secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2026-08-10T21:30:16+00:00
Accession:  0000318833-26-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc Q2 revenue falls to $228.7M; net loss widens; FY26 guidance implies growth
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- Revenue $228.7M, down 8% YoY from $248.0M; gross margin $54.4M vs $68.1M.
- Net loss $6.8M vs $4.3M loss a year ago; Adjusted EBITDA $12.8M (5.6% of rev) vs $24.5M (9.9%).
- Adjusted SG&A cut $2.1M (4.5%) to $44.7M; company sets structural cost reduction targets.
- FY2026 guidance: midpoint revenue +4%, gross margin +8%, Adjusted EBITDA +16% vs 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883326000053/0000318833-26-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883326000053/tisi-20260810.htm
  HTML page:      https://secwatch.observer/filing/0000318833-26-000053

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