What is Shimmick's operating income?

Shimmick's total operating income in 2025 was -$119.33 million, based on the following breakdown: Total Gross Profit: -$55.65 million Total Operating Expenses: $58.95 million

Shimmick (SHIM) Financials

$3.74 -0.11 (-2.73%)

As of 03:47 PM Eastern

Compare

Annual Income Statements for Shimmick

This table shows Shimmick's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2025
Period end date	12/30/2022	12/29/2023	1/3/2025
Net Income / (Loss) Attributable to Common Shareholders	3.76	-2.55	-125
Consolidated Net Income / (Loss)	2.91	-2.29	-125
Net Income / (Loss) Continuing Operations	2.91	-2.29	-125
Total Pre-Tax Income	4.18	-2.29	-126
Total Operating Income	-40	-9.92	-119
Total Gross Profit	24	22	-56
Total Revenue	664	633	480
Operating Revenue	664	633	480
Total Cost of Revenue	641	610	536
Operating Cost of Revenue	641	610	536
Total Operating Expenses	63	32	59
Selling, General & Admin Expense	60	64	64
Impairment Charge	-	0.00	16
Other Special Charges / (Income)	0.00	-32	-21
Total Other Income / (Expense), net	44	7.63	-11
Interest Expense	-	2.28	5.43
Interest & Investment Income	52	10	-4.73
Other Income / (Expense), net	-8.73	-0.44	-0.96
Income Tax Expense	1.27	0.00	-0.96
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.85	0.26	0.00
Basic Earnings per Share	$0.17	($0.11)	($4.10)
Weighted Average Basic Shares Outstanding	-	25.58M	36.09M
Diluted Earnings per Share	$0.17	($0.11)	($4.10)
Weighted Average Diluted Shares Outstanding	-	25.58M	36.09M
Weighted Average Basic & Diluted Shares Outstanding	-	25.58M	36.09M

This table shows Shimmick's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	4/4/2025	4/3/2026	7/4/2025	10/3/2025
Net Income / (Loss) Attributable to Common Shareholders	35	-17	-33	-51	-1.56	-9.77	-4.55	-8.53	-4.40
Consolidated Net Income / (Loss)	35	-17	-33	-51	-1.56	-9.77	-4.43	-8.37	-4.40
Net Income / (Loss) Continuing Operations	35	-17	-33	-51	-1.56	-9.77	-4.43	-8.37	-4.40
Total Pre-Tax Income	35	-17	-33	-51	-1.56	-9.77	-4.43	-8.37	-4.40
Total Operating Income	36	-19	-32	-48	0.39	-8.88	-3.38	-7.10	-3.18
Total Gross Profit	17	-0.41	-16	-31	12	4.70	11	8.13	11
Total Revenue	175	138	120	91	166	122	88	128	142
Operating Revenue	175	138	120	91	166	122	88	128	142
Total Cost of Revenue	158	138	136	122	154	117	77	120	131
Operating Cost of Revenue	158	138	136	122	154	117	77	120	131
Total Operating Expenses	-16	16	16	15	12	14	14	15	14
Selling, General & Admin Expense	14	18	16	19	13	14	14	15	14
Other Special Charges / (Income)	-30	-0.09	0.03	-3.71	-17	-0.07	0.02	-0.00	-0.01
Total Other Income / (Expense), net	1.77	-0.87	-1.28	-5.25	-1.96	-0.16	-1.05	-1.46	-0.90
Interest Expense	0.41	-	0.90	1.50	1.98	1.00	2.18	1.31	1.43
Interest & Investment Income	2.58	0.78	0.26	-1.85	0.81	0.73	1.06	-0.19	0.31
Other Income / (Expense), net	-0.39	-0.36	-0.65	-1.90	-0.79	0.11	0.07	0.04	0.22
Income Tax Expense	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.26	0.00	-0.00	0.00	0.00	0.00	0.13	0.16	0.00
Basic Earnings per Share	$1.58	($0.79)	($1.30)	($1.83)	($0.05)	($0.28)	($0.13)	($0.25)	($0.12)
Weighted Average Basic Shares Outstanding	25.49M	25.58M	25.72M	33.59M	33.80M	34.42M	36.70M	35.27M	35.82M
Diluted Earnings per Share	$1.58	($0.79)	($1.30)	($1.83)	($0.05)	($0.28)	($0.13)	($0.25)	($0.12)
Weighted Average Diluted Shares Outstanding	25.49M	25.58M	25.72M	33.59M	33.80M	34.42M	36.70M	35.27M	35.82M
Weighted Average Basic & Diluted Shares Outstanding	25.49M	25.58M	25.72M	33.59M	33.80M	34.42M	36.70M	35.27M	35.82M

This table details how cash moves in and out of Shimmick's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2025
Period end date	12/30/2022	12/29/2023	1/3/2025
Net Change in Cash & Equivalents	-39	-48	-48
Net Cash From Operating Activities	-3.08	-88	-21
Net Cash From Continuing Operating Activities	-10	-88	-32
Net Income / (Loss) Continuing Operations	2.91	-2.29	-125
Consolidated Net Income / (Loss)	2.91	-2.29	-125
Depreciation Expense	16	17	15
Non-Cash Adjustments To Reconcile Net Income	-28	-35	99
Changes in Operating Assets and Liabilities, net	-1.25	-68	-21
Net Cash From Investing Activities	4.20	22	15
Net Cash From Continuing Investing Activities	-28	22	15
Purchase of Property, Plant & Equipment	-10	-7.04	-10
Acquisitions	-20	-23	-6.46
Divestitures	1.72	36	32
Sale and/or Maturity of Investments	0.63	16	0.20
Net Cash From Financing Activities	-0.93	48	-22
Net Cash From Continuing Financing Activities	-0.93	18	-31
Repayment of Debt	0.00	-1.10	-31

This table details how cash moves in and out of Shimmick's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q1 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	4/4/2025	4/3/2026	10/3/2025
Net Change in Cash & Equivalents	16	4.56	-36	-45	20	-39	-8.35	-24
Net Cash From Operating Activities	-4.10	-23	-35	-44	13	-38	-7.53	-24
Net Cash From Continuing Operating Activities	-4.10	-24	-35	-44	2.24	-38	-7.53	-24
Net Income / (Loss) Continuing Operations	35	-17	-33	-51	-1.56	-9.77	-4.43	-4.40
Consolidated Net Income / (Loss)	35	-17	-33	-51	-1.56	-9.77	-4.43	-4.40
Depreciation Expense	4.64	3.94	4.41	3.79	3.45	3.46	2.86	3.13
Non-Cash Adjustments To Reconcile Net Income	-30	0.75	-7.15	17	-26	-14	5.04	-28
Changes in Operating Assets and Liabilities, net	-14	-11	1.09	-13	27	-18	-11	5.60
Net Cash From Investing Activities	0.51	8.90	-7.40	7.38	18	-0.44	-0.60	-0.11
Net Cash From Continuing Investing Activities	21	8.90	-7.40	7.38	18	-0.44	-0.60	-0.11
Purchase of Property, Plant & Equipment	-2.93	-0.90	-4.62	-2.98	-2.37	-0.55	-0.60	-4.97
Divestitures	30	0.99	0.20	11	21	0.11	0.00	4.75
Sale and/or Maturity of Investments	-0.31	12	0.00	-	0.20	-	-	0.11
Net Cash From Financing Activities	3.65	15	6.72	31	-27	22	2.88	20
Net Cash From Continuing Financing Activities	-0.07	19	6.72	-8.41	-0.23	-0.84	-0.22	-0.16
Repayment of Debt	-0.07	-0.08	4.88	-6.57	-0.23	-0.84	-0.09	-0.16

This table presents Shimmick's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2025
Period end date	12/30/2022	12/29/2023	1/2/2026
Total Assets	447	427	219
Total Current Assets	233	257	175
Cash & Equivalents	78	63	20
Restricted Cash	4.32	0.97	1.89
Note & Lease Receivable	56	54	30
Prepaid Expenses	14	13	13
Other Current Assets	81	126	110
Plant, Property, & Equipment, net	55	46	11
Total Noncurrent Assets	158	123	33
Long-Term Investments	17	21	12
Goodwill	12	9.24	4.09
Other Noncurrent Operating Assets	110	75	17
Total Liabilities & Shareholders' Equity	447	427	219
Total Liabilities	395	356	275
Total Current Liabilities	341	271	196
Short-Term Debt	-	-	4.14
Accounts Payable	68	82	70
Accrued Expenses	61	34	34
Current Employee Benefit Liabilities	36	27	0.00
Other Current Liabilities	176	129	88
Total Noncurrent Liabilities	54	85	79
Long-Term Debt	0.00	30	60
Noncurrent Deferred & Payable Income Tax Liabilities	19	17	0.00
Other Noncurrent Operating Liabilities	35	38	19
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	52	70	-57
Total Preferred & Common Equity	53	71	-57
Total Common Equity	53	71	-57
Common Stock	3.56	25	47
Retained Earnings	49	47	-104
Noncontrolling Interest	-1.05	-0.75	0.00

