AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended July 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Willdan's Q2 FY2026 contract revenue rose 33.2% YoY to $231.0M, driven by broad-based Energy segment growth plus the Burton acquisition, pushing net income up 57.7% to $24.3M.
Biggest Revenue Drivers
Energy$202.6M+38.1% YoY
Higher revenues across all service offerings combined with incremental revenue from the Burton Energy Group acquisition in May 2026
Engineering and Consulting$28.4M+6.4% YoY
Increased demand for client services combined with incremental revenue from the Compass Municipal Advisors acquisition in January 2026
Biggest Revenue Drivers
Total revenue: $231.0M+33.2% YoY
Energy$202.6M+38.1% YoY
Higher revenues across all service offerings combined with incremental revenue from the Burton Energy Group acquisition in May 2026
Within Energy
Fixed price contracts$127.9M
Recognized on percentage-of-completion method
Unit-based contracts$69.9M
Engineering and Consulting$28.4M+6.4% YoY
Increased demand for client services combined with incremental revenue from the Compass Municipal Advisors acquisition in January 2026
Largest Expense Items
Subcontractor services and other direct costs$113.8M+44.9% YoY
Higher mix of construction management revenues increased this as a % of contract revenue to 49.3% from 45.3%
G&A salaries, payroll taxes and employee benefits$40.5M+24.2% YoY
Increased staffing from acquisitions, higher incentive compensation on improved operating profit, and higher fringe benefit costs
Direct salaries and wages$29.8M+11.8% YoY
To support increased volume of projects
Stock-based compensation$4.8M+51.2% YoY
New stock grants to employees, executives, and directors at a higher stock price
Margins: Gross margin declined to 37.9% from 39.4% YoY due to a higher mix of construction management (subcontractor-heavy) revenue, including the Burton acquisition, though G&A fell as a percentage of revenue to 29.3% from 32.6%, driving operating margin up to 8.5% from 6.8%.
Watch Items from the Filing
Top 10 customers accounted for 51.7% of consolidated contract revenue in Q2 FY2026, though no single customer exceeded 10% (vs. two customers at 26.3% combined in Q2 FY2025).
California and New York clients represented 43.7% and 15.8% of consolidated contract revenue, respectively, indicating significant geographic concentration.
Southern California Edison alone represented 11.2% of Energy segment revenue in the quarter.
Company has contingent earnout obligations of up to $22.8M related to the Enica, APG, Compass, and Burton acquisitions, payable based on future financial performance targets.
Backlog of remaining performance obligations on fixed price contracts reached $478.2M, with $171.1M extending beyond twelve months, supporting revenue visibility.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Early Creighton KEXECUTIVE VP AND CFOShares withheld for tax or exercise price · Mar 25, 2026
Chen MicahEXECUTIVE VP & GENERAL COUNSELShares withheld for tax or exercise price · Mar 25, 2026
About Willdan Group, Inc. (WLDN): stock profile, AI score and financials
Willdan Group, Inc. (WLDN) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores WLDN at 63.9/100 on a composite quality score built from its SEC filings, placing it at rank #579 of 2,925 stocks — the top 25% of the AI-ranked universe. WLDN scores in the top quartile across institutional flow (90.8), balance sheet strength (88.5). Shareholder dilution risk is elevated at 41.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Willdan Group, Inc. reports quarterly revenue of $231.0M, net income of $24.3M, an operating margin of 8.5%. Top institutional holders of WLDN by reported 13-F value include BlackRock, Divisadero Street Capital Management, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. WLDN trades on the Nasdaq exchange and files with the SEC under CIK 1370450. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WLDN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Willdan Group, Inc. directly from SEC EDGAR.