Acuren Corporation (TIC)

Acuren Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	1,113	1,097	1,050	928.33
Revenue Growth (YoY)	4.23%	4.51%	13.11%	-
Cost of Revenue	866.21	831.73	810.53	725.38
Gross Profit	246.97	265.66	239.52	202.95
Selling, General & Admin	276.65	271.68	185.02	168.23
Operating Expenses	276.65	271.68	185.02	168.23
Operating Income	-29.68	-6.01	54.5	34.72
Interest Expense	-68.35	-70.44	-60.02	-24.16
Other Non Operating Income (Expenses)	4	3.56	1.24	12.89
EBT Excluding Unusual Items	-94.02	-72.89	-4.28	23.45
Merger & Restructuring Charges	-41.2	-41.2	-	-
Other Unusual Items	-9.07	-9.07	-	-
Pretax Income	-144.3	-123.17	-4.28	23.45
Income Tax Expense	-3.84	-2.01	2.01	3.41
Net Income	-140.46	-121.16	-6.29	20.04
Net Income to Common	-140.46	-121.16	-6.29	20.04
Shares Outstanding (Basic)	113	55	5	5
Shares Outstanding (Diluted)	113	55	5	5
Shares Change (YoY)	2158.43%	989.72%	-1.35%	-
EPS (Basic)	-1.24	-2.21	-1.25	3.99
EPS (Diluted)	-1.24	-2.21	-1.25	3.93
Free Cash Flow	29.38	-4.51	73.67	16.91
Free Cash Flow Per Share	0.26	-0.08	14.66	3.32
Gross Margin	22.19%	24.21%	22.81%	21.86%
Operating Margin	-2.67%	-0.55%	5.19%	3.74%
Profit Margin	-12.62%	-11.04%	-0.60%	2.16%
Free Cash Flow Margin	2.64%	-0.41%	7.02%	1.82%
EBITDA	82.79	87.08	149.32	121.16
EBITDA Margin	7.44%	7.94%	14.22%	13.05%
D&A For EBITDA	112.46	93.09	94.82	86.44
EBIT	-29.68	-6.01	54.5	34.72
EBIT Margin	-2.67%	-0.55%	5.19%	3.74%
Effective Tax Rate	-	-	-	14.53%

Updated Aug 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q