Reports

Apple delivered strong Q4 2025 results with $102.5 billion in revenue and $1.85 EPS, setting September quarter records in total revenue, iPhone sales, and Services revenue.

• Revenue reached $102.5 billion, a record for the September quarter.
• Net income doubled to $27.47 billion compared to Q4 2024.

Amazon posted a robust Q3 2025 with $180.2B in revenue and $21.2B in net income, fueled by significant growth in AWS and continued consumer demand across geographies.

• AWS revenue surged 20% year-over-year to $33.0B, showing its fastest growth since 2022.
• Net income reached $21.2B, significantly boosted by a $9.5B gain from its investment in Anthropic.

Eli Lilly delivered a robust Q3 2025 performance with revenue rising 54% year-over-year to $17.6B, propelled by high volume growth in key products like Mounjaro and Zepbound. EPS and net income saw substantial increases, and the company raised its full-year guidance on the back of continued pipeline and regulatory momentum.

• Revenue grew 54% YoY to $17.6B, primarily due to strong volume from Mounjaro and Zepbound.
• Reported EPS reached $6.21; non-GAAP EPS was $7.02.

Mastercard delivered a solid third quarter with 17% revenue growth and 13% EPS growth year-over-year. Cross-border volumes and switched transactions both showed healthy increases, reflecting robust consumer and business spending globally.

• Net revenue reached $8.6 billion, up from $7.37 billion in Q3 2024.
• Adjusted diluted EPS rose to $4.38, supported by strong operating income and share repurchases.

Shell delivered a solid third quarter, with net income rising to $5.32 billion and adjusted earnings of $5.43 billion. Strong trading performance and increased volumes across segments contributed to the improved results.

• Net income rose to $5.32 billion from $4.29 billion in Q3 2024.
• Adjusted EPS per ADS was $1.86, reflecting robust earnings across segments.

Merck delivered strong Q3 2025 results with increased revenue and EPS, fueled by continued demand for KEYTRUDA and WINREVAIR, despite a notable decline in GARDASIL sales.

• KEYTRUDA sales grew to $8.142 billion, reflecting robust oncology demand.
• Non-GAAP EPS reached $2.58, up from $1.57 a year ago.

S&P Global delivered solid financial performance in Q3 2025 with increased revenue, EPS, and net income. The company saw notable margin expansion and strong cash generation.

• Revenue grew to $3.888 billion from $3.575 billion in Q3 2024.
• EPS rose to $4.73, reflecting higher operating profit and margin expansion.

Stryker delivered a strong third quarter in 2025, with consolidated net sales reaching $6.1 billion, an increase of 10.3%. The company achieved double-digit adjusted earnings per diluted share growth of 11.1% to $3.19, driven by strong execution and sustained demand across its broad portfolio.

• Consolidated net sales increased by 10.3% to $6.1 billion in the third quarter of 2025.
• Adjusted net earnings per diluted share grew by 11.1% to $3.19, demonstrating strong profitability.

TotalEnergies delivered stable profitability in Q3 2025, supported by increased hydrocarbon production, improved downstream margins, and solid performance across its business segments.

• Adjusted net income reached $4.0 billion, on par with the prior year quarter.
• Cash flow from operations excluding working capital rose to $7.1 billion.

Gilead delivered a solid Q3 2025 with EPS nearly doubling year-over-year, fueled by a sharp drop in impairment charges and a $400M increase in other revenue. Product sales excluding Veklury grew, led by Biktarvy and Livdelzi.

• EPS jumped to $2.43 from $1.00, driven by reduced impairment charges and higher other revenue.
• HIV sales reached $5.3 billion, up 4%, led by Biktarvy and Descovy.

Strategy Inc delivered a strong third quarter with $2.8 billion in net income, bolstered by unrealized gains on its Bitcoin treasury. EPS reached $8.42, reversing a loss from the prior year. Revenue rose to $128.7 million, led by growth in subscription services.

• Achieved $2.8 billion in net income for Q3 2025, compared to a net loss in Q3 2024
• Diluted EPS reached $8.42, a major improvement year-over-year

ICE delivered solid Q3 2025 results, driven by consistent performance across segments and a strategic investment in Polymarket to expand into decentralized prediction markets.

• Net income reached $816 million for Q3 2025.
• Adjusted EPS was $1.71, reflecting strong operational efficiency.

Altria reported stable third-quarter results with a slight rise in adjusted EPS and steady profitability, despite revenue declines and shipment volume pressures.

• Adjusted EPS rose to $1.45, driven by stronger margins and share repurchases.
• Net revenue declined 3.0% YoY to $6.07B due to lower volume in tobacco segments.

AB InBev delivered modest revenue growth and EBITDA margin expansion in Q3 2025, while net income declined significantly due to non-underlying financial items. Volumes fell across key regions, but premium and no-alcohol portfolios showed strength. A $6B share buyback and interim dividend were announced.

• Revenue rose to $15.13 billion, a 0.9% organic increase despite volume declines.
• Underlying EPS grew slightly to $0.99 while net income dropped to $1.05 billion due to non-underlying items.

Trane Technologies posted strong third-quarter results, achieving record enterprise bookings of $6 billion and a 15% increase in adjusted EPS. Revenue grew 6% year-over-year to $5.74 billion, driven primarily by strength in the Americas commercial HVAC segment. Net income totaled $857 million, and the company generated $1.79 billion in free cash flow year-to-date.

• Record enterprise bookings of $6 billion, driven by over 100% growth in applied solutions.
• Adjusted EPS grew 15% to $3.88, while GAAP EPS was $3.82.

Bristol Myers Squibb delivered solid Q3 2025 results with strong growth in its new product portfolio and improved revenue, EPS, and net income. Legacy products declined but were offset by rising contributions from Breyanzi, Camzyos, and Reblozyl.

• Revenue reached $12.2B, up from $11.9B in Q3 2024.
• Non-GAAP EPS was $1.63, while GAAP EPS came in at $1.08.

Cloudflare delivered a solid Q3 2025, with revenue reaching $562 million and notable improvements in non-GAAP profitability, showcasing operational strength despite a small GAAP net loss.

• Revenue grew to $562 million, reflecting strong demand.
• Non-GAAP net income surged to $102.6 million.

Republic Services delivered robust third-quarter 2025 results, with total revenue increasing by 3.3% to $4.212 billion. The company reported diluted EPS of $1.76 and adjusted EPS of $1.90, alongside a net income of $550 million. Adjusted EBITDA reached $1.38 billion, with an adjusted EBITDA margin of 32.8%, reflecting an 80-basis-point expansion over the prior year, primarily due to pricing ahead of cost inflation and disciplined operations.

• Total revenue grew by 3.3% to $4.212 billion, with organic growth contributing 1.7% and acquisitions adding 1.6%.
• Diluted EPS was $1.76, and adjusted diluted EPS, a non-GAAP measure, was $1.90, demonstrating strong profitability.

Cigna delivered a robust Q3 performance, with revenue rising to $69.7B and adjusted EPS reaching $7.83. The company benefited from solid growth in Evernorth's pharmacy and specialty segments while introducing a new rebate-free pharmacy benefit model.

• Total revenue rose to $69.7 billion, a 10% increase from Q3 2024.
• Adjusted EPS climbed to $7.83, up from $7.51 in Q3 2024.

Enterprise Products posted solid financials with $1.34 billion in net income and maintained strong operating performance, driven by record volume growth in natural gas and NGLs. However, lower sales margins and operational headwinds weighed on results.

• Net income for Q3 2025 was $1.34 billion, down slightly from $1.42 billion last year.
• EPS was $0.61 per unit, compared to $0.65 in Q3 2024.

Quanta Services delivered a robust Q3 2025, with revenues reaching $7.63 billion and net income of $339.4 million. The company achieved record adjusted EPS of $3.33, reflecting momentum in its Electric Infrastructure business and solid operational execution.

• Revenue reached a record $7.63 billion, driven by growth in Electric Infrastructure.
• Adjusted EPS rose to $3.33, reflecting strong margin performance.

Alnylam Pharmaceuticals reported record-breaking Q3 2025 results with total net product revenue of $851.1 million, led by a significant 165% growth in AMVUTTRA. Net income turned positive at $251.1 million GAAP and $396.2 million non-GAAP. The company raised its full-year guidance for product revenues, reflecting strong commercial execution.

• Total net product revenue reached $851.1 million, up 103% YoY.
• AMVUTTRA delivered $685.3 million in revenue, up 165% YoY.

Cheniere Partners delivered $2.4 billion in revenue and $885 million in adjusted EBITDA in Q3 2025, with net income impacted by unfavorable derivative valuations.

• Revenue reached $2.4 billion, a 17% increase from Q3 2024
• Net income fell to $506 million due to derivative losses

Ameriprise Financial delivered a strong third quarter, with adjusted operating earnings per diluted share increasing 22% to $9.87 and GAAP net income per diluted share rising 87% to $9.33. The company achieved record high assets under management, administration, and advisement of $1.7 trillion, up 8%, and adjusted operating net revenues increased 9% to $4.7 billion, primarily due to asset growth. Strong expense discipline and capital return to shareholders were also key highlights.

• Adjusted operating earnings per diluted share increased 22% to $9.87, reflecting continued asset growth and expense discipline.
• GAAP net income per diluted share was $9.33, an 87% increase compared to $5.00 a year ago.

Howmet Aerospace delivered a record third quarter with $2.09B in revenue and $385M in net income, driven by commercial and defense aerospace strength. All metrics exceeded guidance, including strong adjusted EBITDA margin and substantial share repurchases.

• Revenue grew to $2.09B, up 14% YoY, led by aerospace markets.
• Net Income reached $385M, and EPS was $0.95.

L3Harris delivered a solid Q3 2025, with 7% revenue growth and a 17% increase in GAAP EPS. Strong demand across segments and effective cost management supported margin expansion, while adjusted free cash flow was impacted by customer payment delays.

• Revenue reached $5.659 billion, up 7% year-over-year
• GAAP diluted EPS rose 17% to $2.46; Non-GAAP EPS rose 10% to $2.70

Atlassian delivered a solid start to fiscal year 2026, with total revenue exceeding $1.4 billion, driven by robust Cloud revenue growth of 26% year-over-year. The company also saw strong adoption of its AI capabilities and maintained a healthy non-GAAP operating margin.

• Total revenue reached $1,432,553,000, marking a 21% increase year-over-year.
• Cloud revenue grew to $997,708,000, up 26% compared to the previous year.

Kimberly-Clark delivered flat total revenue year-over-year, but achieved 2.5% organic net sales growth and maintained adjusted EPS in line with last year, driven by strong innovation, brand resilience, and disciplined cost management.

• Organic net sales grew 2.5%, driven by 2.4% volume growth.
• Adjusted EPS remained steady at $1.82, despite macro challenges.

Edwards Lifesciences reported $1.55 billion in revenue for Q3 2025, driven by robust growth in TAVR and TMTT sales. Gross and operating margins declined slightly YoY due to foreign exchange and investment-related spending. The company raised its full-year guidance.

• Q3 2025 revenue reached $1.553 billion, a 14.7% increase from Q3 2024.
• TAVR sales rose 12.4% to $1.15 billion, maintaining strong global demand.

Xcel Energy posted Q3 2025 GAAP earnings of $524 million, or $0.88 per share, significantly lower than the prior year due to a $287 million litigation charge. Ongoing EPS was stable at $1.24, supported by higher electric revenues and infrastructure recovery.

• GAAP EPS declined to $0.88 from $1.21 due to Marshall Fire litigation settlement
• Ongoing EPS held steady at $1.24, supported by increased infrastructure cost recovery

AMETEK delivered an outstanding third quarter with record revenue of $1.89 billion and GAAP EPS of $1.60. The company achieved double-digit sales, orders, and EPS growth, supported by robust margin expansion and strong segment performance.

• Revenue reached a record $1.89 billion, up 11% YoY
• GAAP EPS was $1.60; Adjusted EPS hit a record $1.89

ResMed delivered a strong start to fiscal year 2026, with revenue increasing 9% to $1.3 billion and non-GAAP diluted EPS growing 16% to $2.55. The company saw significant gross margin expansion due to manufacturing efficiencies and component cost improvements, reinforcing its strategy to transform healthcare in the home.

• Revenue increased by 9% year-over-year to $1.3356 billion, or 8% on a constant currency basis.
• Non-GAAP gross margin expanded by 280 basis points to 62.0%, driven by manufacturing and logistics efficiencies.

Reddit posted impressive Q3 results with revenue up 68% to $585 million and net income reaching $163 million, driven by growth in advertising and expanding user engagement.

• Revenue surged 68% YoY to $585 million, driven by strong ad performance.
• Net income rose to $163 million, marking significant profitability expansion.

Monolithic Power Systems delivered a robust Q3 2025, achieving record quarterly revenue of $737.2 million and net income of $178.3 million, supported by strength in Storage & Computing and Automotive segments.

• Revenue reached $737.2 million, driven by strength in Storage & Computing and Automotive markets.
• GAAP net income was $178.3 million, up from $144.4 million a year ago.

Hershey delivered better-than-expected Q3 2025 revenue growth, supported by pricing strategies and strong segment performance, though profitability declined due to higher input costs and tariffs.

• Revenue grew 6.5% year-over-year, reaching $3.18 billion.
• Net income declined to $276.3 million, impacted by rising commodity and tariff costs.

Vulcan Materials delivered a strong third quarter with $2.29 billion in revenue and $375 million in net income. Aggregates shipments rose 12%, driving higher margins and record profitability. Adjusted EBITDA grew 27% with margin expanding to 32.1%.

• EPS reached $2.83; Adjusted EPS was $2.84, up from $2.22 YoY
• Net income increased to $375 million, compared to $208 million a year ago

Cardinal Health delivered a robust Q1 FY26, marked by 22% revenue growth and significant improvement in both GAAP and non-GAAP earnings, prompting a raised outlook for the fiscal year.

• Revenue rose 22% year-over-year to $64 billion, driven by strong pharmaceutical and specialty sales.
• GAAP net income increased to $450 million and EPS to $1.88.

VICI Properties delivered solid Q3 results with revenue and AFFO growth, maintained strong liquidity, and continued expanding its portfolio with the addition of a new tenant.

• Total revenue rose 4.4% YoY to $1.007 billion.
• Net income increased to $762 million.

Estee Lauder posted a solid start to fiscal 2026 with a net income of $47M, driven by growth in Asia travel retail and luxury fragrance brands, alongside improved operational efficiency.

• Returned to profitability with $47M in net income after a $156M loss in the prior year.
• Revenue rose 4% to $3.48B, supported by strong performance in Asia/Pacific and luxury fragrance.

WTW delivered solid Q3 2025 performance with 5% organic revenue growth, higher operating margins, and 11% growth in adjusted EPS. Segment performance was supported by strong advisory demand and improved operational efficiency.

• Revenue held steady at $2.288 billion due to TRANZACT divestiture, but organic growth was 5%
• Net income was $306 million and adjusted EPS rose to $3.07, up 11% from Q3 2024

Ingersoll Rand delivered Q3 2025 results marked by revenue of $1.955 billion and net income of $244 million, with continued momentum in both Industrial Technologies and Precision & Science segments.

• Revenue reached $1.955 billion, with balanced growth across both business segments.
• Net income was $244 million; adjusted net income was $346 million.

LPL Financial experienced a net loss of $30 million in the third quarter of 2025, largely driven by $419 million in one-time acquisition costs related to the Commonwealth Financial Network acquisition. However, the company demonstrated robust business growth with total advisory and brokerage assets increasing by 45% year-over-year to $2.3 trillion and adjusted EPS rising 25% year-over-year to $5.20. Organic net new assets also showed healthy annualized growth of 7%.

• Net loss of $30 million, or $0.37 diluted EPS, primarily due to $419 million in acquisition costs from the Commonwealth acquisition.
• Adjusted EPS increased 25% year-over-year to $5.20, indicating strong underlying operational performance.

Dexcom delivered robust financial performance in Q3 2025, with worldwide revenue increasing by 22% year-over-year to $1.209 billion. The company also saw a substantial rise in GAAP operating income by 480 basis points and non-GAAP operating income by 130 basis points compared to the prior year.

• Worldwide revenue grew 22% year-over-year to $1.209 billion.
• GAAP operating income reached $242.5 million, representing 20.1% of revenue, a 480 basis point increase.

Tradeweb delivered a strong third quarter with $508.6M in revenue and a net income surge of 62%, driven by record trading volumes across rates, credit, equities, and money markets.

• Revenue rose to $508.6M, up 13.3% YoY, with growth in all major asset classes.
• Net income jumped to $210.5M, a 61.7% increase from the prior year period.

DTE Energy posted Q3 2025 GAAP earnings of $419M, down from $477M in 2024, while operating earnings rose slightly to $468M. The company reported $3.15B in revenue and continued to invest heavily in infrastructure, while offering a strong early EPS outlook for 2026.

• Q3 2025 revenue reached $3.15B, reflecting continued investment and stable utility operations.
• Net income was $419M, down from $477M in Q3 2024.

EMCOR delivered record third-quarter results, achieving all-time highs in revenue, net income, and remaining performance obligations, driven by strength across diverse sectors.

• Revenue reached a record $4.30 billion, up from $3.70 billion a year ago.
• Net income rose to $295.4 million, with EPS hitting a record $6.57.

Kellanova delivered slightly higher revenue and exceeded internal profit expectations, driven by strong noodles growth in Africa and disciplined cost management. However, EPS and net income declined due to lower mark-to-market gains and higher taxes.

• Revenue rose slightly to $3.26B, supported by strong noodles performance in Africa.
• GAAP EPS declined to $0.88 due to lower mark-to-market benefit and tax lapping effects.

Cheniere Partners delivered $2.4 billion in revenue for Q3 2025, with a slight increase in Adjusted EBITDA, despite a decline in net income due to derivative-related impacts.

• Revenue rose to $2.4 billion, up 17% from Q3 2024.
• Net income declined to $506 million, primarily due to unfavorable derivative movements.

Western Digital delivered a strong fiscal first quarter 2026, with revenue up 27% year-over-year to $2.82 billion and significant increases in GAAP and non-GAAP diluted EPS. The company achieved strong free cash flow and exceeded its own guidance for revenue and gross margin, primarily due to a strong demand environment in data storage, particularly in the cloud.

• Revenue reached $2.82 billion, marking a 27% increase compared to the same period last year.
• GAAP diluted EPS was $3.07, while non-GAAP diluted EPS stood at $1.78, both showing substantial year-over-year growth.

International Paper posted a net loss of $1.1 billion in Q3 2025, driven by charges including accelerated depreciation and restructuring costs. Despite this, adjusted EBITDA improved sequentially as the company progressed with its transformation strategy.

• Q3 2025 net sales totaled $6.22 billion, up from $3.98 billion in Q3 2024.
• Reported net loss of $1.1 billion, including $676 million from discontinued operations.

Fox Corporation delivered solid Q1 FY2026 results, with increased revenues driven by advertising and content growth. Net income declined year-over-year, but adjusted EPS and adjusted EBITDA showed resilience despite higher costs.

• Revenue reached $3.74 billion, a 5% increase from the prior year quarter.
• Net income was $609 million, down from $832 million in Q1 FY2025.

RBI delivered solid Q3 2025 earnings, with system-wide sales up 6.9%, Adjusted EPS reaching $1.03, and strong performance from Tim Hortons and international operations fueling growth. Burger King also showed resilience with improving comps and operating income.

• System-wide sales grew 6.9% year-over-year, reaching $12.28 billion.
• Adjusted Operating Income increased to $702 million.

CMS Energy delivered strong third-quarter results, driven by constructive regulatory outcomes and favorable operating conditions. Both GAAP and adjusted earnings per share improved, and the company raised its full-year guidance while initiating 2026 targets.

• Operating revenue for Q3 2025 was $2.02 billion, up from $1.74 billion in Q3 2024.
• Net income available to common stockholders increased to $275 million from $251 million last year.

Insmed achieved strong third-quarter financial results with 52% total revenue growth year-over-year, driven by ARIKAYCE expansion and the U.S. launch of BRINSUPRI. The company raised full-year guidance and reported continued clinical and regulatory progress across its pipeline.

• Total revenue reached $142.3 million, up 52% from Q3 2024.
• ARIKAYCE net sales were $114.3 million globally, with 11% growth in the U.S. and 52% internationally.

Zillow Group delivered a robust third quarter in 2025, with total revenue increasing 16% year-over-year to $676 million, surpassing company outlook. The company achieved a net income of $10 million and an Adjusted EBITDA of $165 million, demonstrating effective cost management and strong growth across its segments, particularly in Mortgages and Rentals.

• Total revenue for Q3 2025 increased by 16% year-over-year, reaching $676 million, exceeding the company's outlook.
• Net income for the quarter was $10 million, with a net income margin of 1%, a significant improvement of 400 basis points year-over-year.

Twilio delivered a robust quarter with $1.3B in revenue and a net income of $37M. The company exceeded expectations on profitability and raised full-year guidance, showing broad-based strength across customer segments.

• Revenue reached $1.3B, growing 15% year-over-year.
• Non-GAAP EPS rose to $1.25, with GAAP EPS at $0.23.

First Solar delivered a robust third quarter in 2025, achieving record net sales of $1.6 billion and a diluted EPS of $4.24. The company significantly strengthened its net cash position to $1.5 billion and expanded its manufacturing capabilities with the commissioning of its fifth U.S. facility, demonstrating effective execution in a challenging market.

• Net sales reached a record $1.6 billion in Q3 2025, an increase of $0.5 billion from the prior quarter.
• Diluted earnings per share were $4.24, up from $3.18 in the previous quarter.

Weyerhaeuser delivered $1.717 billion in revenue and $80 million in net income for Q3 2025. Results were supported by steady Timberlands performance and strong pricing in the Real Estate, Energy & Natural Resources segment.

• Reported net sales of $1.717 billion for Q3 2025.
• Net earnings came in at $80 million, or $0.11 per share.

Erie Indemnity delivered strong Q3 2025 results with solid revenue growth and increased net income driven by gains in management fee revenue and investment income.

• Net income reached $182.9 million, up from $159.8 million in Q3 2024.
• EPS rose to $3.50 from $3.06 in the same quarter last year.

APi Group delivered record third quarter results, driven by strong performance in inspection, service, and monitoring revenues. The company also raised its full-year guidance on net revenues and adjusted EBITDA.

• Record Q3 net revenues of $2.085 billion, up 14.2% YoY
• Net income rose to $93 million, a 34.8% increase YoY

Illumina delivered strong Q3 2025 results, with revenue of $1.08 billion, flat year-over-year, and diluted EPS of $0.98. Non-GAAP diluted EPS reached $1.34, surpassing expectations. The company returned to growth outside of China, driven by acceleration in the clinical market segment.

• Revenue for Q3 2025 was $1.08 billion, remaining flat compared to Q3 2024 on both a reported and constant currency basis.
• GAAP diluted EPS was $0.98, and non-GAAP diluted EPS was $1.34, exceeding the high-end of guidance.

XPO delivered higher revenue and adjusted EPS in Q3 2025 despite a decline in net income due to a legal charge. The North American LTL segment outperformed with margin expansion and yield improvement.

• Revenue grew 2.8% YoY to $2.11 billion, led by the European segment
• Net income declined 13.7% YoY due to a $35M legal charge

Revenue and net income declined in Q3 2025, primarily due to lower core organic sales and commodity deflation. However, the company generated strong free cash flow and continued executing its operational excellence strategy.

• Net income fell to $122.4M, down from $284.8M last year.
• Revenue decreased to $3.94B, driven by a decline in single-family and multi-family segments.

MasTec posted strong Q3 2025 results with revenue reaching $3.97 billion and net income at $166.5 million, driven by robust demand across all operating segments.

• Revenue hit a quarterly record of $3.97 billion, up 22% year-over-year.
• GAAP Net Income rose to $166.5 million, a 58% increase from Q3 2024.

Aptiv delivered a strong third quarter in 2025, achieving record revenues of $5.2 billion, a 7% increase from the prior year. The company also reported record Adjusted Operating Income of $654 million and Adjusted Earnings per Share of $2.17, reflecting robust operational execution despite a U.S. GAAP net loss of $355 million due to a significant non-cash goodwill impairment charge.

• Record U.S. GAAP revenue of $5.2 billion, up 7% from the prior year period.
• Adjusted Operating Income reached $654 million, an increase from $593 million in the prior year, with a margin of 12.5%.

Houlihan Lokey delivered a strong Q2 2026 with $659M in revenue and $112M in net income. All major segments saw year-over-year revenue growth, supported by improved market activity and increased deal volumes.

• Revenue reached $659 million, up from $575 million a year ago.
• Net income rose to $112 million, with diluted EPS of $1.63.

Lincoln Electric delivered robust performance in the third quarter of 2025, with net sales increasing by 7.9% to $1,061.2 million, driven by strong organic sales growth and strategic acquisitions. The company achieved significant improvements in profitability, with operating income margin reaching 16.6% and adjusted operating income margin at 17.4%. Diluted EPS stood at $2.21, while adjusted diluted EPS rose to $2.47, reflecting effective cost management and operational efficiency. Cash flow from operations was exceptionally strong at $237 million, leading to a 149% cash conversion rate.

• Net sales increased by 7.9% to $1,061.2 million, with organic sales growing by 5.6% and acquisitions contributing 1.7%.
• Operating income margin improved to 16.6%, and adjusted operating income margin reached 17.4%, demonstrating enhanced profitability.

Gaming and Leisure Properties (GLPI) achieved record financial results in the third quarter of 2025, with total revenue increasing by 3.2% year-over-year to $397.6 million. Adjusted Funds From Operations (AFFO) grew 5.1% to $282.0 million, and Adjusted EBITDA increased by 5.8% to $366.4 million, reflecting strong operational performance and strategic growth initiatives.

• Total revenue reached a record $397.6 million, a 3.2% increase year-over-year, driven by existing leases and recent acquisitions.
• Adjusted Funds From Operations (AFFO) grew 5.1% to $282.0 million, and Adjusted EBITDA increased 5.8% to $366.4 million, both setting new records.

Blue Owl Capital delivered a strong quarter with $728 million in revenue and $6.3 million in net income. AUM rose to $295.6 billion, driven by new capital commitments and acquisitions across all three platforms.

• GAAP revenue was $728 million and net income was $6.3 million for Q3 2025.
• Adjusted EPS (Distributable Earnings per Adjusted Share) came in at $0.22.

Roku reported solid Q3 2025 results with revenue growth driven by platform and ad monetization. The company achieved positive operating income and net income, signaling a return to profitability.

• Total revenue reached $1.210638 billion, driven by strong performance in platform revenue.
• Net income was $24.812 million, marking a return to profitability.

Reinsurance Group of America (RGA) delivered strong third-quarter results, with net income available to shareholders increasing to $253 million, or $3.81 per diluted share, compared to $156 million, or $2.33 per diluted share, in the prior-year quarter. Adjusted operating income reached $310 million, or $4.66 per diluted share, and a record $424 million, or $6.37 per diluted share, excluding notable items. The company deployed $1.7 billion of capital into in-force block transactions, including $1.5 billion for the Equitable transaction, and repurchased $75 million of common shares.

• Net income available to RGA shareholders increased to $253 million, or $3.81 per diluted share, up from $156 million, or $2.33 per diluted share, in the prior-year quarter.
• Adjusted operating income, excluding notable items, reached a quarterly record of $424 million, or $6.37 per diluted share.

Omega Healthcare delivered solid Q3 2025 performance, increasing net income to $185M and adjusted FFO to $243M, while deploying over $150M in new investments and maintaining high occupancy rates.

• Net income rose to $185 million, or $0.59 per diluted share
• Adjusted FFO reached $243 million, or $0.79 per share

AppFolio delivered a strong third quarter in 2025, with revenue increasing 21% year-over-year to $249 million and total units under management growing 7% to 9.1 million. The company achieved GAAP operating income of $35 million and non-GAAP operating income of $59 million, while net cash provided by operating activities reached $86 million.

• Revenue grew 21% year-over-year, reaching $249 million in Q3 2025.
• Total units under management increased by 7% year-over-year, totaling 9.1 million.

Huntington Ingalls Industries (HII) delivered a robust performance in the third quarter of 2025, with total revenues increasing by 16.1% to $3.2 billion. The growth was primarily fueled by strong contributions from Newport News Shipbuilding, Ingalls Shipbuilding, and Mission Technologies. Operating income more than doubled, and net earnings saw a substantial increase, leading to higher diluted earnings per share.

• Total revenues for Q3 2025 reached $3.2 billion, marking a 16.1% increase compared to Q3 2024.
• Operating income surged to $161 million with an operating margin of 5.0%, significantly up from $82 million and 3.0% in the prior year.

Westlake Corporation reported a net loss of $782 million for Q3 2025, primarily due to a $727 million non-cash goodwill impairment in its chlorovinyls operations. Net sales were $2.84 billion, down 9% year-over-year, while EBITDA excluding identified items was $313 million. The Housing and Infrastructure Products segment remained resilient with a 20% EBITDA margin, while the Performance and Essential Materials segment suffered from lower sales prices and volume, resulting in a 5% adjusted EBITDA margin.

• Net sales were $2.84 billion, a 9% year-over-year decline.
• A $727 million non-cash impairment charge resulted in a net loss of $782 million.

Wesco International delivered very strong results in the third quarter of 2025, outperforming the market with record net sales of $6.2 billion, a 12.9% increase year-over-year. Organic sales growth accelerated to 12.1%, driven by strong performance across all segments, particularly data center sales which surged by approximately 60%. The company also saw improvements in gross margin and operating margin sequentially, and adjusted diluted EPS increased by 9.5% year-over-year.

• Record third quarter net sales reached $6.2 billion, marking a 12.9% increase year-over-year.
• Organic sales growth accelerated to 12.1% year-over-year, with sequential growth of 4.8%.

LKQ Corporation delivered a solid third quarter in 2025, with revenue increasing by 1.3% to $3,499 million. The company successfully divested its Self Service segment, returned $118 million to shareholders through share repurchases and dividends, and raised the midpoint of its full-year adjusted diluted EPS guidance. Operational highlights included market share gains in North America, double-digit margins in Europe, and strong organic growth in the Specialty business.

• Revenue for Q3 2025 increased by 1.3% to $3,499 million compared to the same period last year.
• Diluted EPS from continuing operations was $0.69, a 2.8% decrease from $0.71 in Q3 2024.

