Financial Statements — TIC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Cash & Equivalents | 0.36 | 0.43 | 0.16 | 0.13 | 0.16 |
| Accounts Receivable | 0.38 | 0.34 | 0.38 | 0.26 | 0.21 |
| Total Current Assets | 1.01 | 1.02 | 0.79 | 0.40 | 0.38 |
| Property, Plant & Equipment | 0.24 | 0.25 | 0.26 | 0.19 | 0.18 |
| Goodwill | 1.66 | 1.65 | 1.56 | 0.88 | 0.85 |
| Intangible Assets | 1.31 | 1.35 | 1.53 | 0.74 | 0.73 |
| Total Non-current Assets* | 3.28 | 3.31 | 3.43 | 1.84 | 1.80 |
| Total Assets | 4.29 | 4.33 | 4.22 | 2.24 | 2.18 |
| Accounts Payable | 0.06 | 0.06 | 0.06 | 0.02 | 0.02 |
| Total Current Liabilities | 0.35 | 0.33 | 0.33 | 0.12 | 0.11 |
| Long-term Debt | 1.61 | 1.61 | 1.62 | 0.75 | 0.75 |
| Total Non-current Liabilities* | 1.85 | 1.86 | 1.94 | 0.94 | 0.94 |
| Total Liabilities | 2.20 | 2.20 | 2.27 | 1.06 | 1.05 |
| Retained Earnings | (0.25) | (0.24) | (0.15) | (0.13) | (0.13) |
| Total Stockholder Equity | 2.10 | 2.13 | 1.95 | 1.18 | 1.13 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Total Revenue | 584.35 | 488.03 | 508.27 | 473.89 | 313.93 | 234.22 |
| Cost of Revenue | 380.19 | 326.73 | 329.41 | 321.16 | 239.82 | 190.55 |
| Gross Profit | 204.16 | 161.30 | 178.86 | 152.73 | 74.10 | 43.67 |
| Selling, General & Admin | 193.32 | 150.33 | 192.65 | 140.49 | 55.24 | 52.46 |
| Total Operating Expenses | 193.32 | 190.36 | 198.36 | 159.24 | 55.75 | 53.11 |
| Operating Income | 10.84 | (29.06) | (19.49) | (6.51) | 18.35 | (9.44) |
| Pretax Income | (16.58) | (58.01) | (47.07) | (30.45) | 3.68 | (24.33) |
| Tax Provision | (3.23) | (16.46) | 0.13 | (16.56) | 3.91 | 1.47 |
| Net Income | (13.34) | (41.55) | (47.20) | (13.89) | (0.23) | (25.79) |
| Diluted EPS | -- | -- | -- | (0.08) | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Operating Cash Flow | (9.77) | 9.93 | 49.69 | 19.02 | (6.49) | 32.79 |
| Capital Expenditures | 19.68 | 5.70 | 12.57 | 8.69 | 8.02 | 4.48 |
| Free Cash Flow* | (29.45) | 4.23 | 37.12 | 10.33 | (14.50) | 28.32 |
| Investing Cash Flow | (25.09) | (8.29) | (17.64) | (828.04) | (16.19) | (12.21) |
| Financing Cash Flow | (27.91) | (12.91) | 241.86 | 844.18 | (4.70) | (5.60) |
* Derived from reported values
