TIC Solutions, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
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
Consolidated Statements of Operations and Comprehensive Income (Loss)
(amounts in thousands, except share and per share data)
| Successor · Predecessor | ||||
|---|---|---|---|---|
| Year Ended December 31, 2025 | July 30 through December 31, 2024 | January 1 through July 29, 2024 | Year Ended December 31, 2023 | |
| Revenue | $1,530,296 | $463,527 | $633,866 | $1,050,057 |
| Cost of revenue | 1,080,937 | 359,848 | 471,881 | 810,534 |
| Gross profit | 449,359 | 103,679 | 161,985 | 239,523 |
| Selling, general and administrative expenses | 440,827 | 150,306 | 121,369 | 185,022 |
| Transaction costs | 25,628 | 35,998 | 5,204 | — |
| Income (loss) from operations | (17,096) | (82,625) | 35,412 | 54,501 |
| Interest expense, net | 87,621 | 31,061 | 39,379 | 60,022 |
| Loss on extinguishment of debt | — | — | 9,073 | — |
| Other income, net | (6,545) | (2,978) | (580) | (1,241) |
| Loss before income tax provision (benefit) | (98,172) | (110,708) | (12,460) | (4,280) |
| Income tax provision (benefit) | (11,056) | (5,256) | 3,243 | 2,009 |
| Net loss | (87,116) | (105,452) | (15,703) | (6,289) |
| Accrued Series A Preferred Stock Dividend | (6,757) | — | — | — |
| Undistributed loss allocated to Series A Preferred Stock | 596 | 861 | — | — |
| Net loss allocated to common stockholders | $(93,277) | $(104,591) | $(15,703) | $(6,289) |
| Other comprehensive income (loss): | ||||
| Net loss | $(87,116) | $(105,452) | $(15,703) | $(6,289) |
| Foreign currency translation adjustments | 46,546 | (35,489) | (18,004) | 11,184 |
| Total other comprehensive income (loss) | $(40,570) | $(140,941) | $(33,707) | $4,895 |
| Basic and diluted income (loss) per share: | ||||
| Common stock, basic and diluted | $(0.60) | $(0.86) | $(3.13) | $(1.25) |
| Series A Preferred Stock, basic and diluted | $6.16 | $(0.86) | $— | $— |
| Weighted-average shares outstanding: | ||||
| Common stock, basic | 156,600,421 | 121,454,845 | 5,024,802 | 5,024,802 |
| Common stock, diluted | 157,600,421 | 122,454,845 | 5,024,802 | 5,024,802 |
| Series A Preferred Stock, basic and diluted | 1,000,000 | 1,000,000 | — | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.