Every 10-Q that KARMAN HLDGS INC (KRMN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KRMN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KRMN filings page.
Karman Holdings Inc. reported strong growth for the quarter ended June 30, 2026. Revenue rose to $182.1 million from $115.1 million a year earlier, and six‑month revenue reached $333.3 million. Net income increased to $14.0 million for the quarter and $21.8 million year‑to‑date, with operating margin improving to 19.1% and gross margin to about 43%.
Growth was broad-based across Hypersonics & Strategic Missile Defense, Space & Launch, Tactical Missiles & Integrated Defense Systems, and newly reported Maritime Defense Systems. The company continued an acquisition-driven strategy, closing the $232.9 million Seemann Composites and Materials Sciences deal, which added $63.0 million of revenue in the first half and lifted goodwill to $498.1 million. To fund acquisitions, Karman expanded its term debt to $763.9 million and later reduced interest spreads through credit agreement amendments. Operating cash flow was modestly negative as working capital and integration investments absorbed cash, while remaining performance obligations stood at $703.9 million, providing multi‑year revenue visibility.
Karman Holdings delivered strong growth for the three months ended March 31, 2026. Revenue reached $151.2 million, up 51.0% from $100.1 million a year earlier, driven by all key end markets and the addition of Maritime Defense Systems work. Net income was $7.8 million, compared with a net loss of $4.8 million, as gross margin improved to 42.2% and operating margin rose to 14.2%.
The company continues an acquisition-led expansion, closing the Seemann and MSC deal in February 2026 with total consideration of about $232.9 million and adding $125.5 million of new intangible assets and $86.7 million of goodwill. Backlog stood at $1.03 billion, supporting future revenue visibility. To finance growth, Karman increased its term loan to $772 million and expanded its revolving credit facility to $150 million, lifting notes payable to $769.8 million while securing a lower interest spread.
Karman Holdings Inc. reported strong third‑quarter results. Revenue reached $121.8 million, up 41.7% year over year, with net income of $7.6 million and basic EPS of $0.06. Gross profit was $49.9 million and operating income was $21.8 million, while net interest expense was $10.0 million. Year to date, revenue totaled $337.0 million.
The company closed two acquisitions in 2025: MTI (fair value consideration $82.3 million) and ISP ($58.6 million, including a potential $5.0 million earnout). These were funded by a new Citi Credit Agreement, including a $300.0 million term loan (later increased by $75.0 million) and a $50.0 million revolver, of which $30.0 million was outstanding at quarter end. Notes payable were $374.1 million and cash was $18.7 million. Operating cash flow for the nine months was $(30.8) million, primarily reflecting growth in contract assets and working capital.
Remaining performance obligations were $536.3 million, with 22.1% expected to be recognized in 2025, 46.7% in 2026, and 31.2% thereafter. As of October 30, 2025, common shares outstanding were 132,322,435.