SATCOM INTELSatellite & space-infrastructure intelligence, read through SESBrief 2026-08-29 · 15:14 UTC

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KRMN

Karman Holdings Inc.

Merchant supplierNYSE:KRMN

$6.1Bmarket cap
$45.57▼ 3.90%
1layers occupied

VALUE-CHAIN POSITION

L1Components / subsystemsmerchant
L2Spacecraft manufacturing
L3Launch / in-space transport
L4Constellation ownership / operations
L5Services, data & applications
GGround segment / terminals

Where this company sits on the value chain, and whether each layer is captive (done for itself) or merchant (sold to others). Dashed = entering. The migration these positions track: end-to-end convergence.

QUARTERLY FINANCIALS

Revenue and operating margin, last 8 quarters

$0M$52M$105M$157M$209M2024Q1: $83M revenue · 16.3% op margin2024Q12024Q2: $85M revenue · 21.5% op margin2024Q3: $86M revenue · 20.2% op margin2024Q32025Q1: $100M revenue · 10.0% op margin2025Q2: $115M revenue · 17.5% op margin2025Q22025Q3: $122M revenue · 17.9% op margin2026Q1: $151M revenue · 14.2% op margin2026Q12026Q2: $182M revenue · 19.1% op margin2024Q1: 16.3% operating margin2024Q2: 21.5% operating margin2024Q3: 20.2% operating margin2025Q1: 10.0% operating margin2025Q2: 17.5% operating margin2025Q3: 17.9% operating margin2026Q1: 14.2% operating margin2026Q2: 19.1% operating margin-10%0%30%
Revenue (left)Operating margin (right)+119% over the window

Structured from SEC XBRL company facts. Quarterly durations only; a Q4 reported only in the 10-K is omitted rather than shown as a partial year. data/companies/karman/financials.jsonl

RECENT FILINGS

133 filings total · data/companies/karman/filings.jsonl

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