What is Legato Merger Corp. II's operating income?

Legato Merger Corp. II's total operating income in 2025 was -$216.88 million, based on the following breakdown: Total Gross Profit: -$155.26 million Total Operating Expenses: $61.62 million

Legato Merger Corp. II (LGTOW) Financials

$0.01 +0.00 (+15.04%)

As of 10/28/2026

Annual Income Statements for Legato Merger Corp. II

This table shows Legato Merger Corp. II's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	39	61	-19	-105	-307
Consolidated Net Income / (Loss)	42	63	-19	-106	-308
Net Income / (Loss) Continuing Operations	42	63	-19	-106	-308
Total Pre-Tax Income	52	76	-27	-152	-252
Total Operating Income	56	83	-31	-126	-217
Total Gross Profit	114	141	36	-63	-155
Total Revenue	1,279	1,161	1,160	980	772
Operating Revenue	1,279	1,161	1,160	980	772
Total Cost of Revenue	1,165	1,020	1,125	1,043	927
Operating Cost of Revenue	1,165	1,020	1,125	1,043	927
Total Operating Expenses	58	58	67	63	62
Selling, General & Admin Expense	58	58	67	63	62
Total Other Income / (Expense), net	-3.58	-6.76	4.14	-26	-35
Interest Expense	7.26	8.89	19	30	37
Interest & Investment Income	0.90	-0.08	0.03	-0.23	0.29
Other Income / (Expense), net	2.78	2.20	24	3.63	1.74
Income Tax Expense	11	13	-8.53	-47	56
Net Income / (Loss) Attributable to Noncontrolling Interest	2.81	2.11	0.54	-0.16	-1.82
Basic Earnings per Share	$0.00	$0.00	($0.41)	($2.19)	($5.67)
Weighted Average Basic Shares Outstanding	0.00	0.00	47.09M	48.07M	54.05M
Diluted Earnings per Share	$0.00	$0.00	($0.41)	($2.19)	($5.67)
Weighted Average Diluted Shares Outstanding	0.00	0.00	47.09M	48.07M	54.05M
Weighted Average Basic & Diluted Shares Outstanding	-	7.14M	47.94M	53.99M	54.11M

This table shows Legato Merger Corp. II's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-5.56	-0.41	-46	-55	-4.16	-4.55	-10	-75	-216	-28	-84
Consolidated Net Income / (Loss)	-7.34	0.53	-45	-58	-2.57	-2.79	-9.89	-77	-219	-28	-87
Net Income / (Loss) Continuing Operations	-7.34	0.53	-45	-58	-2.57	-2.79	-9.89	-77	-219	-28	-87
Total Pre-Tax Income	-4.42	0.83	-61	-75	-17	-3.10	-9.95	-20	-219	-28	-89
Total Operating Income	1.21	6.03	-56	-69	-8.04	5.02	-0.60	-11	-210	-20	-88
Total Gross Profit	21	20	-40	-51	7.67	21	13	3.28	-193	-4.76	-71
Total Revenue	316	288	252	173	267	239	215	213	104	172	113
Operating Revenue	316	288	252	173	267	239	215	213	104	172	113
Total Cost of Revenue	295	268	292	224	260	218	202	210	297	177	185
Operating Cost of Revenue	295	268	292	224	260	218	202	210	297	177	185
Total Operating Expenses	20	14	16	17	16	16	14	15	17	15	17
Selling, General & Admin Expense	20	14	16	17	16	16	14	15	17	15	17
Total Other Income / (Expense), net	-5.63	-5.20	-5.61	-6.67	-8.62	-8.11	-9.35	-8.48	-8.65	-8.46	-0.82
Interest Expense	5.68	5.66	6.72	7.52	9.62	8.87	9.98	9.17	9.00	8.68	7.34
Interest & Investment Income	0.03	-0.08	0.05	0.01	-0.21	0.02	0.06	0.05	0.17	0.15	0.07
Other Income / (Expense), net	0.02	0.54	1.05	0.84	1.20	0.74	0.58	0.64	0.18	0.07	6.45
Income Tax Expense	2.92	0.31	-16	-17	-14	-0.31	-0.06	57	-0.32	0.02	-1.61
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.78	0.93	0.72	-3.40	1.59	1.77	0.42	-1.71	-2.29	0.17	-2.88
Basic Earnings per Share	($0.11)	($0.01)	($0.96)	($1.14)	($0.08)	($0.08)	($0.19)	($1.39)	($4.01)	($0.52)	($1.55)
Weighted Average Basic Shares Outstanding	47.09M	47.93M	48.03M	48.11M	48.07M	53.96M	54.01M	54.11M	54.05M	54.12M	54.25M
Diluted Earnings per Share	($0.11)	($0.01)	($0.96)	($1.14)	($0.08)	($0.08)	($0.19)	($1.39)	($4.01)	($0.52)	($1.55)
Weighted Average Diluted Shares Outstanding	47.09M	47.93M	48.03M	48.11M	48.07M	53.96M	54.01M	54.11M	54.05M	54.12M	54.25M
Weighted Average Basic & Diluted Shares Outstanding	47.94M	48.03M	48.11M	48.11M	53.99M	54.00M	54.11M	54.11M	54.11M	54.22M	54.44M

This table details how cash moves in and out of Legato Merger Corp. II's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-69	-39	-8.17	24	-20
Net Cash From Operating Activities	-91	-66	-10	1.93	17
Net Cash From Continuing Operating Activities	-91	-66	-10	1.93	17
Net Income / (Loss) Continuing Operations	42	63	-19	-106	-308
Consolidated Net Income / (Loss)	42	63	-19	-106	-308
Depreciation Expense	47	46	31	23	23
Amortization Expense	-2.27	-2.36	-2.45	-3.37	1.86
Non-Cash Adjustments To Reconcile Net Income	-16	-132	-71	68	124
Changes in Operating Assets and Liabilities, net	-162	-40	52	20	176
Net Cash From Investing Activities	-8.50	5.56	4.49	3.23	3.39
Net Cash From Continuing Investing Activities	-8.50	5.56	4.49	3.23	3.39
Purchase of Property, Plant & Equipment	-19	-4.77	-11	-7.42	-3.85
Acquisitions	-0.15	0.00	-0.54	-0.25	-0.92
Purchase of Investments	-1.23	-1.00	0.00	-0.09	0.00
Sale of Property, Plant & Equipment	11	10	8.81	6.51	6.55
Sale and/or Maturity of Investments	0.18	0.93	0.06	4.47	1.34
Other Investing Activities, net	0.25	0.34	7.00	0.00	0.27
Net Cash From Financing Activities	31	20	-2.59	19	-40
Net Cash From Continuing Financing Activities	31	20	-2.59	19	-40
Repayment of Debt	-236	-43	-138	-193	-51
Payment of Dividends	-2.62	-2.46	-0.11	0.00	-1.81
Issuance of Debt	273	75	123	173	0.00
Other Financing Activities, net	-4.10	-9.76	12	39	13
Effect of Exchange Rate Changes	-0.69	1.25	0.20	-0.20	0.09
Cash Interest Paid	7.52	9.04	18	28	35
Cash Income Taxes Paid	14	10	7.59	1.56	1.16

This table details how cash moves in and out of Legato Merger Corp. II's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	17	-17	23	38	-19	-6.45	-18	-5.95	10	-36	14
Net Cash From Operating Activities	26	-9.90	27	-5.29	-10	6.43	-5.43	5.90	9.69	-134	-38
Net Cash From Continuing Operating Activities	26	-9.90	27	-5.29	-10	6.43	-5.43	5.90	9.69	-134	-38
Net Income / (Loss) Continuing Operations	-7.34	0.53	-45	-58	-2.57	-2.79	-9.89	-77	-219	-28	-87
Consolidated Net Income / (Loss)	-7.34	0.53	-45	-58	-2.57	-2.79	-9.89	-77	-219	-28	-87
Depreciation Expense	5.83	5.58	5.57	5.78	6.37	6.53	5.38	5.63	5.68	5.64	5.44
Amortization Expense	-0.62	-0.63	-1.61	-1.13	-	0.00	0.92	0.47	0.47	0.47	0.47
Non-Cash Adjustments To Reconcile Net Income	-45	-18	42	73	25	-14	-3.43	24	114	-1.43	96
Changes in Operating Assets and Liabilities, net	74	2.28	26	-25	-39	17	1.59	53	108	-110	-53
Net Cash From Investing Activities	5.00	-0.43	3.41	-0.68	0.93	1.12	-0.36	2.33	0.30	1.32	6.31
Net Cash From Continuing Investing Activities	5.00	-0.43	3.41	-0.68	0.93	1.12	-0.36	2.33	0.30	1.32	6.31
Purchase of Property, Plant & Equipment	-3.37	-3.13	-1.10	-1.98	-1.21	-1.80	-1.09	-0.56	-0.40	-0.03	-0.36
Sale of Property, Plant & Equipment	1.35	2.66	0.55	1.25	2.06	2.88	0.57	2.82	0.29	0.96	6.64
Other Investing Activities, net	6.95	0.05	0.06	0.07	-0.18	0.03	0.16	0.08	-0.00	0.39	0.02
Net Cash From Financing Activities	-14	-6.94	-8.16	44	-9.66	-14	-12	-14	0.11	97	46
Net Cash From Continuing Financing Activities	-14	-6.94	-8.16	44	-9.66	-14	-12	-14	0.11	97	46
Repayment of Debt	-34	-11	-31	-139	-12	-14	-12	-14	-12	-27	-24
Other Financing Activities, net	15	-1.44	-1.28	40	1.68	-0.37	-0.28	-0.30	14	125	70
Effect of Exchange Rate Changes	0.07	-0.03	-0.04	0.02	-0.15	-0.00	0.08	-0.02	0.02	0.04	-0.06
Cash Interest Paid	5.57	5.53	6.44	6.92	9.16	8.93	9.11	8.73	8.50	8.46	4.00
Cash Income Taxes Paid	4.55	0.45	-0.25	0.88	0.48	0.41	0.17	0.16	0.43	0.03	0.73

This table presents Legato Merger Corp. II's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	282	1,125	1,201	1,204	989
Total Current Assets	1.52	867	943	882	734
Cash & Equivalents	1.10	58	49	72	53
Restricted Cash	-	14	15	15	15
Accounts Receivable	-	136	195	179	145
Other Current Assets	-	660	684	615	521
Plant, Property, & Equipment, net	0.00	114	102	116	107
Total Noncurrent Assets	280	144	156	206	148
Long-Term Investments	-	120	127	132	135
Goodwill	-	1.53	1.53	1.53	1.53
Intangible Assets	-	2.22	1.68	1.18	1.18
Noncurrent Deferred & Refundable Income Taxes	-	0.00	11	55	0.00
Other Noncurrent Operating Assets	280	21	14	16	11
Total Liabilities & Shareholders' Equity	282	1,125	1,201	1,204	989
Total Liabilities	9.74	765	941	1,028	1,122
Total Current Liabilities	0.08	476	584	621	655
Short-Term Debt	-	46	48	45	54
Accounts Payable	0.01	126	162	192	225
Accrued Expenses	-	122	125	92	80
Current Deferred Revenue	-	-	193	250	253
Other Current Liabilities	-	182	55	44	44
Total Noncurrent Liabilities	9.66	289	357	407	467
Long-Term Debt	-	227	252	256	204
Noncurrent Deferred & Payable Income Tax Liabilities	-	3.39	2.55	0.29	3.03
Other Noncurrent Operating Liabilities	9.66	59	102	151	260
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-8.20	360	261	175	-133
Total Preferred & Common Equity	-8.20	349	250	164	-141
Preferred Stock	0.00	24	0.00	0.00	0.00
Total Common Equity	-8.20	325	250	164	-141
Common Stock	0.00	328	270	292	293
Retained Earnings	-8.20	0.00	-19	-125	-431
Accumulated Other Comprehensive Income / (Loss)	-	-2.58	-1.46	-3.90	-3.02
Noncontrolling Interest	-	10	11	12	8.43

This table presents Legato Merger Corp. II's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	1,180	1,227	1,263	1,187	1,203	1,185	1,136	928	785
Total Current Assets	909	967	981	884	885	867	870	679	547
Cash & Equivalents	32	31	52	91	65	47	40	21	35
Restricted Cash	15	15	17	15	16	17	17	11	11
Accounts Receivable	199	217	244	193	172	158	195	152	108
Other Current Assets	663	703	667	584	632	646	617	494	392
Plant, Property, & Equipment, net	101	103	111	114	111	108	112	101	95
Total Noncurrent Assets	170	158	172	189	207	210	154	148	144
Long-Term Investments	129	130	130	131	134	138	140	135	132
Goodwill	1.53	1.53	1.53	1.53	1.53	1.53	1.53	1.53	1.53
Intangible Assets	1.82	1.62	1.51	1.42	1.18	1.18	1.18	1.18	1.18
Noncurrent Deferred & Refundable Income Taxes	22	12	27	39	56	57	0.14	0.01	1.05
Other Noncurrent Operating Assets	16	12	12	15	14	12	12	10	8.28
Total Liabilities & Shareholders' Equity	1,180	1,227	1,263	1,187	1,203	1,185	1,136	928	785
Total Liabilities	914	966	1,048	1,029	1,030	1,020	1,049	1,089	1,033
Total Current Liabilities	548	606	770	598	638	637	672	527	429
Short-Term Debt	48	46	135	43	47	49	51	56	58
Accounts Payable	137	202	249	165	207	222	234	129	81
Accrued Expenses	125	118	110	102	87	75	77	78	61
Current Deferred Revenue	185	185	225	-	257	251	268	-	194
Other Current Liabilities	53	55	52	288	41	40	42	265	35
Total Noncurrent Liabilities	366	360	278	431	392	383	377	561	604
Long-Term Debt	261	256	173	275	241	230	216	175	149
Noncurrent Deferred & Payable Income Tax Liabilities	2.88	2.25	2.02	1.95	0.29	3.14	3.07	2.98	2.31
Other Noncurrent Operating Liabilities	102	102	102	153	150	150	157	384	453
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	266	261	216	158	173	165	87	-161	-248
Total Preferred & Common Equity	254	249	203	149	159	151	75	-169	-254
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	254	249	203	149	159	151	75	-169	-254
Common Stock	270	271	271	272	293	293	293	294	294
Retained Earnings	-14	-20	-66	-120	-129	-139	-215	-460	-544
Accumulated Other Comprehensive Income / (Loss)	-2.55	-1.83	-2.42	-2.28	-4.23	-2.16	-3.16	-3.17	-3.78
Noncontrolling Interest	12	12	12	8.97	14	14	12	8.30	5.35

