Filing Flows › EquipmentShare.com (EQPT) › How it makes money
How EquipmentShare.com (EQPT) makes money
EquipmentShare.com (EQPT) made $1.4B of revenue in the second quarter 2026 (Q2 2026), +26% from a year earlier. Equipment rental, parts, supplies and services brought in $903M (62%); Equipment sales brought in $483M (33%); Telematics brought in $34.0M (2%). Of every dollar of revenue, 28¢ was left as gross profit, 6¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Equipment rental, parts, supplies and services | $903M | 62.3% | +19% | +40% |
| ↳ Equipment rental revenue | $722M | 49.8% | +19% | +42% |
| ↳ Delivery and pick-up | $54.0M | 3.7% | +23% | +32% |
| ↳ Services | $53.0M | 3.7% | +15% | +29% |
| ↳ Other equipment rental | $39.0M | 2.7% | +22% | +44% |
| ↳ Equipment parts and supplies sales | $35.0M | 2.4% | +13% | +21% |
| Equipment sales | $483M | 33.3% | +170% | +1% |
| Telematics | $34.0M | 2.3% | +10% | +240% |
| Other | $29.0M | 2.0% | +53% | +142% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $1.4B | 100.0% |
| Cost of revenue | $1.0B | 71.6% |
| Gross profit | $411M | 28.4% |
| Operating expenses | $318M | 21.9% |
| Operating profit | $93.0M | 6.4% |
| Income tax | $14.0M | 1.0% |
| Net earnings | $19.0M | 1.3% |
| Operating cash flow | $58.0M | 4.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $1.4B | +26% |
| Q1 2026 | $989M | +38% |
From EquipmentShare.com's 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does EquipmentShare.com make money?
EquipmentShare.com (EQPT) made $1.4B of revenue in the second quarter 2026 (Q2 2026), +26% from a year earlier. Equipment rental, parts, supplies and services brought in $903M (62%); Equipment sales brought in $483M (33%); Telematics brought in $34.0M (2%). Of every dollar of revenue, 28¢ was left as gross profit, 6¢ was left as operating profit, 1¢ was left as net earnings.
What is EquipmentShare.com's biggest business?
Equipment rental, parts, supplies and services: $903M in the second quarter 2026, 62% of revenue, +40% from a year earlier.
What is EquipmentShare.com's profit margin?
Net earnings were $19.0M, 1.3% of revenue, in the second quarter 2026; the operating margin was 6.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.