Kratos Defense & Security Solutions, Inc. (KTOS) quarterly cash flow statement — complete operating, investing & financing history
Kratos Defense & Security Solutions, Inc. (KTOS) cash flow statement — 28-year operating, investing & financing cash flows
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | -9.9M | -28.5M | 12.1M | -13.3M | -11.7M | -29.2M | 45.6M | 6.1M | -2.7M | 700K | 67.4M | -100K | 23.6M | -25.7M | 6.6M | -2.7M | -22.1M | -7.8M | -2.7M | 12.3M |
| Operating CF Margin % | -2.16% | -7.68% | 3.51% | -3.83% | -3.33% | -9.65% | 16.11% | 2.21% | -0.9% | 0.25% | 24.62% | -0.04% | 9.19% | -11.09% | 2.65% | -1.18% | -9.86% | -3.98% | -1.28% | 6.13% |
| Operating CF Growth % | 15.38% | 2.4% | -73.46% | -318.03% | -333.33% | -4271.43% | -32.34% | 6200% | -111.44% | 102.72% | 921.21% | 96.3% | 206.79% | -229.49% | 344.44% | -121.95% | -2110% | -135.14% | -110.63% | 41.38% |
| Net Income | 4.4M | 11.9M | -16.1M | 8.7M | 2.9M | 4.5M | 3.9M | 3.2M | 7.9M | 1.3M | 2.4M | 3M | -400K | -7M | -4.9M | -8M | -4.7M | -15.9M | -2.5M | -2.4M |
| Depreciation & Amortization | 18.7M | 20.2M | -43.1M | 15M | 14.8M | 13.4M | 13.3M | 13.1M | 13.4M | 12.5M | 12.2M | 11.2M | 10.7M | 10.8M | 10.3M | 11.6M | 9.7M | 9.9M | 8.6M | 8.5M |
| Stock-Based Compensation | 31.3M | 0 | -26.4M | 9.1M | 8.6M | 8.7M | 6.8M | 7.2M | 6.6M | 9.2M | 6.3M | 6.4M | 6M | 6.6M | 6.4M | 6.6M | 6.3M | 7M | 6.6M | 6.4M |
| Deferred Taxes | 900K | 1.2M | 100K | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 2.4M | 100K | 100K | 0 | -3.4M | 0 | 0 | 0 | 300K | 0 |
| Other Non-Cash Items | 8.1M | 14M | 125M | -39.1M | 100K | 200K | 31M | 200K | 100K | -3.1M | 3.4M | 200K | -100K | 3M | -100K | -18.6M | 17.4M | 1.4M | -2.1M | 2.7M |
| Working Capital Changes | -73.3M | -75.8M | -27.4M | -7M | -38.1M | -56M | -9.4M | -17.6M | -30.8M | -19.2M | 40.7M | -21M | 7.3M | -39.1M | -1.7M | 5.7M | -50.8M | -10.2M | -13.6M | -2.9M |
| Change in Receivables | 45.4M | -28.7M | -29M | -24M | -35.8M | -37.2M | -5.1M | 25.6M | -12.9M | 3.5M | 33.9M | -12.8M | 28.4M | -26M | -26.1M | 13.8M | -27.1M | 12.1M | -7.5M | -9.7M |
| Change in Inventory | -10.1M | -14.7M | -20.2M | 8.2M | -1.9M | -5.4M | -3M | -4.1M | 5.6M | -3.5M | -5.9M | -3.7M | -11.7M | -8.3M | 4.2M | -2.2M | -10.5M | -15.3M | 1.5M | 0 |
| Change in Payables | -7.8M | 30.8M | 600K | 0 | 16.8M | 700K | 0 | 200K | -3.3M | 0 | 5M | -2.8M | 4M | 0 | 3.5M | 0 | 0 | 0 | 5.2M | 0 |
| Cash from Investing | -10.2M | -365.1M | -17.2M | -28M | -20.5M | -22.6M | -13.6M | -15.3M | -24.2M | -16.6M | -19M | -14.1M | -3M | -7.7M | -10.2M | -13.2M | -84.4M | -69.3M | -17M | -8.4M |
| Capital Expenditures | -17.2M | -19.9M | 71.1M | -28M | -20.5M | -22.6M | -13.6M | -15.3M | -12.7M | -16.6M | -19.3M | -14.2M | -11.2M | -7.7M | -10.6M | -12.9M | -11.1M | -10.8M | -13.1M | -12.9M |
| CapEx % of Revenue | 3.75% | 5.36% | 20.6% | 8.06% | 5.83% | 7.47% | 4.8% | 5.55% | 4.23% | 5.99% | 7.05% | 5.17% | 4.36% | 3.32% | 4.25% | 5.64% | 4.95% | 5.5% | 6.19% | 6.43% |
| Acquisitions | -3.6M | -343.2M | 0 | 0 | 0 | 0 | 0 | 0 | -11.5M | 0 | 300K | 0 | 8.3M | 0 | 0 | -300K | -73.4M | -58.5M | -6.1M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2M | 0 | -83.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | -100K | 0 | 400K | 0 | 100K | 0 | 2.2M | 4.5M |
| Cash from Financing | -7.2M | 1.3B | 500K | -176.1M | 550.8M | -14.5M | -3M | 1.6M | -3.6M | 282.6M | -18.6M | 8.7M | -19.4M | -1.4M | -41.9M | 800K | -5M | -17.2M | -300K | -2.6M |
| Debt Issued (Net) | -1.1M | -900K | -400K | -180.5M | -3M | -2.9M | -2.9M | -2.8M | -1.6M | -36.6M | -18.5M | 5.3M | -18.6M | -1.7M | -41.7M | -1.6M | -300K | -10.1M | -300K | -5.4M |
| Equity Issued (Net) | -5.5M | 1.35B | -800K | -900K | 555.9M | 4.6M | -100K | 4.6M | -2M | -15.1M | -100K | 3.6M | -800K | -2.6M | 0 | -800K | -4.7M | -6.8M | 0 | -600K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -800K | -900K | 0 | 0 | -100K | 0 | -2M | -15.1M | -100K | 0 | -800K | -2.6M | 0 | -800K | -4.7M | -6.8M | 0 | -600K |
| Other Financing | -600K | -54.6M | 1.7M | 5.3M | -2.1M | -16.2M | 0 | -200K | 0 | 334.3M | 0 | -200K | 0 | 2.9M | -200K | 3.2M | 0 | -300K | 0 | 3.4M |
| Net Change in Cash | -26.7M | 903.7M | -5.3M | -217.7M | 519.9M | -65.6M | 27.8M | -6.7M | -30.7M | 266.1M | 30.6M | -6M | 1.5M | -34.6M | -43.9M | -17.2M | -112M | -95M | -20.5M | 600K |
| Free Cash Flow | -27.1M | -48.4M | -12.1M | -41.3M | -32.2M | -51.8M | 32M | -9.2M | -15.4M | -15.9M | 48.1M | -14.3M | 12.4M | -33.4M | -4M | -15.6M | -33.2M | -18.6M | -15.8M | -600K |
| FCF Margin % | -5.91% | -13.05% | -3.51% | -11.88% | -9.16% | -17.12% | 11.3% | -3.33% | -5.13% | -5.74% | 17.57% | -5.21% | 4.83% | -14.41% | -1.6% | -6.82% | -14.81% | -9.48% | -7.47% | -0.3% |
| FCF Growth % | 15.84% | 6.56% | -137.81% | -348.91% | -109.09% | -225.79% | -33.47% | 35.66% | -224.19% | 52.4% | 1302.5% | 8.33% | 137.35% | -79.57% | 74.68% | -2500% | -178.99% | -247.62% | -226.4% | -200% |
| FCF per Share | -0.14 | -0.27 | -0.07 | -0.24 | -0.20 | -0.33 | 0.21 | -0.06 | -0.10 | -0.11 | 0.36 | -0.11 | 0.10 | -0.26 | -0.03 | -0.12 | -0.26 | -0.15 | -0.13 | -0.00 |
| FCF Conversion (FCF/Net Income) | -2.25x | -2.39x | 2.05x | -1.53x | -4.03x | -6.49x | 11.69x | 1.91x | -0.34x | 0.54x | 28.08x | 0.06x | -8.74x | 3.67x | -0.80x | 0.34x | 4.70x | 0.49x | 1.04x | -5.13x |
| Interest Paid | 0 | 0 | 0 | 900K | 0 | 0 | 12.1M | 0 | 0 | 800K | 0 | 0 | 0 | 700K | 0 | 800K | 700K | 700K | 0 | 700K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |