Leonardo DRS, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.6B | $3.2B | $2.8B | $2.7B | $2.9B |
| Cost of revenue | $2.8B | $2.5B | $2.2B | $2.1B | $2.3B |
| Gross profit | $869.0M | $736.0M | $648.0M | $575.0M | $547.0M |
| Research and development | $129.0M | $92.0M | $82.0M | $58.0M | $48.0M |
| Operating income | $348.0M | $293.0M | $231.0M | $561.0M | $236.0M |
| Interest expense | — | $21.0M | $36.0M | $34.0M | $35.0M |
| Pretax income | $336.0M | $264.0M | $192.0M | $525.0M | $200.0M |
| Income tax expense | $58.0M | $51.0M | $24.0M | $120.0M | $46.0M |
| Net income | $278.0M | $213.0M | $168.0M | $405.0M | $154.0M |
| Balance Sheet | |||||
| Cash and equivalents | $647.0M | $598.0M | $467.0M | $306.0M | $240.0M |
| Current assets | $2.3B | $2.2B | $1.9B | $1.7B | $1.4B |
| Total assets | $4.5B | $4.2B | $3.9B | $3.7B | $3.1B |
| Current liabilities | $1.2B | $1.1B | $1.1B | $1.0B | $989.0M |
| Total debt | $347.0M | $365.0M | $406.0M | $394.0M | $393.0M |
| Stockholders' equity | $2.7B | $2.6B | $2.3B | $2.1B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | $366.0M | $271.0M | $205.0M | $33.0M | $178.0M |
| Depreciation and amortization | $93.0M | $91.0M | $85.0M | $65.0M | $58.0M |
| Stock-based compensation | $32.0M | $22.0M | $17.0M | $5.0M | $0 |
| Capital expenditure | $139.0M | $85.0M | $60.0M | $65.0M | $60.0M |
| Free cash flow | $227.0M | $186.0M | $145.0M | -$32.0M | $118.0M |
| Dividends paid | — | $0 | $0 | $396.0M | $0 |
| Share repurchases | $35.0M | $0 | $0 | $0 | $0 |
Shares outstanding 266.8M · Free float 20.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.