TISI on NYSE

TEAM INC

American miscellaneous repair services company based in Sugar Land2

In its 2026 annual report the company says: “We are a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services.”5 Its shares trade on NYSE under the symbol TISI.2

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Last updated Oct 21, 2026.

Overview

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  • TickerTISI on NYSE2
  • IndustryServices-Miscellaneous Repair Services2
  • HeadquartersSugar Land, United States2
  • Incorporated inDE3
  • Business address13131 Dairy Ashford, Suite 600, Sugar Land, Tx 774783
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300DEKHQ3OEQJWU962
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 21167782

Introduction. Unless otherwise indicated, the terms “Team,” “the Company,” “we,” “our” and “us” are used in this report to refer to either Team, Inc., to one or more of our consolidated subsidiaries, or to all of them taken as a whole. Our stock is traded on the NYSE under the symbol “TISI”.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.8%Gross margin6
1.6%Operating margin6
-5.5%Net margin6
5.2%Revenue growth, 20256
-$20.6MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Repair and Maintenance Services brought in 48% of the revenue TEAM INC broke down this way in fiscal 2025.

  1. Repair and Maintenance Services$427.1M648%up 2% from 2024
  2. Non Destructive Evaluation And Testing Services$359.0M640%up 7% from 2024
  3. Heat Treating$68.9M68%up 0% from 2024
  4. Other Services$41.5M65%up 43% from 2024
Products and services by year
Products and services20242025
Repair and Maintenance Services$417.9M$427.1M
Non Destructive Evaluation And Testing Services$336.6M$359.0M
Heat Treating$68.8M$68.9M
Other Services$29.0M$41.5M

Business segments

Inspection and Heat Treating brought in 51% of the revenue TEAM INC broke down this way in fiscal 2025.

  1. Inspection and Heat Treating$458.9M651%up 8% from 2024
  2. Mechanical Services$437.6M649%up 3% from 2024
Business segments by year
Business segments20242025
Inspection and Heat Treating$426.7M$458.9M
Mechanical Services$425.6M$437.6M

Regions

United States brought in 66% of the revenue TEAM INC broke down this way in fiscal 2025.

  1. United States$680.7M666%up 7% from 2024
  2. Countries Other Than the United States and Canada$139.0M613%down 6% from 2024
  3. Other Foreign Countries$139.0M613%down 6% from 2024
  4. CA [member]$76.8M67%up 15% from 2024
Regions by year
Regions20242025
United States$637.7M$680.7M
Countries Other Than the United States and Canada$147.7M$139.0M
Other Foreign Countries$147.7M$139.0M
CA [member]$66.9M$76.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue74¢$664.8M
  • Selling, general and admin24¢$217.6M
  • Other costs1¢$11.5M
  • Income tax0¢$2.6M

Out of $896.5M in revenue.6 The company lost money this year.

Financial statements

Revenue789106$896.5M in 2025−23% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $852.5M$852.5M2020−27%2021: $794.2M$794.2M2021−7%2022: $840.2M$840.2M2022+6%2023: $862.6M$862.6M2023+3%2024: $852.3M$852.3M2024−1%2025: $896.5M$896.5M2025+5%
Gross profit789106$231.7M in 2025−29% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $327.7M$327.7M20192020: $238.7M$238.7M2020−27%2021: $177.7M$177.7M2021−26%2022: $201.6M$201.6M2022+13%2023: $211.2M$211.2M2023+5%2024: $223.2M$223.2M2024+6%2025: $231.7M$231.7M2025+4%
Operating income789106$14.1M in 2025
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$2.1M-$2.1M20192020: -$217.4M-$217.4M2020+10029%2021: -$126.9M-$126.9M2021−42%2022: -$39.8M-$39.8M2022−69%2023: -$13.3M-$13.3M2023−67%2024: $10.1M$10.1M20242025: $14.1M$14.1M2025+39%
Net income789106-$49.2M in 2025+52% since 2019
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$32.4M-$32.4M20192020: -$237.2M-$237.2M2020+632%2021: -$186.0M-$186.0M2021−22%2022: $70.1M$70.1M20222023: -$75.7M-$75.7M20232024: -$38.3M-$38.3M2024−49%2025: -$49.2M-$49.2M2025+29%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenues$896.5M$852.3M
Operating expenses$664.8M$629.1M
Gross margin$231.7M$223.2M
Selling, general and administrative expenses$217.6M$213.0M
Operating income$14.1M$10.1M
Interest expense, net-$44.7M-$47.8M
Loss on debt extinguishment-$13.1M$0
Other income (expense), net-$2.9M$2.7M
Loss before income taxes-$46.6M-$35.0M
Provision for income taxes (see Note 10)-$2.6M-$3.3M
Net loss-$49.2M-$38.3M
Dividend and accretion to redemption value on redeemable preferred stock-$3.5M$0
Net loss attributable to common shareholders, basic-$52.7M-$38.3M
Net loss attributable to common shareholders, diluted-$52.7M-$38.3M
Basic (in usd per share)-$11.70-$8.64
Diluted (in usd per share)-$11.70-$8.64
Basic (in shares)4.5M shares4.4M shares
Diluted (in shares)4.5M shares4.4M shares

Compare TEAM INC with another company

Corporate structure

TEAM INC sits at the top of its group. 61 entities, 18 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TEAM INC

  • TEAM INC Sugar Land, Texas, United States
    • Advanced Integrity Solutions, Inc. Subsidiary · Texas, United States
    • Aggressive Equipment Company, LLC Subsidiary · Delaware, United States
    • DK Valve & Supply, LLC Subsidiary · California, United States
    • Furmanite (Malaysia) Sdn. Bhd. Subsidiary · Malaysia
    • Furmanite 1986 Subsidiary · United Kingdom
    • Furmanite America, LLC Subsidiary · Virginia, United States
    • Furmanite Aruba II, N.V. Subsidiary · Aruba
    • Furmanite Australia Pty. Ltd. Subsidiary · Australia
    • Furmanite B.V. Subsidiary · Netherlands
    • Furmanite Germany, LLC Subsidiary · Delaware, United States
    • Furmanite GSG BVBA Subsidiary · Belgium
    • Furmanite Holding B.V. Subsidiary · Netherlands
    • Furmanite International Finance Limited Subsidiary · United Kingdom
    • Furmanite Kazakhstan LLP Subsidiary · Kazakhstan
    • Furmanite Louisiana, LLC Subsidiary · Delaware, United States
    • Furmanite Middle East S.P.C. Subsidiary · Bahrain
    • Furmanite NZ Limited Subsidiary · New Zealand
    • Furmanite Offshore Services, Inc. Subsidiary · Delaware, United States
    • Furmanite West Africa Ltd. Subsidiary · Nigeria
    • Furmanite Worldwide, LLC Subsidiary · Delaware, United States
    • Global Ascent, LLC Subsidiary · California, United States
    • Kaneb Financial, LLC Subsidiary · Delaware, United States
    • Quality Inspection Services B.V. Subsidiary · Netherlands
    • Quality Inspection Services BVBA Subsidiary · Belgium
    • Qualspec LLC Subsidiary · Delaware, United States
    • and 35 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TEAM INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$21.1M6 Dec 31, 2025$19.0M6 Dec 31, 2024+11.1%
Finance-lease assets$8.2M6 Dec 31, 2025$4.5M6 Dec 31, 2024+81.7%
Operating-lease assets (leased space)$49.8M6 Dec 31, 2025$40.4M6 Dec 31, 2024+23.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.1M6 Dec 31, 2025$35.5M6 Dec 31, 2024−49.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$184.8M6 Dec 31, 2025$184.7M6 Dec 31, 20240%
Accumulated amortization$147.0M6 Dec 31, 2025$134.5M6 Dec 31, 2024+9.3%
Finite-lived intangibles, net$37.8M6 Dec 31, 2025$50.2M6 Dec 31, 2024−24.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$41.4M6 Dec 31, 2025$37.9M6 Dec 31, 2024+9.3%
Raw materials$9.8M6 Dec 31, 2025$9.1M6 Dec 31, 2024+7.5%
Work in process$3.6M6 Dec 31, 2025$2.3M6 Dec 31, 2024+58.8%
Finished goods$28.0M6 Dec 31, 2025$26.5M6 Dec 31, 2024+5.6%

Properties, in its own words

We provide our services globally through 139 locations in 13 countries. There are several materially important physical properties used in our operations. We own a facility in Alvin, Texas that consists of our primary training facility, equipment center and International Organization for Standardization-9001 certified manufacturing facility for clamps, enclosures, and sealants. Additionally, we operate two manufacturing facilities in Houston, Texas (one of which is owned and the other is leased), which are included in our MS segment. Further, we lease office space for our corporate headquarters in Sugar Land, Texas. Additional district service locations considered materially important in our IHT and MS segments are as follows: we lease facilities in Mobile, Alabama; Benicia, California; Harbor City, California; Hammond, Indiana; Columbus, Ohio; Pasadena, Texas (two locations); and Edmonton, Alberta, Canada. We own a facility in Pasadena, Texas and three facilities in the United Kingdom in Kendal, Carlisle and Scunthorpe.

We believe that our property and equipment are adequate for our current needs, although additional investments are expected to be made for expansion of property and equipment and replacement of assets at the end of their useful lives.

Item 2 of the 10-K filed Mar 12, 2026.5

Leadership

Who has led TEAM INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (36)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Advanced Integrity Solutions, Inc. Texas4
  • Aggressive Equipment Company, LLC Delaware4
  • DK Valve & Supply, LLC California4
  • Furmanite (Malaysia) Sdn. Bhd. Malaysia4
  • Furmanite 1986 United Kingdom4
  • Furmanite America, LLC Virginia4
  • Furmanite Aruba II, N.V. Aruba4
  • Furmanite Australia Pty. Ltd. Australia4
  • Furmanite B.V. Netherlands4
  • Furmanite GSG BVBA Belgium4
  • Furmanite Germany, LLC Delaware4
  • Furmanite GmbH Germany4
  • Furmanite Holding B.V. Netherlands4
  • Furmanite International Finance Limited United Kingdom4
  • Furmanite Kazakhstan LLP Kazakhstan4
  • Furmanite Limited United Kingdom4
  • Furmanite Louisiana, LLC Delaware4
  • Furmanite Malaysia LLC Delaware4
  • Furmanite Middle East S.P.C. Bahrain4
  • Furmanite NZ Limited New Zealand4
  • Furmanite Offshore Services, Inc. Delaware4
  • Furmanite West Africa Ltd. Nigeria4
  • Furmanite Worldwide, LLC Delaware4
  • Furmanite, LLC Delaware4
All 65 listed subsidiaries
  • Global Ascent, LLC California4
  • Kaneb Financial, LLC Delaware4
  • Quality Inspection Services B.V. Netherlands4
  • Quality Inspection Services BVBA Belgium4
  • Qualspec LLC Delaware4
  • Quantapoint, LLC Delaware4
  • Rocket Acquisition, LLC Delaware4
  • Self Leveling Machines, LLC Texas4
  • Specialty Industrial Services Sdn. Bhd. Malaysia SLMM PTE Ltd. Singapore Team LATAM Industrial Services, S. de R.L. de C.V. Mexico Mexico TISI (Guyana) Inc. Guyana Malaysia4
  • TCI Services Holdings, LLC Delaware4
  • TCI Services, LLC Oklahoma4
  • TIS UK Limited Limited United Kingdom4
  • TISI (Guyana) Inc. Guyana4
  • TISI Canada Inc. Canada4
  • TISI Pipelines, Inc. Delaware4
  • TISI do Brasil-Servicos Industriais Ltda. Brazil4
  • Tank Consultants Mechanical Services, LLC Oklahoma4
  • Tank Consultants, LLC Oklahoma4
  • Team Industrial Services (UK) Holding Limited United Kingdom4
  • Team Industrial Services (UK) Limited United Kingdom4
  • Team Industrial Services Asia Private Ltd. Singapore4
  • Team Industrial Services Belgium BVBA Belgium4
  • Team Industrial Services Europe B.V. Netherlands4
  • Team Industrial Services France SAS France4
  • Team Industrial Services Inspection Limited United Kingdom4
  • Team Industrial Services International, Inc. Delaware4
  • Team Industrial Services Netherlands B.V. Netherlands4
  • Team Industrial Services, Inc. Texas4
  • Team LATAM Industrial Services, S. de R.L. de C.V. Mexico Mexico4
  • Team Mexico Holdings, LLC Texas4
  • Team Middle East FZ LLC United Arab Emirates4
  • Team Qualspec, LLC Delaware4
  • Team Technical School, LLC Texas4
  • Team Valve Repair Services B.V. Netherlands4
  • Team Valve and Rotating Services Limited United Kingdom4
  • Team, Inc. Delaware4
  • Teaminc Europe B.V. Netherlands4
  • Threshold Inspection & Application Training Europe B.V. Netherlands4
  • Xanser Investment, LLC Delaware4
  • Xanser Services, LLC Delaware4
  • Xtria, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 6, 20268-K Executive or director change69
  2. Aug 11, 20268-K Entered a material agreement; Regulation FD disclosure70
  3. Aug 10, 20268-K Results of operations71
  4. Jul 10, 20268-K Executive or director change72
  5. Jun 23, 20268-K Executive or director change73
  6. May 20, 20268-K Executive or director change; Shareholder vote74
  7. May 13, 20268-K Results of operations75
  8. Mar 12, 20268-K Results of operations76
  9. Feb 10, 2026New chief executive Gary L. Hill becomes CEO14
  10. Feb 9, 20268-K Executive or director change77
  11. Jan 26, 20268-K Executive or director change; Regulation FD disclosure78
  12. Nov 12, 20258-K Results of operations79
  13. Oct 27, 20258-K Executive or director change; Regulation FD disclosure; Other events80
  14. Jun 22, 2022New chief executive Keith D. Tucker becomes CEO15
  15. Jan 24, 2018New chief executive Amerino Gatti becomes CEO16
  16. Sep 20, 2017New chief executive Gary G. Yesavage becomes CEO17
  17. Jul 20, 2015New chief executive Declan G. Rushe becomes CEO19
  18. Feb 12, 2015New chief executive Ted W. Owen becomes CEO18
  19. Jan 18, 2006New chief executive Philip J. Hawk becomes CEO20
  20. Feb 4, 1987Founded TEAM INC is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202681

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results71
  2. May 13, 2026Reported quarterly or annual results75
  3. Mar 12, 2026Reported quarterly or annual results76
  4. Nov 12, 2025Reported quarterly or annual results79
  5. Aug 12, 2025Reported quarterly or annual results82
  6. May 12, 2025Reported quarterly or annual results83
  7. Mar 20, 2025Reported quarterly or annual results84
  8. Mar 19, 2025Reported quarterly or annual results85

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

301 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 80 major events, 135 insider forms, 27 large holders, 38 other. The latest 20:

  1. Oct 8, 20263 EDGAR
  2. Oct 6, 20268-K EDGAR
  3. Oct 5, 20264 EDGAR
  4. Sep 8, 20264 EDGAR
  5. Aug 25, 20264 EDGAR
  6. Aug 25, 20264 EDGAR
  7. Aug 21, 20264 EDGAR
  8. Aug 19, 20264 EDGAR
  9. Aug 17, 20264 EDGAR
  10. Aug 11, 20268-K EDGAR
  11. Aug 10, 2026SCHEDULE 13D EDGAR
  12. Aug 10, 20264 EDGAR
  13. Aug 10, 20263 EDGAR
  14. Aug 10, 2026SCHEDULE 13D/A EDGAR
  15. Aug 10, 20264 EDGAR
  16. Aug 10, 202610-Q EDGAR
  17. Aug 10, 20268-K EDGAR
  18. Jul 10, 20268-K EDGAR
  19. Jul 1, 20263 EDGAR
  20. Jun 23, 20268-K EDGAR

