Filing Flows › Southland Holdings (SLND) › Q1 2026 › vs Q4 2025
Southland Holdings (SLND) Q1 2026 vs Q4 2025 (quarter over quarter)
Southland Holdings's revenue rose $68.4M (+66%) from $104M in Q4 2025 to $172M in Q1 2026. The biggest changes: Civil +$45.4M (+78%); Transportation +$23.1M (+51%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Civil | $104M | $58.4M | $45.4M | +78% |
| Transportation | $68.6M | $45.6M | $23.1M | +51% |
| Revenue | $172M | $104M | $68.4M | +66% |
| Net loss | $28.2M | $219M | −$191M | -87% |
| Costs & expenses | $201M | $323M | −$122M | -38% |
| Operating costs | $192M | $314M | −$122M | -39% |
| Interest & other, net | $8.5M | $8.7M | −$191K | -2% |
| Income tax | $19K | −$323K | $342K | — |
| Cost of revenue | $177M | $297M | −$120M | -40% |
| SG&A | $14.9M | $17.0M | −$2.1M | -12% |
| Operating cash sources | $140M | −$4.0M | $144M | — |
| Depreciation & amortization | $5.6M | $5.7M | −$26K | -0.5% |
| Cash used in operations | $134M | −$9.7M | $144M | — |
| Net loss absorbed | $28.2M | $219M | −$191M | -87% |
| Working capital & other | $111M | −$223M | $334M | — |
Questions
How much did Southland Holdings's revenue grow quarter over quarter in Q1 2026?
Southland Holdings's revenue rose $68.4M (+66%) from $104M in Q4 2025 to $172M in Q1 2026.
What drove Southland Holdings's revenue change in Q1 2026?
Civil +$45.4M (+78%); Transportation +$23.1M (+51%).