Reports

AMD delivered a solid Q1 2025 with $7.4 billion in revenue, significant gains in net income and EPS, and continued strength in its data center and client processor businesses.

• Revenue increased to $7.438 billion, driven by strong performance in Data Center and Client segments.
• GAAP net income reached $709 million, up significantly from $123 million a year ago.

Arista Networks delivered a robust Q1 2025, achieving over $2 billion in revenue for the first time, with substantial net income and operating margins supported by AI and enterprise demand.

• Revenue hit $2.005 billion, up 27.6% YoY.
• GAAP net income reached $813.8 million.

Duke Energy delivered solid Q1 2025 financials, with net income of $1.37 billion and adjusted EPS of $1.76, reflecting strength across electric and gas segments.

• Adjusted EPS increased to $1.76 from $1.44 in Q1 2024.
• Electric Utilities & Infrastructure drove $1.276 billion in income.

Constellation Energy delivered robust Q1 2025 results, with Adjusted EPS rising to $2.14 and continued strength in clean energy generation. Revenue reached nearly $6.8 billion, while net income was significantly lower year-over-year due to non-operational items.

• Adjusted EPS rose to $2.14 from $1.82 in Q1 2024.
• Net income declined to $118 million from $883 million last year due to non-operational adjustments.

Zoetis delivered $2.2 billion in revenue and $631 million in net income, with strong performance in companion animal products driving 9% organic growth.

• Revenue reached $2.2 billion, with 9% organic growth driven by companion animal products.
• Net income was $631 million, up 5% from the previous year.

Ferrari delivered a solid first quarter in 2025, achieving double-digit growth in revenue and profitability driven by a rich product mix and personalization demand. Shipments remained relatively stable while net income and EPS rose notably.

• Revenue rose 13% YoY to €1.791 billion, driven by stronger product and country mix.
• Net income reached €412 million, up 17% from Q1 2024.

DoorDash posted its highest-ever quarterly revenue and net income, fueled by strong order growth and expanded marketplace activity. The company also announced two strategic acquisitions, aiming to further diversify its platform and scale.

• Set new quarterly records for Total Orders, GOV, revenue, and net income.
• GAAP Net Income rose to $193 million from a $23 million loss a year ago.

TransDigm delivered solid Q2 results with 12% revenue growth and an 18% increase in net income. Strong performance in key markets and disciplined cost management contributed to a robust EBITDA margin.

• Revenue reached $2.15 billion, up from $1.919 billion last year
• Net income increased to $479 million

The company posted higher net income and operating income compared to Q1 2024, while continuing to expand pipeline volumes and entering a strategic LNG partnership.

• Net income attributable to partners rose to $1.32 billion from $1.24 billion in Q1 2024.
• Adjusted EBITDA reached $4.098 billion, reflecting broad-based segment performance.

American Electric Power posted strong operating earnings in Q1 2025, driven by a 12.3% surge in commercial load and strategic equity funding initiatives. The company reaffirmed its full-year guidance and remains focused on executing its $54 billion capital investment plan.

• Commercial load rose 12.3% year-over-year, reflecting continued demand from large-load customers.
• GAAP net income was $800,200,000 and operating earnings reached $823,300,000.

MPLX delivered a solid first quarter with increases in both net income and adjusted EBITDA, supported by expansion in the Permian and Marcellus basins, and strategic pipeline developments.

• Net income rose to $1.13 billion from $1.01 billion in Q1 2024.
• Adjusted EBITDA reached $1.76 billion, up from $1.64 billion last year.

Marathon Petroleum posted a net loss in Q1 2025 as it executed the second-largest planned maintenance program in its history. However, the midstream segment delivered solid results, supported by strategic pipeline expansions and acquisitions.

• Reported a net loss of $74 million driven by extensive turnaround activity in refining.
• Midstream segment EBITDA grew 8% year-over-year due to higher throughputs.

Suncor delivered a solid first quarter in 2025, generating strong net earnings and adjusted funds from operations, supported by record first-quarter upstream and downstream operational performance.

• Generated $1.689 billion in net income and $3.045 billion in adjusted funds from operations.
• Upstream production reached a record 853,200 barrels per day.

In Q1 2025, Datadog delivered strong financial performance with $762 million in revenue, $24.6 million in net income, and $244 million in free cash flow. The company continued to expand its customer base and multi-product usage metrics.

• Revenue reached $761,553,000 in Q1 2025.
• Non-GAAP EPS came in at $0.46 while GAAP EPS was $0.07.

FIS posted a solid Q1 2025, driven by revenue and adjusted EPS growth. The company announced strategic moves, including monetizing its Worldpay stake and acquiring Issuer Solutions, while repurchasing $450 million in shares.

• Revenue grew to $2.532 billion, supported by recurring revenue strength.
• Adjusted EPS rose to $1.21, reflecting an 11% increase year-over-year.

Gartner delivered solid Q1 2025 results, with higher-than-expected adjusted EBITDA margin, steady revenue growth, and strong free cash flow.

• Revenue reached $1.534 billion, up from $1.473 billion in Q1 2024.
• Net income held steady at $211 million year-over-year.

IQVIA delivered robust first-quarter results with revenue reaching $3.83B and adjusted EPS of $2.70. TAS outperformed, while R&DS backlog growth highlighted long-term demand resilience.

• Revenue reached $3.83 billion, with 2.5% growth YoY
• Adjusted EPS came in at $2.70, exceeding expectations

WEC Energy Group posted strong results for Q1 2025, with year-over-year growth in revenue and net income. The company benefited from rising residential and industrial energy consumption and reaffirmed its full-year earnings guidance.

• Net income rose to $724.2 million from $622.3 million a year earlier.
• Revenue increased to $3.1 billion, up $469.3 million year-over-year.

Global Payments delivered steady results in Q1 2025, posting GAAP revenue of $2.41B, adjusted EPS of $2.82, and net income of $305.7M while advancing key strategic initiatives including the acquisition of Worldpay.

• Adjusted EPS excluding share-based compensation reached $2.82
• Adjusted net revenue increased to $2.2048B, reflecting 5% growth on a constant currency basis excluding dispositions

Gold Fields delivered a stable Q1 2025 with a strong rebound in production and revenues compared to Q1 2024. Higher gold prices and ramp-up at Salares Norte contributed to improved operational performance. Free cash flow turned positive, and the company maintained its annual guidance.

• Gold-equivalent production increased to 551,000 oz, up from 464,000 oz in Q1 2024.
• Revenue rose significantly, driven by a higher realized gold price of $2,900/oz.

Corpay delivered a solid start to FY25 with over $1B in revenue, strong net income, and strategic momentum through new partnerships and acquisitions.

• Revenue surpassed $1 billion, up 8% from Q1 2024.
• Corporate Payments revenue rose 33% to $352.7M, driven by 38% growth in spend volume.

ADM posted a solid performance in Q1 2025 despite a significant year-over-year decline in profit metrics. The company reaffirmed its full-year EPS guidance while acknowledging it expects results at the lower end of the range.

• Adjusted EPS of $0.70 and net income of $295 million reflected a sharp decline from the prior year.
• Revenue fell to $20.175 billion, down from $21.847 billion in Q1 2024.

Brookfield Asset Management reported a strong first quarter with record fee-related earnings and $25 billion in capital raised. Net income surged to $581 million, driven by performance across real estate and credit strategies.

• Fee-related earnings reached a record $698 million, up 26% year-over-year.
• Net income attributable to BAM grew to $581 million, a 32% increase from Q1 2024.

Waters delivered a solid Q1 2025, driven by double-digit instrument growth and strength in Pharma and Industrial markets. Sales hit $662M, and adjusted EPS reached $2.25. The company raised its full-year sales and EPS guidance.

• Sales increased to $662 million, up 4% YoY and 7% in constant currency.
• GAAP EPS was $2.03 and non-GAAP EPS was $2.25.

Philips reported a positive Q1 2025 with a return to net income of €72M, supported by strong personal health performance and North American demand. However, overall revenue declined slightly due to significant sales drops in China.

• Net income turned positive at €72M after a large loss last year.
• Revenue declined by 1% nominally, mainly due to weak performance in China.

La empresa superó la guía de producción, generó $1,008 millones en flujo de caja libre y devolvió $464 millones a los accionistas, mientras mantenía un gasto de capital disciplinado.

• Ingresos de $3.59 mil millones impulsados por producción sólida.
• Generó $1,008 millones en flujo de caja libre.

The company reported $1.585 billion in revenue and $211 million in net income for Q1 2025, reflecting strong execution in key markets. Adjusted EPS was $0.34, and the company exceeded guidance on several financial metrics.

• Net income reached $211 million, a 57% increase YoY.
• Automotive, datacenter, and IoT segments showed YoY growth.

IFF posted a $1.02B net loss in Q1 2025, driven by a $1.15B impairment charge. However, adjusted EPS and EBITDA were strong, reflecting volume growth and productivity gains.

• Net loss of $1.02B due to $1.15B goodwill impairment in Food Ingredients
• Adjusted EPS came in at $1.20, showing operational strength

Leidos delivered a solid start to FY25, reporting higher revenue and profitability driven by strong performance across all major segments and improved execution.

• Revenue rose to $4.25 billion, driven by growth across all customer segments.
• Net income increased to $365 million, with EPS of $2.77.

Jacobs delivered solid results in Q2 2025 with growth in adjusted EPS, revenue, and backlog. While GAAP earnings were impacted by investment losses, the company reaffirmed its full-year guidance, supported by robust operating performance and capital returns.

• Adjusted EPS grew to $1.43, reflecting strong operational execution.
• Backlog rose 20% year-over-year to $22.16 billion.

Supermicro saw a decline in both revenue and net income for Q3 FY2025, reflecting customer hesitation and macroeconomic challenges, though operational cash flow remained strong and the company expressed confidence in upcoming quarters.

• Revenue fell to $4.6B from $5.68B in Q2 FY25, impacted by delayed customer platform decisions.
• Net income dropped to $109M, down significantly from the prior quarter and year.

Gen Digital closed Q4 2025 with record-breaking revenue and profitability, driven by strong Cyber Safety performance and the strategic acquisition of MoneyLion.

• Q4 revenue reached $1.01 billion, up 5% YoY
• Net income for the quarter was $142 million

Ball delivered solid Q1 2025 results with revenue and net income increases, driven by higher volume and pricing across its global beverage packaging segments.

• EPS was $0.63 and comparable EPS was $0.76.
• Revenue reached $3.097 billion, up from $2.874 billion in Q1 2024.

Expeditors posted strong Q1 2025 results with significant gains in revenue and profitability, driven by higher air and ocean freight volumes and strong performance across all business segments.

• Revenue rose 21% year-over-year to $2.67 billion.
• EPS increased 26% to $1.47 per share.

Rivian delivered strong Q1 results with a $206 million gross profit, driven by a growing software segment and improved cost control, despite lower vehicle deliveries and a net loss of $545 million.

• Achieved $206 million in gross profit, the highest in company history.
• Unlocked a $1 billion investment from Volkswagen due to financial milestone.

Kinross Gold delivered robust Q1 2025 performance with revenue rising to $1.5 billion and net income more than tripling year-over-year. Operating and free cash flows surged, supported by higher realized gold prices and increased margins. The company maintained strong financial discipline and resumed share buybacks.

• Net income rose to $368M, over triple Q1 2024 levels.
• Free cash flow more than doubled to $371M.

Jack Henry & Associates delivered a strong third quarter, with GAAP revenue up 8.6% and net income rising 27.6%, driven by continued growth in cloud and processing services.

• Revenue grew 8.6% YoY to $585.1M, with notable strength in cloud and processing segments.
• Net income reached $111.1M, up 27.6% YoY.

Klaviyo posted $279.8 million in revenue with a net loss of $14.1 million. The company saw growth in both total customers and high-value accounts, while raising FY25 guidance.

• Revenue reached $279.8 million, up 33% YoY
• Ended Q1 with over 169,000 customers

American Financial Group's Q1 2025 results showed lower earnings compared to last year, impacted by increased catastrophe losses and reduced investment returns, though core operating earnings remained strong and capital was significantly returned to shareholders.

• Net income was $154 million, down from $242 million in Q1 2024.
• Core net operating earnings reached $152 million.

Sarepta Therapeutics delivered robust revenue growth in Q1 2025, fueled by a surge in ELEVIDYS sales. However, significant R&D investments, including a major licensing agreement with Arrowhead, led to a substantial net loss.

• Total revenue reached $744.9 million, up 80% from the prior year.
• ELEVIDYS revenue hit $375 million, growing 180% YoY.

Assurant posted a net income of $146.6 million and revenue of $3.07 billion in Q1 2025. Performance was impacted by a significant rise in reportable catastrophes, particularly affecting the Global Housing segment. However, the company achieved underlying growth in both Global Lifestyle and Global Housing, excluding catastrophe effects.

• Net income declined 38% to $146.6 million due to $157 million in reportable catastrophes.
• Adjusted earnings per share fell to $3.39, but rose to $5.79 excluding catastrophe losses.

Aramark delivered a strong Q2 performance, achieving higher revenue and profitability, driven by robust international growth, disciplined cost management, and strong client retention.

• Revenue reached $4.28 billion, up 2% year-over-year.
• Net income increased to $61.9 million, driven by cost control and base business growth.

TopBuild's Q1 2025 revenue declined by 3.6% year-over-year to $1.23 billion. Net income decreased to $123.4 million, while adjusted EBITDA margin remained strong at 19.0%. Specialty Distribution sales grew slightly, offsetting part of the Installation segment's decline. The company reaffirmed its full-year outlook.

• Revenue fell 3.6% to $1.23 billion due to weaker Installation segment performance.
• Net income decreased to $123.4 million, with adjusted EPS at $4.63.

Wynn Resorts saw decreased revenue and net income in Q1 2025, driven by lower performance in Macau and slightly softer results in Las Vegas. The company continued capital returns and advanced construction of its UAE project.

• Operating revenue declined to $1.70B from $1.86B year-over-year.
• Macau VIP hold was significantly below expectations, pressuring results.

Fortune Brands delivered Q1 2025 results that aligned with internal expectations, maintaining profitability despite revenue and net income declines.

• Revenue was $1.03 billion, down 7% year-over-year.
• GAAP EPS was $0.42; non-GAAP EPS before charges/gains was $0.66.

Masimo delivered solid financial performance in Q1 2025, highlighted by double-digit revenue growth and significant improvement in non-GAAP earnings.

• GAAP revenue reached $372 million, growing 9.5% year-over-year.
• Non-GAAP EPS rose to $1.36, a 56% increase from the prior year period.

Ingredion delivered a strong first quarter in 2025, with operating income rising by 30% and adjusted EPS reaching $2.97. Despite a 4% year-over-year revenue decline, the company improved its full-year outlook based on volume growth and operational efficiency.

• Adjusted EPS rose to $2.97 from $2.08 in Q1 2024.
• Net income was $197 million, a 9% year-over-year decrease.

Lucid posted higher revenues in Q1 2025 driven by record deliveries, but remained unprofitable with a GAAP net loss of $366.2 million. The company ended the quarter with a strong liquidity position.

• Delivered a record 3,109 vehicles, up 58.1% year-over-year.
• Generated $235 million in revenue during Q1 2025.

Tempus AI delivered a significant 75.4% revenue growth in Q1 2025, driven by both Genomics and Data & Services segments. Despite a net loss, the company showed operating leverage and improved Adjusted EBITDA. Strategic partnerships with AstraZeneca and Pathos highlight future growth opportunities.

• Revenue reached $255.7 million, up 75.4% year-over-year.
• Net loss totaled $68 million, impacted by stock compensation and fair value losses.

Louisiana-Pacific posted $724 million in revenue for Q1 2025, with Siding sales growing 11% to partially offset a 15% drop in OSB revenue. Net income declined to $91 million. Cash from operations was $64 million, and the company raised its siding guidance amid strong order activity.

• Siding segment revenue rose by 11% to $402 million, driven by volume and pricing gains.
• OSB segment revenue dropped 15% to $267 million due to lower prices and volumes.

Sunoco LP delivered robust Q1 2025 results, achieving $207 million in net income and $458 million in adjusted EBITDA, supported by strong performance across all segments and continued growth through strategic acquisitions.

• Net income for Q1 2025 was $207 million, down from $230 million in Q1 2024.
• Adjusted EBITDA reached $458 million, a substantial increase from $242 million in the prior year.

Revenue remained flat year-over-year at $898 million, with strong growth in Xywav and Epidiolex offset by declines in oncology products and litigation expenses impacting profitability.

• Total revenue was $897.8 million, essentially flat compared to Q1 2024.
• Xywav and Epidiolex posted strong year-over-year sales growth of 9% and 10% respectively.

KBR delivered strong Q1 FY2025 results, with double-digit growth in revenue and earnings driven by robust demand in both Mission Technology and Sustainable Technology segments. Operating income and adjusted EBITDA also showed solid improvements.

• Revenue increased 13% YoY to $2.055 billion.
• Adjusted EPS rose to $0.98 from $0.77, a 27% increase.

CCC Intelligent Solutions posted an 11% revenue increase in Q1 2025, surpassing expectations with strong adjusted EBITDA margin and notable business wins. However, the company recorded a GAAP net loss due to higher expenses and integration-related costs.

• Revenue rose to $251.6 million, up from $227.2 million in Q1 2024.
• Adjusted EBITDA reached $99.1 million with a margin of 39%.

Chord Energy delivered a strong Q1 2025, with net income of $219.8 million and adjusted free cash flow of $290.5 million, surpassing production and cost guidance while maintaining high shareholder returns.

• Net income reached $219.8 million, with adjusted EPS of $4.04.
• Total production volume hit 270,900 Boepd, exceeding guidance.

Halozyme posted a 35% increase in total revenue for Q1 2025, driven by strong royalty income, and achieved significant growth in net income and EPS.

• Total revenue grew to $264.9 million, a 35% increase from Q1 2024.
• Net income rose 54% year-over-year to $118.1 million.

Voya Financial delivered solid results in Q1 2025 with higher adjusted EPS, benefiting from the acquisition of OneAmerica's retirement business and positive capital market conditions. While net income declined YoY due to prior-year non-recurring gains, operating performance was strong across Wealth Solutions and Investment Management.

• Adjusted operating EPS rose to $2.00, supported by OneAmerica acquisition and capital markets tailwinds.
• Net income was $139 million, down from $234 million YoY, due to absence of prior-year tax and investment gains.

Coty reported a net loss of $409 million in Q3 2025 with revenue declining 6% year-over-year. The company emphasized cost control, adjusted operating income growth, and strategic plans for FY26 amid continued market challenges.

• Revenue fell 6% to $1.299 billion, with FX headwinds contributing 3% to the decline.
• Adjusted EPS was $0.01, while GAAP EPS stood at -$0.47.

Cytokinetics reported a net loss of $161.4 million for Q1 2025, with total revenues of $1.6 million. The company maintained a strong cash position of approximately $1.1 billion and continued to advance its clinical pipeline, including the extension of the PDUFA date for aficamten and completion of enrollment for ACACIA-HCM.

• The PDUFA date for aficamten in obstructive HCM was extended by the FDA to December 26, 2025, to allow time for REMS submission review.
• Topline results from the MAPLE-HCM clinical trial are expected in May 2025.

Knife River Corporation reported a 7% increase in consolidated revenue for the first quarter of 2025, reaching $353.5 million, primarily driven by increased contracting services revenue and price increases. Despite the revenue growth, the company experienced a net loss of $68.7 million, an increase from the prior year, primarily due to higher costs in materials and increased selling, general, and administrative expenses.

• Consolidated revenue for Q1 2025 increased by 7% to $353.5 million.
• The company reported a net loss of $68.7 million for the first quarter.

Qualys, Inc. announced robust financial results for the first quarter ended March 31, 2025, with revenues reaching $159.9 million, a 10% increase year-over-year. GAAP net income was $47.5 million, and non-GAAP net income was $61.4 million. The company also reported a substantial 28% increase in operating cash flow to $109.6 million.

• Revenues increased by 10% year-over-year to $159.9 million.
• GAAP net income rose by 20% to $47.5 million, with GAAP diluted EPS at $1.29.

Lear Corporation reported a decrease in revenue and net income in the first quarter of 2025 compared to the prior year, despite an increase in operating margins for both Seating and E-Systems segments. The company delivered solid operating performance despite lower industry production in its largest markets.

• Delivered revenue of $5.6 billion, a decrease from $6.0 billion in the first quarter of 2024.
• Reported net income of $81 million and adjusted net income of $169 million, down from the prior year.

Novanta's first quarter 2025 results met or exceeded expectations, with GAAP revenue increasing 1% to $233.4 million and GAAP Net Income increasing 45% to $21.2 million. Adjusted EBITDA also saw a slight increase.

• GAAP Revenue for Q1 2025 was $233.4 million, a 1.1% increase from Q1 2024.
• GAAP Net Income increased by 45% to $21.2 million in Q1 2025.

Intapp achieved strong financial results in the third quarter of fiscal year 2025, with significant year-over-year growth in total revenue, SaaS revenue, and Cloud ARR. The company also reported improved GAAP operating loss and non-GAAP operating income, as well as non-GAAP net income and diluted net income per share.

• Total revenue for Q3 FY2025 was $129.1 million, a 17% increase year-over-year.
• SaaS revenue reached $84.9 million, growing 28% compared to the same quarter last year.

Sealed Air Corporation's first quarter 2025 results were ahead of expectations, driven by continued execution on business fundamentals, organic growth in Food business, and stabilization in Protective business volumes. The company maintained its full-year guidance despite a limited-visibility market environment.

• Net sales decreased by 4.3% to $1.272 billion, with a 2.0% decrease on a constant currency basis.
• Diluted EPS increased by 38.6% to $0.79, while Adjusted Diluted EPS increased by 3.8% to $0.81.

Lumentum announced fiscal third quarter 2025 net revenue of $425.2 million, a GAAP net loss of $44.1 million, and a non-GAAP net income of $40.9 million. The company exceeded its guidance for both revenue and EPS, primarily due to strong cloud customer demand and a recovering networking market.

• Net revenue for Q3 2025 was $425.2 million, an increase of 5.7% sequentially and 16.0% year-over-year.
• GAAP diluted net loss per share was $0.64, while non-GAAP diluted net income per share was $0.57.

Kontoor Brands, Inc. reported first quarter 2025 financial results with revenue of $623 million, a 1% decrease compared to the prior year (flat on a constant currency basis). The company achieved a reported gross margin of 47.5% and an adjusted gross margin of 47.7%, an increase of 200 basis points. Adjusted operating income increased by 4% to $96 million, and adjusted EPS rose by 3% to $1.20. Inventory decreased by 12% year-over-year.

• Revenue for Q1 2025 was $623 million, a 1% decrease year-over-year (flat on a constant currency basis).
• Adjusted gross margin expanded by 200 basis points to 47.7%, primarily due to lower product costs, Project Jeanius, and supply chain efficiencies.

Varonis Systems, Inc. reported a strong first quarter for 2025, with total revenues increasing to $136.4 million and SaaS revenues significantly growing to $88.6 million. The company also saw a 19% year-over-year increase in Annual Recurring Revenue (ARR) and generated healthy cash flow from operations, leading to raised full-year ARR guidance.

• Total revenues for Q1 2025 were $136.4 million, an increase from $114.0 million in Q1 2024.
• SaaS revenues reached $88.6 million in Q1 2025, up from $34.0 million in Q1 2024, indicating strong platform adoption.

Grand Canyon Education, Inc. reported a solid first quarter for 2025, with service revenue increasing by 5.3% year-over-year, driven primarily by a 5.8% rise in partner enrollments. Both net income and diluted EPS also saw increases compared to the same period last year.

• Service revenue for Q1 2025 was $289.3 million, a 5.3% increase from Q1 2024.
• Partner enrollments grew by 5.8% to 127,779 as of March 31, 2025.

Arcosa, Inc. reported strong first quarter 2025 results with revenues of $632.0 million, a 6% increase year-over-year, and a 12% increase excluding the divested steel components business. Net income decreased by 40% to $23.6 million, while Adjusted EBITDA grew 19% to $109.9 million, expanding its margin by 190 basis points excluding divestiture. The company reaffirmed its full-year 2025 consolidated revenue and Adjusted EBITDA guidance.

• Adjusted EBITDA grew 26% (excluding divested steel components), outpacing a 12% revenue increase (excluding divestiture).
• Adjusted EBITDA Margin, excluding divestiture, expanded by 190 basis points to 17.4%.

California Resources Corporation (CRC) delivered a strong start to 2025, achieving a net income of $115 million and adjusted EBITDAX of $328 million. The company generated $131 million in free cash flow and returned $258 million to stakeholders, including $100 million in share repurchases and $35 million in dividends. Average net production remained flat quarter-over-quarter at 141 MBoe/d.

