EquipmentShare Q2 revenue up 26% to $1.45B; rental segment +39% YoY

EquipmentShare.com Inc

Q2 total revenue $1,449M, up 26% YoY; TTM revenue $4,952M, up 18% YoY.
Rental segment revenue $908M, up 39% YoY; TTM $3,189M, up 37%; 23 new locations opened (430 total).
Net income $19M (+19% YoY); Adjusted Net Income $43M (+169%); Adjusted Core EBITDA $531M (+34%).
Mature rental locations TTM adjusted EBITDA margin 55%; T3 customers spend ~6x more.
Q2 Equipment Sales $483M (+1% YoY); OWN Program Payouts $234M (+35%); OEC $9,851M (+34%).

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