Filing Flows › Limbach Holdings (LMB) › Q2 2025
Limbach Holdings (LMB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Limbach Holdings (LMB) reported revenue of $142M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +7% from the quarter before. Operating margin was 7.5%, net earnings $7.8M (5.5% of revenue).
Limbach Holdings, Q2 2025: revenue $142M (+16% year over year), operating margin 7.5%, net earnings $7.8M, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $142M | +7% | +16% |
| Gross profit | $39.8M | +8% | +19% |
| Operating profit | $10.6M | +35% | +30% |
| Net earnings | $7.8M | -24% | +30% |
| Operating cash flow | $2.0M | -11% | -88% |
| Free cash flow | $1.2M | 105× | -91% |
What changed
Revenue was $142.2M in Q2 2025, up 16% year over year and up 7% from the previous quarter.
Gross margin was 28.0%, up 0.6 points from a year earlier. Operating profit was $10.6M, a 7.5% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 7% margin then. Operating expenses grew 15% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $7.8M, up 30% year over year. The effective tax rate was 27.9%.
Operating cash flow was $2.0M (down 88% year over year), 26% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $11.3M. Capital expenditures of $845K left free cash flow of $1.2M.
Questions
What was Limbach Holdings' revenue in the second quarter 2025?
Limbach Holdings (LMB) reported revenue of $142M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +7% from the quarter before.
Was Limbach Holdings profitable in the second quarter 2025?
Operating profit was $10.6M (7.5% of revenue) and net earnings $7.8M.
Source: Limbach Holdings 10-Q on SEC EDGAR.