Southland Holdings AI Stock Analysis
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Southland Holdings (SLND) AI Stock Analysis
Southland Holdings
(NYSE MKT:SLND)
The score is held down primarily by very weak financial performance (deep TTM losses, negative equity, and negative TTM cash flows). Offsetting factors include improving near-term technical momentum and meaningful liquidity/capital-structure actions discussed on the earnings call, but valuation is constrained by loss-making results and corporate events include elevated listing-compliance risk.
Southland Holdings (SLND) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $34.24M
- Dividend Yield
- ―
- Average Volume (3M)
- 4.30M
- Price to Earnings (P/E)
- -0.1
- Beta (1Y)
- 0.68
- Revenue Growth
- -32.66%
- EPS Growth
- -397.97%
- Country
- US
- Employees
- 1,800
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
Southland Holdings Business Overview & Revenue Model
Company Description
Southland Holdings, Inc. engages in specialty infrastructure construction business in North America. The company operates through Civil and Transportation segments. The Civil segment designs and constructs water pipelines, pump stations, lift station...
Southland Holdings Earnings Call Summary
The call contained material positive developments on liquidity and capital structure—formalized surety support, credit amendment providing cash interest relief and suspension of principal payments, expected issuance of preferred shares, asset monetization gains, and an active pipeline highlighted by a $190 million Winnipeg award. However, these positives were overshadowed by severe current-quarter operating results driven by a large, noncash legacy dispute reassessment: steep revenue decline (~47%), a $71 million gross loss, net loss widening to $84.3 million, negative EBITDA, and a ~17% decline in backlog. Management frames the legacy adjustments as largely one-time and is focused on closing out legacy work and ramping bidding, but significant uncertainty remains around claim recoveries and the impact on future financials.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The company said the agreements with its sureties and the second amendment to the senior credit facility provide the runway to complete bonded work, improve capital structure and drive increased bonding and bidding activity going forward, with key metrics including: bonding surety financing of ~$59M and nonbonding financing of ~$151M as of June 30, 2026 (with ~ $151M of preferred shares expected to be issued by September 30, 2026, at $1,000 stated value and limited to 50% of actual loss), a fixed 4% interest rate on bonding surety financing and the amended senior facility (with interest capitalized), roughly $27M of cash debt service relief over the next 12 months, Q2 surety advances of ~$70.6M (total advances ~$209.8M excl. WSCC; total surety payables $298.9M incl. WSCC) with no repayment required prior to at least August 13, 2027, backlog of $1.68B (down from $2.03B) with ~38% expected to convert to revenue in the next 12 months, and the recently announced Winnipeg Phase 3 award representing ~ $190M of contract value for Southland (expected to conclude in 2030).
Southland Holdings Financial Statement Overview
Summary
Financial statements show acute stress: TTM revenue is down (~14.5%) with deeply negative gross/operating/net results, shareholder equity is negative (raising refinancing/credit risk), and TTM operating cash flow/free cash flow are substantially negative. A modest offset is some debt reduction from 2025 to TTM and evidence the business was profitable in 2021–2022, but the current profitability and balance-sheet profile remain the dominant risk.
Income Statement
12Very NegativeBalance Sheet
18Very NegativeCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 603.01M | 772.17M | 980.18M | 1.16B | 1.16B | 1.28B |
| Gross Profit | -266.09M | -155.26M | -63.04M | 35.81M | 140.93M | 114.19M |
| EBITDA | -299.16M | -191.63M | -99.61M | 22.76M | 130.53M | 107.20M |
| Net Income | -404.30M | -306.54M | -105.36M | -19.25M | 60.54M | 38.72M |
Balance Sheet | ||||||
| Total Assets | 784.73M | 989.28M | 1.20B | 1.20B | 1.13B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 34.88M | 52.71M | 72.19M | 49.18M | 57.91M | 63.34M |
| Total Debt | 226.60M | 322.35M | 321.05M | 319.69M | 300.20M | 270.47M |
| Total Liabilities | 1.03B | 1.12B | 1.03B | 940.50M | 765.42M | 733.40M |
| Stockholders Equity | -253.53M | -140.93M | 163.66M | 249.62M | 349.44M | 291.29M |
Cash Flow | ||||||
| Free Cash Flow | -157.65M | 12.73M | -5.49M | -21.11M | -70.97M | -109.37M |
| Operating Cash Flow | -156.31M | 16.58M | 1.93M | -10.26M | -66.20M | -90.57M |
| Investing Cash Flow | 10.26M | 3.39M | 3.23M | 4.49M | 5.56M | -8.50M |
| Financing Cash Flow | 128.48M | -40.15M | 18.78M | -2.59M | 20.14M | 30.60M |
Southland Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLND, the sentiment is Negative. The current price of 0.63 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.69, and below the 200-day MA of 0.95, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.19 is Neutral, neither overbought nor oversold. The STOCH value of 7.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SLND.
Southland Holdings Risk Analysis
Southland Holdings disclosed 65 risk factors in its most recent earnings report. Southland Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksSouthland Holdings Peers Comparison
Overall Rating
ESOA65Neutral
BBCP64Neutral
MTRX54Neutral
ORN50Neutral- SLND46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ESOA | 65Neutral | $164.39M | 15.07 | 14.64% | 1.54% | 21.21% | 252.85% |
| BBCP | 64Neutral | $508.97M | 60.38 | 3.58% | 1.27% | 6.91% | 4.11% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| MTRX | 54Neutral | $259.11M | 35.83 | 5.14% | ― | 8.04% | ― |
| ORN | 50Neutral | $308.60M | 50.45 | 3.48% | ― | 10.96% | -40.56% |
| SLND | 46Neutral | $36.09M | -0.08 | 331.10% | ― | -32.66% | -397.97% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SLND | Southland Holdings, Inc. | 0.63 | -3.50 | -84.77% | |
| ESOA | Energy Services Of America | 9.08 | -0.99 | -9.83% | |
| MTRX | Matrix Service | 9.24 | -2.48 | -21.16% | |
| ORN | Orion Group Holdings | 7.77 | -1.72 | -18.12% | |
| BBCP | Concrete Pumping Holdings | 10.24 | 4.18 | 69.03% |
Southland Holdings Corporate Events
Southland Holdings Amends Financial Assistance Agreement and Timeline
NeutralOn September 30, 2026, Southland Holdings, Inc. and related entities executed a first amendment to their existing financial assistance agreement with certain sureties and Berkshire Hathaway Specialty Insurance Company as collateral agent. The agreeme...
Southland Holdings Faces NYSE American Listing Compliance Challenge
NegativeOn September 23, 2026, Southland Holdings received notice from NYSE Regulation that it was no longer in compliance with NYSE American continued listing standards due to a stockholders’ deficit of $248.2 million and net losses in its last three fiscal...
Southland Holdings Settles WSCC Surety Losses, Boosts Income
PositiveOn December 1, 2025, American Bridge received an adverse ruling related to the Washington State Convention Center project, and on January 15, 2026, a Washington state court entered a judgment against the company and its sureties. Following a March 27...
Southland Holdings Secures Surety Financing and Amends Term Loan
PositiveOn August 13, 2026, Southland Holdings, Inc. executed a Financial Assistance Agreement with certain surety partners, retroactive to October 1, 2025, formalizing approximately $209.8 million of surety-backed financing for its bonded construction proje...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 13, 2026