EquipmentShare lifts 2026 rental growth midpoint to 43%
The rental segment's full-year 2026 revenue-growth midpoint is 43%, versus 33% previously, alongside higher total revenue and Adjusted Core EBITDA ranges.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
EquipmentShare.com Inc (EQPT) raised its full-year 2026 outlook, with the Rental Segment revenue-growth midpoint increasing to 43% from 33%. For the year ending December 31, 2026, updated total revenue guidance is $5.808 billion to $6.045 billion, compared with prior guidance of $5.254 billion to $5.682 billion. Rental Segment revenue guidance is $3.823 billion to $3.979 billion, compared with $3.472 billion to $3.748 billion, and Adjusted Core EBITDA guidance is $2.136 billion to $2.224 billion, compared with $1.946 billion to $2.058 billion.
Full-service rental location guidance remains 427 to 435, while mature rental site locations are anticipated to reach 262 by the end of 2026, up from 186 for the year ended December 31, 2025. Gross Rental Capex guidance remains $2.664 billion to $2.886 billion, and Net Rental Capex remains $980 million to $1.060 billion. Founder and Chief Executive Officer Jabbok Schlacks said the company believes its current location footprint supports a long-term Core EBITDA annual run rate of approximately $4 billion. Adjusted Core EBITDA and Core EBITDA are non-GAAP measures.
1 point · 1 major0 major · 0 points
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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Rental Segment revenue-growth midpoint: 43%, versus 33% previously.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Rental Segment revenue-growth midpoint: 43% (previously 33%)
Total Revenue: $5.808 billion to $6.045 billion
Rental Segment Revenue: $3.823 billion to $3.979 billion
+3 more
6 metrics
Rental Segment revenue-growth midpoint
43% (previously 33%)
Full-year 2026 outlook
Total Revenue
$5.808 billion to $6.045 billion
Updated full-year 2026 guidance; prior guidance from July 9, 2026 was $5.254 billion to $5.682 billion
Rental Segment Revenue
$3.823 billion to $3.979 billion
Updated full-year 2026 guidance; prior guidance from July 9, 2026 was $3.472 billion to $3.748 billion
Adjusted Core EBITDA
$2.136 billion to $2.224 billion
Updated full-year 2026 guidance; prior guidance from July 9, 2026 was $1.946 billion to $2.058 billion
Mature rental site locations
262 locations
Anticipated by the end of 2026; 186 for the year ended December 31, 2025
Full-service rental locations
427 to 435 locations
Updated full-year 2026 guidance; the prior guidance from July 9, 2026 was also 427 to 435
Key Terms
Original Equipment Cost, OWN Program payouts, Adjusted Core EBITDA, Net Rental Capex
4 terms
Original Equipment Cost financial
"Refers to Original Equipment Cost."
Original equipment cost is the initial price paid to produce or buy a piece of machinery, device, or component as supplied by the original manufacturer, before any aftermarket changes, upgrades, or refurbishment. For investors it matters because that upfront cost affects a company’s production margins, capital spending, depreciation schedules and the estimated expense of replacing or maintaining assets—much like knowing the purchase price of a new car helps predict future insurance, repair and resale value.
OWN Program payouts financial
"OWN Program payouts are recorded as cost of revenues."
Adjusted Core EBITDA financial
"Adjusted Core EBITDA is defined as Core EBITDA adjusted for new market startup costs"
Earnings a company generates from its regular business activities before paying interest, taxes and accounting charges for asset wear-and-tear, with additional adjustments that strip out one-time, unusual or non-recurring items to show the underlying profit of core operations. Investors use it like a steady-mileage estimate for a car — it highlights recurring performance and makes it easier to compare profitability across periods or companies by removing noise that can distort short-term results.
Net Rental Capex financial
"Net Rental Capex"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is EQPT's full-year 2026 revenue guidance?
EquipmentShare's updated total revenue guidance for the year ending December 31, 2026 is $5.808 billion to $6.045 billion, compared with prior guidance of $5.254 billion to $5.682 billion.
What is EQPT's 2026 Rental Segment revenue-growth outlook?
The midpoint of EquipmentShare's full-year 2026 Rental Segment revenue-growth outlook is 43%, compared with 33% previously. Rental Segment revenue guidance is $3.823 billion to $3.979 billion, compared with $3.472 billion to $3.748 billion under prior guidance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 19, 2026
___________________________________
Commission File Number 001-43062
(Exact Name of Registrant as Specified in Its Charter)
___________________________________
(State of Incorporation) | (I.R.S. Employer Identification No.) | |||||||
( | ||||||||
(Address, including Zip Code, and telephone number, including area code, of registrant's principal executive offices) | ||||||||
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | o | ||||
Item 7.01 Regulation FD Disclosure.
On October 19, 2026, EquipmentShare.com Inc (the “Company”) issued a press release announcing a further increase to its full-year 2026 financial guidance, reflecting strong customer demand, disciplined execution, and increasing productivity across its expanding rental network. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein. The Company will provide its actual results for the quarter ended September 30, 2026 at the time of its third quarter earnings call.
Supplemental Investor Information
On October 19, 2026, the Company also posted “EquipmentShare Business and Governance Overview” (the “Overview”) on its investor relations website at ir.equipmentshare.com, providing additional information on its operating model and location level performance, OWN Program, corporate governance, and financial reporting processes. Information on the Company’s website, including the Overview, is not incorporated by reference into this Current Report on Form 8-K.
The information included in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any other filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Forward-Looking Statements
This Current Report on Form 8-K includes certain “forward-looking statements” for purposes of United States federal and state securities laws. Forward-looking statements are statements other than statements of historical fact and can be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative of these terms and similar expressions intended to identify forward-looking statements. These forward-looking statements, which include statements regarding EquipmentShare’s guidance for the fiscal year or any other period of time, customer demand, increasing productivity, and number of locations, are subject to numerous risks and uncertainties, most of which are difficult to predict and may cause actual results to differ materially. Many such factors are beyond EquipmentShare’s control, including but not limited to, risks and uncertainties related to economic, market or business conditions, the construction equipment rental industry, our operational locations and the size of our managed fleet, the ability to execute on our expansion strategy, and other risks and uncertainties. For a further list and description of such risks and uncertainties, please refer to EquipmentShare’s filings with the Securities and Exchange Commission available at www.sec.gov, including the risks and uncertainties described under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All forward-looking statements, expressed or implied, included in this Current Report on Form 8-K are made as of the date of this Current Report on Form 8-K and are expressly qualified in their entirety by this cautionary statement. Except as otherwise required by applicable law, EquipmentShare disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |||||||
| 99.1 | Press Release Dated October 19, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EquipmentShare.com Inc | ||||||||||||||
| Date: | October 19, 2026 | By: | /s/ David Marquardt | |||||||||||
| Name: | David Marquardt | |||||||||||||
| Title: | Chief Financial Officer and Chief Accounting Officer | |||||||||||||
| Exhibit 99.1 | |||||
 | |||||
FOR IMMEDIATE RELEASE:
EquipmentShare Raises 2026 Financial Outlook
on Strong Performance and Customer Demand
Midpoint Full-Year Rental Segment(1) Revenue Growth Outlook Increased to 43% from 33%
COLUMBIA, MO. — October 19, 2026 — EquipmentShare.com Inc (Nasdaq: EQPT) (“EquipmentShare” or the “Company”), a leader in connected jobsite technology and one of the largest construction equipment rental providers in the United States, today announced a further increase to its full-year 2026 financial guidance. The increased outlook reflects strong customer demand, disciplined execution, and increasing productivity across its expanding rental network.
The Company has also posted a Business and Governance Overview on its investor relations website at ir.equipmentshare.com, providing additional information on its operating model and location level performance, OWN Program, corporate governance, and financial reporting processes.
