Southland Holdings, Inc. (NYSE: SLND) announced its financial results for the fourth quarter and full year ended December 31, 2025, revealing a substantial decline in revenue and significant losses. For the fourth quarter, the company reported revenue of $104.0 million, a stark decrease from $267.3 million in the same quarter of the previous year. The gross loss for the quarter was $193.4 million, compared to a gross profit of $7.7 million in Q4 2024. The net loss attributable to stockholders was $216.4 million, or $(4.00) per share, compared to a net loss of $4.2 million, or $(0.09) per share, in the prior year. The full year results were similarly disappointing, with total revenue of $772.2 million, down from $980.2 million in 2024. The company reported a gross loss of $155.3 million for the year, compared to a gross loss of $63.0 million in 2024. The net loss attributable to stockholders for the full year was $306.5 million, or $(5.67) per share, compared to a net loss of $105.4 million, or $(2.19) per share, in the previous year. The adverse financial performance was significantly impacted by a $135.8 million unfavorable adjustment related to an adverse trial court ruling involving the Washington State Convention Center project. This ruling led to the derecognition of expected recoveries and the recognition of a long-term liability. In response to these challenges, Southland is implementing a strategic plan focused on capital restructuring, liquidity support, and asset monetization to improve its financial position and operational execution moving forward.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.