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Karman Holdings Inc. (Karman Space & Defense)

Karman Space & Defense (KRMN) has a market cap of US$4.5B as of Oct 2, 2026 close, ranked #13 by whole market cap among companies with space divisions. How it is built

KRMN on NYSE · USA · Only part of this company is space; it is ranked separately and never enters pure-play or segment totals.

Market cap

US$4.5B

Priced on NYSE (KRMN) · as of Oct 2, 2026 close

Shares outstanding

132.5M

Shares as of Aug 3, 2026 · 10-Q filed Aug 11, 2026 (SEC EDGAR)

Coverage

Companies with space divisions

Ranked by whole market cap; only part of each company is space.

Next event

—

Nothing on the calendar yet

Price · NYSE (KRMN)

as of Oct 2, 2026End of day

US$34.13▲ +7.1%

Regular-session last sale across US venues on Oct 2, 2026, not the official closing auction price.

Oct 2, 2026 · US$34.13

Change: ▼ −53.6%
High: US$115.30 Jan 28, 2026
Low: US$31.87 Oct 1, 2026
Range: Oct 1, 2025 to Oct 2, 2026 · 253 sessions

Regular-session last sales, as traded. Prices are not adjusted for share splits.

What they do

as of Oct 3, 2026

Karman makes payload fairings, separation systems, propulsion components and other structures for launch vehicles, missiles and hypersonic systems. It is headquartered in Huntington Beach, California. Its shares have traded on the New York Stock Exchange as KRMN since its initial public offering in February 2025. Only part of the company is space: missile and hypersonic work is the larger share.

A plain description of the business, reviewed Oct 3, 2026. Drawn from: Form S-1 and 10-K filings (CIK 0002040127). Corrections: see corrections.

Recent filings and events

as of Oct 1, 2026

Last results filing: Form 10-Q: quarterly report, filed Aug 11, 2026 · period Jun 30, 2026

Sep 16, 20268-KItems 7.01, 9.01 · SEC EDGARAI summaryKarman Holdings Inc. made available an investor presentation on September 16, 2026, disclosing financial and operational metrics. The company reported a record backlog of $1.322 billion as of June 30, 2026, a ~1.6x book-to-bill ratio over the last 18 months, and executed five strategic acquisitions since its initial public offering with combined acquired revenue of $168 million at close. Karman reported second-quarter adjusted EBITDA margins of approximately 30% and planned capital expenditures of $35–$38 million for 2026.
Sep 15, 20263Initial insider holdings · SEC EDGAR
Aug 28, 20268-KItems 1.01, 2.03, 7.01, 8.01, 9.01 · SEC EDGAR
Aug 27, 20268-KItems 5.02, 7.01, 9.01 · SEC EDGAR
Aug 11, 202610-QQuarterly report · SEC EDGAR
Aug 6, 20268-KItems 2.02, 9.01 · SEC EDGAR
Aug 6, 20268-KItems 1.01, 2.03, 9.01 · SEC EDGAR
Aug 6, 2026SCHEDULE 13G/APassive ownership report (amendment) · SEC EDGAR
Aug 6, 2026EarningsKarman Space & Defense reported results of operations (Form 8-K, item 2.02) · SEC EDGAR
Jun 11, 20268-KItems 4.01, 9.01 · SEC EDGAR

Sources: SEC EDGAR. All filings on EDGAR. Insider forms (Form 4) are in the table below. Dated events are on the calendar and the launch manifest. Summaries of 8-Ks and registration statements are written by an AI model from the filing's own text and state only what it says; the filing is the record.

Insider transactions (Form 4)

Last 10 insider transactions reported on Form 4
Date	Reporting person	Transaction	Shares	Price	Owned after	Filing
Sep 16, 2026	Stinnett DavidDirector	Open-market or private purchase	+27,000	US$37.3203	3,530,395	Form 4 filed Sep 18, 2026
Sep 16, 2026	Petryszyn Mary DDirector	Open-market or private purchase	+500	US$37.4399	2,863	Form 4 filed Sep 18, 2026
Sep 16, 2026	Twitty StephenDirector	Open-market or private purchase	+275	US$36.79	2,638	Form 4 filed Sep 18, 2026
Sep 14, 2026	Boynton Chris MichaelCHIEF FINANCIAL OFFICER	Grant or award	+11,358	US$0.00	11,358	Form 4 filed Sep 15, 2026
May 21, 2026	Petryszyn Mary DDirector	Grant or award	+2,363	US$0.00	2,363	Form 4 filed Jun 8, 2026
May 21, 2026	Sawhill StephanieFormer Chief Growth Officer	Grant or award	+689	US$0.00	505,628	Form 4 filed May 26, 2026
May 21, 2026	Petryszyn Mary DDirector	Grant or award	+2,294	US$0.00	2,294	Form 4 filed May 26, 2026
May 21, 2026	Willis MichaelChief Financial Officer	Grant or award	+689	US$0.00	689	Form 4 filed May 26, 2026
May 21, 2026	Twitty StephenDirector	Grant or award	+2,363	US$0.00	2,363	Form 4 filed May 26, 2026
May 21, 2026	Stinnett DavidDirector	Grant or award	+1,962	US$0.00	3,503,395	Form 4 filed May 26, 2026

What each Form 4 reported, as filed. Non-derivative transactions only; option grants and exercises appear on the filing itself. All filings on EDGAR.

Contract awards · last 12 months

No US federal contract award of US$250K or more on file for the last 12 months.

US federal awards of US$250K or more, from USAspending.gov. Amounts are as the source states them. Defense awards reach USAspending about 90 days after signing.

Upcoming events

Nothing on the manifest for Karman Space & Defense yet.

Each row links to its source. The calendar lists every company's dates; the full launch manifest explains the status labels.

Peers

Kratos Defense & Security SolutionsKTOSUS$8.1B#11 · as of Oct 2, 2026 close
Mercury SystemsMRCYUS$5.1B#12 · as of Oct 2, 2026 close
Applied Aerospace & DefenseAADXUS$2.2B#14 · as of Oct 2, 2026 close
LyntrisLYNXUS$1.5B#15 · as of Oct 2, 2026 close
Frequency ElectronicsFEIMUS$968M#16 · as of Oct 2, 2026 close

All companies with space divisions ranked by whole market cap · Space industry market cap · Leaderboard

Listings

Every listing of Karman Holdings Inc. (Karman Space & Defense)
Ticker	Exchange	Currency	Share class	Role
KRMN	NYSE	USD	Common	Pricing listing

Share classes

as of Aug 3, 2026

Shares outstanding by class
Class	Shares	As of	Counted	Source
Common	132,533,708	Aug 3, 2026	At its own listed price	SEC EDGAR

How this market cap is built

as of Oct 2, 2026End of day

Shares outstanding: 132,533,708 · every class, counted once · shares as of Aug 3, 2026 · from the 10-Q filed Aug 11, 2026
Price: US$34.13 · priced on NYSE (KRMN) · regular-session last sale on Oct 2, 2026
Market cap: US$4.5B = 132,533,708 shares × US$34.13
In Canadian dollars: C$6.4B · Bank of Canada rate for Oct 2, 2026: US$1 = C$1.4246
On the list: Number 13 of 17 companies with space divisions with a computed market cap. Only part of this company is space.

Market cap = shares outstanding × one price × one exchange rate (methodology). The price is a last sale across several US venues, not the official closing auction price.

How this number is built: methodology. Where the data comes from: sources. Who runs this site and what they hold: disclosures.