{
  "url": "https://struct.news/briefs/legence-grew-revenue-22-but-a-non-cash-impairment-sat-beside-an-operating-loss",
  "title": "Legence grew revenue 22%, but a non-cash impairment sat beside an operating loss",
  "summary": "Stock compensation, a non-cash expense, jumped to $96.5 million as six-month operating income fell to a $6.6 million loss.",
  "published_at": "2026-08-13T20:42:35.515923+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Legence Corp.",
    "ticker": "LGN",
    "cik": "2052568",
    "sector": "Industrials",
    "industry": "Engineering & Construction"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-13",
    "accession": "0002052568-26-000026",
    "url": "https://www.sec.gov/Archives/edgar/data/2052568/000205256826000026/lgn-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2026-05-14",
    "url": "https://www.sec.gov/Archives/edgar/data/2052568/000205256826000017/lgn-20260331.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 2550491000,
      "display": "$2.6B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0002052568-26-000026",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 21.532858541066858,
      "display": "+21.5%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0002052568-26-000026",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 2.4145154795684443,
      "display": "+2.4%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0002052568-26-000026",
        "filing_date": "2026-08-13"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Lower customer demand for sustainability services reduced new contracts and affected revenue, margins, and cash-flow projections.",
      "importance": "medium",
      "evidence": "The impairment was primarily driven by a decline in new contracts during the three months ended June 30, 2026, due to lower customer demand for sustainability services",
      "source_date": "2026-08-13"
    }
  ],
  "related_tickers": [
    "LGN"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}