Legence Corp.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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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.
Sep 30, 2025 · Filed Nov 14, 2025
LGN$32.05-0.3%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
(In thousands, except per share data)
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | |||||
| Revenue | $708,006 | $560,804 | $1,812,849 | $1,550,387 | |
| Cost of revenue | 559,947 | 442,258 | 1,424,412 | 1,232,561 | |
| Gross profit | 148,059 | 118,546 | 388,437 | 317,826 | |
| Selling, general and administrative | 85,887 | 67,199 | 227,814 | 179,848 | |
| Depreciation and amortization | 24,183 | 25,475 | 75,619 | 70,738 | |
| Acquisition-related costs | 795 | 154 | 971 | 5,593 | |
| Loss (gain) on sale of property and equipment | 21 | — | (199) | — | |
| Equity in earnings of joint venture | (24) | (1,233) | (848) | (3,131) | |
| Income from operations | 37,197 | 26,951 | 85,080 | 64,778 | |
| Other expense (income): | |||||
| Interest expense (including $3,312 and $3,368 for the three months in 2025 and 2024, respectively, and $11,776 and $9,963 for the nine months in 2025 and 2024, respectively, from related parties) | 28,183 | 23,707 | 88,228 | 65,392 | |
| Interest income | (1,069) | (523) | (2,588) | (4,356) | |
| Loss on debt extinguishment | 5,685 | — | 5,685 | — | |
| Credit agreement amendment fees | 64 | — | 2,990 | 4,119 | |
| Other income, net | (123) | (121) | (268) | (434) | |
| Total other expense, net | 32,740 | 23,063 | 94,047 | 64,721 | |
| Income (loss) before income tax | 4,457 | 3,888 | (8,967) | 57 | |
| Income tax expense | 4,078 | 4,564 | 13,662 | 9,500 | |
| Net income (loss) | 379 | (676) | (22,629) | (9,443) | |
| Net income attributable to noncontrolling interests | 955 | 407 | 4,430 | 407 | |
| Net loss attributable to Legence | $(576) | $(1,083) | $(27,059) | $(9,850) | |
| Period from September 12, 2025 to September 30, 2025 · Period from September 12, 2025 to September 30, 2025 | |||||
| Net loss per Class A Common Stock—basic and diluted | $(0.02) | $(0.02) | |||
| Weighted-average Class A Common Stock outstanding—basic and diluted | 58,511 | 58,511 | |||
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