NV5 Global, Inc. (NVEE): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique de l'ingénierie technique et du conseil, NV5 Global, Inc. (NVEE) apparaît comme une puissance de solutions innovantes, naviguant stratégiquement des infrastructures complexes et des défis environnementaux. En tirant parti d'un modèle commercial sophistiqué qui intègre de manière transparente la technologie de pointe, une expertise professionnelle approfondie et des partenariats stratégiques, NV5 Global transforme les problèmes techniques complexes en solutions rationalisées et durables pour divers clients allant des agences fédérales en développeurs d'infrastructure privés. Cette toile complète du modèle commercial révèle la machinerie complexe derrière le succès de NVEE, offrant un aperçu fascinant de la façon dont une société de conseil technique moderne crée de la valeur, stimule l'innovation et maintient un avantage concurrentiel dans un marché mondial de plus en plus complexe.

NV5 Global, Inc. (NVEE) - Modèle commercial: partenariats clés

Alliances stratégiques avec les sociétés d'ingénierie et de conseil

NV5 Global maintient des partenariats stratégiques avec plusieurs sociétés d'ingénierie et de conseil pour étendre ses capacités de service et sa portée de marché.

Entreprise partenaire	Focus de partenariat	Année établie
Aecom	Collaboration d'ingénierie des infrastructures	2018
Jacobs Engineering Group	Services de conseil environnemental	2019
Stantec Inc.	Développement de projets multidisciplinaires	2020

Partenariats avec les agences gouvernementales et les municipalités

NV5 Global a établi des partenariats critiques avec diverses entités gouvernementales dans plusieurs secteurs.

• Département américain des transports
• Agence fédérale de gestion des urgences (FEMA)
• Départements de protection de l'environnement au niveau de l'État
• Agences de développement des infrastructures municipales

Collaboration avec la technologie et les fournisseurs de logiciels

NV5 Global exploite les partenariats technologiques pour améliorer ses capacités de prestation de services et d'innovation.

Partenaire technologique	Focus technologique	Valeur de collaboration annuelle
Autodesk	Logiciel de conception et d'ingénierie	2,5 millions de dollars
Systèmes Bentley	Plates-formes de conception d'infrastructure	1,8 million de dollars
Esri	Analytique géospatiale	1,2 million de dollars

Coentreprises dans l'infrastructure et les projets environnementaux

NV5 Global s'engage dans des coentreprises stratégiques pour étendre les capacités du projet et la portée géographique.

• Développement d'infrastructures d'énergie renouvelable
• Collaborations du projet de résilience climatique
• Initiatives de réaménagement urbain
• Projets de gestion des ressources en eau

Contribution totale des revenus de la société de personnes: 45,6 millions de dollars en 2023

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: Activités clés

Services d'ingénierie et de conseil

NV5 Global a déclaré 687,4 millions de dollars de revenus totaux pour l'exercice 2022. La société fournit des services complets d'ingénierie et de conseil dans plusieurs secteurs.

Catégorie de service	Contribution des revenus	Clients clés
Ingénierie des infrastructures	42% des revenus totaux	Gouvernements fédéraux, étatiques et municipaux
Services environnementaux	28% des revenus totaux	Secteurs énergétiques, industriels et commerciaux
Technologie géospatiale	18% des revenus totaux	Transport, entreprises de services publics

Conception et évaluation des infrastructures

NV5 Global effectue des évaluations détaillées des infrastructures en mettant l'accent sur:

• Évaluation des infrastructures de transport
• Analyse de l'intégrité structurelle
• Planification de la résilience pour les infrastructures critiques

Compliance et correction environnementale

La société gère des projets environnementaux avec des revenus annuels de services environnementaux d'environ 190,2 millions de dollars en 2022.

Type de service environnemental	Portée du projet
Évaluation de la contamination	Plus de 500 projets par an
Planification de la correction	150+ sites environnementaux complexes

Gestion de projet axée sur la technologie

NV5 Global a investi 12,3 millions de dollars dans le développement de la technologie et des logiciels en 2022 pour améliorer les capacités de gestion de projet.

Solutions d'analyse géospatiale et de données

Le segment de la technologie géospatiale a généré 124,5 millions de dollars de revenus pour l'exercice 2022.

• Services de cartographie lidar
• Arpentage à base de drones
• Traitement avancé des données géospatiales

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: Ressources clés

Main-d'œuvre professionnelle hautement qualifiée

En 2023, NV5 Global a employé 1 984 professionnels dans plusieurs disciplines. La répartition des effectifs comprend:

Catégorie professionnelle	Nombre d'employés
Ingénieurs	872
Scientifiques de l'environnement	436
Chefs de construction	312
Spécialistes techniques	364

Infrastructure technologique avancée

L'infrastructure technologique de NV5 Global comprend:

• Systèmes de gestion de projet basés sur le cloud
• Technologies du système d'information géographique (SIG)
• Plateformes avancées d'analyse de données
• Infrastructure de cybersécurité avec un investissement annuel de 2,3 millions de dollars

Outils de logiciel propriétaire et d'analyse de données

L'entreprise a développé 7 solutions logicielles propriétaires avec un investissement total de recherche et de développement de 4,6 millions de dollars en 2023.

Portfolio de propriété intellectuelle solide

Catégorie IP	Compte total
Brevets enregistrés	14
Demandes de brevet en instance	8
Licences logicielles propriétaires	22

Expérience et expertise approfondies de l'industrie

Expérience professionnelle moyenne au sein de l'organisation: 12,4 ans

• Présence opérationnelle dans 40 États
• Expérience de projet international dans 6 pays
• Servir 15 verticales distinctes de l'industrie

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: propositions de valeur

Solutions techniques et d'ingénierie complètes

NV5 Global a déclaré 938,3 millions de dollars de revenus totaux pour l'exercice 2022. La société fournit des services d'ingénierie dans plusieurs secteurs, notamment les infrastructures, la construction et les marchés environnementaux.

Catégorie de service	Contribution des revenus	Segment de marché
Ingénierie des infrastructures	412,5 millions de dollars	Transport, eau, énergie
Assurance de la qualité de la construction	276,8 millions de dollars	Commercial, résidentiel, industriel
Conseil environnemental	249 millions de dollars	Remédiation, conformité, durabilité

Livraison de projet de haute qualité et innovante

NV5 Global maintient un taux de réussite du projet de 98,6% entre les affectations d'ingénierie complexes. L'entreprise emploie 3 200 professionnels techniques en 2022.

• Temps d'achèvement moyen du projet: 12-16 semaines
• Taux de rétention de la clientèle: 92%
• ISO 9001: Gestion de la qualité certifiée 2015

Expertise d'atténuation des risques et de conformité

NV5 Global a investi 14,2 millions de dollars dans les technologies de conformité et de gestion des risques en 2022.

Zone de conformité	Investissement	Pourcentage de réduction des risques
Conformité réglementaire	6,5 millions de dollars	75%
Gestion des risques technologiques	4,7 millions de dollars	68%
Atténuation des risques environnementaux	3 millions de dollars	82%

Approches de conception rentables et durables

NV5 Global a rapporté 42,3 millions de dollars de revenus de projet liés à la durabilité en 2022.

• Projets de conception verte: 47 achevé en 2022
• Stratégies de réduction de l'empreinte carbone mise en œuvre
• Revenus de conseil en efficacité énergétique: 18,6 millions de dollars

Services de conseil technique multidisciplinaires

NV5 Global opère dans plus de 100 emplacements de bureaux avec diverses capacités techniques.

Domaine de conseil	Nombre de spécialistes	Revenus annuels
Génie civil	752 spécialistes	187,5 millions de dollars
Sciences de l'environnement	456 spécialistes	142,3 millions de dollars
Gestion de la construction	612 spécialistes	216,7 millions de dollars

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: relations avec les clients

Engagements à long terme basés sur les contrats

Les relations clients de NV5 Global sont caractérisées par des engagements à long terme basés sur les contrats dans plusieurs secteurs:

Secteur	Durée du contrat moyen	Plage de valeur du contrat annuel
Infrastructure	3-5 ans	$500,000 - $5,000,000
Environnement	2-4 ans	$250,000 - $2,500,000
Gestion de la construction	1 à 3 ans	$750,000 - $7,500,000

Gestion de compte dédiée

NV5 Global implémente une approche de gestion des comptes structurés:

• Gestionnaires de compte de niveau supérieur dédié pour les clients de haut niveau
• Des équipes spécialisées alignées sur des verticales spécifiques de l'industrie
• Réunions de révision des entreprises trimestrielles

Développement de solutions personnalisées

Mesures de développement de solutions spécifiques au client:

Type de solution	Taux de personnalisation	Temps de développement moyen
Conseil technique	87%	6-12 semaines
Services d'ingénierie	92%	8-16 semaines

Support technique continu et consultation

Détails de l'infrastructure de support:

