TEAMSHARES INC C/WTS 18/06/2031(TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 148.66 M

Revenue: As of FY2026 Q2, the actual value is USD 148.66 M.

EPS: As of FY2026 Q2, the actual value is USD 0.16.

EBIT: As of FY2026 Q2, the actual value is USD 13.16 M.

Second Quarter 2026 Financial Highlights (Three Months Ended June 30, 2026 vs. June 30, 2025)

Revenue

Teamshares Inc. reported revenue of $148,660 thousand, an increase of $25,086 thousand (20%) compared to $123,574 thousand in the prior year period.

Net Income

Net income was $9,526 thousand, a $22,380 thousand increase from a net loss of - $12,854 thousand in the same period last year, representing a -174% change.

Gross Profit

Gross profit increased by $12,342 thousand (25%) to $61,418 thousand, up from $49,076 thousand in the prior year.

Operating Expenses

Total operating expenses were $58,422 thousand, an increase of $4,545 thousand (8%) from $53,877 thousand in the prior year.

Income from Operations

Income from operations was $2,996 thousand, a significant improvement from a loss of - $4,801 thousand in the prior year, marking a $7,797 thousand (-162%) change.

Adjusted EBITDA

Adjusted EBITDA for the quarter was $9,595 thousand, up from $3,610 thousand in the prior year.

Pro Forma Adjusted EBITDA

Pro Forma Adjusted EBITDA was $9,772 thousand, compared to $3,610 thousand in the prior year.

SME Segment Performance

SME Segment Revenue increased by $25,086 thousand (20%), driven by acquisitions and organic growth of 3.4% from existing operating subsidiaries. SME Segment EBITDA increased by $6,395 thousand (47%) to $20,064 thousand, primarily due to acquisitions, with organic growth from existing operating subsidiaries at 0.4%.

Year-to-Date 2026 Financial Highlights (Six Months Ended June 30, 2026 vs. June 30, 2025)

Revenue

Revenue for the six months ended June 30, 2026, was $269,699 thousand, an increase of $43,582 thousand (19%) from $226,118 thousand in the prior year period.

Net Income (Loss)

Net loss for the period was - $13,251 thousand, an improvement of $20,992 thousand (-61%) from a net loss of - $34,243 thousand in the prior year.

Adjusted EBITDA

Adjusted EBITDA was $7,941 thousand, compared to - $195 thousand in the prior year period.

Pro Forma Adjusted EBITDA

Pro Forma Adjusted EBITDA was $8,536 thousand, compared to - $127 thousand in the prior year period.

SME Segment Performance

SME Segment Revenue increased by $43,582 thousand (19%), primarily driven by acquisitions and organic growth of 4.2% from existing operating subsidiaries. SME Segment EBITDA increased by $10,192 thousand (54%) to $29,193 thousand, mainly due to acquisitions, with organic growth from existing operating subsidiaries at 4.6%.

Cash Flow from Operating Activities

Net cash used in operating activities was - $5,068 thousand, an improvement from - $27,563 thousand in the prior year period.

Free Cash Flow

Free cash flow was - $8,737 thousand, an improvement from - $30,823 thousand in the prior year period.

Other Key Metrics

LTM Pro Forma Adjusted EBITDA

LTM Pro Forma Adjusted EBITDA as of quarter end was $21,162 thousand.

LTM Pro Forma Revenue

LTM Pro Forma Revenue as of quarter end was $559,994 thousand.

Acquisitions

Teamshares Inc. closed two acquisitions year-to-date, which collectively generated approximately $2.5 million of net income and $2.6 million of Adjusted EBITDA in the LTM period preceding their closings. The company has executed non-binding letters of intent (LOIs) to acquire 10 businesses, expected to generate approximately $30 million in annual EBITDA.

Debt Repayments

During the second quarter, Teamshares Inc. repaid $33.9 million in outstanding debt obligations, and an additional $20.6 million subsequent to the quarter close, further deleveraging the company.

2026 Outlook

Teamshares Inc. is reaffirming its 2026 full-year guidance for Pro Forma Adjusted EBITDA of $60 million, which includes $40 million in annual Adjusted EBITDA from business acquisitions. This guidance is contingent on the successful and timely completion of transactions that provide additional capital to finance the expected level of acquisitions.