Shimmick CorpSHIMEarnings & Financial Report
Shimmick Corp is a U.S.-based heavy civil construction firm specializing in building and upgrading critical public infrastructure, including water facilities, transportation systems, dams, and environmental remediation projects. It primarily serves federal, state, and local government clients across North America, delivering complex large-scale construction solutions for public sector segments.
Revenue
$122.1M
Gross Profit
$4.7M
Operating Profit
$-8.9M
Net Profit
$-9.8M
Gross Margin
3.8%
Operating Margin
-7.3%
Net Margin
-8.0%
YoY Growth
34.8%
EPS
$-0.28
Shimmick Corp Q1 FY2025 Financial Summary
Shimmick Corp reported revenue of $122.1M (up 34.8% YoY) for Q1 FY2025, with a net profit of $-9.8M (up 81.0% YoY) (-8.0% margin). Cost of goods sold was $117.4M, operating expenses totaled $13.6M.
Key Financial Metrics
| Total Revenue | $122.1M |
|---|---|
| Net Profit | $-9.8M |
| Gross Margin | 3.8% |
| Operating Margin | -7.3% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Shimmick Corp Q1 FY2025 revenue of $122.1M breaks down across 2 segments, led by Shimmick Projects at $93.2M (76.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Shimmick Projects | $93.2M | 76.3% |
| Legacy And Foundations Projects | $29.0M | 23.7% |
Shimmick Corp Revenue by Segment — Quarterly Trend
Shimmick Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Shimmick Projects and Legacy And Foundations Projects) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Shimmick Projects | $106.8M | $112.6M | $93.2M | $80.2M |
| Legacy And Foundations Projects | — | — | $29.0M | — |
Shimmick Corp Annual Revenue by Year
Shimmick Corp annual revenue history includes year-by-year totals (for example, 2024 revenue was $480.2M).
| Year | Annual Revenue |
|---|---|
| 2024 | $480.2M |
Shimmick Corp Quarterly Revenue & Net Profit History
Shimmick Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $141.9M | — | $-4.4M | -3.1% |
| Q2 FY2025 | $128.4M | -22.7% | $-8.5M | -6.6% |
| Q1 FY2025 | $122.1M | +34.8% | $-9.8M | -8.0% |
| Q4 FY2024 | $103.6M | -13.7% | $-38.5M | -37.1% |
| Q3 FY2024 | $166.0M | -5.4% | $-1.6M | -0.9% |
| Q2 FY2024 | $90.6M | — | $-51.4M | -56.7% |
| Q1 FY2024 | $120.0M | — | $-33.3M | -27.8% |
| Q3 FY2023 | $175.4M | — | $34.6M | 19.7% |
Income Statement
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.4M | $120.0M | $90.6M | $166.0M | $103.6M | $122.1M | $128.4M | $141.9M |
| YoY Growth | N/A | N/A | N/A | -5.4% | -13.7% | 34.8% | -22.7% | N/A |
Balance Sheet
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $457.1M | $378.0M | $344.5M | $346.7M | $233.9M | $227.7M | $203.0M | $218.5M |
| Liabilities | $388.8M | $339.9M | $344.1M | $345.8M | $268.5M | $270.3M | $252.4M | $271.1M |
| Equity | $68.4M | $38.1M | $436000 | $973000 | $-34.7M | $-42.6M | $-49.5M | $-52.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-35.0M | $-43.9M | $12.7M | $44.9M | $-38.2M | $-3.8M | $-23.7M |