Strong Start to 2025
NV5 reported 5% organic growth in gross revenues, with $234 million in gross revenues, $30 million in adjusted EBITDA, and $123 million in gross profits for Q1 2025.
Infrastructure and Buildings Segments Growth
The Infrastructure and Buildings and Technology segments increased gross revenues by 12% and 17% respectively.
Record First Quarter Financial Results
Gross revenues grew 10% to $234 million compared to $212.6 million in Q1 2024, with a gross profit increase of 10% to $123.2 million.
Significant Cash Flow Improvement
Strong cash flows from operations of $38.4 million in Q1 2025, representing a 96% increase over Q1 2024.
Successful Acquisitions
Completed three acquisitions including Herman Cx and CRS Survey, which have already contributed to business growth through cross-selling.
Geospatial Software Growth
Geospatial software performance grew 11% in Q1 2025 over Q1 2024 at improved margins.