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AI brief of an SEC Form 8-K · Teamshares Inc (TMS)

Teamshares Q2 revenue rises 20% to $148.7 million; reaffirms 2026 outlook

Positive Impact 3 of 5 earnings Written later

Teamshares reported second-quarter 2026 revenue of $148.7 million, up 20% from a year earlier, and net income of $9.5 million compared with a $12.9 million loss in the same period of 2025. The company reaffirmed its 2026 guidance of $60 million in Pro Forma Adjusted EBITDA, which assumes it completes transactions that provide additional capital for acquisitions. The net income improvement was helped by a non-cash $24.9 million gain from changes in the fair value of earnout share and deferred founder share liabilities.

Key points

  • Q2 2026 revenue was $148.7 million, up $25.1 million (20%) year over year; diluted EPS was $0.16 versus a $(0.26) loss a year earlier.
  • Adjusted EBITDA was $9.6 million, up $6.0 million (166%); Pro Forma Adjusted EBITDA was $9.8 million.
  • Full-year 2026 Pro Forma Adjusted EBITDA guidance of $60 million was reaffirmed, contingent on securing additional acquisition financing.
  • Non-binding letters of intent cover 10 businesses with about $30 million in annual EBITDA; a non-binding term sheet for a senior secured warehouse facility was entered on August 4, 2026.

The filing

CompanyTeamshares Inc (TMS)
Form8-K, current report
Filed with the SECAug 14, 2026, 7:10 AM ET
Accession number0002048951-26-000013

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 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 14, 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.