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Leonardo DRS, Inc. balance sheet

At the end of fiscal 2025, Leonardo DRS, Inc. had total assets of $4.49bn and shareholders' equity of $2.73bn. It held $647m in cash against $353m of debt: net cash of $294m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents8561240306467598647294
Receivables—102156166151253334358
Inventory—247205319329358352374
Total current assets—1,2631,3891,7071,9182,1632,3262,179
Goodwill1,0571,0571,0711,2361,2381,2381,2381,238
Total assets—2,9563,0693,6773,9214,1844,4864,374
Accounts payable—478479457398426351257
Deferred revenue (current)—177174233335399585594
Total current liabilities—9759891,0421,0781,1161,2311,157
Short-term debt—53412957252610
Long-term debt—374393396407366348165
Total debt0427408406442370353175
Shareholders' equity1,0191,4271,5932,1272,3252,5572,7302,890
Net debt (negative = net cash)−85366168100−25−228−294−119
Shares outstanding——260m260m263m265m266m267m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Leonardo DRS, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Leonardo DRS, Inc.