KTOS

EX-99.1

2 ktos202609278kexhibit991.htm

EX-99.1

Document

Exhibit 99.1

Press Contact:

Claire Cantrell

claire.cantrell@kratosdefense.com

Investor Information:

877-934-4687

investor@kratosdefense.com

Kratos Reports Third Quarter 2026 Financial Results

Third Quarter 2026 Revenues of $471.8 Million Reflect 35.7 Percent Growth and 23.2 Percent Organic Growth Over Third Quarter 2025 Revenues of $347.6 Million

Kratos Government Solutions Third Quarter 2026 Revenues of $397.2 Million Reflect 35.8 Percent Organic Growth and 52.5 Percent Growth Over Third Quarter 2025 Revenues of $260.4 Million

Third Quarter 2026 Consolidated Book to Bill Ratio of 2.2 to 1 and Bookings of $1.037 Billion

Last Twelve Months Ended September 27, 2026, Consolidated Book to Bill Ratio of 1.6 to 1 and Bookings of $2.614 Billion

Increases Full Year Fiscal 2026 Financial Guidance

Provides Initial 2027 Financial Forecast

SAN DIEGO, CA, November 5, 2026 – Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leader in defense, national security and global markets, today reported its third quarter 2026 financial results, including Revenues of $471.8 million, Operating Loss of $4.9 million, Net Loss of $0.2 million, Adjusted EBITDA of $50.9 million and a consolidated book to bill ratio of 2.2 to 1.0.

Third quarter 2026 Net Loss and Operating Loss includes non-cash stock compensation expense of $18.1 million, Company-funded Research and Development (R&D) expense of $15.0 million, including efforts in our Space, Satellite, Unmanned Systems and Microwave Electronic businesses, and non-cash amortization expense of $23.3 million.

Kratos reported in the third quarter 2026 GAAP Net Loss of $0.2 million and GAAP Net Income per share of $0.00, compared to GAAP Net Income of $8.7 million and GAAP Net Income per share of $0.05, for the third quarter of 2025. Adjusted earnings per share (EPS) were $0.24 for the third quarter of 2026, compared to $0.14 for the third quarter of 2025.

Third quarter 2026 Revenues of $471.8 million increased $124.2 million, reflecting 35.7 percent growth and 23.2 percent organic growth from third quarter 2025 Revenues of $347.6 million. Organic revenue growth was reported in our Government Solutions (KGS) segment of 35.8 percent. The most notable growth in our KGS Segment was in our Defense Rocket Systems, Turbine Technologies, Microwave Products and Space, Training and Cyber businesses, with organic revenue growth rates of 149.0 percent, 27.1 percent, 16.6 percent and 11.6 percent, respectively, compared to the third quarter of 2025. Third quarter 2026 Revenues in our Unmanned Systems (KUS) segment were $74.6 million, down from third quarter 2025 Revenues of $87.2 million, which included Revenues of $16.1 million related to a shipment of Valkyries to an international customer.

Third quarter 2026 Cash Flow Used in Operations was $5.2 million, primarily reflecting the working capital requirements related to the 35.7 percent revenue growth impacting our receivables, and also including increases in inventory balances related to ramps in production and investments we are making related to certain development initiatives. Free Cash Flow Used in Operations for the third quarter of 2026 was $29.4 million after funding $30.2 million of capital expenditures, and net of $0.4 million of proceeds from the sale of assets and net of $5.6 million of proceeds from state grants for capital construction.

For the third quarter of 2026, KUS generated Revenues of $74.6 million, compared to $87.2 million in the third quarter of 2025, with the reduction driven by the shipment of Valkyries to an international customer in the third quarter of 2025 which generated $16.1 million. KUS’s Operating Loss was $0.9 million in the third quarter of 2026, compared to Operating Income of $2.7 million in the third quarter of 2025. KUS’s Adjusted EBITDA for the third quarter of 2026 was $4.6 million, compared to $6.4 million for the third quarter of 2025, reflecting the impact of the revenue volume and mix. KUS’s book-to-bill ratio for the third quarter of 2026 was 0.8 to 1.0 and 1.2 to 1.0 for the twelve months ended September 27, 2026, with bookings of $57.4 million for the three months ended September 27, 2026, and bookings of $359.7 million for the twelve months ended September 27, 2026. Total backlog for KUS at the end of the third quarter of 2026 was $357.4 million, compared to $374.6 million at the end of the second quarter of 2026.

