Legence Corp.
For the period ended Jun 30, 2026. Filed Aug 13, 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.
Jun 30, 2026 · Filed Aug 13, 2026
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 June 30, · Six Months Ended June 30, | |||||
|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | |||||
| Revenue | $1,262,127 | $598,890 | $2,300,020 | $1,104,843 | |
| Cost of revenue | 1,041,896 | 470,216 | 1,893,635 | 864,465 | |
| Gross profit | 220,231 | 128,674 | 406,385 | 240,378 | |
| Selling, general and administrative | 147,591 | 72,468 | 263,686 | 141,927 | |
| Depreciation and amortization | 37,972 | 25,344 | 74,800 | 51,436 | |
| Acquisition-related costs | 415 | 19 | 11,847 | 176 | |
| Gain on sale of property and equipment | (118) | (122) | (182) | (220) | |
| Goodwill impairment | 21,586 | — | 21,586 | — | |
| Long-lived asset impairment | 19,491 | — | 19,491 | — | |
| Equity in earnings of joint venture | (88) | (364) | (592) | (824) | |
| (Loss) income from operations | (6,618) | 31,329 | 15,749 | 47,883 | |
| Other expense (income): | |||||
| Interest expense (including $1,567 and $4,169 for the three months in 2026 and 2025, respectively, and $3,247 and $8,465 for the six months in 2026 and 2025, respectively, from related parties) | 16,911 | 30,404 | 33,911 | 60,045 | |
| Interest income | (1,914) | (764) | (3,234) | (1,519) | |
| Credit agreement amendment fees | 2,014 | 49 | 5,257 | 2,926 | |
| Loss on debt extinguishment | 13 | — | 13 | — | |
| Other income, net | (169) | (37) | (738) | (145) | |
| Total other expense, net | 16,855 | 29,652 | 35,209 | 61,307 | |
| (Loss) income before income tax | (23,473) | 1,677 | (19,460) | (13,424) | |
| Income tax expense (benefit) | 11,091 | 5,546 | (2,290) | 9,584 | |
| Net loss | (34,564) | (3,869) | (17,170) | (23,008) | |
| Net (loss) income attributable to noncontrolling interests | (6,723) | 1,401 | (5,423) | 3,475 | |
| Net loss attributable to Legence | $(27,841) | $(5,270) | $(11,747) | $(26,483) | |
| Loss per share: | |||||
| Basic | $(0.37) | $(0.16) | |||
| Diluted | $(0.37) | $(0.23) | |||
| Weighted-average Class A Common Stock outstanding: | |||||
| Basic | 76,032 | 71,616 | |||
| Diluted | 76,032 | 107,976 | |||
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