Karman Holdings Inc.KRMNEarnings & Financial Report
Karman Holdings is an American fabricator of space and defense systems based in Huntington Beach, California. The company, which is valued at approximately US$4 billion, recently underwent an initial public offering.
Revenue
$83.0M
Gross Profit
$29.0M
Operating Profit
$13.5M
Net Profit
$2.1M
Gross Margin
34.9%
Operating Margin
16.3%
Net Margin
2.6%
YoY Growth
N/A
EPS
$0.01
Financial Flow
Karman Holdings Inc. Q1 2024 Financial Summary
Karman Holdings Inc. reported revenue of $83.0M for Q1 2024, with a net profit of $2.1M (2.6% margin). Cost of goods sold was $54.0M, operating expenses totaled $15.5M.
Key Financial Metrics
| Total Revenue | $83.0M |
|---|---|
| Net Profit | $2.1M |
| Gross Margin | 34.9% |
| Operating Margin | 16.3% |
| Report Period | Q1 2024 |
Karman Holdings Inc. Annual Revenue by Year
Karman Holdings Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $471.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $471.5M |
| 2024 | $345.3M |
Karman Holdings Inc. Quarterly Revenue & Net Profit History
Karman Holdings Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $134.5M | +47.4% | $7.7M | 5.7% |
| Q3 2025 | $121.8M | +41.7% | $7.6M | 6.3% |
| Q2 2025 | $115.1M | +35.3% | $6.8M | 5.9% |
| Q1 2025 | $100.1M | +20.6% | $-4.8M | -4.8% |
| Q4 2024 | $91.2M | — | $1.7M | 1.8% |
| Q3 2024 | $86.0M | — | $4.3M | 5.0% |
| Q2 2024 | $85.0M | — | $4.6M | 5.4% |
| Q1 2024 | $83.0M | — | $2.1M | 2.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $83.0M | $85.0M | $86.0M | $91.2M | $100.1M | $115.1M | $121.8M | $134.5M |
| YoY Growth | N/A | N/A | N/A | N/A | 20.6% | 35.3% | 41.7% | 47.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | N/A | $774.0M | $875.4M | $953.9M | $968.1M | $1.10B |
| Liabilities | N/A | N/A | N/A | $578.0M | $526.5M | $592.5M | $599.0M | $721.4M |
| Equity | $184.8M | $189.6M | $194.1M | $196.0M | $348.9M | $361.5M | $369.1M | $382.7M |
Cash Flow
| Q1 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Operating CF | $3.1M | $-13.6M | $-17.4M | $131000 | $8.7M |