Southland Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $772.2M | $980.2M | $1.2B | $1.2B | $1.3B |
| Cost of revenue | $927.4M | $1.0B | $1.1B | $1.0B | $1.2B |
| Gross profit | -$155.3M | -$63.0M | $35.8M | $140.9M | $114.2M |
| Selling, general & administrative | $61.6M | $63.3M | $67.2M | $58.2M | $58.1M |
| Operating income | -$216.9M | -$126.3M | -$31.4M | $82.7M | $56.1M |
| Interest expense | $37.0M | $29.5M | $19.5M | $8.9M | $7.3M |
| Pretax income | — | — | — | $2.7M | — |
| Income tax expense | $56.5M | -$46.9M | -$8.5M | $13.3M | $10.9M |
| Net income | -$306.5M | -$105.4M | -$19.3M | $60.5M | $38.7M |
| Balance Sheet | |||||
| Cash and equivalents | $52.7M | $72.2M | $49.2M | $57.9M | $63.3M |
| Current assets | $734.0M | $881.7M | $942.5M | $867.3M | $1.5M |
| Total assets | $989.3M | $1.2B | $1.2B | $1.1B | $281.7M |
| Current liabilities | $655.0M | $621.1M | $584.0M | $476.1M | $83,301 |
| Total liabilities | $1.1B | $1.0B | $940.5M | $765.4M | $9.7M |
| Total debt | $262.7M | $306.6M | $300.9M | $273.8M | — |
| Stockholders' equity | -$140.9M | $163.7M | $249.6M | $349.4M | -$8.2M |
| Cash Flow Statement | |||||
| Cash from operations | $16.6M | $1.9M | -$10.3M | -$66.2M | -$90.6M |
| Depreciation and amortization | $23.2M | $22.0M | $29.9M | $44.6M | $45.0M |
| Capital expenditure | $3.8M | $7.4M | $10.8M | $4.8M | $18.8M |
| Free cash flow | $12.7M | -$5.5M | -$21.1M | -$71.0M | -$109.4M |
| Share repurchases | — | — | $74.6M | $1.2M | — |
Shares outstanding 54.2M
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.