KRMN · XBRL financial data

Karman Holdings financial statements, every quarter

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (KRMN's year ends in late December)

In millions of dollars	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	91*	100	115	122	134*	151	182
Cost of goods and services sold	57*	61	68	72	81*	87	104
Gross profit	35*	39	47	50	54*	64	78
General and administrative	13*	23	19	20	23*	29	31
Total operating expenses	20*	29	27	28	33*	42	43
Operating income (loss)	14*	10	20	22	21*	21	35
Interest expense	13*	11	12	10	11*	13	15
Other income (expense)	0*	(0)	0	0	4*	(0)	(0)
Income tax expense (benefit)	0*	3	2	4	6*	1	5
Net income (loss)	2*	(5)	7	8	8*	8	14
Earnings per share, basic USD per share	0.01*	(0.04)	0.05	0.06	0.06*	0.06	0.11
Earnings per share, diluted USD per share	0.01*	(0.04)	0.05	0.06	0.06*	0.06	0.11
Weighted average shares, basic millions of shares	167*	132	132	132	132*	133	133
Weighted average shares, diluted millions of shares	167*	132	132	132	132*	133	133

Fiscal quarters (KRMN's year ends in late December)

In millions of dollars	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	12	114	27	19	34	74	52
Accounts receivable	55	48	58	70	79	99	115
Inventory	10	10	15	15	11	16	16
Prepaid and other current assets	18	8	8	9	12	12	15
Total current assets	202	302	242	261	291	370	385
Property and equipment, net	61	63	79	83	95	107	126
Right-of-use asset	6	6	7	6	6	11	15
Goodwill	225	225	302	302	353	439	498
Total assets	774	875	954	968	1,104	1,418	1,444
Accounts payable	28	25	28	33	32	38	45
Current portion of long-term debt	7	7	3	3	4	6	6
Total current liabilities	115	90	88	91	89	105	108
Lease liability, non-current	5	5	6	5	5	9	14
Total liabilities	578	526	592	599	721	1,012	1,023
Retained earnings (accumulated deficit)	(8)	(13)	(6)	1	9	17	31
Total stockholders' equity	196	349	361	369	383	406	421
Total liabilities and equity	774	875	954	968	1,104	1,418	1,444
Common shares outstanding (cover page) millions of shares	132	132	132	132	133	133	133

Fiscal quarters (KRMN's year ends in late December)

In millions of dollars	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	2*	(5)	7	8	8*	8	14
Stock-based compensation	0*	1	0*	0*	0*	0	1*
Net cash from operating activities	8*	(14)	(17)*	0*	9*	0	(3)*
Purchases of property and equipment	4*	5	4*	7*	5*	7	14*
Net cash from investing activities	(4)*	(11)	(130)*	(7)*	(90)*	(218)	(14)*
Net cash from financing activities	1*	127	61*	(2)*	97*	257	(5)*
Net change in cash	4*	102	(86)*	(9)*	15*	40	(22)*

SIC 3728 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3728 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Karman Holdings	52	182	(3.2)*	132.5M	16.3 quarters	Q2 FY26 10-QJun 30, 2026
Applied Aerospace & Defense	18	167	not reported	172.4M	—	Q2 FY26 10-QJun 30, 2026
AEVEX	215	202	not reported	not reported	—	Q2 FY26 10-QJun 30, 2026
Voyager Technologies	554	89	(30)*	not reported	7.3 quarters	Q3 FY26 10-QSep 30, 2026
Leonardo DRS	294	1,066	96*	266.6M	—	Q3 FY26 10-QSep 30, 2026
Nextnav	78	1.2	(18)*	168.8M	12.7 quarters	Q2 FY26 10-QJun 30, 2026
Firefly Aerospace	460	118	(82)*	167.4M	7.8 quarters	Q2 FY26 10-QJun 30, 2026
StandardAero	179	1,600	72*	330.9M	—	Q2 FY26 10-QJun 30, 2026
York Space Systems	534	93	(102)*	137.4M	5.2 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.