Filing Flows › Legence (LGN) › Q3 2025
Legence (LGN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Legence (LGN) reported revenue of $708M for the third quarter 2025 (Q3 2025), +26% from a year earlier and +18% from the quarter before. Operating margin was 5.3%, net earnings $379K (0.1% of revenue).
Legence, Q3 2025: revenue $708M (+26% year over year), operating margin 5.3%, net earnings $379K, operating cash flow $99.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $708M | +18% | +26% |
| Gross profit | $148M | +15% | +25% |
| Operating profit | $37.2M | +19% | +38% |
| Net earnings | $379K | — | — |
| Operating cash flow | $99.6M | +201% | — |
| Free cash flow | $89.0M | +267% | — |
What changed
Revenue was $708.0M in Q3 2025, up 26% year over year and up 18% from the previous quarter. Installation & Maintenance was the largest line at 70% of revenue. Installation & Maintenance added $128.8M year over year (up 35%), 88% of the total change.
Gross margin was 20.9%, down 0.2 points from a year earlier. Operating profit was $37.2M, a 5.3% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 5% margin then. Operating expenses grew 21% against revenue growth of 26%. The fastest-growing cost line was SG&A (+28%). Net earnings were −$576K. The effective tax rate was 91.5%.
Operating cash flow was $99.6M, 26275% of net income including minority interests. Non-cash charges added back $24.2M of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items added $56.4M. Capital expenditures of $10.6M left free cash flow of $89.0M.
Questions
What was Legence's revenue in the third quarter 2025?
Legence (LGN) reported revenue of $708M for the third quarter 2025 (Q3 2025), +26% from a year earlier and +18% from the quarter before.
Was Legence profitable in the third quarter 2025?
Operating profit was $37.2M (5.3% of revenue) and net earnings $379K.
Source: Legence 10-Q on SEC EDGAR.