• Disponibilité du support technique 24/7
• Temps de réponse: Moins de 2 heures pour les problèmes critiques
• Plusieurs canaux de communication (téléphone, e-mail, portail en ligne)

Interactions client axées sur les performances

Suivi des mesures de performance:

Indicateur de performance	Cible	Réalisation actuelle
Taux de satisfaction du client	90%	93.5%
Efficacité de livraison de projet	95%	96.2%
Répéter le taux d'entreprise	80%	85.3%

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: canaux

Équipe de vente directe

Au quatrième trimestre 2023, l'équipe de vente directe de NV5 Global comprend 412 représentants des ventes professionnelles dans plusieurs régions géographiques. L'équipe a généré 537,4 millions de dollars de revenus totaux pour l'exercice 2023.

Métrique de l'équipe de vente	2023 données
Représentants des ventes totales	412
Revenu total généré	537,4 millions de dollars
Revenu moyen par représentant	1,305 million de dollars

Site Web d'entreprise et plateformes en ligne

Les canaux numériques de NV5 Global incluent:

• Site Web d'entreprise: www.nv5.com
• Page de l'entreprise LinkedIn à 22 463 abonnés
• Portefeuille de projets en ligne présentant 3 217 projets terminés

Conférences et salons commerciaux de l'industrie

En 2023, NV5 Global a participé à 47 conférences de l'industrie avec un engagement estimé à 6 825 clients et partenaires potentiels.

Participation de la conférence	2023 statistiques
Les conférences totales ont assisté	47
Engagements potentiels du client	6,825

Réseautage professionnel

Les canaux de réseautage professionnels comprennent:

• Adhésion du Conseil américain des sociétés d'ingénierie (ACEC)
• Ingénierie de nouvelles-records (ERSC) entreprise de premier plan
• Associations d'ingénierie professionnelle dans 15 États différents

Références et répéter les réseaux commerciaux

Au cours de l'exercice 2023, NV5 Global a réalisé:

• 62% des revenus de clients répétés
• 38% des nouvelles entreprises provenant de références professionnelles
• Taux de rétention moyen de la clientèle de 87,3%

Métriques du réseau de référence	2023 données
Répéter les revenus du client	62%
Nouvelle entreprise basée sur la référence	38%
Taux de rétention des clients	87.3%

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: segments de clientèle

Agences gouvernementales fédérales

NV5 Global dessert plusieurs agences fédérales ayant des services d'infrastructure et d'ingénierie. Au cours de l'exercice 2022, les contrats du gouvernement fédéral ont représenté 278,3 millions de dollars des revenus totaux de la société.

Agence fédérale	Plage de valeurs de contrat
Ministère de la Défense	85 à 95 millions de dollars par an
Département de l'énergie	45 à 55 millions de dollars par an
NASA	35 à 40 millions de dollars par an

Municipalités d'État et locales

Les contrats du gouvernement national et local ont généré environ 192,6 millions de dollars de revenus pour NV5 Global en 2022.

• Projets de planification des infrastructures
• Ingénierie des transports
• Évaluations des installations municipales

Développeurs d'infrastructures privées

Les contrats de développement des infrastructures privés ont représenté 156,4 millions de dollars en revenus de NV5 Global en 2022.

Secteur du développement	Volume de contrat annuel
Développements résidentiels	65 à 75 millions de dollars
Immobilier commercial	50-60 millions de dollars
Projets à usage mixte	30 à 40 millions de dollars

Entreprises d'énergie et de services publics

Les contrats du secteur de l'énergie représentaient 224,7 millions de dollars des revenus de NV5 Global en 2022.

• Ingénierie du projet d'énergie renouvelable
• Évaluation des infrastructures de grille
• Conception de l'installation de production d'électricité

Clients commerciaux et industriels

Le segment commercial et industriel a généré 187,5 millions de dollars de revenus pour NV5 Global au cours de l'exercice 2022.

Segment de l'industrie	Valeur du contrat annuel
Fabrication	65 à 75 millions de dollars
Installations technologiques	50-60 millions de dollars
Infrastructure de soins de santé	40 à 50 millions de dollars

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: Structure des coûts

Acquisition professionnelle du travail et des talents

Au cours de l'exercice 2022, NV5 Global a déclaré un coût total de personnel de 446,6 millions de dollars. La rupture de la rémunération des employés de l'entreprise comprend:

Catégorie de coûts	Montant ($)
Salaires et salaires	382,4 millions de dollars
Avantages sociaux	64,2 millions de dollars

Technologie et investissements logiciels

L'investissement technologique pour NV5 Global en 2022 a totalisé 18,3 millions de dollars, avec des domaines de dépenses clés, notamment:

• Infrastructure cloud
• Systèmes de cybersécurité
• Plateformes logicielles d'entreprise
• Outils d'analyse de données

Frais de recherche et de développement

Les dépenses de R&D pour 2022 étaient de 12,7 millions de dollars, ce qui représente 2,8% des revenus totaux.

