Acuren Corporation (TIC) Income Statement
TIC FY2025 at a glance
Fiscal year ended November 30, 2025 · U.S. dollarsTIC revenue and net income
Where TIC's revenue goes
FY2025Each bar shows an amount and its share of revenue. TIC kept −5.7% of revenue as net income.
TIC profit margins
TIC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +39.4% | +18.1% | — | — |
| Gross profit | +69.1% | +30.3% | — | — |
| Operating income | — | −37.4% | — | — |
| 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.
TIC quarterly EPS vs estimates
Acuren beat the analyst EPS estimate in 1 of the last 6 quarters.
TIC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Revenue | $1.53B | $1.10B | $1.05B | $928.3M |
| Cost of revenue | $1.08B | $831.7M | $810.5M | $725.4M |
| Gross profit | $449.4M | $265.7M | $239.5M | $203.0M |
| Sales, general & admin | $440.8M | $226.0M | $185.0M | $168.2M |
| Total operating expenses | $440.8M | $312.9M | $185.0M | $168.2M |
| Operating income | $8.5M | −$47.2M | $54.5M | $34.7M |
| Interest income | $87.6M | $70.4M | $1.2M | $12.9M |
| Interest expense | $87.6M | $70.4M | $60.0M | $24.2M |
| Income before taxes | −$98.2M | −$123.2M | −$4.3M | $23.5M |
| Income taxes | −$11.1M | −$2.0M | $2.0M | $3.4M |
| Net income | −$87.1M | −$121.2M | −$6.3M | $20.0M |
| EBITDA | $167.8M | $87.1M | $150.6M | $134.0M |
| EPS (diluted) | −$0.25 | −$1.41 | −$0.12 | $4.01 |
| Gross margin | 29.4% | 24.2% | 22.8% | 21.9% |
| Operating margin | 0.6% | −4.3% | 5.2% | 3.7% |
| Net margin | −5.7% | −11.0% | −0.6% | 2.2% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $584.3M | $488.0M | $508.3M | $473.9M | $313.9M | $234.2M | $303.0M | $303.0M | $0 |
| Cost of revenue | $380.2M | $366.8M | $329.4M | $321.2M | $239.8M | $190.5M | $228.3M | $228.3M | — |
| Gross profit | $204.2M | $121.3M | $178.9M | $152.7M | $74.1M | $43.7M | $74.7M | $74.7M | — |
| Sales, general & admin | $193.3M | $150.3M | $142.1M | $140.5M | $55.2M | $52.5M | $34.2M | $109.4M | — |
| Total operating expenses | $193.3M | $150.3M | $527.8M | $159.2M | $55.8M | $53.1M | $152.2M | — | $305,156 |
| Operating income | $10.8M | −$29.1M | −$19.5M | −$6.5M | $18.4M | −$9.4M | −$77.5M | −$85.9M | −$305,156 |
| Interest income | — | — | $29.6M | $26.5M | $15.5M | $16.0M | $17.7M | $19.2M | — |
| Interest expense | $28.4M | $29.0M | $29.6M | $26.5M | $15.5M | $16.0M | $19.2M | — | — |
| Income before taxes | −$16.6M | −$58.0M | −$47.1M | −$30.4M | $3.7M | −$24.3M | −$104.9M | −$104.1M | $503,692 |
| Income taxes | −$3.2M | −$16.5M | — | −$16.6M | $3.9M | $1.5M | −$6.1M | — | — |
| Net income | −$13.3M | −$41.5M | −$47.2M | −$13.9M | −$233,000 | −$25.8M | −$98.8M | −$85.9M | $503,692 |
| EBITDA | $72.2M | $29.9M | $51.7M | $65.0M | $48.4M | $19.8M | −$20.3M | — | $503,692 |
| EPS (diluted) | $0.11 | −$0.13 | −$0.00 | −$0.08 | $0.04 | −$0.21 | — | — | — |
| Gross margin | 34.9% | 24.8% | 35.2% | 32.2% | 23.6% | 18.6% | 24.7% | 24.7% | — |
| Operating margin | 1.9% | −6.0% | −3.8% | −1.4% | 5.8% | −4.0% | −25.6% | −28.3% | — |
| Net margin | −2.3% | −8.5% | −9.3% | −2.9% | −0.1% | −11.0% | −32.6% | −28.3% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TIC's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TIC financial results
In fiscal year 2025 (ended November 30, 2025), Acuren reported revenue of $1.5 billion, up 39.4% from the year before. It had a net loss of $87.1 million, a net profit margin of −5.7%. Diluted earnings per share came to −$0.25.
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TIC income statement FAQ
What is Acuren's annual revenue?
Acuren reported total revenue of $1.5 billion for fiscal year 2025, which ended on November 30, 2025. That was up 39.4% from $1.1 billion the previous year.
Is Acuren profitable?
No. Acuren reported a net loss of $87.1 million in fiscal 2025, a net profit margin of −5.7%; its operating margin was 0.6%.
What is Acuren's gross margin?
Acuren's gross margin was 29.4% in fiscal 2025: for every $100 of revenue, Acuren kept $29 after the direct cost of its products and services.
What are Acuren's earnings per share?
Acuren earned $-0.25 per diluted share in fiscal 2025, compared with $-1.41 a year earlier.
When does Acuren's fiscal year end?
Acuren's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on March 12, 2026.