Karman Holdings (KRMN) Operating Expenses (2024 - 2026)

Karman Holdings (KRMN) reported Operating Expenses of $42.4 million for Q1 2026, up 43.83% year-over-year from $29.5 million in Q1 2025, and up 30.3% quarter-over-quarter from $32.6 million in Q4 2025.

Karman Holdings (KRMN) Operating Expenses (2024 - 2026) Analysis & Trends

Karman Holdings (KRMN) has 3 years of Operating Expenses data on file, last reported at $42.4 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $42.4 million, up 43.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $130.0 million (up 57.51% YoY), and the FY2025 annual result was $117.1 million, up 70.8% from the prior year.
  • Operating Expenses improved to $42.4 million in Q1 2026 per KRMN's latest filing, from $32.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $42.4 million in Q1 2026 and troughed at $15.5 million in Q1 2024.
  • A 3-year average of $25.3 million and a median of $26.9 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 90.23% in 2025, then soared 43.83% in 2026.
  • 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.
  • Business Quant data shows KRMN's Operating Expenses at $42.4 million in Q1 2026, $32.6 million in Q4 2025, and $28.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 1.85 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 10.18 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 19.59 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn 2.10 Bn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn -
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 120.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 12.06 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn 8.89 Bn
10 Karman Holdings 6.29 Bn 6.22 Bn 63.87 Mn 42.41 Mn

Historic Data

Download Data
DateValue
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