Willdan Group (WLDN) Q3 FY2026 earnings: revenue $215 million, up 17.9% on the year

Willdan Group, Inc. (WLDN) reported revenue of $215 million for Q3 FY2026, the quarter ended 2 October 2026, up 17.9% on the same quarter a year earlier. Net income was $12 million, down 13.6% on the year, and diluted earnings per share $0.76. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$215 million

+17.9% on the year · -7.1% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

7.6%

8.2% a year earlier

Q4 FY2024Q3 FY2026

Net income

$12 million

-13.6% on the year · -51.3% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.76

-15.6% on the year · -51.9% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 4 new, 1 kept.

Contract revenue rose 17.9%: Third-quarter contract revenue was $214.5 million, up 17.9%. Net revenue was $112.2 million, up 18.1%.
Adjusted EBITDA rose 22.4%: Third-quarter adjusted EBITDA was $28.3 million, up 22.4% from $23.1 million in the prior-year quarter.
Subcontractor share of revenue rose: Subcontractor and other direct costs were 46.4% of contract revenue for the nine months ended October 2, 2026, versus 45.8% a year earlier. Fiscal 2025 was 46.5%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	215	231	182	-7.1%	+17.9%
Cost of revenue	132	144	115	-8.0%	+14.9%
Gross profit	82.5	87.5	67.1	-5.7%	+22.9%
Gross margin	38.4%	37.9%	36.9%
Operating income	16.3	19.7	14.9	-17.4%	+9.7%
Operating margin	7.6%	8.5%	8.2%
Interest expense	1.1	1.1	0.9	-1.4%	+18.7%
Pre-tax income	15.4	19.1	14.3	-19.3%	+7.8%
Income tax	3.5	-5.3	0.6		+521.8%
Effective tax rate	23.0%	-27.5%	4.0%
Net income	11.9	24.3	13.7	-51.3%	-13.6%
Net margin	5.5%	10.5%	7.5%
Diluted EPS	$0.76	$1.58	$0.90	-51.9%	-15.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	13.4	43.9	12.2	-69.4%	+10.3%
Capital expenditure	1.5	1.6	2.4	-7.8%	-36.9%
Free cash flow	11.9	42.2	9.8	-71.8%	+21.9%
Free cash flow margin	5.6%	18.3%	5.4%
Cash from investing	-6.9	-51.5	-0.7
Cash from financing	-3.6	13.3	-10.7
Depreciation and amortisation	5.8	7.0	3.9	-17.1%	+47.7%
Share-based compensation	5.0	4.8	3.1	+3.3%	+58.0%
Diluted shares, weighted	16m	15m	15m	+0.8%	+2.0%
Shares outstanding at period end	15m	15m	15m	+0.9%	+3.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	371	350	283	+5.9%	+31.1%
Debt	61.6	67.2	49.1	-8.3%	+25.6%
Operating lease liabilities	13.9	15.0	11.3	-7.1%	+22.9%
Finance lease liabilities	0.9	0.9	1.4	-3.2%	-33.4%
Other liabilities	198	201	163	-1.4%	+21.6%
Total liabilities and equity	646	635	508	+1.7%	+27.2%
Goodwill	223	212	178	+5.2%	+25.7%
Intangible assets	59.8	68.9	35.6	-13.2%	+68.0%
Cash and equivalents	39.2	34.9	33.1	+12.3%	+18.3%
Receivables	97.5	84.2	66.7	+15.8%	+46.2%
Other assets	226	235	195	-3.6%	+16.0%
Total assets	646	635	508	+1.7%	+27.2%

Questions

What was Willdan Group's revenue in Q3 FY2026?

Willdan Group (WLDN) reported revenue of $215 million for Q3 FY2026, the quarter ended 2 October 2026, up 17.9% on the same quarter a year earlier.

How much did Willdan Group earn in Q3 FY2026?

Net income for Q3 FY2026 was $12 million, down 13.6% on the year, and diluted earnings per share $0.76.

When did Willdan Group report Q3 FY2026 results?

Willdan Group filed its 10-Q for the quarter ended 2 October 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	92.2	91.8	103	121	113	103	119	133	156	122	141	158	144	152	173	182	174	155	231	215
Cost of revenue	57.5	60.5	71.1	83.9	70.1	61.3	78.4	89.3	101	75.1	92.2	107	89.1	94.7	105	115	111	92.0	144	132
Gross profit	34.7	31.4	31.6	37.5	43.1	41.3	40.6	43.4	54.4	47.4	48.8	51.6	55.0	57.7	68.3	67.1	62.6	63.2	87.5	82.5
Gross margin	38%	34%	31%	31%	38%	40%	34%	33%	35%	39%	35%	33%	38%	38%	39%	37%	36%	41%	38%	38%
Operating income	1.1	-5.6	-5.3	-0.8	4.6	4.0	2.5	3.8	11.7	5.4	6.4	8.7	10.9	7.0	11.8	14.9	10.4	7.3	19.7	16.3
Operating margin	1%	-6%	-5%	-1%	4%	4%	2%	3%	8%	4%	5%	5%	8%	5%	7%	8%	6%	5%	9%	8%
Interest expense	0.8	0.8	1.0	1.4	2.1	2.5	2.2	2.4	2.3	2.1	2.0	1.9	1.8	1.8	2.2	0.9	0.9	0.8	1.1	1.1
Pre-tax income	0.5	-6.2	-6.0	-1.4	2.2	1.7	0.6	2.3	10.0	3.9	5.3	7.5	9.9	5.2	10.2	14.3	10.3	7.3	19.1	15.4
Tax rate	285%	n/a	n/a	n/a	120%	45%	38%	31%	20%	25%	14%	2%	23%	10%	-52%	4%	-81%	-18%	-28%	23%
Net income	-0.9	-3.8	-4.3	0.1	-0.4	0.9	0.4	1.6	8.0	2.9	4.6	7.3	7.7	4.7	15.4	13.7	18.7	8.5	24.3	11.9
Net margin	-1%	-4%	-4%	0%	-0%	1%	0%	1%	5%	2%	3%	5%	5%	3%	9%	8%	11%	5%	11%	6%
Diluted EPS	-$0.07	-$0.30	-$0.33	$0.01	-$0.03	$0.07	$0.03	$0.11	$0.58	$0.21	$0.33	$0.51	$0.53	$0.32	$1.03	$0.90	$1.23	$0.55	$1.58	$0.76
Operating cash flow	11.5	-7.8	4.2	8.1	4.9	17.3	1.6	5.2	15.1	26.9	0.9	10.8	33.5	3.3	25.4	12.2	39.2	-24.4	43.9	13.4
Capital expenditure	3.6	2.1	2.2	2.6	2.6	3.5	2.3	1.8	2.3	2.0	2.2	1.9	2.3	2.3	2.2	2.4	2.5	2.0	1.6	1.5
Free cash flow	7.9	-9.9	1.9	5.4	2.3	13.8	-0.7	3.4	12.8	25.0	-1.3	8.8	31.1	1.0	23.2	9.8	36.7	-26.4	42.2	11.9
Shares outstanding	13m	13m	13m	13m	13m	13m	14m	14m	14m	14m	14m	14m	14m	14m	15m	15m	15m	15m	15m	15m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 2 October 2026, filed 6 November 2026: the filing.