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EquipmentShare.com (EQPT) Financials

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$19.38 +0.14 (+0.71%)
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Annual Income Statements for EquipmentShare.com

Annual Income Statements for EquipmentShare.com

This table shows EquipmentShare.com's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-15 -37 3.00
Consolidated Net Income / (Loss)
17 3.00 40
Net Income / (Loss) Continuing Operations
17 3.00 40
Total Pre-Tax Income
21 6.00 54
Total Operating Income
250 218 297
Total Gross Profit
759 946 1,239
Total Revenue
2,557 3,764 4,379
Operating Revenue
2,557 3,764 4,379
Total Cost of Revenue
1,798 2,818 3,140
Operating Cost of Revenue
1,798 2,818 3,140
Total Operating Expenses
509 728 942
Selling, General & Admin Expense
509 728 942
Total Other Income / (Expense), net
-229 -212 -243
Interest Expense
243 261 293
Other Income / (Expense), net
14 49 50
Income Tax Expense
4.00 3.00 14
Preferred Stock Dividends Declared
32 40 37
Basic Earnings per Share
($0.20) ($0.48) $0.01
Weighted Average Basic Shares Outstanding
75M 77M 78M
Diluted Earnings per Share
($0.20) ($0.48) $0.01
Weighted Average Diluted Shares Outstanding
75M 77M 226M
Weighted Average Basic & Diluted Shares Outstanding
- - 266.05M

Quarterly Income Statements for EquipmentShare.com

This table shows EquipmentShare.com's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-60 -41
Consolidated Net Income / (Loss)
-48 -29
Net Income / (Loss) Continuing Operations
-48 -29
Total Pre-Tax Income
-67 -61
Total Operating Income
-10 1.00
Total Gross Profit
200 287
Total Revenue
716 989
Operating Revenue
716 989
Total Cost of Revenue
516 702
Operating Cost of Revenue
516 702
Total Operating Expenses
210 286
Selling, General & Admin Expense
210 286
Total Other Income / (Expense), net
-57 -62
Interest Expense
63 70
Other Income / (Expense), net
6.00 8.00
Income Tax Expense
-19 -32
Preferred Stock Dividends Declared
12 12
Basic Earnings per Share
($0.77) ($0.20)
Weighted Average Basic Shares Outstanding
78M 209M
Diluted Earnings per Share
($0.77) ($0.20)
Weighted Average Diluted Shares Outstanding
78M 287M
Weighted Average Basic & Diluted Shares Outstanding
- 252.38M

Annual Cash Flow Statements for EquipmentShare.com

This table details how cash moves in and out of EquipmentShare.com's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
73 91 -101
Net Cash From Operating Activities
279 282 264
Net Cash From Continuing Operating Activities
279 282 264
Net Income / (Loss) Continuing Operations
17 3.00 40
Consolidated Net Income / (Loss)
17 3.00 40
Depreciation Expense
295 332 365
Amortization Expense
14 20 21
Non-Cash Adjustments To Reconcile Net Income
255 197 -38
Changes in Operating Assets and Liabilities, net
-302 -270 -124
Net Cash From Investing Activities
-614 -419 -980
Net Cash From Continuing Investing Activities
-614 -419 -980
Purchase of Property, Plant & Equipment
-1,123 -1,624 -1,819
Acquisitions
0.00 -9.00 -48
Purchase of Investments
-37 -26 -46
Sale of Property, Plant & Equipment
705 1,425 1,160
Sale and/or Maturity of Investments
27 10 19
Other Investing Activities, net
-186 -195 -246
Net Cash From Financing Activities
408 228 615
Net Cash From Continuing Financing Activities
408 228 615
Repayment of Debt
-1,364 -2,203 -1,689
Payment of Dividends
-5.00 -9.00 -37
Issuance of Debt
1,595 2,436 2,357
Issuance of Preferred Equity
105 0.00 0.00
Issuance of Common Equity
44 0.00 0.00
Other Financing Activities, net
33 4.00 -16
Cash Interest Paid
200 230 272
Cash Income Taxes Paid
1.00 2.00 6.00

Quarterly Cash Flow Statements for EquipmentShare.com

This table details how cash moves in and out of EquipmentShare.com's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
Net Change in Cash & Equivalents
-61 23
Net Cash From Operating Activities
-51 -200
Net Cash From Continuing Operating Activities
-51 -200
Net Income / (Loss) Continuing Operations
-48 -29
Consolidated Net Income / (Loss)
-48 -29
Depreciation Expense
79 104
Amortization Expense
5.00 5.00
Non-Cash Adjustments To Reconcile Net Income
24 35
Changes in Operating Assets and Liabilities, net
-111 -315
Net Cash From Investing Activities
-283 -280
Net Cash From Continuing Investing Activities
-283 -280
Purchase of Property, Plant & Equipment
-303 -337
Acquisitions
-1.00 -7.00
Purchase of Investments
-6.00 -6.00
Sale of Property, Plant & Equipment
75 115
Sale and/or Maturity of Investments
2.00 3.00
Other Investing Activities, net
-50 -48
Net Cash From Financing Activities
273 503
Net Cash From Continuing Financing Activities
273 503
Repayment of Debt
-15 -584
Issuance of Debt
300 381
Issuance of Common Equity
0.00 706
Other Financing Activities, net
-12 0.00
Cash Interest Paid
32 39
Cash Income Taxes Paid
0.00 0.00

Annual Balance Sheets for EquipmentShare.com

This table presents EquipmentShare.com's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets
4,816 5,987
Total Current Assets
1,407 1,730
Cash & Equivalents
407 306
Accounts Receivable
563 748
Inventories, net
331 401
Prepaid Expenses
42 169
Other Current Assets
64 106
Plant, Property, & Equipment, net
339 504
Total Noncurrent Assets
3,070 3,753
Long-Term Investments
54 59
Goodwill
3.00 31
Intangible Assets
92 110
Other Noncurrent Operating Assets
2,921 3,553
Total Liabilities & Shareholders' Equity
4,816 5,987
Total Liabilities
3,943 5,099
Total Current Liabilities
658 880
Short-Term Debt
19 4.00
Accounts Payable
91 95
Accrued Expenses
344 609
Other Current Liabilities
204 172
Total Noncurrent Liabilities
3,285 4,219
Long-Term Debt
2,528 3,268
Noncurrent Deferred & Payable Income Tax Liabilities
31 43
Other Noncurrent Operating Liabilities
726 908
Redeemable Noncontrolling Interest
324 360
Total Equity & Noncontrolling Interests
549 528
Total Preferred & Common Equity
549 528
Preferred Stock
430 430
Total Common Equity
119 98
Common Stock
114 105
Retained Earnings
8.00 0.00
Treasury Stock
-7.00 -7.00
Accumulated Other Comprehensive Income / (Loss)
4.00 0.00

Quarterly Balance Sheets for EquipmentShare.com

This table presents EquipmentShare.com's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2026
Period end date 3/31/2026
Total Assets
6,357
Total Current Assets
1,870
Cash & Equivalents
329
Accounts Receivable
818
Inventories, net
427
Prepaid Expenses
203
Other Current Assets
93
Plant, Property, & Equipment, net
524
Total Noncurrent Assets
3,963
Long-Term Investments
60
Goodwill
30
Intangible Assets
113
Other Noncurrent Operating Assets
3,760
Total Liabilities & Shareholders' Equity
6,357
Total Liabilities
4,785
Total Current Liabilities
758
Short-Term Debt
5.00
Accounts Payable
73
Accrued Expenses
495
Other Current Liabilities
185
Total Noncurrent Liabilities
4,027
Long-Term Debt
3,077
Noncurrent Deferred & Payable Income Tax Liabilities
10
Other Noncurrent Operating Liabilities
940
Redeemable Noncontrolling Interest
371
Total Equity & Noncontrolling Interests
1,201
Total Preferred & Common Equity
1,201
Preferred Stock
0.00
Total Common Equity
1,201
Common Stock
1,238
Retained Earnings
-29
Treasury Stock
-7.00
Accumulated Other Comprehensive Income / (Loss)
-1.00

Annual Metrics And Ratios for EquipmentShare.com

This table displays calculated financial ratios and metrics derived from EquipmentShare.com's official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 0.00
DEI Adjusted Shares Outstanding
0.00 0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 0.00
Growth Metrics
- - -
Profitability Metrics
- - -
Net Operating Profit after Tax (NOPAT)
202 109 220
Return On Investment Capital (ROIC_SIMPLE)
- 3.52% 5.79%
Earnings before Interest and Taxes (EBIT)
264 267 347
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
573 619 733
Valuation Ratios
- - -
Leverage & Solvency
- - -
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 -2,850 -616
Efficiency Ratios
- - -
Capital & Investment Metrics
- - -
Invested Capital
0.00 2,959 3,795
Increase / (Decrease) in Invested Capital
0.00 2,959 836
Book Value per Share
$0.00 $1.55 $1.26
Tangible Book Value per Share
$0.00 $0.31 ($0.55)
Total Capital
0.00 3,420 4,160
Total Debt
0.00 2,547 3,272
Total Long-Term Debt
0.00 2,528 3,268
Net Debt
0.00 2,086 2,907
Capital Expenditures (CapEx)
418 199 659
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 361 548
Debt-free Net Working Capital (DFNWC)
0.00 768 854
Net Working Capital (NWC)
0.00 749 850
Net Nonoperating Expense (NNE)
185 106 180
Net Nonoperating Obligations (NNO)
0.00 2,086 2,907
Total Depreciation and Amortization (D&A)
309 352 386
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.01
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 78M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.01
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 226M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 266.05M
Normalized Net Operating Profit after Tax (NOPAT)
202 109 220
Debt Service Ratios
- - -
Payout Ratios
- - -

Quarterly Metrics And Ratios for EquipmentShare.com

This table displays calculated financial ratios and metrics derived from EquipmentShare.com's official financial filings.

