Form 8-K

8-K — Karman Holdings Inc.

Accession: 0002040127-26-000018

Filed: 2026-08-06

Period: 2026-08-06

CIK: 0002040127

SIC: 3728 (AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — krmn-20260806.htm (Primary)

EX-99.1 (krmn-ex99_1.htm)

EX-99.2 (krmn-ex99_2.htm)

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8-K

8-K (Primary)

Filename: krmn-20260806.htm · Sequence: 1

8-K

false0002040127Karman Holdings Inc.00020401272026-08-062026-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 06, 2026

KARMAN HOLDINGS INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-42520

85-2660232

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

5351 Argosy Avenue

Huntington Beach, California

92649

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (714) 898-9951

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 Par Value

KRMN

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 6, 2026, Karman Holdings Inc. (the “Company”) issued a press release announcing its financial results for the second quarter fiscal year ended June 30, 2026 (the “Press Release”) and issued earnings highlights for the second quarter fiscal year ended June 30, 2026 (the “Earnings Highlights”). Copies of the Press Release and Earnings Highlights are attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K (the “Report”) and are incorporated by reference in this Item 2.02.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 of this Report, including Exhibits 99.1 and 99.2, are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are furnished as part of this report:

Exhibit Number

Description

99.1

Press Release issued by Karman Holdings Inc., dated August 6, 2026

99.2

Second Quarter Fiscal Year 2026 Earnings Highlights, dated August 6, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Karman Holdings Inc.

Date:

August 6, 2026

By:

/s/Mike Willis

Mike Willis

Chief Financial Officer

EX-99.1

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EX-99.1

Ex. 99.1

Karman Space & Defense Reports Second Quarter Fiscal Year 2026 Financial Results

HUNTINGTON BEACH, Calif., August 6, 2026 – Karman Space & Defense (“Karman”, “Karman Holdings, Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development, and production of critical, next-generation systems that align with the core mission priorities of the U.S. Department of War and its allies, and meet the accelerating demand for access to space, today reported second quarter fiscal year 2026 financial results.

Second Quarter Fiscal Year 2026 and subsequent highlights

•

Record quarterly revenue of $182.1 million driven by year over year organic growth of 24.4% and total growth of 58.2%

•

Record quarterly net income of $14.0 million, up 106.1% year over year, and earnings per fully diluted share of $0.11, compared to $0.05 in the prior-year quarter

•

Record quarterly non-GAAP adjusted EBITDA of $54.6 million, a 54.7% year over year increase, and non-GAAP adjusted earnings per fully diluted share of $0.14, compared to $0.10 in the prior-year quarter

•

Record backlog of $1.3 billion at the end of the second quarter of 2026, up 65% compared to the end of the fiscal year 2025

•

Quarterly bookings of nearly $500 million across all end markets, including a large, multi-year contract with a space and launch customer

•

Agreement to acquire Walker Precision Engineering for approximately $94 million, expanding presence into the European defense market

•

Completed debt repricing, expected to reduce annual interest expense by approximately $4 million

•

Raising 2026 outlook to $730 to $745 million in revenue and $215 to $222.5 million in adjusted EBITDA

“Our team produced another quarter of record performance, generating revenue of $182 million driven by year over year organic growth of 24.4 percent and total growth of 58 percent, and adjusted EBITDA of $55 million, an increase of 55 percent,” said Jon Rambeau, chief executive officer of Karman Space & Defense. “Our record $1.3 billion backlog provides exceptionally strong visibility into our fiscal year 2026 outlook and positions us to achieve this year’s goals while building even stronger momentum for 2027 and beyond.

“The demand environment continues to strengthen, with more than $90 billion in recent prime contractor awards for THAAD and PAC-3 interceptors and over $76 billion for new Columbia and Virginia class submarines. Against this backdrop, bookings in the quarter totaled nearly $500 million, including a large, long-term agreement with a leading space and launch customer, and we are actively negotiating three additional long-term defense agreements with a combined potential value of more than $1 billion.

“We are scaling capacity to meet existing program requirements and we are simultaneously going on offense - winning alternative supplier positions on new programs and in new content areas. We believe Karman remains well positioned to create long-term shareholder value in this unique and accelerating demand environment,” Rambeau added.

