Overview
- IndustryServices-Miscellaneous Business Services1
- HeadquartersHollywood, Florida1
- Incorporated inDE2
- Business address200 South Park Road, Suite 350, Hollywood, Fl 330212
- Filer categoryLarge accelerated filer2
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Our disclosure and analysis in this Annual Report on Form 10-K and in our 2024 Annual Report to Stockholders, including all documents incorporated by reference, contain “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995. From time to time, we also provide forward-looking statements in other materials we release to the public, as well as oral forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our “expectations,” “hopes,” “beliefs,” “intentions,” or “strategies” regarding the future. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, includi…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
98.3%Gross margin5
5.7%Net margin5
16.2%Revenue growth, 20245
3.4%Return on equity5
0.30×Debt to equity5
$40.4MFree cash flow5
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs94¢$461.8M
- Income tax0¢$1.7M
- Profit6¢$28.0M
Out of $491.5M in revenue.5
Where each dollar of operating cash went, fiscal 2024
- Capital spending30¢$16.9M
- Kept or used elsewhere70¢$40.4M
Out of $57.3M of cash from operations.5
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $418.1M6 | $158.8M7 | $297.1M8 | $343.5M5 | $422.9M5 | $491.5M5 | |
| Gross profit | $201.4M6 | $245.4M7 | $334.5M8 | $386.0M5 | $426.2M5 | $483.2M5 | |
| Operating expenses | $319.8M5 | $366.3M5 | $439.8M5 | ||||
| Interest | $2.0M6 | $2.3M7 | $15.2M8 | $3.8M11 | $13.0M11 | ||
| Income before tax | $62.4M5 | $47.0M5 | $26.3M5 | ||||
| Income tax | $6.9M6 | $5.2M7 | $8.0M8 | $12.4M5 | $3.3M5 | -$1.7M5 | |
| Net income | $26.9M6 | $23.8M7 | $21.0M8 | $50.0M5 | $43.7M5 | $28.0M5 | |
| Earnings per share | $2.446 | $1.967 | $1.708 | $0.855 | $0.725 | $0.455 | |
| Earnings per share (diluted) | $2.336 | $1.907 | $1.658 | $0.825 | $0.715 | $0.445 | |
| Shares (weighted, basic) | 59.0M shares5 | 60.3M shares5 | 61.6M shares5 | ||||
| Shares (weighted, diluted) | 61.0M shares5 | 61.9M shares5 | 62.9M shares5 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $40.7M12 | $31.8M6 | $64.9M7 | $38.5M11 | $44.8M5 | $50.4M5 | |
| Receivables | $145.6M11 | $152.6M5 | $198.6M5 | ||||
| Current assets | $185.1M12 | $251.2M6 | $288.9M7 | $290.7M11 | $327.1M5 | $411.0M5 | |
| Goodwill | $401.0M5 | $549.8M5 | $579.3M5 | ||||
| Intangible assets | $160.4M11 | $210.7M5 | $206.6M5 | ||||
| Total assets | $439.4M12 | $893.1M6 | $881.2M7 | $935.7M11 | $1.2B5 | $1.3B5 | |
| Accounts payable | $57.8M11 | $54.4M5 | $81.9M5 | ||||
| Current liabilities | $73.0M12 | $114.4M6 | $136.2M7 | $160.9M11 | $176.7M5 | $210.3M5 | |
| Long-term debt | $29.8M12 | $332.9M6 | $283.3M6 | $57.5M8 | $216.6M11 | $254.0M5 | |
| Total liabilities | $121.9M12 | $537.2M6 | $487.1M7 | $241.5M11 | $409.3M5 | $482.3M5 | |
| Retained earnings | $222.8M11 | $266.5M5 | $294.5M5 | ||||
| Shareholders’ equity | $317.5M7 | $356.0M8 | $394.1M11 | $694.2M5 | $774.9M5 | $833.0M5 | |
| Shares outstanding | 12.6M shares12 | 12.9M shares6 | 12.9M shares13 | 13.3M shares6 | 15.5M shares11 | 63.6M shares5 | 65.1M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $35.0M6 | $39.9M7 | $96.0M8 | $94.0M5 | $62.2M5 | $57.3M5 | |
| Depreciation and amortization | $44.1M5 | $55.1M5 | $66.6M5 | ||||
| Stock-based compensation | $19.3M5 | $22.4M5 | $26.0M5 | ||||
| Capital spending | $2.2M6 | $2.6M7 | $9.9M8 | $15.7M5 | $17.2M5 | $16.9M5 | |
| Free cash flow | $32.8M | $37.3M | $86.2M | $78.3M | $45.0M | $40.4M | |
| Cash from investing | -$21.5M5 | -$205.8M5 | -$80.2M5 | ||||
| Cash from financing | -$81.9M5 | $149.9M5 | $28.6M5 |
Corporate structure
NV5 Global, Inc. is part of a group headed by TIC Solutions, Inc.. 90 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NV5 Global, Inc.
