← Limbach Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $7.4m $626k — $8.3m $42.1m $14.5m $36.0m $59.8m $44.9m $11.3m
Accounts Receivable — — — — — — $124.4m $97.8m $119.7m $133.2m
Allowance For Doubtful Accounts Receivable — — — — — — ($234k) ($292k) ($387k) ($396k)
Cash And Cash Equivalents — — — — — — $36.0m $59.8m $44.9m $11.3m
Cash Cash Equivalents And Short Term Investments — — — — — — $36.0m $59.8m $44.9m $11.3m
Gross Accounts Receivable — — — — — — $124.7m $98.0m $120.0m $133.6m
Other Current Assets — — — — — — $3.9m $7.6m $8.1m $5.0m
Other Receivables — — — — — — $61.5m $51.7m $47.5m $45.5m
Prepaid Assets — — — — — — $12k $12k $5k $5k
Taxes Receivable — — — — — $114k $95k $0 — —
Cash and cash equivalents $7.4m $626k $1.6m $8.3m $42.1m $14.5m $36.0m $59.8m $44.9m $11.3m
Accounts receivable (net of allowance for credit losses of $396 and $387, respectively) $114.0m $129.3m $135.7m $105.1m $85.8m $89.3m $124.4m $97.8m $119.7m $133.2m
Other current assets $1.7m $3.2m $34.9m $4.7m $4.3m $5.0m $3.9m $7.6m $8.1m $5.0m
Assets, Current $155.2m $166.3m $205.0m $195.4m $199.4m $192.9m $226.0m $217.0m $220.3m $195.0m
Total current assets $155.2m $166.3m $205.0m $195.4m $199.4m $192.9m $226.0m $217.0m $220.3m $195.0m
Property, Plant and Equipment, Net $18.5m $17.9m $20.5m $21.3m $19.7m $21.6m $18.2m $20.8m $30.1m $43.3m
Goodwill $10.5m $10.5m $10.5m $6.1m $6.1m $11.4m $11.4m $16.4m $33.0m $70.6m
Intangible Assets, Net (Excluding Goodwill) $17.8m $14.2m $13.0m $12.3m $11.7m $16.9m $15.3m $25.0m $41.2m $49.2m
Goodwill And Other Intangible Assets — — — — — — $26.7m $41.4m $74.3m $119.8m
Other Intangible Assets — — — — — — $15.3m $25.0m $41.2m $49.2m
Intangible assets, net $17.8m $14.2m $13.0m $12.3m $11.7m $16.9m $15.3m $25.0m $41.2m $49.2m
Operating Lease, Right-of-Use Asset — — $0 $21.1m $18.8m $20.1m $18.3m $19.7m $21.5m $19.8m
Other Assets, Noncurrent $588k $465k $271k $668k $392k $259k $515k $330k $337k $276k
Operating lease right-of-use assets — — $0 $21.1m $18.8m $20.1m $18.3m $19.7m $21.5m $19.8m
Other assets $588k $465k $271k $668k $392k $259k $515k $330k $337k $276k
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $114.0m $129.3m $135.7m $105.1m $85.8m $89.3m $124.4m $97.8m $119.7m $133.2m
Accrued Liabilities, Current $26.0m $30.9m $53.8m $20.0m $24.7m $24.4m $24.9m $31.0m $36.8m $29.4m
Accumulated Depreciation — — — — — — ($41.7m) ($47.0m) ($52.0m) ($57.2m)
Buildings And Improvements — — — — — — $10.5m $11.0m $11.4m $15.0m
Capital Lease Obligations — — — — — — $19.2m $32.4m $39.1m $46.2m
Current Accrued Expenses — — — — — — $15.3m $18.7m $22.5m $20.0m
Current Capital Lease Obligation — — — — — — $3.6m $6.3m $7.4m $9.4m
Current Debt — — — — — $9.9m $9.6m — — —
Current Debt And Capital Lease Obligation — — — — — — $13.1m $6.3m $7.4m $9.4m
Current Deferred Liabilities — — — — — — $44.0m $42.2m $44.5m $20.9m
Gross PPE — — — — — — $78.2m $87.5m $103.7m $120.3m
