Reports

Amazon delivered strong fourth-quarter results with double-digit revenue growth and higher operating income, led by continued acceleration in AWS, while North America and International segments also posted solid gains.

• AWS revenue grew strongly and remained the primary profit driver in the quarter.
• Operating income increased year over year despite higher operating costs.

Shell delivered positive earnings and strong cash flow in Q4 2025, supported by resilient upstream and integrated gas performance, while announcing higher shareholder returns through dividends and buybacks.

• Net income attributable to shareholders remained solid at over $4.1 billion.
• Free cash flow stayed positive despite lower commodity prices.

Linde reported solid Q4 2025 results with revenue growth, strong operating profit and cash flow generation, supported by pricing discipline and productivity initiatives.

• Revenue increased year over year driven by pricing and project start-ups.
• Operating profit remained strong with margins above 20%.

ConocoPhillips reported fourth-quarter 2025 earnings of $1.4 billion, or $1.17 per share, with adjusted earnings of $1.3 billion, or $1.02 per share. The company announced 2026 guidance, including capital expenditures of approximately $12 billion and adjusted operating costs of $10.2 billion, and declared a first-quarter 2026 ordinary dividend of $0.84 per share. Full-year 2025 earnings were $8.0 billion, or $6.35 per share, with adjusted earnings of $7.7 billion, or $6.16 per share.

• Fourth-quarter 2025 earnings per share were $1.17, with adjusted earnings per share of $1.02.
• The company provided 2026 guidance, including full-year capital expenditures of approximately $12 billion and full-year adjusted operating costs of $10.2 billion.

In Q4 2025, KKR generated $1.64 billion of Asset Management segment revenues, supported by higher management fees, stable fee-related earnings, and strong capital raising activity.

• Asset Management segment revenues totaled approximately $1.64 billion in Q4 2025.
• Fee Related Earnings remained strong, reflecting growth in fee-paying AUM.

In Q4 2025, Bristol-Myers Squibb delivered solid revenue growth driven by its Growth Portfolio, while GAAP earnings were impacted by acquired IPR&D charges, offset by strong non-GAAP profitability.

• Q4 revenue increased year over year, led by continued Growth Portfolio momentum.
• Non-GAAP EPS significantly exceeded GAAP EPS due to acquired IPR&D charges.

Intercontinental Exchange (ICE) delivered a robust performance in Q4 2025, with consolidated net revenues reaching $2.5 billion, an 8% increase year-over-year. The company reported GAAP diluted EPS of $1.49 and adjusted diluted EPS of $1.71. Operating income for the quarter was $1.2 billion, with an adjusted operating income of $1.5 billion, reflecting strong operational efficiency across its diversified business model.

• Q4 2025 consolidated net revenues were $2.5 billion, an 8% increase year-over-year.
• GAAP diluted EPS for Q4 2025 was $1.49, with adjusted diluted EPS at $1.71.

Barrick reported robust Q4 2025 results with higher revenue and earnings, driven by strong gold prices, disciplined cost control and solid production across its portfolio.

• Quarterly revenue increased supported by higher realized gold prices.
• Net income rose significantly compared with the prior year.

Roblox posted strong Q4 growth in revenue, bookings, and engagement metrics, with sharp increases in DAUs and hours engaged, while operating and net losses widened due to higher costs and investments.

• Revenue grew strongly year over year, driven by higher engagement and monetization.
• Bookings accelerated significantly, reflecting robust user spending.

The Cigna Group reported solid Q4 2025 performance, driven by growth in Evernorth Health Services and improved profitability, partially offset by impacts from the HCSC transaction.

• Total revenue increased year over year driven by Evernorth growth.
• Adjusted income from operations rose significantly versus prior year.

The company reported a substantial Q4 net loss primarily due to unrealized losses on digital assets under fair value accounting, while software revenues were slightly higher year over year and the company continued raising capital to support its Bitcoin strategy.

• GAAP results were dominated by unrealized losses on digital assets under fair value accounting.
• Total revenue increased slightly year over year, with strong subscription services growth offset by lower product support revenue.

In Q4 2025, Cummins generated $8.54 billion in revenue and $593 million in net income, with diluted EPS of $4.27. EBITDA margin improved to 13.5% of sales, reflecting strong execution across key segments despite charges related to the Accelera electrolyzer business.

• Fourth-quarter revenue increased to 8536000000, up year over year.
• Net income attributable to Cummins reached 593000000 in Q4 2025.

Fortinet concluded 2025 with a strong fourth quarter, exceeding guidance on billings due to broad-based demand. The company demonstrated significant growth in revenue and billings, particularly in Unified SASE and Security Operations markets, while maintaining strong operating margins and free cash flow.

• Fourth quarter 2025 revenue increased by 15% year over year to $1.91 billion.
• Product revenue for Q4 2025 grew 20% year over year to $691 million.

Thomson Reuters delivered a strong fourth quarter in 2025, with total revenues increasing by 5% to $2.009 billion and organic revenues up 7%. Adjusted EBITDA grew by 8% to $777 million, with the margin expanding to 38.7%. Diluted EPS decreased to $0.74, primarily due to lower operating profit compared to the prior year, which included significant other operating gains. The company also increased its annualized dividend by 10%.

• Total company revenues increased 5% to $2.009 billion, with organic revenues up 7% in Q4 2025.
• Adjusted EBITDA grew 8% to $777 million, and the adjusted EBITDA margin expanded by 110 basis points to 38.7%.

Digital Realty reported revenues of $1.6 billion in the fourth quarter of 2025, a 4% increase from the previous quarter and a 14% increase from the same quarter last year. The company delivered net income of $96 million, or $0.24 per share, and generated Adjusted EBITDA of $857 million. Total bookings reached $400 million of annualized GAAP rental revenue, with a significant contribution from interconnection.

• Total revenues increased by 14% year-over-year to $1.6 billion in Q4 2025.
• Net income available to common stockholders was $88 million, or $0.24 per share.

Carrier reported Q4 2025 results with stable revenue, lower GAAP earnings, and resilient adjusted profitability supported by strength in commercial HVAC and aftermarket demand.

• Revenue was stable year over year at $4.83 billion.
• GAAP earnings were pressured, resulting in low reported EPS.

In Q2 FY2026, Cardinal Health reported revenue of $65.6 billion, driven by strong performance in Pharmaceutical and Specialty Solutions. Operating earnings increased significantly, and both GAAP and non-GAAP EPS rose year over year, reflecting solid execution and margin expansion.

• Revenue increased 19% year over year to $65627000000.
• GAAP operating earnings rose 29% to $707000000.

In Q4 2025, Xcel Energy generated $3561000000 in revenue and $567000000 in net income, with diluted EPS of $0.95. Results reflected increased electric and natural gas revenues and infrastructure investment recovery, offset by higher interest, depreciation, and operating and maintenance expenses.

• Total Q4 revenue increased to $3561000000.
• Net income rose to $567000000 in the quarter.

Monolithic Power Systems delivered strong Q4 2025 results with over 20% year-over-year revenue growth, expanded operating income, and robust margins despite a tougher comparison base.

• Revenue grew over 20% year over year driven by broad-based end-market demand
• Operating income increased meaningfully compared with the prior year quarter

Atlassian delivered strong Q2 FY2026 results with double-digit revenue growth led by Cloud, expanded remaining performance obligations, and solid non-GAAP profitability despite a GAAP net loss.

• Revenue grew 23% year over year driven primarily by Cloud adoption
• Cloud revenue surpassed $1 billion for the first time in a single quarter

Reddit reported strong top-line growth in Q4 2025 with solid profitability, robust cash generation, and continued expansion in global user engagement.

• Revenue reached $726 million driven primarily by advertising growth.
• Net income was $251.6 million, reflecting strong operating leverage.

