EquipmentShare.com Inc
Business
EquipmentShare is a vertically integrated equipment rental platform serving the construction industry across 45 U.S. states through 352 full-service branches, 9 dealership sites, and 24 building materials retail locations. The company operates a proprietary cloud-based T3 platform combining embedded telematics, fleet management software, and real-time data integration; generates revenue from equipment rentals, equipment sales, parts and supplies, SaaS telematics subscriptions, and building materials retail. Core segments include equipment rental and related services focused on industrial and non-residential construction; equipment sales through dealerships and branches; and platform services including T3 software subscriptions and jobsite support.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Total revenues | 4,379 | 3,764 | 2,557 | |
| Direct operating costs | 799 | 663 | 546 | |
| OWN Program payouts ($40, $74, and $56, respectively, to related parties) | 714 | 420 | 209 | |
| Equipment sales | 1,237 | 1,400 | 728 | |
| Platform expense | 68 | 30 | 29 | |
| Depreciation and amortization | 322 | 305 | 286 | |
| Total cost of revenues | 3,140 | 2,818 | 1,798 | |
| Gross profit | 1,239 | 946 | 759 | |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 942 | 728 | 509 | |
| Operating income | 297 | 218 | 250 | |
| Gain on sale of properties and other assets | 1 | 20 | 10 | |
| Loss on debt extinguishment | −8 | 0 | −30 | |
| Interest expense | −285 | −261 | −213 | |
| Other income, net ($9 and $6 from related parties in 2025 and 2024, respectively) | 49 | 29 | 4 | |
| Total other expense, net | −243 | −212 | −229 | |
| INCOME BEFORE INCOME TAXES | 54 | 6 | 21 | |
| Provision for income taxes | 14 | 3 | 4 | |
| Net income | 40 | 3 | 17 | |
| Less: Deemed dividends on perpetual preferred stock | −37 | −40 | −32 | |
| Net income (loss) attributable to common shareholders | 3 | −37 | −15 | |
| Weighted-average number of common shares outstanding, basic (in shares) | 78 | 77 | 75 | |
| Weighted-average number of common shares outstanding, diluted (in shares) | 226 | 77 | 75 | |
| Net loss per common share, basic (in dollars per share) | 0.01 | −0.48 | −0.2 | |
| Net loss per common share, diluted (in dollars per share) | 0.01 | −0.48 | −0.2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 306 | 407 | — | — | |
| Accounts receivable, net ($20 and $36, respectively, due from related parties) | 748 | 563 | — | — | |
| Inventories | 401 | 331 | — | — | |
| Prepaid costs | 169 | 42 | — | — | |
| Other current assets | 106 | 64 | — | — | |
| Total current assets | 1,730 | 1,407 | — | — | |
| Rental equipment, net | 2,834 | 2,335 | — | — | |
| Property and other fixed assets, net | 504 | 339 | — | — | |
| Capitalized software, net | 110 | 92 | — | — | |
| Right of use assets, operating | 676 | 569 | — | — | |
| Investments in non-consolidated affiliates | 59 | 54 | 44 | 48 | |
| Intangible assets, net | 31 | 3 | — | — | |
| Other assets | 43 | 17 | — | — | |
| Total assets | 5,987 | 4,816 | — | — | |
| Accounts payable ($0.3 and $1, respectively, due to related parties) | 95 | 91 | — | — | |
| Accrued liabilities ($4 due to related parties in 2024) | 609 | 344 | — | — | |
| Manufacturer flooring plans payable | 74 | 108 | — | — | |
| Current portion of long-term debt | 4 | 19 | — | — | |
| Current portion of operating lease liabilities | 69 | 59 | — | — | |
| Current portion of finance lease liabilities | 19 | 17 | — | — | |
| Current portion of financing obligations | 10 | 20 | — | — | |
| Total current liabilities | 880 | 658 | — | — | |
| Long-term debt, net of current portion, original issue discounts, and debt issuance costs | 3,268 | 2,528 | — | — | |
| Operating lease liabilities, net of current portion ($5 and $25, respectively, due to related parties) | 655 | 555 | — | — | |
| Finance lease liabilities, net of current portion ($28 and $29, respectively, due to related parties) | 169 | 71 | — | — | |
| Financing obligations, net of current portion | 83 | 99 | — | — | |
| Deferred tax liabilities, net | 43 | 31 | — | — | |
| Other liabilities | 1 | 1 | — | — | |
| Total liabilities | 5,099 | 3,943 | — | — | |
| Perpetual preferred stock, net - $0.00000125 par value, 15 shares authorized, 14 and 14 shares issued and outstanding at December 31, 2025 and 2024, respectively | 360 | 324 | 284 | 151 | |
| Common stock - $0.00000125 par value, 273 shares authorized, 79 and 78 shares issued and outstanding at December 31, 2025 and 2024, respectively | 0 | 0 | — | — | |
| Convertible preferred stock, net - $0.00000125 par value, 149 shares authorized, 142 and 142 shares issued and outstanding at December 31, 2025 and 2024, respectively | 430 | 430 | — | — | |
| Treasury stock, at cost, 5 and 5 shares at December 31, 2025 and 2024, respectively | −7 | −7 | — | — | |
| Additional paid-in-capital | 105 | 114 | — | — | |
| Retained earnings | 0 | 8 | — | — | |
| Accumulated other comprehensive income | 0 | 4 | — | — | |
| Total equity | 528 | 549 | 588 | 556 | |
| Total liabilities, perpetual preferred stock, and equity | 5,987 | 4,816 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization expense | 365 | 332 | 295 | |
| Gain on sale of properties and other assets | −1 | −20 | −10 | |
| Amortization of debt issuance costs and original issue discounts | 21 | 20 | 14 | |
| Allowance for credit losses and doubtful accounts | 28 | 24 | 10 | |
| Change in operating lease cost | 115 | 153 | 151 | |
| Stock-based compensation expense | 4 | 4 | 3 | |
| Deferred taxes | 12 | 0 | 4 | |
| Other | −18 | −1 | 1 | |
| Accounts receivable | −206 | −135 | −84 | |
| Inventories | −50 | −92 | −114 | |
| Prepaid costs and other assets | −146 | −37 | −2 | |
| Accounts payable and manufacturer flooring plans payable | −58 | 37 | 70 | |
| Accrued liabilities | 266 | 125 | 38 | |
| Operating lease liabilities | −116 | −131 | −143 | |
| Other liabilities | 0 | 0 | −1 | |
| Net cash provided by operating activities | 264 | 282 | 279 | |
| Purchases of rental equipment ($27 and $133 from related parties in 2025 and 2024, respectively) | −1,780 | −1,586 | −1,098 | |
| Proceeds from sale of rental equipment ($55, $202, and $62, respectively, from related parties) | 1,160 | 1,323 | 647 | |
| Purchases of and deposits on property and other fixed assets | −248 | −195 | −186 | |
| Proceeds from sale of property and other fixed assets | 2 | 102 | 58 | |
| Investments in internally developed software | −39 | −38 | −25 | |
| Purchases of investments in equity and debt securities | −46 | −26 | −37 | |
| Proceeds from sale of investments in equity and debt securities | 19 | 10 | 27 | |
| Acquisition of businesses, net of cash acquired | −48 | −6 | 0 | |
| Net cash outflow from deconsolidation of subsidiary | 0 | −3 | 0 | |
| Net cash used in investing activities | −980 | −419 | −614 | |
| Payments on long-term debt and finance leases | −1,679 | −2,195 | −1,338 | |
| Proceeds from long-term debt, net | 2,357 | 2,436 | 1,595 | |
| Payments on deferred financing costs | −3 | −6 | −6 | |
| Payments on financing obligations | −19 | −67 | −24 | |
| Proceeds on financing obligations | 1 | 68 | 55 | |
| Proceeds from issuance of perpetual preferred stock, net | 0 | 0 | 103 | |
| Proceeds from issuance of convertible preferred stock, net | 0 | 0 | 2 | |
| Proceeds from issuance of common stock | 0 | 0 | 44 | |
| Dividends paid on perpetual preferred stock | −37 | −9 | −5 | |
| Exercise of stock options | 2 | 3 | 2 | |
| Lease termination and debt redemption prepayment fees | 0 | −2 | −20 | |
| Other | −7 | 0 | 0 | |
| Net cash provided by financing activities | 615 | 228 | 408 | |
| Net (decrease) increase in cash and cash equivalents | −101 | 91 | 73 | |
| Cash paid for interest | 272 | 230 | 200 | |
| Cash paid for taxes | 6 | 2 | 1 | |
| Purchase of rental equipment with long-term debt | 0 | 6 | 17 | |
| Purchase of rental equipment remaining in accounts payable | 14 | 4 | 12 | |
| Purchase of property and other fixed assets remaining in accounts payable | 5 | 9 | 17 | |
| Equity issued in exchange for acquisition of business and other assets | 10 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is EquipmentShare.com Inc's CIK number?
EquipmentShare.com Inc's SEC CIK number is 0001693736 (1693736). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EquipmentShare.com Inc's SEC filings?
All of EquipmentShare.com Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EquipmentShare.com Inc last report earnings?
EquipmentShare.com Inc (EQPT) most recently filed an earnings 8-K with the SEC on Jul 10, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001693736-26-000013). This is EquipmentShare.com Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is EquipmentShare.com Inc's most recent earnings 8-K?
EquipmentShare.com Inc's latest earnings 8-K (Item 2.02) was filed Jul 10, 2026 under accession 0001693736-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View EquipmentShare.com Inc's latest earnings 8-K →
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