secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000318833-25-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000036/0000318833-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000036/tisi-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000318833-25-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer