Reports

AMD posted record Q4 2025 revenue and strong profitability, led by rapid growth in the Data Center segment and solid Client and Gaming performance, resulting in significant operating and net income expansion.

• Record quarterly revenue driven by strong Data Center growth
• Data Center segment posted double-digit year-over-year growth

Merck delivered Q4 2025 revenue growth driven by strong KEYTRUDA and WINREVAIR performance, while GAAP earnings declined year over year due to higher restructuring and acquisition-related costs.

• Oncology remained the primary growth driver led by KEYTRUDA.
• WINREVAIR continued to scale with strong quarterly sales.

PepsiCo delivered Q4 2025 results with stable revenue, higher net income, and stronger adjusted earnings, supported by productivity initiatives and favorable pricing.

• Fourth-quarter revenue was stable with sequential improvement.
• Adjusted earnings grew driven by productivity and pricing actions.

Amgen delivered Q4 2025 revenue growth and higher GAAP profitability, reporting $9.87B in revenue, $1.33B in net income, and GAAP diluted EPS of $2.45. Non-GAAP diluted EPS was $5.29, and free cash flow was $961M for the quarter.

• Total Q4 revenue was $9866000000, supported by product sales of $9367000000.
• GAAP diluted EPS was $2.45 and non-GAAP diluted EPS was $5.29.

Banco Santander reported a record Q4 2025 result, with profit attributable to the parent rising on the back of higher net interest income, strong fee growth and disciplined cost control, offsetting higher operating expenses.

• Seventh consecutive quarterly record in attributable profit
• Revenue growth was driven by higher net interest income and fees

Eaton delivered record Q4 2025 results with double-digit revenue growth, strong operating leverage, and robust demand across Electrical and Aerospace segments, supported by a strong book-to-bill ratio and expanding margins.

• Fourth-quarter sales reached a record level driven by strong electrical demand.
• Adjusted EPS reached a quarterly record reflecting operating leverage.

Pfizer posted lower fourth-quarter revenue and a GAAP net loss due to large non-cash impairment charges, partially offset by stable underlying performance as reflected in positive adjusted earnings.

• Fourth-quarter revenue declined modestly year over year.
• GAAP results reflected a net loss driven by impairment charges.

Chubb reported strong Q4 2025 results driven by record P&C underwriting performance, solid premium growth across segments, and higher investment income, resulting in robust earnings and returns.

• Record P&C combined ratio reflected strong underwriting discipline
• Net premiums written increased across both P&C and Life Insurance segments

TransDigm Group delivered a strong first quarter for fiscal year 2026, with net sales reaching $2.285 billion, a 14% increase year-over-year, and EBITDA As Defined growing by 13% to $1.197 billion. Despite higher interest expenses leading to a 9.7% decrease in net income, adjusted earnings per share rose by 5% to $8.23, and the company raised its fiscal 2026 financial guidance.

• Net sales for the quarter increased by 14% to $2,285 million from $2,006 million in the prior year's quarter.
• EBITDA As Defined grew by 13% to $1,197 million, with a margin of 52.4%.

Mondelez reported strong Q4 2025 revenue growth driven by pricing and organic expansion, but higher input costs and unfavorable volume mix weighed on earnings and margins.

• Net revenues grew at a high-single-digit rate driven by pricing
• Organic net revenue growth remained positive despite volume declines

Emerson delivered strong first quarter 2026 results, meeting sales commitments and exceeding profitability expectations. The company reported robust demand for its automation technology, particularly in Software & Systems, with significant growth in North America, India, and the Middle East & Africa. Emerson also declared a quarterly cash dividend of $0.555 per share.

• Net sales increased by 4% to $4,346 million compared to the previous year.
• GAAP earnings per share rose by 5% to $1.07.

Illinois Tool Works reported Q4 2025 revenue growth and higher earnings, driven by disciplined execution, enterprise initiatives, and strong segment performance.

• Revenue increased year over year with positive organic growth
• Operating margin expanded to a record quarterly level

Enterprise Products reported flat year-over-year earnings in Q4 2025, supported by record pipeline and processing volumes, solid operating income, and strong free cash flow.

• Net income remained stable year over year in the fourth quarter.
• Record pipeline and processing volumes drove strong operating performance.

PayPal delivered Q4 2025 results with steady revenue growth, strong net income, and improved transaction margin dollars, supported by healthy TPV growth and stable engagement metrics.

• Revenue increased year over year driven by higher total payment volume.
• Net income rose reflecting improved operating efficiency.

Marathon Petroleum delivered a very strong Q4 2025 with significantly higher net income and operating income, supported by robust refining margins, high crude utilization, and improved commercial performance.

• Net income attributable to MPC increased substantially versus the prior-year quarter.
• Refining margins strengthened, driving higher operating income.

MPLX reported a strong Q4 2025 with higher net income, improved adjusted EBITDA, and robust free cash flow, supported by stable midstream operations.

• Net income increased year over year in the fourth quarter.
• Adjusted EBITDA showed continued operational strength.

Grainger reported solid Q4 2025 sales growth despite a challenging macro environment, while operating margin and earnings declined due to higher expenses and an unfavorable tax rate.

• Q4 sales increased mid-single digits year over year
• Operating margin declined due to higher costs

AMETEK delivered record Q4 2025 revenue and earnings, driven by solid organic growth, recent acquisitions, and strong operating performance, resulting in robust profitability and cash generation.

• Record fourth-quarter revenue and earnings per share
• Strong performance across both operating segments

Corteva delivered Q4 2025 revenue of $3.9 billion with strong Seed profitability and resilient Crop Protection volumes, but results were weighed down by seasonal volume shifts and cost pressures, resulting in a GAAP net loss.

• Seed segment delivered improved operating EBITDA despite lower volumes
• Crop Protection volumes declined modestly due to seasonal timing shifts

Take-Two delivered a strong Q3 FY2026 with net bookings significantly above guidance, driven by NBA 2K, Grand Theft Auto, and mobile titles, while reporting a GAAP net loss and raising its full-year outlook.

• Net bookings materially exceeded the company’s guidance range.
• NBA 2K and Grand Theft Auto franchises outperformed expectations.

Chipotle posted Q4 2025 revenue growth supported by new restaurant openings and gift card breakage, while comparable restaurant sales declined due to lower transactions. Earnings remained stable and restaurant-level margins stayed strong.

• Revenue grew year over year to nearly $3.0 billion in Q4 2025
• Comparable restaurant sales declined due to lower traffic

Prudential Financial reported higher fourth-quarter revenues and a return to solid profitability, driven by strong performance in U.S. Businesses and stable contributions from PGIM and International operations.

• Total revenues increased sequentially in Q4
• U.S. Businesses remained the largest contributor to revenue

WTW delivered solid fourth-quarter operating performance with strong organic revenue growth and significant margin expansion, despite lower reported revenue and net income driven by the prior sale of TRANZACT.

• Organic revenue grew strongly despite a decline in reported revenue
• Operating and adjusted operating margins expanded significantly year over year

Atmos Energy reported solid first-quarter fiscal 2026 results with higher net income and earnings per share, supported by continued investment in safety and reliability and constructive regulatory outcomes across its service territories.

• Net income increased year over year driven by both Distribution and Pipeline & Storage segments
• Diluted EPS rose to $2.44 reflecting regulated rate recovery and customer growth

ADM delivered Q4 2025 results with solid profitability despite weaker margins and lower volumes, generating strong cash flow in a difficult operating environment.

• Q4 revenue declined year over year reflecting softer global demand and trade pressures.
• Earnings remained profitable despite margin compression across key segments.

Broadridge reported strong second-quarter performance driven by recurring revenue growth and higher event-driven activity, resulting in significant EPS growth despite modest operating income pressure.

• Recurring revenues grew strongly on a constant currency basis
• Diluted EPS more than doubled year over year

Hubbell Incorporated announced robust financial results for the fourth quarter and full year ended December 31, 2025, with Q4 diluted EPS of $4.19 and adjusted diluted EPS of $4.73, marking a 15% year-over-year increase. Net sales grew by 12% (9% organic), driven by strong performance in Electrical Solutions and Utility T&D markets, while operating margin expanded to 20.9%.

• Q4 diluted EPS reached $4.19, with adjusted diluted EPS at $4.73, up 15% year-over-year.
• Net sales for Q4 increased by 12%, with organic growth contributing 9% and M&A adding 3%.

Veralto concluded 2025 with a robust fourth quarter, achieving a 3.8% increase in sales to $1,396 million and a non-GAAP adjusted operating profit margin of 24.6%. The full year saw a 6.0% sales growth and over one billion dollars in free cash flow, driven by strong execution and strategic initiatives.

• Fourth quarter sales increased by 3.8% year-over-year to $1,396 million, with non-GAAP core sales growth of 1.6%.
• Net earnings for the quarter were $254 million, or $1.01 per diluted common share, with non-GAAP adjusted net earnings at $261 million, or $1.04 per diluted common share.

Supermicro delivered a sharp acceleration in Q2 FY2026 revenue fueled by AI server demand, while gross margins declined due to product mix and rapid scaling. Earnings and cash position remained solid.

• Revenue more than doubled year over year driven by AI infrastructure demand
• Gross margin declined reflecting scale-up and product mix effects

Amcor delivered strong Q2 fiscal 2026 performance with significant revenue and earnings growth, primarily driven by the Berry acquisition, synergy realization, and disciplined cost execution despite a challenging volume environment.

• Revenue increased sharply driven by the Berry acquisition contribution
• Adjusted EBITDA and adjusted EBIT grew strongly year over year

Pentair reported higher fourth-quarter revenue and operating income with flat GAAP return on sales and strong adjusted margin expansion, while adjusted EPS increased year over year.

• Fourth-quarter sales increased year over year driven by Flow and Pool
• Adjusted return on sales expanded meaningfully versus prior year

Lumentum delivered a standout second quarter, with over 65 percent year-over-year revenue growth and non-GAAP operating margin expansion above 1,700 basis points. Revenue hit the high end of guidance, while profitability and EPS expanded well beyond prior guidance, demonstrating the leverage of the business model.

• Net revenue reached $665.5 million, marking a 65.5% increase year-over-year.
• Non-GAAP diluted net income per share was $1.67, significantly exceeding prior guidance.

Gartner delivered modest revenue growth in Q4 2025, while net income and EPS declined year over year, offset by solid adjusted EBITDA and strong free cash flow generation.

• Revenue increased modestly in the fourth quarter driven by Insights and Conferences.
• Net income declined significantly compared to the prior year quarter.

Jacobs Solutions Inc. announced robust financial results for the fiscal first quarter ended December 26, 2025, with gross revenue up 12.3% year-over-year to $3.3 billion and adjusted net revenue increasing 8.2% to $2.3 billion. The company also reported a substantial 21% year-over-year backlog growth, reaching $26.3 billion, and a strong Q1 book-to-bill ratio of 2.0x. Adjusted EPS rose by 15.0% to $1.53, reflecting strong operational performance and strategic initiatives, including the acquisition of the remaining stake in PA Consulting and increased share repurchases.

• Gross revenue increased by 12.3% year-over-year to $3.3 billion, demonstrating strong top-line growth.
• Adjusted net revenue grew by 8.2% year-over-year to $2.3 billion, indicating healthy core business expansion.

Carlisle Companies announced its fourth quarter 2025 financial results, reporting a slight revenue increase of 0.4% year-over-year to $1.1 billion. Diluted EPS decreased by 10% to $3.19, while adjusted EPS also saw a 13% decline to $3.90. The company generated $1.1 billion in operating cash flow for the full year 2025 and repurchased $300 million of shares in Q4, contributing to a total of $1.3 billion in share repurchases for the year.

• Fourth quarter revenue increased 0.4% year-over-year to $1.1 billion.
• Diluted EPS for the fourth quarter was $3.19, a 10% decrease from the previous year.

ATI delivered strong fourth-quarter results with higher sales, solid margins, and robust aerospace and defense demand driving profitability.

• Fourth-quarter sales reached $1.18 billion, driven by aerospace and defense demand
• Net income attributable to ATI was $96.6 million with EPS of $0.69

Ball delivered strong Q4 2025 results with higher sales and positive net income, supported by robust global beverage can volume growth and improved operating performance across all regions.

• Revenue increased year over year driven by higher beverage can volumes.
• The company returned to profitability compared with a loss in the prior-year quarter.

Clorox's second-quarter fiscal year 2026 results were generally in line with expectations, with net sales decreasing 1% to $1.67 billion and diluted EPS decreasing 16% to $1.29. The company reaffirmed its fiscal year outlook, emphasizing continued progress on strategic priorities and the acquisition of GOJO Industries.

• Net sales decreased 1% to $1.67 billion, primarily due to lower consumption, partially offset by shipments ahead of consumption for some businesses.
• Gross margin decreased 60 basis points to 43.2%, mainly driven by higher manufacturing and logistics costs, partially offset by cost savings.

RenaissanceRe delivered very strong Q4 2025 results with elevated underwriting income, robust investment gains and a sharply improved combined ratio, resulting in significantly higher net income and returns on equity.

• Net income surged driven by strong underwriting results and investment gains
• Combined ratio improved materially to an industry-leading level

AFG delivered strong Q4 2025 results with record underwriting profit and higher net earnings, with revenue of $1.81 billion from net earned premiums, partially offset by weaker alternative investment returns.

• Fourth-quarter net earnings increased year over year to $299 million.
• Net earned premiums totaled $1.81 billion in the quarter.

The report details the disposal of CD OpCo Holdings, LLC, which was completed on December 17, 2025, for a consideration of $58.3 million. The disposed business contributed $40.2 million in net sales and $6.7 million in operating income during the 12-month period ending December 27, 2025.

• Completed the sale of CD OpCo Holdings, LLC on December 17, 2025.
• Received $58.3 million in total consideration for the sale of the business unit.

Jack Henry & Associates, Inc. reported a strong second quarter for fiscal year 2026, with GAAP revenue increasing by 7.9% to $619.3 million and GAAP operating income rising by 29.4% to $159.1 million. Diluted EPS grew by 28.6% to $1.72. The company also saw significant growth in non-GAAP adjusted metrics.

• GAAP revenue increased 7.9% to $619.3 million for the fiscal three months ended December 31, 2025.
• GAAP operating income increased 29.4% to $159.1 million for the fiscal three months ended December 31, 2025.

Lumen Technologies delivered revenue, Adjusted EBITDA, and free cash flow in line with expectations for Q4 2025, while sharpening its focus on high-value enterprise growth. The company completed the $5.75 billion AT&T transaction, significantly reducing total debt and annual interest expense, and increasing flexibility for growth initiatives. Operational execution exceeded cost reduction targets, and the company saw strong momentum in PCF sales and NaaS customer growth.

• Completed the $5.75 billion AT&T transaction, reducing total debt by over $4.8 billion and net leverage to below 4x, and cutting annual interest expense by nearly 45%.
• Achieved Adjusted EBITDA at the high end of guidance, despite a one-time giveback from the FCC's Rural Digital Opportunity Fund, with free cash flow remaining solid.

Skyworks Solutions, Inc. announced robust results for the first fiscal quarter of 2026, surpassing expectations for the fourth consecutive quarter. The company achieved $1.035 billion in revenue, with strong contributions from both mobile and broad markets. GAAP diluted EPS stood at $0.53, while non-GAAP diluted EPS reached $1.54. Operating cash flow was $396 million, and free cash flow was $339 million.

• Revenue for Q1 FY26 was $1.035 billion, exceeding expectations.
• GAAP diluted EPS was $0.53, and non-GAAP diluted EPS was $1.54.

Amdocs delivered solid Q1 FY2026 performance with revenue of $1.16 billion, year-over-year growth above 4%, improved operating margins, and strong free cash flow generation.

• Revenue increased 4.1% year over year to $1.16 billion.
• GAAP diluted EPS was $1.45 and non-GAAP diluted EPS was $1.81.

Zurn Elkay Water Solutions concluded 2025 with record annual sales, adjusted EBITDA, and free cash flow, driven by 8% year-over-year core sales growth and expanding adjusted EBITDA margins. The company also repurchased $160 million of common stock and increased its quarterly dividend by 22%.

• Net sales for the fourth quarter increased by 10% to $407 million, compared to $371 million in the prior year's December quarter.
• Net income from continuing operations for the fourth quarter was $42 million, with diluted EPS of $0.24, up from $36 million and $0.21 respectively in the year-ago quarter.

Match Group announced robust financial results for Q4 and full-year 2025, surpassing revenue and Adjusted EBITDA forecasts. The company's strategic transformation, focusing on user outcomes, showed meaningful progress, with Tinder improving new registrations and MAU trends, and Hinge demonstrating strong user growth and international expansion.

• Total Revenue for Q4 2025 increased 2% year-over-year to $878 million, exceeding expectations.
• Adjusted EBITDA for Q4 2025 grew 14% year-over-year to $370 million, also surpassing expectations.

Ingredion delivered strong fourth-quarter profitability with higher earnings and operating income, despite a decline in net sales driven by lower volumes in Food & Industrial Ingredients.

• Fourth-quarter net sales declined 2% year over year to $1.76 billion
• Net income attributable to Ingredion increased to $165 million

Voya Financial delivered strong fourth-quarter and full-year 2025 results, exceeding targets for adjusted pre-tax earnings and cash generation. The company saw significant growth across its diversified businesses, disciplined execution, and customer focus, with Retirement and Investment Management AUM surpassing $1 trillion.

• Fourth-quarter 2025 net income available to common shareholders was $136 million, or $1.41 per diluted share.
• Fourth-quarter 2025 after-tax adjusted operating earnings were $188 million, or $1.94 per diluted share.

The Hanover delivered record Q4 2025 results with total revenue of $1.67 billion, a sub-90 combined ratio, strong premium growth, and significantly higher net and operating income driven by disciplined underwriting and improved investment returns.

• Total revenue reached $1.67 billion in the fourth quarter.
• Net income increased to a record $198.5 million.

H&R Block, Inc. announced its financial results for the fiscal 2026 second quarter, ending December 31, 2025, reporting a total revenue of $198.9 million, an 11.1% increase from the prior year. The company's net loss from continuing operations improved slightly by 0.4% to ($241.6) million. The growth was primarily attributed to higher volume and net average charge in the assisted category, strong growth in Wave subscription revenue and payments volume, and increased DIY software sales. The company reaffirmed its full-year outlook for fiscal 2026.

• Total revenue for the second quarter increased by 11.1% to $198.9 million compared to the prior year.
• Net loss from continuing operations improved by 0.4% to ($241.6) million.

Galaxy reported a substantial Q4 net loss as lower digital asset prices weighed on trading, treasury positions, and overall profitability despite continued platform growth.

• Net loss was primarily driven by digital asset price depreciation during the quarter.
• Digital Assets segment remained profitable at the gross profit level.

Rithm Capital Corp. reported a GAAP net income of $53.1 million, or $0.09 per diluted common share, and earnings available for distribution of $418.9 million, or $0.74 per diluted common share for Q4 2025. The company achieved a 19% EAD return on equity for the full year and expanded its diversified asset management platform to over $100 billion in investable assets.

• GAAP net income for Q4 2025 was $53.1 million, or $0.09 per diluted common share.
• Earnings available for distribution for Q4 2025 reached $418.9 million, or $0.74 per diluted common share.

Cirrus Logic exceeded its revenue guidance for the December quarter, driven by strong demand for smartphone components and a favorable product mix. The company also made progress in expanding its market and diversifying its product offerings, including new components for AI-enabled PCs and new product families for prosumer and automotive markets.

• Revenue for Q3 FY26 was $580.6 million, surpassing the high end of guidance.
• GAAP diluted earnings per share were $2.66, with non-GAAP diluted earnings per share at $2.97.

Hamilton Lane delivered solid third quarter fiscal 2026 results, with double-digit revenue growth driven by higher management and advisory fees and continued strength in incentive fees.

• Total revenue increased 18% year over year to $198.6 million
• Management and advisory fees rose 21% year over year

Enact Holdings, Inc. announced a strong fourth quarter and full year 2025, with GAAP Net Income of $177 million and Adjusted Operating Income of $179 million. The company returned over $500 million of capital to shareholders in 2025 and maintained a robust PMIERs Sufficiency of 162%.

• GAAP Net Income for Q4 2025 was $177 million, or $1.22 per diluted share, an increase from $163 million in Q3 2025 and Q4 2024.
• Adjusted Operating Income for Q4 2025 was $179 million, or $1.23 per diluted share, up from $166 million in Q3 2025 and $169 million in Q4 2024.

Weatherford International plc announced its fourth quarter and full year 2025 results, showcasing a robust performance in Q4 with revenue reaching $1,289 million, a 5% sequential increase. Operating income rose by 12% sequentially to $199 million, and net income significantly increased by 70% sequentially to $138 million. The company also reported strong cash flow from operations and a 10% increase in its quarterly cash dividend.

• Fourth quarter 2025 revenue increased 5% sequentially to $1,289 million, though it decreased 4% year-over-year.
• Operating income for Q4 2025 was $199 million, up 12% sequentially and 1% year-over-year.

