JFB Construction Holdings (JFB) is a construction and real estate development company that executes residential and commercial construction projects, primarily in South Florida. Revenue comes from construction contracts structured as cost-plus, fixed-price, or fixed-unit-price agreements, with cost-plus contracts reimbursing all project costs plus a fee or percentage for profit. The company operates two segments: residential construction, focused on South Florida with no current expansion plans, and real estate development, concentrated in South Florida with stated intentions to extend into other U.S. markets. Joseph F. Basile III serves as President, CEO, Secretary, and Chairman. The Basile Family Irrevocable Trust held 51.50% of Class A Common Stock as of the fiscal year ended December 31, 2025. Management disclosed that internal controls over financial reporting were not effective as of December 31, 2025, citing material weaknesses tied to small company size and lack of segregation of duties. The company is classified as a smaller reporting company and emerging growth company in its 10-K filed March 31, 2026.

Revenue model

Construction contract revenue earned under three contract structures: cost-plus contracts (project costs plus a profit fee or percentage), fixed-price lump-sum contracts (set price regardless of actual costs), and fixed-unit-price contracts (set price per unit of work such as per square foot or per ton of material).

Products and services

Residential construction services in South Florida; real estate development projects in South Florida; construction management services under cost-plus contracts, including a Cost-Plus 5% Construction Management Contract with Onyx OB Hotel Owner LLC dated May 1, 2025.

Customers and end markets

Hospitality and hotel development clients (including CM OB Hotel Owner LLC and Onyx OB Hotel Owner LLC per filed agreements); residential real estate end market in South Florida. The filing also references the franchise industry as a customer relationship channel.

Value-chain role

General contractor and construction manager that sources materials (including steel, concrete, and lumber) from a supplier network, manages labor and overhead, and delivers completed construction projects to property owners and developers.

Geographic exposure

Primary operations in South Florida. Stated intention to expand into Florida, Texas, and South Carolina markets, with no current expansion beyond South Florida for the residential construction segment as disclosed in the 10-K filed March 31, 2026.

Source: SEC 10-K, filed 2026-03-31

Industry: General Bldg Contractors - Nonresidential Bldgs