This table displays calculated financial ratios and metrics derived from Legato Merger Corp. II's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	35,911,000.00	35,911,000.00	47,891,984.00	-	54,113,036.00
DEI Adjusted Shares Outstanding	35,911,000.00	35,911,000.00	47,891,984.00	-	54,113,036.00
DEI Earnings Per Adjusted Shares Outstanding	1.08	1.69	-0.40	-	-5.66
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	-9.21%	-0.09%	-15.53%	-21.22%
EBITDA Growth	0.00%	23.27%	-84.19%	-606.69%	-84.98%
EBIT Growth	0.00%	44.32%	-109.19%	-1,472.66%	-75.36%
NOPAT Growth	0.00%	53.81%	-132.20%	-302.52%	-71.70%
Net Income Growth	0.00%	50.85%	-129.87%	-463.87%	-192.21%
EPS Growth	0.00%	0.00%	0.00%	-434.15%	-158.90%
Operating Cash Flow Growth	0.00%	26.91%	84.50%	118.77%	760.46%
Free Cash Flow Firm Growth	0.00%	0.00%	148.93%	-49.91%	618.31%
Invested Capital Growth	0.00%	63.17%	-16.36%	-30.74%	-130.03%
Revenue Q/Q Growth	0.00%	0.00%	1.88%	-4.76%	-17.46%
EBITDA Q/Q Growth	0.00%	0.00%	-55.98%	-7.20%	-1,507.17%
EBIT Q/Q Growth	0.00%	0.00%	-158.84%	-7.04%	-1,725.83%
NOPAT Q/Q Growth	0.00%	0.00%	-171.27%	-7.90%	-1,390.80%
Net Income Q/Q Growth	0.00%	0.00%	-312.77%	4.32%	-234.35%
EPS Q/Q Growth	0.00%	0.00%	-36.67%	1.35%	-225.86%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	67.78%	-95.00%	584.54%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-67.99%	158.68%
Invested Capital Q/Q Growth	0.00%	0.00%	-7.36%	7.42%	-148.61%
Profitability Metrics	-	-	-	-	-
Gross Margin	8.93%	12.13%	3.09%	-6.43%	-20.11%
EBITDA Margin	8.13%	11.04%	1.75%	-10.48%	-24.61%
Operating Margin	4.38%	7.12%	-2.70%	-12.89%	-28.09%
EBIT Margin	4.60%	7.31%	-0.67%	-12.52%	-27.86%
Profit (Net Income) Margin	3.25%	5.39%	-1.61%	-10.77%	-39.93%
Tax Burden Percent	79.14%	82.50%	68.70%	69.24%	122.43%
Interest Burden Percent	89.19%	89.44%	349.21%	124.24%	117.07%
Effective Tax Rate	20.86%	17.50%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	16.38%	19.15%	-5.41%	-28.27%	-169.51%
ROIC Less NNEP Spread (ROIC-NNEP)	273.73%	5.36%	-2.01%	-46.31%	-399.35%
Return on Net Nonoperating Assets (RNNOA)	-1.11%	0.69%	-0.62%	-20.14%	-1,267.98%
Return on Equity (ROE)	15.27%	19.83%	-6.03%	-48.41%	-1,437.49%
Cash Return on Invested Capital (CROIC)	0.00%	-28.86%	12.40%	8.06%	0.00%
Operating Return on Assets (OROA)	20.89%	12.07%	-0.67%	-10.20%	-19.62%
Return on Assets (ROA)	14.74%	8.91%	-1.61%	-8.78%	-28.12%
Return on Common Equity (ROCE)	-0.46%	9.94%	-5.59%	-45.89%	-761.38%
Return on Equity Simple (ROE_SIMPLE)	-506.27%	17.93%	0.00%	-64.48%	0.00%
Net Operating Profit after Tax (NOPAT)	44	68	-22	-88	-152
NOPAT Margin	3.47%	5.87%	-1.89%	-9.02%	-19.66%
Net Nonoperating Expense Percent (NNEP)	-257.35%	13.79%	-3.40%	18.04%	229.84%
Return On Investment Capital (ROIC_SIMPLE)	-	10.77%	-3.92%	-18.59%	-121.26%
Cost of Revenue to Revenue	91.07%	87.87%	96.91%	106.43%	120.11%
SG&A Expenses to Revenue	4.54%	5.01%	5.79%	6.46%	7.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.54%	5.01%	5.79%	6.46%	7.98%
Earnings before Interest and Taxes (EBIT)	59	85	-7.80	-123	-215
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	104	128	20	-103	-190
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.13	0.99	0.96	0.00
Price to Tangible Book Value (P/TBV)	0.00	1.14	1.00	0.97	0.00
Price to Revenue (P/Rev)	0.28	0.32	0.21	0.16	0.23
Price to Earnings (P/E)	9.21	6.06	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.86%	16.50%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.35	1.10	0.99	0.97	0.00
Enterprise Value to Revenue (EV/Rev)	0.50	0.42	0.32	0.25	0.32
Enterprise Value to EBITDA (EV/EBITDA)	6.11	3.77	18.10	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	10.80	5.70	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	14.33	7.09	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	129.06	14.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.30	9.87	1.35
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.76	1.15	1.71	-1.94
Long-Term Debt to Equity	0.00	0.63	0.97	1.46	-1.54
Financial Leverage	0.00	0.13	0.31	0.44	3.18
Leverage Ratio	1.04	2.23	3.75	5.52	51.11
Compound Leverage Factor	0.92	1.99	13.09	6.85	59.84
Debt to Total Capital	0.00%	43.19%	53.55%	63.12%	205.84%
Short-Term Debt to Total Capital	0.00%	7.31%	8.64%	9.36%	42.92%
Long-Term Debt to Total Capital	0.00%	35.88%	44.91%	53.75%	162.92%
Preferred Equity to Total Capital	0.00%	3.85%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	103.02%	1.65%	1.95%	2.47%	6.73%
Common Equity to Total Capital	-3.02%	51.31%	44.50%	34.41%	-112.57%
Debt to EBITDA	0.00	2.13	14.81	-2.92	-1.36
Net Debt to EBITDA	0.00	0.64	5.38	-0.78	-0.29
Long-Term Debt to EBITDA	0.00	1.77	12.42	-2.49	-1.07
Debt to NOPAT	0.00	4.01	-13.67	-3.39	-1.70
Net Debt to NOPAT	0.00	1.20	-4.97	-0.91	-0.37
Long-Term Debt to NOPAT	0.00	3.33	-11.47	-2.89	-1.34
Altman Z-Score	27.16	1.99	1.44	0.68	-0.36
Noncontrolling Interest Sharing Ratio	103.02%	49.85%	7.38%	5.21%	47.03%
Liquidity Ratios	-	-	-	-	-
Current Ratio	18.20	1.82	1.61	1.42	1.12
Quick Ratio	13.21	0.41	0.42	0.40	0.34
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-103	50	25	181
Operating Cash Flow to CapEx	-1,200.28%	0.00%	-504.87%	213.40%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-11.57	2.58	0.85	4.89
Operating Cash Flow to Interest Expense	-12.48	-7.45	-0.53	0.07	0.45
Operating Cash Flow Less CapEx to Interest Expense	-13.52	-6.85	-0.63	0.03	0.52
Efficiency Ratios	-	-	-	-	-
Asset Turnover	4.54	1.65	1.00	0.82	0.70
Accounts Receivable Turnover	0.00	0.00	7.02	5.24	4.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	10.73	8.97	6.91
Accounts Payable Turnover	203,706.59	16.15	7.79	5.89	4.45
Days Sales Outstanding (DSO)	0.00	0.00	51.99	69.67	82.04
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	22.60	46.87	61.95	81.98
Cash Conversion Cycle (CCC)	0.00	-22.60	5.11	7.72	0.06
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	271	442	370	256	-77
Invested Capital Turnover	4.72	3.26	2.86	3.13	8.62
Increase / (Decrease) in Invested Capital	0.00	171	-72	-114	-333
Enterprise Value (EV)	636	484	367	249	244
Market Capitalization	357	367	247	156	180
Book Value per Share	($0.23)	$9.05	$5.21	$3.40	($2.60)
Tangible Book Value per Share	($0.23)	$8.95	$5.15	$3.35	($2.65)
Total Capital	272	633	561	476	125
Total Debt	0.00	274	300	300	258
Total Long-Term Debt	0.00	227	252	256	204
Net Debt	-1.10	82	109	81	56
Capital Expenditures (CapEx)	7.55	-5.30	2.03	0.90	-2.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.33	366	343	217	65
Debt-free Net Working Capital (DFNWC)	1.43	438	407	305	133
Net Working Capital (NWC)	1.43	391	359	261	79
Net Nonoperating Expense (NNE)	2.83	5.58	-3.25	17	157
Net Nonoperating Obligations (NNO)	-1.10	82	109	81	56
Total Depreciation and Amortization (D&A)	45	43	28	20	25
Debt-free, Cash-free Net Working Capital to Revenue	0.03%	31.47%	29.58%	22.19%	8.45%
Debt-free Net Working Capital to Revenue	0.11%	37.67%	35.08%	31.12%	17.19%
Net Working Capital to Revenue	0.11%	33.68%	30.90%	26.58%	10.23%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.41)	($2.19)	($5.67)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	47.09M	48.07M	54.05M
Adjusted Diluted Earnings per Share	$0.00	$0.10	($0.41)	($2.19)	($5.67)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	44.41M	47.09M	48.07M	54.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	71.82M	47.94M	53.99M	54.11M
Normalized Net Operating Profit after Tax (NOPAT)	44	68	-22	-88	-152
Normalized NOPAT Margin	3.47%	5.87%	-1.89%	-9.02%	-19.66%
Pre Tax Income Margin	4.10%	6.54%	-2.35%	-15.55%	-32.62%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	8.11	9.55	-0.40	-4.16	-5.81
NOPAT to Interest Expense	6.11	7.67	-1.13	-3.00	-4.10
EBIT Less CapEx to Interest Expense	7.07	10.15	-0.51	-4.19	-5.74
NOPAT Less CapEx to Interest Expense	5.07	8.27	-1.23	-3.03	-4.03
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	6.31%	3.92%	-0.59%	0.00%	-0.59%
Augmented Payout Ratio	6.31%	3.92%	-0.59%	0.00%	-0.59%

This table displays calculated financial ratios and metrics derived from Legato Merger Corp. II's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	47,891,984.00	47,943,861.00	48,025,688.00	48,105,512.00	-	53,987,069.00	53,996,404.00	54,113,036.00	54,113,036.00	54,113,036.00	54,218,882.00
DEI Adjusted Shares Outstanding	47,891,984.00	47,943,861.00	48,025,688.00	48,105,512.00	-	53,987,069.00	53,996,404.00	54,113,036.00	54,113,036.00	54,113,036.00	54,218,882.00
DEI Earnings Per Adjusted Shares Outstanding	-0.12	-0.01	-0.96	-1.14	-	-0.08	-0.19	-1.39	-4.00	-0.52	-1.55
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.25%	4.83%	-2.11%	-44.53%	-15.48%	-16.87%	-14.37%	23.09%	-61.10%	-28.01%	-47.39%
EBITDA Growth	-80.04%	31.88%	-171.49%	-365.34%	-107.28%	6.69%	112.36%	92.75%	-43,498.72%	-209.99%	-1,306.43%
EBIT Growth	-94.49%	749.03%	-108.31%	-512.32%	-657.08%	-12.27%	99.95%	84.25%	-2,972.59%	-440.83%	-301,718.52%
NOPAT Growth	-96.07%	61.12%	-10.87%	-814.46%	-766.28%	-7.69%	99.62%	83.51%	-2,515.97%	-492.80%	-14,459.27%
Net Income Growth	-136.38%	112.31%	-281.10%	-1,313.30%	65.00%	-630.67%	78.19%	-32.43%	-8,413.20%	-911.41%	-781.17%
EPS Growth	0.00%	90.91%	-255.56%	-1,525.00%	27.27%	-700.00%	80.21%	-21.93%	-4,912.50%	-550.00%	-715.79%
Operating Cash Flow Growth	456.06%	71.54%	13.62%	79.61%	-139.18%	164.96%	-119.81%	211.43%	193.92%	-2,182.21%	-599.89%
Free Cash Flow Firm Growth	0.00%	115.55%	103.66%	193.61%	47.68%	619.03%	1,573.71%	-35.86%	71.87%	127.48%	393.69%
Invested Capital Growth	-16.36%	-4.05%	-11.90%	-40.27%	-30.74%	-36.50%	-25.10%	-33.64%	-130.03%	-139.65%	-189.95%
Revenue Q/Q Growth	1.19%	-8.88%	-12.70%	-31.09%	54.19%	-10.39%	-10.06%	-0.95%	-51.27%	65.84%	-34.28%
EBITDA Q/Q Growth	-72.96%	79.00%	-540.23%	-24.52%	99.26%	2,724.57%	-48.99%	-172.99%	-4,361.89%	93.38%	-459.46%
EBIT Q/Q Growth	-92.53%	434.45%	-932.68%	-23.98%	89.90%	184.17%	-100.47%	-39,429.63%	-1,869.42%	90.66%	-315.24%
NOPAT Q/Q Growth	-87.43%	350.12%	-1,125.25%	-23.15%	88.28%	162.36%	-104.17%	-5,312.44%	-1,759.76%	90.64%	-346.41%
Net Income Q/Q Growth	-253.18%	107.15%	-8,739.05%	-28.16%	95.58%	-8.45%	-254.99%	-678.39%	-184.09%	87.12%	-209.28%
EPS Q/Q Growth	-237.50%	90.91%	-9,500.00%	-18.75%	92.98%	0.00%	-137.50%	-631.58%	-188.49%	87.03%	-198.08%
Operating Cash Flow Q/Q Growth	201.43%	-137.60%	377.16%	-119.29%	-94.92%	162.33%	-184.51%	208.54%	64.29%	-1,481.76%	71.59%
Free Cash Flow Firm Q/Q Growth	160.77%	-72.53%	-75.81%	2,218.36%	-4.14%	33.76%	-43.70%	-11.16%	156.88%	77.04%	21.78%
Invested Capital Q/Q Growth	-7.36%	4.47%	-15.95%	-26.57%	7.42%	-4.22%	-0.86%	-34.94%	-148.61%	-26.45%	-124.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.68%	7.09%	-15.91%	-29.49%	2.87%	8.97%	6.20%	1.54%	-186.02%	-2.76%	-62.87%
EBITDA Margin	2.03%	4.00%	-20.15%	-36.41%	-0.18%	5.13%	2.91%	-2.14%	-196.28%	-7.84%	-66.71%
Operating Margin	0.38%	2.09%	-22.15%	-39.58%	-3.01%	2.09%	-0.10%	-5.30%	-202.37%	-11.43%	-77.61%
EBIT Margin	0.39%	2.28%	-21.73%	-39.09%	-2.56%	2.40%	-0.01%	-5.00%	-202.20%	-11.38%	-71.92%
Profit (Net Income) Margin	-2.32%	0.18%	-18.03%	-33.54%	-0.96%	-1.16%	-4.59%	-36.08%	-210.38%	-16.34%	-76.91%
Tax Burden Percent	166.04%	63.10%	73.97%	77.23%	15.42%	89.90%	99.39%	389.02%	99.85%	100.07%	98.18%
Interest Burden Percent	-359.93%	12.68%	112.20%	111.09%	243.60%	-53.82%	36,855.56%	185.41%	104.20%	143.49%	108.92%
Effective Tax Rate	0.00%	36.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.76%	3.93%	-52.27%	-89.47%	-6.60%	4.33%	-0.21%	-17.52%	-1,221.31%	-76.22%	-2,681.53%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.80%	1.35%	-58.20%	-98.96%	-3.37%	-2.04%	-10.66%	-109.00%	-1,326.20%	-97.39%	-2,729.30%
Return on Net Nonoperating Assets (RNNOA)	-2.40%	0.64%	-26.10%	-49.72%	-1.47%	-0.93%	-5.22%	-67.04%	-4,210.84%	-1,101.63%	3,535.52%
Return on Equity (ROE)	-1.64%	4.57%	-78.37%	-139.19%	-8.07%	3.39%	-5.43%	-84.56%	-5,432.15%	-1,177.85%	853.99%
Cash Return on Invested Capital (CROIC)	12.40%	-0.97%	5.75%	24.71%	8.06%	16.42%	10.99%	35.31%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.39%	2.23%	-20.85%	-34.00%	-2.09%	1.84%	-0.01%	-4.03%	-142.39%	-7.53%	-44.03%
