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% on a QoQ basis from $32.6 million in Q4 2025.
Karman Holdings (KRMN) has 3 years of Operating Expenses data on file, last reported at $42.4 million in Q1 2026.
- Quarterly Operating Expenses rose 43.83% year-over-year to $42.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $130.0 million (up 57.51% YoY) and the FY2025 annual result came in at $117.1 million, up 70.8% from the prior year.
- Operating Expenses rose to $42.4 million in Q1 2026 per KRMN's latest filing, from $32.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $42.4 million in Q1 2026 and bottomed at $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.
- The widest annual swing landed in 2025, when Operating Expenses surged 90.23%; it then jumped 43.83% in 2026.
- Tracing KRMN's Operating Expenses over 3 years: stood at $20.4 million in 2024, then jumped by 59.87% to $32.6 million in 2025, then surged by 30.3% to $42.4 million in 2026.
- Per Business Quant, the three latest KRMN Operating Expenses figures stand at $42.4 million (Q1 2026), $32.6 million (Q4 2025), and $28.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | 10.18 Bn |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | 19.59 Bn |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 2.10 Bn |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | 120.00 Mn |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | 12.06 Bn |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | 132.46 Mn |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | 8.89 Bn |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | 273.00 Mn |
| 10 | Karman Holdings | 8.49 Bn | 8.42 Bn | 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 |