Leidos Holdings, Inc. (LDOS) Financial Statements

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Leidos financial statements at a glance

Leidos reported revenue of $17.17 billion for fiscal year 2026 (ended December 31, 2025), up 3.1% from fiscal year 2025. Net income was $1.45 billion, a net margin of 8.4%, and diluted earnings per share were $11.14.

At the end of fiscal year 2026 it had total assets of $13.49 billion, total liabilities of $8.53 billion and shareholders' equity of $4.92 billion, with cash and short-term investments of $1.11 billion and total debt of $5.24 billion.

Its operations brought in $1.75 billion of cash; capital spending was $125.00 million, leaving free cash flow of $1.63 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

LDOS logo

Leidos Holdings, Inc.

LDOSUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
17.17B
Prev Year: 16.66B
YoY: +3.1%
Operating Revenue
17.17B
Prev Year: 16.66B
YoY: +3.1%
Total Operating Income as Reported
2.11B
Prev Year: 1.83B
YoY: +15.4%
Weighted Average Shares (diluted)
130.00M
Prev Year: 136.00M
YoY: -4.4%
Weighted Average Shares (basic)
128.00M
Prev Year: 134.00M
YoY: -4.5%
Diluted EPS
11.14
Prev Year: 9.22
YoY: +20.8%
Basic EPS
11.31
Prev Year: 9.36
YoY: +20.8%
Noncontrolling Interests
-14.00M
Prev Year: 3.00M
YoY: -566.7%
Write-offs
5.00M
Prev Year: 11.00M
YoY: -54.5%
Equity in Earnings of Affiliates
32.00M
Prev Year: 39.00M
YoY: -17.9%
Cost of Revenue
14.07B
Prev Year: 13.86B
YoY: +1.5%
Gross Profit
3.10B
Prev Year: 2.80B
YoY: +10.8%
Operating Expense
999.00M
Prev Year: 983.00M
YoY: +1.6%
Selling General and Administrative
999.00M
Prev Year: 983.00M
YoY: +1.6%
Operating Income
2.10B
Prev Year: 1.81B
YoY: +15.7%
Net Non Operating Interest Income Expense
-203.00M
Prev Year: -193.00M
YoY: -5.2%
Non-operating Interest Expense
203.00M
Prev Year: 193.00M
YoY: +5.2%
Non-operating Interest Income
-
Other Income Expense
12.00M
Prev Year: 17.00M
YoY: -29.4%
Special Income Charges
-23.00M
Prev Year: -27.00M
YoY: +14.8%
Gain on Sale of Securities
-
Restructuring and Mergers Acquisition
18.00M
Prev Year: 16.00M
YoY: +12.5%
Other Non-operating Income (expense)
3.00M
Prev Year: 5.00M
YoY: -40.0%
Pre-tax Income
1.91B
Prev Year: 1.64B
YoY: +16.5%
Provision for Income Taxes
447.00M
Prev Year: 388.00M
YoY: +15.2%
Net Income Common Stockholders
1.45B
Prev Year: 1.25B
YoY: +15.5%
Net Income
1.45B
Prev Year: 1.25B
YoY: +15.5%
Net Income Including Non-Controlling Interests
1.46B
Prev Year: 1.25B
YoY: +16.9%
Net Income from Continuing Operations
1.46B
Prev Year: 1.25B
YoY: +16.9%
Diluted NI Available to Com Stockholders
1.45B
Prev Year: 1.25B
YoY: +15.5%
Total Expenses
15.07B
Prev Year: 14.85B
YoY: +1.5%
Net Income from Continuing and Discontinued Operation
1.45B
Prev Year: 1.25B
YoY: +15.5%
Normalized Income
1.47B
Prev Year: 1.27B
YoY: +15.0%
Interest Expense
203.00M
Prev Year: 193.00M
YoY: +5.2%
Net Interest Income
-203.00M
Prev Year: -193.00M
YoY: -5.2%
EBIT
2.11B
Prev Year: 1.83B
YoY: +15.3%
EBITDA
2.40B
Prev Year: 2.12B
YoY: +13.2%
Reconciled Cost of Revenue
14.07B
Prev Year: 13.86B
YoY: +1.5%
Reconciled Depreciation
290.00M
Prev Year: 290.00M
YoY: 0.0%
Interest Income
-
Net Income from Continuing Operation Net Minority Interest
1.45B
Prev Year: 1.25B
YoY: +15.5%
Total Unusual Items Excluding Goodwill
-23.00M
Prev Year: -27.00M
YoY: +14.8%
Total Unusual Items
-23.00M
Prev Year: -27.00M
YoY: +14.8%
Normalized EBITDA
2.42B
Prev Year: 2.15B
YoY: +12.8%
Tax Rate for Calcs
0.234
Prev Year: 0
Tax Effect of Unusual Items
-5.38M
Prev Year: -6.40M
YoY: +15.9%
Values in USD

Leidos key figures by fiscal year

FY2026FY2025FY2024FY2023FY2022
Revenue$17.2B$16.7B$15.4B$14.4B$13.7B
Gross profit$3.1B$2.8B$2.2B$2.1B$2.0B
Operating income$2.1B$1.8B$1.3B$1.1B$1.2B
Net income$1.4B$1.3B$199.0M$685.0M$753.0M
Diluted EPS$11.14$9.22$1.44$4.96$5.27
Total assets$13.5B$13.1B$12.7B$13.1B$13.3B
Total liabilities$8.5B$8.6B$8.4B$8.7B$8.9B
Shareholders' equity$4.9B$4.4B$4.2B$4.3B$4.3B
Cash and short-term investments$1.1B$943.0M$777.0M$516.0M$727.0M
Total debt$5.2B$5.3B$5.2B$5.5B$5.7B
Operating cash flow$1.8B$1.4B$1.2B$992.0M$1.0B
Capital spending$125.0M$149.0M$207.0M$129.0M$104.0M
Free cash flow$1.6B$1.2B$958.0M$863.0M$929.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Leidos's revenue in fiscal year 2026?

$17.17 billion, up 3.1% from $16.66 billion in fiscal year 2025.

How much profit does Leidos make?

Leidos reported net income of $1.45 billion for fiscal year 2026 (8.4% of revenue); operating income was $2.10 billion.

How much cash and debt does Leidos have?

At the end of fiscal year 2026: cash and short-term investments of $1.11 billion and total debt of $5.24 billion.

What is Leidos's free cash flow?

$1.63 billion in fiscal year 2026 (operating cash flow of $1.75 billion minus capital spending of $125.00 million).

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