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——

Segments

By segment

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Tactical Missile And Integrated Defense Systems$63.01M+55.4%
Hypersonic And Strategic Missile Defense$43.42M+24.2%
Space And Launch$42.07M+6.3%
Maritime Defense Systems$33.56M—

Other financials

Income statement

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Gross profit$78.2M+66.4%
Operating income$34.8M+73.2%
Net income$14.0M+106%
EPS (diluted)$0.11+120%

Balance sheet

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Cash & equivalents$51.7M+88.6%
Total debt$869.7M+92.0%
Total equity$421.1M+16.5%
Total assets$1.4B+51.4%

Cash flow

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Operating cash flow-$3.2M+81.7%
CapEx$14.5M+300%
Free cash flow-$17.7M+15.8%

Valuation

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Market cap$4.2B-57.4%
Enterprise value$5.02B-51.2%
P/E113×-757×
P/S7.1×-15.9×

Profitability

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Gross margin41.7%+2.2pp
Operating margin16.8%+1.1pp
Net margin6.3%+4.3pp
FCF margin-5.4%-1.3pp

Returns & leverage

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Return on equity9.5%+6.6pp
Debt / equity2.1×+0.8×
Current ratio3.6×+0.8×

Where this comes from

Reported directly by Karman Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Karman Holdings Inc.’s 10-Q, filed August 11, 2026.

Filed
Aug 10, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0002040127-26-000024
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$182,063$115,097$333,273$215,221
Cost of goods sold103,82968,076191,174128,749
Gross profit78,23447,021142,09986,472
Operating expenses
General and administrative expenses31,33919,43059,97642,718
Depreciation and amortization expense12,0667,48725,84213,687
Operating expenses43,40526,91785,81856,405
Net operating income34,82920,10456,28130,067

Item 1. Financial Statements

FAQ

What is Karman Holdings Inc.'s total revenue?
Karman Holdings Inc. (KRMN) reported total revenue of $182.06M in Q2 2026.
How has Karman Holdings Inc.'s total revenue changed year-over-year?
Karman Holdings Inc.'s total revenue increased by 58.2% year-over-year, from $115.1M to $182.06M.
What is the long-term trend for Karman Holdings Inc.'s total revenue?
Over 3 years (2022 to 2025), Karman Holdings Inc.'s total revenue has grown at a 27.7% compound annual growth rate (CAGR), from $226.31M to $471.5M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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