Filing Flows › Team (TISI) › Q3 2025
Team (TISI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Team (TISI) reported revenue of $225M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -9% from the quarter before. Operating margin was 0.6%, net loss $11.4M (5.1% of revenue).
Team, Q3 2025: revenue $225M (+7% year over year), operating margin 0.6%, net loss $11.4M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | -9% | +7% |
| Operating profit | $1.3M | -89% | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | $3.9M | — | -31% |
| Free cash flow | $1.0M | — | -73% |
What changed
Revenue was $225.0M in Q3 2025, up 7% year over year and down 9% from the previous quarter. Repair and Maintenance Services was the largest line at 46% of revenue. Other added $8.2M year over year (up 101%), 58% of the total change. Heat-Treating declined 14%.
Gross margin was 25.8%, up 0.4 points from a year earlier. Operating profit was $1.3M, a 0.6% margin (down 0.9 points year over year). Operating profit fell $1.8M even though revenue rose $14.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 7%. The quarter ended with a net loss of $11.4M, wider than the previous quarter's $4.3M loss. Net interest and other expense of $11.8M was the main reason.
Operating cash flow was $3.9M (down 31% year over year). Non-cash charges added back $8.7M of depreciation and amortization and $352K of share-based compensation. Working capital and other items added $6.2M. After capital expenditures ($2.8M), free cash flow as the company reports it was $1.0M.
Questions
What was Team's revenue in the third quarter 2025?
Team (TISI) reported revenue of $225M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -9% from the quarter before.
Was Team profitable in the third quarter 2025?
Operating profit was $1.3M (0.6% of revenue) and net loss $11.4M.
Source: Team 10-Q on SEC EDGAR.