---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-26-000006"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2026-03-04T23:59:59+00:00"
generated_at: "2026-05-15T21:35:56.150256+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Group reports FY2025 revenue $852M (+7% YoY), net income $2.5M; acquires J.E. McAmis, initiates 2026 guidance

## Summary
- FY2025 revenue $852.3M (+7% YoY); GAAP net income $2.5M ($0.06 diluted EPS) vs year-ago loss of $1.6M.
- Adjusted EBITDA $45.2M (up from $41.9M); Adjusted EPS $0.25; operating cash flow $28M, free cash flow $14M.
- Backlog $640M at Dec 2025; new awards in 2025 totaled $763M; pipeline $23B inclusive of McAmis.
- Completed acquisition of J.E. McAmis on Feb 4, 2026 for ~$60M net cash, adding jetty/breakwater marine capabilities.
- Dec 2025 refinancing: $120M UMB Credit Facility (SOFR+2.5-3.0%) replaced $88M prior facility, lowering borrowing costs.

## SEC filing metadata
- accession: 0001402829-26-000006
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2026-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/0001402829-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/orn-20260303x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-26-000006
- JSON: https://secwatch.observer/filing/0001402829-26-000006.json
- Plain text: https://secwatch.observer/filing/0001402829-26-000006.txt

## Key facts
- Earnings Releases
  Orion Group Holdings Inc updated its the fourth quarter and full year ended December 31, 2025 guidance (initiated).
  - Period: the fourth quarter and full year ended December 31, 2025
  - Guidance: initiated
  - Result: reported results
  source text: On March 3, 2026, Orion Group Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/0001402829-26-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.