Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B Cash
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1B in cash. The target contributes roughly $323M of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
Capricor Therapeutics reported fourth‑quarter 2025 revenue of $16 million, a modest 4% year‑over‑year increase, while gross margin rose to 86% driven by higher selling prices and manufacturing efficiencies. Net loss widened to $11.9 million as operating expenses outpaced revenue growth, but the company ended the quarter with $75.7 million in cash and a $60 million debt facility. Adoption metrics improved, with 252 active implanting centers and a 13% rise in European revenue. The firm launched the 2,500‑patient BENEFIT HF trial, which could expand its addressable market to $30 billion if successful.
ProFrac Holding Corp. reported a strong Q4 2025, with adjusted EBITDA climbing 49% to $61 million and margins expanding to 14%. Free cash flow rebounded to $14 million, reversing a $29 million deficit from the prior quarter. The company’s $100 million cost‑optimization plan is...
American Public Education Inc (APi Group) reported Q4 2025 revenue of $2.12 billion, up 13.8% year‑over‑year and 11.1% organically, driven by strong inspection, service and monitoring growth. Adjusted EBITDA rose 21.9% to deliver a 13.9% margin, while adjusted diluted EPS increased...
The asset‑backed finance sector is witnessing a surge in recourse‑light net asset value (NAV) loans, where lenders provide financing based on a fund’s portfolio NAV with limited recourse to the manager. Streamlined documentation and standardized terms are making these facilities...
Jefferson Capital reported record Q4 2025 performance, with collections jumping 63% to $237 million and revenue rising 36% to $151 million. The firm improved its cash efficiency to 72.2% and reduced net leverage to 1.59×, well below its target range. Management announced...
Vivid Seats reported a sharp decline in Q3 2025, with Marketplace Gross Order Value down 29% YoY to $618 million and revenue falling 27% to $136 million. A leadership change placed CFO Lawrence C. Fey as CEO and interim CFO Ted Pikus,...
Kindercare Learning Companies (BRC) reported a 31% year‑over‑year surge in packaged coffee sales, far outpacing the broader category, and a 34% jump in Q4 alone. Retail distribution expanded to 54.9% ACV, nearly tripling its grocery shelf presence, while wholesale revenue...
American Outdoor Brands reported Q3 2026 net sales of $57.2 million, a 5% year‑over‑year decline, driven by a sharp 15.9% drop in e‑commerce sales while traditional channel sales grew 2.3%. Gross margin fell to 45.6% after inventory‑clearance actions, and inventory...
Angi reported a 23% fourth‑quarter jump in proprietary revenue, driving a 17% year‑over‑year increase despite a 60% decline in its network channel. The company guided full‑year revenue to low single‑digit growth (1%‑3%) and adjusted EBITDA to $145‑$150 million, adding $10‑$15 million year‑over‑year....
In this introductory episode of "Context," the hosts explain the show's premise: swapping roles each week to provide balanced perspectives while sharing their decades‑long journalism experiences. They emphasize the podcast’s mission to make New Zealand history accessible by linking past events...
The Oncology Institute reported Q2 2025 revenue of $119.8 million, a 21.5% year‑over‑year increase, driven by a 41% surge in pharmacy sales that now represent 52% of total revenue. Gross profit rose 34% YoY while SG&A fell to 22% of revenue,...
Gaotu Techedu reported Q4 2025 revenue of RMB 1.7 billion, a 21.4% year‑over‑year increase, and full‑year revenue grew 35% to RMB 100 million. The company posted a net loss of RMB 84.2 million but narrowed its operating loss by 20.9%, driven by higher gross margins and...
Surf Air Mobility secured a $100 million strategic financing—$26 million equity for Surf OS development and a $74 million zero‑coupon convertible note—to accelerate its software platform and further deleverage the balance sheet. Q3 revenue rose 6% sequentially to $29.2 million, with on‑demand revenue up...
Champions Oncology reported $14 million revenue in Q1 FY2026, flat year‑over‑year and rebounding from a $12.4 million Q4 dip. GAAP operating loss widened to $0.5 million, while adjusted EBITDA turned slightly positive at $60 000. Gross margin slipped to 43% as outsourced radio‑labeling costs...
Atlanticus Holdings reported a transformative 2025, highlighted by the Mercury Financial acquisition that doubled its balance sheet to $7.0 billion and added 1.3 million customers. Diluted earnings per share rose 23% in Q4 and 25% for the full year, while return on...
Rapid7 reported fiscal 2025 fourth‑quarter ARR of $839.9 million, essentially flat year‑over‑year, while total revenue rose 0.5% to $217.4 million and full‑year revenue increased 1.9% to $859.8 million. Detection and response services drove a 7% ARR gain and now represent just over half...
