0001193125-26-352447 | 10-Q | XBRL Viewer

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Earnings Per Share - Summary of Earnings Per Share, Basic and Diluted (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2026	Jun. 30, 2025
Basic net income per share:
Net income	$ 66,833	$ 44,632	$ 39,419	$ 39,419	$ 44,130
Less: Net income attributable to non-controlling interests and LLC members prior to IPO	29,863	377	25,807	25,807	589
us-gaap:NetIncomeLoss	$ 36,970	44,255	$ 13,612	13,612	43,541
Weighted average shares of common stock outstanding, basic	118,080,650		117,137,198
Net income per share, basic	$ 0.31		$ 0.12
Diluted net income per share:
Net income attributable to SOLV Energy, Inc., basic and diluted	$ 36,970	$ 44,255	$ 13,612	$ 13,612	$ 43,541
Add: Net income attributable to non-controlling interests from assumed exchange of LLC Interests	29,863		0
Less: Income tax expense on net income attributable to non-controlling interest at 22.5%	(6,719)		0
Net income attributable to SOLV Energy, Inc., diluted	$ 60,114		$ 13,612
Weighted average shares of common stock outstanding, basic	118,080,650		117,137,198
Effect of dilutive securities:
Weighted averages shares of common stock outstanding, diluted	201,682,563		122,247,396
Net income per share, diluted	$ 0.3		$ 0.11
Vested LLC Interests attributable To Continuing Equity Owners [Member]
Effect of dilutive securities:
Dilutive securities, effect on basic earnings per share	$ 78,400,204		$ 0
Unvested LLC Interests attributable To Management Holdings [Member]
Effect of dilutive securities:
Dilutive securities, effect on basic earnings per share	5,088,760		5,021,202
Restricted Stock Awards [Member]
Effect of dilutive securities:
Dilutive securities, effect on basic earnings per share	82,874		69,307
Employee Stock Option Member
Effect of dilutive securities:
Dilutive securities, effect on basic earnings per share	$ 30,075		$ 19,689

Basis of Presentation

6 Months Ended

Jun. 30, 2026

Product Information [Line Items]

Basis of Presentation

(2)	Basis of Presentation

The accompanying condensed consolidated financial statements include the accounts of SOLV Energy, Inc. and its controlled subsidiaries which reflect all adjustments necessary to state fairly our condensed consolidated financial position, results of operations and cash flows in accordance with principles generally accepted in the United States of America (“U.S. GAAP”). All intercompany accounts and transactions have been eliminated in consolidation. These condensed consolidated financial statements and related notes do not include all information and footnotes required by U.S. GAAP for annual reports. The accompanying condensed consolidated interim financial statements are unaudited and should be read in conjunction with the annual consolidated financial statements, and the notes thereto for the fiscal year ended December 31, 2025. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year.

We classify certain assets and liabilities as current utilizing the duration of the related contract or program as our operating cycle, which is generally longer than one year. This primarily impacts contract liabilities and contract assets. The Company classifies all other assets and liabilities based on whether the asset will be realized or the liability will be paid within one year.

Principles of Consolidation

The accompanying condensed consolidated financial statements include the accounts of SOLV Energy, Inc. and Holdings and its wholly-owned subsidiaries. Holdings is considered a variable interest entity and we are the primary beneficiary and, through a wholly-owned subsidiary, the sole managing member of Holdings and have decision making authority that significantly affects the performance of the entity. Accordingly, we consolidate Holdings and report

non-controlling

interests representing the economic interest in Holdings held by the Continuing Equity Owners.

The

non-controlling

interests in the condensed consolidated statement of operations for the three and six months ended June 30, 2026 represents the portion of earnings attributable to the economic interest in Holdings held by the Continuing Equity Owners. The

non-controlling

interests in the condensed consolidated balance sheet as of June 30, 2026 represents the portion of our consolidated net assets attributable to the Continuing Equity Owners, based on the portion of the LLC Interests owned by such unit holders, which was 38.9% of the total LLC Interests as of June 30, 2026.

Description of Business

6 Months Ended

Jun. 30, 2026

Nature of Operations [Line Items]

Description of Business

(1)	Description of Business

SOLV Energy, Inc. was incorporated as a Delaware corporation on April 1, 2025 (Date of Formation) for the purpose of completing an initial public offering (“IPO”) of its Class A common stock and related transactions in order to continue the business of SOLV Energy Holdings LLC (“Holdings”) as a publicly-traded entity.

SOLV Energy, Inc. is a holding company whose sole material assets are the limited liability company interests in Holdings. All of our business is conducted through Holdings, together with its subsidiaries, and the financial results of Holdings are consolidated in our financial statements. Holdings is taxed as a partnership for federal income tax purposes and, as a result, its members, including SOLV Energy, Inc., pay income taxes with respect to their allocable shares of its net taxable income. Except where the context clearly indicates otherwise, “SOLV,” “we,” “us,” “our,” or the “Company” refers to SOLV Energy, Inc. and all of its direct and indirect subsidiaries, including Holdings.

Our operations are conducted primarily through our subsidiaries, SOLV Energy, LLC, SEHV Solutions, LLC (collectively, “SOLV Energy”), along with CS Energy LLC, and CS Energy Devco, LLC, (collectively, “CS Energy”), SOLV Drilling Industrial Services, LLC (“SDI”) (f/k/a Sacramento Drilling, Inc), and Spartan Infrastructure, Inc. (“Spartan”).

We are a leading provider of infrastructure services to the power industry, including engineering, procurement, construction (“EPC”), testing, commissioning, operations, maintenance and repowering. We specialize in designing, building and maintaining utility-scale solar and battery storage projects and related transmission and distribution (“T&D”) infrastructure, and provides operation and maintenance (“O&M”) services pursuant to long-term contracts that typically obligate the customer to pay the Company a fixed monthly fee for operations and routine preventative maintenance and additional fees for corrective maintenance on a time and materials basis.

Initial Public Offering and Reorganization

On February 12, 2026, the Company successfully completed an IPO of 23,575,000 shares of its Class A common stock for net proceeds of approximately $552,500 after deducting the underwriters’ discount and expenses and commissions payable.

In connection with the IPO, Holdings amended and restated its limited liability company agreement to, among other things, (i) recapitalize all existing ownership interests in Holdings into a single class of common units (“LLC Interests”) and (ii) appoint a wholly-owned subsidiary of SOLV Energy, Inc. as the sole managing member of Holdings upon or prior to the acquisition of LLC Interests by SOLV Energy, Inc. in connection with the IPO. Simultaneously with the IPO, SOLV Energy, Inc. amended and restated its certificate of incorporation to, among other things, provide (i) for Class A common stock, with each share of its Class A common stock entitling its holder to one vote per share on all matters presented to the Company’s stockholders generally and (ii) for Class B common stock, with each share of the Company’s Class B common stock entitling its holder to one vote per share on all matters presented to the Company’s stockholders generally, and that shares of the Company’s Class B common stock may only be held by the direct and indirect holders of LLC Interests and the Company’s Class B common stock immediately following consummation of the Transactions (“Continuing Equity Owners”) and their respective permitted transferees. As a result, SOLV Energy, Inc. became a holding company and the sole manager of Holdings, through its wholly-owned subsidiary, with no material assets other than the ownership of the voting membership interest in the Company.

Additionally, in connection with the IPO and the related liquidation of SOLV Energy Parent Holdings LP, all outstanding Restricted Class C Units (including Legacy SOLV Units and Additional C Units issued in connection with the merger between Holdings and ASP Endeavor Acquisition LLC, the parent company of CS Energy (the “Merger”)) were converted into common units of Holdings. Vested class C Units were converted into vested common units. Unvested time units were converted into unvested common units subject to the same time-based vesting schedule. Unvested performance units were converted into common units and treated as time units at the time of original grant, with time-based vesting deemed to have commenced on the original vesting start date, resulting in a portion becoming vested and the remaining portion continuing to vest on the same schedule, subject to continued employment or service.

Simultaneously with the IPO, SOLV Energy Parent Holdings LP was liquidated by distributing LLC Interests and nominal cash to the Continuing Equity Owners. SOLV Energy, Inc. acquired the LLC Interests held by certain Continuing Equity Owners in

exchange for 91,773,571 shares of its Class A common stock. After giving effect to the use of proceeds from the IPO, SOLV Energy, Inc. issued 87,141,865 shares of Class B common stock to the Continuing Equity Owners, which is equal to the number of LLC Interests held by such Continuing Equity Owners, for nominal consideration.

Subsequent to the IPO, SOLV Energy, Inc. used the net proceeds from this offering to purchase 23,575,000 newly issued LLC Interests directly and/or indirectly from the Company at a price per unit equal to the IPO price per share of Class A common stock less the underwriting discounts and commissions.

Secondary Offering

On June 1, 2026, we completed a secondary public offering of 15,000,000 shares of our Class A common stock, of which 7,698,410 shares were sold by ASP Endeavor Investco LP, ASP SOLV Aggregator LP and ASP VIII Alternative Investments Solstice, L.P. (collectively, the “selling stockholders”) and 7,301,590 shares were sold by us at an offering price of $36.00 per share, before underwriting discounts and commissions. On June 4, 2026, the underwriters exercised their overallotment option in full to purchase an additional 2,250,000 shares of our Class A common stock, of which 1,154,760 shares were sold by the selling stockholders and 1,095,240 were sold by us at an offering price of $36.00 per share, before underwriting discounts and commissions. We used all of the net proceeds from the public offering that was paid to us to purchase 8,396,830 LLC Interests from the Continuing Equity Owners at a price per LLC Interest equal to the public offering price of our Class A common stock less the underwriting discounts and commissions. We did not receive any proceeds from the sale of our Class A common stock by the selling stockholders.

bore the costs associated with the sale of shares of Class A common stock by the selling stockholders, other than underwriting discounts and commissions from the shares sold by the selling stockholders.

Earnings Per Share - Summary of Earnings Per Share, Basic and Diluted (Parenthetical) (Detail)	3 Months Ended	5 Months Ended
	Jun. 30, 2026	Jun. 30, 2026
Earnings Per Share [Abstract]
Income tax rate applied to assumed exchange of LLC interests	22.50%	22.50%

Debt Obligations

6 Months Ended

Jun. 30, 2026

Schedule of Debt [Line Items]

Debt Obligations

(7)	Debt Obligations

Debt obligations consisted of the following:


	June 30, 2026		December 31, 2025
Long-term debt	$	—	$	397,128
Less: unamortized issuance costs		—		(5,140	)

Long-term debt, net	$	—	$	391,988

Current portion of long-term debt	$	—	$	4,063
Less: unamortized issuance costs		—		(1,565	)

Current portion of long-term debt, net	$	—	$	2,498

Extinguishment of Term Debt

In connection with the completion of the IPO and the application of the net proceeds therefrom, we terminated our existing term credit agreement and fully repaid outstanding term debt of approximately $401,100. We recognized a $10,485 loss on the extinguishment of debt relating to the

write-off

of unamortized debt issuance costs of $6,419 and prepayment penalty of $4,066.

New Revolving Credit Facility

On February 12, 2026, in connection with the IPO, we terminated our Prior Revolving Facility and entered into our New Revolving Credit Facility with various lenders providing for revolving borrowings in an aggregate principal amount of

$200,000.

The obligations under the New Revolving Credit Facility are secured by substantially all of the assets of Holdings and its subsidiaries.

The New Revolving Credit Facility matures on February 12, 2031 and is subject to the usual and customary affirmative and negative covenants for facilities and transactions of this type. The New Revolving Credit Facility bears interest at a rate per annum equal to either of the following, plus, in each case, an applicable margin ranging from

0.50% to 1.25%, with respect

base rate borrowings and 1.50% to 2.25% with respect to SOFR borrowings, in each case, based on our total net leverage ratio: (a) the base rate and (b) a benchmark reference rate.

The New Revolving Credit Facility is subject to an annual unused line fee which shall accrue at a rate ranging from

0.20% to 0.35%,

based on the total net leverage ratio. For additional information regarding the terms of the New Revolving Credit Facility including interest rates, maturities, covenants and collateral, refer to Note 8—Debt Obligations in our Annual Report on Form

10-K

for the year ended December 31, 2025.

As of June 30, 2026, there were no borrowings outstanding under the New

Revolving Credit Facility

and $13,355 of letters of credit were outstanding.

The Prior Revolving Facility was legally terminated and replaced with the New Revolving Credit Facility, and we accounted for the replacement as a modification of a revolving-debt arrangement. The analysis was based on a comparison of borrowing capacity under the

Prior Revolving Facility and the New Revolving Credit Facility. Accordingly, the unamortized deferred financing costs of

$1,598

associated with the Prior Revolving Facility continue to be deferred and are amortized over the term of the New Revolving Credit Facility.

In connection with our entry into the New

Revolving Credit Facility

, we incurred approximately $2,919 of lender and third-party fees.

Amortization of debt issuance costs, which is included within interest expense in the condensed consolidated statements of operations, was approximately $224 and $150 for the three months ended June 30, 2026 and 2025, respectively, and $343 and $297 for the six months ended June 30, 2026 and 2025, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2026

Disaggregation of Revenue [Line Items]

Summary of Revenue disaggregated by service

The following table presents our revenue disaggregated by service type:


	Three Months Ended June 30,								Six Months Ended June 30,
	2026				2025				2026				2025
By service type:
New Construction	$	913,122	95.9	%	$	486,155	90.7	%	$	1,563,855	96.1	%	$	863,316	91.5	%
Existing infrastructure		27,970	2.9	%		36,401	6.8	%		52,934	3.3	%		62,909	6.7	%
Other		10,151	1.2	%		13,396	2.5	%		11,259	0.6	%		17,574	1.8	%

Total revenues	$	951,243	100.0	%	$	535,952	100.0	%	$	1,628,048	100.0	%	$	943,799	100.0	%

Summary of Contract assets and liabilities consisted

Contract assets and liabilities consisted of the following:


	June 30, 2026		December 31, 2025
Contract assets	$	181,525	$	156,744

Contract liabilities, current	$	258,245	$	308,619
Contract liabilities, noncurrent (1)		1,215		1,363

Total contract liabilities	$	259,460	$	309,982

(1)	Noncurrent contract liabilities are presented within “Other long-term liabilities” on the Condensed Consolidated Balance Sheets.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Summary of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share of common stock for the three and six months ended June 30, 2026 have been computed as follows


	Three Months Ended June 30, 2026			Period from February 12, 2026 to June 30, 2026
Basic net income per share:
Numerator :
Net income	$	66,833		$	39,419
Less: Net income attributable to non-controlling interests and LLC members prior to IPO		29,863			25,807

Net income attributable to SOLV Energy, Inc., basic and diluted	$	36,970		$	13,612

Denominator :
Weighted average shares of common stock outstanding, basic		118,080,650			117,137,198

Net income per share, basic	$	0.31		$	0.12

Diluted net income per share:
Numerator:
Net income attributable to SOLV Energy, Inc., basic and diluted	$	36,970		$	13,612
Add: Net income attributable to non-controlling interests from assumed exchange of LLC Interests		29,863			—
Less: Income tax expense on net income attributable to non- controlling interest at 22.5%		(6,719	)		—

Net income attributable to SOLV Energy, Inc., diluted	$	60,114		$	13,612

Denominator:
Weighted average shares of common stock outstanding, basic		118,080,650			117,137,198
Effect of dilutive securities:
Vested LLC Interests a ttributable to Continuing Equity Owners		78,400,204			—
Unvested LLC Interests a ttributable to Management Holdings		5,088,760			5,021,202
Restricted Stock Awards		82,874			69,307
Stock Options		30,075			19,689
Weighted averages shares of common stock outstanding, diluted		201,682,563			122,247,396

Net income per share, diluted	$	0.30		$	0.11

Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the computation of diluted net income per share for the period presented because their effect on net income per share would have been anti-dilutive:


	Three Months Ended June 30, 2026		Period from February 12, 2026 to June 30, 2026
Vested LLC Interests a ttributable to Continuing Equity Owners		—		72,718,537
Restricted Stock Units		45,814		45,814

Stock-Based Compensation - Summary of Share-Based Payment Award, Stock Options, Valuation Assumptions (Detail)

6 Months Ended

Jun. 30, 2026

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Expected life (years)

6 years

^[1]

Expected dividend yield

0.00%

Maximum [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Fair value of stock option

13.2

Risk-free interest rate

4.02%

Volatility

43.00%

Minimum [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Fair value of stock option

11.71

Risk-free interest rate

3.73%

Volatility

39.00%

[1]	Expected life (years): The expected life was estimated using the simplified method due to a lack of historical exercise activity for the Company. The simplified method calculates the expected life as the mid-point between the vesting date and the contractual expiration date of the award.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Revenue from Contracts with Customers - Summary of Revenue disaggregated by service (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 951,243	$ 535,952	$ 1,628,048	$ 943,799
Percentage Of Revenue	100.00%	100.00%	100.00%	100.00%
New Construction [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 913,122	$ 486,155	$ 1,563,855	$ 863,316
Percentage Of Revenue	95.90%	90.70%	96.10%	91.50%
Existing infrastructure [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 27,970	$ 36,401	$ 52,934	$ 62,909
Percentage Of Revenue	2.90%	6.80%	3.30%	6.70%
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,151	$ 13,396	$ 11,259	$ 17,574
Percentage Of Revenue	1.20%	2.50%	0.60%	1.80%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

+ Details

Debt Obligations - Schedule of Debt Obligations (Detail) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Schedule of Debt [Line Items]
Long-term debt	$ 0	$ 397,128
Less: unamortized issuance costs	0	(5,140)
Long-term debt, net	0	391,988
Current portion of long-term debt	0	4,063
Less: unamortized issuance costs	0	(1,565)
Current portion of long-term debt, net	$ 0	$ 2,498

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 24,320	$ 27,278	$ 49,486	$ 30,660
Remaining performance obligations	$ 3,546,244		3,546,244
Company revenue			$ 296,596	$ 207,293
Minimum [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months		12 months
Maximum [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	18 months		18 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Revenue from Contracts with Customers - Summary of Contract assets and liabilities consisted (Detail) - USD ($)
$ in Thousands

Jun. 30, 2026

Dec. 31, 2025

Disaggregation of Revenue [Line Items]

Contract assets

$ 181,525

$ 156,744

Contract liabilities, current

258,245

308,619

Contract liabilities, noncurrent

^[1]

1,215

1,363

Total contract liabilities

$ 259,460

$ 309,982

[1]	Noncurrent contract liabilities are presented within “Other long-term liabilities on the Condensed Consolidated Balance Sheets.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2026

Summary of Significant Accounting Policies [Line Items]

Summary of Significant Accounting Policies

(3)	Summary of Significant Accounting Policies

Included below are selected significant accounting policies including those that were added or modified during the six months ended June 30, 2026 as a result of new transactions entered into or the adoption of new accounting policies. Refer to

Note 3—Summary of Significant Accounting Policies

in the Annual Report for the full list of our significant accounting policies.

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying condensed consolidated financial statements and these notes.

Actual results could differ from those estimates and may result in material effects on our operating results and financial position. Estimates made in preparing the accompanying condensed consolidated financial statements primarily include, but are not limited to, those related to revenue recognition, goodwill and long-lived asset valuations, impairment assessments, stock-based compensation awards, and estimates related to the tax receivable agreement.

Materials Inventory

Materials inventory generally consists of raw materials for use on new construction projects and is stated at the lower of cost and net realizable value, with cost determined using the specific identification method. We periodically assess materials inventory for obsolescence and recoverability and record write-downs to net realizable value based on assumptions about future demand, market conditions, plans for disposal, and physical condition of the materials.

Income Taxes

After the completion of the IPO, we became subject to U.S. federal, state, and local income taxes with respect to our allocable share of taxable income of Holdings assessed at the prevailing corporate tax rates. Holdings operates as a limited liability company and is treated as a partnership for income tax purposes. Accordingly, Holdings incurs no significant liability for federal or state income taxes since the taxable income or loss is passed through to its members. Holdings incurs liabilities for certain state taxes paid directly by it, which are not significant and for which the expense is included in the provision for income taxes in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025.

We use the liability method to account for income taxes in accordance with

ASC 740—Income Taxes

. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of differences between the financial reporting and tax bases of assets and liabilities. Deferred tax amounts are calculated using the enacted tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are recorded when it is considered more likely than not that they will be realized. We evaluate the need for a valuation allowance by considering all available evidence, including projections of future taxable income, the timing of temporary difference reversals, the existence of tax planning strategies and historical operating results.

We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authority, based on the technical merits of the position. As of June 30, 2026 and December 31, 2025, there were no known items that would require an accrual for uncertain tax positions.

Tax Receivable Agreement

In connection with the IPO, we entered into a Tax Receivable Agreement (“TRA”) with Holdings and the Continuing Equity Owners whereby we agreed to pay to such Continuing Equity Owners 85% of the benefits that we realize, or are deemed to realize, as a result of our allocable share of existing tax basis acquired in the IPO, increases in our share of existing tax basis and adjustments to the tax basis of the assets of Holdings as a result of sales or exchanges of common units, and certain other tax benefits related to entering into the TRA.

In addition to tax expenses, we will also make payments under the TRA, which are expected to be significant. We will account for the income tax effects and corresponding TRA’s effects resulting from future taxable purchases or redemptions of LLC Interests of the Continuing Equity Owners by recognizing an increase in deferred tax assets, based on enacted tax rates at the date of the purchase or redemption. Further, we will evaluate the likelihood that we will realize the benefit represented by the deferred tax asset and, to the extent that we estimate that it is more likely than not that we will not realize the benefit, we will reduce the carrying amount of the deferred tax asset with a valuation allowance. The amounts to be recorded for both the deferred tax

assets and the liability for obligations under the TRA will be estimated at the time of any purchase or redemption as an adjustment to stockholders’ equity, and the effects of changes in any estimates after this date will be included in net income. Similarly, the effect of subsequent changes in the enacted tax rates will be included in net income. Judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements. A change in our assessment of such consequences, such as realization of deferred tax assets, changes in tax laws or interpretations thereof could materially impact results.

We recognize obligations arising under the TRA in accordance with ASC 450—

Contingencies

. Obligations under the TRA are accrued when it is probable that a liability has been incurred and its amount is estimable. Liabilities associated with the TRA are classified as either current or noncurrent based on the expected date of payment and are presented in the condensed consolidated balance sheets. The exchange of partnership interest will result in an increase in TRA liabilities with a corresponding adjustment to Additional

paid-in

capital. Subsequent remeasurement of the TRA liabilities is recognized in the condensed consolidated statement of operations. See Note 8 —

Income Taxes and Tax Receivable Agreement

for additional information.

Stock-Based Compensation

We account for stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation (“ASC 718”). Stock-based awards, including stock options. restricted stock awards. and restricted stock units are measured at their grant-date fair value and recognized as

non-cash

compensation expense on a straight-line basis over the requisite service period, which generally corresponds to the vesting period of the award. The grant date fair value of restricted stock awards and restricted stock units are determined based on our Class A common stock closing price on the grant date. The grant date fair value of stock options are determined on each grant date using the Black-Scholes option pricing model, which requires us to make certain assumptions with respect to selected model inputs, such as: (i) the risk-free interest rate, (ii) the expected volatility of our Class A common stock, (iii) the expected dividend yield, and (iv) the expected term. Forfeitures are accounted for as they occur.

For periods prior to the IPO, the grant date fair value of the Restricted Class C Units was determined on each grant date using the Black-Scholes option-pricing model, which required us to make certain assumptions with respect to selected model inputs, such as: (i) the risk-free interest rate, (ii) the expected volatility of the price of the Restricted Class C Units, (iii) the expected dividend yield, and (iv) the expected time to liquidity.

Prior to the IPO, the fair value of the Restricted Unit Appreciation (“RUA”) Plan awards was measured based on the fair value of Class A units of SOLV Energy Parent Holdings LP, which was estimated using generally accepted equity valuation and allocation methods. Subsequent to the IPO, the fair value of RUA awards is derived from the fair market value of our Class A common stock on the settlement date and is therefore a Level 1 measurement. The change in fair value at each reporting end will be recognized in the condensed consolidated statement of operations.

See Note 9 – Stock-based Compensation, for additional information on our stock-based compensation plans and awards

Earnings per Share

Basic earnings per share is computed by dividing net income (loss) attributable to SOLV Energy, Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted earnings (loss) per share is computed by giving effect to all potential shares, including LLC Interests (which may be held indirectly through SOLV Energy Management Holdings LP), stock-options, restricted stock awards, and restricted stock unit awards, to the extent dilutive. We use the

“if-converted”

method to determine the potential dilutive effects of the vested LLC Interests and the treasury stock method to determine the potential dilutive effects of the unvested LLC Interests and the vesting of the outstanding equity awards. Both methods are used as if the common units and outstanding equity awards were converted into our Class A common stock as of the IPO date.

