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.
Revenue
$812.0M
Gross Profit
$179.0M
Operating Profit
$75.0M
Net Profit
$57.0M
Gross Margin
22.0%
Operating Margin
9.2%
Net Margin
7.0%
YoY Growth
15.5%
EPS
$0.21
Leonardo DRS, Inc. Q3 FY2024 Financial Summary
Leonardo DRS, Inc. reported revenue of $812.0M (up 15.5% YoY) for Q3 FY2024, with a net profit of $57.0M (up 21.3% YoY) (7.0% margin). Cost of goods sold was $633.0M, operating expenses totaled $104.0M.
Key Financial Metrics
| Total Revenue | $812.0M |
|---|---|
| Net Profit | $57.0M |
| Gross Margin | 22.0% |
| Operating Margin | 9.2% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Leonardo DRS, Inc. Q3 FY2024 revenue of $812.0M breaks down across 2 segments, led by Products at $762.0M (93.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $762.0M | 93.8% |
| Services | $50.0M | 6.2% |
Leonardo DRS, Inc. Annual Revenue by Year
Leonardo DRS, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.6B |
| 2024 | $3.2B |
| 2023 | $2.8B |
| 2022 | $2.7B |
Leonardo DRS, Inc. Quarterly Revenue & Net Profit History
Leonardo DRS, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.1B | +8.1% | $102.0M | 9.6% |
| Q3 FY2025 | $960.0M | +18.2% | $72.0M | 7.5% |
| Q2 FY2025 | $829.0M | +10.1% | $54.0M | 6.5% |
| Q1 FY2025 | $799.0M | +16.1% | $50.0M | 6.3% |
| Q4 FY2024 | $981.0M | +5.9% | $89.0M | 9.1% |
| Q3 FY2024 | $812.0M | +15.5% | $57.0M | 7.0% |
| Q2 FY2024 | $753.0M | +19.9% | $38.0M | 5.0% |
| Q1 FY2024 | $688.0M | +20.9% | $29.0M | 4.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $688.0M | $753.0M | $812.0M | $981.0M | $799.0M | $829.0M | $960.0M | $1.06B |
| YoY Growth | 20.9% | 19.9% | 15.5% | 5.9% | 16.1% | 10.1% | 18.2% | 8.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.78B | $3.82B | $3.86B | $4.18B | $4.10B | $4.08B | $4.25B | $4.49B |
| Liabilities | $1.43B | $1.41B | $1.39B | $1.63B | $1.52B | $1.48B | $1.60B | $1.76B |
| Equity | $2.35B | $2.41B | $2.47B | $2.56B | $2.57B | $2.60B | $2.65B | $2.73B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-265.0M | $34.0M | $59.0M | $443.0M | $-138.0M | $-28.0M | $107.0M | $425.0M |