KLX Energy Services Holdings reported Q4 2025 revenue of $157 million, in line with guidance, and generated $23 million of adjusted EBITDA, the highest quarterly amount of the year with a 14% margin. The Northeast/Mid‑Con segment delivered a 25.3% adjusted EBITDA margin,...
Team Inc. reported a strong third‑quarter performance, with revenue climbing roughly 7% year‑over‑year to add $14 million and adjusted EBITDA surging 28.6% to the highest Q3 level since 2016, lifting the margin to 6.5%. Cost discipline narrowed SG&A to 20.8% of...
International Flavors & Fragrances (IFF) reported fourth‑quarter 2025 revenue of nearly $2.6 billion and EBITDA of $437 million, a 7% increase with margin expanding to 16.9%. Growth was driven by Health & Biosciences, Scent and Taste, while Food Ingredients sales slipped 4%...
WhiteHorse Therapeutics reported Q4 2025 net investment income of $6.6 million, up 8% from the prior quarter, and NAV per share increased 2.4% to $11.68. The board expanded the share‑repurchase program by $7.5 million, leaving $15 million of authorization available, and declared a...
QuinStreet reported a record $287.8 million Q2 revenue, topping expectations despite the seasonally weak quarter. The company’s Homebody acquisition, completed for $115 million, is projected to add at least $30 million of adjusted EBITDA and push the home services run rate to $400‑$500 million....
UL Solutions reported a record $3.1 billion full‑year revenue in 2025, up 6.4% overall and 6.2% organically, while Q4 revenue rose modestly to $789 million. Adjusted EBITDA grew 20.7% to a 25.9% margin, with Q4 EBITDA margin expanding to 27.5% after a...
Runway Growth Finance Corp announced a NAV‑for‑NAV merger with SWK Holdings that will add roughly $242 million of assets, pushing healthcare and life‑sciences exposure from 14% to about 31% of the portfolio. Management expects mid‑single‑digit net investment income accretion in the...
Urban One (formerly BuzzFeed Inc) reported Q4 2025 consolidated revenue of $97.8 million, a 16.5% year‑over‑year decline, and a net loss of $54.4 million. Adjusted EBITDA dropped 41.8% to $15.6 million, while non‑cash impairment charges of $55.3 million were dominated by a $53.1 million hit...
Uruguay has launched its first credit risk transfer (CRT) transaction in Latin America, marking a milestone for the region’s structured credit market. The $500 million synthetic securitisation, backed by sovereign assets, was structured by local banks and underwritten by a consortium...
Turtle Beach Corp reported Q4 2025 revenue of $118 million, a 19% year‑over‑year decline, while gross margin surged to 40.1%, the strongest quarterly level since 2018. Net income fell to $17.6 million and adjusted EBITDA dropped 21%, but operating expenses were trimmed...
CAR‑MART Inc. reported a mixed Q3 2026 performance, with gross margin expanding to 36.6% and interest income rising 7.5%, while total revenue slipped 1.9% to $341.3 million due to a 5.7% drop in retail unit sales. Digital adoption accelerated: collections grew...
Genpact reported record fiscal 2025 results, delivering $5.08 billion in revenue, a 6.6% increase year‑over‑year. Advanced Technology Solutions grew 17% to $1.2 billion, now representing 24% of total revenue and driving the majority of margin expansion. Adjusted diluted EPS rose 11% to...
Vertex Pharmaceuticals reported Q4 2025 revenue of $3.2 billion, a 10% quarterly increase, and $12 billion for the full year, up 9% year‑over‑year. Gross margin reached 85.7% and non‑GAAP net income rose 24% to $1.3 billion, underscoring strong profitability. New product...
Waste Management (WM) reported a record 30% operating EBITDA margin for 2024, driven by over 10% legacy EBITDA growth, aggressive cost discipline, and automation upgrades across its recycling network. The company completed the Stericycle acquisition, targeting $250 million in synergies and...
Harvard Bioscience reported Q4 2025 net sales of $693 million, a 3.9% increase year‑over‑year, driven primarily by an 8.4% rise in Clinical Diagnostics revenue. Life Science sales fell 2.6% as academic and biotech funding remained constrained, while the ddPCR portfolio...
Alliance Laundry Holdings reported a mixed Q4 2025 performance, with bookings surging 42% sequentially to $540 million while revenue slipped to $923 million due to lower shipments and $40 million in tariff costs. Operating cash flow improved to $57 million,...
ICMA’s March 2026 paper surveys asset owners and managers handling about $28 trillion, revealing ESG ratings and data products have become central to equity, debt and loan markets. It highlights growing transparency since IOSCO’s 2021 final report and the rise of...
United Maritime Corp reported Q4 2025 net revenues of $57.4 million, a 7.7% increase year‑over‑year, and net income of $40.5 million, boosted by a $9.2 million vessel sale. Adjusted EBITDA rose 24% to $40.7 million, while the board lifted the annual dividend 7% to...
The Joint Corp reported Q4 2025 revenue of $15.2 million, up 3%, while system‑wide sales fell 3.9% to $140 million and were flat for the year. Adjusted EBITDA improved 7.8% quarter‑over‑quarter and 13.9% year‑over‑year, delivering a $1 million quarterly net profit after a...
Full Truck Alliance reported a 22.3% year‑over‑year increase in fulfilled orders, reaching 63.4 million, and total revenue of RMB 3.36 billion, up 10.8%. Transaction‑service revenue surged 39% to RMB 1.46 billion, while freight‑brokerage revenue slipped, reflecting a strategic shift toward higher‑margin services. The July 2025...
Karat Packaging reported third‑quarter 2025 net sales of $124.5 million, up 10.4% year‑over‑year, driven by volume growth and a favorable product mix. Gross margin slipped to 34.5% as import duties and higher freight costs rose to 14.4% of sales. Operating income...
Mach Natural Resources (MNR) reported a strategic pivot in 2025, selling four non‑core businesses for roughly $150 million and channeling $65 million into an expanding aviation‑rental platform now comprising 26 assets. Total revenue fell 6% year‑over‑year to $9.5 million in Q4, while the...
Urban One reported a 16% drop in consolidated net revenue to $92.7 million and a 44% decline in adjusted EBITDA to $14.2 million for the quarter. Digital EBITDA fell to $0.8 million from $5.3 million a year earlier, while Reach Media revenue slumped 40%...
Alliance Entertainment reported Q4 2025 net income of $9.4 million, up from $7.1 million a year earlier, driven by higher margins and a shift toward premium physical media and collectibles. Adjusted EBITDA rose to $18.5 million and gross margin expanded...
Edge Focus CEO Elliott Lorenz discussed a new generation of AI underwriting that transforms asset‑backed finance. By applying advanced machine‑learning algorithms to securitisation, lenders can more accurately price and structure credit for esoteric assets such as royalties, aviation leases, and...
Alto Ingredients reported a Q4 2025 net income of $21.5 million, a $63.5 million year‑over‑year improvement, and adjusted EBITDA of $27.9 million, up $35.6 million. Gross profit rose to $15.2 million despite a $4 million dip in net sales, driven by higher crush margins, premium renewable‑fuel...
El Pollo Loco reported a modest 3% revenue increase to $125.8 million in Q2 2025, while restaurant contribution margin rose to 19.1%, up 50 basis points. Digital sales grew sharply, representing 25.5% of total sales, and franchise revenue surged 14.8% year‑over‑year. The...
Chicago Atlantic Real Estate Finance (REFI) reported a 5.1% drop in net interest income to $13.7 million and a modest decline in distributable earnings per share to 50¢ basic. The loan portfolio remained at $400 million with a weighted‑average yield of 16.5%...
SandRidge Energy reported a strong Q4 2025 and full‑year performance, with average daily production climbing to 19.5 MBOE in the quarter and 18.5 MBOE annually, a 12% increase on a BOE basis and 32% rise in oil output. Revenue grew 25% to...
Limoneira reported a 47% drop in first‑quarter revenue to $18.2 million as the company transitions lemon sales to a Sunkist partnership, shifting volume to later quarters. Adjusted net loss widened to $8.5 million, or $0.48 per diluted share, while non‑GAAP adjusted EBITDA...
Chinese exporters are scrambling to hedge yuan appreciation, driving a record $39 bn net foreign‑currency sell‑off in January and $100 bn dollar net sales in December. Regulators have issued informal "window guidance" urging banks to lift corporate hedging ratios to roughly 40 %...
After a flurry of IPOs that raised $11.7 billion this year, a new crop of blank-check firms are joining a long queue: all the other vehicles waiting for the chance to take a company public https://t.co/LpBCk25L1r
Affirm announced a new securitization, the Master Trust series 2026‑2, raising $518.1 million to fund point‑of‑sale unsecured consumer loans. The pool carries a weighted‑average FICO of 672, the lowest among its recent trusts, and is divided into five tranches maturing on...
AI‑driven data center projects are reshaping tech capital spending, pushing construction‑in‑progress (CIP) balances and accounts payable to unprecedented levels. Companies adopt varied structures—joint ventures, SPVs, sale‑leasebacks—that affect how liabilities appear on balance sheets. The surge in days‑payable‑outstanding signals supplier financing...
