Legence Corp. reported its fourth quarter and full year 2025 financial results, announcing record quarterly revenues of $737.6 million, a 34.6% increase from the prior year, and record total backlog and awards of $3.7 billion. The company also provided first quarter and raised full year 2026 financial guidance.
Key takeaways
Record quarterly revenues of $737.6 million for Q4 2025, a 34.6% increase from Q4 2024.
Record total backlog and awards of $3.7 billion as of December 31, 2025, a 49% increase from a year ago.
Non-GAAP Adjusted EBITDA for Q4 2025 was $87.0 million, a 53.2% increase from Q4 2024.
Provided Q1 2026 guidance for revenue of $925 million to $950 million and Non-GAAP Adjusted EBITDA of $90 million to $100 million.
Raised full year 2026 guidance for revenue to $3.7 billion to $3.9 billion and Non-GAAP Adjusted EBITDA to $400 million to $430 million.
Net loss attributable to Legence for Q4 2025 was $32.7 million, or $(0.55) per diluted share.