LDOS at a glance
Leidos (LDOS, SEC CIK 1336920) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended January 2, 2026 (FY2025), Leidos (LDOS) reported revenue of $17.1 billion (up 3.2% from FY2024) and net income of $1.4 billion. Diluted EPS was $11.14.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding Leidos (LDOS) shares worth $5.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by May Gary Stephen on September 1, 2026 of 1,000 shares at $140.85 per share.
- In the last 90 days, LDOS insiders reported 0 open-market purchases ($0) and 3 open-market sales ($1.5M) on Form 4, a net sale of $1.5M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $17.1B
- +3.2% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$1.5M
- 13F holders
- 38 funds
- $5.3B · −2 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jan 2, 2026
Business Overview
- Core business model: Provides technology, engineering, and scientific services to government and commercial customers, with emphasis on defense, intelligence, and health sectors
- Strategic emphasis on evolving ESG practices amid increased regulatory and stakeholder attention, driving new compliance costs and reputational risk management efforts
- Backlog $49.0B (including $9.7B funded) as of Jan 2, 2026, with revenues dependent on contract realization and subject to government termination rights
- Profitability risk heightened by 43% revenues from Fixed-Price contracts, requiring precise cost estimates amid inflation, subcontractor performance, and force majeure challenges
- Noteworthy focus on operational risks from employee/subcontractor misconduct, data security lapses, and talent retention amid regulatory scrutiny and executive compensation restrictions
Risk Factors
- Regulatory risk: Non-compliance with U.S. government procurement laws may trigger penalties including contract termination, suspension, or debarment from federal contracting
- Macroeconomic threat: Budget Control Act of 2011 and Fiscal Responsibility Act of 2023 impose caps, risking reduced defense spending and DoW contract revenue (49% of total)
- Supply chain vulnerability: Inflation and global supply disruptions raise costs, underpricing risk on fixed-price multi-year U.S. government contracts, pressuring profitability
- Competitive risk: Larger competitors and federal contract research centers intensify competition, potentially reducing contract awards and market share
- Financial risk: Revenues heavily reliant (87%) on U.S. government contracts with budget delays and continuing resolutions risking payment delays and government shutdown impacts
Management Discussion & Analysis
- Revenue $17.174B, up 3% YoY from $16.662B driven by program wins, volume increases, and a $60M acquisition contribution
- Operating margin 12.3% vs 11.0%; Operating income $2.109B, up 15% YoY from $1.827B
- Best segment Health & Civil: revenue $5.069B (+1%), operating margin 23.7% vs 21.8%, operating income $1.202B (+10%); Worst segment Commercial & International: revenue $2.315B (+3%), operating margin 7.2% vs 4.6%, operating income $166M (+60%) but lowest margin
- Cash flow from operations $1.750B (+$315M); Capital allocation includes $211M dividends, $400M open market stock repurchases, and $500M accelerated share repurchase, plus $293M acquisition cash outflow
- Forward outlook notes risks from U.S. government spending uncertainty and competitive pressures; liquidity sufficient for next 12 months including $1.5B amended credit facility and $1.4B bridge loan for $2.4B Entrust acquisition
AI summary of the LDOS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jul 3, 2026
Management Discussion & Analysis
- Share repurchases 543,909 shares at average $126.83 during quarter ended July 3, 2026
- Publicly announced repurchases 512,469 shares; revised 20-million-share authorization in July 2026
AI summary of the LDOS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Board expanded to 11 members with Jeffery S. McElfresh elected director effective October 1, 2026
- McElfresh designated independent under New York Stock Exchange requirements
Item 2.02: Results of Operations and Financial Condition
- Q2 FY2026 results for quarter ended July 3, 2026
- Earnings press release furnished as Exhibit 99.1
AI summaries of LDOS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LDOS
Don't miss the next LDOS filing
- Alerts as it files. A push when LDOS files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut LDOS, by share count.
