KTOS · Kratos Defense & Security Solutions, Inc.

Track KTOS — free

$64.58 +1.79 (+2.85%) At close · Aug 14

Market Cap

$12.12B

187.72M

Up next

Next earnings call

Nov 2, 2026 Est · unconfirmed · in 11 wks

FQ3-26 quarter ends

~Sep 27, 2026 Est

Latest filing: 10-Q

filed Aug 4, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

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Equibles Research

our published analysis of this company

Research Thesis July 16, 2026

Rocket Lab: Backlog is converting, but the $39B market cap is paying for a Neutron debut the company has yet to validate

Rocket Lab enters Q2 2026 with record backlog of $2,219.8M and guided revenue of $225.0M–$240.0M, yet the stock trades at -55.2% from its $150.23 high on a $39.0B market cap against $679.6M of trailing revenue — a gap the equity-funded growth model and the un-flown Neutron debut have to close.

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 14.3 · calm Equity put/call 0.52

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg −12%

below

Price vs 50-day avg +22%

above

RSI (14) 70

overbought

MACD trend Positive

52-week position 24%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Weak

1-month return +40%

trailing

6-month return −32%

trailing

YTD return −15%

this year

Relative strength −45%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $53 › 200d $74 — 200d above 50d

Institutional flow Distributing

-14% holders QoQ · +106 funds added

Insider flow Distributing

Net -$4.0M over 90 days · 100% sells

Short interest Falling

5.09% of float · ▼ -8.0% MoM · 2.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

617 holders — mid 3-yr range

Squeeze score 64

elevated · 0–100

Fundamentals

Excellent

Revenue growth +12%

Y/Y

Gross margin 41%

contracting

EPS growth +18%

Y/Y

Valuation P/E 379.9

rich

Balance sheet $559.8M

net cash

Quant / Vol

risk profile

Very High

Volatility 72%

annualized · 1-yr

Max drawdown −66%

past year

ATR 5.7%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the 8-K filed Aug 4, 2026

Full Year 2026

Revenues $1.75B – $1.81B

Organic Revenue Growth 18% – 23%

third quarter

Organic Growth 19% – 25%

fourth quarter

Organic Growth 19% – 31%

Prior guidance period ended · from the 8-K filed Feb 23, 2026

Revenues · Q126 $335M – $345M

Operating Income · Q126 $2M – $4M

R&D · Q126 $11M – $12M

Depreciation · Q126 $10M – $11M

Amortization · Q126 $3M – $4M

Adjusted EBITDA · Q126 $25M – $30M

Stock Based Compensation · Q126 $10M – $11M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

2 · 3 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−12% Bearish

Price vs 50-day avg

+22% Bullish

RSI (14)

70 Bearish

MACD trend

Positive Bullish

52-week position

24% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $53 › 200d $74 — 200d above 50d

Institutional flow Distributing

-14% holders QoQ · +106 funds added

Insider flow Distributing

Net -$4.0M over 90 days · 100% sells

Short interest Falling

5.09% of float · ▼ -8.0% MoM · 2.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

617 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $44 Now $65 · 24% Range high $131

vs 200-day avg -12% vs 50-day avg +22%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted EBITDA non-GAAP	$38.2M	second quarter 2026	—

Adjusted EPS non-GAAP	$0.21	second quarter 2026	—

Book to Bill Ratio	1.3	Last Twelve Months Ended June 28, 2026	+18.2%

Bookings	$492.2M	second quarter 2026	—

Free Cash Flow Used in Operations	-$18.9M	second quarter 2026	—

KGS Adjusted EBITDA non-GAAP	$33.1M	second quarter 2026	—

KGS Bookings	$413.8M	three months ended June 28, 2026	—

KUS Adjusted EBITDA non-GAAP	$5.1M	second quarter 2026	—

KUS Bookings	$78.4M	three months ended June 28, 2026	—

KUS Total Backlog	$374.6M	end of the second quarter 2026	—

Bid and Proposal Pipeline	$14.3B	As of March 29, 2026	—
Consolidated Book to Bill Ratio	1.2	Last Twelve Months Ended March 29, 2026	+9.1%

Consolidated Bookings	$605.2M	First Quarter 2026	—
KGS Book-to-Bill Ratio	1.2	Last Twelve Months Ended March 29, 2026	+9.1%

KUS Book-to-Bill Ratio	1.2	First Quarter 2026	—
Unfunded Backlog	$553.5M	As of March 29, 2026	—
Free Cash Flow	-$125.4M	full year 2025	—
KUS Book to Bill Ratio	1.2	twelve months ended December 28, 2025	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Aerospace & Defense — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
KTOS Kratos Defense & Security Solutions, Inc. this stock	$12.12B	-14.9%	+12.4%	379.9	5.1%
SPCX Space Exploration Technologies Corp	$1.93T	—	—	—	1.6%
GE General Electric Co	$382.22B	+19.6%	+18.5%	43.4	1.4%
RTX RTX Corp	$300.23B	+21.6%	+17.1%	39.2	1.3%
EADSF Airbus SE/ADR	$194.35B	+7.1%	—	—	0.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

617

% held: 85.1%
Net QoQ: -11.5M sh
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

553

View

Short & Settlement

Short Interest Falling

Shares short

9.5M

Days to cover: 2.9d
Change: -827.4K sh

View

Short Volume

Short vol %

45%

As of: Aug 14, 2026

Short Total

View

Fails to Deliver

FTD shares

Value: $2.4K
As of: Jul 10, 2026

View

Off-Exchange

Off-exchange %

47.3%

Week of: Jul 6, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$4.0M

Buyers / Sellers: 0 / 3

Buyers Sellers

View

Congressional Trades Sell

Member

Alan S. Lowenthal

Amount: $1.0K–$15.0K
Traded: May 14, 2021

View

Financials

Revenue (FY)

$1.3B

Net income (FY): $22.0M
EPS diluted: $0.13

View

Filings

SEC Filings

Latest

8-K

Filed: Aug 4, 2026
This year: 11

View

Proposed Sales

Value

$18.8M

Shares: 300.0K
Filed: Aug 14, 2026

View

Earnings & Events

Earnings Calls

Last call

Aug 4, 2026

View

Performance

	5D	20D	120D	MTD	YTD
KTOS	+6.3%	+40.3%	-31.5%	+38.6%	-14.9%
SPY	+0.4%	+4.5%	+13.8%	+3.9%	+13.9%
vs SPY	+5.9%	+35.9%	-45.3%	+34.7%	-28.8%

Key facts CIK 1069258 CUSIP 50077B207 13F (30d) 567 filings 563 filers Visit website Investor relations

KTOS · Kratos Defense & Security Solutions, Inc.

Price & Indicators

Up next

AI Brief

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance