Karman Holdings Inc. ( (KRMN) ) has released its Q3 earnings. Here is a breakdown of the information Karman Holdings Inc. presented to its investors.
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Karman Holdings Inc., operating as Karman Space & Defense, is a prominent company in the aerospace and defense sector, specializing in the rapid design, development, and production of advanced system solutions for launch vehicles, satellites, spacecraft, missiles, missile defense, hypersonics, and unmanned aerial systems (UAS). Headquartered in Huntington Beach, California, the company serves over 80 prime contractors across more than 130 space and defense programs.
In its third quarter fiscal year 2025 earnings report, Karman Holdings Inc. announced record financial results, with a notable 41.7% increase in quarterly revenue to $121.8 million and a 78.1% rise in net income to $7.6 million. The company also reported an impressive non-GAAP adjusted EBITDA of $37.7 million, marking a 34.4% year-over-year growth. Additionally, Karman achieved a record funded backlog of $758.2 million, reflecting a 30.8% increase from the end of 2024.
Key financial metrics highlighted in the report include a significant increase in revenue across all segments, driven by organic growth and strategic acquisitions. The hypersonics and strategic missile defense segment saw a 36% increase, while the space and launch segment grew by 47.2%, and the tactical missiles and integrated defense systems segment rose by 41.7%. The company also completed a $1.2 billion non-dilutive secondary equity offering and acquired Five Axis Industries to bolster its commercial space capabilities.
Looking ahead, Karman Holdings Inc. has raised its 2025 revenue and adjusted EBITDA guidance, now expecting total revenue between $461 million and $463 million, and non-GAAP adjusted EBITDA between $142 million and $143 million. For 2026, the company anticipates revenue growth of 20% to 25%, driven by strong demand for its unique solutions and continued customer engagement.
Overall, Karman Holdings Inc. demonstrates robust financial health and strategic growth, positioning itself for continued success in the aerospace and defense industry. The company’s management remains optimistic about future prospects, supported by a strong backlog and ongoing discussions with key customers.