• Reported net income of $115 million and adjusted EBITDAX of $328 million.
• Generated $131 million in free cash flow and $186 million of net cash provided by operating activities.

Krystal Biotech reported strong first-quarter 2025 results driven by VYJUVEK revenue, achieving $88.2 million in product sales and a net income of $35.7 million. The company also secured European approval for VYJUVEK and advanced its pipeline with a new ophthalmic program and upcoming clinical readouts.

• VYJUVEK approved in Europe for the treatment of DEB patients from birth
• $88.2 million in 1Q VYJUVEK revenue and $429.4 million since launch in Q3 2023

Amentum Holdings, Inc. announced strong second quarter fiscal year 2025 results, with revenues reaching $3.491 billion, a 70% increase year-over-year. The company reported a net income of $4 million and diluted EPS of $0.02, a significant improvement from a net loss in the prior year. Pro forma revenues grew 1% and Adjusted EBITDA increased 3% year-over-year, driven by growth in Digital Solutions and improved operating performance.

• Revenues increased 70% year-over-year to $3.491 billion, primarily due to the combination with Jacobs' Critical Mission Solutions and Cyber & Intelligence (CMS) businesses.
• Net income improved significantly to $4 million from a loss of $41 million in the prior year, driven by higher operating income and lower interest expense.

American Express Global Business Travel (Amex GBT) delivered strong financial results in the first quarter of 2025, with revenue growing 2% year over year to $621 million and Adjusted EBITDA increasing 15% to $141 million. The company also achieved significant margin expansion and continued share gains, while lowering its leverage ratio.

• Revenue increased by 2% year over year to $621 million, or 4% on a constant currency, workday adjusted basis.
• Adjusted EBITDA grew by 15% year over year to $141 million, with Adjusted EBITDA margin expanding by 260 bps.

Sabra Health Care REIT reported strong first quarter 2025 results with significant growth in senior housing managed portfolio and improved lease coverage across portfolios. The company maintained ample liquidity and a stable credit rating while continuing to focus on strategic investments.

• Net Income per diluted common share was $0.17 for Q1 2025.
• Normalized AFFO per diluted common share was $0.37 for Q1 2025.

Ultragenyx reported total revenue of $139 million for the first quarter of 2025, representing 28% growth year-over-year. Net loss improved to $151 million, or $1.57 per share, compared to a net loss of $171 million, or $2.03 per share, in the same period last year. The company reaffirmed its full-year 2025 financial guidance.

• Total revenue for Q1 2025 was $139 million, a 28% increase from Q1 2024.
• Crysvita revenue in Q1 2025 was $103 million, a 25% increase from Q1 2024.

Avient Corporation reported first quarter 2025 sales of $826.6 million, a slight decrease from $829.0 million in the prior year quarter. GAAP EPS was ($0.22), impacted by special items, while adjusted EPS remained flat at $0.76. The company achieved organic sales growth for the fourth consecutive quarter and expanded adjusted EBITDA margins.

• First quarter sales were $826.6 million, a slight decrease from $829.0 million in the prior year quarter.
• GAAP EPS was ($0.22), significantly lower than $0.54 in the prior year, primarily due to an impairment related to ceasing S/4HANA development.

BlackLine delivered solid first quarter results, exceeding expectations in bookings and expanding margins. The company saw growth in Studio360 adoption, traction with its new pricing strategy, and progress in its public sector business, while continuing to innovate across its platform with Agentic AI experiences.

• Total GAAP revenues increased by 6% to $166.9 million compared to the first quarter of 2024.
• GAAP operating margin improved to 2.1% from 1.1% in the first quarter of 2024.

Enpro delivered a strong performance in the first quarter of 2025, with net sales increasing by 6.1% year-over-year to $273.2 million. Net income surged by 96% to $24.5 million, and adjusted diluted EPS rose by 21% to $1.90. Both the Sealing Technologies and Advanced Surface Technologies segments contributed to the growth and improved profitability, reflecting continued strong execution.

• Net sales increased by 6.1% to $273.2 million in Q1 2025 compared to Q1 2024.
• Net income grew significantly by 96% to $24.5 million, up from $12.5 million in the prior year.

DigitalOcean delivered a robust quarter with 14% revenue growth and a 170% surge in net income, fueled by AI-driven customer expansion and product innovation.

• Revenue reached $211 million, a 14% increase year-over-year.
• Net income rose to $38.2 million, representing an 18% margin.

PTC Therapeutics reported a total net product and royalty revenue of $190 million for the first quarter of 2025. The company also announced a positive CHMP opinion for Sephience and progress in its global launch activities, maintaining a strong cash position of over $2.0 billion.

• First quarter 2025 total net product and royalty revenue reached $190 million.
• Positive CHMP opinion for Sephience MAA was received, with NDA review on track for July 29, 2025 PDUFA date.

Resideo reported strong first-quarter 2025 financial results, with net revenue increasing 19% year-over-year to $1.77 billion, at the high end of their outlook range. Both the ADI and Products and Solutions segments showed organic revenue growth and gross margin expansion, contributing to a 23% increase in Adjusted EBITDA to $168 million. Despite a decrease in GAAP net income due to a significant increase in the Honeywell Reimbursement Agreement expense, Adjusted EPS exceeded the high end of the outlook range.

• Net revenue grew 19% year-over-year to $1.77 billion, reaching the high end of the outlook.
• Adjusted EBITDA increased 23% year-over-year to $168 million, also at the high end of the outlook.

Otter Tail Corporation delivered first quarter earnings of $68.1 million, or $1.62 per diluted share, in line with expectations. The Electric segment saw increased revenues due to favorable weather and customer demand, while the Manufacturing segment experienced decreased revenues and net income due to softening end market demand. The Plastics segment maintained strong product demand and increased sales volumes despite declining prices.

• Consolidated earnings for the first quarter were $68.1 million, or $1.62 per diluted share.
• The Electric segment's net income increased by 10.0% compared to the prior year, driven by higher revenues.

IAMGOLD reported revenues of $477.1 million and net earnings of $39.7 million for Q1 2025. The Côté Gold mine, which commenced production in March 2024, significantly contributed to gold production and sales, leading to a substantial increase in overall revenues compared to the prior year. The company's average realized gold price also saw a notable increase.

• Attributable gold production was 161,000 ounces in the first quarter, with Côté Gold contributing 51,000 attributable ounces.
• Revenues increased by 41% to $477.1 million, primarily due to Côté Gold's new gold sales and a higher average realized gold price of $2,731 per ounce.

Gulfport Energy delivered strong first quarter 2025 results, exceeding company expectations with total net production of 929.3 MMcfe per day and generating $36.6 million in adjusted free cash flow. The company reaffirmed its full-year 2025 guidance and announced a strategic shift in late 2025 drilling activity towards dry gas Utica development to optimize future returns.

• Total net production reached 929.3 MMcfe per day, with net liquids production increasing 14% over Q1 2024.
• Adjusted EBITDA was $218.3 million, and adjusted free cash flow totaled $36.6 million.

Teradata announced its first quarter 2025 financial results, with public cloud ARR increasing by 15% to $606 million. Total revenue decreased by 10% to $418 million, while GAAP diluted EPS was $0.45 and non-GAAP diluted EPS was $0.66.

• Public cloud ARR increased by 15% as reported and 16% in constant currency from the prior year period, reaching $606 million.
• GAAP operating margin improved to 15.8%, up 550 bps year-over-year, and non-GAAP operating margin was 21.8%, up 270 bps year-over-year.

IPG Photonics reported a decline in revenue and net income for the first quarter of 2025 compared to the prior year, primarily due to lower sales in materials processing. However, the company saw growth in medical and advanced applications and achieved revenue, adjusted EPS, and adjusted EBITDA above the midpoint of their guidance. The book-to-bill ratio was above one, indicating positive bookings momentum.

• Revenue for Q1 2025 was $227.8 million, a 10% decrease year over year.
• GAAP diluted EPS was $0.09, an 83% decrease year over year.

Douglas Emmett reported total revenues of $251.5 million for Q1 2025, with a net income attributable to common stockholders of $39.8 million, resulting in an EPS of $0.24. The company achieved positive absorption in its Total Portfolio with over 300,000 square feet of new leases.

• Total revenues for Q1 2025 were $251.5 million, up from $245.0 million in Q1 2024.
• Net income attributable to common stockholders significantly increased to $39.8 million in Q1 2025 from $8.9 million in Q1 2024.

Powell Industries announced robust second quarter fiscal 2025 results, with revenues increasing by 9% to $279 million and net income rising by 38% to $46 million. The company achieved a gross profit margin of 29.9%, reflecting strong operational efficiency and project execution. New orders totaled $249 million, and the backlog remained stable at $1.3 billion.

• Revenues increased by 9% to $279 million compared to the prior year.
• Gross profit rose by 33% to $83 million, with a gross margin of 29.9%.

Atkore reported a net loss of $50.1 million on net sales of $701.7 million for the second quarter of fiscal year 2025. Net sales decreased by 11.5% primarily due to lower average selling prices, partially offset by a 5% increase in organic volume.

• Net sales decreased by 11.5% to $701.7 million compared to the prior year.
• The decrease in net sales was primarily driven by lower average selling prices, despite a 5% increase in organic volume.

Mercury General Corporation experienced a substantial net loss of $108.3 million in the first quarter of 2025, a significant decline from a net income of $73.5 million in the prior year. This downturn was largely driven by a dramatic increase in catastrophe losses, which surged to $447 million from $72 million in Q1 2024, primarily due to Southern California wildfires. Despite an increase in net premiums earned, the combined ratio worsened considerably, indicating a less profitable underwriting performance.

• Net premiums earned increased by 10.0% to $1.28 billion in Q1 2025, reflecting growth in the core insurance business.
• The company reported a net loss of $108.3 million, a significant reversal from a net income of $73.5 million in the same period last year.

The Chemours Company reported net sales of $1.4 billion in the first quarter of 2025, in line with the prior-year quarter. The company experienced a net loss of $4 million, or $0.03 per diluted share, compared to net income of $54 million in the prior-year quarter. Adjusted EBITDA decreased by 13% year-over-year.

• Net Sales in Q1 2025 were $1.4 billion, consistent with Q1 2024.
• The company reported a Net Loss of $4 million in Q1 2025, a significant decrease from Net Income of $54 million in Q1 2024.

USA Compression Partners reported a solid first quarter for 2025, with total revenues increasing to $245.2 million compared to the same period last year. The company saw increases in Adjusted EBITDA and Distributable Cash Flow, driven by a record average revenue per revenue-generating horsepower per month.

• Total revenues increased to $245.2 million in Q1 2025 from $229.3 million in Q1 2024.
• Adjusted EBITDA grew to $149.5 million in Q1 2025 from $139.4 million in Q1 2024.

The Baldwin Group reported strong first quarter 2025 results, with total revenue increasing by 9% to $413.4 million and organic revenue growth reaching 10%. Adjusted EBITDA grew by 12% to $113.8 million, and adjusted diluted EPS increased by 16% to $0.65, demonstrating the company's resilience and financial flexibility.

• Total revenue increased 9% year-over-year to $413.4 million.
• Organic revenue growth was 10% year-over-year.

J&J Snack Foods reported a decrease in net sales by 1.0% to $356.1 million and a significant drop in net earnings by 64% to $4.8 million for the second quarter of fiscal 2025, compared to the prior year. This decline was mainly driven by lower volumes in Frozen Beverage and Food Service, foreign exchange headwinds, and continued cost inflation.

• Net sales decreased by 1.0% to $356.1 million in Q2 2025 compared to the prior year.
• Net earnings fell by 64% to $4.8 million, with diluted EPS at $0.25.

Driven Brands reported a 7% increase in revenue for the first quarter of 2025, reaching $516.2 million. Net income rose to $6 million or $0.04 per diluted share, compared to $4 million or $0.02 per diluted share in the prior year. Adjusted Net Income was $44 million or $0.27 per diluted share. Adjusted EBITDA increased by 2% to $125 million. The company also completed the divestiture of its U.S. car wash business.

• Achieved 17th consecutive quarter of same store sales growth.
• Take 5 Oil Change business delivered 15% revenue growth and 8% same store sales growth.

Energizer Holdings, Inc. reported net sales of $662.9 million for the second fiscal quarter ended March 31, 2025, driven by 1.4% organic growth. The company achieved a gross margin of 39.1% and an adjusted gross margin of 40.8%. Net earnings were $28.3 million, with adjusted diluted EPS of $0.67.

