5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $772M | -$307M | -20.1% | -28.1% | $13M | $258M | $53M |
| 2024 | $980M | -$105M | -6.4% | -12.9% | -$5M | $300M | $72M |
| 2023 | $1.2B | -$19M | 3.1% | -2.7% | -$21M | $300M | $49M |
| 2022 | $1.2B | $61M | 12.1% | 7.1% | -$71M | $274M | $58M |
| 2021 | $1.3B | $39M | 8.9% | 4.4% | -$109M | — | $63M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $172M | -$28M | -2.8% | -11.4% | -$134M | $231M | $21M |
| Dec '25 | $104M | -$216M | -186.0% | -202.4% | $9M | $258M | $53M |
| Sep '25 | $213M | -$75M | 1.5% | -5.3% | $5M | $268M | $40M |
| Jun '25 | $215M | -$10M | 6.2% | -0.1% | -$7M | $279M | $47M |
| Mar '25 | $239M | -$5M | 9.0% | 2.1% | $5M | $288M | $65M |
| Dec '24 | $267M | -$4M | 2.9% | -3.0% | -$12M | $300M | $72M |
| Sep '24 | $173M | -$55M | -29.5% | -39.6% | -$7M | $318M | $91M |
| Jun '24 | $252M | -$46M | -15.9% | -22.1% | $26M | $308M | $52M |
| Mar '24 | $288M | -$406000 | 7.1% | 2.1% | -$13M | $302M | $31M |
| Dec '23 | $316M | -$6M | 6.7% | 0.4% | $23M | $300M | $49M |
| Sep '23 | $312M | $4M | 9.5% | 4.6% | -$28M | $309M | $32M |
| Jun '23 | $257M | -$13M | -13.2% | -19.6% | $20M | $285M | $39M |
| Mar '23 | $275M | -$5M | 6.9% | 1.2% | -$36M | $295M | $29M |
| Dec '22 | $295M | $20M | 12.2% | 7.1% | $4M | $274M | $58M |
| Sep '22 | $335M | $35M | 18.6% | 14.0% | $9M | — | $422073 |
| Jun '22 | $273M | $19M | 13.8% | 8.9% | -$46M | — | $520836 |
| Mar '22 | $258M | -$14M | 1.9% | -3.6% | -$38M | — | $876214 |
| Dec '21 | — | -$137890 | — | — | — | — | $63M |
| Sep '21 | — | -$549 | — | — | — | — | $9614 |
How the market has priced SLND against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, Southland Holdings, Inc.'s revenue has declined 11.9% per year. These are computed facts, not advice.
As of FY2025, Southland Holdings, Inc. reported $258M of total debt against $53M of cash; operating income covered interest expense -5.9×.
In FY2025, gross margin was -20.1%, operating margin -28.1%, and net margin -39.7%.
As of Jun '26, Southland Holdings, Inc. traded at a price-to-earnings ratio of about 4.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.