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$43.91-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| For the three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income (loss) | $(4,798) | $2,122 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
| Depreciation and amortization | 9,455 | 7,350 |
| Amortization of debt issuance costs | 587 | 541 |
| Non-cash interest expense and other non-cash adjustments | 453 | (617) |
| Deferred income taxes | 1,072 | (1,312) |
| Share-based compensation expenses | 1,410 | 251 |
| Changes in operating assets and liabilities | ||
| Change in accounts receivable | 7,452 | 2,192 |
| Change in contract assets | (14,932) | (2,037) |
| Change in inventory | (534) | 3,881 |
| Change in prepaids and other assets | 10,327 | 582 |
| Change in contract liabilities | (3,867) | (4,510) |
| Change in accounts payable, accruals and income taxes payable | (19,957) | (5,111) |
| Net change in ROU assets and lease liabilities | (252) | (262) |
| Net cash provided by (used in) operating activities | (13,584) | 3,070 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (5,042) | (1,616) |
| Investment in convertible note | (6,000) | — |
| Acquisition of business, net of cash acquired | — | (30,687) |
| Net cash flows used in investing activities | (11,042) | (32,303) |
| Cash flows from financing activities | ||
| Net proceeds from issuance of common stock in initial public offering | 153,808 | — |
| Finance lease payments | (1,226) | (329) |
| Proceeds from notes payable | — | 35,000 |
| Repayments of notes payable | (2,281) | (2,703) |
| Payments of debt issuance costs | — | (963) |
| Proceeds from revolving line of credit | — | 8,000 |
| Repayments of revolving line of credit | (25,000) | (8,000) |
| Cash contributed from (distribution to) members | 1,474 | (37) |
| Net cash provided by financing activities | 126,775 | 30,968 |
| Net increase in cash and cash equivalents | 102,149 | 1,735 |
| Cash and cash equivalents, beginning | 11,530 | 5,455 |
| Cash and cash equivalents, ending | 113,679 | 7,190 |
| Supplemental Disclosures | ||
| Cash paid during the period for interest | $11,038 | $11,394 |
| Cash paid during the period for income taxes, net of refunds | $3,656 | $— |
| Supplemental Non-Cash Investing and Financing Activities | ||
| Non-cash acquisition of finance lease right-of-use assets | $— | $969 |
| Non-cash acquisition of operating lease right-of-use assets | $77 | $— |
| Acquisitions of property and equipment included in liabilities | $1,028 | $621 |
| Acquisition of business included in liabilities | $485 | $604 |
| Payment-in-kind interest expense | $— | $148 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.