Today's Finance Pulse
Autodesk to acquire MaintainX for $3.6B, expanding into operations software
Autodesk announced a $3.6 billion purchase of MaintainX, a leader in operational‑phase software for the built environment. The deal extends Autodesk’s portfolio from design and manufacturing into ongoing building operation, creating an end‑to‑end data loop. CEO Andrew Anagnost said the acquisition unlocks a $40 billion total addressable market.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7B fourth vintage fund
Tether Has Blocked $3.5 Billion in Crime-Linked Stablecoins Since 2023
Tether has frozen $3.5 billion of USDT linked to illicit activity since 2023, bringing the total frozen amount to $4.2 billion since the stablecoin’s launch. The company, which now has over $180 billion of USDT in circulation, can remotely lock tokens at law‑enforcement request. Recent cooperation with the U.S. Department of Justice helped seize $61 million of USDT tied to a fraud scheme. Tether says it works with more than 310 agencies across 64 countries to block funds tied to terrorism, money‑laundering, pig‑butchering scams and sanctioned exchanges.
Mirakl Turns Profitable as Recurring Revenue and Marketplace Activity Grows
Mirakl announced full‑year profitability for 2025, driven by a 23% jump in annual recurring revenue (ARR) to $218 million. Marketplace and dropship activity surged, processing roughly $15 billion in gross merchandise value (GMV), a 31% increase year‑over‑year. New products such as Mirakl...
PTT Eyes Partners Across Value Chain
Thai state‑owned energy group PTT Plc announced it will seek external partners across its value chain, aiming to sell stakes in its oil‑refining and petrochemical subsidiaries—Thai Oil, PTT Global Chemical and IRPC—to global investors. The company also plans to attract...
Morgan Stanley’s OCC Application Is Wall Street Colonizing Crypto’s Back Office
Morgan Stanley has filed an application with the U.S. Office of the Comptroller of the Currency to create a new federally chartered entity, Morgan Stanley Digital Trust, National Association, under a national trust bank charter. The charter would focus on...
CFOs Capture B2B Payments Digitization Value by Targeting Year-Two Gap
Finance leaders face a “year-two problem” where B2B payments upgrades fail to deliver expected gains without refined data and processes. The article argues that execution velocity—how quickly firms turn standardized transactional data into actionable decisions—will be the decisive KPI. CFOs...
Year-End Report January - December 2025
Anoto Group AB posted a weaker top line in 2025, with net sales falling to MSEK 22 for the year and MSEK 5 in Q4, down from MSEK 30 and MSEK 6 respectively. Despite the revenue decline, gross margins improved markedly to 55% annually...
AS Silvano Fashion Group Consolidated Interim Financial Report for Q4 and 12m of 2025 (Unaudited)
Silvano Fashion Group reported a 4.5% decline in revenue to €55.5 million for the 12 months ended December 2025, accompanied by sharp profit squeezes: gross profit fell 14.6%, operating profit dropped 39.5% and net profit decreased 26.6% year‑over‑year. Margins eroded, with...
Ocean of Capital Chasing Trains
The rail industry is experiencing a wave of liquidity as infrastructure funds, insurance companies, and private‑equity firms pour billions into railcar and locomotive financing. Traditional tax‑leveraged leases are being replaced by long‑horizon passive capital and CDO‑structured debt, reshaping the capital...
Senate’s AFFORD Act Seeks New Capital for Underserved Markets
The Senate introduced the Access to Fair Financing for Opportunity and Resilient Development (AFFORD) Act, aiming to strengthen the Community Development Financial Institutions (CDFI) Fund. The bill would let smaller CDFIs join the CDFI Bond Guarantee Program, reauthorize a liquidity‑enhancement...
Castlelake Completes First Aircraft ABS Repayment Since Pandemic
Castlelake’s aviation leasing arm has fully repaid a $595 million aircraft‑backed security, marking the first complete repayment of an operating‑lease aircraft ABS since the COVID‑19 pandemic. The Castlelake Aircraft Securitization Trust 2021‑1, comprising 26 passenger jets, one freighter and 11 lessees across...
