Team widens Q2 FY26 net loss to $6.8 million; revenue drops 7.8% to $228.7 million

Reuters2026/08/10 21:26

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Team Inc. posted Q2 net loss of USD 6.8 million, widening from the year-ago period; revenue fell 7.8% to USD 228.7 million.
Gross margin dropped to USD 54.4 million; operating income slid to USD 2.2 million as turnaround and maintenance activity was deferred.
Non-GAAP adjusted EBITDA fell 47.76% to USD 12.8 million, while non-GAAP adjusted SGA declined 4.5% to USD 44.7 million.
Liquidity totaled USD 51.2 million at June 30; total debt rose to USD 326.3 million, lifting non-GAAP net debt to USD 300.3 million.
Kept 2026 outlook for revenue of USD 920 million-USD 945 million, gross margin of USD 240 million-USD 260 million, adjusted EBITDA of USD 68 million-USD 73 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Team Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101726PRIMZONEFULLFEED9807284) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Team widens Q2 FY26 net loss to $6.8 million; revenue drops 7.8% to $228.7 million

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