EquipmentShare.com Inc-A 2025年度报告

BUILDING THEFUTURE OFCONSTRUCTION OURMISSIONPOWER THENEXT LEAP INCONSTRUCTIONPRODUCTIVITY. OUROFFERING We provide integrated, full-service construction solutionsacross equipment rental, sales, and technology, unlockingexpansion into additional site solutions, financial products,and software offerings. This positions us as a single-platformpartner for the$16.5 trillion construction market.¹ OURINDUSTRY Construction powers the economy, yet much of theindustry remains archaic. It relies on outdated tools, idlemachines, and paper-based processes that bleed time andmargin. While other sectors surged ahead with technology,construction has been left behind: slow, fragmented,and costly. EquipmentShare is well positioned to changethat. With field-ready hardware, real-time data, andpurpose-built software, we unlocksafer,smarter,more profitablejobsites.Persistent Inefficiency in Construction Drives High CostsProductivity growth in the U.S. construction industry continues to lag those of major sectors 122% COMPOUNDANNUAL REVENUE GROWTHSINCE FOUNDING $16.5 TRILLIONMARKET OPPORTUNITY GLOBAL JOBSITE~$16,450B1 T3®FLEETMANAGEMENT Collecting and connecting an estimated 6.4B1 proprietarydaily data points directly to field operations OUR T3®HARDWARE Complete sensor-to-server platform of webapplications and connected hardware OVER 90% OF TOP 50GENERAL CONTRACTORS RENTWITH EQUIPMENTSHARE UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549____________________________________ FORM 10-K xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 (Exact Name of Registrant as Specified in Its Charter) 47-2405753 (I.R.S. Employer Identification No.) 5710 Bull Run DrColumbia, Missouri, 65201(573) 299-5222 (Address, including Zip Code, and telephone number, including area code, of registrant's principal executive offices) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.oYesxNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.oYesxNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 daysoYesxNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).xYesoNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated FileroNon - Accelerated FilerxEmerging Growth Companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reportingunder Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit reportoYesxNo If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correctionof an error to previously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant'sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b).o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).oYesxNo The registrant was not a public company as of June 30, 2025, the last business day of its most recently completed second fiscal quarter, and therefore, cannot calculate theaggregate market value of its voting and non-voting common equity held by non-affiliates as of such date. The registrant’s common stock began trading on the Nasdaq Global SelectMarket on January 23, 2026. As of February 28, 2026, the registrant had 228,478,203 shares of Class A common stock outstanding and 37,568,944 shares of C