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
Valterra Spritzes up Maiden Year with R5.3bn Special Dividend
Valterra Platinum announced a R5.3bn special dividend, bringing its total payout for the 2025 financial year to R45 per share, equivalent to 71% of headline earnings. The payout follows an 89% rise in platinum‑group‑metal prices in the second half of 2025, pushing the basket price to $2,562 per ounce. Despite a 10% production dip due to flooding, the company cut R18bn in capital and operational costs, delivering a 98% earnings surge to R63.48 per share. The balance sheet swung from net debt to R11.5bn net cash, sending the stock up 11% in Johannesburg.
OYO’s Parent PRISM Appoints Former SEBI Chairman Ajay Tyagi as Independent Director
PRISM, the holding company behind OYO, has named former SEBI chairman Ajay Tyagi as an independent director. Tyagi brings extensive regulatory experience from his 2017‑2022 tenure at SEBI and prior senior roles in the Ministry of Finance. PRISM operates more than...
What Drives Sustainable Investment at a Trillion-Dollar US Asset Manager?
Wellington Management, a trillion‑dollar US asset manager, is intensifying its sustainable‑investment platform to meet escalating client expectations on stewardship, decarbonisation, and climate risk. In a Responsible Investor podcast, head of sustainable investment Wendy Cromwell explains how the firm aligns ESG considerations...
Key Market Moves to Watch on Feb 25, 2026
Major news to track on February 25, 2026: • US State of the Union: Trade Impact • Petros vs Petronas: Court Decision • Public Bank: FY2025 Results • Telekom Malaysia: Earnings Briefing • Inta Bina: Forecast Revision • Teamstar: ACE Market Debut Details here 🧵👇🏼
SleepyCat Reports Rs 98 Cr Revenue and Rs 9 Cr Loss in FY25
SleepyCat posted a 44% jump in FY25 operating revenue, reaching roughly Rs 98 crore, while its losses widened to Rs 9 crore. The direct‑to‑consumer mattress maker saw material costs rise 52% and advertising spend climb 46%, pushing total expenses up 44% year‑on‑year. Finished‑goods sales...
Sustainable Debt Issuance Slows as Markets Position for 2026 Rebound
Sustainable debt issuance slipped 12% year‑on‑year to about $1.4 trillion in 2025, marking the slowest growth in five years, even as clean‑energy investment hit a record $2.3 trillion. Research from ING expects a modest rebound to roughly $1.62 trillion in 2026, with Europe...
Has U.S. Inflation Started Turning Higher Again?
U.S. tariff rates surged to an average of 13% in 2025, yet headline inflation fell to 2.7% year‑over‑year before rebounding in December. Companies initially absorbed tariff costs, but recent PCE data shows they are now passing them onto consumers, pushing...
AI’s Priority Shift and Impact for ERP Systems
Artificial intelligence is moving from experimental pilots to a core, existential priority in enterprise resource planning, with Aptean positioning its AppCentral platform as the foundation for industry‑specific AI integration. The platform embeds AI agents, natural‑language queries and intelligent workflows directly...
Submission of Rule Filing SR-NSCC-2026-003 – Amend the Clearing Agency Stress Testing Framework
National Securities Clearing Corporation (NSCC) submitted Rule Filing SR‑NSCC‑2026‑003 to the SEC on February 25, 2026, proposing amendments to the shared stress‑testing framework of DTCC, its Fixed Income Clearing Corporation (FICC) subsidiary, and NSCC. The changes aim to broaden scenario coverage, tighten...
Submission of Rule Filing SR-DTC-2026-002 – Amend the Clearing Agency Stress Testing Framework
On February 25, 2026, The Depository Trust Company (DTC) submitted rule filing SR‑DTC‑2026‑002 to the SEC, proposing amendments to the Clearing Agency Stress Testing Framework shared by DTC, the Fixed Income Clearing Corporation, and the National Securities Clearing Corporation. The...
Submission of Rule Filing SR-FICC-2026-004 – Amend the Clearing Agency Stress Testing Framework
On February 25, 2026, Fixed Income Clearing Corporation (FICC) filed rule filing SR‑FICC‑2026‑004 with the SEC to amend the Clearing Agency Stress Testing Framework governing DTCC’s DTC, FICC, and NSCC. The proposed changes aim to modernize stress‑testing methodologies, improve risk...
What Is Physical AI, and How Can You Invest in It?
Tesla announced it will cease Model S and X production to convert the Fremont space into an Optimus robot factory, signaling a strategic shift toward physical artificial intelligence. Physical AI, defined as intelligence embedded in machines that operate in the...
Yuan Deposits Rise, Household Growth Slows, Non‑bank Surge Persists
Yicai: "Chinese yuan deposits saw strong year-on-year growth in January, but the pattern of slower household deposit growth alongside faster non-bank deposit growth persisted. Industry insiders said this does not mean that money is leaving the banking system, nor does...
HSBC Earnings Out, Upper End of Estimates. Also HK Budget Out
HSBC reported a 7.4% year‑on‑year drop in 2025 profit before tax to US$29.907 billion, landing near the top of its forecast range. Basic earnings per share were US$1.21 and the bank declared a fourth interim dividend of US$0.45, bringing the total...
CME Group U.S. Treasury OI Sets New Record of 36.3M Contracts
CME Group reported a record 36,328,151 open interest contracts in U.S. Treasury futures and options on February 19, surpassing its previous high from November 2025. The milestone spans the entire yield curve, with new peaks in 2‑year, 5‑year, 10‑year, and...
Starving the Watchdog
Congress has stripped more than $40 billion of IRS funding authorized by the Inflation Reduction Act, threatening the agency’s capacity to combat cross‑border financial crime. IRS Criminal Investigation referrals fell to a 40‑year low in FY2024, and its special‑agent force has...
Gibson Dunn Discusses CFIUS’ Known Investor Program
On February 6, 2026, CFIUS issued a request for information (RFI) to refine its Known Investor Program (KIP), a fast‑track review mechanism for repeat foreign investors in U.S. advanced‑technology sectors. The RFI outlines eligibility thresholds—at least three covered filings in...
Majority of Gulf Region Companies Now Adopting Gen AI – Survey
A Deloitte survey of 649 tax, finance and legal professionals shows generative AI adoption in the Gulf Cooperation Council has accelerated, with non‑adoption dropping from 52% in 2024 to 29% in 2025. Quality improvement is the top priority (38%), followed...
Godongwana Holds Better Budget Cards but Economic Recovery Remains Inadequate
Finance Minister Enoch Godongwana is set to present a 2026 budget bolstered by higher-than‑expected tax receipts, driven by a commodity price surge and improved collection efficiency. Despite the fiscal headroom, his GDP outlook remains bleak, projecting growth under 2%—far short...
RWS Global Deploys Box’s AI Tools to Streamline Contract Workflow
RWS Global partnered with Box to embed AI‑driven tools into its contract lifecycle, leveraging Box Enterprise Advanced, Box Doc Gen, and Box Sign. The new no‑code workflow automates document generation, legal approval, and e‑signature, cutting processing time from roughly 20 minutes to...
Debtwire Middle-Market – 2/23/2026
Sponsor‑backed merger and acquisition activity surged to $165 billion in December 2025, marking the second‑largest monthly volume in the past decade, just shy of the $168 billion peak recorded in April 2021. Data from Mergermarket shows that leveraged buyouts and other sponsor‑driven deals now...
Covenant Trends – 2/23/2026
Covenant Review released its latest quarterly snapshot of new‑issue institutional loans that include a pick‑your‑poison covenant provision. The accompanying chart tracks the share of such loans by quarter, showing a clear upward trajectory over the past two years. The data...
Octus: Private Credit & Deal Origination Insights – 2/23/2026
The 2026 outlook for Americas private credit is dominated by the mass maturity of loans originated in 2021, pushing the asset class into the mainstream. Refinancing activity surged in 2025, with a 29% jump in deals that now represent 28%...
KBRA Direct Lending Deals: News & Analysis – 2/23/2026
KBRA released its latest TTM Direct Lending Default Index on February 23, 2026, showing a year‑to‑date default rate of 2.8%, up from 2.4% in the prior quarter. The index recorded 150 cumulative defaults across the direct‑lending universe, while the weighted average spread...
Paramount Welcomes WBD Talks, Details New Elements Of Sweetened $31-A-Share Offer
Paramount has sweetened its bid for Warner Bros. Discovery, raising the cash offer to $31 per share and adding several protective clauses. The revised terms include an accelerated quarterly ticking fee, a $7 billion regulatory termination fee, and a commitment to...