Metric Q1 2025 Q1 2026
Period end date 3/31/2025 3/31/2026
DEI Shares Outstanding
0.00 266,047,147.00
DEI Adjusted Shares Outstanding
0.00 266,047,147.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 -0.15
Growth Metrics
- -
Revenue Growth
0.00% 38.13%
EBITDA Growth
0.00% 47.50%
EBIT Growth
0.00% 325.00%
NOPAT Growth
0.00% 110.00%
Net Income Growth
0.00% 39.58%
EPS Growth
0.00% 74.03%
Operating Cash Flow Growth
0.00% -292.16%
Free Cash Flow Firm Growth
0.00% 0.00%
Invested Capital Growth
0.00% 0.00%
Revenue Q/Q Growth
0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00%
Profitability Metrics
- -
Gross Margin
27.93% 29.02%
EBITDA Margin
11.17% 11.93%
Operating Margin
-1.40% 0.10%
EBIT Margin
-0.56% 0.91%
Profit (Net Income) Margin
-6.70% -2.93%
Tax Burden Percent
71.64% 47.54%
Interest Burden Percent
1,675.00% -677.78%
Effective Tax Rate
0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.15%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -2.05%
Return on Net Nonoperating Assets (RNNOA)
0.00% -3.51%
Return on Equity (ROE)
0.00% -3.36%
Cash Return on Invested Capital (CROIC)
0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 0.67%
Return on Assets (ROA)
0.00% -2.15%
Return on Common Equity (ROCE)
0.00% -2.57%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-7.00 0.70
NOPAT Margin
-0.98% 0.07%
Net Nonoperating Expense Percent (NNEP)
0.00% 2.21%
Return On Investment Capital (ROIC_SIMPLE)
- 0.02%
Cost of Revenue to Revenue
72.07% 70.98%
SG&A Expenses to Revenue
29.33% 28.92%
R&D to Revenue
0.00% 0.00%
Operating Expenses to Revenue
29.33% 28.92%
Earnings before Interest and Taxes (EBIT)
-4.00 9.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
80 118
Valuation Ratios
- -
Price to Book Value (P/BV)
0.00 4.87
Price to Tangible Book Value (P/TBV)
0.00 5.53
Price to Revenue (P/Rev)
0.00 1.26
Price to Earnings (P/E)
0.00 265.74
Dividend Yield
0.00% 0.00%
Earnings Yield
0.00% 0.38%
Enterprise Value to Invested Capital (EV/IC)
0.00 2.09
Enterprise Value to Revenue (EV/Rev)
0.00 1.92
Enterprise Value to EBITDA (EV/EBITDA)
0.00 11.56
Enterprise Value to EBIT (EV/EBIT)
0.00 24.75
Enterprise Value to NOPAT (EV/NOPAT)
0.00 29.42
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 77.48
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00
Leverage & Solvency
- -
Debt to Equity
0.00 1.96
Long-Term Debt to Equity
0.00 1.96
Financial Leverage
0.00 1.71
Leverage Ratio
0.00 4.04
Compound Leverage Factor
0.00 -27.41
Debt to Total Capital
0.00% 66.22%
Short-Term Debt to Total Capital
0.00% 0.11%
Long-Term Debt to Total Capital
0.00% 66.12%
Preferred Equity to Total Capital
0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 7.97%
Common Equity to Total Capital
0.00% 25.81%
Debt to EBITDA
0.00 4.00
Net Debt to EBITDA
0.00 3.49
Long-Term Debt to EBITDA
0.00 3.99
Debt to NOPAT
0.00 10.18
Net Debt to NOPAT
0.00 8.89
Long-Term Debt to NOPAT
0.00 10.16
Altman Z-Score
0.00 1.67
Noncontrolling Interest Sharing Ratio
0.00% 23.60%
Liquidity Ratios
- -
Current Ratio
0.00 2.47
Quick Ratio
0.00 1.51
Cash Flow Metrics
- -
Free Cash Flow to Firm (FCFF)
0.00 -4,264
Operating Cash Flow to CapEx
-22.37% -90.09%
Free Cash Flow to Firm to Interest Expense
0.00 -60.92
Operating Cash Flow to Interest Expense
-0.81 -2.86
Operating Cash Flow Less CapEx to Interest Expense
-4.43 -6.03
Efficiency Ratios
- -
Asset Turnover
0.00 0.73
Accounts Receivable Turnover
0.00 5.69
Inventory Turnover
0.00 7.79
Fixed Asset Turnover
0.00 8.88
Accounts Payable Turnover
0.00 45.56
Days Sales Outstanding (DSO)
0.00 64.18
Days Inventory Outstanding (DIO)
0.00 46.86
Days Payable Outstanding (DPO)
0.00 8.01
Cash Conversion Cycle (CCC)
0.00 103.03
Capital & Investment Metrics
- -
Invested Capital
0.00 4,265
Invested Capital Turnover
0.00 2.18
Increase / (Decrease) in Invested Capital
0.00 4,265
Enterprise Value (EV)
0.00 8,910
Market Capitalization
747 5,846
Book Value per Share
$0.00 $4.51
Tangible Book Value per Share
$0.00 $3.98
Total Capital
0.00 4,654
Total Debt
0.00 3,082
Total Long-Term Debt
0.00 3,077
Net Debt
0.00 2,693
Capital Expenditures (CapEx)
228 222
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 788
Debt-free Net Working Capital (DFNWC)
0.00 1,117
Net Working Capital (NWC)
0.00 1,112
Net Nonoperating Expense (NNE)
41 30
Net Nonoperating Obligations (NNO)
0.00 2,693
Total Depreciation and Amortization (D&A)
84 109
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 16.94%
Debt-free Net Working Capital to Revenue
0.00% 24.01%
Net Working Capital to Revenue
0.00% 23.90%
Earnings Adjustments
- -
Adjusted Basic Earnings per Share
$0.00 ($0.20)
Adjusted Weighted Average Basic Shares Outstanding
0.00 209M
Adjusted Diluted Earnings per Share
$0.00 ($0.20)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 287M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 252.38M
Normalized Net Operating Profit after Tax (NOPAT)
-7.00 0.70
Normalized NOPAT Margin
-0.98% 0.07%
Pre Tax Income Margin
-9.36% -6.17%
Debt Service Ratios
- -
EBIT to Interest Expense
-0.06 0.13
NOPAT to Interest Expense
-0.11 0.01
EBIT Less CapEx to Interest Expense
-3.68 -3.04
NOPAT Less CapEx to Interest Expense
-3.73 -3.16
Payout Ratios
- -
Dividend Payout Ratio
0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

