Willdan Group (WLDN) financial statements: income statement, balance sheet and cash flow
Willdan Group's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 2, 2026 · FY), Willdan Group reported net income of $52.6M (+132.9% year on year).
Income statement
Willdan Group income statement, fiscal years
Line item
Jan 2, 2026 · FY
Dec 27, 2024 · FY
Dec 29, 2023 · FY
Dec 30, 2022 · FY
Contract revenue
$681.6M
$565.8M
$510.1M
$429.1M
Salaries and wages
$109.1M
$93.5M
$89.9M
$83.0M
Subcontractor services and other direct costs
$316.8M
$269.5M
$240.4M
$202.6M
Total direct costs of contract revenue
$425.9M
$363.0M
$330.3M
$285.6M
Gross profit
$255.7M
$202.8M
$179.8M
—
Salaries and wages, payroll taxes and employee benefits
$125.7M
$105.4M
$95.6M
$81.8M
Facilities and facility related
$9.7M
$9.7M
$9.6M
$9.3M
Stock-based compensation
$11.8M
$7.4M
$5.3M
$8.4M
Depreciation and amortization
$18.7M
$14.7M
$16.4M
$17.5M
Other
$45.6M
$34.2M
$30.8M
$33.7M
Total general and administrative expenses
$211.5M
$171.4M
$157.7M
$150.6M
Income (Loss) from operations
$44.1M
$31.4M
$22.1M
($7.1M)
Interest expense, net
($5.7M)
($7.8M)
($9.4M)
($5.3M)
Other, net
$1.6M
$3.1M
$1.9M
$939.0K
Total other expense, net
($4.2M)
($4.7M)
($7.5M)
($4.4M)
Income (Loss) before income taxes
$40.0M
$26.7M
$14.6M
($11.5M)
Income tax (benefit) expense
($12.6M)
$4.1M
$3.7M
($3.0M)
Net income (loss)
$52.6M
$22.6M
$10.9M
($8.4M)
Unrealized gain (loss) on derivative contracts, net of tax
$44.0K
$350.0K
($664.0K)
$38.0K
Comprehensive income (loss)
$52.6M
$22.9M
$10.3M
($8.4M)
Basic (in dollars per share)
$3.63
$1.63
$0.82
-$0.65
Diluted (in dollars per share)
$3.49
$1.58
$0.80
-$0.65
Basic (in shares)
14.5M
13.8M
13.4M
13.0M
Diluted (in shares)
15.1M
14.2M
13.6M
13.0M
Willdan Group income statement, quarters
Line item
Jul 3, 2026 · Q2
Apr 3, 2026 · Q1
Oct 3, 2025 · Q3
Jul 4, 2025 · Q2
Contract revenue
$231.0M
$155.1M
$182.0M
$173.5M
Salaries and wages
$29.8M
$29.3M
$27.9M
$26.6M
Subcontractor services and other direct costs
$113.8M
$62.7M
$87.0M
$78.5M
Total direct costs of contract revenue
$143.6M
$92.0M
$114.9M
$105.1M
Gross profit
$87.5M
$63.2M
$67.1M
$68.3M
Salaries and wages, payroll taxes and employee benefits
$40.5M
$33.0M
$31.7M
$32.6M
Facilities and facility related
$2.5M
$2.4M
$2.4M
$2.4M
Stock-based compensation
$4.8M
$3.7M
$3.1M
$3.2M
Depreciation and amortization
$7.0M
$5.4M
$3.9M
$5.5M
Other
$12.9M
$11.4M
$11.1M
$12.9M
Total general and administrative expenses
$67.7M
$55.9M
$52.2M
$56.5M
Income (Loss) from operations
$19.7M
$7.3M
$14.9M
$11.8M
Interest expense, net
($1.1M)
($835.0K)
($902.0K)
($2.2M)
Other, net
$439.0K
$795.0K
$330.0K
$551.0K
Total other expense, net
($647.0K)
($40.0K)
($572.0K)
($1.6M)
Income (Loss) before income taxes
$19.1M
$7.3M
$14.3M
$10.2M
Income tax (benefit) expense
($5.3M)
($1.3M)
$569.0K
($5.3M)
Net income (loss)
$24.3M
$8.5M
$13.7M
$15.4M
Unrealized gain (loss) on derivative contracts, net of tax
$80.0K
$119.0K
($20.0K)
$188.0K
Comprehensive income (loss)
$24.4M
$8.6M
$13.7M
$15.6M
Basic (in dollars per share)
$1.62
$0.58
$0.94
$1.07
Diluted (in dollars per share)
$1.58
$0.55
$0.90
$1.03
Basic (in shares)
15.0M
14.7M
14.6M
14.4M
Diluted (in shares)
15.4M
15.4M
15.2M
14.9M
Balance sheet
Willdan Group balance sheet, fiscal years
Line item
Jan 2, 2026 · FY
Dec 27, 2024 · FY
Dec 29, 2023 · FY
Dec 30, 2022 · FY
Cash and cash equivalents
$65.9M
$74.2M
$23.4M
$8.8M
Accounts receivable, net of allowance for doubtful accounts of $340 and $1,313 at January 2, 2026 and December 27, 2024, respectively
$64.6M
$65.6M
$69.7M
$60.2M
Contract assets
$107.3M
$88.5M
$93.9M
$83.1M
Other receivables
$6.3M
$2.3M
$1.2M
$4.8M
Prepaid expenses and other current assets
$7.5M
$5.0M
$3.9M
$6.5M
Total current assets
$251.7M
$235.5M
$192.0M
$174.0M
Equipment and leasehold improvements, net
$31.5M
$29.5M
$27.1M
$22.5M
Goodwill
$179.5M
$141.0M
$131.1M
$130.1M
Right-of-use assets
$16.6M
$14.0M
$12.5M
$12.4M
Other intangible assets, net
$35.5M
$29.4M
$32.0M
$41.5M
Other assets
$2.8M
$2.0M
$4.9M
$10.6M
Deferred income taxes, net
$26.6M
$13.3M
$16.0M
$18.5M
Total assets
$544.2M
$464.9M
$415.6M
$409.7M
Accounts payable
$45.6M
$33.8M
$33.2M
$28.8M
Accrued liabilities
$82.4M
$62.8M
$54.1M
$59.1M
Contingent consideration payable
$3.7M
$2.5M
—
$4.0M
Contract liabilities
$21.6M
$21.6M
$13.2M
$12.6M
Notes payable
$2.5M
$10.1M
$8.5M
$16.9M
Finance lease obligations
$1.2M
$1.1M
$1.2M
$1.1M
Lease liability
$4.7M
$5.8M
$4.5M
$4.6M
Total current liabilities
$161.8M
$137.7M
$114.7M
$127.2M
Contingent consideration payable, less current portion
$16.7M
$1.7M
—
—
Notes payable, less current portion
$46.0M
$79.3M
$89.0M
$90.5M
Finance lease obligations, less current portion
$1.2M
$1.4M
$1.2M
$1.6M
Lease liability, less current portion
$13.8M
$9.9M
$9.8M
$8.6M
Other noncurrent liabilities
$69.0K
$462.0K
$1.1M
$259.0K
Total liabilities
$239.4M
$230.5M
$215.7M
$228.2M
Common stock, $0.01 par value, 40,000 shares authorized; 14,762 and 14,169 shares issued and outstanding at January 2, 2026 and December 27, 2024, respectively
148.0K
142.0K
137.0K
133.0K
Additional paid-in capital
$215.3M
$197.4M
$185.8M
$177.7M
Accumulated other comprehensive income (loss)
($270.0K)
($314.0K)
($664.0K)
—
Retained earnings
$89.7M
$37.1M
$14.6M
$3.7M
Total stockholders' equity
$304.9M
$234.3M
$199.8M
$181.5M
Total liabilities and stockholders' equity
$544.2M
$464.9M
$415.6M
$409.7M
Willdan Group balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Oct 3, 2025
Jul 4, 2025
Cash and cash equivalents
$34.9M
$28.3M
$33.1M
$32.3M
Restricted cash
$4.3M
$5.3M
$0
$0
Accounts receivable, net of allowance for doubtful accounts of $266 and $340 at July 3, 2026 and January 2, 2026, respectively
$84.3M
$80.8M
$66.7M
$55.4M
Contract assets
$134.4M
$94.8M
$116.5M
$107.1M
Other receivables
$1.7M
$2.9M
$7.3M
$4.6M
Prepaid expenses and other current assets
$10.3M
$8.4M
$5.4M
$6.4M
Total current assets
$269.9M
$220.4M
$229.1M
$205.8M
Equipment and leasehold improvements, net
$29.6M
$31.0M
$31.3M
$30.9M
Goodwill
$212.2M
$179.5M
$177.5M
$182.4M
Right-of-use assets
$18.2M
$17.3M
$14.2M
$11.0M
Other intangible assets, net
$68.9M
$33.1M
$35.6M
$34.1M
Other assets
$1.9M
$2.1M
$2.6M
$2.9M
Deferred income taxes, net
$34.2M
$28.3M
$17.5M
$17.7M
Total assets
$634.9M
$511.7M
$507.9M
$484.9M
Accounts payable
$62.9M
$42.2M
$50.1M
$42.5M
Accrued liabilities
$79.2M
$50.8M
$64.8M
$59.7M
Contingent consideration payable
$15.8M
$9.6M
$8.5M
$8.5M
Contract liabilities
$30.3M
$20.3M
$23.3M
$23.4M
Notes payable
$2.5M
$2.5M
$2.5M
$2.5M
Finance lease obligations
$1.1M
$1.3M
$1.2M
$1.3M
Lease liability
$4.9M
$4.7M
$4.9M
$5.7M
Total current liabilities
$196.7M
$131.5M
$155.3M
$143.5M
Contingent consideration payable, less current portion
$7.0M
$8.9M
$10.0M
$9.0M
Notes payable, less current portion
$64.7M
$45.4M
$46.6M
$57.2M
Finance lease obligations, less current portion
$935.0K
$1.2M
$1.4M
$1.4M
Lease liability, less current portion
$15.0M
$14.4M
$11.3M
$7.5M
Other noncurrent liabilities
$69.0K
$69.0K
$262.0K
$374.0K
Total liabilities
$284.4M
$201.3M
$224.8M
$218.9M
Common stock, $0.01 par value, 40,000 shares authorized; 15,197 and 14,762 shares issued and outstanding at July 3, 2026 and January 2, 2026, respectively
152.0K
150.0K
148.0K
146.0K
Additional paid-in capital
$227.8M
$212.1M
$212.3M
$208.8M
Accumulated other comprehensive income (loss)
($71.0K)
($151.0K)
($331.0K)
($311.0K)
Retained earnings
$122.6M
$98.2M
$71.0M
$57.3M
Total stockholders' equity
$350.5M
$310.3M
$283.1M
$265.9M
Total liabilities and stockholders' equity
$634.9M
$511.7M
$507.9M
$484.9M
Cash flow statement
Willdan Group cash flow statement, fiscal years
Line item
Jan 2, 2026 · FY
Dec 27, 2024 · FY
Dec 29, 2023 · FY
Dec 30, 2022 · FY
Net income (loss)
$52.6M
$22.6M
$10.9M
($8.4M)
Depreciation and amortization
$18.7M
$14.7M
$16.4M
$17.5M
Other non-cash items
$637.0K
($73.0K)
—
—
Deferred income taxes, net
($13.3M)
$2.6M
$2.6M
($1.7M)
(Gain) loss on sale/disposal of equipment
($29.0K)
($15.0K)
($63.0K)
($64.0K)
Provision for doubtful accounts
$237.0K
$740.0K
$825.0K
$243.0K
Stock-based compensation
$11.8M
$7.4M
$5.3M
$8.4M
Accretion and fair value adjustments of contingent consideration
$3.1M
$153.0K
—
$3.2M
Accounts receivable
$7.8M
$5.3M
($10.3M)
$6.8M
Contract assets
($18.3M)
$5.8M
($10.8M)
($23.8M)
Other receivables
($4.0M)
($1.1M)
$3.6M
$1.5M
Prepaid expenses and other current assets
($2.5M)
($1.1M)
$3.2M
($1.2M)
Other assets
($739.0K)
$3.0M
$5.7M
$3.2M
Accounts payable
$7.7M
($831.0K)
$4.4M
($7.8M)
Accrued liabilities
$20.5M
$4.7M
$5.9M
$13.0M
Contract liabilities
($4.2M)
$8.4M
$598.0K
($914.0K)
Right-of-use assets
$124.0K
($122.0K)
$995.0K
($332.0K)
Net cash (used in) provided by operating activities
$80.1M
$72.1M
$39.2M
$9.4M
Purchase of equipment, software, and leasehold improvements
($9.4M)
($8.4M)
($9.9M)
($9.6M)
Proceeds from sale of equipment
$46.0K
$34.0K
$68.0K
$75.0K
Cash paid for acquisitions, net of cash acquired
($36.3M)
($7.4M)
($1.6M)
—
Net cash (used in) provided by investing activities
($45.6M)
($15.7M)
($11.5M)
($9.5M)
Payments on notes payable
($137.0K)
($190.0K)
($1.6M)
($1.9M)
Payments on debt issuance costs
($332.0K)
—
($1.1M)
($177.0K)
Payments made to retire prior credit agreement
($90.0M)
—
—
—
Borrowing to fund new credit agreement
$88.4M
—
—
—
Principal payments on outstanding debt
($39.7M)
($8.1M)
($112.9M)
($13.0M)
Principal payments on finance leases
($1.5M)
($1.4M)
($1.3M)
($1.1M)
Proceeds from stock option exercise
$2.8M
$2.8M
$182.0K
$274.0K
Proceeds from sales of common stock under employee stock purchase plan
$3.2M
$2.8M
$2.8M
$3.0M
Cash used to pay taxes on stock grants
($5.5M)
($1.4M)
($205.0K)
($992.0K)
Net cash (used in) provided by financing activities
($42.7M)
($5.6M)
($23.8M)
$8.4M
