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Other financials

Income statement

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Revenue$138.9M+4.3%
Gross profit$31.2M-15.1%
Operating income$1.1M-85.7%
Net income$4.4M-57.1%
EPS (diluted)$0.36-57.6%

Balance sheet

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Cash & equivalents$15.8M-58.5%
Total debt$101.1M+54.4%
Total equity$196.3M+21.8%
Total assets$377.0M+12.1%

Cash flow

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Operating cash flow-$7.8M-449%
CapEx$407.0K-81.7%
Free cash flow-$8.2M-74,800%

Valuation

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Market cap$580.75M-54.8%
Enterprise value$666.01M-49.7%
P/E17.5×-18.9×
P/S0.9×-1.4×

Profitability

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Gross margin25.1%-3.0pp
Operating margin6.5%-1.0pp
Net margin5.1%-1.2pp
FCF margin5.2%-1.6pp

Returns & leverage

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Return on equity18.6%-4.8pp
Debt / equity0.5×+0.1×
Current ratio1.7×+0.2×

Where this comes from

Reported directly by Limbach Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The source filing: Limbach Holdings, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:43 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030678
(in thousands, except share and per share data)March 31, 2026December 31, 2025
Cash and cash equivalents$15,766$11,345
Restricted cash6565
Accounts receivable (net of allowance for credit losses of $396 at both period ends)120,506133,205
Contract assets, net46,48545,467
Other current assets8,9374,967
Total current assets191,759195,049
Property and equipment, net40,97543,309
Intangible assets, net47,44249,187

Item 1. Financial Statements (Unaudited)

FAQ

What is Limbach Holdings, Inc.'s contract assets?
Limbach Holdings, Inc. (LMB) reported contract assets of $46.49M in Q1 2026.
How has Limbach Holdings, Inc.'s contract assets changed year-over-year?
Limbach Holdings, Inc.'s contract assets increased by 3.3% year-over-year, from $45.02M to $46.49M.
What is the long-term trend for Limbach Holdings, Inc.'s contract assets?
Over 5 years (2020 to 2025), Limbach Holdings, Inc.'s contract assets has grown at a -7.5% compound annual growth rate (CAGR), from $67.1M to $45.47M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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