For the quarter ending 2026-03-31, TISI had -$5,306K decrease in cash & cash equivalents over the period. -$11,519K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -11,333 | -3,779 | -11,447 | -33,984 |
| Depreciation and amortization | 8,453 | 8,406 | 8,747 | 16,929 |
| Write-off of software cost | - | - | - | 45 |
| Loss on debt extinguishment | 0 | 0 | -1,283 | -11,853 |
| Amortization of debt issuance costs, debt discounts, and deferred financing costs | 1,152 | 1,126 | 1,331 | 2,608 |
| Paid-in-kind (pik) interest | 2,121 | 2,096 | 2,013 | 6,541 |
| Loss (gain) on asset disposal | - | 146 | 80 | 0 |
| Allowance for credit losses | -70 | 714 | 1,104 | 788 |
| Foreign currency loss (gain) | 917 | -661 | 1,136 | -3,749 |
| Deferred income taxes | 796 | -479 | -357 | 851 |
| Non-cash compensation cost (credit) | 954 | 130 | 352 | 313 |
| Other, net | 74 | 58 | 129 | 38 |
| Accounts receivable | 4,612 | -16,294 | -11,252 | 31,187 |
| Inventory | 530 | -87 | 60 | 2,663 |
| Prepaid expenses and other assets | 1,665 | -2,527 | 2,537 | -161 |
| Accounts payable | -7,675 | 2,734 | -4,180 | -1,486 |
| Other accrued liabilities | 5,520 | -11,983 | -2,895 | -4,999 |
| Income taxes | 377 | -2,514 | -47 | 216 |
| Net cash used in operating activities | -9,095 | 16,774 | 3,883 | -32,005 |
| Capital expenditures | 2,424 | 2,134 | 2,839 | 4,316 |
| Proceeds from disposal of assets | 14 | 146 | 82 | 0 |
| Net cash used in investing activities | -2,410 | -1,988 | -2,757 | -4,316 |
| Borrowings under revolving credit loans-Revolving Credit Loans | 74,000 | 80,500 | 70,500 | 37,000 |
| Payments under revolving credit loans-Revolving Credit Loans | 66,800 | 89,600 | 100,500 | 17,018 |
| Payments under corre delayed draw term loan, first lien term loan, 2025 second lien term loan and me/re loans-Delayed Draw Term Loan | 0 | 0 | 0 | 35,700 |
| Payments under corre uptiered loan-Corre Uptier Debt | 0 | 0 | 0 | 55,894 |
| Borrowings under first lien term loan-HPSFirst Lien Term Loan | 0 | 0 | 0 | 175,000 |
| Payments under corre delayed draw term loan, first lien term loan, 2025 second lien term loan and me/re loans-HPSFirst Lien Term Loan | 438 | 437 | 437 | 438 |
| Payments under first lien term loan, 2025 second lien term loan, corre delayed draw term loan and me/re loans-Corre Second Lien Term Loan | - | 0 | 41,803 | - |
| Payments under corre delayed draw term loan, first lien term loan, 2025 second lien term loan and me/re loans-MERELoans | 0 | 0 | 0 | 23,427 |
| Proceeds from issuance of series b preferred stock and warrants | - | 0 | 75,000 | - |
| Issuance cost related to series b preferred stock and warrants | - | 751 | 7,023 | - |
| Payments under corre incremental term loan | 0 | 0 | 0 | 48,015 |
| Payments for debt issuance costs | 0 | -75 | 2,513 | 8,899 |
| Other | -525 | -1,156 | -209 | -1,448 |
| Net cash provided by financing activities | 6,237 | -11,369 | -6,985 | 21,161 |
| Effect of exchange rate changes on cash | -38 | -84 | -38 | 324 |
| Net decrease in cash and cash equivalents | -5,306 | 3,333 | -5,897 | -14,836 |
| Cash and cash equivalents at beginning of period | 18,145 | 14,812 | 35,545 | - |
| Cash and cash equivalents at end of period | 12,839 | 18,145 | 14,812 | - |
TEAM INC (TISI)
TEAM INC (TISI)