Filing Flows › EquipmentShare.com (EQPT) › Q1 2026
EquipmentShare.com (EQPT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
EquipmentShare.com (EQPT) reported revenue of $989M for the first quarter 2026 (Q1 2026), +38% from a year earlier. Operating margin was 0.1%, net loss $29.0M (2.9% of revenue).
EquipmentShare.com, Q1 2026: revenue $989M (+38% year over year), operating margin 0.1%, net loss $29.0M, operating cash flow −$200M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $989M | — | +38% |
| Operating profit | $1.0M | — | — |
| Net earnings | −$29.0M | — | — |
| Operating cash flow | −$200M | — | — |
What changed
Revenue was $989.0M in Q1 2026, up 38% year over year. Equipment rental revenue was the largest line at 61% of revenue. Equipment rental revenue added $168.0M year over year (up 38%), 62% of the total change.
Gross margin was 29.0%, up 1.1 points from a year earlier. Operating profit was $1.0M, a 0.1% margin (up 1.5 points year over year). Operating expenses grew 36% against revenue growth of 38%. The quarter ended with a net loss of $29.0M. Net interest and other expense of $62.0M was the main reason.
Operating cash flow was −$200.0M. Non-cash charges added back $104.0M of depreciation and amortization and $19.0M of share-based compensation. Working capital and other items used $294.0M. Capital expenditures of $328.0M exceeded it, leaving free cash flow of −$528.0M.
Questions
What was EquipmentShare.com's revenue in the first quarter 2026?
EquipmentShare.com (EQPT) reported revenue of $989M for the first quarter 2026 (Q1 2026), +38% from a year earlier.
Was EquipmentShare.com profitable in the first quarter 2026?
Operating profit was $1.0M (0.1% of revenue) and net loss $29.0M.
Source: EquipmentShare.com 10-Q on SEC EDGAR.