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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and LendingClub Corp (LC). Click either name above to swap in a different company.
LendingClub Corp is the larger business by last-quarter revenue ($252.3M vs $134.5M, roughly 1.9× Karman Holdings Inc.). LendingClub Corp runs the higher net margin — 20.5% vs 5.7%, a 14.7% gap on every dollar of revenue. On growth, Karman Holdings Inc. posted the faster year-over-year revenue change (47.4% vs 15.9%). Over the past eight quarters, Karman Holdings Inc.'s revenue compounded faster (27.3% CAGR vs 16.1%).
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.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
KRMN vs LC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $252.3M |
| Net Profit | $7.7M | $51.6M |
| Gross Margin | 39.9% | — |
| Operating Margin | 15.7% | — |
| Net Margin | 5.7% | 20.5% |
| Revenue YoY | 47.4% | 15.9% |
| Net Profit YoY | 358.3% | 341.0% |
| EPS (diluted) | $0.06 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $252.3M | ||
| Q4 25 | $134.5M | $266.5M | ||
| Q3 25 | $121.8M | $266.2M | ||
| Q2 25 | $115.1M | $248.4M | ||
| Q1 25 | $100.1M | $217.7M | ||
| Q4 24 | $91.2M | $217.2M | ||
| Q3 24 | $86.0M | $201.9M | ||
| Q2 24 | $85.0M | $187.2M |
| Q1 26 | — | $51.6M | ||
| Q4 25 | $7.7M | — | ||
| Q3 25 | $7.6M | $44.3M | ||
| Q2 25 | $6.8M | $38.2M | ||
| Q1 25 | $-4.8M | $11.7M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $4.3M | $14.5M | ||
| Q2 24 | $4.6M | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | — | ||
| Q3 25 | 41.0% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 40.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | 18.8% | ||
| Q3 25 | 17.9% | 21.5% | ||
| Q2 25 | 17.5% | 21.7% | ||
| Q1 25 | 10.0% | 7.2% | ||
| Q4 24 | 15.8% | 5.1% | ||
| Q3 24 | 20.2% | 8.9% | ||
| Q2 24 | 21.5% | 10.4% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.3% | 16.6% | ||
| Q2 25 | 5.9% | 15.4% | ||
| Q1 25 | -4.8% | 5.4% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 5.0% | 7.2% | ||
| Q2 24 | 5.4% | 8.0% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.06 | $0.36 | ||
| Q3 25 | $0.06 | $0.37 | ||
| Q2 25 | $0.05 | $0.33 | ||
| Q1 25 | $-0.04 | $0.10 | ||
| Q4 24 | $0.01 | $0.08 | ||
| Q3 24 | $0.03 | $0.13 | ||
| Q2 24 | $0.03 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $382.7M | $1.5B |
| Total Assets | $1.1B | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $34.0M | — | ||
| Q3 25 | $18.7M | — | ||
| Q2 25 | $27.4M | — | ||
| Q1 25 | $113.7M | — | ||
| Q4 24 | $11.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $382.7M | $1.5B | ||
| Q3 25 | $369.1M | $1.5B | ||
| Q2 25 | $361.5M | $1.4B | ||
| Q1 25 | $348.9M | $1.4B | ||
| Q4 24 | $196.0M | $1.3B | ||
| Q3 24 | $194.1M | $1.3B | ||
| Q2 24 | $189.6M | $1.3B |
| Q1 26 | — | $11.9B | ||
| Q4 25 | $1.1B | $11.6B | ||
| Q3 25 | $968.1M | $11.1B | ||
| Q2 25 | $953.9M | $10.8B | ||
| Q1 25 | $875.4M | $10.5B | ||
| Q4 24 | $774.0M | $10.6B | ||
| Q3 24 | — | $11.0B | ||
| Q2 24 | — | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.7M | — |
| Free Cash FlowOCF − Capex | $4.0M | — |
| FCF MarginFCF / Revenue | 3.0% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | 1.13× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $-2.7B | ||
| Q3 25 | $131.0K | $-770.8M | ||
| Q2 25 | $-17.4M | $-713.1M | ||
| Q1 25 | $-13.6M | $-339.3M | ||
| Q4 24 | — | $-2.6B | ||
| Q3 24 | — | $-669.8M | ||
| Q2 24 | — | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $-2.9B | ||
| Q3 25 | $-6.8M | $-791.8M | ||
| Q2 25 | $-21.0M | $-803.8M | ||
| Q1 25 | $-18.6M | $-352.3M | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $-682.3M | ||
| Q2 24 | — | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | -1076.0% | ||
| Q3 25 | -5.6% | -297.4% | ||
| Q2 25 | -18.2% | -323.5% | ||
| Q1 25 | -18.6% | -161.8% | ||
| Q4 24 | — | -1237.8% | ||
| Q3 24 | — | -338.0% | ||
| Q2 24 | — | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 52.7% | ||
| Q3 25 | 5.7% | 7.9% | ||
| Q2 25 | 3.2% | 36.5% | ||
| Q1 25 | 5.0% | 6.0% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.02× | -17.41× | ||
| Q2 25 | -2.55× | -18.68× | ||
| Q1 25 | — | -29.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -46.33× | ||
| Q2 24 | — | -62.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
LC
Segment breakdown not available.