For Q4 2025, WEC Energy reported operating revenues of 2537100000 and net income of 316600000, with diluted EPS of 0.97. Adjusted EPS for the quarter was 1.42, excluding a settlement-related charge.

• Operating revenues increased to 2537100000 from 2284200000 in the prior year quarter.
• Net income declined to 316600000 from 453500000 due to a settlement charge.

Bloom Energy achieved record full-year revenues of $2.02 billion in 2025, driven by significant growth in the AI data center industry and strong demand from the C&I business. The company reported a gross margin of 29.0% for the full year and generated $113.9 million in cash flow from operating activities, marking its second consecutive year of positive free cash flow. For Q4 2025, revenue was $777.7 million, with a gross margin of 30.8% and operating income of $87.5 million.

• Record full year revenues of $2.02 billion in 2025, a 37.3% increase from 2024.
• Generated $113.9 million of cash flow from operating activities in 2025, marking the 2nd consecutive year of positive free cash flow.

IQVIA closed 2025 with strong performance across all segments, delivering near double-digit revenue and EPS growth. The company reported fourth-quarter revenue of $4,364 million and GAAP diluted EPS of $2.99. R&D Solutions saw its strongest quarter for net bookings, and both commercial and clinical businesses experienced strong topline growth. The company also provided optimistic full-year 2026 guidance.

• Fourth-quarter revenue reached $4,364 million, an increase of 10.3% on a reported basis compared to the fourth quarter of 2024.
• GAAP diluted earnings per share for the fourth quarter was $2.99, up 23.6% year-over-year.

Ventas, Inc. delivered strong performance in Q4 2025, with Net Income Attributable to Common Stockholders increasing by 15% to $0.15 per share and Normalized FFO per share growing by 10% to $0.89. The company also saw significant growth in Same-Store Cash Net Operating Income (NOI) for its senior housing operating portfolio (SHOP) and increased its quarterly dividend by 8%.

• Attributable Net Income per share increased by 15% to $0.15 in Q4 2025 compared to the prior year.
• Normalized FFO per share grew by approximately 10% to $0.89 in Q4 2025.

Hershey reported Q4 2025 results with solid top-line growth driven by pricing and acquisitions, while margins and earnings declined amid higher commodity, tariff and operating costs.

• Revenue increased 7.0% year over year to $3.09 billion.
• Reported EPS declined significantly due to cost pressures and lapping prior-year derivative gains.

Estée Lauder reported solid Q2 FY26 performance with revenue growth, a sharp turnaround to net income, and meaningful margin expansion driven by operational efficiencies and recovery initiatives.

• Revenue increased to $4.23 billion, reflecting growth across key categories.
• The company returned to net income after a prior-year loss.

Microchip delivered a strong Q3 FY2026 with revenue growth, sharp expansion in non-GAAP margins, and a return to solid GAAP profitability, reflecting operational recovery and improved demand.

• Net sales increased sequentially and year over year, exceeding prior guidance
• Non-GAAP operating margin expanded to nearly 30%

In Q4 2025, ArcelorMittal generated $14971000000 in revenue and $177000000 in net income attributable to equity holders, with EBITDA of $1593000000. Results were supported by improved mining performance and stable steel operations despite pricing and cost headwinds.

• Q4 revenue totaled $14971000000 despite lower steel shipments.
• EBITDA reached $1593000000, up sequentially driven by Mining.

Mettler-Toledo International Inc. announced a strong finish to 2025, with fourth quarter reported sales increasing 8% to $1.130 billion and adjusted diluted EPS rising 8% to $13.36. The company saw broad-based growth across all geographies and product categories, driven by effective execution in a challenging environment.

• Reported sales increased 8% year-over-year, reaching $1.130 billion in Q4 2025.
• Adjusted diluted EPS grew 8% to $13.36, up from $12.41 in the prior-year period.

Affirm reported Q2 2026 revenue of $1123000000 and net income of $129600000, reflecting continued GMV growth, improved operating leverage, and strong performance from Affirm Card and 0% APR offerings.

• Returned to solid profitability with positive net income for the quarter.
• GMV growth was driven by Affirm Card and direct-to-consumer channels.

Tradeweb Markets Inc. announced record revenues for both the fourth quarter and full year 2025, driven by strong performance across its diversified business model. The company reported a significant increase in net income and diluted EPS for the quarter, and authorized a $500 million share repurchase program.

• Total revenue for Q4 2025 increased by 12.5% to $521.2 million, with international revenues up 16.8%.
• Diluted EPS for Q4 2025 was $1.51, a 128.8% increase from the prior year period.

Equity Residential reported a decrease in EPS for Q4 2025 compared to Q4 2024, but FFO per share remained flat. For the full year 2025, the company saw an increase in both EPS and FFO per share. The company was a net seller of assets in 2025, disposing of 11 properties for approximately $1.1 billion and repurchasing common shares.

• Q4 2025 EPS decreased by 9.1% to $1.00 per share compared to $1.10 in Q4 2024.
• Q4 2025 FFO per share remained flat at $0.97 per share compared to Q4 2024.

Verisign delivered a robust performance in the fourth quarter of 2025, with revenue increasing by 7.5% to $425.3 million and diluted EPS reaching $2.23. The company also reported significant growth in domain name registrations and maintained a strong renewal rate, while returning over $1.1 billion to shareholders throughout the year.

• Fourth quarter 2025 revenue increased by 7.5% to $425.3 million compared to the same quarter in 2024.
• Diluted EPS for the fourth quarter of 2025 was $2.23, up from $2.00 in the same quarter of 2024.

In Q4 2025, BCE delivered flat revenue year over year, strong net earnings growth, and margin expansion, while adjusted EPS declined due to higher depreciation, interest expense, and acquisition impacts.

• Q4 operating revenues were $6.4 billion, essentially flat year over year
• Q4 net earnings increased to $632 million driven by higher adjusted EBITDA and investment gains

Tapestry, Inc. announced strong fiscal second quarter 2026 results, with revenue reaching $2.5 billion, a 14% increase year-over-year. The company achieved record operating profit and EPS, with GAAP diluted EPS up 94% to $2.68 and non-GAAP diluted EPS up 34% to $2.69. This performance was driven by robust growth at the Coach brand and significant operating margin expansion.

• Achieved record quarterly revenue of $2.5 billion, a 14% increase versus prior year.
• Achieved pro forma revenue growth of 18%, led by a 25% gain at the Coach brand.

SS&C Technologies announced record financial results for Q4 2025, with GAAP revenue increasing by 8.1% to $1,653.5 million and adjusted revenue also up 8.1% to $1,654.6 million. Adjusted diluted EPS rose by 18.2% to $1.69, while GAAP diluted EPS decreased by 21.4% to $0.77. The company also reported strong cash generation from operating activities, up 25.7% year-over-year.

• Q4 2025 GAAP Revenue and Adjusted Revenue both grew by 8.1%.
• Adjusted Diluted Earnings Per Share increased by 18.2% to $1.69.

Ralph Lauren Corporation delivered strong third quarter fiscal 2026 results, with revenue increasing 12% on a reported basis and 10% in constant currency, driven by healthy demand across all geographies. Adjusted diluted EPS rose 29% to $6.22, significantly ahead of prior year expectations.

• Third Quarter Revenue Increased 12% on a Reported Basis and 10% in Constant Currency, exceeding expectations, reflecting healthy demand across geographies.
• Global Direct-to-Consumer Comparable Store Sales Grew High-Single-Digits, driven by balanced growth across stores and digital; Global Wholesale Sales Increased Double-Digits.

Illumina concluded fiscal year 2025 with a strong fourth quarter, achieving a 5% increase in revenue to $1.16 billion and a significant rise in GAAP diluted EPS to $2.16. The company's non-GAAP operating margin also improved to 23.7%, indicating disciplined execution and momentum, particularly in clinical markets.

