Southland Holdings, Inc. (SLND) Financial Statements
Industry: Heavy Construction Other Than Bldg Const - Contractors
In fiscal 2025, Southland reported revenue of $772.2M, down 21.2% from $980.2M the year before. Net income was -$306.5M (a -39.7% net margin), or -$5.67 per diluted share. Gross margin was -20.1% and operating margin was -28.1%. Operating activities generated $16.6M of cash, leaving $12.7M of free cash flow. At fiscal year end, Southland held $989.3M in total assets against $1.12B in total liabilities, including $52.7M of cash and equivalents.
Open the full interactive Southland financials → Quarterly statements, key ratios, valuation history and price charts.
Southland Key Stats
| Share Price | $0.81 |
|---|---|
| Market Cap | $43.7M |
| Revenue YoY Growth | -21.2% |
| 52-Week Range | $0.54 – $4.80 |
| Shares Outstanding | 54.2 million (basic, 2026 Q2) |
Southland Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $0 | $1.16B | $980.2M | $772.2M |
| Cost of Goods Sold | — | $1.12B | $1.04B | $927.4M |
| Gross Profit | — | $35.8M | -$63.0M | -$155.3M |
| Operating Income | -$1.3M | -$31.4M | -$126.3M | -$216.9M |
| Pre-Tax Income | $2.7M | -$27.8M | -$152.3M | -$250.0M |
| Income Tax | $800,905 | -$8.5M | -$46.9M | $56.5M |
| Net Income | $1.9M | -$19.3M | -$105.4M | -$306.5M |
| Diluted EPS | — | -$0.41 | -$2.19 | -$5.67 |
Southland Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $213.3M | $104.0M | $172.4M | $113.3M |
| Net Income | -$75.3M | -$216.4M | -$28.4M | -$84.3M |
| Diluted EPS | -$1.39 | -$4.00 | -$0.52 | -$1.55 |
Southland Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | — | $49.2M | $72.2M | $52.7M |
| Current Assets | $431,636 | $942.5M | $881.7M | $734.0M |
| Total Assets | $283.8M | $1.20B | $1.20B | $989.3M |
| Current Liabilities | $223,035 | $584.0M | $621.1M | $655.0M |
| Total Long-Term Debt | — | $300.4M | $300.1M | $257.7M |
| Total Liabilities | $9.9M | $940.5M | $1.03B | $1.12B |
| Shareholders' Equity | -$9.3M | $249.6M | $163.7M | -$140.9M |
Southland Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$1.7M | -$10.3M | $1.9M | $16.6M |
| Cash From Investing | $858,398 | $4.5M | $3.2M | $3.4M |
| Cash From Financing | — | -$2.6M | $18.8M | -$40.2M |
| Free Cash Flow | — | -$21.1M | -$5.5M | $12.7M |
Figures from Southland's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Southland financials page for every line item.
Southland Company Profile
| Ticker | SLND |
|---|---|
| Exchange | NYSE |
| Industry | Heavy Construction Other Than Bldg Const - Contractors |
| Headquarters | Grapevine, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001883814 |
Frequently Asked Questions
What was Southland's revenue in fiscal 2025?
Southland (SLND) reported revenue of $772.2M for fiscal 2025.
What is Southland's annual revenue history?
Southland's annual revenue by fiscal year: 2022: $0; 2023: $1.16B; 2024: $980.2M; 2025: $772.2M.
What was Southland's net income in fiscal 2025?
Southland reported net income of -$306.5M for fiscal 2025.
What was Southland's earnings per share (EPS) in fiscal 2025?
Southland's diluted EPS was -$5.67 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Southland generate in fiscal 2025?
Southland generated $12.7M of free cash flow in fiscal 2025.
What was Southland's revenue last quarter?
In its most recent reported quarter (2026 Q2), Southland reported revenue of $113.3M.
How much debt does Southland have?
Southland reported $257.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Southland are outstanding?
Southland reported a weighted average of 54.2 million basic shares outstanding in 2026 Q2.
What is Southland's market cap?
Based on its latest closing price, Southland (SLND) has a market capitalization of about $43.7M.
When does Southland's fiscal year end?
Southland's fiscal year end, as registered with the SEC, is December 31.
Where is Southland headquartered?
Southland lists its business address in Grapevine, Texas in its SEC filings.
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