---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-115127"
form_type: "8-K"
ticker: "MWH"
cik: "0002065636"
company_name: "SOLV Energy, Inc."
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:44:16.309784+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SOLV Energy reports record 2025 revenue $2.49B, adj. EBITDA $342M; initiates 2026 guidance

## Summary
- 2025 revenue $2,490M, up 35% from $1,848M; Q4 revenue $794M vs $441M.
- Net income (controlling interest) $149M in 2025 (up from $10M); adj. EBITDA $342M (up from $165M).
- Backlog at year-end 2025: $8B, an 87% increase over 2024; over 20 GW under O&M contract.
- Raised $552.5M net from IPO; repaid term loan, upsized revolver to $200M.
- 2026 guidance: revenue $3.72B-$3.82B, gross profit $580M-$620M, adj. EBITDA $400M-$420M.

## SEC filing metadata
- accession: 0001193125-26-115127
- form_type: 8-K
- ticker: MWH
- cik: 0002065636
- company_name: SOLV Energy, Inc.
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2065636/000119312526115127/0001193125-26-115127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2065636/000119312526115127/d31700d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-115127
- JSON: https://secwatch.observer/filing/0001193125-26-115127.json
- Plain text: https://secwatch.observer/filing/0001193125-26-115127.txt

## Key facts
- Earnings Releases
  SOLV Energy, Inc. updated its the quarter and full year ended December 31, 2025 guidance (initiated).
  - Period: the quarter and full year ended December 31, 2025
  - Guidance: initiated
  - Result: reported results
  source text: SOLV Energy, Inc. issued a press release announcing its financial results for the quarter and full year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2065636/000119312526115127/0001193125-26-115127-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.