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Will KTOS generate positive full-year FY2026 operating cash flow?
Current Prediction
Prediction Distribution
Individual Predictions(9 runs)
Q4 FY2025 generated $12.1M OCF. Revenue growth increases receivables and inventory. DSOs at 121 days. Higher-margin businesses ramping. Close call.
CEO said OCF ramps in FY2027-2028. FY2026 may be near zero or slightly negative.
Appropriation signed helps payments. Seasonal Q4 software sales. But inventory build for SRMs and engines consumes cash.
$300M revenue growth means ~$100M receivables increase at 121 DSO. Plus inventory. Likely negative.
Prometheus JV funding ($50M) and program investments consume cash. Lean NO.
Near coin flip. Revenue growth drives WC consumption. Collections could offset.
Near zero likely. Could be slightly positive or negative.
Working capital growth and investments suggest slight negative.
Investment intensity slightly favors negative OCF.
Resolution Criteria
Resolves YES if KTOS reports positive operating cash flow for FY2026 in the annual 10-K filing or FY2026 earnings release. Resolves NO if operating cash flow is negative for full FY2026.
Resolution Source
KTOS FY2026 10-K filing or earnings release
Source Trigger
Negative operating cash flow for 2+ consecutive quarters signals stress
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