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SHIM

Shimmick Corporation Common Stock

SHIM

Shimmick Corporation Common Stock • NASDAQ
$2.64 ▲ 5.60% (+0.14)
Market Cap $94.55 M
52w High $3.78
52w Low $1.30
Dividend Yield 0%
P/E -1.47
Volume 34.42K
Outstanding Shares 35.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $141.92M ▲ $13.97M ▼ $-4.396M ▲ -3.098% ▲ $-0.13 ▲ $169K ▲
Q2-2026 $128.402M ▲ $15.224M ▲ $-8.525M ▲ -6.639% ▲ $-0.25 ▲ $-3.804M ▲
Q1-2026 $122.11M ▲ $13.576M ▼ $-9.77M ▲ -8.001% ▲ $-0.29 ▲ $-5.31M ▲
Q4-2025 $103.552M ▼ $19.897M ▲ $-38.462M ▼ -37.143% ▼ $-1.13 ▼ $-34.883M ▼
Q3-2025 $166.035M $10.985M $-1.564M -0.942% $-0.056 $3.86M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $17.597M ▼ $218.489M ▲ $271.145M ▲ $-52.656M ▼
Q2-2026 $21.393M ▲ $202.983M ▼ $252.445M ▼ $-49.462M ▼
Q1-2026 $16.302M ▼ $227.677M ▼ $270.318M ▲ $-42.482M ▼
Q4-2025 $33.73M ▲ $233.864M ▼ $268.538M ▼ $-34.515M ▼
Q3-2025 $25.962M $346.737M $345.764M $1.132M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2026 $-4.396M ▲ $-23.745M ▼ $-110K ▼ $20.113M ▲ $-3.742M ▼ $-28.715M ▼
Q2-2026 $-8.366M ▲ $-3.803M ▲ $2.489M ▲ $4.901M ▼ $3.587M ▲ $-4.15M ▲
Q1-2026 $-9.77M ▲ $-38.184M ▼ $-438K ▲ $21.907M ▲ $-16.715M ▼ $-38.729M ▼
Q4-2025 $-38.462M ▼ $44.924M ▲ $-3.348M ▼ $-32.354M ▼ $9.222M ▲ $44.41M ▲
Q3-2025 $-1.563M $12.665M $18.407M $-27.377M $3.695M $10.297M

Five-Year Company Overview

Income Statement

Income Statement Shimmick’s revenue has been relatively steady but not clearly growing, and profitability has been choppy. The company moved from small profits and break-even results to a noticeable loss in the most recent year, suggesting pressure on project margins or cost control. Operating performance has swung between mildly positive and clearly negative, which is typical for project-based engineering firms but still a sign of earnings volatility. Overall, the income statement shows a business still stabilizing its profitability after going public, with meaningful execution risk on individual projects.

Balance Sheet

Balance Sheet The balance sheet looks tight. Total assets have been edging down, and cash on hand has slipped compared with earlier years, giving the company less of a cushion to absorb shocks. Debt levels are not especially large, but equity has turned negative in the latest period, which reflects accumulated losses and a thin capital base. This combination suggests limited financial flexibility and a need for careful balance-sheet management as the company pursues new work.

Cash Flow

Cash Flow Cash generation has been weak and inconsistent. Operating cash flow has mostly been negative or around break-even, indicating that the company is not yet converting its project activity into reliable cash inflows. Free cash flow has been negative for several years, even though investment spending is modest, which means the business likely depends on external funding, working-capital swings, or existing cash to operate. Sustained improvement in cash flow will be important to reduce financial strain and support growth plans.

Competitive Edge

Competitive Edge Shimmick operates in heavy civil and infrastructure construction, with a focus on water, wastewater, dams, levees, and related transportation and electrical work. Its main edge comes from deep specialization in complex water projects, the ability to self-perform much of the construction, and strong project management capabilities. Collaborative delivery models and long experience with technically challenging public infrastructure give it credibility with government and utility clients. However, this is still a highly competitive, bid-driven market where project selection, pricing discipline, and execution quality heavily influence outcomes.

Innovation and R&D

Innovation and R&D Innovation at Shimmick is more about process and expertise than about traditional lab-based R&D. The company leans on advanced project management tools, integrated delivery methods, and self-performance capabilities to reduce delays, cost overruns, and quality issues. Strategically, it is shifting its backlog toward higher-margin “Shimmick Projects” and leaning into themes like smart water infrastructure, climate-resilient projects, and electrical and grid-related upgrades. Future innovation is likely to come from better use of data, partnerships, and targeted acquisitions rather than from proprietary technologies or patents.

Summary

Shimmick is a relatively new public company in the infrastructure space, with strong domain expertise but still-unsettled financial performance. The income statement and cash flows show a business that has yet to achieve consistent profitability or reliable cash generation, and the balance sheet has become thin, with negative equity and limited cash headroom. On the other hand, the company has meaningful strengths in complex water and heavy civil work, self-performance, and collaborative project delivery, all aligned with long-term needs for water, climate resilience, and grid modernization. The key questions going forward center on whether Shimmick can convert its strategic repositioning and strong backlog into steadier margins, stronger cash flow, and a more robust capital structure while managing the inherent risks of large, complex infrastructure projects.

NEWS

October 30, 2025 · 4:05 PM UTC

Shimmick Corporation to Announce Third Quarter 2025 Financial Results on November 13, 2025

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September 16, 2025 · 8:30 AM UTC

Shimmick Announces New Contracts in California and Washington

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