• Fourth quarter 2025 revenue reached $1.16 billion, marking a 5% increase from Q4 2024.
• GAAP diluted EPS for Q4 2025 was $2.16, a substantial increase from $0.73 in Q4 2024.

Snap-on reported Q4 2025 results with modest revenue growth, stable operating earnings before financial services, and higher net income, supported by improved activity in critical industries and resilient demand across key segments.

• Net sales increased 2.8% year over year to $1.23 billion.
• Operating earnings before financial services remained stable at $265.2 million.

IREN reported Q2 FY26 revenue of $184.7 million and a net loss of $155.4 million, reflecting lower Bitcoin mining revenue and significant non-cash items, partially offset by growing AI Cloud Services revenue.

• Total revenue declined quarter over quarter as Bitcoin mining revenue decreased.
• AI Cloud Services revenue increased as capacity continued to shift toward AI workloads.

XPO reported fourth quarter 2025 revenue of $2.01 billion, a 4.7% increase year-over-year. However, net income decreased by 22.4% to $59 million, and diluted EPS fell by 20.6% to $0.50. Adjusted diluted EPS also saw a slight decrease to $0.88. The North American Less-Than-Truckload segment showed growth in adjusted operating income, while the European Transportation segment experienced an operating loss.

• Revenue for Q4 2025 increased by 4.7% year-over-year to $2.01 billion.
• Net income decreased by 22.4% to $59 million, and diluted EPS decreased by 20.6% to $0.50.

Gen reported strong Q3 FY2026 performance with double-digit revenue growth, higher operating income, and solid non-GAAP earnings, supported by continued momentum across its consumer platforms.

• Revenue grew strongly year over year, driven by Cyber Safety and Trust-Based Solutions
• Operating income increased with significant margin expansion

Warner Music Group reported solid Q1 FY2026 performance with 10% revenue growth, higher operating income, and strong Adjusted OIBDA driven by streaming momentum across Recorded Music and Music Publishing.

• Revenue increased 10% year over year driven by Recorded Music and Music Publishing
• Operating income rose 35% reflecting strong operating leverage

Cemex introduced its 'Project Cutting Edge Sprint' business plan for 2025-2027, targeting significant growth in EBITDA and shareholder distributions. The company announced a 40% increase in its proposed cash dividend to $180 million and a new $500 million share repurchase program over three years. Additionally, Cemex reached an agreement to acquire Omega Products International to bolster its U.S. stucco business.

• Targeting a 10% EBITDA CAGR for the 2026-2027 period under the new Sprint framework.
• Proposed a cash dividend of $180 million, representing a 40% increase over the previous year.

News Corp delivered a strong second quarter for fiscal year 2026, with total revenues increasing by 6% to $2.36 billion, primarily fueled by robust performance in Dow Jones, Digital Real Estate Services, and Book Publishing. Despite this revenue growth, net income from continuing operations decreased by 21% to $242 million, largely due to the absence of a significant gain from the prior year. Adjusted EPS saw a positive increase to $0.40, up from $0.33 in the prior year, indicating underlying operational strength.

• Total revenues for the second quarter increased by 6% to $2.36 billion, compared to $2.24 billion in the prior year, driven by growth across key segments.
• Net income from continuing operations decreased by 21% to $242 million, primarily due to the absence of an $87 million gain on REA Group's sale of PropertyGuru in the prior year.

ITT Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2025. The company reported a 13% increase in Q4 revenue, with adjusted EPS up 23%. Full year results also showed significant growth in orders, revenue, and operating cash flow, positioning the company well for future strategic initiatives, including the acquisition of SPX FLOW.

• Fourth quarter revenue increased 13% year-over-year to $1,054.0 million, with organic growth of 9%.
• Adjusted earnings per share for Q4 rose 23% to $1.85, driven by improved operational performance.

In fiscal Q3 2026, RBC Bearings reported solid revenue growth led by Aerospace and Defense, expanded profitability, and strong free cash flow conversion, reflecting continued operational momentum.

• Net sales increased 17.0% year over year to $461.6 million
• Aerospace and Defense revenue grew 41.5% while Industrial rose 3.1%

Unum delivered Q4 2025 net income of $174.1 million, impacted by pension settlement and other non-recurring items, while after-tax adjusted operating income remained strong at $322.3 million, supported by stable premium growth and a robust balance sheet.

• Net income declined year over year due to significant non-recurring charges
• Adjusted operating income remained resilient despite higher benefit expenses

Regency Centers delivered an outstanding performance in Q4 2025, with Net Income Attributable to Common Shareholders reaching $1.09 per diluted share, a significant increase from $0.46 in Q4 2024. The company also reported strong Nareit FFO of $1.17 per diluted share and Core Operating Earnings of $1.12 per diluted share, alongside a 4.7% increase in Same Property Net Operating Income year-over-year.

• Net Income Attributable to Common Shareholders was $1.09 per diluted share for Q4 2025, up from $0.46 in Q4 2024.
• Nareit FFO was $1.17 per diluted share for Q4 2025, compared to $1.09 in Q4 2024.

MACOM delivered a solid start to fiscal year 2026 with revenue reaching $271.6 million, a 24.5% increase year-over-year. The company also reported a net income of $48.8 million and non-GAAP diluted EPS of $1.02, demonstrating strong operational performance and strategic execution.

• Revenue increased by 24.5% year-over-year to $271.6 million.
• GAAP net income was $48.8 million, or $0.64 per diluted share.

Reinsurance Group of America reported robust Q4 2025 results with net income of $463 million and adjusted operating income of $515 million, supported by strong investment performance and growth across most regions.

• Net income rose sharply year over year driven by strong operating performance
• Adjusted operating income benefited from favorable investment income

Huntington Ingalls Industries (HII) announced strong fourth quarter and full year 2025 results, with Q4 revenues increasing 15.7% to $3.5 billion and diluted EPS rising 28.3% to $4.04. The company achieved critical shipbuilding milestones and saw growth across all business segments, contributing to an 8.2% increase in full-year revenue to $12.5 billion.

• Q4 2025 revenue increased 15.7% to $3.5 billion, up from $3.0 billion in Q4 2024.
• Diluted earnings per share for Q4 2025 rose 28.3% to $4.04, compared to $3.15 in Q4 2024.

Encompass Health Corporation announced robust financial results for the fourth quarter ended December 31, 2025, demonstrating strong growth across key metrics. Net operating revenue increased by 9.9% to $1,544.6 million, while adjusted EBITDA grew by 15.9% to $335.6 million. Diluted earnings per share from continuing operations rose by 20.3% to $1.42, and adjusted earnings per share saw a 24.8% increase to $1.46. The company also reported a substantial increase in cash flows provided by operating activities, up 24.1% to $346.0 million, and adjusted free cash flow, up 23.6% to $235.4 million. Discharges increased by 5.3%, with same-store discharge growth at 3.2%, and net patient revenue per discharge grew by 4.1%.

• Net operating revenue increased by 9.9% to $1,544.6 million in Q4 2025 compared to Q4 2024.
• Adjusted EBITDA grew by 15.9% to $335.6 million for the fourth quarter of 2025.

Advanced Drainage Systems (ADS) delivered a strong third quarter for fiscal 2026, with net sales increasing by 0.4% to $693.4 million and net income rising by 14.3% to $94.0 million. Diluted EPS grew by 14.4% to $1.19, and Adjusted EBITDA saw a 9.3% increase to $209.2 million, reflecting improved profitability and strategic portfolio shifts towards higher-margin products. The company also announced a new $1 billion stock repurchase authorization and updated its fiscal 2026 guidance.

