Reports

Novo Nordisk delivered solid financial performance in Q2 2025, with double-digit growth in revenue, operating profit, and net income. Obesity care was the main growth engine, offsetting challenges related to compounded GLP-1 competition in the U.S.

• Revenue reached DKK 76.857 billion, up 13% YoY as reported.
• Net income rose 32% YoY to DKK 26.503 billion.

The Walt Disney Company delivered solid Q3 results with increased revenue, net income, and EPS. The Direct-to-Consumer segment turned profitable, and Experiences saw double-digit growth. Adjusted EPS also improved, reflecting better operating efficiency.

• Revenue rose to $23.65 billion, up from $23.16 billion in Q3 2024.
• Direct-to-Consumer segment posted $346 million in operating profit versus a loss last year.

McDonald's delivered solid Q2 2025 results with 5% revenue growth and an 11% rise in net income. Gains were driven by value offerings, menu innovation, and robust global comparable sales across all regions.

• Global comparable sales increased by 3.8%, led by positive performance across all markets.
• EPS rose to $3.14, while non-GAAP EPS reached $3.19 after excluding restructuring charges.

Uber delivered a solid quarter with double-digit revenue growth, strong net income, and robust free cash flow. The company announced a $20B share buyback and saw strength across both Mobility and Delivery segments.

• Revenue grew to $12.651 billion, led by Mobility and Delivery segments.
• Net income reached $1.355 billion despite equity investment headwinds.

Shopify delivered an outstanding Q2 2025 with 31% revenue growth, high free cash flow, and significant net income driven by gains from equity investments.

• Revenue grew 31% YoY to $2.68B in Q2 2025.
• Net income reached $906M, including equity investment gains.

AppLovin delivered an exceptional quarter, achieving record revenue and net income, supported by the successful divestiture of its Apps business and strong operational performance.

• Revenue reached $1.26 billion, up from $711 million a year earlier.
• Net income more than doubled to $820 million in the quarter.

DoorDash achieved new quarterly records across key metrics in Q2 2025, including Total Orders, Marketplace GOV, Revenue, and GAAP net income. The company also surpassed 10 billion lifetime orders globally, driven by strong operational execution, increased consumer engagement, and growth in membership programs like DashPass and Wolt+.

• Total Orders increased by 20% year-over-year to 761 million, indicating robust demand and expanded user base.
• Marketplace GOV grew by 23% year-over-year, reaching $24.2 billion, reflecting increased transaction volume and value.

In Q1-26, McKesson reported GAAP revenues of $97.8 billion and GAAP EPS of $6.25, while adjusted EPS rose 5% to $8.26. Net income attributable to McKesson declined 14% to $784 million. All segments delivered year-over-year revenue growth, and the company raised its fiscal 2026 adjusted EPS outlook.

• GAAP revenue increased 23% year-over-year to $97.8 billion
• GAAP EPS was $6.25; adjusted EPS rose 5% to $8.26

Thomson Reuters delivered a solid second quarter with 7% organic revenue growth and improved adjusted EBITDA margin. The company maintained its full-year outlook, highlighting momentum in its 'Big 3' business lines and recent AI-powered product launches.

• Total revenue reached $1.785 billion, with 7% organic growth driven by the 'Big 3' segments.
• Net income was $313 million and adjusted EPS rose to $0.87.

Airbnb exceeded expectations in Q2 2025 with $3.1B in revenue and $642M in net income. The company expanded its offerings beyond stays, introduced a redesigned app, and achieved growth in key international markets.

• Revenue reached $3.1 billion, up from $2.748 billion in Q2 2024.
• Net income rose to $642 million, representing a 21% margin.

Fortinet delivered a robust second quarter in 2025, with revenue growing 14% year-over-year to $1.63 billion and billings increasing by 15% to $1.78 billion. The company demonstrated strong performance in its Unified SASE ARR and Security Operations ARR, which grew 22% and 35% respectively. Fortinet also maintained healthy profitability with a GAAP operating margin of 28% and a non-GAAP operating margin of 33%.

• Revenue increased by 14% year-over-year, reaching $1.63 billion in Q2 2025.
• Billings grew by 15% year-over-year to $1.78 billion, surpassing guidance.

Emerson delivered strong financial results in Q3 2025, driven by robust net income, stable free cash flow, and a rise in revenue and earnings per share. Operational execution remained strong, with continued momentum across key end markets.

• Net income rose to $586M, reflecting strong profitability.
• Adjusted EPS increased to $1.52, showing growth despite macro conditions.

For the quarter ended June 30, 2025, Energy Transfer generated revenue of $19.242 billion and GAAP EPS of $0.32. Net income attributable to partners declined to $1.163 billion, while Adjusted EBITDA rose to $3.87 billion. Distributable cash flow to partners (as adjusted) was $1.96 billion.

• Consolidated revenue grew to $19.242 billion
• GAAP EPS of $0.32; net income of $1.163 billion

CRH’s Q2 2025 total revenues rose 6% to $10.206 bn, driven by acquisitions and pricing. GAAP operating income grew to $1.935 bn, while adjusted EBITDA increased 9% to $2.463 bn and margin expanded to 24.1%. Net income rose 2% to $1.332 bn (13.1% margin) and diluted EPS was $1.94. Cash and cash equivalents stood at $2.876 bn at quarter end. :contentReference[oaicite:0]{index=0}

• Total revenues of $10.206 bn, up 6% YoY.
• Adjusted EBITDA of $2.463 bn, up 9% YoY, with a 24.1% margin.

Cencora delivered solid financial performance in Q3 2025 with higher revenue, EPS, and net income. Growth was fueled by strength in U.S. operations and benefits from recent acquisitions.

• Revenue reached $80.7 billion, up from $74.2 billion a year ago.
• GAAP EPS was $3.52; Adjusted EPS rose to $4.00.

In Q2 2025, MetLife generated $17.34 B of total revenues, driven by premiums, fees & other revenues of $12.75 B and net investment income of $5.66 B. The company delivered net income of $698 M ($1.03 per share) and adjusted earnings of $1.36 B ($2.02 per share). Return on equity was 11.7%, and adjusted ROE was 14.6%. Holding companies had $5.20 B in cash & liquid assets at quarter end.

• Total revenues of $17.34 B, down 3% year-over-year.
• Net income of $698 M, down 23% year-over-year, $1.03 per share.

Realty Income delivered solid second-quarter performance with total revenue of $1.41 billion, net income of $196.9 million and AFFO per share of $1.05, driven by 1.1% same-store rental revenue growth and strong capital deployment; the company raised its 2025 investment guidance to ~$5.0 billion and increased AFFO per share guidance to $4.24–$4.28.

• Total revenue was $1,410.4 million for Q2 2025 :contentReference[oaicite:0]{index=0}
• Net income available to common stockholders was $196.9 million, or $0.22 per share :contentReference[oaicite:1]{index=1}

Corteva delivered solid second quarter results with 6% revenue growth, strong earnings, and robust segment performance, driven by volume gains in both Seed and Crop Protection.

• GAAP net sales increased 6% to $6.456 B (organic +7%) in Q2 2025 :contentReference[oaicite:0]{index=0}
• GAAP income from continuing operations was $1.380 B, up from $1.058 B in Q2 2024

Occidental reported revenue of $6.456 B, EPS of $0.26 (GAAP) and $0.39 (non-GAAP), and net income of $288 M in Q2 2025, supported by $5.108 B of operating cash flow and $696 M of free cash flow before working capital.

• Revenue of $6.456 B in Q2 2025
• GAAP EPS of $0.26 and non-GAAP EPS of $0.39

Honda’s Q1 2026 earnings showed a significant decline in operating profit and net income, impacted by tariff costs and foreign currency effects, despite strong performance in the motorcycle business.

• Net income dropped by over 50% year-over-year to ¥196.67 billion.
• Operating profit fell nearly 50% from the same quarter last year.

Rockwell Automation delivered revenue of $2.14 billion and net income of $295 million in Q3 2025, supported by strong performance in Software & Control and higher productivity. The company also raised its full-year adjusted EPS outlook.

• Revenue grew to $2.14 billion, a 5% increase year-over-year.
• Adjusted EPS rose to $2.82, up from $2.71 last year.

Iron Mountain delivered an outstanding performance in the second quarter of 2025, with record financial results across all key metrics, exceeding expectations. The company achieved record quarterly revenue of $1.7 billion, a 11.6% increase year-over-year, driven by strong growth in data center, digital, and asset lifecycle management businesses, which collectively grew over 30%. Despite a net loss due to foreign exchange impacts, Adjusted EBITDA and AFFO also reached record highs, leading to an increased full-year guidance.

• Achieved record quarterly revenue of $1.7 billion, an 11.6% increase on a reported basis and 11.0% excluding foreign exchange effects.
• Data center, digital, and asset lifecycle management (ALM) businesses collectively grew more than 30%.

Nutrien delivered $10.44 billion in revenue and generated net earnings of $1.23 billion in Q2 2025, driven by higher fertilizer sales volumes and selling prices. Adjusted EBITDA rose 11 % year-over-year to $2.49 billion, led by record potash volumes and strong nitrogen performance. The company raised its 2025 full-year potash sales guidance and returned $0.8 billion to shareholders through dividends and share repurchases.

• Generated net earnings of $1.23 billion and adjusted EBITDA of $2.49 billion in Q2 2025
• Record potash sales volumes (3.99 Mt) and ammonia operating rate of 98 %

Despite a GAAP net loss of $104 million, NRG Energy posted strong adjusted results including $339 million in adjusted net income and reaffirmed its full-year financial guidance. The company also made strategic progress with new data center agreements and energy infrastructure developments.

• Reported GAAP net loss of $104M due to non-cash hedge losses and legal reserves
• Adjusted Net Income reached $339M with Adjusted EPS of $1.73

HubSpot grew total revenue to $760.9 M in Q2 2025, driven by a 19% increase in subscription revenue. Despite a GAAP operating loss of $24.6 M, non-GAAP operating income rose to $129.1 M. The company narrowed its net loss to $3.3 M, or $0.06 per share, and generated $116.2 M of free cash flow. Customer count reached 267,982, up 18%, with ARPU of $11,310.

• Total revenue increased 19% year-over-year to $760.9 M.
• GAAP net loss narrowed to $3.3 M, or $0.06 per share.

Texas Pacific reported Q2 2025 revenue of $187.5 million and net income of $116.1 million, driven by strong oil and gas royalties and surface-related income. Operating income was $143.8 million, adjusted EBITDA reached $166.2 million, and free cash flow was $130.1 million. Production averaged 33.2 thousand Boe per day, and a quarterly dividend of $1.60 per share was declared. :contentReference[oaicite:0]{index=0}

• Oil and gas royalty production averaged 33.2 thousand Boe per day
• Easements and other surface-related income (SLEM) revenue of $36.2 million

STERIS reported $1.39 billion in revenue and $177.4 million in net income for Q1 2026. EPS was $1.79 and adjusted EPS reached $2.34. All three core segments contributed to top-line growth, led by strong performance in Healthcare and Applied Sterilization Technologies (AST).

• Revenue rose to $1.39 billion, an 8.7% increase year-over-year.
• Net income attributable to shareholders was $177.4 million.

CDW delivered a strong performance in the second quarter of 2025, with net sales increasing by 10.2% to $5,976.6 million. This growth was driven by increased customer demand across various IT categories and improved spending in certain end-markets. While GAAP net income and operating income saw slight declines, non-GAAP measures showed positive growth, reflecting the company's ability to navigate dynamic market conditions and optimize cash flow.

• Net sales increased by 10.2% to $5,976.6 million in Q2 2025, compared to $5,423.4 million in Q2 2024.
• Non-GAAP net income per diluted share rose by 3.9% to $2.60, while GAAP net income per diluted share slightly decreased by 1.2% to $2.05.

Corpay exceeded expectations in the second quarter of 2025, achieving 13% growth in both revenue and adjusted EPS. Organic revenue growth was 11%, driven by strong performance in the Corporate Payments segment, which grew by 18%. The company's balance sheet is robust, positioning it well for the upcoming Alpha Group acquisition and new ventures into stablecoin and digital currency markets.

• Revenues increased by 13% to $1,102.0 million in Q2 2025, compared to $975.7 million in Q2 2024.
• Net income per diluted share increased by 13% to $3.98 in Q2 2025, up from $3.52 in Q2 2024.

Duolingo saw revenue rise 41% to $252.3 M and net income more than doubled to $44.8 M, driven by 40% DAU growth and robust subscription bookings.

• Revenue grew 41% year-over-year to $252.3 M.
• Record net income of $44.8 M, up 84% YoY.

DraftKings achieved record revenue of $1,513 million in Q2 2025, a 37% increase year-over-year, alongside record net income of $158 million and Adjusted EBITDA of $301 million. The growth was primarily fueled by healthy customer engagement, efficient new customer acquisition, higher Sportsbook hold percentage, and favorable sportsbook outcomes.

• Record revenue of $1,513 million, marking a 37% year-over-year increase.
• Achieved record net income of $158 million and Adjusted EBITDA of $301 million.

RB Global delivered a strong second quarter in 2025, with total revenue increasing by 8% year-over-year to $1.2 billion and diluted adjusted earnings per share rising by 14% to $1.07. The company saw a 2% increase in Gross Transaction Value (GTV) to $4.2 billion, primarily driven by growth in the automotive sector. Net income, however, experienced a slight decrease of 1% to $109.7 million.

• Total revenue increased by 8% year-over-year to $1.186 billion.
• Diluted adjusted earnings per share available to common stockholders increased by 14% to $1.07.

Global Payments delivered second quarter 2025 results slightly ahead of expectations, driven by strong execution of its transformation program. The company reported GAAP diluted EPS of $0.99 and adjusted EPS of $3.10, an 11% constant currency increase. GAAP revenue was $1.96 billion, while adjusted net revenue increased 5% constant currency ex-dispositions to $2.36 billion. The acquisition of Worldpay and divestiture of Issuer Solutions are on track to close in the first half of 2026, with regulatory clearances progressing.

• GAAP diluted EPS was $0.99, and adjusted EPS increased 11% constant currency to $3.10.
• GAAP revenue was $1.96 billion, and adjusted net revenue increased 5% constant currency ex-dispositions to $2.36 billion.

NiSource posted a strong second quarter with net income and EPS growth, driven by strategic execution and reliability investments. The company also narrowed its full-year adjusted EPS guidance to the upper half of the prior range.

• GAAP net income rose to $102.2 million in Q2 2025, up from $85.8 million in Q2 2024.
• Adjusted net income came in at $101.9 million, slightly above Q2 2024’s $94.7 million.

Curtiss-Wright posted double-digit revenue growth driven by all major segments, expanded operating margins, and delivered record free cash flow while raising full-year guidance :contentReference[oaicite:0]{index=0}.

• Reported sales of $877 million, up 12% year-over-year :contentReference[oaicite:1]{index=1}
• GAAP operating margin expanded to 17.8% (up 140 bps) and adjusted margin to 18.3% (up 130 bps) :contentReference[oaicite:2]{index=2}

Trimble delivered a robust second quarter in 2025, with total revenue reaching $875.7 million, a slight increase from the previous year. The company achieved a net income of $89.2 million and diluted EPS of $0.37. Non-GAAP diluted EPS was $0.71, surpassing expectations. Annualized recurring revenue hit a record $2.21 billion, reflecting strong business momentum.

• Total revenue for Q2 2025 was $875.7 million, showing a slight increase compared to Q2 2024.
• GAAP diluted EPS for Q2 2025 was $0.37, while non-GAAP diluted EPS reached $0.71, exceeding expectations.

Zillow Group reported strong second-quarter 2025 financial results, with total revenue increasing 15% year over year to $655 million, surpassing the company's outlook. Adjusted EBITDA reached $155 million, at the high end of expectations, driven by robust revenue growth and effective cost management. The company also saw significant growth in its Mortgages and Rentals segments, alongside increased traffic to its platforms.

• Total revenue for Q2 2025 increased 15% year over year to $655 million, exceeding the company's outlook range.
• Adjusted EBITDA for Q2 2025 was $155 million, representing a 24% Adjusted EBITDA margin, driven by strong revenue and cost management.

Dynatrace delivered a strong Q1 FY2026 with 20% revenue growth and solid profitability, driven by robust customer expansion and increased adoption of its AI-powered observability platform.

• Total revenue grew to $477,349,000, driven by strong subscription growth.
• Non-GAAP EPS rose to $0.42, reflecting strong operational leverage.

CF Industries reported Q2 2025 net sales of $1.89 billion, net income of $386 million, and EBITDA of $757 million, driven by higher volumes and favorable pricing in all segments; adjusted EBITDA rose to $761 million and cash generation remained robust :contentReference[oaicite:0]{index=0}.

• Net sales of $1.89 billion, up from $1.57 billion in Q2 2024 :contentReference[oaicite:1]{index=1}
• Net income of $386 million, or $2.37 per diluted share :contentReference[oaicite:2]{index=2}

Bentley Systems reported a strong second quarter in 2025, with total revenues increasing by 10.2% year-over-year to $364.1 million. Subscriptions revenue also saw significant growth, reaching $333.5 million. The company maintained its net income per diluted share at $0.22 and achieved an Adjusted EPS of $0.32, indicating solid financial performance despite global uncertainties.

• Total revenues for Q2 2025 were $364.1 million, an increase of 10.2% year-over-year.
• Subscriptions revenues grew by 12.1% to $333.5 million in Q2 2025.

Fidelity National Financial (FNF) delivered a strong second quarter in 2025, with total revenue increasing by 15% and adjusted net earnings showing a solid performance. The Title Segment demonstrated an industry-leading margin and increased revenue, while the F&G Segment achieved record assets under management driven by robust annuity sales. Despite a muted residential housing market, FNF maintained healthy free cash flow, enabling significant share repurchases and dividend payments.

• Total revenue for Q2 2025 increased to $3.635 billion, up 15% from $3.158 billion in Q2 2024.
• Adjusted net earnings attributable to common shareholders were $318 million, or $1.16 per diluted share, for Q2 2025.

Western Midstream reported Q2 2025 net income attributable to limited partners of $333.8 million, record adjusted EBITDA of $617.9 million, and free cash flow of $388.4 million while executing on key growth initiatives :contentReference[oaicite:0]{index=0}.

• Net income attributable to limited partners of $333.8 million and adjusted EBITDA of $617.9 million :contentReference[oaicite:1]{index=1}
• Cash flows from operating activities of $564.0 million and free cash flow of $388.4 million :contentReference[oaicite:2]{index=2}

Royalty Pharma delivered excellent second quarter 2025 results, with Portfolio Receipts growing 20% to $727 million and Royalty Receipts increasing 11% to $672 million. The company also completed the acquisition of its external manager, becoming an integrated company, and announced a significant funding agreement with Revolution Medicines. Royalty Pharma repurchased $1 billion of its Class A ordinary shares in the first half of the year, demonstrating a strong fundamental outlook.

• Portfolio Receipts increased by 20% to $727 million in Q2 2025, primarily driven by Voranigo, Trelegy, Evrysdi, and Tremfya, and a one-time payment.
• Royalty Receipts grew by 11% to $672 million in Q2 2025, attributed to strong performance from key products.

TKO reported Q2 2025 revenue of $1.308 billion, net income of $273.1 million, and record adjusted EBITDA of $526.5 million, generating free cash flow of $374.9 million and raising full-year 2025 guidance :contentReference[oaicite:0]{index=0}.

• Revenue of $1.308 billion, up 10% year-over-year :contentReference[oaicite:1]{index=1}
• Net income of $273.1 million versus $46.2 million in Q2 2024 :contentReference[oaicite:2]{index=2}

Paycom delivered very strong results in the second quarter of 2025, with total revenues increasing by 10.5% year-over-year to $483.6 million. GAAP net income rose to $89.5 million, and non-GAAP net income reached $116.6 million. Adjusted EBITDA also saw a substantial increase to $198.3 million, reflecting strong operational performance and improved margins.

• Total revenues for Q2 2025 were $483.6 million, an 10.5% increase from $437.5 million in Q2 2024.
• GAAP net income for Q2 2025 was $89.5 million, or $1.58 per diluted share, up from $68.0 million in Q2 2024.

Royal Gold delivered record quarterly results in Q2 2025, with revenue of $209.6 million, net income of $132.3 million (EPS $2.01), operating cash flow of $152.8 million, and adjusted EPS of $1.81. The company also achieved an 84% adjusted EBITDA margin, increased its quarterly dividend by 12.5% to $0.45 per share, and strengthened its liquidity to $1.25 billion :contentReference[oaicite:0]{index=0}.

• Revenue reached a record $209.6 million, up from $174.1 million a year ago.
• Operating cash flow was a record $152.8 million, up 34% year-over-year.

JLL continued its strong performance in the second quarter of 2025, marking its fifth consecutive quarter of double-digit revenue growth. The company reported a 10% increase in revenue to $6.3 billion and a 32% rise in diluted earnings per share to $2.32. This growth was driven by strong performance in both Resilient and Transactional revenues, particularly in Real Estate Management Services and Capital Markets Services, supported by improved platform leverage and cost discipline.

• JLL achieved its fifth consecutive quarter of double-digit revenue growth, with total revenue reaching $6.25 billion, up 10% in local currency.
• Diluted earnings per share increased by 32% to $2.32, and adjusted diluted earnings per share rose by 29% to $3.30.

Owens Corning delivered robust second-quarter 2025 results, with net sales increasing by 10% and net earnings attributable to OC rising by 30% year-over-year. The company achieved its 20th consecutive quarter of 20% or better adjusted EBITDA margins, driven by strong performance in its Roofing and Doors segments, while Insulation sales saw a slight decline.

• Net Sales increased by 10% to $2,747 million in Q2 2025 compared to Q2 2024.
• Net Earnings Attributable to OC grew by 30% to $334 million in Q2 2025.

U-Haul delivered strong Q1 2026 results with consolidated revenue of $1,630,470,000, operating income of $257,414,000, net earnings of $142,331,000 (EPS $0.73), and moving & storage adjusted EBITDA of $545,270,000. :contentReference[oaicite:0]{index=0}

• Consolidated revenue reached $1,630,470,000, up from $1,548,490,000 in Q1 2025.
• Operating income was $257,414,000, compared with $306,242,000 a year ago.

Pinnacle West Capital Corp. reported consolidated net income of $192.6 million, or $1.58 per diluted share, for the second quarter of 2025. This represents a decrease from $203.8 million, or $1.76 per diluted share, in Q2 2024. The decline was largely attributed to cooler weather, increased operations and maintenance expenses, and higher depreciation and interest charges, partially offset by higher transmission revenues and customer growth.

• Consolidated net income attributable to common shareholders decreased to $192.6 million in Q2 2025 from $203.8 million in Q2 2024.
• Diluted EPS fell to $1.58 in Q2 2025 from $1.76 in Q2 2024.

IonQ delivered strong Q2 2025 results, with revenue of $20.7 million, surpassing the high end of its guidance by 15%. The company reported a net loss of $177.5 million and an Adjusted EBITDA loss of $36.5 million. Strategic acquisitions of Oxford Ionics, Lightsynq, and Capella significantly advanced its quantum computing and networking roadmaps, while a $1.0 billion equity offering boosted its cash reserves to $1.6 billion pro-forma.

• IonQ's Q2 2025 revenue reached $20.7 million, exceeding the top end of its guidance by 15%.
• The company announced a proposed $1.075 billion acquisition of Oxford Ionics and completed acquisitions of Lightsynq and Capella, significantly enhancing its quantum computing and networking capabilities.

Pan American Silver delivered a robust performance in Q2 2025, achieving record net earnings of $189.6 million and record free cash flow of $233.0 million. The company also increased its dividend by 20% and maintained its 2025 operating outlook, demonstrating strong financial health and operational efficiency.

• Record net earnings of $189.6 million and basic EPS of $0.52, significantly up from a net loss in the prior year.
• Achieved record free cash flow of $233.0 million, contributing to a record cash balance of $1.1 billion.

Permian Resources delivered robust financial and operational results in Q2 2025, with significant production increases across oil, NGLs, and natural gas. The company reported strong revenue and net income, maintained a solid balance sheet, and strategically deployed capital through share repurchases and a key bolt-on acquisition, reinforcing its low-cost leadership and high-quality asset base.

• Total net production reached a record 385,118 Boe/d, including 176,533 Bbls/d of oil, driven by strong well results and the APA New Mexico bolt-on acquisition.
• The company generated $1.0 billion in net cash provided by operating activities and $312 million in adjusted free cash flow.

Amdocs delivered robust third-quarter fiscal 2025 results, with revenue reaching $1.14 billion, surpassing the midpoint of its guidance. The company saw record revenue in Europe and achieved a record performance in managed services, which accounted for approximately 67% of total revenue. GAAP diluted EPS was $1.39, and non-GAAP diluted EPS was $1.72, both exceeding guidance ranges. Operating income and free cash flow also showed strong year-over-year growth.

• Revenue for Q3 Fiscal 2025 was $1.144 billion, exceeding the midpoint of guidance, despite an 8.4% year-over-year decrease as reported due to the phase-out of certain business activities.
• Managed services revenue reached a record $771 million, representing approximately 67% of total revenue and growing 4.1% year-over-year.

Exact Sciences delivered a strong second quarter in 2025, achieving record total revenue of $811 million, a 16% increase year-over-year. The company also significantly improved its adjusted EBITDA to $138 million, up 26%, and narrowed its net loss to $1 million. This performance was driven by robust growth in both Screening and Precision Oncology segments, and the successful launch of Cologuard Plus.

• Record total second quarter revenue of $811 million, marking a 16% increase from the prior year.
• Adjusted EBITDA reached $138 million, a 26% increase, with adjusted EBITDA margin improving to 17%.

CACI International Inc concluded fiscal year 2025 with exceptional performance, demonstrating resilience and differentiation in the industry. The company achieved double-digit growth in revenues, net income, and EPS for both the fourth quarter and the full fiscal year, meeting its margin and cash flow expectations. Significant contract awards totaling $10 billion for the full year contributed to a robust backlog of over $31 billion, positioning CACI for continued strong financial performance in fiscal year 2026.

• Revenues for Q4 2025 increased by 13.0% year-over-year to $2.304 billion, driven by 5.3% organic growth.
• Diluted EPS for Q4 2025 grew by 19.4% to $7.14, and Adjusted diluted EPS increased by 27.1% to $8.40.

Unity delivered a strong second quarter in 2025, with revenue reaching $441 million and Adjusted EBITDA at $90 million, both surpassing guidance. The company's new AI platform, Unity Vector, significantly contributed to the 15% sequential growth in the Unity Ad Network, highlighting an inflection point in its performance despite a slight year-over-year revenue decline.

• Revenue for Q2 2025 was $441 million, exceeding the high-end of guidance.
• Adjusted EBITDA reached $90 million, also substantially beating the high-end of guidance.

Dayforce delivered solid performance in Q2 2025, achieving strong growth in Dayforce recurring revenue, improved operating profit, and positive net income.

• Total revenue reached $464.7 million, with Dayforce recurring revenue at $315.5 million.
• Net income turned positive at $21.3 million compared to a loss last year.

Planet Fitness delivered robust financial performance in Q2 2025, with total revenue increasing by 13.3% to $340.9 million and net income attributable to Planet Fitness, Inc. rising to $58.0 million. The company also saw strong system-wide same club sales growth of 8.2% and opened 23 new clubs, ending the quarter with approximately 20.8 million members.

• Total revenue for Q2 2025 increased by 13.3% year-over-year, reaching $340.9 million.
• Net income attributable to Planet Fitness, Inc. grew to $58.0 million, or $0.69 per diluted share, compared to $48.6 million, or $0.56 per diluted share, in the prior year period.

The New York Times Company delivered a solid second quarter with 9.7% revenue growth year-over-year, boosted by a 15.1% rise in digital-only subscription revenues. Operating profit increased 34.2%, and the company added 230,000 net new digital-only subscribers.

• Digital-only subscription revenue rose 15.1% YoY to $350.4M.
• Total digital-only subscribers reached 11.3 million, up 1.08 million YoY.

ICL delivered higher sales in Q2 2025 compared to the prior year, supported by its Industrial Products, Phosphate Solutions, and Growing Solutions segments, while Potash was impacted by contract pricing and lower volumes.

• Sales rose to $1.83 billion, driven by growth in specialty-focused segments.
• Adjusted EBITDA reached $351 million for the quarter.

Dutch Bros Inc. delivered outstanding second quarter 2025 results, achieving 28% revenue growth year-over-year to $415.8 million. The company saw robust systemwide same shop sales growth of 6.1% and company-operated same shop sales growth of 7.8%, primarily fueled by transaction growth. Net income increased to $38.4 million, and adjusted EBITDA grew by 36.6% to $89.0 million. Based on this strong performance, Dutch Bros raised its full-year guidance for total revenues, same shop sales growth, and adjusted EBITDA.

• Total revenues increased by 28.0% year-over-year, reaching $415.8 million in Q2 2025.
• Systemwide same shop sales grew by 6.1%, with company-operated same shop sales increasing by 7.8%, primarily driven by transaction growth.

Primerica delivered robust financial results in the second quarter of 2025, with total revenue reaching $793.3 million and diluted adjusted operating EPS increasing by 10% year-over-year to $5.46. The company saw significant growth in Investment and Savings Products sales and client asset values, alongside a 5% increase in its life-licensed sales force.

• Total revenue for Q2 2025 was $793.3 million, with adjusted operating revenues up 7% year-over-year to $796.0 million.
• Diluted adjusted operating EPS increased by 10% to $5.46, compared to $4.95 in the prior year period.

MarketAxess delivered a strong second quarter in 2025, achieving record total revenues of $219.5 million, an 11% increase year-over-year. This growth was primarily fueled by a 12% rise in total commission revenue and a 7% increase in services revenue. The company also saw significant operational achievements, including record average daily volumes in portfolio trading, U.S. credit block trading, emerging markets, and eurobonds, demonstrating successful progress with new strategic initiatives.

• Total revenues increased by 11% to a record $219.5 million, including a $2.1 million positive impact from foreign currency fluctuations.
• Diluted EPS rose by 11% to $1.91, with non-GAAP EPS increasing by 16% to $2.00 excluding notable items.

Watts Water Technologies delivered record Q2 2025 sales, operating income, margins and EPS, driven by strong organic growth in the Americas and favorable price and productivity actions.

• Net sales of $643.7 M, up 8% reported and 6% organically
• Operating income of $135.3 M and operating margin of 21.0%

Bio-Techne saw 4% reported revenue growth in Q4, led by strength in Protein Sciences. However, the quarter resulted in a GAAP net loss due to an $83M impairment related to Exosome Diagnostics. Adjusted EPS rose to $0.53.

• Revenue grew 4% to $317M, with 3% organic growth.
• GAAP EPS declined to $(0.11) due to impairment costs.

UGI reported a net loss of $163 million in Q3 2025, driven by lower segment margins and weather impacts, with revenue slightly up and adjusted EPS near break-even.

• Total revenues of $1 394 000 000, up 1% from prior year
• GAAP diluted EPS of -0.76 and adjusted EPS of -0.01

The Middleby Corporation reported a challenging second quarter in 2025, with net sales decreasing by 1.4% and operating income falling to $155.4 million from $175.7 million in the prior year. Despite these headwinds, the company emphasized strong operational performance, market share gains through new product launches, and significant capital deployment towards share repurchases, totaling $322.7 million in the quarter.

• Net sales decreased by 1.4% in Q2 2025 compared to the prior year, totaling $977.859 million.
• Operating income for the quarter was $155.392 million, a decrease from $175.708 million in Q2 2024.

Blue Owl generated GAAP net investment income per share of $0.42 and adjusted net investment income per share of $0.40, maintained a NAV of $15.03 per share, and declared total dividends of $0.39 per share, supported by stable portfolio performance.

• GAAP net investment income per share of $0.42
• Adjusted net investment income per share of $0.40

Revolution Medicines reported a net loss driven by high R&D and G&A expenses, supported by a strong cash position from a funding agreement.

• Net loss of $247,787,000 for Q2 2025
• Loss from operations of $264,714,000

Informatica delivered a strong second quarter in 2025, with total revenues increasing to $407.3 million, a 1.7% year-over-year growth. Cloud Subscription ARR saw significant growth of 28.2% year-over-year, reaching $901.0 million. The company reported a GAAP operating loss of $0.1 million but a non-GAAP operating income of $109.4 million, demonstrating strong underlying profitability.

• Total revenues for Q2 2025 increased to $407.3 million, up 1.7% year-over-year.
• Cloud Subscription Annual Recurring Revenue (ARR) grew by 28.2% year-over-year to $901.0 million.

Sunoco posted Q2 2025 revenue of $5.39 billion with net income of $86 million, significantly lower than the prior year. However, Adjusted EBITDA rose to $454 million, driven by growth in the pipeline and terminal segments.

• Revenue was $5.39 billion, down from $6.17 billion in Q2 2024.
• Net income dropped to $86 million from $501 million last year.

Charles River Laboratories delivered a solid second-quarter financial performance, with revenue reaching $1.03 billion, a slight increase of 0.6% year-over-year. The company reported GAAP EPS of $1.06 and non-GAAP EPS of $3.12, demonstrating progress towards organic revenue growth, particularly driven by favorable results in the Discovery and Safety Assessment (DSA) segment. Operating margins improved on a non-GAAP basis across all segments, partially offset by higher unallocated corporate costs.

• Second-quarter revenue was $1.03 billion, a 0.6% increase from the prior year, with foreign currency translation positively impacting reported revenue by 1.2%.
• GAAP earnings per share were $1.06, a decrease from $1.74 in Q2 2024, primarily due to higher amortization expense, restructuring costs, and legal/advisory fees.

Light & Wonder reported Q2 2025 consolidated revenue of $809 000 000, net income of $95 000 000 (EPS $1.11), operating income of $202 000 000, free cash flow of $29 000 000, and adjusted NPATA per share of $1.58. Gaming operations remained resilient, SciPlay outpaced the market, and iGaming achieved record quarterly revenue of $81 000 000.

• Consolidated revenue was $809 000 000, down 1% year-over-year.
• Net income grew 16% to $95 000 000, EPS $1.11.

Parsons Corporation delivered a strong second quarter in 2025, with total revenue of $1.6 billion, despite a 5% year-over-year decrease. Excluding a confidential contract, revenue grew by 13%. The company achieved a net income of $55 million and an adjusted EBITDA of $149 million, with an expanded adjusted EBITDA margin of 9.4%. Parsons maintained a book-to-bill ratio of 1.0x and increased its total backlog to $8.9 billion, with 70% funded, the highest level since its IPO. The company also increased its fiscal year 2025 guidance for revenue, adjusted EBITDA, and cash flow from operations.

• Total revenue for Q2 2025 was $1.6 billion, a 5% decrease year-over-year, but showed 13% growth excluding a confidential contract.
• Net income for the quarter was $55 million, and adjusted EBITDA was $149 million, with an adjusted EBITDA margin of 9.4%, an increase of 40 basis points.

ESAB Corporation delivered a strong second quarter in 2025, with sales reaching $716 million. The company achieved a record core adjusted EBITDA margin of 20.4% and reported diluted EPS of $1.12, with core adjusted EPS at $1.36. Strategic acquisitions in medical gas control and welding equipment further strengthened its market position, leading to an upward revision of its full-year 2025 guidance.

• ESAB reported second quarter sales of $716 million, a 1% increase on a reported basis compared to the prior year.
• The company achieved a record core adjusted EBITDA margin of 20.4%, reflecting consistent performance and resilience.

TPG delivered $495 million in fee-related revenue and returned to net profitability, supported by strong capital raising and growth in AUM.

• Fee-Related Revenues (FRR) were $495 million, up 8% from Q2 2024.
• Net income of $30 million reversed a $58 million net loss in the prior year quarter.

Joby Aviation reported Q2 2025 revenue of $15,000, net loss of $324,674,000 (EPS –$0.41), and operating loss of $167,864,000. Cash, cash equivalents and short-term investments totaled $990,984,000. :contentReference[oaicite:0]{index=0}

• Revenue was $15,000 in Q2 2025, down from $28,000 in Q2 2024.
• Net loss was $324,674,000, compared with a net loss of $123,292,000 a year ago.

e.l.f. Beauty achieved 9% net sales growth in Q1 FY26 to $353.7 M, maintained profitability with GAAP net income of $33.3 M, and delivered adjusted EBITDA of $87.1 M while managing margin pressures from tariffs.

• Net sales increased 9% year-over-year to $353.7 M
• Gross margin declined 215 basis points to 69% due to tariffs

Lyft generated $1.5882 billion in revenue, delivered GAAP EPS of $0.10, net income of $40.314 million and free cash flow of $329.4 million in Q2 2025, alongside record gross bookings of $4.4901 billion.

• Record gross bookings of $4.4901 billion, up 12% year-over-year
• Revenue of $1.5882 billion, up 11% year-over-year

MKS Inc. delivered a strong second quarter in 2025, with total net revenues reaching $973 million, surpassing the high end of their guidance. The company reported GAAP net income of $62 million and diluted EPS of $0.92, both above the midpoint of guidance. Non-GAAP diluted EPS was $1.77, at the high end of guidance, and adjusted EBITDA was $240 million, also above the high end of guidance. The strong performance was attributed to growing demand in Semiconductor and Electronics & Packaging end markets, particularly for advanced packaging and AI-related applications.

• Revenue for Q2 2025 was $973 million, exceeding the high end of guidance.
• GAAP net income was $62 million, with diluted EPS of $0.92, both above guidance midpoints.

Louisiana-Pacific Corporation experienced a challenging second quarter in 2025, with consolidated net sales decreasing by $60 million to $755 million and net income falling by $106 million to $54 million. This decline was largely driven by a significant decrease in OSB net sales due to lower commodity prices. However, the Siding segment demonstrated strong performance, with net sales increasing by 11% to $460 million, setting new records for sales volume, sales revenue, and EBITDA.

• Consolidated net sales decreased by $60 million to $755 million in Q2 2025 compared to Q2 2024.
• Net income for Q2 2025 was $54 million, a decrease of $106 million year-over-year.

Chord Energy delivered net loss of $389.9 M on total revenues of $1,180.6 M, with adjusted free cash flow of $140.8 M and returned over 90% of FCF via dividends and buybacks.

• Total revenues were $1,180.6 M versus $1,260.7 M in Q2 2024.
• GAAP net loss of $389.9 M (–$6.77/diluted share) compared to income of $213.4 M in Q2 2024.

CareTrust REIT reported a strong second quarter in 2025, driven by substantial investments totaling $1.1 billion, including the strategic acquisition of Care REIT plc, which expanded its presence into the UK market. The company achieved a high contractual rent and interest collection rate of 99.7% and maintained low leverage. Financial results showed net income of $68.5 million and normalized FFO and FAD per share of $0.43, leading to an increase in full-year 2025 guidance.

• CareTrust REIT made significant investments of $1.1 billion in Q2 2025, including the acquisition of Care REIT plc, expanding its market reach.
• The company maintained strong operational performance with 99.7% of contractual rent and interest collected during the quarter.

Clearwater Analytics delivered a strong second quarter in 2025, with total revenue increasing by over 70% year-over-year to $181.9 million. The company also saw substantial growth in Annualized Recurring Revenue (ARR), which reached $783.5 million, up 83% from the previous year. Adjusted EBITDA grew by 74.3% to $58.3 million, and non-GAAP net income increased by 29.7% to $34.8 million, demonstrating robust financial performance and successful integration efforts.

• Total revenue for Q2 2025 was $181.9 million, marking a 70.4% increase year-over-year.
• Annualized Recurring Revenue (ARR) reached $783.5 million as of June 30, 2025, an 83% increase from the prior year.

Coeur delivered record Q2 2025 revenue of $481 M and GAAP net income of $71 M ($0.11/share), with record adjusted EBITDA of $244 M and record free cash flow of $146 M, driven by strong production increases across all operations.

• Revenue of $480.7 M, up from $360.1 M in Q1 and $222.0 M in Q2 2024.
• GAAP net income of $70.7 M ($0.11/share) and adjusted net income of $127.4 M ($0.20/share).

Lantheus experienced a slight decline in worldwide revenue in Q2 2025, primarily due to decreased PYLARIFY sales amidst increased competition. However, the company saw significant growth in GAAP net income and EPS. Strategic acquisitions of Life Molecular Imaging and Evergreen Theragnostics were completed, expanding the company's portfolio and capabilities. A new $400 million stock repurchase program was also authorized, reflecting confidence in long-term strategy.

• Worldwide revenue for Q2 2025 was $378.0 million, a 4.1% decrease compared to the prior year.
• GAAP fully diluted earnings per share increased by 27.3% to $1.12, while adjusted fully diluted earnings per share decreased by 12.8% to $1.57.

South Bow generated revenue of $524 million and net income of $96 million ($0.46 per share), produced normalized EBITDA of $250 million and distributable cash flow of $167 million, maintained net debt of $4.903 billion and declared $104 million in dividends.

• Revenue of $524 million in Q2 2025.
• GAAP net income of $96 million, or $0.46 per share.

SiTime Corporation announced strong financial results for the second quarter of 2025, with net revenue increasing by 58% year-over-year to $69.5 million. The growth was primarily fueled by a 137% year-over-year increase in revenue from the Communications, Enterprise, and Data Center (CED) market, driven by AI-related demand. The company reported a GAAP net loss of $20.2 million but a non-GAAP net income of $11.6 million.

• Net revenue for Q2 2025 increased by 58% year-over-year to $69.5 million.
• Revenue from the Communications, Enterprise, and Data Center (CED) market surged by 137% year-over-year, largely due to AI-driven demand.

Oscar Health's Q2 2025 results showed revenue growth due to increased membership, but profitability suffered from higher medical costs and adverse market conditions.

• Total revenue grew to $2.86B, up from $2.22B in Q2 2024.
• Net loss of $228M compared to net income of $56M last year.

Vertex delivered Q2 2025 results in line with expectations, achieving significant revenue growth driven by software subscriptions and cloud services. Despite a net loss for the quarter, non-GAAP net income remained strong, and the company maintained healthy cash flow. However, extended sales cycles impacted the full-year revenue guidance.

• Total revenues increased by 14.6% year-over-year to $184.6 million.
• Software subscription revenues grew by 15.7% year-over-year, reaching $157.8 million.

Grand Canyon Education, Inc. delivered a strong second quarter in 2025, with service revenue increasing by 8.8% year-over-year to $247.5 million. Net income rose by 19.1% to $41.5 million, and diluted EPS reached $1.48. The growth was primarily fueled by a 10.3% increase in partner enrollments, reaching 117,283.

• Service revenue for Q2 2025 increased by 8.8% to $247.5 million, up from $227.5 million in Q2 2024.
• Net income for the quarter grew by 19.1% to $41.5 million, compared to $34.9 million in the prior year.

Southwest Gas posted a Q2 2025 net loss of $12.9 million, largely due to tax impacts from Centuri divestitures. However, adjusted EPS rose to $0.53 and operating margin expanded, reflecting regulatory wins and customer growth.

• Reported net loss of $12.9 million, primarily due to tax consequences from Centuri stock sales.
• Adjusted EPS rose to $0.53 from $0.31 in Q2 2024, a 71% increase.

Ormat Technologies, Inc. announced strong financial results for the second quarter ended June 30, 2025, with record revenue and Adjusted EBITDA. The company saw a 9.9% increase in revenue, a 26.1% rise in net income, and a 6.7% improvement in Adjusted EBITDA, primarily due to the recovery of its Product segment and enhanced performance in the Energy Storage segment.

• Ormat achieved record second quarter revenue of $209.8 million, a 9.9% increase year-over-year.
• Net income surged by 26.1% to $38.7 million, while Adjusted EBITDA grew by 6.7% to $100.0 million.

Valvoline Inc. delivered robust financial results for its third quarter, with sales reaching $439 million and a significant increase in income from continuing operations and EPS. The company also expanded its retail footprint by adding 46 new stores system-wide, demonstrating resilience in customer demand.

• Sales for the third quarter reached $439 million, marking a 4% increase year-over-year, and a 12% increase when considering the impact of Refranchising.
• Reported income from continuing operations grew by 18% to $57 million, with diluted earnings per share (EPS) increasing by 19% to $0.44.

In Q4 2025, Avnet generated $5.62 billion in revenue, up slightly year-over-year. However, net income dropped to $6.1 million with GAAP EPS of $0.07, primarily due to higher restructuring costs. Adjusted EPS was $0.81, while Asia and Farnell showed growth.

• Revenue reached $5.62 billion, growing 1.0% year-over-year.
• GAAP net income plunged to $6.1 million, down from $82.7 million a year ago.

F&G Annuities & Life reported net earnings of $35 million, or $0.26 per diluted share, for the second quarter of 2025. Adjusted net earnings were $103 million, or $0.77 per share. The company saw significant growth in AUM before flow reinsurance, reaching $69.2 billion, a 13% increase from the prior year, driven by strong sales, particularly in the retail channel.

• Net earnings attributable to common shareholders for Q2 2025 were $35 million, or $0.26 per diluted share, a decrease from $198 million in Q2 2024.
• Adjusted net earnings for Q2 2025 were $103 million, or $0.77 per share, compared to $139 million in Q2 2024.

ADMA Biologics delivered a strong second quarter in 2025, with total revenue reaching $122.0 million, a 14% increase year-over-year. GAAP net income grew by 7% to $34.2 million, while Adjusted EBITDA surged to $50.8 million and Adjusted Net Income to $36.0 million, both showing substantial underlying growth when excluding a prior-year non-recurring item. The company also initiated commercial-scale manufacturing with its yield enhancement process, delivering a 20%+ increase in finished IG output, and completed a $300 million syndicated debt refinancing, significantly lowering borrowing costs.

• Total revenue for Q2 2025 was $122.0 million, marking a 14% year-over-year increase, and a 29% increase excluding a prior-year non-recurring item.
• GAAP Net Income for Q2 2025 was $34.2 million, a 7% increase year-over-year, while Adjusted Net Income reached $36.0 million, an 85% increase excluding a prior-year non-recurring item.

Copa Holdings delivered a strong second quarter in 2025, with net profit increasing by 23.8% to $148.9 million and EPS rising by 25.2% to $3.61. The company achieved a robust operating margin of 21.0% and a net margin of 17.7%, both showing significant improvements year-over-year. Despite a slight decrease in RASM, CASM decreased by 4.6%, contributing to improved profitability.

• Net profit reached $148.9 million, a 23.8% increase from Q2 2024.
• Basic Earnings Per Share (EPS) was $3.61, up 25.3% compared to the same period last year.

Remitly Global, Inc. delivered exceptional financial performance in Q2 2025, with significant year-over-year growth in send volume, revenue, and Adjusted EBITDA. The company achieved GAAP profitability and raised its full-year 2025 revenue and Adjusted EBITDA outlook, demonstrating strong operational execution and strategic positioning in the global financial services market.

• Revenue increased by 34% year-over-year to $411.9 million in Q2 2025.
• Net income reached $6.5 million in Q2 2025, a significant improvement from a net loss of $12.1 million in the prior year.

Verra Mobility delivered a strong second quarter in 2025, with total revenue increasing by 6% year-over-year to $236.0 million. Net income rose to $38.6 million, and adjusted EPS reached $0.34. The company also generated significant cash flow from operations, reaffirming its full-year 2025 guidance.

• Total revenue for Q2 2025 was $236.0 million, a 6% increase compared to Q2 2024.
• Net income for Q2 2025 was $38.6 million, or $0.24 per diluted share, up from $34.2 million in Q2 2024.

Acadia Pharmaceuticals delivered a strong second quarter in 2025, with total revenues reaching $264.6 million, a 9% increase year-over-year. Both NUPLAZID and DAYBUE showed significant sales growth, contributing to the positive financial performance. The company also highlighted progress in its R&D pipeline and key patent litigation wins.

• Total revenues for Q2 2025 were $264.6 million, marking a 9% increase compared to the same period in the previous year.
• NUPLAZID net product sales grew 7% year-over-year to $168.5 million, driven by strong commercial execution and increased patient engagement.

Symbotic reported strong third-quarter fiscal year 2025 results with revenue increasing by 26% year-over-year to $592 million and adjusted EBITDA reaching $45 million. The company continued to improve gross margins, although it posted a net loss of $32 million.

• Revenue for Q3 fiscal year 2025 reached $592 million, a 26% increase compared to $470 million in Q3 fiscal year 2024.
• The company reported a net loss of $32 million in Q3 fiscal year 2025, compared to a net loss of $27 million in the same period last year.

Hecla Mining Company delivered exceptional financial and operational results in the second quarter of 2025, achieving record revenue of $304.0 million, record Adjusted EBITDA of $132.5 million, and record free cash flow of $103.8 million. The company significantly improved its net leverage ratio to 0.7x and saw increased silver and gold production, with all producing assets contributing positively to cash generation.

• Record quarterly revenue of $304.0 million, a 16% increase over the prior quarter, driven by higher realized metal prices and increased precious metals sales volumes.
• Achieved record Adjusted EBITDA of $132.5 million and record quarterly free cash flow of $103.8 million, with all producing assets contributing positively.

Perrigo delivered stable Q2 2025 results with $1.06 billion in revenue and flat organic operating income. Adjusted EPS rose modestly, reflecting lower interest expenses and FX tailwinds. Organic net sales were nearly unchanged due to product divestitures and varied category performance.

• Revenue was $1.06 billion, down 0.9%, driven by exited products and divestitures.
• Adjusted EPS rose to $0.57, benefiting from lower interest expenses and FX gains.

The Brink's Company reported robust second-quarter performance, surpassing its guidance for revenue, EBITDA, and EPS. The company achieved mid-single digit organic revenue growth and mid-to-high teens organic growth in AMS/DRS, driven by strong productivity in North America and Europe and an increasing mix of higher-margin AMS/DRS revenue. Free cash flow improved significantly, and the company repurchased $85 million in common stock shares.

• Achieved second-quarter revenue of $1,301 million, exceeding guidance.
• Reported GAAP operating profit of $134 million, a 15% increase year-over-year.

Murphy Oil Corporation delivered solid operational results in the second quarter of 2025, with production outperforming guidance due to strong new well productivity and continued workover progress. The company reported a net income of $22.3 million and returned $46 million to shareholders through dividends.

• Production increased sequentially to 189,677 BOEPD, outperforming the high-end of guidance.
• Net income attributable to Murphy was $22.3 million, with diluted EPS of $0.16.

Rayonier Inc. reported a net income of $408.7 million, or $2.63 per share, on revenues of $106.5 million for the second quarter of 2025. This substantial increase was primarily due to a $404.4 million gain on the sale of its New Zealand joint venture interest. Pro forma net income, excluding this gain and other adjustments, was $9.6 million, or $0.06 per share. Adjusted EBITDA increased by 35% to $44.9 million, driven by strong results in Real Estate and Pacific Northwest Timber, partially offset by a decline in Southern Timber.

• Net income attributable to Rayonier surged to $408.7 million ($2.63 per share) in Q2 2025, largely due to a $404.4 million gain from the sale of the New Zealand joint venture.
• Pro forma net income for the quarter was $9.6 million ($0.06 per share), a significant improvement from a pro forma net loss in the prior year period.

Howard Hughes Holdings Inc. delivered strong financial results in Q2 2025, despite a net loss from continuing operations due to a one-time GAAP loss on MUD receivables. The company saw record pricing for residential land sales in its MPCs and robust Net Operating Income (NOI) growth in its Operating Assets, particularly in office and multifamily sectors. A major highlight was the $900 million investment from Pershing Square, aimed at transforming HHH into a diversified holding company. The company also raised its full-year 2025 guidance for Adjusted Operating Cash Flow, MPC EBT, and Operating Assets NOI.

• Net loss from continuing operations per diluted share was $(0.22), impacted by a $(0.66) GAAP loss on the sale of MUD receivables.
• Pershing Square invested $900 million in newly issued HHH stock, providing capital for future acquisitions and supporting the company's transformation into a diversified holding company.

PROCEPT BioRobotics delivered a strong second quarter in 2025, with total revenue reaching $79.2 million, a 48% increase year-over-year, driven by robust global demand and continued procedural momentum. The company also increased its fiscal year 2025 total revenue guidance.

• Total revenue for Q2 2025 was $79.2 million, marking a 48% increase compared to the prior year period.
• U.S. handpiece and consumables revenue grew by 58% to $43.1 million, while U.S. system and rental revenue increased by 24% to $22.1 million.

The GEO Group posted solid results for Q2 2025, returning to profitability with $29.1M in net income and strong revenue growth driven by new ICE contracts. The company also announced a $300M share repurchase program and highlighted a substantial decline in debt extinguishment costs.

• Reported net income of $29.1 million, reversing a $32.5 million loss from Q2 2024
• Revenue rose to $636.2 million from $607.2 million in Q2 2024

Scholar Rock reported a net loss of $110 million for Q2 2025, an increase from $58.5 million in Q2 2024, primarily due to increased research and development and general and administrative expenses as the company prepares for the potential U.S. commercial launch of apitegromab. The company had no revenue for the quarter but maintained a strong cash position of $295 million, expected to fund operations into 2027.

• Net loss for Q2 2025 was $110 million, significantly higher than $58.5 million in Q2 2024.
• Research and development expenses increased by $20 million to $62.4 million, driven by drug supply manufacturing and employee-related costs.

Crane NXT delivered second quarter 2025 results in line with expectations, achieving sales of $404.4 million, a 9.1% increase year-over-year, primarily driven by acquisitions and favorable foreign exchange, despite a 0.8% core sales decline. The company reported GAAP EPS of $0.43 and Adjusted EPS of $0.97, while maintaining its full-year EPS guidance.

• Total net sales for Q2 2025 reached $404.4 million, marking a 9.1% increase compared to Q2 2024.
• GAAP earnings per diluted share (EPS) was $0.43, with Adjusted EPS at $0.97 for the second quarter.

Kodiak Gas Services achieved record financial performance in the second quarter of 2025, driven by strong demand for contract gas compression services. The company reported record adjusted EBITDA and earnings per share, alongside increased fleet utilization and improved contract services adjusted gross margin. This robust performance led to an increase in full-year 2025 guidance for adjusted EBITDA and discretionary cash flow, and a significant increase in its share repurchase program, reflecting confidence in future growth and commitment to shareholder returns.

• Kodiak Gas Services reported record earnings per share of $0.43 per diluted share for Q2 2025.
• The company achieved record quarterly adjusted EBITDA of $178.2 million, a 15.5% increase compared to Q2 2024.

Avista Corp. reported a net income of $14 million and diluted EPS of $0.17 for the second quarter of 2025. While core utility operations, particularly Avista Utilities, showed strength with increased margins, the consolidated results were negatively impacted by unrealized losses in the investment portfolio, primarily in clean technology investments.

• Net income for Q2 2025 was $14 million, a decrease from $23 million in Q2 2024.
• Diluted earnings per share for Q2 2025 were $0.17, down from $0.29 in Q2 2024.

Power Integrations announced second-quarter 2025 financial results, with net revenues reaching $115.9 million, a 9% increase year-over-year. GAAP net income was $1.4 million, or $0.02 per diluted share, while non-GAAP net income was $19.9 million, or $0.35 per diluted share. The company saw strong growth in the industrial category and repurchased $32.6 million in shares.

• Net revenues for Q2 2025 were $115.9 million, up 9% year-over-year.
• GAAP net income was $1.4 million ($0.02 per diluted share), and non-GAAP net income was $19.9 million ($0.35 per diluted share).

Civitas Resources delivered a robust second quarter in 2025, surpassing expectations with strong operational performance, including increased oil production and reduced capital and operating expenses. The company also announced significant non-core asset divestments totaling $435 million, which will be used for debt reduction, and reinstated a capital return program, including a $250 million accelerated share repurchase.

• Second quarter results exceeded expectations, driven by strong operating performance, higher oil production, and lower capital and operating costs.
• The company signed agreements to divest non-core DJ Basin assets for $435 million, significantly surpassing its 2025 full-year asset sales target, with proceeds allocated to debt reduction.

American States Water Company delivered a solid second quarter in 2025, with consolidated diluted earnings per share rising to $0.87 from $0.85 in the prior year. This growth was primarily fueled by new rate increases in the regulated water and electric utilities, which supported capital investments and covered higher operating costs. The contracted services segment experienced a decline due to project timing, though it is still expected to contribute positively for the full year. The company also announced its 71st consecutive annual dividend increase, reinforcing its commitment to shareholder returns.

• Consolidated diluted earnings per share increased to $0.87 in Q2 2025 from $0.85 in Q2 2024.
• Water and electric utility segments saw increased earnings due to new CPUC-authorized rates and capital investment growth.

USA Compression Partners delivered a record-setting second quarter in 2025, driven by robust demand for its compression services. The company achieved record total revenues of $250.1 million and a record average revenue per revenue-generating horsepower per month of $21.31. Adjusted EBITDA and Distributable Cash Flow also saw year-over-year increases, reflecting strong operational performance and demand across oil and gas producing basins.

• Total revenues reached a record $250.1 million in Q2 2025, an increase from $235.3 million in Q2 2024.
• Adjusted EBITDA grew to $149.5 million in Q2 2025, up from $143.7 million in the prior year's quarter.

Dave Inc. delivered a record-setting second quarter in 2025, with revenue accelerating by 64% year-over-year to $131.7 million and net income increasing by 42% to $9.1 million. The company also achieved record Adjusted EBITDA of $50.9 million, driven by a new fee structure and improved member lifetime value.

• Revenue grew 64% year-over-year to $131.7 million, marking the third consecutive quarter of accelerated growth.
• Net income increased 42% year-over-year to $9.1 million, while Adjusted Net Income surged 233% to $45.7 million.

Apple Hospitality REIT, Inc. experienced a challenging second quarter of 2025 with declines in net income, EPS, and operating income compared to the same period last year. However, the company noted sequential improvements in Comparable Hotels RevPAR throughout the quarter, with preliminary July results showing positive growth. The company continues to focus on optimizing its business mix, strengthening market share, and executing a disciplined capital allocation strategy, including opportunistic asset sales and share repurchases.

• Net income for Q2 2025 decreased by 13.9% to $63.648 million, and EPS fell by 12.9% to $0.27 compared to Q2 2024.
• Comparable Hotels RevPAR declined by 1.7% year-over-year, primarily due to a 1.6% decrease in occupancy, though monthly declines moderated throughout the quarter.

Catalyst Pharmaceuticals achieved record total revenues in Q2 2025, reaching $146.6 million, a 19.4% increase year-over-year. This growth was primarily fueled by strong performances from FIRDAPSE and AGAMREE, with AGAMREE showing exceptional triple-digit growth. The company also maintained a strong cash position with $652.8 million and no funded debt.

• Record Q2 2025 total revenues of $146.6 million, up 19.4% year-over-year.
• AGAMREE net product revenue surged by 212.9% year-over-year to $27.4 million, driven by accelerating physician adoption.

Magnite delivered a strong second quarter in 2025, with revenue increasing by 6% year-over-year to $173.3 million. The company reported a net income of $11.1 million, a significant improvement from a net loss in the prior year, and non-GAAP EPS of $0.20. Contribution ex-TAC grew 10% year-over-year, exceeding guidance, with CTV contribution ex-TAC growing 14%. Adjusted EBITDA increased by 22% year-over-year, reaching $54.4 million, with a 34% margin.

• Revenue increased by 6% year-over-year to $173.3 million.
• Contribution ex-TAC grew 10% year-over-year to $162.0 million, surpassing guidance.

Kinetik experienced mixed results in Q2 2025, with strong processed gas volume growth of 11% year-over-year, but faced headwinds from lower commodity pricing and higher operating costs. The company generated $74.4 million in net income and $242.9 million in Adjusted EBITDA. Commissioning of the Kings Landing Complex began, with full commercial in-service expected in late September 2025, which is anticipated to drive significant volume growth in the latter half of the year.

• Net income for Q2 2025 was $74.4 million, with Adjusted EBITDA reaching $242.9 million.
• Processed natural gas volumes grew by 11% year-over-year, reaching 1.75 Bcf/d.

Tutor Perini delivered exceptional second-quarter results, driven by strong revenue growth across all segments and higher-margin projects. The company achieved record operating cash flow and a record backlog, leading to increased confidence and a raised EPS guidance for 2025, with expectations for even higher earnings in 2026 and 2027.

• Revenue increased by 22% year-over-year to $1.37 billion, with solid growth across all three segments.
• Income from construction operations surged by 89% year-over-year to $76.4 million, reflecting strong operating performance.

For the three months ended June 30, 2025, Enlight Renewable Energy generated $135000000 in revenue, up 53% year-over-year, and reported net income of $6000000. Earnings per share was $0.01 for the quarter.

• Revenue was $135000000 for the quarter, up 53% year-over-year.
• Net income was $6000000 for Q2 2025.

Mirum Pharmaceuticals reported strong second quarter 2025 financial results, with total revenue reaching $127.8 million, driven by robust global net product sales, especially from LIVMARLI. The company raised its full-year revenue guidance to $490 million to $510 million, reflecting confidence in its commercial momentum and pipeline advancements.

• Total revenue for Q2 2025 was $128 million, demonstrating significant growth compared to the previous year.
• Global net product sales reached $127.8 million, with LIVMARLI sales contributing $88.2 million, an 87% increase year-over-year.

LivaNova delivered a robust second quarter in 2025, achieving $352.5 million in revenue, a 10.7% increase year-over-year. The company reported GAAP diluted EPS of $0.50 and adjusted diluted EPS of $1.05, demonstrating strong financial performance driven by growth in both Cardiopulmonary and Neuromodulation segments. LivaNova also raised its full-year 2025 guidance for revenue, adjusted EPS, and adjusted free cash flow.

• Second-quarter revenue increased by 10.7% to $352.5 million, with organic growth of 10.3% compared to the prior-year period.
• GAAP diluted earnings per share was $0.50, and adjusted diluted earnings per share was $1.05, showing significant improvement.

OPENLANE delivered a very strong second quarter in 2025, with revenue growing 9% year-over-year to $481.7 million, driven by a 24% increase in auction fee revenue. The company reported a net income of $33.4 million and an operating profit of $47.4 million. Adjusted EBITDA increased by 21% to $86.7 million, and Adjusted Free Cash Flow reached $86.5 million, demonstrating strong operational performance and cash generation. The marketplace segment now accounts for 51% of consolidated Adjusted EBITDA.

• Revenue increased by 9% year-over-year to $481.7 million, primarily driven by a 24% growth in auction fee revenue.
• Net income from continuing operations surged by 212% year-over-year to $33.4 million.

Warrior Met Coal delivered positive net income and operating cash flows in Q2 2025, despite significantly weaker steelmaking coal market conditions. The company's performance was bolstered by strong cost discipline and the early commercial sales from its Blue Creek mine, which contributed to increased sales and production volumes.

• Net income for Q2 2025 was $5.6 million, a significant decrease from $70.7 million in Q2 2024, primarily due to weaker steelmaking coal market conditions.
• Total revenues were $297.5 million, down from $396.5 million in the prior year, reflecting a 30.1% decrease in the average net selling price of steelmaking coal.

CoreCivic delivered a robust second quarter in 2025, with significant increases across key financial metrics including total revenue, net income, and diluted EPS. The strong performance was primarily attributed to higher federal and state populations, increased average per diem rates, and the recognition of employee retention credits. The company also made strategic capital deployments through share repurchases and the acquisition of the Farmville Detention Center, while actively reactivating previously idled facilities to meet growing demand.

• Total revenue increased by 9.8% to $538.2 million, reflecting strong demand for services.
• Net income surged by 103.4% to $38.5 million, and diluted EPS rose by 105.9% to $0.35.

In the second quarter of 2025, Root delivered record revenue growth, returned to GAAP profitability with positive net income and operating income, and expanded adjusted EBITDA driven by underwriting discipline and channel diversification.

• Revenue rose to 382900000, up about 32% year-over-year. :contentReference[oaicite:0]{index=0}
• Net income was 22000000, reversing a prior year loss. :contentReference[oaicite:1]{index=1}

Extreme Networks concluded Q4 2025 with substantial momentum, achieving its fifth consecutive quarter of sequential revenue growth, up 20% year-over-year to $307.0 million. SaaS ARR also saw a significant increase of 24% year-over-year, reaching $207.6 million. The company reported a GAAP diluted loss per share of $0.06 and a non-GAAP diluted EPS of $0.25, alongside strong gross and operating margins, indicating effective expense management and a successful subscription model transition.

• Q4 2025 revenue reached $307.0 million, marking a 20% increase year-over-year and the fifth consecutive quarter of sequential growth.
• SaaS Annual Recurring Revenue (ARR) grew by 24% year-over-year to $207.6 million, demonstrating strong traction in their subscription model.

Diebold Nixdorf reported strong second-quarter financial results, with total net sales of $915.2 million and net income of $12.7 million. The company achieved positive free cash flow for the third consecutive quarter and reaffirmed its full-year outlook, trending towards the higher end of the range.

• Product backlog increased to approximately $980 million, with order entry up ~10% year-over-year.
• Delivered third consecutive quarter of positive free cash flow, reaching $12.6 million (non-GAAP).

Veracyte delivered a robust performance in the second quarter of 2025, with total revenue increasing by 14% year-over-year to $130.2 million, driven primarily by a 14% rise in testing revenue. The company achieved a GAAP net loss of $1.0 million, which included $20.5 million in one-time impairment charges related to its French subsidiary, but reported a strong adjusted EBITDA of $35.8 million, representing 27.5% of revenue. Volume growth was also significant, with total test volume up 15% and testing volume up 18%.

• Total revenue increased by 14% year-over-year to $130.2 million, with testing revenue also growing by 14% to $122.3 million.
• Decipher revenue surged by 24% to $76.3 million, and Decipher volume grew by 28% to approximately 25,500 tests, marking its thirteenth consecutive quarter of over 25% year-over-year volume growth.

Vishay Intertechnology reported a 7% sequential increase in revenue for the second quarter of 2025, reaching $762.3 million. The company achieved growth across all end markets, regions, and customer types for both semiconductors and passive components. Despite a GAAP EPS of $0.01, the adjusted loss per share was $(0.07).

• Second quarter 2025 revenues increased sequentially by 7% to $762.3 million.
• Gross margin for Q2 2025 was 19.5%, impacted by the Newport acquisition.

NCR Atleos delivered a strong second quarter in 2025, with revenue of $1.10 billion and GAAP net income of $45 million. The company's GAAP diluted EPS grew 46% year-over-year to $0.60, and non-GAAP diluted EPS increased 9% to $0.93. Recurring revenue streams accounted for 70% of total revenue, highlighting the success of its services-led strategy. The company also announced a $200 million share repurchase authorization and reaffirmed its full-year 2025 guidance.

• Revenue reached $1.10 billion, with 70% derived from recurring revenue streams.
• GAAP diluted earnings per share increased by 46% year-over-year to $0.60, while non-GAAP diluted earnings per share grew 9% to $0.93.

Capri Holdings reported a 6.0% decrease in total revenue to $797 million for Q1 Fiscal 2026, but exceeded expectations for both revenue and earnings per share. The company achieved a net income of $56 million and adjusted EPS of $0.50, demonstrating progress in strategic initiatives despite a dynamic macroeconomic environment.

• Total revenue decreased by 6.0% to $797 million, but exceeded expectations.
• Diluted earnings per share were $0.47, with adjusted diluted earnings per share at $0.50, also exceeding expectations.

International Seaways experienced a decline in its second quarter 2025 financial performance, with net income falling to $62 million from $145 million in Q2 2024, primarily due to lower TCE revenues and reduced gains from vessel sales. Despite the downturn, the company continued its strategic fleet optimization by selling older vessels and acquiring modern tonnage, while maintaining a strong balance sheet with over $700 million in total liquidity. The company also continued its commitment to shareholder returns through significant dividends.

• Net income for Q2 2025 was $62 million, a significant decrease from $145 million in Q2 2024, driven by lower TCE revenues and reduced gains on vessel sales.
• Total Shipping Revenues for the second quarter were $196 million, down from $257 million in the prior year, with consolidated TCE revenues at $189 million.

LiveRamp reported a strong start to fiscal year 2026, with first-quarter results exceeding expectations. The company achieved 11% year-over-year revenue growth, reaching $195 million, and significantly expanded its GAAP operating margin to 4% from a loss of 3% in the prior year. Non-GAAP diluted EPS was $0.44, demonstrating robust profitability.

• Total revenue increased by 11% year-over-year to $195 million, driven by growth in both subscription and marketplace segments.
• GAAP operating income improved significantly to $7 million, compared to a loss of $5 million in the prior year, reflecting a 7 percentage point expansion in operating margin.

Sarepta Therapeutics delivered strong financial results in Q2 2025, with total revenues increasing by 68% year-over-year to $611.1 million. This growth was primarily fueled by a significant increase in ELEVIDYS net product revenue following its expanded label approval. The company also reported GAAP net income of $196.9 million and non-GAAP net income of $215.2 million, alongside positive cash flow for the quarter.

• Total revenues for Q2 2025 reached $611.1 million, a 68% increase compared to Q2 2024.
• Net product revenues for ELEVIDYS increased by $160.1 million, contributing significantly to overall revenue growth.

NextNav Inc. reported a revenue of $1.2 million for Q2 2025, an increase from the prior year, primarily driven by technology and services contracts. However, the company experienced a significant net loss of $63.2 million, largely due to a loss on change in the fair value of derivative liability and warrants. Operating loss also increased to $17.2 million.

• Revenue for Q2 2025 increased to $1.2 million, up from $1.1 million in the prior year, driven by technology and services contracts.
• Net loss for the quarter was $63.2 million, significantly higher than the $24.4 million net loss in the prior year, primarily due to a $39.5 million loss on change in fair value of derivative liability and warrants.

DHT Holdings delivered a robust performance in Q2 2025, with significant increases in revenue and net income. The company's strategic focus on VLCC operations and a balanced fleet employment strategy contributed to strong financial results, supported by healthy spot market rates.

• Total revenue for Q2 2025 reached $105.2 million, a substantial increase from the previous year.
• Net income for the quarter was $58.3 million, demonstrating strong profitability.

CSG Systems delivered a strong second quarter in 2025, with total revenue reaching $297.1 million, a 2.3% increase year-over-year. The company saw robust growth in both GAAP and non-GAAP operating income, driven by the expansion of SaaS and related solutions and effective cost efficiency measures. Non-GAAP EPS also increased significantly, and the company generated strong cash flow from operations, leading to raised full-year profitability and non-GAAP adjusted free cash flow guidance.

• Total revenue for Q2 2025 was $297.1 million, a 2.3% increase compared to Q2 2024, primarily due to growth in SaaS and related solutions and the acquisition of iCG business.
• GAAP operating income increased by 17.5% to $29.9 million, with the operating margin rising to 10.0%, attributed to decreased restructuring charges and cost efficiency actions.

EverCommerce delivered a robust performance in the second quarter of 2025, with revenue increasing by 5.3% year-over-year to $148.0 million and Adjusted EBITDA reaching $45.0 million, up from $39.4 million in the prior year. The company also achieved net income of $5.8 million, a significant improvement from a net loss in the same period last year, driven by strategic priorities of revenue reacceleration and cost optimization.

• Revenue from continuing operations increased by 5.3% to $148.0 million, surpassing guidance.
• Adjusted EBITDA from continuing operations grew to $45.0 million, exceeding the top end of guidance.

Sunstone Hotel Investors experienced a decline in net income and EPS in the second quarter of 2025 compared to the same period last year, primarily due to a loss on asset sale. Despite this, the company saw a slight increase in RevPAR and continued its share repurchase program, demonstrating a focus on capital recycling and shareholder value.

• Net income for Q2 2025 decreased by 58.8% to $10.8 million, down from $26.1 million in Q2 2024, largely impacted by an $8.8 million loss on the sale of assets.
• Diluted EPS fell significantly by 72.7% to $0.03 in Q2 2025, compared to $0.11 in Q2 2024.

Upwork delivered an exceptional second quarter in 2025, with record revenue of $194.9 million, net income of $32.7 million, and an all-time high adjusted EBITDA margin of 29.3%. The company's strong performance was driven by AI features and strategic acquisitions, leading to raised full-year guidance for both revenue and adjusted EBITDA.

• Achieved record second quarter revenue of $194.9 million, demonstrating strong financial performance.
• Reported GAAP net income of $32.7 million and adjusted EBITDA of $57.1 million, with significant year-over-year increases in profitability.

Horace Mann Educators Corporation delivered a strong second quarter in 2025, with net income surging to $29.4 million and record core earnings reaching $44.2 million. Total revenue increased by 6%, and the Property & Casualty segment's combined ratio improved significantly. The company also raised its full-year 2025 core EPS guidance.

• Net income for Q2 2025 was $29.4 million, a substantial increase from $3.8 million in the prior year.
• Record core earnings reached $44.2 million, or $1.06 per diluted share, up significantly from $11.3 million in Q2 2024.

Certara reported strong second-quarter 2025 financial results, with total revenue increasing by 12% year-over-year to $104.6 million. The company significantly reduced its net loss to $2.0 million from $12.6 million in the prior year, and adjusted EBITDA grew by 21% to $31.9 million, reflecting robust performance in its core biosimulation software and QSP services.

• Total revenue for Q2 2025 reached $104.6 million, marking a 12% increase compared to Q2 2024.
• Net loss significantly improved to $2.0 million in Q2 2025, an 84% improvement from a $12.6 million net loss in Q2 2024.

Tarsus Pharmaceuticals delivered its strongest quarter to date, with net product sales exceeding $100 million, primarily due to the continued success and rapid adoption of XDEMVY. The company significantly reduced its net loss compared to the prior year, demonstrating strong commercial execution and pipeline advancements.

• Achieved record quarterly net product sales of $102.7 million for XDEMVY, marking a 152% year-over-year increase.
• Distributed approximately 91,000 bottles of XDEMVY to patients, a substantial increase from the previous year.

Talos Energy delivered strong operational and financial results in Q2 2025, with Adjusted EBITDA and Adjusted Free Cash Flow surpassing consensus. The company repurchased $33 million in shares and increased its cash position, while achieving key operational milestones including first production from Katmai West #2 and Sunspear wells, and resuming drilling at the Daenerys prospect. The company maintained a solid financial foundation with a low leverage ratio.

• Adjusted EBITDA reached $294.2 million, and Adjusted Free Cash Flow before changes in working capital was $98.5 million, both exceeding consensus estimates.
• The company repurchased 3.8 million shares for approximately $32.6 million, demonstrating a commitment to returning capital to shareholders.

Kennametal faced significant market headwinds in Q4 2025, including persistent market softness, tariff impacts, and foreign exchange weakness, leading to a 5% decline in sales and a substantial decrease in both reported and adjusted EPS. Despite these challenges, the company continued its strategic initiatives in productivity, cost restructuring, and portfolio optimization, achieving $65 million in annualized run-rate pre-tax savings.

• Q4 sales decreased by 5% to $516 million, primarily due to a 5% organic sales decline.
• Reported EPS for Q4 was $0.28, a significant decrease from $0.47 in the prior year quarter, while adjusted EPS was $0.34, down from $0.49.

Arcutis Biotherapeutics reported strong financial results for Q2 2025, driven by significant growth in ZORYVE net product revenue, which increased by 164% year-over-year to $81.5 million. The company also achieved FDA approval for ZORYVE foam 0.3% for scalp and body psoriasis and advanced its pipeline with new study initiations and IND submissions.

• Net product revenue for ZORYVE reached $81.5 million in Q2 2025, marking a 164% increase from Q2 2024 and a 28% increase from Q1 2025.
• ZORYVE foam 0.3% received FDA approval for plaque psoriasis of the scalp and body in adults and adolescents 12 years and older.

GoodRx delivered a solid financial quarter in Q2 2025, with total revenue increasing 1% year-over-year to $203.1 million. The company achieved a net income of $12.8 million and an Adjusted EBITDA of $69.4 million, demonstrating continued year-over-year Adjusted EBITDA Margin growth. While facing headwinds in prescription transactions and subscriptions, the Pharma Manufacturer Solutions segment showed strong growth, increasing 32% year-over-year.

• Total revenue for Q2 2025 increased by 1% year-over-year to $203.1 million.
• Net income for the quarter was $12.8 million, with a net income margin of 6.3%.

DNOW delivered a strong second quarter in 2025, achieving $628 million in revenue, a 5% sequential increase, and its best second-quarter EBITDA results in public-company history at $51 million. The company also announced a significant merger agreement with MRC Global, valued at approximately $1.5 billion, aiming to create a premier energy industrial solutions provider.

• Revenue for the second quarter of 2025 reached $628 million, marking a 5% sequential increase and hitting the top end of the company's guided range.
• Net income attributable to DNOW Inc. was $25 million, with diluted earnings per share at $0.23, while non-GAAP net income was $29 million, or $0.27 per diluted share.

Brookdale Senior Living Inc. reported a strong second quarter in 2025, with consolidated weighted average occupancy increasing by 200 basis points year-over-year to 80.1%. The company saw significant improvements in net cash provided by operating activities and Adjusted Free Cash Flow, leading to an upward revision of its annual RevPAR and Adjusted EBITDA guidance.

• Second quarter consolidated weighted average occupancy increased by 200 basis points year-over-year, reaching 80.1%.
• Net cash provided by operating activities improved by $27.9 million to $83.6 million compared to the prior year period.

ACM Research delivered steady growth in Q2 2025, with higher revenue and net income driven by strength in single wafer cleaning and plating tools, while maintaining healthy gross margins.

• Repeat orders for upgraded Ultra C wb Wet Bench tool confirmed
• Revenue grew to $215.4M with strong demand across product lines

Topgolf Callaway Brands reported better-than-expected second-quarter 2025 results, with consolidated net revenue of $1,110.5 million and Adjusted EBITDA of $195.8 million both surpassing expectations. The company's golf equipment business showed continued consumer strength, and Topgolf's value initiatives significantly improved traffic and sales trends. The sale of Jack Wolfskin further strengthened available liquidity to over $1.1 billion, and the company raised its full-year 2025 financial outlook for its continuing businesses.

• Consolidated Net Revenue for Q2 2025 was $1,110.5 million, exceeding expectations despite a 4.1% year-over-year decrease primarily due to the sale of Jack Wolfskin.
• Adjusted EBITDA for Q2 2025 was $195.8 million, also surpassing expectations, though it decreased by 4.8% year-over-year.

Amplitude reported a strong second quarter in 2025, with revenue reaching $83.3 million, a 14% year-over-year increase. The company achieved its highest net-new ARR in nearly three years, reaching $335 million, and saw record multi-product adoption. Free Cash Flow significantly increased to $18.2 million.

• Revenue for Q2 2025 was $83.3 million, marking a 14% year-over-year increase.
• Annual Recurring Revenue (ARR) grew to $335 million, up 16% year-over-year.

Schrödinger delivered strong second-quarter results, with total revenue reaching $54.8 million, a 16% increase from the prior year. Software revenue grew by 15% to $40.5 million, and drug discovery revenue increased by 19% to $14.2 million. Despite a net loss of $43.2 million, the company's operating expenses decreased, and it reaffirmed its full-year revenue guidance while lowering operating expense projections. Key clinical milestones were also achieved, with encouraging initial data for SGR-1505 and expected data for SGR-3515 and SGR-2921 in Q4 2025.

• Total revenue for Q2 2025 increased by 16% year-over-year to $54.8 million.
• Software revenue grew by 15% to $40.5 million, and drug discovery revenue increased by 19% to $14.2 million.

BrightView delivered a strong third quarter in fiscal year 2025, achieving record net income and Adjusted EBITDA, despite a slight decrease in total revenue. The company's strategic cost management initiatives significantly improved profitability margins across both Maintenance Services and Development Services segments, reflecting meaningful progress in its transformation strategy.

• Net service revenues decreased by 4.1% year-over-year to $708.3 million, primarily due to timing delays in development projects and a decline in commercial landscaping services.
• Net income increased by 37.4% year-over-year to $32.3 million, with a net income margin expansion of 140 basis points.

UMH Properties, Inc. delivered a strong second quarter in 2025, with total income rising to $66.6 million, a 10% increase year-over-year. Net income attributable to common shareholders significantly improved to $2.5 million, or $0.03 per diluted share, compared to $0.5 million, or $0.01 per diluted share, in the prior year. Normalized FFO also saw a substantial increase to $19.5 million, although normalized FFO per diluted share remained flat at $0.23.

• Total Income increased by 10% to $66.6 million in Q2 2025 compared to Q2 2024.
• Net Income Attributable to Common Shareholders rose significantly to $2.5 million in Q2 2025 from $0.5 million in Q2 2024.

Wolverine Worldwide delivered a strong second quarter in 2025, surpassing expectations with robust revenue growth and achieving a record gross margin. This performance significantly boosted earnings per share, which more than doubled compared to the previous year. The company highlighted successful execution of its brand-building model, improved profitability, and a strengthened balance sheet.

• Second quarter revenue reached $474.2 million, an 11.5% increase year-over-year, exceeding expectations.
• Gross margin hit a record 47.2%, a 410 basis point improvement from the prior year, driven by a healthier sales mix and lower promotional activity.

Tennant Company delivered solid second-quarter results, with net sales of $318.6 million and adjusted EBITDA of $51.0 million, despite a 3.7% decrease in net sales year-over-year due to volume declines across all geographies. The company saw robust underlying business fundamentals with a 4.0% increase in order rates and reaffirmed its full-year 2025 guidance.

• Net sales for Q2 2025 were $318.6 million, a 3.7% decrease from Q2 2024, primarily due to volume declines across all geographies, especially North America.
• Adjusted EBITDA was $51.0 million, with an adjusted EBITDA margin of 16.0%, a decrease of 170 basis points compared to the prior year, mainly due to volume declines.

Tandem Diabetes Care achieved record second quarter sales of $240.7 million, demonstrating year-over-year and sequential gross margin improvement. The company reported a GAAP net loss of $52.4 million and a non-GAAP net loss of $32.4 million, while increasing U.S. pump shipments and advancing key product and commercial initiatives.

• Achieved record second quarter sales of $240.7 million, with strong performance both in the United States and internationally.
• Demonstrated significant year-over-year and sequential gross margin improvement, reaching 52% GAAP gross margin.

Ziff Davis delivered a robust performance in the second quarter of 2025, with total revenues increasing by 9.8% year-over-year to $352.2 million, marking its strongest quarterly revenue growth since 2021. Income from operations rose by 17.2% to $33.5 million, and Adjusted EBITDA increased by 11.8% to $107.7 million. The company's new segment reporting highlighted breakthrough results in its Connectivity and Health & Wellness businesses, contributing significantly to the overall positive outcome.

• Total revenues for Q2 2025 increased by 9.8% to $352.2 million compared to Q2 2024, marking the strongest quarterly revenue growth since 2021.
• Income from operations grew by 17.2% to $33.5 million, demonstrating improved operational efficiency.

Turning Point Brands delivered a strong second quarter in 2025, with total consolidated net sales increasing by 25.1% year-over-year to $116.6 million. This growth was largely fueled by an exceptional 651% increase in Modern Oral net sales, which reached $30.1 million. The company also saw a substantial rise in gross profit and adjusted EBITDA, leading to improved diluted EPS and adjusted diluted EPS.

• Total consolidated Net Sales increased 25.1% year-over-year to $116.6 million.
• Modern Oral Net Sales surged by 651% to $30.1 million, now representing 26% of total Net Sales.

MasterBrand delivered a strong second quarter with an 8% year-over-year increase in net sales, reaching $730.9 million, primarily driven by the Supreme acquisition and share gains in new construction. However, net income decreased by 18% to $37.3 million, and adjusted EBITDA remained flat at $105.4 million, with both margins declining. The company also announced a transformative merger agreement with American Woodmark.

• Net sales increased by 8% year-over-year to $730.9 million, largely due to the Supreme acquisition and growth in new construction.
• Net income decreased by 18% year-over-year to $37.3 million, resulting in a net income margin of 5.1%, down 160 basis points.

DXP Enterprises, Inc. delivered a robust second quarter in 2025, achieving $498.7 million in sales, an 11.9% year-over-year increase, and a 4.6% sequential increase. Net income surged by 41.3% to $23.6 million, and diluted EPS reached $1.43. The company also reported strong Adjusted EBITDA of $57.3 million and positive free cash flow of $8.3 million, reflecting effective execution of its growth strategy and operational resilience.

• Sales increased by 11.9% year-over-year to $498.7 million, demonstrating strong top-line growth.
• Net income rose significantly by 41.3% to $23.6 million, indicating improved profitability.

Redwire’s second quarter 2025 results showed a decline in revenue, a significant net loss, and negative adjusted EBITDA, while book-to-bill remained solid and liquidity strengthened.

• Revenues fell to 61800000 compared to the prior year quarter.
• Net loss widened to 97000000, impacted by non-cash and transaction-related expenses.

Digi International delivered a solid third fiscal quarter, achieving a 2% increase in revenue to $108 million and a 6% rise in net income to $10 million. The company demonstrated strong profitability improvements with a gross profit margin of 63.5% and an 11% increase in Adjusted EBITDA to $28 million. Annualized Recurring Revenue (ARR) grew by 12% to $126 million, highlighting the success of its recurring revenue strategies. The company also significantly reduced its debt by $30 million, ending the quarter with $20.1 million in cash and cash equivalents.

• Revenue increased by 2% to $108 million compared to the third fiscal quarter of 2024.
• Net income rose by 6% to $10 million, and diluted EPS increased by 4% to $0.27.

Sonos delivered a solid performance in Q3 Fiscal 2025, with revenue of $344.8 million surpassing the high end of their guidance and Adjusted EBITDA reaching $36 million, at the high end of the range. The company achieved its fourth consecutive quarter of meeting top and bottom-line guidance despite a challenging macroeconomic environment and tariffs, driven by effective cost management and a focus on operational excellence.

• Revenue for Q3 Fiscal 2025 was $344.8 million, exceeding the company's guidance range.
• Adjusted EBITDA reached $36 million, aligning with the high end of the guidance range, primarily due to substantial year-over-year expense reductions.

Veeco reported a decline in revenue and net income for the second quarter of 2025 compared to the same period last year. Despite the overall decrease, the company emphasized strong performance driven by High-Performance Computing and AI technologies, specifically mentioning shipments of wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks.

• Revenue for Q2 2025 was $166.1 million, a decrease from $175.9 million in Q2 2024.
• GAAP net income for Q2 2025 was $11.7 million, or $0.20 per diluted share, down from $14.9 million, or $0.25 per diluted share in Q2 2024.

Astronics Corporation delivered a solid second quarter in 2025, with total sales increasing by 3.3% to $204.7 million, primarily driven by a record 9.4% growth in the Aerospace segment. Net income was $1.3 million, or $0.04 per diluted share, while adjusted EBITDA reached $25.4 million, representing 12.4% of sales. The Test Systems segment faced profitability challenges due to estimated cost to complete adjustments, masking restructuring savings. The company also raised the lower end of its 2025 revenue guidance.

• Second quarter sales increased 3.3% to $204.7 million, with Aerospace segment sales reaching a record $193.6 million, up 9.4%.
• Net income for the quarter was $1.3 million ($0.04 per diluted share), while adjusted EBITDA was $25.4 million, or 12.4% of sales.

Capital Southwest delivered a strong first fiscal quarter, with total investment income rising to $55.9 million and pre-tax net investment income reaching $32.7 million. The company's balance sheet strengthened, marked by a healthy cash position and a notable increase in net assets from operations. Strategic capital raising and a new SBIC license further bolstered its financial position.

• Total investment income increased to $55.9 million, up from $52.4 million in the prior quarter, driven by higher cash interest income.
• Pre-tax net investment income rose to $32.7 million, or $0.61 per share, reflecting improved operational efficiency.

Sprout Social delivered strong results in the second quarter of 2025, achieving 12% revenue growth and solid profitability. The company reported total revenue of $111.8 million, a GAAP operating loss of ($12.3) million, and a GAAP net loss of ($12.0) million. Non-GAAP operating income was $10.3 million and non-GAAP net income was $10.7 million. The company also saw growth in its customer base, particularly those contributing over $50,000 in ARR.

• Total revenue reached $111.8 million, marking a 12% increase compared to the second quarter of 2024.
• Non-GAAP operating income significantly improved to $10.3 million, up from $5.3 million in the prior year's quarter.

MannKind Corporation delivered a strong second quarter in 2025, with total revenues increasing by 6% year-over-year to $76.5 million. The company achieved net income of $0.7 million, a significant improvement from a net loss in the prior year, and reported non-GAAP net income of $13.9 million. Key drivers included higher royalties from Tyvaso DPI and increased Afrezza sales due to higher demand and price. The company also made significant progress in its pipeline, submitting an sBLA for Afrezza in pediatric patients and advancing its MNKD-101 and MNKD-201 programs.

• Total revenues for Q2 2025 reached $76.5 million, marking a 6% increase compared to Q2 2024.
• The company reported a net income of $0.7 million for Q2 2025, a positive shift from a net loss of $2.0 million in Q2 2024.

MRC Global delivered a strong second quarter in 2025, with sales reaching $798 million, a 12% increase from the first quarter, exceeding guidance. Net income from continuing operations was $13 million, and Adjusted EBITDA stood at $54 million. All sectors contributed to the sequential revenue growth, particularly PTI and Gas Utilities, reflecting robust project activity and increased construction. The company also returned $15 million to shareholders through share repurchases.

• Sales for Q2 2025 were $798 million, marking a 12% sequential increase and aligning with the top end of previous guidance.
• Adjusted EBITDA surged by 50% sequentially to $54 million, with margins expanding by 170 basis points, indicating strong operating leverage.

BBSI delivered a strong second quarter, with revenues increasing 10% to $307.7 million and gross billings up 10% to $2.23 billion. Net income rose to $18.5 million, or $0.70 per diluted share, driven by net new client growth and strong client retention, despite modest existing-customer hiring.

• Revenues increased 10% to $307.7 million in Q2 2025 compared to $279.7 million in Q2 2024.
• Gross billings grew 10% to $2.23 billion in Q2 2025, up from $2.03 billion in Q2 2024.

XPEL delivered a strong second quarter 2025 with record revenue up 13.5% year-over-year, solid profitability, and healthy cash flows, driven by growth across product and service offerings and broad regional strength.:contentReference[oaicite:0]{index=0}

• Revenue grew 13.5% to 124713000 compared to prior year.:contentReference[oaicite:1]{index=1}
• Gross margin was 42.9% of revenue.:contentReference[oaicite:2]{index=2}

Fastly delivered a strong second quarter in 2025, achieving record revenue of $148.7 million, surpassing its own guidance. The company also reported positive free cash flow of $10.9 million, a significant improvement from the previous year, and raised its financial guidance for the full year 2025.

• Record revenue of $148.7 million, exceeding the high end of guidance, representing 12% year-over-year growth.
• Achieved positive free cash flow of $10.9 million in Q2 2025, a substantial improvement from negative free cash flow in Q2 2024.

The Pennant Group demonstrated robust performance in the second quarter of 2025, with total revenue increasing by 30.1% to $219.5 million and net income rising by 24.5% to $7.1 million. Both home health and hospice services and senior living segments contributed meaningfully to this growth, driven by increased admissions and improved revenue per occupied unit.

• Total revenue for Q2 2025 reached $219.5 million, marking a 30.1% increase over the prior year quarter.
• Net income for the second quarter was $7.1 million, up 24.5% from the previous year, with adjusted diluted EPS at $0.27.

Sinclair experienced a challenging second quarter in 2025, with total revenues decreasing by 5% year-over-year to $784 million and a net loss of $64 million, compared to a net income in the prior year. Despite the overall decline, core advertising revenues saw a 4% increase, and Adjusted EBITDA came in above the midpoint of guidance.

• Total revenues decreased 5% to $784 million compared to $829 million in the prior year period.
• The company reported a net loss attributable to Sinclair of $64 million, a significant decline from a net income of $17 million in the prior year period.

Trinity Capital Inc. delivered a strong second quarter in 2025, with total investment income increasing by 27.3% year-over-year to $69.5 million. Net investment income grew by 30.3% to $34.8 million, or $0.53 per basic share. The company's Net Asset Value reached a new high of $923.6 million, reflecting disciplined execution and sustained demand in its credit strategies.

• Total investment income increased by 27.3% year-over-year to $69.5 million.
• Net investment income rose by 30.3% year-over-year to $34.8 million, or $0.53 per basic share.

Astec Industries delivered a strong second quarter in 2025, with significant improvements in net income, EBITDA, and EPS compared to the prior year. The company's operational efforts and manufacturing efficiencies contributed to these gains, despite a slight decrease in overall net sales. The recent acquisition of TerraSource is expected to further boost future performance.

• Net sales for the second quarter of 2025 were $330.3 million.
• Diluted EPS increased to $0.72, with adjusted EPS reaching $0.88.

Bloomin' Brands generated $1073683000 in total revenue in Q2 2025, declining year-over-year, with net income of $23326000 as U.S. comparable sales and traffic remained negative across most brands.

• Total revenues declined year-over-year to $1073683000.
• Net income attributable to Bloomin’ Brands was $23326000.

Vital Energy reported a significant net loss of $582.6 million in Q2 2025, primarily due to a non-cash impairment loss on oil and gas properties and a valuation allowance against deferred tax assets. Despite the net loss, the company achieved an Adjusted Net Income of $76.1 million and generated $252.3 million in cash flow from operating activities. Production volumes were within guidance, and the company successfully reduced lease operating and general and administrative expenses below guidance.

• Reported a net loss of $582.6 million, primarily due to a $427.0 million non-cash pre-tax impairment loss on oil and gas properties and a $237.9 million valuation allowance against federal net deferred tax assets.
• Achieved Adjusted Net Income of $76.1 million and generated $252.3 million in cash flow from operating activities.

Plymouth Industrial REIT experienced a net loss of $6.2 million, or ($0.14) per share, in Q2 2025, primarily due to the deconsolidation of the Chicago Portfolio and increased non-controlling interest. Despite this, the company demonstrated strong operational performance with Core FFO of $0.46 per share and AFFO of $0.44 per share. Key drivers of growth included a 6.7% increase in GAAP same-store NOI and a 10.0% increase in cash rental rates on commenced leases, alongside strategic acquisitions totaling over 2 million square feet.

• Plymouth Industrial REIT reported a net loss attributable to common stockholders of $6.2 million, or ($0.14) per share, for Q2 2025, compared to a net income of $1.2 million, or $0.03 per share, in Q2 2024.
• Core FFO was $0.46 per weighted average common share and units, and AFFO was $0.44 per weighted average common share and units for the second quarter.

Montrose Environmental Group achieved record second quarter 2025 results, with revenue increasing by 35.3% to $234.5 million and net income improving significantly to $18.4 million. The company also saw substantial growth in Adjusted Net Income and Consolidated Adjusted EBITDA, demonstrating strong operational performance and margin expansion. This robust performance led to an increase in full-year 2025 guidance for both revenue and Adjusted EBITDA.

• Revenue grew by 35.3% to $234.5 million in Q2 2025, a $61.2 million increase year-over-year, driven by environmental emergency responses, strong organic growth, and acquisitions.
• Net income improved to $18.4 million ($0.42 EPS) in Q2 2025, a significant turnaround from a net loss of $10.2 million ($0.39 LPS) in Q2 2024.

Alpha and Omega Semiconductor (AOS) delivered strong fiscal Q4 2025 results, with revenue reaching $176.5 million, an increase of 9.4% year-over-year, driven by record AI and graphics revenue in Computing, PC-related pull-ins, and continued momentum in wearables. Despite a GAAP net loss of $77.1 million, the company achieved non-GAAP net income of $0.7 million.

• Revenue for Q4 2025 was $176.5 million, marking a 9.4% increase compared to the same quarter last year and a 7.2% increase quarter-over-quarter.
• GAAP gross margin for the quarter was 23.4%, while non-GAAP gross margin stood at 24.4%.

Hippo Holdings delivered a strong second quarter in 2025, marked by a 31% year-over-year revenue increase to $117 million and a substantial improvement in its consolidated net loss ratio to 47%. The company achieved positive net income of $1 million, a significant turnaround from a net loss of $40 million in the prior year, driven by underwriting actions, better claims operations, and operational efficiencies.

• Revenue increased by 31% year-over-year to $117 million, driven by higher gross earned premium and increased premium retention.
• Consolidated Net Loss Ratio improved significantly by 46 percentage points year-over-year to 47%, attributed to underwriting and rate actions, improved claims operations, and favorable reserve releases.

Carriage Services reported a strong second quarter in 2025, with significant GAAP net income and diluted EPS growth compared to the prior year. Despite the impact of first-quarter divestitures, total revenue remained flat due to organic growth strategies. The company is re-entering its acquisition strategy with new businesses under contract, leading to an updated and raised full-year guidance.

• GAAP net income increased by $5.5 million, or 85.7%, over the prior year quarter.
• GAAP diluted EPS grew by 85.0% to $0.74, and adjusted diluted EPS increased by 17.5% to $0.74.

Gladstone Commercial Corporation reported a solid second quarter with total operating revenue reaching $39.533 million, a 5.4% increase from the previous quarter. Core FFO also saw a healthy rise to $16.114 million, or $0.35 per share, driven by recent acquisitions. However, net income decreased by 9.8% to $4.634 million, primarily due to higher interest expenses and general and administrative costs.

