The company's gross profit for the fourth quarter was $147.5 million, with a gross margin of 20.0%. Adjusted EBITDA, a non-GAAP measure, surged by 53% to $87.0 million from $56.8 million in the prior year. Legence also reported a net loss of $32.7 million for the quarter, compared to a net loss of $18.7 million in Q4 2024. Despite the net loss, the company highlighted a robust total backlog and awards of $3.7 billion, a 49% increase year-over-year, indicating strong demand and future revenue potential.
In addition to the impressive quarterly results, Legence provided guidance for the first quarter of 2026, projecting revenues between $925 million and $950 million, along with non-GAAP adjusted EBITDA of $90 million to $100 million. For the full year 2026, the company raised its revenue guidance to between $3.7 billion and $3.9 billion, and adjusted EBITDA expectations to $400 million to $430 million.
The company also announced the acquisition of Metrix Engineers LLC, a strategic move aimed at enhancing its engineering and consulting capabilities in the Pacific Northwest. This acquisition is expected to contribute positively to Legence's growth trajectory and operational efficiency.
Overall, Legence's strong financial performance, coupled with strategic acquisitions and positive guidance, positions the company favorably for continued growth in the coming quarters.
