---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-25-000036"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:48:25.317132+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000318833-25-000036
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883325000036/0000318833-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883325000036/tisi-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-25-000036
- JSON: https://secwatch.observer/filing/0000318833-25-000036.json
- Plain text: https://secwatch.observer/filing/0000318833-25-000036.txt

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