Short answer
Primoris Services Corp (PRIM) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.2B (up 32.1% year over year) with net income of $95M.
Q3 2025 key financials · XBRL
- Revenue
- $2.2B
- +32.1% YoY · +15.2% QoQ
- Net income
- $95M
- +61.9% YoY · +12.2% QoQ
- Operating margin
- 6.3%
- Gross margin
- 10.8%
- EPS (diluted)
- $1.72
- +60.7% YoY · +11.7% QoQ
Source: XBRL data from the Primoris Services Corp (PRIM) Q3 2025 10-Q on SEC EDGAR. USD.
Primoris Services Corp Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2,178.4M up 32.1% YoY ($1,649.1M in Q3 2024), driven by Energy and Utilities segments
- Operating margin 6.3% vs 6.0% YoY; Utilities margin 7.5% down from 8.6%, Energy margin 7.3% flat YoY
- Best segment Energy: revenue +47.0% to $1,485.7M, operating income +46.2% to $108.6M; worst Utilities: revenue +10.7% to $737.5M, operating income -3.7% to $55.1M
- Cash from operations $327.5M YTD, up from $210.1M; capital expenditures $108.2M YTD; cash decreased slightly to $431.4M from $455.8M at year-end
- Management expects liquidity sufficient for operations and capex; notes inflationary pressures partially offset by contract escalations, continues contract renegotiations
Risk Factors
- No new or changed risk factors disclosed this quarter compared to most recent 10-K
- Continued exposure to regulatory compliance risks associated with environmental and safety regulations in construction sector
- Operational risk from project execution delays and cost overruns impacting near-term revenue recognition
- Market competition risk due to aggressive pricing pressure in infrastructure services segment
- Financial risk of credit facility availability and debt maturities impacting liquidity management
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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