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Red Flags Detected

  • Material Weakness (worsened) — Material weaknesses remain unresolved one year later; disclosure controls still ineffective as of June 30, 2026.
NYSE: TIC TIC Solutions, Inc. 10-Q

TIC Solutions revenue +86% to $584.3M on NV5 acquisition; net loss widens to -$13.3M on debt costs

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~2 min read

Key Changes

  • high

    Subsequent event: Refer to the discussion of the Fourth Amendment to the Credit Agreement in “Note 11. Long-Term Debt.” ITEM 1A. RISK FACTORS Our operations and financial results are subject to various risks and uncertainties. There ha…

    Notes: Subsequent Events verify on EDGAR →
  • high

    Net loss widened 5626% to -$13.3M (Q2 2026) despite operating income of $10.8M, driven by $28.4M in interest expense (+83% YoY) from $875M in new term loans issued to finance the NV5 acquisition. The bottom-line deterioration reflects higher debt service, not operational weakness.

    MD&A: Financial Results verify on EDGAR →
  • high

    Integration costs and $46M in additional amortization drove YTD operating loss of -$18.2M vs. $8.9M income prior year.

    MD&A: NV5 Acquisition verify on EDGAR →

3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify