secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0000318833-25-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc. Q3 revenue up 6.7% to $225M, Adjusted EBITDA rises 28.6%
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- Revenue $225.0M, up 6.7% YoY; gross margin $58.0M, up 8.4%.
- Net loss $11.4M; Adjusted EBITDA $14.5M (6.5% of revenue), up 28.6% from $11.3M.
- Adjusted SG&A improved to 20.8% of revenue from 21.7% in prior-year Q3.
- Closed $75M preferred stock private placement in September, reducing debt and improving financial flexibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000069/0000318833-25-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000069/tisi-20251112.htm
  HTML page:      https://secwatch.observer/filing/0000318833-25-000069

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