Centuri Holdings, Inc.
For the period ended Dec 28, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
CTRI$22.560.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Centuri Holdings, Inc. Consolidated Balance Sheets
Consolidated Balance Sheets
(In thousands, except share information)
| December 28,2025 | December 29,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $126,630 | $49,019 |
| Accounts receivable, net | 302,813 | 271,793 |
| Accounts receivable, related party - former parent, net | 11,852 | 9,648 |
| Contract assets | 394,469 | 235,546 |
| Contract assets, related party - former parent | 657 | 2,623 |
| Prepaid expenses and other current assets | 44,954 | 32,755 |
| Total current assets | 881,375 | 601,384 |
| Property and equipment, net | 466,842 | 511,314 |
| Intangible assets, net | 343,243 | 340,901 |
| Goodwill, net | 395,671 | 368,302 |
| Right-of-use assets under finance leases | 24,446 | 33,790 |
| Right-of-use assets under operating leases | 176,449 | 104,139 |
| Other assets | 119,680 | 114,560 |
| Total assets | $2,407,706 | $2,074,390 |
| LIABILITIES, TEMPORARY EQUITY AND EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | $29,543 | $30,018 |
| Current portion of finance lease liabilities | 7,459 | 9,331 |
| Current portion of operating lease liabilities | 30,345 | 18,695 |
| Accounts payable | 193,572 | 125,726 |
| Accrued expenses and other current liabilities | 184,964 | 173,584 |
| Contract liabilities | 50,510 | 24,975 |
| Total current liabilities | 496,393 | 382,329 |
| Long-term debt, net of current portion | 616,871 | 730,330 |
| Line of credit | 91,201 | 113,533 |
| Finance lease liabilities, net of current portion | 9,150 | 15,009 |
| Operating lease liabilities, net of current portion | 153,540 | 91,739 |
| Deferred income taxes | 78,365 | 115,114 |
| Other long-term liabilities | 83,793 | 66,115 |
| Total liabilities | 1,529,313 | 1,514,169 |
| Commitments and contingencies (Note 18) | ||
| Temporary equity: | ||
| Redeemable noncontrolling interests | 5,424 | 4,669 |
| Equity: | ||
| Common stock, $0.01 par value, 850,000,000 shares authorized, 100,724,862 and 88,517,521 shares issued and outstanding at December 28, 2025 and December 29, 2024, respectively. | 1,007 | 885 |
| Additional paid-in capital | 1,007,746 | 718,598 |
| Accumulated other comprehensive loss | (7,373) | (13,209) |
| Accumulated deficit | (128,411) | (150,722) |
| Total equity | 872,969 | 555,552 |
| Total liabilities, temporary equity and equity | $2,407,706 | $2,074,390 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.