EquipmentShare.com Inc. provides integrated construction solutions across equipment rental, sales, and technology. It rents a wide range of equipment including aerial work platforms, power tools, vehicles, earth moving machinery, and material handling equipment, along with related parts and services such as maintenance, repair, and site management. The company serves the U.S. construction industry through dealers and online. Formerly known as EquipmentShare Inc., it was founded in 2014 and is based in Columbia, Missouri.
Legal Cloud Persists, But Strong Q2 and Cummins Deal Drive EQPT
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Q2 revenue jumps 26% on strong demand EquipmentShare reported Q2 revenue up 26% to $1.4 billion, with rental revenue up 39%, driven by data centers, manufacturing, and infrastructure projects. This shows the core business is growing fast, which supports a higher stock price.
It is a new positive fundamental driver for EQPT.
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$500 million share buyback authorized The board approved a $500 million share repurchase program through 2028, and net leverage improved to 3.0 times. Buybacks can boost the stock by reducing shares outstanding and signaling confidence, while lower leverage reduces financial risk.
It is a new capital return initiative that can lift the stock.
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Cummins deal expands into natural gas power EquipmentShare signed a multi-year deal with Cummins to supply 1 gigawatt of natural gas generators, expanding into temporary power and microgrids. This opens a new growth market, but execution risk and capital intensity could temper gains.
It is a new strategic expansion that could drive future revenue.
Q3 2026
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EQPT: Strong Q2, Buyback Offset by Fraud Lawsuits
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Securities Fraud Lawsuits EquipmentShare faced securities fraud lawsuits and a Bernstein Liebhard class action alleging misleading IPO disclosures, including undisclosed deals with founder-controlled entities, creating legal and financial overhangs.
This is a major new negative event that pressured the stock during the quarter.
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Raised Outlook and $500M Buyback The company raised its 2026 outlook and authorized a $500 million buyback through 2028, signaling confidence and returning capital to shareholders.
This is a new positive catalyst that supported the stock price.
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Strong Q2 Revenue Growth Q2 revenue rose 26% to $1.4 billion, with rental revenue up 39% on data center, manufacturing, and infrastructure demand; net leverage improved to 3.0x.
This is a new positive fundamental result that drove investor optimism.
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Cummins Deal for Power Generation A multi-year Cummins deal to supply 1 gigawatt of natural gas generators expands into temporary power and microgrids, though execution risk and capital intensity could temper gains.
This is a new strategic move with both potential upside and risks.
News & notes movingEQPT
United States
Energy Transition & Power Demand▲
EquipmentShare Signs Multi-Year Natural Gas Generator Fleet Deal With Cummins
EquipmentShare.com announced a multi-year fleet agreement with Cummins Inc. to supply advanced natural gas generators, positioning the company as a major rental and distribution partner for Cummins power systems used in critical infrastructure projects. The deal supports EquipmentShare's expansion into temporary power, microgrid and battery energy storage services for contractors across the United States, and commits the company to 1 gigawatt of natural gas generation. The agreement is just one piece of the broader EquipmentShare.com story, and the company operates as a US construction-focused trade distributor combining equipment rental, sales and in-house technology. The clearest test will be how EquipmentShare.com reports uptake of its new natural gas power offering over the next few reporting periods, particularly deployment on large energy, manufacturing and data center projects and the impact on rental segment utilization and margins. Execution risk remains, as building out temporary power and microgrid services adds capital intensity and operational complexity on top of an already rapid location rollout.
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Supply
Energy Transition & Power Demand › Behind-the-Meter & On-site Power ▲Supply
EQPT · Demand · Positive Multi-year Cummins deal commits EquipmentShare to 1 GW of natural gas generation and expands its temporary power/microgrid rental offering.
CMI · Demand · Positive Multi-year fleet agreement to supply advanced natural gas generators to EquipmentShare, a concrete product order.
