secwatch.observer — SEC 8-K summary
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Issuer:     SOLV Energy, Inc. (MWH)
CIK:        0002065636
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001193125-26-115127
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2065636/000119312526115127/0001193125-26-115127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2065636/000119312526115127/d31700d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-115127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer