Karman Holdings Inc. balance sheet KRMN

Annual Quarterly

As of Sep 30, 2026, Karman Holdings Inc. had total assets of $1.6 billion and total liabilities of $1.2 billion. Total assets were up 69.7% from a year earlier. Stockholders' equity was $441.8 million. It held $68.2 million in cash and investments against $1.0 billion of total debt, net debt of $940.9 million. The current ratio, current assets divided by current liabilities, was 3.10.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Q3 FY2026
Sep 30, 2026
Q2 FY2026
Jun 30, 2026
Q1 FY2026
Mar 31, 2026
Q4 FY2025
Dec 31, 2025
Q3 FY2025
Sep 30, 2025
Q2 FY2025
Jun 30, 2025
Q1 FY2025
Mar 31, 2025
Q4 FY2024
Dec 31, 2024
Assets
Cash
68
+265.2%
52
+88.6%
74
-35.1%
34
+194.5%
19
27
114
12
Cash and investments
68
+265.2%
52
+88.6%
74
-35.1%
34
+194.5%
19
27
114
12
Receivables
123
+74.7%
115
+98.5%
99
+106.4%
79
+42.5%
70
58
48
55
Inventory
33
+112.4%
16
+10.6%
16
+54.9%
11
+7.9%
15
15
10
10
Total current assets
453
+73.7%
385
+59.0%
370
+22.8%
291
+44.5%
261
242
302
202
Property and equipment, net
148
+78.7%
126
+59.3%
107
+69.4%
95
+56.7%
83
79
63
61
Goodwill
551
+82.4%
498
+65.0%
439
+95.1%
353
+56.6%
302
302
225
225
Total assets
1,643
+69.7%
1,444
+51.4%
1,418
+62.0%
1,104
+42.7%
968
954
875
774
Liabilities and equity
Accounts payable
60
+83.4%
45
+61.8%
38
+51.0%
32
+11.8%
33
28
25
28
Total current liabilities
146
+60.3%
108
+22.8%
105
+16.1%
89
-22.6%
91
88
90
115
Total liabilities
1,201
+100.6%
1,023
+72.7%
1,012
+92.2%
721
+24.8%
599
592
526
578
Stockholders' equity
442
+19.7%
421
+16.5%
406
+16.3%
383
369
361
349
—
Debt
Debt due within a year
7
+159.7%
6
+99.2%
6
-21.4%
4
-46.3%
3
3
7
7
Long-term debt
851
—
—
—
—
—
—
—
Lease liabilities
150
+75.3%
118
+35.8%
109
+25.4%
88
-0.7%
86
87
87
89
Total debt
1,009
+1039.6%
124
+37.8%
115
+21.8%
92
-4.1%
89
90
94
96
Net cash
-941
-1246.5%
-72
-15.5%
-41
-311.1%
-58
+31.3%
-70
-62
19
-84
Ratios
Current ratio
3.10x
3.56x
3.53x
3.29x
2.86x
2.75x
3.34x
1.76x
Debt to equity
2.28x
0.29x
0.28x
0.24x
0.24x
0.25x
0.27x
—
Debt to EBITDA
5.94x
0.80x
0.85x
0.80x
—
—
—
1.00x
Return on equity
11.42%
8.83%
7.38%
4.54%
—
—
—
—
Return on assets
3.07%
2.58%
2.11%
1.57%
—
—
—
1.64%
Book value per share
3.33
3.18
3.06
2.89
2.79
2.73
2.64
—
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728)
Listed as
KRMN (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Huntington Beach, CA
SEC filer status
, Emerging growth company
SEC CIK
2040127
Former names
TCFIII SPACECO HOLDINGS LLC (until Feb 5, 2025)

Other Aircraft Parts & Auxiliary Equipment, NEC companies

All 14 Aircraft Parts & Auxiliary Equipment, NEC companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.