Legence Corp. is a leading provider of engineering, installation, and maintenance services for mission-critical systems in buildings, focusing on high-growth sectors like technology, life sciences, healthcare, and education. Consolidated revenue for 2025 increased by 21.5% to $2,550.5 million compared to 2024. The company reported a net loss of $(77.3) million in 2025, a significant increase from $(27.6) million in 2024. Gross profit for 2025 was $535.9 million, up 24.4% from $430.8 million in 2024. Adjusted EBITDA increased by 30.1% to $298.8 million in 2025 from $229.6 million in 2024. Backlog and awarded contracts as of December 31, 2025, reached $3.7 billion, representing a 49% increase over the prior year. Over half of 2025 revenues were generated from high-growth industries (data center & technology, life sciences & healthcare). Approximately 40% of 2025 revenues came from new building projects, and 60% from retrofits, upgrades, and maintenance for existing buildings. Goodwill impairment of $25.0 million and long-lived asset impairment of $2.4 million were recognized in 2025. Material weaknesses in internal control over financial reporting were identified and remained unremediated as of December 31, 2025.