Southland Q2 revenue falls 47% to $113.3M; net loss $84.3M ($1.55/sh)

Southland Holdings, Inc.

Revenue $113.3M vs $215.4M in Q2 2025, down 47% YoY.
Gross loss of $71.2M vs $13.0M gross profit a year ago; gross margin (62.9)%.
Net loss attributable to stockholders $84.3M, $(1.55)/share vs $(0.19)/share loss.
EBITDA $(73.4)M vs $4.2M positive; backlog stands at $1.68B.
CEO cites legacy-dispute non-cash adjustments; pursuing financing agreement and surety credit amendment; July Winnipeg sewage plant award.

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