---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-070388"
form_type: "8-K"
ticker: "KRMN"
cik: "0002040127"
company_name: "Karman Holdings Inc."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T19:05:04.385067+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Karman Q1 2025 revenue $100.1M (+20.6% YoY); record backlog $636.4M; reaffirms FY guidance

## Summary
- Q1 revenue $100.1M (+20.6% YoY); net loss $4.8M due to IPO share-based comp.
- Record non-GAAP adj. EBITDA $30.3M (+24.7%); adj. EPS $0.05 (+67%).
- Funded backlog $636.4M (+9.8% vs Q4); reaffirms FY revenue $423M-$433M.
- All three segments grew: Hypersonics +21.1%, Space & Launch +12.0%, Tactical Missile +29.6%.
- Closed $300M Term Loan B and $50M revolver to refinance debt; acquired MTI.

## SEC filing metadata
- accession: 0000950170-25-070388
- form_type: 8-K
- ticker: KRMN
- cik: 0002040127
- company_name: Karman Holdings Inc.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2040127/000095017025070388/0000950170-25-070388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2040127/000095017025070388/ck0002040127-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-070388
- JSON: https://secwatch.observer/filing/0000950170-25-070388.json
- Plain text: https://secwatch.observer/filing/0000950170-25-070388.txt

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