SLND on NYSE
Southland Holdings, Inc.
In its 2026 annual report the company says: “Southland is a diverse leader in specialty infrastructure construction with roots dating back to 1900. We design and construct projects in the bridges, tunnels, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipelines end markets. It is the parent company of Johnson Bros. Corporation, American Bridge Company, Oscar Renda Contracting, Southland Contracting, Mole Constructors and Heritage Materials.”4 It is headquartered in Grapevine, Texas.1 Its shares trade on NYSE under the symbol SLND.1
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Last updated Oct 21, 2026.
Overview
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- TickerSLND on NYSE1
- IndustryHeavy Construction Other Than Bldg Const - Contractors1
- HeadquartersGrapevine, Texas1
- Incorporated inDE2
- Business address1100 Kubota Drive, Grapevine, Tx 760512
- Filer category, Emerging growth company2
- Legal formCorporation
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Southland is a diverse leader in specialty infrastructure construction with roots dating back to 1900. The end markets for which we provide services cover a broad spectrum of specialty services within infrastructure construction. We design and construct projects in the bridges, tunnels, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipelines end markets.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-20.1%Gross margin5
-28.1%Operating margin5
-39.7%Net margin5
-21.2%Revenue growth, 20255
$12.7MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Transportation brought in 56% of the revenue Southland Holdings, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Transportation | $822.9M | $656.9M | $429.8M |
| Civil | $337.5M | $323.3M | $342.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue89¢$927.4M
- Selling, general and admin6¢$61.6M
- Income tax5¢$56.5M
Out of $772.2M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending23¢$3.8M
- Kept or used elsewhere77¢$12.7M
Out of $16.6M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $772.2M | $980.2M | $1.2B |
| Cost of construction | $927.4M | $1.0B | $1.1B |
| Gross profit (loss) | -$155.3M | -$63.0M | $35.8M |
| Selling, general, and administrative expenses | $61.6M | $63.3M | $67.2M |
| Operating loss | -$216.9M | -$126.3M | -$31.4M |
| Gain (loss) on investments, net | $291.0K | -$225.0K | $30.0K |
| Other income, net | $1.7M | $3.6M | $23.6M |
| Interest expense | -$37.0M | -$29.5M | -$19.5M |
| Losses before income taxes | -$251.9M | -$152.4M | -$27.2M |
| Income tax expense (benefit) | $56.5M | -$46.9M | -$8.5M |
| Net loss | -$308.4M | -$105.5M | -$18.7M |
| Net income (loss) attributable to noncontrolling interests | -$1.8M | -$163.0K | $538.0K |
| Net loss attributable to Southland Stockholders | -$306.5M | -$105.4M | -$19.3M |
| Basic (in dollars per share) | -$5.67 | -$2.19 | -$0.41 |
| Diluted (in dollars per share) | -$5.67 | -$2.19 | -$0.41 |
| Basic (in shares) | 54.0M shares | 48.1M shares | 47.1M shares |
| Diluted (in shares) | 54.0M shares | 48.1M shares | 47.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 | 2023-12-31 | 2023-01-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $52.7M | $72.2M | $49.2M | ||
| Restricted cash | $14.8M | $15.4M | $14.6M | ||
| Accounts receivable, net | $167.8M | $179.3M | $194.9M | ||
| Retainage receivables | $101.8M | $112.3M | $109.6M | ||
| Contract assets | $366.6M | $483.2M | |||
| Other current assets | $30.3M | $19.3M | |||
| Total current assets | $734.0M | $881.7M | |||
| Property and equipment, net | $107.3M | $116.3M | |||
| Right-of-use assets | $10.5M | $14.9M | |||
| Investments - unconsolidated entities | $129.7M | $126.7M | |||
| Investments - limited liability companies | $2.3M | $2.6M | |||
| Investments - private equity | $2.6M | $2.7M | |||
| Deferred tax asset | $3.0K | $54.5M | |||
| Goodwill | $1.5M | $1.5M | |||
| Intangible assets, net | $1.2M | $1.2M | |||
| Other noncurrent assets | $167.0K | $1.5M | |||
| Total noncurrent assets | $255.3M | $322.0M | |||
| Total assets | $989.3M | $1.2B | |||
| Accounts payable | $224.9M | $191.7M | |||
| Retainage payable | $37.0M | $33.6M | |||
| Accrued liabilities | $80.0M | $91.5M | |||
| Current portion of long-term debt | $53.7M | $44.5M | |||
| Short-term lease liabilities | $6.8M | $10.1M | |||
| Contract liabilities | $252.5M | $249.7M | |||
| Total current liabilities | $655.0M | $621.1M | |||
| Long-term debt | $204.0M | $255.6M | |||
| Long-term lease liabilities | $16.4M | $10.8M | |||
| Deferred tax liabilities | $3.0M | $292.0K | |||
| Financing obligations, net | $41.4M | $41.5M | $42.5M | ||
| Long-term accrued liabilities | $58.1M | $58.1M | |||
| Other noncurrent liabilities | $143.9M | $40.8M | |||
| Total long-term liabilities | $466.8M | $407.1M | |||
| Total liabilities | $1.1B | $1.0B | |||
| Common stock, $0.0001 par value, authorized 500,000,000 shares, 54,113,036 and 53,936,411 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $5.0K | $5.0K | |||
| Additional paid-in-capital | $293.2M | $292.2M | |||
| Accumulated deficit | -$431.2M | -$124.6M | |||
| Accumulated other comprehensive loss | -$3.0M | -$3.9M | |||
| Total stockholders' equity (deficit) | -$140.9M | $163.7M | |||
| Noncontrolling interest | $8.4M | $11.8M | |||
| Total equity (deficit) | -$132.5M | $175.4M | $260.6M | ||
| Total liabilities and equity | $989.3M | $1.2B | |||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |||
| Common stock, shares issued | 54.1M shares | 53.9M shares | |||
| Common stock, shares outstanding | 54.1M shares | 53.9M shares | 44.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-07-31 | 2023-12-31 | 2023-01-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $52.7M | $72.2M | $49.2M | |||
| Restricted cash | $14.8M | $15.4M | $14.6M | |||
| Accounts receivable, net | $167.8M | $179.3M | $194.9M | |||
| Retainage receivables | $101.8M | $112.3M | $109.6M | |||
| Contract assets | $366.6M | $483.2M | ||||
| Other current assets | $30.3M | $19.3M | ||||
| Total current assets | $734.0M | $881.7M | ||||
| Property and equipment, net | $107.3M | $116.3M | ||||
| Right-of-use assets | $10.5M | $14.9M | ||||
| Investments - unconsolidated entities | $129.7M | $126.7M | ||||
| Investments - limited liability companies | $2.3M | $2.6M | ||||
| Investments - private equity | $2.6M | $2.7M | ||||
| Deferred tax asset | $3.0K | $54.5M | ||||
| Goodwill | $1.5M | $1.5M | ||||
| Intangible assets, net | $1.2M | $1.2M | ||||
| Other noncurrent assets | $167.0K | $1.5M | ||||
| Total noncurrent assets | $255.3M | $322.0M | ||||
| Total assets | $989.3M | $1.2B | ||||
| Accounts payable | $224.9M | $191.7M | ||||
| Retainage payable | $37.0M | $33.6M | ||||
| Accrued liabilities | $80.0M | $91.5M | ||||
| Current portion of long-term debt | $53.7M | $44.5M | ||||
| Short-term lease liabilities | $6.8M | $10.1M | ||||
| Contract liabilities | $252.5M | $249.7M | ||||
| Total current liabilities | $655.0M | $621.1M | ||||
| Long-term debt | $204.0M | $255.6M | ||||
| Long-term lease liabilities | $16.4M | $10.8M | ||||
| Deferred tax liabilities | $3.0M | $292.0K | ||||
| Financing obligations, net | $41.4M | $41.5M | $42.5M | |||
| Long-term accrued liabilities | $58.1M | $58.1M | ||||
| Other noncurrent liabilities | $143.9M | $40.8M | ||||
| Total long-term liabilities | $466.8M | $407.1M | ||||
| Total liabilities | $1.1B | $1.0B | ||||
| Common stock, $0.0001 par value, authorized 500,000,000 shares, 54,113,036 and 53,936,411 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $5.0K | $5.0K | ||||
| Additional paid-in-capital | $293.2M | $292.2M | ||||
| Accumulated deficit | -$431.2M | -$124.6M | ||||
| Accumulated other comprehensive loss | -$3.0M | -$3.9M | ||||
| Total stockholders' equity (deficit) | -$140.9M | $163.7M | ||||
| Noncontrolling interest | $8.4M | $11.8M | ||||
| Total equity (deficit) | -$132.5M | $175.4M | $260.6M | $316.8M | ||
| Total liabilities and equity | $989.3M | $1.2B | ||||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||||
| Preferred stock, shares issued | 0 shares | 0 shares | ||||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||||
| Common stock, shares issued | 54.1M shares | 53.9M shares | ||||
| Common stock, shares outstanding | 54.1M shares | 53.9M shares | 44.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$308.4M | -$105.5M | -$18.7M |
| Depreciation and amortization | $23.2M | $23.3M | $30.5M |
| Amortization of deferred financing costs | $1.9M | ||
| Loss on extinguishment of debt | $246.0K | $631.0K | |
| Deferred taxes | $57.3M | -$44.8M | -$12.3M |
| Change in fair value of earnout liability | -$20.7M | ||
| Share based compensation | $1.2M | $2.0M | $891.0K |
| Gain on sale of assets | -$2.3M | -$3.4M | -$1.3M |
| Foreign currency remeasurement gain | -$49.0K | -$12.0K | -$109.0K |
| Loss (earnings) from equity method investments | $1.3M | $415.0K | -$7.7M |
| TZC investment present value accretion | -$3.4M | -$2.4M | |
| Loss (gain) on trading securities, net | -$292.0K | $224.0K | -$26.0K |
| Accounts receivable | $23.1M | $9.9M | -$49.0M |
| Contract assets | $116.8M | $70.7M | -$42.9M |
| Other current assets | -$11.0M | $757.0K | $4.1M |
| Right-of-use assets | $4.4M | -$2.4M | $4.4M |
| Accounts payable, retainage payable and accrued liabilities | $23.6M | -$3.7M | $46.6M |
| Contract liabilities | $2.8M | $56.4M | $61.8M |
| Operating lease liabilities | -$4.4M | $2.5M | -$4.3M |
| Other noncurrent liabilities | $89.1M | ||
| Other | -$1.7M | -$1.5M | $367.0K |
| Net cash provided by (used in) operating activities | $16.6M | $1.9M | -$10.3M |
| Purchase of property and equipment | -$3.8M | -$7.4M | -$10.8M |
| Proceeds from sale of property and equipment | $6.5M | $6.5M | $8.8M |
| Purchase of trading securities | -$89.0K | ||
| Proceeds from the sale of trading securities | $403.0K | $401.0K | $61.0K |
| Distributions received from equity method investees | $7.0M | ||
| Distributions received from investees | $934.0K | $4.1M | |
| Capital contribution to unconsolidated investments | -$915.0K | -$250.0K | |
| Capital contribution to equity method investees | -$540.0K | ||
| Return of investment in limited liability company | $267.0K | ||
| Net cash provided by investing activities | $3.4M | $3.2M | $4.5M |
| Borrowings on revolving credit facility | $5.0M | $8.0M | |
| Payments on revolving credit facility | -$95.0M | -$13.0M | |
| Borrowings on notes payable | $168.1M | $115.3M | |
| Payments on notes payable | -$50.7M | -$89.8M | -$123.7M |
| Proceeds from financing obligations | $42.5M | ||
| Payments of deferred financing costs | -$297.0K | -$8.0M | -$565.0K |
| Pre-payment premium | -$246.0K | -$471.0K | |
| Advances from (to) related parties | -$3.0K | $12.0K | -$242.0K |
| Payments on finance lease and financing obligations | -$1.4M | -$5.5M | -$4.8M |
| Capital contributions from noncontrolling members | $1.8M | ||
| Distribution to members | -$1.8M | -$110.0K | |
| Payment of taxes related to net share settlement of RSUs | -$120.0K | -$206.0K | |
| Proceeds from advancement of surety funds | $14.1M | $17.1M | |
| Net cash provided by (used in) financing activities | -$40.2M | $18.8M | -$2.6M |
| Effect of exchange rate on cash | $85.0K | -$195.0K | $195.0K |
| Net increase (decrease) in cash and cash equivalents and restricted cash | -$20.1M | $23.7M | -$8.2M |
| Cash paid for income taxes | $1.2M | $1.6M | $7.6M |
| Cash paid for interest | $35.3M | $28.0M | $18.3M |
| Lease assets obtained in exchange for new leases | $12.1M | $18.7M | $13.9M |
| Assets obtained in exchange for notes payable | $6.7M | $27.4M | $10.9M |
| Related party payable exchanged for note payable | $3.8M | ||
| Conversion of promissory notes payable to equity | $20.0M | ||
| Dissolution of joint venture | $276.0K | ||
| Issuance of post-merger earn out shares | $35.0M | ||
| Dividend financed with notes payable | $50.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Southland Holdings, Inc. sits at the top of its group. 15 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Southland Holdings, Inc.
