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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.
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