Reports

Booking delivered 16% revenue growth in Q4 2025, with net income rising to $1.428 billion and adjusted EPS of $48.80, supported by solid gross bookings growth and improved margins.

• Revenue increased to $6349000000 in Q4 2025.
• Net income grew to $1428000000 with margin expansion.

Analog Devices delivered revenue of 3160263000, up 30% year-over-year, with operating income more than doubling to 997026000. Diluted EPS increased to 1.69, while adjusted EPS reached 2.46. Industrial and Communications led growth, and free cash flow totaled 1259202000 for the quarter.

• Revenue grew 30% year-over-year driven by broad strength across all end markets.
• Operating income increased 103% year-over-year with operating margin expanding to 31.5%.

Progressive delivered a robust performance in the first quarter of 2026, driven by substantial increases in net premiums written and earned across its segments. The company maintained a strong combined ratio, indicating efficient underwriting, which translated into significant growth in net income and earnings per share. Policies in force also saw healthy expansion, reflecting successful customer acquisition and retention strategies.

• Net premiums written surged by 18% to $18.9 billion, demonstrating strong market penetration and customer demand.
• Net premiums earned increased by 17% to $17.5 billion, reflecting effective premium recognition and policy growth.

DoorDash delivered 38% revenue growth in Q4 2025, driven by a 32% increase in total orders and 39% growth in Marketplace GOV, while generating $213 million in GAAP net income and $780 million in Adjusted EBITDA.

• Revenue increased to 3955000000 in Q4 2025.
• Total Orders grew to 903000000.

Moody's Corporation announced record results for the fourth quarter and full year 2025, with revenue increasing by 13% to $1.9 billion in Q4 2025 and 9% to $7.7 billion for the full year. Diluted EPS grew 57% to $3.41 in Q4 2025, and adjusted diluted EPS increased by 39% to $3.64, reflecting strong operating income growth and margin expansion.

• Moody's Corporation revenue increased 13% to $1.9 billion in Q4 2025, with foreign currency translation favorably impacting revenue by 2%.
• Diluted EPS for Q4 2025 was $3.41, a 57% increase from the prior-year period, driven by strong revenue and operating income growth.

CRH generated 9416000000 in revenue in Q4 2025, with net income of 1037000000 and Adjusted EBITDA of 2028000000, reflecting continued pricing momentum, acquisitions and disciplined cost control.

• Total revenues increased to 9416000000 in Q4 2025.
• Net income rose to 1037000000 with net income margin of 11.0%.

Carvana delivered record Q4 2025 revenue of 5603000000 and net income of 951000000, driven by 163522 retail vehicle unit sales and continued operational efficiencies, while maintaining strong adjusted EBITDA generation.

• Retail vehicle unit sales increased to 163522 in Q4 2025.
• Revenue rose to 5603000000 compared to 3547000000 in Q4 2024.

Occidental generated 5423000000 in revenue in Q4 2025 and reported a net loss attributable to common stockholders of 68000000, while producing 1481 Mboed and delivering 2600000000 in operating cash flow and 963000000 in free cash flow before working capital.

• Revenue totaled 5423000000 in Q4 2025.
• Net loss attributable to common stockholders was 68000000.

Garmin delivered record Q4 revenue of $2,124,955,000, up 17% year-over-year, with operating income rising to $614,154,000 and net income of $528,681,000. Growth was led by Fitness, Aviation, and Marine, while Auto OEM declined slightly. Margins remained strong with gross margin at 59.2% and operating margin at 28.9%.

• Record fourth quarter revenue increased 17% year-over-year driven by strong Fitness demand.
• Operating income grew 19% year-over-year with margin expansion to 28.9%.

eBay generated $2965000000 in revenue in Q4 2025, with GMV reaching $21237000000 and GAAP net income from continuing operations of $525000000, while delivering $478000000 in free cash flow and returning $756000000 to shareholders.

• Revenue increased to 2965000000 in Q4 2025.
• GMV reached 21237000000, up year-over-year.

Verisk generated fourth-quarter revenue of 778800000, up 5.9% year-over-year, with net income of 197200000 and diluted EPS of 1.42. Adjusted EBITDA increased to 436600000, driving a 56.1% margin, while free cash flow rose to 276100000. Growth was led by Underwriting, partially offset by a slight decline in Claims.

• Revenue increased 5.9% year-over-year, or 5.2% on an organic constant currency basis.
• Adjusted EBITDA rose 9.8% with margin expanding to 56.1%.

Kinross Gold Corporation delivered an excellent Q4 2025, meeting all key guidance metrics and achieving record financial performance. The company reported robust margins and record free cash flow, significantly increasing returns to shareholders through share buybacks and dividends. Strategic investments in U.S.-based projects and continued exploration success position Kinross for sustained production and growth.

• Record margins of $2,847 per Au eq. oz. sold in Q4 2025, an 82% increase year-over-year.
• Attributable free cash flow reached a record $769.4 million in Q4 2025.

Texas Pacific Land Corporation (TPL) concluded 2025 with an excellent fourth quarter, achieving record consolidated revenues of $211.6 million, net income of $123.3 million, and diluted EPS of $1.79. The company also reported record quarterly oil and gas royalties production of 37.5 thousand Boe per day and record water sales revenue of $60.7 million.

• Achieved record fiscal year consolidated revenues, net income, and free cash flow.
• Achieved record quarterly oil and gas royalties production, water sales volumes, and produced water royalties volumes.

Edison International generated fourth quarter 2025 net income of 1848000000 and GAAP EPS of 4.80, compared to 340000000 and 0.88 in the prior year period, reflecting higher earnings at Southern California Edison and favorable non-core items.

• Fourth quarter net income increased to 1848000000 from 340000000 year over year.
• GAAP EPS rose to 4.80 compared to 0.88 in Q4 2024.

Pan American generated Q4 2025 revenue of 1179000000, net earnings of 452000000 and adjusted earnings of 470000000, supported by 7278000 ounces of silver production and strong margins, delivering record operating cash flow of 554000000.

• Revenue reached 1179000000 compared to 815000000 in Q4 2024.
• Net earnings increased to 452000000 with basic EPS of 1.07.

Tenaris generated Q4 2025 net sales of 2995133000 and net income of 461063000, with EBITDA of 716859000 and a 23.9% EBITDA margin, while maintaining a net cash position of 3321973000.

• Net sales reached 2995133000 compared to 2845226000 in Q4 2024.
• Net income totaled 461063000 with EPS of 0.44 per share.

American Water generated fourth quarter 2025 operating revenues of 1271000000 and net income of 238000000, with GAAP EPS of 1.22 and adjusted EPS of 1.24, driven primarily by authorized rate increases in its regulated businesses.

• Fourth quarter GAAP EPS was 1.22 and adjusted EPS was 1.24.
• Operating revenues increased to 1271000000 from 1201000000 year over year.

Insulet generated fourth quarter revenue of 783800000, up 31.2% year-over-year, led by 33.5% growth in Total Omnipod revenue. Gross margin expanded to 72.5% and operating income reached 146300000, representing 18.7% of revenue. Net income was 101600000 with diluted EPS of 1.44.

• Total revenue increased 31.2% year-over-year, exceeding guidance.
• Total Omnipod revenue grew 33.5%, driven by strong U.S. and international demand.

Reliance, Inc. reported a strong fourth quarter in 2025 with net sales up 11.9% year-over-year to $3.5 billion and record tons sold up 5.8%. Full year 2025 net sales increased 3.3% to $14.3 billion, with record annual tons sold up 6.2%. The company repurchased $594.1 million of common stock in 2025 and increased its quarterly dividend by 4.2%.

• Net sales for Q4 2025 increased by 11.9% year-over-year, reaching $3,498.6 million.
• Diluted EPS for Q4 2025 was $2.22, an increase of 15.0% compared to Q4 2024.

Global Payments Inc. announced strong fourth quarter and full year 2025 results, with adjusted EPS increasing 11% constant currency for the quarter and 11% for the full year. The company completed the acquisition of Worldpay and divestiture of Issuer Solutions, repositioning itself as a pure-play merchant solutions provider. A new share repurchase authorization of $2.5 billion was announced, along with a $550 million accelerated share repurchase plan.

• Fourth quarter 2025 GAAP diluted EPS was $0.92, with adjusted EPS of $3.18, an 11% increase in constant currency.
• Fourth quarter 2025 GAAP revenue was $1.90 billion, and adjusted net revenue was $2.32 billion, a 6% increase in constant currency ex-dispositions.

Western Midstream Partners, LP reported record fourth-quarter and full-year 2025 results, driven by increased Delaware Basin throughput and cost reduction initiatives. The company exceeded its full-year Adjusted EBITDA and Free Cash Flow guidance ranges, completed the acquisition of Aris Water Solutions, and sanctioned key infrastructure projects. They also announced a distribution increase for 2026 and provided optimistic financial guidance.

• Fourth-quarter 2025 Net income attributable to limited partners was $187.2 million, with Adjusted EBITDA of $635.6 million.
• Full-year 2025 Net income attributable to limited partners reached $1.154 billion, and Adjusted EBITDA was $2.481 billion, exceeding guidance.

In Q4 2025, Alamos Gold generated record revenue of $575300000 and net earnings of $434900000, supported by an average realized gold price of $3998 per ounce. The Company delivered strong free cash flow of $156900000 despite higher costs and operational challenges at its Canadian operations.

• Record quarterly revenue of $575300000 driven by higher realized gold prices
• Net earnings of $434900000 with adjusted net earnings of $227600000

JLL delivered strong Q4 2025 results with revenue of 7608700000 and net income of 401700000, supported by robust growth in Leasing Advisory and Capital Markets Services, margin expansion, and improved platform leverage.

• Revenue increased to 7608700000, up double digits year over year.
• Diluted EPS rose sharply to 8.34, reflecting strong profitability.

Invitation Homes delivered a solid performance in the fourth quarter of 2025, with total revenues increasing 4.0% to $685 million and net income available to common stockholders increasing 1.0% to $144 million. Core FFO per share increased 1.3% to $0.48, and Same Store NOI grew 0.7% year over year.

• Total revenues increased 4.0% year over year to $685 million in Q4 2025.
• Net income available to common stockholders increased 1.0% to $144 million, or $0.24 per diluted common share.

Nordson Corporation achieved record first quarter sales of $669 million, a 9% increase year-over-year, driven by strong organic growth across all segments, particularly in the semiconductor space. Diluted earnings per share increased by 44% to $2.38, and adjusted diluted earnings per share rose by 15% to a record $2.37. The company also increased its full-year guidance for sales and earnings.

• Sales reached a first quarter record of $669 million, marking a 9% increase year-over-year.
• Diluted earnings per share were $2.38, a 44% increase from the prior year.

CF Industries Holdings, Inc. announced robust results for the fourth quarter ended December 31, 2025, with net earnings attributable to common stockholders reaching $404 million, or $2.59 per diluted share. Adjusted EBITDA for the quarter was $821 million, reflecting strong operational performance and favorable market conditions. The company also returned $1.7 billion to shareholders in 2025 through share repurchases.

• Net earnings attributable to common stockholders for Q4 2025 were $404 million, a significant increase from $328 million in Q4 2024.
• Adjusted EBITDA for Q4 2025 was $821 million, up from $562 million in the same period last year, indicating strong operational profitability.

Royal Gold achieved record revenue of $375.3 million and record operating cash flow of $241.7 million in Q4 2025. The company's performance was significantly boosted by higher average gold, silver, and copper prices, as well as initial revenue from the Kansanshi stream and Sandstorm and Horizon acquired assets. Despite a loss on marketable securities, the company maintained a strong adjusted EBITDA margin of 82%.

• Record revenue of $375.3 million was achieved in Q4 2025, an 85.3% increase from the prior year period.
• Record operating cash flow reached $241.7 million, up from $141.1 million in Q4 2024.

Clean Harbors delivered Q4 2025 revenue of 1499696000 and net income of 86590000, with operating income rising to 158446000 and Adjusted EBITDA increasing to 278689000, supported by solid Environmental Services growth and improved SKSS margins.

• Revenue increased 5% year over year to 1499696000.
• Operating income rose 16% to 158446000.

Omnicom's fourth quarter of 2025 saw a substantial revenue increase to $5.5 billion, up 27.9% from the previous year, largely due to the Interpublic Group acquisition. However, the company reported a net loss of $941.1 million and an operating loss of $977.2 million, primarily impacted by significant acquisition-related and repositioning costs. Despite these losses, Non-GAAP Adjusted EBITA showed a healthy margin of 16.8%.

• Revenue increased by $1.2 billion, or 27.9%, to $5.5 billion in Q4 2025, primarily due to constant currency growth and the inclusion of one month of IPG acquisition revenue.
• The company reported a net loss of $941.1 million and a diluted loss per share of $4.02, a significant decrease from the prior year, mainly due to IPG acquisition-related and repositioning costs.

