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Legence Corp.

corporate_fare Company Profile

Legence Corp.

LGN·NASDAQ·Real Estate & Construction·CIK 0002052568

Our Company provides engineering, installation, and maintenance services for essential building systems. We offer integrated solutions for mechanical, electrical, and plumbing (MEP) systems, aiming to reduce client costs, change orders, and project times. Our focus is on high-growth sectors with technically complex buildings, including technology, life sciences, healthcare, and education. These sectors, such as data centers, manufacturers, pharmaceutical companies, hospitals, schools, and universities, are investing in new and existing facilities to meet demand, lower energy costs, and improve resilience. In 2025, over half of our revenues came from clients in the data center, technology, life sciences, and healthcare end-markets. As of December 31, 2025, our backlog and awarded contracts totaled $3.7 billion, a 49% increase from the prior year. We specialize in designing, fabricating, and installing complex heating, ventilation, and air conditioning (HVAC), process piping, and other MEP systems for new facilities. We also upgrade HVAC, lighting, and building controls in existing facilities to enhance performance, reliability, and efficiency. In 2025, approximately 40% of our revenues were from new building projects, and 60% were from retrofits, upgrades, and maintenance for existing buildings. Our team includes approximately 1,200 MEP engineers and energy consultants, and approximately 6,200 HVAC and plumbing service technicians, fitters, electricians, and sheet metal workers. We serve large technology and industrial companies and public sector institutions directly, and also work as subcontractors for architects and general contractors. We served approximately 20,000 clients from 2019 through 2025. In 2025, less than 2% of our revenues were generated from the federal government.

Legence Corp. (NASDAQ:LGN) is a publicly traded company in the Real Estate & Construction sector. Wiseek has independently scored 23 items for LGN at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-13, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 10/10, with 16 rated 8 or above. Recent SEC coverage for LGN spans 10-Q, 8-K, DEF 14A, 4.

Recent high-impact activity:

  • Legence Q2 Revenue Doubles to $1.26B, But Impairments and Control Weaknesses Weigh
  • Legence Q2 Revenue Doubles to $1.26B; Raises Full-Year Guidance
  • Legence Doubles Q2 Revenue on Bowers Deal, Lifts 2026 Outlook
  • Stockholders Approve Employee Stock Purchase Plan Authorizing 1.58M Shares
  • Legence Secures Lower Loan Costs After S&P Credit Upgrade

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$2.55B
Net Income
-$59.78M
Op. Cash Flow
$256.87M
Free Cash Flow
$218.93M
Gross Profit
$535.92M
Operating Income
$61.58M
Cash & Equivalents
$230.17M
Debt / Equity
0.00×
Net Margin
-2.3%
Source: 10-K · filed 2026-03-30 · accession 0002052568-26-000008

Short Interest & Short Volume

4.16 days to cover

FINRA reported short interest of 3,400,660 shares in LGN as of the September 15, 2026 settlement, a 5.4% increase from the prior period — about 4.2 days to cover at its recent average daily volume. On October 2, 2026, 36.5% of LGN volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)3,400,660 shares as of September 15, 2026
Change vs prior period▲ 5.4%
Days to cover4.16 at avg daily volume of 816,830
Daily short volume (FINRA facilities)36.5% of 437,322 shares on October 2, 2026
5-day average short volume42.8%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for LGN, detected from its recent SEC filings · based on capital-structure filings through 2026-04-08.

1 recent capital raise

Secondary Offering Priced · No Proceeds to Company

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$53.61
52-week range · as of 2026-08-13 $26.96 – $107.24
Market cap
$5.79B
Volume
1.2M (1.3× avg)
3-mo avg 905.2K
Live data · 2026-10-05 04:24 UTC · Market overnight

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feed LGN - Latest Insights

LGN
Aug 13, 2026, 4:34 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $63.70
Real-time Price: $53.61 info
Change: -$10.09 (-16%) info
Market Cap: $5.794B info
LGN
Aug 13, 2026, 7:23 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $73.00
Real-time Price: $53.61 info
Change: -$19.39 (-27%) info
Market Cap: $5.794B info
LGN
Aug 13, 2026, 7:15 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $73.00
Real-time Price: $53.61 info
Change: -$19.39 (-27%) info
Market Cap: $5.794B info
LGN
Jun 11, 2026, 4:37 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $85.12
Real-time Price: $53.61 info
Change: -$31.51 (-37%) info
Market Cap: $5.794B info
LGN
Jun 08, 2026, 8:00 AM EDT
Source: GlobeNewswire
Importance Score:
7
Price at Filing: $83.69
Real-time Price: $53.61 info
Change: -$30.08 (-36%) info
Market Cap: $5.794B info
LGN
May 14, 2026, 4:27 PM EDT
Source: Wiseek News
Importance Score:
10
Price at Filing: $89.00
Real-time Price: $53.61 info
Change: -$35.39 (-40%) info
Market Cap: $5.794B info
LGN
May 14, 2026, 4:18 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $87.58
Real-time Price: $53.61 info
Change: -$33.97 (-39%) info
Market Cap: $5.794B info
LGN
May 14, 2026, 7:26 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $107.03
Real-time Price: $53.61 info
Change: -$53.42 (-50%) info
Market Cap: $5.794B info
LGN
May 14, 2026, 7:13 AM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $109.00
Real-time Price: $53.61 info
Change: -$55.39 (-51%) info
Market Cap: $5.794B info
LGN
Apr 29, 2026, 7:30 AM EDT
Filing Type: DEF 14A
Importance Score:
7
Price at Filing: $80.80
Real-time Price: $53.61 info
Change: -$27.19 (-34%) info
Market Cap: $5.794B info
LGN
Apr 09, 2026, 5:20 PM EDT
Filing Type: 4
Importance Score:
8
Price at Filing: $59.75
Real-time Price: $53.61 info
Change: -$6.14 (-10%) info
Market Cap: $5.794B info
LGN
Apr 09, 2026, 5:08 PM EDT
Filing Type: 4
Importance Score:
8
Price at Filing: $59.75
Real-time Price: $53.61 info
Change: -$6.14 (-10%) info
Market Cap: $5.794B info
LGN
Apr 09, 2026, 4:35 PM EDT
Source: GlobeNewswire
Importance Score:
7
Price at Filing: $59.75
Real-time Price: $53.61 info
Change: -$6.14 (-10%) info
Market Cap: $5.794B info
LGN
Apr 08, 2026, 4:15 PM EDT
Filing Type: 424B4
Importance Score:
8
Price at Filing: $57.51
Real-time Price: $53.61 info
Change: -$3.90 (-7%) info
Market Cap: $5.794B info
LGN
Apr 07, 2026, 9:25 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $56.00
Real-time Price: $53.61 info
Change: -$2.39 (-4%) info
Market Cap: $5.794B info
LGN
Apr 07, 2026, 9:12 PM EDT
Filing Type: S-1MEF
Importance Score:
8
Price at Filing: $56.00
Real-time Price: $53.61 info
Change: -$2.39 (-4%) info
Market Cap: $5.794B info
LGN
Apr 06, 2026, 7:14 AM EDT
Filing Type: S-1
Importance Score:
8
Price at Filing: $59.00
Real-time Price: $53.61 info
Change: -$5.39 (-9%) info
Market Cap: $5.794B info
LGN
Mar 27, 2026, 7:20 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $58.00
Real-time Price: $53.61 info
Change: -$4.39 (-8%) info
Market Cap: $5.794B info
LGN
Mar 27, 2026, 7:00 AM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $56.79
Real-time Price: $53.61 info
Change: -$3.18 (-6%) info
Market Cap: $5.794B info
LGN
Mar 18, 2026, 9:25 PM EDT
Filing Type: 8-K/A
Importance Score:
8
Price at Filing: $51.53
Real-time Price: $53.61 info
Change: +$2.08 (+4%) info
Market Cap: $5.794B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets