Today's Finance Pulse
Buy‑Side Commercial Due Diligence Gains Spotlight as Buyers Seek Holistic Insights
Buy‑side commercial due diligence is a multi‑disciplinary evaluation that goes beyond financial statements to assess market dynamics, customer relationships, operational capabilities and regulatory compliance before an acquisition. The process follows five stages, starting with target screening, to deliver a realistic view of future performance.
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Akebia Therapeutics Inc (AKBA) Q1 2026 Earnings Call Transcript
Akebia Therapeutics reported 2025 total revenue of $236.2 million, a 47% increase year‑over‑year, driven by the commercial launch of its oral HIF‑PH inhibitor Vafseo and higher sales of the phosphate binder Auryxia. Vafseo now reaches 290,000 dialysis patients across 24 organizations, with first‑refill adherence climbing to roughly 91% under observed dosing protocols. Clinical outcomes from the INNO2VATE program show Vafseo reduces hospitalization rates and Medicare costs compared with Darbepoetin, translating into significant per‑patient savings. The company ended the year with $184.8 million in cash, enough to fund operations for at least two years, while warning of expanded generic competition for Auryxia in 2026.
DNOW Inc (DNOW) Q1 2026 Earnings Call Transcript
DNOW completed its merger with MRC Global on November 6, creating a larger, diversified energy‑industrial distributor. Full‑year 2025 revenue rose 19% to $2.8 billion, driven largely by the MRC contribution, and adjusted EBITDA reached a record $209 million (7.4% of revenue). The company...
Maximus Inc (MMS) Q2 2026 Earnings Call Transcript
Maximus Inc. reported Q2 2026 revenue of $1.31 billion, in line with expectations, and lifted its adjusted EBITDA margin to 14.4% driven by AI‑enabled automation. Adjusted EPS rose to $2.07, offset by a $6.9 million U.S. Services asset impairment and a $4.2 million...
HA Sustainable Infrastructure Capital Inc (HASI) Q1 2026 Earnings Call Transcript
HA Sustainable Infrastructure Capital reported Q1 2026 adjusted EPS of $0.77, a 20% year‑over‑year increase, and a record adjusted ROE of 15.7%. Managed assets grew 13% to $16.4 billion, while fee‑generating assets surged 130% to $1.1 billion and portfolio yield rose to...
Red Cat Holdings Inc (RCAT) Q1 2026 Earnings Call Transcript
Red Cat Holdings reported a record $26.2 million revenue for the quarter, a $25 million year‑over‑year increase, and lifted full‑year revenue to $40.7 million. The company dramatically expanded its cash balance to $167.9 million and scaled production to 50 Black...
Tapestry Inc (TPR) Q3 2026 Earnings Call Transcript
Tapestry reported a 23% pro‑forma revenue increase in Q3 2026, driven by double‑digit growth across Coach, Greater China, and Europe, while operating margin expanded by 490 basis points to 76.9% gross margin. Earnings per share rose 62% to $1.66, and...
Middleby Corp (MIDD) Q1 2026 Earnings Call Transcript
Middleby Corp completed the sale of a 51% stake in its Residential Kitchen segment, generating roughly $565 million in cash and retaining a 49% interest. The company used proceeds and existing cash to repurchase 6.6 million shares for about $960 million, cutting the...
Turning Point Brands Inc (TPB) Q1 2026 Earnings Call Transcript
Turning Point Brands reported Q4 2025 results with revenue up 29% to $121 million, driven by a 266% surge in Modern Oral net sales to $41.3 million. Adjusted EBITDA rose 14% to $30 million, delivering a 24.8% margin. Management launched aggressive 2026 Modern...
Toast Inc (TOST) Q1 2026 Earnings Call Transcript
Toast Inc. posted a strong Q1 2026, with recurring gross profit streams rising 27% and GAAP operating income margin expanding to 21%, the first time above the 20% threshold. Net new locations grew by 7,000, pushing total live sites to...
Carparts.Com Inc (PRTS) Q1 2026 Earnings Call Transcript
CarParts.com posted its first positive adjusted EBITDA since Q1 2024, reporting $585,000 after a $7 million swing year‑over‑year. Net sales slipped 10% to $132 million, driven by lower advertising spend and weather‑related demand softness. Operating expenses fell 26% to $46 million, reflecting headcount reductions,...
Katapult Holdings Inc (KPLT) Q1 2026 Earnings Call Transcript
Katapult Holdings reported a GAGAP net loss of $32 million ($0.49 per share) for Q1 2026, while generating $14 million in distributable earnings and paying a $0.25 dividend. Liquidity reached a near‑record $880 million, supported by a $650 million Term Loan B and a $700 million corporate...
