KRMN · Karman Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $151.21M | - | $85.97M | $85.04M | $83.01M | - | - | - |
| Cost of Revenue | $87.34M | - | $52.18M | $50.45M | $54.01M | - | - | - |
| Gross Profit | $63.87M | - | $33.78M | $34.59M | $29.00M | - | - | - |
| R&D | - | - | - | - | - | - | - | - |
| SG&A | $28.64M | - | $20.00M | $9.99M | $10.09M | - | - | - |
| Total Operating Expenses | $42.41M | - | $16.38M | $16.31M | $15.50M | - | - | - |
| D&A | $16.63M | - | $3.20M | $2.30M | $7.35M | - | - | - |
| Operating Income | $21.45M | - | $17.41M | $20.10M | $13.50M | - | - | - |
| Interest Expense | $12.65M | - | $12.60M | $13.40M | $12.10M | - | - | - |
| Income Tax | $838.0K | - | $933.0K | $312.0K | $87.0K | - | - | - |
| Net Income | $7.79M | - | $7.64M | $4.60M | $2.12M | - | - | - |
| EPS - Basic | $0.06 | - | $0.03 | $0.05 | $0.01 | - | - | - |
| EPS - Diluted | $0.06 | - | $0.03 | $0.03 | $0.01 | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $73.80M | $33.96M | $18.66M | $27.44M | $113.68M | $11.53M | $5.45M | - |
| Accounts Receivable | $98.61M | $78.72M | $70.18M | $57.90M | $47.77M | $55.22M | $50.60M | $47.59M |
| Inventory | $16.14M | $10.66M | $15.38M | $14.74M | $10.42M | $9.88M | $9.84M | - |
| Accounts Payable | $38.42M | $31.63M | $32.66M | $28.06M | $25.45M | $28.30M | $21.04M | - |
| Current Assets | $370.29M | $291.40M | $260.57M | $242.05M | $301.54M | $201.71M | $157.69M | - |
| Total Assets | $1.42B | $1.10B | $968.08M | $953.93M | $875.39M | $773.96M | $710.83M | - |
| Current Liabilities | $104.80M | $88.67M | $91.14M | $88.16M | $90.27M | $114.61M | $87.07M | - |
| Long-term Debt | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.01B | $721.40M | $598.96M | $592.45M | $526.48M | $577.96M | $528.37M | - |
| Stockholders' Equity | $405.69M | $382.69M | $194.11M | $361.48M | $348.92M | - | - | $177.60M |
| Retained Earnings | $16.82M | $9.03M | $1.32M | ($6.33M) | ($8.34M) | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $209.0K | - | - | - | $3.07M | - | - | - |
| Investing Cash Flow | ($217.53M) | - | - | - | ($32.30M) | - | - | - |
| Financing Cash Flow | $257.15M | - | - | - | $30.97M | - | - | - |
| CapEx | $7.38M | - | - | - | $1.62M | - | - | - |
| Free Cash Flow | ($7.17M) | - | - | - | $1.45M | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||
| Gross margin | 42.2% | - | 39.3% | 40.7% | 34.9% | - | - | - |
| Operating margin | 14.2% | - | 20.2% | 23.6% | 16.3% | - | - | - |
| EBITDA margin | 25.2% | - | 24.0% | 26.3% | 25.1% | - | - | - |
| Net margin | 5.2% | - | 8.9% | 5.4% | 2.6% | - | - | - |
| Free cash flow margin | -4.7% | - | - | - | 1.8% | - | - | - |
| FCF / Net income | -0.92 | - | - | - | 0.69 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.9% | - | 23.3% | 11.8% | 12.2% | - | - | - |
| Effective tax rate | 9.7% | - | 10.9% | 6.3% | 3.9% | - | - | - |
| Return on assets | 0.5% | - | 0.8% | 0.5% | 0.2% | - | - | - |
| Return on equity | 1.9% | - | 3.9% | 1.3% | 0.6% | - | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||
| Current ratio | 3.53 | 3.29 | 2.86 | 2.75 | 3.34 | 1.76 | 1.81 | - |
| Quick ratio | 3.38 | 3.17 | 2.69 | 2.58 | 3.23 | 1.67 | 1.70 | - |
| Cash ratio | 0.70 | 0.38 | 0.20 | 0.31 | 1.26 | 0.10 | 0.06 | - |
| Leverage | ||||||||
| Debt / Equity | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest coverage | 1.7x | - | 1.4x | 1.5x | 1.1x | - | - | - |
| Equity multiplier | 3.49 | 2.89 | 4.99 | 2.64 | 2.51 | - | - | - |
| Liabilities / Assets | 0.71 | 0.65 | 0.62 | 0.62 | 0.60 | 0.75 | 0.74 | - |
| Efficiency | ||||||||
| Asset turnover | 0.11 | - | 0.09 | 0.09 | 0.09 | - | - | - |
| Inventory turnover | 5.41 | - | 3.39 | 3.42 | 5.18 | - | - | - |
| Days sales outstanding | 238d | - | 298d | 249d | 210d | - | - | - |
| Days inventory outstanding | 67d | - | 108d | 107d | 70d | - | - | - |
| Days payable outstanding | 161d | - | 228d | 203d | 172d | - | - | - |
| Cash conversion cycle | 145d | - | 177d | 152d | 108d | - | - | - |
| Valuation | ||||||||
| P / E | 1334.2x | - | 2406.7x | 1679.0x | 3342.0x | - | - | - |
| P / B | 26.1x | - | 62.0x | 18.4x | 16.0x | - | - | - |
| P / S | 70.2x | - | 140.0x | 78.4x | 67.1x | - | - | - |
| EV / EBITDA | 276.6x | - | 583.3x | 296.3x | 261.9x | - | - | - |
| Growth | ||||||||
| Revenue growth (YoY) | 82.2% | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 120.2% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 58.9% | - | - | - | - | - | - | - |
| Net income growth (YoY) | 267.3% | - | - | - | - | - | - | - |
| EPS growth (YoY) | 500.0% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 16.3% | - | - | - | - | - | - | - |
Peer comparison
Same SIC group: Aircraft Parts & Auxiliary Equipment, NEC
Comparing Karman Holdings Inc. against the 5 most active filers in the same SIC group.