BROADWIND, INC.
Business
Broadwind manufactures precision structures, equipment and components for power generation, critical infrastructure and specialized industrial applications, primarily serving U.S. markets. Products include wind towers, gearboxes, gearing, pressure-reducing systems, and supply-chain solutions including kitting, assembly and inventory management. The company operates three reportable segments: Heavy Fabrications (wind towers and modular systems), Gearing (gearboxes and precision-machined components across diverse industrial end-markets), and Industrial Solutions (supply-chain management and kitting for gas turbines and wind power).
Summary from 10-K filed 2026-03-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 158 | 143 | 203 | 177 | 146 | |
| Cost of sales | 142 | 122 | 171 | 166 | 140 | |
| Gross profit | 16 | 21 | 33 | 11 | 6 | |
| Selling, general and administrative | 15 | 16 | 21 | 17 | 17 | |
| Gain on sale of Manitowoc industrial fabrication operations | −8 | 0 | — | — | — | |
| Intangible amortization | 661,000 | 661,000 | 664,000 | 725,000 | 733,000 | |
| Total operating expense, net | 7 | 17 | 21 | 17 | 18 | |
| Operating income | 9 | 4 | 11 | −7 | −13 | |
| Interest expense, net | −3 | −3 | −3 | −3 | −1 | |
| Other, net | 64,000 | 79,000 | −48,000 | 130,000 | 7 | |
| Total other expense, net | −3 | −3 | −3 | −3 | 15 | |
| Net income before provision for income taxes | 5 | 1 | 8 | −10 | 3 | |
| Provision for income taxes | 87,000 | 74,000 | 241,000 | 35,000 | 25,000 | |
| NET INCOME | 5 | 1 | 8 | −10 | 3 | |
| Net income (in dollars per share) | 0.23 | 0.05 | 0.36 | −0.48 | 0.15 | |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDINGBASIC (in shares) | 23 | 22 | 21 | 20 | 19 | |
| Net income (in dollars per share) | 0.23 | 0.05 | 0.36 | −0.48 | 0.15 | |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDINGDILUTED (in shares) | 23 | 22 | 21 | 20 | 19 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 456,000 | 8 | 1 | 13 | 852,000 | |
| Accounts receivable, net | 16 | 13 | 19 | 17 | 14 | |
| AMP credit receivable | 3 | 3 | 7 | 0 | — | |
| Contract assets | 900,000 | 836,000 | 1 | 2 | 1 | |
| Inventories | 42 | 40 | 37 | 44 | 33 | |
| Prepaid expenses and other current assets | 3 | 2 | 4 | 3 | 3 | |
| Total current assets | 64 | 67 | 70 | 79 | 52 | |
| Property and equipment, net | 39 | 46 | 47 | 45 | 44 | |
| Operating lease right-of-use assets | 12 | 14 | 16 | 16 | 18 | |
| Intangible assets, net | 741,000 | 1 | 2 | 3 | 3 | |
| Other assets | 441,000 | 606,000 | 630,000 | 839,000 | 585,000 | |
| TOTAL ASSETS | 117 | 128 | 135 | 145 | 118 | |
| Line of credit and current maturities of long-term debt | 5 | 1 | 6 | 1 | 7 | |
| Current portion of finance lease obligations | 2 | 2 | 2 | 2 | 2 | |
| Current portion of operating lease obligations | 2 | 2 | 2 | 2 | 2 | |
| Accounts payable | 17 | 16 | 21 | 26 | 16 | |
| Accrued liabilities | 2 | 4 | 6 | 4 | 4 | |
| Customer deposits | 3 | 18 | 17 | 35 | 12 | |
| Total current liabilities | 32 | 44 | 54 | 70 | 43 | |
| Long-term debt, net of current maturities | 5 | 8 | 6 | 7 | 177,000 | |
| Long-term finance lease obligations, net of current portion | 2 | 4 | 3 | 4 | 2 | |
| Long-term operating lease obligations, net of current portion | 11 | 14 | 16 | 17 | 18 | |
| Other | 4,000 | 15,000 | 15,000 | 26,000 | 167,000 | |
| Total long-term liabilities | 19 | 25 | 26 | 28 | 21 | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value; 45,000,000 shares authorized; 23,584,677 and 22,593,589 shares issued as of December 31, 2025, and December 31, 2024, respectively | 24,000 | 23,000 | 22,000 | 21,000 | 20,000 | |