Wynn Resorts Ltd (WYNN) Q1 2026 Earnings Call Transcript
Wynn Resorts reported solid Q1 2026 performance across its core markets, with Las Vegas adjusted property EBITDAR up 5% to $232.5 million and RevPAR climbing nearly 10%. Macau saw mass drop rise 19% and handle 32%, while Encore Boston Harbor delivered $50.5 million...
Nuveen Churchill Direct Lending Corp (NCDL) Q1 2026 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp reported Q1 2026 results showing net investment income of $0.44 per share, a modest rise from the prior quarter, while GAAP net income fell to $0.32 per share due to realized and unrealized losses. Gross originations...
ABF-Deal-Digest:-Parafin-Upsizes-Warehouse,-While-LibreMax-Launches-ABF-Interval-Fund
Parafin announced an upsizing of its asset‑backed finance warehouse, expanding the pool of capital available for securitisation of niche assets. At the same time, LibreMax launched an interval fund dedicated to ABF investments, offering periodic liquidity to private credit investors....
Better Home & Finance Holding Co (BETR) Q1 2026 Earnings Call Transcript
Better Home & Finance Holding reported Q1 2026 net income of $11.4 million, or $1.45 per share, a 6% year‑over‑year gain. Net interest margin expanded to 4.16% as funding costs fell, pushing net interest income to a record $34.5 million. Deposits rose...
HubSpot Inc (HUBS) Q1 2026 Earnings Call Transcript
HubSpot reported a robust Q1 2026, with revenue up 23% year‑over‑year (18% in constant currency) and non‑GAAP operating margin expanding to 18%. The company added nearly 300,000 customers, generated $154 million free cash flow, and saw subscription revenue rise 23% while...
Republic Services Inc (RSG) Q1 2026 Earnings Call Transcript
Republic Services posted a 2.6% revenue increase in Q1 2026, driven by disciplined pricing and modest volume gains. Adjusted EBITDA rose 4.3% with the margin expanding 50 basis points to 32.1%, and adjusted EPS reached $1.70. Free cash flow jumped...
Heritage Global Inc (HGBL) Q1 2026 Earnings Call Transcript
Heritage Global Inc. posted Q1 2026 revenue of $12.7 million, down 6% year‑over‑year, and net income of $0.02 per share, reflecting a modest profit despite a $600,000 operating loss from the newly integrated DebtX acquisition. The Industrial Assets division posted...
WhiteHorse Finance Inc (WHF) Q1 2026 Earnings Call Transcript
WhiteHorse Finance reported Q1 2026 net investment income of $6.6 million, up 8% from the prior quarter, and NAV per share rose 2.4% to $11.68. The board expanded its share‑repurchase program by $7.5 million, leaving $15 million of authorization available, and the adviser...
WW Grainger Inc (GWW) Q1 2026 Earnings Call Transcript
W.W. Grainger reported first‑quarter 2026 revenue up 10.1% year‑over‑year, or 12.2% on a daily organic basis, driven by strong price realization and volume across both High‑Touch Solutions and Endless Assortment. Operating margin rose to 16.7%, a 110‑basis‑point improvement, while diluted...
Kimbell Royalty Partners LP (KRP) Q1 2026 Earnings Call Transcript
Kimbell Royalty Partners reported Q1 2026 revenue of $82.9 million and run‑rate production of 25,522 BOE per day, surpassing the midpoint of its guidance. The company declared a $0.41 per unit distribution, an 11% increase year‑over‑year, yielding roughly an 11% tax‑advantaged annualized...
Core Molding Technologies Inc (CMT) Q1 2026 Earnings Call Transcript
Core Molding Technologies Inc reported a turnaround in Q1 2026, posting net earnings of $177.3 million versus a loss a year earlier and delivering adjusted earnings of $206.2 million. Consolidated core EBITDA surged 52% year‑over‑year to $316.9 million, with a 14.9% margin, while...
Collegium Pharmaceutical Inc (COLL) Q1 2026 Earnings Call Transcript
Collegium Pharmaceutical reported record full‑year net revenue of $780.6 million, a 24% increase year‑over‑year, and an all‑time high adjusted EBITDA of $460.5 million. Growth was driven by the pain portfolio’s steady performance and a surge in Jornay PM sales, which posted $148.9 million in...
Post Holdings Inc (POST) Q2 2026 Earnings Call Transcript
Post Holdings posted a strong Q2 2026, with adjusted EBITDA beating internal forecasts while keeping full‑year guidance unchanged due to Middle East conflict risks. Share repurchases have trimmed the share count by 15% year‑to‑date, and cash flow remains robust, providing...
