Karman Holdings Inc.

Karman Holdings Inc.

KRMNยทNYSE

$51.84

-1.4%
IndustrialsAerospace & Defense

Karman Holdings Inc., through its subsidiary, Karman Space and Defense, engages in designing, testing, manufacturing, and sale of mission-critical systems for missile and defense, space programs, hypersonic, and launch vehicle markets. It also supplies metallic and composite flight hardware and sub-assemblies. In addition, the company provides solutions for payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. The company was incorporated in 2020 and is based in Huntington Beach, California. Karman Holdings Inc. is a subsidiary of TCFIII Spaceco SPV LP.

At a Glance

Live Snapshot
Market Cap$6.87B
EPS0.1300
P/E Ratio398.77
Earnings Date08/06/2026
3Y+108.0%
5Y+108.0%
10Y+108.0%
3Y-223.0%
5Y-223.0%
10Y-223.0%
3Y+275.0%
5Y+275.0%
10Y+275.0%
Karman Holdings Inc.

Karman Holdings Inc. Profit Bridge

KRMN ยท NYSE
Revenue471.50M
Cost of Goods Sold (312.90M)
Gross Profit158.60M
Operating Expenses (85.66M)
Operating Income72.94M
Interest Expense (44.57M)
Other Income/Expense-40.42M
Pretax Income32.52M
Income Tax (15.16M)
Net Income17.37M
Net Income
17.37M

Profitability Analysis

Gross Margin

33.6%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

15.5%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

3.7%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

46.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.

Karman Holdings Inc. Income Statement

KRMN โ€ข NYSE

Karman Holdings Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022
REVENUE
471.5M
345.3M
280.7M
226.3M
GROSS PROFIT
(312.9M)
(213.1M)
(175.2M)
(145.4M)
158.6M
132.1M
105.5M
80.9M
OPERATING INCOME
(85.7M)
(68.6M)
(57.1M)
(60.5M)
(85.7M)
(44.4M)
(36.6M)
(30M)
72.9M
63.6M
48.5M
20.4M
PRE-TAX INCOME
(44.6M)
(50.7M)
(47.9M)
(37.5M)
-44.6M
-50.7M
-47.9M
-37.5M
(0.0)
(24.1M)
(20.4M)
(30.5M)
-40.4M
-49.2M
-47.3M
-37.7M
32.5M
14.3M
1.2M
-17.3M
NET INCOME
(15.2M)
(1.6M)
-3.2M
-3.2M
17.4M
12.7M
4.4M
-14.1M

SEC Filings

KRMN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
May 28, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 14, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 08, 2026
April 29, 2026
2026
10-K

10-K 2025 FY

FY

April 03, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 25, 2026
March 25, 2026
2026
8-K

8-K 2026

N/A

March 13, 2026
March 09, 2026
2026
8-K

8-K 2026

N/A

March 12, 2026
March 06, 2026
2026
8-K

8-K 2025

N/A

February 06, 2026
December 31, 2025
2025
Showing 1 to 10 of 33 filings