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    SOLV Energy, Inc.

    Company overview

    Market capitalization
    —
    Employees
    2,600
    Latest publication
    2026-09-29
    About SOLV Energy, Inc.

    SOLV Energy, Inc. provides infrastructure services to the power industry in the United States. It offers engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering services. The company engages in designing, building, and maintaining utility-scale solar and battery storage projects, and related transmission and distribution infrastructure. It also provides operations and maintenance services. The company serves project developers, independent power producers, and utilities. SOLV Energy, Inc. was founded in 2008 and is headquartered in San Diego, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ4 20252025-12-31 · USDQ1 20252025-03-31 · USD
    Total Revenue951,243,000USD793,630,000USD407,847,000USD
    Cost Of Revenue811,630,000USD665,091,000USD348,748,000USD
    Gross Profit139,613,000USD128,538,999USD59,099,000USD
    Selling General Administrative52,649,000USD83,292,000USD36,070,000USD
    Total Operating Expenses69,930,000USD83,292,000USD398,586,000USD
    Operating Income69,683,000USD45,247,000USD9,261,000USD
    Total Other Income Expense Net2,973,000USD-7,977,000USD-82,000USD
    Interest Income1,843,000USD1,252,000USD3,272,000USD
    Interest Expense1,402,000USD12,297,000USD12,691,000USD
    Income Before Tax72,656,000USD37,270,000USD-240,000USD
    Income Tax Expense5,823,000USD1,801,000USD—
    Net Income66,833,000USD35,535,000USD-714,000USD
    Minority Interest29,863,000USD49,985,000USD-212,000USD
    Net Income Applicable To Common Shares36,970,000USD——
    Net Interest Income—-47,065,000USD-9,419,000USD
    Tax Provision—-16,182,000USD262,000USD
    Net Income From Continuing Ops—17,432,000USD-502,000USD
    Ebit—45,247,000USD—
    Ebitda—68,898,000USD—
    Depreciation And Amortization—23,651,000USD—
    Reconciled Depreciation—23,651,000USD19,572,000USD
    Unclassified Operating Expenses——362,516,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USD
    Total Revenue2,490,496,000USD
    Cost Of Revenue2,084,011,000USD
    Gross Profit406,485,000USD
    Selling General Administrative211,041,000USD
    Total Operating Expenses211,041,000USD
    Operating Income195,444,000USD
    Interest Income7,156,000USD
    Interest Expense52,730,000USD
    Net Interest Income-45,574,000USD
    Income Before Tax153,346,000USD
    Income Tax Expense3,643,000USD
    Tax Provision3,643,000USD
    Net Income149,183,000USD
    Net Income From Continuing Ops149,703,000USD
    Ebit195,444,000USD
    Ebitda280,987,000USD
    Depreciation And Amortization85,543,000USD
    Reconciled Depreciation85,543,000USD
    Total Other Income Expense Net-42,098,000USD
    Minority Interest-520,000USD
    SourceLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ4 20242024-12-31 · USD
    Total Assets2,129,676,000USD1,956,606,000USD1,816,272,000USD1,784,761,000USD1,478,031,000USD
    Cash And Equivalents363,968,000USD————
    Total Current Assets1,051,839,000USD933,353,000USD881,551,000USD770,732,000USD588,306,000USD
    Other Current Assets6,891,000USD7,517,000USD6,840,000USD96,061,000USD42,968,000USD
    Other Non Current Assets8,118,000USD————
    Total Liabilities1,278,501,000USD————
    Total Current Liabilities961,645,000USD892,271,000USD892,839,000USD862,620,000USD663,427,000USD
    Other Non Current Liabilities15,484,000USD————
    Total Stockholder Equity496,781,000USD432,520,000USD452,195,000USD442,383,000USD390,937,000USD
    Total Equity Including Noncontrolling Interest851,175,000USD————
    Short Long Term Debt0USD6,617,000USD9,024,000USD6,438,000USD6,246,000USD
    Long Term Debt0USD19,703,000USD413,305,000USD23,162,000USD378,609,000USD
    Deferred Revenue258,245,000USD————
    Deferred Revenue Non Current1,215,000USD————
    Net Receivables392,766,000USD445,121,000USD431,756,000USD530,235,000USD337,351,000USD
    Property Plant Equipment Net129,369,000USD123,735,000USD114,393,000USD104,545,000USD75,649,000USD
    Goodwill426,607,000USD————
