v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 363,968 $ 394,876
Accounts receivable, net 392,766 269,044
Contract assets 181,525 156,744
Capitalized project development costs 3,349 17,734
Prepaid and other current assets 110,231 60,887
Total current assets 1,051,839 899,285
Property and equipment, net 122,255 106,383
Operating lease right-of-use assets 7,114 8,010
Goodwill 426,607 429,279
Intangible assets, net 333,909 362,390
Deferred tax assets 179,834 0
Other long-term assets 8,118 10,925
Total assets 2,129,676 1,816,272
LIABILITIES AND STOCKHOLDERS'/MEMBERS' EQUITY    
Accounts payable and accrued expenses 680,475 562,218
Contract liabilities 258,245 308,619
Current portion of equipment financing 6,888 6,526
Current portion of lease liabilities 16,037 12,978
Current portion of long-term debt 0 2,498
Total current liabilities 961,645 892,839
Term debt, long term 0 391,988
Equipment financing, long-term 17,514 21,317
Lease liabilities, long-term 43,181 36,559
Tax receivable agreement 240,677 0
Other long-term liabilities 15,484 18,344
Total liabilities 1,278,501 1,361,047
Commitments and Contingencies—See Note 12
Member's equity:    
Total member's equity 0 550,334
Stockholders' equity    
Common stock   0
Additional paid-in capital 483,148 0
Retained earnings (accumulated deficit) 13,612 (98,139)
Total stockholders' equity to SOLV Energy, Inc. 496,781 (98,139)
Non-controlling interest 354,394 3,030
Total members'/stockholders' equity 851,175 455,225
Total liabilities and stockholders'/member's equity 2,129,676 $ 1,816,272
Common Class A [Member]    
Stockholders' equity    
Common stock 13  
Common Class B [Member]    
Stockholders' equity    
Common stock $ 8