Host Hotels & Resorts, Inc. announced robust results for the fourth quarter and full year 2025, with comparable hotel Total RevPAR growing 5.4% for the quarter and 4.2% for the full year. The company also reported significant capital allocation activities, including asset sales and reinvestments in its portfolio, and returned substantial capital to stockholders.

• Comparable hotel Total RevPAR increased by 5.4% in Q4 2025 compared to Q4 2024, reaching $380.71.
• Net income for Q4 2025 was $137 million, a 25.7% increase from $109 million in Q4 2024.

Coca-Cola Consolidated delivered a successful year in 2025, achieving the highest levels of revenue, gross profit, and operating income in the company's history. The fourth quarter saw a 9% increase in net sales and an 8% increase in gross profit, driven by strong volume performance and pricing actions. Income from operations also increased by 10.7% in the fourth quarter.

• Net sales for Q4 2025 increased by 9% to $1.9 billion compared to Q4 2024.
• Gross profit for Q4 2025 was $754.2 million, an 8.1% increase from Q4 2024.

Coeur delivered record Q4 2025 revenue of $674.7 million and net income of $215.0 million, supported by higher realized gold and silver prices, strong production across operations, and disciplined cost management, generating $313.3 million in free cash flow.

• Revenue rose to $674.7 million in Q4 2025 from $305.4 million a year earlier.
• Net income reached a record $215.0 million with adjusted EPS of $0.35.

Equinox Gold delivered record Q4 production and revenue following its merger with Calibre and the ramp-up of the Greenstone and Valentine mines. The company significantly transformed its balance sheet with over $1.1 billion in debt reduction and initiated its first-ever quarterly dividend.

• Achieved record Q4 gold production of 247,024 ounces and revenue of $987.8 million.
• Successfully declared commercial production at the Valentine mine in November 2025.

Figma, Inc. reported a strong fourth quarter for 2025, with revenue reaching $303.8 million, an increase of 40% year-over-year, surpassing previous guidance. The company achieved a non-GAAP operating income of $44.0 million and a 13% operating cash flow margin, driven by platform and AI adoption.

• Fourth quarter revenue increased by 40% year-over-year to $303.8 million, exceeding Figma's guidance.
• Net Dollar Retention Rate rose to 136%, indicating strong customer expansion and platform adoption.

HF Sinclair posted Q4 2025 sales of 6464000000 and a net loss of 28000000, or -0.16 per diluted share, primarily reflecting refining headwinds and inventory valuation impacts, while adjusted EBITDA reached 564000000.

• Q4 net loss attributable to stockholders was 28000000, or -0.16 per diluted share.
• Adjusted EBITDA totaled 564000000 compared to 28000000 in the prior year quarter.

In Q4 2025, Charles River generated $994227000 in revenue, down 0.8% year-over-year. The company reported a GAAP net loss of $276555000 and operating loss of $283440000, primarily due to intangible asset and goodwill impairments, while non-GAAP EPS was $2.39.

• Revenue declined 0.8% year-over-year to $994227000.
• GAAP operating margin was (28.5)% due to significant impairment charges.

OGE Energy generated fourth quarter 2025 net income of 69200000, down from the prior year, as regulatory timing impacts and higher expenses offset load growth, while customer growth and energy demand remained solid.

• Q4 net income was 69200000, or 0.34 per diluted share, compared to 101900000, or 0.50 per diluted share, in Q4 2024.
• OG&E contributed 78200000 in net income, while other operations posted a loss of 9000000.

Molson Coors Beverage Company experienced a challenging fourth quarter and full year in 2025, with net sales decreasing by 2.7% and 4.2% respectively. U.S. GAAP income before income taxes saw a significant decline of 23.1% for the quarter and a loss for the full year, largely impacted by a substantial goodwill impairment charge. Despite these challenges, the company maintained strong cash generation and returned capital to shareholders.

• Net sales decreased 2.7% reported and 4.0% in constant currency for Q4 2025.
• U.S. GAAP income before income taxes decreased 23.1% to $266.3 million for Q4 2025.

In Q4 2025, Osisko generated revenues of 90465000 and net earnings of 65245000, reflecting continued strength across its royalty and stream portfolio. The Company delivered operating income of 70136000 and strong operating cash flows of 83538000, ending the year debt-free with a solid cash balance.

• Quarterly revenues increased to 90465000 from 56742000 year-over-year
• Net earnings rose to 65245000 compared to 7105000 in Q4 2024

Jackson Financial Inc. announced excellent fourth quarter and full year 2025 results, driven by record retail annuity sales and strong adjusted operating earnings. The company exceeded its capital return target for the year and ended with a robust capital position.

• Record retail annuity sales of $5.9 billion in Q4 2025, a 27% increase from Q4 2024.
• Adjusted operating earnings reached a record $6.61 per diluted share in Q4 2025, up from $4.65 in Q4 2024.

Wingstop demonstrated operational excellence in Q4 2025, opening 124 net new restaurants and achieving a 9.3% increase in system-wide sales. Total revenue grew to $175.7 million, and net income remained stable at $26.76 million. The company also reported a 15% Adjusted EBITDA growth for the full fiscal year 2025.

• Total revenue for Q4 2025 increased to $175.7 million from $161.8 million in the prior fourth quarter.
• Net income for Q4 2025 was $26.76 million, comparable to $26.75 million in the prior fourth quarter.

ICL generated $1.701 billion in Q4 2025 sales, up 6% year over year, with adjusted EBITDA of $380 million. The company reported a net loss of $73 million and operating loss of $16 million, mainly due to $239 million in unusual adjustments.

• Q4 sales increased 6% year over year to $1.701 billion.
• Adjusted EBITDA rose 10% year over year to $380 million.

Camtek delivered record Q4 2025 revenue of 128124000 with improved gross margins and higher net income, supported by strong demand across semiconductor markets.

• Q4 revenue increased 9% year over year to 128124000.
• GAAP gross margin expanded to 50.0% and non-GAAP gross margin reached 51.1%.

Ternium generated fourth quarter 2025 net sales of 3775000000 and net income of 171000000, with Adjusted EBITDA of 395000000 and strong operating cash flow of 528000000, while continuing heavy capital investment.

• Q4 net sales were 3775000000, reflecting lower realized steel prices.
• Adjusted EBITDA reached 395000000 with a 10.5% margin.