Marketing et développement commercial

Les frais de marketing et de développement des entreprises pour 2022 ont atteint 24,5 millions de dollars, notamment:

Catégorie de dépenses de marketing	Montant ($)
Marketing numérique	8,6 millions de dollars
Conférences et parrainages d'événements	5,9 millions de dollars
Personnel de développement commercial	10,0 millions de dollars

Frais généraux et infrastructures opérationnelles

Les frais généraux opérationnels pour 2022 ont totalisé 57,4 millions de dollars, englobant:

• Bail et installations de bureau: 22,6 millions de dollars
• Services publics et maintenance: 8,3 millions de dollars
• Assurance et conformité: 12,5 millions de dollars
• Support administratif: 14,0 millions de dollars

Structure totale des coûts pour 2022: 559,5 millions de dollars

NV5 Global, Inc. (NVEE) - Modèle d'entreprise: Strots de revenus

Frais de conseil en génie

Au cours de l'exercice 2022, NV5 Global a déclaré des revenus totaux de 692,7 millions de dollars, les frais de conseil en ingénierie représentant une partie importante de ces revenus.

Catégorie de revenus	Montant (2022)	Pourcentage du total des revenus
Segment des infrastructures	350,2 millions de dollars	50.6%
Segment environnemental	192,5 millions de dollars	27.8%
Bâtiment, technologie & Segment des sciences	149,9 millions de dollars	21.6%

Revenus contractuels basés sur les projets

NV5 Global génère des revenus substantiels à partir de contrats basés sur des projets dans plusieurs secteurs.

• Projets d'infrastructure gouvernementale
• Initiatives de développement du secteur privé
• Projets d'énergie et d'énergie renouvelable
• Contrats d'infrastructure de transport

Contrats de services techniques récurrents

En 2022, les contrats de service technique récurrent ont contribué environ 35% de la source de revenus totale de la société.

Type de contrat	Revenus récurrents annuels
Contrats gouvernementaux à long terme	242,4 millions de dollars
Accords de maintenance du secteur privé	84,7 millions de dollars

Licence de technologie et de logiciels

NV5 Global a rapporté des revenus de licence technologique de 18,3 millions de dollars au cours de l'exercice 2022.

Modèles de rémunération basés sur les performances

La rémunération basée sur la performance représentait environ 12% du total des revenus en 2022, totalisant 83,1 millions de dollars.

Métrique de performance	Valeur de compensation
Bonus d'achèvement du projet réussi	42,6 millions de dollars
Incitations d'efficacité et d'économie	40,5 millions de dollars

NV5 Global, Inc. (NVEE) - Canvas Business Model: Value Propositions

You're looking at the core reasons why NV5 Global, Inc. commands its market position as of late 2025. The value they deliver isn't just in engineering drawings; it's in the stability and technological edge they bring to essential infrastructure projects. This is about de-risking projects for clients by offering services that are both mandated and increasingly tech-driven.

Recession-resilient revenue from mandated, non-discretionary services

NV5 Global, Inc. anchors its model on services that clients, especially government and utilities, simply must procure, regardless of the economic climate. This creates a highly predictable revenue base. For instance, the Infrastructure Support team showed strong resilience, growing 12% year-over-year in Q1 2025, driven by steady demand from utilities and transportation departments. To be fair, this stability is what makes the company an attractive target for consolidation. Approximately half of the Geospatial segment's revenue is tied directly to federal contracts in areas like defense and public safety, which are budget priorities.

Comprehensive, single-source solutions for the built environment

NV5 Global, Inc. aims to be the one-stop shop for planning, designing, building, testing, certifying, and operating critical assets. This reduces vendor management complexity for clients across their six main verticals, including infrastructure, buildings, and geospatial services. The company's backlog entering the second half of 2025 stood strong at $906 million, representing 88% of the low-end of their full-year revenue guidance, showing high project visibility.

