BUSINESS

12 Months Ended

Dec. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BUSINESS

BUSINESS

EquipmentShare.com Inc and subsidiaries (“EquipmentShare” or the “Company”) was organized in 2014 and

commenced operations on January 1, 2015. Effective June 30, 2025, EquipmentShare.com Inc changed its

jurisdiction of incorporation from the state of Delaware to the state of Texas.

The Company is a vertically integrated platform that combines proprietary technology, a connected equipment

fleet, and a nationwide footprint to serve the construction industry. More than a rental company, EquipmentShare

delivers jobsite visibility and control through its cloud-based platform (“T3”), which integrates embedded telematics

hardware, software applications, and real-time data to support both customers and internal operations. The T3

platform is original equipment manufacturer (“OEM”)-agnostic and gives the Company and its rental customers the

ability to track mixed fleets, maximize utilization, reduce unplanned downtime, streamline maintenance, and

improve jobsite security and operator accountability.

The Company utilizes its proprietary T3 platform in its equipment rental and service operations to manage

construction equipment that is owned by the Company, as well as construction equipment that is leased from third

party participants in the Company’s “OWN Program.” Under the OWN Program, participants may purchase from

the Company new or used (typically less than four years old) equipment which is fully enabled with T3.

Concurrently, the participant and the Company enter into a lease agreement whereby this qualified equipment is

placed on the Company’s T3 platform, to be rented to third party users. Rental revenue generated from equipment

enrolled under the OWN Program is divided and shared between the Company and the owner of the equipment, and

for the duration of the arrangement the Company manages the owner’s equipment utilizing the T3 platform. At the

end of the sharing period under the OWN Program, the Company may assist the owner with remarketing services if

the equipment is to be sold in the market as used construction equipment. The Company also offers several add-on

services to the owner of the equipment.

In addition to equipment rentals, the Company also offers complementary products and services, such as

equipment parts, supplies, services, and select jobsite support offerings. These products and services are integrated

with the T3 platform to support broader jobsite needs as part of the Company’s equipment rental and services

operations. The Company offers new and used equipment for sale to customers. Separately, the Company offers

telematics SaaS subscriptions, supported by embedded telematics hardware to customers who use the digital tools to

monitor fleet performance, manage maintenance, and oversee jobsite activity through a single platform. The

Company develops and enhances these tools and services with input from customers. The Company also retails

building materials and hardware supplies to customers.

As of December 31, 2025, the Company had 352 full-service branches, 9 dealership sites, and 24 building

materials and hardware retail stores located across 45 states in the U.S. The Company’s full-service, technology-

enabled model supports multiple customer touchpoints and allows it to operate a high-quality, diversified rental

fleet. The Company’s branch network also serves as an effective distribution channel for fleet disposition and

supports related activities including new and used equipment sales, parts, supplies and services. The Company is an

authorized dealer for JLG, Takeuchi, Skyjack, Genie, and other major brands of construction and aerial equipment,

and offers equipment rentals, parts, and services.