CACI International Inc. Reports Strong Q3 Results for Fiscal Year 2026
In its Q3 financial report for the fiscal year 2026, CACI International Inc. showcased robust growth driven by strategic contract awards and an expanding market environment. The company, a prominent provider of technology solutions and expertise for U.S. government operations, particularly in national security, has demonstrated resilience amid a complex budgetary landscape.
1. Overview of Financial Performance
CACI reported a notable increase in revenues and net income for the three-month period ending March 31, 2026. The company's revenue reached $2.35 billion, a 8.8% increase from $2.16 billion in the same quarter of the previous year. This growth can be attributed to organic expansion fueled by new contract awards and existing program enhancements.
Key Financial Metrics
- Net Income: $130.3 million, up from $111.8 million in Q3 2025
- Operating Income: $228.8 million, compared to $196.3 million in Q3 2025
- Revenue: $2.35 billion, up from $2.16 billion in Q3 2025
- Cost of Revenue: $1.55 billion, reflecting increased direct costs in line with revenue growth
- Operating Expenses: $568.9 million, slightly down from $535.8 million in Q3 2025
| Apr 2025 | Apr 2026 | |
|---|---|---|
Net Income | 476.6M | 536.9M |
Profit | 476.6M | 536.9M |
Net Income Continuing | 476.6M | 536.9M |
Income Tax Expense | 141.1M | 128.3M |
Pretax Income | 617.8M | 665.2M |
Non-operating Income | -137.4M | -189.0M |
Operating Income | 755.2M | 854.2M |
Revenue | 8.36B | 9.16B |
Costs and Expenses | 7.60B | 8.30B |
Cost of Revenue | 5.57B | 6.17B |
Operating Expenses | 2.02B | 2.12B |
Depreciation, Depletion & Amortization | 175.0M | 222.9M |
Selling, General & Administrative | 1.85B | 1.90B |
2. Balance Sheet Highlights
As of March 31, 2026, CACI reported total assets of $11.60 billion, which reflects a substantial increase from $8.58 billion the previous year. This growth is primarily due to the company's strategic acquisitions, which bolstered its intangible assets significantly.
Key Balance Sheet Figures
- Total Assets: $11.60 billion (2026) vs. $8.58 billion (2025)
- Total Liabilities: $7.32 billion (2026) vs. $4.87 billion (2025)
- Total Equity: $4.28 billion (2026) vs. $3.70 billion (2025)
| Apr 2025 | Apr 2026 | |
|---|---|---|
Total Assets | 8.58B | 11.60B |
Total Current Assets | 1.69B | 2.04B |
Cash and Equivalents | 223.8M | 157.9M |
Accounts Receivable | 1.23B | 1.50B |
Prepaid Expenses | 242.8M | 378.0M |
Total Non-current Assets | 6.88B | 9.56B |
Intangible Assets | 6.05B | 8.62B |
Net PP&E | 204.8M | 340.8M |
Lease Assets | 337.0M | 389.0M |
Other Non-current Assets | 280.3M | 200.4M |
Total Liabilities and Equity | 8.58B | 11.60B |
Total Liabilities | 4.87B | 7.32B |
Total Current Liabilities | 1.07B | 1.26B |
Accounts Payable and Accrued Liabilities | 1.00B | 1.22B |
Current Debt | 68.75M | 46.75M |
Total Non-current Liabilities | 3.79B | 6.05B |
Long-term Debt | 3.04B | 5.13B |
Non-current Deferred Compensation | 112.5M | 117.5M |
Non-current Deferred Tax Liabilities | 159.6M | 306.3M |
Other Non-current Liabilities | 483.2M | 498.3M |
Total Equity and Non-controlling Interests | 3.70B | 4.28B |
Total Equity | 3.70B | 4.30B |
3. Cash Flow Insights
CACI experienced a net cash decrease of $264.9 million in Q3 2026, driven largely by significant investments in acquisitions. The company's operational cash flow remained strong, with net cash from operating activities reported at $183.1 million.
Cash Flow Highlights
- Net Cash from Operating Activities: $183.1 million
- Net Cash from Investing Activities: $-2.66 billion (primarily due to acquisitions)
- Net Cash from Financing Activities: $2.22 billion, reflecting increased borrowings
| Apr 2025 | Apr 2026 | |
|---|---|---|
Net Change in Cash | 64.67M | -65.90M |
Effect of Exchange Rate Changes | 1.79M | 2.72M |
Net Cash from Operating Activities | 548.2M | 664.4M |
Operating Profit | 476.6M | 536.9M |
Adjustment to Operating Profit | 71.60M | 127.5M |
Net Cash from Investing Activities | -1.70B | -2.76B |
Business & Interest in Affiliates | 1.65B | 2.67B |
Productive Assets | 60.23M | 87.83M |
Other Investing Activities | 2.41M | 157K |
Net Cash from Financing Activities | 1.22B | 2.03B |
Debt | 1.42B | 2.11B |
Equity Issuance/Repurchase | -154.4M | -2.72M |
Other Financing Activities | -48.06M | -73.72M |
4. Market and Budgetary Environment
CACI's market is heavily reliant on federal government contracts, with approximately 78% of revenue derived from the Department of Defense and the Intelligence Community. The company is optimistic about its growth prospects, citing stable to higher government budgets and a heightened focus on cybersecurity and advanced technology investments.
However, the budgetary environment remains challenging with ongoing uncertainties regarding appropriations bills, which can impact contract awards and program initiations. The recent bipartisan support for defense spending, particularly following President Trump's budget request and the passage of the One Big Beautiful Bill Act, is expected to provide some stability.
5. Contract Backlog
A strong backlog is crucial for CACI's future growth, and as of March 31, 2026, the company reported a total backlog of $33.4 billion, up 6.4% from the previous year. This backlog includes $5.0 billion in funded contracts, indicating a healthy pipeline of work for the coming quarters.
6. Conclusion
CACI International Inc.'s Q3 2026 results reflect a period of impressive growth, underscored by strategic contract wins and a solid financial foundation. As the company continues to navigate the complexities of the federal budget landscape, its focus on innovation and strong market position will be key drivers for sustained success. Investors and analysts alike will be keen to see how CACI capitalizes on its robust backlog and market opportunities in the coming months.
