Quarterly ResultMay 13, 2026, 04:08 PM
EquipmentShare Q1 Revenue $989M, Rental Segment +37%; Raises 2026 Outlook
AI Summary
EquipmentShare reported strong first-quarter 2026 financial results, with total revenue reaching $989 million and Rental Segment revenue increasing 37% year-over-year to $764 million. The company reduced its net loss to $29 million for the quarter and achieved a net income of $58 million on a trailing twelve-month basis. EquipmentShare also raised its full-year 2026 outlook for total revenue and Adjusted Core EBITDA, reflecting robust customer demand and the strength of its technology-enabled growth model.
Key Highlights
- Total revenue for Q1 2026 was $989 million, with TTM revenue of $4,652 million.
- Rental Segment revenue grew 37% year-over-year to $764 million in Q1 2026.
- Net loss for Q1 2026 decreased to $29 million from $48 million in Q1 2025.
- Adjusted Core EBITDA increased 38% to $399 million for Q1 2026.
- The company opened 22 new operational locations during the first quarter, reaching 407 total.
- Net leverage decreased to 2.8x as of March 31, 2026, from 3.2x a year prior.
- EquipmentShare raised its 2026 total revenue outlook to $5,147-$5,575 million.
- The 2026 Adjusted Core EBITDA outlook was increased to $1,883-$1,995 million.