Income Tax Payable — — — — — — $1.9m $446k $1.5m $1.2m
Invested Capital — — — — — — $126.5m $130.5m $163.1m $205.3m
Land And Improvements — — — — — — $400k $400k $400k $1.5m
Long Term Capital Lease Obligation — — — — — — $15.6m $26.1m $31.7m $36.8m
Machinery Furniture Equipment — — — — — — $36.9m $42.8m $56.2m $66.0m
Net PPE — — — — — — $36.5m $40.6m $51.7m $63.1m
Net Tangible Assets — — — — — — $68.7m $79.5m $79.2m $75.9m
Non Current Deferred Assets — — — — — — $4.8m $5.2m $5.5m $2.9m
Non Current Deferred Taxes Assets — — — — — — $4.8m $5.2m $5.5m $2.9m
Ordinary Shares Number — — — — — — $10.3m $11.0m $11.3m $11.6m
Other Current Borrowings — — — — — $9.9m $9.6m — — —
Other Non Current Assets — — — — — — $515k $330k $337k $276k
Other Non Current Liabilities — — — — — — $2.9m $2.7m $6.3m $3.9m
Other Properties — — — — — — $30.5m $33.3m $35.6m $37.7m
Properties — — — — — — $0 $0 $0 $0
Restricted Cash — — — — — — $113k $65k $65k $65k
Share Issued — — — — — — $10.5m $11.2m $11.5m $11.8m
Tangible Book Value — — — — — — $68.7m $79.5m $79.2m $75.9m
Treasury Shares Number — — — — — — $180k $180k $180k $180k
Working Capital — — — — — — $66.9m $71.9m $69.3m $60.0m
Restricted cash $113k $113k $113k $113k $113k $113k $113k $65k $65k $65k
Contract assets, net — — $0 $77.2m $67.1m $83.9m $61.5m $51.7m $47.5m $45.5m
Advances to and equity in joint ventures, net $10k $11k $12k $8k $10k $12k $12k $12k $5k $5k
Deferred tax asset $4.3m $3.7m $4.4m $4.8m $6.1m $4.3m $4.8m $5.2m $5.5m $2.9m
Current operating lease liabilities — — $0 $3.8m $3.9m $4.4m $3.6m $3.6m $4.1m $4.4m
Contract liabilities, net — — $0 $42.4m $46.6m $26.7m $44.0m $42.2m $44.5m $20.9m
Accrued expenses and other current liabilities $26.0m $30.9m $53.8m $20.0m $24.7m $24.4m $24.9m $31.0m $36.8m $29.4m
Long-term operating lease liabilities — — $0 $18.2m $15.5m $16.6m $15.6m $16.0m $17.8m $15.9m
Total Capitalization — — — — — — $117.0m $130.5m $163.1m $205.3m
Total Debt — — — — — — $50.3m $42.0m $48.7m $55.9m
Total Non Current Assets — — — — — — $68.6m $87.4m $131.8m $186.1m
Total Tax Payable — — — — — — $1.9m $446k $1.5m $1.2m
Total stockholders’ equity $47.4m $48.2m $46.4m $46.9m $53.7m $87.8m $95.4m $120.9m $153.5m $195.7m
Assets $206.9m $213.0m $253.6m $261.6m $262.2m $267.5m $294.6m $304.4m $352.1m $381.1m
Total Assets $206.9m $213.0m $253.6m $261.6m $262.2m $267.5m $294.6m $304.4m $352.1m $381.1m
Total assets $206.9m $213.0m $253.6m $261.6m $262.2m $267.5m $294.6m $304.4m $352.1m $381.1m
LIABILITIES AND EQUITY
Total liabilities and stockholders’ equity $206.9m $213.0m $253.6m $261.6m $262.2m $267.5m $294.6m $304.4m $352.1m $381.1m
Current liabilities:
Operating Lease, Liability, Current — — $0 $3.8m $3.9m $4.4m $3.6m $3.6m $4.1m $4.4m
Accounts Payable, Current $57.0m $67.4m $74.4m $86.3m $66.8m $63.8m $75.1m $65.3m $60.8m $74.2m
Operating Lease, Liability, Noncurrent — — — $18.2m $15.5m $16.6m $15.6m $16.0m $17.8m $15.9m