See Note 11 – Earnings Per Share, for additional information on dilutive securities.

New Accounting Pronouncements Not Yet Adopted

In November 2024, the FASB issued ASU

2024-03,

“

Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic

220-40):

Disaggregation of Income Statement Expenses

.” The update requires entities to tabularly disclose in the footnotes to the financial statements, the amounts of purchased inventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. The standard also requires disclosure of the amount and a qualitative description of other items remaining in relevant expense captions that are not separately disaggregated. This update is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption and both prospective and retrospective application are permitted. We are currently assessing the effect of this update.

In September 2025, the FASB issued ASU

2025-06,

“

Intangibles-Goodwill and

Other-Internal-Use

Software (Subtopic

350-40):

Targeted Improvements to the Accounting for

Internal-Use

Software

”, which amends the guidance on

internal-use

software. The ASU removed all references to prescriptive and sequential software development stages (referred to as “project stages”) throughout Subtopic

350-40.

Instead an entity is required to start capitalizing software costs when 1) management has authorized and committed to funding the software project and 2) it is probable that the project will be completed, and the software will be used to perform the function intended (referred to as the

“probable-to-complete

recognition threshold”). Among other things, the ASU also specified that disclosures are required for all capitalized

internal-use

software costs, regardless of how these costs are presented in the financial statements. The ASU is effective for annual reporting periods beginning after December 15, 2027 and interim reporting periods within those annual reporting periods. Early adoption is permitted. We are currently assessing the effect of this update.

Description of Business - Additional information (Detail) - USD ($) $ / shares in Units, $ in Thousands			6 Months Ended
	Jun. 04, 2026	Feb. 12, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 01, 2026
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance initial public offering			$ 844,249	$ 0
Equity method investment units purchased	8,396,830	23,575,000
Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued					15,000,000
Sale of Stock, number of shares issued in transaction		91,773,571
Common Class A [Member] \| Selling stockholder shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued					7,698,410
Common Class A [Member] \| Company issued shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued					7,301,590
Shares issued, price per share					$ 36
Common Class A [Member] \| IPO [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued		23,575,000
Proceeds from issuance initial public offering		$ 552,500
Common Class A [Member] \| Over-Allotment Option [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued	2,250,000
Common Class A [Member] \| Over-Allotment Option [Member] \| Selling stockholder shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued	1,154,760
Common Class A [Member] \| Over-Allotment Option [Member] \| Company issued shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, issued	1,095,240
Shares issued, price per share	$ 36
Common Class B [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of Stock, number of shares issued in transaction		87,141,865

Debt Obligations - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Feb. 12, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt		$ 0	$ 0	$ (10,688)	$ 0
Unamortized Deferred Financing Costs		1,598		1,598
Amortization of Debt Issuance Costs		224	$ 150	343	$ 297
SOLV Energy Credit Agreement [Member]
Line of Credit Facility [Line Items]
Gain (Loss) on Extinguishment of Debt				10,485
Extinguishment of Debt, Amount				401,100
Debt Instrument, Unamortized Discount (Premium), Net		6,419		6,419
Debt Instrument Prepayment Penalty				4,066
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.35%
Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.20%
Revolving Credit Facility [Member] \| Base Rate [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate at Period End	1.25%
Revolving Credit Facility [Member] \| Base Rate [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate at Period End	0.50%
Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate at Period End	2.25%
Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate at Period End	1.50%
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		13,355		13,355
New Revolver [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding		$ 0		0
Payments of Financing Costs				$ 2,919

Stockholders'/Members' Equity - Additional Information (Detail)	Jun. 30, 2026 shares
Stockholders' Equity Note [Abstract]
Capital unit held	123,745,401
Percentage of ownership interest held in non controlling interest	61.10%

Stockholders'/Members' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

Summary of capitalization and voting rights of the Company's classes of stock

The following table summarizes the capitalization and voting rights of our classes of stock as of June 30, 2026:

Authorized

Issued & Outstanding

Votes per share

Economic Rights

Preferred Stock

20,000,000

None

N/A

Common Stock:

Class A

1,250,000,000

123,745,401

Yes

Class B

100,000,000

78,646,225

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net


	Three Months Ended June 30, 2026			Six Months Ended June 30, 2026
Net income attributable to SOLV Energy, Inc.	$	36,970		$	13,612
Transfers from (to) non-controlling interests:
Increase in additional paid-in capital as a result of non-controlling interest adjustments, including the secondary offering		18,520			18,520
Decrease in additional paid-in capital as a result of the redemption of LLC interests in connection with the secondary offering		(1,208	)		(1,208	)

Total effect of changes in ownership interest on equity attributable to SOLV Energy, Inc.	$	54,282		$	30,924

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2026
Summary of Significant Accounting Policies [Line Items]
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying condensed consolidated financial statements and these notes. Actual results could differ from those estimates and may result in material effects on our operating results and financial position. Estimates made in preparing the accompanying condensed consolidated financial statements primarily include, but are not limited to, those related to revenue recognition, goodwill and long-lived asset valuations, impairment assessments, stock-based compensation awards, and estimates related to the tax receivable agreement.
Materials Inventory	Materials Inventory Materials inventory generally consists of raw materials for use on new construction projects and is stated at the lower of cost and net realizable value, with cost determined using the specific identification method. We periodically assess materials inventory for obsolescence and recoverability and record write-downs to net realizable value based on assumptions about future demand, market conditions, plans for disposal, and physical condition of the materials.
Income Taxes	Income Taxes After the completion of the IPO, we became subject to U.S. federal, state, and local income taxes with respect to our allocable share of taxable income of Holdings assessed at the prevailing corporate tax rates. Holdings operates as a limited liability company and is treated as a partnership for income tax purposes. Accordingly, Holdings incurs no significant liability for federal or state income taxes since the taxable income or loss is passed through to its members. Holdings incurs liabilities for certain state taxes paid directly by it, which are not significant and for which the expense is included in the provision for income taxes in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025. We use the liability method to account for income taxes in accordance with ASC 740—Income Taxes . Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of differences between the financial reporting and tax bases of assets and liabilities. Deferred tax amounts are calculated using the enacted tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are recorded when it is considered more likely than not that they will be realized. We evaluate the need for a valuation allowance by considering all available evidence, including projections of future taxable income, the timing of temporary difference reversals, the existence of tax planning strategies and historical operating results. We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authority, based on the technical merits of the position. As of June 30, 2026 and December 31, 2025, there were no known items that would require an accrual for uncertain tax positions.
Tax Receivable Agreement	Tax Receivable Agreement In connection with the IPO, we entered into a Tax Receivable Agreement (“TRA”) with Holdings and the Continuing Equity Owners whereby we agreed to pay to such Continuing Equity Owners 85% of the benefits that we realize, or are deemed to realize, as a result of our allocable share of existing tax basis acquired in the IPO, increases in our share of existing tax basis and adjustments to the tax basis of the assets of Holdings as a result of sales or exchanges of common units, and certain other tax benefits related to entering into the TRA. In addition to tax expenses, we will also make payments under the TRA, which are expected to be significant. We will account for the income tax effects and corresponding TRA’s effects resulting from future taxable purchases or redemptions of LLC Interests of the Continuing Equity Owners by recognizing an increase in deferred tax assets, based on enacted tax rates at the date of the purchase or redemption. Further, we will evaluate the likelihood that we will realize the benefit represented by the deferred tax asset and, to the extent that we estimate that it is more likely than not that we will not realize the benefit, we will reduce the carrying amount of the deferred tax asset with a valuation allowance. The amounts to be recorded for both the deferred tax assets and the liability for obligations under the TRA will be estimated at the time of any purchase or redemption as an adjustment to stockholders’ equity, and the effects of changes in any estimates after this date will be included in net income. Similarly, the effect of subsequent changes in the enacted tax rates will be included in net income. Judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements. A change in our assessment of such consequences, such as realization of deferred tax assets, changes in tax laws or interpretations thereof could materially impact results. We recognize obligations arising under the TRA in accordance with ASC 450— Contingencies . Obligations under the TRA are accrued when it is probable that a liability has been incurred and its amount is estimable. Liabilities associated with the TRA are classified as either current or noncurrent based on the expected date of payment and are presented in the condensed consolidated balance sheets. The exchange of partnership interest will result in an increase in TRA liabilities with a corresponding adjustment to Additional paid-in capital. Subsequent remeasurement of the TRA liabilities is recognized in the condensed consolidated statement of operations. See Note 8 — Income Taxes and Tax Receivable Agreement for additional information.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation (“ASC 718”). Stock-based awards, including stock options. restricted stock awards. and restricted stock units are measured at their grant-date fair value and recognized as non-cash compensation expense on a straight-line basis over the requisite service period, which generally corresponds to the vesting period of the award. The grant date fair value of restricted stock awards and restricted stock units are determined based on our Class A common stock closing price on the grant date. The grant date fair value of stock options are determined on each grant date using the Black-Scholes option pricing model, which requires us to make certain assumptions with respect to selected model inputs, such as: (i) the risk-free interest rate, (ii) the expected volatility of our Class A common stock, (iii) the expected dividend yield, and (iv) the expected term. Forfeitures are accounted for as they occur. For periods prior to the IPO, the grant date fair value of the Restricted Class C Units was determined on each grant date using the Black-Scholes option-pricing model, which required us to make certain assumptions with respect to selected model inputs, such as: (i) the risk-free interest rate, (ii) the expected volatility of the price of the Restricted Class C Units, (iii) the expected dividend yield, and (iv) the expected time to liquidity. Prior to the IPO, the fair value of the Restricted Unit Appreciation (“RUA”) Plan awards was measured based on the fair value of Class A units of SOLV Energy Parent Holdings LP, which was estimated using generally accepted equity valuation and allocation methods. Subsequent to the IPO, the fair value of RUA awards is derived from the fair market value of our Class A common stock on the settlement date and is therefore a Level 1 measurement. The change in fair value at each reporting end will be recognized in the condensed consolidated statement of operations. See Note 9 – Stock-based Compensation, for additional information on our stock-based compensation plans and awards .
Earnings per Share	Earnings per Share Basic earnings per share is computed by dividing net income (loss) attributable to SOLV Energy, Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted earnings (loss) per share is computed by giving effect to all potential shares, including LLC Interests (which may be held indirectly through SOLV Energy Management Holdings LP), stock-options, restricted stock awards, and restricted stock unit awards, to the extent dilutive. We use the “if-converted” method to determine the potential dilutive effects of the vested LLC Interests and the treasury stock method to determine the potential dilutive effects of the unvested LLC Interests and the vesting of the outstanding equity awards. Both methods are used as if the common units and outstanding equity awards were converted into our Class A common stock as of the IPO date. See Note 11 – Earnings Per Share, for additional information on dilutive securities.
New Accounting Pronouncements Not Yet Adopted	New Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, “ Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses .” The update requires entities to tabularly disclose in the footnotes to the financial statements, the amounts of purchased inventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense caption. The standard also requires disclosure of the amount and a qualitative description of other items remaining in relevant expense captions that are not separately disaggregated. This update is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption and both prospective and retrospective application are permitted. We are currently assessing the effect of this update. In September 2025, the FASB issued ASU 2025-06, “ Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ”, which amends the guidance on internal-use software. The ASU removed all references to prescriptive and sequential software development stages (referred to as “project stages”) throughout Subtopic 350-40. Instead an entity is required to start capitalizing software costs when 1) management has authorized and committed to funding the software project and 2) it is probable that the project will be completed, and the software will be used to perform the function intended (referred to as the “probable-to-complete recognition threshold”). Among other things, the ASU also specified that disclosures are required for all capitalized internal-use software costs, regardless of how these costs are presented in the financial statements. The ASU is effective for annual reporting periods beginning after December 15, 2027 and interim reporting periods within those annual reporting periods. Early adoption is permitted. We are currently assessing the effect of this update.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

- Definition

Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.

+ References + Details

- Definition

Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.

