Building Excellence Across Commercial and Residential Construction
JFB Construction Holdings (Nasdaq: JFB) is a Florida-based commercial and residential real estate construction and development company dedicated to delivering high-quality services across retail corporate buildout, multifamily community developments, and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities.
LATEST NEWS
JFB Announces XTEND UK Expansion Following £1.93M Order Supporting UK Defense Activities and Launch of Localized XFAB
Identifying The Opportunity
KEY LEVELS
Key Level #1 - $6.42
Key Level #2 - $6.67
Key Level #3 - $7.13
Support: $5.50
About JFB Construction Holdings (Nasdaq: JFB)
JFB Construction Holdings (Nasdaq: JFB) is a Florida-based commercial and residential real estate construction and development company. The operating subsidiary, JFB Construction and Development Inc., was formed on May 28, 2014 by Joseph F. Basile III as a Florida corporation. On April 9, 2024, he formed JFB Construction Holdings as a Nevada corporation to serve as the parent holding company. The company describes itself as a family-owned and operated business offering more than 100 years of combined generational experience in residential and commercial construction and development. Its headquarters is located at 1300 S. Dixie Highway, Suite B, Lantana, Florida. JFB has provided general contracting and construction management services in 36 U.S. states, reporting over 5,000,000 square feet of commercial construction, more than $300 million in luxury residential and equestrian construction, and over 1,000 units of multifamily residential development.
JFB Construction Holdings
Business Model and Segments
JFB operates through three primary segments: commercial construction, residential construction, and real estate development.
The commercial segment includes franchise construction and general commercial construction, representing approximately 78% of 2024 revenue. JFB has built hundreds of franchise locations for national brands including Orange Theory Fitness, European Wax Center, Planet Fitness, Arby's, Tropical Smoothie Cafe, Starbucks, and Save-A-Lot.
The residential segment specializes in luxury custom home building, interior renovations, and equestrian facilities in Florida's most prestigious communities, representing 22% of 2024 revenues.
The real estate development segment oversees projects in Florida for over 40 years, with in-house general contracting, design, engineering, construction, financing, and leasing and sales expertise.
Scale and Track Record
JFB has provided general contracting and construction management services in 36 U.S. states, reporting over 5,000,000 square feet of commercial construction and tenant improvement buildout, more than $300 million in luxury residential and equestrian construction and remodels, and over 1,000 units of multifamily residential development.
As of the filing of the 2024 10-K, JFB had 26 construction projects, including 15 actively under construction and 11 under contract awaiting permitting. Of those, 15 were commercial projects and 11 were residential, including one larger-scale real estate development project.
The company states that most of its projects are obtained through 100% referrals and repeat customers.
Strategic Transaction: Merger with XTEND
On February 17, 2026, JFB Construction Holdings announced a definitive agreement to combine with XTEND, a software-first defense technology company anchored by its AI XTEND Operating System (XOS), in an all-stock transaction with an implied acquisition value of $1.5 billion. Following the closing, the combined company is expected to be renamed XTEND AI Robotics and listed on Nasdaq under the ticker "XTND."
Strategic investors supporting the merger include Eric Trump, Unusual Machines (NYSE: UMAC), American Ventures LLC, Protego Ventures, Aliya Capital, and Agostinelli Group. Current XTEND shareholders would own approximately 70% and JFB shareholders approximately 30% of the combined company on a fully diluted pro forma basis.
The merger was unanimously approved by both boards. The parties expected to close in the middle of 2026. Joseph F. Basile III stated the partnership would pair XTEND's AI capabilities with JFB's execution and buildout expertise to accelerate U.S. manufacturing and support a next-generation defense technology platform built in America.
Financials
JFB Construction Holdings has demonstrated strong revenue growth, with 2025 full-year revenues up 32% compared to 2024, driven by completed and ongoing projects across hospitality, commercial retail, industrial, high-end residential, and real estate development.
Key Financial Highlights:
• Total Revenues (TTM): Approximately $21.70 million
• Q1 2026 Total Revenues: $5.91 million (up over 93% vs. Q1 2024)
• Q1 2026 Gross Profit: Over $1.46 million (up over 66% vs. Q1 2024)
• Net Loss (TTM): Approximately $3.05 million
• Cash and Equivalents: Approximately $6.60 million
• Net Cash Position: Approximately $5.87 million
• PIPE Raised (Series C Preferred): $43.9 million
• Separate Private Placement: Approximately $10.025 million at $6.25 per Class A share
Introducing the Leadership Team of JFB Construction Holdings (Nasdaq: JFB)
Joseph Frank Basile III
Chief Executive Officer and Founder
Joseph Frank Basile III is a third-generation developer and general contractor with extensive experience in land acquisition and development across retail centers, multifamily properties, and office buildings. He also holds interests in laundry facilities, franchise ventures, and private lending. Joseph holds a bachelor's degree in psychology and communications and is a state-certified general contractor in over 31 states, including Florida, Georgia, North Carolina, South Carolina, and Tennessee. After college and a career as a semi-professional athlete, he joined the family development company and grew it into the nationally known JFB Construction and Development.
Ruben Calderon
Chief Financial Officer
Ruben Calderon was born in New York and graduated from Baruch College in New York City. After working for a corporate accounting firm, he opened his own accounting firm in 2008, eventually growing it to over 5,000 personal and business clients. He sold the practice in 2020 and relocated to Florida.
Ruben Calderon brings extensive financial management and client services experience to JFB Construction Holdings, supporting the company's growth as a publicly traded company on the Nasdaq Capital Market.
Bill Dyer
Chief Operating Officer
Bill Dyer is a seasoned leader with over 30 years of experience in the development and construction industry. He has a background in real estate development, civil engineering, and general contracting, and has overseen major projects and guided teams across multiple sectors nationwide. Before joining JFB, he held senior leadership roles with several respected firms where he directed large-scale development initiatives and managed operations, budgets, and strategic growth.
We get our information from SEC filings and verified public sources.
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Sources
https://www.jfbconstruction.com/
https://www.sec.gov/ (JFB SEC Filings -- CIK 0002024306)
https://www.globenewswire.com/ (Press Releases)
https://www.nasdaq.com/ (JFB Stock Information)
https://stockanalysis.com/ (TTM Financial Data)
https://stocktitan.net/ (Press Releases)
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