Leidos (LDOS) Q4 2025 10-Q Quarterly Report

Filed: Nov 4, 2025Period ending Oct 3, 2025
Information Technology
Services-Computer Integrated Systems DesignSEC EDGAR

Leidos (LDOS) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Oct 3, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Leidos Q4 2025 10-Q Analysis

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

Leidos Q4 2025 Quarterly Financials
XBRL

Revenue

$4.4B

+6.7% YoY +5.1% QoQ

Net Income

$367M

+0.8% YoY -6.1% QoQ

Operating Margin

12.0%

-35bp YoY -146bp QoQ

Net Margin

8.2%

-48bp YoY -99bp QoQ

ROE

7.5%

Total Assets

$13.5B

EPS (Diluted)

$2.82

+4.1% YoY -6.9% QoQ

Operating Cash Flow

$711M

+8.4% YoY +46.3% QoQ

Source: XBRL data from Leidos Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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