Karman Holdings (KRMN) Operating Expenses (2024 - 2026)
Karman Holdings' (KRMN) quarterly Operating Expenses came in at $43.4 million in Q2 2026, up 61.25% year-over-year from $26.9 million in Q2 2025, and up 2.34% quarter-over-quarter from $42.4 million in Q1 2026.
Analysis
Karman Holdings (KRMN) Operating Expenses (2024 - 2026) Analysis & Trends
Karman Holdings (KRMN) has reported Operating Expenses for 3 consecutive years, with $43.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 61.25% year-over-year to $43.4 million in Q2 2026; TTM through Jun 2026 was $146.5 million, a 57.28% increase from a year earlier, with the FY2025 full-year figure at $117.1 million, up 70.8% from the prior year.
- Operating Expenses was $43.4 million for Q2 2026 at Karman Holdings, up from $42.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $43.4 million in Q2 2026 and troughed at $15.5 million in Q1 2024.
- A 3-year average of $27.1 million and a median of $27.5 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 90.23% in 2025 and surged 43.83% in 2026, its largest moves.
- Over 3 years, Operating Expenses stood at $20.4 million in 2024, then surged by 59.87% to $32.6 million in 2025, then surged by 33.34% to $43.4 million in 2026.
- The last three Operating Expenses figures came in at $43.4 million (Q2 2026), $42.4 million (Q1 2026), and $32.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 122.01 Bn | 118.22 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 95.71 Bn | 91.37 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 76.80 Bn | 76.09 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.72 Bn | 71.41 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 46.24 Bn | 44.72 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 33.11 Bn | 32.15 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 27.62 Bn | 27.28 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.67 Bn | 20.19 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.32 Bn | 15.57 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Karman Holdings | 4.56 Bn | 4.51 Bn | 78.23 Mn | 43.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.41 Mn |
| Mar 31, 2026 | 42.41 Mn |
| Dec 31, 2025 | 32.55 Mn |
| Sep 30, 2025 | 28.13 Mn |
| Jun 30, 2025 | 26.92 Mn |
| Mar 31, 2025 | 29.49 Mn |
| Dec 31, 2024 | 20.36 Mn |
| Sep 30, 2024 | 16.38 Mn |
| Jun 30, 2024 | 16.31 Mn |
| Mar 31, 2024 | 15.50 Mn |