Here are the 10-K annual reports from Limbach Holdings, Inc (LMB) 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 LMB 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 LMB filings page.
Limbach Holdings, Inc. reports a strong 2025, highlighted by record annual revenue of $646.8 million and record gross profit of $169.3 million. Diluted earnings per share rose 25.7% year over year to $3.23, and net cash provided by operating activities reached $45.7 million.
The company’s Owner Direct Relationships segment drove growth, with revenue increasing 40.6% to $485.7 million and representing 75.1% of total consolidated revenue, in line with its strategic mix-shift. General Contractor Relationships revenue declined to $161.1 million, but segment gross margins improved to 24.5% from 21.1%.
Limbach continues to execute a three-pillar strategy focused on organic ODR expansion, margin enhancement through expanded solutions, and disciplined acquisitions. In 2025 it completed the acquisition of Pioneer Power, LLC, expanding its Midwest footprint, while ODR and GCR backlog rose to $255.8 million and $141.8 million, respectively, supporting future revenue visibility.