Karman Holdings Inc. (KRMN) - Stock Analysis
Last updated: Jan 13, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Karman Space & Defense offers 42% YoY revenue growth, raised 2025 guidance, strong $758M backlog, profitable outlook, and robust technical momentum (+26% in 3 weeks). Defense and commercial space demand supports near-term price appreciation with strategic acquisition enhancing growth.
Loading chart data...
AI Analyst Overview
Loading chart data...
Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Improved liquidity ⢠Compressed EBITDA ⢠Very high multiples KRMN shows materially stronger liquidity and equity cushioning but troubling operating compression and stretched valuation amid large intangibles.
Price Behavior
Key Price Behavior Insights: ⢠Strong rally ⢠Limited pullbacks ⢠Overbought risk Support Level: $90â$95 Resistance Level: not yet clearly established (previous $85â$90 turned support) Over the last month KRMN has shown strong bullish momentum, rallying from about $76.85 to $107.50 with limited pullbacks but elevated shortâterm overbought/correction risk.
Sentiment & News
Key News Insights: ⢠Institutional inflows ⢠Defense expansion ⢠Insider selling Karman is drawing significant institutional investment and expanding defense capabilities via a Pentagon contract and Seemann acquisition, while insider selling injects short-term caution.
AI Summary
Karman's shift from an organic parts vendor to an acquisitionâdriven defense consolidator fundamentally changes the investment thesisâvaluation now depends on successful integration, sequential EBITDA margin recovery and freeâcashâflow deleveraging to avoid impairmentâled multiple compression or dilutive refinancing, so investors should require clear proof of accretive M&A and improving FCF before trusting the current elevated multiples.
Description
Karman Holdings Inc., through its subsidiary Karman Space and Defense, designs, tests, manufactures and sells systems and components for missile, defense, space, hypersonic and launch vehicle markets, including metallic and composite flight hardware as well as payload handling, interstage aerodynamic and propulsion solutions. The company was incorporated in 2020 and is based in Huntington Beach, California. Karman Holdings is a subsidiary of TCFIII Spaceco SPV LP.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Dec 25 | Jan 1 | KRMN | Karman Holdings Inc. | Karman Space & Defense offers 42% YoY revenue growth, raised 2025 guidance, strong $758M backlog, profitable outlook, and robust technical momentum (+26% in 3 weeks). Defense and commercial space demand supports near-term price appreciation with strategic acquisition enhancing growth. | Closed | -9.4% |