Reports

Palantir delivered a standout quarter, achieving $1.18 billion in revenue and $476 million in net income. The company saw remarkable growth in U.S. commercial revenue and reported a Rule of 40 score of 114%, highlighting its operational efficiency and growth. Forward guidance was raised across the board, exceeding consensus expectations.

• Palantir generated $1.18B in Q3 revenue, growing 63% YoY.
• U.S. commercial revenue soared 121% YoY, reaching $397M.

Vertex delivered solid earnings in Q3 2025, with net income surpassing $1 billion and revenue growing 11% YoY. The company saw early momentum from JOURNAVX and CASGEVY while maintaining leadership in cystic fibrosis treatments.

• Total revenue reached $3.08 billion, up from $2.77 billion in Q3 2024.
• Net income grew to $1.08 billion on strong CF drug demand and launch contributions.

Williams posted a solid quarter, with $646 million in net income and continued growth in adjusted EBITDA. The company benefited from increased service revenues and strategic project deployments across multiple regions.

• Adjusted EBITDA rose to $1.92 billion, driven by expansion projects and higher gas volumes.
• Net income reached $646 million for the quarter.

Simon Property Group posted a solid Q3 2025, with increases in EPS, FFO, occupancy, and retail sales per square foot. The company also completed its acquisition of the remaining interest in Taubman Realty Group.

• Net income rose to $606.2M, up from $475.2M last year.
• FFO per diluted share increased to $3.25.

Realty Income delivered steady Q3 results with strong investment volume and net income. The company raised AFFO guidance and maintained high occupancy and rent recapture rates.

• Revenue reached $1.4706 billion, reflecting strong rental activity.
• Net income available to common stockholders totaled $315.8 million.

IDEXX Laboratories posted a robust Q3 2025, achieving double-digit growth in revenue, earnings, and operating income, driven by strong performance in CAG Diagnostics and significant placements of inVue Dx instruments.

• Revenue reached $1.105 billion, driven by 13% reported growth.
• EPS was $3.40, with adjusted EPS at $3.22.

PSEG delivered solid Q3 2025 performance, with notable increases in net income and adjusted EPS. Results were supported by the impact of new electric and gas rates, continued investment in New Jersey’s energy infrastructure, and reliable output from its nuclear fleet.

• Net income rose to $622 million, up from $520 million last year.
• Adjusted EPS reached $1.13, driven by higher electric and gas rates and transmission margins.

Ares Management delivered a robust Q3 2025 performance, driven by $30.9B in fundraising, a significant rise in AUM and FPAUM, and continued deployment across investment strategies.

• Raised $30.9B in new capital during the quarter
• Total AUM reached $595.7B, up 28% YoY

Kenvue delivered Q3 2025 results marked by a 3.5% drop in net sales and a 4.4% decline in organic sales. Despite volume challenges, the company held margins steady through cost efficiencies. Net income rose slightly, while adjusted EPS remained flat year-over-year.

• Net sales were $3.76 billion, down 3.5% year-over-year
• Organic sales declined 4.4%, driven by a 4.0% drop in volume

Franco-Nevada reported record quarterly results for Q3 2025, with revenue up 77% year-over-year to $487.7 million. Net income reached $287.5 million and Adjusted EBITDA rose to $427.3 million. The company remained debt-free and saw 85% of revenue come from precious metals, primarily gold. The strong performance was supported by higher commodity prices, portfolio additions, and the sale of copper concentrate from Cobre Panama.

• Revenue reached a record $487.7 million, up 77% from Q3 2024.
• Adjusted Net Income rose to $275.0 million ($1.43 per share).

BioNTech posted €1.52 billion in revenue for Q3 2025, driven by partnership-related income, but reported a net loss of €28.7 million as R&D and other operating costs rose.

• Revenue increased to €1.52 billion, primarily from BMS collaboration payments.
• Reported a net loss of €28.7 million versus a profit in Q3 2024.

SBA Communications Corporation delivered a positive third quarter in 2025, with strong financial and operating results driven by continued carrier investment in network expansion and densification. The company reported a net income of $240.4 million and an industry-leading AFFO per share of $3.30. Strategic activities included closing the remaining Millicom sites, selling Canadian towers, and repurchasing shares, alongside signing a new long-term master lease agreement with Verizon.

• Net income for the third quarter of 2025 was $240.4 million, or $2.20 per share.
• Adjusted Funds From Operations (AFFO) per share reached $3.30, demonstrating industry-leading performance.

Loews Corporation delivered a solid Q3 2025 with $504 million in net income and $2.43 EPS. CNA and Boardwalk Pipelines led performance, while Loews Hotels narrowed its losses. Share repurchases and increased book value per share also highlighted the quarter.

• Net income rose to $504 million, up from $401 million last year
• EPS reached $2.43 per share

onsemi delivered a strong Q3 2025 performance with $1.55B in revenue and $255M in net income. Free cash flow rose to 24% of revenue, driven by operational efficiency and stabilization in core markets.

• Revenue reached $1.55 billion in Q3 2025.
• GAAP EPS came in at $0.63; non-GAAP EPS matched at $0.63.

Corebridge Financial delivered a strong third quarter in 2025, achieving net income of $144 million and operating EPS of $0.96. The company reported its highest premiums and deposits in recent history at $12.3 billion and returned $509 million to shareholders, demonstrating robust financial health and strategic execution.

• Net income reached $144 million, a significant improvement from a loss in the prior year, driven by lower realized losses and foreign exchange gains.
• Premiums and deposits surged to $12.3 billion, marking the highest in recent history and a 34% increase year-over-year.

Coterra Energy delivered robust third-quarter 2025 results, with total equivalent, natural gas, and oil production volumes all exceeding the mid-point of guidance. The company reported a net income of $322 million and adjusted net income of $312 million, while incurring capital expenditures of $658 million. Coterra also declared a quarterly dividend of $0.22 per share and continued its focus on debt reduction.

