1,080 material Form 8-K filings that 839 companies we cover made with the SEC in May 2025, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Evergy entered an equity distribution agreement on May 8, 2025, allowing it to sell common stock with an aggregate offering price of up to $1.2 billion through sales agents and forward sale arrangements. The company has no obligation to sell any shares and said net proceeds would go to general corporate purposes, which may include investment in its subsidiaries, so shareholders could see dilution if shares are sold.
Equity distribution agreement dated May 8, 2025, covers up to $1.2 billion of common stock, including shares sold under forward sale agreements.
Managers and forward sellers can receive commissions of up to 2% of gross offering proceeds or gross sales price of borrowed shares.
Shares will be offered under an automatic shelf registration on Form S-3 filed August 16, 2024 (Registration No. 333-281614).
Company will not initially receive proceeds from borrowed shares sold by forward sellers; proceeds come upon future settlement.
Ziff Davis reported unaudited first-quarter 2025 results, with revenue up 4.5% to $328.6 million and GAAP net income up 128.1% to $24.2 million. Adjusted EBITDA and adjusted diluted EPS both declined from a year earlier, and the company reaffirmed its 2025 guidance.
Q1 2025 revenue rose 4.5% to $328.6 million from $314.5 million; income from operations fell to $35.1 million from $35.9 million.
GAAP diluted EPS was $0.56 versus $0.23; adjusted diluted EPS was $1.14 versus $1.27.
Adjusted EBITDA was $100.2 million versus $100.8 million; free cash flow was $(5.0) million versus $47.4 million, which the company attributed to working capital usage by TDS Gift Cards.
2025 guidance was reaffirmed: revenues of $1,442 million to $1,502 million and adjusted EBITDA of $505 million to $542 million; the earnings call is on May 9, 2025 at 8:30 a.m. ET.
Alliant Energy reported first-quarter 2025 GAAP earnings of $0.83 per share, up from $0.62 a year earlier, with revenue of $1,128 million versus $1,031 million. The company reaffirmed its 2025 EPS guidance of $3.15 to $3.25 per share and updated its 2025-2028 capital expenditure plan to $11.5 billion in aggregate, which supports the outlook for shareholders.
Q1 2025 GAAP EPS was $0.83 versus $0.62 in Q1 2024; net income attributable to common shareowners was $213 million versus $158 million
Revenue was $1,128 million versus $1,031 million; operating income was $257 million versus $222 million
2025 consolidated EPS guidance of $3.15 to $3.25 was reaffirmed, assuming normal temperatures
Updated 2025-2028 capital expenditures total $11.5 billion; the company cited energy resources for about 2.1 gigawatts of contracted peak data center demand
At its May 7, 2025 annual meeting, Axcelis stockholders approved adding 3,000,000 shares to the reserve under the 2012 Equity Incentive Plan and elected all eight director nominees. On May 8, the board named Jorge Titinger as Non-Executive Chairperson and set committee assignments, which matter to shareholders because they change the company's equity pool and board leadership.
Equity plan amendment: 3,000,000 additional shares reserved; 22,500,255 votes for, 3,019,530 against, and 116,775 abstentions.
All eight director nominees elected, including Tzu-Yin Chiu, Gregory B. Graves and Jorge Titinger.
Jorge Titinger elected Non-Executive Chairperson of the board on May 8, 2025.
Ernst & Young LLP ratified as auditor for the year ending December 31, 2025, with 26,836,305 votes for.
UiPath director Laela Sturdy told the company on May 6, 2025 that she will not stand for re-election and will resign from the Board, effective immediately before the 2025 Annual Meeting of Stockholders. The filing states her decision is not due to any disagreements with UiPath. The change is administrative in nature and does not involve a financial result or a change in company leadership.
Notice given to UiPath on May 6, 2025
Ms. Sturdy has served on the Board since March 2021 and was a Board observer from November 2018
Resignation effective immediately before the 2025 Annual Meeting of Stockholders
Filing states no disagreements with UiPath led to the decision
At its annual meeting on May 8, 2025, Edwards Lifesciences stockholders elected nine director nominees, approved an advisory vote on named executive officer compensation, and ratified PricewaterhouseCoopers LLP as auditor for fiscal 2025. Stockholders also approved increases to the share reserves of the company's U.S. and international employee stock purchase plans.
U.S. ESPP share reserve increased by 4,200,000 shares; International ESPP increased by 1,460,000 shares
Executive pay advisory vote approved: 412,893,480.47 for and 56,265,224.07 against
PricewaterhouseCoopers LLP ratified as independent auditor for the year ending December 31, 2025: 447,661,338.99 for and 49,958,008.47 against
TKO Group Holdings filed recast historical financials for fiscal 2022 through 2024 that include the IMG business, On Location and Professional Bull Riders, acquired from Endeavor affiliates on February 28, 2025, as if the deal had closed January 1, 2022. For 2024, revenue rose 51% to $4,884.2 million, but operating income fell to $30.9 million from $375.8 million, while net income attributable to TKO Group Holdings was $9.3 million compared with a loss of $35.2 million in 2023. The filing does not amend or restate prior annual reports.
Revenue for the year ended December 31, 2024 was $4,884.2 million, up from $3,224.8 million in 2023.
Operating income was $30.9 million in 2024, down from $375.8 million in 2023.
Net income attributable to TKO Group Holdings, Inc. was $9.3 million in 2024, versus a net loss of $35.2 million in 2023; net loss attributable to non-controlling interests was $255.1 million.
The recast reflects the Endeavor asset acquisition closed February 28, 2025, and does not revise the company's Form 10-K filings for 2022 through 2024.
Post Holdings reported fiscal second-quarter 2025 results for the period ended March 31, 2025. Net sales fell 2.3% to $1,952.1 million and diluted earnings per share fell to $1.03 from $1.48, while Adjusted EBITDA rose 0.4% to $346.5 million. The company raised its fiscal 2025 Adjusted EBITDA guidance to $1,430-$1,470 million, so shareholders get weaker reported sales and profit alongside a higher profit outlook.
Q2 net sales were $1,952.1 million, down 2.3% from $1,999.0 million a year earlier
Net earnings were $62.6 million, down 35.6%; diluted EPS was $1.03 versus $1.48
Adjusted EBITDA was $346.5 million, up 0.4% from $345.2 million
Fiscal 2025 Adjusted EBITDA guidance raised to $1,430-$1,470 million from $1,420-$1,460 million
Black Hills Corporation entered into a First Amendment to its equity distribution sales agreement on May 8, 2025. The amendment continues the at-the-market share program and resets its size to up to $400 million in aggregate gross sales price, superseding the prior limit under the June 16, 2023 agreement. The filing describes a financing mechanism that allows the company to sell common stock over time, which could dilute existing shareholders depending on how much is sold.
First Amendment dated May 8, 2025 resets the at-the-market program to up to $400,000,000 in aggregate gross sales price
Existing agreement was entered into June 16, 2023; all other terms remain in effect except as modified
Affiliates of several agents are lenders under certain existing credit facilities and may receive proceeds used to repay borrowings
RingCentral reported first quarter 2025 results for the period ended March 31, 2025, with total revenue of $612 million, up 5% from a year earlier, and GAAP operating income of $10 million compared with a loss of $11 million a year earlier. The company kept its full-year 2025 total revenue growth guidance at 4% to 6% and set second-quarter total revenue guidance of $614 million to $620 million, so shareholders see revenue and profit growth alongside a company-level outlook that the filing presents without a stated prior-year comparison.
Total revenue $612 million, up from $584 million; subscriptions revenue $590 million, up 6%
GAAP net loss per share narrowed to ($0.11) from ($0.31); non-GAAP diluted EPS $1.00 vs. $0.87
Operating cash flow $150 million; free cash flow $130 million vs. $77 million a year earlier
Cash and equivalents fell to $154 million; $50 million of buybacks in the quarter, $218 million remaining on authorization
Synaptics reported fiscal third-quarter 2025 revenue of $266.6 million, up from $237.3 million a year earlier, with non-GAAP diluted EPS of $0.90 versus $0.53. GAAP net loss widened to $21.8 million, or $0.56 per share, from $18.1 million, or $0.46 per share, after a $13.8 million intangible asset impairment charge. The company guided fourth-quarter revenue to $280 million plus or minus $15 million and non-GAAP EPS to $1.00 plus or minus $0.20.
Q3 revenue of $266.6 million, up from $237.3 million a year earlier; Core IoT sales grew 43% year over year
GAAP net loss of $21.8 million, or $0.56 per share, versus $18.1 million, or $0.46 per share, a year earlier
Q4 fiscal 2025 guidance: revenue of $280 million plus or minus $15 million; GAAP loss per share of $0.68 plus or minus $0.30; non-GAAP EPS of $1.00 plus or minus $0.20
Repurchased approximately 546,000 shares for $37.9 million in the quarter
Victory Capital reported first-quarter 2025 results, with revenue of $219.6 million, up 1.7% from a year earlier but down from $232.4 million in the fourth quarter of 2024. GAAP diluted earnings were $0.96 per share, up from $0.84 a year earlier but down from $1.17 in the prior quarter, and the board raised the quarterly dividend to $0.49 per share.
Revenue of $219.6 million, up 1.7% from $215.9 million a year earlier and down from $232.4 million in Q4 2024
GAAP net income of $62.0 million, or $0.96 per diluted share, versus $0.84 in Q1 2024 and $1.17 in Q4 2024
Adjusted net income with tax benefit of $88.1 million, or $1.36 per diluted share, versus $1.25 a year earlier
Quarterly cash dividend raised to $0.49 per share, payable June 25, 2025, to holders of record on June 10, 2025
HCI Group reported first quarter 2025 pre-tax income of $100.3 million and net income after noncontrolling interests of $69.7 million, up from $47.6 million a year earlier. The board is pursuing a potential tax-free spin-off of its Exzeo Group unit to existing HCI shareholders, targeted for completion by the end of 2025, subject to customary conditions.