Powell Industries, Inc. announced robust results for the first quarter of fiscal year 2026, ending December 31, 2025. The company reported a 4% increase in revenues to $251.2 million, a 20% rise in gross profit to $71.4 million, and a 19% increase in net income to $41.4 million. New orders surged by 63% to $439 million, leading to a backlog of $1.6 billion.

• Revenues increased by 4% to $251 million, demonstrating a solid start to the fiscal year.
• Gross profit rose by 20% to $71 million, with a gross profit margin of 28.4%, indicating strong project execution.

Graphic Packaging Holding Company experienced a challenging fourth quarter and full-year 2025, with declines in net income and adjusted EBITDA. Net sales remained flat in Q4 but decreased for the full year. The company is initiating a comprehensive review of operations and portfolio to improve cost structure and drive free cash flow.

• Fourth quarter 2025 Net Sales were $2,103 million, flat compared to $2,095 million in Q4 2024.
• Net Income in fourth quarter 2025 was $71 million, a decrease from $138 million in Q4 2024.

Spire reported a strong first quarter for fiscal 2026, with net income rising to $95.0 million ($1.54 per diluted share) from $81.3 million ($1.34 per share) a year ago. Adjusted earnings also saw a significant increase to $108.4 million ($1.77 per share) from $81.1 million ($1.34 per share) in the previous year, driven by higher earnings in Gas Utility and Gas Marketing segments.

• First quarter net income increased to $95.0 million ($1.54 per diluted share) from $81.3 million ($1.34 per share) a year ago.
• Adjusted earnings rose to $108.4 million ($1.77 per share) from $81.1 million ($1.34 per share) in the prior year, an increase of $0.43 per share.

The Marzetti Company delivered modest consolidated sales growth in the second quarter, driven by Foodservice momentum and ongoing cost savings that lifted gross profit to a record level, partially offset by a decline in Retail net sales and slightly lower operating income.

• Consolidated net sales increased modestly year over year, supported by Foodservice growth.
• Retail net sales declined due to softer demand, while Foodservice posted solid gains.

Champion Homes announced its third quarter fiscal 2026 results, with net sales increasing by 1.8% to $656.6 million. However, net income decreased by 11.7% to $54.3 million, and diluted EPS fell by 8.5% to $0.97. The company also saw a decrease in U.S. homes sold and a decline in gross profit margin.

• Net sales increased by 1.8% to $656.6 million compared to the prior-year period.
• Net income decreased by 11.7% to $54.3 million, and diluted EPS was $0.97, down 8.5%.

Mercury Systems delivered strong second quarter fiscal 2026 results, exceeding expectations with $233 million in revenue, a GAAP net loss of $15 million, and adjusted EBITDA of $30 million. The company also achieved record bookings of $288 million and a record backlog of nearly $1.5 billion, driven by accelerated progress on high-priority customer programs.

• Q2 FY26 Bookings reached $288 million, an 18.6% increase year-over-year, with a book-to-bill ratio of 1.23.
• The company achieved a record backlog of $1.5 billion, up 8.8% year-over-year.

PJT Partners Inc. achieved record performance in the fourth quarter and full year 2025, driven by strong increases in advisory and placement revenues. The company reported a 12% increase in Q4 revenues to $535.2 million and a 19% increase in Q4 GAAP pretax income to $123 million. Diluted EPS for Q4 increased by 8% to $1.97, while adjusted diluted EPS rose by 34% to $2.55.

• Record Fourth Quarter Revenues of $535.2 million, up 12% from the prior year.
• GAAP Pretax Income for Q4 increased by 19% to $123 million, with Adjusted Pretax Income up 19% to $127 million.

Varonis Systems, Inc. announced strong financial results for the fourth quarter and full-year ended December 31, 2025, driven by significant growth in its SaaS business. The company reported a 16% year-over-year increase in annual recurring revenues and a 32% increase in SaaS ARR, excluding conversions. Total revenues for Q4 2025 reached $173.4 million, up from $158.5 million in Q4 2024, with SaaS revenues more than doubling.

• Total revenues for Q4 2025 were $173.4 million, an increase from $158.5 million in Q4 2024.
• SaaS revenues for Q4 2025 were $142.3 million, significantly up from $72.2 million in Q4 2024.

Enphase Energy delivered solid profitability in Q4 2025 with strong non-GAAP margins and positive free cash flow, despite a sequential decline in revenue driven by lower safe harbor and European demand.

• Q4 2025 revenue totaled $343.32 million with continued profitability
• GAAP net income remained positive at $38.71 million

CorVel Corporation announced a 3% increase in revenue to $236 million for the quarter ended December 31, 2025, compared to the same period in the prior fiscal year. Diluted earnings per share also saw a slight increase to $0.47, up 2% from $0.46 in the previous year's quarter. The company ended the quarter with a strong cash position of $230 million and no borrowings, and repurchased $13.4 million of common stock.

• Revenue for the quarter increased by 3% to $236 million compared to the third quarter of fiscal year 2025.
• Gross profit for the quarter increased by 4% to $54.9 million, maintaining a 23% gross margin.

Cabot delivered solid profitability despite a challenging demand environment, with Performance Chemicals growth offsetting declines in Reinforcement Materials and strong cash generation supporting shareholder returns.

