v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Revenue $ 1,037,893 $ 505,953
Cost of revenue 851,739 394,249
Gross profit 186,154 111,704
Operating Expenses [Abstract]    
Selling, general and administrative 116,095 69,459
Depreciation and amortization 36,828 26,092
Acquisition-related costs 11,432 157
Gain on sale of property and equipment (64) (98)
Equity in earnings of joint venture (504) (460)
Income from operations 22,367 16,554
Other expense (income):    
Interest expense 17,000 29,641
Interest income (1,320) (755)
Credit agreement amendment fees 3,243 2,877
Other income, net (569) (108)
Total other expense, net 18,354 31,655
Income (loss) before income tax 4,013 (15,101)
Income tax (benefit) expense (13,381) 4,038
Net income (loss) 17,394 (19,139)
Net income attributable to noncontrolling interests 1,300 2,074
Net income (loss) attributable to Legence $ 16,094 $ (21,213)
Earnings per share:    
Basic (in usd per share) $ 0.24  
Diluted (in usd per share) $ 0.13  
Weighted-average Class A Common Stock outstanding:    
Basic (in shares) 67,151  
Diluted (in shares) 108,431