TIC Solutions, Inc. TIC
We are a leading provider of tech-enabled Testing, Inspection, Certification and Compliance (TICC), engineering, and geospatial services. We provide mission-critical services that are essential to the safety, reliability, and efficiency of industrial assets, buildings, and public infrastructure. Our services are often non-discretionary and are driven by regulatory requirements, customer risk management policies, and the need to extend the useful life of critical assets. We operate primarily in North America and serve both private and public-sector clients. Our private-sector clients span industrial, infrastructure, construction, and commercial real estate end markets. Our public-sector clients include federal, state, and municipal agencies, public utilities, transportation authorities, and environmental regulators. Within industrial markets, our services address energy processing and refining, pipeline and midstream infrastructure, chemicals and industrial processing, manufacturing and industrial services, power generation and utilities, and companies in aerospace, automotive, renewable energy, pulp and paper, and mining. We provide these compliance-driven services and focus on the recurring maintenance and operational needs of our customers. On August 4, 2025 (the "NV5 Closing Date"), we completed our acquisition of NV5 Global, Inc. ("NV5"), an engineering and geospatial services company (the "NV5 Acquisition"), and on October 10, 2025, we changed our name from Acuren Corporation to TIC Solutions, Inc.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $1.53B | — | $1.05B |
| Cost of revenue | $1.08B | — | $810.5M |
| Gross profit | $449.4M | — | $239.5M |
| SG&A | $440.8M | — | — |
| Operating income | -$17.1M | — | — |
| Pre-tax income | -$98.2M | — | — |
| Income tax | $11.1M | — | — |
| Net income | -$87.1M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $439.5M | $139.1M | — |
| Receivables | $366.3M | $212.6M | — |
| Total current assets | $1.02B | $394.2M | — |
| Property, plant and equipment | $255.6M | $189.2M | — |
| Goodwill | $1.65B | $0 | — |
| Other intangibles | $1.39B | $740.7M | — |
| Total assets | $4.40B | $2.21B | — |
| Accounts payable | $60.4M | $13.9M | — |
| Short-term debt | $25.5M | $7.8M | — |
| Total current liabilities | $319.0M | $106.3M | — |
| Long-term debt | $1.59B | $747.0M | — |
| Total liabilities | $2.22B | $1.06B | — |
| Retained earnings | -$194.1M | -$107.0M | — |
| Total equity | $2.18B | $555.9M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $95.0M | — | — |
| Depreciation and amortisation | $178.3M | — | $94.8M |
| Stock-based compensation | $17.2M | — | — |
| Capital expenditure | $33.8M | — | — |
| Investing cash flow | -$874.1M | — | — |
| Financing cash flow | $1.08B | — | — |
| Dividends paid | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-028570.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $1.05B | — | $1.53B |
| Gross profit | $239.5M | — | $449.4M |
| Net income | — | — | -$87.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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