• Adjusted EPS declined year over year due to lower Reinforcement Materials volumes
• Performance Chemicals EBIT increased on favorable product mix and battery materials demand

Silicon Motion reported strong Q4 2025 results with double-digit sequential and year-over-year revenue growth, margin expansion, and higher earnings supported by strength across SSD controllers, eMMC/UFS, and SSD solutions.

• Revenue rose sharply quarter over quarter and year over year
• Gross and operating margins improved sequentially

Artisan Partners delivered solid Q4 2025 results with higher revenues, expanding operating margins, and double-digit growth in adjusted net income and earnings per share, supported by improved average AUM and fee rates.

• Revenue increased meaningfully in Q4 2025 driven by higher average AUM and fees
• Adjusted operating margin expanded to over 40%

Intapp, a global provider of AI-powered solutions, announced robust financial results for its fiscal second quarter ended December 31, 2025. The company reported a 28% year-over-year increase in SaaS revenue, reaching $102.5 million, and a 16% increase in total revenue to $140.2 million. Cloud ARR grew by 31% to $433.6 million, reflecting strong demand for its AI-driven solutions in highly-regulated industries.

• SaaS revenue increased by 28% year-over-year to $102.5 million.
• Total revenue grew by 16% year-over-year, reaching $140.2 million.

BellRing Brands delivered slight year-over-year revenue growth in Q1 FY2026, supported by volume gains and strong Dymatize performance, but profitability declined as gross margins were pressured by input cost inflation and unfavorable mix.

• Net sales grew modestly year over year, driven primarily by volume.
• Dymatize delivered strong double-digit growth, offsetting Premier Protein declines.

Columbia Sportswear Company announced its fourth quarter and full year 2025 financial results, reporting a 2% decrease in net sales to $1,070.2 million for Q4 2025. Operating income fell by 15% to $116.7 million, and diluted earnings per share decreased to $1.73 from $1.80 in the prior year. Despite the sales decline, gross margin expanded by 50 basis points to 51.6%.

• Net sales for Q4 2025 decreased by 2% (3% on a constant-currency basis) to $1,070.2 million compared to Q4 2024.
• Gross margin expanded by 50 basis points to 51.6% of net sales in Q4 2025, despite $20.0 million in incremental U.S. tariffs.

Capri Holdings reported lower third-quarter revenue driven by declines at Michael Kors, partially offset by growth at Jimmy Choo, while operating income and margins improved significantly following cost actions and the sale of Versace.

• Total revenue declined year over year, reflecting continued pressure at Michael Kors.
• Operating income and margins improved versus last year despite lower sales.

IAC experienced a challenging Q4 2025 with a 10% decline in total revenue to $646.0 million and a net loss of $76.8 million. Despite this, People Inc. showed strong digital revenue growth of 14%, driven by advertising, performance marketing, and licensing. The company also repurchased 1.0 million shares and increased its investment in MGM.

• Total revenue for Q4 2025 decreased by 10% to $646.0 million compared to Q4 2024.
• People Inc. Q4 Digital revenue grew 14%, marking the highest growth in five quarters.

Atkore Inc. announced its first quarter fiscal year 2026 results, reporting net sales of $655.5 million, a 0.9% decrease from the prior year. Net income fell significantly by 67.6% to $15.0 million, and Adjusted EBITDA decreased by 30.3% to $69.1 million. Despite the overall decline, the company highlighted volume growth and productivity gains, and a strategic divestiture to focus on its core electrical infrastructure portfolio.

• Net sales for Q1 2026 were $655.5 million, a 0.9% decrease compared to the prior year.
• Net income decreased by $31.3 million, or 67.6%, to $15.0 million for the quarter.

Patria delivered solid Q4 2025 results with higher management fees, strong fee-related earnings growth, and positive net income, supported by increased FEAUM and fundraising momentum.

• Management fees increased due to higher fee-earning AUM
• Fee Related Earnings margin expanded meaningfully

Madison Square Garden Entertainment Corp. announced strong fiscal second quarter results for 2026, with total revenues increasing by 13% to $459.9 million and operating income rising by 18% to $163.8 million. The Christmas Spectacular production achieved record-setting revenues and its highest attendance in 25 years, selling over 1.2 million tickets.

• Total revenues for Q2 2026 increased by 13% to $459.9 million compared to the prior year quarter.
• Operating income for Q2 2026 grew by 18% to $163.8 million, and adjusted operating income increased by 16% to $190.4 million.

Sonos started fiscal 2026 with strong performance, achieving revenue of $546 million, above the midpoint of its guidance range, and a significant increase in Adjusted EBITDA to $132 million, which expanded 45% over the prior year. The company generated more profit in Q1 than in all of Fiscal 2025, driven by coordinated execution across product innovation, marketing, and global expansion, alongside continued operational discipline.

• Q1 revenue reached $546 million, surpassing the midpoint of the guidance range.
• Adjusted EBITDA increased by 45% year-over-year to $132 million, exceeding the high-end of the guidance range.

Horace Mann reported higher fourth-quarter revenue driven by growth in premiums and contract charges, but net income and core earnings declined year over year due to lower investment results and core earnings pressure.

• Total revenue increased more than 6% year over year in Q4
• Net income declined modestly compared with the prior-year quarter

J&J Snack Foods Corp. reported a 5.2% decrease in net sales to $343.8 million for the first quarter of fiscal 2026, primarily due to its bakery business and strategic portfolio rationalization. Despite the sales decline, the company achieved a 2.2% increase in gross profit to $96.0 million and a 7.0% increase in adjusted EBITDA to $27.0 million, reflecting disciplined execution of profitability initiatives and early benefits from Project Apollo.

• Net sales decreased by 5.2% to $343.8 million, mainly driven by the bakery business and strategic portfolio rationalization.
• Gross profit increased by 2.2% to $96.0 million, with gross margin improving from 25.9% to 27.9%, attributed to Apollo transformation initiatives and favorable product mix.

Benchmark delivered solid Q4 2025 revenue growth, with non-GAAP margins expanding and strong free cash flow generation, despite lower GAAP operating income and net income due to restructuring and other charges.

• Revenue increased to over $700 million in the fourth quarter
• Non-GAAP operating margin expanded year over year

BrightView Holdings, Inc. delivered a strong start to fiscal 2026, achieving a 2.6% year-over-year increase in net service revenues to $614.7 million and a 2.7% increase in Adjusted EBITDA to $53.5 million. Despite a net loss of $15.2 million, the company reaffirmed its fiscal year 2026 guidance, driven by sustained momentum in key performance indicators and strategic investments.

• Net service revenues increased by 2.6% year-over-year, reaching $614.7 million.
• Adjusted EBITDA grew by 2.7% to $53.5 million, with the Adjusted EBITDA margin remaining stable at 8.7%.

RPC, Inc. experienced a challenging fourth quarter with revenues decreasing 5% sequentially to $425.8 million and a net loss of $3.1 million. The company's profitability was significantly impacted by the transition to expensing wireline cables, which negatively affected operating income and adjusted EBITDA. Despite these challenges, full-year revenues increased by 15% due to the Pintail Completions acquisition.

• Revenues decreased 5% sequentially to $425.8 million in Q4 2025.
• The company reported a net loss of $3.1 million, or $0.02 per share, in Q4 2025, compared to net income of $13.0 million in the prior quarter.

American Assets Trust, Inc. reported a net income of $4.2 million and FFO of $0.47 per diluted share for Q4 2025. Same-store cash Net Operating Income remained flat year-over-year for the quarter. The company also introduced 2026 annual guidance for FFO per diluted share.

• Net income available to common stockholders for Q4 2025 was $3.1 million, or $0.05 per diluted share.
• FFO for Q4 2025 was $0.47 per diluted share, compared to $0.55 per diluted share for the same period in 2024.

fuboTV announced strong Q1 fiscal 2026 results, with reported revenue up 40% year-over-year to $1.549 billion and a net loss of $19.1 million, a substantial improvement from the previous year. The company's strategic combination with Hulu + Live TV established a strong foundation with 6.2 million subscribers, and plans for a new reseller and marketing arrangement with ESPN are underway to further scale the business.

• Reported Revenue increased by 40% year-over-year to $1.549 billion, demonstrating strong growth.
• Net Loss significantly improved to $19.1 million, compared to $38.6 million in the prior year.

Matthews International delivered a strong fiscal Q1 2026 with significantly improved profitability driven by divestiture gains, higher Memorialization segment performance, and disciplined cost management, despite lower consolidated sales.

• Returned to strong GAAP profitability with net income of $43.6 million.
• Operating profit increased sharply, supported by gains on divestitures.

Digital Turbine, Inc. announced robust financial results for the fiscal third quarter ended December 31, 2025, with total revenue reaching $151.4 million, a 12% increase year-over-year. The company achieved GAAP net income of $5.1 million, a substantial improvement from a net loss in the prior year, and Non-GAAP adjusted EBITDA surged by 76% to $38.8 million, reflecting strong business momentum and operational execution.

• Total revenue for Q3 fiscal 2026 was $151.4 million, marking a 12% year-over-year increase.
• GAAP net income for the quarter was $5.1 million, or $0.03 per share, a significant turnaround from a net loss of $23.1 million in the prior year.

First Financial delivered solid Q4 2025 performance with record net interest income, higher net income, and improved efficiency, supported by continued loan growth and margin expansion.

• Net income increased year over year driven by higher net interest income
• Net interest margin expanded meaningfully compared to prior year

Replimune reported a fiscal third-quarter net loss as it continued to invest heavily in clinical development and commercial readiness for RP1 ahead of a potential regulatory decision.

• Net loss widened year over year due to higher operating expenses.
• R&D spending increased to support the IGNYTE-3 Phase 3 study and RP2 programs.

Heartland Express reported a fourth-quarter net loss driven by lower operating revenue, a weak freight environment, and a non-cash trade name impairment, partially offset by operational improvements.

• Operating revenue declined year over year amid continued freight market weakness.
• Net loss widened due to lower volumes and a $19.0 million trade name impairment.

In Q4 2025, Brandywine Realty Trust reported stable revenue but posted a net loss attributable to common shareholders, primarily due to a loss on early extinguishment of debt, while operating income and same-store NOI showed improvement.

• Net loss attributable to common shareholders was $36.9 million in Q4.
• Operating income increased year over year to $27.6 million.

During its fiscal third quarter ended December 31, 2025, Gladstone Investment Corporation reported stable investment income but a net investment loss driven by significantly higher capital gains-based incentive fee accruals, while net asset value increased materially due to unrealized appreciation.

• Total investment income was $25.1 million for the quarter.
• Net investment loss totaled $6.5 million, or $0.16 per share.

