Reports

NVIDIA delivered record Q4 FY2026 revenue of 68127000000, up 73% year-over-year, with strong profitability as net income nearly doubled and Data Center revenue surged 75% year-over-year.

• Revenue increased 73% year-over-year to 68127000000.
• Net income rose 94% year-over-year to 42960000000.

HSBC delivered a strong Q4 2025 with revenue up 42% year-over-year to $16.40B and net income rising to $5.20B, supported by higher net interest income and lower expected credit losses.

• Revenue increased 42% year-over-year driven by notable items and NII growth.
• Net income rose significantly to $5.20B compared to prior year.

Salesforce delivered strong Q4 FY2026 results with revenue up 12% year-over-year, expanding non-GAAP operating margins, and record remaining performance obligations driven by Agentforce and Data 360 momentum.

• Revenue grew 12% year-over-year to $11.20B.
• Non-GAAP operating margin expanded to 34.20%.

In Q4 FY2026, TJX delivered 9% net sales growth to $17.743 billion, expanded pretax profit margin to 13.5%, and increased diluted EPS 28% to $1.58, driven by solid comparable sales growth and operating leverage.

• Net sales increased 9% year-over-year to $17.743 billion with consolidated comparable sales up 5%.
• Pretax profit margin expanded 1.9 percentage points to 13.5%.

Lowe’s delivered Q4 revenue growth of 1.3% in comparable sales driven by Pro, online, and holiday demand. Adjusted EPS increased year over year, though GAAP EPS and net income declined due to acquisition-related costs.

• Revenue increased year over year with comparable sales up 1.3%.
• Adjusted EPS rose to 1.98 despite GAAP EPS declining to 1.78.

BMO delivered strong Q1 2026 results with net income rising 16% year over year to 2489000000 and EPS increasing to 3.39. Revenue reached 9824000000, while provision for credit losses declined significantly, supporting higher profitability and improved return on equity.

• Net income increased 16% year over year to 2489000000.
• Diluted EPS rose 20% to 3.39; adjusted EPS was 3.48.

Synopsys delivered revenue of 2408798000 and GAAP net income of 64958000 in Q1 2026, with non-GAAP EPS rising to 3.77. Growth was led by Design Automation, while operating income declined year over year due to higher amortization and restructuring charges.

• Revenue increased to 2408798000 from 1455315000 year over year.
• Non-GAAP EPS rose to 3.77 from 3.03 in the prior year quarter.

Nu reported record Q4 revenue of 4900000000 and net income of 894800000, supported by rising ARPAC, expanding credit portfolio and disciplined cost control. The company reached 131000000 customers and achieved a 33% ROE.

• Revenue reached 4900000000 in Q4 2025.
• Net income rose to 894800000, up 50% year over year.

Snowflake delivered 30% year-over-year revenue growth in Q4 FY2026, driven by product revenue growth and strong customer expansion, while remaining performance obligations increased 42% year-over-year.

• Revenue grew 30% year-over-year to 1283994000.
• Product revenue increased 30% year-over-year to 1226631000.

HEICO generated net sales of 1178582000 and net income attributable to HEICO of 190188000 in Q1 fiscal 2026. Operating income rose to 259899000 with operating margin expanding to 22.1%, while EBITDA reached 311951000.

• Net sales increased 14% year over year to 1178582000.
• Net income attributable to HEICO rose 13% to 190188000.

Medline generated 7787000000 in net sales in Q4 2025, up 14.8% year-over-year, while net income declined to 180000000 due to higher costs of goods sold and increased operating expenses, including IPO-related costs.

• Net sales increased 14.8% year-over-year to 7787000000.
• Gross profit was 1914000000 with gross margin of 24.6%.

Trip.com generated net revenue of 2203000000 and net income of 613000000 in Q4 2025. Growth was driven by accommodation and transportation bookings, while adjusted EBITDA reached 490000000 despite seasonal sequential softness.

• Net revenue increased 21% year over year to 2203000000.
• Net income reached 613000000 compared to 314000000 in the prior year quarter.

Agilent delivered a solid start to fiscal year 2026 with 7% reported revenue growth, despite navigating a major U.S. snowstorm. The company raised its full-year reported revenue and non-GAAP EPS guidance while maintaining its core growth and margin expansion outlook.

• Reported revenue grew 7.0% year-over-year to $1.80 billion, with 4.4% core growth.
• Non-GAAP EPS of $1.36 exceeded the prior year's $1.31, growing 4%.

VICI Properties delivered a solid fourth quarter with total revenues increasing 3.8% year-over-year to $1.0 billion. While net income saw a slight decrease due to CECL allowance adjustments, the company demonstrated strong growth in AFFO and continued its aggressive capital deployment strategy, announcing over $2 billion in commitments throughout 2025.

• Total revenues grew 3.8% year-over-year to $1.0 billion for the fourth quarter.
• AFFO per share increased 5.6% year-over-year to $0.60, driven by portfolio growth and investment activity.

FTAI Aviation delivered strong fourth-quarter results with net income of $111.9 million and Adjusted EBITDA of $277.2 million, driven by significant growth in the Aerospace Products segment. The company increased its quarterly dividend for the second consecutive time and raised its 2026 Adjusted EBITDA guidance to $1.625 billion.

• Aerospace Products revenue grew 33% year-over-year to $456.1 million in Q4 2025.
• Quarterly dividend increased from $0.35 to $0.40 per ordinary share.

Zoom delivered a solid fourth quarter with revenue growing 5.3% year-over-year to $1.25 billion, driven by strong performance in the Enterprise segment and high-double-digit growth in its Customer Experience (CX) solutions. The company achieved significant GAAP net income growth and maintained high non-GAAP operating margins while continuing its aggressive share repurchase program.

• Total Q4 revenue reached $1.247 billion, representing a 5.3% year-over-year increase.
• Enterprise revenue grew 7.1% year-over-year to $757.3 million, now representing over 60% of total revenue.

Everpure delivered a strong Q4 with revenue growing 20% year-over-year to $1.1 billion, driven by robust demand in Enterprise and Hyperscaler sectors. The company saw significant growth in Remaining Performance Obligations (40%) and Subscription ARR (16%), while maintaining healthy non-GAAP operating margins of 21.3%.

• Achieved first billion-dollar revenue quarter in company history, growing 20% YoY.
• Remaining Performance Obligations (RPO) grew over 40% YoY to $3.7 billion, indicating strong future demand.

Trade Desk delivered 14% year-over-year revenue growth in Q4 2025, maintained strong profitability with a 47% Adjusted EBITDA margin, and generated substantial net income while continuing aggressive share repurchases.

• Revenue increased 14% year-over-year to 846791000.
• Net income reached 186950000 with a 22% net income margin.

Fourth quarter 2025 revenue increased 7% year-over-year, led by continued growth in Tyvaso DPI and Orenitram, resulting in higher net income and solid operating profitability.

• Total revenue grew to 790200000 from 735900000 year-over-year.
• Total Tyvaso revenue increased 12% to 464300000, driven by Tyvaso DPI growth.

For Q4 2025, the company reported a net loss of 364892000 driven by higher operating expenses, including 294943000 in R&D and 66683000 in G&A. It ended the quarter with 2025679000 in cash, cash equivalents and marketable securities.

• R&D expenses increased to 294943000 in Q4 2025.
• G&A expenses increased to 66683000 in Q4 2025.

In Q4 2025, APi Group generated net revenues of 2117000000 with 11.1% organic growth, GAAP net income of 97000000, and adjusted EBITDA of 295000000, expanding adjusted EBITDA margin to 13.9% and delivering adjusted free cash flow conversion of 136.3%.

• Net revenues increased 13.8% year-over-year to 2117000000 with 11.1% organic growth.
• GAAP net income rose 44.8% year-over-year to 97000000.

TKO delivered strong fourth-quarter results with revenue growth of 12% to $1.038 billion, driven by momentum in UFC and WWE. The company achieved a significant improvement in net income and free cash flow, while announcing a new $1 billion share repurchase program to launch in March 2026.

• Revenue increased 12% year-over-year to $1.038 billion, led by contractual escalations in media rights for both UFC and WWE.
• Net income improved to $0.8 million compared to a net loss of $60.9 million in the prior year period.

In Q4 2025, Circle generated 770232000 in total revenue and reserve income, up 77% year over year, driven by growth in USDC circulation. Net income from continuing operations reached 133406000, while Adjusted EBITDA increased 412% to 167482000 with a 54% margin.

• Total revenue and reserve income increased 77% year over year to 770232000.
• Net income from continuing operations was 133406000 versus 4433000 in Q4 2024.

IonQ delivered a record-breaking fourth quarter, significantly exceeding revenue guidance and achieving a historic milestone as the first public quantum company to surpass $100 million in annual GAAP revenue. The company reported massive year-over-year growth of 429% for the quarter, driven by strong commercial traction and international expansion, while maintaining a robust cash position of $3.3 billion.

• Achieved $130.0 million in annual revenue, representing 202% year-over-year growth and beating guidance by 20%.
• Reported Q4 revenue of $61.9 million, a 429% increase compared to the same period last year.

In Q4 2025, Ionis generated total revenue of 203000000, including 57000000 in net product sales and 76000000 in royalty revenue, while reporting a GAAP net loss of 229000000 and a non-GAAP net loss of 186000000 amid continued investment in commercial launches.

• Total revenue was 203000000, compared with 227000000 in Q4 2024, reflecting growth in commercial revenue.
• Net product sales were 57000000, driven by TRYNGOLZA and DAWNZERA launches.

Sterling delivered a record fourth quarter with revenue increasing 51% to $755.6 million and adjusted EBITDA growing 70%. The company benefited from the CEC acquisition and strong organic growth in E-Infrastructure and Transportation segments, despite softness in the residential housing market affecting Building Solutions.

• Revenue grew 51% on a GAAP basis to $755.6 million, or 69% when excluding the deconsolidated RHB joint venture from the prior year.
• Adjusted Diluted EPS rose 78% to $3.08, surpassing the upper end of previous guidance.

UHS generated net revenues of 4486048000 and net income attributable to UHS of 445941000 in Q4 2025. Operating income rose to 517232000 while both Acute Care and Behavioral Health segments delivered solid revenue growth.

• Net revenues increased 9.1% year over year to 4486048000.
• Net income attributable to UHS increased to 445941000 from 332397000.

Paramount (now Paramount Skydance) reported Q4 revenue of $8.15 billion, a 2% increase year-over-year, driven by strong growth in Direct-to-Consumer (DTC) and Filmed Entertainment. Despite a GAAP operating loss due to restructuring and merger-related costs, Adjusted OIBDA grew 51% to $612 million, and the company ended the year with 79 million Paramount+ subscribers.

• DTC revenue grew 10% year-over-year, led by 17% growth at Paramount+ which reached 79 million paid subscribers.
• The company is on track to deliver at least $3 billion in efficiencies through 2027, with $2.5 billion expected by the end of 2026.

Pinnacle West reported positive fourth-quarter 2025 results with net income of 15403000 driven by strong customer and retail sales growth in Arizona, alongside improved operating income year over year.

• Net income attributable to common shareholders was 15403000 compared to a loss in the prior year quarter.
• Operating revenues increased to 1128167000 from 1095408000 year over year.

For Q4 2025, Essential Utilities generated operating revenues of 699111000 and net income of 132676000. Operating income was 227004000 as higher operations and maintenance expenses and purchased gas costs weighed on profitability.

• Operating revenues increased 15.7% year over year to 699111000.
• Net income declined to 132676000 from 184755000 in the prior year quarter.

In Q4 2025, Owens Corning generated 2142000000 in revenue, down year over year, and reported a net loss of 282000000 primarily due to non-cash impairment charges related to the Doors business. Adjusted EBITDA was 362000000 with a 17% margin, while operating cash flow reached 590000000 and free cash flow totaled 333000000.

• Revenue declined 17% year over year to 2142000000.
• Net loss of 282000000 driven by impairment charges in Doors.

Permian Resources delivered a strong fourth quarter with total production reaching 401.5 MBoe/d and significant operational efficiency gains, reducing drilling and completion costs to $700 per lateral foot. The company generated $403 million in adjusted free cash flow and continued its aggressive 'ground game' acquisition strategy, adding approximately 9,000 net and royalty acres. For 2026, the company plans to increase oil production by 4% while reducing capital expenditures by 6%.

• Achieved record total average production of 401.5 MBoe/d, a 9% increase over the prior year's quarter.
• Reduced drilling and completion costs to approximately $700 per lateral foot, a 14% reduction compared to 2024 averages.

StandardAero delivered a strong fourth quarter with revenue growth of 13.5% and a significant turnaround in profitability, reporting net income of $78.6 million compared to a loss in the prior year. The results were driven by robust demand in the commercial aerospace sector, which offset temporary headwinds in the military segment caused by a U.S. government shutdown.

• Revenue grew 13.5% to $1.6 billion in Q4, primarily fueled by a 21% increase in the commercial aerospace end market.
• Net income reached $78.6 million in the quarter, a substantial improvement from the $14.1 million net loss reported in Q4 2024.

Nutanix delivered a solid second quarter with 10% revenue growth and a 16% increase in ARR. While the company outperformed its guidance across all metrics, it noted that supply chain constraints are extending server lead times, which may delay the realization of revenue and free cash flow from current bookings into future periods.

• Annual Recurring Revenue (ARR) grew 16% year-over-year to $2.36 billion.
• Non-GAAP operating margin expanded to 26.2%, up from 24.6% in the prior year quarter.

In Q4 2025, Penumbra generated revenue of 385385000 and net income of 47343000, reflecting 22.1% year-over-year growth, margin expansion, and strong performance across thrombectomy and embolization and access products.

• Revenue increased 22.1% year-over-year to 385385000.
• Gross margin expanded to 68.0% from 66.8% in Q4 2024.

In Q4 2025, Stantec delivered 10.9% net revenue growth to 1639700000, driven by both organic and acquisition growth. Adjusted EBITDA rose 15.0% to 283500000 with margin expansion to 17.3%, while net income declined 4.2% to 93900000 due to higher amortization of intangible assets.

• Net revenue increased 10.9% year-over-year to 1639700000, driven by 3.9% organic growth and 6.5% acquisition growth.
• Adjusted EBITDA rose 15.0% to 283500000, with margin expanding 60 basis points to 17.3%.

Joby Aviation generated $30.84 million in Q4 revenue and reduced its net loss to $121.54 million, supported by non-cash fair value gains. The company ended the quarter with over $1.40 billion in cash and investments while advancing FAA certification and production scaling plans.

• Revenue was 30836000 for the quarter.
• Net loss narrowed to 121536000 from 246277000 in the prior year quarter.

In Q4 2025, APA generated 1991000000 in total revenues and 279000000 in net income attributable to common stock. The company delivered 808000000 in operating cash flow, 425000000 in free cash flow, and 1230000000 in adjusted EBITDAX, supported by production of 459767 BOE per day.

• Generated 808000000 in net cash from operating activities and 425000000 in free cash flow.
• Reported net income attributable to common stock of 279000000, or 0.79 per diluted share.

In Q4 2025, Lineage generated revenue of 1336000000 and GAAP net income of 6000000, as operating income improved year over year despite a slight decline in total revenue and lower adjusted EBITDA.

• Total revenue decreased 0.2% year over year to 1336000000.
• GAAP net income was 6000000, compared to a net loss in the prior year quarter.

Chime delivered a strong Q4 2025 with revenue of $596 million, driven by the scaling of MyPay and the migration to its proprietary ChimeCore platform. While the company reported a net loss of $45 million for the quarter, it achieved a positive Adjusted EBITDA of $57 million and expects to reach full-year GAAP profitability in 2026.

• Quarterly revenue grew 25% year-over-year to $596 million, exceeding company guidance.
• Completed migration to ChimeCore, a proprietary technology stack expected to reduce processing costs by 60%.

In Q4 2025, Ormat generated 276036000 in total revenues, up 19.6% year-over-year, driven by significant growth in the Energy Storage and Product segments. Net income attributable to stockholders was 31353000, while Adjusted EBITDA increased 9.1% to 158687000.

• Total revenues increased 19.6% year-over-year to 276036000.
• Energy Storage revenues surged 140.5% to 26341000 with significant margin expansion.

Federal Signal delivered record Q4 2025 performance with 27% revenue growth, 19% operating income expansion, and strong order momentum driving backlog above $1 billion. Adjusted EPS rose 33% year-over-year, supported by operating leverage and margin expansion in both segments.

• Net sales increased 27% year-over-year to 597100000 driven by organic growth and acquisitions.
• Operating income rose 19% to 83500000, with adjusted EBITDA margin expanding to 20.0%.

Churchill Downs Incorporated achieved record Q4 net revenue and Adjusted EBITDA, driven primarily by strong growth in the Live and Historical Racing segment, particularly from Kentucky and Virginia HRM venues. While net income decreased due to specific tax valuation allowances and transaction expenses, the company continued its expansion strategy with new venue openings and significant capital returns to shareholders.

• Record Q4 net revenue of $665.9 million, representing a 7% increase year-over-year.
• Live and Historical Racing segment revenue grew 16% to $319.4 million, fueled by new venue openings and Kentucky HRM performance.

Starwood Property Trust generated Q4 2025 GAAP net income of $96915000 and Distributable Earnings of $159545000, supported by strong performance in commercial and residential lending and investing and servicing, while maintaining $1400000000 of liquidity and a $0.48 dividend per share.

• GAAP net income attributable to Starwood Property Trust was 96915000 for the quarter.
• Distributable Earnings totaled 159545000, or 0.42 per diluted share.

In Q4 2025, VSE generated 301182000 in revenue, up 32.4% year-over-year, with GAAP net income of 22296000 and diluted EPS of 0.98. Adjusted EBITDA increased 55.4% to 51768000, reflecting strong operating leverage in the Aviation segment.

• Total revenue increased 32.4% year-over-year to 301182000.
• GAAP net income rose 114.3% to 22296000 with diluted EPS of 0.98.

Chemed reported flat consolidated revenue for Q4 2025, with growth in the VITAS hospice segment offset by a decline in Roto-Rooter performance. While VITAS saw increased admissions and patient census, Roto-Rooter experienced a significant margin contraction and a decline in residential revenue.

• Consolidated revenue remained flat at $639.3 million compared to the prior-year quarter.
• VITAS admissions grew 6.0% and Average Daily Census (ADC) increased 1.3%.

Southwest Gas generated fourth quarter 2025 net income of 103476000, with continuing operations net income of 104946000 supported by higher operating margin from updated rates and customer growth, partially offset by higher operating expenses and depreciation.

• Net income attributable to Southwest Gas Holdings increased to 103476000 for the quarter.
• Continuing operations net income rose to 104946000, up from 86837000 in the prior year quarter.

For Q4 FY26, Urban Outfitters generated 1801770000 in net sales, up 10.1% year-over-year, with net income of 96267000 and diluted EPS of 1.05. Comparable Retail sales increased 5.5%, while Subscription revenue grew 42.6% driven by strong subscriber growth.

• Total net sales increased 10.1% year-over-year to 1801770000.
• Retail segment comparable sales rose 5.5%, led by Urban Outfitters at 9.6%.

Chord Energy delivered strong fourth quarter 2025 results with net income of 84416000, total oil, NGL and natural gas revenues of 876603000, and operating income of 91857000, supported by high-end oil volumes and disciplined capital spending.

• Net income was 84416000 with diluted EPS of 1.48 for Q4 2025.
• Total oil, NGL and natural gas revenues reached 876603000 in the quarter.

Hut 8 generated Q4 2025 revenue of 88494000, up from 31694000 in the prior year period, but reported a net loss of 301774000 primarily due to 401878000 of unrealized losses on digital assets, resulting in a diluted EPS of -2.14.

• Total revenue increased to 88494000 compared to 31694000 in the prior year quarter.
• Net loss from continuing operations was 301774000, driven by 401878000 of digital asset losses.

SM Energy delivered a solid fourth quarter with net income of $109 million and production of 206.9 MBoe/d. The company achieved record full-year results and is focused on integrating its Civitas merger and executing a $1.0 billion divestiture program to strengthen the balance sheet.

• Achieved record full-year 2025 net production of 75.5 MMBoe, up 21% year-over-year.
• Generated record full-year operating cash flow of $2.01 billion and adjusted EBITDAX of $2.26 billion.

Vista Energy delivered solid Q4 2025 performance with total revenues of 719064000 and net income of 85695000, supported by 59% year-over-year production growth and Adjusted EBITDA of 444000000.

• Total revenues reached 719064000 in Q4 2025, up 53% year-over-year.
• Adjusted EBITDA was 444000000 with a 64% margin.

BXSL generated total investment income of 358000000 and net investment income of 186000000 in Q4 2025, with EPS of 0.55 and adjusted EPS (net investment income per share) of 0.80, while ending NAV per share was 26.92.

• Net investment income was 186000000, or 0.80 per share, fully covering the 0.77 dividend.
• Net income totaled 126000000, or 0.55 per share.

Mirum Pharmaceuticals reported strong revenue growth in the fourth quarter of 2025, driven by significant increases in net product sales of LIVMARLI and Bile Acid Medicines. The company narrowed its net loss compared to the prior year and ended the period with a robust cash position, setting the stage for multiple clinical readouts in 2026.

• Q4 2025 net product sales reached $148.9 million, a 50% increase compared to Q4 2024.
• Full-year 2025 revenue exceeded $521 million, driven by 69% year-over-year growth in U.S. LIVMARLI sales.

Alkermes generated Q4 2025 total revenues of 384547000, driven by total proprietary net sales of 315492000, and reported GAAP net income of 49341000 with diluted EPS of 0.29, supported by growth in LYBALVI.

• Total revenues were 384547000 for the quarter.
• Total proprietary net sales were 315492000, up from 307726000 in the prior year quarter.

Icahn Enterprises generated Q4 2025 revenues of 2697000000 and net income attributable to Icahn Enterprises of 1000000, compared to a net loss in the prior year period, with Adjusted EBITDA attributable to IEP rising to 281000000.

• Revenues were 2697000000 for the quarter.
• Net income attributable to Icahn Enterprises was 1000000 versus a loss of 98000000 in Q4 2024.

MYR Group achieved record fourth-quarter results with net income rising 129.1% year-over-year to $36.5 million. Performance was driven by strong revenue growth in both T&D and C&I segments, improved gross margins of 11.4%, and a significant reduction in interest expenses and effective tax rates.

• Quarterly revenues reached $973.5 million, a 17.3% increase compared to the fourth quarter of 2024.
• Record quarterly net income of $36.5 million, or $2.33 per diluted share, up from $16.0 million in the prior year.

St. Joe delivered a strong fourth quarter with a 58% increase in net income and 24% revenue growth, driven primarily by a 47% surge in real estate revenue. The company achieved record hospitality revenue for the quarter and full year, while continuing its aggressive capital allocation strategy involving dividends, share repurchases, and debt repayment.

• Quarterly net income attributable to the company rose 58% to $29.9 million, or $0.52 per share.
• Total revenue for Q4 increased 24% to $128.9 million, led by significant growth in the Real Estate segment.

Outfront Media delivered a strong Q4 2025, with revenues growing 4.1% to $513.3 million and Adjusted OIBDA increasing 12.0%. The company saw particularly strong performance in its Transit segment, where Adjusted OIBDA grew over 56%. Net income attributable to the company rose 30.8% year-over-year, and the company successfully converted all remaining Series A Preferred Stock into common shares during the quarter.

• Consolidated revenues increased 4.1% to $513.3 million, driven by yield improvements in both Billboard and Transit segments.
• Transit segment Adjusted OIBDA surged 56.4% to $34.4 million, reflecting a significant margin expansion to 25.5%.

Acadia Pharmaceuticals achieved a significant milestone in 2025, surpassing $1 billion in annual revenue. Despite a non-recurring $20 million IRA rebate adjustment that impacted GAAP figures, the company saw strong underlying volume growth for NUPLAZID and double-digit growth for DAYBUE. Net income was significantly bolstered by a $250 million non-cash income tax benefit.

• Surpassed $1 billion in annual revenue for the first time in company history.
• NUPLAZID underlying volume grew 13% in Q4, despite GAAP revenue being impacted by a $20 million IRA rebate change in estimate.

Cactus delivered a solid fourth quarter with revenue of $261.2 million and strong margins across both segments. While Spoolable Technologies saw seasonal declines, the Pressure Control segment exceeded expectations. The company also successfully closed the acquisition of Baker Hughes' Surface Pressure Control business on January 1, 2026, marking a significant step in its international expansion.

• Revenue reached $261.2 million with a net income margin of 18.5% and Adjusted EBITDA margin of 32.7%.
• Pressure Control revenue grew 5.8% sequentially due to higher product sales per rig and increased rental activity.

EPR Properties delivered a strong Q4 2025, with total revenue increasing 3.2% and a significant recovery in net income compared to the prior year. The company successfully executed $147.7 million in investment spending during the quarter, primarily in experiential assets like golf courses and attraction properties, while maintaining a robust liquidity position with over $1 billion in available capacity.

• Total revenue for Q4 2025 grew to $182.95 million, a 3.2% increase year-over-year.
• FFOAA per diluted share rose to $1.30, up 5.7% from $1.23 in the prior year's fourth quarter.

Dorman Products reported a 0.8% increase in Q4 net sales to $537.9 million. However, GAAP net income and EPS fell sharply due to a $51.1 million non-cash goodwill impairment charge in the Heavy Duty segment. Despite this, adjusted EPS remained relatively stable at $2.17, and the company issued 2026 guidance projecting 7% to 9% revenue growth.

• Net sales increased 0.8% year-over-year to $537.9 million in Q4 2025.
• GAAP EPS dropped 79% to $0.38, primarily due to a $51.1 million non-cash goodwill impairment charge in the Heavy Duty segment.

ADMA Biologics delivered record fourth-quarter results, driven by strong demand for ASCENIV and the successful integration of yield-enhanced production. The company achieved significant margin expansion and reiterated its long-term growth targets through 2029.

• Q4 2025 total revenue increased 18% year-over-year to $139.2 million.
• Corporate gross margins reached 63.8% in Q4 2025, a significant increase from the prior year.

FS KKR faced a challenging fourth quarter in 2025, reporting a net loss of $0.41 per share and a decline in Net Asset Value to $20.89. The results were primarily impacted by realized and unrealized losses on specific investments, although the company maintained a steady distribution and a significant liquidity position.

• Net asset value per share decreased to $20.89 from $21.99 in the previous quarter.
• The company reported a net loss of $0.41 per share for Q4, compared to earnings of $0.76 in Q3 2025.

HNI delivered strong revenue growth in Q4 2025 driven by the Steelcase acquisition, with net sales rising 38.3% year-over-year to $888.4 million. However, significant acquisition-related costs resulted in a GAAP operating loss and net loss. On a non-GAAP basis, operating income was $64.6 million and diluted EPS was $0.83.

• Net sales increased 38.3% YoY to $888.4 million.
• GAAP operating loss was $31.2 million due to acquisition and restructuring costs.

Kodiak Gas Services delivered a strong finish to 2025, achieving record adjusted gross margin percentages and adjusted EBITDA. The company successfully divested its international operations and reached its leverage target of 3.5x, while announcing a significant acquisition of Distributed Power Solutions to drive future growth.

• Record quarterly adjusted EBITDA of $184.5 million, representing a 9.1% increase year-over-year.
• Fleet utilization reached 97.7%, a 120 basis point improvement compared to Q4 2024.

Hayward delivered 7% revenue growth in Q4 2025, expanding gross and operating margins, with net income increasing 25% year-over-year and adjusted EBITDA rising 4%.

• Net sales increased 7% year-over-year to 349375000.
• Operating margin expanded to 25.0% from 23.4% prior year.

Crescent Energy completed a transformational year in 2025, closing approximately $5 billion in acquisitions and divestitures, including the $3.1 billion acquisition of Vital Energy. The company achieved record production and strong free cash flow, exiting the year with a strengthened balance sheet and a significantly expanded footprint in the Permian and Eagle Ford basins.

• Achieved record Q4 production of 268 MBoe/d, with oil production averaging 106 Mbo/d.
• Generated $239 million in Levered Free Cash Flow and $536 million in Adjusted EBITDAX during the fourth quarter.

LivaNova delivered 12.1% revenue growth in Q4 2025, driven by strength in Cardiopulmonary and Neuromodulation. Operating income increased year over year, and adjusted EPS improved to $0.86, reflecting margin expansion despite lower GAAP net income compared to the prior year.

• Total revenue increased 12.1% year over year to $360900000.
• Operating income rose to $42600000 from $37000000 in the prior year period.

For the fourth quarter of 2025, Avista reported GAAP net income of 71000000 and diluted EPS of 0.87, compared to 67000000 and 0.84 in Q4 2024. Non-GAAP utility earnings were 72000000, or 0.88 per diluted share, reflecting improved electric and natural gas utility margins partially offset by higher operating expenses.

• GAAP net income increased to 71000000 from 67000000 year over year.
• Non-GAAP utility earnings rose to 72000000 from 71000000.

Arcutis achieved a significant milestone by reaching profitability and positive operating cash flow in Q4 2025, driven by an 84% year-over-year increase in ZORYVE net product revenue and improved gross-to-net pricing.

• Achieved positive net income of $17.4 million and positive operating cash flow of $26.2 million in Q4.
• ZORYVE net product revenue grew 84% year-over-year to $127.5 million.

CLEAR delivered a strong Q4 2025 with revenue growth of 16.7% and a significant reacceleration in Total Bookings, which grew 25.4% year-over-year. The company achieved record full-year profitability and free cash flow, driven by expansion in its identity platform and membership base, which reached 38 million total members.

• Q4 Total Bookings grew 25.4% to $287.1 million, the strongest quarterly growth rate since Q4 2023.
• Active CLEAR+ Members reached 7.6 million, up 6.0% year-over-year despite a billing system audit recast.

Chesapeake Utilities delivered strong Q4 2025 results, with net income rising to $46.1 million and adjusted EPS growing to $1.94. Performance was driven by pipeline expansions, organic growth, and regulatory initiatives, alongside record annual capital investments of $470.4 million.

• Achieved Q4 2025 adjusted EPS of $1.94, an increase from $1.63 in the prior-year period.
• Record annual capital spending of $470.4 million in 2025, exceeding the top end of guidance.

For the fourth quarter of 2025, Centuri reported total revenue of 858604000 and net income of 30381000, compared to 10331000 in the prior year period. Gross profit increased to 80477000 and operating income rose to 37060000, reflecting broad-based segment growth and margin expansion.

• Revenue increased 19.7% year over year to 858604000.
• Gross profit rose 13.2% to 80477000 with gross margin of 9.4%.

Newmark delivered record Q4 2025 revenues of $1,005,959,000, up 15.3% year-over-year, driven by strong performance across Management Services, Leasing, and Capital Markets. GAAP net income available to common stockholders rose to $67,979,000, with GAAP EPS of $0.37 and Adjusted EPS of $0.68, reflecting continued operating leverage and margin expansion.

• Total revenues increased 15.3% year-over-year to $1,005,959,000, marking a record fourth quarter.
• GAAP net income available to common stockholders rose 49.7% to $67,979,000.

Green Brick Partners delivered a strong Q4 2025 with net income of $78 million and homebuilding gross margins of 29.4%. Despite affordability challenges, the company achieved record Q4 net new home orders and maintained a fortress balance sheet with a net debt-to-total capital ratio of 6.3%.

• Achieved record fourth quarter net new home orders of 883 units.
• Delivered 1,038 new homes, the second highest quarterly volume on record for the company.

Manchester United generated revenue of 190307000 and operating profit of 19552000 in Q2 fiscal 2026, delivering profit for the period of 4183000 and adjusted EBITDA of 75953000 as cost reductions improved profitability.

• Total revenue declined 4.2% year over year to 190307000.
• Operating profit increased to 19552000 from 3046000 in the prior year quarter.

Catalyst Pharmaceuticals achieved record revenues in Q4 2025, reaching $152.6 million, a 7.6% increase year-over-year. Growth was primarily driven by FIRDAPSE and the continued market uptake of AGAMREE, despite the entry of generic competitors for FYCOMPA. The company ended the year with a strong cash position of $709.2 million and provided optimistic 2026 guidance.

• Q4 2025 total revenues reached $152.6 million, up 7.6% year-over-year, fueled by FIRDAPSE and AGAMREE growth.
• FIRDAPSE Q4 revenue grew 18.3% to $97.6 million, while AGAMREE Q4 revenue surged 67.5% to $35.3 million.

Steve Madden delivered Q4 2025 revenue of 753700000, up 29.4% year-over-year, driven by significant growth in direct-to-consumer and wholesale channels following the Kurt Geiger acquisition. Gross margin expanded to 42.4%, but operating income declined to 36172000 and net income to 23187000, reflecting higher operating expenses and acquisition-related impacts.

• Revenue increased 29.4% year-over-year to 753700000.
• Gross profit margin expanded to 42.4%, with adjusted gross margin at 43.8%.

Star Bulk generated net income of 65154000 in Q4 2025 on voyage revenues of 300586000, supported by improved TCE rates and disciplined cost control, and declared a dividend of 0.37 per share.

• Net income increased to 65154000 from 42446000 year-over-year.
• Adjusted EBITDA rose to 126420000 reflecting stronger operating performance.

Veracyte concluded 2025 with a strong fourth quarter, growing total revenue by 19% to $140.6 million. The growth was primarily driven by the Decipher and Afirma tests, which saw revenue increases of 27% and 16% respectively. The company achieved a significant GAAP net income of $41.1 million and generated over $50 million in cash from operations during the quarter.

• Total revenue grew 19% year-over-year to $140.6 million, with testing revenue up 21%.
• Decipher revenue increased 27% to $85.6 million, while Afirma revenue grew 16% to $47.9 million.

DigitalBridge generated GAAP net income attributable to common stockholders of 50396000 in Q4 2025 on total revenues of 47901000, with Fee Related Earnings of 37744000 and Distributable Earnings of 39013000, reflecting strong operating leverage and growth in FEEUM.

• GAAP net income attributable to common stockholders was 50396000, or 0.28 per share.
• Fee revenue increased to 105746000 in Q4 2025.

Seadrill reported a net loss of $10 million for the fourth quarter of 2025, with total operating revenues of $362 million. Despite the net loss, the company achieved an Adjusted EBITDA of $88 million and significantly strengthened its contract backlog to $2.5 billion through several new awards and extensions in key deepwater markets.

• Secured $0.5 billion in new contract awards during the quarter, bringing total backlog to $2.5 billion.
• Reported Adjusted EBITDA of $88 million with an improved margin of 25.4% excluding reimbursables.

LifeStance generated fourth quarter 2025 revenue of 382200000, up 17% year-over-year, driven by 18% growth in visit volumes and clinician expansion to 8040. Net income was 11700000 and Adjusted EBITDA increased 49% to 48800000, reflecting operating leverage and margin expansion.

• Revenue increased 17% year-over-year to 382200000.
• Visit volumes grew 18% to 2400000, supported by clinician growth.

McGrath RentCorp delivered a strong fourth quarter with total revenues increasing 5% to $256.8 million and net income rising 28% to $49.8 million. Growth was primarily driven by robust performance in the TRS-RenTelco and Mobile Modular segments, offsetting softer demand in commercial construction for the Portable Storage business.

• Total revenues increased 5% year-over-year to $256.8 million, driven by rental operations growth.
• Net income reached $49.8 million, or $2.02 per diluted share, compared to $38.9 million in the prior year.

California Water Service Group reported a decrease in Q4 net income and revenue compared to the previous year, primarily driven by extremely wet December weather in California which led to declining customer consumption. Despite the weather impact, the company achieved record infrastructure investments and is awaiting a proposed decision on its 2024 California General Rate Case.

• Q4 net income decreased 42% to $11.5 million, largely due to lower customer consumption caused by wet weather.
• The company invested a record $517.0 million in water system infrastructure during the full year 2025.

Tri Pointe Homes reported a decline in fourth-quarter performance with net income falling to $60.2 million compared to $129.2 million in the prior year. The company saw a 23% decrease in home sales revenue and a reduction in new home deliveries. Amidst these results, the company announced it has entered into a definitive agreement to be acquired by Sumitomo Forestry Co., Ltd.

• Net income available to common stockholders decreased 53% year-over-year to $60.2 million.
• Home sales revenue fell 23% to $945.9 million due to lower deliveries of 1,364 homes.

Atlanta Braves Holdings generated fourth quarter 2025 total revenue of 61303000, up 18% year-over-year, driven by 48% growth in Mixed-Use Development revenue. The company reported an operating loss of 49792000 and a net loss attributable to shareholders of 41449000, primarily impacted by a 30131000 impairment expense.

• Total revenue increased 18% year-over-year to 61303000.
• Mixed-Use Development revenue rose 48% to 26545000.

National Storage Affiliates Trust reported a significant increase in net income for Q4 2025, though Core FFO per share saw a slight decline. The company is seeing sequential improvement in market performance and narrowing occupancy deltas, positioning itself for growth in 2026 following the internalization of its PRO structure.

• Net income increased 40.8% year-over-year to $36.8 million for the fourth quarter.
• Core FFO per share of $0.57 reached the top end of the company's guidance range.

Kinetik generated revenue of 427103000 and net income of 416701000 in Q4 2025, with Adjusted EBITDA of 252095000 and Distributable Cash Flow of 151708000, while investing 139000000 in capital expenditures and maintaining leverage at 3.8x.

• Adjusted EBITDA was 252095000 in Q4 2025.
• Distributable Cash Flow totaled 151708000.

Arcus Biosciences reported a net loss of $106 million for Q4 2025 on revenues of $33 million. The company is pivoting its focus toward its HIF-2a inhibitor, casdatifan, following the wind-down of certain TIGIT programs, and maintains a strong cash position of over $1 billion.

• Updated data for casdatifan in late-line kidney cancer showed a 45% confirmed overall response rate and 15.1 months median PFS.
• The company is winding down the Phase 3 STAR-221 and Phase 2 EDGE-Gastric studies for domvanalimab in collaboration with Gilead.

DXP delivered double-digit revenue growth in Q4 2025, with operating income expansion and improved EBITDA margins, driving higher net income and solid free cash flow generation.

• Sales increased 12.0% year-over-year to 527390000 in Q4 2025.
• Operating income rose to 46671000, expanding operating margin to 8.8%.

Northern Oil and Gas delivered record natural gas production and solid adjusted EBITDA despite a challenging commodity price environment. The company focused on balance sheet strengthening through debt refinancing and continued its acquisition strategy with the marquee Joint Ohio Utica transaction.

• Total production increased 6% year-over-year to 140,064 Boe per day, driven by record natural gas output.
• The company recorded a non-cash impairment charge of $268.5 million due to lower average oil prices under the full cost method.

Sezzle delivered a strong fourth quarter with GMV reaching a record $1.2 billion and total revenue increasing 32.2% year-over-year. The company demonstrated significant operating leverage, with net income rising 68.3% and adjusted EBITDA margin expanding to 44.9%. Growth was primarily driven by the scaling of subscription offerings and high consumer engagement during the holiday season.

• GMV reached a quarterly high of $1.2 billion, representing a 35.3% year-over-year increase.
• Net Income per Diluted Share rose 72.9% year-over-year to $1.21 for the quarter.

Sarepta reported a challenging fourth quarter with total revenue declining 33% year-over-year to $442.9 million, primarily due to the suspension of ELEVIDYS shipments to non-ambulatory patients in the U.S. Despite the quarterly loss, the company strengthened its capital structure through debt refinancing and expects to be profitable and cash-flow positive in 2026.

• Total revenue for Q4 2025 was $442.9 million, a 33% decrease compared to Q4 2024.
• ELEVIDYS net product revenue fell significantly to $110.4 million following the decision to suspend shipments to non-ambulatory patients.

Global Net Lease underwent a significant transformation in Q4 2025, exceeding full-year AFFO guidance and achieving an investment-grade credit rating. The company successfully executed a major deleveraging strategy, reducing net debt by $2.2 billion over the year, while focusing on high-quality asset dispositions like the McLaren Campus to strengthen its balance sheet and liquidity.

• Exceeded full-year 2025 AFFO guidance with $0.99 per share versus the $0.95 to $0.97 range.
• Achieved corporate credit rating upgrade to investment-grade (BBB-) from Fitch Ratings.

Soleno Therapeutics achieved significant commercial success in Q4 2025, generating $91.7 million in revenue from VYKAT XR and reaching quarterly net income of $43.4 million. The company saw strong adoption with 1,250 total patient start forms since launch and expanded its prescriber base, while maintaining a robust cash position of over $500 million to support future international expansion and pipeline development.

• VYKAT XR generated $91.7 million in net product revenue for the fourth quarter of 2025.
• The company achieved quarterly net income of $43.4 million, a significant turnaround from a $56.0 million loss in the prior year period.

Fidelis delivered a strong Q4 2025, characterized by a combined ratio of 80.6% and an annualized operating ROAE of 18.3%. The company benefited from favorable prior year reserve development and lower catastrophe losses compared to the prior year, while continuing its capital return strategy through $133.6 million in share repurchases and dividends.

• Combined ratio improved significantly to 80.6% from 128.0% in the prior year quarter.
• Net income reached $117.8 million, or $1.17 per diluted share, compared to a net loss in Q4 2024.

Magnite delivered a solid Q4 2025 with revenue growing 6% and Contribution ex-TAC increasing 8% year-over-year. The company saw a major inflection in the programmatic CTV market, which grew 32% excluding political spend. Net income was significantly boosted by a $90 million one-time tax benefit related to the release of a valuation allowance.

• Revenue reached $205.4 million, up 6% year-over-year, while Contribution ex-TAC grew 8% to $195.1 million.
• CTV Contribution ex-TAC grew 20% (32% excluding political), now representing nearly 50% of the business.

In Q1 FY2026, Photronics generated $225066000 in revenue, up 6.1% year-over-year, with GAAP net income of $42939000 and operating margin of 24.4%, supported by strong IC segment performance.

• Revenue increased 6.1% year-over-year to $225066000.
• GAAP net income attributable to shareholders was $42939000, or $0.74 per diluted share.

IMAX delivered a transformational 2025, achieving its highest-ever annual revenue and global box office. The fourth quarter saw a 35% revenue increase year-over-year, driven by record box office performance from titles like Avatar: Fire and Ash. The company expanded its total addressable market to 4,500 zones and provided strong 2026 guidance.

• Achieved record full-year 2025 revenue of $410 million and record global box office of $1.28 billion.
• Q4 2025 revenue grew 35% year-over-year to $125.2 million, with Adjusted EBITDA margin reaching 45.6%.

HCI Group delivered record fourth-quarter results with net income rising to $108 million and diluted EPS of $7.25, significantly outperforming the prior year. The performance was driven by strong premium growth, a low gross loss ratio of 15.6%, and the successful IPO of its technology platform, Exzeo.

• Reported record quarterly pre-tax income of $144 million and net income of $108 million.
• Gross premiums earned increased to $332 million, driven by a higher volume of insurance policies in force.

LeMaitre Vascular reported strong Q4 2025 results with a 16% increase in sales and a 47% surge in operating income, driven by higher average selling prices and manufacturing efficiencies. The company also announced a 25% dividend increase and a new $100 million share repurchase program.

• Q4 sales grew 16% to $64.5 million, with organic growth at 15% led by Grafts and Valvulotomes.
• Operating income increased 47% to $18.8 million, benefiting from a gross margin expansion to 71.7%.

In Q4 2025, Oddity Tech generated $152726000 in net revenue, up 24% year-over-year, with net income of $5884000 and adjusted EBITDA of $12514000, while gross margin declined to 70.5% and adjusted EBITDA margin contracted to 8.2%.

• Net revenue increased 24% year-over-year to $152726000.
• Gross profit reached $107620000 with gross margin of 70.5%.

Veeco experienced a year-over-year decline in Q4 revenue and net income but highlighted strong bookings in the second half of the year. The company is focusing on growth driven by AI and High-Performance Computing and has announced a planned merger with Axcelis.

• Q4 revenue reached $165.0 million, down from $182.1 million in the prior year period.
• GAAP net income decreased significantly to $1.1 million compared to $15.0 million in Q4 2024.

Alkami delivered strong fourth-quarter results with revenue growth of 34.7% and a significant increase in Adjusted EBITDA. The company saw record new logo signings and expanded its digital banking user base to 22.4 million, while successfully launching its Digital Sales & Service Platform.

• GAAP total revenue reached $120.8 million, representing a 34.7% year-over-year increase.
• Adjusted EBITDA nearly doubled year-over-year to $19.1 million for the quarter.

For Q4 2025, Recursion generated 35537000 in total revenue, primarily from collaboration agreements, compared to 4546000 in Q4 2024. Net loss narrowed to 108124000 from 178905000 in the prior year quarter. The company ended the quarter with 753921000 in cash, cash equivalents and restricted cash.

• Total revenue increased to 35537000 from 4546000 year over year.
• Net loss improved to 108124000 compared to 178905000 in Q4 2024.

Ingevity's Q4 2025 was characterized by a significant GAAP net loss of $84.6 million, primarily due to $109.3 million in non-cash impairment charges related to the Road Markings product line. However, the company maintained a strong adjusted EBITDA margin of 27.6% for continuing operations and generated robust free cash flow of $73.5 million, allowing for debt reduction and share repurchases.

• Net sales from continuing operations declined 3.2% to $255.1 million due to lower volumes in Advanced Polymer Technologies and Performance Materials.
• Reported a Q4 net loss of $84.6 million, largely impacted by a $109.3 million pre-tax non-cash special charge for Road Markings asset impairment.

LandBridge delivered strong fourth-quarter results with revenue growing 56% year-over-year to $56.8 million, driven by increased surface use royalties and resource sales. The company maintained high profitability with an Adjusted EBITDA margin of 90% and announced a 20% increase in its quarterly dividend alongside a new $50 million share repurchase authorization.

• Quarterly revenue increased 56% year-over-year to $56.8 million, supported by 450 new easements and agreements executed during 2025.
• Adjusted EBITDA grew 61% year-over-year to $51.1 million, representing a robust 90% margin.

Array Technologies reported a challenging fourth quarter with a significant net loss driven by one-time inventory charges and goodwill impairment, despite achieving a record orderbook of $2.2 billion. While revenue declined year-over-year for the quarter, the company saw strong full-year volume growth and provided optimistic 2026 guidance based on international expansion and new product launches.

• Achieved a record orderbook of $2.2 billion as of December 31, 2025, including $100 million from the APA acquisition.
• Q4 results were heavily impacted by a $29.5 million inventory valuation charge and a $102.6 million non-cash goodwill impairment charge.

Immunocore generated $104478000 in Q4 2025 revenue from KIMMTRAK, reflecting continued growth year-over-year, while net loss widened to $30060000 due to increased R&D investment and ongoing Phase 3 trials.

• Q4 2025 net product sales increased year-over-year to $104478000.
• R&D expenses rose significantly to support Phase 3 trials and autoimmune programs.

PROCEPT BioRobotics reported Q4 2025 revenue of $76.4 million, a 12% increase year-over-year, driven by record procedure volumes and system placements. Despite strong operational metrics, the company missed revenue expectations due to a strategic decision to reduce field inventory and eliminate end-of-quarter incentives, resulting in a wider net loss of $29.8 million.

• Achieved record quarterly procedure volume of approximately 12,200, representing 69% year-over-year growth.
• Sold 65 new systems in Q4, marking the strongest capital quarter in the company's history.

CBIZ reported a significant revenue increase in Q4 2025, driven by the integration of the Marcum acquisition, which is now nearly complete. While the company recorded a GAAP net loss for the quarter due to integration and transaction-related costs, adjusted metrics showed progress, and management issued a positive outlook for 2026 focusing on margin expansion and strong free cash flow.

• Total revenue for Q4 increased 17.9% year-over-year to $542.7 million.
• The integration of Marcum is nearly complete, with synergies tracking ahead of original plans.

Ellington Financial reported positive results for Q4 2025, characterized by strong loan origination and securitization activity. While net income was impacted by unrealized losses on unsecured debt and issuance costs, Adjusted Distributable Earnings remained robust, significantly exceeding dividends. The company successfully completed its largest unsecured notes offering of $400 million, which was used to fortify the balance sheet and fund portfolio growth.

• Net income attributable to common stockholders was $14.7 million, or $0.14 per share, while Adjusted Distributable Earnings reached $51.4 million, or $0.47 per share.
• The company closed a record $400 million unsecured notes offering, utilizing proceeds to replace short-term repo financing and expand the investment portfolio by 9%.

Dole generated revenue of 2366162000 in Q4 2025, up 9.2% year-over-year, with net income of 6002000 compared to a prior-year loss. Adjusted EBITDA was 72667000, slightly below last year, as higher fruit costs in Fresh Fruit offset strong growth in the Diversified segments.

• Revenue increased 9.2% year-over-year to 2366162000 driven by broad-based segment growth.
• Net income improved to 6002000 from a prior-year loss of 31597000.

Redwire achieved record quarterly revenue of $108.8 million, a 56.4% increase year-over-year, though it faced a widened net loss of $85.5 million due to non-recurring activities and impairment charges. The company strengthened its balance sheet through debt repayment and reported a record contracted backlog of $411.2 million.

• Quarterly revenue grew 56.4% year-over-year to $108.8 million, reaching the top end of 2025 guidance.
• Contracted backlog reached a record $411.2 million, providing strong momentum for 2026.

TETRA Technologies achieved its highest annual revenue and Adjusted EBITDA in 10 years. Despite a GAAP loss in Q4 due to unusual charges, the company generated significant operating cash flow of $31.7 million and maintained a strong balance sheet with a net leverage ratio of 1.1x.

• Annual 2025 revenue of $631 million and Adjusted EBITDA of $114 million were the highest in a decade.
• Completion Fluids & Products segment achieved record annual results and a 28.2% Adjusted EBITDA margin in Q4.

C3 AI reported a significant decline in total revenue and gross margins for the third quarter of fiscal 2026, while undergoing a major organizational restructuring. Under new leadership, the company is focusing on reducing cost structures and shifting its go-to-market strategy toward large-scale enterprise transformations, particularly within the Federal and Defense sectors which saw strong bookings growth.

• Total revenue decreased to $53.3 million from $98.8 million in the same quarter last year.
• Federal, defense, and aerospace bookings increased by 134% year-over-year, representing 55% of total bookings.

Enovix achieved record quarterly revenue of $11.3 million, driven primarily by defense and industrial shipments from its South Korean operations. While the company continues to report operating losses as it scales, it made significant progress in smartphone qualification and smart eyewear commercialization, ending the year with a strong liquidity position of $621 million.

• Achieved record Q4 revenue of $11.3 million, representing a 16% increase over the prior year's quarter.
• Successfully met energy density, fast-charge, and safety requirements for lead smartphone customer evaluation samples.

XPEL reported strong fourth quarter 2025 results with double-digit revenue growth, margin expansion, and significant increases in EBITDA and net income, driven by product and service revenue growth and operating leverage.

• Revenue increased 13.7% year-over-year to 122267000.
• Gross margin expanded to 41.9% from 40.6% last year.

UMH Properties reported a solid fourth quarter with total income increasing 8% to $67.0 million. While the company experienced a slight net loss attributable to common shareholders of $506,000 for the quarter, Normalized FFO grew to $20.5 million. The company continues to benefit from strong occupancy growth and successful refinancing activities that have significantly increased documented property values.

• Total income for Q4 2025 increased 8% year-over-year to $67.0 million.
• Normalized FFO for the quarter rose to $20.5 million, or $0.24 per diluted share.

SkyWater achieved record annual revenues of $442.1 million in 2025, largely due to the integration of SkyWater Texas (Fab 25). While Q4 revenue grew 127% year-over-year to $171 million, the company reported a GAAP net loss for the quarter due to inflation-related cost overruns in Florida and transaction-related expenses. A definitive agreement was also announced for IonQ to acquire SkyWater.

• Announced a definitive agreement to be acquired by IonQ for $35.00 per share in a cash-and-stock transaction.
• Record consolidated revenue for Q4 2025 reached $171.0 million, a 127% increase compared to Q4 2024.

Excelerate Energy achieved record full-year results in 2025, driven by the Jamaica acquisition and global portfolio optimization. While Q4 saw sequential declines in revenue and net income due to cargo delivery timing and hurricane impacts in Jamaica, the company maintained strong profitability and provided a robust 2026 outlook supported by new long-term contracts in Bangladesh and infrastructure projects in Iraq.

• Reported record full-year Net Income of $167 million and Adjusted EBITDA of $449.3 million.
• Commenced 15-year LNG Sale and Purchase agreements with QatarEnergy and Petrobangla in January 2026.

Bristow Group reported Q4 2025 net income of $18.4 million on revenues of $377.3 million. The company met its full-year 2025 Adjusted EBITDA guidance and affirmed a positive 2026 outlook, driven by expected growth in Government Services and improved terms in Offshore Energy. The company also successfully refinanced its Senior Notes and declared its first quarterly dividend.

• Achieved full-year 2025 Adjusted EBITDA of $245.6 million, meeting the midpoint of the company's guidance.
• Initiated a quarterly cash dividend of $0.125 per share, supported by a robust balance sheet and positive cash flow outlook.

UWM Holdings Corporation (UWMC) achieved a total loan origination volume of $49.6 billion in Q4 2025, driven by a surge in refinance activity. The company reported net income of $164.5 million and adjusted EBITDA of $232.8 million, benefiting from an expanded gain margin of 122 bps.

• Total loan origination volume reached $49.6 billion, the largest quarterly volume since 2021.
• Refinance originations grew significantly to $30.7 billion, up from $16.8 billion in the prior year quarter.

Pebblebrook reported a net loss for Q4 2025, primarily due to impairment charges, but saw growth in Same-Property Hotel EBITDA and Adjusted EBITDAre. The company benefited from a strong recovery in San Francisco and resilient resort demand, while facing challenges in Washington DC and San Diego due to government-related disruptions.

• Same-Property Hotel EBITDA grew 3.9% to $64.6 million, exceeding the company's outlook midpoint.
• San Francisco market saw a significant recovery with Q4 RevPAR increasing by 37.9%.

Encore Capital Group delivered a strong fourth quarter and full year, characterized by record collections and portfolio purchases in the U.S. market. The company successfully returned to profitability in Q4 2025 compared to a net loss in the prior year period, driven by a 78% increase in revenue and improved operational efficiency.

• Global collections for Q4 2025 rose 21% to $670 million compared to the same period last year.
• Quarterly revenue increased 78% to $473.6 million, primarily due to higher debt purchasing revenue and favorable changes in recoveries.

US Physical Therapy delivered a strong finish to 2025 with record patient volumes and significant margin improvement. The company saw its seventh consecutive quarter of record visits per clinic per day and successfully managed costs despite inflationary pressures, while announcing major long-term hospital affiliation agreements expected to drive substantial growth in 2027.

• Achieved record average visits per clinic per day of 32.7 in Q4, the highest in company history.
• Physical therapy adjusted gross margin increased approximately 200 basis points to 20.5% in Q4.

Trinity Capital delivered solid fourth quarter 2025 financial results with higher total investment income, strong net investment income, improved returns on average equity and assets, and continued growth in investments funded and commitments compared to the prior year.:contentReference[oaicite:0]{index=0}

• Total investment income increased 17.5% year-over-year to $83200000.:contentReference[oaicite:1]{index=1}
• Net investment income was $39900000 or $0.52 per share.:contentReference[oaicite:2]{index=2}

Newpark Resources (NPK) delivered a strong fourth quarter with revenue growth of 31% year-over-year, driven by robust demand for rental fleet and DURA-BASE products in the utility sector. The company successfully completed the acquisition of Grassform in the UK and introduced optimistic 2026 guidance reflecting continued expansion in power transmission infrastructure.

• Total revenue increased 31% year-over-year to $75.2 million, with rental revenues specifically growing 35%.
• Adjusted EBITDA from continuing operations reached $21.7 million, representing a 28.8% margin.

Geron generated $48015000 in total revenue in Q4 2025, driven by $48013000 in RYTELO net product revenue, while reporting a net loss of $31144000 reflecting restructuring expenses and continued commercial investment.

• RYTELO net product revenue reached $48013000 in Q4 2025.
• Total revenues were $48015000 including royalties.

Safety Insurance Group reported a strong fourth quarter with net income more than doubling to $20.1 million compared to the prior year. The improvement was driven by rate increases earning into top-line results and improved underwriting performance, resulting in a combined ratio of 99.4% for the quarter.

• Net income per diluted share rose to $1.36 in Q4 2025 from $0.55 in Q4 2024.
• Net earned premiums increased by 9.0% to $293.2 million due to prior year rate increases.

Pennant Group achieved significant growth in Q4 2025, with revenue increasing 53.2% year-over-year to $289.3 million. The company saw strong momentum in its Home Health and Hospice segment, driven by strategic acquisitions and organic growth, while the Senior Living segment showed steady improvement in occupancy and rates.

• Total revenue for Q4 increased by 53.2% to $289.3 million compared to the prior year quarter.
• Home Health admissions surged by 81.3% and Medicare Home Health admissions grew by 87.5% in Q4.

Ramaco Resources reported a challenging fourth quarter with a net loss of $14.7 million, primarily driven by a 20% decline in U.S. high-vol metallurgical coal indices. Despite market headwinds, the company achieved its lowest cash costs in four years at $92 per ton and significantly strengthened its balance sheet, ending the year with record liquidity of $521 million to support its transition into a dual-platform critical minerals company.

• Achieved record liquidity of $521 million, a 275% increase year-over-year, following significant capital raises in late 2025.
• Quarterly cash mine costs fell to $92 per ton, the lowest level since Q4 2021, maintaining a first-quartile position on the U.S. cost curve.

Pursuit delivered record full-year performance with 23% revenue growth, though the fourth quarter saw a seasonal net loss. The company is transitioning to a standalone entity following the sale of its GES business and has announced the sale of its Flyover Attractions business to focus on core iconic destinations.

• Q4 revenue grew 24.6% year-over-year to $57.1 million, driven by Jasper property recovery and new experiences.
• The company reported a seasonal Q4 net loss of $25.7 million, primarily impacted by the absence of the GES business sold in 2024.

Sinclair reported a strong fourth quarter that exceeded guidance on key metrics, driven by 14% growth in core advertising revenue. While total revenue declined year-over-year due to the absence of 2024's record political spending, the company successfully optimized its portfolio and strengthened its liquidity position to $1.5 billion.

• Core advertising revenue grew 14% year-over-year to $354 million, reflecting strong demand for live sports.
• The company met or exceeded guidance on all key financial metrics for the quarter and full year.

BBSI delivered a solid fourth quarter with revenues reaching $321.1 million, driven by a 6% increase in gross billings and a 5% rise in average worksite employees. Despite a slight moderation in same-customer sales, the company achieved strong new client wins and maintained high retention rates, finishing the year with a debt-free balance sheet and significant capital returns to shareholders.

• Revenues increased 5% year-over-year to $321.1 million for the fourth quarter.
• Gross billings grew 6% to $2.40 billion, supported by a 5% increase in average worksite employees (WSEs).

TaskUs achieved record quarterly revenue of $313.0 million in Q4 2025, representing 14.1% year-over-year growth and exceeding guidance. The company demonstrated strong profitability with a net income of $29.7 million and expanded its client base to 200 total clients, including 21 generating over $10 million in annual revenue.

• Achieved record quarterly revenue of $313.0 million, exceeding the top-end of guidance by approximately 3%.
• AI Services and Trust & Safety segments led growth with year-over-year increases of 45.9% and 18.2%, respectively.

Root achieved a significant milestone in Q4 2025, maintaining net income profitability for the full year while growing annual revenue to $1.5 billion. The company demonstrated strong scaling economics through its AI-driven pricing models and expanded its distribution through a new data partnership with Toyota, despite a year-over-year decrease in quarterly net income due to deliberate growth investments.

• Achieved full-year net income of $40.3 million, a significant improvement over the prior year.
• Gross premiums written for Q4 grew 9% year-over-year to $361.6 million.

Schrodinger reported a mixed fourth quarter with total revenue declining slightly by 1.2% due to a transition in software revenue recognition, though the company achieved a net income of $32.5 million compared to a loss in the prior year. The company is accelerating its shift to a hosted software model to improve revenue predictability by 2028.

• Total Q4 revenue was $87.2 million, a slight 1.2% decrease year-over-year.
• Software revenue decreased 13% to $69.3 million as the company transitions from upfront to ratable hosted revenue recognition.

Teladoc Health delivered Q4 2025 revenue of $642.3 million, which was flat year-over-year, while adjusted EBITDA grew 12% to $83.8 million. The company saw a significant narrowing of its net loss compared to the prior year, driven by growth in the Integrated Care segment and international markets, despite a decline in BetterHelp revenue.

• Q4 revenue of $642.3 million was flat year-over-year, beating the midpoint of guidance.
• Adjusted EBITDA increased 12% to $83.8 million, reflecting improved operational efficiency.

GoodRx delivered a stable fourth quarter with revenue of $194.8 million and net income of $5.4 million. While prescription transaction revenue saw a decline due to retail pharmacy landscape changes, the Pharma Direct segment (formerly Pharma Manufacturer Solutions) showed significant growth, increasing 41% for the full year. The company remains focused on cost discipline and capital allocation, including significant share repurchases throughout 2025.

• Q4 revenue reached $194.8 million, with Pharma Direct revenue growing to $44.4 million in the quarter.
• Net income for the quarter was $5.4 million, representing a 2.8% net income margin.

BJ's Restaurants delivered a strong fourth quarter with a 3.2% revenue increase and a significant turnaround in net income, moving from a loss in the prior year to $12.6 million. The company achieved its 6th consecutive quarter of comparable sales growth, driven by a traffic increase of over 4%.

• Comparable restaurant sales increased by 2.6% during the fourth quarter.
• Restaurant level operating profit margin expanded by 70 basis points to 16.1%.

Montrose Environmental Group reported record full-year revenue and cash flow, though Q4 saw a slight decline in Adjusted EBITDA due to segment mix and project timing. The company successfully redeemed its Series A-2 Preferred Stock and plans to resume strategic acquisitions in 2026.

• Q4 revenue grew 2.2% to $193.3 million, driven by organic growth in Assessment, Permitting and Response.
• Full-year 2025 revenue increased 19.3% to $830.5 million with 13% organic growth.

Whitestone REIT delivered strong fourth-quarter results with record occupancy of 94.6% and a 3.8% growth in Same-Store Net Operating Income. The company reported a significant increase in net income driven by property sales and remains on track with its long-term Core FFO growth targets.

• Achieved record total occupancy of 94.6% for wholly owned properties.
• Net income per diluted share rose to $0.43, inclusive of a $0.30 gain on property sales.

Energy Recovery delivered a strong Q4 2025 with revenue of $66.9 million and a 22% increase in operating income to $31.3 million. While gross margins compressed slightly due to product mix and tariffs, the company significantly reduced operating expenses by 36.5%, leading to improved profitability and a diluted EPS of $0.50.

• Revenue remained stable at $66.9 million, with strong growth in the Aftermarket channel (up 54%) offsetting declines in OEM revenue.
• Operating expenses decreased by 36.5% to $13.6 million, driven by lower employee, consulting, and restructuring costs.

Hovnanian generated $631952000 in total revenue in Q1 2026 and net income of $20859000, as homebuilding gross margin compressed year-over-year, partially offset by disciplined SG&A and strong liquidity of $471400000.

• Total revenues were $631952000, down year-over-year.
• Net income was $20859000 with diluted EPS of $2.62.

NerdWallet delivered a strong Q4 2025 with revenue reaching $225.4 million, driven by significant growth in personal loans and banking products. Despite headwinds in organic search traffic affecting credit cards and SMB segments, the company achieved a GAAP net income of $14 million and expanded its share repurchase program.

• Q4 revenue grew 23% year-over-year to $225.4 million, led by a 141% surge in Loans revenue.
• Organic search headwinds from AI overviews and LLMs impacted Credit Cards and SMB product revenues, which declined 24% and 12% respectively.

In Q4 2025, Ironwood generated total revenue of 47709000, reported a GAAP net loss of 2276000, and recorded adjusted EBITDA of 10913000, reflecting lower LINZESS U.S. net sales and a decline in commercial margin.

• Total revenue declined to 47709000 from 90545000 year-over-year.
• GAAP net loss was 2276000 compared to GAAP net income of 2256000 in Q4 2024.

Hippo reported strong Q4 2025 results with 40% gross written premium growth, improved underwriting performance, a 99.4% combined ratio, and positive net and adjusted income.

• Gross Written Premium increased 40% to 287900000.
• Net income attributable to Hippo was 6000000 with diluted EPS of 0.23.

Northwest Pipe (NWPX Infrastructure) delivered a record-breaking fourth quarter and full year 2025, characterized by record net sales and gross profit. Despite a slight decrease in GAAP net income for the quarter, adjusted earnings showed significant growth, supported by strong bidding activity in Water Transmission Systems and stable performance in the Precast segment.

• Achieved record Q4 net sales of $125.6 million, a 5.0% increase year-over-year.
• Q4 gross profit reached a record $26.8 million, up 19.2% compared to the prior year period.

Carriage Services delivered strong fourth-quarter results with an 8% revenue increase and a 24.2% rise in GAAP diluted EPS. Growth was primarily driven by a 9.6% increase in funeral operating revenue and an 18.4% increase in cemetery operating revenue, supported by higher contract volumes and robust preneed cemetery sales production.

• Total revenue grew 8.0% to $105.5 million, driven by funeral volume and preneed cemetery sales.
• GAAP diluted EPS increased 24.2% to $0.77, while Adjusted diluted EPS rose 21.0% to $0.75.

Amerisafe reported a decrease in net income for Q4 2025 despite a 10.7% increase in net premiums earned. The results were impacted by higher-than-anticipated loss severity in the current accident year, leading to an increase in the loss ratio, though the company maintained a strong return on equity of 18.5% for the full year.

• Gross premiums written increased 11.7% to $70.1 million in Q4 2025 compared to Q4 2024.
• Net income fell 21.0% to $10.4 million, primarily due to higher loss and loss adjustment expenses.

ARKO Corp. reported a return to profitability in Q4 2025 with net income of $1.9 million, driven by a significant transformation plan involving the conversion of retail sites to dealer locations. While total revenues declined due to these conversions and a challenging macroeconomic environment, the company saw improved merchandise and fuel margins and a 15.6% increase in Adjusted EBITDA.

• Net income improved to $1.9 million in Q4 2025 compared to a net loss of $2.3 million in the prior year period.
• Adjusted EBITDA grew 15.6% to $65.7 million, reflecting the impact of retail-to-dealer conversions and improved cost discipline.

LSB Industries delivered a strong fourth quarter, returning to profitability with net income of $16.1 million compared to a loss in the prior year. The results were driven by higher selling prices and increased production volumes due to improved plant reliability and the absence of planned turnarounds.

• Net sales increased 22% year-over-year to $165.0 million driven by higher pricing and volumes.
• Adjusted EBITDA grew to $54.1 million, a significant increase from $37.6 million in Q4 2024.

Ibotta reported Q4 2025 results that exceeded the upper end of its guidance for revenue and Adjusted EBITDA, despite a 10% year-over-year revenue decline. The company saw significant growth in its third-party publisher network, particularly through partnerships with DoorDash and Instacart, while continuing its share repurchase program.

• Q4 revenue reached $88.5 million, exceeding the upper end of the company's guidance range.
• The Ibotta Performance Network (IPN) saw a 19% year-over-year increase in redeemers to 20.4 million.

Climb Global Solutions completed the acquisition of Greece-based interworks.cloud for approximately €8.0 million ($9.4 million) to strengthen its Pan-European Microsoft distribution strategy. The acquisition adds over 600 cloud resellers and is expected to be accretive to earnings and adjusted EBITDA.

• Acquired interworks.cloud for approximately $9.4 million (€8.0 million) to expand reach in Southeastern Europe.
• Interworks reported a fiscal year 2025 adjusted EBITDA of approximately $1.0 million (€901,002).

The report details significant collaborative arrangements and related party transactions for the fiscal year ending December 31, 2025. Key financial movements include a substantial increase in deferred other income and revenue remaining from performance obligations, alongside significant losses on investments in preferred stocks and SAFEs.

• Revenue remaining from performance obligations increased significantly to $158.6 million in 2025 from $85.8 million in 2024.
• The company recognized a loss on investments in Genomatica, Inc. Preferred Stock of $16.4 million during 2025.

MGP Ingredients reported a challenging fourth quarter with a 23% decline in sales and a significant net loss due to a $152.6 million non-cash impairment charge in the Branded Spirits segment. Despite these headwinds, the company achieved full-year results above the top end of its guidance and generated record-high cash flow from operations.

• Consolidated sales decreased 23% to $138.3 million, primarily driven by lower brown goods sales in Distilling Solutions.
• A $152.6 million non-cash impairment charge led to a GAAP net loss of $134.6 million for the quarter.

Summit Hotel Properties reported a net loss for the fourth quarter of 2025 as demand stabilized but faced headwinds from a government shutdown and lower international travel. Despite a decrease in RevPAR and Adjusted EBITDAre, the company continued its capital recycling program, selling non-core assets at attractive cap rates and successfully refinancing debt to eliminate maturities until 2028.

• Net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share.
• Same Store RevPAR decreased by 1.6% to $115.34, though growth improved 240 basis points sequentially.

Bloomin' Brands generated $975223000 in total revenue in Q4 2025, up modestly year-over-year, while reporting a net loss of $13475000 attributable to shareholders, impacted by a $28188000 goodwill impairment and margin pressure.

• Total revenues increased 0.3% year-over-year to $975223000.
• Net loss attributable to Bloomin’ Brands was $13475000.

Dine Brands Global, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share of common stock for the first quarter of 2026. The company continues to support and operate nearly 3,500 restaurants across its Applebee's, IHOP, and Fuzzy's Taco Shop brands globally.

• Declared a quarterly cash dividend of $0.19 per share of common stock.
• Dividend is payable on April 10, 2026, to stockholders of record as of March 18, 2026.

Crescent Capital BDC reported a decrease in net investment income for the fourth quarter of 2025, primarily driven by lower benchmark interest rates affecting its floating-rate heavy portfolio. Despite the decline in income, the company maintained a stable base dividend and a high percentage of first-lien investments, though net asset value per share decreased to $19.10.

• Net investment income per share for Q4 2025 was $0.45, down from $0.55 in the same period last year.
• The portfolio remains heavily weighted toward senior secured debt, with 89.1% in first-lien or unitranche positions.

Maravai reported Q4 revenue of $49.9 million, a decrease of 11.8% year-over-year, primarily due to lower high-volume CleanCap orders. Despite a net loss of $63.0 million, the company achieved a positive Adjusted EBITDA of $0.5 million, signaling improved operating leverage following its cost reduction initiatives.

• Quarterly revenue reached $49.9 million, exceeding internal expectations despite an 11.8% year-over-year decline.
• Returned to positive Adjusted EBITDA of $0.5 million in Q4, compared to a loss of $1.1 million in the prior year period.

Chiron Real Estate (formerly Global Medical REIT) reported a net loss for Q4 2025 due to impairment charges, but saw growth in Core FFO and Same-Property Cash NOI. The company announced a transition from quarterly to monthly dividends and provided 2026 guidance reflecting a stable portfolio outlook.

• Core FFO increased 6.4% year-over-year to $1.16 per share and unit.
• Same-Property Cash NOI growth was 5.4% on a year-over-year basis.

Lightbridge ended fiscal year 2025 with a robust cash position of $201.9 million, primarily driven by $176 million in net proceeds from its ATM equity offering. While the company remains in the pre-revenue development stage with a net loss of $19.6 million for the year, it achieved key technical milestones in co-extruding uranium-zirconium alloy samples for testing in the Advanced Test Reactor.

• Cash and cash equivalents increased to $201.9 million from $40.0 million in the prior year.
• Successfully co-extruded fuel samples and began testing in the Advanced Test Reactor at Idaho National Laboratory.

agilon health reported a challenging fourth quarter with a net loss of $189 million and a 3% revenue increase to $1.57 billion. The company faced elevated medical cost trends and negative medical margins, but highlighted transformation initiatives aimed at achieving breakeven Adjusted EBITDA in 2026.

• Total revenue increased 3% year-over-year to $1.57 billion in Q4 2025.
• Net loss widened significantly to $189 million compared to $106 million in the prior year quarter.

RxSight reported a challenging fourth quarter with total revenue declining 19% year-over-year to $32.6 million, primarily driven by a significant 72% drop in Light Delivery Device (LDD) sales. Despite the revenue contraction, the company achieved a record gross margin of 77.5% due to a favorable product mix shift toward Light Adjustable Lenses (LAL), and sequential LAL unit growth of 10% suggests stabilizing demand.

• Total revenue decreased 19% to $32.6 million, missing the prior year's record LDD placement levels.
• Gross margin expanded significantly to 77.5%, up from 71.6% in Q4 2024, due to higher-margin LAL sales.

Chatham Lodging Trust issued a press release primarily to announce its 2026 Annual Meeting of Shareholders, scheduled for May 12, 2026. The company continues to focus on its portfolio of 33 premium-branded extended-stay and select-service hotels across 15 states and the District of Columbia.

• The 2026 Annual Meeting of Shareholders is set for May 12, 2026, at 10:00 a.m. EDT.
• The record date for shareholder voting eligibility is March 16, 2026.

Service Properties Trust reported a net loss of $0.8 million for Q4 2025, a significant improvement from the $76.4 million loss in the prior year. The company made substantial progress in its portfolio optimization strategy, selling 66 hotels during the quarter for $533.9 million and using proceeds to aggressively deleverage its balance sheet.

• Sold 66 hotels in Q4 for $533.9 million, bringing total 2025 hotel sales to $858.8 million.
• Redeemed $450.0 million of 4.75% senior unsecured notes due 2026 using cash on hand and credit facility borrowings.

Revenue declined significantly year-over-year, driven by weakness in the Thermal Barrier segment. The company posted a substantial net loss due to restructuring, impairment, and disposal charges, while Adjusted EBITDA turned negative.

• Q4 revenue fell to 41339000 from 123088000 year-over-year.
• Thermal Barrier revenue declined significantly due to lower EV demand.

Spok Holdings delivered a solid fourth quarter with a significant 83% sequential increase in software operations bookings and a 3.4% year-over-year increase in software revenue. While total revenue remained flat, the company maintained a strong cash position with no debt and continued its strategy of returning capital to stockholders through dividends.

• Software operations bookings grew 14% year-over-year to $8.1 million, driven by 14 six- and seven-figure contracts.
• Wireless average revenue per unit (ARPU) increased to $8.26, helping to mitigate the impact of unit churn.

Xperi reported a slight decline in Q4 revenue but achieved significant growth in its strategic platforms, including a 250% increase in TiVo One monthly active users. While the company posted a GAAP net loss for the quarter, it demonstrated improved operational efficiency and expects to reach positive free cash flow in 2026.

• TiVo One monthly active users reached 5.3 million, exceeding the year-end goal of 5 million.
• DTS AutoStage footprint expanded by 40% year-over-year to reach 14 million vehicles.

The Honest Company reported Q4 2025 results that met expectations despite a revenue decline driven by strategic exits from lower-margin categories like apparel and Canadian retail. While GAAP net loss widened significantly due to restructuring charges, the company achieved positive Adjusted Net Income and Adjusted EBITDA, and announced its first-ever $25 million share repurchase program.

• Revenue decreased 11.8% to $88.0 million, primarily due to strategic exits under the 'Powering Honest Growth' transformation plan.
• Organic revenue grew 0.7% in Q4, driven by strength in wipes and baby personal care categories.

CS Disco achieved Q4 2025 revenue of $41.2 million, driven by a 14% increase in software revenue and a massive 600% surge in Cecilia AI and Auto Review revenue. While the company remains in a net loss position, it significantly narrowed its GAAP net loss from $25.2 million to $8.5 million year-over-year and improved its Adjusted EBITDA margin.

• Total revenue for Q4 2025 grew 11% year-over-year to $41.2 million.
• Cecilia AI platform and Auto Review revenue increased over 600% compared to Q4 2024.

ZipRecruiter concluded 2025 with quarterly revenue of $111.7 million, showing momentum despite a soft hiring market. While the company faced a full-year net loss of $33.0 million, it exceeded its Adjusted EBITDA expectations and is focusing on AI-powered product investments for 2026.

• Quarterly revenue reached $111.7 million, achieving year-over-year growth in the fourth quarter.
• Full-year Adjusted EBITDA of $40.8 million (9% margin) exceeded the company's previous expectations.

Innoviz generated $12674000 in Q4 2025 revenue, up from $6027000 in Q4 2024, but reported a net loss of $21255000 as operating expenses rose to $22992000.

• Q4 revenue more than doubled year over year to $12674000.
• Gross profit improved to $2065000 from $539000 in the prior year.

OraSure faced a challenging 2025 with a 29% year-over-year revenue decline in Q4, primarily driven by lower HIV test sales and a drop in consumer genomics demand. Despite the revenue contraction and a significant operating loss, the company maintained a strong cash position of $199 million and is pivoting toward growth in 2026 through new FDA submissions for STI testing and molecular self-tests.

• Q4 total revenue of $26.8 million exceeded the midpoint of management's guidance despite a 29% year-over-year decrease.
• Core business revenue fell 22% to $26.7 million, impacted by lower HIV test volumes and a large customer decline in Sample Management Solutions.

Red Robin saw steady improvement in business performance following the launch of its 'First Choice' strategic plan, outperforming the casual dining industry in traffic by December. Despite a decrease in total revenue and a net loss for the quarter, the company significantly improved its full-year Adjusted EBITDA and entered 2026 with a more disciplined, guest-driven roadmap.

• Outperformed the casual dining industry in guest traffic in December for the first time since Q3 2024.
• Full-year Adjusted EBITDA increased 53% year-over-year to $69.7 million due to efficiency initiatives.

eHealth achieved record-breaking quarterly revenue of $326.2 million, driven by strong Medicare segment growth and improved unit economics. Despite a decrease in GAAP net income due to higher effective tax rates, the company improved its adjusted EBITDA by 10% and ended the year with a record $1.1 billion in commissions receivable.

• Achieved record quarterly revenue of $326.2 million, a 4% increase year-over-year.
• Medicare Advantage constrained lifetime value (LTV) of commissions increased 11% to $1,304.