Expertise in high-growth sectors like data center commissioning and utility grid hardening

The focus on high-growth, capital-intensive areas provides a significant tailwind. The Buildings & Technology segment, which houses data center and clean energy services, expanded by 17% year-over-year in Q1 2025. This is a clear indicator of capturing demand in the AI and cloud computing build-out. The company secured contracts worth $18 million for data center design and commissioning as recently as March 2025. This strategic pivot away from purely cyclical work is key to their margin story.

High-margin, tech-enabled services, including a digital twin offering

The integration of technology is moving NV5 Global, Inc. up the value chain toward higher-margin, recurring revenue. Their digital twin services, used in building management, are commissioned on a subscription basis. This tech-enabled focus is showing up in the numbers; Q1 2025 saw geospatial software revenues growing at double-digit rates with improved margins. The company is actively targeting a 150 basis point increase in its adjusted EBITDA margin for the full year 2025, building on a Q1 2025 gross margin of 52.6%.

Technical excellence and conformity assessment for regulatory compliance

The Testing, Inspection, and Certification (TIC) services are inherently linked to regulatory mandates, reinforcing the recession resilience. This is the core of their conformity assessment value. The company's overall financial targets for 2025 reflect this focus on high-value, compliance-driven work, projecting full-year gross revenues between $1.026 billion and $1.045 billion.

Here's a quick look at the financial metrics supporting these value propositions as of the first quarter of 2025:

Metric	Value (Q1 2025 or Guidance)	Context
Gross Revenue (Q1 2025)	$234.0 million	Represents a 10% increase year-over-year.
Organic Growth (Q1 2025)	5%	Contribution to the overall revenue increase.
Gross Margin (Q1 2025)	52.6%	Consistent margin supporting high-value service delivery.
Adjusted EBITDA (Q1 2025)	$29.7 million	Underpins the push for margin expansion.
FY 2025 Revenue Guidance	$1.026B to $1.045B	The target range for the full fiscal year.
FY 2025 Adjusted EPS Guidance	$1.27 to $1.37 per share	Reflects expected margin improvement and efficiency.
FY 2025 EBITDA Margin Target	150 basis points increase	Goal for margin expansion over the 2024 rate.

The value proposition is further cemented by the operational efficiency gains NV5 Global, Inc. is realizing:

• Cash flows from operations in Q1 2025 totaled $38.4 million, a 96% increase year-over-year.
• Targeting 60% conversion of adjusted EBITDA into unlevered free cash flow for FY 2025.
• Reduced net leverage to 1.3x as of March 29, 2025.
• Launched a cross-selling program in Q2 2025 with an annual revenue target of $40 million.
• Achieved 129% conversion rate of adjusted EBITDA to cash from operations in Q1 2025.

Honestly, the combination of mandated work and high-growth tech adoption is what separates their value from pure-play engineering firms. Finance: draft Q2 2025 cash flow projection incorporating the backlog conversion rate by Monday.

NV5 Global, Inc. (NVEE) - Canvas Business Model: Customer Relationships

You're looking at how NV5 Global, Inc. keeps its clients close and growing that revenue stream. It's about embedding themselves into essential, non-discretionary work, which is why they call themselves a safe port in a storm of uncertainty.

Dedicated account managers for long-term public sector contracts

NV5 Global, Inc. structures its relationships to secure long-term, mandated work, especially with government entities. This approach is evidenced by securing multi-year agreements, such as the five-year, $5 million contract with the Florida Department of Transportation (FDOT) for geotechnical engineering and materials testing services. The stability from these government and utility relationships is what underpins their overall financial health, reflected in a strong project backlog of $906 million as of the first quarter of 2025.

Proactive cross-selling to achieve a $40 million cross-selling revenue target

A major focus for 2025 is actively selling across service lines to existing clients. NV5 Global, Inc. introduced a new cross-selling program in the second quarter of 2025 with a specific annual revenue target of $40 million. This initiative is a direct result of their vertically-structured model, designed to prevent clients from being siloed by geography. Success in this area helps drive the overall organic growth target for 2025, which management reaffirmed to be between 5% and 9%.

Direct, high-touch relationships with key utility and federal clients

The firm cultivates deep relationships with clients in high-growth, essential sectors. For instance, NV5 Global, Inc. has been awarded $18 million in recent design and commissioning contracts for data centers across the U.S. and Asia in the first quarter of 2025, indicating high-touch engagement with key technology infrastructure players. Furthermore, the Infrastructure segment is seeing robust activity from investments in utilities, transportation, and water infrastructure, particularly in the Northeast and Southeast regions.

The types of high-value client engagements include:

• Direct work with major utility clients for wildfire mitigation, securing $9 million in recent contracts.
• Serving U.S. Federal, state, and local governments.
• Engaging with private sector clients like universities and hospitals.

