Filing Flows › Team (TISI) › Q1 2026
Team (TISI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Team (TISI) reported revenue of $215M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -4% from the quarter before. Operating margin was -1.6%, net loss $11.3M (5.3% of revenue).
Team, Q1 2026: revenue $215M (+8% year over year), operating margin -1.6%, net loss $11.3M, operating cash flow −$9.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | -4% | +8% |
| Operating profit | −$3.4M | -151% | — |
| Net earnings | −$11.3M | — | — |
| Operating cash flow | −$9.1M | -154% | — |
What changed
Revenue was $215.1M in Q1 2026, up 8% year over year and down 4% from the previous quarter. Non-Destructive Evaluation and Testing Services was the largest line at 48% of revenue. Non-Destructive Evaluation and Testing Services added $9.4M year over year (up 10%), 58% of the total change.
Gross margin was 23.3%, down 0.5 points from Q1 2025. Operating costs exceeded revenue by $3.4M, an operating margin of -1.6%. Operating expenses grew 0% against revenue growth of 8%. The quarter ended with a net loss of $11.3M, wider than the previous quarter's $3.8M loss. Net interest and other expense of $8.0M was the main reason.
Operating cash flow was −$9.1M. Non-cash charges added back $8.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $7.2M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$11.8M.
Questions
What was Team's revenue in the first quarter 2026?
Team (TISI) reported revenue of $215M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -4% from the quarter before.
Was Team profitable in the first quarter 2026?
Operating loss was $3.4M (-1.6% of revenue) and net loss $11.3M.
Source: Team 10-Q on SEC EDGAR.