Southland Holdings, Inc. 8K

Southland Holdings, Inc. announced sharply deteriorated second quarter 2026 results marked by large non-cash claim write-downs, substantial losses, reduced backlog, and a growing stockholders’ deficit while it works to secure new financing and credit amendments with its surety partners.

Southland Holdings, Inc. reported very weak unaudited financial results for the quarter and six months ended June 30, 2026, including a 47% year-over-year revenue decline to $113.3 million, a swing from $13.0 million of gross profit to a $71.2 million gross loss and a net loss attributable to stockholders of $84.3 million (or $(1.55) per share) for the quarter, largely driven by unfavorable non-cash adjustments related to legacy disputes and a comprehensive reassessment that reduced the estimated recoverability of certain contract claims and modifications, resulting in a $102.3 million negative revenue impact and $93.6 million negative gross profit impact; EBITDA for the quarter fell to $(73.4) million, backlog decreased to $1.68 billion, liquidity weakened with cash and restricted cash down to $45.7 million and a stockholders’ deficit of $253.5 million, while management highlighted ongoing efforts to finalize a comprehensive financing agreement and credit amendment with surety partners and pointed to continued support from those sureties and recent project awards as evidence of core business strength during this transition.

Filing Facts

CIK

1883814

Ticker

-

Form

8K

Source Type

sec

Accession

0001829126-26-008712

Alert Tier

8