| Treasury stock, at cost, 273,937 shares as of December 31, 2025 and December 31, 2024 | −2 | −2 | −2 | −2 | −2 | |
| Additional paid-in capital | 403 | 402 | 399 | 397 | 395 | |
| Accumulated deficit | −335 | −340 | −341 | −349 | −339 | |
| Total stockholders equity | 66 | 59 | 56 | 46 | 54 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 117 | 128 | 135 | 145 | 118 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 6 | 7 | 6 | 6 | 6 | |
| Deferred income taxes | −10,000 | 0 | −10,000 | −13,000 | −2,000 | |
| Stock-based compensation | 638,000 | 1 | 877,000 | 944,000 | 2 | |
| Allowance for credit losses | 103,000 | −5,000 | 82,000 | −30,000 | −426,000 | |
| Common stock issued under defined contribution 401(k) plan | 1 | 1 | 1 | 1 | 1 | |
| Gain on sale of assets | −8 | −114,000 | 42,000 | 3,000 | −33,000 | |
| Accounts receivable | −2 | 6 | −2 | −3 | 2 | |
| AMP credit receivable | −31,000 | 5 | −7 | 0 | — | |
| Contract assets | −64,000 | 624,000 | 495,000 | −820,000 | 1 | |
| Inventories | −2 | −3 | 7 | −11 | −7 | |
| Prepaid expenses and other current assets | −259,000 | 1 | −210,000 | −629,000 | 133,000 | |
| Accounts payable | 1 | −4 | −6 | 10 | −2 | |
| Accrued liabilities | −1 | −3 | 3 | 686,000 | −3 | |
| Customer deposits | −15 | 2 | −18 | 22 | −7 | |
| Other non-current assets and liabilities | −2,000 | −48,000 | 175,000 | 135,000 | −66,000 | |
| Net cash (used in) provided by operating activities | −15 | 14 | −7 | 17 | −13 | |
| Purchases of property and equipment | −4 | −4 | −6 | −3 | −2 | |
| Net proceeds from sale of Manitowoc industrial fabrication operations | 13 | 0 | — | — | — | |
| Net proceeds from disposals of property and equipment | 0 | 159,000 | 21,000 | 0 | 33,000 | |
| Net cash provided by (used in) investing activities | 9 | −3 | −6 | −3 | −2 | |
| Proceeds from (payments on) line of credit, net | 4 | −5 | 5 | −6 | 5 | |
| Payments for deferred financing costs | 0 | −20,000 | −48,000 | −452,000 | 0 | |
| Proceeds from long-term debt | 0 | 4 | 1 | 8 | 817,000 | |
| Payments on long-term debt | −3 | −1 | −2 | −863,000 | −161,000 | |
| Principal payments on finance leases | −1 | −2 | −1 | −2 | −2 | |
| Shares withheld for taxes in connection with issuance of restricted stock | −256,000 | −130,000 | −735,000 | −549,000 | −1 | |
| Net cash used in financing activities | −772,000 | −4 | 2 | −2 | 12 | |
| NET (DECREASE) INCREASE IN CASH | −7 | 7 | −12 | 12 | −3 | |
| Interest paid | 1 | 2 | 2 | 2 | 741,000 | |
| Income taxes paid | 164,000 | 192,000 | 17,000 | 23,000 | 102,000 | |
| Equipment additions via finance lease | 0 | 1 | 719,000 | 4 | 3 | |
| Non-cash purchases of property and equipment | 80,000 | 257,000 | 482,000 | 134,000 | 18,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BROADWIND, INC.'s CIK number?
BROADWIND, INC.'s SEC CIK number is 0001120370 (1120370). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BROADWIND, INC.'s SEC filings?
All of BROADWIND, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BROADWIND, INC. last report earnings?
BROADWIND, INC. (BWEN) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-003268). This is BROADWIND, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is BROADWIND, INC.'s most recent earnings 8-K?
BROADWIND, INC.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001171843-26-003268. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BROADWIND, INC.'s latest earnings 8-K →
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