This table presents Shimmick's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	3/29/2024	6/28/2024	9/27/2024	4/4/2025	4/3/2026	7/4/2025	10/3/2025
Total Assets	457	378	345	347	228	202	203	218
Total Current Assets	271	226	209	221	136	159	140	162
Cash & Equivalents	62	27	22	26	16	15	21	18
Restricted Cash	1.29	0.91	0.50	0.61	2.78	1.65	1.27	1.33
Note & Lease Receivable	68	50	49	54	46	24	47	42
Prepaid Expenses	16	12	18	14	11	13	13	14
Other Current Assets	123	136	120	128	60	106	58	88
Plant, Property, & Equipment, net	50	47	36	21	17	9.04	15	12
Total Noncurrent Assets	136	105	100	104	75	34	48	44
Long-Term Investments	27	24	22	20	19	13	14	13
Goodwill	9.89	8.60	7.96	7.31	6.02	3.45	5.38	4.74
Other Noncurrent Operating Assets	81	73	69	77	50	17	29	26
Total Liabilities & Shareholders' Equity	457	378	345	347	228	202	203	218
Total Liabilities	389	340	344	346	270	263	252	271
Total Current Liabilities	297	270	266	278	210	178	195	195
Short-Term Debt	-	-	15	-	-	2.71	3.81	3.45
Accounts Payable	92	78	57	69	52	65	57	72
Accrued Expenses	39	33	39	63	32	40	40	36
Current Employee Benefit Liabilities	34	30	29	29	29	0.00	29	27
Other Current Liabilities	133	128	126	117	97	70	65	56
Total Noncurrent Liabilities	92	70	78	68	60	85	58	76
Long-Term Debt	33	31	53	40	31	66	33	54
Noncurrent Deferred & Payable Income Tax Liabilities	19	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	39	39	25	28	28	19	25	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	68	38	0.44	0.97	-43	-60	-49	-53
Total Preferred & Common Equity	69	39	1.36	1.13	-42	-60	-49	-53
Total Common Equity	69	39	1.36	1.13	-42	-60	-49	-53
Common Stock	5.12	26	40	41	45	48	47	48
Retained Earnings	64	13	-38	-40	-88	-108	-97	-101
Noncontrolling Interest	-0.75	-0.92	-0.92	-0.16	-0.16	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Shimmick's official financial filings.

Metric	2022	2023	2025
Period end date	12/30/2022	12/29/2023	1/2/2026
DEI Shares Outstanding	0.00	25,493,877.00	35,815,479.00
DEI Adjusted Shares Outstanding	0.00	25,493,877.00	35,815,479.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.10	-0.71
Growth Metrics	-	-	-
Revenue Growth	0.00%	-4.72%	0.00%
EBITDA Growth	0.00%	120.94%	0.00%
EBIT Growth	0.00%	78.55%	0.00%
NOPAT Growth	0.00%	74.76%	0.00%
Net Income Growth	0.00%	-178.64%	0.00%
EPS Growth	0.00%	-164.71%	0.00%
Operating Cash Flow Growth	0.00%	-2,756.68%	0.00%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	131.19%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	-40.53%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-
Gross Margin	3.54%	3.54%	6.82%
EBITDA Margin	-4.87%	1.07%	-1.17%
Operating Margin	-5.96%	-1.57%	-3.94%
EBIT Margin	-7.27%	-1.64%	-3.81%
Profit (Net Income) Margin	0.44%	-0.36%	-5.16%
Tax Burden Percent	69.53%	100.00%	100.00%
Interest Burden Percent	-8.66%	22.07%	135.49%
Effective Tax Rate	30.47%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	5.63%	-3.74%	44.89%
Cash Return on Invested Capital (CROIC)	0.00%	-467.17%	0.00%
Operating Return on Assets (OROA)	-10.81%	-2.37%	-8.58%
Return on Assets (ROA)	0.65%	-0.52%	-11.62%
Return on Common Equity (ROCE)	5.75%	-3.80%	44.89%
Return on Equity Simple (ROE_SIMPLE)	5.52%	-3.21%	0.00%
Net Operating Profit after Tax (NOPAT)	-28	-6.94	-14
NOPAT Margin	-4.14%	-1.10%	-2.76%
Net Nonoperating Expense Percent (NNEP)	30.58%	6.01%	38.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.94%	-173.69%
Cost of Revenue to Revenue	96.46%	96.46%	93.18%
SG&A Expenses to Revenue	9.10%	10.13%	11.07%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.50%	5.10%	11.06%
Earnings before Interest and Taxes (EBIT)	-48	-10	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-32	6.77	-5.77
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.48	2.36	0.00
Price to Tangible Book Value (P/TBV)	0.62	2.71	0.00
Price to Revenue (P/Rev)	0.04	0.27	0.22
Price to Earnings (P/E)	6.66	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	15.03%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.50	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.18	0.28
Enterprise Value to EBITDA (EV/EBITDA)	0.00	16.55	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.42	-1.14
Long-Term Debt to Equity	0.00	0.42	-1.06
Financial Leverage	-1.93	-1.27	-0.54
Leverage Ratio	8.66	7.15	-3.86
Compound Leverage Factor	-0.75	1.58	-5.23
Debt to Total Capital	0.00%	29.59%	824.39%
Short-Term Debt to Total Capital	0.00%	0.00%	52.99%
Long-Term Debt to Total Capital	0.00%	29.59%	771.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-2.03%	-0.75%	0.00%
Common Equity to Total Capital	102.03%	71.15%	-724.39%
Debt to EBITDA	0.00	4.38	-11.18
Net Debt to EBITDA	0.00	-8.21	-5.33
Long-Term Debt to EBITDA	0.00	4.38	-10.46
Debt to NOPAT	0.00	-4.27	-4.75
Net Debt to NOPAT	0.00	8.00	-2.26
Long-Term Debt to NOPAT	0.00	-4.27	-4.44
Altman Z-Score	1.03	1.80	1.43
Noncontrolling Interest Sharing Ratio	-2.03%	-1.47%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.68	0.95	0.89
Quick Ratio	0.39	0.43	0.26
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-70	0.00
Operating Cash Flow to CapEx	-29.53%	-1,251.07%	-1,022.04%
Free Cash Flow to Firm to Interest Expense	0.00	-30.53	0.00
Operating Cash Flow to Interest Expense	0.00	-38.57	-9.78
Operating Cash Flow Less CapEx to Interest Expense	0.00	-41.66	-10.73
Efficiency Ratios	-	-	-
Asset Turnover	1.49	1.45	2.25
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	12.03	12.46	46.62
Accounts Payable Turnover	9.49	8.19	6.60
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.48	44.59	55.27
Cash Conversion Cycle (CCC)	-38.48	-44.59	-55.27
Capital & Investment Metrics	-	-	-
Invested Capital	-48	15	-26
Invested Capital Turnover	-13.88	-38.43	-19.02
Increase / (Decrease) in Invested Capital	0.00	63	0.00
Enterprise Value (EV)	-75	112	140
Market Capitalization	25	168	109
Book Value per Share	$14.73	$2.79	($1.58)
Tangible Book Value per Share	$11.36	$2.43	($1.70)
Total Capital	52	100	7.82
Total Debt	0.00	30	64
Total Long-Term Debt	0.00	30	60
Net Debt	-99	-56	31
Capital Expenditures (CapEx)	10	7.04	6.37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-190	-78	-38
Debt-free Net Working Capital (DFNWC)	-107	-14	-17
Net Working Capital (NWC)	-107	-14	-21
Net Nonoperating Expense (NNE)	-30	-4.66	12
Net Nonoperating Obligations (NNO)	-99	-56	31
Total Depreciation and Amortization (D&A)	16	17	13
Debt-free, Cash-free Net Working Capital to Revenue	-28.54%	-12.28%	-7.80%
Debt-free Net Working Capital to Revenue	-16.18%	-2.18%	-3.37%
Net Working Capital to Revenue	-16.18%	-2.18%	-4.21%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.11)	($0.74)
Adjusted Weighted Average Basic Shares Outstanding	0.00	25.58M	36.09M
Adjusted Diluted Earnings per Share	$0.00	($0.11)	($0.74)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	25.58M	36.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	25.58M	36.09M
Normalized Net Operating Profit after Tax (NOPAT)	-28	-29	-14
Normalized NOPAT Margin	-4.14%	-4.62%	-2.77%
Pre Tax Income Margin	0.63%	-0.36%	-5.16%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	-4.53	-2.82
NOPAT to Interest Expense	0.00	-3.04	-2.04
EBIT Less CapEx to Interest Expense	0.00	-7.62	-3.77
NOPAT Less CapEx to Interest Expense	0.00	-6.12	-3.00
Payout Ratios	-	-	-
Dividend Payout Ratio	21.60%	0.00%	0.00%
Augmented Payout Ratio	21.60%	-260.76%	0.00%