Diluted EPS was $5.35 in Q1 2025 versus $3.81 in Q1 2024
Gross premiums earned rose 17.0% to $300.4 million, driven mainly by policies assumed from Citizens Property Insurance Corporation
Losses and loss adjustment expenses fell to $59.3 million from $79.9 million; gross loss ratio was 19.7% versus 31.1%
Potential Exzeo spin-off targeted for completion by the end of 2025; IRS tax-free treatment is not assured
Illumina reported first-quarter 2025 results, with core Illumina revenue of $1.04 billion, down 1% from a year earlier, and GAAP diluted EPS of $0.82 versus a loss of $0.79 in the prior-year period. The company lowered its full-year outlook, now expecting non-GAAP diluted EPS of $4.20-$4.30, down from about $4.50 in March, mainly due to tariffs. For shareholders, the guidance cut lowers expected earnings for 2025 even though the quarter's GAAP profit improved.
Core Illumina Q1 2025 revenue was $1.04 billion, down 1% from Q1 2024 (flat on a constant currency basis).
GAAP diluted EPS was $0.82 versus a loss of $0.79 a year earlier; non-GAAP diluted EPS was $0.97.
2025 non-GAAP diluted EPS guidance is $4.20-$4.30, down from about $4.50 in March, with $85 million in tariff-related costs cited.
Core Illumina revenue is now expected to decline 1% to 3% on a constant currency basis in 2025, down from low single digit growth previously.
Seagate Technology director Judy Bruner told the board on May 2, 2025 that she will not seek re-election at the 2025 Annual General Meeting of Shareholders. She will remain a director until that meeting concludes, and the filing says her decision was not due to any disagreement with the company on its operations, policies, or practices.
Notice given to the board on May 2, 2025
Bruner will serve as director until the 2025 Annual Meeting concludes
Filing states no disagreement with the company on operations, policies, or practices
Progyny reported first quarter 2025 revenue of $324.0 million, up 16.5% from a year earlier, and raised its full year 2025 outlook, projecting revenue of $1.185 billion to $1.235 billion. GAAP net income fell to $15.1 million from $16.9 million, while adjusted earnings per diluted share rose to $0.48 from $0.39, so shareholders get a mixed profit picture alongside stronger sales and guidance.
Q1 2025 revenue was $324.0 million, up 16.5%; excluding a large client that did not renew, revenue rose 19%
Net income was $15.1 million, or $0.17 per diluted share, versus $16.9 million, or $0.17, a year earlier, due mainly to a higher tax provision
Adjusted EBITDA rose 15% to $57.8 million; operating cash flow was $49.8 million versus $25.7 million
Full year 2025 guidance: revenue $1.185 billion to $1.235 billion, adjusted EBITDA $190.0 million to $203.0 million; Q2 2025 revenue projected at $310.0 million to $325.0 million
AMN Healthcare reported first-quarter 2025 revenue of $690 million, down 16% from a year earlier, and a net loss of $1 million, or $0.03 per diluted share, compared with net income of $17 million, or $0.45 per share, in the first quarter of 2024. Adjusted diluted EPS fell to $0.45 from $0.97, and second-quarter revenue guidance of $645 million to $660 million points to a further decline of 11% to 13% from the prior year, which weighs on the outlook for shareholders.
Q1 2025 revenue was $690 million, down 16% year over year and 6% sequentially; gross margin was 28.7%, down 270 basis points year over year.
Net loss was $1 million, or ($0.03) per diluted share, versus net income of $17 million, or $0.45 per share, in Q1 2024.
Second-quarter 2025 revenue guidance is $645 million to $660 million, 11% to 13% lower than the prior year.
Cash flow from operations was $93 million in the first quarter, and the company reduced debt by $60 million.
PVH Corp. said David Savman, its Head of Global Operations and Chief Supply Chain Officer, has been appointed Global President of Calvin Klein, succeeding Eva Serrano, who is leaving the company. Serrano will serve as an advisor through December 31, 2025 to support the transition, and Savman will keep his supply chain and operations roles until a successor is named.
David Savman appointed Global President, Calvin Klein, succeeding Eva Serrano
Serrano serves in an advisory capacity through December 31, 2025
Savman continues as Chief Supply Chain Officer and Head of Global Operations until a successor is named
Monster Beverage reported first-quarter 2025 results on May 8, 2025. Reported net sales fell 2.3% to $1.85 billion, while operating income rose 5.1% to $569.7 million and diluted earnings per share rose 7.4% to $0.45, helped by a higher gross profit margin. The company attributed the sales decline mainly to bottler and distributor ordering patterns, currency changes, and adverse weather.
Net sales were $1.85 billion, down 2.3% from $1.90 billion in the first quarter of 2024.
Gross profit as a percentage of net sales rose to 56.5% from 54.1%.
Operating income was $569.7 million and net income was $443.0 million, versus $542.0 million and $442.0 million a year earlier.
No shares were repurchased in the first quarter, and about $500.0 million remained available under the repurchase program as of May 8, 2025.
Brighthouse Financial reported a first-quarter 2025 net loss available to shareholders of $294 million, or $5.04 per diluted share, narrowing from a $519 million loss a year earlier. Adjusted earnings were $235 million, or $4.01 per diluted share, compared with an adjusted loss of $98 million in the first quarter of 2024. Annuity sales fell 21% from the prior quarter, a decline shareholders may weigh against the improved profit figures.
Net loss available to shareholders of $294 million, or $5.04 per diluted share, versus a net loss of $519 million, or $8.22 per share, in Q1 2024.
