Southland Holdings Inc. reported its financial results for the first quarter of 2025, showing a decline in revenue and increased net loss compared to the same period in 2024. Revenue for the quarter ended March 31, 2025, was $239.5 million, down from $288.1 million the previous year. The net loss attributable to stockholders was $4.6 million for the quarter, compared to a net loss of $0.4 million in the first quarter of 2024. This resulted in a net loss per share of $(0.08), a notable increase from the $(0.01) per share reported in the prior year. Despite the overall decline in revenue and increased net loss, Southland reported a gross profit margin improvement to 9.0% from 7.1% in the same quarter of 2024. The company also noted an EBITDA of $10.1 million, slightly down from $10.9 million in the previous year. Additionally, Southland highlighted a significant backlog of $2.47 billion, indicating strong demand and a robust pipeline of critical infrastructure opportunities. Frank Renda, Southland's President & Chief Executive Officer, expressed confidence in the company's ability to drive long-term value, citing improved margins and positive operating cash flow in the quarter.