Jun 2026 (Q2 FY26) — Aug 6, 2026
Karman Holdings Q2 FY26 — Record Backlog and Strong Organic Growth Drive Raised Outlook
Read the full callKarman Holdings (KRMN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Karman Holdings earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 182 | +58.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 19.1 | +1.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 14.0 | +106.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$33.91 −2.22% · −$0.77
Performance −54.8% 1Y
1Y: $75.03 on 17 Oct 2025 → $33.91. High $115.29 (28 Jan 2026), low $30.14 (14 Oct 2026).
- Previous close
- $34.68
- 52-week range
- $30.14 – $115.29
- One year
- −56.66%
Overview
- Symbol
- KRMN
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 12, 2026
Karman Q1 FY26 — Record Performance and Raised Full-Year Guidance
Read the full callDec 2025 (Q4 FY25) — Mar 25, 2026
Karman Holdings Q4 FY25 — Record Performance and Strong Demand Outlook
Read the full callEvery analysed call
Karman Holdings earnings calls (KRMN)
Financials
What the filings say
Net profit, year on year: +106% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 86 | 91 | 100 | 115 | 122 | 134 | 151 | 182 |
| Operating profit | 17 | 14 | 10 | 20 | 22 | 21 | 21 | 35 |
| Operating margin | 20.3% | 15.8% | 9.9% | 17.5% | 17.9% | 15.7% | 14.2% | 19.1% |
| Interest | 13 | 13 | 11 | 12 | 10 | 11 | 13 | 15 |
| Profit before tax | 5 | 2 | -1 | 9 | 12 | 14 | 9 | 19 |
| Tax rate | 17.9% | 15.0% | −222.0% | 20.8% | 35.5% | 43.1% | 9.7% | 27.2% |
| Net profit | 4 | 2 | -5 | 7 | 8 | 8 | 8 | 14 |
| EPS ($ per share) | 0.03 | — | -0.04 | 0.05 | 0.06 | — | 0.06 | 0.11 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Equity capital | — | — | 0 | 0 |
| Reserves | — | — | -8 | 9 |
| Total liabilities | — | 528 | 578 | 721 |
| Fixed assets | — | 52 | 61 | 95 |
| Total assets | — | 711 | 774 | 1,104 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash from operations | -6 | 20 | 27 | -22 |
| Cash from investing | -21 | -16 | -46 | -238 |
| Cash from financing | 17 | -5 | 26 | 283 |
| Net cash flow | -10 | -1 | 6 | 22 |
| Capital expenditure | -21 | -17 | -15 | -20 |
| Free cash flow | -27 | 4 | 11 | -42 |
KRMN revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Tactical Missile and Integrated Defense Systems | — | — | — | 38% | 30% | 35% | — |
| Hypersonic and Strategic Missile Defense | — | — | — | 36% | 24% | 24% | — |
| Space and Launch | — | — | — | — | 29% | 23% | — |
| Maritime Defense Systems | — | — | — | — | 17% | 18% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
KRMN operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $801MAdjusted EBITDA of $42 million, another quarterly record for Karman, and backlog reached an all-time high of $801 million.Source: earnings call transcript | $1B+Record quarterly gross profit of $64 million, record quarterly adjusted EBITDA of $45 million, all-time high backlog of more than $1 billion.Source: earnings call transcript | $1.3BRecord backlog of $1.3 billion, record quarterly bookings of nearly $500 million, initial fit-up of a 200,000 square foot factory in Salt Lake City with production capability online before the end of 2026.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
24 filings between Nov 12, 2025 and Sep 16, 2026.