Friday Footnotes: Deloitte Consolidates; Wild Rumors Fly About KPMG Clients’ Earnings | 2.27.26
Deloitte announced a sweeping consolidation of its Europe, Middle East and Africa (EMEA) member firms into a single €20 billion practice, slated to launch on 1 June 2026. The move will unite 132,000 staff under a new Deloitte EMEA structure and trigger a leadership...
With TGE Consolidated, AMTD Digital Reports Full Year Results with 565.7% Increase in Revenue, 132.7% Increase in Net Income, and...
AMTD Digital Inc. filed its FY2025 Form 20‑F, reporting that the consolidation with The Generation Essentials Group (TGE) drove a 565.7% surge in revenue to $136.1 million and a 132.7% rise in net income to $97 million. Total assets reached $955.4 million, while net...
Edward Jones Gets Green Light to Launch Industrial Bank
Edward Jones has secured conditional approval from the FDIC and the Utah Department of Financial Institutions to launch Edward Jones Bank, an industrial loan company slated for early 2027. The new bank will accept deposits and issue certificates of deposit,...
Publication Relating to Transparency Notifications
Nyxoah SA disclosed that Robert Taub and his affiliated entity BMI Estate submitted a transparency notification after passively crossing the 10% voting‑rights threshold. The combined holdings amount to 4,360,800 voting rights, representing 9.99% of Nyxoah’s 43,662,403 total voting rights as...
Chart Industries Reports Fourth Quarter and Full Year 2025 Financial Results
Chart Industries posted full‑year 2025 sales of $4.26 billion, a modest 2.5% increase, while orders rose 13.4% to $5.68 billion, delivering a book‑to‑bill of 1.33. Adjusted operating income reached $884.4 million, yielding a 20.7% margin, though adjusted operating margin slipped 40 basis points...
Interpreting the Shrinking Term Spread
The 10‑year versus 3‑month Treasury spread has been compressing sharply, as high‑frequency data show a pronounced narrowing. Analysts note that the traditional term premium calculation omits heightened default risk, which is evident in rising U.S. Treasury CDS spreads. When inflation...
Otello Corporation Share Buyback Program Status
Otello Corporation announced the latest tranche of its share buyback program, with Pareto Securities purchasing 108,440 shares between 23 and 27 February 2026 at an average price of NOK 17.75, representing a NOK 1.93 million outlay. Since the program’s launch on 9 February,...
Nordea Bank Abp: Repurchase of Own Shares on 27.02.2026
Nordea Bank ABP completed a share repurchase on 27 February 2026, buying 401,781 of its own shares for a total cost of €6.66 million. The purchases were executed on the Helsinki, Stockholm and Copenhagen exchanges at a weighted‑average price of €16.57 per share....
Opaque Private Debt Markets Reveal Growing Financial Fragility
Private debt markets have been struggling for some time. These are nonbank lenders, largely in the private equity space, although they do rely upon bank credit. This is one of many fragilities in the financial market and the economy more...
NES Fircroft Bondco AS FY25 Annual Results
NES Fircroft Bondco AS released its audited FY25 annual results on 27 February 2026. The company directed investors to its investor‑relations website for the full report and to Oslo Børs NewsWeb for additional details. The filing satisfies Oslo Stock Exchange...
UK Appoints Barclays Executive as Top Bank of England Regulator
The UK government appointed Katharine Braddick, a former regulator now Barclays group head of strategic policy, as the Bank of England's deputy governor for prudential regulation. Her five‑year term begins on July 1, 2026, succeeding Sam Woods. The move follows finance...
Matson Q4 Ocean Profit Stable
Matson reported marginally weaker fourth‑quarter results as container volumes slipped 2.3% year‑over‑year, driven by a 7.2% drop in China shipments amid ongoing trade‑war pressures. Ocean operating income dipped to $136 million on revenue of $704.2 million, but the company was partially offset...
Alternative Life Capital in the UK - a Distant Dream?
The Prudential Regulation Authority (PRA) has floated proposals to widen the pool of capital available to UK life insurers, encouraging the sector to tap alternative sources such as pension funds, sovereign wealth and private‑equity investors. Insurers welcomed the idea, seeing...
