Southland Holdings, Inc. (SLND) Income Statement
SLND 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSLND revenue and net income
Where SLND's revenue goes
2025Each bar shows an amount and its share of revenue. SLND kept −39.7% of revenue as net income.
SLND profit margins
SLND growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −21.2% | −12.7% | −6.1% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SLND quarterly EPS vs estimates
Southland beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 11, 2026 (estimate $0.14).
SLND income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $772.2M | $980.2M | $1.16B | $1.16B | $1.28B | $1.06B | $1.05B |
| Cost of revenue | $927.4M | $1.04B | $1.12B | $1.02B | $1.16B | $964.5M | $967.2M |
| Gross profit | −$155.3M | −$63.0M | $35.8M | $140.9M | $114.2M | $93.4M | $80.5M |
| Sales, general & admin | $61.6M | $63.3M | $67.2M | $58.2M | $58.1M | $49.7M | $45.2M |
| Total operating expenses | $61.6M | $63.3M | $67.2M | $58.2M | $58.1M | $49.7M | $45.2M |
| Operating income | −$216.9M | −$126.3M | −$31.4M | $82.7M | $56.1M | $43.7M | $35.3M |
| Interest expense | $37.0M | $29.5M | $19.5M | $8.9M | $7.3M | $8.1M | $9.1M |
| Income before taxes | −$251.9M | −$152.4M | −$27.2M | $75.9M | $52.5M | $39.6M | $32.7M |
| Income taxes | $56.5M | −$46.9M | −$8.5M | $13.3M | $10.9M | $9.4M | $2.3M |
| Net income | −$306.5M | −$105.4M | −$19.3M | $60.5M | $38.7M | $33.7M | $30.4M |
| EBITDA | −$191.6M | −$99.6M | $22.8M | $130.5M | $107.2M | $87.0M | $77.7M |
| EPS (diluted) | −$3.15 | −$2.20 | −$0.83 | $0.29 | $0.00 | — | — |
| Gross margin | −20.1% | −6.4% | 3.1% | 12.1% | 8.9% | 8.8% | 7.7% |
| Operating margin | −28.1% | −12.9% | −2.7% | 7.1% | 4.4% | 4.1% | 3.4% |
| Net margin | −39.7% | −10.7% | −1.7% | 5.2% | 3.0% | 3.2% | 2.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113.3M | $172.4M | $104.0M | $213.3M | $215.4M | $239.5M | $267.2M | $173.3M | $251.5M | $288.1M | $316.2M | $312.5M |
| Cost of revenue | $184.5M | $177.2M | $297.3M | $210.1M | $202.0M | $218.0M | $259.6M | $224.4M | $291.5M | $267.7M | $295.1M | $282.9M |
| Gross profit | −$71.2M | −$4.8M | −$193.4M | $3.3M | $13.4M | $21.5M | $7.7M | −$51.1M | −$40.0M | $20.4M | $21.1M | $29.5M |
| Sales, general & admin | $16.7M | $14.9M | $17.0M | $14.6M | $13.6M | $16.5M | $15.7M | $17.5M | $15.7M | $14.4M | $19.9M | $15.2M |
| Total operating expenses | $16.7M | $14.9M | $17.0M | $14.6M | $13.6M | $16.5M | $15.7M | $17.5M | $15.7M | $14.4M | $19.9M | $15.2M |
| Operating income | −$87.9M | −$19.7M | −$210.4M | −$11.3M | −$209,000 | $5.0M | −$8.0M | −$68.6M | −$55.7M | $6.0M | $1.2M | $14.3M |
| Interest expense | $7.3M | $8.7M | $9.0M | $9.2M | $10.0M | $8.9M | $9.6M | $7.5M | $6.7M | $5.7M | $5.7M | $6.2M |
| Income before taxes | −$88.8M | −$28.2M | −$219.0M | −$19.8M | −$10.0M | −$3.1M | −$16.7M | −$75.3M | −$61.3M | $832,000 | −$4.4M | $10.2M |
| Income taxes | −$1.6M | $19,000 | −$323,000 | $57.2M | −$61,000 | −$313,000 | −$14.1M | −$17.1M | −$16.0M | $307,000 | $2.9M | $5.4M |
| Net income | −$84.3M | −$28.4M | −$216.4M | −$75.3M | −$10.3M | −$4.6M | −$4.2M | −$54.7M | −$46.1M | −$406,000 | −$5.6M | $3.8M |
| EBITDA | −$76.0M | −$13.8M | −$204.3M | −$5.0M | $5.4M | $12.3M | −$675,000 | −$62.0M | −$49.0M | $12.1M | $7.1M | $24.4M |
| EPS (diluted) | −$1.55 | −$0.52 | −$1.49 | −$1.39 | −$0.19 | −$0.08 | −$0.09 | −$1.14 | −$0.96 | −$0.01 | −$0.12 | $0.08 |
| Gross margin | −62.9% | −2.8% | −186.0% | 1.5% | 6.2% | 9.0% | 2.9% | −29.5% | −15.9% | 7.1% | 6.7% | 9.5% |
| Operating margin | −77.6% | −11.4% | −202.4% | −5.3% | −0.1% | 2.1% | −3.0% | −39.6% | −22.1% | 2.1% | 0.4% | 4.6% |
| Net margin | −74.4% | −16.4% | −208.2% | −35.3% | −4.8% | −1.9% | −1.6% | −31.6% | −18.3% | −0.1% | −1.8% | 1.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SLND's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SLND financial results
In fiscal year 2025 (ended December 31, 2025), Southland reported revenue of $772.2 million, down 21.2% from the year before. It had a net loss of $306.5 million, a net profit margin of −39.7%. Diluted earnings per share came to −$3.15. Over five years revenue grew at an average rate of −6.1% a year.
See the SLND stock overview for the latest quote and news, or the SLND chart for price history and technical indicators.
SLND income statement FAQ
What is Southland's annual revenue?
Southland reported total revenue of $772.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 21.2% from $980.2 million the previous year.
Is Southland profitable?
No. Southland reported a net loss of $306.5 million in fiscal 2025, a net profit margin of −39.7%; its operating margin was −28.1%.
What is Southland's gross margin?
Southland's gross margin was −20.1% in fiscal 2025: for every $100 of revenue, Southland kept $-20 after the direct cost of its products and services.
How fast is Southland growing?
Revenue grew −6.1% a year on average over the last five fiscal years, from $1.1 billion to $772.2 million.
What are Southland's earnings per share?
Southland earned $-3.15 per diluted share in fiscal 2025, compared with $-2.20 a year earlier.
When will Southland report its next earnings?
Southland is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 after the market closes.
When does Southland's fiscal year end?
Southland's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.