Filing Flows › Team (TISI) › Q1 2025
Team (TISI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Team (TISI) reported revenue of $199M for the first quarter 2025 (Q1 2025), -0.5% from a year earlier and -7% from the quarter before. Operating margin was -3.0%, net loss $29.7M (15.0% of revenue).
Team, Q1 2025: revenue $199M (-0.5% year over year), operating margin -3.0%, net loss $29.7M, operating cash flow −$28.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | -7% | -0.5% |
| Operating profit | −$6.0M | -372% | — |
| Net earnings | −$29.7M | — | — |
| Operating cash flow | −$28.7M | -233% | — |
What changed
Revenue was $198.7M in Q1 2025, roughly flat year over year and down 7% from the previous quarter. Repair and Maintenance Services was the largest line at 46% of revenue. Repair and Maintenance Services lost $7.7M year over year (down 8%), 817% of the total change.
Gross margin was 23.8%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $6.0M, an operating margin of -3.0%. Operating expenses fell 3% while revenue was flat. The quarter ended with a net loss of $29.7M, wider than the previous quarter's $7.2M loss. Net interest and other expense of $23.5M was the main reason.
Operating cash flow was −$28.7M. Non-cash charges added back $8.4M of depreciation and amortization. Working capital and other items used $7.3M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$30.8M.
Questions
What was Team's revenue in the first quarter 2025?
Team (TISI) reported revenue of $199M for the first quarter 2025 (Q1 2025), -0.5% from a year earlier and -7% from the quarter before.
Was Team profitable in the first quarter 2025?
Operating loss was $6.0M (-3.0% of revenue) and net loss $29.7M.
Source: Team 10-Q on SEC EDGAR.