The company maintains a conservative financial profile with a low debt-to-equity ratio of 0.04 as of 2026Q1, providing a buffer despite persistent net losses.
| Total Assets | 54.71M | 40.03M | 8.97M | 9.24M | 8.24M |
| Asset Growth % | 715.05% | 346.55% | -3.01% | 12.13% | - |
| Real Estate & Other Assets | 31.22M | 1.05M | 0 | 0 | 0 |
| PP&E (Net) | 2.85M | 1.68M | 1.84M | 384.05K | 108.85K |
| Investment Securities | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 20.64M | 37.3M | 7.12M | 8.86M | 8.13M |
| Cash & Equivalents | 3.72M | 22.21M | 2.7M | 1.24M | 32K |
| Receivables | 0 | 0 | 1000K | 1000K | 1000K |
| Other Current Assets | 16.92M | 15.09M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 8.43M | 2.2M | 2.64M | 2.55M | 5.59M |
| Total Debt | 1.94M | 700.16K | 819.53K | 0 | 3.35K |
| Net Debt | -1.77M | -21.51M | -1.88M | -1.24M | -28.65K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Short-Term Borrowings | 1.94M | 700.16K | 819.53K | 0 | 3.35K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 8.43M | 2.2M | 2.64M | 2.55M | 5.59M |
| Accounts Payable | 0 | 0 | 1.1M | 720.3K | 2.44M |
| Deferred Revenue | 0 | 0 | 633.79K | 754.87K | 2.75M |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Equity | 46.27M | 37.83M | 6.33M | 6.69M | 2.65M |
| Equity Growth % | 980.5% | 497.73% | -5.39% | 152.48% | - |
| Shareholders Equity | 46.27M | 37.83M | 6.33M | 6.69M | 2.65M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 1M | 1M | 800 | 764 | 764 |
| Additional Paid-in Capital | 0 | 0 | 425.14K | 32.52K | -764 |
| Retained Earnings | -2.63M | 632.27K | 5.9M | 6.66M | 2.65M |
| Preferred Stock | 404 | 439 | 0 | 0 | 0 |
| Return on Assets (ROA) | -28.37% | -21.52% | 1.31% | 47.42% | 29.93% |
| Return on Equity (ROE) | -32.34% | -23.88% | 1.83% | 88.78% | 93.11% |
| Debt / Assets | 3.55% | 1.75% | 9.14% | - | 0.04% |
| Debt / Equity | 0.04x | 0.02x | 0.13x | - | 0.00x |
| Net Debt / EBITDA | 0.20x | - | -12.84x | -0.30x | -0.01x |
| Book Value per Share | 3.49 | 2.23 | 0.34 | 0.36 | 0.14 |
Operational Scale and Execution
As reported in financial statements, JFB's total assets surged from $9.0M in 2024Q4 to $54.7M by 2026Q1, yet this rapid balance sheet expansion appears disconnected from operational performance, as the company continues to report persistent net losses despite the significant increase in its underlying asset base.
The dramatic growth in total assets suggests a potential shift toward aggressive land acquisition or project inventory accumulation that has yet to yield productive returns. Investors should monitor whether this asset growth represents high-quality development opportunities or merely an accumulation of illiquid inventory that may require future impairment.
Based on JFB's reported figures, the company maintains a remarkably low debt-to-equity ratio of 0.04 as of 2026Q1, which provides a significant buffer against insolvency despite the firm's ongoing inability to generate positive operating income or consistent cash flow from its core construction activities.
The minimal reliance on debt financing suggests a management preference for equity-funded growth, which protects the balance sheet from interest rate volatility but places the full burden of operational losses on shareholders. This conservative leverage profile appears to be the primary factor preventing a more severe liquidity crisis given the current negative FFO.
According to recent SEC filings, JFB holds $3.7M in cash as of 2026Q1, a sharp decline from the $22.2M reported in 2025Q4, indicating that the company is rapidly consuming its liquidity reserves to fund ongoing operations and project-level development costs in the South Florida market.
The rapid depletion of cash reserves warrants close scrutiny, as the current burn rate appears unsustainable without a clear path to project profitability. The transition from a cash-heavy position to a more constrained liquidity environment suggests that the company's capital allocation strategy may be shifting toward more aggressive, and potentially riskier, project deployments.
As indicated by the company's financial statements, equity has experienced significant volatility, with ROE swinging from 25.8% in 2023Q4 to -7.7% in 2026Q1, reflecting the fundamental difficulty in maintaining shareholder value while the firm struggles to scale its niche construction and development operations effectively.
The erosion of ROE highlights the disconnect between the company's capital base and its ability to generate returns, suggesting that current equity is being deployed into projects that are failing to meet cost-of-capital hurdles. Investors should remain cautious regarding the potential for future equity raises if the current cash burn continues to deplete the existing capital base.
Quick answers to the most common questions about buying JFB stock.
As of 2025, JFB Construction Holdings Class A Common Stock (JFB) had total assets of $40.0M including $37.3M in current assets.
JFB Construction Holdings Class A Common Stock (JFB) carries total debt of $0.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
JFB Construction Holdings Class A Common Stock (JFB) has total shareholders' equity (book value) of $37.8M ($2.23 book value per share). Book value represents the net worth of the company belonging to common stock holders.
JFB Construction Holdings Class A Common Stock (JFB) reported a current ratio of 16.96x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.