EquipmentShare reports 37.3% jump in OWN program payouts
Total revenue soared 55.3% YoY
Equipment rental and technology company EquipmentShare posted a surge in revenue in the third quarter as its OWN financing program continued to support fleet expansion.
Equipment sales to OWN program participants soared 133.7% year over year in Q3 to $243 million, “reflecting our discipline and selective process for equipment sales into the OWN program,” Chief Financial Officer David Marquardt said during today’s earnings call.
The OWN program — a capital-light fleet financing model in which EquipmentShare sells equipment to third-party investors who then lease it back to the company — is benefiting from “strong oversubscribed demand” and “equipment selectivity,” he said.
Read more on the OWN program here.
Columbia, Mo.-based EquipmentShare reported in Q3:
- OWN program payouts rose 37.3% YoY to $254 million;
- Total revenue increased 55.3% YoY to $1.5 billion;
- Equipment rental and service revenue rose 49.2% YoY to $1.1 billion;
- Total equipment sales jumped 76% to $294 million; and
- Net income totaled $20 million, up from $6 million in Q3 2025.
The company’s Q3 performance was partly driven by growing demand for one-stop-shop offerings combining equipment, technology and service, as customers take on “larger, more complex projects,” co-founder and Chief Executive Jabbok Schlacks stated in its Nov. 9 earnings release.
“This quarter we advanced touchless equipment access, machine-mounted 360-degree safety and capture systems, and our next-generation telemetry device,” he said. “Across all three, the goal is the same: Make the equipment more useful and give customers better visibility and control.”
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