• Total operating revenue increased by 5.4% to $39.533 million in Q2 2025.
• Core FFO available to common stockholders and Non-controlling OP Unitholders rose by 5.4% to $16.114 million, or $0.35 per share.

Energy Recovery delivered a solid second quarter in 2025, with revenue reaching $28.1 million, a 3% increase year-over-year. The company achieved a net income of $2.1 million, a significant improvement from a net loss in the prior year, and reported strong adjusted EBITDA of $4.4 million. These results were primarily driven by higher revenue from contracted projects and effective management of operating expenses.

• Revenue for Q2 2025 increased by $0.9 million to $28.1 million compared to Q2 2024, primarily due to the timing of revenue from contracted projects.
• Gross margin was 64.0%, a slight decrease of 60 basis points from Q2 2024, attributed to product mix and tariffs.

Riley Permian demonstrated solid overall performance in Q2 2025 despite a challenging oil market and regional operating environment, generating significant free cash flow for the first half of the year. The company adjusted its development activity and capital budget in response to lower oil prices and closed the Silverback acquisition in July, significantly increasing its regional footprint.

• Total equivalent production averaged 24.4 MBoe/d, with oil production at 15.2 MBbls/d.
• Generated $34 million in operating cash flow and $18 million in Total Free Cash Flow.

MediaAlpha delivered record second quarter results, with revenue increasing by 41% year-over-year to $251.6 million and total transaction value growing by 49% to $480.8 million. This growth was primarily driven by a 71% increase in transaction value within the Property & Casualty insurance vertical. However, the company reported a net loss of $(22.5) million, largely due to an additional $33.0 million reserve related to an FTC settlement.

• Revenue for Q2 2025 increased by 41% year-over-year to $251.6 million.
• Total Transaction Value grew by 49% year-over-year to $480.8 million, with Property & Casualty insurance transaction value surging by 71% to $435 million.

Orion S.A. experienced a challenging second quarter in 2025, with net sales, net income, and diluted EPS all decreasing year-over-year. Despite persistent demand headwinds, particularly from elevated tire imports, the company's results were in line with expectations, supported by improved sequential plant performance. The company is focused on improving cash flow and reaffirmed its free cash flow expectations for 2025.

• Net sales for Q2 2025 were $466.4 million, a decrease of $10.6 million year over year.
• Net income for Q2 2025 was $9.0 million, down $11.5 million from the previous year.

Genco Shipping & Trading reported second quarter 2025 results with a net loss driven by challenging drybulk market conditions, though revenue remained solid and adjusted EBITDA positive. The company declared its 24th consecutive quarterly dividend and strengthened its liquidity through an expanded credit facility while positioning for improved freight rates. :contentReference[oaicite:0]{index=0}

• Net loss of $6,800,000 and basic diluted EPS loss of -0.16 for Q2 2025. :contentReference[oaicite:1]{index=1}
• Voyage revenues of $80,900,000 and net revenue of $46,900,000. :contentReference[oaicite:2]{index=2}

Clearfield delivered a strong fiscal third quarter of 2025, with net sales increasing by 2% year-over-year to $49.9 million, primarily driven by robust demand in the Large Regional Service Provider and MSO end markets within its Clearfield segment. The company achieved substantial improvements in profitability, with gross profit surging by 42% and net income by 459%, reflecting better overhead absorption and inventory recoveries. Diluted EPS was $0.11, exceeding guidance. Clearfield also increased its full-year fiscal 2025 revenue guidance.

• Net sales for Q3 2025 increased by 2% to $49.9 million compared to $48.8 million in Q3 2024.
• Gross profit for Q3 2025 significantly increased by 42% to $15.2 million, with gross margin improving to 30.5% from 21.9% in the prior year.

Arvinas posted a net loss of $35.1 million for Q3 2025, reflecting decreased collaboration revenue and reduced operating expenses as the company transitions development responsibilities to partners.

• Q3 2025 revenue was $41.9 million, primarily from the Pfizer collaboration.
• GAAP R&D expenses dropped to $64.7 million, down from $86.9 million in Q3 2024.

Bumble Inc. experienced an 8% decrease in total revenue to $248 million in Q2 2025, with Bumble App revenue also declining by 8%. Despite the revenue decline, the company exceeded its Adjusted EBITDA guidance due to significant cost structure reductions and a realigned marketing strategy. The company also announced a new CFO appointment.

• Total revenue for Q2 2025 decreased by 8% to $248.2 million compared to the same period last year.
• Bumble App revenue decreased by 8% to $201 million, while Badoo App and Other revenue was not explicitly stated but can be inferred.

The Honest Company delivered a strong second quarter in 2025, achieving positive net income for the second consecutive quarter and expanding its gross margin. Revenue saw a slight increase, primarily from retail, while adjusted EBITDA remained stable. The company reaffirmed its full-year 2025 financial outlook.

• Revenue increased by 0.4% to $93.5 million, primarily due to growth in retail revenue.
• Net income reached $4 million, marking the second consecutive quarter of positive net income and an increase of approximately $8 million year-over-year.

MaxCyte's total revenue for Q2 2025 decreased by 18% year-over-year to $8.5 million, primarily due to a significant drop in SPL Program-related revenue. However, core business revenue saw an 8% increase to $8.2 million. The company reported a net loss of $12.4 million and updated its full-year 2025 guidance, lowering revenue expectations due to evolving operating environments.

• Total revenue for Q2 2025 was $8.5 million, an 18% decrease compared to Q2 2024.
• Core business revenue increased by 8% to $8.2 million in Q2 2025.

ARKO Corp. delivered solid second-quarter results, with net income increasing to $20.1 million and merchandise margin expanding to 33.6%. The company navigated macroeconomic challenges by focusing on higher-margin categories and advancing its transformation plan, including converting retail stores to dealer sites and piloting new format stores.

• Net income for Q2 2025 increased to $20.1 million, up from $14.1 million in the prior-year quarter.
• Merchandise margin improved to 33.6% in Q2 2025, compared to 32.8% in Q2 2024.

The ODP Corporation reported a challenging second quarter in 2025 with consolidated revenue down 8% year-over-year to $1.6 billion, primarily due to lower sales in both its Office Depot and ODP Business Solutions divisions. Despite the revenue decline, the company achieved break-even GAAP net income and diluted EPS, a significant improvement from a net loss in the prior year period. Adjusted EPS was $0.51. The company highlighted improved performance trends in its B2B Distribution and Consumer Divisions and strong adjusted free cash flow generation, which more than doubled from the prior year.

• Total reported sales for Q2 2025 were $1.6 billion, an 8% decrease compared to the prior year, mainly due to fewer retail locations and reduced traffic in the Office Depot Division, and macroeconomic headwinds in ODP Business Solutions.
• GAAP operating income improved significantly to $9 million in Q2 2025, up from $0.4 million in Q2 2024, while net income and diluted EPS from continuing operations were break-even, compared to a loss in the prior year.

Intrepid Potash delivered strong financial results in the second quarter of 2025, exceeding expectations with total sales of $71.5 million, net income of $3.3 million, and adjusted EBITDA of $16.4 million. The company benefited from supportive potash market fundamentals, steady demand for its products, and higher gross margins across segments.

• Total sales increased to $71.5 million, up from $62.1 million in the prior year's second quarter.
• Net income reached $3.3 million, or $0.25 per diluted share, a significant improvement from a net loss in Q2 2024.

Delcath Systems delivered a strong second quarter in 2025, with total revenue more than tripling year-over-year, driven primarily by robust HEPZATO KIT sales. The company achieved net income and positive adjusted EBITDA, a significant turnaround from losses in the prior year, and reported a healthy cash position.

• Total revenue surged to $24.2 million, a substantial increase from $7.8 million in Q2 2024, primarily due to strong HEPZATO KIT sales.
• The company reported a net income of $2.7 million, a significant improvement from a net loss of $13.7 million in the same period last year.

Fortrea delivered a solid second quarter performance, with revenue increasing to $710.3 million. Despite a significant GAAP net loss primarily due to a non-cash goodwill impairment charge, the company achieved positive adjusted net income and diluted EPS. The company also raised its full-year 2025 revenue guidance, reflecting confidence in its operational fundamentals.

• Revenue for the second quarter of 2025 increased to $710.3 million, up from $662.4 million in the same period last year.
• The company reported a GAAP net loss of $(374.9) million, largely impacted by a non-cash goodwill impairment charge of $309.1 million.

Enhabit, Inc. delivered a strong second quarter in 2025, with total net service revenue reaching $266.1 million, a 2.1% increase year-over-year. The company reported a net income of $5.2 million and an Adjusted EBITDA of $26.9 million, reflecting robust operational execution and strategic initiatives. Both home health and hospice segments contributed to this growth, with hospice showing particularly strong performance with a 19.4% increase in net service revenue and a 53.8% increase in Adjusted EBITDA.

• Net service revenue increased to $266.1 million, up 2.1% year-over-year, demonstrating consistent growth.
• Adjusted EBITDA grew 6.7% year-over-year to $26.9 million, indicating improved profitability.

Bowman Consulting Group Ltd. achieved record second quarter 2025 results, with significant increases in gross contract revenue, net service billing, and Adjusted EBITDA. The company's net income turned positive compared to a loss in the prior year, reflecting strong execution and demand across its core verticals, particularly in transportation, renewables, and energy transmission.

• Gross contract revenue increased by 17% to $122.1 million, up from $104.5 million in Q2 2024.
• Net income reached $6.0 million, a substantial improvement from a net loss of $2.1 million in the same period last year.

Magnera delivered a strong third quarter, with significant growth in net sales and Adjusted EBITDA, largely driven by the Glatfelter merger. Despite challenging market conditions and organic volume declines in certain regions, the company confirmed its original free cash flow guidance and adjusted EBITDA range, demonstrating resilience and strategic execution.

• Net sales increased by 51% to $839 million, primarily due to the Glatfelter merger, which contributed $320 million in revenue.
• Operating income for the quarter was $13 million, a decrease from $17 million in the prior year.

Bioventus delivered a strong second quarter, with reported revenue of $147.7 million, a 2.4% decline year-over-year due to a prior-year divestiture. However, organic revenue grew by 6.2%, driven by double-digit organic growth in Surgical Solutions and Restorative Therapies. The company significantly improved its net income to $7.5 million from a loss of $25.7 million in the prior year, and non-GAAP EPS increased by 31% to $0.21. Cash from operations also saw a substantial increase of 71% to $25.9 million.

• Reported revenue for Q2 2025 was $147.7 million, a 2.4% decrease year-over-year, primarily due to the divestiture of the Advanced Rehabilitation Business.
• Organic revenue grew by 6.2%, with strong performance in Surgical Solutions and Restorative Therapies.

Conduent reported a revenue of $754 million for Q2 2025, with a GAAP net loss of $40 million and a diluted EPS of $(0.26). Despite a GAAP loss, the company exceeded expectations for Adjusted EBITDA at $37 million and Adjusted EBITDA margin at 4.9%, showing sequential improvement in revenue and year-over-year improvement in new business signings.

• Revenue for Q2 2025 was $754 million, aligning with guidance and showing a slight sequential increase.
• Adjusted EBITDA reached $37 million with an Adjusted EBITDA Margin of 4.9%, both exceeding expectations and increasing year-over-year.

SkyWater Technology announced second-quarter 2025 financial results, with total revenue of $59.1 million. The company reported a GAAP net loss of $10.0 million and a non-GAAP net loss of $5.5 million. A significant highlight was the completion of the Fab 25 acquisition, expected to substantially increase future revenue and adjusted EBITDA.

• Total revenue for Q2 2025 was $59.1 million, a 37% decrease compared to Q2 2024.
• GAAP net loss to shareholders was $10.0 million, or $(0.21) per diluted share.

Dine Brands Global, Inc. reported mixed results for the second quarter of 2025. Total revenues increased to $230.8 million, driven by company restaurant sales from recent acquisitions. However, GAAP net income and adjusted net income decreased compared to the prior year, primarily due to lower segment profit and higher general and administrative expenses. Applebee's saw positive comparable same-restaurant sales growth, while IHOP experienced a decline.

• Total revenues for Q2 2025 increased to $230.8 million, up from $206.3 million in Q2 2024, mainly due to an increase in company restaurant sales from acquisitions.
• GAAP net income available to common stockholders decreased to $13.2 million ($0.89 per diluted share) in Q2 2025, down from $22.5 million ($1.50 per diluted share) in Q2 2024.

For Q2 2025, Investors Title generated revenue of 70054000 and net income of 10488000, with diluted EPS of 5.53, reflecting year-over-year growth driven by higher net premiums written and improved non-title services revenue.

• Net income increased to 10488000 from 7838000 in Q2 2024.
• Total revenues rose to 70054000 compared to 65378000 in the prior year quarter.

Cytek Biosciences experienced a slight revenue decrease of 2% in Q2 2025 compared to the previous year, reaching $45.6 million. Despite a challenging macro environment, the company saw steady growth in FSP unit placements and recurring revenue, which grew by 16%. Net loss improved significantly, from $10.4 million in Q2 2024 to $5.6 million in Q2 2025.

• Total revenue for Q2 2025 was $45.6 million, a 2% decrease year-over-year.
• The total installed base of Cytek instruments expanded to 3,295, with 146 units added in Q2 2025.

Xperi Inc. reported a revenue of $105.9 million for Q2 2025, a decrease from $119.6 million in Q2 2024. The company's GAAP net loss improved to $14.8 million from $30.3 million in the prior year. Non-GAAP earnings per share were $0.11. Key operational achievements included reaching 3.7 million TiVo One Monthly Active Users and expanding the AutoStage footprint to over 12 million vehicles.

• Revenue for Q2 2025 was $105.9 million, a decrease from $119.6 million in Q2 2024.
• GAAP net loss improved to $14.8 million in Q2 2025, compared to a net loss of $30.3 million in Q2 2024.

Mativ delivered solid second-quarter results with a slight increase in sales and a 1% rise in Adjusted EBITDA year-over-year. The company achieved its second-highest cash flow quarter since the merger, driven by organic volume growth in the SAS segment and disciplined cost control. Despite some unfavorable pricing and higher manufacturing costs, the company's focus on cash flow and working capital optimization yielded strong results.

• Sales increased by 0.3% year-over-year to $525.4 million, with organic growth of 2.6%.
• Adjusted EBITDA grew by 1% to $67.2 million, primarily due to lower SG&A expenses and favorable cost mix.

Potbelly Corporation delivered a strong second quarter performance with continued top-line momentum, including positive traffic and new unit growth ahead of expectations. The company saw a 3.4% increase in total revenues to $123.7 million and a 13.0% increase in Adjusted EBITDA to $9.6 million. Adjusted diluted EPS rose to $0.09, reflecting the growth engine built over the past five years.

• Total revenues increased by 3.4% to $123.7 million compared to $119.7 million in the prior year.
• Adjusted EBITDA increased 13.0% to $9.6 million, up from $8.5 million in the same quarter last year.

Chatham Lodging Trust experienced a slight decline in RevPAR for the second quarter of 2025, falling less than 1 percent to $155, but managed to hold ADR steady and maintain strong occupancy. Net income and adjusted EBITDA saw decreases, primarily due to the impact of hotel sales. The company completed the sale of five low RevPAR hotels, de-leveraged its balance sheet, and commenced a share repurchase plan, positioning itself for future growth through acquisitions and share repurchases.

• RevPAR for the 34 comparable hotels declined less than 1 percent to $155, with ADR holding at $191 and occupancy at 82 percent.
• Net income applicable to common shareholders decreased to $3.4 million from $4.9 million in Q2 2024, with diluted EPS at $0.07.

Outset Medical delivered a strong second quarter, with net revenue increasing by 15% year-over-year to $31.4 million, driven by a significant 25% increase in Tablo console revenue. The company also improved its gross margin, reduced operating expenses by nearly 30%, and significantly decreased cash usage, demonstrating progress towards profitability.

• Net revenue increased by 15% year-over-year to $31.4 million.
• Gross margin improved to 37.8% (38.4% non-GAAP), a 110 basis-point improvement over the prior year.

Jack in the Box Inc. experienced a challenging third quarter in fiscal 2025, with total revenues decreasing by 9.8% to $333.0 million, primarily due to lower sales for both Jack in the Box and Del Taco brands, and Del Taco refranchising. The company reported diluted earnings per share of $1.15 and operating EPS of $1.02. Net earnings were $22.0 million, a significant improvement from a net loss in the prior year, largely due to lower impairment charges.

• Total revenues for the third quarter decreased by 9.8% to $333.0 million compared to the prior year.
• Diluted earnings per share was $1.15, and Operating EPS was $1.02 for the quarter.

AerSale delivered encouraging results in the second quarter of 2025, with revenue increasing by 39.3% year-over-year to $107.4 million. The company achieved GAAP net income of $8.6 million, a substantial improvement from a net loss in the prior year, primarily due to higher flight equipment sales and strong performance in its Asset Management Solutions segment. Adjusted EBITDA also saw a significant increase, reflecting broad-based growth and effective cost controls.

• Revenue increased by 39.3% to $107.4 million in Q2 2025, up from $77.1 million in Q2 2024.
• GAAP net income was $8.6 million, a significant turnaround from a GAAP net loss of $3.6 million in the prior year period.

Montauk Renewables experienced a 4.1% increase in total revenues to $45.1 million in Q2 2025 compared to the prior year, primarily due to the timing of revenue recognition from a short-term fixed-priced contract. However, the company reported a net loss of $5.5 million and a 27.7% decrease in Non-GAAP Adjusted EBITDA to $5.0 million, largely impacted by a significant decrease in average realized RIN prices and increased operating and maintenance expenses.

• Total revenues increased by 4.1% to $45.1 million in Q2 2025, up from $43.3 million in Q2 2024.
• The company reported a net loss of $5.5 million in Q2 2025, a significant increase from a $0.7 million loss in Q2 2024.

TriplePoint Venture Growth BDC Corp. reported a strong second quarter in 2025, with significant increases in new debt commitments and fundings, leading to portfolio growth. Despite a decrease in total investment income compared to the prior year, the company achieved a net increase in net assets and maintained a healthy net asset value per share. The company also declared a third-quarter distribution and announced a share purchase program by its sponsor, reinforcing shareholder alignment.

• Closed $160.1 million of new debt commitments, a 109% increase from the prior quarter and the highest in three years.
• Funded $78.5 million in debt investments, a 188% increase from the prior quarter and the highest in 10 quarters, with a 12.3% weighted average annualized yield at origination.

Beyond Meat experienced a challenging second quarter in 2025, with net revenues decreasing by 19.6% year-over-year to $75.0 million. The company reported a net loss of $29.2 million and an Adjusted EBITDA loss of $22.1 million, reflecting ongoing weak demand in the plant-based meat category, particularly in the U.S. retail channel and certain international foodservice markets. The company is implementing cost-reduction measures, including a workforce reduction, to address the difficult operating environment.

• Net revenues decreased by 19.6% year-over-year to $75.0 million, primarily due to an 18.9% decrease in volume of products sold.
• The company reported a net loss of $29.2 million, or $0.38 per common share, an improvement from a $34.5 million net loss in the prior year.

Open Lending experienced a decline in its financial performance for the second quarter of 2025, with total revenue decreasing to $25.3 million from $26.7 million in Q2 2024. Net income fell to $1.0 million from $2.9 million, and Adjusted EBITDA was $4.1 million, down from $6.8 million in the prior year. The company facilitated fewer certified loans, totaling 26,522 compared to 28,963 in Q2 2024.

• Total revenue for Q2 2025 was $25.3 million, a decrease from $26.7 million in Q2 2024.
• Net income for the quarter was $1.0 million, down from $2.9 million in the second quarter of the previous year.

Traeger experienced a challenging second quarter in fiscal year 2025, with total revenues decreasing by 13.6% to $145.5 million and a net loss of $7.4 million. The company's Adjusted EBITDA also saw a significant decline to $14.3 million. These results were primarily impacted by tariff-related dynamics. In response, Traeger initiated 'Project Gravity,' a strategic streamlining effort targeting $30 million in annualized cost savings, aiming to protect profitability and cash flow amidst an uncertain macroeconomic environment.

• Total revenues for Q2 FY25 decreased by 13.6% to $145.5 million compared to the same period last year, primarily due to tariff impacts.
• The company reported a net loss of $7.4 million and an Adjusted EBITDA of $14.3 million, both significantly lower than the previous year.

CS Disco delivered a strong second quarter in 2025, with total revenue reaching $38.1 million, a 6% increase year-over-year. The company demonstrated improved profitability, with a reduced net loss and significant improvements in non-GAAP operating margin and Adjusted EBITDA margin. Software revenue showed double-digit growth, and the company continued to expand its large matters and customer base.

• Total revenue for Q2 2025 was $38.1 million, marking a 6% increase compared to the same period last year.
• Net loss attributable to common stockholders improved to $(10.812) million in Q2 2025 from $(10.834) million in Q2 2024.

Mistras Group, Inc. delivered a strong second quarter in 2025, achieving a record Adjusted EBITDA of $24.1 million, an 8.9% increase year-over-year. Despite a slight revenue decrease of 2.3% (flat excluding voluntary Laboratory consolidations), the company significantly expanded its gross profit margin by 200 basis points to 29.1% due to an improved business mix and operating efficiencies. Net income for the quarter was $3.0 million, with non-GAAP diluted EPS of $0.19.

• Revenue for Q2 2025 was $185.4 million, a 2.3% decrease year-over-year, but flat when excluding voluntary Laboratory consolidations.
• Gross profit increased by 5.1% to $53.9 million, with the gross profit margin expanding by 200 basis points to 29.1%.

Valens Semiconductor delivered strong Q2 2025 results, with revenues of $17.1 million, surpassing guidance, driven by robust demand in the ProAV and Industrial machine vision sectors. Despite a GAAP net loss of $(7.2) million, the company's non-GAAP gross margin improved to 67.2%, and adjusted EBITDA loss was better than anticipated. However, full-year 2025 revenue guidance was lowered due to the impact of tariffs.

• Q2 2025 revenues reached $17.1 million, exceeding the company's guidance and showing growth compared to both Q1 2025 and Q2 2024.
• GAAP gross margin for Q2 2025 was 63.5%, with a non-GAAP gross margin of 67.2%, indicating healthy profitability.

Inspired Entertainment delivered a strong second quarter in 2025, with total revenue reaching $80.3 million, up 7% year-over-year. This growth was primarily fueled by record Interactive revenue, which surged by 45%. The company also achieved a 15% increase in Adjusted EBITDA to $28.4 million, reflecting strong performance across its diversified business model, particularly in Interactive and Gaming segments.

• Total revenue increased by 7% year-over-year to $80.3 million, primarily driven by Interactive segment growth.
• Interactive revenue grew by 45% year-over-year, reaching a record $13.6 million, with its Adjusted EBITDA increasing by 49%.

SmartRent experienced a challenging second quarter in 2025, with total revenue decreasing by 21% year-over-year to $38.3 million, primarily due to a strategic shift away from bulk hardware sales. Despite this, Annual Recurring Revenue (ARR) increased by 11% to $56.9 million, and SaaS revenue grew by 10% year-over-year, now representing 37% of total revenue. The company expanded its cost reduction program to $30 million in annualized savings and maintains a strong liquidity position with $105.0 million in cash and no debt.

• Total revenue for Q2 2025 was $38.3 million, a 21% decrease from the prior year, driven by lower hardware revenues.
• Net loss increased to $(10.9) million in Q2 2025, up from $(4.6) million in the prior year, primarily due to lower hardware revenue and one-time expenses.

Amplify Energy generated strong second-quarter operating and financial results despite a lower commodity price environment, driven by new wells coming online at Beta and East Texas. The company reported a net income of $6.4 million and an Adjusted EBITDA of $19.0 million, comparable to the prior quarter. Strategic initiatives are underway to simplify the portfolio, reduce debt, and lower operating costs, with a focus on oil-weighted assets.

• Amplify Energy reported a net income of $6.4 million in Q2 2025, a significant improvement from a net loss of $5.9 million in the prior quarter, primarily due to a gain on commodity derivatives.
• Adjusted EBITDA for Q2 2025 was $19.0 million, consistent with the previous quarter despite lower commodity prices, indicating stable operational performance.

RCM Technologies delivered strong Q2 2025 results with revenue up 13% year-over-year to $78.2M, supported by increases in Specialty Health Care, Engineering, and Life Sciences, Data & Solutions. Net income remained steady at $3.8M, while adjusted EBITDA grew to $8.1M. Gross profit margin stayed healthy at 28.5%.

• Revenue grew 13% YoY to $78.2M, with contributions from all segments.
• Net income was $3.8M, matching prior-year quarter performance.

Everspin Technologies, Inc. delivered a strong second quarter in 2025, with total revenue increasing to $13.2 million, up 24% year-over-year. The company significantly reduced its GAAP net loss to $(0.7) million and achieved a non-GAAP net income of $0.7 million, demonstrating improved financial performance driven by product sales and licensing revenue.

• Total revenue for Q2 2025 reached $13.2 million, a 24% increase from $10.6 million in Q2 2024.
• GAAP net loss improved significantly to $(0.7) million, or $(0.03) per diluted share, compared to $(2.5) million, or $(0.12) per diluted share, in Q2 2024.

Trinseo experienced a challenging second quarter in 2025, reporting a net loss of $106 million and adjusted EBITDA of $42 million. The decline was primarily driven by lower sales volume and pricing, particularly in the latex binders and polystyrene businesses, and reduced equity income from Americas Styrenics. Despite these headwinds, the company saw an improvement in Free Cash Flow due to cost-saving actions.

• Net loss for Q2 2025 was $106 million, an increase of $38 million compared to the prior year.
• Adjusted EBITDA for Q2 2025 was $42 million, a decrease of $25 million from the prior year, mainly due to lower volumes and reduced equity income from Americas Styrenics.

Biote's second quarter 2025 performance showed a slight year-over-year revenue decrease to $48.9 million, but a significant improvement in profitability with net income reaching $3.9 million compared to a loss in the prior year. Adjusted EBITDA increased by 19.1% to $15.2 million, with the margin expanding to 31.1%, primarily due to the shift of their annual marketing event and efficiency gains from vertical integration.

• Total revenue for Q2 2025 was $48.9 million, a slight decrease from $49.2 million in the prior year.
• Net income for the quarter was $3.9 million, a substantial improvement from a net loss of $(10.4) million in Q2 2024.

Virgin Galactic reported a revenue of $0.4 million for Q2 2025, a substantial decrease from $4.2 million in Q2 2024, primarily due to the halt in commercial spaceflights to focus on Delta Class SpaceShips production. Despite this, the company reduced its net loss to $67 million from $94 million year-over-year, driven by lower operating expenses. The company maintains a strong cash position of $508 million and expects commercial service to resume in 2026.

• Revenue for Q2 2025 was $0.4 million, a significant drop from $4.2 million in Q2 2024, attributed to the pause in commercial spaceflights.
• Net loss improved to $67 million in Q2 2025, down from $94 million in Q2 2024, primarily due to reduced operating expenses.

Seer delivered a solid second quarter in 2025, achieving $4.1 million in revenue, a 32% increase year-over-year, primarily driven by higher product sales and service revenue. The company also launched key new products, the Proteograph ONE assay and SP200 automation instrument, enhancing platform scalability. Despite macroeconomic pressures, Seer ended the quarter with strong cash reserves and reduced operating expenses.

• Revenue for Q2 2025 reached $4.1 million, marking a 32% increase compared to the same period last year.
• The company launched the new high-throughput Proteograph ONE assay and SP200 automation instrument, significantly improving platform scalability and efficiency.

Cardlytics reported a revenue of $63.2 million for Q2 2025, a 9% decrease year-over-year. The company's net loss widened to $(9.3) million, or $(0.18) per diluted share, from $(4.3) million in Q2 2024. Despite the revenue decline, Adjusted EBITDA turned positive at $2.7 million, up from $(2.3) million in the prior year.

• Revenue for Q2 2025 was $63.2 million, marking a 9% decrease year-over-year.
• Net Loss significantly increased to $(9.3) million, or $(0.18) per diluted share, compared to $(4.3) million in Q2 2024.

Leslie's experienced a challenging third quarter in fiscal 2025, with sales decreasing by 12.2% to $500.3 million and net income significantly dropping to $21.7 million from $60.7 million in the prior year. The company cited significant headwinds from weather and competitive pricing dynamics during its peak selling season.

• Sales for the third quarter of fiscal 2025 were $500.3 million, a 12.2% decrease compared to $569.6 million in the prior year period.
• Net income for the quarter was $21.7 million, a substantial decline from $60.7 million in the prior year period.

InTest Corporation reported a sequential revenue increase of 6% to $28.1 million in Q2 2025, driven by growth in semi, industrial, defense/aerospace, and safety/security markets. The company significantly narrowed its operating loss to $0.9 million and net loss to $0.5 million, while gross margin expanded to 42.6%. Orders improved by 6% year-over-year and 9.5% sequentially, reflecting strength in auto/EV and life sciences.

• Revenue increased 6% sequentially to $28.1 million, although it decreased 17.2% year-over-year.
• Gross margin expanded to 42.6%, a 110 basis point sequential improvement and 200 basis point improvement year-over-year, driven by favorable product mix and cost reductions.

In Q2 2025, Sera Prognostics generated $17K in revenue, down from $24K a year earlier. Operating expenses were $9.3M, flat year-over-year, with lower R&D costs offset by higher selling and marketing expenses. The company reported a net loss of $8.0M, or $0.16 per share. Cash, cash equivalents, and available-for-sale securities totaled $108.5M, expected to fund operations through 2028.

• Revenue declined to $17K from $24K in Q2 2024.
• R&D expenses decreased 24% year-over-year to $3.3M due to lower clinical study costs post-PRIME study completion.

Inotiv delivered a strong third quarter in fiscal 2025, with revenue increasing by 23.5% year-over-year to $130.7 million, primarily due to growth in NHP-related products and services within the RMS segment and increased toxicology and biotherapeutic services in the DSA segment. The company also significantly reduced its operating loss from $20.8 million in Q3 FY 2024 to $5.7 million in Q3 FY 2025, largely due to improved RMS operating income and the absence of a prior year charge related to a DOJ agreement.

• Third quarter fiscal 2025 revenue increased by 23.5% to $130.7 million compared to $105.8 million in the prior year.
• Operating loss significantly decreased to $5.7 million in Q3 FY 2025 from $20.8 million in Q3 FY 2024, primarily due to a turnaround in RMS operating income.

Seres Therapeutics reported a net loss from continuing operations of $19.9 million for Q2 2025, a significant improvement from the $26.2 million loss in the same period last year. The company is actively seeking partnerships and other funding structures to advance its SER-155 program, which aims to prevent bloodstream infections. Cash and cash equivalents stood at $45.4 million as of June 30, 2025, with an additional $25 million received from Nestlé Health Science in July 2025, extending the cash runway into Q1 2026.

• Net loss from continuing operations improved to $19.9 million in Q2 2025, down from $26.2 million in Q2 2024.
• Seres submitted its Phase 2 study protocol for SER-155 to the FDA, targeting approximately 248 participants with an adaptive design and interim analysis.

GEN Restaurant Group reported a 2.2% year-over-year increase in total revenue to $55.0 million for the second quarter of 2025. Despite this growth, the company experienced a loss from operations of $1.9 million and a net loss of $1.7 million, primarily due to higher costs associated with new restaurant development and inflationary pressures. However, restaurant-level adjusted EBITDA remained strong at $9.0 million, and the company continues its aggressive expansion, opening seven new locations in the first half of the year and two more in July, with plans to exceed its target of 12-13 new stores by year-end.

• Total revenue increased by 2.2% year-over-year, reaching $55.0 million in Q2 2025.
• The company reported a net loss of $1.7 million and a loss from operations of $1.9 million for the quarter.

Solo Brands experienced a challenging second quarter in 2025, with consolidated net sales decreasing by 29.9% to $92.3 million and a net loss of $20.8 million, compared to a net loss of $4.0 million in the prior year. The decline was largely driven by the Solo Stove segment's reduced direct-to-consumer sales due to inventory issues and a shift away from promotional activities. However, the Chubbies segment demonstrated strong performance with a 13.1% increase in net sales and a 48.3% rise in Segment EBITDA, showcasing operational leverage and efficiency gains.

• Consolidated net sales for Q2 2025 were $92.3 million, a 29.9% decrease from $131.6 million in Q2 2024.
• The company reported a net loss of $20.8 million, or $8.93 per basic and diluted share, significantly wider than the $4.0 million net loss in the prior year.