This table displays calculated financial ratios and metrics derived from Shimmick's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	4/4/2025	4/3/2026	7/4/2025	10/3/2025
DEI Shares Outstanding	0.00	25,493,877.00	25,575,344.00	25,723,242.00	33,589,035.00	34,361,459.00	36,091,730.00	34,421,770.00	35,273,591.00
DEI Adjusted Shares Outstanding	0.00	25,493,877.00	25,575,344.00	25,723,242.00	33,589,035.00	34,361,459.00	36,091,730.00	34,421,770.00	35,273,591.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.69	-1.30	-2.00	-0.05	-0.28	-0.13	-0.25	-0.12
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.84%	0.00%	-26.85%	-41.62%	-5.37%	1.72%	-27.91%	0.00%	0.00%
EBITDA Growth	3,785.77%	0.00%	-442.32%	-257.81%	-92.36%	81.05%	91.43%	0.00%	0.00%
EBIT Growth	2,125.46%	0.00%	-247.55%	-188.92%	-101.13%	72.96%	62.25%	0.00%	0.00%
NOPAT Growth	1,574.39%	0.00%	-253.43%	-167.85%	-99.23%	72.07%	61.97%	0.00%	0.00%
Net Income Growth	94.98%	0.00%	-257.16%	-398.39%	-104.49%	70.69%	54.70%	0.00%	0.00%
EPS Growth	92.68%	0.00%	-202.33%	-289.36%	-103.16%	78.46%	53.57%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	-1,218.12%	-33.80%	-27.05%	408.60%	-9.13%	80.27%	0.00%	0.00%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-26.93%	251.29%	-149.75%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	-148.43%	-377.43%	56.53%	0.00%	0.00%
Revenue Q/Q Growth	13.05%	-21.31%	-13.05%	-24.52%	83.25%	0.00%	0.00%	0.00%	10.53%
EBITDA Q/Q Growth	409.51%	-137.77%	-86.08%	-64.50%	106.61%	0.00%	0.00%	0.00%	102.40%
EBIT Q/Q Growth	304.08%	-153.90%	-70.75%	-53.82%	99.20%	0.00%	0.00%	0.00%	58.00%
NOPAT Q/Q Growth	384.12%	-136.62%	-70.53%	-50.97%	100.82%	0.00%	0.00%	0.00%	55.17%
Net Income Q/Q Growth	437.80%	-150.17%	-90.77%	-54.16%	96.96%	0.00%	0.00%	0.00%	47.45%
EPS Q/Q Growth	436.17%	-150.00%	-64.56%	-40.77%	97.27%	0.00%	0.00%	0.00%	52.00%
Operating Cash Flow Q/Q Growth	88.11%	-468.32%	-50.01%	-25.36%	128.88%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	-100.00%	0.00%	-41.67%	131.04%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	28.30%	18.18%	29.94%	-124.58%	0.00%	0.00%	0.00%	44.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	9.70%	-0.29%	-13.21%	-34.36%	7.34%	3.85%	12.38%	6.33%	7.60%
EBITDA Margin	22.73%	-10.91%	-23.35%	-50.88%	1.84%	-4.35%	-0.52%	-5.49%	0.12%
Operating Margin	20.31%	-13.50%	-26.48%	-52.97%	0.24%	-7.27%	-3.84%	-5.53%	-2.24%
EBIT Margin	20.09%	-13.76%	-27.02%	-55.07%	-0.24%	-7.18%	-3.76%	-5.49%	-2.09%
Profit (Net Income) Margin	19.85%	-12.66%	-27.77%	-56.72%	-0.94%	-8.00%	-5.03%	-6.52%	-3.10%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	98.83%	91.98%	102.77%	103.00%	391.98%	111.40%	133.68%	118.62%	148.41%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-400.78%	-1,237.64%	-1,696.08%	28.36%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-392.82%	-1,129.44%	-1,854.37%	34.16%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	309.65%	606.85%	-95,619.29%	-31.21%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-91.13%	-630.79%	-97,315.38%	-2.85%	0.00%	231.57%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	-467.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-19.94%	-42.09%	-83.78%	-0.31%	0.00%	-7.81%	0.00%	0.00%
Return on Assets (ROA)	0.00%	-18.34%	-43.25%	-86.29%	-1.21%	0.00%	-10.43%	0.00%	0.00%
Return on Common Equity (ROCE)	0.00%	-92.47%	-646.03%	-302,882.96%	-2.89%	0.00%	231.21%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-67.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	36	-13	-22	-34	0.27	-6.22	-2.36	-4.97	-2.23
NOPAT Margin	20.31%	-9.45%	-18.54%	-37.08%	0.17%	-5.09%	-2.69%	-3.87%	-1.57%
Net Nonoperating Expense Percent (NNEP)	-2.84%	-7.96%	-108.20%	158.29%	-5.80%	-26.55%	12.52%	-1,197.01%	8.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-13.03%	-31.97%	-49.41%	0.67%	55.29%	-28.85%	37.94%	-46.01%
Cost of Revenue to Revenue	90.30%	100.29%	113.21%	134.36%	92.66%	96.15%	87.62%	93.67%	92.40%
SG&A Expenses to Revenue	7.99%	12.75%	13.47%	20.66%	7.82%	11.77%	16.19%	11.71%	10.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	-9.15%	11.73%	13.49%	16.57%	7.11%	11.71%	16.22%	11.71%	10.06%
Earnings before Interest and Taxes (EBIT)	35	-19	-32	-50	-0.40	-8.77	-3.31	-7.05	-2.96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	-15	-28	-46	3.05	-5.31	-0.46	-7.05	0.17
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.36	2.36	3.77	29.38	74.48	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.42	2.71	4.84	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.27	0.25	0.08	0.16	0.00	0.32	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.50	7.14	2.68	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.18	0.21	0.12	0.15	0.00	0.41	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	16.55	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.59	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.42	0.83	154.96	41.01	-0.74	-1.14	-0.74	-1.09
Long-Term Debt to Equity	0.49	0.42	0.83	121.08	41.01	-0.74	-1.09	-0.66	-1.03
Financial Leverage	-0.83	-0.79	-0.54	51.56	-0.91	5.92	-0.32	0.01	-0.48
Leverage Ratio	6.68	7.15	9.92	790.17	11.59	-133.91	-4.17	-4.10	-4.15
Compound Leverage Factor	6.61	6.58	10.19	813.86	45.43	-149.18	-5.57	-4.87	-6.16
