| UNCOMPLETED CONTRACTS |
9. UNCOMPLETED CONTRACTS Costs, estimated earnings, and billings on uncompleted contracts as of June 30, 2026 and September 30, 2025, are summarized as follows: | | | | | | | | | June 30, 2026 | | September 30, 2025 | Costs incurred on contracts in progress | | $ | 565,061,543 | | $ | 471,208,654 | Estimated earnings, net of estimated losses | | | 99,663,389 | | | 71,159,322 | | | | 664,724,932 | | | 542,367,976 | Less billings to date | | | 647,990,300 | | | 536,231,730 | | | $ | 16,734,632 | | $ | 6,136,246 | | | | | | | | Costs and estimated earnings in excess of billed on uncompleted contracts | | $ | 43,901,138 | | $ | 34,455,011 | | | | | | | | Less billings in excess of costs and estimated earnings on uncompleted contracts | | | 27,166,506 | | | 28,318,765 | | | | | | | | | | $ | 16,734,632 | | $ | 6,136,246 |
The Company’s unaudited backlog at June 30, 2026 and September 30, 2025 was $286.6 million and $259.7 million, respectively.
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