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Other Financial Information | 12 Months Ended
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Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Financial Information | Other Financial Information Accounts receivable, net consists of the following (in thousands):
| December 31,
| 2025 |  | 2024
Contracts receivable, net | $ | 569,812 |  |  | $ | 441,109 |
Accounts receivable—other | 14,248 |  |  | 7,501 |
Accounts receivable, net | $ | 584,060 |  |  | $ | 448,610 |
Prepaid expenses and other current assets consists of the following (in thousands):
| December 31, |
| 2025 |  | 2024 |
Interest rate swaps | $ | 42 |  |  | $ | 5,861 |  |
Prepaid expenses | 22,597 |  |  | 18,909 |  |
Inventories | 11,303 |  |  | 10,247 |  |
Deferred contract costs | 2,237 |  |  | 3,489 |  |
Prepaid expenses and other current assets | $ | 36,179 |  |  | $ | 38,506 |  |
Consolidated Statements of Cash Flows Information Additional cash flow information was as follows (in thousands):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Cash paid for interest and taxes |  |  |  |  |
Interest paid, net of interest rate swaps(a) | $ | 96,884 |  |  | $ | 85,662 |  |  | $ | 61,794 |
Income taxes paid, net of refunds | $ | 16,442 |  |  | $ | 17,496 |  |  | $ | 10,160 |
Non-cash investing activities |  |  |  |  |
Property and equipment additions included in Accounts payable | $ | 4,906 |  |  | $ | 429 |  |  | $ | 579 |
Non-cash financing activities |  |  |  |  |
Parent issuance of Parent interests for contingent consideration - related parties | $ | — |  |  | $ | — |  |  | $ | 9,325 |
Deferred offering costs included in Accounts payable | $ | 60 |  |  | $ | 3,488 |  |  | $ | — |
Contribution from Legence Parent for Series A Interests and Restricted Series C Interests | $ | 30,510 |  |  | $ | — |  |  | $ | — |
Contribution from Legence Parent II for Series A Interests | $ | 17,805 |  |  | $ | — |  |  | $ | — |
TRA liability - secondary offering exchanges | $ | 58,060 |  |  | $ | — |  |  | $ | — |
Deferred tax asset, net of valuation allowance, recognized in connection with TRA liability - secondary offering exchanges | $ | 4,552 |  |  | $ | — |  |  | $ | — |
Non-cash financing activities related to IPO and Corporate Reorganization |  |  |  |  |
Reclassification of Series A Interests and Restricted Series C Interests from liability to equity | $ | 36,358 |  |  | $ | — |  |  | $ | — |
TRA liability recognized | $ | 146,474 |  |  | $ | — |  |  | $ | — |
Deferred tax asset, net of valuation allowance, recognized in connection with TRA liability | $ | 28,697 |  |  | $ | — |  |  | $ | — |
(a)The Company classifies the cash flows resulting from its interest rate swaps in Cash provided by operating activities on the Consolidated Statements of Cash Flows consistent with the interest that is hedged. Refer to “Note 11—Derivatives” for additional information on the Company's interest rate swaps. Refer to “Note 4—Acquisitions” for disclosure of non-cash financing of acquisitions through issuance of Parent interests and promissory notes. Refer to “Note 8—Leases” for supplemental disclosures of non-cash lease related information.

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