• Net sales increased by $2.8 million (0.4%) to $693.4 million, demonstrating continued growth despite a mixed demand environment.
• Net income rose significantly by $11.7 million (14.3%) to $94.0 million, driven by favorable price/cost dynamics and a strategic shift to higher-margin products.

Camden Property Trust reported a significant increase in EPS for Q4 2025 to $1.44, up from $0.37 in Q4 2024, driven by a substantial gain on the sale of operating properties. FFO and Core FFO also saw modest increases. The company provided initial earnings guidance for 2026, anticipating FFO per share between $6.46 and $6.76.

• EPS for Q4 2025 was $1.44, a significant increase from $0.37 in Q4 2024, primarily due to a large gain on property sales.
• FFO per diluted share increased to $1.73 in Q4 2025 from $1.68 in Q4 2024, while Core FFO per diluted share rose to $1.76 from $1.73.

In Q4 2025, Blue Owl delivered solid revenue growth and improved profitability, driven by higher management fees, strong capital raising activity, and continued expansion in assets under management.

• GAAP revenues increased to $755.6 million in Q4
• Net income attributable to Blue Owl rose to $47.7 million

Doximity delivered double-digit revenue growth in fiscal Q3 2026, generating strong net income and adjusted EBITDA margins while continuing to produce robust cash flow.

• Revenue increased 10% year over year to $185.1 million
• Net income remained strong with a 33% margin

InterDigital experienced a challenging fourth quarter in 2025 with a significant decline in revenue and diluted EPS, primarily due to lower catch-up revenue compared to the prior year. However, the full fiscal year 2025 demonstrated strong performance with record levels of net income, adjusted EBITDA, non-GAAP EPS, and free cash flow, driven by increased annualized recurring revenue and reduced operating expenses.

• Fourth quarter 2025 revenue decreased by 37% year-over-year to $158.2 million, largely due to a decline in catch-up revenue.
• Diluted EPS for Q4 2025 was $1.20, a 71% decrease from $4.09 in Q4 2024.

Arrowhead Pharmaceuticals delivered a profitable fiscal Q1 2026 driven by a significant increase in revenue, reflecting milestone and collaboration-related income, while maintaining substantial cash resources to support pipeline advancement.

• Revenue increased sharply year over year to $264.0 million
• Company generated positive operating income after prior-year losses

In Q4 2025, Flowserve generated sales of 1222191000 and total bookings of 1208900000, while reporting a net loss of 28995000 due to a one-time asbestos divestiture charge. Adjusted operating margin expanded to 16.8% and backlog increased to 2867800000.

• Sales increased to 1222191000 from 1180348000 year-over-year.
• Total bookings rose to 1208900000, up 2.9% year-over-year.

AGCO delivered strong fourth quarter results in 2025, with net sales increasing by 1.1% to $2.9 billion and adjusted operating margin reaching 10.1%. The company reported a net income of $95.5 million, or $1.30 per share, and an adjusted net income of $160.5 million, or $2.17 per share. These results reflect the team's ability to perform well amidst challenging farm income and global trade dynamics.

• Net sales for Q4 2025 increased by 1.1% to $2.9 billion compared to Q4 2024.
• Adjusted operating margin for Q4 2025 was 10.1%, reflecting strong performance despite industry pressures.

Molina Healthcare, Inc. reported a GAAP loss per diluted share of $3.15 and an adjusted loss per diluted share of $2.75 for the fourth quarter of 2025. The company's full year 2025 GAAP earnings per diluted share was $8.92 and adjusted earnings per diluted share was $11.03. The fourth quarter results were significantly impacted by unfavorable retroactive revenue items.

• Fourth quarter 2025 GAAP loss per diluted share was $3.15, burdened by approximately $2.00 of unfavorable retroactive revenue items.
• Adjusted net income for the full year 2025 was $11.03 per diluted share.

In Q4 2025, TPG delivered strong operating performance driven by growth in fee-related revenues, resulting in higher earnings and net income for the quarter.

• Fee-Related Revenues increased materially in Q4 2025
• After-tax distributable earnings per share reached $0.71

Genpact reported Q4 2025 revenue growth of 5.6% year over year with solid profitability, supported by strong demand for Advanced Technology Solutions and disciplined cost management.

• Revenue grew mid-single digits year over year
• Advanced Technology Solutions outperformed core services

Paylocity Holding Corporation reported a strong second quarter for fiscal year 2026, with total revenue increasing by 10.4% year-over-year to $416.1 million and net income reaching $50.2 million. The company also demonstrated continued growth in cash flows and repurchased $100 million in shares.

• Recurring & Other Revenue increased by 11.3% year-over-year to $387.0 million.
• Total Revenue grew by 10.4% year-over-year to $416.1 million.

AptarGroup, Inc. reported a strong 14% increase in reported sales and 5% core sales growth in the fourth quarter of 2025, with all three segments contributing to core sales growth. However, reported net income decreased by 26% to $74 million, and adjusted EBITDA margin was 19.8%, down from 23.0% in the prior year, primarily due to product mix and higher production costs.

• Reported sales increased 14% to $963 million, with core sales up 5% across all segments.
• Reported net income decreased 26% to $74 million, and reported earnings per share fell 24% to $1.13.

In Q4 2025, SiriusXM generated $2.19B in total revenue and $99M in net income, with diluted EPS of $0.24. The company delivered record quarterly free cash flow of $541M, supported by cost discipline and stronger advertising performance.

• Total revenue was $2193000000 in Q4 2025, largely flat year-over-year.
• Net income was $99000000 in Q4 2025, with diluted EPS of $0.24.

OneMain Holdings, Inc. announced a strong fourth quarter for 2025, with pretax income reaching $249 million and net income at $204 million, significantly up from the prior year. Diluted EPS also saw a substantial increase to $1.72. The company's managed receivables grew by 6% to $26.3 billion, and consumer loan originations increased by 3% to $3.6 billion.

• Net income for Q4 2025 was $204 million, a significant increase from $126 million in Q4 2024.
• Diluted EPS for Q4 2025 was $1.72, up from $1.05 in the prior year quarter.

Boyd Gaming Corporation announced strong financial results for the fourth quarter and full year ended December 31, 2025, with revenues increasing to $1.1 billion for the quarter and $4.1 billion for the full year. The company reported net income of $140.4 million for the quarter and $1.8 billion for the full year, significantly impacted by a $1.4 billion after-tax gain from the sale of its equity interest in FanDuel.

• Fourth-quarter 2025 revenues increased to $1.1 billion from $1.0 billion in the fourth quarter of 2024.
• Net income for Q4 2025 was $140.4 million, or $1.79 per share, compared to $170.5 million, or $1.92 per share, in the prior-year period.

Construction Partners, Inc. announced robust first-quarter fiscal 2026 results, with revenue increasing 44.1% to $809.5 million and Adjusted EBITDA up 63.1% to $112.2 million. The company achieved a record Adjusted EBITDA margin of 13.9% and ended the quarter with a record project backlog of $3.09 billion, reflecting strong demand and successful strategic acquisitions.

• Revenue increased by 44.1% to $809.5 million in Q1 FY26 compared to the same quarter last year.
• Adjusted EBITDA rose by 63.1% to $112.2 million, achieving a record first-quarter margin of 13.9%.

Arrow Electronics delivered a strong fourth quarter, with sales increasing 20% year-over-year to $8.7 billion and diluted EPS rising 101% to $3.75. Full-year sales grew 10% to $30.9 billion, and diluted EPS increased 50% to $10.93. The company saw meaningful momentum across both Global Components and ECS, driven by improving indicators and strong performance in value-added offerings, cloud, AI, and datacenter activity.

• Fourth-quarter 2025 sales increased 20% year-over-year to $8.746 billion, exceeding the high end of guidance.
• Diluted EPS for Q4 2025 was $3.75, a 101% increase from the prior year, also above the high end of guidance.

