Reports

In Q4 2025, Coca-Cola grew net revenues and organic revenues, supported by price/mix and volume growth. Comparable EPS increased, but reported operating income declined year over year due to significant one-time impairment charges and currency headwinds.

• Organic revenues grew 5% in the quarter driven by price/mix and concentrate sales
• Comparable EPS increased despite currency headwinds

In Q4 2025, AstraZeneca reported total revenue of $15.50bn with strong contributions from Oncology and BioPharmaceuticals. Reported operating profit rose sharply year over year, and EPS growth reflected continued commercial momentum across core franchises.

• Total revenue reached $15.50bn in Q4 2025.
• Reported EPS was $1.50, while Core EPS was $2.12.

In Q4 2025, S&P Global reported strong revenue growth across all divisions, expanded adjusted operating margins, and delivered double-digit growth in net income and EPS.

• Revenue increased 9% year over year driven by broad-based growth
• Adjusted operating margin expanded to 47.3%

Gilead Sciences delivered solid Q4 2025 results with revenue growth and higher net income, supported by strong HIV and Liver Disease product demand despite a significant decline in Veklury sales.

• Total revenue increased year over year driven by HIV portfolio growth
• Net income rose significantly due to tax benefits and higher product sales

Welltower Inc. announced strong fourth quarter 2025 results, with net income attributable to common stockholders of $0.14 per diluted share and normalized FFO of $1.45 per diluted share, marking a 28.3% increase year-over-year. The company's total portfolio same store NOI grew by 15.0%, primarily driven by a 20.4% increase in its Seniors Housing Operating portfolio. Significant investment and disposition activities were completed, including $13.9 billion in pro rata gross investments and $7.5 billion in pro rata dispositions.

• Net income attributable to common stockholders was $0.14 per diluted share for Q4 2025.
• Normalized FFO attributable to common stockholders increased by 28.3% year-over-year to $1.45 per diluted share.

Spotify generated €4.53B in revenue in Q4 2025, driven by continued Premium subscriber growth and improved margins. Operating income rose sharply to €701M and net income reached €1.17B, while free cash flow remained robust at €834M.

• Revenue reached €4.53B in Q4 2025, up 7% year over year.
• Operating income improved to €701M, reflecting margin expansion.

Robinhood delivered a strong Q4 2025 with record revenue and solid profitability, supported by growth in net interest income, options trading, and continued expansion of its customer base.

• Total net revenues reached a quarterly record driven by net interest income
• Net income remained strong despite the absence of prior-year tax benefits

CVS Health delivered a strong fourth quarter, with total revenues increasing by 8.2% to $105.7 billion, driven by growth across all operating segments. GAAP diluted EPS rose significantly to $2.30, while Adjusted EPS saw a slight decrease to $1.09 due to changes in Medicare Part D program seasonality. The company also achieved record full-year revenues of $402.1 billion.

• Total revenues for Q4 2025 increased by 8.2% to $105.7 billion compared to the prior year.
• GAAP diluted EPS for Q4 2025 was $2.30, a substantial increase from $1.30 in the prior year.

In Q4 2025, Duke Energy reported operating revenues of $7.94B and net income available to common stockholders of $1.17B. Earnings were flat year over year as recovery of infrastructure investments offset higher O&M, depreciation and interest expense, while adjusted and reported EPS were both $1.50.

• Operating revenues totaled $7.94B in Q4 2025.
• Reported and adjusted EPS were both $1.50 for the quarter.

BP generated $47.383bn in sales and other operating revenues in Q4 2025 and posted an IFRS loss attributable to shareholders of $3.422bn, reflecting significant adjusting items and impairments. Underlying performance remained positive, with underlying RC profit per ADS of $0.60 and adjusted EBITDA of $8.961bn, while net debt ended the quarter at $22.182bn.

• Sales and other operating revenues were $47.383bn in Q4 2025.
• IFRS loss attributable to BP shareholders was $3.422bn (EPS per ADS: -$1.33).

Cloudflare delivered strong Q4 2025 results with robust revenue growth, solid non-GAAP profitability, and improved free cash flow, driven by large enterprise deals and continued demand for security and AI-related services.

• Revenue grew strongly year over year driven by enterprise customer demand
• Non-GAAP operating income increased despite a GAAP operating loss

Marriott International delivered strong fourth quarter and full year 2025 results, with worldwide RevPAR increasing 1.9 percent in Q4 and 2.0 percent for the full year. The company reported a net income of $445 million and adjusted diluted EPS of $2.58 for the fourth quarter, alongside significant shareholder returns and continued development pipeline growth.

• Fourth quarter 2025 worldwide RevPAR increased 1.9 percent, driven by strong international market growth.
• Reported diluted EPS for Q4 2025 was $1.65, with adjusted diluted EPS reaching $2.58.

In Q4 2025, Barclays reported stable income, higher profitability and improved capital strength, with earnings growth driven by lower impairments and disciplined cost control.