EquipmentShare Q2 Revenue Rises 26% to $1.4 Billion
EquipmentShare reported second-quarter revenue rose 26% year over year to $1.4 billion, with rental revenue up 39% to $908 million and adjusted core EBITDA up 34% to $531 million. Management cited strong demand from large construction projects including data centers, manufacturing, healthcare, energy and infrastructure, and placed more than $750 million of new fleet on rent during the quarter while opening 39 locations year to date. The company maintained full-year guidance but called it conservative, citing stronger pricing, project visibility and a growing mega-project pipeline. EquipmentShare also said its T3 platform is improving operating efficiency and deepening customer relationships, while the OWN asset program and $2.8 billion in available liquidity support fleet growth. Net leverage improved to 3.0 times, and the board authorized a $500 million share-repurchase program through 2028.
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
EQPT · Demand · Positive Strong demand from large construction projects including data centers, manufacturing, healthcare, energy and infrastructure drove revenue growth.
EQPT · Capital · Positive Board authorized $500 million share-repurchase program through 2028, and net leverage improved to 3.0 times.
Lowey Dannenberg investigates EquipmentShare.com for potential securities law violations
Lowey Dannenberg P.C. is investigating EquipmentShare.com Inc. for potential violations of federal securities laws. The investigation follows a June 24, 2026 short report by Umibōzu Research alleging undisclosed related-party transactions netted entities affiliated with founders Jabbok and Willy Schlacks at least $77 million. EquipmentShare completed its IPO on or around January 23, 2026, selling 35,075,000 shares at $24.50 per share. After the report, the stock fell to close at $19.69 per share on June 25, 2026. The law firm is examining whether the company and its executives provided accurate and complete information to investors.
EQPT · Regulation · Negative Investigation into potential securities law violations following short report alleging undisclosed related-party transactions.
EquipmentShare.com investors face September 21, 2026 deadline to seek lead plaintiff in class action
Kahn Swick & Foti, LLC notifies investors in EquipmentShare.com Inc. that they have until September 21, 2026 to apply for lead plaintiff in a securities class action lawsuit. The lawsuit, pending in the United States District Court for the Southern District of New York, seeks to recover losses for investors who acquired Class A common stock in the January 2026 initial public offering or purchased EquipmentShare securities between January 23, 2026 and June 23, 2026. The complaint alleges that the company and certain executives failed to disclose material information, including undisclosed related party transactions and misleading financial statements, in violation of federal securities laws. Investors who suffered losses may contact Managing Partner Lewis Kahn toll-free at 1-833-538-3616 or via email at lewis.kahn@ksfcounsel.com.
Rosen Law Firm reminds EquipmentShare.com investors of September 21 lead plaintiff deadline
Rosen Law Firm reminds purchasers of EquipmentShare.com Inc securities of the September 21, 2026 lead plaintiff deadline in a securities class action. The lawsuit covers investors who acquired Class A common stock in the January 2026 IPO or purchased securities between January 23, 2026 and June 23, 2026. The complaint alleges that the registration statement and subsequent disclosures contained materially false or misleading statements and omitted adverse facts about undisclosed related party transactions and the company's financial condition. Investors may be entitled to compensation through a contingency fee arrangement without out-of-pocket costs.
Pomerantz Law Firm Reminds EquipmentShare Investors of Class Action Lawsuit and September 21 Deadline
Pomerantz LLP has filed a class action lawsuit against EquipmentShare.com Inc. concerning potential securities fraud or unlawful business practices. Investors who purchased or acquired EquipmentShare securities during the class period have until September 21, 2026, to seek appointment as lead plaintiff. The lawsuit follows a June 24, 2026, short report by Umibōzu Research alleging undisclosed related-party transactions that netted entities affiliated with founders Jabbok and Willy Schlacks at least $77 million. After the report, EquipmentShare's stock fell $4.19 per share, or 17.55%, over two trading sessions to close at $19.69 on June 25, 2026. The company had completed its initial public offering on or around January 23, 2026, selling 35,075,000 shares at $24.50 each.
Holzer & Holzer Announces Lead Plaintiff Deadlines for Class Actions Against Planet Fitness, Microvast, and EquipmentShare
Holzer & Holzer, LLC has announced upcoming lead plaintiff deadlines in shareholder class action lawsuits against Planet Fitness, Microvast Holdings, and EquipmentShare.com. The Planet Fitness suit, covering purchases between November 6, 2025 and May 6, 2026, has a September 14, 2026 deadline and concerns alleged misstatements about its Black Card price increase, membership growth, and marketing strategy. The Microvast case, with a September 21, 2026 deadline, involves claims over gross margin targets and inventory management for shares bought from April 1, 2025 to March 16, 2026. The EquipmentShare action, also with a September 21, 2026 deadline, alleges undisclosed related party transactions and financial statement issues for purchases between January 23, 2026 and June 23, 2026. Investors who suffered losses are encouraged to contact the firm to discuss their legal rights.
Rosen Law Firm Reminds EquipmentShare.com Inc Investors of September 21 Lead Plaintiff Deadline
Rosen Law Firm reminds purchasers of EquipmentShare.com Inc securities that the lead plaintiff deadline in a securities class action is September 21, 2026. The class action covers investors who acquired Class A common stock pursuant to the January 2026 IPO registration statement or purchased securities between January 23, 2026 and June 23, 2026. The lawsuit alleges that the company made materially false and misleading statements and failed to disclose adverse facts, including undisclosed related party transactions and misleading financial statements. Investors may be entitled to compensation through a contingency fee arrangement and can join the action by contacting the firm.
Frank R. Cruz Law Offices Reminds Investors of Class Action Deadlines for MVST, PRIM, and EQPT
The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of Microvast Holdings, Primoris Services Corporation, and EquipmentShare.com Inc. Investors have until September 21, 2026 to file a lead plaintiff motion. The Microvast suit alleges the company overstated its ability to reach margin targets and complete the Huzhou Phase 3.2 expansion by the end of 2025. The Primoris complaint claims the company systematically underestimated costs and risks on fixed-price renewable energy projects. The EquipmentShare.com action alleges undisclosed related party transactions and materially misleading financial statements.
EquipmentShare Investor Deadline in Securities Fraud Class Action Is September 21
A securities fraud class action has been filed against EquipmentShare.com, Inc. and certain senior executives, with a lead plaintiff deadline of September 21, 2026. The lawsuit alleges that EquipmentShare failed to disclose related-party transactions that netted its co-founders at least $77 million. On June 24, 2026, a report by Umibōzu Research detailing these transactions caused EquipmentShare's stock to drop 6.6%, followed by an 11.7% decline the next day. The case is pending in the U.S. District Court for the Southern District of New York under the caption Parra v. EquipmentShare.com Inc., et al. Investors who lost money are encouraged to contact Bleichmar Fonti & Auld LLP to discuss their legal rights.
Robbins LLP Reminds EquipmentShare Investors of Lead Plaintiff Deadline in Class Action
Robbins LLP reminds stockholders that a class action has been filed against EquipmentShare.com, Inc. on behalf of investors who acquired Class A common stock in the January 2026 IPO or purchased securities between January 23, 2026 and June 23, 2026. The lawsuit alleges that the company made false and misleading statements by failing to disclose undisclosed related party transactions, including at least $77 million in payments to entities affiliated with its founders, and that its financial statements were materially misleading. On June 24, 2026, after Umibōzu Research published a report detailing these transactions, EquipmentShare’s stock fell 6.62% to $22.30, and continued to decline the next day by 11.7% to $19.69, eventually trading as low as $16.06, a more than 34.5% drop from the $24.50 IPO price. Shareholders who wish to serve as lead plaintiff must contact Robbins LLP before the deadline.