Return on Assets (ROA)	-2.32%	0.18%	-17.30%	-29.17%	-0.78%	-0.89%	-3.36%	-29.06%	-148.16%	-10.82%	-47.09%
Return on Common Equity (ROCE)	-1.52%	4.38%	-74.42%	-132.15%	-7.65%	3.20%	-5.05%	-77.18%	-2,877.19%	961.57%	1,057.38%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-5.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.84	3.80	-39	-48	-5.63	3.51	-0.15	-7.92	-147	-14	-62
NOPAT Margin	0.27%	1.32%	-15.50%	-27.70%	-2.11%	1.47%	-0.07%	-3.71%	-141.66%	-8.00%	-54.33%
Net Nonoperating Expense Percent (NNEP)	8.57%	2.58%	5.93%	9.49%	-3.23%	6.37%	10.44%	91.48%	104.89%	21.17%	47.77%
Return On Investment Capital (ROIC_SIMPLE)	0.15%	0.68%	-7.45%	-10.08%	-1.18%	0.76%	-0.03%	-2.23%	-117.63%	-19.66%	148.73%
Cost of Revenue to Revenue	93.32%	92.91%	115.91%	129.49%	97.13%	91.03%	93.80%	98.46%	286.02%	102.76%	162.87%
SG&A Expenses to Revenue	6.30%	5.00%	6.23%	10.09%	5.88%	6.88%	6.30%	6.84%	16.35%	8.67%	14.74%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.30%	5.00%	6.23%	10.09%	5.88%	6.88%	6.30%	6.84%	16.35%	8.67%	14.74%
Earnings before Interest and Taxes (EBIT)	1.23	6.56	-55	-68	-6.84	5.76	-0.03	-11	-210	-20	-81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.43	12	-51	-63	-0.47	12	6.27	-4.57	-204	-14	-76
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	0.99	1.08	1.19	0.96	1.01	1.49	3.10	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.00	1.00	1.10	1.22	0.97	1.03	1.52	3.21	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.21	0.21	0.19	0.17	0.16	0.17	0.25	0.25	0.23	0.10	0.06
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.99	0.99	1.05	1.12	0.97	1.01	1.31	1.99	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.32	0.33	0.29	0.26	0.25	0.27	0.35	0.34	0.32	0.20	0.12
Enterprise Value to EBITDA (EV/EBITDA)	18.10	16.64	0.00	0.00	0.00	0.00	0.00	23.34	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	26.25	19.06	6.93	129.06	13.56	0.00	0.00	14.70	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	7.30	0.00	17.13	3.39	9.87	4.78	10.18	4.50	1.35	0.82	0.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.15	1.16	1.43	2.01	1.71	1.67	1.68	3.06	-1.94	-1.44	-0.83
Long-Term Debt to Equity	0.97	0.98	0.80	1.74	1.46	1.40	1.39	2.48	-1.54	-1.09	-0.60
Financial Leverage	0.31	0.48	0.45	0.50	0.44	0.46	0.49	0.62	3.18	11.31	-1.30
Leverage Ratio	3.75	4.49	5.09	5.58	5.52	5.60	6.43	9.46	51.11	177.30	-23.82
Compound Leverage Factor	-13.50	0.57	5.71	6.20	13.44	-3.02	2,368.58	17.55	53.26	254.40	-25.94
Debt to Total Capital	53.55%	53.64%	58.81%	66.82%	63.12%	62.53%	62.74%	75.39%	205.84%	328.99%	-499.64%
Short-Term Debt to Total Capital	8.64%	8.25%	25.71%	9.04%	9.36%	10.15%	11.01%	14.46%	42.92%	79.96%	-140.23%
Long-Term Debt to Total Capital	44.91%	45.40%	33.10%	57.78%	53.75%	52.37%	51.73%	60.93%	162.92%	249.03%	-359.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.95%	2.07%	2.35%	1.88%	2.47%	2.94%	3.23%	3.51%	6.73%	11.84%	-12.92%
Common Equity to Total Capital	44.50%	44.28%	38.84%	31.29%	34.41%	34.54%	34.03%	21.11%	-112.57%	-240.82%	612.56%
Debt to EBITDA	14.81	13.10	-34.38	-3.32	-2.92	-2.83	-6.19	19.83	-1.36	-1.07	-0.69
Net Debt to EBITDA	5.38	5.43	-12.18	-0.84	-0.78	-0.71	-1.72	5.23	-0.29	-0.29	-0.10
Long-Term Debt to EBITDA	12.42	11.08	-19.35	-2.87	-2.49	-2.37	-5.10	16.02	-1.07	-0.81	-0.50
Debt to NOPAT	-13.67	-15.02	-12.86	-3.88	-3.39	-3.23	-5.54	-26.30	-1.70	-1.36	-0.90
Net Debt to NOPAT	-4.97	-6.22	-4.56	-0.98	-0.91	-0.81	-1.54	-6.94	-0.37	-0.38	-0.13
Long-Term Debt to NOPAT	-11.47	-12.71	-7.24	-3.36	-2.89	-2.71	-4.57	-21.25	-1.34	-1.03	-0.65
Altman Z-Score	1.46	1.46	1.03	0.93	1.00	0.98	0.96	0.87	-0.34	0.23	-0.34
Noncontrolling Interest Sharing Ratio	7.38%	4.19%	5.04%	5.06%	5.21%	5.81%	6.99%	8.73%	47.03%	181.64%	-23.82%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.60	1.27	1.48	1.42	1.39	1.36	1.29	1.12	1.29	1.27
Quick Ratio	0.42	0.41	0.39	0.48	0.40	0.37	0.32	0.35	0.34	0.33	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	73	20	4.86	113	108	144	81	72	186	329	400
Operating Cash Flow to CapEx	1,303.81%	-2,101.27%	4,942.52%	-723.94%	0.00%	0.00%	-1,038.81%	0.00%	8,424.35%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	12.87	3.55	0.72	14.98	11.23	16.28	8.15	7.88	20.63	37.85	54.55
