EquipmentShare.com Inc
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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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.
Sep 30, 2026 · Filed Nov 10, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001693736-26-000020
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-10.
0001693736-26-000030
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 19 previous paragraphs and 37 current paragraphs.
1 unchanged; 4 reworded; 31 added; 14 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (31)
Current report
1A. “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Q2 2026 Form
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We have become subject to, and may in the future be subject to, short selling strategies driving down the market
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On June 24, 2026 and September 24, 2026, different firms each published a report (collectively, the “Short
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Reports”) making allegations about the Company in an attempt to profit from a decline in the market price of our
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Class A common stock, and the price of our Class A common stock declined after the publication of the Short
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Reports, has continued to trade at lower prices than before the Short Reports, and the market for our Class A
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common stock has been volatile since the publication of the Short Reports. Short selling is the practice of selling
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securities that the seller does not own but may have borrowed with the intention of buying identical securities back
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at a later date. The short seller hopes to profit from a decline in the value of the securities between the time the
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securities are borrowed and the time they are replaced. As it is in the short seller’s best interests for the price of the
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securities to decline, many short sellers (sometimes known as “disclosed shorts”) publish, or arrange for the
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publication of, negative opinions regarding the relevant issuer and its business prospects to create negative market
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momentum. These short report attacks have, in the past, led to selling of securities in the market. Further, these short
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seller publications are not regulated by any governmental, self-regulatory organization or other official authority in
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the U.S. and they are not subject to certification requirements imposed by the SEC. Companies that are subject to
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unfavorable allegations, even if untrue may have to expend a significant amount of resources to investigate such
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allegations and/or defend themselves, including securityholder suits against the company that may be prompted by
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such allegations, and we have already expended significant resources and management time in response to the Short
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Reports. As described in Note 17. Commitments and Contingencies to our condensed consolidated financial
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statements included in this Form 10-Q, following the publication of the Short Reports, we have become the subject
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of litigation relating to matters raised in the Short Reports, and future short seller reports could prompt additional
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We are currently subject to a putative securities class action lawsuit, and may in the future be subject to
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additional securities class action lawsuits, derivative complaints, or inquiries from the SEC or other regulators. Such
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actions and investigations could result in administrative orders against us, the imposition of penalties and fines
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against us, damages awards against us, and the imposition of sanctions against certain of the Company’s current or
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former officers, directors and employees. Resolution of these types of matters can be prolonged and costly, and the
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ultimate results or judgments are uncertain due to the inherent uncertainty in the outcomes of litigation and other
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proceedings. Even if we ultimately prevail in such proceedings, these proceedings could result in significant costs to
Removed paragraphs (14)
Previous report
We cannot guarantee that our share repurchase program will be consummated fully or that it will enhance
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shareholder value. Stock repurchases could also increase the volatility of the trading price of our stock and could
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In July 2026, our Board authorized a share repurchase program for up to an aggregate amount of $500 million
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of our outstanding shares of Class A common stock with an expiration date of December 31, 2028. The timing,
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price, and quantity of purchases under the program will be at the discretion of our management and will depend
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upon a variety of factors including share price, general and business market conditions, compliance with applicable
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laws and regulations, corporate and regulatory requirements, and alternative uses of capital. The program may be
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amended, suspended or discontinued by the Board at any time. Although the Board has authorized this program,
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there is no guarantee as to the exact number of shares that will be repurchased by us, and we may discontinue
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purchases at any time if management determines additional purchases are not warranted. We cannot guarantee that
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the program will be consummated fully or that it will enhance shareholder value. The program could affect the
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program may result in a decrease in the trading price of our Class A common stock. In addition, this program could
Reworded paragraphs (4)
Previous wording
Part I, Item 1A. “Risk Factors” in our 2025 Form 10-K includes a discussion of our risk factors. Other than the
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Part I, Item 1A. “Risk Factors” in our 2025 Form 10-K includes a discussion of our risk factors and Part II, Item
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risk factor below, there have been no material changes from the risk factors described in our 2025 Form 10-K. We
Current wording
10-Q”) added to the risk factors described in our 2025 Form 10-K. Other than the risk factor below, there have been
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may disclose changes to such risk factors or disclose additional risk factors from time to time in our SEC filings.
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disclose changes to such risk factors or disclose additional risk factors from time to time in our SEC filings.
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trading price of our Class A common stock and increase volatility, and any announcement of a termination of the
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price of our Class A common stock and increasing the volatility of the trading market for our Class A common
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
no material changes from the risk factors described in our 2025 Form 10-K and our Q2 2026 Form 10-Q. We may