KTOS Q1 2025 Earnings
Reported May 7, 2025 at 4:15 PM ET · SEC Source
Q1 25 EPS
$0.12
Q1 25 Revenue
$302.6M
vs S&P Since Q1 25
+46.3%
BEATING MARKET
KTOS +73.8% vs S&P +27.5%
Market Reaction
Did KTOS Beat Earnings? Q1 2025 Results
Kratos Defense & Security Solutions opened 2025 on solid footing, posting Q1 revenue of $302.60 million, a 9.2% gain over the prior-year quarter, while adjusted EPS held steady at $0.12 versus $0.11 a year ago, reflecting disciplined execution even a… Read more Kratos Defense & Security Solutions opened 2025 on solid footing, posting Q1 revenue of $302.60 million, a 9.2% gain over the prior-year quarter, while adjusted EPS held steady at $0.12 versus $0.11 a year ago, reflecting disciplined execution even as cash outlays weighed on the balance sheet. The primary engine behind the quarter's growth was the Kratos Government Solutions segment, which generated $239.50 million in revenue on 7.8% organic growth, with Defense Rocket Systems, Microwave Products, and C5ISR businesses each expanding organically between 13.1% and 18.7%. Bookings were a standout, with consolidated orders of $365.60 million producing a healthy 1.2x book-to-bill ratio, pushing total backlog to $1.51 billion. For investors watching the broader defense sector's growth trajectory, Kratos reaffirmed full-year 2025 revenue guidance of $1.26 to $1.28 billion and is projecting roughly 14% organic revenue growth in 2026, with management citing government funding clarity and a largely domestic supply chain as key reasons for confidence heading into what it expects to be a particularly strong second half.
Key Takeaways
- • Defense Rocket Systems, Microwave Products, and C5ISR organic revenue growth rates of 13.1%-18.7%
- • Increased target drone sales driving KUS organic growth of 6.2%
- • Consolidated book-to-bill ratio of 1.2x supporting future revenue visibility
- • Growing bid and proposal pipeline of $12.6 billion
KTOS YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
KTOS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Since our last report to you, the Defense and National Security Funding and priorities environment for the industry and for Kratos has become clearer, including a government full year fiscal 2025 CRA and funding now being put in place, a potential additional $150 billion defense related 2025 Reconciliation Bill progressing and the potential for a $1 trillion fiscal 2026 U.S. National Security Budget, all increasing our confidence in Kratos' 2025 and 2026 full year financial forecasts, including approximately 10 percent and 14 percent year over year, organic revenue growth, respectively.”
— Eric DeMarco, Q1 2025 Earnings Press Release
KTOS Earnings Trends
KTOS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KTOS EPS Trend
Earnings per share: estimate vs actual
KTOS Revenue Trend
Quarterly revenue: estimate vs actual
KTOS Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.13 | $0.18 | +34.63% | $345.1M | +2.15% |
| FY Full Year | — | $0.55 | — | $1.35B | — |
| Q3 25 BEAT | $0.12 | $0.14 | +12.36% | $347.6M | +7.88% |
| Q2 25 BEAT | $0.09 | $0.11 | +17.77% | $351.5M | +14.93% |
| Q1 25 | — | $0.12 | — | $302.6M | — |