- Dickerson Wright Filed SCHEDULE 13G/A on NV5 Global, Inc., latest Aug 4, 2025 (2 filings since Nov 8, 2024)
- Cercano Management LLC Filed SCHEDULE 13G/A on NV5 Global, Inc., latest Jan 21, 2025 (2 filings since Feb 13, 2023)
- VANGUARD GROUP INC Filed SC 13G/A on NV5 Global, Inc., latest Feb 13, 2024 (3 filings since Feb 10, 2022)
- BlackRock Filed SC 13G/A on NV5 Global, Inc., latest Jan 23, 2024 (3 filings since Jan 10, 2022)
- Fifth Street Station LLC Filed SC 13G/A on NV5 Global, Inc., latest Feb 11, 2022
- TIC Solutions, Inc. Hollywood, Florida, United States
- NV5 Global, Inc. Hollywood, Florida
- Causseaux, Hewett, & Walpole, LLC Subsidiary · Florida, United States
- IDA Engineering Private Limited (India) Subsidiary · India
- NV5 LTD (HK) Subsidiary · Hong Kong
- Red Group (M) Sdn. Bhd. Subsidiary · Malaysia
- 2471981 Alberta Ltd. Subsidiary · Alberta, Canada
- A1 Asia Limited Subsidiary · Hong Kong
- A1 International Limited Subsidiary · Hong Kong
- Acuren Delaware Holdco, Inc. Subsidiary · Delaware, United States
- Acuren Group Inc. Subsidiary · Alberta, Canada
- Acuren Holdings, Inc. Subsidiary · Delaware, United States
- Acuren Inc. Subsidiary · New Brunswick, Canada
- Acuren Industrial Holdings Inc. Subsidiary · Alberta, Canada
- Acuren Inspection, Inc. Subsidiary · Delaware, United States
- Acuren Intermediate Holdings, Inc. Subsidiary · Delaware, United States
- Acuren USA, Inc. Subsidiary · Delaware, United States
- Acuren Wind Canada Inc. Subsidiary · Quebec, Canada
- Aero-Metric Holdings Corp Subsidiary · Indiana, United States
- Applied Inspection Ltd. Subsidiary · United Kingdom
- Axim Geospatial, LLC Subsidiary · Delaware, United States
- BakosNDT Ltd. Subsidiary · Alberta, Canada
- Bock and Clark Corporation Subsidiary · Delaware, United States
- Cambridge Materials Testing Ltd. Subsidiary · Ontario, Canada
- Century Inspection, Inc. Subsidiary · Delaware, United States
- Columbia Engineering and Services, Inc. Subsidiary · Delaware, United States
- Construction & Turnaround Specialist, Inc. Subsidiary · Delaware, United States
- Continental Mapping Acquisition Corp. Subsidiary · Delaware, United States
- Dade Moeller and Associates, Inc. Subsidiary · North Carolina, United States
- Echo NDE Inc. Subsidiary · Alberta, Canada
- and 60 more
- NV5 Global, Inc. Hollywood, Florida
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NV5 Global, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $5.4M5 Dec 28, 2024 | $4.4M5 Dec 30, 2023 | +23.0% |
| Operating-lease assets (leased space) | $32.1M5 Dec 28, 2024 | $36.8M5 Dec 30, 2023 | −12.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $50.4M5 Dec 28, 2024 | $44.8M5 Dec 30, 2023 | +12.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $579.3M5 Dec 28, 2024 | $549.8M5 Dec 30, 2023 | +5.4% |
| Intangible assets, net (excluding goodwill) | $206.6M5 Dec 28, 2024 | $210.7M5 Dec 30, 2023 | −1.9% |
| Finite-lived intangibles, gross | $453.7M5 Dec 28, 2024 | $407.4M5 Dec 30, 2023 | +11.4% |
| Accumulated amortization | $247.1M5 Dec 28, 2024 | $196.7M5 Dec 30, 2023 | +25.6% |
| Finite-lived intangibles, net | $206.6M5 Dec 28, 2024 | $210.7M5 Dec 30, 2023 | −1.9% |
Properties, in its own words
We lease office space in the U.S. and internationally from which we provide our services.
