Filing Flows › Southland Holdings (SLND) › Q1 2026 › vs Q1 2025
Southland Holdings (SLND) Q1 2026 vs Q1 2025 (year over year)
Southland Holdings's revenue fell $67.1M (-28%) from $239M in Q1 2025 to $172M in Q1 2026. The biggest changes: Transportation −$68.0M (-50%); Civil +$876K (+0.9%).
Southland Holdings, Q1 2026: revenue $172M (-28% year over year), operating margin -11.4%, net loss $28.2M, operating cash flow −$134M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Civil | $104M | $103M | $876K | +0.9% |
| Transportation | $68.6M | $137M | −$68.0M | -50% |
| Revenue | $172M | $239M | −$67.1M | -28% |
| Net loss | $28.2M | $2.8M | $25.4M | +911% |
| Costs & expenses | $201M | $243M | −$42.0M | -17% |
| Operating costs | $192M | $234M | −$42.4M | -18% |
| Interest & other, net | $8.5M | $8.1M | $346K | +4% |
| Income tax | $19K | −$313K | $332K | — |
| Operating cash sources | $140M | $96K | $139M | 1,453× |
| Depreciation & amortization | $5.6M | $6.5M | −$881K | -14% |
| Cash used in operations | $134M | −$6.4M | $140M | — |
| Net loss absorbed | $28.2M | $2.8M | $25.4M | +911% |
| Working capital & other | $111M | −$2.7M | $114M | — |
Questions
How much did Southland Holdings's revenue grow year over year in Q1 2026?
Southland Holdings's revenue fell $67.1M (-28%) from $239M in Q1 2025 to $172M in Q1 2026.
What drove Southland Holdings's revenue change in Q1 2026?
Transportation −$68.0M (-50%); Civil +$876K (+0.9%).