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EquipmentShare.com (EQPT) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · EquipmentShare.com (EQPT) Q2 2026 earnings results →

Q2 2026 Revenue up 26% year over year to $1.4B · 1¢ of every $1 of revenue kept as net profit · operating margin 6.4%

EquipmentShare.com made $1.4B in Q2 2026 (+26% Y/Y): Equipment rental, parts, supplies and services $903M, Equipment sales $483M, Telematics $34.0M. Operating margin 6.4%, net earnings $19.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$1.4B

Year over year+26%

Operating margin6.4%

Net earnings$19.0M

Operating cash flow$58.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.4B in Q2 2026, up 26% year over year and up 47% from the previous quarter. Equipment rental revenue was the largest line at 50% of revenue. Equipment rental revenue added $0.21B year over year (up 42%), 71% of the total change.

Gross margin was 28.4%, up 2.8 points from a year earlier. Operating profit was $0.09B, a 6.4% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 6% margin then. Operating expenses grew 39% against revenue growth of 26%. Net earnings were $0.02B, up 19% year over year. The effective tax rate was 42.4%.

Operating cash flow was $0.06B, 305% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.69B exceeded it, leaving free cash flow of −$0.63B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q2 2026	10-Q	Aug 13, 2026	$1.4B	+26%	6.4%	$19.0M	$58.0M
Q1 2026	10-Q	May 14, 2026	$989M	+38%	0.1%	−$29.0M	−$200M

Charts

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q2 2026): Net income $19.0M, Operating cash flow $58.0M.

+0.4% since FY2023: more shares outstanding (issuance, stock pay); earlier years scaled for the 3-for-1 split before FY2025.

Cash $306M, short-term investments —, long-term debt $3.3B at 2025-12-31.

Services-Equipment Rental & Leasing, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.