Earnings ·
Southland Holdings reported a significant deterioration in financial performance for the quarter ended June 30, 2026
SLND-WTSouthland Holdings, Inc.
Southland Holdings reported a significant deterioration in financial performance for the quarter ended June 30, 2026. Revenue fell 47.4% to $113.3 million from $215.4 million in the prior year period. The company recorded a gross loss of $71.2 million and a net loss attributable to stockholders of $84.3 million, or $(1.55) per share, compared to a net loss of $10.3 million in 2025. The decline was primarily driven by unfavorable non-cash adjustments related to legacy disputes and unresolved contract modifications, which negatively impacted revenue by $102.3 million and gross profit by $93.6 million. EBITDA turned negative at $(73.4) million from a positive $4.2 million previously. Despite the losses, backlog remained substantial at $1.68 billion. Southland Holdings operates in the specialized infrastructure construction industry.