Karman Holdings (KRMN) Q3 FY2026 earnings: revenue $202 million, up 65.6% on the year
Karman Holdings Inc. (KRMN) reported revenue of $202 million for Q3 FY2026, the quarter ended 30 September 2026, up 65.6% on the same quarter a year earlier. Net income was $21 million, up 173.5% on the year, and diluted earnings per share $0.16. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.
Revenue
$202 million
+65.6% on the year · +10.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
15.7%
17.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
$21 million
+173.5% on the year · +49.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.16
+166.7% on the year · +45.5% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 raised.
Record revenue and earnings: Revenue was $201.6 million, up 65.6%, with 25% organic growth. Net income was $20.9 million and diluted EPS was $0.16, against $7.6 million and $0.06 a year earlier.
Adjusted EBITDA rose 60%: Adjusted EBITDA was $60.5 million, up from $37.7 million. Adjusted EPS was $0.19, compared with $0.10 in the prior-year quarter.
Full-year guidance raised: Management raised fiscal 2026 revenue and adjusted EBITDA expectations, citing visibility from the record backlog and the quarter's results.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
26.7
-3.2
0.1
+20,303.1%
Capital expenditure
13.4
14.5
7.0
-7.8%
+91.7%
Free cash flow
13.4
-17.7
-6.8
Free cash flow margin
6.6%
-9.7%
-5.6%
Cash from investing
-108
-14.0
-7.0
Cash from financing
97.4
-4.9
-1.9
Depreciation and amortisation
16.5
15.2
11.0
+8.8%
+50.5%
Share-based compensation
15.5
13.9
9.0
+11.5%
+72.2%
Diluted shares, weighted
133m
133m
132m
+0.0%
+0.2%
Shares outstanding at period end
133m
133m
132m
+0.0%
+0.2%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
442
421
369
+4.9%
+19.7%
Debt
859
757
398
+13.5%
+115.8%
Operating lease liabilities
16.5
13.7
5.4
+20.2%
+205.5%
Finance lease liabilities
126
97.1
74.4
+29.3%
+68.9%
Other liabilities
201
155
121
+29.3%
+65.4%
Total liabilities and equity
1,643
1,444
968
+13.8%
+69.7%
Fixed assets
148
126
83.0
+17.5%
+78.7%
Goodwill
551
498
302
+10.5%
+82.4%
Intangible assets
354
327
245
+8.3%
+44.4%
Cash and equivalents
68.2
51.7
18.7
+31.7%
+265.2%
Receivables
123
115
70.2
+6.7%
+74.7%
Inventory
32.7
16.3
15.4
+100.4%
+112.4%
Other assets
367
310
234
+18.4%
+56.8%
Total assets
1,643
1,444
968
+13.8%
+69.7%
Questions
What was Karman Holdings' revenue in Q3 FY2026?
Karman Holdings (KRMN) reported revenue of $202 million for Q3 FY2026, the quarter ended 30 September 2026, up 65.6% on the same quarter a year earlier.
How much did Karman Holdings earn in Q3 FY2026?
Net income for Q3 FY2026 was $21 million, up 173.5% on the year, and diluted earnings per share $0.16.
When did Karman Holdings report Q3 FY2026 results?
Karman Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.