Logotype for Karman Holdings Inc

Karman Holdings (KRMN) investor relations material

Karman Holdings Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Karman Holdings Inc
Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Achieved record Q3 revenue of $121.8 million, up 41.7%–42% year-over-year, with strong growth across all end markets and net income of $7.6 million, up 78%.

  • Gross profit reached $49.9 million, a 48% increase, and Adjusted EBITDA rose 34% to $37.7 million, with adjusted EPS more than doubling to $0.10.

  • Funded backlog hit a record $758 million, providing full visibility to the midpoint of full-year revenue guidance.

  • Completed a $1.2 billion non-dilutive secondary equity offering and acquired Five Axis Industries to expand commercial space capabilities.

  • Expanded capabilities and market reach through multiple acquisitions, including MTI, ISP, RMS, and Five Axis.

Financial highlights

  • Revenue for Q3 FY2025 was $121.8 million, up 41.7%–42% year-over-year; gross profit reached $49.9 million, up 48%.

  • Adjusted EBITDA was $37.7 million (31.0% margin), up 34% year-over-year; adjusted EPS was $0.10, up from $0.04.

  • Net income for Q3 was $7.6 million (6.3% margin), up 78% year-over-year.

  • Funded backlog at quarter-end was $758 million, up 38% year-over-year.

  • Total assets increased to $968 million as of September 30, 2025, from $774 million at year-end 2024.

Outlook and guidance

  • Raised full-year 2025 revenue guidance to $461–$463 million and Adjusted EBITDA to $142–$143 million, both up 34% at the midpoint.

  • Preliminary 2026 outlook anticipates 20–25% annual revenue growth, excluding future acquisitions.

  • Expect to maintain 100% visibility to the midpoint of revenue guidance due to strong backlog.

  • Management expects continued growth supported by robust backlog, acquisitions, and increased U.S. defense spending.

  • Sufficient liquidity anticipated for the next twelve months through cash, operations, and credit.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Karman Holdings earnings date

Logotype for Karman Holdings Inc
Q4 20258 Apr, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Karman Holdings earnings date

Logotype for Karman Holdings Inc
Q4 20258 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Karman Holdings Inc is a Canada-based investment holding company engaged in acquiring, developing, and managing businesses across a variety of sectors. The company focuses on long-term strategic investments in industries such as technology, real estate, and financial services. Through active ownership, Karman Holdings provides operational support and capital resources to its portfolio companies. The company is headquartered in Vancouver, Canada, and its shares are listed on the CSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage