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AI brief of an SEC Form 8-K · Karman (KRMN)

Karman raises 2025 revenue guidance to $452 million-$458 million on Q2 sales growth

Positive Impact 4 of 5 guidance Written later

Karman Space & Defense (NYSE: KRMN) reported second quarter 2025 revenue of $115.1 million, up 35.3% from a year earlier, and net income of $6.8 million, up 47.8%. The company raised its full-year 2025 revenue forecast to $452 million-$458 million from $423 million-$433 million, and its adjusted EBITDA forecast to $138.5 million-$141.5 million from $132 million-$137 million. For shareholders, the results and higher outlook show growth in revenue and profit, though GAAP net income for the first half was only $2.0 million.

Key points

  • Q2 2025 revenue was $115.1 million, up 35.3% year over year; net income was $6.8 million, or $0.05 per diluted share.
  • Non-GAAP adjusted EBITDA was $35.3 million, up 28.7%, with an adjusted EBITDA margin of 30.7%.
  • Funded backlog was $719.3 million as of June 30, 2025, up 24.1% from the end of 2024.
  • Full-year 2025 revenue guidance rose to $452 million-$458 million; adjusted EBITDA guidance rose to $138.5 million-$141.5 million.

The filing

CompanyKarman (KRMN)
Form8-K, current report
Filed with the SECAug 7, 2025, 4:31 PM ET
Accession number0000950170-25-105109

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.