Long-term Debt, Current Maturities $4.5m $6.4m $3.1m $4.4m $6.5m $9.9m $9.6m $2.7m $3.3m $5.0m
Long-term Debt, Excluding Current Maturities $21.5m $20.6m $23.6m $38.9m $36.5m $29.8m $21.5m $19.6m $23.6m $30.5m
Current Deferred Revenue — — — — — — $44.0m $42.2m $44.5m $20.9m
Payables And Accrued Expenses — — — — — — $92.3m $84.4m $84.7m $95.3m
Current portion of long-term debt $4.5m $6.4m $3.1m $4.4m $6.5m $9.9m $9.6m $2.7m $3.3m $5.0m
Accounts payable, including retainage $57.0m $67.4m $74.4m $86.3m $66.8m $63.8m $75.1m $65.3m $60.8m $74.2m
Accrued income taxes $0 $2.2m $0 $12k $1.7m $501k $1.9m $446k $1.5m $1.2m
Liabilities, Current $126.7m $135.5m $182.1m $156.9m $150.3m $129.7m $159.1m $145.1m $151.0m $135.1m
Total current liabilities $126.7m $135.5m $182.1m $156.9m $150.3m $129.7m $159.1m $145.1m $151.0m $135.1m
Other Liabilities, Noncurrent $817k $861k $1.5m $763k $6.2m $3.5m $2.9m $2.7m $6.3m $3.9m
Long Term Debt And Capital Lease Obligation — — — — — — $37.2m $35.7m $41.3m $46.5m
Pensionand Other Post Retirement Benefit Plans Current — — — — — — $9.7m $12.3m $14.4m $9.4m
Other long-term liabilities $817k $861k $1.5m $763k $6.2m $3.5m $2.9m $2.7m $6.3m $3.9m
Liabilities $149.1m $156.9m $207.3m $214.7m $208.4m $179.7m $199.1m $183.5m $198.6m $185.5m
Total Liabilities Net Minority Interest $149.1m $156.9m $207.3m $214.7m $208.4m $179.7m $199.1m $183.5m $198.6m $185.5m
Total liabilities $149.1m $156.9m $207.3m $214.7m $208.4m $179.7m $199.1m $183.5m $198.6m $185.5m
Stockholders’ equity:
Common Stock, Value, Issued $1k $1k $1k $1k $1k $1k $1k $1k $1k $1k
Additional Paid in Capital $55.2m $54.7m $54.8m $56.6m $57.6m $85.0m $87.8m $92.5m $94.2m $97.3m
Retained Earnings (Accumulated Deficit) ($7.7m) ($6.6m) ($8.4m) ($9.7m) ($3.9m) $2.8m $9.6m $30.4m $61.3m $100.3m
Common Stock Equity — — — — — — $95.4m $120.9m $153.5m $195.7m
Capital Stock — — — — — — $1k $1k $1k $1k
Preferred Stock — — — — — — $0 $0 $0 $0
Treasury Stock — — — — — — $2.0m $2.0m $2.0m $2.0m
Redeemable convertible preferred stock, net, par value $0.0001, 1,000,000 shares authorized, no shares issued and outstanding ($0 redemption value) 10.4m 8.0m 0 0 0 0 0 0 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized, issued 11,806,466 and 11,452,753, respectively; 11,626,814 and 11,273,101 outstanding, respectively 1k 1k 1k 1k 1k 1k 1k 1k 1k 1k
Treasury stock, at cost (179,652 shares at both period ends) — — — — — $0 ($2.0m) ($2.0m) ($2.0m) ($2.0m)
Stockholders' Equity Attributable to Parent $47.4m $48.2m $46.4m $46.9m $53.7m $87.8m $95.4m $120.9m $153.5m $195.7m
Total Equity Gross Minority Interest — — — — — — $95.4m $120.9m $153.5m $195.7m
Total Non Current Liabilities Net Minority Interest — — — — — — $40.0m $38.4m $47.6m $50.4m
Liabilities and Equity $206.9m $213.0m $253.6m $261.6m $262.2m $267.5m $294.6m $304.4m $352.1m $381.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.