Karman Holdings Inc. (KRMN)

Karman Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	50.45	17.37	12.7	4.36	-14.1
Depreciation & Amortization	60.91	42.74	32.8	27.18	34.98
Other Amortization	1.83	1.33	2.3	1.99	1.99
Stock-Based Compensation	3.35	1.41	0.99	1.29	1.6
Other Operating Activities	-3.08	8.33	-12.19	-9.92	-9.02
Change in Accounts Receivable	-90.47	-67.43	-20.35	-30.87	-34.83
Change in Inventory	-8.76	2.86	-0.04	7.57	2.17
Change in Accounts Payable	24.43	-16.88	31.78	14.23	11.32
Change in Unearned Revenue	12.15	-7.15	-6.21	20.01	8.65
Change in Other Net Operating Assets	-18.31	-4.68	-15.14	-15.5	-8.65
Operating Cash Flow	32.46	-22.12	26.65	20.33	-5.89
Operating Cash Flow Growth	-	-	31.08%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Capital Expenditures	-39.92	-20.34	-15.25	-16.78	-21.27
Sale of Property, Plant & Equipment	0.39	-	0.31	-	-
Cash Acquisitions	-389.85	-211.94	-31.29	-	-
Investment in Securities	-	-	-	0.56	0.01
Other Investing Activities	-	-6	-	-	-
Investing Cash Flow	-429.38	-238.27	-46.24	-16.21	-21.26

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Long-Term Debt Issued	-	535	76.5	41.54	17.5
Long-Term Debt Repaid	-	-400.13	-48.92	-39.78	-32.43
Net Debt Issued (Repaid)	457.75	134.87	27.58	1.75	-14.93
Issuance of Common Stock	1.03	156.31	-	-	31.77
Common Dividends Paid	-	-	-0.16	-0.79	-0.11
Other Financing Activities	-10.34	-8.36	-1.76	-6.25	-
Financing Cash Flow	446.62	282.82	25.67	-5.29	16.73

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Cash Flow	49.5	22.43	6.08	-1.17	-10.42

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Free Cash Flow	-7.46	-42.46	11.39	3.55	-27.16
Free Cash Flow Growth	-	-	220.75%	-	-
Free Cash Flow Margin	-1.11%	-9.00%	3.30%	1.26%	-12.00%
Free Cash Flow Per Share	-0.06	-0.32	0.07	0.02	-0.17
Levered Free Cash Flow	-34.48	-41.06	15.71	6.05	-
Unlevered Free Cash Flow	-0.54	-14.53	45.11	33.99	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash Interest Paid	57.55	44.82	47.87	45.9	35.62
Cash Income Tax Paid	17.55	16.92	-0.68	3.1	4.94
Change in Working Capital	-80.96	-93.29	-9.96	-4.57	-21.35

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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