    Intangible Assets333,909,000USD347,511,000USD362,390,000USD377,723,000USD398,578,000USD
    Accounts Payable523,157,000USD413,186,000USD422,853,000USD330,291,000USD258,809,000USD
    Retained Earnings13,612,000USD-23,358,000USD-98,139,000USD-133,674,000USD-247,322,000USD
    Total Liab—1,145,382,000USD1,361,047,000USD1,097,493,000USD1,084,584,000USD
    Other Current Liab—111,712,000USD133,865,000USD171,517,000USD147,813,000USD
    Common Stock—21,000USD—20,000USD638,259,000USD
    Capital Stock—21,000USD550,334,000USD20,000USD638,259,000USD
    Good Will—429,035,000USD429,279,000USD428,040,000USD410,006,000USD
    Cash—384,911,000USD394,876,000USD144,436,000USD207,987,000USD
    Cash And Short Term Investments—384,911,000USD394,876,000USD144,436,000USD207,987,000USD
    Current Deferred Revenue—346,295,000USD314,119,000USD342,677,000USD241,000,000USD
    Net Debt—-304,388,000USD76,990,000USD-73,894,000USD214,441,000USD
    Short Term Debt—21,078,000USD22,002,000USD18,135,000USD15,805,000USD
    Short Long Term Debt Total—80,523,000USD471,866,000USD70,542,000USD422,428,000USD
    Inventory—95,804,000USD48,079,000USD——
    Property Plant Equipment Gross—193,745,000USD176,318,000USD159,998,000USD114,991,000USD
    Common Stock Shares Outstanding—202,476,708shares202,490,436shares112,391,460shares199,415,436shares
    Non Current Assets Total—1,023,253,000USD934,720,999USD1,014,029,000USD889,725,000USD
    Non Current Liabilities Total—253,111,000USD468,207,999USD234,873,000USD421,157,000USD
    Non Currrent Assets Other—21,670,000USD28,658,999USD5,030,000USD1,742,000USD
    Net Working Capital—54,379,000USD6,446,000USD-91,888,000USD-75,121,000USD
    Unclassified Non Current Assets—101,302,000USD—98,691,000USD—
    Unclassified Non Current Liabilities—233,408,000USD54,902,999USD200,640,000USD28,014,000USD
    Unclassified Equity—455,836,000USD-550,334,000USD576,017,000USD-638,259,000USD
    Long Term Investments——3,750,000USD—3,750,000USD
    Accumulated Other Comprehensive Income——550,334,000USD——
    Unclassified Current Liabilities——-9,024,000USD——
    Non Current Liabilities Other———11,071,000USD14,534,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Assets1,816,272,000USD1,478,031,000USD1,585,046,000USD—
    Intangible Assets362,390,000USD398,578,000USD464,925,000USD—
    Other Current Assets6,840,000USD3,952,000USD2,106,000USD—
    Total Liab1,361,047,000USD1,084,584,000USD1,194,677,000USD—
    Total Stockholder Equity452,195,000USD393,447,000USD390,369,000USD—
    Other Current Liab133,865,000USD———
    Capital Stock550,334,000USD638,259,000USD645,572,000USD—
    Retained Earnings-98,139,000USD-247,322,000USD-257,246,000USD—
    Good Will429,279,000USD410,006,000USD410,006,000USD—
    Cash394,876,000USD207,987,000USD178,016,000USD—
    Cash And Short Term Investments394,876,000USD———
    Total Current Assets881,551,000USD588,306,000USD635,604,000USD—
    Total Current Liabilities892,839,000USD663,427,000USD761,965,000USD—
    Current Deferred Revenue314,119,000USD———
    Net Debt76,990,000USD176,868,000USD230,210,000USD—
    Short Term Debt22,002,000USD———
    Short Long Term Debt9,024,000USD6,246,000USD5,597,000USD—
    Short Long Term Debt Total471,866,000USD———
    Long Term Debt413,305,000USD378,609,000USD402,629,000USD—
    Long Term Investments3,750,000USD3,750,000USD3,000,000USD—
    Net Receivables431,756,000USD277,962,000USD225,357,000USD—
    Inventory48,079,000USD———
    Accounts Payable422,853,000USD258,809,000USD436,442,000USD—
    Property Plant Equipment Net114,393,000USD75,649,000USD70,005,000USD—
    Property Plant Equipment Gross176,318,000USD114,991,000USD93,927,000USD—
    Accumulated Other Comprehensive Income550,334,000USD———
    Common Stock Shares Outstanding202,490,436shares199,415,436shares199,415,436shares199,415,436shares
    Non Current Assets Total934,720,999USD889,725,000USD949,442,000USD—
    Non Current Liabilities Total468,207,999USD421,157,000USD432,712,000USD—
    Non Currrent Assets Other28,658,999USD1,742,000USD1,506,000USD—
    Net Working Capital6,446,000USD-75,121,000USD-126,361,000USD—
    Unclassified Current Liabilities-9,024,000USD398,372,000USD319,926,000USD—
