EquipmentShare.com Inc

EquipmentShare.com Inc (Nasdaq: EQSH) operates as a vertically integrated platform combining proprietary technology, a connected equipment fleet, and nationwide infrastructure to serve the construction industry. The company's website is https://ir.equipmentshare.com/.

The core business centers on equipment rental and related services, complemented by equipment sales, parts and supplies, telematics software-as-a-service offerings, and building materials retail. As of December 31, 2025, EquipmentShare operated 352 full-service branches, 9 dealership sites, and 24 building materials and hardware retail stores across 45 states, employing 8,206 individuals. The company maintains a rental fleet of approximately 252,252 units with an original equipment cost of $8.8 billion, representing one of the youngest fleets in the industry with an average age of 31 months.

The proprietary T3 cloud-based platform serves as the foundation of EquipmentShare's competitive advantage, integrating embedded telematics hardware, software applications, and real-time data to provide jobsite visibility and control. The platform enables fleet tracking, utilization optimization, predictive maintenance, and remote access control across mixed equipment fleets. Equipment rental and related services accounted for 87 percent of rental revenue, with the company serving industrial and non-residential sectors including infrastructure, manufacturing, and energy.

EquipmentShare sources equipment from leading original equipment manufacturers including JLG, JCB, John Deere, Komatsu, Hitachi, CASE, Takeuchi, Cummins, Genie, and Toyota. The company's innovative OWN Program represents a capital-efficient growth model where third-party investors purchase equipment that EquipmentShare manages and operates on its rental platform, with participants receiving a share of rental revenue. As of December 31, 2025, equipment enrolled under the OWN Program represented approximately 56 percent of the total rental fleet with an original equipment cost of approximately $4.9 billion.

The company's top five rental customers accounted for only 3.8 percent of equipment rental revenue, reflecting a highly diversified customer base. EquipmentShare maintains strong relationships with major equipment manufacturers, leveraging significant purchasing scale with equipment spend of $1.8 billion in 2025, providing competitive advantages in fleet availability, cost efficiency, and equipment quality across its growing national footprint.