Every 10-Q that Shimmick Corporation (SHIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SHIM 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 SHIM filings page.
Shimmick Corporation reported lower revenue but stronger profitability for the quarter and six months ended July 3, 2026. Quarterly revenue was $106.6 million, down 17% year over year, while gross margin rose to $12.5 million with a 12% margin, up from 6%. Net loss narrowed to $4.8 million from $8.4 million. For the first half, revenue declined 22% to $194.6 million, but gross margin nearly doubled to $23.4 million and net loss improved to $9.2 million from $18.1 million.
Performance benefited from improved results on Non-Core Projects as loss-making legacy jobs wind down and from favorable project close-outs and settlements, partly offset by lower activity on completed or winding-down projects. Backlog remained substantial, with about $991 million of projects and remaining performance obligations of $895 million with a 2.2-year weighted average life.
Liquidity reflects $18.1 million of cash, cash equivalents and restricted cash and negative operating cash flow of $24.6 million for the first half, an improvement versus the prior-year outflow. Total debt, net, increased to $72.4 million, and interest expense rose. Shimmick also completed an underwritten equity offering of 4.29 million shares at $3.50, raising roughly $14.0 million in net proceeds. The company disclosed ongoing legal matters, including a large California False Claims Act lawsuit, and continues to carry a full tax valuation allowance.
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.