Team Q2 revenue falls 7.8% to $228.7 million; net loss widens to $6.8 million
Team, Inc. reported unaudited second-quarter 2026 revenue of $228.7 million, down 7.8% from $248.0 million a year earlier, and a net loss of $6.8 million versus $4.3 million. The company blamed deferred turnaround and maintenance work at oil, gas and petrochemical customers, and said it expects results toward the bottom half of its full-year 2026 guidance ranges, which it maintained.
Key points
- Q2 2026 revenue $228.7 million vs. $248.0 million in Q2 2025; Adjusted EBITDA $12.8 million vs. $24.5 million
- Net loss attributable to common shareholders $9.8 million, or $2.15 per share, vs. $0.95 per share loss a year earlier
- Full-year 2026 guidance maintained: revenue $920 million to $945 million and Adjusted EBITDA $68 million to $73 million, with results expected toward the bottom half of those ranges
- Total debt $326.3 million at June 30, 2026, up from $297.2 million at fiscal year-end 2025
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.