Filing Flows › TIC Solutions (TIC) › Q1 2026
TIC Solutions (TIC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
TIC Solutions (TIC) reported revenue of $488M for the first quarter 2026 (Q1 2026), +108% from a year earlier and -4% from the quarter before. Operating margin was -6.0%, net loss $41.5M (8.5% of revenue).
TIC Solutions, Q1 2026: revenue $488M (+108% year over year), operating margin -6.0%, net loss $41.5M, operating cash flow $9.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $488M | -4% | +108% |
| Operating profit | −$29.1M | — | — |
| Net earnings | −$41.5M | — | — |
| Operating cash flow | $9.9M | -80% | -70% |
| Free cash flow | $4.2M | -89% | -85% |
What changed
Revenue was $488.0M in Q1 2026, up 108% year over year and down 4% from the previous quarter.
Gross margin was 33.1%, up 14.4 points from Q1 2025. Operating costs exceeded revenue by $29.1M, an operating margin of -6.0%. Operating expenses grew 258% against revenue growth of 108%. The fastest-growing cost line was SG&A (+277%). The quarter ended with a net loss of $41.5M, narrower than the previous quarter's $47.2M loss. Net interest and other expense of $28.9M was the main reason.
Operating cash flow was $9.9M (down 70% year over year). Non-cash charges added back $58.9M of depreciation and amortization and $12.9M of share-based compensation. Working capital and other items used $20.3M. Capital expenditures of $5.7M left free cash flow of $4.2M.
Questions
What was TIC Solutions' revenue in the first quarter 2026?
TIC Solutions (TIC) reported revenue of $488M for the first quarter 2026 (Q1 2026), +108% from a year earlier and -4% from the quarter before.
Was TIC Solutions profitable in the first quarter 2026?
Operating loss was $29.1M (-6.0% of revenue) and net loss $41.5M.
Source: TIC Solutions 10-Q on SEC EDGAR.