Willdan Group, Inc. (WLDN) Financial Statements
Industry: Engineering Services (Services)
In fiscal 2025, Willdan reported revenue of $681.6M, up 20.5% from $565.8M the year before. Net income was $52.6M (a 7.7% net margin), or $3.49 per diluted share. Gross margin was 37.5% and operating margin was 6.5%. Operating activities generated $80.1M of cash, leaving $70.7M of free cash flow. At fiscal year end, Willdan held $544.2M in total assets against $239.4M in total liabilities, including $65.9M of cash and equivalents.
Open the full interactive Willdan financials → Quarterly statements, key ratios, valuation history and price charts.
Willdan Key Stats
| Share Price | $74.13 |
|---|---|
| Market Cap | $1.14B |
| P/E Ratio | 21.2 |
| Revenue YoY Growth | +20.5% |
| 52-Week Range | $66.91 – $134.94 |
| Shares Outstanding | 15.0 million (basic, 2026 Q2) |
Willdan Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $391.0M | $353.8M | $429.1M | $510.1M | $565.8M | $681.6M |
| Gross Profit | $129.4M | $135.9M | $143.6M | $179.8M | $202.8M | $255.7M |
| Operating Income | -$16.2M | -$8.7M | -$7.1M | $22.1M | $31.4M | $44.1M |
| Pre-Tax Income | -$19.7M | -$12.4M | -$11.5M | $14.6M | $26.7M | $40.0M |
| Income Tax | -$5.2M | -$4.0M | -$3.0M | $3.7M | $4.1M | -$12.6M |
| Net Income | -$14.5M | -$8.4M | -$8.4M | $10.9M | $22.6M | $52.6M |
| Diluted EPS | -$1.23 | -$0.68 | -$0.65 | $0.80 | $1.58 | $3.49 |
Willdan Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $182.0M | $173.7M | $155.1M | $231.0M |
| Net Income | $13.7M | $18.7M | $8.5M | $24.3M |
| Diluted EPS | $0.90 | $1.24 | $0.55 | $1.58 |
Willdan Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.4M | $11.2M | $8.8M | $23.4M | $74.2M | $65.9M |
| Current Assets | $163.2M | $149.0M | $174.0M | $192.0M | $235.5M | $251.7M |
| Total Assets | $410.3M | $394.4M | $409.7M | $415.6M | $464.9M | $544.2M |
| Current Liabilities | $124.0M | $117.2M | $127.2M | $114.7M | $137.7M | $161.8M |
| Total Long-Term Debt | $113.2M | $100.6M | $107.4M | $97.4M | $89.5M | $48.5M |
| Total Liabilities | $241.2M | $215.2M | $228.2M | $215.7M | $230.5M | $239.4M |
| Shareholders' Equity | $169.2M | $179.2M | $181.5M | $199.8M | $234.3M | $304.9M |
Willdan Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $47.0M | $9.8M | $9.4M | $39.2M | $72.1M | $80.1M |
| Cash From Investing | -$5.1M | -$8.5M | -$9.5M | -$11.5M | -$15.7M | -$45.6M |
| Cash From Financing | -$19.0M | -$18.5M | $8.4M | -$23.8M | -$5.6M | -$42.7M |
| Free Cash Flow | $41.9M | $1.3M | -$169,000 | $29.3M | $63.7M | $70.7M |
Figures from Willdan's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Willdan financials page for every line item.
Willdan Company Profile
| Ticker | WLDN |
|---|---|
| Exchange | Nasdaq |
| Industry | Engineering Services (Services) |
| Headquarters | Anaheim, California |
| Incorporated in | Delaware |
| Fiscal Year End | January 1 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001370450 |
Frequently Asked Questions
What was Willdan's revenue in fiscal 2025?
Willdan (WLDN) reported revenue of $681.6M for fiscal 2025.
What is Willdan's annual revenue history?
Willdan's annual revenue by fiscal year: 2020: $391.0M; 2021: $353.8M; 2022: $429.1M; 2023: $510.1M; 2024: $565.8M; 2025: $681.6M.
What was Willdan's net income in fiscal 2025?
Willdan reported net income of $52.6M for fiscal 2025.
What was Willdan's earnings per share (EPS) in fiscal 2025?
Willdan's diluted EPS was $3.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Willdan generate in fiscal 2025?
Willdan generated $70.7M of free cash flow in fiscal 2025.
What was Willdan's revenue last quarter?
In its most recent reported quarter (2026 Q2), Willdan reported revenue of $231.0M.
How much debt does Willdan have?
Willdan reported $48.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Willdan are outstanding?
Willdan reported a weighted average of 15.0 million basic shares outstanding in 2026 Q2.
What is Willdan's market cap?
Based on its latest closing price, Willdan (WLDN) has a market capitalization of about $1.14B.
When does Willdan's fiscal year end?
Willdan's fiscal year end, as registered with the SEC, is January 1.
Where is Willdan headquartered?
Willdan lists its business address in Anaheim, California in its SEC filings.