SOLV Energy, Inc. reported first quarter ended March 31, 2026 results: revenue $677 million, net income Net loss of $(27) million. Guidance raised.
“Gross Margin exclude the impact of the allocation of non-cash compensation expense to cost of revenue First Quarter 2026 Financial and Recent Business Highlights • Revenue of $677 million, up 66% year over year • Gross Profit of $119 million, up 102% year over year • Adjusted Gross Profit of $124 million, up 110% year over year • Net loss of $(27) million •”
Erik Johnson resigned as Chief Strategy Officer at SOLV Energy, Inc..
“On May 12, 2026, the Company announced that Erik Johnson, the Company’s Chief Strategy Officer, resigned from his role as Chief Strategy Officer of the Company effective as of May 11, 2026 and transitioned to a non-executive employee role.”
Earnings Releases
SOLV Energy, Inc. updated its the quarter and full year ended December 31, 2025 guidance (initiated).
“SOLV Energy, Inc. issued a press release announcing its financial results for the quarter and full year ended December 31, 2025.”
Governance Changes
SOLV Energy, Inc.: Company adopted amended charter and bylaws, effective February 10, 2026, including authorized capital stock structure of Class A, Class B common and preferred shares (effective 2026-02-10).
“On February 10, 2026, the Charter, substantially in the form previously filed as Exhibit 3.2 to the Registration Statement, and the Company’s Amended and Restated Bylaws (the “ Bylaws ”), substantially in the form previously filed as Exhibit 3.4 to the Registration Statement, became effective.”
Material Agreements
SOLV Energy, Inc. entered into Credit Agreement with KeyBank National Association valued at $200 million revolving credit facility maturing February 12, 2031 (effective 2026-02-12).
“On February 12, 2026 (the “ Closing Date ”), SOLV Energy Acquisition LLC, a Delaware limited liability company (the “ Borrower ”), SOLV Energy Intermediate Holdings LLC (“ Holdings ”), a Delaware limited liability company, each an indirect subsidiary of the Company, entered into a credit agreement (the “ Credit Agreement ”), dated as of February 12, 2026, with KeyBank National Association, as administrative agent, the lenders party thereto and the other parties specified therein.”
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