Leidos Holdings, Inc. FY 2026 10-K, explained in plain English

Key financials — as reported

Total revenue	$17.1B
Gross margin	17.7%
Operating income	$2.1B
Net income	$1.4B
Diluted EPS	$11.14
Cash & equivalents	$1.1B
Total assets	$13.5B
Long-term debt	$4.6B

Key takeaway

Leidos reported $17.1 billion in fiscal 2025 revenue with $1.448 billion in net income and diluted EPS of $11.14.

🔒 4 more takeaways in the full analysis

Beneath the surface

Long-term debt of $4.628 billion versus only $1.108 billion in cash and equivalents ($1.204 billion including restricted cash) leaves Leidos with roughly $3.4-3.5 billion in net debt, a more leveraged position than the headline cash figure alone suggests.

🔒 3 more insights a headline reader would miss