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9501 Old Statesville Road
Charlotte NC
28269
980-259-2717
Health Breakdown
Avg Left
-10
Success
30
Avg Avg
10
Year Proj
50
2 Year Prior Proj
Qual Based
0
Cash Flow
25
 
105%
100%
Health
Financial Health & Pipeline Brief
Analyzed On:  Aug 13, 2026
Blythe Development Co - NC (Powered by Grok AI)
Near-term Outlook (next 3-6 months)
Blythe Development faces immediate cash flow pressure from a critically low backlog of only **$260k** remaining on the **$7.8M** Mecklenburg project, despite bidding **$111M** in 2026. The **10%** success rate and 120-month duration provide minimal near-term revenue visibility. Accelerated completion of the remaining work is essential to sustain operations.

Medium-term Outlook (6-12 months)
Backlog depletion will intensify without improved win rates, as 2025-2026 bidding yielded just **$19.4M** in total awards against **$256M** pursued. Limited active projects constrain revenue stability through year-end. Targeted bid refinements could rebuild pipeline volume.

Key Risk Period
The post-2026 period presents the highest risk, with the current project nearing exhaustion and historical success rates of only **10-20%** failing to replenish backlog. Extended contract durations offer little offset to the **$260k** remaining balance.

Recommendations
Prioritize bid strategy adjustments to raise success rates above **20%** and pursue shorter-duration projects for faster cash conversion. Monitor monthly burn rates against the **$260k** backlog to avoid liquidity shortfalls.
 
JOBS LOW
  • C205195 Catawba
  • NCDOT
  • 8/18/26
  • C205095 MECKLENBURG
  • NCDOT
  • 2/17/26
Bidjudge
JOBS BID
  • Morris Field Drive Bridge Replacement
  • Charlotte
  • $12,719,560
  • 8/28/26
  • C205195 Catawba
  • NCDOT
  • $13,758,419
  • 8/18/26
  • Kings Branch Arrowood Road Phase 2A Stream Restoration
  • Mecklenburg County
  • $1,727,651
  • 5/13/26
  • Reedy Creek Hood Road Stream Restoration
  • Mecklenburg County
  • $17,470,209
  • 5/5/26
  • Rea Road Widening I 485 Williams Pond Lane
  • Charlotte
  • $9,532,963
  • 4/7/26
  • C205013 Mecklenburg
  • NCDOT
  • $5,394,644
  • 3/17/26
  • Southmont Mass Grading
  • Davidson County
  • $20,192,124
  • 2/19/26
  • C205095 MECKLENBURG
  • NCDOT
  • $7,809,039
  • 2/17/26
  • C204936 ALAMANCE
  • NCDOT
  • $9,367,346
  • 2/17/26
  • Monroe Road Streetscape
  • Charlotte
  • $6,472,234
  • 2/12/26
  • McCullough Drive Extension
  • Charlotte
  • $8,729,394
  • 2/6/26
  • BP12.R002.3 CLEVELAND
  • NCDOT
  • $8,093,510
  • 1/20/26
  • 46891.3.1 CABARRUS
  • NCDOT
  • $18,037,633
  • 1/20/26
Bidjudge
CASH FLOW
  • 46891.3.1 CABARRUS
  • NCDOT
  • $13,758,419
  • 10/17/26
  • 1100
  • 0.1%
  • $375,230
  • $13,745,911
  • $375,230
  • $13,745,911
Bidjudge