AcquisitionsMay 6, 2026, 04:25 PM
Kratos Completes Orbit & Nomad Acquisitions; Q1 Net Income $11.9M
AI Summary
Kratos Defense & Security Solutions completed two significant acquisitions in Q1 2026: Orbit Technologies for $352.7 million in cash and Nomad Global Communication Solutions for $88.8 million in common stock and $37.0 million in cash. These strategic moves contributed to a strong financial quarter, with total revenues increasing 22.6% to $371.0 million and net income surging 164% to $11.9 million. The company also reported a substantial increase in cash and cash equivalents, reaching $1,464.3 million, and its total assets grew to $4,042.7 million.
Key Highlights
- Kratos completed the Orbit Technologies acquisition for $352.7 million in cash on March 2, 2026.
- Kratos completed the Nomad Global acquisition for $88.8 million in common stock and $37.0 million in cash on February 11, 2026.
- Total revenues for Q1 2026 increased 22.6% to $371.0 million from $302.6 million year-over-year.
- Net income for Q1 2026 rose 164% to $11.9 million from $4.5 million in the prior year period.
- Diluted EPS for Q1 2026 was $0.07, up from $0.03 in the three months ended March 30, 2025.
- Cash and cash equivalents surged to $1,464.3 million at March 29, 2026, from $560.6 million at December 28, 2025.
- Total assets increased to $4,042.7 million at March 29, 2026, from $2,467.2 million at December 28, 2025.
- Remaining performance obligations were approximately $2.011 billion as of March 29, 2026.