US EditionX Financial Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results
Karman Space & Defense disclosed its unaudited Q4 and FY2025 financial results to inform investors and market stakeholders of its performance.
- On Wednesday, March 25, 2026, Huntington Beach-based Karman Space & Defense reported record 2025 revenue of $471.5 million, with total backlog exceeding $1 billion as of March 20, 2026.
- Strategic acquisitions drove expansion, as Karman completed three accretive deals during 2025. In January 2026, the company acquired Seemann Composites and MSC to deepen maritime defense capabilities.
- Fourth quarter revenue reached $134.5 million, up 47.4% year-over-year, according to CEO Jon Rambeau. Net income for the quarter surged to $7.7 million, a 358% increase compared to the prior year.
- The board approved a semi-annual dividend of $0.28 per ADS, payable May 20, 2026, to shareholders of record on April 30, 2026. Karman also upsized its revolving credit facility to $150 million in March 2026.
- For full-year 2026, Karman projects revenue between $715 million and $730 million and adjusted EBITDA of $207 million to $218 million, excluding impacts from future acquisitions.
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Karman Space & Defense said today fourth-quarter revenue was $134.5 million, up 47% year-over-year and above analysts’ estimates, while net income for the period shot up 358% to $7.7 million (NYSE: KRMN). “The generational increase in demand for the missile and munitions programs that Karman supports, combined with the U.S. government’s efforts to establish multi-year prime procurement contracts and the continued expansion of the space economy …
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