The revenue miss and reliance on non-cash gains for profitability warrant caution. Monitor the company's ability to convert its $30M LOI pipeline into closed acquisitions and track operating cash flow improvement. The strong Adjusted EBITDA growth and cash position provide a buffer, but execution risk remains high for this recently public roll-up.
Price Chart
Executive Summary
Teamshares reported Q2 2026 revenue of $148.7M, missing consensus of $152.7M by 2.6%, while GAAP diluted EPS of $0.16 beat the -$0.23 estimate due to a $24.9M non-cash fair value gain. Adjusted EBITDA surged 166% YoY to $9.6M and the company reaffirmed its 2026 Pro Forma Adjusted EBITDA guidance of $60M, but operating cash flow remained negative and the revenue miss tempers the headline EPS beat.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $148.7M, up 20% YoY but 2.6% below consensus of $152.7M
- GAAP diluted EPS $0.16 vs consensus -$0.23 (beat driven by $24.9M non-cash fair value gain)
- Adjusted EBITDA $9.6M, up 166% YoY from $3.6M
- Pro Forma Adjusted EBITDA guidance for 2026 reaffirmed at $60M
- Cash and cash equivalents $113.4M post-SPAC merger; operating cash flow -$5.1M in H1 2026
- Closed 2 acquisitions YTD; 10 LOIs representing ~$30M annual EBITDA under letter of intent
Financial Impact
Revenue miss of ~$4M (2.6%) vs consensus; EPS beat of $0.39 per share vs estimate but largely non-cash
Risk Factors
- Revenue miss signals potential slowing organic growth or acquisition integration challenges
- Negative operating cash flow and reliance on debt financing for acquisitions
- Non-cash fair value adjustments distort GAAP profitability; core operations still near breakeven
- High concentration of LOIs that may not close; guidance assumes successful financing and deal execution
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3345239 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $5.58 $5.53 | ▼ −0.90% | ▼ −1.23% | $4.92 (−11.83%) |
Aug 14, 2026 10w ago | 8-K | $9.13 $8.94 | ▼ −2.08% | ▼ −1.61% | $4.92 (−46.11%) |
Aug 14, 2026 10w ago | Press Release | $9.13 $8.94 | ▼ −2.08% | ▼ −1.61% | $4.92 (−46.11%) |
Jul 29, 2026 12w ago | S-1 | $5.39 $5.50 | ▼ −2.04% | ▼ −1.34% | $4.92 (+8.72%) |
Jun 19, 2026 18w ago | Press Release | $11.52 $12.50 | ▲ +8.51% | ▲ +9.96% | $4.92 (−57.29%) |
US Market Status
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