SLND on NYSE

Southland Holdings, Inc.

Southland is a diverse leader in specialty infrastructure construction with roots dating back to 1900.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerSLND on NYSE1
  • IndustryHeavy Construction Other Than Bldg Const - Contractors1
  • HeadquartersGrapevine, Texas1
  • Incorporated inDE2
  • Business address1100 Kubota Drive, Grapevine, Tx 760512
  • Filer category, Emerging growth company2
  • Legal formCorporation

Southland is a diverse leader in specialty infrastructure construction with roots dating back to 1900. The end markets for which we provide services cover a broad spectrum of specialty services within infrastructure construction. We design and construct projects in the bridges, tunnels, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipelines end markets.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-20.1%Gross margin4
-28.1%Operating margin4
-39.7%Net margin4
-21.2%Revenue growth, 20254
$12.7MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Transportation brought in 56% of the revenue Southland Holdings, Inc. broke down this way in fiscal 2025.

  1. Transportation$429.8M456%down 35% from 2024
  2. Civil$342.3M444%up 6% from 2024
Business segments by year
Business segments202320242025
Transportation$822.9M$656.9M$429.8M
Civil$337.5M$323.3M$342.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue89¢$927.4M
  • Selling, general and admin6¢$61.6M
  • Income tax5¢$56.5M

Out of $772.2M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending23¢$3.8M
  • Kept or used elsewhere77¢$12.7M

Out of $16.6M of cash from operations.4

Financial statements

Revenue564$772.2M in 2025−40% since 2021
0$500.0M$1.0B$1.5B2021: $1.3B$1.3B20212022: $1.2B$1.2B2022−9%2023: $1.2B$1.2B2023−0%2024: $980.2M$980.2M2024−16%2025: $772.2M$772.2M2025−21%
Gross profit564-$155.3M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2021: $114.2M$114.2M20212022: $140.9M$140.9M2022+23%2023: $35.8M$35.8M2023−75%2024: -$63.0M-$63.0M20242025: -$155.3M-$155.3M2025+146%
Operating income564-$216.9M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2021: $56.1M$56.1M20212022: $82.7M$82.7M2022+48%2023: -$31.4M-$31.4M20232024: -$126.3M-$126.3M2024+303%2025: -$216.9M-$216.9M2025+72%
Net income564-$306.5M in 2025
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2021: $38.7M$38.7M20212022: $60.5M$60.5M2022+56%2023: -$19.3M-$19.3M20232024: -$105.4M-$105.4M2024+447%2025: -$306.5M-$306.5M2025+191%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenue$772.2M$980.2M$1.2B
Cost of construction$927.4M$1.0B$1.1B
Gross profit (loss)-$155.3M-$63.0M$35.8M
Selling, general, and administrative expenses$61.6M$63.3M$67.2M
Operating loss-$216.9M-$126.3M-$31.4M
Gain (loss) on investments, net$291.0K-$225.0K$30.0K
Other income, net$1.7M$3.6M$23.6M
Interest expense-$37.0M-$29.5M-$19.5M
Losses before income taxes-$251.9M-$152.4M-$27.2M
Income tax expense (benefit)$56.5M-$46.9M-$8.5M
Net loss-$308.4M-$105.5M-$18.7M
Net income (loss) attributable to noncontrolling interests-$1.8M-$163.0K$538.0K
Net loss attributable to Southland Stockholders-$306.5M-$105.4M-$19.3M
Basic (in dollars per share)-$5.67-$2.19-$0.41
Diluted (in dollars per share)-$5.67-$2.19-$0.41
Basic (in shares)54.0M shares48.1M shares47.1M shares
Diluted (in shares)54.0M shares48.1M shares47.1M shares

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Leadership

Who has led Southland Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (12)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorGregory Timothy Monohan named Jan 13, 202526
  • DirectorIzzilda Martins Timothy Martins named Jan 13, 202526
  • DirectorKyle Timothy Burtnett named Jan 13, 202526
  • DirectorMario Timothy Ramirez named Jan 13, 202526

Former names

  • LEGATO MERGER CORP. IISep 20, 2021 to Feb 14, 20232

Timeline

  1. Feb 22, 2023New chief executive Frankie S. Renda becomes CEO10
  2. Nov 22, 2021New chief executive Gregory R. Monahan becomes CEO11

Filings

326 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 139 insider forms, 12 large holders, 1 private raises, 90 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Sep 25, 20268-K EDGAR
  3. Aug 27, 20268-K EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 18, 20264 EDGAR
  8. Aug 18, 20264 EDGAR
  9. Aug 18, 20264 EDGAR
  10. Aug 18, 20264 EDGAR
  11. Aug 18, 20264 EDGAR
  12. Aug 17, 20264 EDGAR
  13. Aug 13, 20268-K EDGAR
  14. Aug 12, 20268-K EDGAR
  15. Aug 12, 202610-Q EDGAR
  16. Jun 29, 20264 EDGAR
  17. Jun 29, 20264 EDGAR
  18. Jun 29, 20264 EDGAR
  19. Jun 16, 20264 EDGAR
  20. Jun 16, 20264 EDGAR

