Shimmick Corporation Common Stock

Shimmick Corporation reported revenue of $492.8 million for fiscal year 2025, ending January 2, 2026. The company incurred a net loss attributable to Shimmick Corporation of $25.6 million, driven by a loss from operations of $19.4 million, which was primarily due to selling, general and administrative expenses of $54.6M exceeding the gross margin of $33.6M. The company used $65.1 million in cash from operating activities, but generated $1.1 million from investing activities and $50.1 million from financing activities, resulting in a net decrease in cash of $13.9 million. The balance sheet shows a stockholders' deficit of $56.6 million and total liabilities of $275.4 million. The company's backlog as of January 2, 2026, was approximately $793 million, with over half of its 2025 revenue generated in California. The filing highlights a strategic shift towards smaller, less risky projects with higher margins and the launch of a dedicated electrical subsidiary, Axia Electric, in June 2025.

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