Short answer
Leidos (LDOS) filed its Q4 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Oct 3, 2025. Quarterly revenue was $4.4B (up 6.7% year over year) with net income of $367M.
Q4 2025 key financials · XBRL
- Revenue
- $4.4B
- +6.7% YoY · +5.1% QoQ
- Net income
- $367M
- +0.8% YoY · −6.1% QoQ
- Operating margin
- 12.0%
- EPS (diluted)
- $2.82
- +4.1% YoY · −6.9% QoQ
Source: XBRL data from the Leidos (LDOS) Q4 2025 10-Q on SEC EDGAR. USD.
Leidos Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4,469M, up 6.7% YoY from $4,190M in Q3 FY24
- Operating margin decreased to 12.0% vs 12.3% YoY; 9-month margin improved to 12.6% vs 11.4%
- Best segment: National Security & Digital, revenues up 8.0% to $2,015M; worst: Commercial & International, revenues down 1.2% to $1,301M
- Operating cash flow $1,255M, up $64M YoY; financing cash outflow $595M, increased $338M due to $450M senior loan prepayment
- Management notes government shutdown risks, expects FY26 budget completion by year-end, and highlights tax savings from new legislation reducing tax payments ~$150M in 2025
Risk Factors
- No material changes to risk factors from the annual report on Form 10-K for year ended January 3, 2025
- Contract dependency risk from government defense spending fluctuations carrying forward
- Cybersecurity threats risk remains critical due to sensitive government-related operations
- Competitive pressures risk continues with government contracting landscape intensity
- Liquidity risk stable with sufficient cash flows and manageable debt maturity profile
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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