Why EquipmentShare.com Stock Crashed Today

EquipmentShare.com stock plummeted 22% despite beating earnings expectations, with revenue reaching $1.5B (up 55% YoY) and net earnings tripling to $20M. However, the company's actual GAAP profit was only $0.03 per share versus adjusted earnings of $0.16, and free cash flow was deeply negative at over $1.1B in cash burn year-to-date, raising serious concerns about earnings quality.