+ References

+ Details

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Intangible Assets - Summary of the intangible assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Acquired, Finite-Lived [Line Items]
Intangible Assets	$ 592,170	$ 650,760
Accumulated Amortization	(258,261)	(288,370)
Intangible Assets, Net	$ 333,909	362,390
Trade Name
Intangible Asset, Acquired, Finite-Lived [Line Items]
Remaining Weighted Average Amortization Period in Years	8 years 1 month 6 days
Intangible Assets	$ 120,370	120,670
Accumulated Amortization	(48,611)	(43,378)
Intangible Assets, Net	$ 71,759	77,292
Customer Relationships
Intangible Asset, Acquired, Finite-Lived [Line Items]
Remaining Weighted Average Amortization Period in Years	5 years
Intangible Assets	$ 345,800	343,900
Accumulated Amortization	(171,646)	(152,376)
Intangible Assets, Net	$ 174,154	191,524
Backlog
Intangible Asset, Acquired, Finite-Lived [Line Items]
Intangible Assets		60,190
Accumulated Amortization		(58,813)
Intangible Assets, Net		1,377
Patents/Know-How
Intangible Asset, Acquired, Finite-Lived [Line Items]
Remaining Weighted Average Amortization Period in Years	10 years 6 months
Intangible Assets	$ 126,000	126,000
Accumulated Amortization	(38,004)	(33,803)
Intangible Assets, Net	$ 87,996	$ 92,197

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 01, 2026	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 20, 2025
Related Party Transactions [Line Items]
Secured notes						$ 112,500
Annual service fee expense				$ 3,000
Selling, General and Administrative Expense		$ 52,649	$ 41,157	164,024	$ 77,227
Common Class A [Member] \| Selling Stockholder Shares [Member]
Related Party Transactions [Line Items]
Stock Issued During Period, Shares, New Issues	8,853,170
Selling, General and Administrative Expense	$ 1,273
American Securities [Member]
Related Party Transactions [Line Items]
Related Party Transaction, Amounts of Transaction		$ 0	$ 1,204	$ 750	$ 1,954

- Definition

Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.

+ References + Details

- Definition

The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

+ References + Details

- Definition

Number of new stock issued during the period.

+ References

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-Topic 942
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-Paragraph 1
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-Topic 210
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 3
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-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 3
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+ Details

Stockholders'/Members' Equity

6 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

Stockholders'/Members' Equity

(10)	Stockholders’/Members’ Equity

The following table summarizes the capitalization and voting rights of our classes of stock as of June 30, 2026:

Authorized

Issued & Outstanding

Votes per share

Economic Rights

Preferred Stock

20,000,000

None

N/A

Common Stock:

Class A

1,250,000,000

123,745,401

Yes

Class B

100,000,000

78,646,225

Our board of directors is authorized to direct us to issue shares of preferred stock in one or more series and the discretion to determine the rights, preferences, privileges and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, of each series of preferred stock. Through June 30, 2026, no series of preferred stock have been issued.

Holders of shares of our Class A common stock are entitled to receive dividends when and if declared by our board of directors out of funds legally available therefore, subject to any statutory or contractual restrictions on the payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock. Upon our dissolution or liquidation, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of shares of our Class A common stock will be entitled to receive pro rata our remaining assets available for distribution. Holders of shares of our Class A common stock do not have preemptive, subscription, redemption or conversion rights. There will be no redemption or sinking fund provisions applicable to the Class A common stock.

Holders of our Class B common stock do not have any right to receive dividends or to receive a distribution upon dissolution or liquidation. Additionally, holders of shares of our Class B common stock do not have preemptive, subscription, redemption or conversion rights. There will be no redemption or sinking fund provisions applicable to the Class B common stock. Any amendment of our amended and restated certificate of incorporation that gives holders of our Class B common stock (i) any rights to receive dividends or any other kind of distribution, (ii) any right to convert into or be exchanged for Class A common stock or (iii) any other economic rights will require, in addition to stockholder approval, the affirmative vote of holders of our Class A common stock voting separately as a class. We must, at all times, maintain (i) a

one-to-one

ratio between the number of shares of Class A common stock issued by us and the number of LLC Interests owned by us, and (ii) maintain a

one-to-one

ratio between the number of shares of Class B common stock owned by the Continuing Equity Owners and the number of LLC Interests owned by the Continuing Equity Owners.

Shares of Class B common stock will be issued in the future only to the extent necessary to maintain a

one-to-one

ratio between the number of LLC Interests held by the Continuing Equity Owners and the number of shares of Class B common stock issued to the Continuing Equity Owners. Shares of Class B common stock are transferable only together with an equal number of LLC Interests. Only permitted transferees of LLC Interests held by the Continuing Equity Owners will be permitted transferees of Class B common stock.

The LLC Interests held by Continuing Equity Owners include a redemption right which may be settled by us, at our election, through the (i) issuance of a new share of Class A common stock for each LLC Interest redeemed or (ii) settled by cash proceeds received from a qualifying offering of Class A common stock. The LLC Interests are not classified as temporary equity as the cash settlement is limited to the proceeds from a new offering of Class A common stock which is equity-classified.

Noncontrolling Interests

SOLV Energy, Inc., through a wholly owned subsidiary, became the sole manager of Holdings and accordingly consolidates the results of operations of Holdings. The noncontrolling interests balance on our consolidated balance sheets represents the portion of LLC Interests held by the Continuing Equity Owners. Net (loss) income is attributed to the noncontrolling interests based on the weighted-average ownership percentages of LLC Interests outstanding during the period.

As of June 30, 2026, SOLV Energy, Inc., directly and indirectly, held 123,745,401 LLC Interests of Holdings resulting in an ownership interest of 61.1%.


	Three Months Ended June 30, 2026			Six Months Ended June 30, 2026
Net income attributable to SOLV Energy, Inc.	$	36,970		$	13,612
Transfers from (to) non-controlling interests:
Increase in additional paid-in capital as a result of non-controlling interest adjustments, including the secondary offering		18,520			18,520
Decrease in additional paid-in capital as a result of the redemption of LLC interests in connection with the secondary offering		(1,208	)		(1,208	)

Total effect of changes in ownership interest on equity attributable to SOLV Energy, Inc.	$	54,282		$	30,924

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147481520/505-30-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	5 Months Ended	6 Months Ended
	Feb. 12, 2026	Jun. 30, 2026	Jun. 30, 2026	Jun. 30, 2026	Dec. 31, 2025
Restricted Stock Awards [Member]
StockBased Compensation [Line Items]
Share-based compensation arrangement by share-based payment award, options, grants in period, gross			261,000
Share-based compensation arrangement by share-based payment award, options, grants in period, weighted average grant date fair value			$ 6,525
Stock issued during period, shares, restricted stock award, forfeited		10,400		14,000
Employee benefits and share-based compensation		$ 521		$ 797
Unamortized Non cash compensation cost			$ 5,378
Share-based compensation arrangement by share-based payment award, options, outstanding, weighted average remaining contractual term			2 years 7 months 6 days
Employee Stock Option Member
StockBased Compensation [Line Items]
Share-based compensation arrangement by share-based payment award, options, grants in period, gross	3,077,446	25,000
Stock issued during period, shares, restricted stock award, forfeited		48,106		53,014
Share-based compensation arrangement by share-based payment award, option, nonvested, weighted average exercise price	$ 25
Employee benefits and share-based compensation		$ 2,935		$ 4,518
Unamortized Non cash compensation cost				$ 31,217
Share-based compensation arrangement by share-based payment award, options, outstanding, weighted average remaining contractual term			2 years 7 months 6 days
Restricted Unit Appreciation Plan [Member]
StockBased Compensation [Line Items]
Share-based compensation arrangement by share-based payment award, options, grants in period, gross		45,814
Share-based compensation arrangement by share-based payment award, options, grants in period, weighted average grant date fair value		$ 1,937
Share-based compensation arrangement by share-based payment award, option, nonvested, weighted average exercise price		$ 42.27	$ 42.27	$ 42.27
Employee benefits and share-based compensation		$ 1,754		$ 3,307
Unamortized Non cash compensation cost				$ 1,865
Share-based compensation arrangement by share-based payment award, options, outstanding, weighted average remaining contractual term				3 years 10 months 24 days
Resticted stock based compensation payable		$ 44,747	$ 44,747	$ 44,747
Share based Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage		25.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period		0
Time Vested [Member]
StockBased Compensation [Line Items]
Unrecognized non cash compensation expense				10,693
Performance Vested [Member]
StockBased Compensation [Line Items]
Unrecognized non cash compensation expense				1,462
Additional C Units [Member]
StockBased Compensation [Line Items]
Unrecognized non cash compensation expense				1,691
MOIC Vested [Member]
StockBased Compensation [Line Items]
Employee benefits and share-based compensation		$ 4,112		6,688
Unrecognized non cash compensation expense				11,089
One time incremental non cash compensation				$ 52,270
Common Class A [Member]
StockBased Compensation [Line Items]
Common stock, shares, outstanding		123,745,401	123,745,401	123,745,401	123,745,401
Common Class A [Member] \| Restricted Stock Awards [Member]
StockBased Compensation [Line Items]
Share-based compensation arrangement by share-based payment award, option, nonvested, weighted average exercise price		$ 25	$ 25	$ 25
Common Class A [Member] \| Restricted Unit Appreciation Plan [Member]
StockBased Compensation [Line Items]
Employee benefits and share-based compensation		$ 72		$ 72
Common Class A [Member] \| 2026 Plan [Member]
StockBased Compensation [Line Items]
Share-based compensation arrangement by share-based payment award, options, exercises in period	7,500,000
Percentage of common stock outstanding	3.00%
Common stock, shares, outstanding		4,157,754	4,157,754	4,157,754

Details of Certain Accounts - Summary of Property and equipment, net (Detail) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 200,775	$ 168,308
Less: Accumulated depreciation	(78,520)	(61,925)
Property and equipment, net of accumulated depreciation	122,255	106,383
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	94,378	80,022
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,517	4,391
Vehicles under finance leases [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	72,116	56,724
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,848	2,845
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,516	15,214
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,679	5,305
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,244	3,340
Buildings and land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 477	$ 467

Subsequent Events - Additional information (Detail) - Subsequent Event [Member] - Roberson Waite Electric [Member] $ in Thousands	Jul. 01, 2026 USD ($)
Subsequent Event [Line Items]
Business combination, consideration transferred	$ 40,865
Business combination, consideration transferred, tangible and intangible assets, excluding cash	$ 9,000
Business Combination, Voting Equity Interest Acquired, Percentage	100.00%

Details of Certain Accounts - Summary of reconciliation of capitalized project development costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Schedule of reconciliation of capitalized project development costs [Line Items]
Capitalized project development costs, at beginning of period	$ 13,297	$ 26,463	$ 17,734	$ 25,204
Costs (refunded) capitalized during the period	(564)	1,514	(1,062)	1,514
Costs expensed from sale of projects during the period	(9,058)	(2,942)	(9,058)	(1,683)
Impaired costs written off during the period	(326)	(752)	(4,265)	(752)
Capitalized project development costs, at end of period	$ 3,349	$ 24,283	$ 3,349	$ 24,283

Stock-Based Compensation

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

(9)	Stock-Based Compensation

In connection with the IPO, stockholders approved the 2026 Equity Incentive Plan (the “2026 Plan”), which became effective on February 12, 2026. The 2026 Plan is administered by our board of directors or a committee thereof and provides for customary limitations, including an annual compensation limit applicable to

non-employee

directors.

The 2026 Plan provides for the issuance of up to 7,500,000 shares of Class A common stock for equity-based awards, including stock options, stock appreciation rights, restricted stock, restricted stock units and other stock-based awards, and includes an annual automatic increase in the share reserve equal to 3% of the total number of shares of Class A common stock outstanding as of the end of the immediately preceding fiscal year, beginning on January 1 following the IPO and continuing through the ninth anniversary of the effective date of the 2026 Plan, unless our board of directors determines a lesser increase for any such year. As of June 30, 2026, 4,157,754 shares of Class A common stock are available for future grant under the 2026 Plan.

Restricted Stock Awards (“RSA”)

In connection with the IPO on February 12, 2026, we awarded an aggregate of 261,000 shares of restricted stock to certain of our executives and employees and

non-employee

directors under the 2026 Plan with an aggregate grant date fair value of $6,525. The RSAs were awarded to all employees with at least one year of service at the time of the IPO. The RSAs cliff vest on the third anniversary of the completion of the IPO, subject to continued employment on such date. Additionally, vesting is subject to certain change in control and termination provisions as provided in the award agreements. No RSAs have been awarded since the IPO. During the three and six months ended June 30, 2026, 10,400 and 14,000 RSAs were forfeited, respectively.

As of June 30, 2026, all the RSAs that are outstanding remain unvested. The grant date fair value of each RSA of $25.00 per share was based on the fair value of a share of Class A common stock at the time of the IPO. Our total

non-cash

compensation expense for RSAs was approximately $521 and $797 for the three and six months ended June 30, 2026, respectively, and is included in “Cost of revenue” and “Selling, general and administrative expenses” in the condensed consolidated statements of operations.

