Filing Flows › Karman Holdings (KRMN) › Q2 2026
Karman Holdings (KRMN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Karman Holdings (KRMN) reported revenue of $182M for the second quarter 2026 (Q2 2026), +58% from a year earlier and +20% from the quarter before. Operating margin was 19.1%, net earnings $14.0M (7.7% of revenue).
Karman Holdings, Q2 2026: revenue $182M (+58% year over year), operating margin 19.1%, net earnings $14.0M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | +20% | +58% |
| Gross profit | $78.2M | +22% | +66% |
| Operating profit | $34.8M | +62% | +73% |
| Net earnings | $14.0M | +80% | +106% |
| Operating cash flow | −$3.2M | -1623% | — |
What changed
Revenue was $182.1M in Q2 2026, up 58% year over year and up 20% from the previous quarter. Tactical Missile and Integrated Defense Systems was the largest line at 35% of revenue. Tactical Missile and Integrated Defense Systems added $22.5M year over year (up 55%), 34% of the total change.
Gross margin was 43.0%, up 2.1 points from Q2 2025. Operating profit was $34.8M, a 19.1% margin (up 1.7 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 17% margin then. Operating expenses grew 61% against revenue growth of 58%. The fastest-growing cost line was General & admin (+61%). Net earnings were $14.0M, up 106% year over year. The effective tax rate was 27.2%.
Operating cash flow was −$3.2M. Non-cash charges added back $15.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $33.8M. Capital expenditures of $14.5M exceeded it, leaving free cash flow of −$17.7M.
Questions
What was Karman Holdings' revenue in the second quarter 2026?
Karman Holdings (KRMN) reported revenue of $182M for the second quarter 2026 (Q2 2026), +58% from a year earlier and +20% from the quarter before.
Was Karman Holdings profitable in the second quarter 2026?
Operating profit was $34.8M (19.1% of revenue) and net earnings $14.0M.
Source: Karman Holdings 10-Q on SEC EDGAR.