• Q4 income remained broadly stable year over year.
• Profit before tax increased, supported by lower impairments.

In Q4 2025, Ferrari generated solid revenues and strong operating profitability, supported by product mix and personalization, while total shipments declined year over year.

• Revenues increased year over year driven by richer product mix
• Operating margin remained strong in the quarter

Williams reported strong Q4 2025 performance with higher net income, record adjusted EBITDA, and robust cash generation, supporting a well-covered dividend and continued balance sheet strength.

• Fourth-quarter net income increased year over year
• Adjusted EBITDA reached a record level for the quarter

Ecolab delivered a record fourth quarter in 2025, with reported diluted EPS increasing by 19% to $1.98 and adjusted diluted EPS rising by 15% to $2.08. Net sales grew 5% to $4.2 billion, fueled by accelerating organic sales growth across most businesses and robust operating income margin expansion. The company also provided a strong outlook for 2026, anticipating continued growth in adjusted diluted EPS.

• Reported diluted EPS increased by 19% to $1.98, and adjusted diluted EPS increased by 15% to $2.08.
• Net sales grew 5% to $4.2 billion, with organic sales up 3%, driven by strong performance in Food & Beverage, Pest Elimination, and Life Sciences.

In Q4 2025, América Móvil generated 244897000000 in revenue and 19134000000 in net income, supported by EBITDA of 94928000000 and continued postpaid and broadband subscriber growth.

• Total revenue increased to 244897000000, up 3.4% year-over-year in Mexican peso terms.
• EBITDA rose to 94928000000 with an EBITDA margin of 38.8%.

In Q4 2025, Datadog delivered strong top-line growth and significant non-GAAP profitability, supported by continued expansion among large customers and strong cash flow generation.

• Revenue grew strongly year over year in Q4
• Non-GAAP operating margin remained robust

In Q4 2025, Ford generated solid revenue but reported a substantial net loss driven by EV-related asset impairments and restructuring charges, while adjusted profitability remained positive.

• Revenue reached $45.90B despite margin pressure
• Adjusted EBIT remained positive at $1.04B

Edwards Lifesciences delivered a strong fourth quarter in 2025, with total sales growing 13.3% to $1.57 billion and adjusted EPS reaching $0.58. The company's TAVR and TMTT segments showed significant growth, contributing to an overall positive financial performance for the year.

• Q4 sales increased by 13.3% to $1.57 billion, with constant currency sales growing 11.6%.
• Q4 TAVR sales grew 12.0% to $1.16 billion, and Q4 TMTT sales grew over 40% to $156 million.

AIG delivered an exceptional year in 2025, making tremendous progress against its strategy and achieving outstanding financial results. The company reported a 51% year-over-year increase in Adjusted after-tax income per diluted share for Q4 2025, reaching $1.96, and a 43% increase for the full year to $7.09. General Insurance underwriting income grew by 48% in Q4 to $670 million, contributing to a full-year underwriting income of $2.3 billion, up 22%. The Core Operating ROE for the full year was 11.1%, surpassing the 10% plus target for 2025. AIG also returned $6.8 billion of capital to shareholders during the year.

• Net income per diluted share for Q4 2025 was $1.35, compared to $1.43 in the prior year quarter.
• Adjusted after-tax income per diluted share (AATI) for Q4 2025 increased by 51% year-over-year to $1.96.

Xylem Inc. announced robust fourth-quarter and full-year 2025 results, highlighted by a 6% increase in reported revenue to $2.4 billion for the quarter and a 20% rise in adjusted earnings per share. The full year saw record revenue of $9.0 billion and a 19% increase in adjusted EPS, driven by strong execution and broad-based demand.

• Fourth-quarter orders increased by 9% on a reported basis and 7% organically, reaching $2.4 billion.
• Fourth-quarter revenue grew by 6% on a reported basis and 4% organically, totaling $2.4 billion.

In Q4 2025, Fiserv reported solid adjusted revenue and strong earnings growth, supported by stable performance across Merchant and Financial Solutions and disciplined cost execution.

• Adjusted revenue grew in line with expectations
• Adjusted EPS increased strongly year over year

Astera Labs delivered a record Q4 2025 with strong revenue growth and solid profitability, driven by demand for its AI connectivity solutions and the production ramp of Scorpio X-Series products.

• Record quarterly revenue supported by hyperscaler demand
• Strong GAAP and non-GAAP operating profitability

In Q4 2025, Philips reported solid revenue growth across all segments, strong profitability with a meaningful increase in operating income, and robust cash generation.

• Q4 revenue grew with positive performance across all business segments.
• Operating income increased sharply year over year, supported by higher gross margins and productivity.

FirstEnergy delivered robust financial results in Q4 2025, with core earnings per share surpassing guidance. The company's strategic investments in its regulated transmission and distribution systems drove substantial rate base growth and improved operational efficiency. Strong performance across all segments, particularly in stand-alone transmission, contributed to a solid close to the fiscal year.

• Q4 2025 core earnings per share exceeded the high end of guidance, reflecting strong operational performance.
• The company achieved significant growth in its regulated transmission and distribution rate base, driven by strategic capital investments.

Incyte delivered exceptional core business growth and pipeline progress in Q4 2025, with total revenue increasing by 28% year-over-year to $1.51 billion and net product revenue rising by 20% to $1.22 billion, surpassing full-year guidance. The company also reported a significant increase in GAAP net income to $299.28 million and GAAP basic EPS to $1.52.

• Total revenue for Q4 2025 increased by 28% year-over-year to $1.51 billion, primarily due to higher net product revenue and milestone and contract revenue.
• Total net product revenue for Q4 2025 grew by 20% year-over-year to $1.22 billion, driven by strong demand for Jakafi and Opzelura cream, and robust uptake of Niktimvo and Zynyz.

Quest Diagnostics closed 2025 with a strong fourth quarter, achieving a 7.1% increase in revenues to $2.81 billion and an 11.8% increase in reported diluted EPS to $2.18. For the full year, revenues grew 11.8% to $11.04 billion and reported diluted EPS increased 13.8% to $8.75. The company also announced a 7.5% increase in its quarterly dividend to $0.86 per share and provided optimistic guidance for 2026.

• Fourth quarter revenues increased by 7.1% to $2.81 billion, demonstrating strong performance.
• Reported diluted EPS for the fourth quarter rose by 11.8% to $2.18, reflecting improved profitability.

Zillow Group delivered strong fourth-quarter and full-year 2025 results, achieving all reported full-year financial targets, including positive net income. The company saw an 18% year-over-year increase in Q4 revenue to $654 million, outperforming the residential real estate industry's growth. This performance was driven by growth in For Sale and Rentals segments, along with disciplined execution of strategy and AI innovation.

• Q4 revenue increased 18% year over year to $654 million, nearing the high end of the company's outlook range.
• GAAP net income for Q4 was $3 million, representing a 990-basis-point increase year over year.

Zimmer Biomet announced robust financial results for the fourth quarter and full-year 2025, with net sales increasing by 10.9% on a reported basis to $2.244 billion. Adjusted diluted earnings per share rose by 4.8% to $2.42, reflecting strong operational performance and strategic execution.

• Fourth quarter net sales increased by 10.9% on a reported basis, reaching $2.244 billion.
• Adjusted diluted earnings per share for the fourth quarter increased by 4.8% to $2.42.

Trimble announced its fourth quarter and full year 2025 results, exceeding expectations with a revenue of $969.8 million, a 1% decrease year-over-year but a 4% increase on an organic basis. The company achieved record annualized recurring revenue of $2.39 billion, up 6% year-over-year, and reported significant improvements in gross and operating income margins.

• Fourth quarter revenue was $969.8 million, a 1% decrease year-over-year but a 4% increase organically.
• Annualized recurring revenue (ARR) reached a record $2.39 billion, growing 6% year-over-year and 14% organically.

In Q4 2025, DuPont generated $1.69B in net sales, with operating EBITDA improving year over year due to favorable mix and cost productivity. The company posted a GAAP loss from continuing operations, while adjusted EPS increased, and transaction-adjusted free cash flow strengthened.

• Net sales were $1.69B and were flat year over year in Q4 2025.
• Operating EBITDA increased to $409M, with margin expanding to 24.2%.

W. P. Carey Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2025. The company reported a net income of $148.3 million and diluted EPS of $0.67 for the fourth quarter, alongside record annual investment volume of $2.1 billion. AFFO per diluted share for the quarter was $1.27, reflecting accretive investment activity.

• Net income attributable to W. P. Carey for Q4 2025 was $148.3 million, a significant increase from $47.0 million in Q4 2024.
• Diluted earnings per share for Q4 2025 was $0.67, up from $0.21 in Q4 2024.

James Hardie delivered Q3 FY26 net sales of 1239800000 dollars, up 30% year over year, supported by acquisition contributions, while net income declined to 68700000 dollars due to higher interest and acquisition-related costs.

• Net sales increased 30% year over year to 1239800000 dollars.
• Operating income declined to 176200000 dollars, with margin of 14.2%.

Entegris, Inc. announced its financial results for the fourth quarter ended December 31, 2025, reporting net sales of $823.9 million, GAAP diluted EPS of $0.32, and non-GAAP diluted EPS of $0.70. The company highlighted strong unit-driven growth in liquid filtration, selective etch, and CMP consumables, with increased volume in advanced technologies.

• Net sales reached $823.9 million for the fourth quarter of 2025.
• GAAP diluted EPS was $0.32, reflecting the company's net income performance.

Masco Corporation's fourth quarter 2025 results showed a 2% decrease in net sales to $1,793 million and a 6% decrease in net income to $0.80 per share. Adjusted earnings per share also decreased by 8% to $0.82. The company returned $281 million to shareholders through dividends and share repurchases during the quarter.

• Fourth quarter net sales decreased 2 percent to $1,793 million.
• Fourth quarter earnings per share was $0.80; adjusted earnings per share decreased 8 percent to $0.82.

In Q4 2025, Hasbro reported revenue of $1.45B and a return to solid profitability, supported by strong performance at Wizards of the Coast and disciplined cost management. Operating income and margins improved materially year over year, while adjusted EPS exceeded reported EPS.

• Revenue totaled $1.45B in Q4 2025.
• Reported EPS was $1.41 and adjusted EPS was $1.51.

Wesco delivered record Q4 2025 revenue with double-digit growth, supported by strong organic sales and data center demand, while earnings improved modestly despite working capital pressures.

• Record Q4 revenue driven by strong organic growth across segments
• Data center sales showed significant year-over-year expansion

Suzano posted net revenue of 13114000000 reais in Q4 2025, down 8% year over year due to lower average pulp prices and FX headwinds, while maintaining strong adjusted EBITDA of 5583000000 reais and solid sales volume growth in both pulp and paper.

• Net revenue totaled 13114000000 reais, down 8% year over year.
• Adjusted EBITDA reached 5583000000 reais with a 43% margin.

Assurant, Inc. announced strong financial results for the fourth quarter and full year ended December 31, 2025, with GAAP net income increasing 12% and Adjusted EBITDA up 14% compared to the prior year quarter, driven by lower reportable catastrophes and growth in Global Housing and Global Lifestyle.

• GAAP net income increased 12% to $225.2 million in Q4 2025, primarily due to lower reportable catastrophes and higher segment earnings in Global Housing.
• Adjusted EBITDA increased 14% to $436.5 million in Q4 2025, driven by lower reportable catastrophes and growth in Global Housing.

TIM delivered net revenue of 26624721000 reais in Q4 2025, with net income reaching 4311984000 reais and operating income of 6344032000 reais, reflecting continued service revenue growth and disciplined cost control.

• Net revenue totaled 26624721000 reais, up year over year.
• Operating income reached 6344032000 reais.

Exelixis announced robust financial performance for the fourth quarter and fiscal year 2025, driven by strong demand for the cabozantinib franchise. Total revenues for Q4 2025 reached $598.7 million, with GAAP diluted EPS of $0.88. The company also provided a positive outlook for 2026, anticipating continued growth and key clinical milestones.

• Total revenues for Q4 2025 were $598.7 million, an increase from $566.8 million in Q4 2024.
• GAAP diluted EPS for Q4 2025 was $0.88, significantly up from $0.48 in Q4 2024.

Aramark reported solid first-quarter revenue growth driven by organic expansion and new business wins, while profitability was modestly affected by the fiscal calendar shift.

• Revenue increased year over year driven by organic growth
• Strong performance in FSS International segment

Pegasystems Inc. announced an extraordinary year of progress and execution in 2025, with Q4 results reflecting strong financial discipline. The company reported a 17% year-over-year growth in Annual Contract Value (ACV) and a 33% increase in Pega Cloud ACV. Cash flow from operations and free cash flow also saw substantial growth of 45% year-over-year, exceeding guidance and the Rule of 40.

• Annual Contract Value (ACV) grew 17% year over year (14% in constant currency).
• Pega Cloud ACV increased 33% year over year (28% in constant currency).

Lyft delivered record Q4 2025 results, with strong gross bookings growth and GAAP profitability largely driven by a one-time income tax benefit, while core operating trends in riders and rides remained solid.

• Gross Bookings reached a record level in Q4, reflecting strong demand growth.
• Revenue grew year over year despite legal, tax, and regulatory adjustments.

Lattice delivered solid Q4 2025 revenue growth and strong operating and free cash flow, offset by a GAAP net loss driven by expenses, while non-GAAP profitability remained positive.

• Revenue increased sequentially with strong Communications and Computing demand
• Non-GAAP profitability remained solid despite a GAAP net loss

In Q4 2025, Agree Realty reported higher revenue and net income, driven by portfolio expansion, strong leasing fundamentals, and growth in Core FFO and AFFO per share.

• Net income and EPS increased year over year
• Core FFO and AFFO per share showed solid growth

Advanced Energy Industries, Inc. announced robust financial results for Q4 2025, with revenue reaching $489 million, at the high end of guidance. GAAP EPS from continuing operations was $1.31, and non-GAAP EPS was $1.94, also towards the high end of guidance. The company achieved record cash flow from continuing operations of $235 million for the full year 2025.

• Q4 revenue was $489 million, at the high end of guidance, demonstrating strong market demand.
• Q4 GAAP EPS from continuing operations was $1.31, and non-GAAP EPS was $1.94, both at the high end of guidance, indicating solid profitability.

Klaviyo delivered outstanding results in Q4 2025, with revenue reaching $350.2 million, a 30% year-over-year increase. The company also reported a net income of $7.028 million and a non-GAAP operating income of $51.0 million. Full fiscal year 2025 revenue hit $1.2 billion, marking a 32% year-over-year growth, driven by strong customer expansion and international momentum.

• Fourth quarter revenue grew 30% year-over-year to $350.2 million, demonstrating strong market demand.
• Full year revenue reached $1.2 billion, representing a 32% year-over-year growth, highlighting a breakout year for Klaviyo.

Saia, Inc. reported fourth quarter 2025 financial results with revenue increasing slightly by 0.1% to $790.0 million, but diluted earnings per share decreased significantly to $1.77 from $2.84 in Q4 2024. Operating income also saw a substantial decline of 36.9% to $64.0 million, with the operating ratio worsening to 91.9% from 87.1%. The company attributed the decline in earnings to unexpected adverse developments late in the quarter related to accidents in prior years, driving approximately $4.7 million in elevated self-insurance related costs.

• Fourth quarter 2025 revenue increased by 0.1% to $790.0 million compared to $788.952 million in Q4 2024.
• Diluted earnings per share for Q4 2025 were $1.77, a significant decrease from $2.84 in Q4 2024.

Mirion Technologies, Inc. reported a strong fourth quarter in 2025, with revenues increasing by 9.1% to $277.4 million and GAAP net income improving by 11.9% to $17.8 million. The company also provided optimistic full-year 2026 guidance, projecting significant revenue growth and enhanced Adjusted Free Cash Flow generation.

• Fourth quarter revenues increased 9.1% to $277.4 million compared to $254.3 million in the same period of 2024.
• GAAP net income for the fourth quarter was $17.8 million, an 11.9% improvement from $15.9 million in the same period of 2024.

Axalta Coating Systems Ltd. announced record earnings for the fourth quarter and full year ended December 31, 2025. Despite a challenging economic environment, the company achieved a record Adjusted EBITDA margin of 22.0% for the full year, exceeding its A Plan target. Fourth quarter net sales decreased 4% year-over-year to $1,262 million, primarily due to lower volumes, though partially offset by favorable foreign currency translation and positive price-mix in Mobility Coatings. Net income for the quarter was $60 million, with Adjusted EBITDA at $272 million.

• Record earnings were delivered in 2025, showcasing business resilience and successful execution of the 2026 A Plan.
• Adjusted EBITDA margin reached 22.0% for the full year, one of the highest in company history and 100 basis points above the A Plan target.

Mattel achieved strong topline growth in the fourth quarter of 2025, with net sales up 7% as reported, driven by increases in North America and International segments. However, net income decreased by 25% to $106.2 million, and diluted EPS fell to $0.34 from $0.42 in the prior year. Full-year net sales were down 1%, with net income decreasing by 27%.

• Fourth quarter net sales increased by 7% to $1,766.5 million, driven by growth in both North America and International markets.
• Gross margin decreased by 480 basis points to 45.9% in Q4 2025, primarily due to higher discounts, inflation, and unfavorable foreign exchange.

GXO Logistics delivered a strong performance in Q4 2025, with revenue increasing by 7.9% year-over-year to $3.5 billion. Organic revenue grew by 3.5%. Net income was $43 million, and diluted EPS was $0.37. Adjusted EBITDA reached $255 million, up from $251 million in Q4 2024. The company also announced positive 2026 guidance, including organic revenue growth of 4%-5% and adjusted diluted EPS of $2.85-$3.15.

• Record revenue achieved for both the fourth quarter and full year 2025, demonstrating strong market performance.
• Over $1 billion in new business wins for the third consecutive year, with incremental 2026 new business revenue up 20% year-over-year.

In Q4 2025, Centrus generated solid revenue and profitability, driven primarily by higher separative work unit sales, while continuing to strengthen its strategic backlog position.

• Achieved positive net income in Q4
• Separative work units were the main revenue driver

Oscar Health generated $2.81B in total revenue in Q4 2025, reflecting continued membership growth. However, elevated medical costs drove a medical loss ratio of 95.4% and resulted in an operating loss and net loss for the quarter.

• Total revenue increased to $2.81B in Q4 2025.
• Medical loss ratio rose to 95.4%, reflecting higher utilization.

In Q4 2025, Upstart delivered strong top-line growth, returned to profitability, and improved key operating metrics, driven by higher loan originations and increased platform efficiency.

• Returned to positive net income in Q4
• Revenue grew strongly year-over-year

Red Rock Resorts announced a solid fourth quarter for 2025, with net revenues increasing by 3.2% to $511.8 million and Adjusted EBITDA growing by 5.4% to $213.3 million compared to the same period in 2024. Net income, however, saw a slight decrease of 3.5% to $84.6 million.

• Net revenues for Q4 2025 increased by 3.2% to $511.8 million, up from $495.7 million in Q4 2024.
• Adjusted EBITDA for Q4 2025 rose by 5.4% to $213.3 million, compared to $202.4 million in Q4 2024.