Debt to Total Capital	32.82%	29.59%	45.24%	99.36%	97.62%	-279.27%	838.25%	-277.89%	1,187.93%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	21.73%	0.00%	0.00%	33.03%	-29.12%	71.20%
Long-Term Debt to Total Capital	32.82%	29.59%	45.24%	77.63%	97.62%	-279.27%	805.22%	-248.77%	1,116.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.74%	-0.75%	-1.32%	-1.35%	-0.39%	1.41%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.92%	71.15%	56.08%	2.00%	2.77%	377.85%	-738.25%	377.89%	-1,087.93%
Debt to EBITDA	0.00	4.38	-1.96	-1.37	-0.46	0.00	-0.67	0.00	0.00
Net Debt to EBITDA	0.00	-8.21	1.27	-0.46	0.08	0.00	-0.38	0.00	0.00
Long-Term Debt to EBITDA	0.00	4.38	-1.96	-1.07	-0.46	0.00	-0.64	0.00	0.00
Debt to NOPAT	0.00	-4.27	-1.38	-1.54	-0.58	0.00	-0.86	0.00	0.00
Net Debt to NOPAT	0.00	8.00	0.89	-0.51	0.10	0.00	-0.49	0.00	0.00
Long-Term Debt to NOPAT	0.00	-4.27	-1.38	-1.20	-0.58	0.00	-0.83	0.00	0.00
Altman Z-Score	0.00	1.73	1.44	0.76	1.27	-0.96	1.62	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	-1.47%	-2.42%	-211.24%	-1.31%	23.88%	0.15%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.91	0.95	0.84	0.79	0.80	0.65	0.90	0.72	0.83
Quick Ratio	0.44	0.43	0.29	0.27	0.29	0.30	0.22	0.35	0.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	24	0.00	-40	-57	18	60	-30	0.00	0.00
Operating Cash Flow to CapEx	-140.07%	-2,585.81%	-757.32%	-1,474.29%	534.84%	-7,006.24%	-1,257.60%	0.00%	-477.77%
Free Cash Flow to Firm to Interest Expense	58.26	0.00	-44.47	-37.78	8.87	60.35	-13.80	0.00	0.00
Operating Cash Flow to Interest Expense	-9.96	0.00	-39.01	-29.32	6.41	-38.18	-3.46	0.00	-16.56
Operating Cash Flow Less CapEx to Interest Expense	-17.07	0.00	-44.16	-31.31	5.21	-38.73	-3.74	0.00	-20.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.45	1.56	1.52	1.28	0.00	2.08	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	12.46	12.50	14.50	14.40	0.00	34.47	0.00	0.00
Accounts Payable Turnover	0.00	8.19	7.58	9.72	6.81	0.00	8.43	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	44.59	48.18	37.57	53.59	0.00	43.29	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	-44.59	-48.18	-37.57	-53.59	0.00	-43.29	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	12	15	18	23	-5.63	-49	-21	-50	-27
Invested Capital Turnover	0.00	42.40	66.76	45.74	171.61	0.00	-12.71	0.00	0.00
Increase / (Decrease) in Invested Capital	12	0.00	18	23	-17	-67	28	0.00	0.00
Enterprise Value (EV)	-32	112	126	61	78	39	181	69	125
Market Capitalization	25	168	147	40	84	46	141	69	100
Book Value per Share	$2.71	$2.79	$1.53	$0.05	$0.03	($1.24)	($1.68)	($1.44)	($1.49)
Tangible Book Value per Share	$2.32	$2.43	$1.19	($0.26)	($0.18)	($1.41)	($1.77)	($1.59)	($1.63)
Total Capital	102	100	70	68	41	-11	8.19	-13	4.84
Total Debt	33	30	31	68	40	31	69	36	57
Total Long-Term Debt	33	30	31	53	40	31	66	33	54
Net Debt	-57	-56	-20	22	-6.61	-6.29	39	-0.28	25
Capital Expenditures (CapEx)	2.93	0.90	4.62	2.98	2.37	0.55	0.60	0.00	4.97
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-90	-78	-72	-65	-84	-94	-32	-73	-48
Debt-free Net Working Capital (DFNWC)	-27	-14	-44	-42	-57	-75	-16	-51	-29
Net Working Capital (NWC)	-27	-14	-44	-57	-57	-75	-18	-54	-32
Net Nonoperating Expense (NNE)	0.81	4.42	11	18	1.84	3.55	2.06	3.40	2.17
Net Nonoperating Obligations (NNO)	-57	-56	-20	22	-6.61	-6.29	39	-0.28	25
Total Depreciation and Amortization (D&A)	4.64	3.94	4.41	3.79	3.45	3.46	2.86	0.00	3.13
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-12.28%	-12.28%	-12.45%	-16.23%	0.00%	-7.22%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	0.00%	-2.18%	-7.49%	-8.09%	-11.07%	0.00%	-3.49%	0.00%	0.00%
Net Working Capital to Revenue	0.00%	-2.18%	-7.49%	-10.90%	-11.07%	0.00%	-4.10%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	($0.79)	($1.30)	($1.83)	($0.05)	($0.28)	($0.13)	($0.25)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	25.49M	25.58M	25.72M	33.59M	33.80M	34.42M	36.70M	35.27M	35.82M
Adjusted Diluted Earnings per Share	$1.58	($0.79)	($1.30)	($1.83)	($0.05)	($0.28)	($0.13)	($0.25)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	25.49M	25.58M	25.72M	33.59M	33.80M	34.42M	36.70M	35.27M	35.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.49M	25.58M	25.72M	33.59M	33.80M	34.42M	36.70M	35.27M	35.82M
Normalized Net Operating Profit after Tax (NOPAT)	3.90	-13	-22	-36	-0.56	-6.26	-2.35	-4.97	-2.23
Normalized NOPAT Margin	2.22%	-9.50%	-18.52%	-39.95%	-0.34%	-5.13%	-2.67%	-3.87%	-1.57%
Pre Tax Income Margin	19.85%	-12.66%	-27.77%	-56.72%	-0.94%	-8.00%	-5.03%	-6.52%	-3.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	85.54	0.00	-36.16	-33.35	-0.20	-8.77	-1.52	-5.37	-2.07
NOPAT to Interest Expense	86.50	0.00	-24.81	-22.46	0.14	-6.22	-1.09	-3.78	-1.55
EBIT Less CapEx to Interest Expense	78.43	0.00	-41.31	-35.34	-1.40	-9.32	-1.80	0.00	-5.53
NOPAT Less CapEx to Interest Expense	79.38	0.00	-29.96	-24.45	-1.06	-6.76	-1.36	0.00	-5.02
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-260.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Shimmick’s latest quarter shows a business that is still growing revenue, but not yet generating profit or operating cash flow. In Q3 2026, revenue rose to $141.9 million from $128.4 million in Q2 2026, but the company still posted a net loss of $4.4 million and negative operating cash flow of $23.7 million. That suggests the top line is improving, but profitability and cash conversion remain weak.