Werewolf Therapeutics Inc (HOWL) Q1 2026 Earnings Call Transcript
Werewolf Therapeutics reported a record Q1 2026 with net income of $515 million and operating income of $514 million, delivering a 21.2% return on equity. Catastrophe losses fell to $76 million, improving the combined ratio to 90.7% and supporting underwriting profitability. The company...
Bob's Discount Furniture, Inc (BOBS) Q1 2026 Earnings Call Transcript
ServisFirst posted $83 million net income in Q1 2026, delivering diluted EPS of $1.52, a 33% year‑over‑year increase. Net interest margin expanded to 3.53%, up 61 basis points, supported by loan repricing and lower funding costs. Loan balances grew 7% annualized while...
Information Services Group Inc (III) Q1 2026 Earnings Call Transcript
Information Services Group (ISG) reported Q2 2019 revenue of $67.3 million, a 3% year‑over‑year decline, while adjusted EBITDA more than doubled to $8.1 million versus the first quarter. Digital services now represent roughly 45% of the company’s top line, and the ISG...
Ready Capital Corp (RC) Q1 2026 Earnings Call Transcript
Ready Capital Corp reported $380 million of free cash in Q4 and aims to exceed $850 million to meet upcoming 2026 debt maturities. The firm will trim its legacy CRE portfolio by 60% to roughly $2 billion, driving a 14% drop in book...
Zoetis Inc (ZTS) Q1 2026 Earnings Call Transcript
Zoetis reported Q1 2026 revenue of $2.3 billion, up 3% on a reported basis but flat on an organic operational basis, with price gains offset by volume declines. The livestock and diagnostics segments delivered double‑digit growth, while companion animal revenues fell...
TechTarget Inc (TTGT) Q1 2026 Earnings Call Transcript
TechTarget reported Q1 2026 revenue of $106 million, a modest 2% year‑over‑year increase, while adjusted EBITDA rose 27% to $7.4 million, improving the margin to 6.9%. Growth was driven by the Brand to Demand segment, which now represents about 70% of revenue...
Liquidity Services Inc (LQDT) Q2 2026 Earnings Call Transcript
Liquidity Services reported Q1 2026 gross merchandise volume of $398 million, a 3% year‑over‑year increase, while GAAP revenue slipped 1% to $121.2 million due to a shift toward consignment sales. Profitability rose sharply, with GAAP net income up 29% and...
Vital Farms Inc (VITL) Q1 2026 Earnings Call Transcript
Vital Farms reported a record Q1 2026 revenue of $198.9 million, up 37.2% year‑over‑year, driven by strong volume growth and favorable price mix. Gross margin expanded to 37.7%, surpassing its 35% long‑term target, while adjusted EBITDA surged 81.3% to $27.4 million, representing...
Charles River Laboratories International Inc (CRL) Q1 2026 Earnings Call Transcript
Charles River Laboratories reported Q1 2026 revenue of $996 million, a 1.2% increase on a reported basis but a 1.5% organic decline. Non‑GAAP operating margin slipped to 16.3% after a 280‑basis‑point drop, driven by higher stock compensation, NHP study costs and...
ESCO Technologies Inc (ESE) Q2 2026 Earnings Call Transcript
ESCO Technologies reported a blockbuster first‑quarter 2026, with orders soaring 143% to $550 million and sales climbing 35% year‑over‑year. Adjusted EBIT margin expanded 380 basis points to 19.4% and adjusted EPS jumped 73% to $1.64, setting a quarterly record. The Maritime...
Barings BDC Inc (BBDC) Q1 2026 Earnings Call Transcript
Barings BDC Inc. reported Q1 2026 results showing a modest NAV decline to $11.02 per share, driven primarily by a write‑down of a legacy MVC asset. Net investment income slipped to $0.25 per share, just below the $0.26 dividend, but...
Clearwater Analytics Holdings Inc (CWAN) Q1 2026 Earnings Call Transcript
Clearwater Analytics reported Q3 2025 non‑GAAP revenue of $205.1 million, a 77% year‑over‑year increase, and annualized recurring revenue of $807.5 million, also up 77%. Adjusted EBITDA rose to $70.7 million, lifting the margin to 34.5% and delivering a record 78.5% gross margin for...
Oportun Financial Corp (OPRT) Q1 2026 Earnings Call Transcript
Oportun Financial reported Q1 2026 revenue of $229 million, down 3 percent, while achieving GAAP net income of $2.3 million, its sixth consecutive profitable quarter. Originations fell 11 percent, but 79 percent came from returning borrowers, improving delinquency and charge‑off metrics. The company reduced its...
