JFB Construction Holdings (NASDAQ:JFB) has significantly raised its financial outlook, announcing today that it expects fourth-quarter 2025 revenues to skyrocket by 119% compared to the same period last year.
The updated guidance marks a dramatic increase from the 20% growth forecast issued earlier this month, as the company capitalizes on a record project backlog and a successful $44 million capital raise.
The primary engine behind this growth is the execution of an $18.9 million contract for the first phase of a new public high school in DeSoto County, Florida.
The project, which spans 40 acres and will eventually accommodate nearly 1,400 students, carries a total estimated contract value of $100 million upon final completion.
JFB has already secured an $18.9 million bond to serve as the general contractor for Phase 1, with construction currently underway and slated for completion in January 2026.
Beyond its entry into public education, JFB is maintaining high operational momentum in the residential and hospitality sectors.
Vertical construction is moving at pace on 79 luxury townhouses at "The Preserve at Port Salerno" in Florida, a project originally valued at $21 million.
In the hospitality space, the company continues work on a Courtyard Marriott in Olive Branch, Mississippi.
JFB holds a 25% equity stake in this development, providing a recurring revenue stream alongside its general contracting fees.
To support this rapid scaling, JFB recently finalized a $44 million private placement.
While $12 million was utilized for a targeted share buyback from CEO Joseph F. Basile III, the remaining $34 million in working capital has significantly boosted the company’s bonding capacity.
This financial flexibility is critical for securing large-scale municipal contracts like the DeSoto County project.
Management noted that these initiatives are expected to provide a sustained revenue floor through 2026.
The shift into public school construction—partnering with specialized developers like Building Tomorrow’s Schools—represents a new, high-volume revenue avenue that JFB plans to aggressively pursue as Florida's population growth drives demand for educational infrastructure.