• Net sales reached $662.9 million, with organic growth of 1.4%, marking the fourth consecutive quarter of organic revenue growth.
• Gross margin improved to 39.1% on a reported basis and 40.8% as adjusted, a 30 basis point improvement over the prior year's adjusted gross margin.

Mercury Systems delivered solid results in the third quarter of fiscal 2025, meeting or exceeding expectations with increased revenue, improved adjusted EBITDA and margin, and strong free cash flow. The company also saw an increase in total backlog.

• Total revenue for Q3 FY2025 was $211.4 million, a slight increase compared to Q3 FY2024.
• GAAP net loss improved significantly to $19.2 million, or $0.33 per share, compared to a loss of $44.6 million, or $0.77 per share, in the prior year.

Dream Finders Homes achieved strong performance in the first quarter of 2025, with significant increases in homebuilding revenues, closings, and net new orders compared to the prior year. The company also saw an improvement in homebuilding gross margin and completed several strategic acquisitions to expand its market presence.

• Homebuilding revenues increased 18% to $970 million.
• Home closings increased 16% to 1,925.

Flywire reported a robust first quarter for 2025, with revenue increasing 17.0% year-over-year to $133.5 million. The company also saw significant growth in Total Payment Volume, up 20.4% to $8.4 billion, and improved Adjusted EBITDA to $21.6 million, demonstrating strong operational efficiency and sales momentum.

• Revenue increased 17.0% year-over-year to $133.5 million in Q1 2025.
• Total Payment Volume grew 20.4% to $8.4 billion in Q1 2025.

Clover Health demonstrated a strong start to the year with a 33.3% increase in total revenues to $462.3 million and a significant improvement in profitability, reducing its GAAP Net loss to $1.3 million from $23.2 million in the prior year. The company also saw a 30% year-over-year growth in Medicare Advantage membership.

• Medicare Advantage membership increased by 30% year-over-year to 103,418.
• Total revenues grew by 33% year-over-year to $462 million.

Kulicke & Soffa reported second quarter net revenue of $162.0 million, a net loss of $84.5 million, and a non-GAAP net loss of $27.9 million. The company's results were significantly impacted by pre-tax charges of approximately $86.6 million related to the intended cessation of its Electronics Assembly equipment business.

• Net revenue for the second fiscal quarter was $162.0 million.
• The company reported a GAAP net loss of $84.5 million, or $(1.59) per fully diluted share.

Atomera Incorporated reported a net loss of $5.2 million for the first quarter of 2025, with total assets of $26.252 million and cash and cash equivalents of $24.123 million. The company highlighted strategic marketing agreements and expanded engagements.

• Atomera incurred a net loss of $5.2 million in Q1 2025, compared to a net loss of $4.8 million in Q1 2024.
• Adjusted EBITDA for Q1 2025 was a loss of $4.4 million, compared to a loss of $4.0 million in Q1 2024.

MasterBrand, the largest residential cabinet manufacturer in North America, reported mixed results for the first quarter of 2025. While net sales increased by 3% year-over-year, driven by the Supreme acquisition, the company experienced a substantial decrease in net income and adjusted EBITDA, attributed to weaker end market demand, higher expenses from the acquisition, and unfavorable fixed cost leverage. The company also updated its full-year 2025 financial outlook, anticipating a low single-digit decrease in net sales.

• Net sales increased 3% year-over-year to $660.3 million, primarily due to the Supreme acquisition.
• Net income decreased 65% year-over-year to $13.3 million, largely due to higher SG&A, interest expense, restructuring costs, and intangible asset amortization from the Supreme acquisition.

Peabody had a strong start to 2025, with solid volumes and good cost management mitigating the impact of cyclically low seaborne coal prices. All segments generated favorable Adjusted EBITDA, and U.S. operations benefited from positive policy backdrop and good supply/demand fundamentals.

• Reported first quarter Adjusted EBITDA of $144 million and generated operating cash flow of $120 million.
• Contained costs successfully with average costs per ton below guidance levels in Seaborne Thermal and Metallurgical segments, and near the low end of guidance in PRB and Other U.S. Thermal segments.

Vera Therapeutics reported a net loss of $51.7 million for the first quarter of 2025, a significant increase compared to the net loss of $28.4 million in the same period last year. The company is on track to announce pivotal Phase 3 trial results for atacicept in IgAN in Q2 2025 and plans for a BLA submission in Q4 2025.

• Net loss for Q1 2025 was $51.7 million, a substantial increase from $28.4 million in Q1 2024.
• Net loss per share for Q1 2025 was $0.81 compared to $0.56 in Q1 2024.

Premier's overall revenue and profitability grew sequentially and exceeded expectations for the third quarter, largely due to better-than-anticipated results in the Supply Chain Services segment. The company is increasing its adjusted EBITDA and adjusted EPS guidance and reaffirming the midpoint of its consolidated revenue guidance range.

• Total net revenue for the third quarter of fiscal-year 2025 was $261.4 million, a 9% decrease from the prior-year period.
• GAAP net income from continuing operations was $27.6 million, or $0.32 per fully diluted share.

Revolve Group delivered strong first-quarter 2025 results with double-digit top-line growth, significant growth in operating income, and strong operating cash flow, driven by effective execution and efficiency improvements.

• Net sales increased by 10% year-over-year to $296.7 million.
• Operating income grew by 57% year-over-year to $14.7 million.

Harmony Biosciences reported strong year-over-year revenue growth for WAKIX® of 20% in the first quarter 2025, building on four consecutive years of profitability, and increased cash and investments to over $600 million on the balance sheet.

• WAKIX® net revenue was $184.7 million for Q1 2025, representing 20% growth year-over-year.
• Net income grew 19% year-over-year, continuing a trend of four consecutive years of profitability.

Supernus Pharmaceuticals reported a 4% increase in total revenues to $149.8 million for the first quarter of 2025, driven by strong growth in Qelbree® and GOCOVRI® sales. Despite an increase in operating loss, adjusted operating earnings saw a significant rise. The company also successfully launched ONAPGO™.

• Total revenues increased 4% to $149.8 million in Q1 2025 compared to the same period in 2024.
• Qelbree® net sales surged by 44% to $64.7 million, and GOCOVRI® net sales increased by 16% to $30.7 million.

UFP Technologies, Inc. announced record first-quarter results for 2025, with net income rising to $17.2 million and diluted EPS reaching $2.21. Net sales increased to $148.1 million, up from $105.0 million in the prior year, primarily due to strong growth in the MedTech business.

• Net income increased 35.4% to $17.2 million in Q1 2025.
• Diluted EPS rose to $2.21 in Q1 2025, up from $1.64 in Q1 2024.

Genius Sports announced strong financial results for Q1 2025, with Group Revenue increasing by 20% year-over-year to $144.0 million and Group Adjusted EBITDA nearly tripling to $19.8 million. The company also significantly reduced its net loss to ($8.2 million) from ($25.5 million) in the prior year.

• Group Revenue increased 20% year-over-year to $144.0 million.
• Group Adjusted EBITDA nearly tripled, increasing by 188% year-over-year to $19.8 million.

Vestis Corporation announced its second quarter fiscal 2025 results, reporting a revenue of $665 million and an operating loss of $9 million. The company's Adjusted EBITDA was $48 million, which includes a $15 million one-time bad debt expense. Despite the challenges, Vestis improved new customer sales and amended its credit agreement to strengthen its balance sheet and provide additional financial flexibility.

• Second quarter fiscal 2025 revenue totaled $665.2 million, a decrease of $40.1 million year over year.
• The company generated an operating loss of $8.6 million during the period, a decrease of $51.6 million compared to the second quarter of 2024.

Omnicell reported strong financial results for the first quarter of 2025, with total revenues of $270 million, up 10% year-over-year, and non-GAAP net income of $12 million, or $0.26 per diluted share. This exceeded the company's guidance ranges for both metrics. The increase in revenue was primarily driven by the XT Amplify program and growth in SaaS and Expert Services.

• Total revenues for Q1 2025 were $270 million, a 10% increase compared to Q1 2024.
• GAAP net loss for Q1 2025 was $7 million, or $0.15 per diluted share, an improvement from a $16 million loss in Q1 2024.

VSE Corporation reported record revenue of $256.0 million and GAAP Net Income of $14.0 million for the first quarter of 2025, marking a significant increase compared to the prior year. The company also completed the divestiture of its Fleet segment, solidifying its focus on the aviation aftermarket.

• Total Revenues increased by 57.7% to $256.0 million.
• GAAP Net Income surged by 152.0% to $14.0 million.

Jamf announced strong financial results for the first quarter ended March 31, 2025, with total revenue increasing 10% year-over-year to $167.6 million and non-GAAP operating income reaching $37.6 million, or 22% of total revenue. The company also completed the acquisition of Identity Automation and launched new platform solutions.

• Total revenue for Q1 2025 increased 10% year-over-year to $167.6 million.
• Non-GAAP operating income was $37.6 million, or 22% of total revenue, significantly up from $22.1 million (15%) in Q1 2024.

Allegiant Travel Company reported a successful first quarter of 2025 with increased revenue and significant improvement in operating and net income compared to the prior year. The company achieved a strong airline-only operating margin despite macroeconomic uncertainties impacting domestic demand.

• Total operating revenue increased by 6.5% to $699.1 million.
• GAAP diluted earnings per share were $1.73, a significant improvement from a loss in the prior year.

Enlight Renewable Energy announced robust financial results for the first quarter of 2025, with total revenues and income reaching $129,869,000, a 39% increase year-over-year. Net income surged by 316% to $101,803,000, and Adjusted EBITDA grew by 84% to $131,715,000. The company's diversified procurement strategy and strategic asset sales contributed significantly to these positive outcomes.

• Revenues and income increased by 39% year-over-year to $130 million.
• Adjusted EBITDA grew by 84% year-over-year to $132 million.

TreeHouse Foods reported a decrease in net sales for the first quarter of 2025 compared to the prior year, primarily due to unfavorable volume/mix and service impacts from a product recall. However, the company saw an increase in gross profit and adjusted EBITDA, driven by supply chain savings, favorable pricing, and the impact of an acquisition. The company reiterated its full-year 2025 guidance.

• Net sales for Q1 2025 were $792.0 million, a decrease of 3.5% from Q1 2024.
• Gross profit margin increased to 14.5% in Q1 2025 from 13.6% in Q1 2024.

eXp World Holdings reported a 1% increase in revenue to $954.9 million for Q1 2025, but experienced a net loss of $(11.0) million. Despite the loss, the company highlighted its strong position, international expansion, and focus on agent productivity and technology.

• Revenue increased by 1% to $954.9 million compared to the same period last year.
• The company reported a net loss of $(11.0) million, resulting in a loss per diluted share of $(0.07).

DHT Holdings, Inc. announced its first quarter 2025 results, reporting a net profit of $44.1 million, or $0.27 per basic share. Shipping revenues for the quarter were $118.2 million, a decrease from $145.9 million in Q1 2024. The company achieved average combined time charter equivalent earnings of $38,200 per day.

• Net profit for Q1 2025 was $44.1 million, equating to $0.27 per basic share, including a $19.8 million gain on vessel sale.
• Average combined time charter equivalent earnings reached $38,200 per day in Q1 2025.

Ingevity reported a decrease in net sales for Q1 2025, primarily due to repositioning actions in Performance Chemicals. However, the company saw an increase in adjusted EBITDA and improved adjusted EBITDA margin, driven by successful repositioning and continued strong profitability in Performance Materials. Net income and EPS were positive despite special charges.

• Net sales decreased by 17% to $284.0 million, mainly due to the exit of certain lower-margin end markets in Performance Chemicals.
• Net income was $20.5 million with diluted EPS of $0.56, impacted by $20.2 million in before-tax special charges.

Arcutis Biotherapeutics delivered excellent performance in Q1 2025, with net product revenue for ZORYVE reaching $63.8 million, a 196% increase year-over-year. The company reported a net loss of $25.1 million, or $0.20 per basic and diluted share, an improvement from the $35.4 million net loss in the prior year. Demand for ZORYVE continued to grow, solidifying its position as a leading non-steroidal topical treatment.

• Q1 2025 net product revenue for ZORYVE was $63.8 million, a 196% increase compared to Q1 2024.
• ZORYVE maintained its position as the most prescribed branded non-steroidal topical treatment across three major inflammatory skin conditions.

Xometry, Inc. announced strong financial results for the first quarter ended March 31, 2025, with total revenue increasing 23% year-over-year to a record $151 million, driven by robust marketplace growth. The company achieved positive Adjusted EBITDA of $0.1 million, a significant improvement from the previous year.

• Q1 revenue increased 23% year-over-year to a record $151 million.
• Q1 marketplace revenue increased 27% year-over-year, accelerating from Q4 2024.

Dynavax reported a strong first quarter in 2025, achieving its highest first quarter net product revenue for HEPLISAV-B to date, with total revenues increasing by 34% year-over-year. The company also made significant progress in its pipeline, with key clinical trial milestones for shingles and plague vaccine programs, and new programs in pandemic influenza and Lyme disease entering clinical development.

• Record HEPLISAV-B net product revenue of $65.0 million, a 36% increase year-over-year.
• Total revenues reached $68.2 million, up 34% from the first quarter of 2024.

Grocery Outlet reported increased net sales and gross profit for the first quarter of fiscal 2025, driven by new store sales and improved inventory management. Despite an operating loss and net loss due to restructuring charges, adjusted net income and adjusted EBITDA saw significant increases.

• Net sales increased by 8.5% to $1.13 billion.
• Comparable store sales increased by 0.3%.

NW Natural Holdings reported strong Q1 2025 results, with GAAP EPS of $2.18 and adjusted EPS of $2.28, showing significant increases from the prior year. The company's performance was boosted by new rates, the acquisition of SiEnergy, and growth in their water and renewables businesses. They also announced an agreement to acquire another Texas gas utility, Hughes Gas Resources, Inc.

• Reported GAAP EPS of $2.18 and adjusted EPS of $2.28 for Q1 2025.
• Net income increased by $24.1 million to $87.9 million compared to Q1 2024.

Kosmos Energy posted a net loss of $111 million in Q1 2025, with revenues down due to reduced production and underliftings. Despite this, the company successfully exported its first LNG cargo post-quarter, maintained liquidity, and reiterated its full-year production guidance.

• Reported a net loss of $111 million due to underlift and lower production.
• Free cash flow was negative at -$91 million, reflecting timing and maintenance.

Cipher Mining reported first quarter 2025 revenue of $49 million, a 16% increase quarter over quarter. The company posted a GAAP net loss of $39 million, but achieved non-GAAP adjusted earnings of $6 million. Key achievements include signing a JV financing partner for Barber Lake and nearing completion of Phase I infrastructure at Black Pearl, with anticipated rig deployment ahead of schedule.

• Revenue for Q1 2025 was $49 million, marking a 16% increase quarter over quarter.
• The company reported a GAAP net loss of $39 million, or $0.11 per diluted share, and non-GAAP adjusted earnings of $6 million, or $0.02 per diluted share.

WK Kellogg Co's first quarter 2025 results showed a 6.2% decrease in reported net sales and a 45.5% decrease in reported net income year-over-year. This performance led the company to lower its full-year 2025 guidance for organic net sales growth and adjusted EBITDA growth.

• Reported net sales decreased by 6.2% year-over-year to $663 million.
• Reported net income decreased by 45.5% year-over-year to $18 million.

AdaptHealth Corp. announced its first quarter 2025 financial results, reporting a net revenue of $777.9 million, a 1.8% decrease compared to the previous year. The company experienced a net loss of $7.2 million and a 19.3% decrease in Adjusted EBITDA to $127.9 million. Despite these declines, cash flow from operations significantly increased to $95.5 million.

• Net revenue decreased by 1.8% to $777.9 million compared to $792.5 million in Q1 2024.
• The company reported a net loss attributable to AdaptHealth Corp. of $7.2 million, a larger loss than the $2.1 million in Q1 2024.

The Andersons, Inc. reported a net income attributable to the company of $0.3 million, or $0.01 per diluted share, and adjusted net income of $4 million, or $0.12 per diluted share for the first quarter of 2025. Renewables segment performed strongly with $25 million in pretax income, while Agribusiness recorded a pretax loss of $10 million due to stagnant market conditions.

• Company reported net income attributable to The Andersons of $0.3 million, or $0.01 per diluted share.
• Adjusted EBITDA was $57 million, an increase of $6.1 million from the prior year.

Helios Technologies reported first quarter 2025 net sales of $195.5 million, an 8% decrease compared to the prior year but a 9% increase sequentially. The company exceeded its quarterly estimates, driven by stronger demand and operational improvements, leading to increased operating income and improved cash flow and balance sheet metrics.

• First quarter net sales were $195.5 million, down 8% year-over-year but up 9% sequentially.
• Diluted EPS was $0.22 and diluted Non-GAAP EPS was $0.44, up 57% and 33% respectively over the fourth quarter of 2024.

agilon health reported total revenues of $1.53 billion in the first quarter of 2025. The company saw a decrease in total members on the platform compared to the previous year, primarily due to market exits, but membership growth in new markets and same geography growth partially offset this impact. Net income for the quarter was positive, a significant improvement from a net loss in the same period of the prior year.

• Total revenues for Q1 2025 were $1.53 billion, a 4% decrease year-over-year.
• Medicare Advantage membership reached 491,000 as of March 31, 2025.

Cadre Holdings, Inc. reported first-quarter 2025 net sales of $130.1 million, a decrease from $137.9 million in the prior year, primarily due to large order shipment timing. Despite this, net income increased to $9.2 million from $6.9 million, and gross profit margin improved to 43.1% from 41.8%, driven by favorable mix and pricing.

• Net sales for Q1 2025 were $130.1 million, a decrease from $137.9 million in Q1 2024.
• Net income for Q1 2025 increased to $9.2 million, up from $6.9 million in Q1 2024.

Select Water Solutions had a strong start to 2025 with increased revenue, net income, and adjusted EBITDA in the first quarter compared to the previous quarter. The company also expanded its Water Infrastructure segment with new long-term contracts and strategic acquisitions.

• Consolidated revenue for Q1 2025 was $374.4 million, a 7% sequential increase.
• Net income increased by $11.7 million sequentially in Q1 2025.

Uniti Group Inc. reported consolidated revenues of $293.9 million and net income of $12.2 million for the first quarter of 2025. Adjusted EBITDA was $237.8 million, achieving margins of approximately 81%. The company ended the quarter with $592.0 million in unrestricted cash and cash equivalents.

• Consolidated revenues for Q1 2025 were $293.9 million.
• Net income for Q1 2025 was $12.2 million, resulting in $0.05 per diluted common share.

Day One Biopharmaceuticals reported Q1 2025 financial results showing total revenue of $30.8 million, driven by OJEMDA net product revenue of $30.5 million. The company's net loss was $36.0 million, an improvement from the previous year. Day One ended the quarter with $473.0 million in cash, cash equivalents, and short-term investments.

• OJEMDA net product revenue reached $30.5 million in Q1 2025.
• Total revenues for the quarter were $30.8 million.

Pediatrix Medical Group reported strong first quarter 2025 results with net revenue of $458.4 million, net income of $20.7 million, and adjusted EBITDA of $49.2 million. The company raised its full-year 2025 Adjusted EBITDA outlook range to $220 million to $240 million.

• Net revenue for Q1 2025 was $458.4 million, a decrease from $495.1 million in the prior-year period, primarily due to non-same unit activity.
• Net income for Q1 2025 increased significantly to $20.7 million ($0.24 per diluted share) from $4.0 million ($0.05 per diluted share) in Q1 2024.

Arcus Biosciences reported a total revenue of $28 million for the first quarter of 2025, a significant decrease from $145 million in the same period of 2024. The company recorded a net loss of $112 million, compared to a net loss of $4 million in Q1 2024. Despite the financial results, Arcus maintained a strong cash position with $1.0 billion in cash, cash equivalents, and marketable securities.

• Total revenues for Q1 2025 were $28 million, down from $145 million in Q1 2024.
• Net loss for Q1 2025 was $112 million, compared to $4 million in Q1 2024.

Safehold reported Q1 2025 results including revenue of $97.7 million, GAAP net income of $29.4 million, and GAAP EPS of $0.41. The company also provided non-GAAP figures, with non-GAAP net income at $31.3 million and non-GAAP EPS at $0.44. The company noted increasing customer engagement and a growing pipeline.

• Reported Q1 2025 revenue of $97.7 million.
• Achieved GAAP net income attributable to common shareholders of $29.4 million and GAAP EPS of $0.41.

Myriad Genetics reported first quarter 2025 revenue of $196 million, a 3% year-over-year decline, primarily due to reduced coverage of GeneSight. Despite this, the company achieved a gross margin of 69% and a GAAP net loss of $0.1 million, benefiting from a significant tax benefit. The company updated its full-year 2025 financial guidance, lowering revenue expectations.

• First quarter 2025 revenue was $196 million, a 3% year-over-year decline, but increased 5% year-over-year excluding $16 million in headwinds.
• Prenatal revenue grew 11% year-over-year, while Pharmacogenomics revenue declined 20% due to UnitedHealthcare's reduced coverage of GeneSight.

XPEL, Inc. delivered a solid performance in the first quarter of 2025, with total revenue increasing by 15.2% to $103.8 million and net income rising by 28.8% to $8.6 million. The company also announced a $50 million stock repurchase program, reflecting confidence in its financial position and future outlook.

• Total revenue increased 15.2% year-over-year to $103.8 million in Q1 2025.
• Net income grew 28.8% to $8.6 million, resulting in $0.31 per basic and diluted share.

Cricut reported Q1 2025 revenue of $162.6 million, a 3% decrease year-over-year. Net income increased 22% to $23.9 million, and diluted EPS rose to $0.11. Paid subscribers grew 6% to over 2.97 million.

• Q1 2025 revenue was $162.6 million, down 3% from Q1 2024.
• Net income for Q1 2025 was $23.9 million, up 22% compared to Q1 2024.

VTEX reported a solid start to the year with sustained growth and improved margins in Q1 2025. The company achieved significant increases in GMV and subscription revenue on an FX neutral basis, alongside strong non-GAAP operating income, net income, and free cash flow, demonstrating the effectiveness of their profitable growth strategy.

• GMV reached US$4.3 billion, a 17.2% increase on an FX neutral basis year-over-year.
• Total revenue was US$54.2 million, growing 13.2% FX neutral year-over-year.

IGI reported a net income of $27.3 million and core operating income of $19.5 million for the first quarter of 2025. Gross written premiums increased by 13.7% to $206.5 million, primarily driven by the Reinsurance Segment. The combined ratio was 94.4%, reflecting a higher level of loss activity compared to the previous year.

• Gross written premiums increased by 13.7% to $206.5 million in Q1 2025, primarily due to growth in the Reinsurance Segment.
• Net income for Q1 2025 was $27.3 million, while core operating income was $19.5 million.

NerdWallet, Inc. reported strong first quarter 2025 financial results, with total revenue reaching $209.2 million, a 29% increase year-over-year. The growth was primarily driven by significant strength in the Insurance and Banking businesses. Despite a decrease in Credit Cards revenue, the company achieved a GAAP net income of $0.2 million.

• Total revenue for Q1 2025 was $209.2 million, up 29% year-over-year.
• Insurance revenue saw a substantial increase of 246% year-over-year, reaching $74.0 million.

Array Technologies, Inc. announced strong first-quarter 2025 financial results, with revenue of $302.4 million and adjusted EBITDA of $40.6 million. The company achieved high double-digit revenue growth compared to Q1 2024 and saw significant market share recovery, driven by strong execution capabilities and increased interest in domestic content trackers.

• Revenue for Q1 2025 reached $302.4 million, demonstrating strong growth compared to the previous year.
• Adjusted EBITDA was $40.6 million, reflecting solid operational performance.

MFA Financial, Inc. reported a total economic return of 1.9% for the first quarter of 2025. The company generated GAAP net income of $33.0 million, or $0.32 per basic common share, and distributable earnings of $30.6 million, or $0.29 per basic common share. The company also increased its regular cash dividend to $0.36 per common share.

• MFA generated GAAP net income to common stockholders and participating securities of $33.0 million, or $0.32 per basic common share.
• Distributable earnings, a non-GAAP financial measure, were $30.6 million, or $0.29 per basic common share.

Brookdale Senior Living Inc. delivered strong first quarter 2025 financial and operational results, surpassing expectations. The company established a solid foundation for growth, with same community weighted occupancy reaching 80.0% and same community operating income increasing 7.6% year-over-year. Net cash provided by operating activities improved significantly, and Adjusted Free Cash Flow turned positive for the quarter.

• First quarter 2025 financial and operational results exceeded Company expectations.
• First quarter same community weighted occupancy was 80.0%, driven by favorable counter-seasonal performance.

Ducommun Incorporated reported net revenue of $194.1 million for the first quarter of 2025, a 2% increase over Q1 2024. The company achieved a record gross margin of 26.6% and Adjusted EBITDA of $30.9 million, or 15.9% of revenue, driven by strong defense business performance.

• Net revenue increased by 2% year-over-year to $194.1 million, primarily due to strength in the defense business.
• Gross margin reached a new quarterly record of 26.6%, expanding 200 basis points year-over-year.

UWM Holdings Corporation reported a total loan origination volume of $32.4 billion for Q1 2025, a 17% increase year-over-year, marking its highest Q1 originations since 2022. Despite this, the company posted a net loss of $247.0 million, primarily due to a $388.6 million decline in the fair value of mortgage servicing rights.

• Total loan origination volume reached $32.4 billion in Q1 2025, up 17% year-over-year, making it the highest Q1 originations since 2022.
• The company reported a net loss of $247.0 million for the quarter, largely influenced by a $388.6 million decline in the fair value of mortgage servicing rights.

First Watch Restaurant Group, Inc. reported total revenues of $282.2 million for Q1 2025, a 16.4% increase from the prior year. The company experienced a net loss of $(0.8) million, or $(0.01) per diluted share, and an Adjusted EBITDA of $22.8 million. Same-restaurant sales growth was 0.7%, with 13 new system-wide restaurants opened.

• Total revenues increased by 16.4% to $282.2 million in Q1 2025.
• The company reported a net loss of $(0.8) million for Q1 2025, compared to a net income of $7.2 million in Q1 2024.

Bristow Group Inc. reported total revenues of $350.5 million for the quarter ended March 31, 2025, a slight decrease from $353.5 million in the preceding quarter. Net income attributable to the Company was $27.4 million, or $0.92 per diluted share, down from $31.8 million, or $1.07 per diluted share, in the prior quarter. Adjusted EBITDA for the quarter was $57.7 million, consistent with the preceding quarter.

• Total revenues for Q1 2025 were $350.5 million, a slight decrease from $353.5 million in Q4 2024.
• Net income for Q1 2025 was $27.4 million ($0.92 per diluted share), down from $31.8 million ($1.07 per diluted share) in Q4 2024.

Opendoor reported revenue of $1.2 billion and a net loss of $(85) million for Q1 2025. The company showed improvement in Adjusted EBITDA and reduced Adjusted Net Losses compared to the prior year and previous quarter, reflecting disciplined execution.

• Revenue for Q1 2025 was $1.153 billion, a decrease of 2% compared to Q1 2024.
• Net loss for Q1 2025 was $(85) million, an improvement from $(109) million in Q1 2024.

Par Pacific Holdings, Inc. reported a net loss of $30.4 million for the first quarter of 2025, or $0.57 per diluted share. This compares to a net loss of $3.8 million in the same quarter of 2024. Adjusted EBITDA for Q1 2025 was $10.1 million, a significant decrease from $94.7 million in Q1 2024.

• Net Loss for Q1 2025 was $(30.4) million, or $(0.57) per diluted share.
• Adjusted Net Loss for Q1 2025 was $(50.3) million, compared to Adjusted Net Income of $41.7 million in Q1 2024.

MRC Global announced strong first quarter 2025 results, with sales increasing 7% sequentially and Adjusted EBITDA of $36 million. The company reported a net loss due to discontinued operations, but income from continuing operations remained positive. Backlog also saw an 8% sequential improvement.

• Sales for Q1 2025 were $712 million, an 8% decrease year-over-year but a 7% increase sequentially.
• Net income from continuing operations was $8 million for Q1 2025, down from $20 million in Q1 2024.

Angi Inc. reported a revenue of $245.9 million for Q1 2025, a 19% decrease from the prior year, primarily due to ongoing quality and efficiency improvements. Despite the revenue decline, operating income significantly increased to $20.0 million, up 636% from Q1 2024. Net earnings were positive at $15.1 million, a substantial improvement from a net loss in the previous year.

• Revenue for Q1 2025 was $245.9 million, down 19% year-over-year, attributed to marketing optimization, sales force consolidation, and full implementation of homeowner choice.
• Operating income surged to $20.0 million in Q1 2025, a 636% increase from $2.7 million in Q1 2024.

Hyster-Yale's consolidated revenues for Q1 2025 were $910.4 million, a 14% decrease from Q1 2024, and operating profit was $21.3 million, a 75% decrease. Despite the decline in financial performance, the company experienced a significant increase in Lift Truck bookings compared to both the prior year and Q4 2024, and inventory decreased by $69 million.

• Consolidated revenues decreased by 14% year-over-year to $910.4 million.
• Consolidated operating profit declined by 75% year-over-year to $21.3 million.

The Pennant Group, Inc. announced robust first quarter 2025 operating results, with total revenue reaching $209.8 million, a 33.7% increase year-over-year. GAAP diluted earnings per share stood at $0.22, while adjusted diluted earnings per share was $0.27, reflecting strong operational performance across its home health, hospice, and senior living segments.

• Total revenue increased by 33.7% to $209.8 million compared to the prior year quarter.
• Net income grew by 58.5% to $7.8 million, and adjusted net income increased by 61.4% to $9.6 million.

Corsair Gaming achieved its revenue and earnings targets for Q1 2025, driven by continued growth in the Gamer and Creator Peripherals segment and a rebound in the Gaming Components and Systems segment. The successful integration of Fanatec also contributed positively to the results.

• Net revenue increased to $369.8 million in Q1 2025 from $337.3 million in Q1 2024, showing continued growth in peripherals and a rebound in components.
• Adjusted net income rose to $12.3 million ($0.11 per diluted share) in Q1 2025, up from $9.5 million ($0.09 per diluted share) in Q1 2024.

Eos Energy Enterprises achieved its highest quarterly revenue of $10.5 million, driven by increased customer deliveries and production ramp-up. The company significantly improved its gross margin and net income, largely due to non-cash fair value changes. It also expanded its commercial pipeline and operational capacity, reaffirming its 2025 revenue guidance.

• Achieved highest quarterly revenue of $10.5 million, a 58% increase year-over-year.
• Reported a net income of $15.1 million, primarily due to non-cash fair value adjustments.

The Hackett Group reported first-quarter 2025 operating results near and at the high end of their revenue and adjusted earnings per share guidance, respectively. The company achieved this while aggressively investing in and growing its Gen AI platforms and revenues, and also released AI XPLR version 3.

• Total revenue for Q1 2025 was $77.9 million, with revenue before reimbursements at $76.2 million, near the high end of guidance.
• GAAP diluted earnings per share was $0.11, impacted by non-cash compensation expense of $5.1 million and acquisition-related expenses of $2.4 million.

Unitil Corporation reported a net income of $27.5 million for the first quarter of 2025, a slight increase from $27.2 million in the same period last year. Adjusted net income, a non-GAAP measure, rose to $28.4 million from $27.2 million. The company's total operating revenue for the quarter was $170.8 million, down from $178.7 million in the prior year, primarily due to lower costs of electric sales. Gas Adjusted Gross Margin saw a significant increase, while Electric Adjusted Gross Margin also improved.

• Net Income increased by $0.3 million to $27.5 million for Q1 2025 compared to Q1 2024.
• Adjusted Net Income (non-GAAP) increased by $1.2 million to $28.4 million for Q1 2025.

Astronics Corporation announced robust first quarter 2025 results, with revenue increasing 11.3% to $205.9 million, primarily due to record aerospace sales. Net income was $9.5 million, or $0.26 per diluted share, and adjusted EBITDA reached $30.7 million, or 15% of sales. The company achieved record bookings of $279.7 million, leading to a record backlog of $673.0 million.

• First quarter sales increased 11.3% to $205.9 million, surpassing the high end of their projected range.
• Net income for the quarter was $9.5 million, or $0.26 per diluted share, a significant improvement from a net loss in the prior year.

Portillo's Inc. reported a 6.4% increase in total revenue to $176.4 million for the first quarter of 2025, driven by new restaurant openings and same-restaurant sales growth. Operating income also saw a slight increase, but net income and Adjusted EBITDA decreased compared to the prior year.

• Total revenue increased by 6.4% to $176.4 million, primarily due to new restaurant openings and a 1.8% increase in same-restaurant sales.
• Operating income rose by $0.3 million to $10.4 million, an increase of 2.8% from the prior year.

Aris Water Solutions, Inc. announced robust first-quarter 2025 results, driven by record volumes in both Produced Water Handling and Water Solutions. The company surpassed its Adjusted EBITDA guidance, maintained strong margins, and successfully refinanced its senior notes, leading to a credit rating upgrade.

• Achieved record volumes for both Produced Water Handling and Water Solutions.
• Generated Adjusted EBITDA of $56.5 million, exceeding guidance and up 6% year-over-year.

SolarEdge reported revenues of $219.5 million and a GAAP net loss of $98.5 million for Q1 2025, showing improvement compared to the prior quarter. The company achieved positive free cash flow for the second consecutive quarter.

• Revenues for Q1 2025 were $219.5 million, an increase from the prior quarter.
• GAAP net loss improved significantly to $98.5 million from $287.4 million in the prior quarter.

Latham Group, Inc. reported first quarter 2025 results that were in line with expectations, showing slight net sales growth and improved gross margin, partially offset by increased SG&A expenses. The company maintained its full-year guidance.

• Net sales for Q1 2025 were $111.4 million, a 0.7% increase year-over-year.
• Gross profit increased by 7.5% to $32.9 million, with gross margin expanding by 190 basis points to 29.5%.

Avanos Medical, Inc. reported net sales of $167.5 million for the first quarter of 2025, an increase of 0.8% year-over-year. The company's net income was $6.6 million, and adjusted diluted earnings per share were $0.26. Operating income significantly improved to $10.3 million from $4.0 million in the prior year.

• Net sales for Q1 2025 increased by 0.8% to $167.5 million.
• Operating income rose to $10.3 million in Q1 2025, up from $4.0 million in Q1 2024.

Shoals Technologies Group, Inc. reported a strong start to 2025, with revenue exceeding guided ranges and a robust increase in backlog and awarded orders, driven by strategic initiatives and growth in international, CC&I, BESS, and OEM markets.

• Revenue for Q1 2025 was $80.4 million, a decrease of 11.5% compared to the prior-year period.
• Net loss for Q1 2025 was $(0.3) million, compared to a net income of $4.8 million in the prior-year period.

Great Lakes Dredge & Dock Corporation reported a strong first quarter in 2025, with revenue reaching $242.9 million, net income of $33.4 million, and adjusted EBITDA of $60.1 million. The company's dredging backlog stood at approximately $1 billion, with significant contributions from capital and coastal protection projects.

• Revenue increased to $242.9 million in Q1 2025, up from $198.66 million in Q1 2024, primarily due to higher capital and coastal protection project revenue.
• Net income for Q1 2025 was $33.4 million, a significant increase from $21.024 million in Q1 2024, driven by improved operating results.

Camden National Corporation reported net income of $7.3 million and diluted EPS of $0.43 for the first quarter of 2025. The results were significantly impacted by the acquisition of Northway Financial, Inc., which contributed to increased assets and net interest margin expansion, despite higher acquisition-related costs.

• Successfully completed the acquisition of Northway Financial, Inc. on January 2, 2025, integrating Northway Bank systems and branches by mid-March 2025.
• Net interest margin expanded to 3.04% for the first quarter of 2025, up from 2.57% in the previous quarter, driven by core net interest margin expansion and fair value mark accretion.

Delek US Holdings reported a net loss of $172.7 million for the first quarter of 2025, with an adjusted net loss of $144.4 million. This was primarily driven by lower refining crack spreads compared to the prior year, although the logistics segment saw increased Adjusted EBITDA due to recent acquisitions. The company is focusing on its Enterprise Optimization Plan to improve cash flow.

• Reported a net loss of $172.7 million, or $(2.78) per share.
• Adjusted net loss was $144.4 million, or $(2.32) per share.

Orthofix reported first quarter 2025 net sales of $193.6 million, an increase of 2.7% on a reported basis compared to Q1 2024. The company experienced a net loss of $(53.1) million, or $(1.35) per share, and a non-GAAP pro forma adjusted EBITDA of $11.4 million.

• First quarter 2025 net sales were $193.6 million, an increase of 2.7% on a reported basis and 4.3% on a pro forma constant currency basis compared to Q1 2024.
• Net loss for the first quarter was $(53.1) million, or $(1.35) per share.

Lindblad Expeditions Holdings, Inc. delivered outstanding first-quarter results, with total revenue increasing by 17% to $179.7 million and adjusted EBITDA rising by 39% to $30.0 million. The company also saw a substantial improvement in net loss available to stockholders, reducing it to $0.04 million, and achieved a historically high net yield per available guest night of $1,521 with 89% occupancy.

• Total revenue increased 17% to $179.7 million compared to the same period in 2024.
• Net loss available to stockholders improved significantly by $5.1 million to $0.04 million.

United Fire Group, Inc. reported a 31% increase in net income to $17.7 million and a 27% increase in adjusted operating income to $18.3 million for the first quarter of 2025. Net written premium grew 4% to a record $335.4 million, and net investment income increased 44% to $23.5 million.

• Net income increased 31% to $17.7 million.
• Adjusted operating income increased 27% to $18.3 million.

Ginkgo Bioworks reported a net loss of $90.957 million in Q1 2025, an improvement from the $165.911 million net loss in Q1 2024. Total revenue increased to $48.318 million, driven by a significant increase in Cell Engineering revenue.

• Net loss decreased significantly from $165.911 million in Q1 2024 to $90.957 million in Q1 2025.
• Total revenue increased by approximately 27.4% to $48.318 million in Q1 2025.

Bioventus reported a first-quarter net loss of $2.6 million, or $0.04 per share, on revenue of $123.9 million. Despite a decline in reported revenue, organic revenue increased by 5.0%. The company reiterated its full-year 2025 financial guidance.

• Q1 reported revenue was $123.9 million, a 4.3% decline from the prior year.
• Organic revenue advanced 5.0% due to positive organic growth across all three businesses.

Standard BioTools delivered a solid first quarter in line with expectations, with revenue of $40.8 million, a 10% decrease year-over-year. Despite the revenue decline, the company significantly reduced its operating loss by 45% and improved adjusted EBITDA by 29% year-over-year, reflecting focused execution and cost reductions.

• First quarter 2025 revenue was $40.8 million, a 10% decrease compared to the first quarter of 2024.
• Operating loss was reduced by 45% year-over-year, and adjusted EBITDA improved by 29% year-over-year.

Talkspace announced strong first quarter 2025 results, with total revenue increasing 15% year-over-year to $52.2 million, driven by significant growth in Payor revenue. The company also achieved net income of $0.3 million and adjusted EBITDA of $2.0 million, demonstrating progress towards profitability.

• Total revenue increased 15% year-over-year to $52.2 million.
• Payor revenue grew 33% year-over-year, partially offset by a 32% decline in Consumer revenue.

National CineMedia reported total revenue of $34.9 million for Q1 2025, a decrease of 6.7% year-over-year. The company's operating loss increased to $23.9 million, and Adjusted OIBDA was negative $9.0 million. Despite a challenging advertising market, results were in line with guidance, and the company highlighted a new long-term agreement with AMC Theaters as a positive development.

• Total revenue for Q1 2025 was $34.9 million, a 6.7% decrease compared to Q1 2024.
• Operating loss for Q1 2025 increased to $23.9 million from $22.7 million in Q1 2024.

Service Properties Trust (SVC) released its first quarter 2025 financial results, which are available on their investor relations website. The company also announced a conference call to discuss these results.

• SVC's first quarter 2025 financial results were released on May 6, 2025.
• The full financial results are accessible on the company's investor relations website.

Ranpak Holdings Corp. reported a net revenue of $91.2 million for the first quarter of 2025, an increase of 6.9% year over year, or 8.8% on a constant currency basis. The company experienced a net loss of $10.9 million, compared to a net loss of $8.1 million in the prior year period. Adjusted EBITDA was $17.3 million, down 9.9% year over year.

• Net revenue increased 6.9% year over year to $91.2 million, and 8.8% on a constant currency basis.
• The company reported a net loss of $10.9 million for the quarter, compared to a net loss of $8.1 million in the prior year period.

Kimball Electronics announced its Q3 FY25 financial results, with net sales of $374.6 million and operating income of $11.7 million. The company reported positive cash flow from operating activities for the fifth consecutive quarter and reduced debt significantly. They also reiterated their fiscal 2025 guidance, expecting sales and adjusted operating income at the high end of their projected ranges, and announced a new manufacturing facility in Indianapolis to support growth in the medical CMO sector.

• Net sales for Q3 FY25 totaled $374.6 million.
• Operating income was $11.7 million, representing 3.1% of net sales.

Porch Group reported strong first quarter 2025 results for Porch Shareholder Interest, with revenue of $84.5 million, net income of $8.4 million, and Adjusted EBITDA of $16.9 million. The company's new model, focusing on commission and fee-based services after the sale of its insurance carrier into a reciprocal exchange, resulted in an 82% gross margin and significant year-over-year growth in Gross Profit and Adjusted EBITDA. The Reciprocal Exchange is reported as healthy and has secured a new reinsurance program.

• Exceeded first quarter expectations for Porch Shareholder Interest.
• Increased full year 2025 guidance for Porch Shareholder Interest.

Chatham Lodging Trust reported a significant improvement in net loss for Q1 2025 compared to the prior year, alongside a 4% increase in RevPAR for comparable hotels. The company also announced its first-ever share repurchase program and increased its common dividend.

• Net loss applicable to common shareholders improved to $1 million compared to a $7 million net loss in Q1 2024.
• RevPAR for comparable hotels increased by 4% to $127.

Personalis, Inc. reported first quarter 2025 revenue of $20.6 million, a 6% increase year-over-year, primarily due to strong growth in pharma tests and services. The company delivered 2,184 total molecular tests, a 52% sequential increase, and reported a net loss of $15.8 million.

• Total revenue for Q1 2025 increased by 6% to $20.6 million compared to $19.5 million in Q1 2024.
• Pharma tests and services revenue grew by 39% year-over-year to $13.6 million.

CorMedix Inc. announced a strong first quarter for 2025, with net revenue reaching $39.1 million and net income of $20.6 million, a significant improvement from a net loss in the prior year. The company also reported positive adjusted EBITDA and cash flow from operations, driven by successful implementation of DefenCath in outpatient dialysis.

• Net sales for Q1 2025 were $39.1 million, primarily from DefenCath.
• The company achieved profitability with a net income of $20.6 million and adjusted EBITDA of $23.6 million.

Bowman Consulting Group Ltd. delivered a solid first quarter in 2025, marked by exceptional new order activity and healthy cash conversion. The company achieved double-digit growth in net service billing, with organic growth more than doubling compared to the prior year. Record new order bookings contributed to consecutive backlog growth, and the company reaffirmed its full-year forecast.

• Gross contract revenue increased by 19.0% to $112.9 million.
• Net service billing grew by 16.8% to $100.1 million, with organic growth at 6%.

Gladstone Capital Corporation experienced a decrease in total investment income and net assets from operations for the three months ended March 31, 2025, compared to the same period last year. However, net investment income saw an increase. The company's investment portfolio decreased in fair value, and expenses, net of credits, also decreased.

• Total investment income decreased by 10.1% to $21.569 million for the three months ended March 31, 2025, compared to $23.997 million in the prior year period.
• Net investment income increased by 4.3% to $11.245 million for the three months ended March 31, 2025, up from $10.777 million in the prior year period.

Genie Energy announced strong first quarter 2025 results, with total revenue increasing 14.3% to $136.8 million and net income attributable to common stockholders rising 30.9% to $10.6 million. Diluted EPS was $0.40, and Adjusted EBITDA increased 22.7% to $14.4 million. The Genie Retail Energy segment saw significant customer base growth and an 18% increase in revenue.

• Total revenue increased 14.3% to $136.8 million from $119.7 million in the prior year.
• Net income attributable to Genie common stockholders increased 30.9% to $10.6 million, with diluted EPS of $0.40.

Vivid Seats reported a challenging first quarter for 2025, with decreases across key financial metrics including revenue, net income (loss), and Adjusted EBITDA compared to the prior year, attributed to competitive intensity and softening industry trends amidst consumer uncertainty.

• Marketplace GOV decreased by 20% to $820.4 million in Q1 2025 compared to $1,028.5 million in Q1 2024.
• Revenues were down 14% to $164.0 million in Q1 2025 from $190.9 million in Q1 2024.

Rayonier Advanced Materials Inc. reported a net loss of $32 million for the first quarter of 2025, a significant decline from the prior year. Net sales were $356 million, down $32 million from the prior year quarter. Adjusted EBITDA was $17 million, impacted by a non-cash environmental charge.

• Net Sales for the quarter were $356 million, a decrease of $32 million from the prior year quarter.
• The company reported a Net Loss of $32 million, a $30 million decline compared to the prior year quarter.

SuRo Capital reported a net decrease in net assets resulting from operations of $806,715 for the first quarter of 2025, compared to a net decrease of $22.1 million in the same period last year. Net asset value per share decreased slightly to $6.66 as of March 31, 2025, from $6.68 at December 31, 2024, but was down from $7.17 a year prior. The company highlighted significant activity in its portfolio, including CoreWeave's IPO and OpenAI's large financing round, and made follow-on investments in Orchard Technologies and WHOOP, as well as a new investment in Plaid subsequent to quarter-end.

• Net assets totaled approximately $156.8 million, or $6.66 per share, at March 31, 2025.
• Net investment loss was $3.7 million for the first quarter of 2025.

Manitowoc reported a decrease in net sales but an increase in orders in the first quarter of 2025 compared to the prior year. Adjusted EBITDA decreased, while net cash provided by operating activities saw a significant increase.

• First-quarter orders increased by 10.1% to $610.3 million, driven by strong performance in European tower cranes and the Americas segment.
• Net sales for the first quarter were $470.9 million, a 4.9% decrease year-over-year.

NewtekOne, Inc. reported solid first-quarter results with diluted EPS of $0.35, surpassing its guidance. The company demonstrated strong balance sheet growth, increased tangible book value per share, and above-average profitability, despite a heavier loan loss provision. Pre-provision net revenue also saw significant year-over-year growth.

• Diluted EPS for Q1 2025 was $0.35, exceeding the projected range of $0.28-$0.32.
• Tangible book value per common share increased by 23.0% year-over-year and 8.3% quarter-over-quarter to $10.17.

Woolworths Group reported an increase in total group sales by 4.5% to $18.0 billion for the first quarter of FY25, driven by strong eCommerce growth and improved trading momentum across its food businesses. However, the H1 earnings outlook is challenged due to lower margin sales mix and elevated wage costs.

• Group sales increased by 4.5% to $18.0 billion in Q1 FY25, with a 3.3% increase excluding Petstock.
• Group eCommerce sales grew significantly by 21.2% to $2.4 billion, driven by strong demand for convenience offers.

Heritage Insurance Holdings, Inc. reported a net income of $30.5 million for the first quarter of 2025, a substantial increase from $14.2 million in the prior year quarter. This improvement was primarily driven by an 11.5% increase in net premiums earned and better underwriting performance, as reflected in a 9.5 point improvement in the net combined ratio to 84.5%.

• Net income surged to $30.5 million ($0.99 per diluted share) from $14.2 million ($0.47 per diluted share) in the prior year quarter, marking a 114.2% increase.
• Net premiums earned grew by 11.5% to $200.0 million, contributing to the improved financial performance.

Rigel Pharmaceuticals, Inc. experienced a substantial financial improvement in the first quarter of 2025, with total revenues increasing by 80% and net income reaching $11.4 million, a significant turnaround from a net loss in the prior year period. This growth was primarily fueled by increased product sales of TAVALISSE, REZLIDHIA, and the new commercialization of GAVRETO, alongside higher contract revenues from collaborations.

• Total revenues for Q1 2025 increased by 80% to $53.3 million, up from $29.5 million in Q1 2024.
• The company reported a net income of $11.4 million in Q1 2025, a significant improvement from a net loss of $8.2 million in Q1 2024.

Mayville Engineering Company (MEC) reported strong first quarter 2025 results with $135.6 million in net sales, GAAP net income of $20 thousand, and non-GAAP adjusted net income of $1.0 million. The company achieved 12% sequential sales growth, margin expansion, and positive free cash flow, maintaining a lean balance sheet with a net debt to trailing twelve-month Adjusted EBITDA ratio of 1.4x.

• Net sales for Q1 2025 were $135.6 million, a decrease of 15.9% year-over-year due to lower customer demand and inventory de-stocking.
• GAAP Net income was $20 thousand, and Non-GAAP Adjusted Net Income was $1.0 million, with Non-GAAP Adjusted Diluted EPS of $0.04.

