Leonardo DRS, Inc.DRSEarnings & Financial Report
Leonardo DRS, Inc. is a United States–based defense contractor. Originally founded as DRS Technologies, Inc. and traded on the NYSE, it was acquired by Leonardo’s predecessor Finmeccanica in 2008. Leonardo DRS provides advanced defense technologies and systems primarily to the U.S. military.
DRS Q3 2025 Key Financial Metrics
Revenue
$960.0M
Gross Profit
$222.0M
Operating Profit
$93.0M
Net Profit
$72.0M
Gross Margin
23.1%
Operating Margin
9.7%
Net Margin
7.5%
YoY Growth
18.2%
EPS
$0.26
Financial Flow
Leonardo DRS, Inc. Q3 2025 Financial Summary
Leonardo DRS, Inc. reported revenue of $960.0M for Q3 2025, with a net profit of $72.0M (7.5% margin). Cost of goods sold was $738.0M, operating expenses totaled $129.0M.
Key Financial Metrics
| Total Revenue | $960.0M |
|---|---|
| Net Profit | $72.0M |
| Gross Margin | 23.1% |
| Operating Margin | 9.7% |
| Report Period | Q3 2025 |
Leonardo DRS, Inc. Annual Revenue by Year
Leonardo DRS, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $3.2B).
| Year | Annual Revenue |
|---|---|
| 2024 | $3.2B |
| 2023 | $2.8B |
| 2022 | $2.7B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $926.0M | $688.0M | $753.0M | $812.0M | $981.0M | $799.0M | $829.0M | $960.0M |
| YoY Growth | 12.9% | 20.9% | 19.9% | 15.5% | 5.9% | 16.1% | 10.1% | 18.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.92B | $3.78B | $3.82B | $3.86B | $4.18B | $4.10B | $4.08B | $4.25B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $2.33B | $2.35B | $2.41B | $2.47B | $2.56B | $2.57B | $2.60B | $2.65B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $515.0M | $-265.0M | $34.0M | $59.0M | $443.0M | $-138.0M | $-28.0M | $107.0M |
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