Operating Cash Flow to Interest Expense	4.63	-1.75	4.08	-0.70	-1.07	0.72	-0.54	0.64	1.08	-15.42	-5.18
Operating Cash Flow Less CapEx to Interest Expense	4.28	-1.83	4.00	-0.80	-0.98	0.85	-0.60	0.89	1.06	-15.31	-4.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	0.98	0.96	0.87	0.82	0.77	0.73	0.81	0.70	0.66	0.61
Accounts Receivable Turnover	7.02	5.93	5.46	5.25	5.24	4.79	4.45	4.82	4.45	4.35	4.53
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.73	11.09	10.95	9.59	8.97	8.71	8.16	8.27	6.91	6.64	5.94
Accounts Payable Turnover	7.79	6.17	5.95	7.14	5.89	4.86	3.84	4.46	4.45	5.29	5.75
Days Sales Outstanding (DSO)	51.99	61.57	66.80	69.53	69.67	76.24	81.99	75.73	82.04	83.95	80.66
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	46.87	59.20	61.37	51.14	61.95	75.13	94.98	81.80	81.98	69.00	63.52
Cash Conversion Cycle (CCC)	5.11	2.37	5.43	18.40	7.72	1.11	-12.98	-6.07	0.06	14.95	17.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	370	386	325	238	256	245	243	158	-77	-97	-219
Invested Capital Turnover	2.86	2.98	3.37	3.23	3.13	2.95	3.15	4.72	8.62	9.53	49.36
Increase / (Decrease) in Invested Capital	-72	-16	-44	-161	-114	-141	-81	-80	-333	-342	-462
Enterprise Value (EV)	367	384	341	267	249	247	318	315	244	142	71
Market Capitalization	247	247	220	178	156	161	226	232	180	70	36
Book Value per Share	$5.21	$5.20	$4.23	$3.10	$3.40	$2.95	$2.80	$1.39	($2.60)	($3.12)	($4.68)
Tangible Book Value per Share	$5.15	$5.13	$4.17	$3.04	$3.35	$2.90	$2.75	$1.34	($2.65)	($3.17)	($4.73)
Total Capital	561	563	523	476	476	461	444	355	125	70	-41
Total Debt	300	302	308	318	300	288	279	268	258	231	207
Total Long-Term Debt	252	256	173	275	256	241	230	216	204	175	149
Net Debt	109	125	109	80	81	73	78	71	56	63	30
Capital Expenditures (CapEx)	2.02	0.47	0.56	0.73	-0.85	-1.09	0.52	-2.26	0.12	-0.93	-6.29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	343	361	276	222	217	212	216	192	65	175	130
Debt-free Net Working Capital (DFNWC)	407	407	345	329	305	293	279	249	133	207	176
Net Working Capital (NWC)	359	361	210	286	261	247	231	198	79	151	118
Net Nonoperating Expense (NNE)	8.18	3.28	6.36	10	-3.06	6.30	9.74	69	71	14	26
Net Nonoperating Obligations (NNO)	109	125	109	80	81	73	78	71	56	63	30
Total Depreciation and Amortization (D&A)	5.20	4.95	3.97	4.64	6.37	6.53	6.29	6.10	6.15	6.12	5.91
Debt-free, Cash-free Net Working Capital to Revenue	29.58%	30.73%	23.60%	21.58%	22.19%	22.79%	24.14%	20.50%	8.45%	24.86%	21.54%
Debt-free Net Working Capital to Revenue	35.08%	34.69%	29.52%	31.95%	31.12%	31.50%	31.20%	26.63%	17.19%	29.39%	29.12%
Net Working Capital to Revenue	30.90%	30.74%	18.00%	27.76%	26.58%	26.48%	25.74%	21.14%	10.23%	21.43%	19.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.11)	($0.01)	($0.96)	($1.14)	($0.08)	($0.08)	($0.19)	($1.39)	($4.01)	($0.52)	($1.55)
Adjusted Weighted Average Basic Shares Outstanding	47.09M	47.93M	48.03M	48.11M	48.07M	53.96M	54.01M	54.11M	54.05M	54.12M	54.25M
Adjusted Diluted Earnings per Share	($0.11)	($0.01)	($0.96)	($1.14)	($0.08)	($0.08)	($0.19)	($1.39)	($4.01)	($0.52)	($1.55)
Adjusted Weighted Average Diluted Shares Outstanding	47.09M	47.93M	48.03M	48.11M	48.07M	53.96M	54.01M	54.11M	54.05M	54.12M	54.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.94M	48.03M	48.11M	48.11M	53.99M	54.00M	54.11M	54.11M	54.11M	54.22M	54.44M
Normalized Net Operating Profit after Tax (NOPAT)	0.84	3.80	-39	-48	-5.63	3.51	-0.15	-7.92	-147	-14	-62
Normalized NOPAT Margin	0.27%	1.32%	-15.50%	-27.70%	-2.11%	1.47%	-0.07%	-3.71%	-141.66%	-8.00%	-54.33%
Pre Tax Income Margin	-1.40%	0.29%	-24.38%	-43.43%	-6.24%	-1.29%	-4.62%	-9.28%	-210.69%	-16.33%	-78.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.22	1.16	-8.13	-9.01	-0.71	0.65	0.00	-1.16	-23.37	-2.26	-11.11
NOPAT to Interest Expense	0.15	0.67	-5.80	-6.39	-0.59	0.40	-0.01	-0.86	-16.37	-1.59	-8.39
EBIT Less CapEx to Interest Expense	-0.14	1.08	-8.21	-9.11	-0.62	0.77	-0.06	-0.92	-23.38	-2.15	-10.25
NOPAT Less CapEx to Interest Expense	-0.21	0.59	-5.88	-6.48	-0.50	0.52	-0.07	-0.62	-16.38	-1.48	-7.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.59%	-0.61%	-0.49%
Augmented Payout Ratio	-0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.59%	-0.61%	-0.49%

