EquipmentShare.com Inc (EQPT) SEC Filings, Jun-Aug 2026

EquipmentShare.com Inc reports strong growth for the three and six months ended June 30, 2026, its first reported period after a January 2026 IPO. Total revenue for the quarter rose to $1,449 million, driven by equipment rental and related services of $815 million, equipment sales of $483 million, and platform revenue of $63 million including telematics. Gross profit increased to $411 million, and operating income reached $94 million, while quarterly net income was $19 million.

For the first six months, revenue was $2,437 million and the company recorded a net loss of $10 million, an improvement from the prior-year loss. Cash and cash equivalents increased to $443 million, supported by IPO net proceeds of $706 million, but the balance sheet remains highly leveraged with long-term debt of $3,635 million and total interest expense of $143 million year-to-date. Total assets grew to $7,111 million, including rental equipment, net, of $3,286 million. Equity expanded to $1,212 million, though perpetual preferred stock of $370 million continues to generate deemed dividends, and founders’ Class B shares hold more than 80% of voting power, making the company a controlled company under Nasdaq standards.

EquipmentShare.com Inc reported strong second-quarter 2026 results with total revenue of $1,449 million, up 26% year over year, driven mainly by its Equipment Rental and Services Operations segment. Rental Segment revenue rose to $908 million, a 39% increase, supported by network expansion and a larger managed fleet.

Net income was $19 million for the quarter and $62 million on a TTM basis, while Adjusted Net Income reached $43 million for the quarter and $103 million TTM, excluding IPO Founders Awards stock compensation. Adjusted Core EBITDA increased 34% to $531 million for the quarter and $1,911 million TTM, with mature rental locations generating 55% adjusted EBITDA margins on a TTM basis. The company operated 430 locations as of June 30, 2026, and managed original equipment cost of $9,851 million. Liquidity was $1,424 million (and $2,763 million including a July 1, 2026 bond issuance adjustment), and the net leverage ratio improved to 3.0x from 3.4x a year earlier. Guidance for 2026 calls for total revenue of $5,254–$5,682 million and Adjusted Core EBITDA of $1,946–$2,058 million.

EquipmentShare.com Inc. announced a new share repurchase program authorizing purchases of up to $500 million of Class A common stock through December 31, 2028, executed opportunistically via open-market and other permitted transactions at the company’s discretion.

The company also raised its full-year 2026 outlook, guiding Total Revenue to $5,254–$5,682 million (from $5,147–$5,575 million) and Rental Segment Revenue to $3,472–$3,748 million (from $3,366–$3,642 million). Adjusted Core EBITDA guidance increased to $1,946–$2,058 million (from $1,883–$1,995 million), with higher planned Gross Rental Capex of $2,664–$2,886 million and Net Rental Capex of $980–$1,060 million. Expected OEC is now $10,577–$11,627 million.

The company anticipates 264 mature rental locations by year-end 2026, up from 186 in 2025, and cites expected pro forma liquidity of about $2.6 billion after recent bond proceeds, supporting both growth investments and the repurchase authorization.

EquipmentShare.com Inc closed a private offering of $1,350 million of new senior secured second lien notes due 2034, adding a large long-term debt layer to its capital structure. The notes carry a fixed interest rate of 7.125% per year, with interest payable each January 1 and July 1 starting in 2027.

The notes are secured on a second-lien basis by substantially all company and future guarantor assets and rank pari passu with EquipmentShare’s existing second-lien notes, but junior to its asset-based revolving credit facility. The indenture includes typical high-yield covenants that restrict additional debt, dividends, asset sales, affiliate transactions, and mergers, along with standard events of default.

EquipmentShare.com Inc’s co-founders Jabbok Schlacks and William J. Schlacks IV have filed a Schedule 13D detailing their ownership and control of the company. Each reports beneficial ownership of 34,828,852 shares of common stock, including both Class A and Class B, representing 14.9% of the Class A shares using one methodology and approximately 16.2% of the outstanding Class A stock and 13.8% of total common stock using another.

Through high-vote Class B shares, where each Class B share carries 20 votes versus one vote for Class A, each co-founder holds 42.5% of the total voting power, and together their interests represent 81% of the company’s aggregate voting power under a Voting Agreement that requires them to vote as a group. Their stakes include shares held directly, through EQS Heritage Holdings LLC and EQS Legacy Holdings LLC, and options that are currently exercisable. The filing also notes that on June 15, 2026, each co-founder purchased 50,000 Class A shares in open-market or brokerage transactions and remains subject to a 180-day IPO lock-up and existing equity compensation arrangements.

EquipmentShare.com Inc director and CEO Jabbok Schlacks reported open-market purchases of Class A common stock. He bought 21,700 shares at a weighted average price of $21.50 per share and 28,300 shares at a weighted average price of $20.83 per share, both in multiple transactions within stated price ranges. Following these purchases, he holds 50,000 shares directly. The filing also shows indirect holdings of 13,592,263 shares by EQS Heritage Holdings LLC and 714,285 shares by EQS Legacy Holdings LLC, entities where he is a managing member alongside William John Schlacks, while disclaiming beneficial ownership for Section 16 purposes except for any pecuniary interest.

EquipmentShare.com Inc co-founder and president William J. Schlacks reported an open-market purchase of 50,000 shares of Class A common stock at a weighted average price of $21.47 per share, in multiple trades between $21.10 and $21.55. After this transaction, he directly holds 50,000 shares and has additional indirect holdings through EQS Legacy Holdings LLC and EQS Heritage Holdings LLC, where he is a managing member but disclaims beneficial ownership beyond any pecuniary interest.

EquipmentShare.com Inc director Harley Miller filed an initial Form 3 ownership report as a company insider. The filing lists Miller’s status as a director but does not report any current stock or option transactions or holdings, serving as a baseline disclosure of insider status.

EquipmentShare.com Inc director Giangiacomo Damian filed an initial ownership report on Form 3. The filing does not list any transactions or current holdings, serving mainly to register Damian as a reporting insider for future ownership and trading disclosures in the company’s stock.