Karman Holdings Inc. (KRMN) Financial Statements
Industry: Aircraft Parts & Auxiliary Equipment (Other)
In fiscal 2025, Karman reported revenue of $471.5M, up 36.6% from $345.3M the year before. Net income was $17.4M (a 3.7% net margin), or $0.13 per diluted share. Gross margin was 40.3% and operating margin was 15.5%. Operating activities generated -$22.1M of cash, leaving -$42.5M of free cash flow. At fiscal year end, Karman held $1.10B in total assets against $721.4M in total liabilities, including $34.0M of cash and equivalents.
Open the full interactive Karman financials → Quarterly statements, key ratios, valuation history and price charts.
Karman Key Stats
| Share Price | $30.15 |
|---|---|
| Market Cap | $4.00B |
| P/E Ratio | 231.9 |
| Revenue YoY Growth | +36.6% |
| 52-Week Range | $30.15 – $115.29 |
| Shares Outstanding | 132.5 million (basic, 2026 Q2) |
Karman Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $345.3M | $471.5M |
| Cost of Goods Sold | $213.1M | $281.5M |
| Gross Profit | $132.1M | $190.0M |
| Operating Income | $63.6M | $72.9M |
| Pre-Tax Income | $14.3M | $32.5M |
| Income Tax | $1.6M | $15.2M |
| Net Income | $12.7M | $17.4M |
| Diluted EPS | $0.08 | $0.13 |
Karman Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $121.8M | $134.5M | $151.2M | $182.1M |
| Net Income | $7.6M | $7.7M | $7.8M | $14.0M |
| Diluted EPS | $0.06 | $0.06 | $0.06 | $0.11 |
Karman Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $11.5M | $34.0M |
| Current Assets | $201.7M | $291.4M |
| Total Assets | $774.0M | $1.10B |
| Current Liabilities | $114.6M | $88.7M |
| Total Long-Term Debt | $366.2M | $503.0M |
| Total Liabilities | $578.0M | $721.4M |
| Shareholders' Equity | $196.0M | $382.7M |
Karman Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $26.6M | -$22.1M |
| Cash From Investing | -$46.2M | -$238.3M |
| Cash From Financing | $25.7M | $282.8M |
| Free Cash Flow | $11.4M | -$42.5M |
Figures from Karman's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Karman financials page for every line item.
Karman Company Profile
| Ticker | KRMN |
|---|---|
| Exchange | NYSE |
| Industry | Aircraft Parts & Auxiliary Equipment (Other) |
| Headquarters | Huntington Beach, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0002040127 |
Frequently Asked Questions
What was Karman's revenue in fiscal 2025?
Karman (KRMN) reported revenue of $471.5M for fiscal 2025.
What was Karman's net income in fiscal 2025?
Karman reported net income of $17.4M for fiscal 2025.
What was Karman's earnings per share (EPS) in fiscal 2025?
Karman's diluted EPS was $0.13 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Karman generate in fiscal 2025?
Karman generated -$42.5M of free cash flow in fiscal 2025.
What was Karman's revenue last quarter?
In its most recent reported quarter (2026 Q2), Karman reported revenue of $182.1M.
How much debt does Karman have?
Karman reported $503.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Karman are outstanding?
Karman reported a weighted average of 132.5 million basic shares outstanding in 2026 Q2.
What is Karman's market cap?
Based on its latest closing price, Karman (KRMN) has a market capitalization of about $4.00B.
When does Karman's fiscal year end?
Karman's fiscal year end, as registered with the SEC, is December 31.
Where is Karman headquartered?
Karman lists its business address in Huntington Beach, California in its SEC filings.