Southland Holdings, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Southland Holdings, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $772.17M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $980.18M | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | $1.16B | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $1.16B | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $1.28B | Mar 4, 2024 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($155.26M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | ($63.04M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | $35.81M | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $140.93M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $114.19M | Mar 4, 2024 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($306.54M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | ($105.37M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | ($19.25M) | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $60.54M | Mar 4, 2025 |
| FY2022 | Dec 31, 2021 | ($138.4K) | Mar 21, 2023 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($216.88M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | ($126.31M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | ($31.38M) | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $82.70M | Mar 4, 2025 |
| FY2022 | Dec 31, 2021 | ($162.6K) | Mar 21, 2023 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $61.62M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $63.27M | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | $67.20M | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $58.23M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $58.14M | Mar 4, 2024 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.58M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.93M | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | ($10.26M) | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | ($66.20M) | Mar 4, 2025 |
| FY2022 | Dec 31, 2021 | ($495.3K) | Mar 21, 2023 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.85M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $7.42M | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | $10.85M | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $4.77M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $18.80M | Mar 4, 2024 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $989.28M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.20B | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $1.20B | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $1.13B | Mar 4, 2024 |
| FY2022 | Dec 31, 2021 | $281.68M | Mar 21, 2023 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.12B | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.03B | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $940.50M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $765.42M | Mar 4, 2024 |
| FY2022 | Dec 31, 2021 | $9.74M | Mar 21, 2023 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($140.93M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $163.66M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $249.62M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $349.44M | Mar 4, 2024 |
| FY2022 | Dec 31, 2021 | ($8.20M) | Mar 21, 2023 |
| FY2022 | Jul 13, 2021 | $0 | Mar 21, 2023 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.53M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.53M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $1.53M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $1.53M | Mar 4, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($431.16M) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | ($124.62M) | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | ($19.25M) | Mar 4, 2025 |
| FY2022 | Dec 31, 2022 | ($9.33M) | Mar 21, 2023 |
| FY2022 | Dec 31, 2021 | ($8.20M) | Mar 21, 2023 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $52.71M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $72.19M | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | $49.18M | Mar 26, 2026 |
| FY2024 | Dec 31, 2022 | $57.92M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $63.34M | Mar 4, 2024 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $257.70M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $300.15M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $300.36M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $273.60M | Mar 4, 2024 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (5) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | (2) | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Mar 26, 2026 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (5) | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | (2) | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Mar 26, 2026 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 54.11M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | 53.94M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | 47.89M | Mar 4, 2025 |
| FY2025 | Feb 14, 2023 | 44.41M | Mar 26, 2026 |
| FY2023 | Dec 31, 2022 | 0 | Mar 4, 2024 |
| FY2022 | Dec 31, 2021 | 8.31M | Mar 21, 2023 |
| FY2022 | Nov 22, 2021 | 7.14M | Mar 21, 2023 |