The strong beat and raised guidance signal accelerating demand and margin expansion as new locations mature. Watch the conference call for commentary on mature location margins and OWN program dynamics; the stock likely gaps up on the open.
Price Chart
Executive Summary
EquipmentShare reported Q1 2026 revenue of $989M (beat $900M consensus by 9.9%), adjusted EPS of -$0.11 (beat -$0.23 consensus by 52%), and raised full-year 2026 guidance for revenue, rental revenue, and Adjusted Core EBITDA. Rental segment revenue grew 37% YoY to $764M, reflecting strong customer demand and continued expansion.
Key Financial Metrics
Key Facts
- Q1 2026 total revenue $989M, +38% YoY vs $716M
- Adjusted EPS -$0.11 beat consensus -$0.23 by 52%
- Rental segment revenue $764M, +37% YoY
- GAAP net loss narrowed to $29M from $48M YoY
- Full-year 2026 guidance raised: total revenue $5,147-$5,575M (prior $5,051-$5,471M), Adj. Core EBITDA $1,883-$1,995M (prior $1,813-$1,925M)
- Adjusted Core EBITDA $399M, +38% YoY
- Opened 22 new operational locations in Q1; 407 total locations
Financial Impact
Revenue beat consensus by ~$89M; EPS beat by $0.12; guidance raised by ~$96M at midpoint for total revenue
Risk Factors
- GAAP net loss persists; negative operating cash flow of -$200M due to growth investments
- Net leverage at 2.8x; high debt load could limit flexibility in a downturn
- Dependence on OWN Program for capital-light growth; payout costs rising 41% YoY
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-034640 |
| Document: eqpt-20260513.htm | 0001628280-26-034640 |
| Document: 0001628280-26-034640-index-headers.html | 0001628280-26-034640 |
| Document: 0001628280-26-034640-index.html | 0001628280-26-034640 |
| Document: 0001628280-26-034640.txt | 0001628280-26-034640 |
| 8-K Data (Synthetic) | 0001628280-26-034640 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $16.33 | awaiting T+1 | — | $16.26 (−0.43%) |
Oct 19, 2026 8d ago | 8-K | $13.95 $15.60 | ▲ +11.83% | ▲ +11.49% | $16.26 (+16.56%) |
Sep 16, 2026 5w ago | Insider Buy | $18.37 $18.03 | ▼ −1.85% | ▼ −1.73% | $16.26 (−11.49%) |
Sep 4, 2026 7w ago | Insider Cluster | $19.40 $18.75 | ▼ −3.35% | ▼ −2.89% | $16.26 (−16.19%) |
Sep 1, 2026 7w ago | Insider Cluster | $17.81 $18.14 | ▲ +1.85% | ▲ +0.81% | $16.26 (−8.70%) |
Aug 24, 2026 9w ago | Insider Cluster | $18.47 $18.06 | ▲ +2.22% | ▲ +2.24% | $16.26 (+11.97%) |
Aug 18, 2026 9w ago | Insider Cluster | $19.68 $18.27 | ▲ +7.16% | ▲ +6.32% | $16.26 (+17.38%) |
Aug 18, 2026 9w ago | 144 | $19.68 $18.27 | ▲ +7.16% | ▲ +6.32% | $16.26 (+17.38%) |
Aug 14, 2026 10w ago | 144 | $21.43 $19.54 | ▲ +8.82% | ▲ +8.14% | $16.26 (+24.13%) |
Aug 14, 2026 10w ago | 144 | $21.43 $19.54 | ▼ −8.82% | ▼ −8.14% | $16.26 (−24.13%) |
US Market Status
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