Company research
Karman Holdings Inc.
CIK 2040127Updated Sep 27, 2026
SecurityKRMN · NYSE · equity
Name history
TCFIII SPACECO HOLDINGS LLC · through Feb 5, 2025
KRMN price & chart
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NYSE:KRMN on TradingView ↗About the company
We are focused on delivering innovative and customized solutions for our customers, with about 180 multi-discipline engineers supporting our comprehensive in-house design and manufacturing capabilities. We believe we have a unique set of capabilities, which are supported by decades of experience across advanced material design, proprietary digital models, material science and testing, and manufacturing expertise. We believe that this collection of vertically integrated capabilities provides a strong value proposition for our customers who seek to simplify their supply chains, increase their speed to market, and reduce costs—all while benefitting from quality, integrated system solutions. Our differentiated market offering is supported by significant sole and single source contract positions.
In the news
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 14th + KARMAN POPS DOUBLE DIGIT IPO USA - English APAC - English News provided by New York Stock Exchange Feb 14, 2025, 08:55 ET Share this article Share to X Share this article Share to X NEW YORK , Feb. 14, 2025 /PRNewswire/ -- The New York Sto ↗
Recent filings
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure · Other Events
Items 1.01, 2.03, 7.01, 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Changes in Registrant's Certifying Accountant
Items 4.01, 9.01
4/A filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure · Other Events
Items 1.01, 7.01, 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 1,104,096,000Source | 773,960,496Source | 710,832,054Source |
| Property, Plant and Equipment, NetUSD | 95,409,000Source | 60,880,162Source | 51,828,620Source |
| GoodwillUSD | 352,513,000Source | 225,145,688Source | 217,273,414Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 285,888,000Source | 208,952,683Source | 207,556,872Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 33,959,000Source | 11,529,770Source | 5,454,710Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 78,716,000Source | 55,219,869Source | 50,597,096Source |
| Inventory, NetUSD | 10,662,000Source | 9,883,376Source | 9,839,569Source |
| Assets, CurrentUSD | 291,403,000Source | 201,710,564Source | 157,694,297Source |
| Prepaid Expense and Other Assets, CurrentUSD | 11,768,000Source | 17,855,981Source | 2,618,450Source |
| Operating Lease, Right-of-Use AssetUSD | 6,021,000Source | 6,071,137Source | 6,359,849Source |
| Other Assets, NoncurrentUSD | 717,284,000Source | 511,369,770Source | 501,309,137Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 721,405,000Source | 577,964,129Source | 528,372,721Source |
| Stockholders’ equity: | |||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 132,000Source | — | — |
| Additional Paid in CapitalUSD | 373,455,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | 9,029,000Source | — | — |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 75,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 382,691,000Source | — | — |
| Liabilities and EquityUSD | 1,104,096,000Source | 773,960,496Source | 710,832,054Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 88,667,000Source | 114,605,283Source | 87,069,953Source |
| Operating Lease, Liability, CurrentUSD | 1,815,000Source | 1,532,895Source | 1,154,891Source |
| Accounts Payable, CurrentUSD | 31,632,000Source | 28,295,681Source | 21,041,638Source |
| Operating Lease, Liability, NoncurrentUSD | 4,949,000Source | 5,337,566Source | 6,001,653Source |
| Deferred Income Tax Liabilities, NetUSD | 47,832,000Source | 25,370,053Source | 36,880,464Source |
| Other Liabilities, NoncurrentUSD | 7,650,000Source | 2,773,077Source | 4,997,462Source |
| Additional Financial Items | |||
| Deferred Tax Liabilities, NetUSD | 47,831,000Source | 25,370,053Source | 36,880,464Source |
| Long-term Debt, Current MaturitiesUSD | 3,836,000Source | 7,139,585Source | 6,264,585Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,410,000Source | 993,143Source | 1,291,244Source |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 18,358,000Source | 2,310,485Source | 3,002,912Source |
| Increase (Decrease) in InventoriesUSD | -2,858,000Source | 43,808Source | -7,571,322Source |
| Deferred Income Tax Expense (Benefit)USD | 10,516,000Source | -11,510,410Source | -10,707,460Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -22,119,000Source | 26,645,535Source | 20,326,561Source |
| Cash flows from investing activities: | |||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 211,935,000Source | 31,290,439Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -238,271,000Source | -46,236,162Source | -16,211,837Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 20,336,000Source | 15,251,761Source | 16,775,297Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 282,819,000Source | 25,665,687Source | -5,285,828Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 22,429,000Source | 6,075,060Source | -1,171,104Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 44,823,000Source | 47,869,140Source | 45,896,371Source |
| Income Taxes Paid, NetUSD | 16,920,000Source | -718,840Source | 3,100,000Source |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 8,100,000Source | 994,143Source | 1,291,244Source |
| Amortization of Debt Issuance CostsUSD | 1,327,000Source | 2,301,239Source | 1,985,413Source |
| Amortization of Intangible AssetsUSD | 23,200,000Source | 16,920,595Source | 14,405,904Source |
| DepreciationUSD | 12,400,000Source | 9,630,222Source | 7,808,066Source |
| General and Administrative ExpenseUSD | 85,656,000Source | 44,420,816Source | 36,623,263Source |
| GoodwillUSD | 352,513,000Source | 225,145,688Source | 217,273,414Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 15,156,000Source | 1,627,963Source | -3,168,821Source |
