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Shimmick (SHIM) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Shimmick (SHIM) Q2 2026 earnings results →

Q2 2026 Revenue down 17% year over year to $107M · 5¢ of every $1 of revenue lost · operating margin -2.5%

Shimmick made $107M in Q2 2026 (-17% Y/Y). Operating margin -2.5%, net loss $4.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$107M
Year over year-17%
Operating margin-2.5%
Net earnings−$4.8M
Operating cash flow−$17.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $106.6M in Q2 2026, down 17% year over year and up 21% from the previous quarter.

Gross margin was 11.7%, up 5.4 points from Q2 2025. Operating costs exceeded revenue by $2.7M, an operating margin of -2.5%. Operating expenses fell 1% while revenue fell 17%. The quarter ended with a net loss of $4.8M, wider than the previous quarter's $4.4M loss.

Operating cash flow was −$17.1M. Non-cash charges added back $2.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $16.4M. Capital expenditures of $53K exceeded it, leaving free cash flow of −$17.1M.

Quarterly history

Shimmick revenue by quarterShimmick revenue by quarter$104MQ1 2025$122MQ1 2025$128MQ2 2025$142MQ3 2025$100MQ1 2026$88.0MQ1 2026$107MQ2 2026
Shimmick net earnings by quarterShimmick net earnings by quarter−$38.5MQ1 2025−$9.8MQ1 2025−$8.4MQ2 2025−$4.4MQ3 2025−$2.9MQ1 2026−$4.4MQ1 2026−$4.8MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$107M-17%-2.5%−$4.8M−$17.1M
Q1 202610-QMay 15, 2026$88.0M-28%-2.6%−$4.4M−$7.5M
Q1 202610-KMar 13, 2026$100M-3%-0.2%−$2.9M$618K
Q3 202510-QNov 13, 2025$142M-14%-2.2%−$4.4M−$23.7M
Q2 202510-QAug 14, 2025$128M+42%-5.5%−$8.4M−$3.8M
Q1 202510-QMay 14, 2025$122M+2%-7.3%−$9.8M−$38.2M
Q1 202510-KMar 20, 2025$104M-25%-39.3%−$38.5M$44.9M

Charts

Shimmick: revenue growth, year over year and quarter over quarterShimmick: revenue growth, year over year and quarter over quarterY/YQ/Q-25%Q1 2025+2%+18%Q1 2025+42%+5%Q2 2025-14%+11%Q3 2025-3%-29%Q1 2026-28%-12%Q1 2026-17%+21%Q2 2026
Latest (Q2 2026): Y/Y -17%, Q/Q +21%.
Shimmick: where the cash came from (+) and went (−), TTM to Q2 2026Shimmick: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$47.8MOther financing$42.8MOther investing$6.9MCapital spending−$6.1MCash drawn (+) / kept (−)$4.6MNet borrowing (+) / repaid (−)−$384K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Shimmick: profit against cash, quarter by quarterShimmick: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.6M$12.7MQ3 2024−$38.5M$44.9MQ1 2025−$9.8M−$38.2MQ1 2025−$8.4M−$3.8MQ2 2025−$4.4M−$23.7MQ3 2025−$2.9M$618KQ1 2026−$4.4M−$7.5MQ1 2026−$4.8M−$17.1MQ2 2026
Latest (Q2 2026): Net income −$4.8M, Operating cash flow −$17.1M.
Shimmick: diluted shares by fiscal yearShimmick: diluted shares by fiscal year0MFY20220MFY20230MFY20250MFY2026
+58.7% since FY2022: more shares outstanding (issuance, stock pay).
Shimmick in its industry: growth against margin (12 companies, SIC 1600)Shimmick in its industry: growth against margin (12 companies, SIC 1600)revenue growth, year over year →↑ operating marginmedian +28%median 7%JFLRKBRGVASTRLROADMWHORNCDNLSLNDRNGESHIM (-17%, -2%)
Heavy Construction Other Than Bldg Const - Contractors; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Shimmick

Shimmick delivers turnkey solutions that are designed to strengthen the water market, as well as other critical infrastructure markets, including energy, climate resiliency and sustainable transportation. With a history and experience that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today’s most complex infrastructure challenges. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that seek to accelerate economic growth and empower communities nationwide.

In its own words, from its 10-K, filed Mar 13, 2026.

Shimmick against its Heavy Construction Other Than Bldg Const - Contractors peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -17% against the peers' median +28%. Operating margin: -2.5% against the peers' median 7.3%.

CompanyQuarterRevenueY/YOp. margin
SHIM ShimmickQ2 2026$107M-17%-2.5%
J Jacobs SolutionsQ3 FY26$4.1B+34%7.0%
FLR FluorQ3 2026$3.7B+10%6.0%
KBR KBRQ3 2026$2.0B+5%9.2%
GVA Granite ConstructionQ3 2026$1.8B+23%12.7%
STRL Sterling InfrastructureQ3 2026$1.6B+127%19.6%
ROAD Construction PartnersQ3 FY26$999M+28%10.9%
MWH Solv EnergyQ2 2026$951M+78%7.3%
BYOP KiNRGQ2 2026$369M—4.6%

Source: Shimmick 10-Q on SEC EDGAR · CIK 1887944 · Heavy Construction Other Than Bldg Const - Contractors

13F: who owns SHIM and who is buying

Largest holders of SHIM (13F)Largest holders of SHIM (13F)Cannell Capital LLC$4.4MGratia Capital, LLC$3.3M1492 Capital Management LLC$2.8MMyda Advisors LLC$2.6MPacific Ridge Capital Partners, L…$2.5MVanguard Capital Management LLC$1.3MSanders Morris Harris LLC$1.2MSEI Investments$1.1MBlackRock$1.0MGeode Capital Management, LLC$713K
Funds' net buying of SHIM by quarter (13F)Funds' net buying of SHIM by quarter (13F)−$355K2024-09$324K2024-12−$93K2025-03$6K2025-06$331K2025-09−$2.5M2025-12$4.7M2026-03$6.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SHIM

History

Every quarter: Q2 2026 results · Q1 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q1 2025 results

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