Every 10-Q that TIC Solutions, Inc (TIC) 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 TIC 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 TIC filings page.
TIC Solutions, Inc. expanded significantly following the NV5 Global acquisition, with Q2 2026 revenue of $584,347 thousand compared with $313,925 thousand a year earlier and first‑half 2026 revenue of $1,072,376 thousand. Despite higher revenue, Q2 net loss was $13,342 thousand and first‑half net loss widened to $54,891 thousand, reflecting much larger selling, general and administrative expenses, higher interest on increased Term Loans, and greater depreciation and amortization on acquired intangibles.
Total assets were $4,292,521 thousand at June 30, 2026, including $1,661,520 thousand of goodwill and $1,311,901 thousand of intangible assets, funded in part by Term Loans of $1,631,804 thousand and $14,764 thousand of promissory notes. Cash and cash equivalents declined to $362,420 thousand after net cash provided by operating activities of $158 thousand, $33,380 thousand used for acquisitions and capital expenditures, $40,815 thousand used in financing activities, and repurchase of 1,878,217 common shares at an average price of $8.33 under a $200.0 million authorization.
The company now reports three segments—Inspection & Mitigation, Consulting & Engineering, and Geospatial—with first‑half 2026 revenues of $531,522 thousand, $394,012 thousand and $146,842 thousand, respectively. Remaining performance obligations were approximately $1.2 billion, with about $883 million expected to be recognized over the next 12 months, providing contracted revenue visibility.
TIC Solutions, Inc. reported strong top-line growth but a wider loss for the three months ended March 31, 2026. Revenue reached $488.0 million, up from $234.2 million a year earlier, largely from the August 2025 acquisition of NV5 Global, Inc.
Legacy Inspection and Mitigation revenue was roughly flat at $234.8 million, while new Consulting Engineering and Geospatial segments contributed $187.3 million and $65.9 million, respectively. Overall gross margin improved to 33% from 19%, reflecting the higher-margin NV5 businesses.
Despite margin expansion, higher operating costs, depreciation, amortization and interest tied to acquisition financing led to a larger net loss of $41.5 million versus $25.8 million last year. Cash and cash equivalents were $426.6 million, and term loans totaled about $1.63 billion. Management highlights $1.1 billion of remaining performance obligations and believes existing liquidity and credit capacity are sufficient for near-term needs.
TIC Solutions, Inc. reported third-quarter results and finalized a transformative acquisition. Q3 revenue was $473,888, with a net loss of $13,890 and diluted loss per share of $0.08. For the nine months ended September 30, 2025, revenue was $1,022,028 and net loss was $39,916 (diluted loss per share $0.29).
On August 4, 2025, TIC closed the NV5 Global acquisition for total consideration of $1,668,959 (cash $870,911, equity $768,304, replacement awards $29,744), funded in part by a new $875,000 term loan and an expanded $125,000 revolving facility. The deal added preliminary $688,165 of goodwill (total goodwill now $1,564,370) and identifiable intangibles of $821,900 (customer relationships, backlog, trade name, technology). Remaining performance obligations were $1.0 billion, with $833.6 million expected over the next 12 months.
Year‑to‑date operating cash flow was $45,330, investing used $(856,445) (driven by acquisitions), and financing provided $833,867. Term loans totaled $1,640,066 (total debt, net: $1,615,467). Common shares outstanding were 220,559,713 as of November 10, 2025.
Acuren Corporation reported mixed operating results for the quarter ended June 30, 2025. Service revenue was $313.9 million for the quarter and $548.1 million for the six months, modestly higher than the comparable predecessor periods, but gross profit declined as margins compressed to 24% for the quarter and 21.5% year-to-date. The company reported a small net loss of $0.2 million for the quarter and a net loss of $26.0 million for the six months, driven by lower high-margin turnaround activity, higher depreciation and amortization following the Acuren acquisition, and a valuation allowance recorded against interest carryforwards.
Liquidity and capital structure show $130.1 million of cash at June 30, 2025 and $769.2 million of principal outstanding under the Term Loan as of that date. Subsequent to the quarter, Acuren closed a material acquisition of NV5 for approximately $1.7 billion, funded with about $618.7 million cash and ~79.0 million shares, and amended its credit agreement to add $875.0 million of fungible term loans, increasing total term loans to $1.6 billion. The accounting for NV5 is incomplete and the company remains in compliance with its credit covenants as of June 30, 2025.