Second Quarter Fiscal Year 2026 Financial Results

Three Months Ended June 30,

QTD Change

Six Months Ended June 30,

YTD Change

(unaudited, in thousands, except percentage)

2026

2025

YoY

2026

2025

YoY

Hypersonics and Strategic Missile Defense

43,417

34,960

up 24.2%

79,105

65,016

up 21.7%

Space and Launch

42,072

39,597

up 6.3%

85,926

73,468

up 17.0%

Tactical Missiles and Integrated Defense Systems

63,012

40,540

up 55.4%

108,272

76,737

up 41.1%

Maritime Defense Systems1

33,562

—

59,970

Total Revenue

182,063

115,097

up 58.2%

333,273

215,221

up 54.9%

1. Revenue in Maritime Defense Systems for the three and six months ended June 30, 2026 was previously included within other end markets.

* not a meaningful figure

The increase in total revenue reflects growth across all end-markets and our diversified portfolio of more than 150 customers and programs.

Growth in Hypersonics and Strategic Missile Defense revenue for the three and six months ended June 30, 2026 from the comparable period in the prior year, was primarily driven by growth in key interceptor program production and increased production associated with a new surface-to-surface missile system.

Growth in Space and Launch revenue for the three and six months ended June 30, 2026 from the comparable periods in the prior year, was primarily driven by content supporting both legacy and emerging launch providers, partially offset by customer order timing associated with shifting launch schedules.

Growth in Tactical Missiles and Integrated Defense Systems for the three and six months ended June 30, 2026 from the comparable period in the prior year, was primarily driven by strength in core production programs, including unmanned aircraft systems and counter-UAS, and emerging programs transitioning to production.

Growth in Maritime Defense Systems for the three months ended June 30, 2026 from the comparable period in the prior year was primarily driven by legacy and next generation submarine programs.

Backlog

As of June 30, 2026, total backlog was $1.3 billion, which represents the total value or current estimated value of existing contracts, less amounts previously invoiced. Contract types include, but are not limited to, purchase orders, long term agreements and contractual authorizations to proceed.

Business Outlook for the Full Year 2026

For the full fiscal year 2026, the Company raises its expectations for total revenue to between $730 million and $745 million, and for non-GAAP Adjusted EBITDA to between $215.0 million and $222.5 million, excluding the impact of any future acquisitions.

Non-GAAP adjusted EBITDA is provided in the full year 2026 Outlook on a forward-looking basis. The Company does not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with GAAP, because to do so could be misleading and unable to be accomplished without unreasonable effort given the difficulty of projecting event driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant.

The foregoing estimates are forward-looking and reflect management’s view of current and future market conditions, subject to certain risks and uncertainties, including certain assumptions with respect to our ability to efficiently and on a timely basis integrate acquisitions, obtain and retain contracts, react to changes in the timing and/or amount of government spending, changes in the demand for our products, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world. Investors are reminded that actual results may differ materially from these estimates and investors should review all risks related to achievement of the guidance reflected under “forward-looking statements” below and in the Company’s filings with the Securities and Exchange Commission.

Conference Call and Live Webcast

In conjunction with this release, Karman Space & Defense Inc. will host a conference call and live webcast today, Thursday, August 6, 2026, at 1:30 pm Pacific Time. Hosting the call and webcast to review results for the second quarter of fiscal year 2026 will be Chief Executive Officer Jon Rambeau, Chief Financial Officer Mike Willis, Chief Operating Officer Jonathan Beaudoin, and Senior Vice President, Investor Relations and Corporate Communications Steven Gitlin.

Investors may dial into the call using the following telephone numbers: +1 (833) 461-5787 (U.S. toll free) or +1 (585) 542-9983 (U.S. local or international) entering Meeting ID: 435 493 861. Please allow ten minutes prior to the start time to allow for registration.

Investors with Internet access may listen to the live audio webcast via the Investor Relations page of the Karman Space & Defense website, https://investors.karman-sd.com/overview/default.aspx, or directly at https://events.q4inc.com/attendee/435493861. Please allow ten minutes prior to the call to download and install any necessary audio software. A replay of the audio webcast will be available for one year.

A supplemental investor presentation for the second quarter fiscal year 2026 may be accessed at https://investors.karman-sd.com/News--Events/events-and-presentations/default.aspx.

Audio Replay

An audio replay of the event will be archived on the Investor Relations section of the Company's website at https://investors.karman-sd.com.

