Kratos Defense & Security Solutions, Inc. (KTOS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.31B | 1.26B | 1.24B | 1.43B | 864.4M | 872.1M | 838.4M | 851.2M | 871.7M | 594.2M | 604.4M | 587.8M | 588.1M | 582.6M | 601.3M | 624.3M | 687.9M | 758.1M | 772.6M | 768.7M |
| Cash & Short-Term Investments | 1.46B | 560.6M | 565.9M | 783.6M | 263.7M | 329.3M | 301.5M | 308.2M | 338.9M | 72.8M | 42.2M | 48.2M | 46.7M | 81.3M | 125.2M | 142.4M | 254.4M | 349.4M | 369.9M | 369.3M |
| Cash Only | 1.46B | 560.6M | 565.9M | 783.6M | 263.7M | 329.3M | 301.5M | 308.2M | 338.9M | 72.8M | 42.2M | 48.2M | 46.7M | 81.3M | 125.2M | 142.4M | 254.4M | 349.4M | 369.9M | 369.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 528.6M | 457.4M | 423.4M | 398.8M | 362.5M | 323.7M | 319.1M | 338.4M | 325.8M | 329.1M | 351.9M | 337.7M | 353.8M | 328.3M | 302.2M | 315M | 280.7M | 284.6M | 274.7M | 265M |
| Days Sales Outstanding | 120.92 | 116.13 | 107.62 | 98.55 | 100.91 | 105.58 | 108.43 | 100.7 | 107.5 | 113.17 | 123.05 | 122.47 | 125.06 | 122.66 | 122.85 | 120.89 | 123.89 | 126.87 | 122.41 | 117.49 |
| Inventory | 0 | 188.2M | 180M | 177.8M | 176M | 162.1M | 158.9M | 154.8M | 159.8M | 156.2M | 150.1M | 145.9M | 134M | 125.5M | 120.3M | 118.2M | 107.1M | 91.7M | 90.9M | 90.7M |
| Days Inventory Outstanding | - | 61.75 | 60.18 | 57.97 | 65.7 | 69.98 | 69.05 | 64.22 | 69.73 | 69.03 | 72.09 | 65.99 | 63.97 | 63.44 | 62.47 | 61.61 | 59.24 | 58.39 | 59.02 | 52.42 |
| Other Current Assets | 317.5M | 43.8M | 52.9M | 54.2M | 45.7M | 39M | 21.7M | 21M | 20.4M | 20.1M | 41.9M | 43.2M | 39.3M | 35.6M | 40M | 36.5M | 34.6M | 22.6M | 25.4M | 30.3M |
| Total Non-Current Assets | 1.73B | 1.2B | 1.19B | 1.16B | 1.14B | 1.08B | 1.07B | 1.06B | 1.04B | 1.04B | 986.4M | 975M | 969M | 968.9M | 966.8M | 959M | 877.6M | 831.4M | 805.2M | 793.6M |
| Property, Plant & Equipment | 459.6M | 405.3M | 384.5M | 352.4M | 342.8M | 325.8M | 320.4M | 313M | 294.2M | 289.3M | 277.9M | 266.8M | 260.2M | 260.5M | 259.6M | 250.3M | 213.1M | 206.8M | 197.6M | 185.6M |
| Fixed Asset Turnover | 0.86x | 0.87x | 0.94x | 1.01x | 0.91x | 0.88x | 0.87x | 0.99x | 0.95x | 0.97x | 1.01x | 0.97x | 0.89x | 0.96x | 0.90x | 0.97x | 0.93x | 1.05x | 1.05x | 1.10x |
| Goodwill | 884.1M | 595.7M | 595M | 598.8M | 597.4M | 568.9M | 568.9M | 568.9M | 568.9M | 569.1M | 558.2M | 558.2M | 558.2M | 558.2M | 551.8M | 551.9M | 522.9M | 493.9M | 483.7M | 483.7M |
| Intangible Assets | 219.7M | 53.9M | 57.2M | 58.4M | 61.1M | 53.8M | 55.9M | 58.1M | 60.2M | 62.4M | 50.7M | 52.2M | 53.6M | 55.2M | 61.9M | 64.9M | 51.5M | 43.2M | 39.3M | 40.4M |
| Long-Term Investments | 0 | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 168.9M | 144.4M | 149.6M | 146.7M | 138.7M | 130.3M | 128.8M | 123M | 119.6M | 117.5M | 99.6M | 97.8M | 97M | 95M | 93.5M | 91.9M | 90.1M | 87.5M | 84.6M | 83.9M |
