TEAM INC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
TISI$21.39-5.8%Stored close · as of Nov 6, 2026
Contents
Table of Content
ANNUAL REPORT ON FORM 10-K INDEX
| PART I | 1 | |
|---|---|---|
| Cautionary Statement for the Purpose of Safe Harbor Provisions | 1 | |
| ITEM 1. | BUSINESS | 1 |
| General Development of Business | 2 | |
| Description of Business | 2 | |
| Marketing, Customers and Competition | 3 | |
| Seasonality | 4 | |
| Compliance with Government Regulations | 4 | |
| Human Capital | 4 | |
| Recent Developments | 7 | |
| Available Information | 7 | |
| ITEM 1A. | RISK FACTORS | 8 |
| ITEM 1B. | UNRESOLVED STAFF COMMENTS | 9 |
| ITEM 1C. | CYBERSECURITY | 9 |
| ITEM 2. | PROPERTIES | 10 |
| ITEM 3. | LEGAL PROCEEDINGS | 10 |
| ITEM 4. | MINE SAFETY DISCLOSURES | 10 |
| PART II | 11 | |
| ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 11 |
| ITEM 6. | SELECTED FINANCIAL DATA | 12 |
| ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 13 |
| ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 22 |
| ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 23 |
| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 68 |
| ITEM 9A. | CONTROLS AND PROCEDURES | 69 |
| ITEM 9B. | OTHER INFORMATION | 69 |
| ITEM 9C. | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 69 |
| PART III | 70 | |
| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 70 |
| ITEM 11. | EXECUTIVE COMPENSATION | 70 |
| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS | 70 |
| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 70 |
| ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES | 70 |
| PART IV | 71 | |
| ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES | 71 |
| SIGNATURES | 75 |
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