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EquipmentShare.com (EQPT) investor relations material
EquipmentShare.com Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates a vertically integrated, tech-enabled equipment rental platform serving the U.S. construction industry, leveraging proprietary T3 software and a nationwide branch network.
Business model centers on equipment rental, sales, and technology, with expansion into site solutions, financial products, and software.
Growth is driven by a three-part flywheel: T3 technology, organic site expansion, and the capital-light OWN Program for fleet growth.
As of September 30, 2025, operates 342 full-service rental locations, 9 dealerships, and 22 building materials stores across 45 states.
T3 platform integrates hardware, software, and data, providing real-time jobsite visibility and management for both customers and internal operations.
Financial performance and metrics
Revenue grew from $1.7B in 2022 to $3.8B in 2024, a two-year CAGR of 47%.
Net income for 2024 was $2.4M, down from $17.4M in 2023 and $49.6M in 2022, reflecting significant investment in expansion.
Equipment Rental Segment Adjusted EBITDA margins for all sites were 41.8% in 2024, 46.3% in 2023, and 40.1% in 2022.
As of September 30, 2025, managed $8.1B in original equipment cost (OEC) and had 235,044 units in the rental fleet.
Net cash provided by operating activities was $281.3M in 2024, with net rental equipment capital expenditures of $262.9M.
Use of proceeds and capital allocation
Net proceeds from the IPO will be used for general corporate purposes, with management retaining broad discretion over allocation.
No proceeds will be received from shares sold by selling shareholders.
Company intends to retain future earnings to fund business development and expansion; no dividends planned for common shareholders.
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