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Leonardo DRS, Inc. income statement

In fiscal 2025, Leonardo DRS, Inc. reported revenue of $3.65bn, up 12.8% on the year before, operating income of $348m (a 9.5% margin) and net income of $278m, or $1.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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
Revenue2,7142,7782,8792,6932,8263,2343,6483,885
Cost of revenue2,2552,2842,3322,1182,1782,4982,7792,904
Gross profit459494547575648736869981
Research and development314148588292129139
General and administrative277283293357384414497537
Operating income163181236561231293348421
Interest expense656435343621——
Income before tax95112200525192264336417
Income tax20274612024515852
Net income7585154405168213278365
Diluted EPS$0.52$0.40$0.73$1.88$0.64$0.80$1.03$1.36
Diluted shares (average)—210m210m215m264m268m269m269m
EBITDA214234294626316384441511

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.