Leonardo Drs, Inc. · NASDAQ:DRS
Leonardo Drs — Q4 2025 Earnings Presentation
11 slides from Leonardo Drs's earnings presentation, Feb 24, 2026
Slide 1: Quarterly Earnings Presentation Q4 | 2025
Quarterly Earnings Presentation Q4 | 2025 February 24, 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements In this presentation, when using the terms the “company,” “DRS,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary stat
Slide 3: Key Messages
Key Messages Another banner year of strong customer demand, fueling double-digit revenue growth • Received $4.2 billion in bookings throughout 2025, which marks the fourth consecutive year of a book-to-bill ratio at or above 1.2x 1 • Multi-year track record of robust bookings provides backlog visibi
Slide 4: Q4 2025 Leonardo DRS Results Summary
Q4 2025 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $158 $114 $1,060 $148 $101 $981 ▲ 8% ▲ 7% ▲ 13% Tactical radars, electric power and propulsion and Increased operating advanced infrared sensing Ad
Slide 5: Full Year 2025 Leonardo DRS Results Summary
Full Year 2025 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $3,648 $308 $3,234 $453 ▲ 13% $400 ▲ 13% $249 ▲ 24% Adjusted EBITDA growth from higher volume and Increased operating improved profitability
Slide 6: Segment Results
Segment Results 6
Slide 7: Q4 2025 Segment Results Summary
Q4 2025 Segment Results Summary Revenue Segment Adjusted EBITDA * Segment Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) $152 21.1% $722 $660 ▲ 9% ▲ 49% 15.5% ▲ 560 bps $102 Quarterly growth was Adjusted EBITDA growth driven by the quantum p
Slide 8: Full Year 2025 Segment Results Summary
Full Year 2025 Segment Results Summary Revenue Segment Adjusted EBITDA * Segment Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) 13.4% $2,355 $316 12.4% $2,118 ▲ 100 bps ▲ 11% $262 ▲ 21% Higher volume and the Growth was evident quantum laser
Slide 9: Initiating 2026 Guidance
Initiating 2026 Guidance Driving Healthy Organic Revenue and Adjusted EBITDA Margin Expansion (In millions, except per share amounts) • Strong backlog-driven visibility into revenue range • Timing and level of material receipts and progress of labor Revenue inputs are the largest factors driving the
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions and Reconciliations (Dollars in millions) Three Months Ended Twelve Months Ended December 31, December 31, In addition to the results reported in accordance with U.S. GAAP included throughout this 2024 2025 2024 2025 presentation, the company has provided info
Slide 11: Non-GAAP Financial Measures (Continued)
Non-GAAP Financial Measures (Continued) Definitions and Reconciliations (In millions, except per share amounts) Three Months Ended Twelve Months Ended December 31, December 31, Adjusted Net Earnings and Adjusted Diluted EPS are defined as net earnings 2024 2025 2024 2025 excluding amortization of ac