Filing Flows › Team (TISI) › Q4 2025
Team (TISI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Team (TISI) reported revenue of $225M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -0.1% from the quarter before. Operating margin was 2.9%, net loss $3.8M (1.7% of revenue).
Team, Q4 2025: revenue $225M (+5% year over year), operating margin 2.9%, net loss $3.8M, operating cash flow $16.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | -0.1% | +5% |
| Operating profit | $6.6M | +394% | +201% |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | $16.8M | +332% | -22% |
| Free cash flow | $14.6M | — | -25% |
What changed
Revenue was $224.8M in Q4 2025, up 5% year over year and roughly flat from the previous quarter. Repair and Maintenance Services was the largest line at 51% of revenue.
Gross margin was 25.9%, down 0.9 points from Q4 2024. Operating profit was $6.6M, a 2.9% margin (up 1.9 points year over year). Of the extra revenue versus Q4 2024, 38% reached operating profit, above the 1% margin then. Operating expenses fell 6% while revenue rose 5%. The quarter ended with a net loss of $3.8M, narrower than the previous quarter's $11.4M loss. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was $16.8M (down 22% year over year). Non-cash charges added back $8.4M of depreciation and amortization and $130K of share-based compensation. Working capital and other items added $12.0M. After capital expenditures ($2.1M), free cash flow as the company reports it was $14.6M.
Questions
What was Team's revenue in the fourth quarter 2025?
Team (TISI) reported revenue of $225M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -0.1% from the quarter before.
Was Team profitable in the fourth quarter 2025?
Operating profit was $6.6M (2.9% of revenue) and net loss $3.8M.
Source: Team 10-K on SEC EDGAR.