Revenue: As of FY2026 Q1, the actual value is USD 488.03 M, beating the estimate of USD 475.4 M.EPS: As of FY2026 Q1, the actual value is USD -0.19.EBIT: As of FY2026 Q1, the actual value is USD -28.99 M.<h3>Overall Financial Performance</h3>TIC Solutions, Inc. reported total revenue of $488,029 thousand for the three months ended March 31, 2026, an increase of 108% from $234,215 thousand in the same period of 2025. Cost of revenue increased by 71% to $326,728 thousand in Q1 2026 from $190,546 thousand in Q1 2025. Gross profit significantly increased by 269% to $161,301 thousand in Q1 2026 from $43,669 thousand in Q1 2025, with the gross profit margin rising to 33.1% from 18.6%. Selling, general and administrative (SG&amp;A) expenses rose by 277% to $150,328 thousand in Q1 2026 from $39,872 thousand in Q1 2025. Total depreciation and amortization expense increased by 106% to $58,880 thousand in Q1 2026 from $28,599 thousand in Q1 2025. The company reported a net loss of - $41,549 thousand for Q1 2026, compared to a net loss of - $25,793 thousand for Q1 2025.<h3>Segmented Financial Metrics</h3><h4>Inspection and Mitigation Segment</h4><ul><li>Revenue: $234,827 thousand for Q1 2026, a slight increase of 0.3% from $234,215 thousand in Q1 2025. </li><li>Cost of Revenue: $194,066 thousand for Q1 2026, up from $190,546 thousand in Q1 2025. </li><li>Gross Profit: $40,761 thousand for Q1 2026, a decrease of -6.7% from $43,669 thousand in Q1 2025. </li><li>Depreciation and Amortization: $16,723 thousand for Q1 2026, compared to $15,597 thousand in Q1 2025. </li><li>Total Assets: $1,982,840 thousand as of March 31, 2026, compared to $1,986,435 thousand as of March 31, 2025. </li><li>Long-lived Assets: $163,822 thousand as of March 31, 2026, compared to $183,473 thousand as of March 31, 2025. </li></ul><h4>Consulting Engineering Segment</h4><ul><li>Revenue: $187,341 thousand for Q1 2026. </li><li>Cost of Revenue: $98,191 thousand for Q1 2026. </li><li>Gross Profit: $89,150 thousand for Q1 2026. </li><li>Depreciation and Amortization: $1,686 thousand for Q1 2026. </li><li>Total Assets: $1,160,672 thousand as of March 31, 2026. </li><li>Long-lived Assets: $10,700 thousand as of March 31, 2026. </li></ul><h4>Geospatial Segment</h4><ul><li>Revenue: $65,861 thousand for Q1 2026. </li><li>Cost of Revenue: $34,471 thousand for Q1 2026. </li><li>Gross Profit: $31,390 thousand for Q1 2026. </li><li>Depreciation and Amortization: $2,714 thousand for Q1 2026. </li><li>Total Assets: $626,315 thousand as of March 31, 2026. </li><li>Long-lived Assets: $44,481 thousand as of March 31, 2026. </li></ul><h3>Cash Flow and Liquidity</h3><ul><li>Net Cash Provided by Operating Activities: $9,925 thousand for Q1 2026, a decrease from $32,792 thousand in Q1 2025. </li><li>Net Cash Used in Investing Activities: - $8,294 thousand for Q1 2026, a decrease from - $12,213 thousand in Q1 2025. </li><li>Net Cash Used in Financing Activities: - $12,907 thousand for Q1 2026, an increase from - $5,605 thousand in Q1 2025. </li><li>Net Change in Cash and Cash Equivalents: - $12,972 thousand for Q1 2026, compared to $16,605 thousand in Q1 2025. </li><li>Cash and Cash Equivalents: $426,564 thousand as of March 31, 2026, down from $439,536 thousand as of December 31, 2025. </li><li>Long-term Debt: $1,585,424 thousand, net of current portion, as of March 31, 2026. </li></ul><h3>Strategic Initiatives and Outlook</h3>TIC Solutions, Inc. completed the NV5 Acquisition on August 4, 2025, which significantly expanded its service offerings and market presence. The company’s Board of Directors approved a share repurchase program of up to $200 million of its common stock on March 10, 2026, though no shares have been repurchased as of March 31, 2026. The company anticipates its current liquidity, future cash flows, and access to capital markets will be sufficient to fund operations, service debt, and comply with covenants for the next 12 months, including funding capital expenditures and strategic acquisitions.

TIC Solutions | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 488.03 M