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Karman Holdings Inc. KRMN Q4 2025 Annual earnings

Reported March 25, 2026 · After market close

Revenue$134.5MBeat by $1.9MDiluted EPS$0.11In line
Revenue estimate$132.6M
EPS estimate$0.11

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$180.1M
EPS estimate$0.13

Financials

Q4 2025

Income statement

See full
Revenue$134.5M+47.4%
Gross profit$53.6M+54.4%
Operating income$21.1M+46.6%
Net income$7.7M+358%
EPS (diluted)$0.06+500%

Balance sheet

See full
Cash & equivalents$34.0M+195%
Total debt$587.9M+40.1%
Total equity$382.7M+95.3%
Total assets$1.1B+42.7%

Cash flow

See full
CapEx$4.7M+17.5%
Free cash flow--100%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$9.68B—
Enterprise value$10.24B—
P/E557.5×—
P/S20.5×—

Profitability

See full
Gross margin40.3%+2.0pp
Operating margin15.5%-2.9pp
Net margin3.7%0.0pp
FCF margin-9.9%-13.2pp

Returns & leverage

See full
Return on equity6%-0.7pp
Debt / equity1.5×-0.6×
Current ratio3.3×+1.5×

Segments

By segment

See full
Tactical Missile And Integrated Defense Systems$50.5M+77.0%
Hypersonic And Strategic Missile Defense$48.4M+41.8%
Space And Launch$35.7M+24.6%

Versus estimates

Revenue

Q1 2026$151.2MBeat by $420.1K
Q4 2025$134.5MBeat by $1.9M
Q3 2025$121.8MBeat by $3.7MQ2 2025$115.1MBeat by $9.9MQ1 2025$100.1MBeat by $3.7MQ4 2024$91.2MMiss by $62.0K

Diluted EPS

Q1 2026$0.11Beat by $0.03
Q4 2025$0.11In line
Q3 2025$0.10Miss by $0.01Q2 2025$0.10Miss by $0.01Q1 2025$0.05Beat by $0.03Q4 2024$0.01

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Questions, answered.

When did Karman Holdings Inc. report Q4 2025 earnings?
Karman Holdings Inc. (KRMN) reported Q4 2025 earnings on March 25, 2026 after market close.
What were Karman Holdings Inc.'s Q4 2025 revenue and EPS?
Karman Holdings Inc. reported revenue of $134.5M and diluted EPS of $0.11 for Q4 2025.
Did Karman Holdings Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $132.6M by $1.9M. EPS beat the consensus estimate of $0.11 by $0.00.
How did Karman Holdings Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 47.4% from $91.2M a year earlier and diluted EPS grew 764.1% from $0.01.
Where can I find Karman Holdings Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0002040127-26-000004) and the 10-K periodic report (0002040127-26-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.