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Legence Corp. 10-Q Filings

LGN NASDAQ

Every 10-Q that Legence Corp. (LGN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow LGN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LGN filings page.

Rhea-AI Summary

Legence Corp. reported strong top-line growth but a larger loss for the quarter ended June 30, 2026. Revenue rose to $1,262.1 million from $598.9 million a year earlier, driven mainly by the Installation & Maintenance segment, which generated $1,055.2 million versus $402.8 million in 2025.

Despite higher gross profit of $220.2 million, the company posted a net loss attributable to Legence of $27.8 million, compared with a $5.3 million loss a year earlier, largely due to a $21.6 million goodwill impairment and a $19.5 million long‑lived asset impairment in Engineering & Consulting, plus significantly higher stock‑based and long‑term incentive compensation.

Legence generated strong cash from operations of $194.5 million for the first half of 2026, up from $62.5 million, and ended the period with $292.0 million in cash. Total debt increased to $1,041.4 million, including a $200.0 million incremental term loan used to finance acquisitions. Remaining performance obligations were $4,017.8 million, with 65% to 75% expected to be recognized as revenue within 12 months.

Rhea-AI Summary

Legence Corp reported strong growth for the quarter ended March 31, 2026. Revenue reached $1,037.9 million, up from $505.9 million a year earlier, driven mainly by the Installation & Maintenance segment. The company swung to a net income attributable to Legence of $16.1 million, compared with a $21.2 million loss in the prior-year period, with diluted earnings per share of $0.13.

Operating cash flow improved sharply to $120.1 million from $29.5 million, while Legence invested heavily in growth, spending $281.3 million in cash on acquisitions and completing the purchases of The Bowers Group and Metrix Engineers for total consideration of about $460.0 million. These deals added $77.6 million of goodwill and $324.4 million of new intangible assets.

Total assets increased to $3.48 billion, and total debt rose to $1.03 billion after a new $200.0 million term loan used to help finance acquisitions. The company reported remaining performance obligations of $4,196.5 million, with most expected to convert to revenue over the next few years, supporting visibility into future activity.

Rhea-AI Summary

Legence Corp. (LGN) filed its Q3 2025 10‑Q, reporting higher revenue and a leaner balance sheet following its IPO. Revenue reached $708,006 thousand, up from $560,804 thousand a year ago, with nine‑month revenue of $1,812,849 thousand versus $1,550,387 thousand. Income from operations was $37,197 thousand, but higher interest and a debt extinguishment charge led to a net loss attributable to Legence of $576 thousand for the quarter and $27,059 thousand year‑to‑date.

Operating cash flow improved to $162,124 thousand for the nine months. Cash and cash equivalents were $176,034 thousand as of September 30, 2025. Long‑term debt fell to $812,628 thousand (plus $16,301 thousand current) after the September IPO. The company sold 29,487,627 Class A shares at $28.00, generating $780.2 million in net proceeds used to repay debt and costs.

Installation & Maintenance led segment results with $495,834 thousand in Q3 revenue, while Engineering & Consulting delivered $212,172 thousand. Remaining performance obligations were approximately $2,317,800 thousand as of September 30, 2025. Subsequent events include two small acquisitions on October 1, 2025 and a signed agreement to acquire The Bowers Group, Inc. for an estimated $475,000 thousand, subject to customary closing conditions.