Legence Corp. income statement
In fiscal 2025, Legence Corp. reported revenue of $2.55bn, up 21.5% on the year before, operating income of $61.6m (a 2.4% margin) and net income of −$59.8m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 1,615 | 2,099 | 2,550 | 3,746 |
| Cost of revenue | 1,300 | 1,668 | 2,015 | 3,044 |
| Gross profit | 315 | 431 | 536 | 702 |
| Selling, general and administrative | 186 | 243 | 343 | 464 |
| Operating income | 10 | 70 | 62 | 29 |
| Interest expense | 68 | 92 | 102 | 76 |
| Income before tax | −54 | −23 | −55 | −61 |
| Income tax | −8 | 5 | 22 | 10 |
| Net income | −46 | −29 | −60 | −45 |
| EBITDA | 91 | 168 | 162 | 153 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 561 | 548 | 506 | 599 | 708 | 738 | 1,038 | 1,262 |
| Cost of revenue | 442 | 435 | 394 | 470 | 560 | 590 | 852 | 1,042 |
| Gross profit | 119 | 113 | 112 | 129 | 148 | 147 | 186 | 220 |
| Selling, general and administrative | 67 | 63 | 69 | 72 | 86 | 115 | 116 | 148 |
| Operating income | 27 | 6 | 17 | 31 | 37 | −23 | 22 | −7 |
| Interest expense | 24 | 26 | 30 | 30 | 28 | 14 | 17 | 17 |
| Income before tax | 4 | −23 | −15 | 2 | 4 | −46 | 4 | −23 |
| Income tax | 5 | −5 | 4 | 6 | 4 | 8 | −13 | 11 |
| Net income | −1 | −19 | −21 | −5 | −1 | −33 | 16 | −28 |
| Diluted EPS | — | — | — | — | — | −$0.57 | $0.13 | −$0.37 |
| EBITDA | 52 | 32 | 43 | 57 | 61 | 1 | 59 | 31 |
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