Today's Finance Pulse
SpaceX files for record‑size IPO, targeting $50B‑plus raise and $1T valuation
SpaceX confidentially filed for an IPO slated for June 2026, aiming to raise at least $50 billion and push its valuation above $1 trillion. Founder Elon Musk holds roughly 44 percent of the company, giving him a net worth of about $823 billion. The filing positions the rocket and satellite maker among the most valuable public companies ever.
Also developing:
By the numbers: Berkshire Hathaway invests $10B in Alphabet's private placement
Photonic Secures $200 Million Series B, Valuing Firm at $2 Billion
Photonic Inc. closed a $200 million Series B financing round, pushing its post‑money valuation to $2 billion. Led by UK‑based Planet First Partners, the round adds a slate of Canadian and international investors and underpins the company’s push to commercial‑scale distributed quantum computers over existing fiber networks.
Breeze Acquisition Corp. II Prices $125 M IPO to Fuel B2B Dealmaking
Breeze Acquisition Corp. II announced a $125 million IPO, pricing 12.5 million units at $10 each. The blank‑check vehicle will list on Nasdaq under “BREZU,” positioning fresh capital for B2B‑focused mergers and acquisitions.
Nova Ltd (NVMI) Q1 2026 Earnings Call Transcript
Nova Measuring Instruments reported Q1 2020 revenue of $61 million, surpassing its guidance, with GAAP gross margin improving to 56% and operating margin reaching 21%. The quarter featured a strategic win with a leading logic manufacturer, generating record bookings and diversifying...
Innovate Corp (VATE) Q1 2026 Earnings Call Transcript
Innovate Corp reported a 43.3% jump in consolidated revenue to $347.1 million, driven primarily by robust Infrastructure performance. Adjusted EBITDA rose to $19.8 million, though margin compression persisted in the DBM Global segment. Management launched a formal sale process for...
Making AI Analytics Safe for Financial Services Teams
Amplitude has launched an AI analytics layer tailored for financial services, positioning the technology as a governed extension of existing behavioral analytics rather than a standalone decision engine. The solution runs on the same event, funnel and cohort data already...
Kalvista Pharmaceuticals Inc (KALV) Q1 2026 Earnings Call Transcript
Vanda Pharmaceuticals reported Q1 2026 net product sales of $51.7 million, a modest 3% year‑over‑year increase driven primarily by a 26% surge in Fanapt revenue. Hetlioz sales continued to decline under generic pressure, while Ponvory posted modest growth. The company raised...
Intuitive Machines Inc (LUNR) Q1 2026 Earnings Call Transcript
Intuitive Machines reported a transformative Q1 2026, highlighted by the integration of Lantaris Space Systems and a $175 million equity raise that broadened its satellite platform portfolio. The company posted Q4 revenue of $44.8 million, a $33.1 million operating loss driven by acquisition...
Monopar Therapeutics Inc (MNPR) Q1 2026 Earnings Call Transcript
Monro Inc. reported third‑quarter 2026 sales of $293.4 million, a 4% decline driven primarily by the closure of 145 underperforming stores. Despite the top‑line pressure, comparable‑store sales rose 1.2% and the tire category posted a 5% sales increase, offset by a...
Mount Logan Capital Inc (MLCI) Q1 2026 Earnings Call Transcript
Mount Logan Capital reported Q1 2026 net income of $165 million, delivering a 13% annualized return on equity and lifting book value per share 10% to $23.63. New insurance written surged 41% year‑over‑year to $14 billion, the strongest first‑quarter level since 2022,...
Aveanna Healthcare Holdings Inc (AVAH) Q1 2026 Earnings Call Transcript
Aveanna Healthcare reported Q1 2026 revenue of $662 million, a 27.4% increase, and adjusted EBITDA of $85 million, up 54%, boosted by an extra 53rd accounting week and strong volume across Private Duty Services, Home Health & Hospice, and Medical Solutions. The...
Sidus Space Inc (SIDU) Q1 2026 Earnings Call Transcript
Telesat Corporation reported 2025 revenue of $418 million and adjusted EBITDA of $213 million, while ending the year with $510 million in cash and $1.7 billion of debt maturing in December 2026. Management announced a three‑month delay of full global Lightspeed service to Q1 2028,...
Jefferson Capital Inc (JCAP) Q1 2026 Earnings Call Transcript
Jefferson Capital reported a record Q1 2026 with collections of $245 million, up 41% YoY, and portfolio deployments of $381 million, a 6% increase. Revenue hit $155 million, a 30% rise, while adjusted cash EBITDA climbed 34% to $178 million, delivering an adjusted EPS...
Vuzix Corp (VUZI) Q1 2026 Earnings Call Transcript
Vuzix Corp reported Q1 2026 revenue of $2.2 million, a 76% year‑over‑year increase driven by higher M400 smart‑glasses sales and expanding engineering services. The company narrowed its net loss to $32.3 million, down from $73.5 million a year earlier, and boosted cash to...
Faraday Future Intelligent Electric Inc (FFAI) Q1 2026 Earnings Call Transcript
Faraday Future Intelligent Electric reported Q1 2026 revenue of $1.4 billion, an 11% year‑over‑year increase, driven by 10,365 vehicle deliveries and a 49% surge in Software & Services revenue tied to its Volkswagen joint venture. The company began saleable production of...
Supercom Ltd (SPCB) Q1 2026 Earnings Call Transcript
SuperCom reported Q1 2025 revenue of $7.05 million, a 3 percent rise, while gross margin climbed to 63.6 percent, up 8.3 points. Operating income doubled to $1.22 million and GAAP net income surged to $4.23 million, reflecting strong contract wins and cost discipline. The balance...
Versant Media Group Inc (VSNT) Q1 2026 Earnings Call Transcript
Townsquare Media reported Q1 net revenue of $96.8 million, a 1.9% YoY decline but within guidance, and adjusted EBITDA of $16.4 million, down 9.7% yet also in range. Digital revenue rose to a record 59% of total, with programmatic advertising...
Co-Diagnostics Inc (CODX) Q1 2026 Earnings Call Transcript
Co‑Diagnostics reported a dramatic revenue drop to $200,000 in Q2 2025, reflecting the loss of $2.5 million in grant funding that powered the prior year. Operating expenses were trimmed to $8.2 million, improving cash reserves to $13.4 million. The company outlined a near‑term pipeline...
Cadiz Inc (CDZI) Q1 2026 Earnings Call Transcript
Cadence Design Systems reported Q1 2026 revenue of $1.474 billion, up 19% year‑over‑year, and posted a GAAP operating margin of 29.3% with non‑GAAP margin at 44.7%. The company announced a record $8 billion backlog and lifted its full‑year revenue outlook to $6.125‑$6.225 billion,...
Urban One Inc (UONEK) Q1 2026 Earnings Call Transcript
Urban One reported Q1 2026 results showing a 16.5% drop in consolidated revenue to $97.8 million, driven by steep declines in its radio, digital, and cable television segments. Adjusted EBITDA fell 41.8% to $15.6 million and the company posted a net loss...
NextPlat Corp (NXPL) Q1 2026 Earnings Call Transcript
NexPoint Real Estate Finance reported Q1 2026 net income of $0.42 per share, down from $0.70, while cash available for distribution rose to $0.58 per share, comfortably covering its $0.50 dividend. Management refinanced $180 million of senior notes with a $242 million...
Boot Barn Holdings Inc (BOOT) Q4 2026 Earnings Call Transcript
Boot Barn Holdings reported Q3 fiscal 2026 revenue of $706 million, a 16% year‑over‑year increase, and earnings per diluted share of $2.79, reflecting a 26% EPS expansion after stripping a prior‑year benefit. Same‑store sales rose 5.7% overall, driven by a 3.7%...
Rank One Computing Corp (ROC) Q1 2026 Earnings Call Transcript
Weave Communications reported Q1 2026 revenue of $65.5 million, a 17.4% year‑over‑year increase that topped the high end of guidance. Operating income turned positive at $2.5 million, delivering a 3.9% margin and a 380‑basis‑point improvement. The company highlighted a 300%...
Algorhythm Holdings Inc (RIME) Q1 2026 Earnings Call Transcript
iRhythm Technologies reported Q1 2026 revenue of $199.4 million, a 26% year‑over‑year increase, driven by strong volume across core and emerging channels. Adjusted EBITDA margin expanded by 880 basis points to 7.1% as manufacturing automation lifted gross margin to 70.9%. The...
Wolverine World Wide Inc (WWW) Q1 2026 Earnings Call Transcript
Wolverine World Wide reported FY2025 revenue of $1.874 billion, up 7% year‑over‑year, and adjusted EPS of $1.35, a 53% increase driven by higher gross margins and cost discipline. The Active Group, led by Merrell and Saucony, delivered strong performance, with Saucony...
Elutia Inc (ELUT) Q1 2026 Earnings Call Transcript
Elutia Inc. completed an $88 million sale of its Bioenvelope business to Boston Scientific, using the proceeds to retire $28 million of SWK debt and lift its cash balance to $44.4 million. The company reported a 16% revenue increase to $3.3 million and a...
Versamet Royalties Corp (VMET) Q1 2026 Earnings Call Transcript
Royal Gold reported a record $1 billion in revenue for 2025, a 43% increase driven by soaring gold prices and a series of strategic acquisitions, including Sandstorm Gold, Horizon Copper, and a Kansanshi gold stream. Adjusted net income rose 47% to...
Credicorp Ltd (BAP) Q1 2026 Earnings Call Transcript
Credicorp Ltd. guided 2026 loan growth at roughly 8.5%, despite currency devaluation risk in Bolivia, and reaffirmed net interest margin stability in the mid‑ to high‑6% range. The bank highlighted accelerating fee income from digital platforms and a rapid expansion...
Brookfield Corp (BN) Q1 2026 Earnings Call Transcript
Brookfield Corp reported record 2025 results, delivering $6 billion total distributable earnings and an 11% increase in earnings before realizations. The firm raised $112 billion of capital, grew fee‑bearing capital to over $600 billion and generated $3 billion in fee‑related earnings. Management announced a...
Jet.AI Inc (JTAI) Q1 2026 Earnings Call Transcript
Republic Airways Holdings reported its first quarter after the Mesa merger, delivering $527 million in revenue, a 34% increase year‑over‑year, and adjusted net income of $0.73 per diluted share. Block hour production rose 30%, lifting adjusted pretax income to $47 million and...
Solo Brands Inc (SBDS) Q1 2026 Earnings Call Transcript
Solo Brands reported FY 2025 net sales of $317 million, with Q4 revenue falling 34.5% to $94 million driven by a weak Solo Stove segment. Despite the sales decline, the company posted $19 million adjusted EBITDA for the year and a 52% YoY...
$300 Billion AI Debt Binge Spreads From Wall Street to Tokyo
Alphabet Inc. is finalizing a $17 billion bond offering while simultaneously preparing a yen‑denominated debt sale, adding to a multi‑currency borrowing spree that will total roughly $60 billion in four months. The tech giant has already tapped investors in euros, Canadian dollars,...
Washington State Income Tax: The Complete Guide
Washington has moved from a zero‑income‑tax reputation to a hybrid regime. A capital‑gains excise tax is already in force, levying 7% on the first $1 million of long‑term gains and 9.9% above that. A new individual income tax of 9.9% on...
The CFO Charged with Courting Investors in a Nascent Asset Class
Terawatt Infrastructure, led by CFO Sujoy Haldar, is raising $3‑5 billion to build a nationwide network of charging hubs for autonomous rideshare fleets. The company views charging stations as a nascent, trillion‑dollar asset class comparable to early data‑center investments. Haldar’s strategy...
SMIC Wins Shanghai Stock Exchange Approval for $5.9 B Wafer Foundry Takeover
Semiconductor Manufacturing International Corp (SMIC) obtained clearance from the Shanghai Stock Exchange’s M&A Review Committee to purchase the remaining 49% stake in SMIC North for RMB 40.6 billion ($5.9 billion). The deal makes SMIC North a wholly owned subsidiary and marks the biggest...
Ceconomy Posts €92 Million Q2 Loss, Boosts FY26 EBIT Guidance
Ceconomy AG announced a widened second‑quarter net loss of €92 million ($100 million) versus €33 million a year earlier, while adjusted EBIT climbed to €27 million ($29 million). The company also reaffirmed its fiscal‑2026 adjusted EBIT outlook of roughly €500 million ($545 million), underscoring both pressure on...
SiriusXM CFO Zac Coughlin to Speak at J.P. Morgan Tech, Media Conference on May 20
SiriusXM announced that Chief Financial Officer Zac Coughlin will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2026, in Boston. The session will be webcast live, giving analysts a direct view of the company’s...
AI for CPAs: From Efficiency Tool to Decision Engine
Artificial intelligence is moving from a back‑office efficiency tool to a strategic decision engine for finance teams. A KPMG global survey shows 75% of senior finance leaders now use AI, up from 30% two years earlier, and 93% of U.S....
