Team widens Q2 FY26 net loss to $6.8 million; revenue drops 7.8% to $228.7 million - TISI News | RalliesTeam widens Q2 FY26 net loss to $6.8 million; revenue drops 7.8% to $228.7 million
T
TISI• Quarterly results
- Team Inc. posted Q2 net loss of USD 6.8 million, widening from the year-ago period; revenue fell 7.8% to USD 228.7 million.
- Gross margin dropped to USD 54.4 million; operating income slid to USD 2.2 million as turnaround and maintenance activity was deferred.
- Non-GAAP adjusted EBITDA fell 47.76% to USD 12.8 million, while non-GAAP adjusted SG&A declined 4.5% to USD 44.7 million.
Liquidity, debt and outlook
- Liquidity totaled USD 51.2 million at June 30; total debt rose to USD 326.3 million, lifting non-GAAP net debt to USD 300.3 million.
- Kept 2026 outlook for revenue of USD 920 million-USD 945 million, gross margin of USD 240 million-USD 260 million, adjusted EBITDA of USD 68 million-USD 73 million.
ETR
•