SPX delivered a robust Q3 2025 performance with revenue up 22.6%, net income reaching $63.1M, and adjusted EBITDA at $136.1M. The company raised its full-year guidance amid strong demand across both business segments.

• Revenue reached $592.8M, up 22.6% YoY
• GAAP EPS was $1.29; Adjusted EPS was $1.84

Aptar posted strong Q3 2025 results with a 6% sales increase to $961 million and net income rising to $128 million. EPS grew to $1.92, and adjusted EPS reached $1.62. The pharma segment led with 18% growth in injectables. Adjusted EBITDA margin improved to 23.2%.

• Net income increased 28% to $128 million compared to prior year
• Reported EPS rose to $1.92; adjusted EPS was $1.62

CubeSmart reported Q3 2025 diluted EPS of $0.36 and net income of $82.9 million, down from the prior year. Revenue grew modestly due to acquisitions and new developments, while same-store NOI fell 1.5%. The company issued $450M in unsecured notes to strengthen liquidity and updated full-year guidance to reflect stabilized trends.

• Net income declined to $82.9 million from $100.8 million in Q3 2024
• Same-store NOI decreased 1.5% due to lower revenue and slightly higher operating expenses

Floor & Decor delivered a strong third quarter in fiscal 2025, with diluted EPS of $0.53, marking a 10.4% increase year-over-year and exceeding guidance. The company achieved a 5.5% increase in net sales to $1,179.5 million, despite a 1.2% decrease in comparable store sales. Operating income grew by 8.6% to $72.0 million, and net income rose by 10.8% to $57.3 million, demonstrating operational discipline in a soft demand environment.

• Net sales increased by 5.5% to $1,179.5 million in Q3 2025 compared to the same period last year.
• Diluted EPS grew by 10.4% to $0.53, surpassing guidance and marking the second consecutive quarter of double-digit EPS growth.

HF Sinclair delivered strong third-quarter results, with net income attributable to stockholders reaching $403 million, a substantial improvement from a net loss in the prior year. Adjusted net income also saw a significant increase to $459 million. The company attributed this performance to measurable improvements in operating and commercial performance, including increased refining throughput and capture, and reductions in operating costs. The company returned $254 million to shareholders during the quarter and announced a $0.50 quarterly dividend.

• Net income attributable to HF Sinclair stockholders was $403 million, or $2.15 per diluted share, a significant turnaround from a net loss of $76 million in Q3 2024.
• Adjusted net income attributable to HF Sinclair stockholders increased to $459 million, or $2.44 per diluted share, up from $96 million in Q3 2024.

Cullen/Frost Bankers, Inc. delivered a robust third quarter in 2025, with net income available to common shareholders rising to $172.7 million, a significant increase from the previous year. Diluted earnings per share also saw a healthy jump to $2.67. The company experienced continued loan growth and an increase in deposits, contributing to improved returns on average assets and average common equity.

• Net income available to common shareholders for Q3 2025 increased to $172.7 million, up from $144.8 million in Q3 2024.
• Diluted earnings per common share rose to $2.67 in Q3 2025, compared to $2.24 in Q3 2024.

Federal Signal delivered solid Q3 2025 performance with 17% revenue growth to $555000000 and improved profitability across key metrics, including operating income and adjusted EPS, supported by demand across segments and margin expansion. Orders and backlog remained strong.

• Net sales increased 17% year-over-year to 555000000, reflecting broad-based demand. :contentReference[oaicite:0]{index=0}
• Operating income rose 24% to 94000000, with adjusted EBITDA margin expanding to 20.9%. :contentReference[oaicite:1]{index=1}

TFI reported Q3 2025 revenue of $1.97B, a decline from $2.18B in Q3 2024. Net income dropped to $84.7M and adjusted EPS to $1.20. Weaker demand affected all segments, but operational discipline supported solid margins. The company returned over $100M to shareholders and reaffirmed capital discipline heading into Q4.

• Revenue declined 10% year-over-year to $1.97B, impacted by soft freight volumes
• Net income fell to $84.7M with diluted EPS of $1.02; adjusted net income was $99.1M

The company delivered robust results for Q3 2025, with double-digit revenue growth driven by strong organic performance and M&A activity. Profitability also improved significantly across key metrics.

• Total revenue reached $754.6 million, up 24.8% year-over-year
• Organic revenue growth rate was 15.0%

Eagle Materials achieved record revenue of $638.9 million in Q2 fiscal 2026, driven by strong demand in its Heavy Materials segment, particularly cement and aggregates. Despite a decline in Light Materials due to lower wallboard sales volume, the company reported solid net earnings and adjusted EBITDA, while also repurchasing shares and maintaining a strong balance sheet.

• Record revenue of $638.9 million was achieved in the second quarter of fiscal 2026.
• Net earnings per diluted share were $4.23, with total net earnings at $137.4 million.

InterDigital reported an outstanding third quarter in 2025, with annualized recurring revenue reaching a record $588 million, a 49% increase year-over-year. Net income and diluted EPS also saw substantial growth of 97% and 69% respectively, attributed to new license agreements and the completion of the Samsung smartphone arbitration.

• Annualized recurring revenue hit an all-time high of $588 million, up 49% year-over-year.
• Net income increased by 97% and diluted EPS by 69% compared to the third quarter of 2024.

Bright Horizons Family Solutions delivered robust Q3 2025 results driven by higher utilization in back-up care and improved enrollment in full-service child care. Revenue rose 12% year-over-year to $802.8 million, while adjusted EBITDA and adjusted net income grew 29% and 39%, respectively. The company strengthened its balance sheet and reaffirmed confidence in its full-year outlook.

• Revenue increased 12% year-over-year to $802.8 million.
• Net income rose 43% to $78.6 million, with diluted EPS of $1.37.

Fortune Brands Innovations reported Q3 2025 revenue of $1.15 billion, nearly flat year-over-year, with strength across all segments despite macro challenges. GAAP EPS declined to $0.59 due to impairment charges, while adjusted EPS was $1.09. Operating income before charges and gains reached $206.2 million, with a strong operating margin before charges/gains of 17.9%. The company generated $177 million in free cash flow and maintained a solid balance sheet with net debt-to-EBITDA at 2.7x.

• Revenue reached $1.15 billion, down 0.5% year-over-year, outperforming end market trends.
• GAAP EPS was $0.59, while non-GAAP EPS before charges/gains was $1.09.

Net income declined to $100.3 million from $132.3 million a year ago, as both the petroleum additives and specialty materials segments posted lower operating profit. The company faced shipment declines and increased investments in technology and operations.

• Q3 2025 net income was $100.3 million, down from $132.3 million in Q3 2024
• Earnings per share were $10.67 compared to $13.79 last year

Janus Henderson Group plc delivered a strong third quarter in 2025, marked by its sixth consecutive quarter of positive net inflows, reaching US$7.8 billion. Assets under management (AUM) grew significantly to US$483.8 billion, a 27% increase year-over-year. The company reported diluted EPS of US$0.92 and adjusted diluted EPS of US$1.09, alongside robust operating income and net income. Investment performance remained solid, with a high percentage of AUM outperforming benchmarks across various timeframes.

• AUM reached a record high of US$483.8 billion as of September 30, 2025, representing a 27% year-over-year increase and 6% quarter-over-quarter growth.
• The company achieved its sixth consecutive quarter of positive net inflows, totaling US$7.8 billion in Q3 2025, driven by both Intermediary and Institutional segments.

KBR delivered a robust third quarter in fiscal year 2025, achieving $1.9 billion in revenue and a net income of $115 million. The company demonstrated strong operational performance with a 10% increase in Adjusted EBITDA and a 21% rise in Adjusted EPS. Despite minor revenue declines, KBR maintained a healthy book-to-bill ratio of 1.4x and improved its net leverage, reflecting effective cost management and strategic focus.

• Revenues for the third quarter were $1.9 billion, remaining flat compared to the prior year, primarily due to slower award pace and EUCOM reductions, offset by growth in Defense & Intel.
• Net income attributable to KBR increased by 15% to $115 million, driven by higher operating income.

Casella Waste Systems, Inc. reported a strong third quarter in 2025, with revenues reaching $485.4 million, an increase of 17.9% from the previous year. Net income surged by 73.0% to $10.0 million, and Adjusted EBITDA grew by 16.4% to $119.9 million. The company's performance was driven by acquisitions and sustained solid waste pricing.

• Revenues for the quarter were $485.4 million, marking a 17.9% increase from the same period in 2024.
• Net income for the quarter rose by 73.0% to $10.0 million, compared to $5.8 million in Q3 2024.

CCC Intelligent Solutions Holdings Inc. delivered strong third-quarter results with a 12% year-over-year revenue increase to $267.1 million and an adjusted EBITDA margin of 41%. The company reported a GAAP net loss of $2.0 million but an adjusted net income of $59.4 million. Cash and cash equivalents stood at $97.1 million, and free cash flow was $78.6 million.

• Total revenue for Q3 2025 increased by 12% year-over-year to $267.1 million.
• Adjusted EBITDA reached $110.1 million, representing an adjusted EBITDA margin of 41%.

Vontier delivered a solid third quarter in 2025 with sales reaching $752.5 million, a 0.3% increase year-over-year, and core sales remaining flat. The company achieved a GAAP diluted net EPS of $0.70 and an adjusted diluted net EPS of $0.78. Operating profit saw an 8.3% increase to $142.4 million, with the operating profit margin expanding by 140 basis points to 18.9%. Adjusted free cash flow stood at $94 million, representing an 82% conversion rate. The company also raised its full-year adjusted diluted net EPS guidance to $3.15 to $3.20.

• Sales increased by 0.3% year-over-year to $752.5 million, with core sales remaining flat.
• GAAP diluted net EPS was $0.70, and adjusted diluted net EPS was $0.78.

FirstCash delivered outstanding third-quarter results with record revenue and earnings, fueled by accelerating growth in U.S. and Latin American pawn segments, a significant contribution from the newly acquired H&T pawn stores in the U.K., and strong earnings growth from American First Finance due to improved margins and lower loss provisions. The company also declared a quarterly cash dividend and authorized a new $150 million share repurchase plan.

• Consolidated revenue for the third quarter increased 12% over the prior-year quarter, reaching $935.579 million.
• GAAP diluted EPS rose 29% to $1.86, while adjusted diluted EPS increased 35% to $2.26 compared to the prior-year quarter.

Crocs, Inc. delivered lower revenue and net income in Q3 2025, mainly due to declines in wholesale performance across both Crocs and HEYDUDE brands. However, the company showed strength in direct-to-consumer channels and international markets, and used strong cash flow to repurchase shares and reduce debt.

• Revenue declined 6.2% year-over-year to $996.3 million.
• Adjusted EPS was $2.92, down from $3.60 last year.

Itron delivered strong third quarter results with record margin, profitability, and cash flow, driven by increased adjusted EBITDA and free cash flow. However, total revenue decreased by 5% compared to the prior year, primarily due to portfolio optimization and project deployment timing. Device Solutions and Networked Solutions saw revenue declines, while Outcomes revenue increased.

• Total revenue for Q3 2025 was $582 million, a 5% decrease from the prior year.
• GAAP diluted EPS was $1.41, a decrease of $0.29 per share, while non-GAAP diluted EPS was $1.54, a decrease of $0.30 per share.

Allegro MicroSystems delivered robust second quarter results, with sales climbing 14% year-over-year to $214 million, driven by significant growth in both e-Mobility and Industrial & Other segments. Non-GAAP EPS saw a substantial increase of over 60% year-over-year, reaching $0.13.

• Total net sales for Q2 2026 reached $214.294 million, a 14% increase year-over-year.
• Non-GAAP diluted EPS was $0.13, marking a more than 60% increase compared to the prior year.

Credit Acceptance Corporation announced a net income of $108.2 million, or $9.43 per diluted share, for the third quarter of 2025. This represents a substantial increase compared to the same period last year, primarily due to a decrease in the provision for credit losses and an increase in finance charges. However, the company experienced declines in both unit and dollar volumes of consumer loan assignments and a decrease in economic profit.

• GAAP net income increased by 37.3% to $108.2 million, and diluted EPS rose by 48.5% to $9.43 compared to Q3 2024.
• Adjusted net income grew by 2.7% to $117.9 million, with adjusted diluted EPS increasing by 11.1% to $10.28.

TAL Education Group delivered strong financial results for the second quarter of fiscal year 2026, with net revenues increasing by 39.1% year-over-year to $861.4 million. The company saw a substantial rise in net income attributable to TAL, which more than doubled to $124.1 million, and a significant improvement in operating income. This growth was attributed to progress across core businesses, including enrichment learning programs and learning devices, driven by investments in user experience, technology, and educational model innovations.

• Net revenues for Q2 FY2026 increased by 39.1% to $861.4 million, up from $619.4 million in the prior year.
• Net income attributable to TAL surged by 116.1% to $124.1 million, compared to $57.4 million in Q2 FY2025.

Columbia Banking System reported a net income of $96 million and diluted EPS of $0.40 for Q3 2025. Operating net income was $204 million and operating diluted EPS was $0.85. The company's performance was significantly impacted by the acquisition of Pacific Premier, which closed on August 31, 2025, leading to increased net interest income and non-interest expense, primarily due to merger-related costs. Customer deposit growth was strong, supporting balance sheet optimization and a reduction in higher-cost funding sources.

• Net income for Q3 2025 was $96 million, a 37% decrease sequentially and a 34% decrease year-over-year, primarily due to acquisition-related items.
• Diluted EPS was $0.40, a 45% decrease sequentially and a 43% decrease year-over-year, also impacted by acquisition-related items.

iRhythm Technologies delivered a strong third quarter in 2025, achieving record quarterly revenue of $192.9 million, a 30.7% increase year-over-year. The company also significantly reduced its net loss and adjusted net loss compared to the previous year, demonstrating improved operational efficiency and profitability. Gross margin expanded to 71.1%, and the company reported record free cash flow generation.

• Revenue for Q3 2025 reached $192.9 million, marking a 30.7% increase compared to Q3 2024.
• Gross margin improved by 230 basis points to 71.1% in Q3 2025, driven by increased volume and operational efficiencies.

Belden Inc. announced record third-quarter results for 2025, with revenues reaching $698 million, a 7% year-over-year increase, and adjusted EPS of $1.97, up 16% year-over-year. The Automation Solutions segment showed particular strength, growing 10% organically, while Smart Infrastructure Solutions saw a slight decline. The company also repurchased $50 million in shares during the quarter, contributing to enhanced shareholder value.

• Record revenues of $698 million, up 7% year-over-year and 4% organically.
• Record adjusted EPS of $1.97, a 16% increase year-over-year.

Shake Shack delivered a robust performance in Q3 2025, achieving a total revenue of $367.4 million, a 15.9% increase year-over-year. The company successfully turned around its operating income to $18.5 million from a loss in the prior year and reported a net income of $13.7 million. Key drivers included strong Shack sales and positive same-Shack sales growth, alongside strategic expansion with 20 new Shacks opened.

• Total revenue reached $367.4 million, marking a 15.9% increase compared to Q3 2024.
• The company achieved an operating income of $18.5 million, a significant improvement from an operating loss of $18.0 million in the same period last year.

Option Care Health delivered a strong third quarter with net revenue increasing by 12.2% year-over-year to $1.435 billion. While net income saw a slight decrease of 3.8%, adjusted diluted EPS grew by 9.8% to $0.45, and adjusted EBITDA increased by 3.4% to $119.5 million, demonstrating balanced growth and operational strength.

• Net revenue increased by 12.2% year-over-year, reaching $1,435.0 million.
• Adjusted diluted earnings per share grew by 9.8% to $0.45.

Despite higher operating income compared to the prior year, LG Display posted a net loss in Q4 2025 driven by foreign exchange losses and elevated interest expenses.

• Revenue for Q4 2025 was KRW 7,200,850,000.
• Net loss for the quarter totaled KRW 351,179,000.

Schneider National's third quarter 2025 results showed an increase in operating revenues to $1.45 billion, up 10% from the previous year, largely due to the acquisition of Cowan Systems. However, income from operations decreased by 18% to $35.3 million, and diluted EPS fell to $0.11 from $0.17 in 2024, primarily due to $16.0 million in claims costs exceeding guidance. Despite a challenging market, the company saw growth in Dedicated Truckload and Intermodal volumes, particularly in Mexico, and improved productivity in Logistics.

• Operating revenues increased by 10% to $1.45 billion, driven by the acquisition of Cowan Systems.
• Income from operations decreased by 18% to $35.3 million, impacted by higher claims costs.

Riot generated 180229000 in total revenue in Q3 2025, up sequentially, with net income of 104000000 and diluted EPS of 0.26. Bitcoin mining revenue reached 160792000 with a 59% gross margin, supported by 1406 BTC produced and significant power curtailment credits.

• Total revenue was 180229000, with 160792000 from bitcoin mining.
• Net income reached 104000000, representing a 58% margin.

Adtalem Global Education delivered an outstanding start to Fiscal Year 2026 with adjusted EPS up 35.7% and revenue up 10.8%, marking its ninth consecutive quarter of enrollment growth. The company maintained a strong financial position with net leverage at 0.6x and robust free cash flow, enabling a disciplined capital allocation strategy.

• Total student enrollment reached 97,359, an increase of 8.0% year-over-year.
• Revenue for the quarter was $462.3 million, up 10.8% compared to the prior year.

SPS Commerce delivered its 99th consecutive quarter of topline growth, with third-quarter revenue increasing by 16% to $189.9 million and recurring revenue growing by 18%. Net income rose to $25.6 million, and non-GAAP diluted EPS reached $1.13. Adjusted EBITDA saw a substantial 25% increase to $60.5 million, demonstrating continued profitable growth despite global trade and economic uncertainties.

• SPS Commerce achieved its 99th consecutive quarter of topline growth, with third-quarter 2025 revenue reaching $189.9 million, a 16% increase year-over-year.
• Recurring revenue demonstrated strong performance, growing by 18% compared to the third quarter of 2024.

OSI Systems commenced fiscal 2026 with record first-quarter revenues of $384.6 million, marking a 12% year-over-year increase, and record non-GAAP diluted EPS of $1.42, up 14% from the prior year. The growth was broad-based across all divisions, contributing to a record backlog. The company also raised its fiscal 2026 revenue and non-GAAP EPS guidance.

• Record Q1 revenues reached $384.6 million, a 12% increase year-over-year.
• Non-GAAP diluted EPS hit a record $1.42, growing 14% compared to the previous year.

Lumen Technologies delivered strong financial results in the third quarter of 2025, with revenue, Adjusted EBITDA, and Free Cash Flow all surpassing expectations. The company also advanced its transformation agenda, including a successful Phase I ERP implementation and progress on the consumer FTTH sale to AT&T. Strategic investments in Private Connectivity Fabric and NaaS are driving momentum, positioning Lumen for sustainable growth in the AI economy.

• Lumen Technologies exceeded revenue, Adjusted EBITDA, and Free Cash Flow expectations for the third quarter of 2025.
• The company successfully completed Phase I of its ERP implementation and made progress on the sale of its consumer FTTH business to AT&T, anticipated to close in early 2026.

Insight Enterprises delivered a mixed performance in Q3 2025, with consolidated net sales decreasing by 4% year-over-year to $2.0 billion. However, the company achieved an 11% increase in Adjusted diluted earnings per share to $2.43 and expanded its gross margin by 100 basis points to a record 21.7%. Operating income remained flat, while net income saw a 12% decline, primarily due to higher interest expenses.

• Consolidated net sales decreased 4% year-over-year to $2.0 billion, with product net sales down 6% and services net sales up 3%.
• Gross profit was flat year-over-year at $434.2 million, but gross margin expanded by 100 basis points to a record 21.7%.

Laureate Education delivered a strong third quarter in 2025, with revenue increasing by 9% to $400.2 million and Adjusted EBITDA growing by 4% to $94.8 million compared to the prior year. Net income, however, decreased significantly to $34.4 million, primarily due to foreign currency exchange effects and a discrete tax benefit recorded in the previous year. The company also increased its full-year 2025 guidance, reflecting favorable enrollment trends and improved foreign currency rates.

• Revenue for Q3 2025 increased by 9% to $400.2 million, with organic constant currency revenue up 4%.
• Adjusted EBITDA for Q3 2025 rose by 4% to $94.8 million, despite being unfavorably affected by academic calendar timing.

Advance Auto Parts delivered its strongest adjusted operating performance in over two years, driven by improvements in both Pro and DIY channels, despite reporting a net loss on a GAAP basis.

• Adjusted EPS reached $0.92, compared to $(0.05) in the prior year.
• Comparable store sales grew 3.0% in the quarter.

PriceSmart delivered a strong performance in the fourth quarter of fiscal year 2025, with total revenues increasing by 8.6% to $1.33 billion and net merchandise sales growing by 9.2% to $1.30 billion. The company also saw an 8.5% rise in net income to $31.5 million, resulting in diluted EPS of $1.02.

• Total revenues for Q4 2025 increased 8.6% to $1.33 billion compared to the prior year.
• Net merchandise sales grew 9.2% to $1.30 billion in Q4 2025.

The Bancorp, Inc. delivered a strong third quarter in 2025, with net income rising to $54.9 million and diluted EPS increasing by 13% to $1.18. This performance was bolstered by a 16% increase in Gross Dollar Volume and significant growth in consumer fintech loans. However, the net interest margin saw a slight decline, and the company adjusted its full-year EPS guidance downwards due to traditional lending and leasing credit provisions.

• Net income for Q3 2025 increased by 7% to $54.9 million, up from $51.5 million in Q3 2024.
• Diluted EPS grew by 13% to $1.18 in Q3 2025, compared to $1.04 in Q3 2024.

CommScope delivered an outstanding third quarter in 2025, with consolidated net sales reaching $1.63 billion, a 50.6% increase year-over-year. Non-GAAP adjusted EBITDA surged by 97.1% to $402.5 million, marking the sixth consecutive quarter of growth. The company also reported strong cash flow generation, ending the quarter with $705.3 million in cash and cash equivalents.

• Consolidated net sales increased by 50.6% year-over-year to $1.63 billion, driven by higher sales across all segments.
• Non-GAAP adjusted EBITDA grew by 97.1% to $402.5 million, with the adjusted EBITDA margin improving to 24.7% from 18.9% in the prior year.

COPT Defense Properties delivered a strong third quarter in 2025, with diluted EPS of $0.37 and FFO per share, as adjusted for comparability, of $0.69, surpassing guidance. The company achieved a 4.6% increase in Same Property Cash NOI and maintained high occupancy and leased rates across its portfolio, particularly within its Defense/IT segment. Leasing activity outperformed expectations, leading to increased full-year guidance for several key metrics.

• Diluted EPS for Q3 2025 was $0.37, and FFO per share, as adjusted for comparability, was $0.69, exceeding the midpoint of guidance by $0.02.
• Same Property Cash NOI increased by 4.6% in Q3 2025 compared to the same period last year, leading to an increased full-year guidance midpoint to 4.0%.

Cushman & Wakefield delivered a robust third quarter in 2025, with total revenue increasing by 11% to $2.6 billion. The company achieved its fourth consecutive quarter of double-digit Capital Markets revenue growth at 21% and saw Services revenue grow by 6%. Net income rose significantly by 53% to $51.4 million, and diluted EPS increased to $0.22. Adjusted EBITDA also grew by 12% to $159.6 million, with an improved margin of 9.0%. The company also continued to strengthen its balance sheet by prepaying an additional $100 million in term loan debt.

• Total revenue for Q3 2025 increased by 11% to $2.6 billion, demonstrating strong overall growth.
• Capital Markets revenue surged by 21%, marking the fourth consecutive quarter of double-digit growth in this segment.

Columbia Sportswear Company experienced a mixed third quarter in 2025. While net sales saw a modest 1% increase to $943.4 million, operating income sharply declined by 40% to $67.4 million, primarily due to $29.0 million in impairment charges related to prAna and Mountain Hardwear. Diluted earnings per share also fell significantly to $0.95 from $1.56 in the prior year, impacted by these same impairment charges.

• Net sales increased by 1% to $943.4 million, remaining flat on a constant-currency basis, compared to the third quarter of 2024.
• Operating income decreased by 40% to $67.4 million, or 7.1% of net sales, largely due to $29.0 million in impairment charges.

Alignment Healthcare delivered an exceptional third quarter, exceeding its own guidance for membership, revenue, adjusted gross profit, and adjusted EBITDA. The company reported significant year-over-year revenue growth of 43.5% and achieved positive net income, reinforcing the strength and scalability of its care model.

• Total revenue reached $993.7 million, marking a substantial 43.5% increase compared to the same period last year.
• The company achieved a net income of $3.7 million, a significant improvement from a loss in the prior year.

PBF Energy Inc. reported a significant turnaround in the third quarter of 2025, achieving net income of $171.7 million and income from operations of $285.9 million, compared to losses in the prior year. This improvement was largely due to substantial gains from insurance recoveries related to the Martinez refinery fire and the sale of terminal assets, alongside favorable market conditions in some regions. However, the company still faced pressures from narrow light-heavy differentials and ongoing limited operations at the Martinez refinery.

• PBF Energy reported a net income of $171.7 million and diluted EPS of $1.45 for Q3 2025, a significant improvement from a net loss of $289.1 million and $(2.49) EPS in Q3 2024.
• Income from operations reached $285.9 million in Q3 2025, reversing a loss of $386.3 million in the same period last year, primarily due to $250.0 million in insurance recoveries and a $94.0 million gain on terminal asset sales.

Amneal Pharmaceuticals delivered a strong third quarter in 2025, with net revenue increasing by 12% to $785 million compared to the previous year. The company achieved a GAAP net income of $2 million and diluted income per share of $0.01. Adjusted EBITDA rose by 1% to $160 million, and adjusted diluted EPS increased by 6% to $0.17, reflecting growth across all segments and strategic product launches.

• Net revenue for Q3 2025 increased by 12% to $785 million, up from $702 million in Q3 2024.
• GAAP Net Income was $2 million, a significant improvement from a net loss of $0.2 million in the prior year's quarter.

LCI Industries delivered a robust third quarter in 2025, with net sales increasing by 13% to $1.0 billion, driven by organic growth in RV OEM and Aftermarket segments. The company achieved a 75% increase in net income to $62 million and a 35% rise in adjusted net income to $48 million, demonstrating sustained margin expansion and effective operational optimization.

• Net sales increased by 13% to $1.0365 billion, primarily due to organic growth in RV OEM and Aftermarket segments.
• Net income surged by 75% to $62.5 million, or $2.55 per diluted share, compared to the prior year.

In Q3 2025, Dream Finders Homes generated total revenue of 1184630000 and net income of 61214000, with diluted EPS of 0.61. Home closings increased year-over-year and active communities expanded, though homebuilding gross margin declined compared to the prior year period.

• Total revenue increased to 1184630000 from 1112824000 year-over-year.
• Net income totaled 61214000 with diluted EPS of 0.61.

DXC Technology delivered Adjusted EBIT margin and Non-GAAP diluted EPS above its guidance and generated very strong free cash flow in the second quarter of fiscal year 2026. Revenue performance remained consistent, and the company is focused on execution and pipeline conversion, while also introducing a strategic game plan for the AI global economy.

• Total revenue for the quarter was $3.16 billion, a decrease of 2.5% year-over-year.
• Diluted earnings per share was $0.20, a decrease of 13.0% year-over-year, while Non-GAAP diluted earnings per share was $0.84.

LXP Industrial Trust reported a strong third quarter in 2025, driven by strategic property sales and increased occupancy. The company's net income attributable to common shareholders saw a significant increase, and it successfully reduced leverage while maintaining stable Adjusted Company FFO.

• Net income attributable to common shareholders surged to $34.6 million, or $0.12 per diluted share, compared to $4.7 million, or $0.02 per diluted share, in Q3 2024.
• Total gross revenues increased to $86.9 million from $85.6 million in the prior year, primarily due to stabilized development projects, rent increases, and acquisitions.

Agios Pharmaceuticals reported a net loss of $103.4 million in Q3 2025, a significant decrease from a net income of $947.9 million in Q3 2024, which was boosted by one-time payments. However, PYRUKYND net product revenue increased by 44% year-over-year to $12.9 million, demonstrating strong commercial performance for its key product. The company also made substantial progress in its clinical pipeline, with key regulatory milestones for PYRUKYND in thalassemia and completed enrollment for a Phase 2b trial of tebapivat in LR-MDS.

• Net product revenue from PYRUKYND reached $12.9 million in Q3 2025, a 44% increase from Q3 2024.
• Agios reported a net loss of $103.4 million for Q3 2025, compared to a net income of $947.9 million in Q3 2024 due to prior year's one-time gains.

Trinity Industries, Inc. delivered a strong third quarter, with diluted EPS of $0.38. The Railcar Leasing and Services segment saw revenue growth of 4.0% year-over-year, driven by higher lease rates and favorable pricing on external repairs, achieving a fleet utilization of 96.8%. The Rail Products segment maintained a solid operating profit margin of 7.1% despite lower deliveries, benefiting from a favorable mix of railcars. The company also generated $21.7 million in gains on lease portfolio sales.

• Diluted EPS from continuing operations was $0.38 per share for the quarter.
• Railcar Leasing and Services segment revenue increased by 4.0% year-over-year, with fleet utilization at 96.8%.

Quaker Houghton delivered strong third quarter 2025 results, with net sales increasing 7% year-over-year to $493.8 million, primarily due to a 3% increase in organic sales volumes and a 5% contribution from acquisitions. Adjusted EBITDA rose 5% to $82.9 million, and non-GAAP earnings per diluted share increased 10% to $2.08.

• Net sales for Q3 2025 reached $493.8 million, marking a 7% increase year-over-year.
• Organic sales volumes grew by 3% year-over-year, largely driven by approximately 5% new business wins globally.

SiriusPoint delivered another successful quarter, achieving a strong operating return on equity of 17.9% and an 11% increase in core underwriting income. The company saw robust gross premiums written growth of 26% for its Core business, marking the sixth consecutive quarter of double-digit growth, primarily driven by its Insurance & Services segment.

• Core combined ratio of 89.1% in Q3 2025, with underwriting income up 11% to $70 million.
• Return on equity of 17.7% and operating return on equity of 17.9% in the quarter, exceeding the 12-15% target range.

Werner Enterprises experienced a challenging third quarter in 2025, with total revenues increasing by 3% to $771.5 million. However, the company reported an operating loss of $13.0 million, a substantial decrease from the prior year's operating income. Diluted loss per share was $0.34, compared to diluted earnings per share of $0.11 in the third quarter of 2024. The results were impacted by a more challenging freight environment, particularly in One-Way Truckload, and significant litigation settlement expenses.

