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Teamshares Reports 2Q 2026 Results and Reaffirms 2026 Outlook

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  • Teamshares reported Q2 2026 revenue of $148.7 million, a 20% year-over-year increase of $25.1 million.
  • Net income for the quarter was $9.5 million, representing a $22.4 million year-over-year improvement.
  • Adjusted EBITDA reached $9.6 million, a 166% year-over-year increase of $6.0 million, while Pro Forma Adjusted EBITDA was $9.8 million (up 171%).
  • LTM Pro Forma Adjusted EBITDA as of June 30, 2026, totaled $21.2 million.
  • The company reaffirmed its 2026 guidance for Pro Forma Adjusted EBITDA of $60 million, which includes $40 million from acquired businesses.
  • Approximately $30 million in annual SME EBITDA is under LOI, supporting the $40 million acquisition EBITDA target for 2026.
  • Teamshares has closed two acquisitions year-to-date, generating $2.5 million in net income & $2.6 million in Adjusted EBITDA on an LTM basis.
  • As of August 14, 2026, non-binding LOIs cover 10 businesses expected to generate $30 million in annual EBITDA.
  • SME Segment revenue grew 20% in the quarter & 19% YTD, driven by acquisitions & organic growth of 3.4% (quarter) & 4.2% (YTD).
  • SME Segment EBITDA increased 47% in the quarter & 54% YTD, with organic growth of 0.4% in the quarter & 4.6% YTD.
  • Corporate expenses excluding transaction costs decreased by $0.5 million, demonstrating operating leverage against a 47% rise in SME EBITDA.
  • The Business Combination with Live Oak Acquisition Corp. V provided $132.4 million in gross proceeds to fund growth, pay costs, & reduce debt.
  • Teamshares repaid $33.9 million in debt during Q2 & an additional $20.6 million subsequent to the quarter close.
  • On August 4, 2026, a non-binding term sheet was signed for a senior secured warehouse facility to fund acquisition closings.
  • The company is evaluating term sheets to refinance a significant portion of its existing indebtedness.
  • Teamshares began trading on Nasdaq on June 23, 2026, concurrent with a significant equity raise to accelerate its acquisition strategy.
  • A conference call to discuss results was scheduled for August 14, 2026, at 8:30 a.m. ET.
  • LTM Pro Forma Revenue as of the quarter end was $560.0 million.
  • The company operates subsidiaries with consolidated revenue over $500 million across 40 industries & 30 states as of June 30, 2026.