Financials Breakdown Chart

Key Financial Trends

Southland Holdings (NASDAQ: SLND) continues to show significant financial strain despite some sequential improvements in liquidity and debt reduction. The company reported $113.3 million of revenue in the second quarter of 2026, down approximately 47% from $215.4 million in the restated second quarter of 2025. Revenue also declined sequentially from $172.4 million in the first quarter. The deterioration pushed gross profit to a loss of $71.2 million, compared with gross profit of $13.0 million a year earlier, while the gross margin fell to approximately negative 63%.

Net losses have remained substantial. Southland reported a consolidated net loss of $87.1 million in Q2 2026, or $1.55 per diluted share, compared with a $9.9 million loss, or $0.19 per share, in Q2 2025. The company also posted a $28.2 million loss in Q1 2026. The trend represents a sharp reversal from the modest profitability reported in some 2023 and early 2024 quarters, and has reduced retained earnings to a deficit of $543.8 million.

Cash flow remains a major concern. Operating cash flow was negative $38.0 million in Q2 2026, although this was an improvement from negative $133.9 million in Q1. The company funded its cash needs primarily through financing activities, which provided $45.5 million during Q2, including $70.0 million of other financing inflows and $24.5 million of debt repayment. Cash and equivalents increased to $34.9 million from $20.5 million at the end of Q1, but total equity remained negative at $248.2 million.

Sequential cash-flow improvement: Operating cash outflow narrowed to $38.0 million in Q2 2026 from $133.9 million in Q1, suggesting that the extreme working-capital pressure seen earlier in the year moderated.
Higher cash balance: Cash and equivalents rose to $34.9 million at June 30, 2026, from $20.5 million three months earlier, while total cash and restricted cash reached approximately $45.7 million.
Debt reduction: Short-term and long-term debt totaled approximately $206.8 million at the end of Q2 2026, down from roughly $231.6 million in Q1 and $278.6 million in Q2 2025.
Lower accounts receivable: Accounts receivable declined to $108.4 million from $152.4 million in Q1 2026 and $158.1 million in Q2 2025, which may reduce near-term collection and working-capital pressure.
Investing cash flow was positive: Investing activities generated $6.3 million in Q2, primarily because proceeds from asset sales exceeded capital expenditures. This supports liquidity, although recurring asset sales may not be sustainable.
Current liquidity remained above 1.0: Current assets of $546.6 million exceeded current liabilities of $429.0 million, producing a current ratio of approximately 1.27. However, a large portion of current assets is classified as other current assets, which may be less immediately liquid than cash or receivables.
Revenue contraction accelerated: Q2 2026 revenue fell approximately 47% year over year and Q1 revenue fell roughly 28% year over year, indicating a sharp decline in reported business activity.
Severe margin deterioration: Operating costs exceeded revenue by $71.2 million in Q2 2026. The negative gross margin suggests that project costs, contract adjustments or other operating issues are materially impairing profitability.
Persistent losses and negative equity: The $87.1 million Q2 loss expanded the accumulated retained-earnings deficit to $543.8 million and left total equity, including noncontrolling interests, negative by $248.2 million.
Dependence on financing: Southland has repeatedly relied on financing inflows to offset negative operating cash flow. Q2 2026 operating cash flow remained negative despite $96.5 million of noncash adjustments, raising questions about the quality and sustainability of reported earnings and liquidity.

10/29/26 04:26 PM ETAI Generated. May Contain Errors.

Legato Merger Corp. II Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Legato Merger Corp. II's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Legato Merger Corp. II's net income appears to be on a downward trend, with a most recent value of -$308.36 million in 2025, compared with $41.53 million in 2021. The previous period was -$105.53 million in 2024.

Legato Merger Corp. II's total operating income in 2025 was -$216.88 million, based on the following breakdown:

Total Gross Profit: -$155.26 million
Total Operating Expenses: $61.62 million

Over the last 4 years, Legato Merger Corp. II's total revenue changed from $1.28 billion in 2021 to $772.17 million in 2025, a change of -39.6%.

In the past 11 quarters, Legato Merger Corp. II's cash and equivalents has ranged from $20.54 million in Q1 2026 to $91.38 million in Q3 2024, and is currently $34.88 million as of their latest financial filing in Q2 2026.

Legato Merger Corp. II had total debt of $257.70 million at the end of 2025, a 14.1% decrease from 2024, and none in 2021.

Over the last 4 years, Legato Merger Corp. II's book value per share changed from -0.23 in 2021 to -2.60 in 2025, a change of -1,040.3%.

Financial statements for NASDAQ:LGTOW last updated on 8/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Legato Merger Corp. II (LGTOW) Financials

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Legato Merger Corp. II (LGTOW) Financials

Annual Income Statements for Legato Merger Corp. II

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Quarterly Balance Sheets for Legato Merger Corp. II

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Financials Breakdown Chart

Key Financial Trends

Legato Merger Corp. II Financials - Frequently Asked Questions

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How has Legato Merger Corp. II's net income changed over the last 4 years?

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How has Legato Merger Corp. II's revenue changed over the last 4 years?

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