KRATOS DEFENSE & SECURITY SOLUTIONS, INC. · Guided Missiles & Space Vehicles & Parts

KTOS

Elevated riskNext report: In 6 days (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are trimming.

Going well

Sales up 31% in the latest quarter vs a year ago
Profitable
Sales up 19% last year

Watch out for

Share count growing 9.3% a year
1 offering filing in 6 months (may sell new shares)

Money moves

Insiders sold $259K in the last 30 days, all through pre-planned sales
Institutions cut 8% from their holdings in the quarter ending June 2026 (334 bought, 402 sold)
Held by Ray Dalio (Bridgewater), Cathie Wood (ARK Invest)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$40.43+4.5% that day

Company value: $7.6B; Share price times all shares
Price vs profit (P/E): 237.8x; You pay about $238 for each $1 of yearly profit
Price vs sales: 5.0x; Company value is 5.0 times a year of sales
Cash vs value: 19%; Cash as a share of company value

From KTOS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$458.8M+31% vs a year earlier

Oct '23Tap a barJun '26

Last 12 months: $1.5B, up 26% from the 12 months before. Over 5 years, sales grew about 13% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of KTOS. Starting points are the company's recent numbers.

Sales growth+26% a yearRecently: +26% a yearProfit margin2%Last 12 months: 2.0%P/E at the end40xToday: 237.8x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4.8B

Profit in 5 years$97M

Price these guesses point to$12.79-68% vs $40.43 todayAbout -21% a year, before dividends

What today's price needs: with a 2% margin and a 40x P/E, sales would have to grow about 59% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/7Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.1.3%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.6%
MissProfitable every yearSteady profits, not one good year.4 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$42.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+30.4% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.22.9%

Revenue: $1.3B; +18.5% vs prior year
5-year growth: +12.5%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 4.06x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 28, 2026

Reported Aug 4

Revenue: $458.8M; +30.5% YoY
EPS: $0.02; vs $0.02
Op. margin: -0.3%; -1.4 pts
Gross margin: 21.8%; +0.8 pts
Free cash flow: -$28.2M
Share count: +20.8%; vs a year ago

Insider rating

Last 90 days

46Mixed

Pre-planned sales of $259K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.9
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Distributing-8.0%

Institutions cut 8.0% from their holdings. 334 bought, 402 sold.

Shares held by institutions153.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+13.5%

Cash runwayAt last year's cash burn

410 months

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

188M

Why elevated risk

Share count growing 13.5% a year (dilution)
1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportIn 6 days (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 6
Results filedFeb 23
Results filedNov 4, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusOct 14 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$259K1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Phillip D CarraiPresident, STC Division	Sell	7K	$39.86	$259K	169K	Oct 15Filing ↗
-3.7% of their holdings $38.44 to $40.57 across 3 trades Pre-planned sale (10b5-1) Filed 1 day after