- Walter Timothy Winn Filed SCHEDULE 13D/A on Southland Holdings, Inc., latest Nov 14, 2025 (3 filings since Feb 24, 2023)
- Frankie S. Renda Filed SCHEDULE 13D/A on Southland Holdings, Inc., latest Dec 31, 2024 (3 filings since Feb 24, 2023)
- Rudolph Renda V. Filed SCHEDULE 13D/A on Southland Holdings, Inc., latest Dec 31, 2024 (2 filings since Feb 24, 2023)
- First Trust Capital Management L.P. Filed SC 13G/A on Southland Holdings, Inc., latest Feb 12, 2024 (2 filings since Feb 14, 2023)
- ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on Southland Holdings, Inc., latest Feb 7, 2024 (2 filings since Dec 6, 2021)
- Southland Holdings, Inc. Grapevine, Texas
- American Bridge Company Subsidiary · Delaware, United States
- Heritage Materials, LLC Subsidiary · Texas, United States
- Johnson Bros. Corporation, a Southland Company Subsidiary · Texas, United States
- Mole Constructors, Inc. Subsidiary · Ohio, United States
- Oscar Renda Contracting of Canada, Ltd. Subsidiary · British Columbia, Canada
- Oscar Renda Contracting, Inc. Subsidiary · Texas, United States
- Renda Pacific LLC Subsidiary · Nevada, United States
- Southland Contracting, Inc. Subsidiary · Texas, United States
- Southland Mole JV Subsidiary · Texas, United States
- Southland Mole of Canada / Astaldi Canada Design & Construction JV Subsidiary · British Columbia, Canada
- Southland Mole of Canada Ltd. Subsidiary · British Columbia, Canada
- Southland RE Properties LLC Subsidiary · Texas, United States
- Southland Renda JV Subsidiary · Texas, United States
- Southland Technicore Mole JV Subsidiary · Canada
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Southland Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $397.8M5 Dec 31, 2025 | $387.7M5 Dec 31, 2024 | +2.6% |
| Accumulated depreciation | $290.5M5 Dec 31, 2025 | $271.4M5 Dec 31, 2024 | +7.0% |
| Property and equipment, net | $107.3M5 Dec 31, 2025 | $116.3M5 Dec 31, 2024 | −7.8% |
| Operating-lease assets (leased space) | $10.5M5 Dec 31, 2025 | $14.9M5 Dec 31, 2024 | −29.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $52.7M5 Dec 31, 2025 | $72.2M5 Dec 31, 2024 | −27.0% |
| Marketable securities, non-current | $2.6M5 Dec 31, 2025 | $2.7M5 Dec 31, 2024 | −4.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.5M5 Dec 31, 2025 | $1.5M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $1.2M5 Dec 31, 2025 | $1.2M5 Dec 31, 2024 | 0% |
| Accumulated amortization | $4.7M5 Dec 31, 2024 | $4.2M7 Dec 31, 2023 | +11.9% |
| Finite-lived intangibles, net | $1.2M5 Dec 31, 2025 | $1.2M5 Dec 31, 2024 | 0% |
Inventory
Properties, in its own words
We lease our headquarters in Grapevine, Texas and own and lease other facilities throughout the United States and Canada. Our facilities include permanent and temporary office space, equipment yards, storage yards, maintenance facilities, shops, warehouses, training and education facilities, and other permanent and temporary locations as needed in our business, all of which are used by both our Civil and Transportation segments.
