Jun. 17 at 4:26 PM
$KRMN
is a monster Space play that many are not paying attention to.
Karman Holdings designs, tests, manufactures, and sells mission-critical systems across hypersonics & strategic missile defense, tactical missiles & integrated defense, and space & launch.
Think payload protection & deployment systems, aerodynamic interstage systems, and propulsion. The hard, mission-critical parts of every launch and missile program.
- Q1 FY26 revenue
$151M, up 51% YoY
- Record adj. EBITDA
$44.8M (29.6% margin)
- Gross margin 42%, adj. EPS up 100%+ to
$0.11
- Backlog
$3 B
Forward guidance just got raised:
FY26 revenue
$720M-
$735M
FY26 adj. EBITDA
$208.5M-
$219.5M
Market cap ~
$6.6B. Avg analyst PT
$117 (high
$135) vs ~
$50 today.
A growing space & launch pipeline, munitions acceleration agreements, and a pending
$250M contract are the catalysts.
From a technical perspective,
appears to have established a support level on a large daily order block, and a bounce here does looks likely.
