TIC Solutions, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 12, 2025
TIC$10.99-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(amounts in thousands)
| Successor · Predecessor | |||
|---|---|---|---|
| Nine MonthsEndedSeptember 30, 2025 | July 30throughSeptember 30, 2024 | January 1throughJuly 29, 2024 | |
| Cash flows from operating activities: | |||
| Net loss | $(39,916) | $(89,824) | $(15,703) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation expense | 52,552 | 11,586 | 22,345 |
| Amortization expense | 56,689 | 8,845 | 23,432 |
| Non-cash lease expense | 10,002 | 1,249 | 5,453 |
| Share-based compensation expense | 9,271 | 62,802 | 17,858 |
| Amortization of deferred financing costs | 3,185 | 486 | 2,406 |
| Deferred taxes | (24,010) | (1,965) | (8,376) |
| Loss on extinguishment of debt | — | — | 9,073 |
| Fair value adjustments on interest rate derivatives | — | — | 3,102 |
| Other | 2,678 | 1,005 | (180) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | 26,289 | 27,097 | (32,576) |
| Contract assets | (52,520) | (30,624) | (221) |
| Prepaid expenses and other current assets | 1,450 | (6,674) | (2,829) |
| Accounts payable | 5,563 | 4,696 | (9,691) |
| Accrued expenses and other current liabilities | 5,489 | (7,725) | 17,669 |
| Operating lease obligations | (7,563) | (1,333) | (5,751) |
| Contract liabilities | (2,736) | 325 | 179 |
| Other assets and liabilities | (1,093) | 1,990 | (5,751) |
| Net cash provided by (used in) operating activities | 45,330 | (18,064) | 20,439 |
| Cash flows from investing activities: | |||
| Business acquisitions, net of cash | (838,399) | (1,827,426) | (44,680) |
| Purchases of property and equipment | (21,187) | (3,403) | (14,334) |
| Proceeds from sale of property and equipment | 3,141 | 251 | 1,029 |
| Net cash used in investing activities | (856,445) | (1,830,578) | (57,985) |
| Cash flows from financing activities: | |||
| Proceeds from long-term borrowings | 875,000 | 775,000 | 30,000 |
| Payments on long-term borrowings | (8,441) | — | (16,346) |
| Payments of debt issuance costs | (24,331) | (21,355) | — |
| Payments on finance lease obligations | (8,361) | (1,615) | (5,836) |
| Proceeds from issuance of common shares and exercise of warrants, net of issuance costs | — | 666,630 | — |
| Net cash provided by financing activities | 833,867 | 1,418,660 | 7,818 |
| Net effect of exchange rate fluctuations | 2,546 | 5,507 | (7,877) |
| Net change in cash and cash equivalents | 25,298 | (424,475) | (37,605) |
| Beginning of period | 139,134 | 556,933 | 87,061 |
| End of period | $164,432 | $132,458 | $49,456 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.