Maintaining entrepreneurial culture within acquired firms for client continuity

Client continuity is supported by integrating new firms while preserving their operational spirit. NV5 Global, Inc. executed three acquisitions in the first quarter of 2025 alone-Herman Cx, CRS Survey, and Group Delta-to expand capabilities in areas like data center commissioning and geospatial services. This 'buy-and-build' strategy is intended to scale the platform while keeping the specialized, entrepreneurial culture intact, which helps retain the client base of the acquired entities.

Providing expert witness and forensic engineering services

NV5 Global, Inc. provides specialized, high-value consulting that goes beyond standard design. This includes offering clarity and confidence through engineering judgments in complex fire safety situations, which is critical when real-world scenarios don't fit standard codes. This type of specialized, expert service is part of the technology-enabled solutions that are key drivers for the company's projected 2025 gross revenues between $1.026 billion and $1.045 billion.

Here's a quick look at the financial context supporting these relationship-driven growth initiatives as of the first half of 2025:

Metric	Value (as of Q1 2025 or Guidance)	Context
Cross-Selling Revenue Target (2025)	$40 million	Incremental revenue goal from existing clients
Project Backlog	$906 million	Forward revenue visibility as of Q1 2025
Organic Growth Target (2025)	5% to 9%	Targeted growth from existing business base
Data Center Contract Awards (Q1 2025)	$18 million	Value of recent high-touch client awards in a key vertical
Q1 2025 Gross Revenue	$234.0 million	Revenue achieved in the first quarter of 2025

Finance: draft 13-week cash view by Friday.

NV5 Global, Inc. (NVEE) - Canvas Business Model: Channels

You're looking at how NV5 Global, Inc. gets its services-from massive federal mapping projects to local engineering reviews-into the hands of clients. It's a multi-pronged approach that mixes boots-on-the-ground presence with specialized digital delivery.

Direct sales teams for large-scale infrastructure and government contracts

The direct sales channel focuses on securing substantial, multi-year government work. This is where you see the big contract wins that provide revenue stability. For instance, NV5 Global, Inc. was selected by the National Oceanic and Atmospheric Administration (NOAA) in June 2025 for a five-year, multiple award contract valued at up to $250 million to advance national shoreline mapping. Also, in January 2025, the company was selected by the National Geospatial-Intelligence Agency as one of the vendors for the $200 million Luno B commercial data indefinite delivery, indefinite quantity contract. These large government contracts are key to securing the projected full-year 2025 gross revenues between $1.26 billion and $1.45 billion.

Network of over 100 local and regional offices for service delivery

Service delivery relies heavily on a broad physical footprint. NV5 Global, Inc. operates out of more than 100 offices nationwide and abroad. This local presence helps them serve state and local government clients, as well as private sector clients needing on-site testing, inspection, and engineering support. The strategy is to use local market expertise to win and execute regional projects, which feeds into the overall revenue picture, with TTM revenue reported around $0.98 Billion USD as of November 2025.

Digital platforms for subscription-based geospatial data and software

The Geospatial segment is a primary channel for digital delivery, often involving recurring revenue from software and data access. In the first quarter of 2025, this segment generated gross revenue of $63 million. Management noted expectations for growth in asset management applications, including recurring revenue from software within this segment. This channel supports clients who need ongoing access to high-quality geospatial data, such as the utility clients receiving support for wildfire mitigation under a recent $9 million contract award.

The breakdown of segment revenue provides context for where these channels are most active, even using the most detailed figures available from the prior year's segment reporting:

Segment	Q2 2024 Gross Revenue (USD)	Primary Channel Focus	2025 Growth Driver Example
Infrastructure (INF)	$101 million	Direct Sales, Local Offices	Robust investments in utilities, transportation, and water infrastructure.
Geospatial Services (GEO)	$72 million	Digital Platforms, Government Contracts	Asset management applications and federal contract awards.
Buildings & Technology (BTS)	$64 million	Direct Sales, Integrated Business Development	Data center commissioning and clean energy consulting.

Investor relations and public communications for capital market access

While not a client-facing channel, the communication with capital markets is a critical channel for funding growth and acquisitions. As of July 30, 2025, NV5 Global, Inc.'s market capitalization stood at $1.51B, supported by approximately 67M shares outstanding. Public communications reinforce the company's position as a provider of mandated services, which management views as a 'safe port in a storm of uncertainty.' The company is targeting adjusted EPS between $1.27 and $1.37 for the full year 2025.

Integrated business development across all three operating segments

A key channel strategy is forcing integration and cross-selling between the established segments. NV5 Global, Inc. has set a cross-selling revenue target of $40 million over the next 12 months, with the program launching in Q2 2025. This is supported by recent acquisitions that have already contributed to cross-selling opportunities. The Infrastructure and Buildings and Technology segments showed strong Q1 2025 organic growth, with Infrastructure & Buildings growing by 12% and Technology growing by 17% year-over-year. You see this integration in action when new acquisitions contribute to organic growth acceleration.

Finance: draft 13-week cash view by Friday.

NV5 Global, Inc. (NVEE) - Canvas Business Model: Customer Segments

You're looking at the client base for NV5 Global, Inc. as of late 2025. Honestly, the company's structure shows a heavy reliance on stable, mandated work, which is what keeps the lights on, so to speak.

The overall client roster is quite broad, serving approximately 11,300 clients as of the 2024 reporting period. Still, client concentration is a factor you need to watch; the ten largest clients accounted for about 25% of 2024 gross revenues. For context, NV5 Global, Inc. reported gross revenues of $941.3 million for the full year 2024. Management is projecting 2025 gross revenues to fall between $1.026 billion and $1.045 billion. The company operates out of over 100 locations in the U.S. and internationally.

The customer base is best understood through the lens of the company's three operating segments, which give us a clear picture of where the revenue is coming from. Here's the quick math on the 2024 revenue breakdown by segment, which directly reflects the primary customer types:

Segment	2024A Revenue Percentage	Primary Customer Focus Implied
Infrastructure Support Services	43%	Public and quasi-public sector (DOTs, utilities, water infrastructure)
Geospatial Solutions	30%	Federal, state, and local governments; defense and intelligence
Buildings & Technology	27%	Commercial/Corporate (Data Centers, Healthcare) and Private Developers

This table shows that roughly 73% of the 2024 revenue came from segments heavily tied to government and essential infrastructure spending, which management views as resilient.

Public and quasi-public sector clients form a bedrock of the business. This group includes state Department of Transportations (DOTs), municipalities, and utility providers. The Infrastructure Support segment, which generated $101 million in Q1 2025 gross revenue, is driven by this base, focusing on utility, transportation, and water infrastructure services.

Federal defense and intelligence agencies are a key target within the Geospatial Solutions segment. NV5 Global, Inc. has specifically made moves to enhance its in-house capability for LiDAR, topobathy, and sonar services tailored for the federal government and offshore wind applications, which serve these defense and intelligence needs.

Commercial and corporate clients are primarily served through the Buildings & Technology segment. This area is showing the fastest growth, expanding by 17% year-over-year in Q1 2025. Within this segment, the customer mix for revenue is quite specific:

• Building systems engineering makes up 43% of segment revenue.
• Environmental services account for 30% of segment revenue.
• Data centers represent 15% of segment revenue.
• Clean energy conversion accounts for 12% of segment revenue.

Data centers, in particular, are noted as an increasingly important growth driver for NV5 Global, Inc.

Private developers and construction firms are integrated into the client base across multiple segments, particularly through construction quality assurance and building systems engineering services. The company also recently acquired a firm specializing in facility technologies for public safety infrastructure, which suggests an expansion into specific private/public partnership or municipal-adjacent commercial work in the Northeast.

The company's focus on mandated services, like testing, inspection, and certification (TIC), means that a significant portion of the client base requires services that are not easily delayed by economic uncertainty. For instance, in Q1 2025, management noted no delays or cancellations observed in funded projects, which speaks directly to the stability of the public sector customer commitments.

NV5 Global, Inc. (NVEE) - Canvas Business Model: Cost Structure

You're looking at the expense side of NV5 Global, Inc.'s operations as of late 2025, which is heavily influenced by its growth-by-acquisition strategy and its reliance on highly skilled people. Honestly, for a professional services firm, people costs will always dominate, but here, debt service adds another layer of fixed commitment.

High personnel costs for specialized engineering and technical staff are the primary driver of the cost base. The company employed 5,024 total employees as of July 30, 2025. This headcount supports their service delivery across all verticals. For the three months ended March 29, 2025, the overall Operating Expenses rose to $118.8 million, a 10.6% increase year-over-year, which the company specifically noted was influenced by higher payroll costs.

