EquipmentShare OWN program payouts jump 41%
Sales to OWN program participants rose 7.4% in Q1
Equipment rental and technology provider EquipmentShare saw revenue surge in the first quarter as its OWN financing program continued to feed investor appetite.
The company has 407 locations after adding 22 in Q1, with the OWN program remaining a “core part” of its growth, attracting investors across “high net worth, family office and institutional channels,” Mark Wopata, chief data officer and executive vice president of finance, said during today’s earnings call.
Investor demand “reflects the quality of the asset class,” he said.
The OWN program is a capital-light model in which EquipmentShare sells equipment to investors, who then lease the assets back to the company, allowing it to maintain operational control while sharing revenue with investors.
BY THE NUMBERS: Columbia, Mo.-based EquipmentShare reported in Q1:
- OWN program payouts up 40.9% year over year to $217 million;
- Sales of equipment to OWN program participants rose 7.4% YoY to $102 million;
- Total revenue increased 38.1% YoY to $989 million;
- Equipment rental and service revenue jumped 37.4% YoY to $764 million;
- Equipment sales increased 23.4% YoY to $179 million; and
- A net loss of $29 million, compared with a $48 million loss in Q1 2025.
Notably, sales to OWN participants “do not occur evenly quarter to quarter,” Wopata said,
“We typically see larger clusters of activity in Q2 and Q4,” he said. “Q1 was consistent with how we expected the year to begin.”
STATE OF PLAY: EquipmentShare is benefiting from strong demand for machines that support data centers, advanced manufacturing, energy and infrastructure projects, which are all “moving toward larger sites, tighter timeline and higher execution risk,” Chief Executive Jabbok Schlacks said during the call.
“At that scale, customers need more than fleet,” he said. “They need a partner that can mobilize thousands of machines quickly, keep them running and give operators real-time visibility and control.”
To that end, Schlacks said new customers are especially drawn to the company’s T3 platform — a cloud-based system that gives customers, EquipmentShare personnel and investors real-time visibility into asset location, utilization and service history.
In fact, one of the 50 largest energy companies moved 100% of its spend on constructional rental assets to EquipmentShare in Q1, Schlacks said.
“The reasons were specific: access control, predictive maintenance, the depth of our service technical network and the ability to manage thousands of machines through a single platform,” he said. “We are seeing that pattern repeat across the customer base.”
MARKET REACTION: Shares of EquipmentShare [NASDAQ: EQPT] were down 5.6% from market open to $24.50 as of market close today. It has a market capitalization of $6.2 billion.
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