ESCO Technologies reported robust Q1 2026 results with sales up 35% year over year, driven by strong demand across all segments, record order intake, and meaningful adjusted EBIT margin expansion.

• Revenue increased 35% year over year to $290 million
• Entered orders reached a quarterly record of $557 million

Qualys, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2025. The company reported a 10% year-over-year revenue growth to $175.3 million for Q4 2025, with GAAP net income increasing by 21% to $53.2 million. Non-GAAP net income per diluted share reached $1.87. The company also announced a $200 million increase to its share repurchase program.

• Q4 2025 revenue increased by 10% year-over-year to $175.3 million, demonstrating solid growth.
• GAAP net income for Q4 2025 rose by 21% to $53.2 million, with GAAP net income per diluted share at $1.47.

Madison Square Garden Sports Corp. (MSG Sports) delivered a strong performance in the fiscal second quarter of 2026, with revenues increasing by 13% to $403.4 million. Operating income rose by 67% to $22.2 million, and adjusted operating income increased by 47% to $29.7 million, driven by positive momentum across all in-game revenue categories and higher national media rights fees.

• Revenues for Q2 2026 increased by $45.7 million, or 13%, to $403.4 million compared to the prior year.
• Operating income for Q2 2026 grew by $8.9 million, or 67%, reaching $22.2 million.

Post Holdings delivered Q1 FY2026 net sales of $2.17 billion with strong adjusted EBITDA growth driven by Foodservice and Weetabix, while net earnings declined due to higher interest expense and debt extinguishment costs.

• Net sales increased 10.1% year over year to $2.17 billion
• Adjusted EBITDA grew 13.1% to $418.2 million

Maximus delivered resilient first-quarter results, with revenue in line with expectations and significant improvements in diluted and adjusted diluted earnings per share compared to the prior year. The company's U.S. Federal Services segment showed strong performance, while the U.S. Services and Outside the U.S. segments experienced revenue declines, partly due to divestitures and lower volumes. The company raised its full-year earnings guidance, reflecting confidence in future performance driven by a strong pipeline and technology initiatives.

• Revenue for the first quarter was $1.35 billion, a 4.1% decrease from $1.40 billion in the prior year, consistent with expectations.
• Diluted EPS increased significantly to $1.70 from $0.69 in the prior year, and adjusted diluted EPS rose to $1.85 from $1.61.

Impinj, Inc. reported a revenue of $92.8 million for the fourth quarter of 2025, with a GAAP net loss of $1.1 million, or $0.04 per diluted share. The company achieved an adjusted EBITDA of $16.4 million and non-GAAP net income of $15.6 million, or $0.50 per diluted share. For the full year 2025, revenue was $361.1 million, with a GAAP net loss of $10.8 million and adjusted EBITDA of $69.6 million.

• Fourth quarter 2025 revenue reached $92.8 million.
• GAAP net loss for Q4 2025 was $1.1 million, or $0.04 per diluted share.

Viasat delivered Q3 FY2026 revenue growth driven by strength in Defense and Advanced Technologies, returned to net income, and generated positive free cash flow, while adjusted EBITDA declined slightly due to lower Communication Services profitability.

• Revenue increased 3% year over year to $1.2 billion
• Net income improved to $25 million from a prior-year loss

StepStone Group Inc. delivered strong financial results for the third quarter of fiscal year 2026, with total revenues reaching $586.5 million, a 73% increase from the previous year. The company reported a net loss of $162.4 million, but adjusted net income showed positive growth. Key business drivers like AUM and FEAUM also saw substantial increases.

• Total revenues surged by 73% to $586.5 million in Q3 2026 compared to the same period last year.
• Total performance fees increased by 134% to $346.6 million, driven by strong realized and unrealized carried interest allocations.

BILL delivered a strong second quarter for fiscal year 2026, with total revenue increasing by 14% year-over-year to $414.7 million and core revenue growing by 17% year-over-year to $375.1 million. The company also reported a significant beat on revenue and profitability, with non-GAAP operating income up 18% year-over-year to $74.1 million. Despite a net loss of $2.6 million, non-GAAP net income reached $73.4 million, or $0.64 per diluted share.

• Total revenue increased 14% year-over-year to $414.7 million.
• Core revenue, comprising subscription and transaction fees, grew 17% year-over-year to $375.1 million.

In Q4 2025, Bullish generated record adjusted revenue of $92.5 million and adjusted EBITDA of $44.5 million. The company reported a net loss of $563.6 million due primarily to changes in the fair value of digital assets, while core operating performance improved year over year.

• Adjusted revenue reached a record $92508000 in Q4 2025.
• Adjusted EBITDA increased significantly to $44450000 year over year.

Asbury Automotive Group announced its fourth quarter 2025 results, with total revenue increasing by 4% to $4.7 billion and gross profit rising by 6% to $793 million. However, net income decreased by 53% to $60 million, and diluted EPS fell by 53% to $3.10. Adjusted diluted EPS also saw a 10% decrease to $6.67.

• Total revenue for Q4 2025 increased by 4% to $4.7 billion, driven by growth in new vehicle, used vehicle, and parts and service revenues.
• Gross profit for Q4 2025 grew by 6% to $793 million, with a 31 bps increase in gross margin to 17.0%.

Cousins Properties experienced a net loss in Q4 2025, primarily due to impairment charges, despite strong leasing activity and strategic acquisitions. The company executed 700,000 square feet of leases and acquired 300 South Tryon in Uptown Charlotte, enhancing its Sun Belt trophy portfolio.

• Net loss available to common stockholders was $3.5 million, or $0.02 per share, in Q4 2025, down from net income of $13.6 million, or $0.09 per share, in Q4 2024, primarily due to impairment charges.
• Funds From Operations (FFO) increased to $119.5 million, or $0.71 per share, in Q4 2025, up from $108.9 million, or $0.69 per share, in Q4 2024.

Phillips Edison & Company concluded 2025 with strong momentum, reporting a net income attributable to stockholders of $47.5 million for the fourth quarter, a significant increase from the previous year. The company also achieved robust growth in Nareit FFO and Core FFO per share, alongside a healthy increase in same-center NOI, driven by strong retailer demand for grocery-anchored shopping centers.

• Net income attributable to stockholders for Q4 2025 was $47.5 million, or $0.38 per diluted share, a substantial increase from $18.1 million in Q4 2024.
• Nareit FFO for the fourth quarter increased by 5.9% to $88.8 million, or $0.64 per diluted share.

MDU Resources Group, Inc. announced its financial results for the fourth quarter of 2025, with a net income of $76.3 million and diluted earnings per share of $0.37. The company's electric utility segment saw an increase in net income, primarily driven by higher retail sales revenue, while the natural gas distribution segment also reported increased net income due to rate relief. The pipeline segment experienced a decrease in net income, largely due to the absence of certain benefits from the prior year and higher operating expenses.

• Net income for Q4 2025 was $76.3 million, an increase from $55.2 million in Q4 2024.
• Diluted earnings per share for Q4 2025 were $0.37, up from $0.27 in Q4 2024.

In Q4 2025, Magnolia generated $317627000 in revenue and $71371000 in net income, with diluted EPS of $0.37. Production reached a quarterly record of 103799 boe/d, while the company delivered $74675000 in free cash flow and maintained strong capital efficiency.

• Total revenue was $317627000, down from the prior year quarter.
• Net income totaled $71371000 with diluted EPS of $0.37.

CNO Financial Group reported Q4 2025 net income of $92.9 million and net operating income of $143.4 million, reflecting solid insurance product performance, stable investment income, and a strong capital position exiting the year.

• Net income of $92.9 million with diluted EPS of $0.95
• Net operating income reached $143.4 million, up year over year

Peabody Energy reported a net income of $10.4 million for Q4 2025, or $0.09 per diluted share, and an Adjusted EBITDA of $118.1 million. Full-year 2025 revenue was $3,861.5 million, with a net loss of $52.9 million, or $(0.43) per diluted share, and an Adjusted EBITDA of $454.9 million. The company highlighted strong operational performance, record safety, increased volumes, and focused cost control, with the Centurion longwall mining starting ahead of schedule.

• Peabody's Q4 2025 net income attributable to common stockholders was $10.4 million, or $0.09 per diluted share.
• Adjusted EBITDA for Q4 2025 was $118.1 million, compared to $176.7 million in Q4 2024.

Exponent, Inc. delivered a strong finish to 2025, with total revenues increasing 7.8% to $147.4 million in the fourth quarter of 2025 compared to the same period in 2024. Net income rose to $24.8 million, or $0.49 per diluted share, reflecting robust demand for its specialized expertise across various sectors.

• Total revenues increased 7.8% to $147.4 million in Q4 2025, up from $136.8 million in Q4 2024.
• Net income for Q4 2025 was $24.8 million, or $0.49 per diluted share, compared to $23.6 million, or $0.46 per diluted share, in Q4 2024.

CleanSpark reported a revenue of $181.2 million for Q1 fiscal year 2026, an 11.6% increase from the prior year, and a net loss of $378.7 million. The company significantly strengthened its balance sheet with $1.5 billion in total current assets, including $458.1 million in cash and $1.0 billion in bitcoin, and secured up to 890 megawatts of new utility-grade power capacity.

• CleanSpark's Q1 fiscal year 2026 revenue increased by 11.6% to $181.2 million compared to the same period last year.
• The company reported a net loss of $378.7 million, or ($1.35) per basic share, for the quarter.

Haemonetics reported third quarter fiscal 2026 revenue of $339.0 million, a 2.7% decrease compared to the prior year. Despite the revenue decline, net income increased by 19.3% to $44.7 million, and adjusted earnings per diluted share rose by 10.1% to $1.31. The company also saw strong cash flow from operating activities, up 113.8% to $93.6 million.

• Third quarter fiscal 2026 revenue was $339.0 million, down 2.7% from the prior year.
• Net income for the quarter increased by 19.3% to $44.7 million, with diluted EPS of $0.95.

COPT Defense Properties achieved excellent results in Q4 2025, with diluted EPS of $0.33 and diluted FFO per share (as adjusted for comparability) of $0.70. The company executed 735,000 square feet of total leasing, including 336,000 square feet of renewals and 125,000 square feet of vacancy leasing. The total portfolio was 94.0% occupied and 95.3% leased.

• Diluted EPS for Q4 2025 was $0.33, up from $0.31 in Q4 2024.
• Diluted FFO per share (as adjusted for comparability) for Q4 2025 was $0.70, compared to $0.65 in Q4 2024.

Coty delivered Q2 FY26 results broadly in line with expectations, with modest revenue growth driven by Prestige, a reported net loss impacted by the Wella divestiture, and very strong free cash flow that significantly reduced net debt and leverage.

• Revenue increased slightly to $1.68 billion, with Prestige offsetting Consumer Beauty declines
• Reported net loss reflected Wella divestiture and equity swap impacts

Envista Holdings Corporation delivered a strong performance in Q4 2025, with core sales growth of 10.8% and adjusted EBITDA growth of 22% year-on-year. The company also reported positive growth across all major businesses and geographies, improved employee engagement, and returned $166 million to shareholders through share repurchases for the full year.

• Q4 2025 sales reached $751 million, marking a 10.8% core sales growth compared to Q4 2024.
• Adjusted EBITDA for Q4 2025 increased by 22% year-on-year to $111 million, with an adjusted EBITDA margin of 14.8%.

Peloton Interactive, Inc. reported Q2 FY2026 financial results with total revenue of $657 million, a 3% decrease year-over-year. Despite the revenue dip, the company achieved a GAAP net loss of $39 million and an Adjusted EBITDA of $81 million, marking a 39% year-over-year increase in profitability. Ending Paid Connected Fitness Subscriptions were 2.661 million, a 7% decrease year-over-year.

• Total Revenue was $657 million, a decrease of $17 million or 3% year-over-year, primarily due to lower-than-expected Connected Fitness Product sales to existing Members.
• Adjusted EBITDA was $81 million, an increase of $23 million or 39% year-over-year, exceeding the high end of their guidance range.

Prestige Consumer Healthcare Inc. exceeded its third quarter revenue outlook and delivered solid profitability, reflecting the benefits of its diverse business model and strong financial profile. The company continued to make progress toward improving Clear Eyes® supply, increasing sales sequentially, and closed the acquisition of Pillar5 in December. Despite a challenging consumer backdrop, the company's superior free cash flow and low leverage allowed for opportunistic share repurchases.

• Revenue of $283.4 million in Q3, ahead of outlook.
• Diluted EPS of $0.97 in Q3 and Adjusted Diluted EPS of $1.14, versus prior year Q3 Diluted EPS of $1.22.

Insight Enterprises, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a 1% decrease in consolidated net sales year-over-year for Q4 2025, reaching $2.0 billion. Despite this, gross profit increased by 9% to $478.4 million, with gross margin expanding to 23.4%. Consolidated net earnings saw a significant 40% increase to $52.0 million, and diluted earnings per share rose by 69% to $1.67.

• Consolidated net sales for Q4 2025 decreased by 1% year-over-year to $2.0 billion.
• Gross profit for Q4 2025 increased by 9% year-over-year to $478.4 million, with gross margin expanding 220 basis points to 23.4%.

Synaptics delivered Q2 FY2026 revenue growth of 13% year over year driven by strong Core IoT demand, expanded gross margins on a non-GAAP basis, and solid non-GAAP profitability, despite a GAAP net loss for the quarter.

• Revenue increased 13% year over year to $302.5 million
• Core IoT product sales grew 53% year over year

Adaptive Biotechnologies delivered a strong performance in Q4 2025, with revenue increasing by 51% year-over-year to $71.7 million. The MRD business achieved profitability and contributed significantly to revenue growth, while the company also made strides in its Immune Medicine platform and secured new data partnerships.

• Revenue for Q4 2025 increased by 51% to $71.7 million compared to the prior year.
• The MRD business grew by 54% in Q4 2025 and achieved positive Adjusted EBITDA and cash flow.

NETSCOUT SYSTEMS, INC. announced strong third quarter fiscal year 2026 financial results, with revenue and earnings surpassing expectations. The company reported total revenue of $250.7 million and net income of $55.1 million, or $0.75 per diluted share. This performance was boosted by accelerated product orders and service renewals, leading to a raised midpoint for the fiscal year 2026 top- and bottom-line outlook ranges.

• Q3 FY26 revenue and earnings exceeded expectations, driven by accelerated product orders and service renewals.
• Total revenue for Q3 FY26 was $250.7 million, compared to $252.0 million in Q3 FY25.

Lionsgate reported a challenging third quarter of fiscal 2026, with total revenue declining to $970.6 million from $1.036 billion in the prior year. The Motion Picture segment experienced a significant revenue drop, while Television Production and Starz segments showed growth. The company posted a net loss of $10.0 million, a decrease from a net income of $17.6 million in the same period last year, and diluted EPS was -$0.04.

• Total revenue for Q3 fiscal 2026 decreased by 6.3% to $970.6 million compared to $1.036 billion in the prior year quarter.
• The Motion Picture segment revenue fell by 23% to $370.0 million, primarily due to a difficult comparison with the prior year's strong theatrical slate.

Power Integrations delivered Q4 2025 revenue of $103.2 million, down sequentially, while posting GAAP net income of $13.3 million and maintaining solid gross margins amid a softer demand environment.

