Every 10-Q that Team, Inc. (TISI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TISI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TISI filings page.
Team, Inc. reported for the quarter ended June 30, 2026 revenues of $228.7 million, down 7.8% year over year, generating operating income of $2.2 million versus $12.1 million a year ago and a net loss of $6.8 million versus $4.3 million.
For the first six months, revenue was $443.7 million (down 0.7%), with an operating loss of $1.2 million and a net loss of $18.1 million, improved from a $34.0 million loss primarily due to lower interest expense and the absence of prior-year debt extinguishment costs. Adjusted EBITDA fell to $12.8 million in Q2 from $24.5 million.
Total assets were $498.8 million, with total debt and finance obligations of $326.3 million, redeemable preferred stock of $57.8 million (including a 10.5% paid-in-kind dividend), and a shareholders’ deficit of $49.7 million. Cash and cash equivalents were $26.0 million, operating cash outflow improved to $8.4 million, and availability under the ABL facility was $28.9 million, with an additional $30.0 million Series B delayed draw capacity.
Team, Inc. reported first-quarter 2026 revenue of $215.1 million, up 8.3% from $198.7 million a year earlier, driven by higher turnaround and project work in both Inspection and Heat-Treating (IHT) and Mechanical Services (MS).
Net loss narrowed to $11.3 million from $29.7 million, as operating loss improved to $3.4 million and interest expense declined after a 2025 refinancing. Adjusted EBITDA rose to $7.7 million from $5.3 million, though free cash flow remained negative at -$11.5 million.
Cash and cash equivalents were $12.8 million at March 31, 2026, against total debt and finance obligations of $306.5 million and a shareholders’ deficit of $39.4 million. The company had about $40.5 million of borrowing availability and additional potential liquidity from Series B preferred stock delayed draws.
Team, Inc. reported third-quarter results and completed new financing arrangements. Revenue was $224,976 (up from $210,758 a year ago), producing operating income of $1,342 and a net loss of $(11,447). For the first nine months, revenue reached $671,657 with a net loss of $(45,431). Cash from operations was $(28,122) for the period.
On September 11, 2025, the company issued 75,000 shares of Series B Preferred Stock and 1,453,260 warrants for $75.0 million, using proceeds to repay portions of existing debt. It also amended debt facilities: the ABL commitment increased to $150.0 million with maturity extended to October 2, 2028 and reduced margins, and a $225.0 million First Lien Term Loan was established (initial $175.0 million drawn). Liquidity included $10.6 million of cash and $46.5 million of borrowing availability as of September 30, 2025. Shares outstanding were 4,527,240 as of November 10, 2025.
Team, Inc. reported consolidated revenue of $248.0 million for the quarter ended June 30, 2025, up 8.5% from $228.6 million a year earlier, driven by a 15.2% increase in its Inspection and Heat Treating (IHT) segment and modest growth in Mechanical Services (MS). Operating income was $12.1 million for the quarter (versus $11.2 million prior-year), and consolidated adjusted EBITDA rose to $24.5 million from $21.8 million, showing improved operating performance when excluding identified non-core items.
Despite revenue gains, the company reported a net loss of $4.3 million for the quarter and a year-to-date net loss of $34.0 million, reflecting higher non-operating charges including $11.9 million loss on debt extinguishment recorded in the six months. Total long-term debt and finance lease obligations were $370.2 million as of June 30, 2025. Liquidity included $16.6 million unrestricted cash and approximately $32.7 million available borrowing capacity, and management stated covenant compliance as of that date.