Team, Inc.

Team, Inc. reported FY 2025 revenues of $896.5 million, a 5.2% increase from $852.3 million in FY 2024. Despite revenue growth, the company incurred a net loss of $49.2 million, widening from a $38.3 million loss in the prior year. Operating income was $14.1 million, up from $10.1 million, but was offset by significant interest expense of $44.7 million and a $13.1 million loss on debt extinguishment. The company generated negative operating cash flow of $11.3 million, primarily due to net loss and changes in working capital. Key forward-looking items include significant debt obligations, reliance on cash flows to meet debt service, and strategic initiatives to improve margins and cash flow.

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