Filing Flows › Willdan Group (WLDN) › Q2 2025
Willdan Group (WLDN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Willdan Group (WLDN) reported revenue of $173M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +14% from the quarter before. Operating margin was 6.8%, net earnings $15.4M (8.9% of revenue).
Willdan Group, Q2 2025: revenue $173M (+23% year over year), operating margin 6.8%, net earnings $15.4M, operating cash flow $25.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $173M | +14% | +23% |
| Gross profit | $68.3M | +18% | +40% |
| Operating profit | $11.8M | +68% | +83% |
| Net earnings | $15.4M | +229% | +236% |
| Operating cash flow | $25.4M | +668% | 29× |
| Free cash flow | $23.2M | 23× | — |
What changed
Revenue was $173.5M in Q2 2025, up 23% year over year and up 14% from the previous quarter. Energy was the largest line at 85% of revenue. Energy added $28.9M year over year (up 25%), 89% of the total change.
Gross margin was 39.4%, up 4.8 points from a year earlier. Operating profit was $11.8M, a 6.8% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 5% margin then. Operating expenses grew 33% against revenue growth of 23%. Net earnings were $15.4M, up 236% year over year. The effective tax rate was -51.6%.
Operating cash flow was $25.4M (up 2759% year over year), 165% of net earnings. Non-cash charges added back $5.5M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $2.2M left free cash flow of $23.2M.
Questions
What was Willdan Group's revenue in the second quarter 2025?
Willdan Group (WLDN) reported revenue of $173M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +14% from the quarter before.
Was Willdan Group profitable in the second quarter 2025?
Operating profit was $11.8M (6.8% of revenue) and net earnings $15.4M.
Source: Willdan Group 10-Q on SEC EDGAR.