Shimmick Corp income statement
In fiscal 2025, Shimmick Corp reported revenue of $493m, up 2.6% on the year before, operating income of −$19.4m (a -3.9% margin) and net income of −$25.6m, or −$0.74 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Jan 2025 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|
| Revenue | 664 | 633 | 480 | 493 | 437 |
| Cost of revenue | 641 | 610 | 536 | 459 | 393 |
| Gross profit | 24 | 22 | −56 | 34 | 44 |
| Selling, general and administrative | 60 | 64 | 64 | 55 | 56 |
| Operating income | 13 | 0 | −119 | −19 | −8 |
| Interest expense | — | 2 | 5 | 7 | 9 |
| Income before tax | 4 | −2 | −126 | −25 | −17 |
| Income tax | 1 | 0 | −1 | 0 | 0 |
| Net income | 4 | −3 | −125 | −26 | −17 |
| Diluted EPS | $0.17 | −$0.11 | −$4.10 | −$0.74 | −$0.46 |
| Diluted shares (average) | 22m | 22m | 30m | 35m | 36m |
| EBITDA | 29 | 18 | −104 | −6 | 2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Jan 2025 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 104 | 122 | 128 | 142 | 100 | 88 | 107 |
| Cost of revenue | 154 | 124 | 117 | 120 | 131 | 90 | 77 | 94 |
| Gross profit | 12 | −21 | 5 | 8 | 11 | 10 | 11 | 12 |
| Selling, general and administrative | 13 | 16 | 14 | 15 | 14 | 11 | 14 | 16 |
| Operating income | 1 | −41 | −9 | −7 | −3 | −0 | −2 | −3 |
| Interest expense | 2 | 1 | 1 | 1 | 1 | 3 | 2 | 2 |
| Income before tax | −2 | −39 | −10 | −8 | −4 | −3 | −4 | −5 |
| Income tax | 0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −2 | −38 | −10 | −9 | −4 | −3 | −5 | −5 |
| Diluted EPS | −$0.05 | −$1.14 | −$0.28 | −$0.25 | −$0.12 | −$0.09 | −$0.13 | −$0.12 |
| EBITDA | 4 | −37 | −5 | −5 | −1 | 3 | 1 | −1 |
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