Karman Holdings Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 14, 2025
KRMN$45.90+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except par value and share data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $113,679 | $11,530 |
| Accounts receivable, net | 47,768 | 55,220 |
| Contract assets | 122,154 | 107,222 |
| Inventory | 10,417 | 9,883 |
| Prepaid and other current assets | 7,522 | 17,856 |
| Total current assets | 301,540 | 201,711 |
| Property, plant and equipment | 93,098 | 87,832 |
| Less accumulated depreciation | (29,734) | (26,952) |
| Net property, plant and equipment | 63,364 | 60,880 |
| Other assets | ||
| Goodwill | 225,146 | 225,146 |
| Intangible assets, net | 204,575 | 208,952 |
| Operating lease right-of-use assets | 5,721 | 6,071 |
| Finance lease right-of-use assets | 67,852 | 70,013 |
| Other assets | 7,195 | 1,187 |
| Total other assets | 510,489 | 511,369 |
| Total assets | $875,393 | $773,960 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable | $25,445 | $28,296 |
| Accrued payroll and related expenses | 8,289 | 11,249 |
| Contract liabilities | 26,001 | 29,868 |
| Short term operating lease liabilities | 1,468 | 1,533 |
| Short term finance lease liabilities | 4,043 | 3,980 |
| Short term notes payable, net of debt issuance costs | 7,140 | 7,140 |
| Income taxes payable | 16,817 | 20,054 |
| Other current liabilities | 1,062 | 12,487 |
| Total current liabilities | 90,265 | 114,607 |
| Long-term liabilities | ||
| Revolving line of credit | — | 25,000 |
| Long-term notes payable, net of current portion and net of debt issuance costs | 325,419 | 326,920 |
| Noncurrent operating lease liabilities, net of current portion | 5,037 | 5,338 |
| Noncurrent finance lease liabilities, net of current portion | 76,565 | 77,957 |
| Other liabilities | 2,746 | 2,772 |
| Deferred tax liabilities | 26,443 | 25,370 |
| Total long-term liabilities | 436,210 | 463,357 |
| Total liabilities | 526,475 | 577,964 |
| Equity: | ||
| Preferred stock, $0.001 par value; authorized — 100,000,000 shares; issued and outstanding — none | — | — |
| Common stock; $0.001 par value; authorized — 1,000,000,000 shares; issued and outstanding — 132,174,593 and none, respectively | 132 | — |
| Additional paid in capital | 361,846 | 204,258 |
| Accumulated other comprehensive income | 75 | 75 |
| Accumulated deficit | (13,135) | (8,337) |
| Stockholders' equity and members' equity, respectively | 348,918 | 195,996 |
| Total liabilities and equity | $875,393 | $773,960 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.