ALTA EQUIPMENT GROUP INC. (ALTG) Form 10-Q — Aug 6, 2026
Alta Equipment Group reported Q2 2026 revenue of $475.5 million, down 1.2% year over year, with a net loss of $7.5 million that widened from $6.1 million a year earlier and a loss per share of $0.25 versus $0.21. Q2 Adjusted EBITDA was essentially flat at $48.6 million as gross margin improved to 26.1% from 25.4%. For the first six months of 2026, revenue slipped 2.0% to $886.0 million and income from operations fell 52.3% to $6.3 million, producing a six-month net loss of $27.0 million, or $0.87 per share, unchanged from a year ago. First-half Adjusted EBITDA declined 6.6% to $76.7 million.
Key figures
- Eps
- -$0.25 Q2 2026; -$0.87 H1 2026 (basic and diluted)
- Revenue
- $475.5M Q2 2026; $886.0M H1 2026
- Net Income
- -$7.5M Q2 2026; -$27.0M H1 2026
- Total Debt
- $730.6M total debt and finance leases at June 30, 2026
- Revenue Yoy
- -1.2% Q2; -2.0% H1
- Interest Rate
- Senior Secured Second Lien Notes 9.000% coupon, 10.1% effective; ABL Facility 5.3% effective
- Abl facility
- $211.6M outstanding under $520.0M capacity expiring June 1, 2029
- Gross profit q2
- $124.2M (+1.6% YoY); H1 $233.5M (-1.6% YoY)
- Notes principal
- $500.0M of 9.000% Senior Secured Second Lien Notes due June 1, 2029
- Adjusted ebitda h1
- $76.7M (-6.6% YoY)
- Adjusted ebitda q2
- $48.6M (+0.2% YoY)
- Shares outstanding
- 32553179
- Accumulated deficit
- -$264.8M
- Interest expense h1
- $39.0M
- Stockholders deficit
- -$36.2M at June 30, 2026 vs +$43.9M at June 30, 2025
- Income from operations q2
- $12.0M; H1 $6.3M (-52.3% YoY)
- Preferred dividends paid h1
- $1.5M
- Rental fleet acquisition cost
- $517.1M
Price after filing
Close on the filing date to close N calendar days later (from $7.48). Historical, not a forecast.
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