Berger Montague Investigates EquipmentShare After Class Action Filing
Berger Montague PC is investigating claims on behalf of EquipmentShare.com Inc. investors following a class action lawsuit filed against the company. The lawsuit covers investors who purchased or acquired EquipmentShare securities between January 19, 2026 and June 23, 2026, including shares from its January 2026 initial public offering. The complaint alleges that the company failed to disclose related-party transactions involving entities owned or controlled by its co-founders. After Umibozu Research published a report on June 24, 2026 detailing these transactions, EquipmentShare's stock fell 6.6% that day and an additional 11.7% the next day, eventually trading as low as $16.06 per share, a decline of more than 34.5% from its $24.50 IPO price. Investors have until September 21, 2026 to seek lead plaintiff appointment.
Rosen Law Firm urges EquipmentShare.com investors to secure counsel before September 21 deadline
Rosen Law Firm has announced a securities class action lawsuit on behalf of purchasers of EquipmentShare.com Inc securities, including Class A common stock from the January 2026 IPO and shares acquired between January 23, 2026 and June 23, 2026. The lawsuit alleges that the company made materially false and misleading statements and failed to disclose undisclosed related party transactions and that it had not terminated or substantially reduced transactions with entities owned or controlled by its co-founders, rendering its financial statements misleading. Investors who wish to serve as lead plaintiff must move the Court no later than September 21, 2026. The firm notes that it has achieved the largest ever securities class action settlement against a Chinese company and was ranked number one by ISS Securities Class Action Services for number of settlements in 2017.
Gainey McKenna & Egleston Files Class Action Against EquipmentShare.com Inc.
Gainey McKenna & Egleston has filed a securities class action lawsuit against EquipmentShare.com Inc. in the United States District Court for the Southern District of New York. The suit represents investors who purchased or acquired EquipmentShare Class A common stock in the January 2026 initial public offering or between January 23, 2026 and June 23, 2026. The complaint alleges the company failed to disclose additional related party transactions and had not terminated or substantially reduced dealings with entities owned or controlled by its co-founders, rendering financial statements materially misleading. Investors have until September 21, 2026 to seek lead plaintiff status.
EQPT · Regulation · Negative Securities class action lawsuit alleging failure to disclose related party transactions and misleading financial statements.
Bernstein Liebhard Files Securities Class Action Against EquipmentShare.com Over IPO and Class Period Disclosures
Bernstein Liebhard LLP announced that a shareholder has filed a securities class action lawsuit against EquipmentShare.com, Inc. on behalf of investors who purchased Class A common stock in the January 2026 IPO or acquired securities between January 23, 2026 and June 23, 2026. The lawsuit alleges that defendants made materially false and misleading statements about the company's business operations, growth prospects, and financial stability, causing its securities to trade at artificially inflated prices. Investors who suffered large losses are encouraged to contact the firm before the September 21, 2026 lead plaintiff deadline. Bernstein Liebhard has recovered over $3.5 billion for clients since 1993 and represents the class on a contingency fee basis.
EQPT · Regulation · Negative Securities class action lawsuit alleging false and misleading statements about business operations and financial stability.
Class Action Lawsuit Filed Against EquipmentShare.com Over Alleged Misleading Statements
A shareholder class action lawsuit has been filed against EquipmentShare.com, Inc., alleging the company made false and misleading statements and failed to disclose material adverse facts. The suit claims EquipmentShare participated in additional undisclosed related party transactions and had not terminated or substantially reduced a number of transactions with entities owned or controlled by its co-founders, rendering its financial statements materially misleading. Investors who purchased shares between January 23, 2026 and June 23, 2026 and suffered losses are encouraged to contact Holzer & Holzer, LLC to discuss their legal rights. The deadline to seek appointment as lead plaintiff is September 21, 2026.
