Karman Holdings Inc. (KRMN)

In February 2025, Karman Holdings went public at $22 per share, surging nearly 50% on the first day. In April, the company announced a $90 million deal to acquire Metal Technology. In May 2025, Karman Holdings acquired Industrial Solid Propulsion (ISP) for $60 million, which was accretive to revenue growth and margins, and reported a 20% increase in Q1 sales. In July 2025, selling shareholders offered 20 million shares, eventually selling 21 million shares at $49 per share. Karman Holdings reported strong Q2 2025 results in August 2025, with a 35% year-over-year revenue increase, leading to raised full-year guidance. Analyst upgrades occurred in August and June 2025, but insider selling also took place in July. On September 9, 2025, the stock plunged amid insider selling and an earnings miss. In November 2025, Karman Holdings reported record quarterly revenue for Q3 2025 but missed EPS expectations, causing a stock dip, though full-year revenue guidance was raised. As of November 26, 2025, the stock closed at $67.43.

No specific information regarding demand seasonality for Karman Holdings, Inc.'s products and services was found. Given the company's focus on mission-critical systems for defense and space programs, demand may be less subject to typical seasonal fluctuations. The company's funded backlog reached a record $758.2 million at the end of Q3 2025, suggesting a relatively stable demand environment.

Karman Holdings, Inc. specializes in the design, testing, manufacturing, and sale of mission-critical systems for missile and defense, and space programs. Operating within the Industrials sector, specifically Aerospace & Defense, it provides integrated solutions for Hypersonics & Strategic Missile Defense, Tactical Missile & Integrated Defense Systems, and Space & Launch. The company's engineered solutions include Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems. Karman Holdings was incorporated in 2020 and is headquartered in Huntington Beach, California.

Karman Holdings, Inc. is based in Huntington Beach, California, primarily serving the United States. Its network of campuses, including manufacturing sites, design labs, and corporate offices, is located on the West Coast, spanning from Washington to California. The company's solutions support important Department of Defense (DoD) and space sector initiatives.

Karman Holdings, Inc. generally maintains a positive brand reputation within its sector. The company is described as a leader in the rapid design, development, and production of critical, next-generation system solutions. Analysts have a broadly positive sentiment, with a consensus rating of "Buy". The company is seen as strategically positioned within growing defense and aerospace sectors, focusing on mission-critical systems for government initiatives. Its ability to serve over 100 programs and 70 customers reflects its competitive advantage. No specific events negatively impacting Karman Holdings, Inc.'s brand reputation in the past year were found.

Karman Holdings Inc. has a diverse ownership structure. Institutional investors own approximately 25.05% to 34.52% of the stock, while individual investors hold a significant portion. Insiders own about 6.68% to 17.4% of the stock. Major institutional owners include Fmr Llc, Lexington Partners L.P., Vanguard Group Inc, Donaldson Capital Management, Llc, GCM Grosvenor Holdings, LLC, BlackRock, Inc., Invesco Ltd., SMCWX - SMALLCAP WORLD FUND INC Class A, State Street Corp, Bamco Inc /ny/, Trive Capital Management LLC, Uninet Partners, Inc., Fidelity Management & Research Co. LLC, and T. Rowe Price Group, Inc. The largest individual shareholder is David Stinnett, and TCFIII Spaceco SPV LP owns 55.98% of the company.