Open market
decisions to buy or sellPurchases
$1.04M
3 purchases by 3 insiders
Sales
$41.17M
8 sales by 5 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 13
- Award — granted as compensation
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Koblinski Anthony | — | $19.63M | Dec 12, 2025 |
| Willis Michael | — | $6.74M | Nov 17, 2025 |
| Raduenz Brian | — | $6.12M | Nov 12, 2025 |
| Beaudoin Jonathan | — | $4.71M | Nov 13, 2025 |
| Sawhill Stephanie | — | $3.96M | Nov 13, 2025 |
| Stinnett David | $1.01M | — | Sep 16, 2026 |
| Petryszyn Mary D | $18.7K | — | Sep 16, 2026 |
| Twitty Stephen | $10.1K | — | Sep 16, 2026 |
Latest filings (39)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 16, 2026 | Stinnett David Director | Purchase | 27,000 | $1.01M |
| Sep 16, 2026 | Petryszyn Mary D Director | Purchase | 500 | $18.7K |
| Sep 16, 2026 | Twitty Stephen Director | Purchase | 275 | $10.1K |
| Sep 14, 2026 | Boynton Chris Michael CHIEF FINANCIAL OFFICER | Award | 11,358 | $0 |
| May 21, 2026 | Petryszyn Mary D Director | Award | 2,363 | $0 |
| May 21, 2026 | Beaudoin Jonathan Chief Operating Officer | Award | 689 | $0 |
| May 21, 2026 | Hamilton John Director | Award | 1,962 | $0 |
| May 21, 2026 | RAMBEAU JON Chief Executive Officer | Award | 99,937 | $0 |
| May 21, 2026 | Stinnett David Director | Award | 1,962 | $0 |
| May 21, 2026 | Twitty Stephen Director | Award | 2,363 | $0 |
| May 21, 2026 | Willis Michael Chief Financial Officer | Award | 689 | $0 |
| May 21, 2026 | Sawhill Stephanie Former Chief Growth Officer | Award | 689 | $0 |
| May 21, 2026 | Alty Matthew Director | Award | 2,363 | $0 |
| May 21, 2026 | Koblinski Anthony Director | Award | 1,149 | $0 |
| May 21, 2026 | Laurendeau Doug Chief Growth Officer | Award | 10,864 | $0 |
| May 21, 2026 | Raduenz Brian Director | Award | 2,363 | $0 |
| Dec 12, 2025 | Koblinski Anthony Chief Executive Officer | Sale 10b5-1 plan | 75,000 | $5.20M |
| Dec 5, 2025 | Koblinski Anthony Chief Executive Officer | Sale 10b5-1 plan | 75,000 | $4.99M |
| Nov 28, 2025 | Koblinski Anthony Chief Executive Officer | Sale 10b5-1 plan | 75,000 | $5.05M |
| Nov 21, 2025 | Koblinski Anthony Chief Executive Officer | Sale 10b5-1 plan | 75,000 | $4.39M |
| Nov 17, 2025 | Willis Michael Chief Financial Officer | Sale 10b5-1 plan | 115,000 | $6.74M |
| Nov 13, 2025 | Beaudoin Jonathan Chief Operating Officer | Sale 10b5-1 plan | 74,000 | $4.71M |
| Nov 13, 2025 | Sawhill Stephanie Chief Growth Officer | Sale 10b5-1 plan | 62,000 | $3.96M |
| Nov 12, 2025 | Raduenz Brian Director | Sale 10b5-1 plan | 90,000 | $6.12M |
| Jul 25, 2025 | Hamilton John Director | Other | 54,796 | $0 |
| Jul 25, 2025 | Raduenz Brian Director | Sale | 34,032 | $1.67M |
| Jul 25, 2025 | Stinnett David Director | Other | 3,501,433 | $0 |
| Jul 25, 2025 | TCFIII Spaceco SPV LP 10% owner | Sale | 23,623,968 | $1.16B |
| Jul 25, 2025 | TCFIII Spaceco SPV LP 10% owner | Other | 50,450,859 | $0 |
| Jul 25, 2025 | Willis Michael Chief Financial Officer | Sale | 100,000 | $4.90M |
| Jul 25, 2025 | Koblinski Anthony Chief Executive Officer | Sale | 250,000 | $12.25M |
| Jul 25, 2025 | Beaudoin Jonathan Chief Operating Officer | Sale | 80,000 | $3.92M |
| Jul 25, 2025 | Sawhill Stephanie Chief Growth Officer | Sale | 62,000 | $3.04M |
| Feb 14, 2025 | Willis Michael Chief Financial Officer | Sale | 72,727 | $1.60M |
| Feb 14, 2025 | Sawhill Stephanie Chief Growth Officer | Sale | 72,727 | $1.60M |
| Feb 14, 2025 | Koblinski Anthony Chief Executive Officer | Sale | 379,055 | $8.34M |
| Feb 14, 2025 | Koblinski Anthony Chief Executive Officer | Sale | 2,764 | $60.8K |
| Feb 14, 2025 | Beaudoin Jonathan Chief Operating Officer | Sale | 72,727 | $1.60M |
| Feb 14, 2025 | TCFIII Spaceco SPV LP Director | Sale | 9,686,678 | $213.11M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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