TEAM, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $896.5M | $852.3M | $862.6M | $840.2M | $794.2M | $852.5M | $1.16B | $1.25B |
| Cost of Revenue | $664.8M | $629.1M | $651.5M | $638.6M | $616.5M | $613.8M | $835.6M | $918.7M |
| Gross Profit | $231.7M | $223.2M | $211.2M | $201.6M | $177.7M | $238.7M | $327.7M | $328.3M |
| Gross Margin | 25.8% | 26.2% | 24.5% | 24.0% | 22.4% | 28.0% | 28.2% | 26.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $217.6M | $213.0M | $224.4M | $241.4M | $246.2M | $260.9M | $328.2M | $360.7M |
| Operating Income | $14.1M | $10.1M | $-13.3M | $-39.8M | $-126.9M | $-217.4M | $-2.1M | $-39.0M |
| Operating Margin | 1.6% | 1.2% | -1.5% | -4.7% | -16.0% | -25.5% | -0.2% | -3.1% |
| Interest Expense | — | — | $55.2M | $85.1M | $46.1M | $29.8M | $29.7M | $30.9M |
| Pretax Income | $-46.6M | $-35.0M | $-71.1M | $-146.8M | $-176.1M | $-251.9M | $-32.9M | $-94.2M |
| Income Tax Expense | $2.6M | $3.3M | $4.6M | $3.3M | $8.8M | $-14.7M | $-436.0K | $-31.1M |
| Net Income | $-49.2M | $-38.3M | $-75.7M | $70.1M | $-186.0M | $-237.2M | $-32.4M | $-63.1M |
| Net Margin | -5.5% | -4.5% | -8.8% | 8.3% | -23.4% | -27.8% | -2.8% | -5.1% |
| EPS (Basic) | $-11.70 | $-8.64 | $-17.32 | $16.73 | $-60.05 | $-7.74 | $-1.07 | $-2.10 |
| EPS (Diluted) | $-11.70 | $-8.64 | $-17.32 | $16.73 | $-60.05 | $-7.74 | $-1.07 | $-2.10 |
| Shares Outstanding (Basic) | 4.5M | 4.4M | 4.4M | 4.2M | 3.1M | 30.6M | 30.3M | 30.0M |
| Shares Outstanding (Diluted) | 4.5M | 4.4M | 4.4M | 4.2M | 3.1M | 30.6M | 30.3M | 30.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |