# Karman Holdings Inc. (KRMN)

**Exchange:** NYSE  
**Sector:** Industrials  
**Market cap:** $6.47B  
**Price:** $48.86 (+6.52%)

> Karman Holdings Inc. is an American aerospace and defense company that designs, engineers, and manufactures integrated space and missile systems. Headquartered in Huntington Beach, California, the company focuses on highly dependable solutions for government and commercial customers operating in space launch, missile defense, and advanced weapons markets. Its portfolio includes payload protection and deployment systems that safeguard and accurately release spacecraft, aerodynamic interstage structures that connect and stabilize rocket stages, and propulsion-related systems that support missile and launch vehicle performance. Karman Holdings also provides complex assemblies, testing services, and precision fabrication capabilities tailored to demanding mission profiles. By combining systems engineering, materials expertise, and vertically integrated production, the company serves prime contractors, defense agencies, and space-sector firms that require mission-critical hardware. Karman Holdings plays a specialized role in enabling reliable access to space and enhancing the effectiveness of modern defense systems.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $472M | $190M | $73M | $17M | — |
| 2024 | $345M | $132M | $64M | $13M | — |
| 2023 | $281M | $106M | $48M | $4M | — |
| 2022 | $226M | $81M | $20M | -$14M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.10B | $721M | $383M | $34M | — |
| 2024 | $774M | $578M | $196M | $12M | — |
| 2023 | $711M | $528M | $182M | $5M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$22M | $20M | -$42M |
| 2024 | $27M | $15M | $11M |
| 2023 | $20M | $17M | $4M |
| 2022 | -$6M | $21M | -$27M |

Source: [CompaniesByCap](https://companiesbycap.com/company/KRMN)