Quarterly ResultMay 14, 2026, 06:07 AM
Karman Holdings Q1 Revenue +51% to $151.2M; Net Income $7.79M
AI Summary
Karman Holdings Inc. reported strong financial results for Q1 2026, with revenue increasing by 51% to $151.21 million and a significant turnaround to a net income of $7.79 million, compared to a net loss in the prior year. The company also completed the acquisition of Seemann Composites and Materials Sciences for $215.9 million in cash and $17.0 million in stock, expanding its capabilities in maritime defense. This quarter's performance reflects substantial growth across its end-markets, including Hypersonics & Strategic Missile Defense, Space & Launch, and Tactical Missiles & Integrated Defense Systems.
Key Highlights
- Karman Holdings reported Q1 2026 revenue of $151.21 million, a 51% increase from $100.12 million in Q1 2025.
- Net income for Q1 2026 was $7.79 million, a significant improvement from a net loss of $4.80 million in Q1 2025.
- Gross profit increased to $63.87 million in Q1 2026 from $39.45 million in Q1 2025.
- Cash and cash equivalents rose to $73.80 million as of March 31, 2026, from $33.96 million at December 31, 2025.
- Total assets grew to $1.42 billion as of March 31, 2026, from $1.10 billion at December 31, 2025.
- Completed the Seemann Composites acquisition for $215.9 million cash and $17.0 million common stock.
- Remaining performance obligations totaled $723.3 million as of March 31, 2026.
- Maritime Defense Systems revenue was $26.41 million in Q1 2026, a new segment.