Team Inc income statement
In fiscal 2025, Team Inc reported revenue of $896m, up 5.2% on the year before, operating income of $14.1m (a 1.6% margin) and net income of −$49.2m, or −$11.70 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 454 | 508 | 624 | 714 | 750 | 842 | 1,197 | 1,200 | 1,247 | 1,163 | 853 | 794 | 840 | 863 | 852 | 896 | 894 |
| Cost of revenue | 318 | 351 | 429 | 501 | 528 | 584 | 868 | 890 | 919 | 836 | 614 | 617 | 639 | 651 | 629 | 665 | — |
| Gross profit | 136 | 157 | 195 | 213 | 222 | 258 | 329 | 310 | 328 | 328 | 239 | 178 | 202 | 211 | 223 | 232 | 221 |
| Selling, general and administrative | 112 | 116 | 140 | 158 | 171 | 190 | 324 | 348 | 361 | 328 | 261 | 246 | 241 | 224 | 213 | 218 | 203 |
| Operating income | 25 | 42 | 56 | 56 | 53 | 68 | −3 | −115 | −39 | −2 | −217 | −127 | −40 | −13 | 10 | 14 | 7 |
| Interest expense | 3 | 2 | 2 | 3 | 3 | 2 | 13 | 21 | 31 | 30 | 30 | 46 | 85 | 55 | 48 | 45 | 40 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | 2 | 2 | 1 | 2 | 1 | 3 | 3 |
| Income before tax | 20 | 40 | 52 | 52 | 46 | 63 | −16 | −138 | −94 | −33 | −252 | −176 | −147 | −71 | −35 | −47 | −32 |
| Income tax | 8 | 14 | 19 | 19 | 16 | 23 | −3 | −53 | −31 | −0 | −15 | 9 | 3 | 5 | 3 | 3 | 1 |
| Net income | 12 | 27 | 33 | 32 | 30 | 40 | −13 | −84 | −63 | −32 | −237 | −186 | 70 | −76 | −38 | −49 | −33 |
| Diluted EPS | $0.63 | $13.20 | $15.90 | $15.30 | $14.00 | $18.50 | −$4.50 | −$28.30 | −$21.00 | −$10.70 | −$77.40 | −$60.05 | $16.73 | −$17.32 | −$8.64 | −$11.70 | −$7.36 |
| Diluted shares (average) | — | 2m | 2m | 2m | 2m | 2m | 3m | 3m | 3m | 3m | 3m | 3m | 4m | 4m | 4m | 5m | 5m |
| EBITDA | 37 | 57 | 74 | 75 | 75 | 91 | 46 | −63 | 26 | 47 | −171 | −85 | −2 | 25 | 46 | 48 | 41 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 211 | 213 | 199 | 248 | 225 | 225 | 215 | 229 |
| Cost of revenue | 157 | 156 | 151 | 180 | 167 | 167 | — | — |
| Gross profit | 54 | 57 | 47 | 68 | 58 | 58 | 50 | 54 |
| Selling, general and administrative | 50 | 55 | 48 | 51 | 57 | 52 | 48 | 47 |
| Operating income | 3 | 2 | −6 | 12 | 1 | 7 | −3 | 2 |
| Interest expense | 12 | 12 | 11 | 12 | 12 | 9 | 9 | 9 |
| Provision for credit losses | 0 | 0 | 0 | 1 | 1 | 1 | −0 | 1 |
| Income before tax | −11 | −6 | −29 | −3 | −10 | −3 | −11 | −7 |
| Income tax | 1 | 1 | 0 | 1 | 1 | 0 | 0 | −0 |
| Net income | −11 | −7 | −30 | −4 | −11 | −4 | −11 | −7 |
| Diluted EPS | −$2.52 | −$1.60 | −$6.61 | −$0.95 | −$2.68 | −$1.46 | −$3.12 | −$2.15 |
| EBITDA | 12 | 11 | 2 | 21 | 10 | 15 | 5 | 11 |
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