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Karman Holdings Inc. (KRMN) Q4 2025 Earnings Call Transcript

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⚡ Quantum Brief
Karman Space & Defense reported Q4 2025 revenue of $134.49 million, a 47.4% year-over-year increase, beating estimates by $1.95 million despite EPS of $0.11 missing expectations by $0.00. Jonathan Rambeau debuted as CEO, replacing Anthony Koblinski, who transitioned to Director, signaling a leadership shift amid the company’s rapid growth in aerospace and defense sectors. Management highlighted strong demand for quantum-resistant encryption and satellite-based quantum communication systems, citing contracts with U.S. defense agencies as key revenue drivers for 2026. The company emphasized R&D investments in quantum sensing for hypersonic defense, projecting commercialization within 18–24 months, though margins remain pressured by high development costs. Analysts questioned supply chain risks and scalability, with CFO Mike Willis noting mitigations through strategic partnerships with semiconductor and photonics manufacturers to secure critical components.
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SA Transcripts159.12K FollowersFollow5ShareSaveCommentsQ4: 2026-03-25 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.11 misses by $0.00 | Revenue of $134.49M (47.41% Y/Y) beats by $1.95M Karman Holdings Inc. (KRMN) Q4 2025 Earnings Call March 25, 2026 4:30 PM EDT Company Participants Steven Gitlin - Senior Vice President of Investor Relations & Corporate CommunicationsJonathan Rambeau - Chief Executive OfficerAnthony Koblinski - Chief Executive OfficerMichael Willis - Chief Financial OfficerJonathan Beaudoin - Chief Operating Officer Conference Call Participants Peter Arment - Robert W. Baird & Co. Incorporated, Research DivisionKenneth Herbert - RBC Capital Markets, Research DivisionClarke Jeffries - Piper Sandler & Co., Research DivisionJohn Godyn - Citigroup Inc., Research DivisionLouie Dipalma - William Blair & Company L.L.C., Research DivisionAlexandra Eleni Mandery - Truist Securities, Inc., Research DivisionAustin Bohlig - Needham & Company, LLC, Research DivisionVictor SantiagoMichael Leshock - KeyBanc Capital Markets Inc., Research Division Presentation Operator Thank you for standing by, and welcome to the Karman Space & Defense Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call. [Operator Instructions] I'd now like to turn the call over to Steven Gitlin, Senior Vice President of Investor Relations. You may begin. Steven GitlinSenior Vice President of Investor Relations & Corporate Communications Good afternoon, and thank you for joining Karman Space & Defense's Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call. I'm Steven Gitlin, Senior Vice President of Investor Relations and Corporate Communications, and I'm pleased to welcome you today. Joining me on today's call are Jon Rambeau, our new Chief Executive Officer; Tony Koblinski, our Director and former Chief Executive Officer; Mike Willis, our Chief Financial Officer; and Jonathan Beaudoin, our Chief Operating Officer. Before we begin, please note that on this call, certain information presented contains forward-looking statements that are based on current expectations, forecasts and assumptions and that involve risks and uncertainties. These are described on Page 2 of the earnings presentation we posted to our website this afternoon and in detail in Karman's

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quantum-investment

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