Net increase (decrease) in cash, cash equivalents and restricted cash
($8.2M)
$50.8M
$3.9M
$8.3M
Cash, cash equivalents and restricted cash at beginning of period
$74.2M
$23.4M
$19.5M
$11.2M
Cash, cash equivalents and restricted cash at end of period
$65.9M
$74.2M
$23.4M
$19.5M
Interest
$5.4M
$7.5M
$10.2M
$5.1M
Income taxes
$2.3M
$1.3M
($3.1M)
($1.1M)
Issuance of common stock related to business acquisitions
$5.6M
—
—
—
Contingent consideration related to business acquisitions
$13.1M
$4.1M
—
—
Equipment acquired under finance leases
$1.4M
$1.6M
$961.0K
$2.5M
Willdan Group cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q1
Oct 3, 2025 · YTD
Jul 4, 2025 · YTD
Net income (loss)
$32.9M
$8.5M
$33.8M
$20.1M
Depreciation and amortization
$12.4M
$5.4M
$13.9M
$9.9M
Other non-cash items
($218.0K)
($133.0K)
$699.0K
$657.0K
Deferred income taxes, net
($7.6M)
($1.6M)
($4.2M)
($4.3M)
(Gain) loss on sale/disposal of equipment
($43.0K)
($22.0K)
($26.0K)
($23.0K)
Provision for doubtful accounts
$25.0K
($56.0K)
$214.0K
$279.0K
Stock-based compensation
$8.5M
$3.7M
$8.8M
$5.6M
Accretion and fair value adjustments of contingent consideration
$1.8M
$903.0K
$2.1M
$1.3M
Accounts receivable
($12.1M)
($21.4M)
$5.6M
$16.9M
Contract assets
($27.1M)
$12.5M
($27.5M)
($18.1M)
Other receivables
$4.7M
$3.5M
($5.0M)
($2.3M)
Prepaid expenses and other current assets
$3.3M
($892.0K)
($457.0K)
($1.4M)
Other assets
$895.0K
$620.0K
($597.0K)
($888.0K)
Accounts payable
$7.2M
($3.5M)
$12.2M
$4.6M
Accrued liabilities
($6.6M)
($30.7M)
$3.5M
($1.7M)
Contract liabilities
$1.9M
($1.2M)
($2.5M)
($2.4M)
Right-of-use assets
($189.0K)
($35.0K)
$255.0K
$445.0K
Net cash (used in) provided by operating activities
$19.5M
($24.4M)
$40.9M
$28.7M
Purchase of equipment, software, and leasehold improvements
($3.7M)
($2.0M)
($6.9M)
($4.5M)
Proceeds from sale of equipment
$51.0K
$27.0K
$28.0K
$28.0K
Cash paid for acquisitions, net of cash acquired
($50.5M)
($583.0K)
($33.4M)
($35.1M)
Net cash (used in) provided by investing activities
($54.1M)
($2.6M)
($40.3M)
($39.6M)
Payments on contingent consideration
($8.8M)
($2.8M)
—
—
Receipt of restricted cash
$7.2M
$5.3M
—
—
Payment on restricted cash
($2.9M)
—
—
—
Borrowing under revolving credit facility
$30.0M
—
—
—
Payments under revolving credit facility
($10.0M)
—
—
—
Principal payments on outstanding debt
($1.3M)
($625.0K)
($39.0M)
($28.4M)
Principal payments on finance leases
($885.0K)
($416.0K)
($1.1M)
($737.0K)
Proceeds from stock option exercise
$1.6M
—
$2.5M
$1.9M
Proceeds from sales of common stock under employee stock purchase plan
$1.9M
$1.9M
$3.2M
$1.5M
Cash used to pay taxes on stock grants
($9.0M)
($8.8M)
($5.1M)
($3.1M)
Net cash (used in) provided by financing activities
$7.9M
($5.4M)
($41.6M)
($30.9M)
Net increase (decrease) in cash, cash equivalents and restricted cash
($26.7M)
($32.4M)
($41.0M)
($41.8M)
Cash, cash equivalents and restricted cash at beginning of period
$65.9M
$65.9M
$74.2M
$74.2M
Cash, cash equivalents and restricted cash at end of period
$39.2M
$33.6M
$33.1M
$32.3M
Interest
$2.0M
$1.0M
$4.8M
$3.9M
Income taxes
$1.3M
$805.0K
$2.5M
$2.5M
Issuance of common stock related to business acquisitions
$9.6M
—
$5.6M
$5.6M
Contingent consideration related to business acquisitions