Filing Flows › Limbach Holdings (LMB) › Q1 2026
Limbach Holdings (LMB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Limbach Holdings (LMB) reported revenue of $139M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -26% from the quarter before. Operating margin was 0.8%, net earnings $4.4M (3.2% of revenue).
Limbach Holdings, Q1 2026: revenue $139M (+4% year over year), operating margin 0.8%, net earnings $4.4M, operating cash flow −$7.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | -26% | +4% |
| Gross profit | $31.2M | -35% | -15% |
| Operating profit | $1.1M | -94% | -86% |
| Net earnings | $4.4M | -64% | -57% |
| Operating cash flow | −$7.8M | -128% | -449% |
What changed
Revenue was $138.9M in Q1 2026, up 4% year over year and down 26% from the previous quarter.
Gross margin was 22.4%, down 5.1 points from Q1 2025. Operating profit was $1.1M, a 0.8% margin (down 5.1 points year over year). Operating profit fell $6.8M even though revenue rose $5.8M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 4%. Net earnings were $4.4M, down 57% year over year. The tax line was a benefit of $3.7M on pre-tax earnings of $723K.
Operating cash flow was −$7.8M. Non-cash charges added back $4.4M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $18.5M. Capital expenditures of $407K exceeded it, leaving free cash flow of −$8.2M.
Questions
What was Limbach Holdings' revenue in the first quarter 2026?
Limbach Holdings (LMB) reported revenue of $139M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -26% from the quarter before.
Was Limbach Holdings profitable in the first quarter 2026?
Operating profit was $1.1M (0.8% of revenue) and net earnings $4.4M.
Source: Limbach Holdings 10-Q on SEC EDGAR.