Karman Holdings Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 |
|---|---|---|---|---|
| Revenue | $471.5M | $345.3M | $280.7M | $226.3M |
| Gross profit | $190.0M | $132.1M | $105.5M | $80.9M |
| Operating income | $72.9M | $63.6M | $48.5M | $20.4M |
| Operating expenses | $117.1M | $68.6M | $57.1M | $60.5M |
| Cost of revenue | $281.5M | $213.1M | $175.2M | $145.4M |
| Cash from operations | -$22.1M | $26.6M | $20.3M | -$5.9M |
| 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 |
| Total assets | $1.1B | $774.0M | $710.8M | — |
| Total liabilities | $721.4M | $578.0M | $528.4M | — |
| Total debt | $506.8M | $337.1M | $308.7M | — |
Shares outstanding 132.5M · Free float 94.2%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.