    Unclassified Non Current Liabilities54,902,999USD28,014,000USD22,230,000USD—
    Unclassified Equity-550,334,000USD———
    Non Current Liabilities Other—14,534,000USD7,853,000USD—
    Unclassified Current Assets—98,405,000USD230,125,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation50,489,000USD
    Stock Based Compensation79,670,000USD
    Other Non Cash Items-10,676,000USD
    Operating Cash Flow46,039,000USD
    Capital Expenditures-15,960,000USD
    Investing Cash Flow-15,960,000USD
    Net Debt Issuance-411,464,000USD
    Common Dividends Paid-184,408,000USD
    Unclassified Financing Cash Flow534,885,000USD
    Financing Cash Flow-60,987,000USD
    Change In Cash-30,908,000USD
    End Cash Flow363,968,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USD
    Net Income-23,358,000USD-714,000USD9,785,000USD
    Depreciation23,730,000USD19,572,000USD22,163,000USD
    Other Non Cash Items71,585,000USD719,000USD5,679,000USD
    Change In Working Capital-57,716,000USD386,000USD108,583,000USD
    Total Cash From Operating Activities14,241,000USD20,175,000USD148,932,000USD
    Capital Expenditures-10,440,000USD-2,778,000USD-3,105,000USD
    Free Cash Flow3,801,000USD17,397,000USD145,827,000USD
    Total Cashflows From Investing Activities-10,440,000USD—-3,105,000USD
    Net Borrowings-409,627,000USD42,242,000USD-21,902,000USD
    Total Cash From Financing Activities-13,766,000USD-5,602,000USD-35,258,000USD
    Dividends Paid-144,845,000USD-47,844,000USD-4,571,000USD
    Issuance Of Capital Stock552,542,000USD0USD—
    Change In Cash-9,965,000USD1,039,000USD110,569,000USD
    Begin Period Cash Flow394,876,000USD207,987,000USD97,418,000USD
    End Period Cash Flow384,911,000USD209,026,000USD207,987,000USD
    Other Cashflows From Financing Activities-153,145,000USD—-8,785,000USD
    Unclassified Financing Cash Flow141,309,000USD——
    Stock Based Compensation——2,722,000USD
    Change To Account Receivables——83,253,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Net Income149,183,000USD9,591,000USD-109,844,000USD-121,758,000USD
    Depreciation85,543,000USD84,836,000USD81,832,000USD88,264,000USD
    Stock Based Compensation27,326,000USD8,607,000USD2,375,000USD2,443,000USD
    Other Non Cash Items36,855,000USD4,329,000USD2,790,000USD3,966,000USD
    Change To Account Receivables-78,968,000USD-49,970,000USD81,709,000USD-103,350,000USD
    Change In Working Capital60,064,000USD9,805,000USD71,989,000USD110,251,000USD
    Total Cash From Operating Activities331,645,000USD117,613,000USD50,292,000USD83,929,000USD
    Capital Expenditures-21,411,000USD-8,569,000USD-14,404,000USD-27,256,000USD
    Free Cash Flow310,234,000USD109,044,000USD35,888,000USD56,673,000USD
    Total Cashflows From Investing Activities-76,742,000USD———
    Net Borrowings27,413,000USD-26,388,000USD-2,930,000USD8,269,000USD
    Total Cash From Financing Activities-68,014,000USD-79,373,000USD-34,875,000USD13,132,000USD
    Dividends Paid-91,248,000USD-10,525,000USD0USD0USD
    Change In Cash394,876,000USD29,971,000USD1,559,000USD68,989,000USD
    Begin Period Cash Flow207,987,000USD178,016,000USD176,457,000USD107,468,000USD
    End Period Cash Flow394,876,000USD207,987,000USD178,016,000USD176,457,000USD
    Other Cashflows From Financing Activities-91,248,000USD———
    Unclassified Operating Cash Flow-27,326,000USD—1,150,000USD—
    Unclassified Investing Cash Flow-55,331,000USD———
    Unclassified Financing Cash Flow87,069,000USD-42,460,000USD-31,945,000USD-10,155,000USD
    Issuance Of Capital Stock—0USD0USD15,018,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31ProductExisting Infrastructure24,964,000USD0001193125-26-220257
    Q1 2026Quarterly · 2026-03-31ProductNew Construction650,733,000USD0001193125-26-220257
    Q1 2026Quarterly · 2026-03-31ProductOther1,108,000USD0001193125-26-220257
    Q1 2025Quarterly · 2025-03-31ProductExisting Infrastructure26,508,000USD0001193125-26-220257
    Q1 2025Quarterly · 2025-03-31ProductNew Construction377,161,000USD0001193125-26-220257
    Q1 2025Quarterly · 2025-03-31ProductOther4,178,000USD0001193125-26-220257

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.