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Adjusted EBITDA by Segment
Breaks down adjusted EBITDA across Kratos’ business segments, showing segment-level profitability after excluding one-time items and noncash charges. Highlights which parts of the company generate cash profits, where margins are strongest or weakest, and which segments can support investment or pose earnings risk.Government Solutions is the clear EBITDA powerhouse, showing a steady, sustained lift tied to conversion of large hypersonics/space and missile awards and the company’s record backlog — management’s hypersonics targets help explain the trajectory. Unmanned Systems is still lumpy but recent higher run‑rate quarters point to Valkyrie production beginning to drive steadier profitability; however, near‑term margin and cash conversion will hinge on DSO, elevated CapEx and supply‑chain/talent execution, so timing risk remains.
Date | Unmanned Systems | Government Solutions |
|---|---|---|
Jun 30, 2026 | $5.10M | $33.10M |
Mar 31, 2026 | $5.20M | $33.50M |
Dec 31, 2025 | $6.40M | $27.70M |
Sep 30, 2025 | $6.40M | $24.40M |
Jun 30, 2025 | $3.70M | $24.60M |
Mar 31, 2025 | $1.70M | $25.00M |
Dec 31, 2024 | $2.60M | $22.60M |
Sep 30, 2024 | $3.60M | $21.00M |
Jun 30, 2024 | $7.20M | $22.70M |
Mar 31, 2024 | $2.90M | $23.10M |