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Kratos Defense & Security Solutions, Inc. cash flow statement

In fiscal 2025, Kratos Defense & Security Solutions, Inc.'s operations generated −$42.1m of cash; it spent $95.3m on capital projects, leaving free cash flow of −$137m.

Cash flow statement

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

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations2628552223−30−15−2718294535−266550−42−40
Depreciation and amortisation81348584632262322182325263133404764
Stock-based pay22377465871121262625303650
Capital spending028————————36474552589589
Free cash flow2626−2————————9−11−7113−9−137−129
Free cash flow after stock pay2424−6————————−12−37−97−13−38−173−178
Share buybacks—01100—————————————
Shares issued1825619700076269−102400003315561,348

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Kratos Defense & Security Solutions, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kratos Defense & Security Solutions, Inc.