Suncrete, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Three months ended | Six months ended | |||
|---|---|---|---|---|
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| Revenues | $97,231 | $39,496 | $159,059 | $77,235 |
| Cost of Goods Sold | 68,920 | 26,781 | 110,975 | 51,146 |
| Gross Profit | 28,311 | 12,715 | 48,084 | 26,089 |
| Operating Expenses: | ||||
| Selling, general, and administrative expenses(1) | 24,765 | 9,857 | 41,390 | 19,491 |
| Acquisition-related costs(2) | 12,188 | — | 13,144 | — |
| Loss on disposal of assets, net | 86 | 40 | 86 | 120 |
| Total operating expenses | 37,039 | 9,897 | 54,620 | 19,611 |
| Operating income (loss) | (8,728) | 2,818 | (6,536) | 6,478 |
| Other income (expense): | ||||
| Other income (expense)(3) | (26,950) | (498) | (26,876) | (483) |
| Interest expense, net | (4,027) | (2,645) | (8,042) | (5,253) |
| Total other expense | (30,977) | (3,143) | (34,918) | (5,736) |
| Income (loss) before income taxes | (39,705) | (325) | (41,454) | 742 |
| Income tax benefit | (2,595) | — | (2,595) | — |
| Net income (loss) | (37,110) | (325) | (38,859) | 742 |
| Distributions to senior preferred unitholders | (628) | (577) | (1,226) | (1,167) |
| Series A preferred stock dividends | (540) | — | (540) | — |
| Accretion of redeemable preferred units to redemption value | (10,625) | (3,710) | (13,845) | (6,172) |
| Net loss attributable to common stockholders | $(48,903) | $(4,612) | $(54,470) | $(6,597) |
| Weighted average common shares outstanding - basic and diluted | 67,519,137 | 19,093,562 | 43,440,122 | 19,093,562 |
| Basic and diluted loss per common stock | $(0.72) | $(0.24) | $(1.25) | $(0.35) |
(1)
Includes approximately $1.1 million and $0.7 million of affiliated consultant compensation incurred during thethree months ended June 30, 2026 and 2025, respectively, and approximately $1.8 million and $1.4 million of affiliated consultant compensation incurred during thesix months ended June 30, 2026 and 2025, respectively; see “Note 22. ― Related Party Transactions” for additional discussion.
(2)
Includes approximately$5.9 million of reimbursable third-party diligence costs and affiliated diligence and integration fees incurred during the three and six months ended June 30, 2026.
(3)
Includes a $26.9 million non-cash charge for the three and six months ended June 30, 2026, representing the fair value of 2.5 million shares of Class B common stock issued to an affiliated equity holder on the Closing Date pursuant to the Business Combination Agreement. See Note 3. ― Reverse Recapitalization" and “Note 22. ― Related Party Transactions” for additional discussion.
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