TIC Solutions Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2024	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jul '23 Jul 29, 2023	Dec '22 Dec 31, 2022
Revenue	548.14	463.53	1,050	633.87	928.33
Revenue Growth (YoY)	-13.52%	-55.86%	65.66%	-31.72%	-
Cost of Revenue	430.37	359.85	810.53	471.88	725.38
Gross Profit	117.77	103.68	239.52	161.99	202.95
Selling, General & Admin	107.69	150.31	185.02	121.37	168.23
Other Operating Expenses	1.17	36	-	5.2	-
Total Operating Expenses	108.86	186.3	185.02	126.57	168.23
Operating Income	8.91	-82.63	54.5	35.41	34.72
Interest Expense	-31.46	-31.06	-60.02	-39.38	-24.16
Other Non-Operating Income (Expense)	1.9	2.98	1.24	-8.49	12.89
Total Non-Operating Income (Expense)	-29.56	-28.08	-58.78	-47.87	-11.27
Pretax Income	-20.65	-110.71	-4.28	-12.46	23.45
Provision for Income Taxes	5.37	-5.26	2.01	3.24	3.41
Net Income	-26.03	-105.45	-6.29	-15.7	20.04
Net Income to Common	-26.03	-105.45	-6.29	-15.7	20.04
Shares Outstanding (Basic)	133	-	5	5	5
Shares Outstanding (Diluted)	134	-	5	5	5
Shares Change (YoY)	2565.08%	-	-	-1.35%	-
EPS (Basic)	-0.42	-	-1.25	-3.13	3.99
EPS (Diluted)	-0.42	-	-1.25	-3.13	3.93
Shares Outstanding	202.04	-	-	-	-
Free Cash Flow	-	-10.61	73.67	6.11	16.91
Free Cash Flow Growth	-	-	1106.68%	-63.89%	-
Free Cash Flow Per Share	-	-0.09	14.66	1.21	3.32
Gross Margin	21.49%	22.37%	22.81%	25.56%	21.86%
Operating Margin	1.63%	-17.83%	5.19%	5.59%	3.74%
Profit Margin	-4.75%	-22.75%	-0.60%	-2.48%	2.16%
FCF Margin	-	-2.29%	7.02%	0.96%	1.82%
EBITDA	8.91	-35.31	149.32	81.19	121.16
EBITDA Margin	1.63%	-7.62%	14.22%	12.81%	13.05%
EBIT	8.91	-82.63	54.5	35.41	34.72
EBIT Margin	1.63%	-17.83%	5.19%	5.59%	3.74%
Effective Tax Rate	-26.02%	4.75%	-46.94%	-26.03%	14.53%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q