B2Gold reported a strong finish to 2025, with Q4 consolidated gold production of 303,029 ounces exceeding expectations. The company achieved record annual revenue of over $3 billion. While Q4 AISC was higher than expected at $1,754 per ounce due to timing of shipments and higher royalties, the company maintained a robust liquidity position with $380 million in cash and declared a Q1 2026 dividend of $0.02 per share.

• Achieved record annual revenue of $3.06 billion for the full year 2025.
• Goose Mine reached commercial production on October 2, 2025, contributing 38,616 ounces in Q4.

Clearwater Analytics delivered a strong end to 2025 with Q4 revenue of $217.5 million, up 72% year-over-year. The company achieved a record Non-GAAP gross margin of 79.2% and Adjusted EBITDA of $74.1 million, an increase of 78% year-over-year, driven by GenAI investments and internal efficiencies. The company also announced a definitive agreement to be acquired for approximately $8.4 billion.

• Fourth quarter 2025 revenue increased by 72% year-over-year to $217.5 million.
• Adjusted EBITDA grew by 78% year-over-year to $74.1 million, with an Adjusted EBITDA margin of 34.1%.

For Q4 2025, Blue Owl generated total investment income of 447750000 and net investment income of 192260000, or 0.38 per share. Net assets resulting from operations increased by 119085000 during the quarter, while NAV per share declined slightly to 14.81. The company maintained strong credit quality with only 1.1% of investments on non-accrual at fair value.

• GAAP net investment income of 192260000, or 0.38 per share
• Total investment income of 447750000 for the quarter

For Q4 2025, Blue Owl Technology Finance Corp generated total investment income of 320575000 and net investment income of 123813000, or 0.26 per share. Net assets resulting from operations were 205817000, while NAV per share increased to 17.33. The portfolio reached 14286039000 at fair value with low non-accrual levels of 0.2% at fair value.

• Net investment income of 123813000, or 0.26 per share
• Adjusted NII per share of 0.30

Bausch + Lomb generated fourth-quarter 2025 revenue of 1405000000, up 10% year over year, with operating income of 112000000 and Adjusted EBITDA of 326000000. The company reported a GAAP net loss of 58000000, while adjusted EPS improved to 0.32.

• Revenue increased 10% year over year to 1405000000.
• Vision Care revenue rose to 778000000, driven by contact lenses and consumer products.

Enpro generated Q4 2025 net sales of 295400000, up 14.3% year over year, with Adjusted EBITDA of 69400000 and adjusted diluted EPS of 1.99, while reporting a GAAP net loss of 32000000 driven by a non-cash pension settlement loss.

• Net sales increased 14.3% to 295400000, with organic growth of 9.9%.
• GAAP net loss was 32000000, impacted by a 67200000 non-cash pension settlement charge.

Global-e delivered record Q4 2025 results with revenue of 336657000 and net profit of 62452000, driven by 37.8% GMV growth and strong operating leverage, leading to substantial expansion in operating profit and free cash flow.

• Q4 GMV increased 37.8% year over year to 2360577000.
• Revenue grew 28% year over year to 336657000, led by both service fees and fulfillment services.

Wyndham Hotels & Resorts delivered a strong performance in Q4 2025, with system-wide rooms growing 4% year-over-year and a record 870 development contracts awarded globally. Despite negative U.S. RevPAR pressure, the company grew full-year comparable-basis adjusted EBITDA by 4% and adjusted EPS by 6%, while also increasing its quarterly cash dividend by 5%.

• System-wide rooms grew 4% year-over-year, reaching 868,900 rooms globally.
• The company awarded a record 870 development contracts globally in 2025, an 18% increase year-over-year.

In Q4 2025, Avis generated revenue of 2664000000 and reported a net loss of 747000000 attributable to the company. Results were heavily impacted by a 518000000 long-lived asset impairment tied to changes in its EV fleet strategy, while Adjusted EBITDA was 5000000. Americas revenue declined year-over-year, partially offset by growth in International.

• Revenue of 2664000000, down 2% year-over-year
• Net loss attributable to Avis of 747000000

ONE Gas announced its fourth quarter and full year 2025 financial results, reporting diluted earnings per share of $1.42 and adjusted net income per diluted share of $1.48 for Q4 2025. The company also provided non-GAAP adjustments to capture the full impact of a regulatory mechanism intended to mitigate regulatory lag.

• Fourth quarter 2025 net income was $86.3 million, or $1.42 per diluted share, compared with $77.0 million, or $1.34 per diluted share, in the same period last year.
• Fourth quarter 2025 adjusted net income was $89.7 million, or $1.48 per diluted share, compared with $77.5 million, or $1.35 per diluted share, in the same period last year.

Grand Canyon Education, Inc. announced strong fourth-quarter 2025 results, with service revenue increasing by 5.3% to $308.1 million and net income rising by 5.9% to $86.7 million. Diluted EPS also saw a significant increase to $3.14. The growth was primarily driven by a 7.1% increase in university partner enrollments.

• Service revenue increased by 5.3% to $308.1 million in Q4 2025, up from $292.6 million in Q4 2024.
• Net income for Q4 2025 was $86.7 million, a 5.9% increase from $81.9 million in Q4 2024.

Macerich experienced a significant improvement in its financial performance for the fourth quarter of 2025, with a net loss of $18.8 million compared to a $211.2 million loss in the same period last year. Funds from Operations (FFO) excluding certain financing expenses and non-real estate investment impacts increased to $128.9 million, or $0.48 per share-diluted. The company also saw a 1.7% increase in Go-Forward Portfolio Centers net operating income (NOI) and achieved a record 7.1 million square feet in signed leases for the year.

• Net loss attributable to the Company improved significantly to $18.8 million in Q4 2025 from $211.2 million in Q4 2024, primarily due to fewer asset sale/write-down losses.
• FFO excluding specific financing expenses and non-real estate investment impacts increased to $128.9 million, or $0.48 per share-diluted, in Q4 2025, up from $116.7 million, or $0.47 per share-diluted, in Q4 2024.

Radian generated $300,512,000 in total revenue for Q4 2025, with net income from continuing operations of $158,802,000 and diluted EPS of $1.15. Mortgage insurance in force reached a record $282.5 billion, while loss ratio increased to 9.1% amid higher new defaults. Liquidity strengthened significantly during the quarter.

• Net income from continuing operations was $158.8 million, with diluted EPS of $1.15.
• Total revenue reached $300.5 million, driven by $237.2 million in net premiums earned.

Travel + Leisure generated Q4 2025 net revenue of 1026000000, up 6% year over year, with Gross VOI sales of 638000000 and Adjusted EBITDA of 272000000. The company reported a net loss of 61000000, primarily due to 210000000 in inventory write-downs and impairments.

• Net revenue increased 6% year over year to 1026000000.
• Gross VOI sales rose 8% to 638000000, driven by 5% tour growth and 2% VPG growth.

Dana Incorporated announced robust financial performance for the fourth quarter of 2025, with sales reaching $1.9 billion, an increase from $1.8 billion in the same period of 2023. The company's adjusted EBITDA for the quarter was $208 million, representing an 11.1 percent margin, significantly higher than the $84 million (4.7 percent margin) reported in Q4 2024. This improvement was primarily driven by cost-savings actions and efficiency enhancements, alongside increased demand for light truck programs.

• Fourth-quarter 2025 sales totaled $1.9 billion, an increase from $1.8 billion in Q4 2023, driven by increased demand for light truck programs.
• Adjusted EBITDA for Q4 2025 was $208 million, an 11.1 percent margin, compared to $84 million (4.7 percent margin) in Q4 2024, primarily due to cost-savings and efficiency improvements.

CVR Energy experienced a net loss of $110 million in Q4 2025, a significant decrease from a net income of $28 million in Q4 2024. However, the full-year 2025 results showed a net income of $27 million, an improvement from $7 million in full-year 2024. The company's refining operations demonstrated strong throughput volumes and attractive crack spreads, while the Renewables Segment was impacted by the reversion of the RDU to hydrocarbon processing and associated accelerated depreciation.

• Net loss attributable to CVR Energy stockholders was $110 million for Q4 2025, compared to net income of $28 million for Q4 2024.
• Full-year 2025 net income attributable to CVR Energy stockholders was $27 million, up from $7 million in full-year 2024.

Broadstone Net Lease, Inc. announced its operating results for the fourth quarter and full year ended December 31, 2025. The company reported a net income of $35.0 million for the quarter and $99.4 million for the full year. Diluted EPS for the quarter was $0.17, and for the full year, it was $0.50. The company achieved same-store rental revenue growth of 2.9% for the quarter and 2.0% for the full year, driven by strong contractual rent increases and leasing activity. Investment activity for the quarter totaled $315.3 million, including new property acquisitions, build-to-suit developments, and transitional capital.

• Net income for Q4 2025 was $35.0 million, with diluted EPS at $0.17.
• Achieved same-store rental revenue growth of 2.9% in Q4 2025, driven by strong contractual rent increases and leasing activity.

Constellium generated $2201000000 in Q4 2025 revenue, up 28% year over year, with net income of $113000000 and Adjusted EBITDA of $280000000. Strong segment performance and a positive $67000000 non-cash metal price lag impact supported results, while the company generated $218000000 in operating cash flow and repurchased $40000000 of shares.

• Revenue increased 28% year over year to $2201000000.
• Net income improved to $113000000 from a prior-year loss.

Kadant Inc. announced strong fourth-quarter and fiscal year 2025 results, with record revenue of $286.2 million in Q4, an 11% increase year-over-year. The company also reported a gross margin of 43.9% and adjusted EBITDA of $58 million, representing 20.3% of revenue. Operating cash flow increased by 17% to $61 million, and bookings rose by 12% to $270 million.

• Fourth quarter revenue increased 11% to a record $286.2 million, driven by acquisitions and favorable foreign currency translation.
• Gross margin improved by 50 basis points to 43.9% in the fourth quarter.

The Cheesecake Factory generated 961558000 in revenue in Q4 fiscal 2025 and reported net income of 28775000, with diluted EPS of 0.60 and adjusted diluted EPS of 1.00, despite a 2.2% decline in comparable sales at The Cheesecake Factory restaurants.

• Total revenue increased to 961558000 in Q4 fiscal 2025.
• Net income was 28775000 with diluted EPS of 0.60.

OPENLANE delivered 9% year-over-year revenue growth in Q4 2025 to $494,300,000, driven by 12% growth in auction and related fees. Net income from continuing operations was $59,500,000, while adjusted EBITDA reached $76,000,000. Operating profit declined year over year due to prior-year gains, but core marketplace activity remained solid.

• Revenue increased 9% YoY to $494,300,000, led by auction fee growth.
• Net income from continuing operations rose to $59,500,000.

The Vita Coco Company reported a strong fourth quarter and full year 2025, with Q4 net sales reaching $128 million and full year net sales increasing by 18% to $610 million. Net income for Q4 was $6 million, and full year net income increased to $71 million. Adjusted EBITDA for Q4 was $14 million, and full year Adjusted EBITDA reached $98 million.

• Fourth quarter net sales increased by $0.5 million to $128 million, driven by strong Vita Coco Coconut Water growth.
• Full year net sales grew 18% to $610 million, with Vita Coco Coconut Water growth of 26%.

In Q4 2025, Taseko generated revenue of 243767000 with net income of 4454000 and Adjusted EBITDA of 116464000. Copper production increased to 30700000 pounds, supported by higher grades and recoveries, while C1 costs improved to 2.47 per pound.

• Revenue increased to 243767000 driven by higher copper sales volumes and prices.
• Net income was 4454000 while adjusted net income reached 41525000.

Oceaneering concluded 2025 with strong operational execution, delivering fourth quarter adjusted EBITDA at the high end of its guidance range, driven by robust free cash flow. Despite a challenging environment, the company achieved its seventh consecutive year of adjusted EBITDA growth for the full year, with all operating segments showing improvements.

• Fourth quarter 2025 revenue decreased by 6% to $669 million compared to the fourth quarter of 2024.
• Net income for Q4 2025 significantly increased by 217% to $178 million, including a discrete tax benefit.

Cinemark Holdings, Inc. achieved its highest post-pandemic revenue of $3.1 billion for FY 2025, with a net income of $141.5 million and Adjusted EBITDA of $577.9 million. The company entertained over 44 million moviegoers in Q4 2025, surpassing industry benchmarks and increasing market share. It also returned $315 million to shareholders and reinvested $219 million in capital expenditures.

• Achieved highest post-pandemic revenue of $3.1 billion for FY 2025.
• Reported $141.5 million of FY 2025 Net Income and $577.9 million of Adjusted EBITDA with an 18.6% Adjusted EBITDA margin.

Remit Global delivered Q4 2025 revenue of 442177000, net income of 41216000, and Adjusted EBITDA of 88584000, driven by 9300000 active customers and send volume of 20800000000.

