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NV5 Global (NVEE) investor relations material
NV5 Global Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Gross revenues rose 8.9% year-over-year to $252.0M for Q2 2025, driven by organic growth and acquisitions, with net income up 116.7% to $11.7M for the quarter and 121.5% to $12.1M for the six months.
Five acquisitions completed in 2025 for $14.6M, and a merger with Acuren Corporation was approved, with NV5 shareholders to receive $23.00 per share in cash and Acuren stock.
Gross profit margin declined slightly to 50.3% in Q2 2025 from 51.8% in Q2 2024, mainly due to higher sub-consultant services in geospatial solutions.
Financial highlights
Q2 2025 net income was $11.7M, up from $5.4M in Q2 2024; six-month net income was $12.1M, up from $5.5M year-over-year.
Gross revenues for Q2 2025 were $252.0M, up from $231.3M; six-month revenues were $486.0M, up from $443.9M.
Operating expenses increased 9.5% in Q2 2025, mainly from payroll and merger-related costs.
Interest expense decreased by $1.2M in Q2 2025 due to lower rates and reduced debt.
Other income rose by $11.4M in Q2 2025, primarily from an insurance recovery claim.
Outlook and guidance
Management expects liquidity from operations, cash, and credit facility to be sufficient for at least the next 12 months.
No significant cash requirements are anticipated beyond current projections, including after the Senior Credit Facility matures in 2026.
- $1B revenue goal for 2024, driven by tech, AI, and rapid growth in key segments.NVEE
Investor Day 20242 Feb 2026 - Q2 2024 revenue up 6.1%, margins expanded, and guidance raised despite lower net income.NVEE
Q2 20242 Feb 2026 - Record Q3 growth, 31% net income rise, and a $914M backlog support a strong 2024 outlook.NVEE
Q3 202415 Jan 2026 - Record 2024 revenue and margin gains set up strong 2025 growth and profitability outlook.NVEE
Q4 202423 Dec 2025 - Q1 2025 revenue up 10.1%, net income surged, and guidance reaffirmed on strong cash flow.NVEE
Q1 202528 Nov 2025 - $1.7B merger forms a $2B TICC and engineering leader with $20M synergies and global reach.NVEE
M&A Announcement20 Nov 2025
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