Karman Holdings Inc.
- KRMN · NYSE
- Aircraft Parts & Auxiliary Equipment, NEC
- Huntington Beach, CA
- 1,400 employees
- CIK 0002040127
Updated from SEC filings through
Top things to know
Executives
- Jon Rambeau Chief Executive Officer 4, 2026-05-26
- Chris Michael Boynton CHIEF FINANCIAL OFFICER 4, 2026-09-15
- Michael Willis Chief Financial Officer 4, 2026-05-26
- Mike Willis Chief Financial Officer 10-K, 2026-04-03
-
Jonathan Beaudoin Chief Operating Officer 4, 2026-05-26 -
Stephanie Sawhill Former Chief Growth Officer 4, 2026-05-26
What leadership is saying
“We delivered another quarter of record results, highlighted by 66% total revenue growth, 25% organic revenue growth, 60% adjusted EBITDA growth, $13 million of free cash flow, and a doubling of backlog compared to fiscal year-end 2025”
Earnings press release (8-K Ex. 99.1), filed November 5, 2026
Karman Holdings Inc. is a U.S. public company in aircraft parts & auxiliary equipment, nec (SIC 3728), headquartered in Huntington Beach, CA. It trades as KRMN on NYSE. Revenue was $472M in the fiscal year ending December 31, 2025, +36.6% from the year before. It reported about 1,400 employees. Jon Rambeau is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $472M 10-K, 2026-04-03 | $345M 10-K, 2026-04-03 | $281M 10-K, 2026-04-03 | $226M 10-K, 2025-04-10 |
| Operating income | $72.9M 10-K, 2026-04-03 | $63.6M 10-K, 2026-04-03 | $48.5M 10-K, 2026-04-03 | $20.4M 10-K, 2025-04-10 |
| SG&A | $85.7M 10-K, 2026-04-03 | $44.4M 10-K, 2026-04-03 | $36.6M 10-K, 2026-04-03 | $30.0M 10-K, 2025-04-10 |
| Net income | $17.4M 10-K, 2026-04-03 | $12.7M 10-K, 2026-04-03 | $4.4M 10-K, 2026-04-03 | -$14.1M 10-K, 2025-04-10 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jon Rambeau Chief Executive Officer at Karman Space & Defense | Chief Executive Officer | 4, 2026-05-26 |
| Chris Michael Boynton | CHIEF FINANCIAL OFFICER | 4, 2026-09-15 |
| Michael Willis | Chief Financial Officer | 4, 2026-05-26 |
| Mike Willis | Chief Financial Officer | 10-K, 2026-04-03 |
| Jonathan Beaudoin | Chief Operating Officer | 4, 2026-05-26 |
| Stephanie Sawhill | Former Chief Growth Officer | 4, 2026-05-26 |
| Doug Laurendeau | Chief Growth Officer | 4, 2026-05-26 |
| Brian Raduenz | Director | 10-K, 2026-04-03 |
| David Stinnett | Director | 10-K, 2026-04-03 |
| John Hamilton | Director | 10-K, 2026-04-03 |
| Mary Petryszyn | Director | 10-K, 2026-04-03 |
| Matthew Alty | Director | 10-K, 2026-04-03 |
| Stephen Twitty | Director | 10-K, 2026-04-03 |
What Karman Holdings Inc. does
We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging, high-priority missile and defense, and space programs. Our integrated payload protection, interstage and propulsion system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of War (“DoW”) and space sector initiatives.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 132.5 million (as of November 2, 2026) | 10-Q, November 6, 2026 |
|---|---|---|
| Public float | $2.6B (as of June 30, 2025) | 10-K, April 3, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting April 29, 2026 (filed April 8, 2026) | DEF 14A, April 8, 2026 |
| Auditor | Baker Tilly, LLP (Irvine, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 16, 2026 | David Stinnett Director | Buy | 27,000 | $1.0M | Form 4, September 18, 2026 |
| September 16, 2026 | Mary D. Petryszyn Director | Buy | 500 | $19K | Form 4, September 18, 2026 |
| September 16, 2026 | Stephen Twitty Director | Buy | 275 | $10K | Form 4, September 18, 2026 |
| December 12, 2025 | Anthony Koblinski Chief Executive Officer | Sale | 75,000 | $5.2M | Form 4, December 15, 2025 |
