JFB JFB Construction Holdings

Overview and Growth

JFB Construction Holdings generated $30.54M of revenue in fiscal 2025, with net loss of $5.27M and an operating cash outflow of $11.79M. The $30.54M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 32.3% above fiscal 2024 revenue of $23.09M, marking a year-over-year increase. The company reported diluted EPS of -$0.31, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 16.97M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 8.7% higher than fiscal 2024, when diluted shares averaged 15.61M, adding context to the EPS comparison. Total assets stood at $40.03M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.76x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $3.15M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 10.3% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $5.65M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 18.5%, showing the shortfall after operating costs. The bottom-line result was a net loss of $5.27M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 17.3% after all recognized items. EBITDA was negative $5.40M, showing a deficit before interest, taxes, depreciation, and amortization. Relative to period-end equity, the net loss represented 13.9%. Relative to total assets, the net loss represented 13.2%. The bottom line deteriorated from $119.00K of income in fiscal 2024 to a $5.27M loss.

Liquidity and Capital Structure

At period end, the $40.03M asset base was financed through $2.20M of liabilities and $37.83M of equity. At period end, current assets of $37.30M compared with current liabilities of $2.20M, defining the company’s short-term resource position. At 16.96x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $25.21M in cash and equivalents, a narrower liquidity measure than total current assets. Equity equaled 94.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 5.5%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 63.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 346.6% from $8.97M in fiscal 2024, leaving current total assets higher year over year. Against $6.33M of equity in fiscal 2024, the current book-equity balance moved 497.7% and ended higher. Cash and equivalents were 835.0% higher than fiscal 2024 cash of $2.70M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $11.79M, showing that operations absorbed cash during the period. The company spent $226.75K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Negative free cash flow was $12.02M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 39.3% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 30.0% of the period-end asset base. The company shifted from generating $3.48M of operating cash in fiscal 2024 to absorbing $11.79M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.