Leonardo DRS reported Q4 2025 revenue of USD 1.1 billion (up 8%) and net earnings of USD 102 million (up 15%), with adjusted EBITDA of USD 158 million (up 7%) and diluted EPS of USD 0.38 (up 15%). Adjusted diluted EPS was USD 0.42 (up 11%). Q4 2025 bookings were USD 1.1 billion and backlog was USD 8.7 billion (up 3%). For FY 2025, Leonardo DRS posted revenue of USD 3.6 billion (up 13%) and net earnings of USD 278 million (up 31%), with adjusted EBITDA of USD 453 million (up 13%) and diluted EPS of USD 1.03 (up 29%). Adjusted diluted EPS was USD 1.15 (up 24%). FY 2025 bookings were USD 4.2 billion, for a book-to-bill ratio of 1.2x, and year-end backlog was USD 8.7 billion. The results included two non-routine items: a 10-year quantum laser IP license agreement totaling USD 100 million, resulting in a USD 73 million net present value reflected in Q4 and FY 2025 revenue and adjusted EBITDA, and a memorandum of understanding to conclude work on a legacy foreign ground surveillance program, which reduced FY 2025 revenue by USD 67 million and adjusted EBITDA by USD 65 million. The company said demand during 2025 was most apparent for electric power and propulsion, advanced infrared sensing, counter-UAS, naval network computing and tactical radar technologies. Operating cash flow was USD 425 million in Q4 and USD 366 million in FY, while free cash flow was USD 376 million in Q4 and USD 227 million in FY. Leonardo DRS paid a USD 0.09 per share dividend in Q4 and declared another USD 0.09 per share dividend payable March 24, 2026, and repurchased USD 11 million of shares in Q4. Leonardo DRS initiated 2026 guidance for revenue of USD 3.85 billion to USD 3.95 billion, adjusted EBITDA of USD 505 million to USD 525 million, and adjusted diluted EPS of USD 1.20 to USD 1.26.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leonardo DRS Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001833756-26-000009), on February 24, 2026, and is solely responsible for the information contained therein.