Operations
As of August 12, 2026
Q1 Revenue
↑ 66% YoY
$676.8M
Divisions
New Construction
96.1%
Existing Infrastructure
3.7%
Other
0.2%
Key Earnings Driver
New Construction New Construction revenue increased 61.1% to $650.7M and Existing Infrastructure revenue declined 5.8% to $25.0M. Management attributed the significant increase in New Construction revenue to backlog realization, supported by productivity gains from continued strong project execution and seasonally favorable weather conditions in key regions.
Key Operating Metrics¹
METRIC
STATUS
New Construction↑ 61.1%
🟢 Scaling
Key Financial Metrics
Gross Margin
17.60%
+3.1 pp YoY
Backlog / Revenue
1,211.9%
12.11x Qtr Rev
CapEx Intensity
1.54%
0.01x Revenue
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from SOLV Energy website and/or SEC filings for Q1, with status based on reported data.