Team Inc. Q1 2025 net loss $29.7M; revenue $198.7M; refinancing completed

TEAM INC

2025-Q1 EPS reported -$6.61 revenue$198,655,000

Revenue of $198.7M, gross margin 23.8%.
Net loss of $29.7M includes $11.9M loss on debt extinguishment from March refinancing.
Adjusted EBITDA of $5.3M (2.7% of revenue); adjusted SG&A improved to 22.7% of revenue.
Refinancing closed March 2025 extended maturities to 2030 and lowered blended rate by over 100 bps.

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