EquipmentShare.com Sued for Securities Fraud Over Undisclosed Founder Transactions
A securities fraud lawsuit has been filed against EquipmentShare.com Inc. and certain executives over allegations of misleading IPO disclosures. The complaint claims the company told investors it would wind down transactions with entities tied to founders Jabbok and Willy Schlacks, but those dealings continued and additional undisclosed founder-controlled entities fed its equipment sale-leaseback program. A short-seller report on June 24, 2026 revealed the alleged self-dealing, which netted founder-affiliated entities at least $77 million. EquipmentShare's stock fell roughly 17.55% over two sessions to close at $19.69 per share and later traded as low as $16.06, about 34.5% below its $24.50 IPO price. Investors who purchased common stock between January 23, 2026 and June 23, 2026 may be eligible to seek recovery, with a lead plaintiff deadline of September 21, 2026.
Pomerantz Law Firm Investigates EquipmentShare.com for Securities Fraud
Pomerantz LLP is investigating claims on behalf of investors of EquipmentShare.com Inc. regarding potential securities fraud or unlawful business practices. The investigation follows a short report by Umibōzu Research published on June 24, 2026, alleging undisclosed related-party transactions that netted entities affiliated with founders Jabbok and Willy Schlacks at least $77 million. EquipmentShare completed its IPO on or around January 23, 2026, selling 35,075,000 shares at $24.50 per share. After the report, the stock fell $4.19 per share, or 17.55%, over two trading sessions to close at $19.69 on June 25, 2026. Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, extension 7980.
EquipmentShare.com Authorized To Repurchase Up To $500 Million Of Shares, Lifts Annual Outlook
EquipmentShare.com announced its board has authorized a new share repurchase program of up to $500 million of its Class A shares, expiring December 31, 2028. The company also raised its full-year guidance, citing strong customer demand and better-than-expected first-half performance. For fiscal 2026, adjusted core EBITDA is now expected between $1.946 billion and $2.058 billion, up from the prior range of $1.883 billion to $1.995 billion, while total revenue is forecast at $5.254 billion to $5.682 billion, compared with the earlier outlook of $5.147 billion to $5.575 billion. Gross rental capital expenditure for fiscal 2026 is now projected at $2.664 billion to $2.886 billion, up from $2.281 billion to $2.503 billion, and net rental capital expenditure is seen at $980 million to $1.060 billion, versus the previous $839 million to $919 million. In fiscal 2025, the company reported adjusted core EBITDA of $1.667 billion on total revenue of $4.379 billion.
Schall Law Firm investigates EquipmentShare.com Inc. for securities law violations
The Schall Law Firm announced an investigation into EquipmentShare.com Inc. for potential securities law violations. The investigation concerns whether the Company made false or misleading statements or failed to disclose pertinent information to investors. EquipmentShare is the subject of a report by Umibōzu Research published on June 24, 2026, alleging undisclosed related-party transactions that netted entities affiliated with the Company’s founders at least $77 million, with the true figure potentially running substantially higher. Following this news, shares of EquipmentShare fell by more than 17.5% on the next day. The Schall Law Firm encourages shareholders who suffered a loss to contact the firm to discuss their rights.
Johnson Fistel Investigates EquipmentShare on Behalf of Investors After Short Seller Report
Johnson Fistel, PLLP is investigating potential claims on behalf of EquipmentShare.com Inc. investors concerning possible securities law violations. The investigation follows a June 24, 2026 short report by Umibōzu Research alleging undisclosed related-party transactions netted entities affiliated with founders Jabbok and Willy Schlacks at least $77 million, with the actual amount possibly much higher. EquipmentShare’s stock fell $4.19 per share, or 17.55%, over the next two trading sessions, closing at $19.69 on June 25, 2026. The law firm is inviting investors who suffered losses to join the investigation.