- Ask anything. An AI agent that reads every LDOS filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SHAPARD ROBERT S | A | Sep 30, 2026 | 5.701 | - |
| Stevens Roy E | A | Sep 30, 2026 | 6.394 | - |
| Cage Christopher R | A | Sep 30, 2026 | 92.778 | - |
| KRAEMER HARRY M JANSEN JR | A | Sep 30, 2026 | 463.07 | - |
| Antal Daniel J. | A | Sep 30, 2026 | 4.711 | - |
| May Gary Stephen | Sell | Sep 1, 2026 | 1,000 | $140.85 |
| Geer Noel B | Sell | Aug 11, 2026 | 8,500 | $140.59 |
| Geer Noel B | Sell | Aug 11, 2026 | 1,500 | $141.07 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $15.3B | $16.6B | $17.1B |
| Operating Income | $621.0M | $1.8B | $2.1B |
| Net Income | $199.0M | $1.3B | $1.4B |
| Op. Margin | 4.0% | 11.0% | 12.3% |
| Net Margin | 1.3% | 7.6% | 8.5% |
| Balance Sheet | |||
| Total Assets | $12.7B | $13.1B | $13.5B |
| Equity | $4.2B | $4.4B | $4.9B |
| ROE | 4.7% | 28.4% | 29.5% |
| Per Share | |||
| EPS | $1.44 | $9.22 | $11.14 |
| Cash Flow | |||
| Operating CF | - | $1.4B | $1.8B |
Source: XBRL data in Leidos (LDOS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LDOS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $5.32B |
| Q1 2026 | 40 | $7.95B |
| Q4 2025 | 39 | $9.25B |
| Q3 2025 | 39 | $10.81B |
| Q2 2025 | 38 | $8.45B |
| Q1 2025 | 36 | $5.65B |
| Q4 2024 | 30 | $5.05B |
| Q3 2024 | 26 | $2.71B |
- Invesco Ltd+747.0K (+31%)
- BlackRock+452.0K (+5%)
- Ameriprise Financial+299.3K (+157%)
- Dimensional Fund Advisors+265.5K (+14%)
- Morgan Stanley+259.7K (+17%)
- FMR LLC (Fidelity)−467.4K (-21%)
- D.E. Shaw & Co−436.8K (-89%)
- JPMorgan Chase & Co−419.8K (-10%)
- Bank of America Corp−299.0K (-28%)
- Franklin Resources−113.0K (-30%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 286 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LDOS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 5, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jul 3, 2026 | Analysis | |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - |
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LDOS SEC filings: frequently asked questions
Are LDOS insiders buying or selling?
In the last 90 days, Leidos (LDOS) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $1.5 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold LDOS stock?
As of June 30, 2026, the largest Leidos (LDOS) holders among the 13F filers tracked by SignalX were BlackRock ($1.0 billion), Vanguard Capital Management LLC ($845.9 million), State Street Corp ($646.4 million), Vanguard Portfolio Management LLC ($552.8 million), JPMorgan Chase & Co ($385.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LDOS's revenue in fiscal year 2025?
For the fiscal year ended January 2, 2026 (FY2025), Leidos (LDOS) reported revenue of $17.1 billion (up 3.2% from FY2024) and net income of $1.4 billion. Diluted EPS was $11.14. The figures come from the XBRL data in the 10-K.
What are the main risks in LDOS's latest 10-K?
In the 10-K filed February 17, 2026, Leidos (LDOS) flagged: Regulatory risk: Non-compliance with U.S. government procurement laws may trigger penalties including contract termination, suspension, or debarment from federal contracting. Macroeconomic threat: Budget Control Act of 2011 and Fiscal Responsibility Act of 2023 impose caps, risking reduced defense spending and DoW contract revenue (49% of total). (AI summary of the Risk Factors section.)
What did LDOS report in its latest 8-K?
Leidos (LDOS) filed an 8-K on October 1, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Board expanded to 11 members with Jeffery S. McElfresh elected director effective October 1, 2026.
What are the latest LDOS SEC filings?
Leidos (LDOS) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on October 2, 2026.
What is LDOS's SEC CIK number?
Leidos (LDOS)'s SEC Central Index Key (CIK) is 1336920. EDGAR lists every LDOS filing under that number.
Ask anything about LDOS
The research agent reads LDOS's filings, financials, insider trades and 13F holders, then answers with sources.