For the third quarter of 2026, our KGS segment Revenues of $397.2 million increased from Revenues of $260.4 million in the third quarter of 2025, reflecting a 52.5 percent increase and a 35.8 percent organic growth rate, excluding the impact of the Nomad Global Communication Solutions (Nomad) and Orbit Technologies Ltd (Orbit) acquisitions. The increased Revenues includes organic revenue growth across our Defense and Rocket Support business, Turbine Technologies, Microwave Products and Space, Training and C

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EX-99.1

2 ktos202603298kexhibit991.htm

EX-99.1

Document

Exhibit 99.1

Press Contact:

Claire Cantrell

claire.cantrell@kratosdefense.com

Investor Information:

877-934-4687

investor@kratosdefense.com

Kratos Reports First Quarter 2026 Financial Results and Increases Fiscal FY26 Financial Guidance

First Quarter 2026 Revenues of $371.0 Million Reflect 22.6 Percent Growth and 15.8 Percent Organic Growth Over First Quarter 2025 Revenues of $302.6 Million

Unmanned Systems First Quarter 2026 Revenues of $82.6 Million Reflect 30.9 Percent Organic Growth Over First Quarter 2025 Revenues of $63.1 Million

Kratos Government Solutions First Quarter 2026 Revenues of $288.4 Million Reflect 11.8 Percent Organic Growth Over First Quarter 2025 Revenues of $239.5 Million

First Quarter 2026 Consolidated Book to Bill Ratio of 1.6 to 1 and Bookings of $605.2 Million

Last Twelve Months Ended March 29, 2026, Consolidated Book to Bill Ratio of 1.2 to 1 and Bookings of $1.715 Billion

Fiscal 2026 Revenue Forecast of $1.700 Billion to $1.760 Billion and Adjusted EBITDA Forecast of $170.0 Million to $176.0 Million, including Recently Closed Orbit Technologies, Ltd. Acquisition

SAN DIEGO, CA, May 6, 2026 – Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leader in defense, national security and global markets, today reported its first quarter 2026 financial results, including Revenues of $371.0 million, Operating Income of $4.7 million, Net Income of $11.9 million, Adjusted EBITDA of $38.7 million and a consolidated book to bill ratio of 1.6 to 1.0.

First quarter 2026 Net Income and Operating Income includes non-cash stock compensation expense of $15.0 million, and Company-funded Research and Development (R&D) expense of $10.7 million, including efforts in our Space, Satellite, Unmanned Systems and Microwave Electronic businesses.

Kratos reported in the first quarter 2026 GAAP Net Income of $11.9 million and GAAP Net Income per share of $0.07, compared to GAAP Net Income of $4.5 million and GAAP Net

Income per share of $0.03, for the first quarter of 2025. Adjusted earnings per share (EPS) were $0.16 for the first quarter of 2026, compared to $0.12 for the first quarter of 2025.

First quarter 2026 Revenues of $371.0 million increased $68.4 million, reflecting 22.6 percent growth and 15.8 percent organic growth from first quarter 2025 Revenues of $302.6 million. Organic revenue growth was reported in our Unmanned Systems (KUS) segment of 30.9 percent and in our Government Solutions (KGS) segment of 11.8 percent. The most notable growth in our KGS Segment was in our Defense Rocket Systems, Turbine Technologies and Microwave Products businesses, with organic revenue growth rates of 45.8 percent, 20.3 percent and 12.3 percent, respectively, compared to the first quarter of 2025.

First quarter 2026 Cash Flow Used in Operations was $27.4 million, primarily reflecting the working capital requirements related to the 22.6 percent revenue growth impacting our receivables, and also including increases in inventory balances related to ramps in production and investments we are making related to certain development initiatives in our KUS segment. Free Cash Flow Used in Operations for the first quarter of 2026 was $43.1 million after funding $19.9 million of capital expenditures, and after netting $4.2 million of proceeds from sales of company owned Valkyries.

For the first quarter of 2026, KUS generated Revenues of $82.6 million, compared to $63.1 million in the first quarter of 2025, with the increase primarily driven by Valkyrie-related activity. KUS’s Operating Income was $1.3 million in the first quarter of 2026, compared to an Operating Loss of $1.7 million in the first quarter of 2025. KUS’s Adjusted EBITDA for the first quarter of 2026 was $5.2 million, compared to $1.7 million for the first quarter of 2025, reflecting the impact of the revenue volume and mix. KUS’s book-to-bill ratio for the first quarter of 2026 was 1.2 to 1.0 and 1.1 to 1.0 for the twelve months ended March 29, 2026, with bookings of $96.2 million for the three months ended March 29, 2026, and bookings of $340.0 million for the twelve months ended March 29, 2026. Total backlog for KUS at the end of the first quarter of 2026 was $375.4 million, compared to $361.7 million at the end of the fourth quarter of 2025.

For the first quarter of 2026, our KGS segment Revenues of $288.4 million increased from Revenues of $239.5 million in the first quarter of 2025, reflecting a 20.4 percent increase and an 11.8 percent organic growth rate, excluding the impact of the recent acquisitions of Nomad Global Communication Solutions (Nomad) and Orbit Technologies Ltd (Orbit). The increased Revenues includes organic revenue growth across our Defense and Rocket Support business, Turbine Technologies and Microwave Products businesses, with organic revenue growth rates of 45.8 percent, 20.3 percent, and 12.3 percent, respectively, over the first quarter of 2025.