Adjusted earnings of $235 million, or $4.01 per diluted share, versus an adjusted loss of $98 million a year earlier; includes a $10 million unfavorable notable item.
Annuity sales decreased 21% quarter-over-quarter to $2.3 billion; life sales rose 24% quarter-over-quarter to $36 million.
Repurchased $59 million of common stock in Q1 2025 and a further $26 million through May 6, 2025; holding company liquid assets were $1.0 billion.
Mattel appointed Paul Ruh as chief financial officer effective May 19, 2025, succeeding Anthony DiSilvestro, who announced his retirement in January. DiSilvestro will advise the company through August 15, 2025, to support the transition. Ruh previously served as CFO of Kenvue Inc. since May 2023 and will oversee Mattel's global finance organization and global technology organization.
Paul Ruh, age 58, becomes CFO effective May 19, 2025, reporting to Chairman and CEO Ynon Kreiz
Ruh's offer includes a $950,000 base salary, a 2025 target bonus of 100% of base salary (maximum 200%), and a $3,800,000 new-hire make-whole stock grant
Ruh will receive a $100,000 signing bonus and a 2025 target annual stock grant value of $2,825,000
Anthony DiSilvestro will serve as an advisor through August 15, 2025
Adtalem Global Education Inc. (NYSE: ATGE) reported third-quarter fiscal 2025 revenue of $466.1 million, up 12.9%, and diluted EPS of $1.59 versus $0.93 a year earlier, and raised its fiscal 2025 guidance. The Board also authorized a new $150 million share repurchase program through May 2028. Note that the filing is from Adtalem, not Covista Inc. (CVSA) as the request header states.
Revenue of $466.1 million, up 12.9% year over year; net income of $60.8 million versus $36.8 million
Adjusted EPS of $1.92 versus $1.50 a year earlier; diluted EPS of $1.59 versus $0.93
Fiscal 2025 guidance raised to revenue of $1,760 million to $1,775 million and adjusted EPS of $6.40 to $6.60
New $150 million share repurchase program through May 2028, following completion of a $300 million program on May 5, 2025
Assured Guaranty reported first quarter 2025 net income attributable to the company of $176 million, or $3.44 per diluted share, up from $109 million, or $1.89, a year earlier. Results were helped by a $103 million pre-tax gain from the resolution of the LBIE litigation, and the company returned $138 million to shareholders in the quarter, including $120 million of share repurchases.
Net income attributable to Assured Guaranty was $176 million ($3.44 per diluted share) for Q1 2025, versus $109 million ($1.89) in Q1 2024.
Adjusted operating income was $162 million ($3.18 per share), versus $113 million ($1.96) in Q1 2024.
The company recognized a $103 million pre-tax gain tied to the LBIE litigation.
Capital returned in Q1 2025 was $138 million, including $120 million of buybacks and $18 million of dividends; about $181 million of repurchase authorization remained as of May 8, 2025.
American Healthcare REIT reported first quarter 2025 total revenues of $540.6 million, up from $499.5 million a year earlier, and raised its full-year 2025 guidance. GAAP net loss attributable to controlling interest widened to $6.8 million, or $(0.04) per diluted share, from $3.9 million a year earlier, mainly due to a $21.7 million impairment of a real estate investment. Shareholders get higher expected 2025 normalized FFO, but a larger GAAP loss in the quarter.
Total revenues were $540.6 million for the quarter ended March 31, 2025, compared with $499.5 million for the same period in 2024.
Normalized FFO attributable to common stockholders was $0.38 per diluted share, up from $0.30 a year earlier.
Full-year 2025 normalized FFO guidance was raised to $1.58 to $1.64 per diluted share from $1.56 to $1.60; total portfolio same-store NOI growth guidance rose to 9.0% to 13.0% from 7.0% to 10.0%.
Net loss attributable to controlling interest was $(6.8) million, compared with $(3.9) million a year earlier, after a $21.7 million impairment of a real estate investment.
Alarm.com reported first-quarter 2025 results for the period ended March 31, 2025, with total revenue up 7.0% to $238.8 million and GAAP net income up 18.4% to $27.7 million. Diluted EPS rose to $0.52 from $0.44, but operating cash flow fell to $24.1 million from $49.9 million. The company also issued full-year 2025 guidance, including total revenue of $975.8 million to $991.2 million.
Total revenue rose 7.0% to $238.8 million from $223.3 million; SaaS and license revenue rose 9.0% to $163.8 million.
GAAP net income rose 18.4% to $27.7 million; diluted EPS was $0.52 versus $0.44 a year earlier.
Operating cash flow was $24.1 million versus $49.9 million; non-GAAP free cash flow was $17.9 million versus $46.8 million.
Full-year 2025 guidance: total revenue of $975.8 million to $991.2 million and non-GAAP adjusted EBITDA of $190.0 million to $193.0 million.
Rocket Lab reported first-quarter 2025 revenue of $122.6 million, up from $92.8 million a year earlier, but its net loss widened to $60.6 million from $44.3 million. The company also guided second-quarter revenue to $130 million to $140 million and said it plans a holding company reorganization, expected to take effect by June 1, 2025, with shares continuing to trade as RKLB.
Q1 2025 total revenues were $122.6 million, versus $92.8 million in Q1 2024.
Q1 2025 net loss was $60.6 million, or $0.12 per share, compared with $44.3 million, or $0.09 per share, a year earlier.
Q2 2025 guidance: revenue of $130 million to $140 million; Adjusted EBITDA loss of $28 million to $30 million.
Holding company reorganization planned to be effective by June 1, 2025; Rocket Lab Corporation would succeed the company and keep the RKLB symbol.
Microchip Technology reported fourth-quarter fiscal 2025 results for the quarter ended March 31, 2025. Net sales were $970.5 million, down 26.8% from a year earlier but above the midpoint of the company's $960.0 million guidance, and the company guided first-quarter fiscal 2026 net sales to $1.020 billion to $1.070 billion. GAAP results were a net loss attributable to common stockholders of $156.8 million, or $0.29 per diluted share, compared with a profit a year earlier, and included restructuring charges.
Q4 net sales of $970.5 million, down 26.8% from $1.326 billion a year earlier and above the $960.0 million guidance midpoint.
GAAP net loss attributable to common stockholders of $156.8 million, or $0.29 per diluted share, versus net income of $154.7 million a year earlier.
Non-GAAP EPS of $0.11 per diluted share, within the $0.05 to $0.15 guidance range given February 6, 2025.
Q1 fiscal 2026 net sales guidance of $1.020 billion to $1.070 billion; quarterly dividend of 45.5 cents per share payable June 5, 2025.
News Corp reported results for the fiscal third quarter ended March 31, 2025, with net income from continuing operations up 67% to $107 million and reported EPS from continuing operations of $0.14, versus $0.07 a year earlier. Revenue rose 1% to $2.01 billion, while News Media revenue fell 8%, and the release gives no forward guidance. The Foxtel sale to DAZN closed on April 2, 2025, which the company said is expected to be accretive to earnings per share, though the filing does not quantify that effect.
Total Segment EBITDA rose 12% to $290 million from $259 million; Dow Jones and Digital Real Estate Services led the gains
Reported EPS from continuing operations was $0.14 versus $0.07; adjusted EPS was $0.17 versus $0.13
Foxtel sale to DAZN closed April 2, 2025; News Corp received a minority stake of approximately 6% in DAZN
Free cash flow for the nine months ended March 31, 2025 was $539 million, up from $475 million
Globus Medical reported first-quarter 2025 net sales of $598.1 million, down 1.4% from a year earlier, while GAAP net income rose to $75.5 million from a loss of $7.1 million. The company cut its full-year 2025 non-GAAP diluted EPS guidance to $3.00 to $3.30 from $3.10 to $3.40, but reaffirmed its full-year revenue guidance of $2.80 to $2.90 billion. Shareholders get a mixed picture: profit improved, but sales declined and the earnings outlook was lowered.
Net sales were $598.1 million, down 1.4% (down 0.8% on a constant currency basis); U.S. sales rose 0.2% while international sales fell 7.7%.
GAAP diluted EPS was $0.54, compared with a loss of $0.05 a year earlier; non-GAAP diluted EPS was $0.68, up from $0.63.
Full-year 2025 non-GAAP diluted EPS guidance was lowered to $3.00 to $3.30 from $3.10 to $3.40; revenue guidance of $2.80 to $2.90 billion was reaffirmed.
The company paid off the remaining $450 million of debt assumed from the NuVasive merger and reported free cash flow of $141.2 million.
Astrana Health reported first-quarter 2025 total revenue of $620.4 million, up 53% from a year earlier, driven by its Care Partners segment. Net income attributable to the company fell to $6.7 million, or $0.14 per diluted share, from $14.8 million, or $0.31 per share, and Adjusted EBITDA declined to $36.4 million from $42.2 million, so shareholders face higher revenue alongside lower profit. The company reiterated its full-year 2025 guidance and issued second-quarter guidance.
Total revenue $620.4 million, up 53% from $404.4 million; Care Partners revenue $601.0 million, up 57%
Net income attributable to Astrana $6.7 million vs. $14.8 million; diluted EPS $0.14 vs. $0.31
Adjusted EBITDA $36.4 million vs. $42.2 million; Adjusted EBITDA margin 6% vs. 10%
Q2 2025 guidance: revenue $615 million to $655 million and Adjusted EBITDA $45 million to $50 million; full-year 2025 revenue $2.5 billion to $2.7 billion and Adjusted EBITDA $170 million to $190 million, reiterated
Coinbase reported first-quarter 2025 total revenue of $2.0 billion, down 10% from the prior quarter, and net income of $66 million, with results weighed down by $597 million in pre-tax losses on its crypto investment portfolio. The letter also announced an agreement to acquire Deribit for approximately $2.9 billion, paid in $700 million cash and 11 million shares, which shareholders should weigh against the lower quarterly profit.
Q1 total revenue was $2.0 billion, down 10% from Q4 2024; transaction revenue was $1.3 billion, down 19%
Net income was $66 million, compared with $1.29 billion in Q4 2024; Adjusted EBITDA was $930 million
Subscription and services revenue rose 9% to $698 million, driven mainly by stablecoin revenue
Agreement to acquire Sentillia B.V. (Deribit) for about $2.9 billion, expected to close by year-end, subject to regulatory approvals
TKO reported first quarter 2025 revenue of $1.27 billion, up 4%, and net income of $165.5 million, compared with a net loss of $234.5 million a year earlier, which included a $335.0 million legal settlement charge in the prior-year period. The company raised its full-year 2025 revenue and Adjusted EBITDA targets for UFC and WWE, excluding the acquired IMG, On Location and PBR businesses, and separately set combined targets that include those businesses.
Q1 2025 revenue was $1,268.8 million, up from $1,222.4 million; Adjusted EBITDA rose 23% to $417.4 million
Excluding the acquired businesses, 2025 revenue guidance rose to $3.005 billion to $3.075 billion from $2.930 billion to $3.000 billion
Including the acquired businesses, 2025 guidance is revenue of $4.490 billion to $4.560 billion and Adjusted EBITDA of $1.490 billion to $1.530 billion
Cash and cash equivalents were $470.9 million and gross debt was $2.776 billion as of March 31, 2025
HubSpot reported first-quarter 2025 revenue of $714.1 million, up 16% from a year earlier, while its GAAP net result swung to a $21.8 million loss from $5.9 million of net income. The company also issued revenue and non-GAAP profit guidance for the second quarter and full year, and its board authorized a $500.0 million share repurchase program.
Q1 2025 total revenue $714.1 million, up 16% as reported; GAAP net loss $21.8 million ($0.42 per share) versus net income of $5.9 million ($0.12 per share) in Q1 2024
Non-GAAP diluted net income per share $1.78, compared with $1.68 in Q1 2024
Guidance: Q2 2025 revenue $738.0 million to $740.0 million; full-year 2025 revenue $3.036 billion to $3.044 billion and non-GAAP diluted EPS $9.29 to $9.37
Board authorized up to $500.0 million in share repurchases on May 6, 2025 over up to 12 months; Brian Halligan resigned as Executive Chairperson effective May 8, 2025 and Lorrie Harrington became Chairperson
MGM Resorts entered into a new employment agreement with CEO William Hornbuckle on May 8, 2025, replacing his prior agreement that was set to end August 31, 2026. The new term runs to December 31, 2028, and the filing says the company wants him to keep leading the company for the long term.
New term runs until December 31, 2028, with minimum base salary of $2,000,000 per year
Annual target bonus of 250% of base salary; amounts above 150% of target paid in deferred restricted stock units
Expected annual equity grants of $10,000,000 for 2025 through 2028, plus a one-time cash signing bonus of $8,000,000
Solventum reported first-quarter 2025 sales up 2.6% to $2.1 billion, with organic sales up 4.3%. Profit fell sharply: net income was $137 million versus $237 million a year earlier, and GAAP diluted EPS was $0.78 versus $1.37. The company raised its full-year 2025 organic sales growth outlook to +1.5% to +2.5% but left its adjusted EPS and free cash flow guidance unchanged.
Net sales rose 2.6% to $2.1 billion; organic sales rose 4.3% for the quarter.
GAAP diluted EPS was $0.78 versus $1.37; adjusted diluted EPS was $1.34 versus $2.08.
Free cash flow was negative $80 million versus $340 million a year earlier.
Full-year organic sales growth outlook raised to +1.5% to +2.5% from +1.0% to +2.0%; adjusted EPS guidance of $5.45 to $5.65 unchanged.
Saul Centers reported first quarter 2025 results, with total revenue up to $71.9 million from $66.7 million a year earlier, while net income fell to $12.8 million from $18.3 million. The company said the new Twinbrook Quarter Phase I property reduced net income by $6.5 million as its costs began to be expensed, which lowered earnings per share to $0.29 from $0.45 for shareholders.
Total revenue rose to $71.9 million from $66.7 million for the first quarter of 2024.
Net income available to common stockholders was $7.0 million, or $0.29 per share, versus $10.8 million, or $0.45 per share, a year earlier.
Twinbrook Quarter Phase I reduced net income by $6.5 million; FFO per share was $0.71 compared with $0.80.
Toast reported first-quarter 2025 net income of $56 million, compared with a net loss of $83 million a year earlier, and Adjusted EBITDA of $133 million, up from $57 million. The company raised its full-year 2025 Adjusted EBITDA outlook to $540 million to $560 million from $510 million to $530 million, which signals higher expected profitability for shareholders.
Q1 2025 net income was $56 million versus a net loss of $83 million in Q1 2024.
Total revenue was $1.34 billion in Q1 2025 versus $1.08 billion in Q1 2024.
Full-year 2025 Adjusted EBITDA outlook raised to $540 million to $560 million from $510 million to $530 million.
Toast signed Dine Brands' Applebee's, which it describes as its largest deal to date.
PDF Solutions reported first-quarter 2025 total revenue of $47.8 million, up 16% from a year earlier, and reaffirmed its 21-23% annual revenue growth guidance for 2025. The company posted a GAAP net loss of $3.0 million, or $(0.08) per diluted share, compared with a $0.4 million loss a year earlier, while non-GAAP diluted EPS rose to $0.21 from $0.15.
Total revenues of $47.8 million, up 16% from $41.3 million in Q1 2024 and down from $50.1 million in Q4 2024.