“We are raising our full-year outlook, reflecting strong customer demand and high utilization of the fleet across our network,” said Jabbok Schlacks, Founder and Chief Executive Officer of EquipmentShare. “Our rental locations continue to mature, contributing to our growth against a strong construction backdrop. As discussed on our second-quarter 2026 earnings call, we believe our current location footprint continues to support a long-term Core EBITDA annual run rate of approximately $4 billion(2).”
“Customers undertaking large, complex projects need an integrated technology, fleet, and service solution more than ever, and they are increasingly choosing EquipmentShare as their provider of choice. The strength of our customer relationships and expanding project pipeline give us strong visibility through the remainder of 2026 and into 2027. We are highly optimistic about the opportunities ahead and confident in our ability to deliver strong results.”
________________
(1) Refers to the Equipment Rental and Services Operations segment.
(2) The Company does not provide a reconciliation of forward looking Core EBITDA to the corresponding GAAP measure because certain significant information required for such reconciliation is not available without unreasonable efforts, including the inherent difficulty of forecasting the timing or amounts of items that have not yet occurred and are out of the Company’s control or cannot be reasonably predicted.
Updated Full-Year 2026 Outlook
Supported by strong momentum heading into the end of the fiscal year, EquipmentShare has raised its full-year 2026 financial expectations as follows:
| Year Ending | Year Ending | ||||||||||||||||||||||
| December 31, 2026 | December 31, 2026 | ||||||||||||||||||||||
| ($ in millions, except for full-service rental locations) | (Updated Guidance) | (Prior Guidance — July 9, 2026) | |||||||||||||||||||||
| Low | High | Low | High | ||||||||||||||||||||
OEC(3) | $11,391 | $11,613 | $10,577 | $11,627 | |||||||||||||||||||
Full-Service Rental Locations(4) | 427 | 435 | 427 | 435 | |||||||||||||||||||
| Total Revenue | $5,808 | $6,045 | $5,254 | $5,682 | |||||||||||||||||||
Rental Segment(1) Revenue | $3,823 | $3,979 | $3,472 | $3,748 | |||||||||||||||||||
| OWN Program Payouts | $938 | $976 | $929 | $985 | |||||||||||||||||||
Adjusted Core EBITDA(5) | $2,136 | $2,224 | $1,946 | $2,058 | |||||||||||||||||||
| Gross Rental Capex | $2,664 | $2,886 | $2,664 | $2,886 | |||||||||||||||||||
| Net Rental Capex | $980 | $1,060 | $980 | $1,060 | |||||||||||||||||||
| OWN Program % of OEC | 55% | 60% | 55% | 60% | |||||||||||||||||||
(3) Refers to Original Equipment Cost.
(4) The Company anticipates the total number of mature rental site locations within our Rental Segment to be 262 sites by the end of 2026, up from 186 for the year ended December 31, 2025.
(5) Adjusted Core EBITDA is a non-GAAP measure. See “Non-GAAP Financial Measures” for additional information on non-GAAP financial measures. Includes $278 - $290 million of Sales Segment EBITDA.
About EquipmentShare
Founded in 2015 and headquartered in Columbia, Missouri, EquipmentShare (Nasdaq: EQPT) is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3®, EquipmentShare aims to drive productivity, efficiency, and collaboration across the construction sector. With a comprehensive suite of solutions that includes a fleet management platform, telematics devices and a best-in-class equipment rental marketplace, EquipmentShare continues to lead the industry in building the future of construction. For more information, visit www.equipmentshare.com.
