Southland Holdings, Inc.

Listed Company

SLND-WTCIK 0001883814NYSEEmerging GrowthHeavy Construction Other Than Bldg Const - ContractorsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$772.17M

Net Income

$-306.54M

Total Assets

$989.28M

Equity

$-140.93M

Shares Out

54.22M

Op. Cash Flow

$16.58M

SLND$1.15−74.22% · past yearDBEQ Basic

Daily closing prices

Business

Southland Holdings, Inc. is a diversified specialty infrastructure construction contractor operating across North America. The company designs and constructs projects in bridges, tunnels, communications, transportation, facilities, marine, steel structures, water and wastewater treatment, and water pipelines. Southland operates through two reportable segments—Civil and Transportation—and emphasizes self-performance of work, owns a significant equipment fleet, and serves a mix of public and private sector customers. The company operates through six primary subsidiaries: Johnson Bros. Corporation, American Bridge Company, Oscar Renda Contracting, Southland Contracting, Mole Constructors, and Heritage Materials.

Summary from 10-K filed 2026-03-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	772	980	1,160	1,161	1,279
Cost of construction	927	1,043	1,125	1,020	1,165
Gross profit (loss)	−155	−63	36	141	114
Selling, general, and administrative expenses	62	63	67	58	58
Operating loss	−217	−126	−31	83	56
Gain (loss) on investments, net	291,000	−225,000	30,000	−76,000	898,000
Other income, net	2	4	24	2	3
Interest expense	−37	−30	−19	−9	—
Losses before income taxes	−252	−152	−27	76	52
Income tax expense (benefit)	56	−47	−9	13	11
Net loss	−308	−106	−19	63	42
Net income (loss) attributable to noncontrolling interests	−2	−163,000	538,000	2	3
Net loss attributable to Southland Stockholders	−307	−105	−19	61	39
Basic (in dollars per share)	−5.67	−2.19	−0.41	—	—
Diluted (in dollars per share)	−5.67	−2.19	−0.41	—	—
Basic (in shares)	54	48	47	—	—
Diluted (in shares)	54	48	47	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-07-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	53	72	—	49	58
Restricted cash	15	15	—	15	14
Accounts receivable, net	168	179	—	195	136
Retainage receivables	102	112	—	110	123
Contract assets	367	483	—	554	513
Other current assets	30	19	—	20	24
Total current assets	734	882	—	943	867
Property and equipment, net	107	116	—	102	114
Right-of-use assets	11	15	—	12	17
Investments - unconsolidated entities	130	127	—	122	114
Investments - limited liability companies	2	3	—	3	3
Investments - private equity	3	3	—	3	3
Deferred tax asset	3,000	55	—	11	—
Goodwill	2	2	—	2	2
Intangible assets, net	1	1	—	2	2
Other noncurrent assets	167,000	2	—	2	4
Total noncurrent assets	255	322	—	259	258
Total assets	989	1,204	—	1,201	1,125
Accounts payable	225	192	—	162	126
Retainage payable	37	34	—	41	34
Accrued liabilities	80	92	—	125	122
Current portion of long-term debt	54	45	—	48	46
Short-term lease liabilities	7	10	—	14	17
Contract liabilities	253	250	—	193	132
Total current liabilities	655	621	—	584	476
Long-term debt	204	256	—	252	227
Long-term lease liabilities	16	11	—	5	10
Deferred tax liabilities	3	292,000	—	3	3
Financing obligations, net	41	41	43	—	—
Long-term accrued liabilities	58	58	—	49	47
Other noncurrent liabilities	144	41	—	48	1
Total long-term liabilities	467	407	—	357	289
Total liabilities	1,122	1,028	—	941	765
Commitment and contingencies (Note 17)	—	—	—	—	—
Preferred stock, $0.0001 par value, authorized 50,000,000 shares, none issued and outstanding as of December 31, 2025 and December 31, 2024	—	—	—	—	24
Common stock, $0.0001 par value, authorized 500,000,000 shares, 54,113,036 and 53,936,411 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	5,000	5,000	—	5,000	831
Additional paid-in-capital	293	292	—	270	—
Accumulated deficit	−431	−125	—	−19	−9
Accumulated other comprehensive loss	−3	−4	—	−1	−3
Total stockholders' equity (deficit)	−141	164	—	250	349
Noncontrolling interest	8	12	—	11	10
Total equity (deficit)	−133	175	—	261	317
Total liabilities and equity	989	1,204	—	1,201	1,125

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	23	23	31	46	47
Amortization of deferred financing costs	2	—	—	—	—
Loss on extinguishment of debt	—	246,000	631,000	—	—
Deferred taxes	57	−45	−12	−2	−271,000
Change in fair value of earnout liability	—	—	−21	—	—
Share based compensation	1	2	891,000	—	—
Gain on sale of assets	−2	−3	−1	−3	−5
Foreign currency remeasurement gain	−49,000	−12,000	−109,000	548,000	136,000
Loss (earnings) from equity method investments	1	415,000	−8	−9	−7
TZC investment present value accretion	—	−3	−2	−2	−2
Loss (gain) on trading securities, net	−292,000	224,000	−26,000	−260,000	−1
Accounts receivable	23	10	−49	−18	−7
Contract assets	117	71	−43	−139	−2
Other current assets	−11	757,000	4	−1	−765,000
Right-of-use assets	4	−2	4	−1	6
Accounts payable, retainage payable and accrued liabilities	24	−4	47	−14	26
Contract liabilities	3	56	62	20	−189
Operating lease liabilities	−4	3	−4	1	−6
Other noncurrent liabilities	89	—	—	—	—
Other	−2	−2	367,000	−6	9
Net cash provided by (used in) operating activities	17	2	−10	−66	−91
Purchase of property and equipment	−4	−7	−11	−5	−19
Proceeds from sale of property and equipment	7	7	9	10	11
Purchase of trading securities	—	−89,000	—	—	−391,000
Proceeds from the sale of trading securities	403,000	401,000	61,000	927,000	175,000
Distributions received from equity method investees	—	—	7	—	—
Distributions received from investees	934,000	4	—	—	—
Capital contribution to unconsolidated investments	−915,000	−250,000	—	—	—
Capital contribution to equity method investees	—	—	−540,000	—	−150,000
Return of investment in limited liability company	267,000	—	—	—	—
Net cash provided by investing activities	3	3	4	6	−8
Borrowings on revolving credit facility	—	5	8	75	67
Payments on revolving credit facility	—	−95	−13	—	−82
Borrowings on notes payable	—	168	115	281,000	206
Payments on notes payable	−51	−90	−124	−43	−154
Proceeds from financing obligations	—	43	—	—	—
Payments of deferred financing costs	−297,000	−8	−565,000	—	−260,000
Pre-payment premium	—	−246,000	−471,000	—	—
Advances from (to) related parties	−3,000	12,000	−242,000	−2	—
Payments on finance lease and financing obligations	−1	−5	−5	−8	—
Capital contributions from noncontrolling members	—	2	—	—	926,000
Distribution to members	−2	—	−110,000	−2	−3
Payment of taxes related to net share settlement of RSUs	−120,000	−206,000	—	—	—
Proceeds from advancement of surety funds	14	—	17	—	—
Net cash provided by (used in) financing activities	−40	19	−3	20	31
Effect of exchange rate on cash	85,000	−195,000	195,000	1	−686,000
Net increase (decrease) in cash and cash equivalents and restricted cash	−20	24	−8	−39	−69
Cash paid for income taxes	1	2	8	10	14
Cash paid for interest	35	28	18	9	8
Lease assets obtained in exchange for new leases	12	19	14	20	16
Assets obtained in exchange for notes payable	7	27	11	4	—
Related party payable exchanged for note payable	—	4	—	—	—
Conversion of promissory notes payable to equity	—	20	—	—	—
Dissolution of joint venture	—	276,000	—	—	—
Issuance of post-merger earn out shares	—	—	35	—	—
Dividend financed with notes payable	—	—	50	—	—

Filings

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Frequently asked questions

What is Southland Holdings, Inc.'s CIK number?

Southland Holdings, Inc.'s SEC CIK number is 0001883814 (1883814). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Southland Holdings, Inc.'s SEC filings?

All of Southland Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Southland Holdings, Inc. last report earnings?

Southland Holdings, Inc. (SLND-WT) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001829126-26-005017). This is Southland Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Southland Holdings, Inc.'s most recent earnings 8-K?

Southland Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001829126-26-005017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Southland Holdings, Inc.'s latest earnings 8-K →
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