Filing Flows › Willdan Group (WLDN) › Q3 2025
Willdan Group (WLDN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Willdan Group (WLDN) reported revenue of $182M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +5% from the quarter before. Operating margin was 8.2%, net earnings $13.7M (7.5% of revenue).
Willdan Group, Q3 2025: revenue $182M (+15% year over year), operating margin 8.2%, net earnings $13.7M, operating cash flow $12.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | +5% | +15% |
| Gross profit | $67.1M | -2% | +30% |
| Operating profit | $14.9M | +26% | +71% |
| Net earnings | $13.7M | -11% | +87% |
| Operating cash flow | $12.2M | -52% | +13% |
| Free cash flow | $9.8M | -58% | +11% |
What changed
Revenue was $182.0M in Q3 2025, up 15% year over year and up 5% from the previous quarter. Energy was the largest line at 85% of revenue. Energy added $20.7M year over year (up 15%), 87% of the total change.
Gross margin was 36.9%, up 4.3 points from a year earlier. Operating profit was $14.9M, a 8.2% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 5% margin then. Operating expenses grew 22% against revenue growth of 15%. Net earnings were $13.7M, up 87% year over year. The effective tax rate was 4.0%.
Operating cash flow was $12.2M (up 13% year over year), 89% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $8.6M. Capital expenditures of $2.4M left free cash flow of $9.8M.
Questions
What was Willdan Group's revenue in the third quarter 2025?
Willdan Group (WLDN) reported revenue of $182M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +5% from the quarter before.
Was Willdan Group profitable in the third quarter 2025?
Operating profit was $14.9M (8.2% of revenue) and net earnings $13.7M.
Source: Willdan Group 10-Q on SEC EDGAR.