SOLV Energy Reports Fourth Quarter and Full Year 2025 Results
SAN DIEGO, March 19, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced financial results for the fourth quarter and full year ended December 31, 2025. Financial Summary (in $ millions except percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 2025 2024 Revenue 794 441 2,490 1,848 Gross Profit 144 82 464 259 Gross Margin 18.1 % 18.5 % 18.6 % 14.0 % Net Income 1 36 10 149 10 Adjusted EBITDA 100 53 342 165 1) Net Income Attributable to Controlling Interest Financial and Recent Business Highlights Raised $552.5 million in net proceeds from initial public offering Repaid outstanding term loan and upsized revolver to $200 million Year-end 2025 backlog of $8 billion, an 87% increase over year-end 2024 Over 20 GW now under contract for O&M services “We closed 2025 with record financial performance that reflects the strength of our value proposition and the sustained demand for infrastructure services.
