Revenue
$18.6M
▲ 50% YoY
Gross Margin
44.5%
▲ +3.4pp
EBITDA
$4.43M
▲ 23.8%
Net Income
$3.10M
▲ 16.6%
Cash
$2.10M
▲ +68%
HIGH3 subcontractors may be misclassified as 1099 — IRS penalty exposure$85,000
HIGHCREW-G material waste factor at 13% (avg 6%) — investigate theft$38,000
WATCHLiberty Mutual avg claim cycle 72 days — slowest carrier$320,400
Revenue Growth Trajectory3-YEAR
Metric202420252026Trend
Total Revenue$8,500,000$12,400,000$18,600,000
Gross Profit$3,317,300$5,095,280$8,278,960
EBITDA$1,298,300$2,307,280$4,428,960
Net Income$833,850$1,557,960$3,095,220
Gross Margin %39.0%41.1%44.5%
EBITDA Margin %15.3%18.6%23.8%
Net Margin %9.8%12.6%16.6%
Revenue Mix2026
$18.6M
Revenue
Residential 38%
Commercial 25%
Insurance 22%
Solar 10%
Service 5%
Operational KPIs
Crews
11
Target: 12
Sq/Day/Crew
12.5
Target: 14
Warranty
1.8%
<2% PASS
DSO
38d
-7d vs '25
LTV:CAC
6.7:1
Excellent
Equip Util
82%
>80% PASS
Valuation Snapshot
Normalized EBITDA2026
$4.85M
$4.43M + $417K add-backs
EV RangeEV/EBITDA
Low (5x)$24.3M
Mid (6.5x)$31.5M
High (8x)$38.8M
Tax SavingsIRS-COMPLIANT
$478K+
15 strategies · §179 + S-Corp + QBI
Consolidated P&L3-YEAR
Line Item202420252026%Rev
REVENUE
Residential Roofing$3,825,000$5,208,000$7,068,00038.0%
Commercial Roofing$1,700,000$2,728,000$4,650,00025.0%
Insurance Restoration$2,125,000$2,976,000$4,092,00022.0%
Solar Installation$425,000$868,000$1,860,00010.0%
Service & Repair$425,000$620,000$930,0005.0%
TOTAL REVENUE$8,500,000$12,400,000$18,600,000100%
COST OF GOODS SOLD
Materials$2,142,000$3,009,600$4,283,00023.0%
Direct Labor + Burden$1,723,200$2,373,120$3,341,04018.0%
Subcontractors$680,000$992,000$1,302,0007.0%
Equip + Waste + Permits$637,500$930,000$1,395,0007.5%
TOTAL COGS$5,182,700$7,304,720$10,321,04055.5%
GROSS PROFIT$3,317,300$5,095,280$8,278,96044.5%
OPERATING EXPENSES
Salaries & Comp$905,000$1,240,000$1,710,0009.2%
Marketing & Leads$360,000$540,000$810,0004.4%
Insurance + Rent + Fleet$513,500$670,000$883,0004.7%
D&A + Software + Prof Fees$420,500$578,000$767,0004.1%
TOTAL OPEX$2,199,000$3,028,000$4,170,00022.4%
EBITDA$1,298,300$2,307,280$4,428,96023.8%
NET INCOME$833,850$1,557,960$3,095,22016.6%
Balance Sheet Ratios
Current Ratio1.93x
Quick Ratio1.42x
Debt-to-Equity0.84x
Working Capital$1,203,500
Cash Flow Summary
Operating CF$1,248,000
Investing CF($478,000)
Financing CF($269,000)
Free Cash Flow$770,000
Cash Conversion Cycle
DSO38 days
DIO8 days
DPO32 days
CCC14 days
Crew Profitability — YTD 20268 CREWS
CrewForemanRevenueCostGPGP%Sq/DPerf
CREW-ACarlos Mendez$1,420,000$824,000$596,00042.0%14.2
CREW-ERyan O'Brien$1,350,000$790,000$560,00041.5%13.8
CREW-BJake Thompson$1,280,000$766,000$514,00040.2%12.8
CREW-CMiguel Santos$1,180,000$688,000$492,00041.7%13.5
CREW-FAntonio Rivera$1,150,000$698,000$452,00039.3%12.1
CREW-HMarcus Johnson$1,080,000$652,000$428,00039.6%11.9
CREW-DDerek Williams$980,000$612,000$368,00037.6%11.2
CREW-GBrandon Lee$920,000$576,000$344,00037.4%10.5
Insurance Carrier Performance9 CARRIERS
CarrierClaimsRevenueSuppl%CycleAppr%GP%Score
USAA28$627,20078%42d92%42.0%
A+
State Farm42$831,60072%48d88%40.0%
A
Erie8$172,00075%45d90%42.3%
A
Farmers15$288,00070%55d86%40.0%
B+
Allstate35$647,50065%62d82%38.1%
B+
Travelers22$442,20068%58d84%38.0%
B
Nationwide12$226,80064%65d80%37.0%
B-
Liberty Mutual18$320,40061%72d78%35.0%
C+
Other20$350,00058%78d72%34.0%
C
AR Aging SummaryDSO: 38 DAYS
Current
64%
31-60d
21%
61-90d
10%
91-120d
3%
>120d
2%
Tax Optimization — 2026$478K+ SAVED
StrategyIRCEligibleBenefitStatus
Section 179 — Trucks§179$280,000$103,600CLAIMED
Section 179 — Equip+SW§179$137,000$50,690CLAIMED
MACRS Fleet§168$185,000$68,450AUTO
S-Corp Salary Opt§3121$175,000$26,775ACTIVE
QBI Deduction§199A$600,000$44,400AUTO
Per Diem — CrewsRev Proc$171,600$63,492ACTIVE
Mileage — Fleet§274$126,000$46,620TRACKED
Retirement SEP-IRA§408$69,000$25,530CONTRIB
Health Insurance§162(l)$24,000$8,880CLAIMED
R&D Credit§41$45,000$2,925PENDING
Bonus Depreciation§168(k)$75,000$5,550PENDING
Fuel Tax Credit§34$8,500$8,500FILED
IRS Audit Triggers — 26 Red FlagsELEVATED
#TriggerStatusRiskScoreFix
4Worker misclassification3 subs fail testHIGH8Reclassify now
11Related-party txnsLLC $11K/moELEV7FMV appraisal
1Revenue >$10M$18.6MELEV6Document all
8Vehicle deductions$406KELEV6GPS + logs
9Per diem to crews$171KELEV6Doc >50mi
26R&D credit claim$45K pendingELEV6Qualified firm
2Deduction ratio68% grossMED5Substantiate
5S-Corp comp$225K/$400K+MED5Doc comps
6Large §179$417KMED5Purchase docs
12Revenue growth50% YoYMED5Rev rec policy
Fraud Detection$223K AT RISK
1099 misclassification$85,000
CREW-G waste 13%$38,000
Weekend deliveries$4,800
Duplicate invoices$3,400
Estimator #3 drift$45,000
OT abuse CREW-D$28,000
ABC Supply +8%$12,000
Audit Risk Score
103
out of 260 · ELEVATED
LOWELEVATEDHIGHCRITICAL
5-Year ProjectionsBASE CASE
Metric20262027202820292030CAGR
Revenue$18.6M$25.1M$31.4M$37.7M$43.3M23.5%
Growth50%35%25%20%15%
EBITDA$4.43M$5.52M$7.54M$9.81M$12.13M28.7%
EBITDA %23.8%22.0%24.0%26.0%28.0%
Net Income$3.10M$3.86M$5.32M$6.97M$8.70M29.5%
Headcount658298112125
Rev/Emp$286K$306K$320K$336K$347K
Scenario — 2027 EV@ 6.5x
BearBaseBull
Growth20%35%50%
EBITDA %18%22%26%
Revenue$22.3M$25.1M$27.9M
EBITDA$4.02M$5.52M$7.25M
EV @ 6.5x$26.1M$35.9M$47.2M
Public CompsCOMPS
CompanyEV/EBITDAEV/Rev
Owens Corning8.5x2.2x
Beacon Roofing7.8x0.8x
Installed Building9.2x1.4x
Carlisle10.1x3.1x
Median8.85x1.8x
Acquisition Readiness36 / 50
Clean Financials
7/10
Owner Independence
6/10
CRM Data
8/10
Rev Diversity
8/10
Backlog Docs
7/10