v3.26.1
Condensed Consolidated Statements of Stockholders'/Member's Equity - USD ($)
$ in Thousands
Total
Class B Common Stock
Non- Controlling Interests [Member]
Retained Earnings (Accumulated Deficit [Member]
Common Stock [Member]
Class A Common Stock
Common Stock [Member]
Class B Common Stock
Additional Paid-in Capital [Member]
Stockholders' Equity
SOLV Energy Holdings LLC [Member]
SOLV Energy Holdings LLC [Member]
Non- Controlling Interests [Member]
SOLV Energy Holdings LLC [Member]
Retained Earnings (Accumulated Deficit [Member]
SOLV Energy Holdings LLC [Member]
Member's Equity [Member]
Beginning balance at Dec. 31, 2024                 $ 393,447 $ 2,510 $ (247,322) $ 638,259
Non-cash compensation expense                 770     770
Distributions                 (47,844)     (47,844)
Net income                 (502) 212 (714)  
Ending balance at Mar. 31, 2025                 345,871 2,722 (248,036) 591,185
Beginning balance at Dec. 31, 2024                 393,447 2,510 (247,322) 638,259
Net income $ 44,130                      
Ending balance at Jun. 30, 2025                 368,554 3,099 (203,781) 569,236
Beginning balance at Mar. 31, 2025                 345,871 2,722 (248,036) 591,185
Non-cash compensation expense                 763     763
Distributions                 (22,712)     (22,712)
Net income 44,632               44,632 377 44,255  
Ending balance at Jun. 30, 2025                 $ 368,554 3,099 (203,781) 569,236
Beginning balance at Dec. 31, 2025 550,334                 3,030 (98,139) 550,334
Beginning balance at Dec. 31, 2025 455,225                      
Non-cash compensation expense 606                     606
Distributions (142,320)                 (2,145)   (140,175)
Net income prior to the transactions and IPO 13,588                 0 13,588  
Impact of the Transactions 0   $ 141,255   $ 9 $ 9 $ 185,826 $ 185,844   (885) 84,551 (410,765)
Impact of the Transactions, shares         91,773,571 87,141,865            
Issuance of Class A Common Stock, net of issuance costs 541,036   232,807   $ 3   308,226 308,229        
Issuance of Class A Common Stock, net of issuance costs, shares         23,575,000              
Establishment of deferred tax asset from IPO and Transactions (71,042)           (71,042) (71,042)        
Non-cash compensation expense subsequent to the Transactions and IPO 57,658   24,811       32,847 32,847        
Net loss subsequent to the Transactions and IPO (41,002)   (17,644) $ (23,358)       (23,358)        
Distributions subsequent to the transactions and IPO (2,525)   (2,525)                  
Forfeiture of Class B common stock and LLC Units           (13,728)            
Ending balance at Mar. 31, 2026                   0 0 0
Ending balance at Mar. 31, 2026 811,224   378,704 (23,358) $ 12 $ 9 455,857 432,520        
Beginning balance at Dec. 31, 2025 550,334                 3,030 (98,139) 550,334
Beginning balance at Dec. 31, 2025 455,225                      
Establishment of deferred tax asset from IPO and Transactions (71,042)                      
Net income 39,419                      
Ending balance at Jun. 30, 2026 0                 0 0 0
Ending balance at Jun. 30, 2026 851,175   354,394 13,612 $ 13 $ 8 483,148 496,781        
Ending balance, shares         115,348,571 87,128,137            
Beginning balance at Mar. 31, 2026                   0 0 0
Beginning balance at Mar. 31, 2026 811,224   378,704 (23,358) $ 12 $ 9 455,857 432,520        
Non-cash compensation expense 9,390   3,910       5,480 5,480        
Distributions (39,563)   (39,563)                  
Issuance of Class A Common Stock, net of issuance costs 290,498       $ 1   290,497 290,498        
Issuance of Class A Common Stock, net of issuance costs, shares         8,396,830,000              
Forfeiture of Class B common stock and LLC Units           (85,082)            
Net income 66,833   29,863 36,970       36,970        
Redemption of LLC Interests and cancellation of Class B common stock (291,706) $ (1)         (291,705) (291,706)        
Redemption of LLC Interests and cancellation of Class B common stock, shares           (8,396,830)            
Non-controlling interest adjustment     (18,520)       18,520 18,520        
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 4,499           4,499 4,499        
Ending balance at Jun. 30, 2026 0                 $ 0 $ 0 $ 0
Ending balance at Jun. 30, 2026 $ 851,175   $ 354,394 $ 13,612 $ 13 $ 8 $ 483,148 $ 496,781        
Ending balance, shares         123,745,401 78,646,225