Filing Flows › Team (TISI) › Q2 2026 › vs Q2 2025
Team (TISI) Q2 2026 vs Q2 2025 (year over year)
Team's revenue fell $19.3M (-8%) from $248M in Q2 2025 to $229M in Q2 2026. The biggest changes: Repair and Maintenance Services −$12.8M (-12%); Heat-Treating −$7.7M (-35%); Non-Destructive Evaluation and Testing Services +$1.3M (+1%).
Team, Q2 2026: revenue $229M (-8% year over year), operating margin 1.0%, net loss $6.8M, operating cash flow $680K. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Non-Destructive Evaluation and Testing Services | $114M | $113M | $1.3M | +1% |
| Repair and Maintenance Services | $96.5M | $109M | −$12.8M | -12% |
| Heat-Treating | $14.3M | $22.1M | −$7.7M | -35% |
| Other | $3.6M | $3.7M | −$104K | -3% |
| Revenue | $229M | $248M | −$19.3M | -8% |
| Income tax benefit | $102K | −$983K | $1.1M | — |
| Net loss | $6.8M | $4.3M | $2.5M | +60% |
| Costs & expenses | $236M | $252M | −$16.7M | -7% |
| Operating costs | $227M | $236M | −$9.4M | -4% |
| Interest & other, net | $9.1M | $15.4M | −$6.3M | -41% |
| Cost of revenue | $174M | $180M | −$5.7M | -3% |
| SG&A | $46.8M | $50.6M | −$3.8M | -8% |
| Other operating costs | $5.5M | $5.4M | $57K | +1% |
| Operating cash sources | $8.8M | $8.9M | −$115K | -1% |
| Depreciation & amortization | $8.5M | $8.5M | −$61K | -0.7% |
| Share-based compensation | $312K | $366K | −$54K | -15% |
| Net loss absorbed | $6.8M | $4.3M | $2.5M | +60% |
| Working capital & other | $1.3M | $8.0M | −$6.7M | -84% |
| Operating cash flow | $680K | −$3.3M | $4.0M | — |
| Capital expenditures | $4.0M | $3.3M | $730K | +22% |
| Negative free cash flow (OCF − capex) | $3.3M | $6.6M | −$3.3M | -50% |
Questions
How much did Team's revenue grow year over year in Q2 2026?
Team's revenue fell $19.3M (-8%) from $248M in Q2 2025 to $229M in Q2 2026.
What drove Team's revenue change in Q2 2026?
Repair and Maintenance Services −$12.8M (-12%); Heat-Treating −$7.7M (-35%); Non-Destructive Evaluation and Testing Services +$1.3M (+1%).