Filing Flows › Southland Holdings (SLND) › Q2 2025
Southland Holdings (SLND) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Southland Holdings (SLND) reported revenue of $215M for the second quarter 2025 (Q2 2025), -14% from a year earlier and -10% from the quarter before. Operating margin was -0.1%, net loss $9.9M (4.6% of revenue).
Southland Holdings, Q2 2025: revenue $215M (-14% year over year), operating margin -0.1%, net loss $9.9M, operating cash flow −$5.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | -10% | -14% |
| Operating profit | −$209K | -104% | — |
| Net earnings | −$9.9M | — | — |
| Operating cash flow | −$5.4M | -185% | — |
What changed
Revenue was $215.4M in Q2 2025, down 14% year over year and down 10% from the previous quarter. Transportation was the largest line at 62% of revenue. Transportation lost $38.3M year over year (down 22%), 106% of the total change.
Gross margin was 6.0%. Operating costs exceeded revenue by $209K, an operating margin of -0.1%. The quarter ended with a net loss of $9.9M, wider than the previous quarter's $2.8M loss. Net interest and other expense of $9.7M was the main reason.
Operating cash flow was −$5.4M. Non-cash charges added back $5.4M of depreciation and amortization. Working capital and other items used $919K. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$6.5M.
Questions
What was Southland Holdings' revenue in the second quarter 2025?
Southland Holdings (SLND) reported revenue of $215M for the second quarter 2025 (Q2 2025), -14% from a year earlier and -10% from the quarter before.
Was Southland Holdings profitable in the second quarter 2025?
Operating loss was $209K (-0.1% of revenue) and net loss $9.9M.
Source: Southland Holdings 10-Q on SEC EDGAR.