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Mar 29, 2025
NV5 Q1 2025 Earnings Report
Reported strong first quarter results and reaffirmed positive full-year 2025 guidance
Key Takeaways
NV5 Global, Inc. delivered strong first quarter results with significant growth in revenue and profitability. Gross revenues increased by 10%, driven by 5% organic growth. Cash flows from operations saw a substantial 96% increase. The company reaffirmed its full-year 2025 guidance, citing strong performance, backlog, and pipeline.
Gross revenues increased by 10% to $234.0 million in Q1 2025 compared to Q1 2024.
Net income grew significantly by 456% to $0.4 million in Q1 2025.
Cash flows from operating activities increased by 96% to $38.4 million in Q1 2025.
Adjusted EBITDA increased by 8% to $29.7 million in Q1 2025.
Forward Guidance
NV5 Global, Inc. reaffirmed its full-year 2025 guidance for gross revenues, GAAP EPS, and Adjusted EPS.
Positive Outlook
- Reaffirmed full-year 2025 gross revenue guidance between $1.026 billion and $1.045 billion.
- Reaffirmed full-year 2025 GAAP EPS guidance between $0.52 per share and $0.62 per share.
- Reaffirmed full-year 2025 Adjusted EPS guidance between $1.27 per share and $1.37 per share.
- Strong first quarter performance provides a solid foundation for the rest of the year.
- Backlog and pipeline of opportunities support continued growth.
Challenges Ahead
- Amortization expense from intangible assets and acquisition-related costs may impact GAAP EPS.
- Uncertainty in the timing, amount, or nature of adjustments makes quantitative reconciliations of forward-looking non-GAAP metrics difficult.
- Changes in demand from local and state government and private clients could impact results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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