BlackLine, Inc. announced strong fourth-quarter results for 2025, with total GAAP revenues reaching $183.2 million, an 8.1% increase year-over-year. The company also reported a significant rise in non-GAAP operating margin to 24.7% from 18.1% in the prior year, alongside record bookings and a 9.5% increase in billings.

• Total GAAP revenues for Q4 2025 increased by 8.1% to $183.2 million compared to Q4 2024.
• Non-GAAP operating margin for Q4 2025 significantly improved to 24.7% from 18.1% in Q4 2024.

Freshworks delivered an outstanding Q4 and fiscal 2025, outperforming estimates across growth and profitability metrics for the fifth consecutive quarter, driven by strong product momentum and AI-powered software. The company achieved 14% year-over-year revenue growth in Q4 2025 and crossed half a billion dollars in annual recurring revenue for its EX business.

• Fourth quarter revenue reached $222.7 million, a 14% increase year-over-year, exceeding the high end of guidance.
• Non-GAAP operating margin was 18.7% in Q4 2025, outperforming expectations.

Highwoods delivered solid Q4 2025 results with positive net income, strong FFO generation and robust second-generation leasing activity, alongside meaningful GAAP rent growth.

• Generated positive net income and strong FFO in Q4 2025
• Signed significant second-generation leasing volume

Harley-Davidson reported a sharp revenue decline and a net loss in Q4 2025 as global shipments and wholesale activity were reduced to better align with retail demand.

• Consolidated revenue declined significantly year over year
• Motorcycle shipments and wholesale volumes were lower globally

NMI Holdings, Inc. delivered a strong fourth quarter in 2025, with net income of $94.2 million and diluted EPS of $1.20. The company achieved record financial results for the full year, with net income of $388.9 million and diluted EPS of $4.92, driven by significant NIW volume and consistent growth in its insured portfolio. The company's primary insurance-in-force grew to $221.4 billion, and it maintained a robust balance sheet.

• Net income for Q4 2025 was $94.2 million, an increase from $86.2 million in Q4 2024.
• Diluted EPS for Q4 2025 was $1.20, up from $1.07 in Q4 2024.

Hinge Health reported strong Q4 2025 performance with 46% revenue growth year over year, higher gross margins, solid operating income growth, and robust free cash flow generation.

• Revenue grew 46% year over year to 170726000 dollars.
• GAAP operating income increased to 27256000 dollars with margin expansion.

Blackbaud concluded Q4 2025 with mixed financial results, showing a GAAP total revenue of $295.3 million, a 2.3% decrease year-over-year, primarily due to the divestiture of EVERFI. However, non-GAAP organic revenue increased by 4.3%. The company achieved a GAAP net income of $36.7 million, or $0.76 per diluted share, and a non-GAAP net income of $56.9 million, or $1.19 per diluted share.

• GAAP total revenue for Q4 2025 was $295.3 million, a 2.3% decrease from Q4 2024, primarily due to the divestiture of EVERFI.
• Non-GAAP organic revenue for Q4 2025 increased by 4.3% year-over-year.

Acadia Realty Trust delivered strong fourth quarter results, with GAAP net earnings of $0.04 per share and FFO Before Special Items of $0.34 per share. The REIT Portfolio saw a significant same-property NOI increase of 6.3%, primarily driven by street and urban retail, and achieved a 93.9% occupancy rate. The company also completed substantial accretive acquisitions during the year.

• Fourth quarter GAAP net earnings were $0.04 per share, with FFO Before Special Items at $0.34 per share.
• REIT Portfolio same-property NOI increased by 6.3% in the fourth quarter, largely due to strong performance in the street and urban portfolio.

Teradata delivered stable Q4 2025 revenue with strong recurring revenue mix, expanded ARR, higher GAAP and non-GAAP earnings, and solid cash generation.

• Total revenue reached $421 million with 87% from product revenue
• Public Cloud ARR grew double digits year over year

InvenTrust Properties Corp. delivered exceptional performance in Q4 2025, with Net Income of $2.7 million and Nareit FFO of $0.47 per diluted share. The company achieved strong Same Property NOI growth of 3.0% and maintained high leased occupancy at 96.7%. Strategic acquisitions and a dividend increase further underscore a positive outlook for 2026.

• Nareit FFO for the fourth quarter was $0.47 per diluted share, an increase from $0.45 per diluted share in the same period of 2024.
• Same Property Net Operating Income (NOI) growth was 3.0% for the fourth quarter, compared to the same period in 2024.

Douglas Emmett reported Q4 2025 revenue growth with stable leasing metrics, modestly lower same property cash NOI, and a net loss attributable to common stockholders, while maintaining strong liquidity.

• Total revenue increased year over year in Q4 2025
• Office and multifamily leased rates remained high

Diodes delivered strong Q4 2025 results with 15.4% year-over-year revenue growth, higher net income, solid EBITDA generation, and continued improvement in cash flow despite margin pressure versus last year.

• Revenue grew 15.4% year over year to the high end of guidance
• GAAP net income and EPS increased compared to Q4 2024

O-I Glass delivered strong results in 2025, with adjusted earnings nearly doubling versus 2024, driven by disciplined execution of its Fit to Win strategy which delivered $300 million in benefits. The company's financial performance was consistent with recent guidance, despite softer market demand and relatively stable net sales. Segment operating profit improved significantly, and free cash flow saw a substantial increase.

• Net sales for Q4 2025 were $1.5 billion, stable compared to the prior year period, with flat average selling prices and favorable foreign currency translation offsetting a moderate decline in sales volumes.
• The company reported a net loss attributable to the company of $0.90 per share in Q4 2025, compared to a net loss of $1.00 per share in Q4 2024.

In Q4 2025, Jumia delivered strong top-line growth driven by higher GMV and orders, while materially reducing operating and EBITDA losses as cash burn improved.

• Revenue grew strongly year over year driven by marketplace momentum
• GMV growth accelerated with higher customer engagement

NETSTREIT delivered steady Q4 2025 results with high portfolio occupancy, consistent rental revenue growth, and continued balance sheet strength supported by ample liquidity.

• Portfolio occupancy remained above 99% in Q4 2025
• Rental revenue continued to grow driven by acquisitions

Gilat reported a very strong Q4 2025 with sharply higher revenue, improved operating income, and solid growth in adjusted EBITDA, reflecting strong execution across its commercial and defense businesses.

• Revenue surged year over year driven by commercial and defense growth
• GAAP operating income improved slightly versus prior year

MasterBrand reported Q4 2025 results with a decline in net sales, a GAAP net loss, and lower profitability as softer demand, tariffs, and cost pressures weighed on margins despite ongoing pricing and cost actions.

• Net sales declined year over year to $644.6 million
• Company posted a GAAP net loss in the quarter

Apollo Commercial Real Estate Finance delivered positive Q4 results with net income available to common stockholders of $26.1 million, supported by steady net interest income and distributable earnings that covered the quarterly dividend.

• Generated positive net income available to common stockholders in Q4
• Distributable earnings covered the quarterly dividend

Insperity, Inc. reported a net loss of $33 million for the fourth quarter of 2025, with diluted EPS of $(0.88). Revenues increased by 3% year-over-year to $1.7 billion, driven by a 1% increase in average paid WSEEs and higher pricing. Gross profit decreased 21% due to elevated benefits costs, partially offset by increased pricing.

• Q4 revenues increased 3% year-over-year to $1.7 billion.
• Average paid WSEEs in Q4 increased 1% to 312,377.

CTS Corporation announced robust financial results for the fourth quarter and full year 2025, with diversified end-market sales increasing significantly. The company achieved strong profitable growth, margin expansion, and cash generation, while also expanding its product offering in the transportation market and securing new business awards. Diversification remains a core strategic focus.

• Fourth quarter 2025 sales increased by 9% year-over-year to $137 million.
• Diversified end-market sales grew by 16% in Q4 2025, now representing 57% of total revenue.

LuxExperience reported Q2 FY26 net sales growth and a return to adjusted EBITDA profitability, driven by strong GMV and margin expansion at Mytheresa, partially offset by continued weakness at YOOX.

• Group returned to positive adjusted EBITDA with a 2.0% margin
• Mytheresa delivered double-digit GMV growth and strong profitability

IRADIMED CORPORATION achieved record revenue of $22.7 million in Q4 2025, a 17% increase year-over-year, and reported GAAP diluted EPS of $0.50, up 25%. The company also increased its quarterly cash dividend to $0.20 per share, reflecting confidence in future business outlook.

• Record Q4 2025 revenue of $22.7 million, a 17% increase compared to Q4 2024.
• Record Q4 2025 GAAP diluted EPS of $0.50, a 25% increase compared to Q4 2024.

InMode delivered Q4 2025 revenue growth year over year with strong gross margins and healthy operating income, supported by stable capital equipment sales and growth in consumables and services.

• Q4 revenue increased year over year to $103.9 million
• Consumables and service revenue grew 8% compared to Q4 2024

Rapid7 delivered a strong performance in Q4 2025, exceeding its own guidance for ARR, revenue, and profitability. The company reported total revenue of $217 million, a 1% increase year-over-year, and an annualized recurring revenue (ARR) of $840 million. GAAP net income was $3.1 million, or $0.05 per diluted share, with non-GAAP net income reaching $32.1 million, or $0.44 per diluted share.

• Total revenue for Q4 2025 was $217 million, a 1% increase compared to the previous year.
• Annualized Recurring Revenue (ARR) stood at $840 million, remaining flat year-over-year.

XPLR Infrastructure delivered positive net income in Q4 2025, supported by stable operating revenues, strong adjusted EBITDA and positive free cash flow before growth, reflecting continued execution on capital structure simplification.

• Q4 net income attributable to XPLR Infrastructure totaled $29 million
• Adjusted EBITDA reached $396 million in the fourth quarter

United Fire Group delivered solid Q4 2025 results with higher net income, strong premium growth, and a materially improved combined ratio driven by lower losses and disciplined expense management.

• Net income increased meaningfully year over year in Q4
• Combined ratio improved to a low-90s level

Vestis Corporation announced a solid start to fiscal 2026, with first-quarter results reflecting strong execution against its business transformation plan. The company reported revenue of $663.4 million and an operating income of $16.6 million, alongside a net loss of $6.4 million. Despite a year-over-year decrease in revenue and net income, Vestis saw sequential improvements in net loss and Adjusted EBITDA compared to the fourth quarter of fiscal 2025, driven by operational excellence initiatives.

• Revenue for the first quarter was $663.4 million, a 3.0% decrease year-over-year, primarily due to a decrease in rental revenue and changes in product sales mix.
• The company reported a net loss of $6.4 million, or $(0.05) per diluted share, a decrease of $7.2 million compared to net income in the prior year period.

MNTN reported 25% GAAP revenue growth in Q4 2025 to 87098000 dollars, expanded gross margin to 82%, and generated net income of 34477000 dollars, reflecting improved operating leverage and strong customer growth.

• GAAP revenue increased 25% year over year to 87098000 dollars.
• Gross profit rose to 71468000 dollars with gross margin expanding to 82%.

GCM Grosvenor delivered solid Q4 2025 results with higher GAAP revenue, strong net income growth, and continued momentum in fundraising and fee-related earnings.

• GAAP revenue increased year over year in the fourth quarter
• Net income attributable to GCM Grosvenor rose sharply in Q4 2025

Varex delivered Q1 FY2026 revenue of 209600000 dollars, up 5% year over year, with operating income of 15400000 dollars and net income attributable to Varex of 2300000 dollars, reflecting improved operating leverage and growth in Industrial revenue.

• Total revenue increased 5% year over year to 209600000 dollars.
• Industrial segment revenue grew 17% year over year to 64800000 dollars.

Himalaya Shipping Ltd. achieved average time charter equivalent (TCE) earnings of approximately US$32,400 per day, gross, in January 2026. The Board approved a cash distribution of US$0.06 per share for January 2026.

• Average TCE earnings for January 2026 were approximately US$32,400 per day, gross.
• The company's eleven vessels had average daily scrubber benefits of approximately US$1,100 per day.

Angi Inc. experienced a 10% decrease in revenue in Q4 2025, primarily due to a significant drop in Network Revenue following the implementation of homeowner choice. However, the company saw substantial growth in operating income by 175% and Adjusted EBITDA by 25%, driven by reduced fixed costs and improved efficiency. The company also repurchased 3.2 million common shares.

• Revenue decreased by 10% year-over-year to $240.8 million in Q4 2025.
• Operating income surged by 175% to $5.9 million, and Adjusted EBITDA increased by 25% to $39.7 million.

In Q4 2025, Canaan achieved its highest quarterly revenue in three years, supported by record computing power sold and stable bitcoin mining revenue, while reporting a net loss due to fair value adjustments and non-cash items.

• Total revenue more than doubled year over year
• Record quarterly computing power sold reached 14.6 EH/s

Ares Commercial Real Estate Corporation (ACRE) reported a GAAP net income loss of $(3.9) million, or $(0.07) per diluted common share, for the fourth quarter of 2025. Despite the GAAP loss, the company achieved Distributable Earnings of $8.5 million, or $0.15 per diluted common share, indicating a stronger operational performance from a non-GAAP perspective. The company also closed $150 million of new loan commitments subsequent to year-end and declared a first quarter 2026 dividend of $0.15 per common share.

• Fourth quarter GAAP net income (loss) was $(3.9) million, or $(0.07) per diluted common share.
• Distributable Earnings for the fourth quarter were $8.5 million, or $0.15 per diluted common share.

Organigram delivered strong Q1 Fiscal 2026 performance with robust net revenue growth, a return to net income, and materially improved adjusted EBITDA driven by Canadian market leadership and growing international sales.

• Net revenue grew strongly year over year driven by Motif acquisition and international sales
• Adjusted EBITDA increased substantially, reflecting improved operating efficiency

Evolution Petroleum reported a return to profitability in fiscal Q2 2026 with positive net income, supported by higher natural gas prices, increased production, and improved operating efficiency despite lower oil and NGL pricing.

• Returned to net income profitability in fiscal Q2
• Total production increased year over year

Upexi delivered strong top-line growth in fiscal Q2 2026 with total revenue doubling year over year, primarily from digital asset revenue, but reported a significant net loss due to large unrealized losses on digital assets and impairment charges.

• Total revenue increased to 8052040 dollars, driven by 5143513 dollars in digital asset revenue.
• Gross profit rose 126% year over year to 6711159 dollars.