Southland Holdings Inc Financials
This page shows Southland Holdings Inc (SLND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Southland Holdings Inc has an operating margin of -12.9%, meaning the company retains $-13 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -2.7% the prior year.
Southland Holdings Inc's revenue declined 15.5% year-over-year, from $1.2B to $980.2M. This contraction results in a growth score of 0/100.
Southland Holdings Inc has a moderate D/E ratio of 1.56. This balance of debt and equity financing earns a leverage score of 53/100.
Southland Holdings Inc's current ratio of 1.42 indicates adequate short-term liquidity, earning a score of 37/100. The company can meet its near-term obligations, though with limited headroom.
While Southland Holdings Inc generated $1.9M in operating cash flow, capex of $7.4M consumed most of it, leaving -$5.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Southland Holdings Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Southland Holdings Inc generates $-0.02 in operating cash flow ($1.9M OCF vs -$105.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Southland Holdings Inc earns $-4.3 in operating income for every $1 of interest expense (-$126.3M vs $29.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Southland Holdings Inc generated $980.2M in revenue in fiscal year 2024. This represents a decrease of 15.5% from the prior year.
Southland Holdings Inc's EBITDA was -$103.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11991.1% from the prior year.
Southland Holdings Inc generated -$5.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 74.0% from the prior year.
Southland Holdings Inc reported -$105.4M in net income in fiscal year 2024. This represents a decrease of 447.3% from the prior year.
Southland Holdings Inc earned $-2.19 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 434.1% from the prior year.
Southland Holdings Inc held $72.2M in cash against $255.6M in long-term debt as of fiscal year 2024.
Southland Holdings Inc had 54M shares outstanding in fiscal year 2024. This represents an increase of 12.6% from the prior year.
Southland Holdings Inc's gross margin was -6.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 9.5 percentage points from the prior year.
Southland Holdings Inc's operating margin was -12.9% in fiscal year 2024, reflecting core business profitability. This is down 10.2 percentage points from the prior year.
Southland Holdings Inc's net profit margin was -10.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.1 percentage points from the prior year.
Southland Holdings Inc invested $7.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 31.6% from the prior year.
SLND Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $213.3M-0.9% | $215.4M-10.1% | $239.5M-10.4% | $267.3M+6.3% | $251.5M-12.7% | $288.1M-8.9% | $316.2M+1.2% | $312.5M |
| Cost of Revenue | $210.1M+4.0% | $202.0M-7.3% | $218.0M-16.0% | $259.6M-11.0% | $291.5M+8.9% | $267.7M-9.3% | $295.1M+4.3% | $282.9M |
| Gross Profit | $3.3M-75.5% | $13.4M-37.8% | $21.5M+180.2% | $7.7M+119.2% | -$40.0M-296.0% | $20.4M-3.4% | $21.1M-28.4% | $29.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $14.6M+7.5% | $13.6M-17.6% | $16.5M+4.8% | $15.7M+0.2% | $15.7M+8.9% | $14.4M-27.8% | $19.9M+30.7% | $15.2M |
| Operating Income | -$11.3M-5312.4% | -$209K-104.2% | $5.0M+162.4% | -$8.0M+85.6% | -$55.7M-1024.2% | $6.0M+399.3% | $1.2M-91.5% | $14.3M |
| Interest Expense | $9.2M-8.2% | $10.0M+12.5% | $8.9M-7.7% | $9.6M+43.1% | $6.7M+18.8% | $5.7M-0.5% | $5.7M-8.8% | $6.2M |
| Income Tax | $57.2M+93860.7% | -$61K+80.5% | -$313K+97.8% | -$14.1M+11.7% | -$16.0M-5299.0% | $307K-89.5% | $2.9M-45.8% | $5.4M |
| Net Income | -$75.3M-630.3% | -$10.3M-126.4% | -$4.6M-9.6% | -$4.2M+91.0% | -$46.1M-11249.0% | -$406K+92.7% | -$5.6M-246.4% | $3.8M |
| EPS (Diluted) | $-1.39-631.6% | $-0.19-137.5% | $-0.080.0% | $-0.08+91.7% | $-0.96-9500.0% | $-0.01+90.9% | $-0.11-237.5% | $0.08 |
SLND Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B-4.2% | $1.2B-1.5% | $1.2B-0.1% | $1.2B-4.7% | $1.3B+2.9% | $1.2B+2.2% | $1.2B+1.8% | $1.2B |
| Current Assets | $869.7M+0.3% | $867.2M-2.0% | $885.0M+0.4% | $881.7M-10.1% | $980.6M+1.4% | $967.1M+2.6% | $942.5M+3.7% | $908.9M |
| Cash & Equivalents | $40.5M-13.0% | $46.5M-28.5% | $65.1M-9.9% | $72.2M+37.9% | $52.4M+67.6% | $31.2M-36.5% | $49.2M+52.7% | $32.2M |
| Inventory | N/A | N/A | N/A | $4.5M | N/A | N/A | $5.5M | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M |
| Total Liabilities | $1.0B+2.8% | $1.0B-1.0% | $1.0B+0.2% | $1.0B-1.9% | $1.0B+8.4% | $966.4M+2.8% | $940.5M+2.9% | $913.8M |
| Current Liabilities | $672.0M+5.5% | $636.7M-0.3% | $638.3M+2.8% | $621.1M-19.4% | $770.2M+27.0% | $606.3M+3.8% | $584.0M+6.6% | $548.0M |
| Long-Term Debt | $216.4M-5.8% | $229.7M-4.8% | $241.3M-5.6% | $255.6M+47.6% | $173.2M-32.2% | $255.6M+1.5% | $251.9M-3.6% | $261.2M |
| Total Equity | $75.0M-50.4% | $151.1M-5.0% | $159.1M-2.8% | $163.7M-19.5% | $203.3M-18.5% | $249.3M-0.1% | $249.6M-1.6% | $253.7M |
| Retained Earnings | -$214.7M-54.0% | -$139.5M-8.0% | -$129.2M-3.7% | -$124.6M-89.6% | -$65.7M-234.4% | -$19.7M-2.1% | -$19.3M-40.6% | -$13.7M |
SLND Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.9M+208.5% | -$5.4M-184.5% | $6.4M+162.3% | -$10.3M-137.6% | $27.4M+377.2% | -$9.9M-137.6% | $26.3M+201.4% | -$26.0M |
| Capital Expenditures | $561K-48.5% | $1.1M-39.4% | $1.8M+48.9% | $1.2M+9.2% | $1.1M-64.7% | $3.1M-7.2% | $3.4M+33.7% | $2.5M |
| Free Cash Flow | $5.3M+181.8% | -$6.5M-240.8% | $4.6M+140.2% | -$11.5M-143.8% | $26.3M+302.1% | -$13.0M-156.7% | $23.0M+180.6% | -$28.5M |
| Investing Cash Flow | $2.3M+749.3% | -$359K-132.1% | $1.1M+20.1% | $930K-72.8% | $3.4M+890.3% | -$432K-108.6% | $5.0M+281.8% | -$2.7M |
| Financing Cash Flow | -$14.2M-16.9% | -$12.1M+13.4% | -$14.0M-44.9% | -$9.7M-18.4% | -$8.2M-17.5% | -$6.9M+51.5% | -$14.3M-167.0% | $21.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SLND Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.5%-4.7pp | 6.2%-2.8pp | 9.0%+6.1pp | 2.9%+18.8pp | -15.9%-23.0pp | 7.1%+0.4pp | 6.7%-2.8pp | 9.4% |
| Operating Margin | -5.3%-5.2pp | -0.1%-2.2pp | 2.1%+5.1pp | -3.0%+19.1pp | -22.1%-24.2pp | 2.1%+1.7pp | 0.4%-4.2pp | 4.6% |
| Net Margin | -35.3%-30.5pp | -4.8%-2.9pp | -1.9%-0.3pp | -1.6%+16.8pp | -18.3%-18.2pp | -0.1%+1.6pp | -1.8%-3.0pp | 1.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.5% |
| Return on Assets | -6.6%-5.8pp | -0.9%-0.5pp | -0.4%-0.0pp | -0.4%+3.3pp | -3.6%-3.6pp | -0.0%+0.4pp | -0.5%-0.8pp | 0.3% |
| Current Ratio | 1.29-0.1 | 1.36-0.0 | 1.39-0.0 | 1.42+0.1 | 1.27-0.3 | 1.60-0.0 | 1.61-0.0 | 1.66 |
| Debt-to-Equity | 2.89+1.4 | 1.520.0 | 1.52-0.0 | 1.56+0.7 | 0.85-0.2 | 1.03+0.0 | 1.01-0.0 | 1.03 |
| FCF Margin | 2.5%+5.5pp | -3.0%-5.0pp | 1.9%+6.2pp | -4.3%-14.8pp | 10.5%+15.0pp | -4.5%-11.8pp | 7.3%+16.4pp | -9.1% |
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Frequently Asked Questions
What is Southland Holdings Inc's annual revenue?
Southland Holdings Inc (SLND) reported $980.2M in total revenue for fiscal year 2024. This represents a -15.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Southland Holdings Inc's revenue growing?
Southland Holdings Inc (SLND) revenue declined by 15.5% year-over-year, from $1.2B to $980.2M in fiscal year 2024.
Is Southland Holdings Inc profitable?
No, Southland Holdings Inc (SLND) reported a net income of -$105.4M in fiscal year 2024, with a net profit margin of -10.8%.
What is Southland Holdings Inc's earnings per share (EPS)?
Southland Holdings Inc (SLND) reported diluted earnings per share of $-2.19 for fiscal year 2024. This represents a -434.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Southland Holdings Inc's EBITDA?
Southland Holdings Inc (SLND) had EBITDA of -$103.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Southland Holdings Inc have?
As of fiscal year 2024, Southland Holdings Inc (SLND) had $72.2M in cash and equivalents against $255.6M in long-term debt.
What is Southland Holdings Inc's gross margin?
Southland Holdings Inc (SLND) had a gross margin of -6.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Southland Holdings Inc's operating margin?
Southland Holdings Inc (SLND) had an operating margin of -12.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Southland Holdings Inc's net profit margin?
Southland Holdings Inc (SLND) had a net profit margin of -10.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Southland Holdings Inc's free cash flow?
Southland Holdings Inc (SLND) generated -$5.5M in free cash flow during fiscal year 2024. This represents a 74.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Southland Holdings Inc's operating cash flow?
Southland Holdings Inc (SLND) generated $1.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Southland Holdings Inc's total assets?
Southland Holdings Inc (SLND) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Southland Holdings Inc's capital expenditures?
Southland Holdings Inc (SLND) invested $7.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Southland Holdings Inc have outstanding?
Southland Holdings Inc (SLND) had 54M shares outstanding as of fiscal year 2024.
What is Southland Holdings Inc's current ratio?
Southland Holdings Inc (SLND) had a current ratio of 1.42 as of fiscal year 2024, which is considered adequate.
What is Southland Holdings Inc's debt-to-equity ratio?
Southland Holdings Inc (SLND) had a debt-to-equity ratio of 1.56 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Southland Holdings Inc's return on assets (ROA)?
Southland Holdings Inc (SLND) had a return on assets of -8.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Southland Holdings Inc's Piotroski F-Score?
Southland Holdings Inc (SLND) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Southland Holdings Inc's earnings high quality?
Southland Holdings Inc (SLND) has an earnings quality ratio of -0.02x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Southland Holdings Inc cover its interest payments?
Southland Holdings Inc (SLND) has an interest coverage ratio of -4.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Southland Holdings Inc?
Southland Holdings Inc (SLND) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.