TEAM INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 12, 2025
TISI$21.41+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
INDEX
| Page No. | ||
|---|---|---|
| PART I—FINANCIAL INFORMATION | 1 | |
| ITEM 1. | Financial Statements | 2 |
| Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024 | 2 | |
| Unaudited Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 2024 | 3 | |
| Unaudited Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2025 and 2024 | 4 | |
| Unaudited Condensed Consolidated Statements of Shareholders’ Equity (Deficit) for the Three Months Ended March 31, 2025 and 2024 | 5 | |
| Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 | 6 | |
| Notes to Unaudited Condensed Consolidated Financial Statements | 7 | |
| ITEM 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 22 |
| ITEM 3. | Quantitative and Qualitative Disclosures About Market Risk | 31 |
| ITEM 4. | Controls and Procedures | 31 |
| PART II—OTHER INFORMATION | 32 | |
| ITEM 1. | Legal Proceedings | 32 |
| ITEM 1A. | Risk Factors | 32 |
| ITEM 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 32 |
| ITEM 3. | Defaults Upon Senior Securities | 32 |
| ITEM 4. | Mine Safety Disclosures | 32 |
| ITEM 5. | Other Information | 32 |
| ITEM 6. | Exhibits | 33 |
| SIGNATURES | 35 | |
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