The financials
Karman Holdings Inc. by the numbers
Karman Holdings Inc. (KRMN) reported revenue of $182M in Q2 2026 (quarter ended June 30, 2026), up 58% from the same quarter a year earlier. That came with a gross margin of 43% and net income of $14M (7.7% of revenue). For the full year FY2025, revenue was $472M (+37% year on year) and net income $17M. Its largest segment in 2026-Q1 was Tactical Missile And Integrated Defense Systems at $45M, 30% of the disclosed total, just ahead of Space And Launch at 29%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $182M | $115M | +58% |
| Gross profit | $78M | $47M | +66% |
| Operating income | $35M | $20M | +73% |
| Net income | $14M | $6.8M | +106% |
| Diluted EPS | $0.11 | $0.05 | +120% |
| Operating | Revenue | Share |
|---|---|---|
| Tactical Missile And Integrated Defense Systems | $45M | 30% |
| Space And Launch | $44M | 29% |
| Hypersonic And Strategic Missile Defense | $36M | 24% |
| Maritime Defense Systems | $26M | 17% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $151.2M (+24%)
Space And Launch grew +29% year on yearHypersonic And Strategic Missile Defense +19% year on year
Segment Latestquarter on quarteryear on year
- Tactical Missile And Integrated Defense Systems$45.3M$45.3MQoQ +1.7%year on year +25%+1.7%+25%
- Space And Launch$43.9M$43.9MQoQ +7.8%year on year +29%+7.8%+29%
- Hypersonic And Strategic Missile Defense$35.7M$35.7MQoQ -2.5%year on year +19%-2.5%+19%
- Maritime Defense Systems$26.4M$26.4MQoQ -year on year ---
Aerospace & Defense
Ranks #36 of 48 by Smart Score