About Karman Space & Defense

Karman Space & Defense is a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of War and its allies’ core mission priorities and the accelerating demand for access to space. Building on nearly 50 years of success, we deliver Payload Protection Systems, Hydro/Aerodynamic Interstage Systems, and Propulsion & Launch Systems to more than 150 prime contractors and programs. Karman is headquartered in Huntington Beach, CA, with multiple facilities across the United States. For more information, visit our website, www.karman-sd.com.

Non-GAAP Supplemental Information

We present in this press release certain financial information based on our Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings Per Share (Adjusted EPS). We believe the non-GAAP financial measures will help investors understand our financial condition and operating results and assess our future prospects. We believe these non-GAAP financial measures, each of which is discussed in greater detail below, are important supplemental measures because they exclude unusual or non-recurring items as well as non-cash items that are unrelated to or may not be indicative of our ongoing operating results. Further, when read in conjunction with our U.S. GAAP results, these non-GAAP financial measures provide a baseline for analyzing trends in our underlying businesses and can be used by management as a tool to help make financial, operational and planning decisions. We may use non-GAAP financial metrics in certain management compensation plans, debt covenants, internal budgetary decision making, and other resource allocation decisions. Finally, these measures are often used by analysts and other interested parties to evaluate companies in our industry by providing more comparable measures that are less affected by factors such as capital structure.

We recognize that these non-GAAP financial measures have limitations, including that they may be calculated differently by other companies or may be used under different circumstances or for different purposes, thereby affecting their comparability from company to company. In order to compensate for these and the other limitations discussed below, management does not. and readers should not, consider these measures in isolation from or as alternatives to the comparable financial measures determined in accordance with U.S. GAAP. Readers should review the reconciliations below and should not rely on any single financial measure to evaluate our business.

We define these non-GAAP financial measures as follows:

EBITDA refers to net income before income taxes, depreciation and amortization and interest expense.

Adjusted EBITDA refers to EBITDA plus, as applicable for each period, adjustments for certain items management believes are not indicative of ongoing operations. Adjusted EBITDA excludes non-cash share-based compensation expenses. Additionally, Adjusted

EBITDA excludes certain nonrecurring costs that management excludes in contemplation of budget decisions and are not costs of operating the business, such as entity wide re-branding initiatives or acquisition integration costs, and lender and administrative agent fees associated with discrete amendments. Lastly, Adjusted EBITDA excludes other non-recurring costs including gains or losses from disposition of assets, non-cash impairment losses, non-recurring transaction expenses and other charges or gains that the Company believes are not part of the ongoing operations of its business. The resulting expense or benefit from these other non-recurring costs is inconsistent in amount and frequency.

Adjusted EBITDA Margin - Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by revenue. Adjusted EBITDA and Adjusted EBITDA Margin are not measures calculated in accordance with U.S. GAAP, and they should not be considered an alternative to any financial measures that were calculated under U.S. GAAP.

Adjusted EBITDA and Adjusted EBITDA Margin are used to facilitate a comparison of the ordinary, ongoing and customary course of our operations on a consistent basis from period to period and provide an additional understanding of factors and trends affecting our business. Adjusted EBITDA and Adjusted EBITDA Margin are driven by changes in volume, performance, contract mix and general and administrative expenses and investment levels. Performance, as used in this definition, refers to changes in profitability and is primarily based on adjustments to estimates at completion on individual contracts. These adjustments result from increases or decreases to the estimated value of the contract, the estimated costs to complete the contract, or both. These measures therefore assist management and our board and may be useful to investors in comparing our operating performance consistently over time as they remove the impact of our capital structure, asset base and items outside the control of the management team and expenses that do not relate to our core operations. Adjusted EBITDA and Adjusted EBITDA Margin may not be comparable to similarly titled non-GAAP measures used by other companies as other companies may have calculated the measures differently.

Adjusted EPS represents GAAP net income (loss) per fully diluted share, excluding transaction related expenses, integration expenses and non-recurring costs, lender and administrative agent fees, share-based compensation and other non-recurring costs as they are not representative of our operating performance.

Forward-Looking Statements

This announcement may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Karman, will prove to be correct or that any of our expectations, estimates or projections will be achieved.

Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation, that a significant portion of our revenue is generated from contracts with the United States military and U.S. military spending is dependent upon the U.S. defense budget; U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue; our business and operations expose us to numerous legal and regulatory requirements, and any violation of these requirements could materially adversely affect our business, results of operations, prospects and financial condition; our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and we have in the past consummated acquisitions and intend to continue to pursue acquisitions, and our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations. Readers and/or attendees are directed to the risk factors identified in the filings we make with the SEC from time to time, copies of which are available free of charge at the SEC’s website at www.sec.gov under Karman Holdings Inc.

