Monitor H2 2026 for the expected return of deferred turnaround activity, which is critical to hitting the maintained guidance. Execution of the $8M-$15M structural cost program will be key to protecting margins. The high debt load ($326M vs $78M market cap) amplifies downside risk if revenue recovery is delayed.
Price Chart
Executive Summary
Team, Inc. reported Q2 2026 revenue of $228.7M, down 7.8% YoY, and a net loss of $6.8M (vs $4.3M loss in Q2 2025), driven by deferred turnaround activity in core oil & gas markets. Adjusted EBITDA nearly halved to $12.8M (5.6% of revenue) from $24.5M (9.9% of revenue). Full-year 2026 guidance was maintained but management expects results toward the bottom half of ranges, signaling continued near-term headwinds.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $228.7M vs $248.0M in Q2 2025 (down 7.8% YoY)
- Net loss widened to $6.8M from $4.3M in the prior-year period
- Adjusted EBITDA fell 48% to $12.8M (5.6% of revenue) from $24.5M (9.9% of revenue)
- Operating income dropped 82% to $2.2M from $12.1M
- Full-year 2026 guidance maintained: revenue $920M-$945M, Adjusted EBITDA $68M-$73M, but expected toward bottom half
- Structural cost improvement program targets $8M-$15M in 2026, $20M-$35M at full run-rate
- Total debt $326.3M vs $297.2M at FY2025 year-end; net debt $300.3M
Financial Impact
Revenue decline of $19.3M YoY; gross margin contraction of $13.7M; Adjusted EBITDA decline of $11.7M; net loss increase of $2.5M
Risk Factors
- Further deferral of turnaround and maintenance activity by customers
- Inability to achieve structural cost improvement targets
- High leverage (net debt $300M) limits financial flexibility
- Geopolitical risk in Middle East operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3342322 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 3 | $26.53 | awaiting T+60 | — | $23.81 (−10.25%) |
Oct 6, 2026 20d ago | 8-K | $27.59 | awaiting T+60 | — | $23.81 (−13.70%) |
Aug 25, 2026 8w ago | Insider Cluster | $24.09 | awaiting T+60 | — | $23.81 (−1.16%) |
Aug 21, 2026 9w ago | Insider Cluster | $22.72 | awaiting T+60 | — | $23.81 (+4.80%) |
Aug 17, 2026 10w ago | Insider Cluster | $22.36 | awaiting T+60 | — | $23.81 (−6.48%) |
Aug 10, 2026 11w ago | Press Release | $22.71 | awaiting T+60 | — | $23.81 (+4.84%) |
Aug 10, 2026 11w ago | Press Release | $22.71 | awaiting T+60 | — | $23.81 (−4.84%) |
Aug 6, 2026 11w ago | Press Release | $17.00 | awaiting T+60 | — | $23.81 (+40.06%) |
Jun 23, 2026 17w ago | 8-K | $16.89 $27.45 | ▲ +62.52% | ▲ +59.68% | $23.81 (+40.97%) |
May 21, 2026 22w ago | Insider Cluster | $16.50 $22.36 | ▲ +35.52% | ▲ +31.21% | $23.81 (+44.30%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers