Willdan Group, Inc.WLDNEarnings & Financial Report
Willdan Group, Inc. (Willdan) is an American publicly traded company selling professional technical and consulting services to public and private utilities, public agencies at all levels of government, and commercial and industrial firms. The company operates offices in more than a dozen states, with its key operations in California and New York.
WLDN Q3 FY2025 Key Financial Metrics
Revenue
$182.0M
Gross Profit
$67.1M
Operating Profit
$14.9M
Net Profit
$13.7M
Gross Margin
36.9%
Operating Margin
8.2%
Net Margin
7.5%
YoY Growth
15.0%
EPS
$0.90
Willdan Group, Inc. Q3 FY2025 Financial Summary
Willdan Group, Inc. reported revenue of $182.0M (up 15.0% YoY) for Q3 FY2025, with a net profit of $13.7M (up 86.8% YoY) (7.5% margin). Cost of goods sold was $114.9M, operating expenses totaled $52.2M.
Key Financial Metrics
| Total Revenue | $182.0M |
|---|---|
| Net Profit | $13.7M |
| Gross Margin | 36.9% |
| Operating Margin | 8.2% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Willdan Group, Inc. Q3 FY2025 revenue of $182.0M breaks down across 5 segments, led by Public Utility at $74.2M (40.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Public Utility | $74.2M | 40.8% |
| Governments | $64.6M | 35.5% |
| Engineering Consulting Services | $27.3M | 15.0% |
| Commercial | $15.9M | 8.8% |
| Alternative Power Generation Inc | $4.8M | 2.6% |
Willdan Group, Inc. Revenue by Segment — Quarterly Trend
Willdan Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Public Utility and Governments) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Public Utility | $74.2M | — | $66.2M | — |
| Governments | $64.6M | — | — | — |
| Engineering Consulting Services | $27.3M | — | — | — |
| Commercial | $15.9M | — | $23.3M | — |
| Alternative Power Generation Inc | $4.8M | — | $12.7M | — |
Willdan Group, Inc. Annual Revenue by Year
Willdan Group, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $565.8M).
Willdan Group, Inc. Quarterly Revenue & Net Profit History
Willdan Group, Inc. 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 | $182.0M | +15.0% | $13.7M | 7.5% |
| Q2 FY2025 | $173.5M | +23.0% | $15.4M | 8.9% |
| Q1 FY2025 | $152.4M | +24.4% | $4.7M | 3.1% |
| Q4 FY2024 | $144.1M | -7.5% | $7.7M | 5.3% |
| Q3 FY2024 | $158.3M | +19.2% | $7.3M | 4.6% |
| Q2 FY2024 | $141.0M | +18.4% | $4.6M | 3.3% |
| Q1 FY2024 | $122.5M | +19.4% | $2.9M | 2.4% |
| Q4 FY2023 | $155.7M | +37.5% | $8.0M | 5.2% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $155.7M | $122.5M | $141.0M | $158.3M | $144.1M | $152.4M | $173.5M | $182.0M |
| YoY Growth | 37.5% | 19.4% | 18.4% | 19.2% | -7.5% | 24.4% | 23.0% | 15.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $415.6M | $407.9M | $421.3M | $447.3M | $464.9M | $471.2M | $484.9M | $507.9M |
| Liabilities | $215.7M | $202.4M | $208.3M | $223.3M | $230.5M | $225.6M | $218.9M | $224.8M |
| Equity | $199.8M | $205.5M | $213.0M | $224.0M | $234.3M | $245.5M | $265.9M | $283.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $15.1M | $26.9M | $889000 | $10.8M | $33.5M | $3.3M | $25.4M | $12.2M |