Flagship explainer

How TEAM, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$896M · 100%Cost of revenue$665M · 74%Gross profit$232M · 26%Operating income$14.1M · 2%Income before tax−$46.6M · −5%Income tax$2.6M · 0%Net income−$49.2M · −5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$896M100%
Cost of revenue$665M74%
$232M26%
$14.1M2%
Income before tax−$46.6M−5%
Income tax$2.6M0%
−$49.2M−5%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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