NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)
(in thousands, except share data)

	Three Months Ended								Nine Months Ended
	October 1, 2022				October 2, 2021				October 1, 2022				October 2, 2021
Gross revenues	$	204,075			$	185,553			$	596,960			$	518,151
Direct costs:
Salaries and wages		48,295				45,145				141,976				131,630
Sub-consultant services		41,253				35,779				116,557				89,003
Other direct costs		14,592				12,802				45,426				35,714
Total direct costs		104,140				93,726				303,959				256,347
Gross profit		99,935				91,827				293,001				261,804
Operating expenses:
Salaries and wages, payroll taxes and benefits		49,670				44,597				146,719				131,761
General and administrative		16,730				12,978				47,611				37,891
Facilities and facilities related		5,441				5,194				15,822				15,330
Depreciation and amortization		9,771				10,108				29,373				29,764
Total operating expenses		81,612				72,877				239,525				214,746
Income from operations		18,323				18,950				53,476				47,058
Interest expense		(1,003	)			(1,475	)			(2,804	)			(5,362	)
Income before income tax expense		17,320				17,475				50,672				41,696
Income tax expense		(1,257	)			(4,902	)			(8,699	)			(10,005	)
Net income and comprehensive income	$	16,063			$	12,573			$	41,973			$	31,691
Earnings per share:
Basic	$	1.09			$	0.86			$	2.85			$	2.27
Diluted	$	1.05			$	0.83			$	2.75			$	2.19
Weighted average common shares outstanding:
Basic		14,768,689				14,593,623				14,732,726				13,963,372
Diluted		15,301,545				15,069,660				15,242,453				14,486,683