KARMAN HOLDINGS INC. financials
Source: EDGAR filings · Built 2026-06-02T03:24:40Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Free Cash Flow | -46.35M | 8.52M | 2.02M | -28.26M |
| EBITDA | 115.68M | 96.36M | 75.67M | 55.42M |
| Working Capital | 202.74M | 87.10M | 70.62M | — |
| Net Debt | 553.35M | 411.34M | 383.88M | — |
| Gross Margin | 40.30% | 38.27% | 37.60% | 35.77% |
| Operating Margin | 15.47% | 18.41% | 17.28% | 9.03% |
| Net Margin | 3.68% | 3.68% | 1.55% | -6.23% |
| Return on Equity (ROE) | 4.54% | 6.48% | 2.39% | -7.94% |
| Return on Assets (ROA) | 1.57% | 1.64% | 0.61% | — |
| Current Ratio | 3.29× | 1.76× | 1.81× | — |
| Debt-to-Equity | 1.53× | 2.16× | 2.13× | — |
| Effective Tax Rate | 46.60% | 11.36% | -266.30% | 18.37% |
| Cash Conversion Ratio | -1.27× | 2.10× | 4.66× | 0.42× |
| Accruals Ratio | 0.04× | -0.02× | -0.02× | — |
| SBC % of Revenue | 0.30% | 0.29% | 0.46% | 0.71% |
| CapEx Coverage | -0.91× | 1.47× | 1.11× | -0.26× |
| Free Cash Flow Per Share | $-0.35 | $0.05 | $0.01 | $-0.18 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| P/E Trailing (Diluted) | 562.85× | — | — | — |
| EV / EBITDA | 4.78× | — | — | — |
| P/S | 0.00× | — | — | — |
| P/B | 0.00× | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 471.50M | 345.25M | 280.70M | 226.31M |
| Cost of Goods and Services Sold | 281.47M | 213.14M | 175.16M | 145.36M |
| Gross Profit | 190.03M | 132.11M | 105.55M | 80.95M |
| Operating Expenses | 117.08M | 68.55M | 57.05M | 60.51M |
| Operating Income (Loss) | 72.94M | 63.56M | 48.49M | 20.43M |
| Income Tax Expense (Benefit) | 15.16M | 1.63M | -3.17M | -3.17M |
| Net Income (Loss) Attributable to Parent | 17.37M | 12.70M | 4.36M | -14.10M |
| Earnings Per Share, Basic | $0.13 | $0.08 | $0.03 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Basic | 132.32M | 166.74M | 166.78M | 159.11M |
| Earnings Per Share, Diluted | $0.13 | $0.08 | $0.03 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 132.32M | 166.74M | 166.78M | 159.11M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 33.96M | 11.53M | 5.45M | — |
| Assets, Current | 291.40M | 201.71M | 157.69M | — |
| Assets | 1.10B | 773.96M | 710.83M | — |
| Liabilities, Current | 88.67M | 114.61M | 87.07M | — |
| Liabilities | 721.40M | 577.96M | 528.37M | — |
| Stockholders' Equity Attributable to Parent | 382.69M | 196.00M | 182.46M | 177.60M |
| Common Stock, Shares, Outstanding | 0 | 0 | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -22.12M | 26.64M | 20.33M | -5.89M |
| Payments to Acquire Property, Plant, and Equipment | 20.34M | 15.25M | 16.77M | 21.27M |
| Net Cash Provided by (Used in) Investing Activities | -238.27M | -46.24M | -16.21M | -21.26M |
| Net Cash Provided by (Used in) Financing Activities | 282.82M | 25.67M | -5.29M | 16.73M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -8.22M | 3.00M | -49.36M | -41.52M | -19.85M | 2.67M |
| EBITDA | 38.09M | 33.65M | — | — | 19.42M | 23.38M |
| Working Capital | 265.50M | 202.74M | 169.43M | 153.89M | 211.28M | 87.10M |
| Net Debt | 793.19M | 553.35M | 435.02M | 428.35M | 305.99M | 411.34M |
| Gross Margin | 42.24% | 39.86% | 41.01% | 40.85% | 39.40% | 38.07% |
| Operating Margin | 14.19% | 15.66% | 17.91% | 17.47% | 9.95% | 15.75% |
