Legence Corp.
For the period ended Sep 30, 2025. Filed Nov 14, 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 14, 2025
LGN$32.16+15.2%Stored close · as of Nov 9, 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 Changes in Equity
(In thousands, except share amounts)
| Class A Common Stock · Class B Common Stock | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Member's Equity | Shares | Amount | Shares | Amount | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income (Loss) | Total Legence Stockholders' Equity / Member's Equity | Non-controlling Interests | Total Equity | |
| Balance, December 31, 2024 | $443,738 | — | $— | — | $— | $— | $(250,169) | $9,111 | $202,680 | $912 | $203,592 |
| Reclassification of vested Legence Parent Series A Profits Interests from liabilities | 33 | — | — | — | — | — | — | — | 33 | — | 33 |
| Other comprehensive loss | — | — | — | — | — | — | — | (6,214) | (6,214) | — | (6,214) |
| Net (loss) income | — | — | — | — | — | — | (21,213) | — | (21,213) | 2,074 | (19,139) |
| Balance, March 31, 2025 | 443,771 | — | — | — | — | — | (271,382) | 2,897 | 175,286 | 2,986 | 178,272 |
| Reclassification of vested Legence Parent Series A Profits Interests from liabilities | 228 | — | — | — | — | — | — | — | 228 | — | 228 |
| Other comprehensive loss | — | — | — | — | — | — | — | (2,057) | (2,057) | — | (2,057) |
| Net (loss) income | — | — | — | — | — | — | (5,270) | — | (5,270) | 1,401 | (3,869) |
| Balance, June 30, 2025 | 443,999 | — | — | — | — | — | (276,652) | 840 | 168,187 | 4,387 | 172,574 |
| Reclassification of vested Legence Parent interests from liabilities | 49 | — | — | — | — | — | — | — | 49 | — | 49 |
| Effect of the Corporate Reorganization | (444,048) | 29,022,940 | 290 | 46,680,762 | 467 | 443,291 | — | — | — | — | — |
| Tax receivable agreement net liability | — | — | — | — | — | (138,073) | — | — | (138,073) | — | (138,073) |
| Reclassification of Series A Interests and Restricted Series C Interests from liability to equity | — | — | — | — | — | 36,358 | — | — | 36,358 | — | 36,358 |
| Issuance of Class A common stock net of underwriting discounts, commissions, and offering costs | — | 29,487,627 | 295 | — | — | 751,547 | — | — | 751,842 | — | 751,842 |
| Allocation of equity to noncontrolling interests | — | — | — | — | — | (431,262) | — | 876 | (430,386) | 430,386 | — |
| Stock-based compensation for RSUs and stock options | — | — | — | — | — | 554 | — | — | 554 | — | 554 |
| Contribution from Legence Parent for Series A Interests and Restricted Series C Interests | — | — | — | — | — | — | — | — | — | 3,191 | 3,191 |
| Contribution from Legence Parent II for Series A Interests | — | — | — | — | — | 1,884 | — | — | 1,884 | — | 1,884 |
| Other comprehensive (loss) income | — | — | — | — | — | — | — | (1,964) | (1,964) | 679 | (1,285) |
| Net (loss) income | — | — | — | — | — | — | (576) | — | (576) | 955 | 379 |
| Balance, September 30, 2025 | $— | 58,510,567 | $585 | 46,680,762 | $467 | $664,299 | $(277,228) | $(248) | $387,875 | $439,598 | $827,473 |
Condensed Consolidated Statements of Changes in Equity - (Continued)
| Member's Equity | Accumulated Deficit | Accumulated Other Comprehensive Income | Total Legence Member's Equity | Non-controlling Interests | Total Equity | |
|---|---|---|---|---|---|---|
| Balance, December 31, 2023 | $722,378 | $(221,614) | $22,166 | $522,930 | $— | $522,930 |
| Legence Parent issuance of Legence Parent interests for acquisitions | 20,719 | — | — | 20,719 | — | 20,719 |
| Cash contributions from Legence Parent | 300 | — | — | 300 | — | 300 |
| Cash distributions to Legence Parent | (212) | — | — | (212) | — | (212) |
| Reclassification of vested Legence Parent Series A Profits Interests from liabilities | 88 | — | — | 88 | — | 88 |
| Other comprehensive income | — | — | 5,294 | 5,294 | — | 5,294 |
| Net loss | — | (14,957) | — | (14,957) | — | (14,957) |
| Balance, March 31, 2024 | 743,273 | (236,571) | 27,460 | 534,162 | — | 534,162 |
| Legence Parent issuance of Legence Parent interests for acquisitions | 1,381 | — | — | 1,381 | — | 1,381 |
| Cash contributions from Legence Parent | 100 | — | — | 100 | — | 100 |
| Cash distributions to Legence Parent | (1,450) | — | — | (1,450) | — | (1,450) |
| Other comprehensive loss | — | — | (2,787) | (2,787) | — | (2,787) |
| Net income | — | 6,190 | — | 6,190 | — | 6,190 |
| Balance, June 30, 2024 | 743,304 | (230,381) | 24,673 | 537,596 | — | 537,596 |
| Other comprehensive loss | — | — | (22,143) | (22,143) | — | (22,143) |
| Net (loss) income | — | (1,083) | — | (1,083) | 407 | (676) |
| Balance, September 30, 2024 | $743,304 | $(231,464) | $2,530 | $514,370 | $407 | $514,777 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.