What is EquipmentShare.com, Inc. 's platform expense?

EquipmentShare.com, Inc. (EQPT) reported platform expense of $28M in Q1 2026.

How has EquipmentShare.com, Inc. 's platform expense changed year-over-year?

EquipmentShare.com, Inc. 's platform expense increased by 250.0% year-over-year, from $8M to $28M.

What does platform expense mean?

Platform expenses represent the costs associated with maintaining and operating the digital infrastructure, software, and technology stack that powers the company's service delivery. This includes cloud hosting, software maintenance, and digital platform support costs.

EquipmentShare.com, Inc. EQPT Platform expense

Platform expense at other companies

Privia Health Group, Inc.PRVA

$68.42M+14.9%

Cricut, Inc.CRCT

$9.36M+8.0%

Gloo Holdings, Inc. GLOO

$13.17M+105%

Blend LabsBLND

$5.77M-2.2%

SoFi Technologies, Inc.SOFI

$2.53M-81.9%

SoFi Technologies, Inc.SOFI

$3.17M-29.7%

Other financials

Income statement

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Revenue$989.0M+38.1%

Gross profit$287.0M+43.5%

Operating income$1.0M+110%

Net income-$29.0M+39.6%

EPS (diluted)$0.00+102%

Balance sheet

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Cash & equivalents$329.0M—

Total debt$4.0B—

Total equity$1.2B+145%

Total assets$6.4B—

Cash flow

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Operating cash flow-$200.0M-292%

CapEx$328.0M+11.9%

Free cash flow-$528.0M-53.5%

Valuation

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Market cap$4.97B-33.9%

Enterprise value$8.68B—

P/S1.4×—

Profitability

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Gross margin25.7%-2.5pp

Operating margin4.3%-4.1pp

Net margin-1.3%-1.8pp

FCF margin-37.4%+5.9pp

Returns & leverage

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Return on equity0.5%-2.4pp

Debt / equity3.4×—

Current ratio2.5×—

Where this comes from

Reported directly by EquipmentShare.com, Inc. in its filing.

Tagged under the XBRL concept eqpt:PlatformExpense.

The official record: EquipmentShare.com, Inc. ’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EquipmentShare.com, Inc. 's platform expense?: EquipmentShare.com, Inc. (EQPT) reported platform expense of $28M in Q1 2026.
How has EquipmentShare.com, Inc. 's platform expense changed year-over-year?: EquipmentShare.com, Inc. 's platform expense increased by 250.0% year-over-year, from $8M to $28M.
What does platform expense mean?: Platform expenses represent the costs associated with maintaining and operating the digital infrastructure, software, and technology stack that powers the company's service delivery. This includes cloud hosting, software maintenance, and digital platform support costs.