Science Applications International Corp

Listed Company

SAICCIK 0001571123NasdaqLarge AcceleratedServices-Computer Integrated Systems DesignDelawareFY ends Jan 29

Period

FY 2026

Revenue

$7.26B

Net Income

$358.00M

Total Assets

$5.35B

Equity

$1.50B

Shares Out

43.42M

Op. Cash Flow

$609.00M

Business

Science Applications International Corp provides technical, engineering and enterprise information technology services primarily to the U.S. government. It offers systems design, development, modernization, integration, sustainment, IT modernization, digital engineering, artificial intelligence, weapon systems support, training and simulation, and ground vehicle support as integrated end-to-end solutions. The company operates through five customer-facing business groups aggregated into two reportable segments: Defense and Intelligence, and Civilian, supported by an Innovation Factory that builds enterprise-class capabilities. Substantially all work is performed for U.S. federal, state and local government customers via prime contracts, subcontracts, IDIQs and government schedule vehicles.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenues	7,262	7,479	7,444	7,704	7,394
Cost of revenues	6,390	6,587	6,572	6,816	6,535
Selling, general and administrative expenses	350	339	373	374	344
(Gain) loss on divestitures, net of transaction costs	0	0	−240	0	−2
Other operating (income) expense	1	−10	−2	13	−1
Operating income	521	563	741	501	462
Interest expense, net	128	126	120	—	—
Other (income) expense, net	6	9	1	8	−1
Income before income taxes	387	428	620	375	358
Provision for income taxes	−29	−66	−143	−72	−79
Net income	358	362	477	303	279
Basic (in dollars per share)	7.73	7.23	8.98	5.42	4.81
Diluted (in dollars per share)	7.7	7.17	8.88	5.38	4.77

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	182	56	94	109	106
Receivables, net	853	1,000	914	936	1,015
Prepaid expenses	122	78	93	58	57
Other current assets	22	20	30	23	21
Total current assets	1,179	1,154	1,131	1,197	1,263
Goodwill	2,944	2,851	2,851	2,911	2,913
Intangible assets, net	761	779	894	1,009	1,132
Property, plant, and equipment, net	110	104	91	92	100
Operating lease right of use assets	193	164	152	158	209
Other assets	167	194	195	162	129
Total assets	5,354	5,246	5,314	5,543	5,746
Accounts payable	500	631	567	624	612
Accrued payroll and other employee benefits	201	219	249	205	227
Accrued vacation	115	120	121	123	137
Other accrued liabilities	147	113	144	143	228
Debt, current portion	19	313	77	31	148
Total current liabilities	982	1,396	1,158	1,126	1,352
Debt, net of current portion	2,468	1,907	2,022	2,343	2,370
Operating lease liabilities	198	173	147	152	192
Deferred income taxes	104	24	28	0	43
Other long-term liabilities	102	169	174	218	160
Commitments and contingencies (Note 17)	—	—	—	—	—
Common stock, $0.0001 par value, 1 billion shares authorized, 44 million shares and 48 million shares issued and outstanding as of January 30, 2026 and January 31, 2025, respectively	0	0	0	0	0
Additional paid-in capital	0	0	337	637	838
Retained earnings	1,492	1,565	1,432	1,035	818
Accumulated other comprehensive income	8	12	16	22	−37
Total stockholders' equity	1,500	1,577	1,785	1,694	1,619
Total liabilities and stockholders' equity	5,354	5,246	5,314	5,543	5,746

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	149	140	142	157	165
Deferred income taxes	81	−3	−17	−17	59
Stock-based compensation expense	64	53	68	48	46
Gain on divestitures	0	0	−247	0	−2
Other	1	−7	−6	−1	0
Receivables	161	−86	−46	79	−31
Prepaid expenses and other current assets	−44	24	−43	−10	14
Accounts payable and other accrued liabilities	−101	48	13	−9	30
Accrued payroll and employee benefits	−28	−31	49	−36	10
Operating lease assets and liabilities, net	−2	−6	−4	−3	5
Other assets and other long-term liabilities, net	−30	0	10	15	−46
Net cash provided by operating activities	609	494	396	532	518
Cash paid for acquisition, net of cash acquired	−203	0	0	0	−255
Expenditures for property, plant, and equipment	−32	−36	−27	−25	−36
Contributions to investments	11	7	10	—	—
Purchases of marketable securities	−9	−14	−8	−7	−9
Sales of marketable securities	7	12	6	4	6
Proceeds from sale of equity method investments	0	10	0	0	—
Proceeds from divestitures	0	0	356	0	8
Cash divested upon deconsolidation of joint venture	0	0	−8	0	0
Other	0	0	5	−8	−6
Net cash (used in) provided by investing activities	−248	−35	314	−36	−292
Proceeds from borrowings	2,745	1,499	160	840	116
Principal payments on borrowings	−2,474	−1,381	−441	−990	−119
Stock repurchased and retired or withheld for taxes on equity awards	−445	−558	−382	−267	−226
Dividend payments to stockholders	−70	−75	−79	−83	−86
Issuances of stock	22	20	17	16	16
Debt issuance costs	−9	0	0	−6	0
Other	−4	−3	0	−3	—
Net cash used in financing activities	−235	−498	−725	−493	−301
Net increase (decrease) in cash, cash equivalents and restricted cash	126	−39	−15	3	−75
Cash paid for interest	101	121	125	111	98
Increase (decrease) in accrued property, plant, and equipment	2	2	−1	−1	−2
Increase (decrease) in accrued plan share repurchases	−1	1	1	−2	2
Increase in accrued excise taxes on plan share repurchases	3	5	3	0	—

Filings

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