Revenue improved quarter over quarter. Q3 2026 revenue increased to $141.9 million from $128.4 million in Q2, showing continued demand and project activity.
Gross profit held at a positive level. Gross profit was $10.8 million in Q3 2026, indicating the company is still earning above direct project costs before overhead.
Operating losses narrowed versus prior periods. Q3 2026 operating loss was $3.2 million, better than the $7.1 million loss in Q2 2026 and much improved from much larger losses seen in 2024.
Long-term debt declined versus Q1 2026. Long-term debt fell to $54.1 million in Q3 2026 from $65.0 million in Q1 2026, which could reduce financial pressure if the trend continues.
Cash generation from financing was positive in Q3 2026. Net cash from financing activities contributed $20.1 million, which helped offset some of the operating burn.
Balance sheet leverage remains elevated. Total liabilities were $271.1 million against total assets of $218.5 million, leaving shareholders’ equity negative at $52.7 million.
Working capital is still tight. Current liabilities of $194.7 million exceeded current assets of $162.3 million, indicating liquidity remains a concern.
Shares outstanding have increased. Weighted average basic shares rose from 25.7 million in Q1 2024 to 35.8 million in Q3 2026, diluting per-share value.
Depreciation remains a meaningful non-cash expense. Depreciation of $3.1 million in Q3 2026 continues to weigh on reported earnings, although it does not directly affect cash.
The company is still losing money. Q3 2026 net loss was $4.4 million, extending a multi-quarter pattern of losses.
Operating cash flow was deeply negative. Shimmick used $23.7 million in cash from operations in Q3 2026, a sign that earnings are not yet translating into cash.
Cash declined sharply during the quarter. Net cash and equivalents fell by $24.0 million in Q3 2026, from $21.4 million at the end of Q2 to $17.6 million at the end of Q3.
Project margins have weakened versus 2023. In Q3 2023, the company generated $175.4 million of revenue and $34.8 million of net income, while Q3 2026 revenue was lower and the company was still in the red.
The second quarter of 2024 and first quarter of 2025 were especially weak. Those periods showed large losses and heavy operating cash outflows, underscoring how volatile the business has been.

