Filing Flows › Willdan Group (WLDN) › Q1 2026
Willdan Group (WLDN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Willdan Group (WLDN) reported revenue of $155M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before. Operating margin was 4.7%, net earnings $8.5M (5.5% of revenue).
Willdan Group, Q1 2026: revenue $155M (+2% year over year), operating margin 4.7%, net earnings $8.5M, operating cash flow −$24.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155M | -11% | +2% |
| Gross profit | $63.2M | +0.9% | +10% |
| Operating profit | $7.3M | -30% | +4% |
| Net earnings | $8.5M | -54% | +82% |
| Operating cash flow | −$24.4M | -162% | -836% |
What changed
Revenue was $155.1M in Q1 2026, up 2% year over year and down 11% from the previous quarter. Energy was the largest line at 82% of revenue. Energy added $1.7M year over year (up 1%), 63% of the total change.
Gross margin was 40.7%, up 2.9 points from Q1 2025. Operating profit was $7.3M, a 4.7% margin (up 0.1 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, above the 5% margin then. Operating expenses grew 10% against revenue growth of 2%. Net earnings were $8.5M, up 82% year over year. The effective tax rate was -17.6%.
Operating cash flow was −$24.4M. Non-cash charges added back $5.4M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $42.0M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$26.4M.
Questions
What was Willdan Group's revenue in the first quarter 2026?
Willdan Group (WLDN) reported revenue of $155M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before.
Was Willdan Group profitable in the first quarter 2026?
Operating profit was $7.3M (4.7% of revenue) and net earnings $8.5M.
Source: Willdan Group 10-Q on SEC EDGAR.