Kratos Defense & Security Solutions annual free cash flow
2009
2010
2011
2020
2021
2022
2023
2024
2025
Kratos Defense & Security Solutions Free Cash Flow (FCF) History (KTOS)
Kratos Defense & Security Solutions reported −$137.4M in free cash flow for fiscal 2025, a decrease of $128.9M from the previous fiscal year, with a free cash flow margin of −10.20%.
View full Kratos Defense & Security Solutions company overviewKratos Defense & Security Solutions free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-28 | −$137.4M | −$128.9M | — | −10.20% |
| 2024 | 2024-12-29 | −$8.5M | −$21.3M | — | −0.75% |
| 2023 | 2023-12-31 | $12.8M | $83.9M | — | +1.23% |
| 2022 | 2022-12-25 | −$71.1M | −$59.9M | — | −7.91% |
| 2021 | 2021-12-26 | −$11.2M | −$20.0M | — | −1.38% |
| 2020 | 2020-12-27 | $8.8M | $11.1M | — | +1.18% |
| 2011 | 2011-12-25 | −$2.3M | −$28.3M | — | −4.24% |
| 2010 | 2010-12-26 | $26.0M | $200,000 | +0.78% | +6.36% |
| 2009 | 2009-12-27 | $25.8M | — | — | +7.71% |
Kratos Defense & Security Solutions quarterly free cash flow
Q1.11
Q1.12
Q3.16
Q3.17
Q3.18
Q1.19
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | −$28.2M | $4.0M | — | −6.15% |
| Q1 2026 | 2026-03-29 | −$47.3M | $4.5M | — | −12.75% |
| Q4 2025 | 2025-12-28 | −$12.1M | −$44.1M | — | −3.51% |
| Q3 2025 | 2025-09-28 | −$41.3M | −$32.1M | — | −11.88% |
| Q2 2025 | 2025-06-29 | −$32.2M | −$16.8M | — | −9.16% |
| Q1 2025 | 2025-03-30 | −$51.8M | −$35.9M | — | −17.12% |
| Q4 2024 | 2024-12-29 | $32.0M | −$16.1M | −33.47% | +11.30% |
| Q3 2024 | 2024-09-29 | −$9.2M | $5.0M | — | −3.33% |
| Q2 2024 | 2024-06-30 | −$15.4M | −$27.7M | — | −5.13% |
| Q1 2024 | 2024-03-31 | −$15.9M | $17.5M | — | −5.74% |
| Q4 2023 | 2023-12-31 | $48.1M | $52.1M | — | +17.57% |
| Q3 2023 | 2023-10-01 | −$14.2M | $1.5M | — | −5.17% |
| Q2 2023 | 2023-06-25 | $12.3M | $45.0M | — | +4.79% |
| Q1 2023 | 2023-03-26 | −$33.4M | −$14.7M | — | −14.41% |
| Q4 2022 | 2022-12-25 | −$4.0M | $8.4M | — | −1.60% |
| Q3 2022 | 2022-09-25 | −$15.7M | −$15.4M | — | −6.87% |
| Q2 2022 | 2022-06-26 | −$32.7M | −$21.1M | — | −14.59% |
| Q1 2022 | 2022-03-27 | −$18.7M | −$31.8M | — | −9.53% |
| Q4 2021 | 2021-12-26 | −$12.4M | −$25.1M | — | −5.86% |
| Q3 2021 | 2021-09-26 | −$300,000 | $300,000 | — | −0.15% |
| Q2 2021 | 2021-06-27 | −$11.6M | −$10.7M | — | −5.66% |
| Q1 2021 | 2021-03-28 | $13.1M | $15.5M | — | +6.75% |
| Q4 2020 | 2020-12-27 | $12.7M | $10.6M | +504.76% | +6.15% |
| Q3 2020 | 2020-09-27 | −$600,000 | $1.2M | — | −0.30% |
| Q2 2020 | 2020-06-28 | −$900,000 | −$12.9M | — | −0.53% |
| Q1 2020 | 2020-03-29 | −$2.4M | −$9.5M | — | −1.42% |
| Q3 2019 | 2019-09-29 | $2.1M | $8.9M | — | +1.14% |
| Q2 2019 | 2019-06-30 | −$1.8M | −$3.9M | — | −0.96% |
| Q1 2019 | 2019-03-31 | $12.0M | −$10.3M | −46.19% | +7.48% |
| Q3 2018 | 2018-09-30 | $7.1M | $10.8M | — | +4.45% |
| Q3 2017 | 2017-10-01 | −$6.8M | — | — | −4.33% |
| Q3 2016 | 2016-09-25 | $2.1M | — | — | +1.27% |
| Q1 2012 | 2012-03-25 | $22.3M | — | — | +10.64% |
| Q1 2011 | 2011-03-27 | −$3.7M | — | — | −3.01% |
Kratos Defense & Security Solutions free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $8.8M to −$137.4M, a net decrease of $146.2M. Kratos Defense & Security Solutions's latest reported quarter, Q2 2026, generated −$28.2M in free cash flow, an increase of $4.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Kratos Defense & Security Solutions filings at SEC.gov ↗