Groupon Inc (GRPN) Q1 2026 Earnings Call Transcript
Groupon reported Q1 2021 results featuring $554 million in gross billings, $264 million in revenue and $30 million of adjusted EBITDA. The company highlighted a 56% recovery of North America Local billings versus 2019 and a 70% rebound in gross profit. Cost‑reduction initiatives...
CRA International Inc (CRAI) Q1 2026 Earnings Call Transcript
CRA International reported a record third‑quarter revenue of $167.7 million, up 13.7% year‑over‑year, and achieved its highest utilization rate at 76% despite a 3.6% reduction in consultant headcount. Profitability surged, with non‑GAAP net income, EPS and EBITDA each rising over 50%,...
Flux Power Holdings Inc (FLUX) Q3 2026 Earnings Call Transcript
Flux Power Holdings reported a steep revenue decline in Q3 2026, dropping to $6.6 million—a 60% year‑over‑year decrease—driven by a major customer’s capital freeze and geopolitical order delays. Gross margin fell to 27.3% from 32% as product mix shifted and...
Vericel Corp (VCEL) Q1 2026 Earnings Call Transcript
Vericel Corp reported record Q1 2026 results, posting $68.4 million total revenue—a 30% year‑over‑year increase that topped guidance—driven by strong MAC I ($56.4 million, +22%) and Burn Care ($12 million, >90% growth). Gross margin rose to 72% and adjusted EBITDA surged 195% to $9.6 million,...
XPLR Infrastructure LP (XIFR) Q1 2026 Earnings Call Transcript
XPLR Infrastructure reported Q1 2026 adjusted EBITDA of $435 million and free cash flow before growth of $89 million, reflecting higher financing costs and seasonal wind variability. The company completed roughly 30% of its 2026 repowering program and confirmed a battery storage...
Aemetis Inc (AMTX) Q1 2026 Earnings Call Transcript
Aemetis reported Q1 2026 revenue of $54.6 million, up 27% year‑over‑year, and posted its first positive gross profit of $2.8 million. Operating loss narrowed 60% to $6.3 million and net loss improved to $21.7 million, helped by $4 million in 45C production tax credits. The...
Cion Investment Corp (CION) Q1 2026 Earnings Call Transcript
Cion Investment Corp reported Q1 2026 net investment income of $0.25 per share, missing its $0.30 monthly distribution target due to lower fees and higher interest expense from recent refinancing. Net asset value fell 4.7% quarter‑over‑quarter to $13.11 per share,...
Mitek Systems Inc (MITK) Q2 2026 Earnings Call Transcript
Mitek Systems reported fiscal 2025 total revenue of $180 million, with Q4 revenue of $44.8 million, up 4% year‑over‑year. SaaS revenue accelerated to 21% annual growth, now representing 43% of total revenue, and adjusted EBITDA reached $54 million, delivering a 30% margin. The...
RXO Inc (RXO) Q1 2026 Earnings Call Transcript
RXO reported Q1 2026 revenue of $1.4 billion, with brokerage accounting for 74% and growing 3% year‑over‑year. Spot‑mix increased 500 basis points, driving a 9% sequential rise in truckload gross profit per load, while adjusted EBITDA slipped to $6 million after a...
Century Aluminum Co (CENX) Q1 2026 Earnings Call Transcript
Century Aluminum reported Q1 2026 net sales of $649 million and adjusted EBITDA of $231 million, both up sequentially thanks to higher LME prices and regional premiums. The Mt. Holly expansion is on schedule, set to increase U.S. capacity by roughly 10 percent,...
Warner Music Group Corp (WMG) Q2 2026 Earnings Call Transcript
Warner Music Group reported a 12% rise in total revenue for Q2 2026, propelled by double‑digit growth in recorded music, publishing and physical sales. Adjusted OIBDA surged 24% with margin expanding 230 basis points, while adjusted EPS climbed 38% to...
WillScot Holdings Corp (WSC) Q1 2026 Earnings Call Transcript
WillScot Holdings reported Q1 2026 revenue of $549 million, slightly below last year but ahead of its internal outlook, driven by a 12% jump in delivery and installation revenue. Adjusted EBITDA reached $211 million with a 38.5% margin, though the...
Expensify Inc (EXFY) Q1 2026 Earnings Call Transcript
Expensify Inc. reported Q1 2026 revenue of $34 million, a 6% year‑over‑year decline, while interchange revenue rose 10% to $5.5 million. GAAP net loss was $2.3 million, but non‑GAAP earnings reached $3.6 million and adjusted EBITDA hit $6.2 million. Free cash flow stood at $2.5 million...