| InterestExpenseNonoperatingUSD | 44,567,000Source | 50,732,903Source | 47,867,005Source |
| Net Income (Loss) Attributable to ParentUSD | 17,366,000Source | 12,701,039Source | 4,359,405Source |
| Operating ExpensesUSD | 117,084,000Source | 68,551,335Source | 57,055,297Source |
| Other Nonoperating Income (Expense)USD | 4,147,000Source | 1,502,156Source | 563,772Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 471,500,000Source | 345,251,064Source | 280,705,570Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 471,500,000Source | 345,251,064Source | 280,705,570Source |
| Cost of RevenueUSD | 281,474,000Source | 213,139,980Source | 175,156,456Source |
| Operating Income (Loss)USD | 72,942,000Source | 63,559,749Source | 48,493,817Source |
| Other Nonoperating Income (Expense)USD | 4,147,000Source | 1,502,156Source | 563,772Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 32,522,000Source | 14,329,002Source | 1,190,584Source |
| Income Tax Expense (Benefit)USD | 15,156,000Source | 1,627,963Source | -3,168,821Source |
| Net Income (Loss) Attributable to ParentUSD | 17,366,000Source | 12,701,039Source | 4,359,405Source |
| Earnings Per Share, BasicUSD per share | 0.13Source | 0.08Source | 0.03Source |
| Earnings Per Share, DilutedUSD per share | 0.13Source | 0.08Source | 0.03Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 132,322,000Source | 166,737,325Source | 166,775,913Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 132,322,000Source | 166,737,325Source | 166,775,913Source |
| Interest Expense (non-operating)USD | 44,567,000Source | 50,732,903Source | 47,867,005Source |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 23,200,000Source | 16,920,595Source | 14,405,904Source |
| Cost, Depreciation and AmortizationUSD | 11,309,000Source | 8,828,596Source | 6,747,180Source |
| Current Income Tax Expense (Benefit)USD | 4,640,000Source | 13,138,373Source | 7,538,639Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 42,737,000Source | 32,796,352Source | 27,179,214Source |
| General and Administrative ExpenseUSD | 85,656,000Source | 44,420,816Source | 36,623,263Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 190,026,000Source | 132,111,084Source | 105,549,114Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 32,522,000Source | — | — |
| Interest Expense, DebtUSD | 45,200,000Source | 50,888,814Source | 48,115,589Source |
| Operating ExpensesUSD | 117,084,000Source | 68,551,335Source | 57,055,297Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 471,500,000Source | 345,251,064Source | 280,705,570Source |
Offerings
Registration 333-288809
Registration 333-284382
- Gross proceeds
- 506000000.0
- Net proceeds
- 299888939.79
- Deal price
- 22.0
- Shares
- 23000000
- Offering price
- $22.00
- Ticker
- KRMN
Filing attachments
d98785dex991.htm · 8-K · 2026-09-16
EX-99.1 2 d98785dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Karman Space & Defense Investor Update September 16, 2026 Jon Rambeau Chief Executive Officer Forward-Looking Statements & Non-GAAP Financial Information Forward-Looking Statements This presentation may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor prov…
Read attachment ↗d116376dex991.htm · 8-K · 2026-08-27
EX-99.1 3 d116376dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 PRESS RELEASE Karman Space & Defense Announces Planned CFO Transition Chris Boynton to join Karman as new Executive Vice President and Chief Financial Officer on September 14 ─────────────────────────────────────────────────────────────────────────────────────────────── Current CFO Mike Willis to transition following successful IPO and 18 months of positive momentum as a public company ─────────────────────────────────…
Read attachment ↗krmn-ex99_1.htm · 8-K · 2026-08-06
EX-99.1 2 krmn-ex99_1.htm EX-99.1 EX-99.1 Ex. 99.1 Karman Space & Defense Reports Second Quarter Fiscal Year 2026 Financial Results HUNTINGTON BEACH, Calif., August 6, 2026 - Karman Space & Defense (“Karman”, “Karman Holdings, Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development, and production of critical, next-generation systems that align with the core mission priorities of the U.S. Department of War and its allies, and meet the accelerating demand for access…
Read attachment ↗krmn-ex99_2.htm · 8-K · 2026-08-06
EX-99.2 3 krmn-ex99_2.htm EX-99.2 RECORD 2nd Qtr. 2026 RESULTS. “ “ Our team produced another quarter of record performance. We are scaling capacity to meet existing program requirements and simultaneously going on offense - winning alternative supplier positions on new programs and in new areas. Jon Rambeau Chief Executive Officer SPEED. AGILITY. SCALE Aligned with the U.S. Government and its Allies’ Core Mission Priorities and the Accelerating Demand for Access to Space RECORD SECOND QUAR…
Read attachment ↗d117104dex991.htm · 8-K · 2026-06-01
EX-99.1 4 d117104dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Major Programs Across Karman Are Entering Rapid Growth Karman is Experiencing Significant Momentum Key Statistics Long-Term Outlook Key 2026 YTD Deals Karman is Well-Positioned to Capitalize on a Generational Opportunity Set Across Its Core Markets (1) Defined as the aggregate value of business opportunities that are being pursued by the company. (2) Represents select major programs including active long-term framework agreements tha…
Read attachment ↗d117104dex992.htm · 8-K · 2026-06-01
EX-99.2 5 d117104dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Karman Space & Defense Announces Launch of Secondary Offering of Common Stock HUNTINGTON BEACH, Calif., May 28, 2026 - Karman Space & Defense (NYSE: KRMN) (“Karman Holdings Inc.” or “Karman”), a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of War’s core mission priorities and the nation’s accelerating demand for access to space, today announc…
Read attachment ↗