v3.26.1
Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Total Legence Stockholders' Equity
Member's Equity
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non- controlling Interests
Beginning balance at Dec. 31, 2024 $ 203,592     $ 202,680 $ 443,738       $ (250,169) $ 9,111 $ 912
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Reclassification of vested Legence Parent Series A Interests from liabilities 33     33 33            
Other comprehensive income (loss) (6,214)     (6,214)           (6,214)  
Net (loss) income (19,139)     (21,213)         (21,213)   2,074
Ending balance at Mar. 31, 2025 178,272     175,286 443,771       (271,382) 2,897 2,986
Beginning balance at Dec. 31, 2024 203,592     202,680 443,738       (250,169) 9,111 912
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Other comprehensive income (loss) (8,271)                    
Net (loss) income (23,008)                    
Ending balance at Jun. 30, 2025 172,574     168,187 443,999       (276,652) 840 4,387
Beginning balance at Mar. 31, 2025 178,272     175,286 443,771       (271,382) 2,897 2,986
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Reclassification of vested Legence Parent Series A Interests from liabilities 228     228 228            
Other comprehensive income (loss) (2,057)     (2,057)           (2,057)  
Net (loss) income (3,869)     (5,270)         (5,270)   1,401
Ending balance at Jun. 30, 2025 172,574     168,187 $ 443,999       (276,652) 840 4,387
Beginning balance (in shares) at Dec. 31, 2025   63,856,975 41,479,954     63,856,975 41,479,954        
Beginning balance at Dec. 31, 2025 788,795     392,197   $ 638 $ 415 $ 701,791 (309,949) (698) 396,598
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Tax receivable agreement liability and deferred taxes arising from exchanges of Class B Common Stock (5,112)     (5,112)       (5,112)      
Stock-based compensation for RSUs and stock options 4,025     4,025       4,025      
Issuance of Class A Common Stock for acquisitions (in shares)           2,701,003          
Issuance of Class A Common Stock for acquisitions 106,437     106,437   $ 27   106,410      
Noncontrolling interest adjustment for changes in proportionate ownership in Legence Holdings LLC and issuances of Class A Common Stock 0     (23,700)       (23,681)   (19) 23,700
Exchange of Class B Common Stock to Class A Common Stock (in shares)           780,121 780,121        
Exchange of Class B Common Stock to Class A Common Stock 0         $ 8 $ (8)        
Contribution from Legence Parent for Series A Interests and Restricted Series C Interests 22,825                   22,825
Contribution from Legence Parent II for Series A Interests 13,565     13,565       13,565      
Other comprehensive income (loss) 3,110     1,938           1,938 1,172
Net (loss) income 17,394     16,094         16,094   1,300
Ending balance (in shares) at Mar. 31, 2026           67,338,099 40,699,833        
Ending balance at Mar. 31, 2026 951,039     505,444   $ 673 $ 407 796,998 (293,855) 1,221 445,595
Beginning balance (in shares) at Dec. 31, 2025   63,856,975 41,479,954     63,856,975 41,479,954        
Beginning balance at Dec. 31, 2025 788,795     392,197   $ 638 $ 415 701,791 (309,949) (698) 396,598
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Other comprehensive income (loss) 6,866                    
Net (loss) income (17,170)                    
Ending balance (in shares) at Jun. 30, 2026   76,881,291 31,171,134     76,881,291 31,171,134        
Ending balance at Jun. 30, 2026 977,540     600,463   $ 768 $ 312 917,012 (321,696) 4,067 377,077
Beginning balance (in shares) at Mar. 31, 2026           67,338,099 40,699,833        
Beginning balance at Mar. 31, 2026 951,039     505,444   $ 673 $ 407 796,998 (293,855) 1,221 445,595
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Tax receivable agreement liability and deferred taxes arising from exchanges of Class B Common Stock (16,437)     (16,437)       (16,437)      
Stock-based compensation for RSUs and stock options 6,148     6,148       6,148      
Issuance of Class A Common Stock under stock-based compensation plans (in shares)           14,493          
Noncontrolling interest adjustment for changes in proportionate ownership in Legence Holdings LLC and issuances of Class A Common Stock 0     105,830       105,636   194 (105,830)
Exchange of Class B Common Stock to Class A Common Stock (in shares)           9,528,699 (9,528,699)        
Exchange of Class B Common Stock to Class A Common Stock 0         $ 95 $ (95)        
Contribution from Legence Parent for Series A Interests and Restricted Series C Interests 42,931                   42,931
Contribution from Legence Parent II for Series A Interests 24,667     24,667       24,667      
Other comprehensive income (loss) 3,756     2,652           2,652 1,104
Net (loss) income (34,564)     (27,841)         (27,841)   (6,723)
Ending balance (in shares) at Jun. 30, 2026   76,881,291 31,171,134     76,881,291 31,171,134        
Ending balance at Jun. 30, 2026 $ 977,540     $ 600,463   $ 768 $ 312 $ 917,012 $ (321,696) $ 4,067 $ 377,077