• Total BOE, natural gas, and oil production volumes for Q3 2025 were near the high end of guidance ranges, beating mid-points by approximately 2.5%.
• Net Income (GAAP) for Q3 2025 was $322 million, with Adjusted Net Income (non-GAAP) at $312 million.

BWX Technologies delivered a solid third quarter marked by 29% revenue growth, record backlog, and robust free cash flow, underpinned by strong performance across its nuclear operations.

• Revenue reached $866.3M, a 29% increase from Q3 2024
• Adjusted EPS rose to $1.00 from $0.83 last year

Clorox experienced a 19% drop in net sales and a 54% decline in adjusted EPS in Q1 FY26, primarily due to lower shipments as retailers drew down inventories built ahead of the ERP system transition. Despite the temporary setback, the company emphasized that the majority of the ERP rollout is complete, positioning it for improved performance in the second half of the fiscal year.

• Net sales fell 19% to $1.43 billion due to lower shipment volume tied to the ERP transition.
• Adjusted EPS declined significantly to $0.85 from $1.86 in the prior year.

Hologic delivered a robust performance in the fourth quarter of fiscal 2025, with total revenue reaching $1,049.5 million, marking a 6.2% increase year-over-year. Both GAAP and non-GAAP diluted EPS saw significant growth, rising by 9.2% and 11.9% respectively. The company also generated strong cash flow from operations and maintained a healthy financial position.

• Revenue for Q4 2025 increased by 6.2% to $1,049.5 million, demonstrating solid top-line growth.
• GAAP diluted EPS grew by 9.2% to $0.83, and non-GAAP diluted EPS increased by 11.9% to $1.13, reflecting improved profitability.

Unum Group reported a substantial decrease in net income for the third quarter of 2025, primarily due to a significant after-tax net reserve increase related to assumption updates. Despite this, core operations showed strength with premium growth and a robust adjusted operating return on equity. The company maintained a strong balance sheet and continued to return capital to shareholders.

• Net income for Q3 2025 was $39.7 million ($0.23 per diluted common share), a significant decrease from $645.7 million in Q3 2024.
• After-tax adjusted operating income was $357.1 million ($2.09 per diluted common share), down from $398.0 million in Q3 2024.

Fabrinet delivered a record-setting first quarter driven by strong telecom performance, early contributions from High-Performance Computing, and resilient datacom results. EPS and revenue surpassed expectations.

• Revenue reached a record $978.1 million, above the company's guidance range.
• GAAP EPS was $2.66 and Non-GAAP EPS was $2.92, both above expectations.

Pinnacle West delivered solid financial performance in Q3 2025, with increases in revenue and net income driven by strong customer growth, higher energy demand, and effective cost management.

• Net income rose to $413.2 million, compared to $395.0 million a year ago.
• Revenue increased to $1.82 billion, up from $1.77 billion in Q3 2024.

Exact Sciences delivered a strong third quarter in 2025, achieving record total revenue of $851 million, a 20% increase year-over-year. The company also reported a significant improvement in net loss and a substantial increase in adjusted EBITDA and free cash flow. Key to their growth was the performance of their Screening and Precision Oncology segments, alongside the launch of their new multi-cancer early detection test, Cancerguard.

• Record total third quarter revenue of $851 million, marking a 20% increase year-over-year.
• Net loss improved by $19 million to $20 million, or $0.10 per share.

Lattice delivered solid financial results for Q3 2025, posting higher revenue and strong adjusted EPS. The company achieved record revenue in its Communications and Computing segment, and maintained healthy profitability metrics while continuing to invest in strategic initiatives.

• Revenue reached $133,349,000, showing growth both QoQ and YoY.
• Adjusted EPS increased to $0.28 from $0.24 last quarter.

The Ensign Group, Inc. achieved a record third quarter in 2025, reporting GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $1.64. The company saw significant increases in same-store and transitioning facility occupancy, reaching all-time highs of 83.0% and 84.4% respectively. This growth was attributed to capturing market share through clinical performance and an increasing demand for medically complex patient care, including Medicare and managed care patients. The company also raised its full-year 2025 earnings and revenue guidance, reflecting strong current quarter growth and successful acquisition strategies.

• Record third quarter performance with GAAP diluted EPS of $1.42 and adjusted EPS of $1.64.
• Same-facility occupancy increased to an all-time high of 83.0%, and transitioning facility occupancy reached 84.4%.

Qorvo exceeded expectations in Q2 2026 with $1.06 billion in revenue and notable improvements in both GAAP and non-GAAP profitability. The company saw strong momentum in ACG and HPA segments and expanded margins through improved product mix and cost efficiency.

• Revenue reached $1.06B, slightly above prior year levels.
• Non-GAAP EPS rose to $2.22, exceeding expectations.

Vornado Realty Trust saw a rebound in Q3 2025, posting positive net income and higher funds from operations driven by leasing activity, the NYU lease, and asset dispositions.

• Returned to profitability with $11.6M in net income, up from a loss last year
• Adjusted EPS came in at $0.57 per share

Halozyme achieved record revenue and net income in Q3 2025, supported by significant royalty revenue growth and contributions from ENHANZE-enabled products.

• Total revenue reached $354.3 million, driven by $236 million in royalty revenue.
• GAAP diluted EPS was $1.43, while non-GAAP EPS reached $1.72.

JBT Marel Corporation delivered strong third-quarter 2025 results, surpassing revenue and margin expectations due to higher book and ship revenue, improved backlog conversion, and accelerated synergy savings. The company achieved $1.0 billion in revenue, $67 million in net income, and $171 million in adjusted EBITDA, leading to a raised full-year 2025 guidance.

• Achieved quarterly orders of $946 million and a quarter-ending backlog of $1.3 billion, indicating strong demand.
• Reported total revenue of $1.0 billion, with 49% generated from recurring revenue, highlighting a stable revenue base.

Eastman Chemical reported a decrease in sales revenue and EBIT in the third quarter of 2025, primarily due to lower sales volume/mix across all segments and reduced asset utilization. Despite these headwinds, the company delivered strong operating cash flow and made significant progress on inventory reduction, while maintaining stable prices in specialty businesses.

