Welcome to our dedicated page for SHIMMICK CORPORATION SEC filings (Ticker: SHIM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Shimmick Corporation (NASDAQ: SHIM) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a construction-sector company focused on water and sewer line and related structures construction and other complex infrastructure, Shimmick uses these filings to report on its financial condition, project portfolio composition, and capital markets activity.
Among the key documents available are current reports on Form 8-K. For example, Shimmick has filed 8-K reports to furnish quarterly earnings press releases, which discuss revenue, gross margin, net loss, adjusted metrics, and the performance of Shimmick Projects versus Non-Core Projects. These filings also describe backlog, new awards, and the status of Non-Core Loss Projects, giving readers a view into the company’s project mix and transition strategy.
Another 8-K filing details an At The Market Offering Agreement with Roth Capital Partners, LLC, under which Shimmick may, at its discretion, sell shares of common stock under an effective shelf registration statement. This filing outlines the structure of the at-the-market program, the maximum aggregate offering amount, the role of the sales agent, and related representations, covenants, and indemnification provisions.
On this page, users can review Shimmick’s 10-K annual reports and 10-Q quarterly reports when available, along with 8-K current reports and other forms, and take advantage of AI-powered summaries that explain complex sections. The platform also surfaces insider transaction reports on Form 4 and related ownership filings, helping users understand executive and director trading activity in the context of Shimmick’s broader financial and strategic disclosures.
Shimmick Corporation reported that longtime director Steven Richards will retire from its board at the end of his term at the company’s 2026 annual meeting of stockholders. Richards has served the company for 45 years, including as Chief Executive Officer from March 2020 through December 2024 and guiding Shimmick through its November 2023 initial public offering.
Following his retirement, Shimmick expects to reduce the size of its board of directors to five members.
Shimmick Corp director and ten percent owner Mitchell B. Goldsteen reported an indirect open-market sale of 125,000 shares of common stock at a weighted average price of $2.86 per share. The shares were sold through GOHO, LLC, where he is the sole managing member, and the transaction was executed under a Rule 10b5-1 sales plan adopted on December 5, 2025. Following the sale, GOHO, LLC continued to hold 20,974,873 shares indirectly attributed to Goldsteen, indicating that a large position remains.
Shimmick Corporation files its Annual Report describing a water-focused and critical infrastructure construction business with strong roots in California and a growing national footprint. The company delivers dams, reservoirs, water and wastewater treatment, climate resilience, transportation and energy transition projects, often self-performing key scopes.
As of January 2, 2026, Shimmick reports project backlog of approximately $793 million, mostly in California with work in six other states, and non‑affiliate equity market value of about $13.1 million. It had 36,091,730 common shares outstanding and 971 employees, including 590 craft workers.
Management highlights a shift from legacy large, higher‑risk jobs toward smaller and mid‑sized, higher‑margin projects, launch of electrical subsidiary Axia Electric LLC, investments in digital project controls, and expanded collaborative contracting. Safety remains a focus, with 2025 total recordable incident rate of 1.39 and a 33.3% reduction in lost‑time incidents versus 2024. Extensive risk factors cover fixed‑price contract exposure, bonding, reliance on public funding, California concentration, labor availability, regulation, climate and economic conditions.
Shimmick Corporation reported sharply improved fourth-quarter and full-year 2025 results, though it remains unprofitable. Q4 2025 revenue was $100 million versus $104 million a year earlier, but gross margin swung to a $10 million profit from a $21 million loss and net loss narrowed to $2.9 million from $38.5 million.
For 2025, revenue rose to $493 million from $480 million and gross margin improved to $34 million from a $56 million loss, while net loss narrowed to $25.6 million from $124.7 million. Adjusted EBITDA turned positive at $4.8 million for the year, compared with a $61.4 million loss in 2024.
Backlog was about $793 million as of January 2, 2026, with a Q4 book‑to‑burn ratio of 1.4x and $139 million in new awards. Management expects 2026 consolidated revenue of $550–$600 million and Adjusted EBITDA of $15–$30 million, implying strong growth if achieved.
Shimmick Corporation reported lower activity and a modest quarterly loss. For the three months ended October 3, 2025, revenue was $141.9 million and net loss was $4.4 million. Gross margin was $10.8 million against selling, general and administrative expenses of $14.3 million.
Year to date, revenue reached $392.4 million and net loss narrowed to $22.5 million from $86.3 million a year earlier. Operating cash flow for the nine months used $65.7 million, reflecting working capital swings typical of long-duration projects. Cash and cash equivalents were $17.6 million as of October 3, 2025.
Debt increased as the company added facilities to support operations and bonding needs: total debt, net, was $57.5 million (including $33.6 million under the Credit Agreement, $14.3 million under the ACF Credit Agreement and $13.0 million under the Ansley Loan Agreement). The company reported remaining performance obligations of $716 million with a weighted average life of 2.5 years, and a disclosed backlog of approximately $754 million as of October 3, 2025.
Shimmick Corporation furnished a press release announcing financial results for the third quarter ended October 3, 2025. The release is included as Exhibit 99.1 and was provided under a current report on Form 8‑K.
The company states the press release includes backlog and new awards data. Backlog represents the total dollar value of contracted work remaining and is adjusted for cancellations, deferrals, scope changes, and cost revisions. New awards reflect the dollar value of contracts executed during the period.
Shimmick Corporation entered into an at-the-market offering agreement with Roth Capital Partners to sell up to $7,800,000 of its common stock from time to time. Roth will act as sales agent, placing shares in at-the-market offerings under the company’s effective Form S-3 shelf registration and a related prospectus supplement dated September 8, 2025.
Shimmick is not required to sell any shares under this agreement and either party can suspend or terminate the offering before the full amount is sold. The company will pay Roth a cash commission of up to 3% of the gross proceeds from each share sale and reimburse up to $50,000 of documented legal fees. The agreement includes customary representations, covenants, and indemnification provisions for the sales agent.
Shimmick Corporation's prospectus supplement discloses securities and governance items relevant to a contemplated offering and references key risk factors. The company notes certain emerging-growth-company accommodations under the JOBS Act, including reduced historical financial statement requirements, extended transition for new accounting standards, scaled-back executive compensation disclosures, exemptions from advisory compensation votes and an exemption from auditor attestation of internal control under Section 404. The filing lists 1,865,608 common shares issuable on outstanding options at a weighted-average exercise price of $1.26, 2,594,768 restricted stock units outstanding, and 2,430,608 additional shares reserved under equity plans. The prospectus reiterates extensive operational and market risks, including contract-bidding accuracy, fixed-price contracts, dependency on subcontractors and suppliers, limited customer base, liquidity and covenant risks, cybersecurity, regulatory and geopolitical risks, and potential impacts from inflation and elevated interest rates.
Mitchell B. Goldsteen, a director and 10% owner of Shimmick Corporation (SHIM), sold a total of 25,206 shares under a pre-existing Rule 10b5-1 plan. The Form 4 discloses two dispositions: 10,500 shares on 08/28/2025 at a weighted-average price of $3.18 and 14,706 shares on 08/29/2025 at a weighted-average price of $2.96. After these transactions, the reporting person beneficially owned 21,099,873 shares indirectly through GOHO, LLC, of which he is the sole managing member. The sales were effected pursuant to a 10b5-1 plan adopted on August 20, 2024, and were reported by power of attorney on 09/02/2025.