EquipmentShare.com(NASDAQ) EQPT

EquipmentShare.com Inc. helps builders rent heavy construction machinery. Its software tracks tools and people on busy work sites. This technology makes jobsites safer and much more productive.

What Is in the Fleet?

• Equipment Rental: Rental of machinery including boom lifts and earthmovers; accounted for 56% of revenue for the three months ended June 30, 2026.
• Equipment Sales: Sales of new and used machinery to contractors and investors; accounted for 33% of revenue for the three months ended June 30, 2026.
• Parts and Maintenance: Replacement components and repair services for heavy equipment; accounted for 6% of revenue for the three months ended June 30, 2026.
• T3 Technology: Telematics software and hardware that connect equipment to the cloud; accounted for 4% of revenue for the three months ended June 30, 2026.

Building a National Footprint

• Opened 67 new full-service rental branches between June 2025 and June 2026.
• Purchased a controlling interest in The Morey Corporation in September 2025 to expand electronic manufacturing.
• Increased the original cost of managed equipment to $9.9 billion as of June 30, 2026.
• Approved a program to repurchase up to $500 million in stock on July 9, 2026.

Connecting the Jobsite

The company uses its proprietary T3 platform to turn standard construction machinery into data-connected assets. This digital-first approach allows it to manage a fleet of over 280,000 units while providing real-time tracking for customers.

Tracking the Numbers

• Total revenue was $1.45 billion for the three months ended June 30, 2026, up 26% year over year.
• Net income reached $19 million for the three months ended June 30, 2026, up from $16 million year over year.
• Non-GAAP EBITDA hit $245 million for the three months ended June 30, 2026, up from $161 million year over year.
• The company reported $443 million in cash and cash equivalents as of June 30, 2026.

Bottom Line

EquipmentShare has transformed from a traditional rental business into a technology provider that integrates software with heavy machinery. Its rapid physical expansion and digital platform have established a new model for managing large-scale construction fleets.