Team (TISI) Q4 2025 earnings summary

Executive summary

• Delivered strong operational and financial results for Q4 and full year 2025, with revenue, margins, and adjusted EBITDA improving year-over-year.

• Fourth quarter 2025 revenue rose 5.4% year-over-year to $224.8 million, with gross margin at $58.3 million.

• Net loss for Q4 improved to $3.8 million, a $3.4 million reduction from the prior year.

• Leadership transition with a new CEO focused on accelerating growth, efficiency, and cost reduction.

• Emphasis on expanding wallet share with existing customers and targeting growth in aerospace and midstream markets.

Financial highlights

• Q4 revenue increased by $11.5 million (5.4%) year-over-year, with Mechanical Services up 8.9% and Inspection and Heat Treating up 1.9%.

• Q4 operating income rose $4.4 million to $6.6 million year-over-year.

• Q4 adjusted EBITDA grew by nearly $2 million to $16.4 million (7.3% of revenue), up 12.1% year-over-year.

• Full year 2025 revenue up 5.2% to $896.5 million; Inspection and Heat Treating up 7.5%, Mechanical Services up 2.8%.

• Full year adjusted EBITDA reached $60.7 million (up 11.9%), with margin at 6.8%.

Outlook and guidance

• Expectation to continue top-line and adjusted EBITDA growth into 2026.

• No formal 2026 guidance provided due to CEO transition; a more detailed update will follow after the next fiscal quarter.