Teamshares
TMS on Nasdaq. Teamshares sells nothing yet; it raises money from investors to buy a company. Market value $545m.
Figures from the annual report for the year ended 31 December 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$7.40 a share, 47% above its 1-year low
Over the past year the price has ranged from $5.04 to $13.20.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |
| Revenue | n/a |
| Operating margin | |
| Operating margin | n/a |
| Debt to equity | |
| Debt to equity | n/a |
| Shares outstanding | |
| Shares outstanding | 0.07bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $149 million last quarter, up 20% on a year ago.
- Profit: $9 million, after a loss of $13 million a year ago.
- 13% more shares than a year ago. Each share owns a bit less of the company.
| Quarter to | Amount |
|---|---|
| March 2025 | -$6m |
| June 2025 | -$13m |
| September 2025 | $2m |
| December 2025 | -$14m |
| March 2026 | -$129,303 |
| June 2026 | $9m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 30 March 2026
- Next quarterly (estimated, 10-Q)
- 13 November 2026
Who owns it
None of the long-term investors we follow own it. 18 funds in all.
Largest holders overall
- T. Rowe Price Investment Management$107mNew
- Hudson Bay Capital Management LP$33m
- StepStone Group LP$16mNew
- Euclidean Capital$9mNew
- Alyeska Investment Group, L.P.$4mNew
- Harraden Circle Investments$4mNew
- Round Rock Advisors$2m
- Healthcare of Ontario Pension Plan Trust Fund$2mNew
- Mizuho Securities USA$1m
- Cannell & Spears$678,355
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
14 investors own more than 5%.
- T. Rowe Price Investment Management, Inc.Passive investor18.3%Since 31 August 2026
- Harraden Circle Investors GP, LLCPassive investorat least 15.0%(filed with 4 related holders)Since 2 June 2026
- Live Oak Sponsor V, LLCPassive investorat least 12.3%−7.7 pts(filed with 1 related holder)Since 30 June 2026
- VK Services, LLCPassive investorat least 10.4%(filed with 5 related holders)Since 18 June 2026
- QED Growth Fund, L.P.Passive investorat least 8.3%(filed with 2 related holders)Since 18 June 2026
- Barclays PLCPassive investor7.1%+1.7 ptsSince 30 September 2025
- Slow Ventures, LLCPassive investorat least 6.9%(filed with 8 related holders)Since 18 June 2026
- Alexa von TobelPassive investorat least 6.4%(filed with 5 related holders)Since 18 June 2026
- Hudson Bay Capital Management LPPassive investorat least 5.5%(filed with 1 related holder)Since 30 June 2026
- Sculptor Capital LPPassive investorat least 5.4%+0.6 pts(filed with 6 related holders)Since 14 November 2025
- Spark Growth Management Partners III, LLCPassive investorat least 5.1%(filed with 2 related holders)Since 18 June 2026
- AQR Capital Management, LLCPassive investorat least 4.4%−1.2 pts(filed with 2 related holders)Since 30 June 2025
- USV 2019 GP, LLCPassive investorat least 3.3%(filed with 7 related holders)Since 18 June 2026
- MAGNETAR FINANCIAL LLCPassive investorat least 1.6%−6.0 pts(filed with 3 related holders)Since 30 June 2026
- Harraden Circle Investments, LLCPassive investorSold down below 5%Since 30 June 2026
- Aristeia Capital, L.L.C.Passive investorSold down below 5%Since 30 June 2026
- Tenor Capital Management Company, L.P.Passive investorSold down below 5%Since 30 June 2026
- Healthcare of Ontario Pension Plan Trust FundPassive investorSold down below 5%Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
T. Rowe Price Investment Management, Inc. Passive investor | 18.3% | 31 August 2026 | |
Harraden Circle Investors GP, LLC Passive investor | at least 15.0% (filed with 4 related holders) | 2 June 2026 | |
Live Oak Sponsor V, LLC Passive investor | at least 12.3%−7.7 pts (filed with 1 related holder) | 30 June 2026 | |
VK Services, LLC Passive investor | at least 10.4% (filed with 5 related holders) | 18 June 2026 | |
QED Growth Fund, L.P. Passive investor | at least 8.3% (filed with 2 related holders) | 18 June 2026 | |
Barclays PLC Passive investor | 7.1%+1.7 pts | 30 September 2025 | |
Slow Ventures, LLC Passive investor | at least 6.9% (filed with 8 related holders) | 18 June 2026 | |
Alexa von Tobel Passive investor | at least 6.4% (filed with 5 related holders) | 18 June 2026 | |
Hudson Bay Capital Management LP Passive investor | at least 5.5% (filed with 1 related holder) | 30 June 2026 | |
Sculptor Capital LP Passive investor | at least 5.4%+0.6 pts (filed with 6 related holders) | 14 November 2025 | |
Spark Growth Management Partners III, LLC Passive investor | at least 5.1% (filed with 2 related holders) | 18 June 2026 | |
AQR Capital Management, LLC Passive investor | at least 4.4%−1.2 pts (filed with 2 related holders) | 30 June 2025 | |
USV 2019 GP, LLC Passive investor | at least 3.3% (filed with 7 related holders) | 18 June 2026 | |
MAGNETAR FINANCIAL LLC Passive investor | at least 1.6%−6.0 pts (filed with 3 related holders) | 30 June 2026 | |
Harraden Circle Investments, LLC Passive investor | Sold down below 5% | 30 June 2026 | |
Aristeia Capital, L.L.C. Passive investor | Sold down below 5% | 30 June 2026 | |
Tenor Capital Management Company, L.P. Passive investor | Sold down below 5% | 30 June 2026 | |
Healthcare of Ontario Pension Plan Trust Fund Passive investor | Sold down below 5% | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.