The 301 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

75 open-market trades by officers, directors and large owners since October 2021: 70 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Roeder Clinton WilliamChief Financial OfficerBuy8,000$27.59$220.7KForm 4
Aug 24, 2026Horton Anthony RDirectorBuy2,000$22.90$45.8KForm 4
Aug 21, 2026Roeder Clinton WilliamChief Financial OfficerBuy9,000$22.89$206.0KForm 4
Aug 21, 2026Horton Anthony RDirectorBuy2,000$23.15$46.3KForm 4
Aug 18, 2026Horton Anthony RDirectorBuy2,000$22.71$45.4KForm 4
Aug 17, 2026Lederman Evan S.DirectorBuy500$23.00$11.5KForm 4
Aug 13, 2026McGinnis Pamela J.DirectorBuy2,000$22.90$45.8KForm 4
Aug 6, 2026Stewart Michael DavidDirectorBuy1,604,326Form 4
Aug 6, 2026CORRE HORIZON FUND, LP10% ownerSale1,604,326$35.50$57.0MForm 4
Jun 1, 2026Hill Gary L.Chief Executive OfficerBuy6,250$16.00$100.0KForm 4
May 20, 2026Hill Gary L.Chief Executive OfficerBuy5,800$16.22$94.1KForm 4
May 18, 2026Lederman Evan S.DirectorBuy600$16.31$9.8KForm 4
Mar 30, 2026Lederman Evan S.DirectorBuy1,000$16.19$16.2KForm 4
Mar 30, 2026Horton Anthony RDirectorBuy3,000$16.19$48.6KForm 4
Mar 24, 2026Stenger Edward J.DirectorBuy3,583$16.31$58.4KForm 4
Mar 23, 2026Stenger Edward J.DirectorBuy1,417$15.21$21.6KForm 4
Mar 20, 2026Horton Anthony RDirectorBuy10,000$14.44$144.4KForm 4
Dec 8, 2025Corre Opportunities Qualified Master Fund, LP10% ownerBuy1,076$15.13$16.3KForm 4
Dec 5, 2025Corre Opportunities Qualified Master Fund, LP10% ownerBuy1,320$14.78$19.5KForm 4
Dec 4, 2025Corre Opportunities Qualified Master Fund, LP10% ownerBuy600$14.81$8.9KForm 4

All 75 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Keith D. Tucker$750.0K$1.3M99
2025James C. Webster56$285.5K$911.6K99
2025Nelson M. Haight61$483.0K$823.9K99
2024Former ChiefExecutive Officer$750.0K$1.7M99
2024Executive VicePresident and Chief Financial Officer$467.8K$986.2K99

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 27. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Corre Partners Management, LLC1,604,326$27.7M7.3%No change
Barclays PLC333,881$5.8M0.0%+9,935
22nw, LP170,187$2.9M2.8%No change
Vanguard Capital Management LLC141,380$2.4M0.0%+4,284
IES Holdings, Inc.75,002$1.3M0.4%No change
BlackRock, Inc.57,918$1.0M0.0%+2,599
Geode Capital Management, LLC47,760$825.6K0.0%−747
Renaissance Technologies LLC34,451$595.3K0.0%+3,000
Vanguard Fiduciary Trust Co25,954$448.5K0.0%+183
Manatuck Hill Partners, LLC19,911$344.1K0.1%−7,620
State Street Corp18,711$323.3K0.0%No change
Susquehanna International Group, Llp16,823$290.7K0.0%−13,202
Dimensional Fund Advisors LP15,311$264.6K0.0%+359
Cerity Partners LLC14,890$257.3K0.0%No change
Citadel Advisors LLC10,784$186.3K0.0%New
Vanguard Global Advisers, LLC2,683$46.4K0.0%No change
Morgan Stanley2,150$37.2K0.0%No change
NewEdge Advisors, LLC466$8.1K0.0%New
Bnp Paribas Financial Markets382$6.6K0.0%No change
Winch Advisory Services, LLC140$2.4K0.0%No change
UBS Group AG61$1.1K0.0%+60
Fmr LLC31$5360.0%New
Jpmorgan Chase & Co11$1850.0%No change
Gsa Capital Partners Llp10,282$1780.0%−1,313
Wells Fargo & Company/mn4$690.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How TEAM INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTEAM INC1
  • CIK0000318833
  • Employer ID (EIN)74-17657295
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7600 Services-Miscellaneous Repair Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address13131 Dairy Ashford, Suite 600, Sugar Land, TX 774781
  • Phone28133161541
  • Shares outstanding4,583,209 as of Aug 6, 202612
  • Public float$41.1M as of Jun 30, 20255
  • AuditorKPMG LLP, Houston, Texas PCAOB ID 185; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceFeb 14, 19951
  • Filings1,493 in all: 4 (654), 8-K (271), 10-Q (95), SC 13G/A (77), 3 (48), DEF 14A (33), SC 13G (31), 4/A (30)1
    All 52 form types

