Karman Holdings Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | $471.5M | $345.3M | $280.7M | $226.3M |
| Cost of revenue | $281.5M | $213.1M | $175.2M | $145.4M |
| Gross profit | $190.0M | $132.1M | $105.5M | $80.9M |
| Operating expenses | $117.1M | $68.6M | $57.1M | $60.5M |
| Operating income | $72.9M | $63.6M | $48.5M | $20.4M |
| Interest expense | $44.6M | $50.7M | $47.9M | $37.5M |
| Pretax income | $32.5M | $14.3M | $1.2M | -$17.3M |
| Income tax expense | $15.2M | $1.6M | -$3.2M | -$3.2M |
| Net income | $17.4M | $12.7M | $4.4M | -$14.1M |
| Balance Sheet | ||||
| Cash and equivalents | $34.0M | $11.5M | $5.5M | — |
| Current assets | $291.4M | $201.7M | $157.7M | — |
| Total assets | $1.1B | $774.0M | $710.8M | — |
| Current liabilities | $88.7M | $114.6M | $87.1M | — |
| Total liabilities | $721.4M | $578.0M | $528.4M | — |
| Total debt | $506.8M | $337.1M | $308.7M | — |
| Stockholders' equity | $382.7M | $196.0M | $182.5M | $177.6M |
| Cash Flow Statement | ||||
| Cash from operations | -$22.1M | $26.6M | $20.3M | -$5.9M |
| Depreciation and amortization | $12.4M | $9.6M | $7.8M | $5.4M |
| Stock-based compensation | $1.4M | $993,000 | $1.3M | $1.6M |
| Capital expenditure | $20.3M | $15.3M | $16.8M | $21.3M |
| Free cash flow | -$42.5M | $11.4M | $3.6M | -$27.2M |
| Impairments | $0 | $0 | $0 | $0 |
Shares outstanding 132.5M · Free float 94.2%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.