In Q4 2025, KKR Real Estate Finance Trust posted a GAAP net loss driven by higher credit loss provisions, while distributable earnings remained positive and portfolio fundamentals and liquidity stayed strong.

• Net loss attributable to common stockholders was $32.0 million in Q4.
• Distributable earnings were $14.4 million, or $0.22 per diluted share.

Transcat delivered strong performance across its entire business portfolio in the fiscal third quarter, with consolidated revenue increasing by 25.6% to $83.9 million and gross profit rising by 28.3% to $25.3 million. Despite a net loss of $1.1 million, Adjusted EBITDA* grew 27.2% to $10.1 million, driven by robust revenue growth in both service and distribution segments.

• Q3'26 Revenue increased 26% to $83.9 million.
• Q3'26 Service Revenue increased 29% to $53.7 million.

Mesa Labs reported solid third-quarter performance with organic revenue growth and a sharp increase in operating income, driven by strength in Biopharmaceutical Development and improved profitability despite continued headwinds in Clinical Genomics China.

• Organic revenue growth was driven by strong Biopharmaceutical Development performance.
• Operating income rose sharply year over year on improved volumes and cost alignment.

NRC Health concluded Q4 2025 with strong financial performance, driven by disciplined execution and customer trust. The company reported a 2% quarter-over-quarter increase in total revenue to $35.2 million and a significant 13% year-over-year increase in cash flow from operations to $7.2 million. Total Recurring Contract Value (TRCV) grew 8% year-over-year, reaching $144.1 million, marking its fifth consecutive quarter of sequential growth.

• Total revenue for Q4 2025 was $35.2 million, a 2% increase quarter-over-quarter.
• GAAP net income for Q4 2025 was $1.8 million, representing 5% of revenue.

NovaBridge Biosciences (formerly I-Mab) has transitioned to a 'Global Biotechnology Platform 3.0' model, focusing on bridging Asian innovation to global markets. The company maintains a strong cash position of $228.3 million with a runway extending into Q4 2028, while advancing a clinical-stage pipeline led by the CLDN18.2 x 4-1BB bispecific antibody, givastomig.

• Givastomig demonstrated a 75% ORR and 16.9-month mPFS in Phase 1b combination trials for 1L gastric cancer.
• The company successfully spun off its ophthalmology asset VIS-101 into a NewCo (Visara) with a 65% equity stake.

Aviat Networks reported total revenues of $111.5 million for its fiscal 2026 second quarter, a decrease of 5.7% compared to the prior year. GAAP net income grew by $1.2 million or 27.2% compared to the year-ago quarter, reaching $5.7 million. Adjusted EBITDA was $11.3 million, a decrease of $3.6 million from the fiscal 2025 second quarter.

• Achieved highest level of second quarter bookings in over a decade.
• Generated cash from operating activities in the second quarter of $23.9 million.

eGain delivered steady Q2 fiscal 2026 revenue growth alongside a significant increase in profitability, driven by strong SaaS performance, expanding margins, and disciplined operating expenses.

• Total revenue increased year over year to $23.0 million.
• SaaS revenue remained the primary contributor, representing the vast majority of total revenue.

AudioCodes announced its financial results for the fourth quarter and full year ended December 31, 2025, reporting a 1.7% year-over-year increase in quarterly revenues to $62.6 million and a 1.0% increase in quarterly services revenues to $34.6 million. The company also declared a semi-annual dividend of 20 cents per share.

• Quarterly revenues increased by 1.7% year-over-year to $62.6 million.
• Quarterly services revenues increased by 1.0% year-over-year to $34.6 million.

8x8, Inc. reported a strong third quarter for fiscal year 2026, with total revenue reaching $185.1 million and service revenue hitting a record $179.7 million. The company achieved its 20th consecutive quarter of positive cash flow from operations, which stood at $20.7 million. Net income was $5.1 million, and diluted EPS was $0.04.

• Record service revenue of $179.7 million was achieved, demonstrating strong growth.
• The company maintained its streak of positive cash flow from operations for the 20th consecutive quarter, reporting $20.7 million.

trivago delivered strong Q4 2025 performance with double-digit revenue growth driven by referral revenue across all core segments, resulting in solid profitability and positive net income.

• Total revenue grew 27% year over year in Q4 2025 to €120.0 million.
• Referral revenue increased 17% year over year across all core segments.

Unifi, Inc. reported a net loss of $9.7 million, or -$0.53 per diluted share, for the second fiscal quarter ended December 28, 2025. Net sales decreased by 12.6% to $121.4 million, primarily due to trade and tariff-related uncertainty and demand volatility. Despite the revenue decline, gross profit increased to $3.6 million from $0.5 million in the prior year, and operating loss improved to $7.3 million from $7.6 million, reflecting the positive impact of cost alignment efforts.

• Net sales for Q2 Fiscal 2026 were $121.4 million, a decrease of 12.6% from the second quarter of fiscal 2025, driven by trade and tariff-related uncertainty and demand volatility.
• The company reported a net loss of $9.7 million, or -$0.53 per diluted share, which includes $0.8 million in net restructuring costs.

Aytu BioPharma reported a decline in revenue and a net loss in fiscal Q2 2026 as the company increased investment to support the commercial launch of EXXUA, partially offset by stable performance in its ADHD portfolio.

• Total net revenue declined year over year to $15.2 million.
• ADHD portfolio remained the primary revenue contributor despite modest decline.