Bottom line: Shimmick appears to be making some progress on revenue and near-term operating losses, but the broader financial picture is still challenged. Investors should watch for sustained gross margin improvement, positive operating cash flow, and a stronger balance sheet before calling the turnaround successful.

07/16/26 03:48 PM ETAI Generated. May Contain Errors.

Shimmick Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Shimmick's financial year ends in January. Their financial year 2025 ended on January 3, 2025.

Shimmick's net income appears to be on an upward trend, with a most recent value of -$124.75 million in 2025, falling from $2.91 million in 2022. The previous period was -$2.29 million in 2023. View Shimmick's forecast to see where analysts expect Shimmick to go next.

Shimmick's total operating income in 2025 was -$119.33 million, based on the following breakdown:

Total Gross Profit: -$55.65 million
Total Operating Expenses: $58.95 million

Over the last 2 years, Shimmick's total revenue changed from $664.16 million in 2022 to $480.24 million in 2025, a change of -27.7%.

Shimmick's total liabilities were at $275.40 million at the end of 2025, a 22.7% decrease from 2023, and a 30.3% decrease since 2022.

In the past 2 years, Shimmick's cash and equivalents has ranged from $19.97 million in 2025 to $77.76 million in 2022, and is currently $19.97 million as of their latest financial filing in 2025.

Over the last 2 years, Shimmick's book value per share changed from 14.73 in 2022 to -1.58 in 2025, a change of -110.7%.

Related Companies

Financial statements for NASDAQ:SHIM last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Shimmick (SHIM) Financials

Financials Breakdown Chart

Key Financial Trends

Shimmick Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Shimmick (SHIM) Financials

Annual Income Statements for Shimmick

Quarterly Income Statements for Shimmick

Annual Cash Flow Statements for Shimmick

Quarterly Cash Flow Statements for Shimmick

Annual Balance Sheets for Shimmick

Quarterly Balance Sheets for Shimmick

Annual Metrics And Ratios for Shimmick

Quarterly Metrics And Ratios for Shimmick

Financials Breakdown Chart

Key Financial Trends

Shimmick Financials - Frequently Asked Questions

When does Shimmick's fiscal year end?

How has Shimmick's net income changed over the last 2 years?

What is Shimmick's operating income?

How has Shimmick's revenue changed over the last 2 years?

How much debt does Shimmick have?

How much cash does Shimmick have?

How has Shimmick's book value per share changed over the last 2 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools