TIC Solutions, Inc.
Business
TIC Solutions, Inc. provides tech-enabled Testing, Inspection, Certification, Compliance, engineering, and geospatial services to industrial, infrastructure, and commercial real estate clients. The company offers nondestructive testing, rope access solutions, laboratory testing, engineering design, environmental services, and geospatial data collection with subscription-based software. TIC Solutions operates through three segments—Inspection and Mitigation, Consulting Engineering, and Geospatial—serving private and public-sector clients across North America, Europe, Asia, and the Middle East.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Revenue | 1,530 | 1,050 | |
| Cost of revenue | 1,081 | 811 | |
| Gross profit | 449 | 240 | |
| Selling, general and administrative expenses | 441 | — | |
| Transaction costs | 26 | — | |
| Income (loss) from operations | −17 | — | |
| Interest expense, net | 88 | — | |
| Loss on extinguishment of debt | 0 | — | |
| Other income, net | −7 | — | |
| Loss before income tax provision (benefit) | −98 | — | |
| Provision (benefit) for income taxes | −11 | — | |
| Net loss | −87 | — | |
| Dividends | −7 | — | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | 596,000 | — | |
| Net loss allocated to common stockholders | −93 | — | |
| Foreign currency translation adjustments | 47 | — | |
| Total other comprehensive income (loss) | −41 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 440 | 139 | — | |
| Accounts receivable, net | 366 | 213 | — | |
| Contract assets, net | 154 | 24 | — | |
| Prepaid expenses and other current assets | 61 | 19 | — | |
| Total current assets | 1,021 | 394 | — | |
| Property and equipment, net | 256 | 189 | — | |
| Operating lease right-of-use assets, net | 60 | 30 | — | |
| Goodwill | 1,650 | 846 | 0 | |
| Intangible assets, net | 1,391 | 741 | — | |
| Deferred tax assets | 1 | 800,000 | — | |
| Other assets | 17 | 7 | — | |
| Total assets | 4,396 | 2,208 | — | |
| Accounts payable | 60 | 14 | — | |
| Accrued expenses and other current liabilities | 152 | 66 | — | |
| Contract liabilities | 48 | 2 | — | |
| Current portion of long-term debt | 26 | 8 | — | |
| Current portion of lease obligations | 34 | 17 | — | |
| Total current liabilities | 319 | 106 | — | |
| Long-term debt, net of current portion | 1,588 | 747 | — | |
| Non-current lease obligations | 66 | 41 | — | |
| Deferred tax liabilities | 223 | 151 | — | |
| Other non-current liabilities | 21 | 12 | — | |
| Total liabilities | 2,216 | 1,057 | — | |
| Commitments and Contingencies | — | — | — | |
| Series A Preferred Stock, $0.0001 par value, 1,000,000 shares issued and outstanding | 0 | 0 | — | |
| Common stock, $0.0001 par value, 220,485,045 and 121,476,215 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 21,000 | 12,000 | — | |
| Additional paid-in capital | 2,363 | 1,294 | — | |
| Accumulated deficit | −194 | −107 | — | |
| Accumulated other comprehensive income (loss) | 11 | −35 | — | |
| Total stockholders' equity | 2,180 | 1,151 | 556 | |
| Total liabilities and stockholders' equity | 4,396 | 2,208 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Depreciation and amortization | 178 | 95 | |
| Noncash lease expense | 17 | — | |
| Share-based compensation expense | 17 | — | |
| Amortization of deferred financing costs | 5 | — | |
| Fair value adjustments on interest rate derivatives | 0 | — | |
| Deferred taxes | −33 | — | |
| Other | 3 | — | |
| Accounts receivable | 41 | — | |
| Contract assets | −6 | — | |
| Prepaid expenses and other current assets | −5 | — | |
| Accounts payable | −1 | — | |
| Accrued expenses and other current liabilities | −12 | — | |
| Operating lease obligations | −16 | — | |
| Contract liabilities | −1 | — | |
| Other assets and liabilities | −5 | — | |
| Net cash provided by operating activities | 95 | — | |
| Business acquisitions, net of cash acquired | −845 | — | |
| Purchases of property and equipment | −34 | — | |
| Proceeds from sale of property and equipment | 5 | — | |
| Net cash used in investing activities | −874 | — | |
| Proceeds from long-term borrowings | 875 | — | |
| Payments on long-term borrowings | −12 | — | |
| Payments of debt issuance costs | −24 | — | |
| Payments on finance lease obligations and other long-term debt | −13 | — | |
| Dividends paid to stockholder | 0 | — | |
| Proceeds from issuance of common shares and exercise of warrants, net of issuance costs | 250 | — | |
| Net cash provided by (used in) financing activities | 1,076 | — | |
| Net effect of exchange rate fluctuations on cash and cash equivalents | 4 | — | |
| Net change in cash and cash equivalents | 300 | — | |
| Interest paid | 81 | — | |
| Income taxes paid | 28 | — | |
| Equity consideration issued for business combinations | 798 | — | |
| Purchase of property and equipment accrued and not yet paid | 7 | — | |
| Notes payable and other obligations issued for acquisitions | 7 | — | |
| Settlement of derivative liability | 0 | — | |
| Operating leases | 45 | — | |
| Finance leases | 21 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is TIC Solutions, Inc.'s CIK number?
TIC Solutions, Inc.'s SEC CIK number is 0002032966 (2032966). 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 TIC Solutions, Inc.'s SEC filings?
All of TIC Solutions, 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 TIC Solutions, Inc. last report earnings?
TIC Solutions, Inc. (TIC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030884). This is TIC Solutions, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is TIC Solutions, Inc.'s most recent earnings 8-K?
TIC Solutions, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-030884. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View TIC Solutions, Inc.'s latest earnings 8-K →
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