| December 5, 2025 | Anthony Koblinski Chief Executive Officer | Sale | 75,000 | $5.0M | Form 4, December 8, 2025 |
| November 28, 2025 | Anthony Koblinski Chief Executive Officer | Sale | 75,000 | $5.1M | Form 4, December 1, 2025 |
| November 21, 2025 | Anthony Koblinski Chief Executive Officer | Sale | 75,000 | $4.4M | Form 4, November 24, 2025 |
| November 17, 2025 | Michael Willis Chief Financial Officer | Sale | 115,000 | $6.7M | Form 4, November 18, 2025 |
Recent 8-K events
- 8-K filed 2026-11-05
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-09-16
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-28
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-08-27
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-06
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-06-11
- Item 4.01 Changes in registrant's certifying accountant
- 8-K filed 2026-06-01
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-05-12
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-04
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Karman Holdings Inc.
- What does Karman Holdings Inc. do?
- In its own words, from Item 1 of its 10-K: "We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging, high-priority missile and defense, and space programs. Our integrated payload protection, interstage and propulsion system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of War (“DoW”) and space sector initiatives."
- What is Karman Holdings Inc.'s revenue?
- $472M for the fiscal year ending December 31, 2025, from its 10-K filed April 3, 2026.
- Is Karman Holdings Inc. profitable?
- Karman Holdings Inc. reported net income of $17.4M for the fiscal year ending December 31, 2025.
- How many employees does Karman Holdings Inc. have?
- About 1,400, as stated in its annual report.
- Who is the CEO of Karman Holdings Inc.?
- Jon Rambeau, Chief Executive Officer, as named in a 4 filed May 26, 2026.
- Who is the CFO of Karman Holdings Inc.?
- Chris Michael Boynton, CHIEF FINANCIAL OFFICER, as named in a 4 filed September 15, 2026.
- Where is Karman Holdings Inc. headquartered?
- Huntington Beach, CA.
- What is Karman Holdings Inc.'s stock ticker?
- KRMN on NYSE.
- What industry is Karman Holdings Inc. in?
- Aircraft Parts & Auxiliary Equipment, NEC, SIC code 3728.
- What is Karman Holdings Inc.'s website?
- karman-sd.com. Investor relations: https://investors.karman-sd.com/overview/default.aspx.
- When does Karman Holdings Inc. report earnings next?
- April 6, 2027. Source: estimate_10q_cadence.
- Is Karman Holdings Inc. a public company?
- Yes. Karman Holdings Inc. files with the SEC under CIK 0002040127 and trades as KRMN.
- Who audits Karman Holdings Inc.?
- Baker Tilly, LLP, Irvine, California, as named in its latest annual report (10-K).
- How many shares of Karman Holdings Inc. are outstanding?
- 132.5 million shares as of November 2, 2026, from its 10-Q filed November 6, 2026.
- What is Karman Holdings Inc.'s public float?
- $2.6B as of June 30, 2025, as reported on the cover of its 10-K filed April 3, 2026.
- How many business segments does Karman Holdings Inc. report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Karman Holdings Inc.'s annual shareholder meeting?
- April 29, 2026, per its proxy statement (DEF 14A) filed April 8, 2026.
- Have Karman Holdings Inc. insiders traded stock recently?
- Since July 25, 2025, officers and directors reported 13 open-market sales worth about $66.9M and 3 purchases worth about $1.0M on Forms 4 and 5. The most recent: David Stinnett (Director) bought 27,000 shares on September 16, 2026.