Forward-Looking Statements
This press release includes certain “forward-looking statements” for purposes of United States federal and state securities laws. Forward-looking statements are statements other than statements of historical fact and can be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative of these terms and similar expressions intended to identify forward-looking statements. These forward-looking statements, which include statements regarding EquipmentShare’s guidance for the fiscal year or any other period of time, customer demand, increasing productivity, and number of locations, are subject to numerous risks and uncertainties, most of which are difficult to predict and may cause actual results to differ materially. Many such factors are beyond EquipmentShare’s control, including but not limited to, risks and uncertainties related to economic, market or business conditions, the construction equipment rental industry, our operational locations and the size of our managed fleet, the ability to execute on our expansion strategy, and other risks and uncertainties. For a further list and description of such risks and uncertainties, please refer to EquipmentShare’s filings with the Securities and Exchange Commission available at www.sec.gov, including the risks and uncertainties described under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All forward-looking statements, expressed or implied, included in this press release are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Except as otherwise required by applicable law, EquipmentShare disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
Non-GAAP Financial Measures
This press release contains certain financial information that is not presented in accordance with GAAP. Non-GAAP financial measures should not be used as a substitute for the corresponding GAAP measures. Non-GAAP measures in this presentation may be calculated in a way that is not comparable to similarly-titled measures reported by other companies. Non-GAAP measures in this presentation include, but are not limited to “Adjusted Core EBITDA”, “Core EBITDA”, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of the Company’s profitability, liquidity or performance under GAAP. We cannot provide a reconciliation between the expected non-GAAP measures and the most directly comparable GAAP measures for the period reflected above because certain significant information required for such reconciliation is not available without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amounts of these items that have not yet occurred and are out of the Company’s control or cannot be reasonably predicted. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results.
EBITDA is defined as net income before interest expense, income taxes, depreciation and amortization and non-cash stock compensation expense. The exclusion of these items and other similar items in our non-GAAP presentation should not be interpreted as implying that these items are non-recurring, infrequent or unusual. The Company believes EBITDA is meaningful to investors because it provides investors with a useful representation of our ongoing operations and performance.
Core EBITDA is defined as the sum of Equipment Rental and Services Operations Segment EBITDA and Equipment Sales Segment EBITDA. The Company believes Core EBITDA is meaningful to investors because it reflects the profitability of our two core segments.
Adjusted Core EBITDA is defined as Core EBITDA adjusted for new market startup costs attributable to new locations less than twelve months old. The Company believes Adjusted Core EBITDA is meaningful to investors as it is a supplemental operating performance measure used by the Company to assess its core operating performance.
Adjusted Core EBITDA can also be calculated as EBITDA less amortization and non-cash stock compensation expense, other (income) expense, (gain) loss on sale of properties and other assets, and All Other Segment Adjusted EBITDA, plus the sum of OWN Program payouts, equipment and vehicle operating lease expense, loss (gain) on debt extinguishment, and new market startup costs. Adjusted Core EBITDA reflects the Company’s underlying operating performance by excluding items unique to the Company’s organic growth and financing strategy such as (i) OWN program payouts and (ii) new market startup costs. As a capital-light fleet growth model, the OWN Program enables third-party participants to own rental equipment deployed and managed by EquipmentShare. When the equipment rents, OWN Program participants receive a portion of the rental revenue generated by the equipment. When equipment is included in the OWN Program rather than purchased and owned or leased directly by the Company, depreciation and interest expense associated with that equipment are reduced, while OWN Program payouts are recorded as cost of revenues. This shift increases cost of revenues and decreases depreciation and interest expense. Excluding OWN Program payouts assists investors in evaluating the Company’s business and performance relative to industry peers as no other company uses a similar model.
New market startup costs reflect the upfront investments required to support our continued geographic expansion. As the only large-scale equipment rental provider that is fully focused on organic growth, excluding new market startup costs provides greater transparency with respect to the Company’s financial condition and results of operation as it enhances comparability with industry peers.
These non-GAAP financial measures should be considered supplemental to and are not a substitute for financial information prepared in accordance with GAAP. Our use of the terms Core EBITDA and Adjusted Core EBITDA may vary from the use of similar terms by other companies in our industry and accordingly may not be comparable to similarly titled measures used by other companies.
Investor Relations Contact:
ir@equipmentshare.com
Media Contact:
press@equipmentshare.com
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