• Total revenues increased by 3% to $771.5 million, driven by a 12% increase in Werner Logistics revenues, partially offset by a 1% decrease in Truckload Transportation Services revenues.
• The company reported an operating loss of $13.0 million, a 174% decrease from the prior year's operating income, primarily due to a $21.4 million litigation settlement and increased insurance and claims expense.

ICF delivered a resilient third quarter in 2025, with total revenue of $465.4 million and GAAP EPS of $1.28. The company achieved significant year-on-year revenue growth from commercial, state & local, and international government clients, particularly in commercial energy. Adjusted EBITDA margin expanded to 11.4%, reflecting effective cost management and a favorable business mix. Contract awards were robust at $714 million, resulting in a book-to-bill ratio of 1.53, despite federal government procurement delays.

• Total revenue for Q3 2025 was $465.4 million, a decrease from the prior year, but with strong growth in non-federal segments.
• GAAP diluted EPS was $1.28, and Non-GAAP diluted EPS was $1.67, inclusive of a negative tax adjustment.

Acadian Asset Management Inc. announced its third quarter 2025 results, with assets under management reaching approximately $166 billion as of September 30, 2025.

• Acadian Asset Management Inc. reported its financial results for the third quarter of 2025.
• The company's assets under management (AUM) stood at approximately $166 billion as of September 30, 2025.

Omnicell delivered robust financial performance in Q3 2025, with total revenues reaching $311 million, a 10% increase year-over-year. The company's GAAP net income was $5 million, and non-GAAP net income was $24 million. Non-GAAP EBITDA also saw an increase to $41 million. The strong results were primarily driven by connected devices and technical services.

• Total revenues for Q3 2025 were $311 million, a 10% increase from Q3 2024.
• GAAP net income for Q3 2025 was $5 million, or $0.12 per diluted share.

Upbound Group, Inc. achieved a consolidated revenue of $1.2 billion, marking a 9.0% year-over-year increase. Acima and Brigit segments demonstrated significant growth, with Acima's revenue up 10.4% and Brigit's revenue up 40.2%. Rent-A-Center showed signs of stabilization with an improved same-store sales decline. The company also generated strong cash flow from operating activities and tightened its non-GAAP diluted EPS guidance for FY 2025.

• Consolidated revenue grew 9.0% year-over-year to $1.2 billion.
• Acima segment achieved its eighth consecutive quarter of GMV and revenue growth, with revenue up 10.4% year-over-year.

Ardelyx delivered strong third-quarter results, with total revenue reaching $110.3 million, driven primarily by a 92% year-over-year increase in IBSRELA revenue to $78.2 million. XPHOZAH also showed consistent growth, contributing $27.4 million. The company reported a net loss of $1.0 million and announced a new pipeline program for RDX10531, a next-generation NHE3 inhibitor.

• Total revenue for Q3 2025 was $110.3 million, an increase from $98.2 million in Q3 2024.
• IBSRELA revenue grew by 92% year-over-year to $78.2 million, with full-year 2025 guidance raised to $270-275 million.

Charles River Associates delivered a strong third quarter in fiscal 2025, with revenue increasing by 10.8% year over year to $185.9 million. The growth was broad-based across seven of eleven practices and both North American and international operations. Net income saw a slight increase of 0.3% to $11.5 million, while non-GAAP net income and non-GAAP EBITDA demonstrated more robust growth of 12.7% and 14.6% respectively. The company also raised its full-year fiscal 2025 revenue guidance and increased the lower end of its profit guidance.

• Revenue increased by 10.8% year over year, reaching $185.9 million.
• Non-GAAP net income grew by 12.7% to $13.7 million, and non-GAAP EBITDA increased by 14.6% to $24.4 million.

ConnectOne Bancorp delivered a robust performance in the third quarter of 2025, with net income available to common stockholders reaching $39.5 million and diluted EPS of $0.78. This significant improvement was largely attributed to a $30.2 million reduction in the provision for credit losses, a $23.1 million increase in net interest income, and a $14.2 million increase in noninterest income, partially offset by increased income tax expense. The company's net interest margin expanded to 3.11%, and credit quality remained solid with nonperforming assets at 0.28%.

• Net income available to common stockholders increased to $39.5 million, a substantial rise from $(21.8) million in the previous quarter and $15.7 million year-over-year.
• Diluted earnings per share (EPS) reached $0.78, compared to $(0.52) in Q2 2025 and $0.41 in Q3 2024, benefiting from merger-related adjustments and non-recurring items.

Utz Brands delivered a strong third quarter, achieving a 3.4% increase in Net Sales to $377.8 million and a 9.5% rise in Adjusted Earnings Per Share to $0.23. The company's Branded Salty Snacks segment was a key driver, with organic net sales growth of 5.8%. Utz also announced a strategic expansion into California, acquiring distribution assets to accelerate market penetration in the nation's largest salty snack market.

• Net Sales increased by 3.4% to $377.8 million, demonstrating continued top-line growth.
• Adjusted Earnings Per Share rose by 9.5% to $0.23, reflecting improved profitability.

RPC, Inc. reported a strong third quarter in 2025, with revenues increasing by 6% sequentially to $447.1 million. Net income and diluted EPS also saw sequential improvements, reaching $13.0 million and $0.06, respectively. The company experienced broad-based revenue increases across most service lines, particularly in pressure pumping, coiled tubing, and downhole tools.

• Revenues increased by 6% sequentially to $447.1 million in Q3 2025.
• Net income rose to $13.0 million, and diluted EPS improved to $0.06.

Employers Holdings, Inc. experienced a challenging third quarter in 2025, reporting a net loss of $8.3 million and an adjusted net loss of $25.5 million, primarily due to a significant increase in the loss and loss adjustment expense ratio following an off-cycle loss reserve review. Despite these losses, the company saw growth in gross premiums written and net premiums earned, and achieved a record number of ending policies in-force, demonstrating underlying business expansion.

• The company reported a net loss of $8.3 million and an adjusted net loss of $25.5 million for the quarter.
• Gross premiums written increased by 1% to $183.9 million, and net premiums earned increased by 3% to $192.1 million.

Integra LifeSciences delivered a strong third quarter in 2025 with total revenues of $402.1 million, marking a 5.6% increase year-over-year. The company achieved significant profitability improvements, with adjusted EPS rising to $0.54 from $0.41 in the prior year, and adjusted EBITDA reaching $78.5 million. Despite some supply interruptions, demand remained healthy across its portfolio, and strategic initiatives to strengthen the supply chain and quality management system are progressing.

• Total revenues for Q3 2025 reached $402.1 million, an increase of 5.6% on a reported basis compared to the prior year.
• GAAP earnings per diluted share improved to $(0.07) from $(0.14) in the prior year, while adjusted earnings per diluted share increased to $0.54 from $0.41.

First Mid Bancshares, Inc. delivered a strong third quarter in 2025, with net income reaching $22.5 million and diluted EPS of $0.94. The company saw significant growth in net interest income, loans, and deposits, alongside strategic initiatives like a core operating system conversion and branch optimization. Adjusted net income and EPS also showed positive trends.

• Net income for the quarter was $22.5 million, with diluted EPS of $0.94.
• Adjusted quarterly net income was $23.3 million, or $0.97 diluted EPS.

BJ's Restaurants, Inc. achieved its fifth consecutive quarter of sales and traffic growth, alongside its fourth consecutive quarter of profit expansion. The company reported a 1.4% increase in total revenues to $330.2 million and a 0.5% increase in comparable restaurant sales. Diluted net income per share improved to $0.02 from a loss of $0.13 in the prior year, with adjusted diluted net income per share at $0.04.

• Total revenues increased by 1.4% to $330.2 million compared to the third quarter of 2024.
• Comparable restaurant sales saw a 0.5% increase, marking the fifth consecutive quarter of sales growth.

FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $118.35 million for the third quarter of 2025, with a basic and diluted loss per share of $1.38. Despite the net loss, the company achieved a substantial increase in Adjusted EBITDA, reaching $70.93 million, up 54% from the previous quarter. Key business highlights included the acquisition of the Wheeling & Lake Erie Railway and the commencement of West Virginia gas production.

• Net loss attributable to stockholders was $118.35 million for Q3 2025.
• Basic and diluted loss per share of common stock was $1.38.

NPK International Inc. delivered robust third-quarter 2025 results, with revenues increasing 56% year-over-year to $68.8 million, driven by sustained demand in the power transmission market. The company achieved an operating income of $9.1 million and a net income of $6.1 million, with strong Adjusted EBITDA and Free Cash Flow generation.

• Revenues surged by 56% year-over-year to $68.8 million, primarily due to strong demand in the power transmission market.
• Operating income from continuing operations reached $9.1 million, representing a 13.2% operating margin.

LendingTree delivered its sixth consecutive quarter of year-over-year revenue growth, with consolidated revenue reaching $307.8 million, an 18% increase from the prior year. The company achieved GAAP net income of $10.2 million and adjusted EBITDA of $39.8 million, demonstrating strong operational performance across its Home, Consumer, and Insurance segments.

• Consolidated revenue for Q3 2025 was $307.8 million, an 18% increase year-over-year.
• GAAP net income reached $10.2 million, or $0.73 per diluted share, a significant improvement from a net loss in the prior year.

Malibu Boats delivered strong first-quarter results, exceeding expectations with increased net sales and adjusted EBITDA, despite a challenging market. The company prioritized dealer health and maintained disciplined execution, keeping channel inventories aligned. Growth was primarily driven by the Malibu segment, favorable model mix in Cobalt, and inflation-driven price increases.

• Net sales increased by 13.5% to $194.7 million, primarily due to higher unit volumes in the Malibu segment and favorable model mix in Cobalt.
• Adjusted EBITDA rose by 19.1% to $11.8 million, with the Adjusted EBITDA margin improving to 6.1%.

Thryv Holdings, Inc. delivered a strong third quarter in 2025, marked by a 33% year-over-year increase in SaaS revenue to $115.9 million and a consolidated total revenue of $201.6 million, up 12% year-over-year. The company achieved a consolidated net income of $5.7 million, a significant improvement from a net loss in the prior year, and exceeded its SaaS Adjusted EBITDA guidance, demonstrating effective execution of its strategy to increase customer spend.

• SaaS revenue grew by 33% year-over-year, reaching $115.9 million.
• Consolidated total revenue increased by 12% year-over-year to $201.6 million.

Gannett Co., Inc. reported total revenues of $560.8 million and a net loss attributable to Gannett of $39.2 million for the third quarter of 2025. The company achieved a significant milestone with total debt falling below $1.0 billion and announced a new AI licensing agreement with Microsoft. Despite a decrease in total revenues compared to the previous year, the company is optimistic about strong digital revenue growth in the fourth quarter.

• Total revenues for Q3 2025 were $560.8 million, an 8.4% decrease from Q3 2024.
• Net loss attributable to Gannett was $39.2 million, compared to a net loss of $19.7 million in Q3 2024.

Myers Industries announced encouraging third quarter 2025 results with a 5.3% increase in gross profit and a substantial improvement in free cash flow, reaching $21.5 million compared to $10.1 million in the prior year. The company achieved growth in gross profit due to favorable product mix and is on track to deliver $20 million in annualized cost savings by the end of 2025. Net sales saw a slight increase of 0.2% year-over-year, reaching $205.4 million.

• Gross profit increased by 5.3% to $68.57 million, driven by favorable product mix and cost productivity.
• Free cash flow significantly improved to $21.5 million, up $11.4 million from the third quarter of 2024, primarily due to improvements in working capital.

OneSpan delivered a solid third quarter in 2025, with total revenue increasing by 1% year-over-year to $57.1 million. The company's software business, which now constitutes over 80% of its operations, drove a 12% increase in subscription revenue and a 10% rise in Annual Recurring Revenue (ARR). Despite a decrease in operating income, adjusted EBITDA saw a 3% increase, and the company maintained strong profitability and cash generation.

• Total revenue for Q3 2025 increased by 1% year-over-year to $57.1 million.
• Subscription revenue grew by 12% year-over-year, reaching $37.8 million.

Bicycle Therapeutics reported a net loss of $59.1 million for Q3 2025, an increase from $50.8 million in Q3 2024. Despite the increased loss, the company maintained a strong cash position of $648.3 million, providing a financial runway into 2028. The company also made significant progress in its clinical trials, particularly with zelenectide pevedotin, and strengthened its leadership team.

• Net loss for Q3 2025 was $59.1 million, compared to $50.8 million in Q3 2024.
• Cash and cash equivalents stood at $648.3 million as of September 30, 2025, excluding a $38.2 million R&D tax credit received in October 2025, providing a financial runway into 2028.

Wabash National experienced a challenging third quarter in 2025, with total revenue of $381.6 million, a 17.8% decrease year-over-year, primarily due to softer demand in the Truck Body business. The company reported GAAP EPS of $0.97 and a Non-GAAP adjusted EPS of $(0.51), missing expectations. Despite these challenges, the Parts & Services segment showed positive revenue growth both sequentially and year-over-year.

• Third quarter 2025 revenue was $381.6 million, a 17.8% decrease compared to the same quarter last year, falling below guidance.
• GAAP diluted EPS was $0.97, while Non-GAAP adjusted EPS was $(0.51), missing expectations due to revenue shortfalls and operational inefficiencies.

Owens & Minor reported a net loss of $150.28 million for the third quarter of 2025, a significant increase from a net loss of $12.77 million in the prior year. Revenue from continuing operations increased slightly to $697.3 million, up from $686.8 million in Q3 2024. The company's GAAP EPS from continuing operations was a loss of $0.07, while non-GAAP adjusted EPS from continuing operations was $0.25. The company is strategically reshaping its organization around its Patient Direct platform, focusing on long-term growth opportunities within home-based care.

• Net loss significantly widened to $150.28 million in Q3 2025 from $12.77 million in Q3 2024, primarily due to a large loss from discontinued operations.
• Revenue from continuing operations saw a modest increase of 1.5% year-over-year, reaching $697.3 million.

Bandwidth reported strong third-quarter 2025 financial results, exceeding revenue and profitability guidance. The company achieved $191.895 million in revenue and a non-GAAP gross margin of 58%. Despite a GAAP net loss of $1.241 million, Adjusted EBITDA reached $24.330 million. The company highlighted significant customer wins and advancements in its AI and software strategy, leading to an increased full-year Adjusted EBITDA outlook.

• Revenue for Q3 2025 was $191.895 million, slightly down from $193.883 million in Q3 2024.
• Non-GAAP Gross Margin remained strong at 58% for Q3 2025, consistent with the previous year.

Talkspace delivered a robust third quarter in 2025, achieving record quarterly revenue of $59.4 million, a 25% increase year-over-year. This growth was primarily fueled by a 42% surge in Payor revenue. The company also reported a net income of $3.3 million and an adjusted EBITDA of $5.0 million, demonstrating strong profitability improvements.

• Total revenue increased by 25% year-over-year to $59.4 million, setting a new quarterly record.
• Payor revenue grew significantly by 42% year-over-year, driving overall revenue expansion.

Midland States Bancorp, Inc. reported a net income of $5.3 million, or $0.24 per diluted share, for the third quarter of 2025. This represents a significant decline from $9.8 million, or $0.44 per diluted share, in the second quarter of 2025, and $18.2 million, or $0.83 per diluted share, in the third quarter of 2024. The decrease was largely attributed to a $15 million provision for credit losses in the equipment finance portfolio, reflecting increased loss given default assumptions. Despite the financial setback, the company made progress on strategic initiatives, including reducing nonperforming assets and improving its capital position, while also seeing positive revenue trends from an expanded net interest margin and strong wealth management performance.

• Net income available to common shareholders decreased to $5.3 million, or $0.24 per diluted share, in Q3 2025, down from $9.8 million in Q2 2025 and $18.2 million in Q3 2024.
• Provision for credit losses on loans increased to $20.5 million, primarily due to higher loss given default assumptions in the equipment finance portfolio.

Ranpak Holdings Corp. delivered a strong third quarter in 2025, with net revenue increasing 8.0% year-over-year to $99.6 million, primarily fueled by a 63.0% surge in automation net revenue and sustained growth in North American e-commerce. Adjusted EBITDA also rose by 8.1% to $21.4 million, reflecting top-line leverage and disciplined cost management. However, the company reported a net loss of $10.4 million, an increase from the prior year.

• Net revenue for Q3 2025 increased by 8.0% year-over-year to $99.6 million, or 4.4% on a constant currency basis.
• Adjusted EBITDA for the quarter grew 8.1% year-over-year to $21.4 million, or 3.5% on a constant currency basis.

ACCO Brands reported third quarter 2025 financial results, with net sales of $383.7 million, an 8.8% decrease from the prior year, primarily due to softer global demand. Despite the sales decline, the company expanded its gross margin by 50 basis points and achieved adjusted EPS of $0.21, meeting its outlook. Operating income was $26.0 million, slightly down from $26.3 million in the prior year, while net income was $4.0 million. The company continues to execute its cost reduction program, which has yielded over $50 million in savings.

• Net sales for the third quarter were $383.7 million, an 8.8% decrease from $420.9 million in the prior year, primarily due to softer global demand.
• Gross margin expanded by 50 basis points, and selling, general and administrative expenses were down compared to the prior year.

El Pollo Loco reported a slight increase in total revenue to $121.5 million for Q3 2025, up from $120.4 million in the prior year. Net income rose to $7.4 million, or $0.25 per diluted share, compared to $6.2 million, or $0.21 per diluted share, in Q3 2024. The company achieved margin expansion at both the restaurant and corporate levels, driven by operational efficiencies and higher menu prices, and continued unit growth with the opening of its 500th restaurant.

• Total revenue increased to $121.5 million in Q3 2025 from $120.4 million in Q3 2024.
• Net income grew to $7.4 million ($0.25 per diluted share) in Q3 2025, up from $6.2 million ($0.21 per diluted share) in Q3 2024.

Marine Products Corporation experienced an increase in net sales and gross profit in the third quarter of 2025 compared to the prior year, driven by price/mix increases and improved manufacturing cost absorption. However, net income, diluted EPS, and EBITDA declined due to higher selling, general and administrative expenses, including increased R&D investments and warranty costs.

• Net sales increased by 7% to $53.1 million, primarily due to a 7% price/mix increase.
• Gross profit rose by 11% to $10.2 million, with gross margin improving by 80 basis points to 19.2%.

Forum Energy Technologies delivered a strong third quarter, with revenue of $196 million and adjusted EBITDA of $23 million, up 13% sequentially. Despite a GAAP net loss of $21 million, adjusted net income was $3 million. The company achieved a 122% book-to-bill ratio, leading to its highest backlog in over ten years, and significantly exceeded free cash flow expectations, prompting an increase in full-year 2025 guidance.

• Revenue for the third quarter was $196 million, a 2% sequential decrease, but at the high end of guidance.
• The company reported a GAAP net loss of $21 million, or $1.76 per diluted share, but an adjusted net income of $3 million, or $0.27 per diluted share.

Asure Software, Inc. announced a strong third quarter for 2025, with total revenues increasing by 24% to $36.3 million. Recurring revenues also saw an 11% increase from the prior year. The company reported a net loss of $5.4 million, but showed significant improvements in EBITDA and Adjusted EBITDA, indicating better operational performance.

• Total revenues for Q3 2025 increased by 24% year-over-year, reaching $36.3 million.
• Recurring revenues grew by 11% from the prior year, totaling $31.8 million.

RE/MAX Holdings, Inc. experienced a decline in total revenue and U.S. and Canada agent count in Q3 2025, but saw an increase in total agent count driven by international growth. The company's profitability and margin performance exceeded expectations, with Adjusted EBITDA decreasing slightly but Adjusted EBITDA margin improving.

• Total Revenue decreased by 6.7% to $73.3 million compared to Q3 2024.
• Net income attributable to RE/MAX Holdings, Inc. increased significantly to $4.0 million, resulting in a GAAP EPS of $0.19.

Silvercrest posted modest revenue growth in Q3 2025, but net income declined due to higher compensation and strategic investment costs. AUM reached a record high of $37.6 billion, positioning the firm for future revenue gains.

• Revenue grew to $31.3 million, driven by market appreciation.
• Net income fell to $1.1 million due to increased compensation and investment in growth.