Life360 Shares Drop 11% After Q1 Earnings Miss and Guidance Cut
Life360 plunged 11% on Tuesday after reporting Q1 results that missed Wall Street forecasts and a downgrade to its monthly active user growth outlook. The drop came amid a broader sell‑off in Australian technology stocks ahead of the federal budget.
GMR Solutions Prices $479 M IPO at $15 Share, Targets $3.3 B Valuation
GMR Solutions Inc. priced its U.S. IPO at $15 per share, selling 31.9 million Class A shares and raising $478.7 million. The offering, backed by a $500 million private‑placement, trims the company’s valuation to about $3.3 billion and aims to deleverage a $5 billion debt load...
EXEC: Leatt Corp Sets Stock Buyback Program
Leatt Corp., the South Africa‑based maker of protective gear for motocross, mountain biking and other action sports, announced that its board has approved a final share repurchase of up to $419,410. The buyback completes the balance of a previously authorized...
Chemours CFO Talks PFAS, Tariffs and Internal Controls
Chemours CFO Shane Hostetter, appointed in July 2024, is guiding a multi‑year “Pathway to Thrive” turnaround that targets $250 million of cost reductions through 2027 while rebuilding internal controls after an ethics scandal. He emphasized the $875 million New Jersey PFAS settlement, which leaves...
PRA Sets Out Road Map for Future UK Banking Prudential Framework
The Prudential Regulation Authority (PRA) unveiled a comprehensive roadmap to reshape the UK banking prudential framework, covering capital, liquidity, ring‑fencing, mortgage lending, securitisation, reporting and digital‑asset rules. A key element is the Financial Policy Committee’s reduction of the sector‑wide Tier 1...
Deutsche Bank, Santander Test World Bank's Risk Transfer Engine
Deutsche Bank and Banco Santander joined the International Finance Corporation in a $500 million synthetic securitization that insures trade‑finance loans to low‑income and conflict‑affected countries. The transaction, the IFC’s first of its kind, splits the exposure into $340 million senior, $110 million mezzanine...
GHI REIT Posts Q1 2026 Net Income of $1.3 Million, Boosts Distribution to $0.13 per Unit
GHI REIT announced Q1 2026 net income of $1.3 million ($0.01 per unit) and cash available for distribution of $3.1 million ($0.13 per unit). The REIT highlighted a $92 million reduction in outstanding debt, a 55% market‑price discount to book value, and a...
Reliance Jio Shifts to Fresh‑Issue IPO to Boost India's Billion‑Dollar Listings
Reliance Industries is preparing a fresh‑issue public offering for Jio Platforms, earmarking roughly Rs 25,000 crore ($3 bn) to slash debt and fund network and AI investments. The strategy departs from the offer‑for‑sale model used in recent Indian mega‑IPOs, aiming to restore investor...
Tata Motors Turns Cautious on Capex Amid West Asia War Headwinds
Tata Motors said it will keep its FY27 capital expenditure at roughly ₹3,000 crore (about $360 million) but may shift timing because of the West Asia conflict. The war has sparked commodity‑price inflation and diesel‑price uncertainty, prompting the company to adopt a...
Halozyme Launches $1 Billion Share Buyback as Q1 Earnings Beat Expectations
Halozyme Therapeutics reported Q1 2026 revenue of $377 million, up 42% year‑over‑year, and announced a $1 billion share repurchase authorization, with at least $400 million slated for 2026. The earnings beat and aggressive capital return plan underscore management’s confidence in growing ENHANZE royalties...
Silvercrest Posts Flat Q1 Revenue, Completes $25 Million Buyback Amid Media Expansion
Silvercrest Asset Management Group (SAMG) reported first‑quarter 2026 results on May 12, showing revenue flat at $31.4 million and net income of $0.5 million. The firm completed its $25 million share‑repurchase program, reduced its dividend to $0.21 per share, and outlined an aggressive international...
EBay Board Rejects GameStop’s $56 B Unsolicited Takeover Offer
eBay’s board, led by Chairman Paul Pressler, turned down GameStop CEO Ryan Cohen’s unsolicited $56 billion offer to acquire the online marketplace. The rejection hinges on concerns over financing, leverage and the combined entity’s governance, setting the stage for a possible shareholder‑direct...
NWB Returns to Nordic Market with SEK 600m Social Bond
Nederlandse Waterschapsbank (NWB) has launched a five‑year social bond worth SEK 600 million (about $65 million), marking its first issuance in a Nordic currency since 2019. The bond targets investors seeking ESG‑aligned assets and will fund sustainable water‑management projects across the Netherlands. By...