| Net Margin | 5.15% | 5.73% | 6.28% | 5.91% | -4.79% | 1.84% |
| Return on Equity (ROE) | 1.92% | 2.02% | 2.07% | 1.88% | -1.38% | 0.86% |
| Return on Assets (ROA) | 0.55% | 0.70% | 0.79% | 0.71% | -0.55% | 0.22% |
| Current Ratio | 3.53× | 3.29× | 2.86× | 2.75× | 3.34× | 1.76× |
| Debt-to-Equity | 2.14× | 1.53× | 1.23× | 1.26× | 1.20× | 2.16× |
| Effective Tax Rate | 9.71% | 43.12% | 35.55% | 20.77% | -222.01% | 14.91% |
| Cash Conversion Ratio | 0.03× | 1.13× | -4.03× | -4.55× | 2.83× | 4.49× |
| Accruals Ratio | 0.01× | -0.00× | 0.04× | 0.04× | 0.01× | -0.01× |
| SBC % of Revenue | 0.00% | 0.00% | 1.16% | 1.23% | 1.41% | 0.27% |
| CapEx Coverage | 0.02× | 1.53× | -1.66× | -2.93× | -2.17× | 1.55× |
| Free Cash Flow Per Share | $-0.06 | $0.02 | $-0.37 | $-0.31 | $-0.15 | $0.02 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 348.04× | 562.85× | 902.50× | 1007.40× | 1114.00× | — |
| P/S | 20.30× | 0.00× | 22.31× | 16.98× | 12.19× | — |
| P/B | 26.15× | 0.00× | 25.88× | 18.44× | 12.66× | — |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 151.21M | 134.49M | 121.79M | 115.10M | 100.12M | 91.24M |
| Cost of Goods and Services Sold | 87.34M | 80.88M | 71.85M | 68.08M | 60.67M | 56.51M |
| Gross Profit | 63.87M | 53.61M | 49.94M | 47.02M | 39.45M | 34.73M |
| Operating Expenses | 42.41M | 32.55M | 28.13M | 26.92M | 29.49M | 20.36M |
| Operating Income (Loss) | 21.45M | 21.06M | 21.81M | 20.10M | 9.96M | 14.37M |
| Income Tax Expense (Benefit) | 838.00K | 5.85M | 4.22M | 1.78M | 3.31M | 295.00K |
| Net Income (Loss) Attributable to Parent | 7.79M | 7.71M | 7.64M | 6.81M | -4.80M | 1.68M |
| Earnings Per Share, Basic | $0.06 | $0.06 | $0.06 | $0.05 | $-0.04 | $0.01 |
| Weighted Average Number of Shares Outstanding, Basic | 132.53M | 132.32M | 132.32M | 132.32M | 132.18M | 166.74M |
| Earnings Per Share, Diluted | $0.06 | $0.06 | $0.06 | $0.05 | $-0.04 | $0.01 |
| Weighted Average Number of Shares Outstanding, Diluted | 132.53M | 132.32M | 132.32M | 132.32M | 132.18M | 166.74M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 73.80M | 33.96M | 18.66M | 27.44M | 113.68M | 11.53M |
| Assets, Current | 370.29M | 291.40M | 260.57M | 242.05M | 301.54M | 201.71M |
| Assets | 1.42B | 1.10B | 968.08M | 953.93M | 875.39M | 773.96M |
| Liabilities, Current | 104.80M | 88.67M | 91.14M | 88.16M | 90.27M | 114.61M |
| Liabilities | 1.01B | 721.40M | 598.96M | 592.45M | 526.48M | 577.96M |
| Stockholders' Equity Attributable to Parent | 405.69M | 382.69M | 369.12M | 361.48M | 348.92M | 196.00M |
| Common Stock, Shares, Outstanding | 132.53M | 0 | 132.32M | 132.32M | 132.17M | 0 |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 209.00K | 8.71M | -30.82M | -30.95M | -13.58M | 7.56M |
| Payments to Acquire Property, Plant, and Equipment | 7.38M | 4.70M | 15.64M | 8.67M | 5.04M | 4.00M |
| Net Cash Provided by (Used in) Investing Activities | -217.53M | -90.35M | -147.92M | -140.95M | -11.04M | -4.26M |
| Net Cash Provided by (Used in) Financing Activities | 257.15M | 96.94M | 185.88M | 187.81M | 126.78M | 563.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (KRMN CIK 0002040127),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.