Filing Flows › EquipmentShare.com (EQPT) › Q2 2026 › vs Q2 2025
EquipmentShare.com (EQPT) Q2 2026 vs Q2 2025 (year over year)
EquipmentShare.com's revenue rose $302M (+26%) from $1.1B in Q2 2025 to $1.4B in Q2 2026. The biggest changes: Equipment rental, parts, supplies and services +$256M (+40%); Telematics +$24.0M (+240%); Other +$17.0M (+142%). Gross margin 28.4% against 25.5% (+2.8 pts).
EquipmentShare.com, Q2 2026: revenue $1.4B (+26% year over year), operating margin 6.4%, net earnings $19.0M, operating cash flow $58.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 28.4% | 25.5% | +2.8 pts |
| Operating margin | 6.4% | 5.6% | +0.8 pts |
| Net margin | 1.3% | 1.4% | -0.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Equipment rental revenue | $722M | $509M | $213M | +42% |
| Delivery and pick-up | $54.0M | $41.0M | $13.0M | +32% |
| Services | $53.0M | $41.0M | $12.0M | +29% |
| Other equipment rental | $39.0M | $27.0M | $12.0M | +44% |
| Equipment parts and supplies sales | $35.0M | $29.0M | $6.0M | +21% |
| Equipment rental, parts, supplies and services | $903M | $647M | $256M | +40% |
| Equipment sales | $483M | $478M | $5.0M | +1% |
| Telematics | $34.0M | $10.0M | $24.0M | +240% |
| Other | $29.0M | $12.0M | $17.0M | +142% |
| Revenue | $1.4B | $1.1B | $302M | +26% |
| Gross profit | $411M | $293M | $118M | +40% |
| Cost of revenue | $1.0B | $854M | $184M | +22% |
| Operating profit | $93.0M | $64.0M | $29.0M | +45% |
| Operating expenses | $318M | $229M | $89.0M | +39% |
| Pre-tax earnings | $33.0M | $3.0M | $30.0M | 11× |
| Other expense, net | $60.0M | $61.0M | −$1.0M | -2% |
| Net earnings | $19.0M | $16.0M | $3.0M | +19% |
| Income tax | $14.0M | −$13.0M | $27.0M | — |
| Operating cash sources | $157M | $105M | $52.0M | +50% |
| Depreciation & amortization | $112M | $88.0M | $24.0M | +27% |
| Share-based compensation | $26.0M | $1.0M | $25.0M | 26× |
| Working capital & other | $99.0M | $181M | −$82.0M | -45% |
| Operating cash flow | $58.0M | −$76.0M | $134M | — |
| Capital expenditures | $689M | $506M | $183M | +36% |
| Negative free cash flow (OCF − capex) | $631M | $582M | $49.0M | +8% |
Questions
How much did EquipmentShare.com's revenue grow year over year in Q2 2026?
EquipmentShare.com's revenue rose $302M (+26%) from $1.1B in Q2 2025 to $1.4B in Q2 2026.
What drove EquipmentShare.com's revenue change in Q2 2026?
Equipment rental, parts, supplies and services +$256M (+40%); Telematics +$24.0M (+240%); Other +$17.0M (+142%).