• Q4 revenue totaled $103.2 million, down 13% quarter over quarter
• GAAP net income was $13.3 million with diluted EPS of $0.24

LiveRamp reported a robust third quarter for fiscal year 2026, with total revenue reaching $212 million, a 9% increase year-over-year. The company achieved a record GAAP operating margin of 19% and non-GAAP operating margin of 29%, alongside strong operating cash flow of $67 million. Diluted earnings per share stood at $0.62, with non-GAAP diluted earnings per share at $0.76.

• Total revenue increased by 9% year-over-year to $212 million.
• GAAP operating income expanded by 11 percentage points to $40 million, reaching a 19% margin.

Lightspeed announced robust financial results for the third quarter of fiscal year 2026, with total revenue reaching $312.3 million, an 11% increase year-over-year, surpassing expectations. The company achieved a gross profit of $133.6 million, up 15% year-over-year, with gross profit margins improving to 43%. Adjusted EBITDA stood at $20.2 million, and the company generated positive cash flow from operating activities of $28.9 million, alongside an Adjusted Free Cash Flow of $14.9 million. Customer Locations in key growth engines increased by approximately 2,600, and total GTV grew by 8% year-over-year.

• Total revenue increased by 11% year-over-year to $312.3 million, exceeding the company's outlook.
• Gross profit improved to $133.6 million, a 15% year-over-year increase, with gross profit margins reaching 43%.

Omnicell, Inc. announced solid financial results for the fourth quarter of 2025, with total revenues reaching $314 million, a 2% increase from the prior year's fourth quarter. The company reported a GAAP net loss of $2 million, or $0.05 per diluted share, for the quarter, compared to a GAAP net income of $16 million in Q4 2024. Non-GAAP net income for the quarter was $18 million, or $0.40 per diluted share. The company also highlighted the launch of its next-generation dispensing system, Titan XT, aimed at enhancing medication management.

• Total revenues for Q4 2025 were $314 million, an increase of 2% from Q4 2024, driven by strong technical service, SaaS, Expert Services, and consumables revenues.
• GAAP net loss for Q4 2025 was $2 million, or $0.05 per diluted share, a decrease from GAAP net income of $16 million, or $0.34 per diluted share, in Q4 2024.

Acadian Asset Management Inc. achieved its eighth consecutive quarter of positive net client cash flows, reaching a record-high AUM of $177.5 billion. The company also reported record quarterly management fees of $146.4 million, up 32% from the previous year, despite a decrease in U.S. GAAP net income and ENI.

• Net inflows of $5.4 billion were recorded for Q4'25, driven by Enhanced, Extension, and Emerging Markets equity strategies.
• Assets Under Management (AUM) reached a record $177.5 billion as of December 31, 2025.

Werner Enterprises experienced a challenging fourth quarter in 2025, with total revenues decreasing by 2% to $737.6 million and an operating loss of $35.8 million, a significant decline from the prior year's operating income. Diluted loss per share was $0.46, compared to earnings per share of $0.19 in the previous year. The company initiated a strategic restructuring of its One-Way Truckload business, resulting in a $44.2 million charge.

• Total revenues decreased by 2% to $737.6 million in Q4 2025.
• The company reported an operating loss of $35.8 million, a substantial decrease from $13.4 million operating income in Q4 2024.

Spectrum Brands Holdings reported a 3.3% decrease in net sales and a 6.0% decrease in organic net sales for the first quarter of fiscal 2026. Despite macroeconomic challenges, the company's Adjusted EBITDA exceeded expectations, and Global Pet Care returned to growth. Net income from continuing operations increased by 19.5% to $29.4 million, and diluted EPS from continuing operations rose to $1.25.

• Net sales decreased by 3.3% to $677.0 million, with organic net sales down 6.0% due to category demand softness and accelerated seasonal inventory build.
• Net income from continuing operations increased by 19.5% to $29.4 million, driven by lower taxes and a reduced share count.

Energizer Holdings, Inc. reported a 6.5% increase in net sales to $778.9 million for the first fiscal quarter of 2026, driven by acquisition net sales. Despite this growth, the company experienced a net loss of $3.4 million, or $0.05 per diluted share, compared to net earnings of $22.3 million in the prior year. Adjusted EBITDA decreased to $106.9 million from $140.7 million in the previous year.

• Net sales increased by 6.5% to $778.9 million, primarily due to $64.6 million in acquisition net sales.
• The company reported a net loss of $3.4 million, or $0.05 per diluted share, for the quarter.

Coursera closed 2025 with strong execution, delivering $757 million in revenue for the full year and expanding operating leverage. Fourth quarter revenue reached $197 million, a 10% increase year-over-year, primarily driven by a 12% growth in the Consumer segment. The company also announced a definitive merger agreement with Udemy to broaden its reach and enhance its platform capabilities.

• Fourth quarter revenue increased by 10% year-over-year to $196.9 million, exceeding previous year's $179.2 million.
• Full year 2025 revenue reached $757.5 million, up 9% from the prior year, demonstrating consistent growth.

Ladder Capital Corp reported a GAAP income before taxes of $15.5 million for Q4 2025, with diluted EPS of $0.13 and distributable earnings of $21.4 million, or $0.17 per share. The company highlighted achieving investment grade credit ratings and expanding access to the unsecured corporate bond market as pivotal achievements for the year.

• GAAP income before taxes for Q4 2025 was $15.5 million.
• Diluted EPS for Q4 2025 stood at $0.13.

Canada Goose Holdings Inc. reported a robust third quarter for fiscal 2026, with total revenue increasing by 10.8% to C$640.0 million. The company saw significant growth in its Direct-to-Consumer (DTC) channel, particularly in Greater China, and achieved a strong gross margin of 67.8%. Diluted EPS rose to C$1.38, demonstrating solid profitability.

• Total revenue increased by 10.8% to C$640.0 million in Q3 fiscal 2026.
• Direct-to-Consumer (DTC) revenue grew by 15.0% to C$500.0 million, driven by strong performance in Greater China.

Dorian LPG Ltd. reported strong financial results for the third quarter of fiscal year 2026, with net income rising to $47.2 million, or $1.11 per diluted share, compared to $21.4 million, or $0.50 per diluted share, in the prior year. Revenues increased by 48.7% to $120.0 million, primarily due to higher average TCE rates and an increase in available days. The company also declared an irregular dividend of $29.9 million, or $0.70 per share.

• Net income increased significantly to $47.2 million, up from $21.4 million in the prior year, reflecting strong operational performance.
• Revenues grew by 48.7% to $120.0 million, driven by higher average Time Charter Equivalent (TCE) rates and an increase in fleet available days.

Thermon achieved record third-quarter results, with revenue increasing by 9.6% to $147.3 million, driven by strong end-market demand and effective pricing. Adjusted EBITDA grew by 11.9% to $35.6 million, and new orders reached a record $158.2 million, resulting in a book-to-bill ratio of 1.1x. The company also raised its full-year fiscal 2026 guidance.

• Record third-quarter revenue of $147.3 million, up 9.6% year-over-year.
• Adjusted EBITDA increased by 11.9% to $35.6 million, with an Adjusted EBITDA margin of 24.2%.

Liquidity Services delivered a strong start to fiscal 2026 with profitability ahead of expectations, fueled by robust buyer and seller participation across its marketplace platform. The Retail segment showed strong performance due to growing multi-channel buyer engagement, while GovDeals and the Capital Assets Group (CAG) benefited from continued market share expansion in heavy equipment. The company also enhanced operating leverage through AI and automation, improving efficiency and customer experience. Cash balances stood at $181.4 million with no financial debt.

• Gross Merchandise Volume (GMV) increased by 3% to $398.0 million, while Revenue saw a slight decrease of 1% to $121.2 million.
• GAAP Net Income rose by 29% to $7.5 million, with GAAP Diluted EPS increasing by 28% to $0.23.