We expect to recognize the unamortized

RSA-related

non-cash

compensation expense of approximately $5,378 as of June 30, 2026 over a weighted-average period of approximately 2.6 years.

Restricted Stock Units (“RSU”)

During the three months ended June 30, 2026, we awarded an aggregate of 45,814 RSUs to certain employees under the 2026 Plan with an aggregate grant date fair value of $1,937. Twenty-five percent (25%) of the RSUs vest on each of the first four anniversaries of the grant date, subject to continued employment on such

date. All unvested units are forfeited upon termination of employment. Unvested units vest immediately if the holder is terminated without cause within 24 months following a change in control.

RSUs were forfeited during the three months ended June 30, 2026.

As of June 30, 2026, all of the awarded RSUs remain outstanding and unvested. The $42.27 per share fair value of each RSU was based on the fair value of a share of Class A common stock on the grant date. The total compensation expense for RSUs was approximately $72 for the three and six months ended June 30, 2026, and is included in “Cost of revenue” and “Selling, general and administrative expenses” in the condensed consolidated statements of operations. We expect to recognize the unamortized

RSU-related

compensation expense of approximately $1,865 as of June 30, 2026 over a weighted-average period of approximately 3.9 years.

Stock Options

In connection with the IPO on February 12, 2026, we awarded an aggregate of 3,077,446 stock options exercisable for shares of Class A common stock with an exercise price per share of $25.00 based on the fair value at the time of the IPO. These option awards were made under the 2026 Plan in connection with the conversion of legacy Class C profits interests of Holdings into

LLC Units effected at the IPO, as described in our prospectus dated February 11, 2026. The options will vest in three equal annual installments over the three-year period following the IPO, subject to continued employment through the vesting date. Unvested options are generally forfeited upon termination of employment, and all options, whether vested or unvested, are forfeited if employment is terminated for cause. Unvested options vest immediately if the holder is terminated without cause within 24 months following a change in control. Options expire ten years from the grant date unless forfeited or terminated earlier under the terms of the award agreement or the 2026 Plan.

During the three months ended June 30, 2026, an additional 25,000 stock options were

granted. During the three and six months ended June 30, 2026,

48,106

and 53,014 stock options were forfeited, respectively.

As of June 30, 2026, all of the outstanding stock options remain unvested. Total

non-cash

compensation expense for the outstanding stock options was approximately $2,935 and $4,518 for the three and six months ended June 30, 2026, respectively, and is included in “Cost of revenue” and “Selling, general and administrative expenses” in the condensed consolidated statements of operations.

We expect to recognize the unamortized stock option-related

non-cash

compensation expense of approximately $31,217 as of June 30, 2026 over a weighted-average period of approximately 2.6 years.

We estimate the fair value of stock options on the date of grant using the Black-Scholes option pricing model. The Black-Scholes option-pricing model requires estimates of highly subjective assumptions, which greatly affect the fair value of each stock option. The weighted-average assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2026 were as follows:


		Six Months Ending June 30, 2026
Fair value of stock option		$11.71 - $13.20
Risk-free interest rate		3.73% - 4.02%
Expected life (years) (1)		6.0
Expected dividend yield		—
Volatility		39% - 43%

(1)	Expected life (years): The expected life was estimated using the simplified method due to a lack of historical exercise activity. The simplified method calculates the expected life as the mid-point between the vesting date and the contractual expiration date of the award.

Restricted Unit Appreciation (“RUA”) Plan

At the completion of the IPO, all of the RUA awards had vested and the outstanding RUA awards will be settled in cash on or within 60 days following December 23, 2026, based on the fair market value of the Class A common stock on December 23, 2026. The aggregate cash amount that is payable to settle the outstanding RUA awards as of June 30, 2026 is approximately $44,747. The change in fair value was recognized in “Cost of revenue” and “Selling, general and administrative expenses” in the condensed consolidated statements of operations.

Restricted Class C Unit Conversion

The Reorganization Transactions entered into in connection with the IPO consequently ended the Restricted Class C unit and Additional Class C unit plans and caused all outstanding units to be converted into a number of LLC Interests (which may be held indirectly through SOLV Energy Management Holdings LP) with a time-based vesting condition. Prior to the IPO, the Restricted Class C units were granted to employees and

non-employees

with time, performance and multiple on invested capital (“MOIC”) vesting conditions.

In connection with the IPO, vested Restricted Class C units and Additional Class C units were converted into vested LLC Interests (which may be held indirectly through SOLV Energy Management Holdings LP). The unvested Restricted Class C that were time-vesting units and unvested Additional Class C units converted into unvested LLC Interests with the same time vesting schedule. The unvested Restricted Class C units that were performance and MOIC vesting units were converted into LLC Interests and are treated as if they were time-vesting units at the time of grant, such that a portion of such LLC Interests are vested and a portion are unvested subject to the remaining time vesting schedule that applies to the time-vesting units. For each LLC Interest outstanding, there is a corresponding share of our Class B common stock tied to it. The shares of Class B common stock have voting rights, but no economic rights.

We determined that the exchange of the Restricted Class C time and performance vesting units and the Additional Class C units for LLC Interests (which may be held indirectly through SOLV Energy Management Holdings LP) and Class B common stock tied to such LLC Interests) is a Type I modification pursuant to ASC 718,

Compensation – Stock Compensation (“ASC 718”)

because the units prior to and after the exchange are expected to vest. We recorded

$1,754 and $3,307 in

non-cash

compensation expense associated with the Restricted Class C time vesting units, performance vesting units and the Additional Class C units for the three and six months ended June 30, 2026 in the condensed consolidated statements of operations. As of June 30, 2026, there was $10,693, $1,462 and $1,691 of unrecognized

non-cash

compensation expense expected to be recognized through 2029, respectively for these units.

We determined that the exchange of the Restricted Class C MOIC-vested units for LLC Interests (which may be held indirectly through SOLV Energy Management Holdings LP) and Class B common stock is a Type III modification pursuant to ASC 718 because the MOIC-vested units vesting condition was deemed improbable and is now considered probable. As a result of the exchange, we recognized a

one-time

incremental

non-cash

compensation expense of approximately

$52,270 for the applicable vested LLC Interests in the condensed consolidated statement of operations for the six months ended June 30, 2026. We recorded $4,112 and $6,688 in

non-cash

compensation expense associated with these MOIC-vested units for the three and six months ended June 30, 2026, respectively, and is included in Cost of revenue and Selling, general and administrative expenses in the condensed consolidated statements of operations. As of June 30, 2026, there was $11,089 of unrecognized

non-cash

compensation expense expected to be recognized through 2029.

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2026	Aug. 14, 2026
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Entity Central Index Key	0002065636
Document Period End Date	Jun. 30, 2026
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Entity File Number	001-43117
Entity Registrant Name	SOLV Energy, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-4537250
Entity Address, Address Line One	16680
Entity Address, Address Line Two	West Bernardo Drive
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92127
City Area Code	858
Local Phone Number	251-4888
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	MWH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		123,745,401
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		78,641,321

Earnings Per Share - Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares	3 Months Ended	5 Months Ended
	Jun. 30, 2026	Jun. 30, 2026
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	45,814	45,814
Vested shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0	72,718,537

Commitments and Contingencies

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(12)	Commitments and Contingencies

Legal Proceedings

From time to time, we are involved in various lawsuits, claims, inquiries and other regulatory and compliance matters, most of which are routine to the nature of our business.

Additional lawsuits, claims, inquiries and other regulatory and compliance matters could arise in the future. The range of expenses for resolving any future matters would be assessed as they arise; until then, a range of potential expenses for such resolution cannot be determined.

Based upon current information, we concluded that the impact of the resolution of these matters would not be, individually or in the aggregate, material to our financial position, results of operations or cash flows.

Warranties

We provide warranties for EPC and O&M projects, guaranteeing the work performed against defects in equipment, materials, design, or workmanship. The length of the warranty period is generally two years. Materials and equipment used in construction are either provided by the customers or warranted against defects by suppliers. The warranty claims that we historically received have not been substantial.

See Note 15 –

Details of Certain Accounts

for warranty reserves recorded on the condensed consolidated balance sheets.

Tariffs

In February 2026, the U.S. Supreme Court issued a ruling invalidating certain tariffs previously imposed under the International Emergency Economic Powers Act (IEEPA). We are evaluating the impacts of these developments on our results of operations, as well as more recent changes regarding tariffs. We will continue to monitor developments on tariff policy and evaluate any changes to the applicability of tariffs to our business as they occur. As of June 30, 2026, we have not recorded any impact for potential recovery of tariff-related costs as the processes related to such recovery remain uncertain.

Business Combinations - Additional Information (Detail) - USD ($)			3 Months Ended
	Jun. 13, 2025	Jan. 08, 2025	Jun. 30, 2026	Jan. 08, 2026
Business Combination [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles			$ 3,600,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Deferred Tax Assets			1,142,000
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Goodwill			$ 2,458,000
SDI [Member]
Business Combination [Line Items]
Business Combination, Voting Equity Interest Acquired, Percentage		100.00%
Business combination, consideration transferred		$ 16,941,000
Payments to Acquire Businesses, Gross		11.154
Business Combination Deferred Payment		$ 5,500,000
Deferred Policy Acquisition Cost				$ 5,500,000
Spartan [Member]
Business Combination [Line Items]
Business Combination, Voting Equity Interest Acquired, Percentage	100.00%
Business combination, consideration transferred	$ 67,006,000

Subsequent Events

6 Months Ended

Jun. 30, 2026

Subsequent Event [Line Items]

Subsequent Events

(16)	Subsequent Events

Acquisition of Roberson Waite Electric

On July 1, 2026, we completed the previously-announced acquisition of 100% of the ownership interest in Roberson Waite Electric (“Roberson Waite”) for

40,865

in cash at closing, subject to customary post-closing adjustments, and up to $

9,000

payable in subsequent years, subject to certain performance criteria. Roberson Waite is a California-based provider of utility substation construction, testing, commissioning, and related infrastructure services

Income Taxes and Tax Receivable Agreement - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 01, 2026	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2026	Feb. 12, 2026	Dec. 31, 2025
Income Tax Disclosure [Abstract]
Deferred tax assets	$ 75,250	$ 179,834		$ 179,834	$ 101,302	$ 0
Effective income tax rate reconciliation, at federal statutory income tax rate, percent		8.00%		20.20%
Temporary difference between book and tax basis					69,866
Tax benefits from future deductions					19,423
Deferred tax assets, operating loss carryforwards					$ 12,005
Liability for tax receivable agreement		$ 172,344		$ 172,344
Adjustments to additional paid in capital deferred tax asset			$ 71,042	$ 71,042
Percentage of tax receivable agreement with continuing equity owners				85.00%
Increase in Liability For Tax Receivable Agreement	$ 70,751

Stockholders'/Members' Equity - Summary of capitalization and voting rights of the Company's classes of stock (Detail) - $ / shares	Jun. 30, 2026	Dec. 31, 2025
Common Class A [Member]
Schedule Of Capitalization And Voting Rights Of Company Classes Of Stock [Line Items]
Common stock, shares authorized	1,250,000,000	1,250,000,000
Common stock, shares, outstanding	123,745,401	123,745,401
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common Class B [Member]
Schedule Of Capitalization And Voting Rights Of Company Classes Of Stock [Line Items]
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, outstanding	78,646,225	78,646,225
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred Stock [Member]
Schedule Of Capitalization And Voting Rights Of Company Classes Of Stock [Line Items]
Preferred stock, shares authorized	20,000,000
Preferred stock, shares outstanding.	0
Common Stock [Member] \| Common Class A [Member]
Schedule Of Capitalization And Voting Rights Of Company Classes Of Stock [Line Items]
Common stock, shares authorized	1,250,000,000
Common stock, shares, outstanding	123,745,401
Common stock, par or stated value per share	$ 1
Common Stock [Member] \| Common Class B [Member]
Schedule Of Capitalization And Voting Rights Of Company Classes Of Stock [Line Items]
Common stock, shares authorized	100,000,000
Common stock, shares, outstanding	78,646,225
Common stock, par or stated value per share	$ 1

Related Party Transactions

6 Months Ended

Jun. 30, 2026

Related Party Transactions

(13)	Related Party Transactions

Transactions with a Minority Investor

Prior to the IPO and the related liquidation of SOLV Energy Parent Holdings LP, on December 20, 2025, SOLV Energy Parent Holdings LP redeemed the units held by a minority investor in exchange for a $112,500 note secured by a first priority lien on all of SOLV Energy Parent Holdings LP’s assets, including its equity interests in Holdings. The note was subsequently settled in January 2026 using cash on hand distributed upstream to SOLV Energy Parent Holdings LP from Holdings.

Transactions with American Securities

We were party to certain management consulting agreements with American Securities (“Consulting Agreements”), pursuant to which American Securities agreed to provide us certain management and legal services. We were required to pay American Securities an annual fee to $3,000, payable in equal quarterly cash installments. The Consulting Agreements were terminated in connection with the consummation of the IPO and Reorganization, and no further amounts are payable to American Securities. Payments made under the consulting agreements, including reimbursable expenses, were $0 and $750 during the three and six months ended June 30, 2026, respectively, and $1,204 and $1,954 during the three and six months ended June 30, 2025, respectively. These amounts are included in “Selling, general and administrative expenses”.

In connection with the redemption of the minority investor units noted above, SOLV Energy, LLC entered into a loan agreement, dated as of January 5, 2026, with affiliated funds of American Securities. The loan agreement was terminated on February 12, 2026 in connection with the IPO.

Secondary Offering

In June 2026, a secondary public offering was completed with certain selling stockholders for 8,853,170 shares of our Class A common stock. We did not receive any proceeds from the sale of our Class A common stock by the selling stockholders. We bore the costs associated with the sale of shares of Class A common stock by the selling stockholders, other than underwriting discounts and commissions from the shares sold by the selling stockholders, which were approximately $1,273 and were included in “Selling, general and administrative expenses”

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

+ Details

Details of Certain Accounts (Tables)

6 Months Ended

Jun. 30, 2026

Details of Certain Accounts [Line Items]

Summary of reconciliation of capitalized project development costs

A reconciliation of capitalized project development costs is as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Capitalized project development costs, at beginning of period	$	13,297		$	26,463		$	17,734		$	25,204
Costs (refunded) capitalized during the period		(564	)		1,514			(1,062	)		1,514
Costs expensed from sale of projects during the period		(9,058	)		(2,942	)		(9,058	)		(1,683	)
Impaired costs written off during the period		(326	)		(752	)		(4,265	)		(752	)

Capitalized project development costs, at end of period	$	3,349		$	24,283		$	3,349		$	24,283

Summary of Prepaids and other current assets

Prepaids and other current assets consisted of the following:


	June 30, 2026		December 31, 2025
Supplier deposits	$	54,561	$	43,485
Materials inventory		35,829		4,594
Non-trade receivables		1,084		3,473
Prepaid insurance		10,301		2,942
Rebates receivable		1,565		2,495
Other		6,891		3,898

Total prepaids and other current assets	$	110,231	$	60,887

Summary of Property and equipment, net

Property and Equipment

Property and equipment, net consisted of the following:


	June 30, 2026			December 31, 2025
Machinery and equipment	$	94,378		$	80,022
Vehicles		4,517			4,391
Vehicles under finance leases		72,116			56,724
Furniture and fixtures		2,848			2,845
Leasehold improvements		15,516			15,214
Computer equipment		5,679			5,305
Construction in progress		5,244			3,340
Buildings and land		477			467

Property and equipment, gross		200,775			168,308
Less: Accumulated depreciation		(78,520	)		(61,925	)

Property and equipment, net of accumulated depreciation	$	122,255		$	106,383

Summary of depreciation expense included in cost of revenue and selling, general and administrative expenses

The following table summarizes depreciation expense included in “Cost of revenue” and “Selling, general and administrative expenses”:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of revenue	$	8,512	$	6,128	$	16,407	$	10,395
Selling, general and administrative expenses		966		295		1,922		1,832

Total depreciation expense	$	9,478	$	6,423	$	18,329	$	12,227

Summary of Accounts payable and accrued expenses

Accounts payable and accrued expenses consisted of the following:


	June 30, 2026		December 31, 2025
Vendor payables and accrued purchases	$	523,157	$	422,853
Accrued compensation and benefits		76,836		73,330
Restricted Unit Appreciation Plan liability		44,747		32,854
Indirect taxes payable		24,092		11,905
Accrued professional services		5,884		8,580
Accrued warranty		5,759		4,278
Deferred acquisition consideration		—		5,500
Accrued interest		—		2,918

Total accounts payable and accrued expenses	$	680,475	$	562,218

Summary of Other long-term liabilities consisted

Other long-term liabilities consisted of the following:


	June 30, 2026		December 31, 2025
Warranty reserves		8,119		6,300
Deferred tax liability		6,150		5,339
Deferred compensation liability		—		5,343
Deferred revenue		1,215		1,362

Total other long-term liabilities	$	15,484	$	18,344

Segment Information

6 Months Ended

Jun. 30, 2026

Segment Reporting Information [Line Items]

Segment Information

(5)	Segment Information

In the first quarter of 2026, we had a segment change moving from two operating segments to one operating segment to align with how our chief operating decision maker (the “CODM”) manages the business. Our CODM is our Chief Executive Officer. As a result of this change, we now have one operating segment and one reportable segment.

Our CODM allocates resources and assesses our performance based on consolidated net income, as reported on the condensed consolidated statement of operations, which, as the segment measure of profit or loss that is most consistent with U.S. GAAP, is the required segment measure. Our CODM uses this to make decisions regarding our business, including performance assessments and strategic and operational planning, in compliance with ASC 280,

Segment Reporting

. Consolidated net income was $66,833 and $44,632 for the three months ended June 30, 2026 and 2025, respectively, and $39,419 and $44,130 for the six months ended June 30, 2026 and 2025, respectively. Our CODM is regularly provided with expense categories for the Company’s single operating segment that are the same as the expense captions present in our condensed consolidated statements of operations. The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets.

- Definition

The entire disclosure for segment reporting.

+ References

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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Details of Certain Accounts - Summary of Prepaids and other current assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Prepaid Expense And Other Assets Current [Line Items]
Supplier deposits	$ 54,561	$ 43,485
Materials inventory	35,829	4,594
Non-trade receivables	1,084	3,473
Prepaid insurance	10,301	2,942
Rebates receivable	1,565	2,495
Other	6,891	3,898
Total prepaids and other current assets	$ 110,231	$ 60,887

Details of Certain Accounts - Summary of depreciation expense included in cost of revenue and selling, general and administrative expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Schedule of depreciation expense included in cost of revenue and selling, general and administrative expenses Net [Line Items]
Cost of revenue	$ 8,512	$ 6,128	$ 16,407	$ 10,395
Selling, general and administrative expenses	966	295	1,922	1,832
Total depreciation expense	$ 9,478	$ 6,423	$ 18,329	$ 12,227

Details of Certain Accounts - Summary of Accounts payable and accrued expenses (Detail) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Schedule of Accounts Payable And Accrued Liabilities [Line Items]
Vendor payables and accrued purchases	$ 523,157	$ 422,853
Accrued compensation and benefits	76,836	73,330
Restricted Unit Appreciation Plan liability	44,747	32,854
Indirect taxes payable	24,092	11,905
Accrued professional services	5,884	8,580
Accrued warranty	5,759	4,278
Deferred acquisition consideration	0	5,500
Accrued interest	0	2,918
Total accounts payable and accrued expenses	$ 680,475	$ 562,218

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 363,968	$ 394,876
Accounts receivable, net	392,766	269,044
Contract assets	181,525	156,744
Capitalized project development costs	3,349	17,734
Prepaid and other current assets	110,231	60,887
Total current assets	1,051,839	899,285
Property and equipment, net	122,255	106,383
Operating lease right-of-use assets	7,114	8,010
Goodwill	426,607	429,279
Intangible assets, net	333,909	362,390
Deferred tax assets	179,834	0
Other long-term assets	8,118	10,925
Total assets	2,129,676	1,816,272
LIABILITIES AND STOCKHOLDERS'/MEMBERS' EQUITY
Accounts payable and accrued expenses	680,475	562,218
Contract liabilities	258,245	308,619
Current portion of equipment financing	6,888	6,526
Current portion of lease liabilities	16,037	12,978
Current portion of long-term debt	0	2,498
Total current liabilities	961,645	892,839
Term debt, long term	0	391,988
Equipment financing, long-term	17,514	21,317
Lease liabilities, long-term	43,181	36,559
Tax receivable agreement	240,677	0
Other long-term liabilities	15,484	18,344
Total liabilities	1,278,501	1,361,047
Commitments and Contingencies—See Note 12
Member's equity:
Total member's equity	0	550,334
Stockholders' equity
Common stock		0
Additional paid-in capital	483,148	0
Retained earnings (accumulated deficit)	13,612	(98,139)
Total stockholders' equity to SOLV Energy, Inc.	496,781	(98,139)
Non-controlling interest	354,394	3,030
Total members'/stockholders' equity	851,175	455,225
Total liabilities and stockholders'/member's equity	2,129,676	$ 1,816,272
Common Class A [Member]
Stockholders' equity
Common stock	13
Common Class B [Member]
Stockholders' equity
Common stock	$ 8

Stockholders'/Members' Equity - Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net (Details) - USD ($) $ in Thousands	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2026	Jun. 30, 2025
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Abstract]
us-gaap:NetIncomeLoss	$ 36,970	$ 44,255	$ 13,612	$ 13,612	$ 43,541
Transfers from (to) non-controlling interests:
Increase in additional paid-in capital as a result of non-controlling interest adjustments, including the secondary offering	18,520			18,520
Decrease in additional paid-in capital as a result of the redemption of LLC interests in connection with the secondary offering	(1,208)			(1,208)
Total effect of changes in ownership interest on equity attributable to SOLV Energy, Inc.	$ 54,282			$ 30,924

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement [Line Items]
Revenue	$ 951,243	$ 535,952	$ 1,628,048	$ 943,799
Cost of revenue	811,630	422,891	1,369,362	771,639
Gross profit	139,613	113,061	258,686	172,160
Selling, general and administrative expenses	52,649	41,157	164,024	77,227
Amortization expense	17,281	13,768	32,160	27,536
Total operating expenses	69,930	54,925	196,184	104,763
Operating income	69,683	58,136	62,502	67,397
Loss on debt extinguishment	0	0	10,688	0
Interest expense	1,402	14,062	8,299	26,753
Interest income	(1,843)	(1,583)	(3,293)	(4,855)
Other (income) loss, net	(2,532)	(22)	(2,600)	60
Income before income taxes	72,656	45,679	49,408	45,439
Income tax expense	5,823	1,047	9,989	1,309
Net income	66,833	44,632	39,419	44,130
Less: net income attributable to non-controlling interests and LLC members prior to IPO	29,863	377	25,807	589
Net income attributable to SOLV Energy, Inc.	$ 36,970	$ 44,255	$ 13,612	$ 43,541
Net income per share:
Net income per share, Basic	$ 0.31
Net income per share, Diluted	$ 0.3
Weighted average shares outstanding, Basic	118,080,650
Weighted average shares outstanding, Diluted	201,682,563

Income Taxes and Tax Receivable Agreement

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes and Tax Receivable Agreement

(8)	Income Taxes and Tax Receivable Agreement

We are organized as a corporation for income tax purposes and are subject to federal, state and local taxes on our income, which is primarily sourced from our membership interest in Holdings held for any given reporting period. Holdings is a partnership for U.S. federal income tax purposes and, as a result, its members, including us, will pay income taxes with respect to their allocable shares of its taxable income.

Accounting for income taxes for interim periods generally requires the provision for income taxes to be determined by applying an estimate of the annual effective tax rate for the full fiscal year to income or loss before income taxes, excluding unusual or infrequently occurring discrete items, for the reporting period.

For the three and six months ended June 30, 2026, our effective tax rates were 8.0% and 20.2%, respectively. The differences between our estimated annual effective income tax rate and the U.S. federal statutory rate were primarily attributable to the exclusion of income and related taxes associated with noncontrolling interests, partially offset by the tax effects of stock-based compensation. These effective tax rates were higher than the tax rates for the three and six months ended June 30, 2025, primarily because, prior to the initial public offering, we were organized as a pass through entity for U.S. federal income tax purposes and generally did not pay income taxes in most jurisdictions.

On February 12, 2026, we recorded a net deferred tax asset of $101,302 primarily related to (i) the temporary difference between the book and tax basis of its investment in Holdings of $69,866 (ii) $19,423 of tax benefits from future deductions attributable to payments under the Tax Receivable Agreements, and (iii) $12,005 tax deductions for NOL carryovers as a result of the Blocker Companies merger.