GAAP net loss of $3.0 million, or $(0.08) per diluted share, versus a net loss of $0.4 million, or $(0.01), in Q1 2024.
Non-GAAP net income of $8.1 million, or $0.21 per diluted share, versus $5.7 million, or $0.15, in Q1 2024.
Reaffirmed 21-23% annual revenue growth guidance; acquired SecureWise LLC in March 2025 with $70.0 million of new bank debt and cash on hand.
Metallus reported first-quarter 2025 net sales of $280.5 million, up 17% from the fourth quarter of 2024 but down 13% from a year earlier, and net income of $1.3 million, or $0.03 per diluted share, compared with $24.0 million, or $0.52, in the first quarter of 2024. The company expects second-quarter 2025 adjusted EBITDA to be higher than the first quarter's $17.7 million, but first-quarter operating cash flow was an outflow of $38.9 million, mainly due to required pension contributions.
Net sales of $280.5 million, up 17% from $240.5 million in Q4 2024 and down 13% from $321.6 million in Q1 2024
Net income of $1.3 million ($0.03 per diluted share) versus $24.0 million ($0.52) a year earlier; adjusted net income of $3.2 million ($0.07 per share) versus $26.1 million ($0.56)
Adjusted EBITDA of $17.7 million, compared with $8.3 million in Q4 2024 and $43.4 million in Q1 2024
Company expects Q2 2025 adjusted EBITDA to be higher than Q1 2025; the convertible notes with $5.5 million outstanding are expected to be settled in cash in Q2 2025
Lyft reported first-quarter 2025 revenue of $1.5 billion, up 14% from a year earlier, and net income of $2.6 million, compared with a net loss of $31.5 million in the first quarter of 2024. Its board also raised the share repurchase authorization by $250 million to a total of $750 million, and the company guided to second-quarter Gross Bookings of $4.41 billion to $4.57 billion.
Revenue of $1.5 billion, up 14% year over year; Gross Bookings of $4.2 billion, up 13%
Net income of $2.6 million versus a net loss of $31.5 million in Q1 2024
Adjusted EBITDA of $106.5 million versus $59.4 million; free cash flow of $280.7 million versus $127.1 million
Repurchase authorization increased by $250 million to $750 million; the company intends to use $500 million within 12 months
BILL reported fiscal third-quarter 2025 results for the period ended March 31, 2025, with total revenue up 11% year over year to $358.2 million. Profit measures moved the other way: the company posted a GAAP net loss of $11.6 million, compared with net income of $31.8 million a year earlier, and non-GAAP operating income fell 9% to $53.3 million, so shareholders see revenue growth alongside lower profit.
Total revenue $358.2 million, up 11%; core revenue $320.3 million, up 14%
GAAP net loss $11.6 million, or $(0.11) per share, versus net income of $31.8 million in the prior-year quarter
Non-GAAP operating income $53.3 million, down 9%; non-GAAP net income $58.7 million, or $0.50 per diluted share, versus $0.60
Fiscal Q4 2025 non-GAAP EPS guidance $0.39 to $0.43; full fiscal 2025 total revenue guidance $1,450.0 million to $1,460.0 million
MP Materials reported first-quarter 2025 revenue of $60.8 million, up 25% from a year earlier, driven by higher separated product sales and the start of magnetic precursor sales. The company posted a net loss of $22.6 million, compared with net income of $16.5 million a year earlier, which included a $46.3 million non-cash gain on debt extinguishment. For shareholders, higher sales were offset by larger losses on both GAAP and adjusted measures.
Total revenue rose 25% year over year to $60.8 million, with Materials segment revenue up 14% to $55.6 million.
Net loss was $22.6 million, or $(0.14) per diluted share, versus net income of $16.5 million, or $(0.08) per diluted share, a year earlier.
Adjusted EBITDA was a loss of $2.7 million, compared with a loss of $1.2 million in the prior-year quarter.
The Magnetics segment reported its first revenue of $5.2 million, and the company received a third $50 million customer prepayment on April 1, 2025.
Vestis Corporation said its Executive Vice President and Chief Human Resources Officer, Angie Kervin, has resigned from her positions effective May 16, 2025, to pursue another opportunity. The filing states the resignation was not due to any disagreement with the company on its operations, policies or practices.
Angie Kervin, EVP and Chief Human Resources Officer, gave notice on May 8, 2025
Resignation is effective May 16, 2025
Company states the departure was a personal decision, not a disagreement over operations, policies or practices
BioLife Solutions reported unaudited first-quarter 2025 results, with total revenue of $23.9 million, up 30% from $18.4 million a year earlier. The GAAP net loss from continuing operations narrowed to $0.4 million from $3.2 million, and the company affirmed its 2025 revenue guidance of $95.5 million to $99.0 million.
Q1 2025 total revenue was $23.9 million, up $5.5 million or 30% year over year; Cell Processing revenue rose 33% to $21.6 million.
GAAP net loss from continuing operations was $0.4 million, or $0.01 per share, versus $3.2 million, or $0.07 per share, in Q1 2024.
Adjusted EBITDA was $5.7 million, or 24% of revenue, compared with $2.6 million, or 14%, a year earlier.
The company affirmed 2025 revenue guidance of $95.5 million to $99.0 million, and cash, cash equivalents and marketable securities were $107.6 million as of March 31, 2025.
Pursuit Attractions and Hospitality reported first-quarter 2025 results on May 8, 2025, with revenue up 0.9% to $37.6 million. The net loss attributable to Pursuit widened to $31.1 million from $25.1 million, and adjusted EBITDA was negative $17.5 million versus negative $14.6 million a year earlier. The company reaffirmed its full-year 2025 guidance of Adjusted EBITDA of $98 million to $108 million, so shareholders saw higher revenue alongside wider losses.
Revenue was $37.6 million, up $0.3 million (0.9%) from $37.2 million in the first quarter of 2024.
Net loss attributable to Pursuit was $31.1 million, compared with $25.1 million a year earlier; diluted loss per share was $1.11 versus $1.29.
Adjusted EBITDA was negative $17.5 million, compared with negative $14.6 million, with transaction-related costs of $4.9 million cited in SG&A.
Full-year 2025 guidance was reaffirmed: Adjusted EBITDA of $98 million to $108 million and revenue up low-double digits.
Western Digital's board appointed Kris Sennesael as executive vice president and chief financial officer, effective May 12, 2025, and he will become the principal financial officer on that date. He will report to CEO Irving Tan and lead the global finance organization, and his pay package includes a $10,000,000 sign-on equity award that vests through 2028.
Sennesael was CFO of Skyworks Solutions from 2016 to May 2025, and previously was CFO of Enphase Energy and Standard Microsystems.
Annual base salary of $715,000, with a target short-term bonus of 100% of base salary and a $2,000,000 signing bonus subject to repayment if he leaves before the two-year anniversary of payment.
Sign-on equity award with a grant date value of $10,000,000, 80% in RSUs and 20% in PSUs; RSUs vest from November 2025 through May 2028.
CarGurus reported first quarter 2025 results for the period ended March 31, 2025, with total revenue of $225.2 million, up 4% from a year earlier, and GAAP net income of $39.0 million, up 83%. Marketplace revenue grew 13%, while wholesale and product revenue fell 52% and 58%, and the company repurchased $184.2 million of its shares during the quarter. The company also issued second quarter 2025 guidance for total revenue of $222.0 million to $242.0 million and non-GAAP earnings per share of $0.52 to $0.58.
Total revenue was $225.2 million, up 4% year over year; Marketplace revenue was $212.2 million, up 13%
GAAP net income was $39.0 million, up 83%, and diluted earnings per share were $0.37 versus $0.20 a year earlier
Non-GAAP Adjusted EBITDA was $66.3 million, up 32%, with a 29% margin
Second quarter 2025 guidance: total revenue of $222.0 million to $242.0 million and non-GAAP earnings per share of $0.52 to $0.58
Fox Factory reported first-quarter fiscal 2025 net sales of $355 million, up 6.5% from a year earlier, but a $262.1 million goodwill impairment drove a net loss attributable to stockholders of $259.7 million, or $6.23 per diluted share. Adjusted earnings per diluted share fell to $0.23 from $0.29, and the company reaffirmed its full-year 2025 guidance while giving a second-quarter outlook.
Net sales rose $22 million, or 6.5%, to $355.0 million; the company cited tariff-related uncertainty and challenging end-market demand.
The goodwill impairment followed adverse U.S. tariff policy changes and a sustained decline in the stock price; goodwill fell to $377.2 million from $639.5 million.
Second-quarter guidance calls for net sales of $340 million to $360 million and adjusted earnings per diluted share of $0.32 to $0.62.
For fiscal 2025, the company reaffirmed net sales of $1.385 billion to $1.485 billion and adjusted earnings per diluted share of $1.60 to $2.60.
OUTFRONT Media reported first-quarter 2025 revenue of $390.7 million, down 4.4% from the prior-year period, while its net loss attributable to the company narrowed to $20.6 million from $27.2 million. The company also declared a quarterly cash dividend of $0.30 per share, which shareholders of record on June 6, 2025 will receive on June 30, 2025.
Reported revenues of $390.7 million decreased $17.8 million, or 4.4%, from $408.5 million; organic revenues rose 0.2%
Net loss attributable to OUTFRONT Media Inc. was $20.6 million, or $0.14 per diluted share, versus $27.2 million, or $0.18 per share, a year earlier
Adjusted OIBDA was $64.2 million, down from $66.5 million; AFFO attributable to the company was $23.9 million, up from $23.2 million
Quarterly dividend of $0.30 per share payable June 30, 2025, to holders of record at the close of business on June 6, 2025
Host Hotels & Resorts, L.P. agreed to sell $500 million of 5.700% Series M senior notes due 2032 and expects about $490 million in net proceeds. It will use those proceeds with cash on hand to redeem all $500 million of its Series E senior notes due 2025 on May 22, 2025, at 100% of principal plus accrued interest.
Underwriting agreement dated May 6, 2025 with Morgan Stanley, BofA Securities and J.P. Morgan as representatives
$500 million of 5.700% Series M senior notes due 2032; estimated net proceeds of about $490 million
Series E senior notes due 2025 to be redeemed on May 22, 2025 at 100.000% of principal plus accrued and unpaid interest
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.