Profits Fall at Accent Group Despite Resurgent Store Network
Accent Group’s net profit after tax plunged 40.5% in the first half of FY2024 despite a 5.7% revenue rise to $810.5 million. Like‑for‑like retail sales grew modestly 0.9% while wholesale jumped 9.4%, but higher operating costs and lease negotiations eroded earnings....
Coronado Turns Page on a 'Challenging Year'
Coronado Global Resources announced the completion of its Mammoth Underground expansion and Buchanan growth project after a challenging 2025 marked by a steep revenue decline and significant net losses. The company aims to leverage the new assets to boost ore...
Liquidity, Not Earnings, Halts Market Rally
What happened to the stock market? The market rally has come to a HALT. Earnings and innovation are not the problem, liquidity is.
One Planning Session Prevents Post‑Death Financial Chaos
I've been a financial consultant to millionaires in Singapore and across Southeast Asia for nearly a decade. Here's what I've learned: the most painful financial conversations happen after someone passes away. The ones that could have been prevented by a single...
The Stock Market and AI
Wall Street’s recent AI anxiety sparked a sharp selloff in software stocks, pushing many private tech firms to postpone IPOs as investors anticipate a handful of mega‑offerings to dominate the market. A viral Citrini Research report amplified fears, warning that...
Advisors Hold 0.008% Bitcoin; 5% Target Could Spark Massive Inflows
Very interesting slide from @River: U.S. investment advisors have ~0.008% in Bitcoin on average. Some of the biggest names in finance suggest Bitcoin allocations of up to ~5%. Investment advisors are underallocated to Bitcoin. If advisors move even modestly toward those ranges, the...
Starwood Property Trust Inc (STWD) Q4 2025 Earnings Call Transcript
Starwood Property Trust reported a $225 million cash‑out refinancing gain on its Florida multifamily portfolio, effectively extracting four times the original equity and hinting at a potential $1.5 billion upside. The firm completed its fourth CRE CLO, pricing at 165 basis points...
Permian Resources Corp (PR) Q4 2025 Earnings Call Transcript
Permian Resources reported record Q2 execution, delivering 385,000 boe/d total production and 176,500 bpd of oil, surpassing its own forecasts. The company closed a $600 million Apache bolt‑on, integrating the assets within weeks and adding roughly 900 bpd of oil. Fitch...
C3.ai Inc (AI) Q3 2026 Earnings Call Transcript
PowerFleet reported Q3 2026 revenue up 7% YoY (9% on an apples‑to‑apples basis) and adjusted EBITDA rising 20% to $25.7 million, with margins expanding to 23%. Service revenue grew 11% and now represents 80% of total revenue, underscoring the shift to...
LivaNova PLC (LIVN) Q4 2025 Earnings Call Transcript
Harley‑Davidson reported a 28% drop in Q4 2025 revenue and a $361 million operating loss, driven by steep declines in both the HDMC and HDFS segments. Full‑year revenue fell 14% to $4.5 billion, while dealer inventory was cut 17% globally, surpassing its...
Maravai LifeSciences Holdings Inc (MRVI) Q4 2025 Earnings Call Transcript
Mirion Technologies reported record 2025 orders exceeding $1.1 billion, a 26% year‑over‑year rise driven by strong nuclear power demand and a $150 million large‑project pipeline. Acquisitions of CertRec and Paragon Energy Solutions lifted nuclear‑power revenue to roughly 40% of total sales and...
Acadia Healthcare Company Inc (ACHC) Q4 2025 Earnings Call Transcript
Acadian Asset Management reported record assets under management of $177.5 billion, a 52% increase year‑over‑year, driven by strong net client cash flows of $5.4 billion in Q4 and $29.4 billion for the full year. Management fees surged 32% to $146 million, and ENI diluted...
Hovnanian Enterprises Inc (HOV) Q1 2026 Earnings Call Transcript
Hovnanian Enterprises reported third‑quarter fiscal 2025 revenue of $801 million, an 11% year‑over‑year increase driven by higher deliveries. Adjusted EBITDA reached $77 million, topping the high end of management guidance, while adjusted gross margin slipped to 17.3% due to a rise in...