• Sales revenue decreased by 11% to $2,202 million, driven by lower sales volume/mix and selling prices.
• Adjusted EBIT was $210 million, down from $366 million in the prior-year quarter.

Sanmina delivered strong results for the fourth quarter of fiscal year 2025, meeting or exceeding its outlook with revenue of $2.1 billion and non-GAAP diluted EPS of $1.67. The company's performance was bolstered by robust demand in Communications Networks and Cloud and AI Infrastructure, coupled with effective execution and cost management. For the full fiscal year, revenue increased by 7.4%, non-GAAP operating margin expanded, and non-GAAP diluted EPS grew by 14.4%.

• Fourth-quarter revenue reached $2.1 billion, demonstrating strong performance.
• Non-GAAP diluted EPS for Q4 was $1.67, exceeding expectations.

Air Lease delivered a strong Q3 2025, growing revenues to $725.4 million and net income to $135.4 million, supported by insurance recoveries and a larger fleet.

• Revenue rose to $725,400,000, primarily from rental of flight equipment.
• Net income attributable to common stockholders was $135,374,000 with EPS of $1.21.

Affiliated Managers Group (AMG) delivered a solid Q3 2025 with significant growth in net income and adjusted EBITDA, propelled by $9 billion in net inflows and performance from alternative investments.

• Net income attributable to controlling interest was $212.4 million, up from $123.6 million last year.
• EPS rose to $6.87, and economic EPS reached $6.10, a 27% increase YoY.

Primoris Services Corporation achieved record revenue and earnings in the third quarter of 2025, driven by strong growth in its Energy and Utilities segments. The company reported a 32.1% increase in revenue and a 62% increase in net income compared to the prior year, leading to raised full-year guidance for net income, EPS, and Adjusted EBITDA.

• Revenue increased by 32.1% to $2,178.4 million, primarily due to strong performance in the Energy and Utilities segments.
• Net income rose by 62% to $94.6 million, with diluted EPS reaching $1.73, up from $1.07 in the prior year.

Ryman Hospitality posted strong Q3 revenue led by its Hospitality segment, though net income declined year-over-year due to macroeconomic headwinds and increased cancellations. Entertainment segment grew revenue but faced margin pressure. Guidance midpoint was slightly lowered.

• Total revenue for Q3 2025 was $592.5 million, with Hospitality contributing $500.9 million.
• Net income fell to $34.0 million from $60.4 million a year ago, reflecting lower group demand and higher cancellations.

Super Group delivered a strong quarter with revenue reaching $556.9 million and profit of $95.8 million, supported by growth across Africa, Europe, and North America. Adjusted EBITDA rose 65% year-over-year, and the company raised its full-year revenue and EBITDA guidance.

• Q3 2025 revenue was $556.9 million, up 26% YoY, driven by Africa, Europe, and North America.
• Net income rose to $95.8 million, a significant increase from $10.3 million in Q3 2024.

Ormat Technologies delivered a strong third quarter, with revenue increasing by 17.9% to $225.9 million, operating income up 13.3% to $59.8 million, and net income attributable to stockholders growing by 9.3% to $34.1 million. The Energy Storage and Product segments were key drivers, showing significant revenue growth of 108.1% and 66.6% respectively, alongside margin improvements. The Electricity segment also benefited from portfolio expansion, offsetting some negative impacts from storm-related grid failures and lower energy rates in Hawaii.

• Total revenue increased by 17.9% to $225.9 million, demonstrating strong overall growth.
• The Energy Storage segment's revenue surged by 108.1%, benefiting from new facilities coming online.

Axsome Therapeutics delivered solid revenue growth in Q3 2025, primarily fueled by its leading CNS products AUVELITY and SUNOSI. Despite a reported net loss, the company saw sequential improvements in revenue and reduced losses year-over-year.

• Total revenue rose to $171.0 million, a 63% YoY increase.
• AUVELITY revenue reached $136.1 million with strong prescription growth.

Hess Midstream delivered a solid quarter with $420.9 million in revenue, $97.7 million in net income, and improved throughput across all systems. Strategic repurchases and distribution increases highlighted capital return priorities.

• Revenue reached $420.9 million, driven by higher physical volumes and tariff rates.
• Net income attributable to Hess Midstream LP was $97.7 million, with EPS of $0.75.

Comstock Resources reported Q3 2025 net income of $118 million with improved margins due to rising gas prices and continued focus on operational efficiency.

• Reported net income of $118 million and adjusted net income of $28 million
• Adjusted EBITDAX reached $249 million and operating cash flow was $190 million

Bruker reported a modest decline in revenue and a GAAP net loss for Q3 2025, driven by earlier market weakness and impairment charges, though non-GAAP earnings exceeded expectations.

• Revenue for Q3 2025 declined to $860.5M, down slightly year-over-year.
• GAAP diluted EPS was $(0.41), while non-GAAP EPS came in at $0.45.

ONE Gas delivered a strong third quarter in 2025, with net income increasing to $26.5 million, up from $19.3 million in the prior year, and diluted EPS rising to $0.44 from $0.34. This performance was driven by new rates and customer growth in Oklahoma and Texas, partially offset by increased operating expenses. The company narrowed its full-year 2025 diluted EPS guidance to $4.34 to $4.40, reflecting confidence in its operational efficiency and strategic execution.

• Third quarter 2025 net income increased to $26.5 million, or $0.44 per diluted share, compared to $19.3 million, or $0.34 per diluted share, in the third quarter 2024.
• Operating income for the third quarter was $65.4 million, an increase from $59.5 million in the same period last year, primarily due to new rates and residential customer growth.

TG Therapeutics posted a sharp increase in revenue and net income in Q3 2025, driven by strong sales of BRIUMVI and a one-time tax benefit. Operating income more than doubled year-over-year as revenue expanded and costs rose at a slower pace.

• BRIUMVI U.S. net sales reached $152.9M in Q3 2025
• EPS surged to $2.43 driven by a one-time $365M tax benefit

Vertex delivered double-digit revenue growth and improved operating metrics in Q3 2025, driven by strong demand for cloud-based tax solutions and disciplined cost management. The company also announced a $150M share repurchase program.

• Total revenue grew 12.7% year-over-year to $192.1M.
• Cloud revenue surged 29.6% year-over-year to $92.0M.

Cabot delivered solid Q4 2025 performance with $899 million in revenue and strong adjusted earnings of $1.70 per share, driven by cost controls and stable segment results despite lower volumes.

• Q4 EPS was $0.79 and adjusted EPS was $1.70, down 6% year-over-year
• Reinforcement Materials EBIT was $119 million, down $4 million YoY due to lower volumes

Krystal Biotech delivered solid financial results for Q3 2025, driven by continued VYJUVEK revenue growth and expanded international reach. Net income more than doubled compared to the previous year, and the company ended the quarter with a robust cash position.

• Generated $97.8 million in product revenue from VYJUVEK in Q3 2025.
• Reported net income of $79.4 million and EPS of $2.74 (basic).

Paymentus delivered a robust third quarter in 2025, achieving record revenue of $310.7 million, a 34.2% increase year-over-year. The company also saw a substantial rise in Adjusted EBITDA by 45.9%, reaching a record 36.5% margin, driven by strong new implementations and customer demand. Net income increased to $17.7 million, and diluted GAAP EPS was $0.14.

• Revenue reached a record $310.7 million, marking a 34.2% increase compared to the third quarter of 2024.
• Adjusted EBITDA grew by 45.9% year-over-year, achieving a record 36.5% adjusted EBITDA margin.

CNO Financial Group delivered a robust performance in the third quarter of 2025, with significant increases in both net income and net operating income compared to the prior year. The company's strategic initiatives, including a reinsurance transaction and streamlining Worksite Division operations, are expected to accelerate ROE improvement through 2027.

• Net income surged to $23.1 million, a substantial increase from $9.3 million in Q3 2024.
• Non-GAAP net operating income grew to $127.2 million, up from $119.2 million in the same period last year.

ZoomInfo delivered solid Q3 2025 results with record revenue and a notable rise in profitability. The company saw an increase in high-value customers and improved net revenue retention, reflecting successful execution of its go-to-market strategy.

• Revenue reached $318,000,000 with 5% YoY growth
• Operating income increased to $67,500,000 with a 21% margin

Otter Tail Corporation delivered $1.86 in EPS and $78.3 million in net income for Q3 2025, with Plastics outperforming despite pricing declines. The company increased its annual EPS guidance and highlighted continued investments in its electric utility business.

• Q3 2025 EPS was $1.86, and net income totaled $78.3 million.
• Revenue reached $325.6 million, with the Plastics segment contributing $110 million.

PotlatchDeltic Corporation delivered strong third-quarter results, with net income rising to $25.9 million on revenues of $314.2 million. The company saw robust performance across all segments, particularly in Real Estate, driven by strategic rural land sales. The Wood Products segment demonstrated disciplined cost management despite a decrease in average lumber prices.

• Net income for Q3 2025 was $25.9 million, a substantial increase from $3.3 million in Q3 2024.
• Total revenues reached $314.2 million, up from $255.1 million in the same quarter last year.

Kontoor Brands delivered a solid Q3 2025, with revenue rising 27% year-over-year, supported by strength in its Wrangler and Helly Hansen brands. The company improved adjusted gross margin, increased adjusted EPS, and raised its full-year 2025 outlook.

• Revenue rose to $853.2 million, up 27% from the prior year, including a 2-point timing shift impact.
• Adjusted gross margin expanded to 45.8%, up 80 basis points YoY.

Freshpet reported solid performance in Q3 2025 with 14% revenue growth and significant net income driven by a $77.9M tax benefit. The company achieved positive free cash flow ahead of schedule and saw a notable increase in adjusted EBITDA.

• Net sales rose 14% YoY to $288.8M, driven by volume growth and favorable price/mix.
• Net income surged to $101.7M due to a $77.9M deferred tax benefit.

Boise Cascade reported a net income of $21.8 million, or $0.58 per share, on sales of $1.7 billion for the third quarter of 2025. This represents a significant decrease in net income compared to the same period last year, despite sales remaining flat.

• Net income for Q3 2025 was $21.8 million, a substantial decrease from $91.0 million in Q3 2024.
• Diluted EPS for Q3 2025 was $0.58, down from $2.33 in Q3 2024.

SM Energy delivered robust third-quarter results driven by record production volumes and high oil content, offsetting lower commodity prices. Adjusted EBITDAX increased 22% year-over-year, while the company generated strong free cash flow and reduced leverage.

• Total production reached 19.7 MMBoe, or 213.8 MBoe/d, with oil production at 113.9 MBbl/d
• Net income was $155.1 million and adjusted EBITDAX was $588.2 million

In Q3 2025, Goodyear posted a net loss of $2.2 billion largely due to a $1.4 billion deferred tax valuation allowance and $674 million goodwill impairment. However, adjusted net income was $82 million, and the Goodyear Forward initiative delivered $185 million in segment operating income benefits.

• Goodyear reported a GAAP net loss of $2.2 billion due to non-cash charges.
• Adjusted EPS was $0.28, reflecting positive underlying operations.

In Q3 2025, IAC posted $589.8 million in revenue with a net loss of $21.9 million and an operating loss of $20.4 million. People Inc. continued to lead performance, while Emerging & Other posted a significant loss due to legal expenses. Adjusted EBITDA came in at $29.1 million for the quarter.

• Q3 2025 revenue totaled $589.8 million, led by People Inc. at $429.8 million.
• People Inc. generated $269 million in digital revenue and $169 million in print revenue.

Apple Hospitality REIT experienced a challenging third quarter in 2025, with net income decreasing by 9.6% to $50.88 million and EPS falling by 8.7% to $0.21. Despite strong portfolio fundamentals, comparable hotels saw a slight decline in occupancy, ADR, and RevPAR, primarily due to a pullback in government travel. The company continued strategic initiatives including asset dispositions, a new acquisition, share repurchases, and significant capital improvements.

• Net income for Q3 2025 decreased by 9.6% to $50.88 million, down from $56.266 million in Q3 2024.
• Diluted EPS for Q3 2025 was $0.21, an 8.7% decrease compared to $0.23 in Q3 2024.

RingCentral delivered a solid third quarter, with total revenue reaching $639 million, a 5% year-over-year increase. The company achieved a GAAP operating margin of 4.8% and a non-GAAP operating margin of 22.8%, marking significant improvements. Net cash provided by operating activities increased by 19% to $151 million, and free cash flow grew by 23% to $130 million, demonstrating strong liquidity and cash generation.

• Total revenue reached $639 million, up 5% year-over-year, meeting the high end of guidance.
• Non-GAAP operating margin expanded by 180 basis points year-over-year to 22.8%, indicating improved profitability.

The company generated $132.47 million in total revenue and delivered $91.7 million in net income, driven by consistent oil and gas production and derivative gains. Adjusted EBITDA was $86.3 million, with free cash flow enabling a maintained $0.30 distribution.

• Total production averaged 36.3 MBoe/d, with 73% from natural gas
• Net income came in at $91.7 million, with EPS of $0.40

Xenon reported no revenue and a net loss of $90.9 million in Q3 2025, reflecting increased investment in late-stage trials. Cash and marketable securities totaled $555.3 million. The company expects to be funded into 2027.

• Net loss for Q3 2025 was $90.9 million, driven by R&D and G&A spending
• R&D expenses increased to $77.1 million due to Phase 3 trial progression

Crescent generated $866.6 million in revenue and $204.5 million in levered free cash flow in Q3 2025. Production averaged 253 MBoe/d, with strong contributions from oil and liquids. The company recorded a net loss of $9.5 million, primarily due to impairment and debt extinguishment costs, while maintaining disciplined capital spending and executing significant acquisitions and divestitures.

• Q3 2025 revenue reached $866.6 million, with strong oil sales at $596.3 million
• Production averaged 253 MBoe/d, with 41% oil and 58% liquids

Inspire Medical Systems delivered strong third-quarter results, with revenue reaching $224.5 million, a 10% increase from the prior year. The company achieved a gross margin of 85.8% and reported a net income of $9.9 million, with adjusted diluted EPS of $0.38. Inspire is making significant progress with the U.S. launch of its Inspire V system and has reaffirmed its full-year revenue guidance while raising its diluted net income per share guidance.

• Revenue for Q3 2025 increased by 10% year-over-year to $224.5 million, driven by strong global performance.
• Gross margin improved to 85.8% in Q3 2025, up from 84.1% in the prior year, primarily due to higher sales volume and a favorable Inspire V sales mix.

National Storage Affiliates Trust reported a net income of $29.0 million for the third quarter of 2025, a decrease of 2.5% compared to the third quarter of 2024. Diluted earnings per share were $0.17, down from $0.18 in the prior year. Same store net operating income decreased by 5.7%, driven by a 2.6% decrease in same store total revenues and a 4.9% increase in same store property operating expenses.

• Net income for Q3 2025 was $29.0 million, a 2.5% decrease year-over-year.
• Diluted EPS for Q3 2025 was $0.17, down from $0.18 in Q3 2024.

Liquidia reported strong third quarter results with $51.7 million in product revenue from YUTREPIA and a significant improvement in net loss, achieving positive operating income for the first time.

• Recorded $51.7 million in YUTREPIA product sales in its first full quarter post-launch
• Achieved $1.7 million in operating income and positive adjusted EBITDA of $10.1 million

Addus HomeCare delivered strong Q3 2025 results with a 25% increase in revenue and solid earnings growth, benefiting from stable hiring trends and expansion in key markets.

• Revenue rose 25% YoY to $362.3 million, led by personal care services.
• Net income reached $22.8 million, with EPS at $1.24.

Q3 2025 results showed a net loss for Insperity, driven by rising benefits costs, although revenues grew 4% and WSEEs increased slightly. A new UHC contract aims to improve profitability outlook.

• Q3 revenue rose 4% YoY to $1.623 billion on higher pricing and WSEE growth.
• Net loss of $20 million with a diluted EPS of $(0.53).

Farmer Mac delivered robust Q3 2025 results, achieving record core earnings and net effective spread. Net income and revenue both showed solid gains as the company maintained strong capital levels and liquidity.

• Core earnings reached a record $49.6 million, with diluted core EPS of $4.52.
• Net interest income rose to $98.5 million, up from $86.8 million a year ago.

Voyager Technologies posted a net loss in Q3 2025, driven by increased innovation spend and ramp-up of its Starlab program. While Space Solutions declined due to a planned NASA contract wind-down, the Defense and National Security segment delivered strong double-digit growth. The company maintained a strong liquidity position.

• Reported net sales of $39.6 million with 31% YoY growth in Defense and National Security segment.
• Posted a net loss of $16.3 million; adjusted net loss was $12.9 million.

Cipher Mining reported strong Q3 2025 revenue and adjusted earnings driven by its bitcoin mining business, while continuing its transition into AI hosting with major deals.

• Reported $72 million in revenue from bitcoin mining during Q3 2025
• Adjusted earnings reached $41 million, or $0.10 per diluted share

V2X delivered a strong third quarter in 2025, achieving record revenue of $1.17 billion, an 8% increase year-over-year. The company reported a significant rise in net income to $24.6 million, up 63% from the prior year, and an adjusted net income of $43.7 million, a 6% increase. Diluted EPS was $0.77, with adjusted diluted EPS reaching $1.37, also up 6% year-over-year, demonstrating continued operational and strategic execution.

• Record revenue of $1.17 billion, marking an 8% increase year-over-year, driven by sustained demand for solutions and strong execution.
• Net income surged by 63% to $24.6 million, while adjusted net income grew by 6% to $43.7 million.

UFP Technologies delivered higher sales in Q3 2025, but net income remained flat due to a $3 million labor-related expense. Adjusted EPS and revenue increased, driven by strength in the MedTech segment.

• Q3 2025 revenue rose to $154.6 million, up from $145.2 million in Q3 2024.
• Net income remained flat at $16.4 million despite top-line growth.

Helios Technologies delivered stronger-than-expected third-quarter results, with net sales growing 13% year-over-year to $220.3 million, driven by growth across all regions and both Hydraulics and Electronics segments. The company expanded its gross margin by 200 basis points and achieved a diluted Non-GAAP EPS of $0.72, up 22%. Despite a goodwill write-down, the company reduced debt for the ninth consecutive quarter and improved its net debt to Adjusted EBITDA leverage ratio.

• Net sales grew 13% year-over-year to $220.3 million, with Hydraulics up 9% and Electronics up 21%.
• Gross margin expanded by 200 basis points compared to the prior year period.

Sarepta's Q3 2025 revenues fell 15% to $399.4 million due to reduced ELEVIDYS sales. The company posted a net loss of $179.9 million and a non-GAAP loss of $12.9 million. PMO therapies and gene therapy ELEVIDYS contributed to the revenue mix.

• Q3 2025 revenue declined to $399.4 million from $467.2 million in Q3 2024.
• Reported net loss of $179.9 million; adjusted non-GAAP net loss was $12.9 million.

Upwork delivered strong Q3 2025 results with record revenue of $201.7 million and adjusted EBITDA of $59.6 million. Net income rose to $29.3 million, and GSV growth turned positive, fueled by AI-driven client engagement.

• Revenue reached a record $201.7 million, growing 4% year-over-year.
• Adjusted EBITDA hit an all-time high of $59.6 million, with a 30% margin.

Tennant Company delivered Q3 2025 net sales of $303.3 million, down 4% year-over-year, primarily due to volume declines across regions. However, the company achieved margin expansion, posting a 120 basis point increase in adjusted EBITDA margin, and maintained strong liquidity and operational efficiency.

• Net sales declined 4.0% year-over-year to $303.3 million due to lower volume, particularly in North America.
• Adjusted EBITDA grew to $49.8 million, with margin expansion to 16.4%, up 120 basis points.

Adeia delivered $87.3 million in revenue and a 58% adjusted EBITDA margin in Q3 2025, supported by strong performance in semiconductor and OTT licensing. GAAP net income fell YoY, but non-GAAP profitability remained strong.

• Revenue reached $87.3 million, in line with expectations.
• Adjusted EBITDA came in at $50.7 million, representing a 58% margin.

CompoSecure delivered strong Q3 2025 performance, with revenue up 13% YoY and gross margin expansion to 59.0%. Despite a GAAP net loss driven by non-cash items, adjusted net income and EBITDA improved significantly.

• Non-GAAP revenue grew 13% YoY to $120.9 million, driven by strong domestic demand and new program wins.
• Adjusted EBITDA rose to $47.7 million, up 30% from Q3 2024.

Atlas Energy Solutions posted a net loss and lower revenues in Q3 2025, impacted by reduced customer demand and elevated costs. Despite these setbacks, the company delivered positive free cash flow and announced a cost-cutting initiative.

• Revenue declined to $259.6 million, down from $288.7 million in Q2.
• Reported a net loss of $23.7 million or ($0.19) per share.

Innovative Industrial Properties posted lower revenues and net income in Q3 2025 due to tenant defaults but made a notable diversification move with a $270M investment in a life sciences platform.

• Revenue fell 15% YoY to $64.7 million due to tenant defaults.
• Net income attributable to common stockholders was $28.3 million or $0.97 per diluted share.

UMH Properties, Inc. experienced a mixed third quarter in 2025. While total income saw a healthy 10% increase and Normalized FFO per diluted share grew by 4%, net income attributable to common shareholders significantly decreased by 48.5% compared to the same quarter last year. The company continued its growth strategy through acquisitions and rental home programs.

• Total Income increased by 10% to $66.9 million compared to $60.7 million in Q3 2024.
• Net Income Attributable to Common Shareholders decreased to $4.2 million ($0.05 per diluted share) from $8.2 million ($0.11 per diluted share) in Q3 2024.

Napco delivered strong Q1 2026 results with growth across all key segments. Recurring service revenue hit $23.4 million and continued to drive profitability with a 90% gross margin. Equipment sales also performed well, supported by demand for door-locking systems.

• Total revenue rose to $49.2 million, up 11.7% YoY
• Recurring service revenue reached $23.4 million with 90% gross margin

Pediatrix Medical Group delivered strong Q3 results, surpassing internal expectations. The company benefited from favorable reimbursement dynamics and higher patient acuity, resulting in significant growth in same-unit revenue and profitability.

• Revenue reached $492.9 million, down from $511.2 million YoY due to practice dispositions, but same-unit revenue grew 8.0%
• Net income jumped to $71.7 million, compared to $19.4 million in the prior-year quarter

Fubo's Q3 2025 results showcased solid subscriber growth in North America and continued improvements in profitability, even as total revenue declined slightly year-over-year.

• North America reached record Q3 subscriber levels at 1.63 million.
• Adjusted EBITDA turned positive for the second straight quarter.

Navitas Semiconductor faced a significant revenue drop in Q3 2025, alongside continued operating and net losses. The company is undergoing a strategic shift, reallocating resources from low-power consumer markets to high-power segments like AI data centers and industrial electrification.

• Revenue fell to $10.1 million from $21.7 million in Q3 2024.
• GAAP Net Loss was $19.2 million, while Non-GAAP Net Loss was $10.2 million.

Alexander's, Inc. reported a decrease in net income and revenue for the third quarter of 2025 compared to the same period last year, while Funds From Operations (FFO) saw a slight increase. Net income was $6.0 million, down from $6.7 million, and revenue was $53.4 million, a decrease from $55.7 million. FFO, a key non-GAAP measure for REITs, increased to $14.9 million from $14.6 million.

• Net income for Q3 2025 was $5.968 million, a decrease from $6.678 million in Q3 2024.
• Revenue for the quarter ended September 30, 2025, was $53.424 million, down from $55.675 million in the prior year.

Ameresco delivered excellent third quarter 2025 results, staying on track to meet full-year guidance. The company achieved solid year-on-year growth across key business segments, with total revenue reaching $526.0 million and net income attributable to common shareholders at $18.5 million. Demand for energy infrastructure solutions remained robust, strengthening long-term revenue visibility with a total project backlog exceeding $5 billion.

• Total revenues for Q3 2025 reached $526.0 million, an increase of 5% year-over-year.
• Net income attributable to common shareholders was $18.5 million, with GAAP and Non-GAAP EPS both at $0.35.

Vitesse Energy experienced a net loss of $1.3 million in Q3 2025, despite an increase in total revenue to $67.443 million. The company maintained a conservative balance sheet with a Net Debt to Adjusted EBITDA ratio of 0.65 and generated $49.4 million in cash flow from operations. Production averaged 18,163 Boe per day, with oil representing 65% of the volume, and the company increased its 2025 production and capital expenditure guidance.

• Net loss for the quarter was $1.3 million, with an Adjusted Net Income of $3.8 million.
• Adjusted EBITDA reached $41.6 million, and cash flow from operations was $49.4 million.

Almonty posted $8.7 million in revenue for Q3 2025, a 28% increase year-over-year, supported by higher tungsten prices. The company recorded $33.2 million in net income due to a $34.5 million gain from warrant revaluation, while adjusted EBITDA was negative due to continued ramp-up activities at Sangdong.

• Revenue increased 28% year-over-year to $8.7 million, driven by higher tungsten prices and stable output from Panasqueira.
• Net income reached $33.2 million, primarily due to a $34.5 million gain from warrant revaluation.

Heidrick & Struggles posted a strong quarter with revenue surpassing $322 million, supported by growth across Executive Search, On-Demand Talent, and Consulting. Net income rose to $17.6 million, with EPS reaching $0.83.

• Revenue reached $322.8 million, a 15.9% increase driven by growth across all segments
• Executive Search remained the largest contributor with $239.1 million in revenue

EverQuote achieved record top and bottom line performance in the third quarter of 2025, with total revenue growing 20% year-over-year to $173.9 million and net income increasing 63% to $18.9 million. The company also saw a significant rise in Adjusted EBITDA by 33% to $25.1 million, demonstrating strong operational leverage and efficiency driven by AI and technology investments.

• Total revenue increased by 20% year-over-year, reaching $173.9 million.
• GAAP net income surged by 63% year-over-year to $18.9 million.

IRadimed reported its seventeenth consecutive quarter of record revenue, reaching $21.2 million in Q3 2025. The company delivered GAAP EPS of $0.43 and non-GAAP EPS of $0.47, maintaining a strong 78% gross margin despite operational transitions. Full-year guidance was raised, reflecting robust demand and expectations for continued momentum.

• Record quarterly revenue of $21.2 million, up 16% year-over-year
• Net income rose to $5.58 million with GAAP EPS of $0.43

Centerspace delivered strong third quarter 2025 financial results with revenue increasing year-over-year and a significant net income turnaround. Core FFO per share remained stable, same-store performance improved, and liquidity remained solid, though the company updated its full-year outlook prudently amid market dynamics. :contentReference[oaicite:0]{index=0}

• Revenue increased to $71,400,000 in Q3 2025, up about 9.8% y/y. :contentReference[oaicite:1]{index=1}
• Net income was $3.19 per diluted share in the quarter, a significant turnaround from a loss last year. :contentReference[oaicite:2]{index=2}

Kosmos Energy posted a Q3 2025 net loss of $124 million despite increased production and reduced expenses. Impairment of a Gulf of Mexico well and timing of cargo sales contributed to weaker financials. The company continues to advance major projects while focusing on cost reductions and balance sheet strengthening.

• Generated a net loss of $124 million and adjusted net loss of $72 million for Q3 2025
• Revenue reached $311 million, with production averaging 65,500 boepd

Douglas Dynamics delivered a strong third quarter in 2025, with consolidated net sales increasing by 25.3% to $162.1 million, primarily due to higher demand and improved throughput in Work Truck Solutions, and timely pre-season shipments in Work Truck Attachments. The Work Truck Solutions segment achieved record net sales and earnings growth of over 30%. The company also raised its full-year 2025 guidance ranges for net sales, adjusted EBITDA, and adjusted EPS, reflecting confidence in continued performance.

• Consolidated Net sales increased by 25.3% to $162.1 million, compared to $129.4 million in Q3 2024.
• Work Truck Solutions segment achieved record net sales of $94.0 million, a 36.0% increase, and adjusted EBITDA of $9.6 million, up 33.8%.

Gladstone Commercial Corporation reported a slight increase in total operating revenue for Q3 2025, reaching $40.841 million, up 3.3% from the previous quarter. However, net income decreased by 10.7% to $4.137 million. Core FFO per share remained stable at $0.35.

• Total operating revenue increased by 3.3% to $40.841 million compared to the previous quarter.
• Net income decreased by 10.7% to $4.137 million for the quarter.

ECARX achieved breakeven adjusted EBITDA and posted a net profit of $0.9 million in Q3 2025, supported by 11% YoY revenue growth and disciplined cost management. The company saw improved gross margins and continued global expansion.

• Revenue rose 11% YoY to $219.9 million, driven by strong goods and services sales
• Adjusted EBITDA turned positive at $8.3 million, compared to a $31.9 million loss a year ago

Kforce delivered a strong third quarter in 2025, surpassing revenue and EPS expectations, driven by better-than-expected performance in both its Technology and Finance & Accounting segments. The company saw an improvement in Technology segment consultants on assignment and meaningful sequential growth in its FA business, with this momentum largely continuing into the fourth quarter.

• Revenue for Q3 2025 was $332.6 million, a slight sequential decrease of 0.5% but a year-over-year decrease of 5.9%.
• Diluted earnings per share for Q3 2025 were $0.63, representing a 6.8% sequential increase but a 16.0% year-over-year decrease.

Castle Biosciences delivered a strong third quarter in 2025, achieving $83 million in revenue and a total test report volume of 26,841. The company saw significant growth in its core dermatologic and gastrointestinal testing franchises, with DecisionDx-Melanoma and TissueCypher each surpassing 10,000 test reports. This strong performance led to an increase in the full-year 2025 revenue guidance.

• Achieved $83 million in revenue for Q3 2025, demonstrating strong financial performance.
• Total test report volume reached 26,841 in Q3 2025, indicating increased adoption of its tests.

For the three months ended September 30, 2025, Armada Hoffler generated $96082000 in total revenue and reported a net loss attributable to common stockholders of $2807000. Normalized FFO per diluted share was $0.24 for the quarter.

• Total revenue was $96082000 for the quarter.
• Net loss attributable to common stockholders was $2807000.

JELD-WEN experienced a challenging third quarter in 2025, with net revenues declining by 13.4% to $809.5 million and a substantial net loss of $367.6 million. The company's Adjusted EBITDA also saw a significant decrease, prompting workforce reductions and a strategic review of its European operations to address market headwinds and improve efficiency.

• Net revenues decreased by 13.4% to $809.5 million, primarily due to a 10% decrease in Core Revenues and a 5% decrease from the Towanda divestiture.
• The company reported a net loss of $367.6 million, or $4.30 per share, a significant increase from a net loss of $73.0 million in the prior year.

Tactile Systems Technology, Inc. delivered robust financial results for the third quarter of 2025, with total revenue increasing 17% year-over-year to $85.8 million. The company saw a substantial rise in net income by 59% to $8.2 million and adjusted EBITDA by 34% to $14.4 million, reflecting effective business transformation and product innovation. Both lymphedema and airway clearance product lines contributed to this growth, and the company also repaid its term loan and authorized a new share repurchase program.

• Total revenue increased by 17% year-over-year, reaching $85.8 million in Q3 2025.
• Net income surged by 59% to $8.2 million, with diluted EPS at $0.36 per share.

L.B. Foster achieved a slight revenue increase in Q3 2025, supported by strength in Infrastructure, but saw a decline in gross profit and net income. Strong free cash flow enabled debt reduction and share repurchases, setting the stage for an anticipated strong Q4 finish.

• Revenue rose 0.6% year-over-year to $138.3 million, led by a 4.4% increase in Infrastructure segment sales.
• Net income fell to $4.4 million from $35.9 million, primarily due to a $30 million tax valuation benefit in Q3 2024.

Denny's Corporation reported a strong third quarter in 2025, with significant growth in revenue and net income. The company's strategic initiatives, including menu innovation and operational efficiencies, contributed to positive same-store sales growth across its brands.

• Total revenue for the third quarter reached $119.8 million, demonstrating a robust performance.
• Net income for the quarter was $10.2 million, reflecting effective cost management and increased sales.

TrueBlue's third quarter 2025 performance exceeded expectations, driven by stabilizing business trends and strategic focus. The company reported a 13% increase in revenue to $431 million and a substantial improvement in net loss from $8 million to $2 million. Adjusted EBITDA also saw a significant rise to $11 million.

• Revenue increased by 13% to $431 million in Q3 2025 compared to $382 million in Q3 2024.
• Net loss improved to $2 million in Q3 2025 from a net loss of $8 million in the prior year period.

Medifast experienced a significant decline in its third-quarter 2025 financial results, with revenue decreasing by 36.2% to $89.4 million and reporting a net loss of $2.3 million. This downturn was largely attributed to a 35.0% decrease in active earning OPTAVIA coaches, impacted by the growing acceptance of GLP-1 medications for weight loss. Despite the challenges, the company maintains a strong balance sheet with $173.5 million in cash and no debt, and is strategically shifting its focus towards metabolic health.

• Revenue for Q3 2025 decreased by 36.2% to $89.4 million compared to $140.2 million in Q3 2024.
• The company reported a net loss of $2.3 million, or $0.21 loss per diluted share, in Q3 2025, a decline from a net income of $1.1 million in Q3 2024.

PLAYSTUDIOS experienced a challenging third quarter in 2025, with total revenue declining to $57.6 million from $71.2 million in the prior year. The company reported a net loss of $9.1 million, a significant increase from the $3.1 million net loss in Q3 2024. Despite headwinds in its core social casino business, the direct-to-consumer channel showed strong growth, and new initiatives like Tetris Block Party and The Win Zone are gaining traction.

• Revenue for Q3 2025 was $57.6 million, a decrease from $71.2 million in Q3 2024.
• Net loss for the quarter was $9.1 million, compared to a net loss of $3.1 million in the same period last year.

Precision BioSciences posted a wider net loss in Q3 2025, driven by minimal revenues and continued R&D investment. The company maintains a cash position of over $71 million and anticipates progress on its PBGENE programs into 2026.

• Reported a net loss of $21.8 million for Q3 2025.
• Revenue for the quarter was only $13,000, reflecting reduced activity under the Novartis agreement.

Offerpad reported revenue of $132.7 million and sold 367 homes in Q3 2025, demonstrating operational discipline and strong momentum in asset-light services. The company improved operating expenses by 38% year-over-year and achieved its highest quarterly revenue for Offerpad Renovate, while strengthening its total liquidity to over $75 million.

• Total liquidity exceeded $75 million, bolstered by Q3 performance and ongoing capital raise activities.
• Operating expenses decreased by 38% year-over-year due to cost efficiencies and streamlined operations.