Karman Space & Defense Stock Is Rising – Know Why

• Karman said it generated record quarterly net income of $7.7 million, a 358% year-over-year increase.
• KRMN achieved a record backlog of $801.1 million during the quarter, up 38.2% compared to the end of the fourth quarter of 2024. 
• KRMN increased its expectations for total revenue to between $715 million and $730 million, and for adjusted EBITDA to between $207 million and $218 million for FY 2026. 

Karman Space & Defense (KRMN) shares rose 1.4% during Wednesday’s extended hours of trading after it reported record fourth quarter (Q4) revenue. 

The company said that it posted record quarterly revenue of $134.5 million, up 47.4% year over year. Analysts’ on average had expected revenue of $132.4 million, as per data from Stocktwits. 

Karman said it generated record quarterly net income of $7.7 million, a 358% year-over-year increase, and earnings per fully diluted share of $0.06 that missed Wall Street projection of $0.12 per share. 

“Our team delivered outstanding results in 2025, with 37 percent revenue growth, 37 percent adjusted EBITDA growth and strategic investments designed to satisfy accelerating customer demand for our solutions,” said CEO Jon Rambeau. 

KRMN achieved a record backlog of $801.1 million during the quarter, up 38.2% compared to the end of the fourth quarter of 2024. 

Business Outlook

For the full fiscal year 2026, KRMN increased its expectations for total revenue to between $715 million and $730 million, and for adjusted core profit to be between $207 million and $218 million.

“With strong market conditions and the Seemann and MSC acquisition complete, our total backlog is now more than $1 billion as of March 20, 2026, and supports our increased 2026 financial outlook. This represents annual growth of 53 percent in revenue and 46 percent in adjusted EBITDA, to the midpoints of those ranges,” Rambeau said. 

How Did Stocktwits Users React?

Retail sentiment around KRMN trended in ‘extremely bullish’ territory amid ‘high’ message volume. 

One bullish user praised the results and noted that the company operates in a growing defense sector. 

Shares in the company have jumped 34% so far in 2026. 

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