The 326 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

125 open-market trades by officers, directors and large owners since October 2021: 82 buys and 43 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 31, 2026Winn Walter TimothyCO-COO AND EVPBuy29,177$1.47$42.9KForm 4
Dec 29, 2023Renda Frankie S.PRESIDENT AND CEOBuy4,460$5.23$23.3KForm 4
Dec 28, 2023Renda Rudolph V.CO-COO AND EVPBuy832$5.14$4.3KForm 4
Dec 28, 2023Renda Frankie S.PRESIDENT AND CEOBuy3,668$5.14$18.9KForm 4
Dec 26, 2023Renda Rudolph V.CO-COO AND EVPBuy4,459$5.20$23.2KForm 4
Dec 26, 2023Renda Frankie S.PRESIDENT AND CEOBuy4,459$5.20$23.2KForm 4
Dec 22, 2023Renda Frankie S.PRESIDENT AND CEOBuy6,777$5.19$35.2KForm 4
Dec 21, 2023Ramirez Mario EnriqueDirectorBuy1,000$5.13$5.1KForm 4
Dec 21, 2023Renda Rudolph V.CO-COO AND EVPBuy2,763$5.06$14.0KForm 4
Dec 21, 2023Renda Frankie S.PRESIDENT AND CEOBuy3,388$5.06$17.1KForm 4
Dec 20, 2023Renda Rudolph V.CO-COO AND EVPBuy6,777$4.96$33.6KForm 4
Dec 19, 2023Renda Rudolph V.CO-COO AND EVPBuy955$4.98$4.8KForm 4
Dec 18, 2023Renda Rudolph V.CO-COO AND EVPBuy6,777$5.15$34.9KForm 4
Dec 15, 2023Renda Rudolph V.CO-COO AND EVPBuy3,000$5.00$15.0KForm 4
Dec 13, 2023Renda Rudolph V.CO-COO AND EVPBuy1,800$5.04$9.1KForm 4
Dec 13, 2023Renda Frankie S.PRESIDENT AND CEOBuy1,928$5.04$9.7KForm 4
Dec 12, 2023Renda Frankie S.PRESIDENT AND CEOBuy925$5.10$4.7KForm 4
Dec 11, 2023Renda Frankie S.PRESIDENT AND CEOBuy1,700$5.05$8.6KForm 4
Dec 8, 2023Renda Frankie S.PRESIDENT AND CEOBuy4,890$5.12$25.0KForm 4
Dec 7, 2023Renda Frankie S.PRESIDENT AND CEOBuy4,890$5.35$26.2KForm 4

All 125 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 27, 2024Raised $20 million in a private offering of equity Form D: 3 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 60. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gendell Jeffrey L2,322,648$1.5M0.0%+42,391
Palogic Value Management, L.P.682,151$498.9K0.2%+290
Raymond James Financial Inc681,730$452.5K0.0%No change
Vanguard Capital Management LLC569,307$378.0K0.0%No change
Verus Capital Partners, LLC335,161$222.5K0.0%−146,906
Advisory Services Network, LLC242,770$161.1K0.0%−2,600
Focus Partners Wealth184,658$122.6K0.0%+331
Aqr Capital Management LLC179,451$119.1K0.0%+106,947
Jane Street Group, LLC153,562$101.9K0.0%New
Geode Capital Management, LLC136,953$90.9K0.0%−203,832
National Bank Of Canada /fi/120,000$79.7K0.0%No change
Goldman Sachs Group Inc108,305$71.9K0.0%+43,500
Bridgeway Capital Management, LLC97,100$64.4K0.0%No change
Tyche Wealth Partners LLC80,598$53.5K0.0%−10,000
Millennium Management LLC74,680$49.6K0.0%New
Vanguard Fiduciary Trust Co72,732$48.3K0.0%−4,906
Charles Schwab Investment Management Inc70,907$47.1K0.0%−32,395
BlackRock, Inc.68,836$45.7K0.0%−396,178
XTX Topco Ltd60,409$40.1K0.0%+29,284
Jpmorgan Chase & Co49,841$36.5K0.0%+20,543
Qube Research & Technologies Ltd42,423$28.2K0.0%New
Navis Wealth Advisors, LLC35,087$23.3K0.0%No change
Morgan Stanley28,105$18.7K0.0%−66,517
Northern Trust Corp25,554$17.0K0.0%−63,655
Ieq Capital, LLC19,732$13.1K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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