Leidos Holdings, Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial performance and operations. Leidos is a company that provides services and solutions for government and commercial customers in the United States and internationally. It operates through segments such as National Security & Digital, Health & Civil, Commercial & International, and Defense Systems. The company was founded in 1969 and is headquartered in Reston, Virginia.
In the latest report, Leidos reported revenues of $4,469 million for the three months ended October 3, 2025, representing a 6.7% increase compared to the same period in 2024. For the nine months ended October 3, 2025, revenues amounted to $12,967 million, reflecting a 5.4% increase from the previous year. The company's operating income for the three months ended October 3, 2025, was $535 million, a 3.7% increase from the same period in 2024. For the nine months ended October 3, 2025, operating income stood at $1,636 million, marking a significant 16.4% increase compared to the prior year.
The segment-wise performance for the three months ended October 3, 2025, showed that the National Security & Digital segment reported revenues of $2,015 million, up 8.0% from the same period in 2024. The Health & Civil segment generated revenues of $1,301 million, reflecting a 6.2% increase, while the Commercial & International segment reported revenues of $571 million, representing a slight decrease of 1.2%. The Defense Systems segment recorded revenues of $582 million, marking an 11.5% increase.
In terms of backlog, Leidos recorded net bookings worth an estimated $5.9 billion and $11.9 billion during the three and nine months ended October 3, 2025, respectively. The estimated value of the company's total backlog stood at $47,656 million as of October 3, 2025, indicating a growth from the previous year.
The company also provided an overview of its liquidity and capital resources, reporting $974 million in cash and cash equivalents as of October 3, 2025. Leidos has a senior unsecured revolving credit facility that can provide up to $1 billion in additional borrowing if required, with no outstanding borrowings as of the same date.
Following these announcements, the company's shares moved 4.6%, and are now trading at a price of $201.93. For the full picture, make sure to review Leidos's 10-Q report.
