v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue $ 676,805 $ 407,847
Cost of revenue 557,732 348,748
Gross profit 119,073 59,099
Selling, general and administrative expenses (including non-cash compensation expense of $59,560 and $712 for the three months ended March 31, 2026 and 2025, respectively) 111,375 36,070
Amortization expense 14,879 13,768
Total operating expenses 126,254 49,838
Operating income (loss) (7,181) 9,261
Loss on debt extinguishment 10,688 0
Interest expense 6,897 12,691
Interest income (1,450) (3,272)
Other (income) loss, net (68) 82
Loss before income taxes (23,248) (240)
Income tax expense 4,166 262
Net loss (27,414) (502)
Less: net income (loss) attributable to non-controlling interests and LLC members prior to IPO (4,056) 212
Net loss attributable to SOLV Energy, Inc. $ (23,358) $ (714)
Net loss per share:    
Net loss per share, Basic $ (0.2)  
Net loss per share, Diluted $ (0.2)  
Weighted average shares outstanding, Basic 115,348,571  
Weighted average shares outstanding, Diluted 115,348,571