1.35B, up 18.5% from fiscal 2024, and net income of $22.00M. Its operating margin was 1.9%, and operations used $42.10M in cash. Over the twelve months to Jun 28, 2026, revenue was $1.52B.

Fiscal year 2025 · ends 12-27Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-28
Sales & profitability
$1.35BFY2025
+18.5% year over year
Last 12 mo $1.52B
1.90%FY2025
−0.7 percentage points
Last 12 mo 1.21%
$22.00MFY2025
+35.0% year over year
Last 12 mo $30.90M
1.10%FY2025
−0.2 percentage points
Last 12 mo 0.90%
Cash & financing
$-42.10MFY2025
−184.7% year over year
Last 12 mo $-39.60M
$-137.40MFY2025
−1516.5% year over year
Last 12 mo $-128.90M
0.05FY2025
Was 0.18× a year earlier
Last 12 mo 0.04
165.2MFY2025
+9.5% year over year
Last 12 mo 184.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Kratos Defense & Security Solutions, Inc. does

In the company’s own words

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) develops and manufactures technology, hardware, products, systems and software for defense, national security and commercial customers. Its offerings include jet-powered unmanned aircraft and target drones, rocket motors and hypersonic vehicles, propulsion systems, satellite ground systems and communications software, microwave electronics, C5ISR systems, cybersecurity and training solutions. Customers include U.S. military services and agencies, allied governments, defense contractors and commercial organizations. Kratos reports two segments: Kratos Government Solutions, covering microwave electronics, space and satellite, cyber, training, C5ISR, turbine technologies and defense support services; and Unmanned Systems, covering aerial, ground and seaborne systems and command, control and communications. Its products include the Valkyrie, Mako, BQM-177, BQM-167 and MQM-178 aircraft, OpenSpace satellite ground systems, and Zeus rocket motors. The company had approximately 4,300 employees and backlog of approximately $1.57 billion as of December 28, 2025.

Company details
Sector
Industrials
Industry (SIC)
Transportation Equipment
Headquarters
SAN DIEGO, CA
Fiscal year end
December
CIK
1069258
SIC
3760

Financial performance, year by year

Fiscal 2013–2025 · USD
$-238.05M$242.10M$722.25M$1.20B$1.68B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Kratos Defense & Security Solutions, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

473
funds hold it
0 of 35
superinvestors hold it
$4.64B
held by funds, at market
44.9%
of shares held by funds

Largest fund holders · Kratos Defense & Security Solutions, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.26%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
First Trust RBA American Industrial Renaissance ETF
AIRR · First Trust Exchange-Traded Fund VI
2.43%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.11%of fund net assets
2.34%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Kratos Defense & Security Solutions, Inc. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Kratos Defense & Security Solutions, Inc.'s last four quarterly filings that the numbers alone won't show?”
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