Park-Ohio Holdings Corp. announced its first quarter 2025 results, with net sales of $405.4 million, down from $417.6 million in Q1 2024. GAAP EPS from continuing operations was $0.61, and adjusted EPS was $0.66. Income from continuing operations attributable to shareholders was $8.5 million, and EBITDA was $33.9 million.

• Net sales decreased to $405.4 million in Q1 2025 from $417.6 million in Q1 2024.
• GAAP EPS from continuing operations was $0.61 per diluted share, down from $0.83 in Q1 2024.

Viant Technology delivered record first quarter results, with revenue increasing by 32% and gross profit by 30% year-over-year. Contribution ex-TAC grew by 25% and adjusted EBITDA surged by 76%. The company also increased its share repurchase authorization by $50 million.

• Revenue increased by 32% year-over-year to $70.642 million.
• Adjusted EBITDA grew by 76% year-over-year to $5.402 million.

The RMR Group Inc. announced its financial results for the fiscal quarter ended March 31, 2025. The full results are available on their website. A conference call to discuss these results will be held on May 7, 2025.

• The RMR Group Inc. announced its financial results for the fiscal quarter ended March 31, 2025.
• The full financial results are accessible in the Quarterly Results section of RMR's website.

EVgo Inc. achieved record revenue of $75.3 million in the first quarter of 2025, marking a 36% year-over-year increase. Charging network revenue also reached a record $47.1 million, up 49% year-over-year, and network throughput increased by 60% to 83 gigawatt-hours. The company added over 180 new operational stalls, ending the quarter with 4,240 stalls in operation.

• Record revenue of $75.3 million, an increase of 36% year-over-year.
• Charging network revenue reached a record $47.1 million, up 49% year-over-year, marking the 13th consecutive quarter of double-digit growth.

Esperion reported a total revenue of $65.0 million for Q1 2025, a 53% decrease year-over-year, primarily due to a one-time milestone received in Q1 2024. Excluding this milestone, total revenue grew 63%. The company achieved a net loss of $40.5 million and a basic net loss per share of $0.21.

• Total revenue for Q1 2025 was $65.0 million, a 53% decrease year-over-year, but a 63% increase excluding a one-time milestone from Q1 2024.
• U.S. net product revenue grew 41% year-over-year to $34.9 million.

AudioCodes reported first quarter 2025 revenues of $60.4 million, a 0.5% increase year-over-year. GAAP net income was $4.0 million, or $0.13 per diluted share, while non-GAAP net income reached $4.7 million, or $0.15 per diluted share. The company also generated $13.5 million in net cash from operating activities.

• Quarterly revenues increased by 0.5% year-over-year to $60.4 million.
• Quarterly service revenues increased by 3.4% year-over-year to $32.6 million.

Vishay Precision Group (VPG) announced its first fiscal quarter 2025 results with revenues of $71.7 million, an 11.2% decrease year-over-year, and a net loss of $0.9 million, or $(0.07) per diluted share. Despite the challenging business environment, the company achieved a book-to-bill ratio over 1.00 for the second consecutive quarter.

• Revenues decreased by 11.2% year-over-year to $71.7 million.
• The company reported a net loss of $0.9 million, or $(0.07) per diluted share, compared to net earnings of $5.9 million, or $0.44 per diluted share, in the prior year.

Weyco Group, Inc. announced its first quarter 2025 financial results, with net sales decreasing by 5% to $68.0 million and net earnings falling by 17% to $5.5 million compared to Q1 2024. Diluted earnings per share were $0.57, down from $0.69 in the prior year.

• Net sales for Q1 2025 were $68.0 million, a 5% decrease from $71.6 million in Q1 2024.
• Net earnings for the quarter were $5.5 million, down 17% from $6.7 million in Q1 2024.

Forrester Research, Inc. announced its first-quarter 2025 financial results, reporting total revenues of $89.9 million, down from $100.1 million in the prior year. The company posted a net loss of $87.3 million, or $4.62 per diluted share, which includes an $83.9 million non-cash goodwill impairment charge. Despite the decline, Forrester generated solid cash flow and reaffirmed its 2025 guidance.

• Total revenues for Q1 2025 were $89.9 million, a decrease from $100.1 million in Q1 2024.
• The company reported a GAAP net loss of $87.3 million, or $4.62 per diluted share, largely due to an $83.9 million goodwill impairment charge.

L.B. Foster's first quarter 2025 results showed a significant decline in net sales and profitability compared to the exceptionally strong prior year, mainly driven by reduced demand in the Rail Distribution segment. However, the Infrastructure segment experienced growth, and the company saw strong order rates across its portfolio, leading to increased backlog.

• Net sales decreased by 21.3% to $97.792 million, primarily due to lower volumes in the Rail, Technologies, and Services segment.
• Net loss attributable to L.B. Foster Company was $2.110 million, a significant decline from a net income of $4.436 million in the prior year quarter.

Heron Therapeutics, Inc. reported a net income of $2.635 million for the three months ended March 31, 2025, a substantial improvement compared to a net loss of $3.160 million in the same period last year. This positive shift was primarily driven by an 89.4% increase in acute care net product sales, particularly ZYNRELEF and APONVIE, and a decrease in research and development and general and administrative expenses.

• Net product sales increased to $38.903 million in Q1 2025 from $34.670 million in Q1 2024, representing a 12.2% growth.
• The company achieved a gross profit of $30.446 million, up from $26.226 million in the prior year, with gross profit margin improving to 78.3%.

Solid Power delivered $6.0 million in revenue during the first quarter of 2025, primarily driven by agreements with SK On Co., Ltd. The company maintained financial discipline, resulting in a net loss of $15.1 million, or $0.08 per share, and ended the quarter with strong liquidity of $299.6 million.

• Revenue for Q1 2025 was $6.0 million, primarily from agreements with SK On Co., Ltd.
• Net loss for Q1 2025 was $15.1 million, or $0.08 per share.

W&T Offshore, Inc. reported first quarter 2025 results with production at the high end of guidance, generating $10.5 million in Free Cash Flow and $32.2 million in Adjusted EBITDA. The company successfully refinanced debt, reducing gross debt by approximately $39.0 million and enhancing liquidity, while also bringing new fields into production.

• Produced 30.5 thousand barrels of oil equivalent per day (MBoe/d), towards the high end of guidance.
• Successfully refinanced debt in January 2025, reducing gross debt by approximately $39.0 million and lowering interest rates on Senior Second Lien Notes by 100 basis points.

Nature's Sunshine Products, Inc. reported a strong first quarter for 2025, with net sales increasing 2% to $113.2 million, and GAAP net income attributable to common shareholders rising 104% to $4.7 million. Adjusted EBITDA also saw a significant increase of 20% to $11.0 million.

• Net sales increased 2% to $113.2 million, or 5% in constant currency, compared to $111.0 million in the prior year quarter.
• GAAP net income attributable to common shareholders surged 104% to $4.7 million, or $0.25 per diluted common share, up from $2.3 million, or $0.12 per diluted common share.

Aviat Networks announced strong fiscal third quarter 2025 results, with total revenue increasing by 1.6% year-over-year to $112.6 million. The company achieved a 64% year-over-year growth in GAAP operating income and set a new record for quarterly Adjusted EBITDA, driven by strong margins and effective operating expense management.

• Achieved 19th consecutive quarter of trailing twelve month revenue growth.
• GAAP operating income grew by 64% year-over-year.

LifeMD achieved an outstanding first quarter, with total revenues increasing 49% year-over-year to $65.7 million and telehealth revenue up 70%. The company reported its first-ever quarter of positive GAAP net income of $0.6 million, or $0.01 per diluted share, and significantly raised its full-year 2025 guidance.

• Total revenues increased 49% year-over-year to $65.7 million.
• Telehealth revenue grew 70% year-over-year.

Granite Point Mortgage Trust Inc. reported a net loss attributable to common stockholders of $(10.6) million, or $(0.22) per basic common share, for the first quarter of 2025. The company also reported distributable earnings (loss) of $(27.7) million, or $(0.57) per basic share. Despite the loss, the company made significant progress in resolving risk-rated loans and repurchased approximately 0.9 million common shares.

• Recognized GAAP net loss attributable to common stockholders of $(10.6) million, or $(0.22) per basic common share.
• Reported Distributable Earnings (Loss) of $(27.7) million or $(0.57) per basic share.

Synchronoss Technologies reported total revenue of $42.2 million for Q1 2025, a slight decrease from the prior year, primarily due to a customer contract expiration, partially offset by cloud subscriber growth. The company achieved a GAAP net loss of $3.8 million but saw significant improvements in income from operations and adjusted EBITDA, which were within expectations.

• Total revenue for Q1 2025 was $42.2 million, a decrease from $43.0 million in the prior year period.
• The company reported a net loss of $3.8 million, or $(0.37) per diluted share, primarily due to non-cash foreign exchange losses.

Purple Innovation, Inc. reported a net loss of $19.1 million for the first quarter of 2025, a significant improvement from the $50.2 million net loss in the same period last year. Revenues decreased by 13.2% to $104.2 million, primarily due to softness in e-commerce and wholesale channels. Despite the revenue decline, gross profit percentage increased to 39.4% due to production efficiencies and a shift towards DTC channels. Operating expenses also saw a notable decrease, contributing to the reduced net loss.

• Net loss significantly decreased to $19.1 million in Q1 2025 from $50.2 million in Q1 2024.
• Total revenues declined by 13.2% year-over-year to $104.2 million, primarily due to industry-wide demand softness.

WW International reported a decrease in revenue for Q1 2025 compared to the prior year, primarily due to headwinds in the Behavioral business. However, the Clinical business showed strong growth, and the company significantly improved its Adjusted EBITDAS and Net Loss.

• Total revenues were $186.6 million, down 9.7% year-over-year.
• Net loss improved significantly to $72.6 million compared to $347.9 million in the prior year period.

Corbus Pharmaceuticals reported a net loss of $17.0 million for the first quarter of 2025, primarily driven by increased clinical development expenses. The company made progress in its pipeline, presenting promising data for CRB-701 and initiating a Phase 1 study for CRB-913, while maintaining a cash position expected to fund operations through Q2 2027.

• Reported a net loss of $17.0 million for the three months ended March 31, 2025.
• Operating expenses increased significantly to $19.8 million, primarily due to higher clinical development costs.

CVG announced its first quarter 2025 financial results, with revenues of $169.8 million, a decrease of 12.7% compared to the prior year. The company reported a net loss of $3.1 million, or $(0.09) per diluted share. Despite the revenue decline, CVG achieved significantly improved free cash flow of $11.2 million, leading to a $11.7 million decrease in net debt.

• First quarter 2025 revenues decreased by 12.7% to $169.8 million, primarily due to softening in global Construction and Agriculture markets and North America Class 8 truck demand.
• The company reported a net loss from continuing operations of $3.1 million, or $(0.09) per diluted share, compared to net income of $1.4 million in the prior year.

BioAtla reported a net loss of $15.3 million for Q1 2025, an improvement from the $23.2 million net loss in Q1 2024. This was primarily driven by a decrease in research and development expenses, which fell to $12.4 million from $18.9 million in the prior year, as the company completed Phase 2 trials and focused on prioritized programs. The company's cash balance is projected to fund operations beyond key clinical readouts in 1H 2026.

• Net loss significantly decreased to $15.3 million in Q1 2025 from $23.2 million in Q1 2024.
• Research and development expenses decreased by $6.5 million due to lower clinical development expenses and restructuring.

Curis reported a net loss of $10.6 million for the first quarter of 2025, an improvement from the $11.9 million net loss in the same period of 2024. Revenues increased to $2.4 million from $2.1 million year-over-year, primarily driven by royalty revenues from Erivedge® sales. The company also announced the appointment of Dr. Ahmed Hamdy as Chief Medical Officer and made progress with regulatory discussions for emavusertib.

• Net loss improved to $10.6 million in Q1 2025 from $11.9 million in Q1 2024.
• Revenues increased to $2.4 million in Q1 2025 from $2.1 million in Q1 2024, primarily from Erivedge® royalties.

Direct Digital Holdings reported consolidated revenue of $8.2 million for Q1 2025, primarily driven by a 6% increase in buy-side revenue to $6.1 million. The company also achieved a 19% reduction in operating expenses compared to the prior year, while navigating challenges in its sell-side business.

• Consolidated revenue for Q1 2025 was $8.2 million, with buy-side revenue increasing by 6% year-over-year to $6.1 million.
• Operating expenses decreased by approximately 19% ($1.5 million) compared to Q1 2024, due to strategic cost-saving initiatives and internal reorganization.