EquipmentShare.com’s Q1 2026 results show a company that is still growing revenue quickly, but remains deeply unprofitable and is consuming cash from operations. The business also leaned on a meaningful capital raise and debt issuance to support its balance sheet and ongoing investments.

  • Revenue grew sharply year over year. Q1 2026 total revenue rose to $989 million from $716 million in Q1 2025, a strong increase of about 38%.
  • Gross profit improved in dollars. Gross profit increased to $287 million from $200 million, showing the company is scaling its top line.
  • Operating income turned slightly positive. Q1 2026 operating income was $1 million versus a $10 million operating loss a year ago.
  • The company generated positive net cash from financing activities. Financing inflows of $503 million helped offset operating and investing cash outflows.
  • Cash on the balance sheet remains substantial. EquipmentShare.com ended the quarter with $329 million in cash and equivalents.
  • Depreciation remains a major non-cash add-back. Depreciation was $104 million, reflecting a capital-intensive business model.
  • Capital spending stayed high. The company spent $337 million on property, plant and equipment, signaling continued investment in fleet and infrastructure.
  • Debt and equity financing both increased the cash cushion. The company issued $381 million of debt and $706 million of common equity, while repaying $584 million of debt.
  • Net income remained negative. Q1 2026 net loss was $29 million, compared with a $48 million loss in Q1 2025.
  • Operating cash flow was strongly negative. Net cash from operating activities was negative $200 million, worse than the negative $51 million in the prior year quarter.
  • Working capital used a lot of cash. Changes in operating assets and liabilities reduced cash by $315 million, a major drag on operating performance.
  • Interest burden is still heavy. Interest expense was $70 million, exceeding operating income and pressuring profitability.
  • Liabilities are large relative to equity. Total liabilities were $4.785 billion versus total equity of $1.201 billion, leaving the balance sheet meaningfully leveraged.

Overall, the quarter points to a business that is growing fast and improving operating margins, but still faces major challenges in cash generation, leverage, and profitability. The jump in revenue and slight move to operating profit are encouraging, but investors will likely want to see operating cash flow improve before the story looks more durable.

07/28/26 09:46 AM ETAI Generated. May Contain Errors.

EquipmentShare.com Financials - Frequently Asked Questions

According to the most recent income statement we have on file, EquipmentShare.com's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

EquipmentShare.com's net income appears to be on an upward trend, with a most recent value of $40 million in 2025, rising from $17 million in 2023. The previous period was $3 million in 2024. Check out EquipmentShare.com's forecast to explore projected trends and price targets.

EquipmentShare.com's total operating income in 2025 was $297 million, based on the following breakdown:
  • Total Gross Profit: $1.24 billion
  • Total Operating Expenses: $942 million

Over the last 2 years, EquipmentShare.com's total revenue changed from $2.56 billion in 2023 to $4.38 billion in 2025, a change of 71.3%.

EquipmentShare.com's total liabilities were at $5.10 billion at the end of 2025, a 29.3% increase from 2024, and a 29.3% increase since 2024.

In the past 1 years, EquipmentShare.com's cash and equivalents has ranged from $306 million in 2025 to $407 million in 2024, and is currently $306 million as of their latest financial filing in 2025.

Over the last 2 years, EquipmentShare.com's book value per share changed from 0.00 in 2023 to 1.26 in 2025, a change of 125.6%.



Financial statements for NASDAQ:EQPT last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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