Euroseas Ltd (ESEA) Q4 2025 Earnings Call Transcript
Euroseas Ltd reported Q4 2025 revenue of $57.4 million, up 7.7% year‑over‑year, and net income of $40.5 million, driven by higher charter rates and a $9.2 million vessel‑sale gain. Adjusted EBITDA rose 24% to $40.7 million, while the board increased the annual dividend 7%...
Dine Brands Global Inc (DIN) Q4 2025 Earnings Call Transcript
Dine Brands Global reported Q3 2025 revenue up 10.8% to $216.2 million, while adjusted EBITDA fell to $49 million amid temporary restaurant closures and higher G&A costs. Applebee’s delivered 3.1% comparable‑sales growth and 22.9% off‑premise sales share, whereas IHOP posted a 1.5%...
Centuri Holdings Inc (CTRI) Q4 2025 Earnings Call Transcript
Centrus Energy reported FY 2025 revenue of $448.7 million, a modest 1.5% increase, with gross profit rising 5% to $117.5 million and net income of $77.8 million. Growth was driven by a 21% jump in SWU sales, while uranium revenue...
Synopsys Inc (SNPS) Q1 2026 Earnings Call Transcript
Synopsys reported record FY 2025 revenue of $7.05 billion, a 15% increase, and a backlog exceeding $11 billion, driven by the recent ANSYS acquisition and strong hardware‑assisted verification demand. The company guided FY 2026 revenue of $9.56‑$9.66 billion, with ANSYS expected to contribute $2.9 billion and...
UWM Holdings Corp (UWMC) Q4 2025 Earnings Call Transcript
United Fire Group reported a record‑setting 2025 year, delivering $67 million underwriting profit, a 9% rise in net written premium to $1.3 billion, and a combined ratio of 94.8%. Investment income jumped 20% to $98 million, pushing return on equity to 13.7%, the...
NerdWallet Inc (NRDS) Q4 2025 Earnings Call Transcript
Newmark Group reported record Q4 2025 revenue of $1.0 billion, up 15.3% year‑over‑year, and adjusted EPS of $0.68, surpassing guidance by $0.04. Leasing hit a billion‑dollar annual milestone while management and servicing revenues topped $1.24 billion, driven by AI‑enhanced data platforms and...
Amarin Corporation PLC (AMRN) Q4 2025 Earnings Call Transcript
Amarin reported Q4 2024 revenue of $62.3 million, down from a year earlier as U.S. VASCEPA sales fell under generic pressure. Internationally, the company added pricing and reimbursement wins in Europe and grew partnership revenue, boosting total 2024 revenue to $228.6 million....
Angel Oak Mortgage REIT Inc (AOMR) Q4 2025 Earnings Call Transcript
Angel Oak Mortgage REIT reported a second consecutive year of double‑digit net interest income growth, with NII rising 11% YoY to $41.1 million and GAAP net income jumping 53% to $44 million. Operating expenses fell 15.5% year over year, while loan purchases...
Manchester United PLC (MANU) Q2 2026 Earnings Call Transcript
Microsoft reported Q2 FY2026 revenue of $81.3 billion, a 17% constant‑currency increase, driven by a record $51.5 billion cloud segment that grew 26% and topped $50 billion for the first time. Operating income rose 21% and EPS jumped 24% to $4.14, while operating...
Hayward Holdings Inc (HAYW) Q4 2025 Earnings Call Transcript
Hayward Holdings reported a 7% rise in Q3 net sales to $244 million, driven by price gains and modest volume growth, and lifted its full‑year outlook to 4‑5.5% sales growth and a 5‑7% increase in adjusted EBITDA. Gross margin expanded to...
MGP Ingredients Inc (MGPI) Q4 2025 Earnings Call Transcript
Green Plains Inc. posted a dramatic turnaround in Q4 2025, delivering $49.1 million of adjusted EBITDA and $11.9 million of net income, reversing a $54.9 million loss from the prior year. Revenue fell 26.6% to $428.8 million due to plant divestitures and idling, but...
Astec Industries Inc (ASTE) Q4 2025 Earnings Call Transcript
Astec Industries reported a strong Q4 2025, with adjusted EBITDA climbing 55.7% year‑over‑year to $27.1 million and net sales up 20.1% thanks to robust demand for asphalt and concrete plants and the TerraSource acquisition. The company’s backlog expanded to $449.5 million, including...