Karman Holdings Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 8, 2025
KRMN$43.91-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| For the six months ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income | $2,009 | $6,726 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | ||
| Depreciation and amortization | 19,176 | 15,656 |
| Amortization of debt issuance costs | 789 | 1,128 |
| Non-cash interest expense and other non-cash adjustments | 2,651 | (332) |
| Deferred income taxes | (718) | (5,251) |
| Share-based compensation expenses | 1,410 | 497 |
| Changes in operating assets and liabilities | ||
| Change in accounts receivable | 936 | 3,373 |
| Change in contract assets | (26,369) | (11,390) |
| Change in inventory | (397) | 5,839 |
| Change in prepaids and other assets | 10,148 | (190) |
| Change in contract liabilities | (10,066) | (5,502) |
| Change in accounts payable, accruals and income taxes payable | (18,865) | (1,108) |
| Change in acquisition related accrued expenses | (11,651) | — |
| Net change in ROU assets and lease liabilities | (8) | (233) |
| Net cash provided by (used in) operating activities | (30,955) | 9,213 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (8,669) | (6,703) |
| Investment in convertible note | (6,000) | — |
| Acquisitions of businesses, net of cash acquired | (126,279) | (30,687) |
| Net cash flows used in investing activities | (140,948) | (37,390) |
| Cash flows from financing activities | ||
| Net proceeds from issuance of common stock in initial public offering | 153,808 | — |
| Finance lease payments | (1,896) | (1,098) |
| Proceeds from notes payable | 375,000 | 35,000 |
| Repayments of notes payable | (337,115) | (4,984) |
| Payments of debt issuance costs | (6,541) | (962) |
| Proceeds from revolving line of credit | 30,000 | 17,000 |
| Repayments of revolving line of credit | (25,000) | (17,500) |
| Repayment of debt assumed in ISP acquisition | (1,919) | — |
| Cash contributed from (distribution to) members | 1,474 | (76) |
| Net cash provided by financing activities | 187,811 | 27,380 |
| Net increase in cash and cash equivalents | 15,908 | (797) |
| Cash and cash equivalents, beginning | 11,530 | 5,455 |
| Cash and cash equivalents, ending | 27,438 | 4,658 |
| Supplemental Disclosures | ||
| Cash paid during the period for interest | $20,103 | $23,898 |
| Cash paid during the period for income taxes, net of refunds | $10,360 | $— |
| Supplemental Non-Cash Investing and Financing Activities | ||
| Non-cash acquisition of finance lease right-of-use assets | $— | $4,087 |
| Non-cash acquisition of operating lease right-of-use assets | $1,342 | $— |
| Offering expenses included in liabilities | $1,028 | $— |
| Acquisition of business included in liabilities | $3,899 | $— |
| Common stock issued in acquisition of business | $5,752 | $— |
| Acquisitions of property and equipment included in liabilities | $854 | $1,010 |
| Payment-in-kind interest expense | $— | $333 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.