The initial deferred tax asset was recorded as an adjustment to additional

paid-in

capital in the condensed consolidated balance sheets. Additionally, and concurrent with the Transactions, we recorded a liability pursuant to the TRA of $172,344 and a corresponding reduction to additional

paid-in

capital. The net impact to additional

paid-in

capital was a reduction of $71,042 and is presented within our condensed consolidated statements of stockholders’ equity.

In connection with the IPO and the Transactions, we entered into the TRA with the Continuing Equity Owners that provides for the payment by us to the Continuing Equity Owners of 85% of the benefits, that we realize, or are deemed to realize, as a result of our allocable share of existing tax basis acquired in the IPO and other tax benefits related to entering into the TRA.

Secondary Offering

On June 1, 2026, we completed a secondary offering that involved an exchange of LLC interests for an equal number of shares of Class A common stock. We recognized an additional liability for obligations under the TRA of $70,751 and a deferred tax asset of $75,250, the net effect of which was recorded as an adjustment to stockholders’ equity.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section S99
-Paragraph 1
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Publisher FASB
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Intangible Assets

6 Months Ended

Jun. 30, 2026

Goodwill and Other Intangible Assets [Line Items]

Intangible Assets

(6)	Intangible Assets

We determined the value of our intangible assets upon acquisition based on fair value assumptions determined at that time. We amortize intangible assets with finite useful lives over their respective estimated useful lives using the straight-line method. The following table summarizes our intangible assets:


	As of June 30, 2026
	Remaining Weighted Average Amortization Period in Years		Intangible Assets		Accumulated Amortization			Intangible Assets, Net
Trade Name		8.1	$	120,370	$	(48,611	)	$	71,759
Customer Relationships		5.0		345,800		(171,646	)		174,154
Patents/Know-How		10.5		126,000		(38,004	)		87,996

Total			$	592,170	$	(258,261	)	$	333,909


	As of December 31, 2025
	Intangible Assets		Accumulated Amortization			Intangible Assets, Net
Trade Name	$	120,670	$	(43,378	)	$	77,292
Customer Relationships		343,900		(152,376	)		191,524
Backlog		60,190		(58,813	)		1,377
Patents/Know-How		126,000		(33,803	)		92,197

Total	$	650,760	$	(288,370	)	$	362,390

Details of Certain Accounts

6 Months Ended

Jun. 30, 2026

Details of Certain Accounts [Line Items]

Details of Certain Accounts

(15)	Details of Certain Accounts

Capitalized Project Development Costs

A reconciliation of capitalized project development costs is as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Capitalized project development costs, at beginning of period	$	13,297		$	26,463		$	17,734		$	25,204
Costs (refunded) capitalized during the period		(564	)		1,514			(1,062	)		1,514
Costs expensed from sale of projects during the period		(9,058	)		(2,942	)		(9,058	)		(1,683	)
Impaired costs written off during the period		(326	)		(752	)		(4,265	)		(752	)

Capitalized project development costs, at end of period	$	3,349		$	24,283		$	3,349		$	24,283

Prepaids and Other Current Assets

Prepaids and other current assets consisted of the following:


	June 30, 2026		December 31, 2025
Supplier deposits	$	54,561	$	43,485
Materials inventory		35,829		4,594
Non-trade receivables		1,084		3,473
Prepaid insurance		10,301		2,942
Rebates receivable		1,565		2,495
Other		6,891		3,898

Total prepaids and other current assets	$	110,231	$	60,887

Property and Equipment

Property and equipment, net consisted of the following:


	June 30, 2026			December 31, 2025
Machinery and equipment	$	94,378		$	80,022
Vehicles		4,517			4,391
Vehicles under finance leases		72,116			56,724
Furniture and fixtures		2,848			2,845
Leasehold improvements		15,516			15,214
Computer equipment		5,679			5,305
Construction in progress		5,244			3,340
Buildings and land		477			467

Property and equipment, gross		200,775			168,308
Less: Accumulated depreciation		(78,520	)		(61,925	)

Property and equipment, net of accumulated depreciation	$	122,255		$	106,383

The following table summarizes depreciation expense included in “Cost of revenue” and “Selling, general and administrative expenses”:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of revenue	$	8,512	$	6,128	$	16,407	$	10,395
Selling, general and administrative expenses		966		295		1,922		1,832

Total depreciation expense	$	9,478	$	6,423	$	18,329	$	12,227

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:


	June 30, 2026		December 31, 2025
Vendor payables and accrued purchases	$	523,157	$	422,853
Accrued compensation and benefits		76,836		73,330
Restricted Unit Appreciation Plan liability		44,747		32,854
Indirect taxes payable		24,092		11,905
Accrued professional services		5,884		8,580
Accrued warranty		5,759		4,278
Deferred acquisition consideration		—		5,500
Accrued interest		—		2,918

Total accounts payable and accrued expenses	$	680,475	$	562,218

Other Long-Term Liabilities

Other long-term liabilities consisted of the following:


	June 30, 2026		December 31, 2025
Warranty reserves		8,119		6,300
Deferred tax liability		6,150		5,339
Deferred compensation liability		—		5,343
Deferred revenue		1,215		1,362

Total other long-term liabilities	$	15,484	$	18,344

Segment Information - Additional Information (Detail) $ in Thousands	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($)	Jun. 30, 2026 USD ($) Segment	Jun. 30, 2025 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments \| Segment				1
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description				In the first quarter of 2026, we had a segment change moving from two operating segments to one operating segment to align with how our chief operating decision maker (the “CODM”) manages the business. Our CODM is our Chief Executive Officer. As a result of this change, we now have one operating segment and one reportable segment.
Number of Operating Segments \| Segment				1
us-gaap:NetIncomeLoss \| $	$ 36,970	$ 44,255	$ 13,612	$ 13,612	$ 43,541
Operating Segments [Member]
Segment Reporting Information [Line Items]
us-gaap:NetIncomeLoss \| $	$ 66,833	$ 44,632		$ 39,419	$ 44,130

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Summary of Significant Accounting Policies -Additional Information (Detail)	6 Months Ended
	Jun. 30, 2026
Accounting Policies [Abstract]
Tax receivable agreement benefit sharing percentage	85.00%

Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2026

Disaggregation of Revenue [Line Items]

Revenue from Contracts with Customers

(4)	Revenue from Contracts with Customers

Revenue Overview

We apply the guidance in ASC 606,

Revenue from Contracts with Customers (Topic 606)

, when recognizing revenue associated with its contracts with customers. We generate revenue from the construction of new solar, battery storage, T&D or other projects pursuant to EPC contracts. We also generate revenue from maintaining, upgrading, or repowering existing solar, battery storage or T&D projects pursuant to O&M agreements.

We recognize revenue using the

percentage-of-completion

method (an input method), based on costs incurred to date compared to total estimated costs. Costs related to uninstalled materials are included in this calculation provided that control of those materials has transferred to the customer. This method is the most accurate measure of our contract performance because it directly measures the value of the goods and services transferred to the customer.

Estimated costs include our latest estimates using judgments with respect to labor hours and costs, materials, subcontractor costs, among other costs. Changes to total estimated costs or losses, if any, are recognized in the period in which they are determined to be assessed at the contract level.

For our O&M agreements, revenue is also generally recognized over time as the customer simultaneously receives and consumes the benefits of our performance as we perform the service. For our fixed price O&M agreements with specified service periods, revenue is generally recognized on a straight-line basis over such service period when our inputs are expended evenly and the customer receives and consumes the benefits of our performance throughout the contract term.

Revenues recognized by us from the sale of development projects are recognized at a point in time when control of the related project transfers to the customer in an amount that reflects the consideration we expect to be entitled to in exchange for the project.

The following table presents our revenue disaggregated by service type:


	Three Months Ended June 30,								Six Months Ended June 30,
	2026				2025				2026				2025
By service type:
New Construction	$	913,122	95.9	%	$	486,155	90.7	%	$	1,563,855	96.1	%	$	863,316	91.5	%
Existing infrastructure		27,970	2.9	%		36,401	6.8	%		52,934	3.3	%		62,909	6.7	%
Other		10,151	1.2	%		13,396	2.5	%		11,259	0.6	%		17,574	1.8	%

Total revenues	$	951,243	100.0	%	$	535,952	100.0	%	$	1,628,048	100.0	%	$	943,799	100.0	%

Variable Consideration

The nature of our contracts gives rise to variable consideration, including unexecuted change orders and liquidated damage penalties. Change orders are for goods and services that are not distinct from the existing contract due to the significant integration service provided in the context of the contract. We recognize revenue for variable consideration when it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is resolved. We estimate the amount of revenue to be recognized on variable consideration by using the expected value or the most likely amount method, whichever is expected to better predict the amount.

Estimates of variable consideration and the determination of whether to include estimated amounts in the transaction price are based on an assessment of the anticipated performance and all information (historical, current, and forecasted) that is reasonably available including, but not limited to, contractual entitlement and documented approval by

customers.

Change in Estimates

Due to uncertainties inherent in the estimation process and the significant judgments involved in determining variable consideration, our estimates of costs to complete performance obligations and transaction prices may change as new information becomes available.

Revenues were positively impacted by $24,320 and $27,278 during the three months ended June 30, 2026 and 2025, respectively, as a result of changes in estimates associated with performance obligations on contracts partially satisfied prior to March 31, 2026 and 2025, respectively. Revenues were positively impacted by $49,486 and $30,660 during the six months ended June 30, 2026 and 2025, respectively, as a result of changes in estimates associated with performance obligations on contracts partially satisfied prior to December 31, 2025 and 2024, respectively.

Practical Expedient

If we have a right to consideration from a customer in an amount that corresponds directly with the value of our performance completed to date, we recognize revenue in the amount to which it has a right to invoice for services performed.

Remaining Performance Obligations

As of June 30, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $3,546,244, which is related to our EPC service contracts. We anticipate recognizing revenue on substantially all the remaining performance obligations under these contracts over the next 12 to 18 months.

For our O&M agreements, we have elected to apply the optional exemption, which waives the requirement to disclose the remaining performance obligation for revenue recognized through the right to invoice practical expedient and contracts that have an original expected duration of one year or less.

Contract Assets and Liabilities

During the six months ended June 30, 2026 and 2025, we recognized revenue of $296,596 and $207,293 related to contract liabilities outstanding as of the beginning of each respective period.

Contract assets and liabilities consisted of the following:


	June 30, 2026		December 31, 2025
Contract assets	$	181,525	$	156,744

Contract liabilities, current	$	258,245	$	308,619
Contract liabilities, noncurrent (1)		1,215		1,363

Total contract liabilities	$	259,460	$	309,982

(1)	Noncurrent contract liabilities are presented within “Other long-term liabilities” on the Condensed Consolidated Balance Sheets.

Contract assets and liabilities fluctuate period to period based primarily on changes in the number and size of projects in progress at period end, variability in billing and payment terms, and the amounts of unapproved change orders and contract claims. The increase in contract assets for the six months ended June 30, 2026 was primarily attributable to the commencement of new projects in 2026, partially offset by completion of certain projects and the corresponding billings of amounts previously recorded in contract assets.

The decrease in contract liabilities for the six months ended June 30, 2026 is due primarily to the completion of certain projects and satisfaction of performance obligations related to contract amounts previously billed, partially offset by the commencement of new projects in 2026 and timing of billings in relation to costs incurred on certain projects.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
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+ Details

Insider Trading Arrangements	6 Months Ended
Insider Trading Arrangements	Jun. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 39,419	$ 44,130
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	50,489	39,763
Non-cash compensation expense	79,670	1,972
Loss on extinguishment of debt (non-cash portion)	6,676	0
Write off of project development costs	4,265	752
Tax receivable agreement liability adjustment	(2,428)	0
Other	(12)	547
Change in operating assets and liabilities	(132,040)	(36,328)
Net cash provided by operating activities	46,039	50,836
Cash flows from investing activities:
Purchases of property and equipment	(15,960)	(5,313)
Cash paid for acquisitions, net of cash acquired	0	(55,756)
Net cash used in investing activities	(15,960)	(61,069)
Cash flows from financing activities:
Issuance of Class A common stock, net of underwriting discount	844,249	0
Purchase of LLC Interests	(291,706)	0
Repayment of term debt	(405,203)	(2,031)
Payment of deferred acquisition consideration	(5,500)	0
Payment of offering costs	(5,917)	0
Proceeds on debt	0	32,500
Payment of debt issuance costs	(2,800)	0
Payments for finance leases	(6,261)	(4,226)
Proceeds on equipment financing	0	14,500
Payments on equipment financing	(3,441)	(3,267)
Distributions to members of SOLV Energy Holdings LLC	(184,408)	(71,809)
Net cash used in financing activities	(60,987)	(34,333)
Net decrease in cash and cash equivalents	(30,908)	(44,566)
Cash and cash equivalents, beginning of period	394,876	207,987
Cash and cash equivalents, end of period	363,968	163,421
Supplemental cash flow information
Interest paid	8,861	24,204
Income taxes paid	11,978	598
Supplemental disclosure of non-cash financing activities:
Deferred offering costs reclassified to additional paid-in capital	$ 11,052	$ 0

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2026	Dec. 31, 2025
Common Class A [Member]
Statement [Line Items]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,250,000,000	1,250,000,000
Common stock, shares, issued	123,745,401	123,745,401
Common stock, shares, outstanding	123,745,401	123,745,401
Common Class B [Member]
Statement [Line Items]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	78,646,225	78,646,225
Common stock, shares, outstanding	78,646,225	78,646,225

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Payment Award, Stock Options, Valuation Assumptions

The weighted-average assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2026 were as follows:


		Six Months Ending June 30, 2026
Fair value of stock option		$11.71 - $13.20
Risk-free interest rate		3.73% - 4.02%
Expected life (years) (1)		6.0
Expected dividend yield		—
Volatility		39% - 43%

(1)	Expected life (years): The expected life was estimated using the simplified method due to a lack of historical exercise activity. The simplified method calculates the expected life as the mid-point between the vesting date and the contractual expiration date of the award.

