All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2021; the latest 2026-09-25.
From the record
Southland Holdings, Inc.'s filings since 2021 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2026-09-25); an auditor change (8-K item 4.01, the latest 2023-03-22) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-11.9% a year over 5 filed years; profitable in 2 of 5.
From the record
Southland Holdings, Inc.'s 5 filed years say what it did: revenue went from $1.3 billion in fiscal 2021 to $772 million in fiscal 2025, down 11.9% a year; it rose in 0 of 4 years; the deepest fall was 40% from fiscal 2021 to fiscal 2025; net income was positive in 2 of 5 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 7.1% a year. 0% of cash flow returned. Insiders: 0 sales, 1 purchases.
From the record
Over the 2 fiscal years to 2025-12-31, Southland Holdings, Inc.'s diluted share count grew about 7.1% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $43 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
Leverage 114%: owes 114¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Southland Holdings, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned less than nothing, about minus 16 cents per dollar of everything the company owns. Leverage: it owed about 114 cents per dollar of assets, and net share issuance: its share count grew 12.4% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 11% of 11 in its family; net margin -39.7%.
From the record
Southland Holdings, Inc.'s standing among 11 graded names in its industry family: revenue of $772 million in fiscal 2025 ranks in the bottom 25% by size; a net margin of -39.7% ranks in the bottom 5%; revenue growth of -12.7% a year over the last 3 filed years ranks in the bottom 5% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 3.2/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Southland Holdings, Inc.'s leadership is put at 3.2 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 32% of 11 in its family; the record of its people begins on 2023-02-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 30% of 10 in its family for room to expand.
From the record
Southland Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $67 million against debt of $258 million leaves -19.2% of its assets as net cash, bottom 45% of its family; cash from operations less capital spending is 1.6% of revenue (bottom 41%); a gross margin of -20.1% (bottom 6%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 30% of 11 in its family for growth drivers.
From the record
Southland Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -12.7% a year over the last three filed years against -11.9% over all 5, slowing (bottom 41% of its family); the newest year grew -21.2% (bottom 5%); capital spending grew -6.9% a year (bottom 45%) (its annual reports). Southland Holdings, Inc. reported 2 lines of business in fiscal 2025: Transportation at $430 million (56%), Civil at $342 million (44%); 1 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 5% of 10 in its family for expectations against reality.
From the record
Southland Holdings, Inc.'s newest year against its own record: revenue of $772 million in fiscal 2025 came in 14.3% below the $901 million its prior three years' pace pointed to (bottom 5% of its family); net income of $307 million against a prior three-year average of $21 million (bottom 5%); a net margin of -39.7% against -2.4% before (bottom 5%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made