JFB Construction Holdings SEC 10-Q Report

JFB Construction Holdings released its Q3 2025 10-Q report, showing a decline in financial performance. Sales dropped 8.7% to $14.58 million, and gross profit fell 23.3% to $2.47 million. The company reported a net loss of $3.40 million, impacted by increased expenses and reduced revenue. The commercial segment contributed 69.6% of revenue. JFB plans to expand in the U.S., focusing on states with population and GDP growth. The report highlights challenges and strategic initiatives undertaken during the period.

JFB Construction Holdings, a prominent player in the construction industry specializing in commercial, residential, and real estate development projects, has released its Form 10-Q report for the third quarter ending September 30, 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting the challenges and strategic initiatives undertaken during the period.

Financial Highlights

Sales: $14.58 million, a decrease of 8.7% compared to the same period last year due to a decline in new contracts and project commencements.
Gross Profit: $2.47 million, down by 23.3% from the previous year, primarily due to the decrease in revenue.
Income (Loss) from Operations: $(3.63) million, a significant decline from $(0.37) million in the previous year, driven by increased general and administrative expenses.
Net Income (Loss): $(3.40) million, a substantial decrease from $(0.23) million in the prior year, primarily due to increased operating expenses and reduced revenue.
Basic and Diluted Common Share: $(0.37), reflecting the impact of decreased net income on earnings per share.

Business Highlights

Commercial Construction Segment: This segment includes activities related to the construction of commercial properties such as office buildings, retail spaces, and industrial facilities. Revenue is recognized using the cost-to-cost method, reflecting the extent of work performed on contracts. The Commercial segment represented 69.6% of revenue for the period ended September 30, 2025.
Residential Construction Segment: Focuses on the construction of residential properties, including single-family homes and multi-family units. Revenue recognition is based on the cost-to-cost method. The Residential segment represented 20% of revenue for the period ended September 30, 2025.
Real Estate Development Segment: Encompasses the acquisition, development, and sale of real estate properties. Revenue is recognized upon the sale of developed properties. The Real Estate Development segment represented 10.4% of revenue for the period ended September 30, 2025.
Geographical Performance: The company has historically focused on the Southern Atlantic region, including Florida, Georgia, South Carolina, and North Carolina, where it has established a strong reputation and network. Expansion plans include leveraging regional success to expand into other southern and U.S. markets.
Sales Units and Production Volumes: The company has completed projects in 36 states, delivering over 2 million square feet of commercial retail and shopping center space construction and improvements.
Future Outlook: The company plans to expand its market throughout more of the United States, focusing on states with increased population and GDP growth, such as Florida, Texas, and South Carolina. The company intends to leverage its established industry relationships and experience to meet growth objectives and secure larger construction projects.

SEC Filing: JFB Construction Holdings [ JFB ] - 10-Q - Nov. 14, 2025