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EquipmentShare Reports Third Quarter 2026 Results with Accelerated Organic Growth and Margin Expansion

EQPT
  • EquipmentShare reported third-quarter 2026 total revenue of $1,468 million, a 55% year-over-year increase.
  • Rental segment revenue grew 49% year-over-year to $1,113 million, driven by 32% growth in original equipment cost (OEC).
  • Net income for the quarter was $20 million, compared to $6 million in the same period in 2025.
  • Adjusted net income reached $46 million, a significant rise from $6 million in the third quarter of 2025.
  • Rental segment adjusted EBITDA increased 52% year-over-year to $491 million, with margins expanding to 44%.
  • Mature rental locations achieved a 54% adjusted EBITDA margin on a trailing twelve-month basis.
  • Equipment sales revenue surged 76% to $294 million, largely due to increased placements in the OWN Program.
  • The company opened 18 new operational locations during the quarter, bringing the total to 448.
  • OEC under management grew to $10,663 million, comprising owned fleet, OWN Program fleet, and operating leases.
  • Net leverage decreased to 3.4x as of September 30, 2026, from 3.7x the prior year.
  • Total available liquidity stood at $2,298 million, including $359 million in cash.
  • The company updated its full-year 2026 outlook, projecting total revenue between $5,808 million and $6,045 million.
  • EquipmentShare anticipates reaching 262 mature rental sites by the end of 2026.
  • Adjusted core EBITDA for the quarter was $594 million, up 40% from the previous year.
  • Net rental equipment capital expenditures for the quarter were $590 million.
Company
EquipmentShare.com Inc
Keywords
Nasdaq:EQPT, EquipmentShare.com Inc, EQPT, earnings, earnings reports, financials