• Revenue increased to 442177000 from 351895000 year over year.
• Net income improved to 41216000 compared to a net loss of 5724000.

American States Water Company reported diluted earnings per share of $0.74 for the fourth quarter of 2025, a $0.01 decrease compared to the same period in 2024. However, on an adjusted basis, excluding one-time tax benefits and retroactive rates from 2024, diluted EPS increased by $0.18 per share. The company saw increased earnings across all operating business segments for the full year 2025.

• Reported consolidated diluted EPS decreased by $0.01 to $0.74 in Q4 2025 compared to Q4 2024.
• Adjusted diluted EPS increased by $0.18 per share in Q4 2025, excluding specific one-time tax benefits and retroactive rate impacts from Q4 2024.

Neptune Insurance Holdings Inc. reported a strong fourth quarter in 2025 with revenue growth of 39% to $43.8 million and adjusted EBITDA growth of 34% to $25.9 million. Despite a net income decrease of 63% due to IPO-related expenses, adjusted net income grew by 25%. The company also achieved record quarterly new business sales.

• Revenue grew by 39% to $43.8 million in Q4 2025.
• Adjusted EBITDA increased by 34% to $25.9 million, with a 59% margin.

LCI Industries delivered a very strong fourth quarter of 2025, with net sales increasing 16% to $933 million and operating profit more than doubling. This performance was primarily driven by organic growth in RV OEM, market share gains, and contributions from acquired businesses, despite a challenging wholesale environment.

• Net sales increased 16% to $933 million, primarily due to organic growth in RV OEM.
• Operating profit margin expanded 180 bps to 3.8% from 2.0% in the prior year.

Kaiser Aluminum Corporation delivered strong fourth quarter and full year 2025 results, exceeding internal expectations for the fifth consecutive quarter. The company saw significant increases in net sales and net income, driven by favorable metal pricing and improved product mix, despite some challenges in commercial aerospace and new coating line ramp-up.

• Fourth quarter 2025 net sales increased 21% year-over-year to $929 million.
• Net income for Q4 2025 was $28 million, or $1.68 per diluted share.

SiriusPoint delivered net income of $240.0 million in Q4 2025, driven by improved underwriting results, lower catastrophe losses, and solid premium growth. The company achieved a 90.0% combined ratio and 44.9% annualized ROE, reflecting strong operational execution.

• Net income available to common shareholders was $240.0 million with diluted EPS of $1.97.
• Combined ratio improved to 90.0%, reflecting disciplined underwriting and lower catastrophe losses.

OneSpaWorld generated Q4 2025 total revenues of 242127000, up 11% year over year, with net income of 12062000 and Adjusted EBITDA of 31214000, reflecting fleet expansion and higher guest spend.

• Total revenues increased 11% to 242127000 driven by fleet expansion and higher revenue days.
• Net income was 12062000, or 0.12 per diluted share, impacted by 5700000 of restructuring and impairment charges.

Brookdale Senior Living Inc. announced its fourth quarter and full year 2025 results, showing a decrease in consolidated revenue and an improved net loss compared to the prior year. The company's full year 2025 Adjusted EBITDA of $458 million exceeded the midpoint of its guidance range, and consolidated weighted average occupancy improved by 310 basis points over the prior year quarter. The company also successfully refinanced a significant portion of its 2026 and 2027 mortgage debt maturities.

• Full year 2025 consolidated revenue per available unit (RevPAR) increased by 5.7% over the prior year, exceeding the midpoint of guidance.
• Fourth quarter 2025 consolidated weighted average occupancy improved by 310 basis points over the prior year quarter due to strong move-in volume.

Teekay Tankers generated GAAP net income of $120.5 million in Q4 2025, supported by firm spot tanker rates and fleet optimization activities. The company produced $111.8 million of free cash flow and maintained a strong liquidity position.

• GAAP net income was $120461000 with GAAP EPS of $3.47.
• Adjusted net income reached $96964000, reflecting strong operating performance.

Sonic Automotive delivered a mixed performance in Q4 2025, with total revenues slightly down by 1% to $3.9 billion, but achieved a record total gross profit of $598.7 million, an increase of 4% year-over-year. Reported net income decreased by 20% to $46.9 million, or $1.36 per diluted share, primarily due to a non-recurring income tax charge. Adjusted net income, excluding certain items, was $52.2 million, down 2%, with adjusted EPS up 1% to $1.52.

• Total revenues for Q4 2025 were $3.9 billion, a 1% decrease year-over-year.
• Record total gross profit of $598.7 million was achieved in Q4 2025, up 4% year-over-year.

In Q4 2025, Mister Car Wash generated 261243000 in net revenues, up 4% year-over-year, with net income of 20071000 and diluted EPS of 0.06. Adjusted EBITDA increased 10% to 85955000, supported by 7% growth in Unlimited Wash Club memberships and 1.6% comparable-store sales growth.

• Net revenues increased 4% to 261243000.
• Comparable-store sales rose 1.6% during the quarter.

Fresh Del Monte generated $1019500000 in Q4 2025 net sales with net income attributable to the company of $31900000. Gross profit rose to $106000000 and operating income reached $46000000, reflecting improved pricing and operational execution across business segments.

• Net sales increased to $1019500000 in Q4 2025.
• Net income attributable to Fresh Del Monte was $31900000.

ARMOUR Residential REIT, Inc. delivered a strong performance in Q4 2025, with GAAP net income available to common stockholders reaching $208.7 million, or $1.86 per common share. The company's total economic return for the quarter was 10.63%, contributing to a full-year economic return of 12.79%. Net interest income stood at $50.4 million, and distributable earnings available to common stockholders were $79.8 million, or $0.71 per common share. The book value per common share increased by 6.5% to $18.63.

• GAAP net income available to common stockholders was $208.7 million, or $1.86 per common share.
• Total economic return for Q4 2025 was 10.63%, with the full year 2025 total economic return at 12.79%.

SolarEdge generated Q4 2025 revenue of 335358000 with GAAP gross profit of 74471000 and gross margin of 22.2%. The company reported a GAAP net loss of 132121000 and operating loss of 48310000, while free cash flow reached 43336000 during the quarter.

• Revenue reached 335358000, representing strong year-over-year growth.
• GAAP gross margin improved to 22.2% from negative levels a year ago.

Borr Drilling generated total operating revenues of $259400000 in Q4 2025 and delivered Adjusted EBITDA of $105200000. The company reported a net loss of $1000000 while maintaining high technical and economic utilization rates.

• Total operating revenues were $259400000 for the quarter.
• Adjusted EBITDA reached $105200000.

Liberty Latin America generated revenue of 1243000000 in Q4 2025, supported by growth in mobile subscribers and continued cost discipline. The company delivered Adjusted OIBDA of 463000000 while reporting a net loss for the quarter.

• Revenue totaled 1243000000 in the fourth quarter.
• Adjusted OIBDA reached 463000000 with solid margin performance.

Okeanis Eco Tankers Corp. announced robust financial performance for Q4 2025, with revenues reaching $126.9 million, a substantial increase from $85.2 million in Q4 2024. The company's profit surged to $59.5 million, up from $13.2 million in the prior year, leading to an EPS of $1.76. Cash reserves also saw a significant boost, more than doubling to $122.5 million.

• Revenues for Q4 2025 increased by 49% to $126.9 million, compared to $85.2 million in Q4 2024.
• Profit for Q4 2025 was $59.5 million, a significant rise from $13.2 million in Q4 2024.

Costamare Inc. reported a net income of $72.6 million for Q4 2025, with an adjusted net income of $71.8 million. The company's liquidity stood at $589.6 million. For the full fiscal year 2025, net income was $370.989 million and adjusted net income was $375.616 million. The company also announced significant forward fixtures for its containership fleet, securing substantial contracted revenues for 2026 and 2027.

• Q4 2025 Net Income from Continuing operations available to common stockholders was $72.6 million, with an EPS of $0.60.
• Q4 2025 Adjusted Net Income from Continuing operations available to common stockholders was $71.8 million, with an adjusted EPS of $0.60.

In Q4 2025, PROG Holdings generated $574.6 million in revenue, down year-over-year, with net earnings from continuing operations of $19.9 million and diluted EPS of $0.49. Adjusted EBITDA remained resilient at $61.5 million despite softer GMV at Progressive Leasing and continued investment in growth initiatives.

• Total revenue declined 5.2% year-over-year to $574586000.
• Net earnings from continuing operations were $19914000, down from the prior year period.

Herbalife concluded 2025 with strong momentum, achieving Q4 net sales of $1.3 billion, a 6.3% year-over-year increase, and adjusted EBITDA of $156.1 million, exceeding guidance. The company also saw significant new distributor growth in North America and Latin America, alongside a strategic investment from Cristiano Ronaldo in its Pro2col technology.

• Fourth quarter 2025 net sales reached $1.3 billion, marking a 6.3% increase year-over-year, with a 5.5% rise on a constant currency basis.
• Adjusted EBITDA for Q4 2025 was $156.1 million, with an adjusted EBITDA margin of 12.2%, demonstrating strong profitability.

Amplitude concluded Q4 2025 with strong financial performance, highlighted by a 17% year-over-year increase in Annual Recurring Revenue to $366 million and a 17% increase in quarterly revenue to $91.4 million. The company also achieved record full-year Free Cash Flow of $23.5 million, demonstrating improved operational efficiency and liquidity.

• Annual Recurring Revenue reached $366 million, marking a 17% year-over-year increase.
• Fourth quarter revenue grew by 17% year-over-year to $91.4 million.

ProPetro demonstrated strong performance in Q4 2025, with revenue of $290 million and net income of $1 million, or $0.01 per diluted share. The company's Adjusted EBITDA increased significantly to $51 million, representing 18% of revenue, driven by effective cost management. The PROPWR segment showed substantial growth with increased equipment orders and committed capacity, positioning the company for future expansion despite challenging market conditions in the completions business.

• Revenue for Q4 2025 was $290 million, a slight decrease from the prior quarter but reflecting resilience amidst market challenges.
• Net income for Q4 2025 was $1 million, or $0.01 per diluted share, a turnaround from a net loss in the previous quarter.

MFA Financial generated GAAP net income available to common stockholders of 43614000 in Q4 2025, or 0.42 per diluted share. Net interest income was 55481000, while total economic return reached 3.1% for the quarter. The company ended the period with 213211000 in unrestricted cash and an economic book value per common share of 13.75.

• GAAP net income available to common stockholders was 43614000.
• Diluted EPS was 0.42 and distributable earnings per share was 0.27.

Nextdoor generated revenue of 69479000 in Q4 2025, up year-over-year, while narrowing its net loss to 4033000 and delivering positive Adjusted EBITDA of 7621000. Platform weekly active users totaled 21000000 during the quarter.

• Revenue reached 69479000 in Q4 2025, increasing 7% year-over-year.
• GAAP net loss narrowed to 4033000 compared to the prior year period.

Adamas Trust delivered solid Q4 2025 performance with net income attributable to common stockholders of $41.6 million and EPS of $0.46, supported by $43.2 million in net interest income and a 1.52% net interest spread. The company benefited from strong other income and portfolio growth, while maintaining disciplined expense management.

• Net income attributable to common stockholders was $41.6 million, or $0.46 per share.
• Net interest income reached $43.2 million with a net interest spread of 1.52%.

Mativ Holdings, Inc. announced a strong fourth quarter for 2025, with sales increasing by 1.0% year-over-year to $463.1 million and GAAP income reaching $100.8 million. Adjusted EBITDA rose by 19% to $53.5 million, with a margin of 11.6%. The company also reported record full-year free cash flow of $93.8 million, more than double the previous year.

• Fourth quarter sales increased by 1.0% year-over-year to $463.1 million, with organic growth of 1.9%.
• GAAP net income for Q4 2025 was $100.8 million, resulting in GAAP EPS of $1.80.

Safe Bulkers generated net revenues of 72568000 and net income of 11837000 in Q4 2025, with earnings per share of 0.10. Adjusted net income reached 15910000 and adjusted EBITDA was 37381000, supported by a higher average TCE rate of 17050 per day.

• Net revenues increased to 72568000 in Q4 2025.
• Net income declined to 11837000, with EPS of 0.10.

Tronox generated revenue of 730000000 in Q4 2025, up 8% year-over-year, driven by higher TiO and zircon volumes. The company reported a net loss of 176000000 and an operating loss of 114000000, including 79000000 of restructuring and other charges. Adjusted EBITDA was 57000000 with a margin of 7.8%. Free cash flow was positive at 53000000 in the quarter.

• Revenue increased to 730000000, supported by higher TiO and zircon volumes.
• Net loss attributable to Tronox was 176000000, including 79000000 in restructuring charges.

