v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Payment Award, Stock Options, Valuation Assumptions The weighted-average assumptions used to estimate the fair value of stock options granted during the three months ended March 31, 2026 were as follows:
 
    
Three Months Ending March 31, 2026
 
Fair value of stock option
     12.0  
Risk-free interest rate
     3.78
Expected life (years)
(1)
     6.5  
Expected dividend yield
     —   
Volatility
     42
 
(i)
Expected life (years): The expected life was estimated using the simplified method due to a lack of historical exercise activity for the Company. The simplified method calculates the expected life as the
mid-point
between the vesting date and the contractual expiration date of the award.
Summary of Share-Based Payment Arrangement, Stock Appreciation Right, Activity
    
Time-vested
    
Performance-vested
    
MOIC-vested
    
Additional C Units
 
     Number of
Units
    Weighted
Average
Exercise
Price
     Number of
Units
    Weighted
Average
Exercise Price
     Number of
Units
    Weighted
Average
Exercise Price
     Number of
Units
    Weighted
Average
Exercise Price
 
Outstanding, December 31, 2025
     216,187     $ 200.16        123,953     $ 105.96        82,969     $ 106.09        79,007     $ 261.48  
Effect of Reorganization Transactions and IPO
     (216,187     200.16        (123,953     105.96        (82,969     106.09        (79,007     261.48  
Exchange of SOLV Energy Holdings LLC Equity Awards
     15,602,637       25.00        —        —         —        —         —        —   
Forfeited
     (13,728     25.00        —        —         —        —         —        —   
  
 
 
      
 
 
      
 
 
      
 
 
   
Outstanding, March 31, 2026
     15,588,909       25.00        —        —         —        —         —        —   
  
 
 
      
 
 
      
 
 
      
 
 
   
Vested, March 31, 2026
     9,593,243     $ 25.00        —      $ —         —      $ —         —      $ —