ScanSource, Inc. announced its financial results for the second quarter ended December 31, 2025, with net sales increasing by 2.5% year-over-year to $766.5 million. Gross profit also saw a modest increase of 1.2% to $102.9 million. However, operating income decreased by 3.1% to $17.9 million, and GAAP net income fell by 3.3% to $16.5 million. Diluted EPS increased by 7.1% to $0.75.

• Net sales for Q2 FY26 increased by 2.5% year-over-year to $766.5 million.
• Gross profit grew by 1.2% to $102.9 million, though the gross profit margin slightly decreased to 13.4%.

QuinStreet, Inc. announced financial results for the fiscal second quarter ended December 31, 2025, reporting a record quarterly revenue of $287.8 million, up 2% year-over-year. The company also reported GAAP net income of $50.2 million and adjusted EBITDA of $21.0 million, an 8% increase year-over-year. The acquisition of HomeBuddy in January significantly expanded its Home Services footprint.

• Record quarterly revenue reached $288 million, showing a 2% year-over-year increase.
• Auto Insurance revenue demonstrated strong and broadening demand, surpassing historical seasonality trends.

Udemy demonstrated strong execution in Q4 and throughout 2025, achieving 8% growth in full-year consolidated subscription revenue, which now represents 72% of total revenue. The company also expanded its full year 2025 Adjusted EBITDA Margin by 700 basis points, driven by operational excellence and cost efficiencies. Net income for the full year was positive, and the company ended the year with nearly $360 million in cash, cash equivalents, and marketable securities.

• Full year 2025 consolidated subscription revenue increased 8% year-over-year.
• Added $13 million in Net New Annual Recurring Revenue in Q4.

Embecta Corp. reported first quarter fiscal 2026 revenues of $261.2 million, a slight decrease of 0.3% on a reported basis compared to the prior year. Net income stood at $44.1 million, with diluted EPS of $0.74. The company maintained its previously provided guidance for key financial reporting metrics, emphasizing strategic initiatives to expand its product portfolio and increase financial flexibility through debt reduction.

• Reported revenues for Q1 fiscal 2026 were $261.2 million, a 0.3% decrease on a reported basis and a 2.0% decrease on an adjusted constant currency basis.
• Net income for the quarter was $44.1 million, with diluted earnings per share of $0.74, significantly up from $0.0 million and $0.00 in the prior year period.

Green Plains Inc. announced strong financial results for the fourth quarter and full year 2025, with net income attributable to the company reaching $11.9 million, or $0.17 per diluted share, a substantial improvement from a net loss in the prior year. Adjusted EBITDA also saw a significant increase to $49.1 million, driven by higher margins in the ethanol production segment and the benefit of 45Z production tax credits.

• Net income attributable to Green Plains was $11.9 million, or $0.17 per diluted share, a significant turnaround from a net loss of $54.9 million in Q4 2024.
• Adjusted EBITDA increased to $49.1 million, including $23.4 million in 45Z production tax credit value, compared to a negative $18.2 million in Q4 2024.

Alpha and Omega Semiconductor (AOS) reported a revenue of $162.3 million for the fiscal second quarter of 2026, a decrease of 11.1% from the prior quarter and 6.3% from the same quarter last year. The company experienced a GAAP net loss of $13.3 million, or $0.45 per diluted share, and a non-GAAP net loss of $4.7 million, or $0.16 per diluted share. Despite the overall decline, the company noted strength in Communications, particularly sales to a Tier One U.S. smartphone customer, reflecting market share gains and increased BOM content on premium platforms.

• Revenue for Q2 2026 was $162.3 million, an 11.1% decrease quarter-over-quarter and a 6.3% decrease year-over-year.
• GAAP net loss was $13.3 million ($0.45 per diluted share), while non-GAAP net loss was $4.7 million ($0.16 per diluted share).

i3 Verticals reported a modest 0.9% increase in revenue from continuing operations to $52.7 million for the first quarter of fiscal 2026. Net income from continuing operations decreased to $1.1 million from $2.8 million in the prior year's first quarter. The company also completed the acquisition of a motor vehicle insurance verification software company for $60.0 million in cash.

• Revenue from continuing operations increased by 0.9% to $52.7 million compared to the prior year's first quarter.
• Net income from continuing operations decreased to $1.1 million from $2.8 million in the prior year's first quarter.

Magnera delivered a strong first quarter, with net sales increasing by 13% to $792 million and operating income reaching $14 million. Adjusted EBITDA grew by 11% to $93 million, reinforcing the company's full-year 2026 guidance for Adjusted EBITDA and free cash flow. The company also made $27 million in debt payments, demonstrating confidence in cash flow generation.

• Net sales increased by 13% to $792 million, driven by a merger and favorable foreign currency changes.
• Operating income was $14 million, a significant improvement from a loss of $22 million in the prior year.

Malibu Boats, Inc. reported a challenging second quarter for fiscal year 2026, with net sales decreasing by 5.8% to $188.6 million and a net loss of $2.5 million, compared to a net income of $2.4 million in the prior year. Adjusted EBITDA also saw a significant decline of 52.5% to $8.0 million.

• Net sales decreased by 5.8% to $188.6 million, primarily due to lower unit volumes across all segments and an unfavorable model mix.
• The company reported a GAAP net loss of $2.5 million, a significant decline from a net income of $2.4 million in the same period last year.

IBEX Limited announced strong financial results for its second fiscal quarter ended December 31, 2025, with record revenue of $164.2 million, a 16.7% increase year-over-year, and diluted EPS of $0.83, up 44.9%. The company also reported record adjusted EBITDA and adjusted EPS, leading to an upward revision of its fiscal year 2026 guidance for revenue and adjusted EBITDA.

• Record second quarter Revenue, Adjusted EBITDA, EPS, and Adjusted EPS were achieved.
• Revenue grew 16.7% versus the prior year quarter, marking the fourth consecutive quarter of double-digit growth.

MasterCraft Boat Holdings, Inc. announced robust financial results for the second quarter of fiscal 2026, with net sales reaching $71.8 million, a 13.2% increase year-over-year. Income from continuing operations per diluted share grew from $0.03 to $0.15, and Adjusted EBITDA more than doubled to $7.5 million, indicating strong operational performance and effective cost controls.

• Net sales for the second quarter increased by $8.4 million, or 13.2%, to $71.8 million, driven by favorable model mix, options sales, higher unit volumes, and increased prices.
• Income from continuing operations rose to $2.5 million, or $0.15 per diluted share, up from $0.4 million, or $0.03 per diluted share, in the prior-year period.

SelectQuote, Inc. reported a strong second quarter for fiscal year 2026, with consolidated revenue increasing to $537.1 million from $481.1 million in the prior year. Net income also saw a significant rise to $69.3 million, up from $53.2 million, demonstrating robust financial performance despite some market headwinds.

• Consolidated revenue for Q2 FY26 reached $537.1 million, an increase from $481.1 million in Q2 FY25.
• Net income for Q2 FY26 was $69.3 million, up from $53.2 million in the same period last year.

Marine Products delivered strong Q4 2025 revenue growth driven by higher boat sales and pricing, but profitability declined year over year due to higher operating expenses and tax impacts, resulting in lower net income and margins.

• Net sales increased 35% year over year to $64.6 million.
• Net income declined 45% year over year to $2.4 million.

Alpine Income Property Trust concluded Q4 2025 with strong financial performance, achieving a 22.7% increase in AFFO per share for the quarter and a record $277.7 million in total investments for the year. The company also announced a 5.3% increase in its quarterly common dividend and provided optimistic 2026 earnings guidance.

• AFFO per share increased by 22.7% in Q4 2025 compared to the prior year period.
• Total investments for the full year 2025 reached a record $277.7 million.