May. 13 at 8:15 PM
$EQPT
🚨🚨🚨
Q1 2026 total revenue
$989M, up 38% year over year
Q1 Rental Segment revenue
$764M, up 37% year over year
Q1 Adjusted Core EBITDA
$399M, up 38%; TTM
$1,776M, up 35%
TTM net income
$58M versus $(5)M a year earlier
Mature rental locations TTM adjusted EBITDA margin 55%
Net leverage reduced to 2.8x from 3.2x year over year
Raised 2026 guidance for total revenue and Adjusted Core EBITDA
Q1 2026 GAAP net loss of
$29M despite higher revenue
Equipment Sales TTM revenue
$1,575M, down 5% year over year
Q1 OWN Program payouts
$217M, up 41% year over year
New market startup costs TTM increased to
$246M from
$212M
