Every 8-K that Kratos Defense & Security Solutions, Inc. (KTOS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KTOS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KTOS filings page.
Kratos Defense & Security Solutions reported second quarter 2026 revenues of $458.8 million, up 30.5% year over year with 19.1% organic growth. GAAP net income was $4.4 million or $0.02 per share, while Adjusted EPS rose to $0.21. Adjusted EBITDA increased to $38.2 million, and the consolidated book‑to‑bill ratio was 1.1 to 1.0 on $492.2 million of bookings.
Kratos Government Solutions drove revenues of $379.7 million with 22.0% organic growth; Unmanned Systems delivered $79.1 million. Consolidated backlog reached $2.084 billion, with a $15.0 billion bid pipeline. Operating cash flow was negative as the company funded growth, and full‑year 2026 guidance was raised to $1.750–$1.810 billion of revenue and $173–$176 million of Adjusted EBITDA, while expecting $85–$105 million of free cash flow use on $250–$275 million of total investments.
Kratos Defense & Security Solutions, Inc. held its Annual Meeting, where stockholders elected all director nominees and approved several governance and compensation proposals. Holders of 163,944,621 shares of common stock were represented, out of 187,333,628 shares outstanding as of the record date.
Stockholders ratified Deloitte & Touche LLP as independent registered public accounting firm and approved increasing authorized common stock from 195,000,000 to 245,000,000 shares. They also approved adding 6,900,000 shares to the 2023 Equity Incentive Plan and supported, on an advisory basis, the compensation of named executive officers. An amendment to provide for officer exculpation in the Certificate of Incorporation was also approved.
Kratos Defense & Security Solutions reported strong first quarter 2026 growth with revenues of $371.0 million, up 22.6% from $302.6 million a year ago, and organic growth of 15.8%. GAAP net income rose to $11.9 million (diluted EPS $0.07) from $4.5 million ($0.03), while Adjusted EPS increased to $0.16 from $0.12. Adjusted EBITDA was $38.7 million versus $26.7 million, lifting the margin to 10.4% from 8.8%.
The Unmanned Systems segment generated revenues of $82.6 million, driven largely by Valkyrie activity, and swung to operating income of $1.3 million from a loss. Kratos Government Solutions delivered $288.4 million of revenue and operating income of $20.3 million, both up year over year.
Bookings were very strong, with first quarter consolidated bookings of $605.2 million and a book-to-bill ratio of 1.6 to 1. Consolidated backlog reached $2.010 billion, and the bid and proposal pipeline was $14.3 billion. Kratos raised $1.3486 billion of equity, boosting cash to $1.4643 billion, and is guiding 2026 revenue to $1.70–$1.76 billion and Adjusted EBITDA to $170–$176 million, while planning $155–$165 million of capital expenditures and $85–$105 million of free cash flow use.
Kratos Defense & Security Solutions appointed David King to its Board of Directors, effective March 23, 2026, and named him to the Board’s Audit Committee. Chairman Bill Hoglund stepped down from the Audit Committee but remains Board Chairman and serves on the Compensation and Nominating and Corporate Governance Committees.
King brings more than four decades of aerospace, defense, national security and government experience, including leading Dynetics’ revenue growth from about $180 million to over $650 million and its $1.65 billion sale to Leidos, as well as overseeing a $1.4 billion revenue business at Leidos Dynetics and previously directing NASA’s Marshall Space Flight Center with a $2.8 billion annual budget.
Kratos Defense & Security Solutions, Inc. completed its previously announced acquisition of Orbit Technologies Ltd. on March 2, 2026. Orbit, formerly publicly traded on the Tel Aviv Stock Exchange, is now an indirect wholly owned subsidiary of Kratos through Kratos Holdings U K Limited.
Kratos paid approximately $352.7 million in cash for 100 percent of Orbit’s ordinary shares, funded from cash on its balance sheet, based on $13.725 per Orbit share as set in the Merger Agreement. All outstanding Orbit stock options became fully vested and were canceled in exchange for a cash payment equal to the spread between the merger price and the option exercise price, multiplied by the underlying shares.
Kratos Defense & Security Solutions completed a sizable common stock financing through an underwritten public offering. The company sold 14,285,714 shares of common stock and the underwriters exercised in full a 30-day option to purchase an additional 2,142,857 shares, all at a public offering price of $84.00 per share. The transaction closed on March 2, 2026 under an automatically effective Form S-3ASR shelf registration.
Kratos expects net proceeds of approximately $1,172,999,977, to be used to fund capital expenditures to scale operations for defense and national security customers, invest in new products and software, strengthen its balance sheet ahead of anticipated contract awards, finance the recent Nomad acquisition and pending Orbit acquisition along with other strategic M&A, and for general corporate purposes including offering expenses.
Kratos Defense & Security Solutions reported strong growth for the fourth quarter and full year 2025 and issued bullish 2026 guidance. Fourth quarter 2025 revenue rose to $345.1 million, up 21.9% from $283.1 million, with 20.0% organic growth and Adjusted EBITDA of $34.1 million. GAAP net income was $5.9 million, or $0.03 per share, while adjusted EPS increased to $0.18 from $0.13.
For full year 2025, revenue reached $1.347 billion, up 18.5% with 16.6% organic growth, GAAP net income was $22.0 million ($0.13 per diluted share), and Adjusted EBITDA was $119.9 million. Cash from operations was a use of $42.1 million and free cash flow used was $125.4 million, driven by heavy investment in inventory, facilities and Valkyrie production.
Backlog and demand indicators were robust, with consolidated 2025 bookings of $1.475 billion, a book-to-bill ratio of 1.1x, and year-end backlog of $1.573 billion plus a $13.7 billion bid pipeline. For fiscal 2026, Kratos forecasts revenue of $1.595–$1.675 billion, Adjusted EBITDA of $157.0–$167.0 million (about 9.9–10.0% margin), operating cash flow of $50–$60 million and capital expenditures of $135–$145 million, implying free cash flow use of $85–$95 million as it funds hypersonics, Valkyrie and other growth programs.
Kratos Defense & Security Solutions entered a definitive agreement to acquire Orbit Technologies via a cash merger at $13.725 per share, valuing the transaction at approximately $356.3 million. Orbit will become an indirect wholly owned subsidiary of Kratos, with all outstanding Orbit options vesting and paid in cash for their intrinsic value.
The deal includes customary terms: a shareholder vote of a majority of outstanding Orbit shares, required regulatory clearances including the Israel Competition Authority and approval of the Israeli Ministry of Defense, no Company Material Adverse Effect, and other standard conditions. The agreement carries a $14,252,000 termination fee under specified circumstances and a termination right if the merger is not completed within 270 days of signing. A voting agreement with certain FIMI‑affiliated funds commits their Orbit shares in favor of the merger.
Kratos Defense & Security Solutions (KTOS) filed an 8-K announcing it issued a press release covering its third quarter 2025 financial results. The disclosure is under Item 2.02: Results of Operations and Financial Condition, with the full press release furnished as Exhibit 99.1. Kratos’ common stock trades on the NASDAQ Global Select Market under the symbol KTOS. The filing date is November 4, 2025.
Kratos Defense (NASDAQ:KTOS) filed an 8-K announcing an underwritten public offering of 14,935,065 common shares (including the over-allotment option) at $38.50 per share, closing on 27 Jun 2025.
Gross proceeds are roughly $575 million before underwriting discounts. Management plans to deploy the cash to scale high-priority National Security programs, pursue strategic acquisitions, reduce debt and for general corporate purposes. The shares were issued under the S-3ASR shelf registration declared effective on 21 Feb 2024.
The underwriting agreement includes customary representations, indemnities and termination provisions. Press releases covering the launch and pricing of the offering are attached as Exhibits 99.1 and 99.2.