Item 2 of the 10-K filed Feb 21, 2025.4
Leadership
Who has led NV5 Global, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerBenjamin Heraud Mar 8, 2024 to Apr 3, 202414
- Chief executive officerAlexander A. Hockman Apr 3, 2024 to now15
- Chief executive officerDickerson Wright Mar 26, 2013 to Mar 8, 202416
- ChairDickerson Wright May 8, 2015 to now17
- PresidentAlexander A. Hockman Jan 28, 2015 to Nov 16, 202318
- PresidentDickerson Wright Mar 26, 2013 to May 22, 201416
- Chief financial officerEdward H. Codispoti Jun 19, 2019 to now19
- Chief financial officerMichael P. Rama Mar 26, 2013 to May 16, 201920
- Chief operating officerAlexander A. Hockman Jan 28, 2015 to Nov 16, 202318
Board members and other officers (18)
- VPMichael P. Rama Jun 10, 2019 to Jun 10, 201921
- Executive VPAlexander A. Hockman Mar 26, 2013 to Apr 1, 201422
- Executive VPDonald C. Alford Mar 26, 2013 to now23
- Ex VP, Chief Admin & SecretaryMaryjo O'Brien Mar 26, 2013 to now24
- Board memberMaryjo O'Brien Jul 3, 2024 to now25
- Board memberRichard Tong Jul 3, 2024 to now26
- Board memberBrian C. Freckmann Jun 23, 2023 to now27
- Board memberMichael John Renshaw Jun 10, 2021 to Jun 10, 202128
- Board memberDenise Dickins Veitch Aug 27, 2021 to now29
- Board memberLaurie Catherine Conner Jun 17, 2019 to Aug 31, 202330
- Board memberTardan Francois Feb 2, 2015 to now31
- Board memberAlexander A. Hockman Aug 26, 2015 to now32
- Board memberDickerson Wright Mar 26, 2013 to May 22, 201416
- Board memberDonald C. Alford Mar 26, 2013 to Dec 14, 201823
- Board memberGerald J. Salontai Mar 26, 2013 to Feb 10, 202033
- Board memberJeffrey A. Liss Mar 26, 2013 to Jul 16, 201834
- Board memberWilliam D. Pruitt Mar 26, 2013 to now35
- General counselRichard Tong Mar 26, 2013 to now36
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Aero-Metric Holdings Corp Indiana3
- Axim Geospatial, LLC Delaware3
- Bock and Clark Corporation Delaware3
- Causseaux, Hewett, & Walpole, LLC Florida3
- Continental Mapping Acquisition Corp. Delaware3
- Dade Moeller and Associates, Inc. North Carolina3
- Energenz, LLC Delaware3
- Geodynamics, LLC North Carolina3
- Geographic Information Services, Inc. Alabama3
- Geospatial Holdings, GmbH Germany3
- Geospatial Holdings, Inc. Delaware3
- Hanna Engineering, Inc. California3
- IDA Engineering Private Limited (India) India3
- Industrial Design Associates International PTE. LTD. Singapore3
- J.B.A. Consulting Engineers, Inc. Nevada3
- NV5 Consultants India Private Limited India3
- NV5 Consultants Limited Hong Kong3
- NV5 Consultants, Inc. Massachusetts3
- NV5 Consulting LTD Hong Kong3
- NV5 Engineers and Consultants, Inc. North Carolina3
- NV5 Environmental, Inc. California3
- NV5 Environmental, L.P. California3
- NV5 Geospatial Solutions B.V. Netherlands3
- NV5 Geospatial Solutions France SARL France3
All 46 listed subsidiaries
- NV5 Geospatial Solutions GmbH Germany3
- NV5 Geospatial Solutions Italia s.r.l. Italy3
- NV5 Geospatial Solutions KK Japan3
- NV5 Geospatial Solutions UK Limited UK3
- NV5 Geospatial Solutions, Inc. Colorado3
- NV5 Geospatial, Inc. Wisconsin3
- NV5 Holdings, LLC Delaware3
- NV5 LNG Engineering Services Incorporated New Hampshire3
- NV5 LTD (HK) Hong Kong3
- NV5 Macau Limited Macau3
- NV5 Malaysia, SDN, BHD Malaysia3
- NV5 Philippines Corp Philippines3
- NV5 Planning and Design, Inc. Massachusetts3
- NV5 Private Limited Singapore3
- NV5, Inc. California3