The cost structure includes significant amortization and interest expense from acquisition debt. This reflects the capital structure used to fund the ongoing M&A pipeline. For instance, in the first quarter of 2025, Interest Expense was reported at $3.5 million (or $3,545 thousand), down from $4.2 million (or $4,191 thousand) in the prior year period. Furthermore, the drop in Income from Operations for the full year 2024 to $43.4 million (from $60.0 million in 2023) was attributed in part to increased amortization expenses.

General and administrative (G&A) costs for centralized shared services are managed to maintain scalability. NV5 Global, Inc. operates all its offices using a shared services platform covering human resources, marketing, finance, IT, and legal functions. While this structure aims for efficiency, G&A costs contributed to the pressure on profitability, as evidenced by the full-year 2024 Income from Operations decline, which was also cited as being due to increased general and administrative expenses.

Costs related to strategic acquisitions and earn-out fair value adjustments are a recurring feature. In the first quarter of 2025 alone, the company completed three acquisitions with a Total Consideration paid of $9,397 thousand. This purchase price results in the recognition of Goodwill, measured as the excess consideration over the fair value of net assets acquired. The balance sheet also reflects contingent earn-out liabilities, which were $670 thousand as of March 29, 2025.

Finally, there are the operating expenses for maintaining over 100 physical offices and laboratories across the U.S. and abroad. These physical locations house the technical staff and specialized equipment necessary to deliver their engineering and consulting solutions. The company's Gross Revenues for the trailing twelve months (TTM) ending in 2025 were approximately $0.98 Billion USD.

Here's a quick look at the cost-related components from the first quarter of 2025 compared to the same period in 2024 (in thousands):

Cost Component (in thousands)	Three Months Ended March 29, 2025	Three Months Ended March 30, 2024
Direct Costs	$110,844	$100,818
Operating Expenses (Includes G&A, SG&A, Amortization)	$118,826	$107,439
Interest Expense	$3,545	$4,191
Total Consideration for Acquisitions	$9,397	$86,852

You should keep an eye on the direct costs, which are primarily personnel-related, as they represent the largest single expense category before overhead. The gross profit margin held steady at 52.6% for both Q1 2025 and Q1 2024, suggesting cost control on direct labor was effective even with rising payrolls.

The components driving the increase in Direct Costs include:

• Direct salaries and wages increased as a percentage of gross revenues.
• Other direct costs decreased as a percentage of gross revenues.
• Sub-consultant services increased as a percentage of gross revenues by 1.9%.

NV5 Global, Inc. (NVEE) - Canvas Business Model: Revenue Streams

You're looking at how NV5 Global, Inc. actually brings in the money, which is key to understanding its valuation. The revenue streams are heavily weighted toward essential, non-discretionary services, which is why management calls the firm a safe port in economic uncertainty.

The full-year 2025 projection for gross revenues is set between $1.026 billion and $1.045 billion. This guidance was reaffirmed after a strong first quarter.

The revenue base is clearly segmented, with the Infrastructure Support category being the largest contributor based on early 2025 performance. Here is the breakdown of the Q1 2025 gross revenue contribution by segment:

Revenue Segment	Q1 2025 Gross Revenue Amount	Q1 2025 Revenue Percentage
Infrastructure Support	$101 million	43.2%
Buildings & Technology	$70 million	29.9%
Geospatial Solutions	$63 million	26.9%

The Infrastructure Support segment is projected to be the largest, with its Q1 2025 revenue of $101 million representing 43.2% of the total Q1 gross revenue of $234.0 million. This stream is driven by mandated work like utility, transportation, and water infrastructure services, and it saw a 12% year-over-year growth in Q1 2025.

Fees from Buildings & Technology services accounted for $70 million in Q1 2025, or 29.9% of the total. This segment includes high-growth areas like data center commissioning, which itself grew to represent 15% of the segment's revenue. The segment posted a strong 17% year-over-year growth in Q1 2025.

Geospatial Solutions revenue, which was $63 million in Q1 2025, comes from specialized services. This stream is explicitly tied to:

• Federal contracts, though these experienced temporary delays early in the year.
• Utility asset management applications, including coastal infrastructure work.
• The expectation of accelerated growth later in 2025 as federal awards resolve.

NV5 Global, Inc. is also building out its more predictable income base. You should note the focus on recurring revenue streams, which are essential for smoothing out the lumpiness of large project fees. This recurring component comes from:

• Subscription-based software offerings within the Geospatial segment.
• Conformity assessment services.

The company is actively targeting 5% to 9% organic growth for the full year 2025, on top of the revenue generated by its acquisition strategy. Finance: draft 13-week cash view by Friday.