Filing Flows › Team (TISI) › Q2 2025
Team (TISI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Team (TISI) reported revenue of $248M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +25% from the quarter before. Operating margin was 4.9%, net loss $4.3M (1.7% of revenue).
Team, Q2 2025: revenue $248M (+8% year over year), operating margin 4.9%, net loss $4.3M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $248M | +25% | +8% |
| Operating profit | $12.1M | — | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $248.0M in Q2 2025, up 8% year over year and up 25% from the previous quarter. Repair and Maintenance Services was the largest line at 47% of revenue. Non-Destructive Evaluation and Testing Services added $10.5M year over year (up 12%), 54% of the total change.
Gross margin was 27.5%, down 0.3 points from a year earlier. Operating profit was $12.1M, a 4.9% margin (unchanged year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 5% margin then. Operating expenses grew 7% against revenue growth of 8%. The quarter ended with a net loss of $4.3M, narrower than the previous quarter's $29.7M loss. Net interest and other expense of $15.4M was the main reason.
Operating cash flow was −$3.3M. Non-cash charges added back $8.5M of depreciation and amortization and $366K of share-based compensation. Working capital and other items used $8.0M. Capital expenditures of $3.3M exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Team's revenue in the second quarter 2025?
Team (TISI) reported revenue of $248M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +25% from the quarter before.
Was Team profitable in the second quarter 2025?
Operating profit was $12.1M (4.9% of revenue) and net loss $4.3M.
Source: Team 10-Q on SEC EDGAR.