Leonardo DRS (DRS) Operating Expenses (2020 - 2026)

Leonardo DRS (DRS) posted Operating Expenses of $130.0 million for Q1 2026, down 4.41% quarter-over-quarter from $136.0 million in Q4 2025, and up 11.11% year-on-year from $117.0 million in Q1 2025.

Leonardo DRS (DRS) Operating Expenses (2020 - 2026) Analysis & Trends

Leonardo DRS (DRS) has reported Operating Expenses for 7 consecutive years, with $130.0 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $130.0 million, up 11.11% year-over-year; the trailing twelve-month figure through Mar 2026 was $510.0 million (up 18.6% YoY), and the FY2025 annual result was $497.0 million, up 20.05% from the prior year.
  • Operating Expenses was $130.0 million for Q1 2026 at Leonardo DRS, down from $136.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $136.0 million in Q4 2025 and troughed at $76.0 million in Q1 2022.
  • Average Operating Expenses over 5 years is $104.8 million, with a median of $101.0 million recorded in 2022.
  • Year-over-year, Operating Expenses surged 41.18% in 2022 and decreased 4.95% in 2023.
  • Over 5 years, Operating Expenses stood at $96.0 million in 2022, then gained by 2.08% to $98.0 million in 2023, then rose by 10.2% to $108.0 million in 2024, then advanced by 25.93% to $136.0 million in 2025, then retreated by 4.41% to $130.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $130.0 million in Q1 2026, $136.0 million in Q4 2025, and $123.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Boeing 1,106.33 Bn 1,085.43 Bn 2.55 Bn 2.10 Bn
2 Rtx 258.51 Bn 253.40 Bn 9.08 Bn 19.59 Bn
3 General Dynamics 174.86 Bn 171.21 Bn 9.09 Bn 12.06 Bn
4 Lockheed Martin 119.99 Bn 118.10 Bn 2.08 Bn -
5 Howmet Aerospace 107.26 Bn 104.82 Bn 854.00 Mn 120.00 Mn
6 TransDigm 76.18 Bn 72.30 Bn 1.51 Bn 273.00 Mn
7 Northrop Grumman 73.88 Bn 71.79 Bn 3.45 Bn 8.89 Bn
8 Rocket Lab 60.59 Bn 59.31 Bn 76.49 Mn 132.46 Mn
9 L3Harris Technologies 54.60 Bn 54.60 Bn 1.40 Bn 750.00 Mn
10 Leonardo DRS 128.07 Mn -199.93 Mn 212.00 Mn 130.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 130.00 Mn
Dec 31, 2025 136.00 Mn
Sep 30, 2025 123.00 Mn
Jun 30, 2025 121.00 Mn
Mar 31, 2025 117.00 Mn
Dec 31, 2024 108.00 Mn
Sep 30, 2024 98.00 Mn
Jun 30, 2024 107.00 Mn
Mar 31, 2024 101.00 Mn
Dec 31, 2023 98.00 Mn
Sep 30, 2023 96.00 Mn
Jun 30, 2023 90.00 Mn
Mar 31, 2023 100.00 Mn
Dec 31, 2022 96.00 Mn
Sep 30, 2022 101.00 Mn
Jun 30, 2022 84.00 Mn
Mar 31, 2022 76.00 Mn
Dec 31, 2021 68.00 Mn
Sep 30, 2021 73.00 Mn
Jun 30, 2021 73.00 Mn