Team Inc balance sheet

At the end of fiscal 2025, Team Inc had total assets of $485m, total liabilities of $458m and shareholders' equity of −$24.5m. It held $18.1m in cash against $298m of debt: net debt of $279m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Team Inc: balance sheet, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	—	—	—	—	—	—	46	27	18	12	25	55	58	35	36	18	26
Receivables	—	143	158	172	176	213	263	302	268	246	194	168	187	181	173	178	194
Inventory	—	21	25	27	26	26	50	50	49	39	37	35	36	39	38	41	42
Total current assets	—	190	219	247	249	289	401	397	355	318	284	402	348	322	305	266	291
Goodwill	—	90	95	103	114	108	356	285	282	282	91	0	0	—	—	—	—
Total assets	—	355	404	460	485	524	1,147	1,056	978	985	731	707	617	566	528	485	499
Accounts payable	—	24	18	22	22	33	48	55	44	42	42	44	33	36	42	42	38
Deferred revenue (current)	—	—	—	—	—	—	3	—	—	—	—	—	—	0	—	—	—
Total current liabilities	—	60	62	73	75	91	148	148	140	151	133	188	449	175	171	120	127
Short-term debt	—	0	—	—	—	—	20	0	—	—	—	—	—	—	—	—	—
Long-term debt	—	76	86	73	74	78	347	388	357	325	312	407	239	306	320	289	318
Total debt	0	76	86	73	74	78	367	408	387	354	352	455	286	317	328	298	326
Total liabilities	—	146	159	168	168	188	612	579	521	549	516	655	499	520	527	458	491
Shareholders' equity	165	209	240	287	311	—	536	477	457	437	215	52	118	46	2	−24	−50
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	52	58
Net debt (negative = net cash)	—	—	—	—	—	—	321	381	369	342	328	400	228	282	293	279	300
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	4m	4m	4m	5m	5m

US$ millions unless shown otherwise. Fiscal quarters.

Team Inc: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	192	173	179	208	195	178	182	194
Inventory	40	38	40	42	42	41	42	42
Total current assets	315	305	292	326	311	266	266	291
Total assets	545	528	515	548	531	485	479	499
Accounts payable	43	42	34	43	39	42	35	38
Deferred revenue (current)	2	—	—	—	—	—	—	—
Total current liabilities	175	171	153	166	160	120	119	127
Long-term debt	316	320	348	363	295	289	298	318
Total debt	316	320	348	363	295	289	298	318
Total liabilities	527	527	541	571	499	458	464	491
Shareholders' equity	18	2	−26	−23	−18	−24	−39	−50
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	50	52	55	58
Shares outstanding	4m	4m	4m	4m	4m	5m	5m	5m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Team Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Team Inc.