| Total Assets | 4.04B | 2.47B | 2.42B | 2.59B | 2B | 1.95B | 1.91B | 1.91B | 1.91B | 1.63B | 1.59B | 1.56B | 1.56B | 1.55B | 1.57B | 1.58B | 1.57B | 1.59B | 1.58B | 1.56B |
| Asset Turnover | 0.11x | 0.14x | 0.14x | 0.15x | 0.15x | 0.15x | 0.14x | 0.16x | 0.16x | 0.17x | 0.17x | 0.16x | 0.15x | 0.16x | 0.15x | 0.14x | 0.12x | 0.13x | 0.13x | 0.13x |
| Asset Growth % | 101.64% | 26.46% | 26.72% | 35.08% | 4.72% | 19.5% | 20.22% | 22.49% | 22.96% | 5.22% | 1.45% | -1.29% | -0.54% | -2.39% | -0.61% | 1.34% | 0.02% | 1.71% | 7.1% | 10.08% |
| Total Current Liabilities | 410.7M | 311M | 287.4M | 322.4M | 304.9M | 296.7M | 260.5M | 272.3M | 288.2M | 292.5M | 263M | 250.9M | 245M | 234.2M | 213.5M | 227.8M | 213.3M | 221.1M | 210.6M | 202.1M |
| Accounts Payable | 112M | 69.6M | 66.2M | 97.6M | 82.7M | 82M | 61M | 58.8M | 61.9M | 63.1M | 57.4M | 58.4M | 54.9M | 57.3M | 53.5M | 58.2M | 51.7M | 50.4M | 43.6M | 59.9M |
| Days Payables Outstanding | 24.57 | 22.78 | 27.55 | 29.54 | 32.01 | 31.17 | 26.37 | 24.64 | 27.58 | 27.16 | 28.2 | 26.71 | 27.66 | 28.6 | 29.26 | 30.05 | 30.42 | 30.06 | 33.64 | 33.23 |
| Short-Term Debt | 18.7M | 16.2M | 15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 73.4M | 64.2M | 77.3M | 82M | 76.3M | 61.9M | 80.9M | 97.5M | 101.8M | 79.4M | 73.1M | 65.2M | 62.1M | 48.9M | 59.2M | 49.7M | 58.1M | 57.7M | 43.5M |
| Other Current Liabilities | 280M | 69.5M | 73.3M | 85.1M | 83.8M | 86.4M | 84.9M | 84.5M | 79.8M | 78.8M | 72M | 65.3M | 76.4M | 68.7M | 70.6M | 63.5M | 67M | 73.8M | 65M | 60.7M |
| Current Ratio | 5.63x | 4.06x | 4.30x | 4.43x | 2.84x | 2.94x | 3.22x | 3.13x | 3.02x | 2.03x | 2.30x | 2.34x | 2.40x | 2.49x | 2.82x | 2.74x | 3.23x | 3.43x | 3.67x | 3.80x |
| Quick Ratio | 5.63x | 3.46x | 3.68x | 3.88x | 2.26x | 2.39x | 2.61x | 2.56x | 2.47x | 1.50x | 1.73x | 1.76x | 1.85x | 1.95x | 2.25x | 2.22x | 2.72x | 3.01x | 3.24x | 3.35x |
| Cash Conversion Cycle | - | 155.11 | 140.26 | 126.97 | 134.61 | 144.39 | 151.11 | 140.28 | 149.64 | 155.04 | 166.94 | 161.75 | 161.37 | 157.51 | 156.06 | 152.45 | 152.71 | 155.21 | 147.8 | 136.69 |
| Total Non-Current Liabilities | 222M | 159.9M | 154.4M | 303.3M | 312.4M | 301M | 309M | 312.6M | 297.8M | 341.5M | 355.1M | 351.6M | 368.5M | 369.8M | 411.4M | 409.6M | 404.7M | 408.1M | 410.3M | 409.7M |
| Long-Term Debt | 166.7M | 33.8M | 0 | 169.8M | 172.2M | 174.6M | 177M | 179.5M | 179.4M | 219.3M | 234.2M | 232.1M | 250.3M | 250.2M | 292.6M | 293.8M | 295M | 296.7M | 296.5M | 300.3M |
| Capital Lease Obligations | 0 | 129.6M | 119.3M | 95.5M | 97M | 94.2M | 32.2M | 34.1M | 35.3M | 88.7M | 43M | 41M | 40M | 40.8M | 35.3M | 31.5M | 33.3M | 32.7M | 34M | 35.3M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 55.3M | -3.5M | 35.1M | 38M | 43.2M | 32.2M | 99.8M | 99M | 83.1M | 33.5M | 77.9M | 78.5M | 78.2M | 78.8M | 83.5M | 84.3M | 76.4M | 78.7M | 79.8M | 74.1M |
| Total Liabilities | 632.7M | 470.9M | 441.8M | 625.7M | 617.3M | 597.7M | 569.5M | 584.9M | 586M | 634M | 618.1M | 602.5M | 613.5M | 604M | 624.9M | 637.4M | 618M | 629.2M | 620.9M | 611.8M |
| Total Debt | 185.4M | 179.6M | 134.3M | 279.3M | 283.2M | 282M | 220.8M | 225.3M | 226.3M | 321.4M | 289.3M | 284.7M | 301.4M | 301.8M | 338.6M | 335.9M | 338.8M | 339.5M | 339.7M | 344.9M |
| Net Debt | -1.28B | -381M | -431.6M | -504.3M | 19.5M | -47.3M | -80.7M | -82.9M | -112.6M | 248.6M | 247.1M | 236.5M | 254.7M | 220.5M | 213.4M | 193.5M | 84.4M | -9.9M | -30.2M | -24.4M |
| Debt / Equity | 0.05x | 0.09x | 0.07x | 0.14x | 0.20x | 0.21x | 0.16x | 0.17x | 0.17x | 0.32x | 0.30x | 0.30x | 0.32x | 0.32x | 0.36x | 0.36x | 0.36x | 0.35x | 0.36x | 0.36x |
| Debt / EBITDA | 39.45x | 6.09x | 7.07x | 15.10x | 14.16x | 17.52x | 11.27x | 8.70x | 11.73x | 13.45x | 12.36x | 16.36x | 27.15x | 20.96x | 43.41x | 43.62x | 40.33x | 19.07x | 18.07x | 27.37x |
| Net Debt / EBITDA | -272.11x | -12.92x | -22.72x | -27.26x | 0.98x | -2.94x | -4.12x | -3.20x | -5.83x | 10.40x | 10.56x | 13.59x | 22.95x | 15.31x | 27.36x | 25.13x | 10.05x | -0.56x | -1.61x | -1.94x |
| Interest Coverage | 1.04x | - | - | - | 7.00x | 1.32x | - | - | 2.43x | 2.38x | 2.33x | 1.31x | 0.04x | 1.31x | -1.15x | -0.66x | -2.39x | 1.56x | 1.78x | 0.58x |
| Total Equity | 3.41B | 2B | 1.98B | 1.96B | 1.39B | 1.35B | 1.34B | 1.33B | 1.33B | 998.5M | 972.7M | 960.3M | 943.6M | 947.5M | 943.2M | 945.9M | 947.5M | 960.3M | 956.9M | 950.5M |
| Equity Growth % | 145.75% | 47.52% | 47.55% | 47.45% | 4.44% | 35.52% | 38.06% | 38.43% | 40.8% | 5.38% | 3.13% | 1.52% | -0.41% | -1.33% | -1.43% | -0.48% | 0.39% | 2.15% | 12.55% | 13.24% |
| Book Value per Share | 19.01 | 11.53 | 11.46 | 12.45 | 8.88 | 8.75 | 8.71 | 8.66 | 9.39 | 7.43 | 7.51 | 7.44 | 7.37 | 7.44 | 7.42 | 7.48 | 7.53 | 7.69 | 7.66 | 7.44 |
| Total Shareholders' Equity | 3.41B | 2B | 1.98B | 1.96B | 1.39B | 1.35B | 1.34B | 1.33B | 1.31B | 976M | 953.4M | 945.6M | 931.2M | 936.3M | 935.4M | 938.1M | 932.3M | 945.1M | 941.8M | 935.9M |
| Common Stock | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -630M | -641.9M | -647.8M | -656.5M | -659.4M | -663.9M | -667.8M | -671M | -678.9M | -680.2M | -682.6M | -681M | -678.3M | -671.3M | -663M | -655M | -650.3M | -634.4M | -631.8M | -629.4M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.1M | 2.1M | 2.1M | 2.8M | 100K | -500K | 300K | 1.5M | 2.1M | 1.7M | 2.5M | 2.9M | -500K | -800K | -3.7M | 0 | 600K | 600K | 1.3M | 2.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.5M | 22.5M | 19.3M | 14.7M | 12.4M | 11.2M | 7.8M | 7.8M | 15.2M | 15.2M | 15.1M | 14.6M |