EquipmentShare OWN program payouts jump 35%
Sales to OWN participants rose 2.6% in Q2
EquipmentShare’s OWN fleet expanded in the second quarter as investor demand remained strong.
OWN equipment reached $5.5 billion in original equipment cost (OEC), up 41.7% year over year, according to EquipmentShare’s Aug.13 10-Q filing with the SEC. Total fleet OEC rose 33.8% YoY to $9.9 billion, lifting OWN’s share 3.1 percentage points to 56.2%.
Institutional and ABS investors have supplied 45% of OWN OEC growth since 2024, the filing shows. All channels remain oversubscribed, Mark Wopata, chief data officer and executive vice president of finance, said during the company’s Aug. 13 earnings call.
Under the OWN program, investors buy equipment and lease it back under revenue-sharing agreements; EquipmentShare retains control and rents its machines through T3, according to the filing.
By the numbers
EquipmentShare reported in Q2:
- OWN payouts increased 35.3% YoY to $234 million;
- Equipment sales to OWN participants rose 2.6% to $428 million;
- Total revenue increased 26.3% to $1.4 billion;
- Rental and services revenue jumped 39.5% to $908 million;
- Net income increased 18.8% to $19 million.
EquipmentShare projects 2026 OWN payouts of $929 million to $985 million, up 30.1% to 38.0% from 2025, according to the company’s Aug. 12 earnings release.
Shares of EquipmentShare [NASDAQ: EQPT] were up 3.5% from market open to $21.41 as of market close on Aug. 13. It has a market capitalization of $5.4 billion.
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