The forward-looking statements included in this announcement are only made as of the date of this announcement. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law.

Karman Holdings, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except par value and share data)

(unaudited)

June 30,

December 31,

2026

2025

ASSETS

Current assets

Cash and cash equivalents

51,741

33,959

Accounts receivable, net

114,960

78,716

Contract assets

187,120

156,298

Inventory

16,299

10,662

Prepaid and other current assets

14,660

11,768

Total current assets

384,780

291,403

Property, plant and equipment

172,981

134,793

Less accumulated depreciation

(46,727

)

(39,384

)

Net property, plant and equipment

126,254

95,409

Other assets

Goodwill

498,148

352,513

Intangible assets, net

326,758

285,888

Operating lease right-of-use assets

15,466

6,021

Finance lease right-of-use assets

85,181

66,193

Other assets

7,390

6,669

Total other assets

932,943

717,284

Total assets

1,443,977

1,104,096

LIABILITIES AND EQUITY

Current liabilities

Accounts payable

45,382

31,632

Accrued payroll and related expenses

14,805

13,776

Contract liabilities

26,154

22,814

Current portion of operating lease liabilities

2,464

1,815

Current portion of finance lease liabilities

5,009

4,401

Current portion of term note

5,610

3,836

Income taxes payable

2,077

5,299

Other current liabilities

6,728

5,094

Total current liabilities

108,229

88,667

Term note, net of current

751,327

495,312

Operating lease liabilities, net of current

13,725

4,949

Finance lease liabilities, net of current

97,130

76,995

Other liabilities

6,892

7,650

Deferred tax liabilities

45,577

47,832

Total liabilities

1,022,880

721,405

Equity:

Preferred stock, $0.001 par value; authorized — 100,000,000 shares; issued and outstanding — none

—

Common stock; $0.001 par value; authorized — 1,000,000,000 shares; issued and outstanding — 132,533,486 and 132,322,435, respectively

133

132

Additional paid in capital

390,034

373,455

Accumulated other comprehensive income

Retained earnings

30,855

9,029

Stockholders' equity

421,097

382,691

Total liabilities and stockholders' equity

1,443,977

1,104,096

Karman Holdings, Inc.

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

182,063

115,097

333,273

215,221

Cost of goods sold

103,829

68,076

191,174

128,749

Gross profit

78,234

47,021

142,099

86,472

Operating expenses

General and administrative expenses

31,339

19,430

59,976

42,718

Depreciation and amortization expense

12,066

7,487

25,842

13,687

Operating expenses

43,405

26,917

85,818

56,405

Net operating income

34,829

20,104

56,281

30,067

Interest expense, net

(15,284

)

(11,893

)

(27,930

)

(23,266

)

Other income (expense)

(280

)

380

(454

)

300

Income before provision for income taxes

19,265

8,591

27,897

7,101

Provision for income taxes

(5,233

)

(1,784

)

(6,071

)

(5,092

)

Net income

14,032

6,807

21,826

2,009

Net income per common share, basic

0.11

0.05

0.16

0.02

Net income per common share, diluted

0.11

0.05

0.16

0.02

Weighted-average common shares, basic

132,527

132,322

132,502

132,322

Weighted-average common shares, diluted

132,531

132,322

132,514

132,322

Karman Holdings, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures

(unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

(unaudited, in thousands, except percent)

2026

2025

2026

2025

GAAP net income

14,032

6,807

21,826

2,009

Income tax provision

5,233

1,784

6,071

5,092

Depreciation and amortization1

15,176

10,307

31,808

19,176

Interest expense, net

15,284

11,893

27,930

23,266

EBITDA

49,725

30,791

87,635

49,543

Transaction-related expenses2

1,392

3,904

3,655

5,866

Integration expenses and non-recurring restructuring costs3

1,940

380

3,350

641

Lender and administrative agent fees4

206

780

1,466

Share-based Compensation5

1,444

—

1,444

8,084

Other non-recurring costs6

—

2,502

—

Adjusted EBITDA

54,580

35,281

99,366

65,600

Revenue

182,063

115,097

333,273

215,221

Net income margin

7.7

5.9

6.5

0.9

Adjusted EBITDA margin

30.0

30.7

29.8

30.5

Three Months Ended June 30,

Six Months Ended June 30,

(unaudited)

