Short answer
TIC Solutions, Inc. (TIC) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $488M (up 108.4% year over year) with net income of −$42M.
Q1 2026 key financials · XBRL
- Revenue
- $488M
- +108.4% YoY
- Net income
- −$42M
- −61.1% YoY
- Operating margin
- -6.0%
- Gross margin
- 33.1%
Source: XBRL data from the TIC Solutions, Inc. (TIC) Q1 2026 10-Q on SEC EDGAR. USD.
TIC Solutions, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $488.0M, up 108% YoY from $234.2M, including $253.2M from NV5 Acquisition
- Gross margin 33.1% vs 18.6% YoY; operating loss $29.1M vs $9.4M
- Best segment Consulting Engineering: $187.3M revenue, $89.2M gross profit
- Worst segment Inspection and Mitigation: $234.8M revenue, gross profit down 6.7% to $40.8M
- Operating cash flow $9.9M vs $32.8M; $1.6B debt outstanding and $200M repurchase authorization unused
- Outlook: liquidity sufficient for next 12 months; tariff and inflationary pressures, chemicals softness, and lower-margin activity headwinds
Risk Factors
- No material risk-factor changes from TIC Solutions’ 2025 Form 10-K
- Newly added risks: none identified for quarter ended March 31, 2026
- Regulatory and compliance risks: carried-forward 2025 Form 10-K risks unchanged
- Operational and competitive risks: carried-forward 2025 Form 10-K risks unchanged
- Financial risks: carried-forward 2025 Form 10-K risks unchanged
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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