TIC Solutions (TIC) Q3 FY2025 earnings: revenue $474 million

TIC Solutions, Inc. (TIC) reported revenue of $474 million for Q3 FY2025, the quarter ended 30 September 2025. Net income was -$14 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2025.

Revenue$474 million

Net income-$14 million

Diluted EPS$-0.08

QuarterQ3 FY2025ended 30 September 2025

The quarter, against the one before and a year earlier

Line	Q3 FY2025	Q2 FY2025	A year earlier	Change on the year
Revenue	474	314	n/a	n/a
Cost of revenue	321	240	n/a	n/a
Gross profit	153	74.1	n/a	n/a
Gross margin	32.2%	23.6%	n/a
Selling, general and administrative	140	55.2	n/a	n/a
Operating income	-6.5	18.4	n/a	n/a
Operating margin	-1.4%	5.8%	n/a
Pre-tax income	-30.4	3.7	n/a	n/a
Income tax	-16.6	3.9	n/a	n/a
Effective tax rate	n/a	106.3%	n/a
Net income	-13.9	-0.2	n/a	n/a
Net margin	-2.9%	-0.1%	n/a
Diluted EPS	-$0.08	$0.00	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2025	Q2 FY2025	A year earlier	Change on the year
Operating cash flow	19.0	-6.5	n/a	n/a
Capital expenditure	8.7	8.0	n/a	n/a
Free cash flow	10.3	-14.5	n/a	n/a
Free cash flow margin	2.2%	-4.6%	n/a
Cash from investing	-828	-16.2	n/a	n/a
Cash from financing	844	-4.7	n/a	n/a
Depreciation and amortisation	51.1	29.5	n/a	n/a
Share-based compensation	6.3	1.9	n/a	n/a
Dividends paid	0.0	0.0	n/a	n/a
Diluted shares, weighted	n/a	122m	n/a	n/a
Shares outstanding at period end	202m	121m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2025	Q2 FY2025	A year earlier	Change on the year
Shareholders' equity	1,951	1,179	n/a	n/a
Debt	1,615	751	n/a	n/a
Operating lease liabilities	66.7	42.6	n/a	n/a
Other liabilities	588	269	n/a	n/a
Total liabilities and equity	4,220	2,242	n/a	n/a
Fixed assets	255	186	n/a	n/a
Goodwill	1,564	877	n/a	n/a
Intangible assets	1,534	742	n/a	n/a
Cash and equivalents	164	130	n/a	n/a
Receivables	377	258	n/a	n/a
Other assets	326	50.1	n/a	n/a
Total assets	4,220	2,242	n/a	n/a

Questions

What was TIC Solutions' revenue in Q3 FY2025?

TIC Solutions (TIC) reported revenue of $474 million for Q3 FY2025, the quarter ended 30 September 2025.

How much did TIC Solutions earn in Q3 FY2025?

Net loss for Q3 FY2025 was $14 million, and the diluted loss per share $0.08.

When did TIC Solutions report Q3 FY2025 results?

TIC Solutions filed its 10-Q for the quarter ended 30 September 2025 with the SEC on 12 November 2025.

Quarterly results, the last 7 quarters

	Q2 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	309	234	314	474	508	488	584
Cost of revenue	229	191	240	321	329	327	380
Gross profit	80.6	43.7	74.1	153	179	161	204
Gross margin	26%	19%	24%	32%	35%	33%	35%
SG&A	60.9	52.5	55.2	140	193	150	193
Operating income	19.7	-9.4	18.4	-6.5	-19.5	-29.1	10.8
Operating margin	6%	-4%	6%	-1%	-4%	-6%	2%
Pre-tax income	2.5	-24.3	3.7	-30.4	-47.1	-58.0	-16.6
Tax rate	322%	n/a	106%	n/a	n/a	n/a	n/a
Net income	-5.5	-25.8	-0.2	-13.9	-47.2	-41.5	-13.3
Net margin	-2%	-11%	-0%	-3%	-9%	-9%	-2%
Diluted EPS	n/a	-$0.21	$0.00	-$0.08	n/a	-$0.19	-$0.06
Operating cash flow	n/a	32.8	-6.5	19.0	49.7	9.9	-9.8
Capital expenditure	n/a	4.5	8.0	8.7	12.6	5.7	19.7
Free cash flow	n/a	28.3	-14.5	10.3	37.1	4.2	-29.5
Dividends paid	n/a	0.0	0.0	0.0	0.0	n/a	n/a
Shares outstanding	201m	121m	121m	202m	220m	221m	219m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2025, filed 12 November 2025: the filing.