2026

2025

2026

2025

GAAP net income per share

0.11

0.05

0.16

0.02

Transaction-related expenses2

0.01

0.03

0.04

Integration expenses and non-recurring restructuring costs3

0.01

—

0.03

—

Lender and administrative agent fees4

0.00

—

0.01

Share-based compensation5

0.01

—

0.01

0.06

Other non-recurring costs6

0.00

0.02

Adjusted EPS7

0.14

0.10

0.25

0.16

Includes depreciation of property, plant and equipment, amortization of intangible assets and right-of-use assets. Depreciation expense includes allocated depreciation from cost of goods sold of $3.1 million and $2.8 million for the three months ended June 30, 2026 and 2025, respectively, and $6.0 million and $5.5 million for the six months ended June 30, 2026 and 2025, respectively.

Represents legal and due diligence fees incurred in connection with planned and completed acquisitions, which are required to be expensed as incurred. For the three and six months ended June 30, 2026, these expenses are primarily related to the Seemann acquisition. For the three and six months ended June 30, 2025, these expenses are primarily related to the MTI and ISP acquisitions. Additionally, the Company incurred certain professional service fees related to its IPO that did not meet the requirements to be deferred issuance costs. These costs are considered non-recurring and outside the ordinary course of business, and therefore are not indicative of ongoing operating performance, which was reflected in the six months ended June 30, 2025.

Includes company-wide system implementation expenses company re-branding costs and compliance efforts. This category also includes post-acquisition integration costs, and employee expenses related to acquisitions or restructuring activities.

Reflects non-recurring lender fees associated with discrete amendments to the Company’s credit agreement, separate from ongoing administrative fees.

Reflects share-based compensation expenses. For the three and six months ended June 30, 2026, these expenses related to the Company’s RSUs and PSUs. For the six months ended June 30, 2025, these expenses related to the Company’s P Units and Phantom Units. These Units were fully vested in connection with the completion of the Company’s IPO in February 2025.

Represents items management believes are not indicative of ongoing operating performance, including estimated legal settlements and related professional fees, as well as professional fees associated with other non-recurring events. Other non-recurring costs for the three and six months ended June 30, 2025 represent the write-off of unamortized debt issuance costs associated with our previous term loan, which was refinanced with the new Term Loan B.

Total may not sum due to rounding.

For additional media and information, please follow us:

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Contacts

Investor contact:

Steven Gitlin

investors@karman-sd.com

Media contact:

press@karman-sd.com

EX-99.2

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RECORD 2nd Qtr. 2026 RESULTS. “ “ Our team produced another quarter of record performance. We are scaling capacity to meet existing program requirements and simultaneously going on offense – winning alternative supplier positions on new programs and in new areas. Jon Rambeau Chief Executive Officer

SPEED . AGILITY . SCALE Aligned with the U.S. Government and its Allies’ Core Mission Priorities and the Accelerating Demand for Access to Space RECORD SECOND QUARTER 2026 RESULTS $182.1M Revenue +58% YoY $14.0M Net Income +106% YoY $54.6M Adj. EBITA 1 30% Margin CONSISTENT GROWTH HIGHLIGHTS Revenue (in $millions) Strong Execution, Accelerating Demand Signals, Growing Footprint and Expanding Visibility $345 $472 $730-$745 2 2024 2025 2026 Record backlog of $1.3 billion Learn more at karman-sd.com 24.4% YoY organic revenue growth Record bookings of nearly $500 million Raising full year guidance 2 Based on fiscal year 2026 revenue guidance as of August 6, 2026. Guidance is a forward-looking statement. See the Company’s filings for further information about our forward-looking statements. 1 Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please see company filings for a reconciliation of each non-GAAP measure to its most closely comparable GAAP measure.

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v3.26.1

Document And Entity Information

Aug. 06, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Aug. 06, 2026

Entity Registrant Name

Karman Holdings Inc.

Entity Central Index Key

0002040127

Entity Emerging Growth Company

true

Entity File Number

001-42520

Entity Incorporation, State or Country Code

Entity Tax Identification Number

85-2660232

Entity Address, Address Line One

5351 Argosy Avenue

Entity Address, City or Town

Huntington Beach

Entity Address, State or Province

Entity Address, Postal Zip Code

92649

City Area Code

(714)

Local Phone Number

898-9951

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

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false

Title of 12(b) Security

Common Stock, $0.001 Par Value

Trading Symbol

KRMN

Security Exchange Name

NYSE

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