Here are the 10-K annual reports from Broadwind, Inc. (BWEN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BWEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BWEN filings page.
Broadwind, Inc. files its annual report describing a diversified manufacturing business serving wind power, gas turbines, oil and gas, mining and other industrial markets through Heavy Fabrications, Gearing and Industrial Solutions segments. The company produces wind towers, pressure reducing systems, gearing, gearboxes and complex kitted assemblies.
Backlog was about $96 million as of December 31, 2025, down 24% from the prior year, reflecting softer order trends. One customer, GE Vernova, provided more than 10% of consolidated revenues, and the five largest customers represented 80%, highlighting customer concentration risk.
The report stresses that changes in U.S. tax policy and trade rules are critical, including production and investment tax credits for wind, new limitations under the One Big Beautiful Bill Act, and time-limited advanced manufacturing credits. Broadwind had 341 employees, about 20% covered by unions under multi‑year collective bargaining agreements, and notes exposure to inflation, high interest rates, cybersecurity, environmental compliance and activist shareholder activity.