“Interest Expense, net Interest expense, net increased by $3.4 million, or 28.5%, and $4.7 million, or 20.0%, for the three and six months ended June 30, 2026 from the comparative period of the prior year, which was primarily driven by higher principal balance…”10-Q · Aug 11, 2026 ↗
Karman Holdings Inc.
KRMN
You’ve read what changed. Here’s whether the market is confirming it.
Market read
Karman Holdings Inc.'s move is spreading beyond its market group.
KRMN accounts for 18.9% of the group's measured movement across 6.6 effective names. raw member direction is mixed; 0 of 12 SPY-adjusted paths align to the mixed. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Is this move genuinely shared?
NOC, LMT, RSG moved materially before KRMN. KRMN crossed its material path threshold at 13:35 ET, 180 minutes after the first measured mover. GD followed.
5 of 12 members in Aerospace & Defense are active. 0 of 1 disclosed connections are confirming.
- At least 8 of 12 durable members become active together.
- Capital-flow agreement rises above 55%.
- BWXT remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.
Research brief
The story so far
KRMN accounts for 18.9% of the group's measured movement across 6.6 effective names. raw member direction is mixed; 0 of 12 SPY-adjusted paths align to the mixed. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 8 of 12 durable members become active together.
- Capital-flow agreement rises above 55%.
- BWXT remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +36.6% year over year.
- Demand and volume has repeated favorable evidence across 3 filings.
- Operating margin changed -2.9 percentage points in the latest annual period.
- Operating cash flow was only -1.274x net income in the latest annual period.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 11, 2026
35.25Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Growth in Tactical Missiles and Integrated Defense Systems for the three months ended March 31, 2026 from the comparable period in the prior year, was primarily driven by demand associated with the continued adoption of advanced drone and loitering munitions…”10-Q · May 14, 2026 ↗
“Growth in Space and Launch revenue for the three and six months ended June 30, 2025 from the comparable periods in the prior year, was primarily driven by higher planned U.S.”10-Q · Aug 8, 2025 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for KRMN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for KRMN. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind KRMN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CTRNCiti Trends, Inc.lenderApr 3, 2026 ▾
“On May 27, 2025, the Company increased its Citi Term Note by $ 75.0 million to fund the acquisition of ISP.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
KRMN is currently a Participant in the organic co-movement group Aerospace & Defense. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.