Botkeeper Infinite Acquired by Xendoo, Platform Will Live Again
Botkeeper Infinite has been revived after Xendoo acquired its AI assets and re‑established the platform as a distinct division. The acquisition follows a brief shutdown announced by CEO Enrico Palmerino, but the software remained live to give customers time to...
FinOps for Agents: Loop Limits, Tool-Call Caps and the New Unit Economics of Agentic SaaS
The article introduces FinOps for agents, a discipline that treats AI cognition costs as a reliability metric in agentic SaaS. It outlines how loops, tool‑calls, and token usage can explode variable spend and erode gross margin. By defining guardrails such...
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd Quarter and 6 Months of 2025/2026 Financial Year
PRFoods reported a sharp 25% drop in Q2 revenue to €5.1 million, driven by weak demand in Estonia and Finland. Gross profit fell 43% and EBITDA slipped to €0.1 million, while the net loss widened to €0.7 million versus €0.1 million a year earlier....
ETJ: There's Only One CEF That Will Survive A Market Crash
ETJ, a closed‑end fund, hedges its U.S. equity holdings by buying out‑of‑the‑money S&P 500 put options that cover nearly the entire portfolio. This strategy allowed the fund to post positive returns during the 2008 financial crisis and positions it as a...
Early Bets Win; Amazon’s Late Entry Costs Billions
Early positioning beats late capital every time. Amazon just invested $50 billion in OpenAI for 6 percent ownership and distribution rights. Microsoft invested $13.8 billion starting in 2019 and owns 23.5 percent with exclusive IP, revenue sharing, and API control locked through...
What Lenders Should Consider when Evaluating Small Landlords
Small landlords are an expanding segment of the rental market, but their limited scale creates underwriting challenges for lenders. To gauge creditworthiness, lenders must scrutinize the borrower’s financial stability, including cash flow, tax returns, and debt ratios. Portfolio performance—occupancy rates,...
Walker & Dunlop Dismisses A Banking Team After Fraud Investigation
Walker & Dunlop dismissed members of its banking staff after an internal investigation revealed approximately $134 million in Freddie Mac multifamily loans were affected by borrower fraud, leading to a $29 million loss expense in Q4. The review also uncovered an additional $34 million...
Tribes Cheer House Bill
The Tribal Tax and Investment Reform Act of 2026 aims to eliminate a tax‑code provision that blocks tribes from issuing private‑activity bonds for non‑essential projects. By granting tribes the same bond‑issuing powers as states, the bill opens a vast municipal...
Guam GOs Upgraded to BB by S&P
S&P Global Ratings upgraded Guam's general‑obligation rating to BB from BB‑minus, also raising its business‑privilege‑tax and Section 30 bonds to BB‑plus and its certificates of participation to BB‑minus, all with a positive outlook. The upgrade reflects stronger operating performance, rising revenues,...
First Brands to Sell Units That Produce Parts for Ford
First Brands Group, currently in a multi‑billion‑dollar bankruptcy, has identified four prospective buyers for its auto‑parts factories, three of which supply components to Ford Motor Co. Ford is prepaying for parts and administrative expenses, a move described by its counsel...
Architecting for the IPO: Lessons From the Slack and Eventbrite Lead-to-Cash Transformations
The article examines how Slack and Eventbrite re‑engineered their Lead‑to‑Cash (L2C) pipelines to meet the rigorous demands of an IPO. It introduces the concept of Enterprise Architecture Debt (EAD) and shows how the shift from growth‑centric to governance‑centric systems was...
CPF Confident for 2026 After Profit Surge
Charoen Pokphand Foods (CPF) posted a net profit of 25.2 billion baht for 2025, up 29% year‑on‑year, driven by stronger gross margins and cost controls. Total sales fell 2% to 571 billion baht as a stronger baht weighed on overseas earnings, though...
Accelerant Expects Revenue to Rise 51% for FY’25
Accelerant Holdings announced a preliminary FY 2025 revenue forecast of $913 million, representing a 51% year‑over‑year increase. The company expects Q4 2025 revenue of $248 million, up 30% from the same quarter last year. Total exchange written premiums are projected at $4.19 billion, a 35%...
Fonterra Sale Once-in-a-Generation Opportunity for Balance – Nick Stewart
Fonterra’s Mainland Group sale has been cleared, unlocking a $3.2 billion capital return for New Zealand dairy farmers. The average payout will be $392,000 per farm, with larger operations slated to receive $2‑3 million. Settlement is slated for the end of March 2026,...
Financial Fluency Doubles Owners' Cash Extraction From Revenue
If you don't have financial fluency, your chances of turning business revenue -> personal cash plummet. I have the data to prove it. I surveyed 200+ store owners as part of the 2026 eComFuel Trends Report (full report coming soon). One of the...
Lawmakers Push Tax Reforms to Curb Investor Housing Advantage
Lawmakers eye tax changes to tackle institutional investors in housing: Semafor "this is not a free market for the American family, because investors… have special tax write-offs… that aren’t available to single families" -Rep. Marlin Stutzman, R-Ind. https://t.co/4JRvuFhZMv
Senate Committee Proposes to Regulate Tax Preparers, Improve IRS
The Senate Finance Committee unveiled the bipartisan Taxpayer Assistance and Service Act, targeting IRS modernization and stricter oversight of paid tax preparers. The legislation introduces penalties for preparers who alter returns, fail to provide valid PTINs, or misappropriate refunds, while...
Asana CEO Spends Billions Selling Meta for $1B Asana Stake
Asana CEO has purchased over $1B of Asana stock since they went public 🤯 Asana market cap today is only $1.7B. The purchases were funded by selling his Meta stock... He lost several billion dollars from selling Meta and buying Asana... >>https://t.co/cRAFDwGz2b https://t.co/ltv5Z71gZq
Private Credit’s Worst Deals: Aggregators, Roll‑ups, Soccer, Education
The worst segments of private credit (hint: it's not software*): Amazon aggregators Dental roll-ups Veterinary roll-ups Soccer teams Education *except for Pluralsight, which may be the worst private credit deal of all time
Spend as a Signal for Future Readiness
Spend data, traditionally a lagging metric, is being re‑engineered as a forward‑looking signal thanks to AI advancements. Zip’s recent survey of over 1,000 spend management professionals reveals heightened focus on analytics, AI skill demand, and a rapidly diversifying procurement technology...
SPAC IPOs Raise $10B in First Two Months
Just two months into the year and there have been 51 SPAC IPOs, which have raised a total of more than $10 billion, exceeding the total blank check IPO issuance in all of 2024. https://t.co/qkcICZwFet
Revenue Growth Trumps Profit as Companies Form Interlinked Borg
I take @sama point on circular dealmaking concerns -- that the revenue growth is key metric. And will leave profit concerns for another day. But also true that these companies are becoming something of a borg. If one goes down, it's...
Washington State House Democrats Push to Strip Corporate Break From ‘Millionaires Tax’
Washington state House Democrats are urging the finance committee to remove a corporate tax break from Senate Bill 6346, which would levy a 9.9% tax on income above $1 million. The contested provision would end the Business & Occupation surcharge for...
AI, Private Credit, and US Debt Drive Market Volatility
Having @bethanymac12 on the show to discuss the economy, markets & the issues currently causing volatility like the benefits/consequences of A.I. as well as trends in Private Credit is invaluable. We also hit $FNMA $FMCC. Of course my @Kalshi topic...
AI Boosts FP&A When Foundations Are Solid
AI can be a powerful co-pilot for FP&A — when foundations are in place. Start small. Fix processes. Keep human judgment central. 🎬Finance leaders from Miele, ETH Zurich, Takeda & Jedox shared practical lessons and real journeys: https://t.co/byNC3xTozV #fpatrends #aiinfinance
Banks Fund Equipment, Not Your Business Goodwill
"Most commercial banks will lend against machines & equipment... Do you know what the bank won’t finance? Goodwill… the intangible value of the fact that you’ve built up a great clientele" –12 Things to Do Before You Consider Selling Your...
Storytelling Beats Metrics in Early-Stage Fundraising
Metrics matter. But in early-stage fundraising? Storytelling matters more. In Ep. 234 of The SaaS CFO Podcast, Helen Hastings shares why vision + narrative win investor conviction. Listen here 👇 YouTube: https://t.co/BnQYh8fzzR #SaaS #Fundraising #Startups https://t.co/zRSXoqqM2z