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Acuren Corporation (TIC) investor relations material
Acuren Corporation Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Completed the integration of Acuren and NV5 under the TIC Solutions brand, creating a $2B+ diversified, tech-enabled testing and engineering services platform with balanced exposure across infrastructure, energy transition, and data centers.
Achieved strong collaboration and early synergy capture, with integration actions progressing into 2026 and synergy targets increased to $25M.
Services are mission-critical, non-discretionary, and recurring, supporting industrial, infrastructure, and building customers.
Asset-light, low capex, and free cash flow generative business model with disciplined overhead costs.
Reaffirmed full-year 2025 outlook, citing resilient demand and positive client engagement.
Financial highlights
Q3 2025 revenue was $473.9M, up 56% year-over-year, driven by the NV5 acquisition; gross profit margin increased to 36.1%.
Net loss for Q3 2025 was $13.9M, a significant improvement from the prior year’s $89.8M loss.
Adjusted EBITDA for Q3 2025 was $77.3M (16.3% margin), up 51% year-over-year.
Combined 2024 revenue reached $2.0B, with 73% from the US and 27% international.
Operating cash flow for the first nine months was $45M; capex was $21M (2.1% of revenue).
Outlook and guidance
Reaffirmed 2025 guidance: revenue $1.53B–$1.565B, adjusted EBITDA $240M–$250M.
On a full-year combined basis, 2025 revenue would be $2.11B–$2.15B; 2026 revenue expected to grow 3%–5% over 2025 baseline.
2026 adjusted EBITDA margin expected at 15.5%–16.5%, reflecting cost synergy realization.
$1.0B in remaining performance obligations, with $833.6M expected to be recognized over the next 12 months.
Guidance reflects full year of legacy Acuren and five months of NV5 contribution.
How will increased NV5 synergies be realized?
Impact of October private placement on debt?
What underpins reaffirmed 2025 guidance?
How does Acuren integration expand data center revenue per megawatt
What specific cross-selling initiatives drive revenue synergies
What drives expected bounce back in chemicals end market
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Next Acuren Corporation earnings date
Q4 202527 Mar, 2026
Next Acuren Corporation earnings date
Q4 202527 Mar, 2026
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