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Kratos Defense & Security Solutions

U.S. military contractor

Kratos Defense & Security Solutions, Inc. is an American technology company with manufacturing concentrations in weapons and military electronics.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2004Founded1

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  • TickerKTOS on Nasdaq1
  • Industryweapons industry1
  • HeadquartersSan Diego1
  • Websitesat.com
  • Legal formDelaware corporation1
  • Incorporated inDE4
  • Business address10680 Treena Street, Suite 600, San Diego, Ca 921314
  • Filer categoryLarge accelerated filer4

Kratos Defense & Security Solutions, Inc. is an American technology company with manufacturing concentrations in weapons and military electronics. It is headquartered in San Diego, California, United States. Customers include the U.S. federal government, foreign governments, commercial enterprises and state and local government agencies. The company is divided into 6 divisions.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.9%Gross margin6
1.9%Operating margin6
1.6%Net margin6
18.5%Revenue growth, 20256
1.1%Return on equity6
0.00×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 65% of the revenue Kratos Defense & Security Solutions broke down this way in fiscal 2025.

  1. Product$877.8M665%up 23% from 2024
  2. Service$469.0M635%up 11% from 2024
Products and services by year
Products and services202320242025
Product$634.5M$712.9M$877.8M
Service$402.6M$423.4M$469.0M

Business segments

Government Solutions brought in 44% of the revenue Kratos Defense & Security Solutions broke down this way in fiscal 2025.

  1. Government Solutions$1.1B644%up 22% from 2024
  2. Kratos Government Solutions$1.1B644%up 22% from 2024
  3. Unmanned Systems$292.0M612%up 8% from 2024
Business segments by year
Business segments202320242025
Government Solutions$824.9M$865.8M$1.1B
Kratos Government Solutions$824.9M$865.8M$1.1B
Unmanned Systems$212.2M$270.5M$292.0M

Regions

United States brought in 69% of the revenue Kratos Defense & Security Solutions broke down this way in fiscal 2025.

  1. United States$1.1B669%up 18% from 2024
  2. Rest of the world$267.7M617%up 18% from 2024
  3. Europe$78.1M65%up 57% from 2024
  4. Asia Pacific$71.2M65%up 15% from 2024
  5. Other Countries$46.9M63%up 38% from 2024
  6. Other North America$19.4M61%up 4% from 2024
Regions by year
Regions202320242025
United States$830.3M$899.1M$1.1B
Rest of the world$202.0M$226.6M$267.7M
Europe$60.6M$49.7M$78.1M
Asia Pacific$64.1M$61.7M$71.2M
Other Countries$25.1M$34.1M$46.9M
Other North America$13.9M$18.6M$19.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$1.0B
  • Research and development3¢$40.0M
  • Selling, general and admin18¢$240.2M
  • Income tax1¢$12.0M
  • Profit2¢$22.0M

Out of $1.3B in revenue.6

Financial statements

Revenue789106$1.3B in 2025+88% since 2019
0$500.0M$1.0B$1.5B2019: $717.5M$717.5M20192020: $747.7M$747.7M2020+4%2021: $811.5M$811.5M2021+9%2022: $898.3M$898.3M2022+11%2023: $1.0B$1.0B2023+15%2024: $1.1B$1.1B2024+10%2025: $1.3B$1.3B2025+19%
Gross profit789106$307.9M in 2025+62% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $190.0M$190.0M20192020: $203.2M$203.2M2020+7%2021: $225.1M$225.1M2021+11%2022: $226.0M$226.0M2022+0%2023: $268.6M$268.6M2023+19%2024: $287.2M$287.2M2024+7%2025: $307.9M$307.9M2025+7%
Operating income789106$25.6M in 2025−33% since 2019
-$20.0M0$20.0M$40.0M2019: $38.0M$38.0M20192020: $29.3M$29.3M2020−23%2021: $27.9M$27.9M2021−5%2022: -$2.9M-$2.9M20222023: $31.1M$31.1M20232024: $29.0M$29.0M2024−7%2025: $25.6M$25.6M2025−12%
Net income789106$22.0M in 2025+76% since 2019
-$50.0M0$50.0M$100.0M2019: $12.5M$12.5M20192020: $79.6M$79.6M2020+537%2021: -$2.0M-$2.0M20212022: -$36.9M-$36.9M2022+1745%2023: -$8.9M-$8.9M2023−76%2024: $16.3M$16.3M20242025: $22.0M$22.0M2025+35%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Total revenues$1.3B$1.1B$1.0B
Total costs$1.0B$849.1M$768.5M
Gross profit$307.9M$287.2M$268.6M
Selling, general and administrative expenses$240.2M$217.2M$198.7M
Merger and acquisition related items$2.1M$700.0K$400.0K
Research and development expenses$40.0M$40.3M$38.4M
Operating income$25.6M$29.0M$31.1M
Interest income (expense), net$5.9M-$3.0M-$20.5M
Other income (expense), net$2.5M$500.0K$500.0K
Total other income (expense), net$8.4M-$2.5M-$20.0M
Income before income taxes$34.0M$26.5M$11.1M
Provision for income taxes$12.0M$10.2M$8.7M
Net income from consolidated operations$22.0M$16.3M$2.4M
Less: Net income attributable to noncontrolling interest$0$0$11.3M
Net income (loss) attributable to Kratos$22.0M$16.3M-$8.9M
Basic income (loss) per common share attributable to Kratos (in dollars per share)$0.14$0.11-$0.07
Diluted income (loss) per common share attributable to Kratos (in dollars per share)$0.13$0.11-$0.07
Basic (in shares)162.7M shares149.0M shares130.4M shares
Diluted (in shares)165.2M shares150.9M shares130.4M shares

Compare Kratos Defense & Security Solutions with another company

The story

Kratos Defense & Security Solutions was founded as Wireless Facilities Incorporated (WFI), a company whose primary market was the building and support of the telecommunications infrastructure and networks. In 2004, the company primarily sold its services to the US Government, mostly the U.S. Department of Defense.

From 2004 to 2009, the company acquired several companies in the federal services business. Acquisitions included several small public safety firms and mid-sized professional services firms such as:

High Technology Solutions (HTS), communications systems engineering and operational network outsourcing.

Madison Research (MRD): engineering and information technology services.

Haverstick Consulting (Haverstick): engineering and program management, and government outsourcing

SYS Technologies (SYS): information technology products (dopplerVUE and NeuralStar), services and wireless communication systems for the United States Department of Defense, Department of Homeland Security and various industrial customers.

Digital Fusion, Inc (DFI)

In September 2007, the company's name was changed to Kratos Defense & Security Solutions.

Read the full text

Merger with Integral Systems

On July 27, 2011, Integral Systems merged with Kratos. Integral Systems provided services regarding the handling of data from space and terrestrial-based platforms into networks for military, government, and commercial satellite and aerospace customers.

Integral Systems employed about 800 people in 14 locations, and had 6 subsidiaries:

Integral Systems, Inc.: central holding company.

Integral Systems Europe: European branch.

Lumistar: telemetry products for PCI, VME, cPCI, and ISA computer buses.

Newpoint Technologies: communications infrastructure management.

RT Logic: signal processing systems for the space and aerospace communications industry.

SAT Corporation: SAT Corporation bought CVG, Inc. and changed its name to SATCOM Solutions. Less than a year later, Kratos bought Integral Systems, and changed SATCOM Solutions back to CVG, Inc.

CVG, Inc.: satellite-based communication services. Its subsidiaries include Avtec Systems, Inc. and Sophia Wireless.

In February 2019, Kratos purchased Florida Turbine Technologies.

Technical Directions Inc. (TDI)

On February 24, 2020, Kratos bought small turbojet manufacturer, Technical Directions Inc. (TDI), based in Detroit, Michigan. Their smallest TDI-J45 powered the AFRL LOCAAS program of Lockheed Martin, a late 1990s endeavor to build a cheap anti-tank missile, which was since cancelled. It was selected by starting an engine using a leaf blower: TDI achieved ignition at 5% engine speed. TDI engines typically operate at 200–534 kn (370–989 km/h) and at altitudes of 20,000-30,000 ft; they run the fuel through the mechanical bearings to avoid oil lubrication.

The TDI-J85 powers the US AFRL’s Gray Wolf, a low-cost cruise missile built by Northrop Grumman with a range of at least 250 nm (463 km).

In March 2020, the Gray Wolf was tested with high altitude operation and multiple inflight engine starts.

The Gray Wolf may be used in a networked swarm, like the AFRL Golden Horde initiative to be demonstrated in late 2020 with a modified Small Diameter Bomb I and a modified Miniature Air-Launched Decoy, coordinated against a simulated target in a fall 2021 demonstration.

Kratos is expected in 2026 to open a new jet engine production line in Bristow, Oklahoma, initially creating 60 jobs.

From Wikipedia’s article on Kratos Defense & Security Solutions, shared under CC BY-SA 4.0.5

Leadership

Who has led Kratos Defense & Security Solutions, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (29)

Products and brands

AN/SEQ-3 Laser Weapon System

Kratos XQ-58 Valkyrie

Composite Engineering BQM-167 Skeeter

"Demogorgon", or "Off-Board Sensing Station" drone (OBSS program)

Read the full text

Clone Ranger UCAV

Ragnarök (926 km range cruise missile)

From Wikipedia’s article on Kratos Defense & Security Solutions, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Also owns

From Wikidata.1

Acquisitions

  1. 2011Acquired Integral Systems1

Former names

  • WIRELESS FACILITIES INCAug 30, 1999 to Sep 14, 20074

Timeline

  1. Sep 17, 2007Went public Listed on NASDAQ1
  2. Feb 13, 2006New chief executive Eric M. Demarco becomes CEO14
  3. 2004Founded Founded1

Filings

830 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 38 major events, 496 insider forms, 21 large holders, 254 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Oct 14, 2026POSASR EDGAR
  3. Oct 14, 2026424B3 EDGAR
  4. Sep 28, 20263 PRIMARY DOCUMENT EDGAR
  5. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 21, 2026144 EDGAR
  7. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 24, 2026144 EDGAR
  11. Aug 20, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 17, 2026144 EDGAR
  15. Aug 17, 2026144 EDGAR
  16. Aug 14, 2026144 EDGAR
  17. Aug 14, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 7, 20264 PRIMARY DOCUMENT EDGAR
  19. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  20. Aug 4, 202610-Q EDGAR

The 830 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 21 such filings since October 2021, the latest 10:

  1. Jul 29, 2026SCHEDULE 13G/A
  2. Apr 30, 2026SCHEDULE 13G
  3. Mar 26, 2026SCHEDULE 13G/A
  4. Mar 5, 2026SCHEDULE 13G/A
  5. Feb 9, 2026SCHEDULE 13G
  6. Jan 30, 2026SCHEDULE 13G/A
  7. Nov 10, 2025SCHEDULE 13G
  8. Oct 17, 2025SCHEDULE 13G/A
  9. May 13, 2025SCHEDULE 13G
  10. Apr 7, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.24,035,367$1.2B0.0%−7,627,817
State Street Corp9,064,859$451.9M0.0%+153,360
Vanguard Capital Management LLC8,449,693$421.3M0.0%+174,963
Vanguard Portfolio Management LLC7,987,008$398.2M0.0%−663,488
First Trust Advisors LP6,016,073$300.0M0.2%+3,314,308
ARK Investment Management LLC4,672,566$233.0M1.5%+1,181,372
Invesco Ltd.4,086,232$203.7M0.0%−1,051,342
Geode Capital Management, LLC3,711,627$185.1M0.0%−1,552,655
Alliancebernstein L.P.2,230,446$157.3M0.1%−191,122
Hood River Capital Management LLC3,137,727$156.4M1.1%+423,156
Van Eck Associates Corp2,978,610$148.5M0.1%−114,723
Dimensional Fund Advisors LP2,639,843$131.6M0.0%+45,111
Nomura Asset Management International Inc.2,598,589$129.6M0.2%−183,564
Artisan Partners Limited Partnership2,360,012$117.7M0.2%+1,381,961
Wellington Management Group Llp2,251,028$112.2M0.0%−343,972
Morgan Stanley2,211,173$110.2M0.0%−301,429
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,163,092$107.9M0.1%−259,603
Norges Bank1,889,341$94.2M0.0%New
Rovida Investment Management Ltd1,773,655$88.5M6.0%No change
Stephens Investment Management Group LLC1,604,024$80.0M0.9%+715,089
Voya Investment Management LLC1,484,310$74.0M0.1%−709,189
Northern Trust Corp1,440,725$71.8M0.0%−685,509
Amova Asset Management Americas, Inc.1,425,509$71.1M0.9%+281,172
Sumitomo Mitsui Trust Group, Inc.1,425,509$71.1M0.0%+281,172
Susquehanna International Group, Llp1,411,098$70.4M0.1%+853,271

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

28 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 14, 2021Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+22.3%Report
May 12, 2021Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+23.1%Report
May 11, 2021Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+24.7%Report
Feb 22, 2021Alan S. Lowenthal, HousePartial sale$90+65.8%Report
Feb 8, 2021Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+63.5%Report
Jan 25, 2021Alan S. Lowenthal, HousePartial sale$120+64.8%Report
Jan 25, 2021Alan S. Lowenthal, HousePartial sale$60+64.8%Report
Jan 25, 2021Alan S. Lowenthal, HousePartial sale$30+64.8%Report
Jan 25, 2021Alan S. Lowenthal, HousePartial sale$754+64.8%Report
Jan 25, 2021Alan S. Lowenthal, HousePartial sale$754+64.8%Report
Jan 22, 2021Alan S. Lowenthal, HousePartial sale$90+65.5%Report
Jan 22, 2021Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+65.5%Report
Jan 22, 2021Alan S. Lowenthal, HousePartial sale$60+65.5%Report
Sep 17, 2020Alan S. Lowenthal, HouseBuy$1,001 - $15,000−40.6%Report
Sep 16, 2020Alan S. Lowenthal, HouseBuy$22−39.3%Report
Sep 16, 2020Alan S. Lowenthal, HouseBuy$551−39.3%Report
Sep 11, 2020Alan S. Lowenthal, HouseBuy$39−23.6%Report
Sep 11, 2020Alan S. Lowenthal, HouseBuy$977−23.6%Report
Sep 10, 2020Alan S. Lowenthal, HouseBuy$1,001 - $15,000−21.9%Report
Sep 10, 2020Alan S. Lowenthal, HouseBuy$97−21.9%Report
Sep 9, 2020Alan S. Lowenthal, HouseBuy$975−18.7%Report
Sep 9, 2020Alan S. Lowenthal, HouseBuy$58−18.7%Report
Sep 8, 2020Alan S. Lowenthal, HouseBuy$1,001 - $15,000−19.8%Report
Sep 8, 2020Alan S. Lowenthal, HouseBuy$154−19.8%Report
Sep 4, 2020Alan S. Lowenthal, HouseBuy$96−13.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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