TIC Solutions, Inc.
For the period ended Mar 31, 2026. Filed May 6, 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.
Mar 31, 2026 · Filed May 6, 2026
TIC$10.99-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(amounts in thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(41,549) | $(25,793) |
| Adjustments to reconcile net loss to cash flows from operating activities: | ||
| Depreciation and amortization | 58,880 | 28,599 |
| Noncash lease expense | 6,035 | 2,491 |
| Share-based compensation expense | 12,912 | 1,107 |
| Amortization of deferred financing costs | 1,883 | 828 |
| Deferred taxes | (17,334) | (4,320) |
| Other | 1,189 | (899) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | ||
| Accounts receivable | 22,092 | 40,254 |
| Contract assets | (27,886) | (8,395) |
| Prepaid expenses and other current assets | (5,635) | 4,306 |
| Accounts payable | (7,402) | 3,433 |
| Accrued expenses and other current liabilities | 7,391 | (5,708) |
| Operating lease obligations | (5,801) | (2,352) |
| Contract liabilities | 4,161 | (213) |
| Other assets and liabilities | 989 | (546) |
| Net cash provided by operating activities | 9,925 | 32,792 |
| Cash flows from investing activities: | ||
| Business acquisitions, net of cash acquired | (3,884) | (8,030) |
| Purchases of property and equipment | (5,697) | (4,476) |
| Proceeds from sale of property and equipment | 1,287 | 293 |
| Net cash used in investing activities | (8,294) | (12,213) |
| Cash flows from financing activities: | ||
| Payments on long-term borrowings | (4,131) | (1,932) |
| Payments of debt issuance costs | — | (1,165) |
| Payments on finance lease obligations and other long-term debt | (8,776) | (2,508) |
| Net cash used in financing activities | (12,907) | (5,605) |
| Net effect of exchange rate fluctuations on cash and cash equivalents | (1,696) | 1,631 |
| Net change in cash and cash equivalents | (12,972) | 16,605 |
| Beginning of period | 439,536 | 139,134 |
| End of period | $426,564 | $155,739 |
Condensed Consolidated Statements of Cash Flows
(amounts in thousands)
Supplemental cash flow information and schedules of non-cash investing and financing activities for the periods indicated were as follows:
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Supplemental disclosure of cash flow information | ||
| Interest paid | $26,673 | $14,332 |
| Income taxes paid | $4,022 | $6,172 |
| Supplemental disclosure of non-cash operating, investing and financing activities: | ||
| Purchases of property and equipment accrued and not yet paid | $4,472 | $3,461 |
| Notes payable and other obligations issued for acquisitions | $3,000 | $— |
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