Southland Holdings, Inc.SLNDEarnings & Financial Report
Southland Holdings, Inc. is a leading North American infrastructure construction firm. It offers full-suite services for transportation projects including highways, bridges and airports, water and wastewater system construction, and commercial site development, serving both public sector and private industry clients across regional core markets.
Revenue
$215.4M
Gross Profit
$13.4M
Operating Profit
$-209.0K
Net Profit
$-10.3M
Gross Margin
6.2%
Operating Margin
-0.1%
Net Margin
-4.8%
YoY Growth
-14.4%
EPS
$-0.19
Southland Holdings, Inc. Q2 FY2025 Financial Summary
Southland Holdings, Inc. reported revenue of $215.4M (down 14.4% YoY) for Q2 FY2025, with a net profit of $-10.3M (up 77.6% YoY) (-4.8% margin). Cost of goods sold was $202.0M, operating expenses totaled $13.6M.
Key Financial Metrics
| Total Revenue | $215.4M |
|---|---|
| Net Profit | $-10.3M |
| Gross Margin | 6.2% |
| Operating Margin | -0.1% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Southland Holdings, Inc. Q2 FY2025 revenue of $215.4M breaks down across 2 segments, led by Transportation at $133.9M (62.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transportation | $133.9M | 62.1% |
| Civil | $81.5M | 37.9% |
Southland Holdings, Inc. Revenue by Segment — Quarterly Trend
Southland Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Transportation and Civil) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transportation | $45.6M | $113.9M | $133.9M | $136.6M |
| Civil | $58.4M | $99.5M | $81.5M | $102.9M |
Southland Holdings, Inc. Annual Revenue by Year
Southland Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $772.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $772.2M |
| 2024 | $980.2M |
| 2023 | $1.2B |
| 2022 | $1.2B |
Southland Holdings, Inc. Quarterly Revenue & Net Profit History
Southland Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $104.0M | -61.1% | $-216.4M | -208.2% |
| Q3 FY2025 | $213.3M | +23.1% | $-75.3M | -35.3% |
| Q2 FY2025 | $215.4M | -14.4% | $-10.3M | -4.8% |
| Q1 FY2025 | $239.5M | -16.9% | $-4.6M | -1.9% |
| Q4 FY2024 | $267.3M | -15.5% | $-4.2M | -1.6% |
| Q3 FY2024 | $173.3M | -44.5% | $-54.7M | -31.6% |
| Q2 FY2024 | $251.5M | -2.1% | $-46.1M | -18.3% |
| Q1 FY2024 | $288.1M | +4.8% | $-406.0K | -0.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $288.1M | $251.5M | $173.3M | $267.3M | $239.5M | $215.4M | $213.3M | $104.0M |
| YoY Growth | 4.8% | -2.1% | -44.5% | -15.5% | -16.9% | -14.4% | 23.1% | -61.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.23B | $1.26B | $1.19B | $1.20B | $1.20B | $1.19B | $1.14B | $989.3M |
| Liabilities | $966.4M | $1.05B | $1.03B | $1.03B | $1.03B | $1.02B | $1.05B | $1.12B |
| Equity | $249.3M | $203.3M | $149.1M | $163.7M | $159.1M | $151.1M | $75.0M | $-140.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-9.9M | $27.4M | $-5.3M | $-10.3M | $6.4M | $-5.4M | $5.9M | $9.7M |