TIC Solutions, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 5, 2026, reporting third-quarter revenue of $639.6 million and a net loss of $11.1 million.

Key Highlights

  • Quarterly revenue: $639,620 thousand for the three months ended September 30, 2026, up from $473,888 thousand in the same period of 2025, according to the filing.
  • Net loss: $11,112 thousand for Q3 2026, compared to a net loss of $13,890 thousand in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Nine-month net loss: $66,003 thousand for the nine months ended September 30, 2026, versus $39,916 thousand for the same period in 2025.
  • Total assets: $4,400,603 thousand as of September 30, 2026, compared to $4,396,309 thousand as of December 31, 2025.
  • Cash and cash equivalents: $197,908 thousand as of September 30, 2026, down from $439,536 thousand at December 31, 2025.
  • Shares outstanding: 218,228,113 shares of common stock outstanding as of October 30, 2026, per the cover page of the filing.
  • Basic and diluted loss per share: $(0.05) for common stock in Q3 2026, and $(0.30) for the nine months ended September 30, 2026.

TIC Solutions Reports Q3 2026 Financial Results with Rising Revenue and Narrowed Quarterly Loss

According to the Form 10-Q filed by TIC Solutions, Inc. (NYSE:TIC) for the quarterly period ended September 30, 2026, the company reported revenue of $639,620 thousand for the third quarter, an increase from $473,888 thousand in Q3 2025. Nine-month revenue reached $1,711,995 thousand, compared to $1,022,028 thousand for the same period in the prior year. Gross profit for the third quarter was $226,329 thousand, up from $152,727 thousand in Q3 2025.

The filing disclosed a Q3 2026 operating income of $15,992 thousand, in contrast to an operating loss of $6,513 thousand in Q3 2025. Despite the improvement at the operating level, net interest expense of $29,251 thousand for the quarter resulted in a net loss of $11,112 thousand. For the nine months ended September 30, 2026, the company reported a loss from operations of $2,228 thousand and a net loss of $66,003 thousand, with interest expense, net, of $86,637 thousand cited in the statements.

On the balance sheet, the filing reported total liabilities of $2,292,196 thousand and total stockholders' equity of $2,108,407 thousand as of September 30, 2026. Goodwill stood at $1,756,474 thousand and intangible assets, net, at $1,350,970 thousand. The company also disclosed share repurchases during the period: 1,878,217 shares repurchased in Q2 2026 and 878,695 shares in Q3 2026, per the condensed consolidated statements of stockholders' equity. The accumulated deficit increased to $260,108 thousand from $194,105 thousand at December 31, 2025. The registrant is classified as an accelerated filer and is incorporated in Delaware, with principal offices in Houston, Texas.

What Was Disclosed

TIC Solutions filed its quarterly report covering the period ended September 30, 2026, disclosing revenue growth, a narrowed quarterly net loss relative to the prior year, declining cash balances, and share repurchase activity during the nine-month period.