Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
Next earnings Aug 5, 2026 · consensus $0.14 EPS, $419M rev
Last earnings +3.7% on 2026-05-06
Hot defense-tech grower with a debt-free balance sheet, but earnings are negligible, cash flow is negative, and the stock trades at 417x and 7x sales.
Sources: SEC EDGAR (CIK 0001069258, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/21/2026, 8:48:19 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Weak on both the fundamentals and the price — little to like at the current level.
Kratos is a defense-technology company levered to high-priority programs — unmanned drones (Valkyrie), tactical/strategic missiles, hypersonics and space — squarely in the path of rising defense spending. The top line reflects that momentum: revenue grew 18.5% to $1.35B, the seventh straight year of growth from $812M in FY2021. The balance sheet is pristine: zero long-term debt, $561M of cash (up 70.2%, bolstered by equity issuance) and just 0.24x liabilities/equity, giving Kratos ample capacity to invest into demand.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $812M | $898M | $1.04B | $1.14B | $1.35B |
| Gross profit | $225M | $226M | $269M | $287M | $308M |
| Operating income | $27.9M | -$2.90M | $31.1M | $29.0M | $25.6M |
| Net income | -$2.00M | -$36.9M | -$8.90M | $16.3M | $22.0M |
| Diluted EPS | -$0.02 | -$0.29 | -$0.07 | $0.11 | $0.13 |
| Net margin | -0.2% | -4.1% | -0.9% | 1.4% | 1.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 24 sales
| 2026-06-15 | Mendoza Marie SVP & General Counsel | Sell | 800.00 @ $57.53 | $46.0K |
| 2026-06-15 | Mendoza Marie SVP & General Counsel | Sell | 600.00 @ $58.20 | $34.9K |
| 2026-06-15 | Mendoza Marie SVP & General Counsel | Sell | 100.00 @ $59.45 | $5.95K |
| 2026-06-15 | Carrai Phillip D President, STC Division | Sell | 2.70K @ $57.30 | $155K |
| 2026-06-15 | Carrai Phillip D President, STC Division | Sell | 3.60K @ $58.00 | $209K |
| 2026-06-15 | Carrai Phillip D President, STC Division | Sell | 200.00 @ $59.09 | $11.8K |
| 2026-06-08 | Fendley Steven S. President, US Division | Sell | 33.3K @ $58.19 | $1.93M |
| 2026-06-08 | Fendley Steven S. President, US Division | Sell | 1.75K @ $59.11 | $103K |
| 2026-06-05 | Carter David M President, DRSS Division | Sell | 1.40K @ $58.11 | $81.4K |
| 2026-06-05 | Carter David M President, DRSS Division | Sell | 1.20K @ $58.99 | $70.8K |
| 2026-06-05 | Carter David M President, DRSS Division | Sell | 1.20K @ $60.13 | $72.2K |
| 2026-06-05 | Carter David M President, DRSS Division | Sell | 200.00 @ $61.85 | $12.4K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.