---
schema_version: "secwatch.filing_event.v1"
accession: "0001069258-24-000005"
form_type: "8-K"
ticker: "KTOS"
cik: "0001069258"
company_name: "KRATOS DEFENSE & SECURITY SOLUTIONS, INC."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:03:10.723746+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kratos FY23 revenue $1.037B (+15.5% YoY); Q4 GAAP EPS $0.02; guides FY24 rev $1.125-1.15B

## Summary
- FY23 revenue $1.037B (+15.5% YoY, +12.6% organic); GAAP net loss $8.9M (-$0.07 EPS) vs $36.9M loss in FY22.
- Q4 revenue $273.8M (+9.8%); GAAP net income $2.4M ($0.02 EPS) vs $8.3M loss; adj EPS $0.12.
- Q4 operating cash flow $67.4M; free cash flow $48.1M after $19.3M capex for Valkyrie production lots.
- KGS segment Q4 revenue $218.4M (+17.0% organic); KUS revenue $55.4M, down from $62.7M on lower tactical drone activity.
- FY24 guidance: revenue $1.125-1.15B, Adj EBITDA $102-107M; Q1 rev $240-260M, Adj EBITDA $16-18M; assumes CRA resolved.

## SEC filing metadata
- accession: 0001069258-24-000005
- form_type: 8-K
- ticker: KTOS
- cik: 0001069258
- company_name: KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000005/0001069258-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000005/ktos-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069258-24-000005
- JSON: https://secwatch.observer/filing/0001069258-24-000005.json
- Plain text: https://secwatch.observer/filing/0001069258-24-000005.txt

## Key facts
- Earnings Releases
  KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported fourth quarter 2023 results: revenue $273.8 million, net income $2.4 million, EPS $0.02 per share.
  - Period: fourth quarter 2023
  - Revenue: $273.8 million
  - Net income: $2.4 million
  - EPS: $0.02 per share
  - Result: reported results
  source text: today reported its fourth quarter 2023 financial results, including Revenues of $273.8 million, Operating Income of $11.7 million, Net Income attributable to Kratos of $2.4 million, Adjusted EBITDA of $29.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000005/0001069258-24-000005-index.htm
- Earnings Releases
  KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported full year 2023 results: revenue $1.037 Billion. Guidance initiated.
  - Period: full year 2023
  - Revenue: $1.037 Billion
  - Guidance: initiated
  - Result: reported results
  source text: Full Year 2023 Revenues of $1.037 Billion Reflect 15.5 Percent Growth and 12.6 Percent Organic Growth, Respectively, Over Full Year 2022 Revenues of $898.3 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000005/0001069258-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.