Quarterly ResultAug 10, 2026, 05:37 PM
TEAM INC Q2 Revenue $228.7M, Net Loss $(6.8)M; EPS $(2.15)
AI Summary
TEAM INC reported a net loss of $(6.8) million, or $(2.15) per share, on revenues of $228.7 million for the second quarter of 2026, compared to a net loss of $(4.3) million and revenues of $248.0 million in the prior year quarter. For the six months ended June 30, 2026, the company's net loss improved to $(18.1) million from $(34.0) million, with net cash used in operating activities significantly decreasing. Total long-term debt and finance lease obligations increased to $326.3 million.
Key Highlights
- Q2 2026 revenue decreased to $228.7 million from $248.0 million in Q2 2025.
- Q2 2026 net loss widened to $(6.8) million from $(4.3) million in Q2 2025.
- Q2 2026 basic and diluted EPS was $(2.15), compared to $(0.95) in Q2 2025.
- Six months 2026 net loss improved to $(18.1) million from $(34.0) million in six months 2025.
- Net cash used in operating activities for six months improved to $(8.4) million from $(32.0) million.
- Total long-term debt and finance lease obligations increased to $326.3 million from $297.2 million.
- IHT segment Q2 revenue was $131.3 million, down from $138.2 million in Q2 2025.
- MS segment Q2 revenue was $97.4 million, down from $109.8 million in Q2 2025.
Price Impact
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