Southland Holdings, Inc. (SLND)

Southland Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	935.46	980.18	1,160	1,161	1,279	1,058
Revenue Growth (YoY)	-9.10%	-15.53%	-0.09%	-9.21%	20.91%	0.98%
Cost of Revenue	889.68	1,043	1,125	1,020	1,165	964.54
Gross Profit	45.78	-63.04	35.81	140.93	114.19	93.4
Selling, General & Admin	60.33	63.27	67.2	58.23	58.14	44.65
Operating Expenses	60.33	63.27	67.2	58.23	58.14	44.65
Operating Income	-14.55	-126.31	-31.38	82.7	56.05	48.75
Interest Expense	-37.64	-29.51	-19.47	-8.89	-7.26	-8.1
Interest & Investment Income	-	-	-	-	-	2.07
Other Non Operating Income (Expenses)	-0.43	0.44	2.19	-1.17	-2.39	-0.72
EBT Excluding Unusual Items	-52.62	-155.39	-48.66	72.64	46.41	42
Merger & Restructuring Charges	-	-	-	-	-	-5
Gain (Loss) on Sale of Investments	-0.08	-0.23	0.03	-0.08	0.9	-
Gain (Loss) on Sale of Assets	3.44	3.44	1.33	3.38	5.17	2.56
Other Unusual Items	-0.25	-0.25	20.06	-	-	-
Pretax Income	-49.5	-152.42	-27.24	75.94	52.48	39.56
Income Tax Expense	42.72	-46.89	-8.53	13.29	10.95	9.41
Earnings From Continuing Operations	-92.23	-105.53	-18.72	62.65	41.53	30.15
Minority Interest in Earnings	-2.05	0.16	-0.54	-2.11	-2.81	3.52
Net Income	-94.28	-105.37	-19.25	60.54	38.72	33.67
Preferred Dividends & Other Adjustments	-	-	-	-	-	1.04
Net Income to Common	-94.28	-105.37	-19.25	60.54	38.72	32.63
Net Income Growth	-	-	-	56.36%	15.00%	10.58%
Shares Outstanding (Basic)	53	48	47	-	-	-
Shares Outstanding (Diluted)	53	48	47	-	-	-
Shares Change (YoY)	9.48%	2.09%	-	-	-	-
EPS (Basic)	-1.79	-2.19	-0.41	-	-	-
EPS (Diluted)	-1.79	-2.19	-0.41	-	-	-
Free Cash Flow	-8.07	-5.49	-21.11	-70.97	-109.37	-81.17
Free Cash Flow Per Share	-0.15	-0.11	-0.45	-	-	-
Gross Margin	4.89%	-6.43%	3.09%	12.13%	8.93%	8.83%
Operating Margin	-1.55%	-12.89%	-2.70%	7.12%	4.38%	4.61%
Profit Margin	-10.08%	-10.75%	-1.66%	5.21%	3.03%	3.08%
Free Cash Flow Margin	-0.86%	-0.56%	-1.82%	-6.11%	-8.55%	-7.67%
EBITDA	9.36	-103.02	-0.85	128.4	103.52	88.12
EBITDA Margin	1.00%	-10.51%	-0.07%	11.05%	8.09%	8.33%
D&A For EBITDA	23.9	23.3	30.53	45.7	47.47	39.37
EBIT	-14.55	-126.31	-31.38	82.7	56.05	48.75
EBIT Margin	-1.55%	-12.89%	-2.70%	7.12%	4.38%	4.61%
Effective Tax Rate	-	-	-	17.50%	20.86%	23.78%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q