Every material Form 8-K Karman filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Karman Space & Defense reported third-quarter 2025 revenue of $121.8 million, up 41.7% from a year earlier, and net income of $7.6 million, up 78.1%. The company raised and narrowed its full-year 2025 revenue and adjusted EBITDA guidance, which gives shareholders a higher expected range for the year.
Q3 2025 revenue was $121.8 million, up 41.7% year over year; net income was $7.6 million, or $0.06 per diluted share
Full-year 2025 revenue guidance raised to $461 million to $463 million, from $452 million to $458 million
Full-year 2025 non-GAAP adjusted EBITDA guidance raised to $142 million to $143 million, from $138.5 million to $141.5 million
Preliminary 2026 revenue growth expectation of 20% to 25%, excluding future acquisitions
Karman Holdings agreed on October 28, 2025 to acquire Five Axis Industries through a wholly-owned subsidiary, for $83 million in cash and 68,625 shares of common stock. The press release says the deal closed on October 28, 2025. The company funded the cash portion with a $130 million incremental term loan under a credit agreement amendment dated October 24, 2025, which adds debt and may dilute existing shareholders through the share issuance.
Purchase price: $83 million in cash plus 68,625 shares of Karman common stock, subject to customary closing adjustments.
Transaction closed October 28, 2025, according to the October 30, 2025 press release.
$130 million incremental term loan under the Second Amendment to Credit Agreement dated October 24, 2025, with Citibank, N.A. among the parties.
Loan proceeds may repay revolving credit loans, fund working capital and general corporate purposes, including acquisitions, and pay associated fees.
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.
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.
Karman Holdings priced an underwritten public offering of 21,000,000 common shares at $49.00 each, all sold by existing stockholders rather than the company. Karman says it will receive none of the proceeds, so the deal changes its share count only through the sale of existing stock, and the company agreed to a 90-day lock-up on its own share sales.
Offering priced July 23, 2025 at $49.00 per share; 21,000,000 shares sold by Selling Stockholders
Karman Holdings will not receive any proceeds from the offering, including any sale of the 3,150,000 option shares
Underwriters' 30-day option for 3,150,000 additional shares was fully exercised on July 24, 2025
Company agreed not to sell or dispose of shares for 90 days from July 23, 2025, subject to exceptions; shares delivered July 25, 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Karman filing is on SEC EDGAR ↗. 8-K briefs of other companies →