Karman Holdings (KRMN) Operating Expenses (2024 - 2026)
Karman Holdings (KRMN) posted quarterly Operating Expenses of $42.4 million for Q1 2026, up 43.83% YoY from $29.5 million in Q1 2025, and up 30.3% sequentially from $32.6 million in Q4 2025.
Karman Holdings (KRMN) Operating Expenses (2024 - 2026) Analysis & Trends
Karman Holdings has disclosed Operating Expenses across 3 years of filings, most recently posting $42.4 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 43.83% year-over-year to $42.4 million; the TTM figure through Mar 2026 stood at $130.0 million (up 57.51% YoY), while the FY2025 annual figure was $117.1 million, up 70.8% from the prior year.
- Operating Expenses grew to $42.4 million in Q1 2026, from $32.6 million in the prior quarter.
- Over the last five years, Operating Expenses for KRMN reached as high as $42.4 million in Q1 2026 and fell as low as $15.5 million in Q1 2024.
- The 3-year median for Operating Expenses is $26.9 million (2025), against an average of $25.3 million.
- Annual changes were most pronounced in 2025 — Operating Expenses jumped 90.23% — and 2026, when it soared 43.83%.
- A 3-year view of Operating Expenses shows it stood at $20.4 million in 2024, then soared by 59.87% to $32.6 million in 2025, then jumped by 30.3% to $42.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $42.4 million, $32.6 million, and $28.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.10 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 19.59 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 12.06 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 120.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 273.00 Mn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 8.89 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 132.46 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Karman Holdings | 7.31 Mn | -66.49 Mn | 63.87 Mn | 42.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |