Limbach Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $646.8M | $518.8M | $516.4M | $496.8M | $490.4M |
| Cost of revenue | $477.5M | $374.5M | $397.1M | $403.0M | $404.4M |
| Gross profit | $169.3M | $144.3M | $119.3M | $93.7M | $85.9M |
| Selling, general & administrative | $109.5M | $97.2M | $87.4M | $77.9M | $71.4M |
| Operating expenses | $119.9M | $105.7M | $90.0M | $81.7M | $71.9M |
| Operating income | $49.5M | $38.6M | $29.3M | $12.0M | $14.0M |
| Interest expense | $3.1M | $1.9M | $2.0M | $2.1M | — |
| Pretax income | $48.6M | $40.0M | $28.1M | $9.6M | $9.5M |
| Income tax expense | $9.6M | $9.1M | $7.3M | $2.8M | $2.8M |
| Net income | $39.1M | $30.9M | $20.8M | $6.8M | $6.7M |
| Balance Sheet | |||||
| Cash and equivalents | $11.3M | $44.9M | $59.8M | $36.0M | $14.5M |
| Current assets | $195.0M | $220.3M | $217.0M | $226.0M | $192.9M |
| Total assets | $381.1M | $352.1M | $304.4M | $294.6M | $267.5M |
| Current liabilities | $135.1M | $151.0M | $145.1M | $159.1M | $129.7M |
| Total liabilities | $185.5M | $198.6M | $183.5M | $199.1M | $179.7M |
| Stockholders' equity | $195.7M | $153.5M | $120.9M | $95.4M | $87.8M |
| Cash Flow Statement | |||||
| Cash from operations | $45.7M | $36.8M | $57.4M | $35.4M | -$24.2M |
| Depreciation and amortization | $18.1M | $11.9M | $8.2M | $8.2M | $5.9M |
| Stock-based compensation | $7.0M | $5.8M | $4.9M | $2.7M | $2.6M |
| Capital expenditure | $3.8M | $7.5M | $2.3M | $993,000 | $791,000 |
| Free cash flow | $41.9M | $29.3M | $55.1M | $34.4M | -$25.0M |
| Share repurchases | — | $0 | $0 | $2.0M | $0 |
Shares outstanding 11.9M · Free float 78.8%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.