Financial Analysis

Acquisitions ARKA Group L.P. On March 9, 2026, CACI acquired all of the equity interests of ARKA Group L.P. (ARKA) for purchase consideration of approximately $2,642.7 million, net of cash acquired, subject to post closing adjustments. This acquisition will enhance CACIs ability to deliver advanced technology for its national security customers in the space domain. The Company funded the acquisition from increased borrowings and cash on hand. The purchase price was allocated, on a preliminary basis, among assets acquired and liabilities assumed at fair value on the acquisition date, based on the best available information, with the excess purchase price recorded as goodwill. As of March 31, 2026, the Company has not finalized the determination of fair values allocated to various assets and liabilities, and the purchase price allocation is subject to change as the Company continues to obtain and assess relevant information that existed as of the acquisition date. The preliminary allocation of the total estimated purchase consideration is as follows (in thousands): Accounts receivable, net $ 115,075 Prepaid expenses and other current assets 27,047 Goodwill 1,441,948 Intangible assets, net 1,180,000 Property, plant, and equipment, net 124,373 Operating lease right-of-use assets 24,846 Other assets 637 Accounts payable (15,129) Accrued compensation and benefits (11,923) Other accrued expenses and current liabilities (135,382) Deferred income taxes (88,867) Operating lease liabili …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Legal Proceedings and Other Commitments and Contingencies Legal Proceedings The Company is involved in various claims, lawsuits, and administrative proceedings arising in the normal course of business, none of which, based on current information, are expected to have a material adverse effect on the Companys financial position, results of operations or cash flows. On November 12, 2024, a jury reached a $42 million judgment against the Company in an ongoing civil suit alleging that the Companys employees had conspired with the U.S. military, which led to acts of wrongdoing committed by the U.S. military against the plaintiffs. On November 25, 2024, the Company filed a motion for dismissal as a matter of law, enumerating numerous grounds. On January 10, 2025, the motion was denied, and the Company filed a notice of appeal to the U.S. Court of Appeals. The Court of Appeals established a briefing schedule, which concluded on July 25, 2025. The Court of Appeals heard oral argument on September 9, 2025. On March 12, 2026, the Court of Appeals, in a 2-1 decision, affirmed the judgment of the district court against CACI. The Company will file a petition for rehearing or rehearing en banc and asking the Court of Appeals to stay action on that petition pending the Supreme Courts expected decision in Cisco Systems, Inc. v. Doe, No. 24-856. The Company is vigorously defending the proceedings and continues to believe that the plaintiffs position is completely without merit. No amounts hav …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Long-term Debt Long-term debt consisted of the following at the periods presented below (dollars in thousands): As of March 31, 2026 June 30, 2025 Maturity Date Stated Interest Rate Effective Interest Rate Outstanding Balance Outstanding Balance Revolving Facility November 2030 5.32% 5.32% $ 928,000 $ 124,500 Term Loan November 2030 4.92% 4.98% 1,242,188 1,071,875 Term Loan B October 2031 5.42% 5.65% 740,625 746,250 Term Loan B-2 March 2033 5.42% 5.62% 800,000 2033 Notes June 2033 6.38% 6.58% 1,000,000 1,000,000 2033 Notes-2 June 2033 6.38% 6.08% 500,000 Principal amount of long-term debt 5,210,813 2,942,625 Less unamortized debt discount, premium, and issuance costs (30,236) (24,685) Total long-term debt 5,180,577 2,917,940 Less current portion (46,750) (68,750) Long-term debt, net of current portion $ 5,133,827 $ 2,849,190 On November 25, 2025, the Company amended its senior secured credit facility (the Credit Facility) primarily to extend the maturity date. As amended, the Companys $3,250.0 million credit facility consists of a $2,000.0 million revolving credit facility (the Revolving Facility) and a $1,250.0 million term loan (the Term Loan). The Revolving Facility permits renewable borrowings and has sub-facilities of $150.0 million for same-day swing line loan borrowings and $25.0 million for stand-by letters of credit. The interest rates applicable to loans under the Credit Facility are floating interest rates that, at the Companys option, equal a base rate or a Secure …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Disaggregated revenues by contract type were as follows (in thousands): Three Months Ended March 31, 2026 Nine Months Ended March 31, 2026 Domestic International Total Domestic International Total Cost-plus-fee $ 1,273,227 $ $ 1,273,227 $ 3,965,968 $ $ 3,965,968 Fixed-price 703,042 46,866 749,908 1,822,855 136,563 1,959,418 Time-and-materials 297,426 30,441 327,867 839,899 93,437 933,336 Total $ 2,273,695 $ 77,307 $ 2,351,002 $ 6,628,722 $ 230,000 $ 6,858,722 Three Months Ended March 31, 2025 Nine Months Ended March 31, 2025 Domestic International Total Domestic International Total Cost-plus-fee $ 1,316,805 $ $ 1,316,805 $ 3,837,028 $ $ 3,837,028 Fixed-price 533,735 39,729 573,464 1,537,759 113,820 1,651,579 Time-and-materials 254,580 22,133 276,713 765,810 69,263 835,073 Total $ 2,105,120 $ 61,862 $ 2,166,982 $ 6,140,597 $ 183,083 $ 6,323,680 Disaggregated revenues by customer type were as follows (in thousands): Three Months Ended March 31, 2026 Nine Months Ended March 31, 2026 Domestic International Total Domestic International Total Department of Defense $ 1,295,628 $ $ 1,295,628 $ 3,627,406 $ $ 3,627,406 Intelligence Community 582,235 582,235 1,717,704 1,717,704 Federal civilian agencies 373,582 373,582 1,223,944 1,223,944 Commercial and other 22,250 77,307 99,557 59,668 230,000 289,668 Total $ 2,273,695 $ 77,307 $ 2,351,002 $ 6,628,722 $ 230,000 $ 6,858,722 Three Months Ended March 31, 2025 Nine Months Ended March 31, 2025 Domestic International Total Domestic Internati …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Fair Value Measurements ASC 820, Fair Value Measurements , establishes a framework for measuring fair value and categorizes the inputs used in measuring fair value as follows: observable inputs such as quoted prices in active markets (Level 1); inputs other than quoted prices in active markets that are observable, either directly or indirectly, or quoted prices that are not active (Level 2); and unobservable inputs that have little or no market data which requires development of assumptions that market participants would use in pricing the asset or liability (Level 3). The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and amounts included in other current assets and current liabilities that meet the definition of a financial instrument approximate fair value because of the short-term nature of these amounts. The financial instruments measured at fair value on a recurring basis consist of the following (in thousands): Description of Financial Instrument Financial Statement Classification Fair Value Hierarchy March 31, 2026 June 30, 2025 Interest rate swap agreements Prepaid expenses and other current assets Level 2 $ 1,648 $ 220 Interest rate swap agreements Other assets Level 2 4,715 9,839 Interest rate swap agreements Other liabilities Level 2 (321) (1,503) Contingent consideration Other accrued expenses and current liabilities Level 3 (3,294) (3,678) Contingent consideration Other liabilities Level 3 (8,238) (10,017) The outstanding p …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill for the nine months ended March 31, 2026 are as follows (in thousands): Domestic International Total Balance at June 30, 2025 $ 4,773,411 $ 248,394 $ 5,021,805 Goodwill acquired (1) 1,443,499 9,975 1,453,474 Foreign currency translation 800 (9,530) (8,730) Balance at March 31, 2026 $ 6,217,710 $ 248,839 $ 6,466,549 __________________________________________________ (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable. There were no impairments of goodwill during the period. Intangible Assets Intangible assets, net consisted of the following (in thousands): March 31, 2026 June 30, 2025 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Customer contracts and related customer relationships $ 1,954,972 $ (505,289) $ 1,449,683 $ 1,062,718 $ (432,520) $ 630,198 Acquired technologies 878,223 (164,692) 713,531 646,823 (185,745) 461,078 Total intangible assets $ 2,833,195 $ (669,981) $ 2,163,214 $ 1,709,541 $ (618,265) $ 1,091,276 Amortization expense related to intangible assets was $41.0 million and $113.0 million for the three and nine months ended March 31, 2026, respectively, and $36.8 million and $87.2 million for the three and nine months ended March 31, 2025, respectively.

