| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 9,653 | 2,009 |
| Depreciation and amortization | 30,146 | 19,176 |
| Amortization of debt issuance costs | 1,024 | 789 |
| Non-cash interest expense and other non-cash adjustments | 2,631 | 2,651 |
| Deferred income taxes | 5,131 | -718 |
| Share-based compensation expenses | 1,410 | 1,410 |
| Change in accounts receivable | 11,346 | -936 |
| Change in contract assets | 39,758 | 26,369 |
| Change in inventory | 1,037 | 397 |
| Change in prepaids and other assets | -9,189 | -10,148 |
| Change in acquisition related accrued expenses | - | 11,651 |
| Change in contract liabilities | -11,173 | -10,066 |
| Change in accounts payable, accruals and income taxes payable | -26,668 | -18,865 |
| Net change in rou assets and lease liabilities | 26 | 8 |
| Net cash provided by (used in) operating activities | -30,824 | -30,955 |
| Purchases of property and equipment | 15,640 | 8,669 |
| Investment in convertible note | 6,000 | 6,000 |
| Acquisitions of businesses, net of cash acquired | 126,279 | 126,279 |
| Net cash flows used in investing activities | -147,919 | -140,948 |
| Net proceeds from issuance of common stock in initial public offering | 153,808 | 153,808 |
| Finance lease payments | 2,892 | 1,896 |
| Proceeds from notes payable | 375,000 | 375,000 |
| Repayments of notes payable | 338,052 | 337,115 |
| Payments of debt issuance costs | 6,541 | 6,541 |
| Proceeds from revolving line of credit | 30,000 | 30,000 |
| Repayments of revolving line of credit | 25,000 | 25,000 |
| Repayment of debt assumed in isp acquisition | 1,919 | 1,919 |
| Cash contributed from (distribution to) members | 1,474 | 1,474 |
| Net cash provided by financing activities | 185,878 | 187,811 |
| Net increase in cash and cash equivalents | 7,135 | 15,908 |
| Cash and cash equivalents at beginning of period | 11,530 | - |
| Cash and cash equivalents at end of period | 18,665 | - |
Karman Holdings Inc. (KRMN)
Karman Holdings Inc. (KRMN)