KRMN · Karman Holdings Inc.

Summary

Karman Holdings Inc. announced record fourth quarter fiscal 2025 revenue of $134.5 million, up 47.4% year over year, and full fiscal year 2025 revenue of $471.5 million, up 36.6% year over year, with record net income of $7.7 million and $17.4 million, respectively. The company raised its full year 2026 revenue outlook to $715 to $730 million and adjusted EBITDA to $207 to $218 million.

Key takeaways

• Q4 FY2025 revenue $134.5 million, up 47.4% YoY
• FY2025 revenue $471.5 million, up 36.6% YoY
• Q4 FY2025 net income $7.7 million, diluted EPS $0.06
• FY2025 net income $17.4 million, diluted EPS $0.13
• Q4 FY2025 adjusted EBITDA $42.0 million, up 59% YoY; backlog $801.1 million, up 38.2% YoY
• Raised FY2026 guidance: revenue $715-$730 million, adjusted EBITDA $207-$218 million