    11-K (29), 10-K (26), 8-K/A (23), S-8 (22), SC 13D/A (20), UPLOAD (16), CORRESP (15), 425 (11), PRE 14A (8), SD (8), DEFA14A (7), ARS (6), 10-K405 (5), 10-Q/A (5), EFFECT (5), SC 13D (5), NT 10-Q (4), 8-A12B (3), S-3 (3), 25 (2), 424B3 (2), 5 (2), NT 10-K (2), S-3/A (2), S-4/A (2), SCHEDULE 13D/A (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-K405/A (1), 10-KT (1), 424B5 (1), CERT (1), CERTNAS (1), CERTNYS (1), DEL AM (1), POS AM (1), REGDEX (1), S-3ASR (1), S-4 (1), SC TO-C (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 28, 2026
    Latest 8-K (8-K) Oct 6, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.30 par valueTISINew York Stock Exchange

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks TEAM INC names in Item 1A of its 10-K filed Mar 12, 2026: 23 risks under these headings, as written.5

  • Risks Related to Financing Our Business
  • We are subject to risks associated with indebtedness under our credit facilities and the Series B Preferred Stock, including the risk of failure to maintain compliance with financial and other covenants, the risk of being unable to make interest and principal payments when due and the risk of rising interest rates under our credit facilities. Additionally, our significant debt and high leverage could have a negative impact on our financing options and liquidity position.
  • Risks Related to Our Operations
  • No assurances can be made that we will be successful in hiring or retaining members of a skilled technical workforce.
  • Unsatisfactory quality of service execution, including safety performance, can affect customer relationships, eliminate or reduce revenue streams from our largest customers, result in higher operating costs and negatively impact our ability to hire and retain a skilled technical workforce.
  • Our business depends upon the maintenance of our proprietary technologies and information.
  • No assurances can be made that we will be successful in maintaining or renewing our contracts with our customers.
  • The loss or unavailability of any of our executive officers or other key personnel could have a material adverse effect on our business.
  • Additional impairments of our intangible and other long-lived assets, and changes in the estimated useful lives of intangible assets could have a material adverse impact on our results of operations and financial condition.
  • Business acquisitions and divestitures entail risk for investors.
  • Our business may be adversely impacted by work stoppages, staffing shortages and other labor matters.
  • We extend credit to customers for purchases of our services which subjects us to potential credit risk that could, if realized, adversely affect our financial condition, results of operations and cash flows. If we are unable to collect amounts
The other 13 risks
  • We may experience inflationary pressures in our operating costs and cost overruns on our projects.
  • Risks Related to Market Conditions
  • Demand for our services is sensitive to oil and gas prices, global oil supply and other factors which impact our customer’s current and future spending levels.
  • The price of our outstanding securities may be volatile.
  • Our revenues are heavily dependent on certain industries.
  • We sell our services in highly competitive markets, which can limit our ability to increase prices and maintain or increase the market share of our services.
  • Our ongoing investments in new customer markets involve significant risks, could disrupt our current operations and may not produce the long-term benefits that we expect.
  • We may not be able to maintain compliance with the NYSE’s continued listing requirements and rules, and the NYSE may delist our common stock, which could negatively affect the Company, the price of our common stock and our shareholders’ ability to sell our common stock.
  • Risks Related to Information Systems
  • Interruptions in the proper functioning of our information systems could disrupt operations and cause increases in costs and/or decreases in revenues.
  • Risks Related to Regulations
  • Unanticipated fluctuations in our effective tax rate and our tax obligations, changes in legislation or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial results.
  • Our operations and properties are subject to extensive environmental, health and safety regulations.
  • We are subject to privacy and data security/protection laws in the jurisdictions in which we operate and may be exposed to substantial costs and liabilities associated with such laws and regulations.
  • Risks Related to Legal Liability
  • Our insurance coverage will not fully indemnify us against certain claims or losses. Further, our insurance has limits and exclusions and not all losses or claims are insured.
  • We are involved and are likely to continue to be involved in legal proceedings or governmental or regulatory inquiries, which will increase our costs and, if adversely determined, could have a material effect on our results of operations, financial position or cash flows.

Legal proceedings

Information regarding our legal proceedings can be found in Note 17 - Commitments and Contingencies to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K and is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.5

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