Quarterly ResultAug 13, 2026, 08:47 AM
EquipmentShare Q2 Revenue $1.45B, Net Income $19M; Completed IPO
AI Summary
EquipmentShare.com Inc. reported strong financial results for the second quarter and first half of 2026, alongside the completion of its Initial Public Offering (IPO) in January 2026. Total revenues for Q2 2026 increased to $1.45 billion, up from $1.15 billion in the prior year, with net income rising to $19 million. For the six months ended June 30, 2026, the company significantly reduced its net loss to $10 million from $32 million in the same period last year, driven by robust revenue growth across all segments. The IPO generated $706 million in net proceeds, contributing to a substantial increase in total assets and equity.
Key Highlights
- Completed IPO on January 26, 2026, raising $706 million net proceeds.
- Q2 2026 total revenues increased to $1,449 million from $1,147 million YoY.
- Q2 2026 net income was $19 million, up from $16 million YoY.
- Six-month 2026 total revenues grew to $2,437 million from $1,864 million YoY.
- Six-month 2026 net loss improved to $(10) million from $(32) million YoY.
- Total assets increased to $7,111 million as of June 30, 2026, from $5,987 million.
- Total equity rose to $1,212 million as of June 30, 2026, from $528 million.
- Net cash used in operating activities was $(142) million for six months.
Price Impact
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