Karman Holdings Inc. (KRMN) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$41.69 +9.77% NYSE • Public Delayed / 60s Snapshot

Karman Holdings Inc. (KRMN) receives a Roarable Rating of D+ (Sell) and flashes a Red SELL / AVOID warning (62/100 RQD Confidence). Our SEC filing scanner spotted paper earnings outpacing real operating cash flow (+156.7% (NI vs OCF)) while unpaid customer invoices grew—a classic sign to step aside until cash flow catches up.

ROARABLE D+ • SELL / AVOID Cap $5.53B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510062
2-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D+ · Rk D
Cash (8)Whales (11)SEC (8)Macro (15)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+1.8% Base Target
$124 Bull$42 Base$33 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:72% Call Buyers ($3.3M)
28% PutsMax Pain: $41.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How KRMN Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$471.5MGross Profit $190.0M (40.3%)Cost of Sales $281.5MOp Profit $72.9M (15.5%)OpEx (R&D/SG&A) $117.1MNet Profit$17.4M (3.7%)Tax/Other $55.6M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $280.7M
FY24
Rev $345.3M
FY25
Rev $471.5M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$471.5M40.3%15.5%$17.4M-$42.5M8.6%
FY 2024$345.3M38.3%18.4%$12.7M$11.4M11.3%
FY 2023$280.7M44%17.3%$4.4M$7.7M2.1%
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KRMN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -41.23%▼ DESCENDING CHANNEL
2026-10-30O $40.58H $41.87L $38.75C $39.95VOL 2.29M
RES: $57.83SUP: $27.30SMA50: $37.07SMA200: $63.82
$92.86$75.64$58.43$41.21$24.00RES $57.83SUP $27.30$39.952026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

KRMN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
48.0%/yr Implied 5Y Growth

vs. +36.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on KRMN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for KRMN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for KRMN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

KRMN Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Karman Holdings Inc. (KRMN)?

In FY 2025 (10-K), KRMN converted $471.5M of revenue into a 40.3% gross margin, 15.5% operating margin, and $0 in free cash flow (0% FCF margin).