Filing Flows › Team (TISI) › Q2 2026
Team (TISI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Team (TISI) reported revenue of $229M for the second quarter 2026 (Q2 2026), -8% from a year earlier and +6% from the quarter before. Operating margin was 1.0%, net loss $6.8M (3.0% of revenue).
Team, Q2 2026: revenue $229M (-8% year over year), operating margin 1.0%, net loss $6.8M, operating cash flow $680K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $229M | +6% | -8% |
| Operating profit | $2.2M | — | -82% |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | $680K | — | — |
What changed
Revenue was $228.7M in Q2 2026, down 8% year over year and up 6% from the previous quarter. Non-Destructive Evaluation and Testing Services was the largest line at 50% of revenue. Repair and Maintenance Services lost $12.8M year over year (down 12%), 66% of the total change.
Gross margin was 23.8%, down 3.7 points from Q2 2025. Operating profit was $2.2M, a 1.0% margin (down 3.9 points year over year). Operating expenses fell 7% while revenue fell 8%. The quarter ended with a net loss of $6.8M, narrower than the previous quarter's $11.3M loss. Net interest and other expense of $9.1M was the main reason.
Operating cash flow was $680K. Non-cash charges added back $8.5M of depreciation and amortization and $312K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Team's revenue in the second quarter 2026?
Team (TISI) reported revenue of $229M for the second quarter 2026 (Q2 2026), -8% from a year earlier and +6% from the quarter before.
Was Team profitable in the second quarter 2026?
Operating profit was $2.2M (1.0% of revenue) and net loss $6.8M.
Source: Team 10-Q on SEC EDGAR.