Truist Maintains Buy Rating for EquipmentShare.com, Cuts Target to $38
Truist analyst Jamie Cook maintained a Buy rating on EquipmentShare.com Inc. but reduced the price target from $41 to $38, implying an upside of over 80% from current levels. The revision reflects a second-quarter preview with broader adjustments across machinery, infrastructure services, and multi-industry segments. Cook noted impressive demand trends and secular growth drivers in data center, infrastructure, aerospace and defense, and power. Earlier, UBS analyst Steven Fisher cut his target from $36 to $24 while keeping a Neutral rating, still indicating more than 14% upside. EquipmentShare.com provides integrated construction solutions including equipment rentals, parts, and site management services.
Lowey Dannenberg Investigates EquipmentShare.com for Potential Securities Law Violations
Lowey Dannenberg P.C. is investigating EquipmentShare.com Inc. for potential violations of federal securities laws. The investigation follows a short report by Umibōzu Research alleging undisclosed related-party transactions that netted entities affiliated with EquipmentShare founders Jabbok and Willy Schlacks at least $77 million. EquipmentShare completed its initial public offering on or around January 23, 2026, selling 35,075,000 shares at $24.50 per share. After the Umibōzu report was published on June 24, 2026, EquipmentShare's stock price fell significantly over the next two trading sessions, closing at $19.69 per share on June 25, 2026. The law firm is examining whether the company and its executives provided investors with accurate and complete information.
EQPT · Regulation · Negative Investigation for potential securities law violations following short report alleging undisclosed related-party transactions.
EQPT Outshines FAST as Better Value Stock, Zacks Analysis Shows
EquipmentShare.com Inc. (EQPT) offers better value than Fastenal (FAST) based on key valuation metrics, according to a Zacks Investment Research analysis. Both stocks carry a Zacks Rank of 2, or Buy, reflecting positive earnings estimate revisions. EQPT has a forward P/E of 36.46 and a PEG ratio of 1.82, while FAST has a forward P/E of 38.07 and a PEG ratio of 2.99. EQPT also has a lower price-to-book ratio of 4.15 compared to FAST's 13.5. These metrics contribute to EQPT earning a Value grade of B, whereas FAST receives a D.
EQPT · Capital · Positive Zacks analysis highlights EQPT's superior value metrics (lower P/E, PEG, P/B) and a Value grade of B vs FAST's D, supporting a positive valuation view.
FAST · Capital · Neutral Mentioned as comparison for valuation; Zacks analysis shows FAST has higher P/E and P/B ratios, but no direct impact on Fastenal.
EquipmentShare.com Inc. has launched a private offering of $1.05 billion in senior secured second-priority lien notes due 2034. The company plans to use the net proceeds to repay existing borrowings under its asset-based revolving credit facility, cover transaction fees, and support general corporate purposes. The notes will be secured on a second-priority basis by substantially all of the company's assets that already secure its first-priority obligations. The offering is subject to market conditions and other factors, with no certainty regarding timing or final terms. The notes are being offered only to qualified institutional buyers in the US and to non-US persons outside the country, as they have not been registered under the Securities Act of 1933.
EQPT · Capital · Neutral Company announces $1.05B notes offering to refinance debt and for general purposes; impact depends on market reception and terms.
Jim Cramer Is Inclined to Stick With EquipmentShare Despite Stock Decline
Jim Cramer said on Mad Money that he is inclined to stick with EquipmentShare.com Inc. despite the stock falling from just under $30 to just under $20 since his January recommendation. Cramer noted the company’s capital-light business model, where it buys equipment, sells it to institutional investors, and leases it back before renting to customers. He acknowledged the call was bad, as United Rentals rallied 20% over the same period, but pointed to a strong beat-and-raise quarter with management citing unprecedented demand. Cramer cautioned that the lockup on insider selling expires on July 22nd, which could cause another pullback.
EQPT · Demand · Neutral Cramer notes a strong beat-and-raise quarter with management citing unprecedented demand, but also warns of insider selling lockup expiry on July 22nd.
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