---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-25-000020"
form_type: "8-K/A"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T11:07:31.431026+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Team Inc Q4 net loss narrows to $7.2M; Adj EBITDA +50.5% to $14.6M

## Summary
- Q4 revenue $213.3M (flat YoY); gross margin 26.9% (+330 bps); net loss $7.2M vs $23.1M loss in Q4 2023.
- Q4 Adjusted EBITDA $14.6M (6.9% of rev), up 50.5% YoY; operating cash flow $21.6M, FCF $19.6M.
- Full year 2024 rev $852.3M (-1.2%); net loss $38.3M ($8.64/sh) vs $75.7M in 2023; Adj EBITDA $54.3M (+27.7%).
- Guides mid-single-digit rev growth 2025, ≥15% Adj EBITDA growth, targeting 10%+ margin; $10M+ cost savings.
- Closed March 2025 refinancing extending maturities to 2030, lowering blended rate by >100 bps.

## SEC filing metadata
- accession: 0000318833-25-000020
- form_type: 8-K/A
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01, 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883325000020/0000318833-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883325000020/tisi-20250319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-25-000020
- JSON: https://secwatch.observer/filing/0000318833-25-000020.json
- Plain text: https://secwatch.observer/filing/0000318833-25-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.