TIC Solutions, Inc.

TIC Solutions, Inc. reported FY 2025 revenue of $1.53B, a significant increase driven primarily by the acquisition of NV5 Global, Inc. on August 4, 2025, which contributed $431.4M in incremental revenue. Despite the revenue growth, the company recorded a net loss of $87.1M, compared to a net loss of $15.7M for the predecessor period from January 1 to July 29, 2024. The net loss was driven by a loss from operations of $17.1M and high interest expense of $87.6M, partially offset by an income tax benefit of $11.1M. Gross profit was $449.4M, yielding a gross margin of 29.4%. The company generated $95.0M in net cash from operating activities, but used $874.1M in investing activities, largely for business acquisitions. Total assets stood at $4.40B, with total liabilities of $2.22B and stockholders' equity of $2.18B.

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