Gladstone Commercial Corporation reported a strong fourth quarter for 2025, with total operating revenue increasing by 6.4% to $43.46 million and net income rising significantly by 30.1% to $5.38 million compared to the previous quarter. Funds from operations (FFO) also saw an 8.9% increase, reaching $17.72 million.

• Total operating revenue for Q4 2025 increased by 6.4% to $43.46 million compared to Q3 2025.
• Net income for Q4 2025 rose by 30.1% to $5.38 million, up from $4.14 million in Q3 2025.

Fiverr generated $107.2 million in Q4 2025 revenue, up year over year, with GAAP net income of $11.46 million and adjusted EBITDA margin expanding to 24.7%. Services revenue grew strongly while marketplace revenue declined, reflecting a continued shift toward higher-value offerings.

• Revenue increased to $107.2 million in Q4 2025.
• Adjusted EBITDA margin expanded to 24.7%.

Farmland Partners experienced a challenging fourth quarter in 2025 with a notable decline in total revenue and net income. Despite these setbacks, the company demonstrated strong growth in Adjusted Funds From Operations (AFFO) per share, indicating improved operational efficiency.

• Total revenue for Q4 2025 decreased by 15.3% to $18.5 million from $21.9 million in Q4 2024.
• Net income for the quarter was $2.1 million, a significant drop from $5.8 million in the same period last year.

Community Health Systems, Inc. reported a significant increase in net income for Q4 2025, reaching $110 million compared to a net loss of $(70) million in Q4 2024, primarily driven by a net gain on the sale of businesses. Despite a decrease in net operating revenues, same-store revenues showed growth. The company also made substantial progress in debt reduction through note redemptions.

• Net income attributable to stockholders increased to $110 million ($0.81 diluted EPS) in Q4 2025, from a net loss of $(70) million ($(0.53) diluted EPS) in Q4 2024.
• Adjusted EBITDA for Q4 2025 was $395 million, a decrease from $428 million in Q4 2024, primarily due to lower volumes and lower net benefit from supplemental reimbursement programs.

In Q4 2025, Sabre generated $666525000 in revenue, up 3% year-over-year, with operating income of $21341000. The company posted a net loss attributable to common stockholders of $103099000 and diluted EPS of -$0.26, while Adjusted EBITDA improved to $110482000.

• Revenue increased 3% year-over-year to $666525000, driven by growth in Distribution revenue.
• Operating income was $21341000, down from $46091000 in the prior year period.

Jack in the Box Inc. announced financial results for the first quarter ended January 18, 2026, with total revenues decreasing by 5.8% to $349.5 million. The company reported a diluted EPS from continuing operations of $0.75 and an operating EPS of $1.00. Same-store sales declined by 6.7%, driven by decreases in transactions and mix, partially offset by price increases. The company completed the sale of Del Taco Holdings Inc. on December 22, 2025, with Del Taco results included in discontinued operations for all periods presented.

• Total revenues decreased 5.8% to $349.5 million compared to $371.1 million in the prior year quarter, primarily due to same-store sales declines and a lower number of restaurants.
• Diluted EPS from continuing operations was $0.75, a significant decrease from $1.61 in the prior year quarter.

For Q4 2025, Claros Mortgage Trust reported revenue of 46750000 and a GAAP net loss of 219211000, or -1.56 per share, primarily driven by a 211681000 CECL provision. Distributable loss was 101663000, or -0.71 per share. The company ended the quarter with a 3700000000 loan portfolio, 185000000 of total liquidity including 173000000 of cash, and book value per share of 10.69.

• Revenue totaled 46750000 for the quarter.
• GAAP net loss was 219211000, or -1.56 per share.

For Q4 2025, ILPT reported rental income of 113910000 and a net loss attributable to common shareholders of 1780000, or -0.03 per share. Normalized FFO attributable to common shareholders was 18878000, or 0.29 per share. Same property NOI increased 4.9% year over year to 88189000, with consolidated occupancy at 94.5%.

• Rental income totaled 113910000 for the quarter.
• Net loss attributable to common shareholders was 1780000, or -0.03 per share.

Perion Network Ltd. announced robust financial results for the fourth quarter of 2025, with Contribution ex-TAC increasing by 19% year-over-year and Adjusted EBITDA surging by 53%. The company's strategic shift to the AI-native Perion One platform has been highlighted as a key driver of growth, with strong performance across CTV, DOOH, and Retail Media verticals. Perion also provided optimistic 2026 guidance and 2028 targets, emphasizing durable organic growth.

• Contribution ex-TAC grew by 19% year-over-year to $65.2 million, significantly outpacing revenue growth.
• Adjusted EBITDA increased by 53% year-over-year to $24.3 million, reflecting improved operating leverage and disciplined cost management.

Clearwater Paper Corporation reported flat net sales of $386.4 million for the fourth quarter of 2025 compared to $387.1 million in the fourth quarter of 2024. Net income for the quarter was $38.3 million, or $2.39 per diluted share, a substantial decrease from $199.1 million in the prior year, which included a $307 million gain on the sale of the tissue division. Adjusted EBITDA from continuing operations improved to $19.8 million from $9.5 million in the fourth quarter of 2024.

• Net sales remained flat at $386.4 million in Q4 2025 compared to $387.1 million in Q4 2024.
• Net income significantly decreased to $38.3 million in Q4 2025 from $199.1 million in Q4 2024, largely due to the absence of a prior-year gain on the sale of the tissue division.

Medallion Financial Corp. achieved a record year in 2025, with strong performance across key financial metrics. The fourth quarter saw a 20% increase in net income attributable to stockholders and an 8% rise in net interest income. Loan originations significantly grew, driven by strategic partnerships, and the company's loan portfolio expanded by 3%.

• Net income attributable to stockholders for Q4 2025 increased by 20% to $12.2 million, or $0.50 per share, compared to the prior year quarter.
• Net interest income grew 8% to $56.4 million in Q4 2025 from $52.0 million in the prior year quarter.

TrueBlue delivered its second consecutive quarter of organic revenue growth, driven by momentum in skilled businesses and stable demand. The company reported a revenue of $418 million, an 8% increase year-over-year, but also a net loss of $32 million, which included an $18 million non-cash impairment charge. Management remains focused on improving profitability, lowering operating costs, and building a more efficient organization.

• Fourth quarter revenue increased by 8% to $418 million compared to the prior year period, including $14 million from the HSP acquisition.
• The company reported a net loss of $32 million for the quarter, a significant increase from the $12 million net loss in the prior year, primarily due to an $18 million impairment charge.