- NV5, LLC North Carolina3
- Optimal Energy, LLC Delaware3
- Quantum Spatial Canada Canada3
- Red Group (M) Sdn. Bhd. Malaysia3
- Red Technologies (S) Pte. Ltd. Singapore3
- Southport Engineering Associates, Inc. Connecticut3
- TSG Solutions, Inc. Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- NV5 Holdings, Inc.Oct 20, 2011 to Nov 12, 20152
Timeline
- Aug 4, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer37
- Jul 31, 20258-K Shareholder vote38
- May 20, 20258-K Executive or director change39
- May 15, 20258-K Entered a material agreement; Regulation FD disclosure40
- May 1, 20258-K Results of operations; Regulation FD disclosure41
- Feb 20, 20258-K Results of operations; Regulation FD disclosure42
- Jan 8, 20258-K Executive or director change43
- Nov 7, 20248-K Results of operations; Regulation FD disclosure44
- Oct 11, 20248-K Bylaws or fiscal year changed45
- Sep 25, 20248-K Regulation FD disclosure46
- Aug 7, 20248-K Results of operations; Regulation FD disclosure47
- Jun 20, 20248-K Bylaws or fiscal year changed; Shareholder vote48
- Apr 3, 2024New chief executive Alexander A. Hockman becomes CEO15
- Mar 8, 2024New chief executive Benjamin Heraud becomes CEO14
- Mar 26, 2013New chief executive Dickerson Wright becomes CEO16
Calendar
When it reported results
- May 1, 2025Reported quarterly or annual results41
- Feb 20, 2025Reported quarterly or annual results42
- Nov 7, 2024Reported quarterly or annual results44
- Aug 7, 2024Reported quarterly or annual results47
- May 8, 2024Reported quarterly or annual results49
- Feb 22, 2024Reported quarterly or annual results50
- Nov 2, 2023Reported quarterly or annual results51
- Aug 9, 2023Reported quarterly or annual results52
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
213 filings to the SEC since October 2021: 6 annual reports, 12 quarterly reports, 28 major events, 119 insider forms, 11 large holders, 37 other. The latest 20:
- Aug 14, 202515-12G EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 6, 20254 EDGAR
- Aug 4, 2025SCHEDULE 13G/A EDGAR
- Aug 4, 20258-K EDGAR
- Aug 4, 2025S-3DPOS EDGAR
- Aug 4, 202510-Q EDGAR
- Aug 4, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 4, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 4, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 4, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 4, 2025S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
The 213 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
46 open-market trades by officers, directors and large owners since October 2021: 0 buys and 46 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 13, 2024 | Tong RichardExec VP and General Counsel | Sale | 20,000 | $20.08 | $401.6K | Form 4 |
| Aug 26, 2024 | Francois TardanDirector | Sale | 1,661 | $96.32 | $160.0K | Form 4 |
| Jun 13, 2024 | Codispoti Edward HCFO | Sale | 760 | $91.46 | $69.5K | Form 4 |
| Jun 12, 2024 | O'Brien MaryJoEx VP, Chief Admin & Secretary | Sale | 1,129 | $94.06 | $106.2K | Form 4 |
| Jun 12, 2024 | Tong RichardExec VP and General Counsel | Sale | 3,119 | $94.00 | $293.2K | Form 4 |
| May 28, 2024 | Heraud BenjaminCEO | Sale | 1,222 | $92.53 | $113.1K | Form 4 |
| May 14, 2024 | O'Brien MaryJoEx VP, Chief Admin & Secretary | Sale | 19 | $94.06 | $1.8K | Form 4 |
| May 14, 2024 | Heraud BenjaminCEO | Sale | 3 | $94.06 | $282 | Form 4 |
| May 14, 2024 | Pruitt William DDirector | Sale | 3,000 | $95.34 | $286.0K | Form 4 |
| Mar 13, 2024 | ALFORD DONALD CExecutive VP | Sale | 1,000 | $100.12 | $100.1K | Form 4 |
| Mar 8, 2024 | ALFORD DONALD CExecutive VP | Sale | 2,459 | $99.53 | $244.7K | Form 4 |
| Dec 27, 2023 | O'Brien MaryJoEx VP, Chief Admin & Secretary | Sale | 5,000 | $115.00 | $575.0K | Form 4 |
| Nov 17, 2023 | ALFORD DONALD CExecutive VP | Sale | 4,999 | $100.02 | $500.0K | Form 4 |
| Nov 16, 2023 | ALFORD DONALD CExecutive VP | Sale | 1 | $100.01 | $100 | Form 4 |
| Nov 14, 2023 | Tong RichardExec VP and General Counsel | Sale | 3,169 | $96.81 | $306.8K | Form 4 |
| Nov 8, 2023 | Pruitt William DDirector | Sale | 3,000 | $92.38 | $277.1K | Form 4 |
| Jul 11, 2023 | O'Brien MaryJoEx VP, Chief Admin & Secretary | Sale | 3,000 | $111.30 | $333.9K | Form 4 |
| Feb 13, 2023 | WRIGHT DICKERSONExecutive Chairman | Sale | 10,000 | $128.25 | $1.3M | Form 4 |
| Feb 10, 2023 | WRIGHT DICKERSONExecutive Chairman | Sale | 20,000 | $126.96 | $2.5M | Form 4 |
| Feb 9, 2023 | WRIGHT DICKERSONExecutive Chairman | Sale | 10,000 | $132.23 | $1.3M | Form 4 |
All 46 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Dickerson WrightSCHEDULE 13G/A, 2 filings Nov 8, 2024 to Aug 4, 202553
- Cercano Management LLCSCHEDULE 13G/A, 2 filings Feb 13, 2023 to Jan 21, 202554
- VANGUARD GROUP INCSC 13G/A, 3 filings Feb 10, 2022 to Feb 13, 202455
- BlackRockSC 13G/A, 3 filings Jan 10, 2022 to Jan 23, 202456
- Fifth Street Station LLCSC 13G/A, 1 filing Feb 11, 202257
SEC filer profile
How NV5 Global, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNV5 Global, Inc.1
- CIK0001532961
- Employer ID (EIN)45-34580174
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsJanuary 31
- Industry code (SIC)7380 Services-Miscellaneous Business Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address200 South Park Road, Suite 350, Hollywood, FL 330211
- Phone(954) 495-21121
- Shares outstanding67,037,647 as of Jul 30, 202510
- Public float$1.3B as of Jun 29, 20244
- AuditorDeloitte & Touche LLP, Miami, Florida PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceOct 20, 20111
- Filings700 in all: 4 (332), 8-K (125), 10-Q (38), 3 (16), DEFA14A (14), SC 13G/A (14), 10-K (13), 144 (11)1
All 46 form types
CORRESP (11), DEF 14A (11), 4/A (10), UPLOAD (9), 424B5 (8), 8-K/A (8), SC 13G (8), 3/A (6), EFFECT (5), S-8 (5), S-8 POS (5), 424B3 (4), 425 (4), ARS (4), S-3 (4), 10-K/A (3), 25-NSE (3), 5 (3), S-1/A (3), SCHEDULE 13G/A (3), S-3/A (2), S-3ASR (2), 10-Q/A (1), 15-12G (1), 424B2 (1), 424B4 (1), 424B7 (1), 8-A12B (1), D (1), DEFM14A (1), DEFR14A (1), FWP (1), NT 10-Q (1), PRE 14A (1), S-1 (1), S-1MEF (1), S-3DPOS (1), S-3MEF (1)
- Latest filingsAnnual report (10-K) Feb 21, 2025
Quarterly report (10-Q) Aug 4, 2025
Proxy statement (DEF 14A) Apr 29, 2024
Latest 8-K (8-K) Aug 4, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | NVEE | The NASDAQ Stock Market |
From the cover page of the 10-K filed Feb 21, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks NV5 Global, Inc. names in Item 1A of its 10-K filed Feb 21, 2025: 50 risks under these headings, as written.4
- Risks Related to Our Operations
- Risks Related to Our Indebtedness
- Risks Related to Our Acquisition Strategy
- Risks Related to Regulatory Compliance
- Risks Related to Our Common Stock
- The loss of key personnel or our inability to attract and retain qualified personnel could significantly disrupt our business.
