v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 384,911 $ 394,876
Accounts receivable, net 285,039 269,044
Contract assets 157,875 156,744
Capitalized project development costs 13,297 17,734
Prepaid and other current assets 105,528 60,887
Total current assets 946,650 899,285
Property and equipment, net 116,137 106,383
Operating lease right-of-use assets 7,598 8,010
Goodwill 429,035 429,279
Intangible assets, net 347,511 362,390
Deferred tax assets 101,302 0
Other long-term assets 8,373 10,925
Total assets 1,956,606 1,816,272
LIABILITIES AND STOCKHOLDERS'/MEMBERS' EQUITY    
Accounts payable and accrued expenses 524,898 562,218
Contract liabilities 346,295 308,619
Current portion of equipment financing 6,617 6,526
Current portion of lease liabilities 14,461 12,978
Current portion of long-term debt 0 2,498
Total current liabilities 892,271 892,839
Term debt, long term 0 391,988
Equipment financing, long-term 19,703 21,317
Lease liabilities, long-term 39,742 36,559
Tax receivable agreement 172,344 0
Other long-term liabilities 21,322 18,344
Total liabilities 1,145,382 1,361,047
Commitments and Contingencies - See Note 12
Member's equity:    
Total member's equity 0 550,334
Stockholders' equity:    
Additional paid-in capital 455,857 0
Accumulated deficit (23,358) (98,139)
Total stockholders' equity to SOLV Energy, Inc. 432,520 (98,139)
Non-controlling interest 378,704 3,030
Total members'/stockholders' equity 811,224 455,225
Total liabilities and stockholders'/member's equity 1,956,606 1,816,272
Common Class A [Member]    
Stockholders' equity:    
Common stock 12 0
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 9 $ 0