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2026

Goodwill and Other Intangible Assets [Line Items]

Summary of the intangible assets

The following table summarizes our intangible assets:


	As of June 30, 2026
	Remaining Weighted Average Amortization Period in Years		Intangible Assets		Accumulated Amortization			Intangible Assets, Net
Trade Name		8.1	$	120,370	$	(48,611	)	$	71,759
Customer Relationships		5.0		345,800		(171,646	)		174,154
Patents/Know-How		10.5		126,000		(38,004	)		87,996

Total			$	592,170	$	(258,261	)	$	333,909


	As of December 31, 2025
	Intangible Assets		Accumulated Amortization			Intangible Assets, Net
Trade Name	$	120,670	$	(43,378	)	$	77,292
Customer Relationships		343,900		(152,376	)		191,524
Backlog		60,190		(58,813	)		1,377
Patents/Know-How		126,000		(33,803	)		92,197

Total	$	650,760	$	(288,370	)	$	362,390

Earnings Per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Earnings Per Share

(11)	Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to us by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share is computed by adjusting the net income available to us and the weighted average shares outstanding to give effect to potentially dilutive securities. Shares of Class B common stock are noneconomic and are not entitled to receive any distributions or dividends and are therefore excluded from this presentation since they are not participating securities.

Our current capital structure is not reflective of the capital structure of Holdings prior to the IPO and the Transactions. Prior to the IPO, Holdings membership structure included Class A Units and Restricted Class C Units. We analyzed the calculation of earnings per unit for the periods prior to the IPO and determined that it resulted in values that would not be meaningful to the users of these condensed consolidated financial statements. Therefore, earnings per share has not been presented for the period of the year prior to the IPO or for the three and six months ended June 30, 2025.

Basic and diluted earnings per share of common stock for the three and six months ended June 30, 2026 have been computed as follows


	Three Months Ended June 30, 2026			Period from February 12, 2026 to June 30, 2026
Basic net income per share:
Numerator :
Net income	$	66,833		$	39,419
Less: Net income attributable to non-controlling interests and LLC members prior to IPO		29,863			25,807

Net income attributable to SOLV Energy, Inc., basic and diluted	$	36,970		$	13,612

Denominator :
Weighted average shares of common stock outstanding, basic		118,080,650			117,137,198

Net income per share, basic	$	0.31		$	0.12

Diluted net income per share:
Numerator:
Net income attributable to SOLV Energy, Inc., basic and diluted	$	36,970		$	13,612
Add: Net income attributable to non-controlling interests from assumed exchange of LLC Interests		29,863			—
Less: Income tax expense on net income attributable to non- controlling interest at 22.5%		(6,719	)		—

Net income attributable to SOLV Energy, Inc., diluted	$	60,114		$	13,612

Denominator:
Weighted average shares of common stock outstanding, basic		118,080,650			117,137,198
Effect of dilutive securities:
Vested LLC Interests a ttributable to Continuing Equity Owners		78,400,204			—
Unvested LLC Interests a ttributable to Management Holdings		5,088,760			5,021,202
Restricted Stock Awards		82,874			69,307
Stock Options		30,075			19,689
Weighted averages shares of common stock outstanding, diluted		201,682,563			122,247,396

Net income per share, diluted	$	0.30		$	0.11

The calculation of diluted net income per share for the three and six months ended June 30, 2026 excludes the restricted stock units granted under the 2026 Plan because their inclusion in the calculation would be anti-dilutive.

The following securities were excluded from the computation of diluted net income per share for the period presented because their effect on net income per share would have been anti-dilutive:


	Three Months Ended June 30, 2026		Period from February 12, 2026 to June 30, 2026
Vested LLC Interests a ttributable to Continuing Equity Owners		—		72,718,537
Restricted Stock Units		45,814		45,814

Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Debt [Line Items]

Summary of Debt Obligations

Debt obligations consisted of the following:


	June 30, 2026		December 31, 2025
Long-term debt	$	—	$	397,128
Less: unamortized issuance costs		—		(5,140	)

Long-term debt, net	$	—	$	391,988

Current portion of long-term debt	$	—	$	4,063
Less: unamortized issuance costs		—		(1,565	)

Current portion of long-term debt, net	$	—	$	2,498

Condensed Consolidated Statements of Stockholders'/Member's Equity - USD ($) $ in Thousands	Total	Class B Common Stock	Non- Controlling Interests [Member]	Retained Earnings (Accumulated Deficit [Member]	Common Stock [Member] Class A Common Stock	Common Stock [Member] Class B Common Stock	Additional Paid-in Capital [Member]	Stockholders' Equity	SOLV Energy Holdings LLC [Member]	SOLV Energy Holdings LLC [Member] Non- Controlling Interests [Member]	SOLV Energy Holdings LLC [Member] Retained Earnings (Accumulated Deficit [Member]	SOLV Energy Holdings LLC [Member] Member's Equity [Member]
Beginning balance at Dec. 31, 2024									$ 393,447	$ 2,510	$ (247,322)	$ 638,259
Statement [Line Items]
Non-cash compensation expense									770			770
Distributions									(47,844)			(47,844)
Net income									(502)	212	(714)
Ending balance at Mar. 31, 2025									345,871	2,722	(248,036)	591,185
Beginning balance at Dec. 31, 2024									393,447	2,510	(247,322)	638,259
Statement [Line Items]
Net income	$ 44,130
Ending balance at Jun. 30, 2025									368,554	3,099	(203,781)	569,236
Beginning balance at Mar. 31, 2025									345,871	2,722	(248,036)	591,185
Statement [Line Items]
Non-cash compensation expense									763			763
Distributions									(22,712)			(22,712)
Net income	44,632								44,632	377	44,255
Ending balance at Jun. 30, 2025									$ 368,554	3,099	(203,781)	569,236
Beginning balance at Dec. 31, 2025	550,334									3,030	(98,139)	550,334
Beginning balance at Dec. 31, 2025	455,225
Statement [Line Items]
Non-cash compensation expense	606											606
Distributions	(142,320)									(2,145)		(140,175)
Net income prior to the transactions and IPO	13,588									0	13,588
Impact of the Transactions	0		$ 141,255		$ 9	$ 9	$ 185,826	$ 185,844		(885)	84,551	(410,765)
Impact of the Transactions, shares					91,773,571	87,141,865
Issuance of Class A Common Stock, net of issuance costs	541,036		232,807		$ 3		308,226	308,229
Issuance of Class A Common Stock, net of issuance costs, shares					23,575,000
Establishment of deferred tax asset from IPO and Transactions	(71,042)						(71,042)	(71,042)
Non-cash compensation expense subsequent to the Transactions and IPO	57,658		24,811				32,847	32,847
Net loss subsequent to the Transactions and IPO	(41,002)		(17,644)	$ (23,358)				(23,358)
Distributions subsequent to the transactions and IPO	(2,525)		(2,525)
Forfeiture of Class B common stock and LLC Units						(13,728)
Ending balance at Mar. 31, 2026										0	0	0
Ending balance at Mar. 31, 2026	811,224		378,704	(23,358)	$ 12	$ 9	455,857	432,520
Beginning balance at Dec. 31, 2025	550,334									3,030	(98,139)	550,334
Beginning balance at Dec. 31, 2025	455,225
Statement [Line Items]
Establishment of deferred tax asset from IPO and Transactions	(71,042)
Net income	39,419
Ending balance at Jun. 30, 2026	0									0	0	0
Ending balance at Jun. 30, 2026	851,175		354,394	13,612	$ 13	$ 8	483,148	496,781
Statement [Line Items]
Ending balance, shares					115,348,571	87,128,137
Beginning balance at Mar. 31, 2026										0	0	0
Beginning balance at Mar. 31, 2026	811,224		378,704	(23,358)	$ 12	$ 9	455,857	432,520
Statement [Line Items]
Non-cash compensation expense	9,390		3,910				5,480	5,480
Distributions	(39,563)		(39,563)
Issuance of Class A Common Stock, net of issuance costs	290,498				$ 1		290,497	290,498
Issuance of Class A Common Stock, net of issuance costs, shares					8,396,830,000
Forfeiture of Class B common stock and LLC Units						(85,082)
Net income	66,833		29,863	36,970				36,970
Redemption of LLC Interests and cancellation of Class B common stock	(291,706)	$ (1)					(291,705)	(291,706)
Redemption of LLC Interests and cancellation of Class B common stock, shares						(8,396,830)
Non-controlling interest adjustment			(18,520)				18,520	18,520
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis	4,499						4,499	4,499
Ending balance at Jun. 30, 2026	0									$ 0	$ 0	$ 0
Ending balance at Jun. 30, 2026	$ 851,175		$ 354,394	$ 13,612	$ 13	$ 8	$ 483,148	$ 496,781
Statement [Line Items]
Ending balance, shares					123,745,401	78,646,225

Basis of Presentation - Additional Information (Detail)	6 Months Ended
Basis of Presentation - Additional Information (Detail)	Jun. 30, 2026
SOLV Energy Holdings LLC [Member]
Basis of Presentation [Line Items]
Ownership interest	38.90%

Details of Certain Accounts - Summary of Other long-term liabilities consisted (Detail) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Schedule of Other Non current Liabilities [Line Items]
Warranty reserves	$ 8,119	$ 6,300
Deferred tax liability	6,150	5,339
Deferred compensation liability	0	5,343
Deferred revenue	1,215	1,362
Total other long-term liabilities	$ 15,484	$ 18,344

Business Combinations

6 Months Ended

Jun. 30, 2026

Business Combination [Line Items]

Business Combinations

(14)	Business Combinations

SDI Acquisition

On January 8, 2025, we acquired 100% of the ownership interests in SDI, a solar predrill and pile foundation installation contractor based in Sacramento, California. The aggregate consideration for the acquisition was approximately $16,941, of which approximately $11,154 was paid in cash at closing and $5,500 is deferred and payable on the

one-year

anniversary of the acquisition. On January 8, 2026, we settled the remaining $5,500 deferred acquisition payment obligation.

Our condensed consolidated financial statements include SDI’s revenue and net income which were immaterial for the three and six months ended June 30, 2026 and 2025. Pro forma financial information has not been presented for the SDI acquisition as the impact to our condensed consolidated financial statements was not material.

Spartan Acquisition

On June 13, 2025, we acquired 100% of the equity interests of Spartan for an approximate acquisition purchase price of $67,006, which was paid in cash at closing. Spartan specializes in providing services related to infrastructure development and investment, specifically Spartan self-performs electrical transmission construction services and provides procurement and subcontracting engineering services.

We recorded provisional amounts for certain acquired assets and liabilities as the valuations were not complete as of the acquisition date. During the three months ended June 30, 2026, we finalized the allocation of the purchase consideration to the acquired assets and liabilities and recorded adjustments of $3,600 to intangible assets and $1,142 to deferred taxes, with the corresponding $2,458 adjustment recorded to goodwill.

Our condensed consolidated financial statements include Spartan’s revenue and net income which were immaterial for the three and six months ended June 30, 2026 and 2025. Pro forma financial information has not been presented for the Spartan acquisition as the impact to our condensed consolidated financial statements was not material.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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