10-Q · May 13, 2026
Team, Inc. reported Q1 2026 results with revenue of $215.1 million, up 8.3% year-over-year, driven by growth in both the Inspection & Heat-Treating (IHT) and Mechanical Services (MS) segments. The company improved its…
Earnings analysis · 10-Q
TISI earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
Team, Inc. reported Q2 2026 revenue of $228.678 million, up approximately 6.4% sequentially from $215 million but down approximately 7.8% year over year from $248 million. EPS improved sequentially to negative $1.73…
Read full summary
Team, Inc. reported Q2 2026 revenue of $228.678 million, up approximately 6.4% sequentially from $215 million but down approximately 7.8% year over year from $248 million. EPS improved sequentially to negative $1.73 from negative $3.12, but deteriorated from negative $0.95 in the prior-year quarter. The provided excerpt does not disclose current-quarter margins, cash flow, balance-sheet details, segment results, or quantitative guidance; it reports effective disclosure controls and no material risk-factor changes.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-1.73
What stood out
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Revenue Rebounded Sequentially
Revenue was $228.678 million, up from $215 million in Q1 2026, a sequential increase of approximately 6.4%, but below the $248 million reported in Q2 2025 by approximately 7.8%.
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EPS Improved Sequentially
Reported EPS was negative $1.73, an improvement from negative $3.12 in Q1 2026 by $1.39, but a deterioration from negative $0.95 in Q2 2025 by $0.78.
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Disclosure Controls Effective
Management concluded that disclosure controls were effective as of June 30, 2026, providing reasonable assurance that required information is reported within the required time periods.
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No Material Control Changes
The filing reports no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, the controls during the quarter ended June 30, 2026.
What to watch
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Persistent Earnings Losses
The company remained loss-making, with EPS of negative $1.73 in Q2 2026 versus negative $0.95 in Q2 2025, indicating year-over-year earnings deterioration despite the sequential improvement from negative $3.12.
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Year-Over-Year Revenue Decline
Revenue of $228.678 million was approximately 7.8% below the $248 million reported in Q2 2025, indicating continued year-over-year scale pressure.
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Existing Risks Remain
The filing states that there were no material changes to the previously disclosed risk factors; accordingly, the existing risk framework remains applicable with 0 newly disclosed material changes.
Management's outlook
The provided 10-Q excerpt does not include a quantitative outlook. Prior company guidance was $920 million-$945 million for 2026, but this filing excerpt does not confirm whether that outlook was maintained.
Earlier filings 4
10-K · March 12, 2026
Team, Inc. (TISI) reported revenues of $896.5 million for the year ended December 31, 2025, reflecting a 5.2% growth from $852.3 million in 2024. Despite the revenue increase, the company recorded a net loss of $49.2…
10-Q · November 12, 2025
Team Inc. reported total revenues of $224.98 million in Q3 2025, a 6.7% increase from $210.76 million in Q3 2024, but still a decline from the previous quarter's $248 million. The company incurred a net loss of $11.45…
10-Q · August 12, 2025
Team, Inc. reported an increase in revenue to $248 million for Q2 2025, reflecting an 8.5% year-over-year growth driven by strong performance in the Inspection segment. However, the company recorded a diluted EPS loss…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.