{"data":{"ticker":"KTOS","slug":"kratos-defense","name":"Kratos Defense & Security","exchange":"NASDAQ","sector":"Industrials","headquarters":"Oklahoma City, Oklahoma","ceo":"Eric M. DeMarco","employees":4300,"website":"https://www.kratosdefense.com","founded":"1994","layers":[{"slug":"defense-ai","name":"Defense & Aerospace AI"},{"slug":"autonomous-vehicles","name":"Autonomous Vehicles"}],"exposure":{"score":45,"tier":"Growing","rationale":"Kratos builds low cost autonomous combat drones like Valkyrie plus target drones, satellite comms, and hypersonic systems for defense customers. The upside case centers on AI enabled collaborative combat aircraft programs, but today's revenue is mostly conventional defense hardware and services."},"quote":{"price":35.1,"change24hPct":5.12,"change7dPct":-14.58,"change30dPct":-16.29,"change1yPct":-54.93,"high52w":130.72,"low52w":33.39,"marketCap":6608330240,"peRatio":292.5,"eps":0.12,"volume24h":280893927},"nextEarningsDate":"2026-11-05","summary":"Kratos Defense & Security builds affordable defense systems. It makes money selling unmanned aircraft, target drones, satellite communications, and hypersonic systems to the US military and allied customers.","explainer":["Kratos Defense & Security builds affordable defense systems. It makes money selling unmanned aircraft, target drones, satellite communications, and hypersonic systems to the US military and allied customers.","Its best known program is the Valkyrie, the XQ-58A autonomous combat drone designed to fly alongside piloted fighters at low cost. Around it sit AI target systems used for training and testing, and drone swarm AI for coordinating groups of unmanned aircraft.","Founded in 1994 and headquartered in Oklahoma City, Oklahoma, Kratos trades on the NASDAQ and employs about 4,300 people."],"buildoutRole":"Kratos sits in the Defense & Aerospace AI and Autonomous Vehicles layers of the AI buildout. Its Valkyrie drone is a leading candidate for AI-enabled collaborative combat aircraft, the concept of autonomous wingmen flying with piloted jets, and its swarm work extends that autonomy to groups. That is the upside case. Today's revenue is mostly conventional defense hardware and services, so its AI exposure is concentrated in programs that are still scaling rather than in current sales.","faq":[{"q":"What does Kratos Defense & Security do?","a":"Kratos builds low-cost defense systems: autonomous combat drones like the Valkyrie, target drones, satellite communications, and hypersonic systems for the US military and allies."},{"q":"How is Kratos exposed to AI?","a":"Through autonomy programs. The Valkyrie and drone swarm AI position it for collaborative combat aircraft, but most current revenue is conventional defense work. Supercycle rates it an AI Exposure Score of 45 out of 100."},{"q":"What is the Valkyrie drone?","a":"The XQ-58A Valkyrie is Kratos's low-cost autonomous combat drone, designed to fly alongside piloted fighters as an AI-enabled wingman. It anchors the company's collaborative combat aircraft ambitions."},{"q":"What sector and categories is KTOS in?","a":"Kratos is in the Industrials sector. On Supercycle it is categorized under Defense & Aerospace AI and Autonomous Vehicles, reflecting its autonomous drones and defense systems."},{"q":"Where is Kratos based and who leads it?","a":"Kratos is headquartered in Oklahoma City, Oklahoma, and is led by CEO Eric DeMarco. The company was founded in 1994 and employs about 4,300 people."}],"history1y":[{"date":"2026-09-28","close":44.07},{"date":"2026-09-29","close":43.05},{"date":"2026-09-30","close":42.69},{"date":"2026-10-01","close":42.82},{"date":"2026-10-02","close":43.07},{"date":"2026-10-05","close":42.02},{"date":"2026-10-06","close":43.71},{"date":"2026-10-07","close":41.94},{"date":"2026-10-08","close":41.93},{"date":"2026-10-09","close":42.36},{"date":"2026-10-12","close":41.62},{"date":"2026-10-13","close":40.35},{"date":"2026-10-14","close":39.33},{"date":"2026-10-15","close":40.74},{"date":"2026-10-16","close":40.42},{"date":"2026-10-19","close":39.17},{"date":"2026-10-20","close":38.96},{"date":"2026-10-21","close":38.74},{"date":"2026-10-22","close":38.27},{"date":"2026-10-23","close":38.68},{"date":"2026-10-26","close":40.43},{"date":"2026-10-27","close":41.32},{"date":"2026-10-28","close":41.17},{"date":"2026-10-29","close":43.59},{"date":"2026-10-30","close":41.09},{"date":"2026-11-02","close":40.23},{"date":"2026-11-03","close":40.99},{"date":"2026-11-04","close":35.96},{"date":"2026-11-05","close