TEAM (TISI) Company Report

Team (TISI) reported strong Q3 2025 financial results, with revenue growing almost 7% year-over-year and adjusted EBITDA increasing by 28.6%, leading to an adjusted EBITDA margin of 6.5%.
The company significantly strengthened its balance sheet in September 2025 by completing a $75 million private placement of preferred stock with Stellux Capital Management, which helped pay down approximately $67 million of debt.
For the first nine months of 2025, Team achieved almost $33 million in additional year-over-year revenue and a 12% improvement in adjusted EBITDA.
Team expects full-year 2025 revenue growth of approximately 5% and adjusted EBITDA growth of approximately 13%, with continued top-line growth and improved adjusted EBITDA anticipated for Q4 2025.

Nov 13, 2025, 4:00 PM

TEAM Inc. Reports Q3 2025 Results with Revenue and Adjusted EBITDA Growth

TISI

Earnings

Guidance Update

Convertible Preferred Issuance

TEAM Inc. reported revenue of $225.0 million in Q3 2025, representing a 6.7% increase over the third quarter of 2024.
Consolidated Adjusted EBITDA grew by 28.6% to $14.5 million in Q3 2025, compared to $11.3 million in the prior year quarter.
The company reported a net loss of $11.4 million for Q3 2025, resulting in a loss of $2.68 per share.
In September 2025, TEAM Inc. completed a private placement of preferred stock, generating $75.0 million in proceeds which contributed to a reduction in total debt from $325.1 million at fiscal year-end 2024 to $302.8 million as of September 30, 2025.
For the full year 2025, the company anticipates a year-over-year increase in revenue of approximately 5% and in Adjusted EBITDA of approximately 13%.

Nov 12, 2025, 9:48 PM

Team, Inc. Reports Third Quarter 2025 Results

TISI

Earnings

Revenue Acceleration/Inflection

Convertible Preferred Issuance

Team, Inc. reported revenue of $225.0 million for the third quarter ended September 30, 2025, marking a 6.7% increase over the third quarter of 2024.
Consolidated Adjusted EBITDA for the third quarter of 2025 increased by 28.6% to $14.5 million, up from $11.3 million in the prior year period.
The company recorded a net loss of $11.4 million for the third quarter ended September 30, 2025.
In September 2025, Team, Inc. completed a private placement of preferred stock, generating $75.0 million in proceeds, which materially reduced debt and enhanced financial flexibility.
For the full year, the company anticipates a year-over-year increase in revenue of approximately 5% and in Adjusted EBITDA of approximately 13%.

Nov 12, 2025, 9:45 PM

Team, Inc. Closes $75 Million Private Placement and Amends Credit Facilities

TISI

Debt Issuance

Convertible Preferred Issuance

Board Change

Team, Inc. successfully closed a private placement of preferred stock and warrants with affiliates of Stellex Capital Management LLC, generating $75 million in proceeds.
The transaction immediately reduced the company's debt by approximately $67 million and materially strengthens its balance sheet.
Team, Inc. also amended its existing ABL Credit Facility, increasing the commitment amount by $20 million and extending its maturity to October 2028, and amended its First Lien Term Loan Facility, both reducing applicable margins.
The agreement includes a delayed draw option, allowing Team, Inc. to issue up to an additional $30 million in preferred stock and warrants over the next 24 months.