Flagship explainer

How Karman Holdings Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$472M · 100%Cost of revenue$281M · 60%Gross profit$190M · 40%Operating income$72.9M · 15%Income before tax$32.5M · 7%Income tax$15.2M · 3%Net income$17.4M · 4%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$472M100%
Cost of revenue$281M60%
$190M40%
$72.9M15%
Income before tax$32.5M7%
Income tax$15.2M3%
$17.4M4%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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