- RPMx Construction
- 2026
- 19
- 3
- 15.79%
- $164,393,358
- 8.39%
- 6.64%
- 4.75%
- $631,391,137

RPMx holds a substantial **$385M** remaining backlog, anchored by the recent **$155M** Grayson US 75 win and multiple 120-month paving contracts. Cash flow should stay positive through mid-2026 as active projects with extended durations offset the drop in success rate to **21.4%**. Elevated 2026 bidding volume of **$617M** supports near-term pipeline replenishment.
Medium-term Outlook (6-12 months)
The **$164M** in 2026 low bids and prior **$158M** from 2024 provide sustained revenue visibility into 2027, aided by long-duration contracts. However, the reduced win rate from **30%** in 2025 may slow backlog growth if bidding discipline is not restored. Overall workload remains stable given the mix of large infrastructure and paving awards.
Key Risk Period
The 9-15 month window after substantial 2024-2025 awards such as the **$116M** Paris and **$42M** Park Boulevard projects concludes poses the highest cash flow exposure. Prolonged success rates below **25%** combined with **8.39%** average left on low could create gaps before new wins convert to billings.
Recommendations
Tighten estimating processes to improve margins on low bids and restore success rates above **28%**. Accelerate pursuit of additional large TxDOT-style projects to protect the **$385M** backlog. Implement monthly cash flow modeling tied to project durations to preempt liquidity shortfalls.
- Sanctuary Phase 1 Paving Package
- TCCI Land Development, Inc
- $4,793,560
- 7/14/26
- Green Meadows Tr 3b Paving Improvements
- Denton County
- $1,633,384
- 7/2/26
- Hickory Grove Phase 3 Paving
- Legends Ranch Mud
- $3,231,431
- 6/24/26
- Trinity Falls Planning Unit 6 Phase 5 Paving Package
- McKinney Municipal Utility District
- $1,431,979
- 6/23/26
- Trinity Falls Planning Unit 6 Phase 3 Paving Package
- McKinney Municipal Utility District
- $2,761,386
- 6/23/26
- Denton US 377 0081-03-047
- TXDOT
- $126,755,164
- 5/6/26
- Trinity Falls Planning Unit 5 Phase 1 Planning Unit 5 Phase 1 Arterials Pavin
- McKinney Municipal Utility District
- $4,417,259
- 5/5/26
- Grayson US 75 0047-03-091
- TXDOT
- $155,588,192
- 4/7/26
- Preston Harbor Pod 6 Phase I Utilities
- Lake Texoma Municipal Utility District
- $5,454,666
- 3/31/26
- Preston Harbor Master Infrastructure Paving
- Lake Texoma Municipal Utility District
- $2,883,693
- 3/31/26
- Preston Harbor Pod 6 Phase I Paving
- Lake Texoma Municipal Utility District
- $5,921,473
- 3/31/26
- Comal US 67 0261-01-041
- TXDOT
- $64,759,007
- 3/4/26
- Songhill Phase 2 Paving Improvements
- North Collin County Municipal Utility District
- $1,712,551
- 2/19/26
- Green Meadows Tract 9a Paving Improvements
- Smiley Road WCID
- $2,086,930
- 2/17/26
- Trinity Falls Planning Unit 5 Phase 1 Planning Unit 5 Phase 1 Arterials Paving
- McKinney Municipal Utility District
- $4,964,294
- 2/17/26
- Highpointe Ranch Phase 4B Paving Package
- Lennar Homes
- $708,434
- 2/10/26
- Ellis SS 394 2921-01-010
- TXDOT
- $20,400,000
- 2/4/26
- Highpointe Ranch Phase 4a Paving Package
- Lennar Homes
- $855,002
- 1/29/26
- Gregg IH 20 0495-07-074
- TXDOT
- $221,032,732
- 1/7/26
- Gregg IH 20 0495-07-074
- Lake Texoma Municipal Utility District
- $2,883,693
- 05/30/26
- 120
- 53.3%
- $720,923
- $1,345,723
- Gregg IH 20 0495-07-074
- Lake Texoma Municipal Utility District
- $5,921,473
- 05/30/26
- 120
- 53.3%
- $1,480,368
- $2,763,354
- Gregg IH 20 0495-07-074
- Serenade Municipal Utility District
- $1,904,132
- 06/09/25
- 455
- 91.9%
- $125,547
- $154,842
- Gregg IH 20 0495-07-074
- TXDOT
- $116,632,320
- 01/06/25
- 1200
- 47.8%
- $2,915,808
- $60,940,387
- Gregg IH 20 0495-07-074
- Collin County
- $62,083,726
- 01/08/24
- 1800
- 52.0%
- $1,034,729
- $29,800,188
- $6,277,375
- $95,004,494