Item 2 of the 10-K filed Mar 26, 2026.4
Leadership
Who has led Southland Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerFrankie S. Renda Feb 22, 2023 to now11
- Chief executive officerGregory R. Monahan Nov 22, 2021 to Nov 22, 202112
- PresidentFrankie S. Renda Feb 22, 2023 to now11
- Chief financial officerKeith Bassano Apr 4, 2025 to now13
- Chief financial officerCody Gallarda Feb 16, 2023 to Apr 4, 202514
- Chief financial officerAdam H. Jaffe Nov 22, 2021 to Nov 22, 202115
- Chief operating officerRudolph Renda V. Feb 22, 2023 to now16
- Chief operating officerWalter Timothy Winn Feb 22, 2023 to now17
Board members and other officers (12)
- Chief SPAC OfficerEric Rosenfeld Nov 22, 2021 to Nov 8, 202218
- Board memberRudolph Renda V. Jun 17, 2025 to now19
- Board memberBrian Pratt Feb 9, 2023 to Nov 13, 202320
- Board memberFrankie S. Renda Feb 22, 2023 to now11
- Board memberIzilda P. Martins Feb 22, 2023 to now21
- Board memberMichael Kyle Burtnett Feb 22, 2023 to Jun 27, 202422
- Board memberWalter Timothy Winn Feb 22, 2023 to now17
- Board memberAdam Semler Nov 22, 2021 to Nov 22, 202123
- Board memberCraig L. Martin Nov 22, 2021 to Nov 22, 202124
- Board memberDana Blair Baker Nov 22, 2021 to Nov 22, 202125
- Board memberGregory R. Monahan Nov 22, 2021 to now12
- Board memberJohn Ing Nov 22, 2021 to Nov 22, 202126
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- American Bridge Company Delaware3
- Heritage Materials, LLC Texas3
- Johnson Bros. Corporation, a Southland Company Texas3
- Mole Constructors, Inc. Ohio3
- Oscar Renda Contracting of Canada, Ltd. British Columbia3
- Oscar Renda Contracting, Inc. Texas3
- Renda Pacific LLC Nevada3
- Southland Contracting, Inc. Texas3
- Southland Holdings LLC Texas3
- Southland Mole JV Texas3
- Southland Mole of Canada / Astaldi Canada Design & Construction JV British Columbia3
- Southland Mole of Canada Ltd. British Columbia3
- Southland RE Properties LLC Texas3
- Southland Renda JV Texas3
- Southland Technicore Mole JV Canada3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- LEGATO MERGER CORP. IISep 20, 2021 to Feb 14, 20232
Timeline
- Oct 6, 20268-K Entered a material agreement28
- Sep 25, 20268-K Listing notice or transfer29
- Aug 27, 20268-K Entered a material agreement30
- Aug 13, 20268-K Entered a material agreement; New debt or obligation31
- Aug 12, 20268-K Results of operations32
- Jun 16, 20268-K Shareholder vote33
- May 12, 20268-K Results of operations34
- Apr 2, 20268-K Entered a material agreement35
- Mar 26, 20268-K Results of operations36
- Mar 24, 20268-K Entered a material agreement; Other events37
- Feb 4, 20268-K Other events38
- Jan 22, 20268-K Other events39
- Feb 22, 2023New chief executive Frankie S. Renda becomes CEO11
- Nov 22, 2021New chief executive Gregory R. Monahan becomes CEO12
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.33) a share, on Nov 12, 2025.40
When it reported results
- Aug 12, 2026Reported quarterly or annual results32
- May 12, 2026Reported quarterly or annual results34
- Mar 26, 2026Reported quarterly or annual results36
- Nov 12, 2025Reported quarterly or annual results41
- Aug 12, 2025Reported quarterly or annual results42
- May 13, 2025Reported quarterly or annual results43
- Mar 4, 2025Reported quarterly or annual results44
- Nov 12, 2024Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
326 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 139 insider forms, 12 large holders, 1 private raises, 90 other. The latest 20:
- Oct 6, 20268-K EDGAR
- Sep 25, 20268-K EDGAR
- Aug 27, 20268-K EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 13, 20268-K EDGAR
- Aug 12, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 16, 20264 EDGAR
The 326 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
125 open-market trades by officers, directors and large owners since October 2021: 82 buys and 43 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 31, 2026 | Winn Walter TimothyCO-COO AND EVP | Buy | 29,177 | $1.47 | $42.9K | Form 4 |
| Dec 29, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 4,460 | $5.23 | $23.3K | Form 4 |
| Dec 28, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 832 | $5.14 | $4.3K | Form 4 |
| Dec 28, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 3,668 | $5.14 | $18.9K | Form 4 |
| Dec 26, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 4,459 | $5.20 | $23.2K | Form 4 |
| Dec 26, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 4,459 | $5.20 | $23.2K | Form 4 |
| Dec 22, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 6,777 | $5.19 | $35.2K | Form 4 |
| Dec 21, 2023 | Ramirez Mario EnriqueDirector | Buy | 1,000 | $5.13 | $5.1K | Form 4 |
| Dec 21, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 2,763 | $5.06 | $14.0K | Form 4 |
| Dec 21, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 3,388 | $5.06 | $17.1K | Form 4 |
| Dec 20, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 6,777 | $4.96 | $33.6K | Form 4 |
| Dec 19, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 955 | $4.98 | $4.8K | Form 4 |
| Dec 18, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 6,777 | $5.15 | $34.9K | Form 4 |
| Dec 15, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 3,000 | $5.00 | $15.0K | Form 4 |
| Dec 13, 2023 | Renda Rudolph V.CO-COO AND EVP | Buy | 1,800 | $5.04 | $9.1K | Form 4 |
| Dec 13, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 1,928 | $5.04 | $9.7K | Form 4 |
| Dec 12, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 925 | $5.10 | $4.7K | Form 4 |
| Dec 11, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 1,700 | $5.05 | $8.6K | Form 4 |
| Dec 8, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 4,890 | $5.12 | $25.0K | Form 4 |
| Dec 7, 2023 | Renda Frankie S.PRESIDENT AND CEO | Buy | 4,890 | $5.35 | $26.2K | Form 4 |
All 125 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Walter Timothy WinnSCHEDULE 13D/A, 3 filings Feb 24, 2023 to Nov 14, 202546
- Frankie S. RendaSCHEDULE 13D/A, 3 filings Feb 24, 2023 to Dec 31, 202447
- Rudolph Renda V.SCHEDULE 13D/A, 2 filings Feb 24, 2023 to Dec 31, 202448
- First Trust Capital Management L.P.SC 13G/A, 2 filings Feb 14, 2023 to Feb 12, 202449
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 2 filings Dec 6, 2021 to Feb 7, 202450
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Frank S. Renda | $750.0K | $1.7M51 | |
| 2025 | Tim Winn | $500.0K | $1.1M51 | |
| 2025 | Rudy V. Renda | $500.0K | $1.1M51 | |
| 2025 | Keith Bassano | $325.6K | $920.7K51 | |
| 2025 | Cody Gallarda | $152.0K | $213.0K51 | |
| 2024 | President and Chief Executive Officer | $700.0K | $2.6M51 | |
| 2024 | Co-Chief Operating Officer Executive VicePresident | $500.0K | $1.4M51 | |
| 2024 | Co-Chief Operating Officer and Executive Vice President | $500.0K | $1.2M51 | |
| 2024 | Chief Financial OfficerExecutive Vice President and Treasurer | $432.5K | $1.1M51 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 27, 2024Raised $20 million in a private offering of equity Form D: 3 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 60. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Gendell Jeffrey L | 2,322,648 | $1.5M | 0.0% | +42,391 |
| Palogic Value Management, L.P. | 682,151 | $498.9K | 0.2% | +290 |
| Raymond James Financial Inc | 681,730 | $452.5K | 0.0% | No change |
| Vanguard Capital Management LLC | 569,307 | $378.0K | 0.0% | No change |
| Verus Capital Partners, LLC | 335,161 | $222.5K | 0.0% | −146,906 |
| Advisory Services Network, LLC | 242,770 | $161.1K | 0.0% | −2,600 |
| Focus Partners Wealth | 184,658 | $122.6K | 0.0% | +331 |
| Aqr Capital Management LLC | 179,451 | $119.1K | 0.0% | +106,947 |
| Jane Street Group, LLC | 153,562 | $101.9K | 0.0% | New |
| Geode Capital Management, LLC | 136,953 | $90.9K | 0.0% | −203,832 |
| National Bank Of Canada /fi/ | 120,000 | $79.7K | 0.0% | No change |
| Goldman Sachs Group Inc | 108,305 | $71.9K | 0.0% | +43,500 |
| Bridgeway Capital Management, LLC | 97,100 | $64.4K | 0.0% | No change |
| Tyche Wealth Partners LLC | 80,598 | $53.5K | 0.0% | −10,000 |
| Millennium Management LLC | 74,680 | $49.6K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 72,732 | $48.3K | 0.0% | −4,906 |
| Charles Schwab Investment Management Inc | 70,907 | $47.1K | 0.0% | −32,395 |
| BlackRock, Inc. | 68,836 | $45.7K | 0.0% | −396,178 |
| XTX Topco Ltd | 60,409 | $40.1K | 0.0% | +29,284 |
| Jpmorgan Chase & Co | 49,841 | $36.5K | 0.0% | +20,543 |
| Qube Research & Technologies Ltd | 42,423 | $28.2K | 0.0% | New |
| Navis Wealth Advisors, LLC | 35,087 | $23.3K | 0.0% | No change |
| Morgan Stanley | 28,105 | $18.7K | 0.0% | −66,517 |
| Northern Trust Corp | 25,554 | $17.0K | 0.0% | −63,655 |
| Ieq Capital, LLC | 19,732 | $13.1K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Southland Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSouthland Holdings, Inc.1
- CIK0001883814
- Employer ID (EIN)87-17839104
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)1600 Heavy Construction Other Than Bldg Const - Contractors1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1100 Kubota Drive, Grapevine, TX 760511
- Phone(817) 293-42631
- Shares outstanding54,435,257 as of Aug 4, 20269
- Public float$60.1M as of Jun 30, 20254
- AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 248; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceSep 20, 20211
- Filings327 in all: 4 (119), 8-K (63), 3 (19), 425 (18), 10-Q (15), CORRESP (14), UPLOAD (9), 424B3 (8)1
All 37 form types
EFFECT (6), S-4/A (6), 10-K (5), SCHEDULE 13D/A (4), ARS (3), DEF 14A (3), DEFA14A (3), SC 13D (3), 424B4 (2), 8-A12B (2), CERT (2), POS AM (2), S-1 (2), S-3 (2), SC 13G (2), SC 13G/A (2), 25 (1), 25-NSE (1), 4/A (1), 8-K/A (1), D (1), DRS (1), PRE 14A (1), S-1/A (1), S-1MEF (1), S-3/A (1), S-4 (1), S-8 (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 26, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Apr 23, 2026
Latest 8-K (8-K) Oct 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.0001 per share | SLND | NYSE American LLC |
| Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share | SLND WS | NYSE American LLC |
From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Southland Holdings, Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 64 risks under these headings, as written.4
- We are providing the following summary of the risk factors disclosed in this Annual Report to enhance the readability and accessibility of our risk factor disclosures. We encourage our stockholders to carefully review the risk factors disclosed in this Annual Report in their entirety for additional information regarding the material factors that make an investment in our securities speculative or risky.
- Risks Related to Our Business and Industry
- Risks Related to our Securities
- Risks Relating to Southland’s Business and Industry
- We may lose business to competitors through competitive bidding processes.
- Our Backlog is subject to unexpected adjustments and cancellations.
- The loss of one or more customers could have an adverse effect on us.
- We are subject to risks related to government contracts and related procurement regulations.
- The timing of new contract delays, cancellations and termination of existing contracts may result in unpredictable fluctuations in our business.
- We are vulnerable to the cyclical nature of the markets we serve.
- Demand for our services may increase or decrease during economic recessions or volatile economic cycles, and a reduction in demand in end markets may adversely affect our business.
- Adverse credit and financial market conditions could impair our, our customers’ and our partners’ borrowing capacity, which could negatively affect us.
The other 55 risks
- The nature of our contracts subjects us to risks associated with delays and cost overruns, which may not be recoverable and may result in reduced profits or losses that could have a material impact on us.
- If we are unable to accurately estimate contract risks, revenue or costs, economic factors such as inflation and tariffs, the timing of new awards or the pace of project execution, we may incur a loss or achieve lower than anticipated profit.
- We may incur higher costs to lease, acquire and maintain equipment necessary for our operations.
- We use certain commodity products that are subject to significant price fluctuations.
- Supply chain interruptions, including availability of materials, products or equipment, may have a negative impact on our ability to complete projects.
- Some of our contracts have penalties for late completion.
- Weather can significantly affect our revenue and profitability.
- Climate change and related environmental issues could have a material adverse impact on us.
- If we are unable to attract and retain qualified managers and skilled employees, our operating costs may increase.
- We depend on key personnel and we may not be able to operate and grow our business effectively if we lose the services of any of our key persons or are unable to attract qualified and skilled personnel in the future.
- Our employees work on projects that are inherently dangerous and in locations where there are high security risks, and a failure to maintain a safe work site could result in significant losses.
- We may incur liabilities or suffer negative financial or reputational impacts relating to health and safety matters.
- We are dependent upon suppliers and subcontractors to complete many of our contracts.
- Our participation in joint ventures exposes us to liability and/or harm to our reputation for failures by our partners.
- Employee, agent or partner misconduct or our overall failure to comply with laws or regulations could impair our ability to compete for contracts.
- Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, investments and results of operations.
- We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws.
- During the ordinary course of our business, we may become subject to material lawsuits or indemnity claims.
- Systems and information technology interruption and breaches in data security and/or privacy could adversely impact our ability to operate and negatively impact our results of operations.
- Our inability to recover on contract modifications against project owners or subcontractors for payment or performance could negatively affect our financial condition, results of operations and cash flows.
- Our failure to adequately recover on affirmative claims brought by us against project owners or other project participants for additional contract costs could have a negative impact on our liquidity and future operations.
- We are involved in various lawsuits which, if determined unfavorable to us, could adversely affect our financial results and/or cash flows, harm our reputation and/or preclude us from bidding on future projects. We also may invest significant working capital on projects while legal proceedings are being settled.
- We may experience delays and defaults in customer payments, and we may pay our suppliers and subcontractors before receiving payment from our customers for the related services, which could result in a material adverse effect on our business.
- Public health crises, such as the COVID-19 pandemic, have adversely impacted, and could in the future adversely impact, our business, financial condition and results of operations.
- In connection with acquisitions or divestitures, we may become subject to liabilities.
- If we fail to integrate acquisitions successfully, we may experience operational challenges and risks, which may have an adverse effect on our business.
- Our financial results are based upon estimates and assumptions that may differ from actual results.
- Our reported results of operations could be adversely affected as a result of impairments of goodwill, other identifiable intangible assets or investments.
- Our accounting for revenue recognized over time could result in a reduction or elimination of previously reported revenue and profit.
- Our indebtedness could lead to adverse consequences or adversely affect our financial position and prevent us from fulfilling our obligations under such indebtedness, and any refinancing of this debt could be at significantly higher interest rates.
- Our bonding requirements may limit our ability to incur indebtedness, which could limit our ability to refinance our existing credit facilities or to execute our business plan.
- We may be unable to win new contracts if we cannot provide customers with letters of credit or performance or other bonds.
- It can be difficult and expensive to obtain the insurance we need for our business operations.
- We have international operations that are subject to foreign economic and political uncertainties and risks. Unexpected and adverse changes in the foreign countries in which we operate could result in project disruptions, increased cost and potential losses.
- Foreign currency risks could have an adverse impact on revenue, earnings and/or Backlog.
- We could be adversely impacted if we fail to comply with domestic and international import and export laws.
- Compliance with and changes in tax laws could adversely affect our performance.
- Bank failures or intervention by banking regulators may have an adverse impact on our business.
- Delaware law and our charter documents may impede or discourage a takeover or change in control.
- Risks Relating to Our Securities
- We are an “emerging growth company” and it cannot be ascertained whether the reduced disclosure requirements applicable to emerging growth companies will make our Common Stock less attractive to investors.
- An established market for our securities may not be sustained.
- NYSE American may delist Southland’s securities from trading on its exchange, which could limit investors’ ability to make transactions in its securities and subject Southland to additional trading restrictions.
- The price of our securities may change significantly, and you could lose all or part of your investment as a result.
- Future sales, or the perception of future sales, by the Company or our stockholders in the public market could cause the market price of our securities to decline.
- If securities analysts do not publish research or reports about our business or if they downgrade our stock or our sector, the price and trading volume of our securities could decline.
- Our actual operating and financial results in any given period may differ from guidance we provide to the public, including our most recent public guidance.
- We do not intend to pay dividends for the foreseeable future. As a result, you will be relying solely on the appreciation in value of our securities to achieve a return on your investment.
- We are a “controlled company” that could take advantage of exemptions to certain corporate governance requirements under NYSE American rules in the future.
- The Warrants may never be in the money, and may expire worthless.
- If we do not maintain a current and effective prospectus relating to the Common Stock issuable upon exercise of the Warrants, holders will only be able to exercise such Warrants on a “cashless basis.”
- An investor will only be able to exercise a Warrant if the issuance of shares of Common Stock upon such exercise has been registered or qualified or is deemed exempt under the securities laws of the state of residence of the holder of the Warrants.
- We may amend the terms of the Warrants in a manner that may be adverse to holders with the approval by the holders of at least a majority of the then outstanding Warrants.
- We may redeem unexpired Warrants prior to their exercise at a time that is disadvantageous to the holders, thereby making the Warrants worthless.
- Our management’s ability to require holders of our Warrants to exercise such Warrants on a cashless basis will cause holders to receive fewer shares of common stock upon their exercise of the warrants than they would have received had they been able to exercise their warrants for cash.
- We may issue additional equity securities and any such issuance may dilute earnings per share and stockholders’ percentage ownership.
Legal proceedings
Legal proceedings are discussed in Note 17 of the Notes to Consolidated Financial Statements and are incorporated herein by reference.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGAREric Rosenfeld, Chief SPAC Officer
- 19SEC EDGARRudolph Renda V., Board member
- 20SEC EDGARBrian Pratt, Board member
- 21SEC EDGARIzilda P. Martins, Board member
- 22SEC EDGARMichael Kyle Burtnett, Board member
- 23SEC EDGARAdam Semler, Board member
- 24SEC EDGARCraig L. Martin, Board member
- 25SEC EDGARDana Blair Baker, Board member
- 26SEC EDGARJohn Ing, Board member
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- 28SEC EDGAREntered a material agreement
- 29SEC EDGARListing notice or transfer
- 30SEC EDGAREntered a material agreement
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- 32SEC EDGARResults of operations
- 33SEC EDGARShareholder vote
- 34SEC EDGARResults of operations
- 35SEC EDGAREntered a material agreement
- 36SEC EDGARResults of operations
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- 38SEC EDGAROther events
- 39SEC EDGAROther events
- 40NasdaqNasdaq calendar
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