---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-052081"
form_type: "8-K"
ticker: "KRMN"
cik: "0002040127"
company_name: "Karman Holdings Inc."
filed_at: "2025-04-08T23:59:59+00:00"
generated_at: "2026-05-23T19:14:04.404880+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Karman reports record FY2024 revenue $345.3M (+23% YoY); issues optimistic 2025 guidance

## Summary
- FY2024 revenue $345.3M (+23% YoY), net income $12.7M (+191%), adjusted EBITDA $106.1M (+29.7%).
- Funded backlog $579.8M (+35.2%) provides >90% visibility to 2025 revenue guidance midpoint.
- All three segments grew double-digit: Hypersonics +14.5%, Space & Launch +21.5%, Tactical Missile +34.5%.
- 2025 guidance: revenue $423-433M, adjusted EBITDA $132-137M; implies continued strong growth.
- 2025 highlights: closed $581.9M IPO (net $173.2M), refinanced with $300M TLB + $50M revolver, acquired MTI.

## SEC filing metadata
- accession: 0000950170-25-052081
- form_type: 8-K
- ticker: KRMN
- cik: 0002040127
- company_name: Karman Holdings Inc.
- filed_at: 2025-04-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2040127/000095017025052081/0000950170-25-052081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2040127/000095017025052081/ck0002040127-20250408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-052081
- JSON: https://secwatch.observer/filing/0000950170-25-052081.json
- Plain text: https://secwatch.observer/filing/0000950170-25-052081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.