TIC Solutions Q2 FY26 net loss widens to $13.34 million; revenue rises 86% to $584.35 million
TIC•Costs and interest expense rise on higher indebtedness
Operating income fell to $10.84 million from $18.35 million, as SG&A climbed to $193.32 million from $55.75 million.
Interest expense, net increased to $28.37 million from $15.45 million, on higher indebtedness tied to the NV5 deal.
Gross profit margin widened 11 percentage points to 35%, reflecting NV5’s higher-margin consulting, engineering, and geospatial services.
Q2 net loss widens as revenue jumps on NV5 acquisition
TIC Solutions posted a Q2 net loss of $13.34 million, widening from a loss of $233,000 a year earlier.
Revenue rose to $584.35 million, up 86% year over year, driven primarily by $287.7 million from the NV5 acquisition.
