Karman Holdings (KRMN) Income Statement

Karman Holdings reported revenue of $471.50M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 36.6% from $345.25M a year earlier. Net income was $17.37M, up 36.7% year over year, a net margin of 3.7%. Gross margin was 40.3% and operating margin 15.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $182.06M, up 58.2% from the same quarter a year earlier.

Karman Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Karman Holdings Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	471.50	345.25	345.25	280.71	226.31
Cost of Revenue	281.47	213.14	213.14	175.16	145.36
Gross Profit	190.03	132.11	132.11	105.55	80.95
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00
Selling, General & Administrative	85.66	44.42	44.42	36.62	30.04
Operating Expenses	117.08	68.55	68.55	57.06	60.51
Operating Income	72.94	63.56	63.56	48.49	20.43
Other Income/Expense
Interest Income	0.00	0.00	-	0.00	0.00
Interest Expense	44.57	50.73	-50.73	-47.87	-37.50
Other Income/Expense	-40.42	-49.23	-49.23	-47.30	-37.71
Income
Income Before Tax	32.52	14.33	14.33	1.19	-17.27
Income Tax Expense	15.16	1.63	1.63	-3.17	-3.17
Net Income	17.37	12.70	12.70	4.36	-14.10
Net Income - Continuous Operations	17.37	12.70	12.70	4.36	-14.10
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	119.83	97.86	96.36	75.67	55.42
EBIT	77.09	-	63.56	48.49	20.43
Depreciation & Amortization	42.74	32.80	32.80	27.18	34.98
Earnings Per Share
Basic EPS	-	-	-	-	-
Diluted EPS	-	-	-	-	-
Basic Shares Outstanding	132.32	132.17	166.74	166.78	159.11
Diluted Shares Outstanding	132.32	132.17	166.74	166.78	159.11

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Karman Holdings Financial Statements

What was Karman Holdings's revenue in fiscal 2025?

Karman Holdings reported revenue of $471.50M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 36.6% from $345.25M a year earlier.

Is Karman Holdings profitable?

Yes. Karman Holdings earned net income of $17.37M in fiscal 2025, a net margin of 3.7%. In fiscal 2024 it earned $12.70M.

What is Karman Holdings's operating margin?

Karman Holdings's operating income was $72.94M on revenue of $471.50M in fiscal 2025, an operating margin of 15.5%, compared with 18.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition