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 Operations and Comprehensive Loss
(amounts in thousands, except share and per share data)
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Revenue | $488,029 | $234,215 |
| Cost of revenue | 326,728 | 190,546 |
| Gross profit | 161,301 | 43,669 |
| Selling, general and administrative expenses | 150,328 | 39,872 |
| Depreciation and amortization | 40,036 | 13,237 |
| Loss from operations | (29,063) | (9,440) |
| Interest expense, net | 29,021 | 16,007 |
| Other income, net | (77) | (1,119) |
| Loss before income tax benefit | (58,007) | (24,328) |
| Income tax provision (benefit) | (16,458) | 1,465 |
| Net loss | (41,549) | (25,793) |
| Undistributed loss allocated to Series A Preferred Stock | 190 | 211 |
| Net loss allocated to common stockholders | $(41,359) | $(25,582) |
| Other comprehensive income (loss): | ||
| Net loss | $(41,549) | $(25,793) |
| Foreign currency translation adjustment | (12,707) | 2,561 |
| Total other comprehensive loss | $(54,256) | $(23,232) |
| Basic and diluted loss per share: | ||
| Common stock, basic and diluted | $(0.19) | $(0.21) |
| Series A Preferred Stock, basic and diluted | $(0.19) | $(0.21) |
| Weighted-average shares outstanding: | ||
| Common stock, basic | 217,251,178 | 121,476,215 |
| Common stock, diluted | 218,251,178 | 122,476,215 |
| Series A Preferred Stock, basic and diluted | 1,000,000 | 1,000,000 |
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