":33.39},{"date":"2026-11-06","close":35.1}],"incomeStatements":[{"ticker":"KTOS","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":1346800000,"cost_of_revenue":1038900000,"gross_profit":307900000,"operating_expense":0,"operating_income":27700000,"net_income":22000000,"earnings_per_share":0.13,"earnings_per_share_diluted":0.13,"research_and_development":40000000,"selling_general_and_administrative_expenses":240200000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"KTOS","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":1136300000,"cost_of_revenue":849100000,"gross_profit":287200000,"operating_expense":0,"operating_income":29700000,"net_income":16300000,"earnings_per_share":0.11,"earnings_per_share_diluted":0.11,"research_and_development":40300000,"selling_general_and_administrative_expenses":217200000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"KTOS","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":1037100000,"cost_of_revenue":768500000,"gross_profit":268600000,"operating_expense":0,"operating_income":31500000,"net_income":-8900000,"earnings_per_share":-0.07,"earnings_per_share_diluted":-0.07,"research_and_development":38400000,"selling_general_and_administrative_expenses":198700000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"KTOS","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":898300000,"cost_of_revenue":672300000,"gross_profit":226000000,"operating_expense":0,"operating_income":4600000,"net_income":-36900000,"earnings_per_share":-0.29,"earnings_per_share_diluted":-0.29,"research_and_development":38600000,"selling_general_and_administrative_expenses":182800000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"KTOS","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":2467200000,"current_assets":1262900000,"cash_and_equivalents":560600000,"total_liabilities":470900000,"current_liabilities":311000000,"total_debt":145800000,"shareholders_equity":1996300000,"retained_earnings":-641900000},{"ticker":"KTOS","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":1950900000,"current_assets":872100000,"cash_and_equivalents":329300000,"total_liabilities":597700000,"current_liabilities":296700000,"total_debt":282000000,"shareholders_equity":1353200000,"retained_earnings":-663900000},{"ticker":"KTOS","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":1632500000,"current_assets":594200000,"cash_and_equivalents":72800000,"total_liabilities":634000000,"current_liabilities":292500000,"total_debt":321400000,"shareholders_equity":976000000,"retained_earnings":-680200000},{"ticker":"KTOS","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":1551500000,"current_assets":582600000,"cash_and_equivalents":81300000,"total_liabilities":604000000,"current_liabilities":234200000,"total_debt":301800000,"shareholders_equity":936300000,"retained_earnings":-671300000}],"holders13f":[{"slug":"cathie-wood","personName":"Cathie 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Transcript","source":null,"url":"https://www.fool.com/earnings/call-transcripts/2026/11/06/kratos-defense-ktos-q3-2026-earnings-call-transcript/?.tsrc=rss","date":"2026-11-06"},{"title":"Kratos Sales Up 36%, Free Cash Flow Negative: Rapid Earnings Reaction","source":null,"url":"https://www.fool.com/investing/2026/11/06/kratos-sales-up-36-free-cash-flow-negative-rapid-earnings-reaction/?.tsrc=rss","date":"2026-11-06"},{"title":"Kratos Defense & Security Solutions Q3 Earnings Call Highlights","source":null,"url":"https://www.marketbeat.com/instant-alerts/transcript-kratos-defense-security-solutions-q3-earnings-call-highlights-2026-11-05/?utm_source=yahoofinance&utm_medium=yahoofinance&.tsrc=rss","date":"2026-11-06"},{"title":"Kratos (KTOS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/kratos-ktos-q3-earnings-taking-223001306.html?.tsrc=rss","date":"2026-11-05"},{"title":"Kratos (KTOS) Q3 Earnings Beat Estimates","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/kratos-ktos-q3-earnings-beat-214505797.html?.tsrc=rss","date":"2026-11-05"},{"title":"Kratos: Q3 Earnings Snapshot","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/kratos-q3-earnings-snapshot-213401779.html?.tsrc=rss","date":"2026-11-05"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.664Z","tier":"free","source":"https://supercyclehq.com/stock/kratos-defense","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/KTOS","html":"https://supercyclehq.com/stock/kratos-defense","md":"https://supercyclehq.com/stock/kratos-defense.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}