Teamshares Q2 Revenue Up 20%, Reaffirms $60M EBITDA Guidance
TMS sits 74% above its 52-week low of $5.04.
Summary
Teamshares reported Q2 revenue of $148.7M, up 20% YoY, with net income of $9.5M and Adjusted EBITDA of $9.6M. The company reaffirmed its 2026 guidance of $60M Pro Forma Adjusted EBITDA and highlighted ~$30M in EBITDA under LOI.
Key Events · Earnings and Guidance · TMS
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Q2 Revenue Up 20%
Revenue of $148.7M, a $25.1M increase year-over-year, driven by acquisitions and 3.4% organic growth.
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Net Income Swings to Profit
Net income of $9.5M, a $22.4M improvement from a $12.9M loss in Q2 2025, including non-cash fair value gains.
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Adjusted EBITDA Up 166%
Adjusted EBITDA of $9.6M, up $6.0M year-over-year; Pro Forma Adjusted EBITDA of $9.8M, up 171%.
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2026 Guidance Reaffirmed
Reaffirmed full-year Pro Forma Adjusted EBITDA guidance of $60M, including $40M from acquisitions.
Analysis · TMS · Trade & Services
Strong Q2 results underscore the scalability of Teamshares' acquisition model. Revenue climbed 20% to $148.7M, and net income swung to a $9.5M profit from a $12.9M loss a year ago. Adjusted EBITDA jumped 166% to $9.6M, and the company reaffirmed its 2026 guidance of $60M in Pro Forma Adjusted EBITDA. The company also disclosed ~$30M in annual EBITDA under non-binding LOIs, providing a pathway to its $40M acquisition target. However, significant debt remains, and growth depends on completing financing transactions.
At the time of this filing, TMS was trading at $8.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $644.5M. The 52-week trading range was $5.04 to $13.20. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.