- We depend on the continued services of Mr. Dickerson Wright, our Executive Chairman. We cannot assure you that we will be able to retain the services of Mr. Wright.
- Demand from our state and local government and private clients is cyclical and vulnerable to economic downturns. If the economy weakens or client spending declines, our financial results may be impacted.
- A delay in the completion of the budget process of the U.S. government could delay procurement of our services and have an adverse effect on our future revenue.
- California state budgetary constraints may have a material adverse impact on us.
- We derive a majority of our gross revenues from public and quasi-public governmental agencies, and any disruption in government funding or in our relationship with those agencies could adversely affect our business.
- Public sector agencies may modify, curtail, or terminate our contracts at any time prior to their completion and, if we do not replace them, we may suffer a decline in revenue.
The other 43 risks
- Our failure to win new contracts and renew existing contracts with private and public sector clients may adversely affect our business operations and financial results.
- Our inability to win or renew government contracts during regulated procurement processes or preferences granted to certain bidders for which we would not qualify could harm our operations and significantly reduce or eliminate our profits.
- If we fail to complete a project in a timely manner, miss a required performance standard, or otherwise fail to adequately perform on a project, then we may incur a loss on that project, which may reduce or eliminate our overall profitability.
- We depend on a limited number of clients for a significant portion of our business.
- Our industry is highly competitive and we may not be able to compete effectively with competitors.
- Losses under lump-sum contracts may adversely impact our business operations and financial results.
- If our clients delay in paying or fail to pay amounts owed to us, our business operations and financial results may be adversely impacted.
- If we extend a significant portion of our credit to clients in a specific geographic area or industry, we may experience disproportionately high levels of collection risk and nonpayment if those clients are adversely affected by factors particular to their geographic area or industry.
- State and other public employee unions may bring litigation that seeks to limit the ability of public agencies to contract with private firms to perform government employee functions in the area of public improvements. Judicial determinations in favor of these unions could affect our ability to compete for contracts and may have an adverse effect on our financial results.
- Our use of the percentage-of-completion method of revenue recognition requires that we estimate costs to be incurred under long-term contracts. Incorrect estimates could result in a reduction or reversal of previously recorded revenue and profits.
- Our actual business and financial results could differ from the estimates and assumptions that we use to prepare our financial statements, which may significantly reduce or eliminate our profits.
- Our profitability could suffer if we are not able to maintain adequate utilization of our workforce.
- Failure of our sub-consultants to satisfy their obligations to us or other parties, or the inability to maintain these relationships, may adversely impact our business operations and financial results.
- Legal proceedings, investigations, and disputes, including those assumed in acquisitions of other businesses for which we may not be indemnified, could result in substantial monetary penalties and damages.
- Unavailability or cancellation of third-party insurance coverage would increase our overall risk exposure as well as disrupt the management of our business operations.
- Our failure to implement and comply with our safety program may adversely impact our operations.
- Weather conditions and seasonal revenue fluctuations may adversely impact on our financial results.
- We have only a limited ability to protect our intellectual property rights, and our failure to protect our intellectual property rights may adversely affect our competitive position.
- We rely on third-party internal and outsourced software to run our critical accounting, project management, financial information systems, and cloud-based human capital management solutions. As a result, any sudden loss, disruption, or unexpected costs to maintain these systems could significantly increase our operational expense and disrupt the management of our business operations.
- U.S. and global economic uncertainties and specific conditions in the markets we address may adversely impact our operating results.
- Unanticipated catastrophic events may adversely impact our business operations.
- We are highly dependent on information and communications systems. System failures, security breaches of networks or systems could significantly disrupt our business and operations and negatively affect the market price of our common stock.
- Cybersecurity breaches of our systems and information technology could adversely impact our ability to operate.
- Our business activities may require our employees to travel to and work in countries where there are high security risks, which may result in employee death or injury, repatriation costs or other unforeseen costs.
- The rate and manner in which we adopt and utilize innovations and new technologies may affect our service offerings, project delivery, our competitive position, and the Company’s brand.
- Our credit agreement with Bank of America, N.A. contains a number of restrictive covenants which could limit our ability to finance future operations, acquisitions or capital needs or engage in other business activities that may be in our interest.
- Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
- We have made and expect to continue to make acquisitions that could disrupt our operations and adversely impact our business and operating results. Our inability to successfully integrate acquisitions could impede us from realizing all of the benefits of the acquisitions, which could weaken our results of operations.
- If we are not able to integrate acquired businesses successfully, our business could be harmed.
- If we are not able to successfully manage our growth strategy, our business operations and financial results may be adversely affected.
- As a government contractor, we must comply with various procurement laws and regulations and are subject to regular government audits. A violation of any of these laws and regulations or the failure to pass a government audit could result in sanctions, contract termination, forfeiture of profit, harm to our reputation or loss of our status as an eligible government contractor and could reduce our profits and revenue.
- Employee, agent or partner misconduct or our overall failure to comply with laws or regulations may adversely impact our reputation and financial results as well as subject us to criminal and civil enforcement actions.
- Changes in resource management or infrastructure industry laws, regulations, and programs could directly or indirectly reduce the demand for our services which could in turn negatively impact our revenue.
- We may be subject to liabilities under environmental laws and regulations, including liabilities assumed in acquisitions for which we may not be indemnified.
- Current and potential changes in applicable tax laws could increase our tax rate and materially affect our results of operations.
- Our revenue and growth prospects may be harmed if we or our employees are unable to obtain government granted eligibility or other qualifications we and they need to perform services for our customers.
- If our reports and opinions are not in compliance with professional standards and other regulations, we could be subject to monetary damages and penalties.
- Our failure to comply with export laws and regulations may adversely impact our operations.
- We are subject to stringent and evolving U.S. and foreign laws, regulations, rules, contractual obligations, policies and other obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could lead to regulatory investigations or actions; litigation (including class claims) and mass arbitration demands; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse business consequences.
- Our Executive Chairman owns a large percentage of our voting stock, which may allow him to have a significant influence on all matters requiring stockholder approval.
- Provisions in our charter documents and the Delaware General Corporation Law could make it more difficult for a third party to acquire us and could discourage a takeover and adversely affect existing stockholders.
- Future issuances of our common stock pursuant to our equity incentive plan may have a dilutive effect on your investment and resales of such shares may adversely impact the market price of our common stock.
- We currently do not pay dividends and do not intend to pay dividends on our shares of common stock in the foreseeable future and, consequently, your only current opportunity to achieve a return on your investment is if the price of our shares appreciates.
Legal proceedings
From time to time, we are subject to various legal proceedings that arise in the normal course of our business activities. As of the date of this Annual Report on Form 10-K, we are not a party to any litigation the outcome of which, if determined adversely to us, would individually or in the aggregate be reasonably expected to have a material adverse effect on our results of operations or financial position.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARDickerson Wright, Chair
- 18SEC EDGARAlexander A. Hockman, President
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- 21SEC EDGARMichael P. Rama, VP
- 22SEC EDGARAlexander A. Hockman, Executive VP
- 23SEC EDGARDonald C. Alford, Executive VP
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- 25SEC EDGARMaryjo O'Brien, Board member
- 26SEC EDGARRichard Tong, Board member
- 27SEC EDGARBrian C. Freckmann, Board member
- 28SEC EDGARMichael John Renshaw, Board member
- 29SEC EDGARDenise Dickins Veitch, Board member
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- 31SEC EDGARTardan Francois, Board member
- 32SEC EDGARAlexander A. Hockman, Board member
- 33SEC EDGARGerald J. Salontai, Board member
- 34SEC EDGARJeffrey A. Liss, Board member
- 35SEC EDGARWilliam D. Pruitt, Board member
- 36SEC EDGARRichard Tong, General counsel
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- 38SEC EDGARShareholder vote
- 39SEC EDGARExecutive or director change
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- 43SEC EDGARExecutive or director change
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- 45SEC EDGARBylaws or fiscal year changed
- 46SEC EDGARRegulation FD disclosure
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