EquipmentShare Reports Large Boosts in First Quarter 2026 Revenue
EquipmentShare posted $989 million in total revenue in the first quarter of 2026 compared to $716 million in the first quarter in 2025, a 38.1-percent increase. For the most recent 12-month trailing period, EquipmentShare reported $4,652 million compared to $3,865 million for the previous 12-month trailing period, a 20.4-percent hike.
EquipmentShare lumps in equipment rental and service operations together for reporting purposes, and it posted $764 million in the first quarter of 2026 for this combined category, compared to $556 million in the first quarter of 2025, a 37.4-percent boost. For the 12-month trailing period, EquipmentShare posted $2,932 million in the category, compared to $2,154 million in the previous 12-month period, a 36.1-percent increase.
The company opened 22 operational locations during the first quarter, including 19 full-service rental locations and 3 building material locations.
“We delivered a strong first quarter and are raising our 2026 outlook across the board,” said Jabbok Schlacks, founder and CEO of EquipmentShare. “Rental Segment revenue grew 37 percent year over year, supported by strong customer demand across industrial, infrastructure, data center, and advanced manufacturing projects. Trailing 12-month mature rental location adjusted EBITDA margin was 55 percent, highlighting strong organic unit economics and the embedded earnings power of our footprint as it matures. The quarter’s strong financial performance reinforces the strength of our technology-enabled organic growth model, the value T3 brings to larger and more complex jobsites, and our continued focus on scaling EquipmentShare with discipline and attractive returns.”
“What we're seeing every day with customers is that large, complex jobsites need more than equipment availability. They need visibility, control, and faster execution,” said Willy Schlacks, founder and president of EquipmentShare. “T3 is the live operating layer across equipment, access control, service, utilization, and jobsite activity that delivers that. T3 also what makes AI meaningful for construction by turning actual jobsite data into improved uptime, smarter service prioritization, and greater customer control. Our strong first quarter financial performance reflects growing customer demand for an integrated platform over fragmented alternatives, and that momentum continues to accelerate.”
EquipmentShare, based in Columbia, Mo., is No. 4 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.