| Schedule of revenue by category |
The following tables present the Company’s revenue disaggregated by operating group, contract type, customer category and geographic location (in thousands). | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | January 31, | | January 25, | | January 31, | | January 25, | | Revenue by operating group | | 2026 | | 2025 | | 2026 | | 2025 | | Uncrewed Aircraft Systems | | $ | 89,842 | | $ | 59,766 | | $ | 243,099 | | $ | 249,041 | | Precision Strike and Defense Systems | | | 158,165 | | | 84,795 | | | 515,020 | | | 214,483 | | Other | | | 30,737 | | | 23,075 | | | 107,523 | | | 82,053 | | Space and Directed Energy | | | 53,198 | | | — | | | 199,872 | | | — | | Cyber and Mission Services | | | 76,103 | | | — | | | 269,715 | | | — | | Total revenue | | $ | 408,045 | | $ | 167,636 | | $ | 1,335,229 | | $ | 545,577 | |
| | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | January 31, | | January 25, | | January 31, | | January 25, | | Revenue by contract type | | 2026 | | 2025 | | 2026 | | 2025 | | FFP | | $ | 280,369 | | $ | 148,768 | | $ | 880,854 | | $ | 489,388 | | Cost Plus | | | 95,802 | | | 17,372 | | | 346,080 | | | 52,413 | | T&M | | | 31,874 | | | 1,496 | | | 108,295 | | | 3,776 | | Total revenue | | $ | 408,045 | | $ | 167,636 | | $ | 1,335,229 | | $ | 545,577 | |
| | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | January 31, | | January 25, | | January 31, | | January 25, | | Revenue by customer category | | 2026 | | 2025 | | 2026 | | 2025 | | U.S. government | | $ | 365,816 | | $ | 129,029 | | $ | 1,158,722 | | $ | 418,345 | | Non-U.S. government | | | 42,229 | | | 38,607 | | | 176,507 | | | 127,232 | | Total revenue | | $ | 408,045 | | $ | 167,636 | | $ | 1,335,229 | | $ | 545,577 | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | January 31, | | January 25, | | January 31, | | January 25, | | Revenue by geographic location | | 2026 | | 2025 | | 2026 | | 2025 | | Domestic | | $ | 226,110 | | $ | 104,097 | | $ | 933,848 | | $ | 258,053 | | International | | | 181,935 | | | 63,539 | | | 401,381 | | | 287,524 | | Total revenue | | $ | 408,045 | | $ | 167,636 | | $ | 1,335,229 | | $ | 545,577 | |
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| Schedule of reconciliation of basic to diluted shares |
The reconciliation of basic to diluted shares is as follows (in thousands except share data): | | | | | | | | | | | | | | | | | Three Months Ended | | | Nine Months Ended | | | | January 31, 2026 | | January 25, 2025 | | January 31, 2026 | | January 25, 2025 | | Net (loss) income | | $ | (243,823) | | $ | (1,754) | | $ | (328,296) | | $ | 26,955 | | Denominator for basic (loss) earnings per share: | | | | | | | | | | | | | | Weighted average common shares | | | 49,741,441 | | | 28,031,901 | | | 48,761,481 | | | 28,001,089 | | Dilutive effect of employee stock options, restricted stock and restricted stock units | | | — | | | — | | | — | | | 170,000 | | Denominator for diluted (loss) earnings per share | | | 49,741,441 | | | 28,031,901 | | | 48,761,481 | | | 28,171,089 | |
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