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Income Taxes The Companys effective income tax rates were 26.2% and 24.8% for the three and nine months ended March 31, 2026, respectively, and 26.0% and 23.0% for the three and nine months ended March 31, 2025, respectively. The effective tax rates for the three and nine months ended March 31, 2026 and 2025 differ from the statutory rate of 21.0% primarily due to state income taxes offset by research and development tax credits. The Company is subject to income taxes in the U.S. and various foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require the application of significant judgment. The Company is currently under examination for fiscal 2019 and 2020 in one state jurisdiction and fiscal 2022 and 2023 in another state. The Company does not expect the resolution of either state examination to have a material impact on its condensed consolidated financial statements. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements In September 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software , which amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40. The ASU will be effective beginning with our fiscal 2029 annual financial statements, including interim reporting periods within that year, and may be adopted prospectively or retrospectively. We are currently evaluating the impacts of the new standard.

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Revenues and Contract Balances Disaggregation of Revenues The Company disaggregates revenues by contract type, customer type, prime or subcontractor, and whether the solution provided is primarily Expertise or Technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected. Disaggregated revenues by contract type were as follows (in thousands): Three Months Ended March 31, 2026 Nine Months Ended March 31, 2026 Domestic International Total Domestic International Total Cost-plus-fee $ 1,273,227 $ $ 1,273,227 $ 3,965,968 $ $ 3,965,968 Fixed-price 703,042 46,866 749,908 1,822,855 136,563 1,959,418 Time-and-materials 297,426 30,441 327,867 839,899 93,437 933,336 Total $ 2,273,695 $ 77,307 $ 2,351,002 $ 6,628,722 $ 230,000 $ 6,858,722 Three Months Ended March 31, 2025 Nine Months Ended March 31, 2025 Domestic International Total Domestic International Total Cost-plus-fee $ 1,316,805 $ $ 1,316,805 $ 3,837,028 $ $ 3,837,028 Fixed-price 533,735 39,729 573,464 1,537,759 113,820 1,651,579 Time-and-materials 254,580 22,133 276,713 765,810 69,263 835,073 Total $ 2,105,120 $ 61,862 $ 2,166,982 $ 6,140,597 $ 183,083 $ 6,323,680 Disaggregated revenues by customer type were as follows (in thousands): Three Months Ended March 31, 2026 Nine Months Ended March 31, 2026 Domestic International Total Domestic International Total Department of Defense $ 1,295,628 $ $ 1,295,628 $ 3,627,406 $ $ 3,627,406 Intelligence Community 582,235 582, …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Business Segments The Company reports operating results and financial data in two segments: Domestic Operations and International Operations. Domestic Operations provide Expertise and Technology primarily to U.S. federal government agencies. International Operations provide Expertise and Technology primarily to international government and commercial customers. Segment information for the periods presented is as follows (in thousands): Three Months Ended March 31, 2026 2025 Domestic International Total Domestic International Total Revenues $ 2,273,695 $ 77,307 $ 2,351,002 $ 2,105,120 $ 61,862 $ 2,166,982 Direct costs 1,519,189 33,980 1,553,169 1,408,562 26,173 1,434,735 Indirect costs and selling expenses 480,520 29,662 510,182 456,671 24,246 480,917 Depreciation and amortization 57,279 1,495 58,774 54,017 944 54,961 Income from operations 216,707 12,170 228,877 185,870 10,499 196,369 Capital expenditures 25,307 1,511 26,818 16,113 127 16,240 Nine Months Ended March 31, 2026 2025 Domestic International Total Domestic International Total Revenues $ 6,628,722 $ 230,000 $ 6,858,722 $ 6,140,597 $ 183,083 $ 6,323,680 Direct costs 4,495,963 99,411 4,595,374 4,175,065 76,319 4,251,384 Indirect costs and selling expenses 1,360,771 87,852 1,448,623 1,312,666 62,858 1,375,524 Depreciation and amortization 162,910 4,194 167,104 136,321 2,943 139,264 Income from operations 609,078 38,543 647,621 516,545 40,963 557,508 Capital expenditures 55,031 4,845 59,876 36,443 1,197 37,640 Asset inf …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing