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).
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.
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
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
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.
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.
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
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
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.
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
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.
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.
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
Dropbox reported first-quarter 2025 results for the quarter ended March 31, 2025, with revenue of $624.7 million, down 1.0% from a year earlier. GAAP diluted earnings per share rose to $0.51 from $0.39, helped by lower stock-based compensation, but the filing does not include forward guidance, which the company said would be given on its conference call.
Revenue of $624.7 million, down 1.0% year over year; down 0.6% on a constant currency basis
GAAP diluted EPS of $0.51 versus $0.39; non-GAAP diluted EPS of $0.70 versus $0.58
Total ARR of $2.552 billion, down 0.2% year over year; paying users of 18.16 million, flat
Cash paid for lease termination of $36.0 million and workforce reduction outflow of $10.2 million in the quarter
DoubleVerify reported first-quarter 2025 revenue of $165.1 million, up 17% from a year earlier, with activation revenue up 20% and supply-side revenue up 35%. Net income fell to $2.4 million from $7.2 million, and adjusted EBITDA rose to $44.7 million from $38.1 million, so revenue growth and GAAP profit moved in opposite directions. The company also guided second-quarter revenue to $169 million to $173 million and full-year 2025 revenue growth to approximately 10%.
Q1 2025 revenue was $165.1 million, up 17%; net income was $2.4 million versus $7.2 million a year earlier, and diluted EPS was $0.01 versus $0.04.
Adjusted EBITDA was $44.7 million, a 27% margin, compared with $38.1 million and 27% a year earlier.
Second-quarter 2025 guidance: revenue of $169 million to $173 million and adjusted EBITDA of $48 million to $52 million.
Acquired Rockerbox, Inc. on March 13, 2025, for $82.6 million, net of cash acquired; $140.0 million remained under the $200.0 million New Repurchase Program as of March 31, 2025.
CleanSpark reported results for the fiscal second quarter ended March 31, 2025. Revenue rose 62.5% year over year to $181.7 million, but the company posted a net loss of $138.8 million, or $0.49 per basic share, compared with net income of $126.7 million, or $0.59 per share, a year earlier. The filing attributes much of the swing to a $127.7 million loss on the fair value of bitcoin, and adjusted EBITDA fell to a loss of $57.8 million from $181.8 million.
Quarterly revenue was $181.7 million, up $69.9 million, or 62.5%, from $111.8 million a year earlier.
Net loss was $138.8 million, or $0.49 per basic share, versus net income of $126.7 million, or $0.59 per share, in the prior-year quarter.
Loss on fair value of bitcoin was $127.7 million in the quarter, compared with a $119.7 million gain a year earlier.
As of March 31, 2025, cash was $97.0 million, bitcoin holdings were $979.6 million, and total long-term debt was $641.7 million.
Pacira BioSciences reported first quarter 2025 total revenues of $168.9 million, up from $167.1 million a year earlier, while GAAP net income fell to $4.8 million, or $0.10 per share, from $9.0 million, or $0.19 per share. The company reiterated its full-year 2025 revenue guidance of $725 million to $765 million, so shareholders see higher sales alongside lower reported profit.
Total revenues were $168.9 million versus $167.1 million a year earlier, with EXPAREL net product sales of $136.5 million versus $132.4 million.
GAAP net income was $4.8 million, or $0.10 per share, compared with $9.0 million, or $0.19 per share, in the first quarter of 2024.
Adjusted EBITDA was $44.1 million versus $44.6 million, and non-GAAP net income was $30.0 million versus $31.1 million.
Full-year 2025 total revenue guidance of $725 million to $765 million was reiterated, and the company cited a $300 million stock buyback program.
Hub Group reported first quarter 2025 results on May 8, 2025. Revenue fell 8% from a year earlier, while diluted earnings per share held at $0.44 and operating margin rose 40 basis points to 4.1%. The company also gave 2025 guidance of $1.75 to $2.25 in diluted EPS and $3.6 billion to $4.0 billion in revenue.
Q1 2025 revenue was $915 million, down 8% from $999 million in Q1 2024, as lower intermodal and brokerage revenue per unit and lower fuel revenue offset 8% intermodal volume growth.
Diluted EPS was $0.44, the same as the prior year, and net income was $27 million.
Operating income was $37 million, or 4.1% of revenue, versus 3.7% a year earlier.
2025 outlook calls for diluted EPS of $1.75 to $2.25 and revenue of about $3.6 billion to $4.0 billion; the filing does not compare this with prior guidance.
Akamai reported first-quarter 2025 revenue of $1.015 billion, up 3% from a year earlier, while GAAP net income per diluted share fell 26% to $0.82. The company gave second-quarter revenue guidance of $1.012 billion to $1.032 billion and full-year 2025 revenue guidance of $4.050 billion to $4.200 billion, and it spent $500 million repurchasing 6.2 million shares.
Revenue was $1.015 billion, up 3% from $987 million; security revenue rose 8% to $531 million while delivery revenue fell 9%.
GAAP net income per diluted share was $0.82, down 26%; non-GAAP net income per diluted share was $1.70, up 4%.
Full-year 2025 guidance: revenue of $4.050 billion to $4.200 billion and non-GAAP net income per diluted share of $6.10 to $6.40.
Akamai repurchased 6.2 million shares for $500 million in the first quarter at an average price of $81.19.
Expedia Group reported first-quarter 2025 revenue of $2.99 billion, up 3% year over year, and a GAAP net loss attributable to the company of $200 million, compared with $135 million a year earlier. Adjusted EPS rose 90% to $0.40, and the company repurchased $330 million of its shares, while its board declared a $0.40 quarterly dividend.
Revenue of $2.99 billion, up 3% year over year; gross bookings of $31.45 billion, up 4%
Net loss attributable to Expedia Group of $200 million, or $1.56 per diluted share, versus $135 million, or $0.99 per share, a year earlier
Adjusted EPS of $0.40, up 90% from $0.21 a year earlier
Quarterly dividend of $0.40 per share, payable June 18, 2025 to holders of record as of May 29, 2025
Collegium reported first-quarter 2025 product revenues, net of $177.8 million, up 23% from a year earlier, and reaffirmed its full-year 2025 guidance. GAAP net income fell to $2.4 million from $27.7 million, while adjusted earnings per share rose to $1.49 from $1.45, so shareholders face higher revenue alongside a sharp drop in reported profit. The board also authorized a $25.0 million accelerated share repurchase program.
Product revenues, net rose 23% to $177.8 million from $144.9 million in the first quarter of 2024.
GAAP net income was $2.4 million, or $0.07 diluted EPS, versus $27.7 million, or $0.71, a year earlier; intangible asset amortization and impairment was $55.5 million.
Adjusted EPS was $1.49 versus $1.45, and adjusted EBITDA was $95.2 million versus $92.4 million.
The company reaffirmed 2025 product revenues, net guidance of $735.0 million to $750.0 million and authorized a $25.0 million accelerated share repurchase.
ScanSource reported fiscal third-quarter 2025 net sales of $704.8 million, down 6.3% year over year, while GAAP diluted EPS rose to $0.74 from $0.50. The company replaced its fiscal 2025 outlook, now expecting net sales of approximately $3 billion and adjusted EBITDA of $140 million to $145 million, and announced a new $200 million share repurchase authorization.
Q3 net sales were $704.8 million, down 6.3%; GAAP net income was $17.4 million, or $0.74 per diluted share, versus $0.50 a year earlier
Non-GAAP diluted EPS was $0.86, up 24.6%; adjusted EBITDA rose 5.9% to $35.1 million
FY25 outlook: net sales of approximately $3 billion (prior $3.1 billion to $3.5 billion); adjusted EBITDA of $140 million to $145 million (prior $140 million to $160 million); free cash flow at least $70 million, unchanged
Board approved a new $200 million buyback; about $42 million remained under the existing authorization as of March 31, 2025
Choice Hotels reported first-quarter 2025 net income of $44.5 million, up 44% from a year earlier, with diluted EPS of $0.94 versus $0.62. The company also lowered its full-year 2025 outlook, including net income guidance of $275 million to $290 million, down from $288 million to $300 million, and domestic RevPAR growth of -1% to 1%, down from 1% to 2%.
Q1 2025 total revenues were $333 million, compared with $332 million in Q1 2024.
Adjusted diluted EPS was $1.34, up 5% from $1.28, which the company called a first-quarter record.
Full-year 2025 adjusted diluted EPS guidance is $6.90 to $7.22, down from $6.98 to $7.24.
Management cited a more moderate domestic RevPAR growth expectation amid a changing macro backdrop.
Vericel reported first-quarter 2025 total revenue of $52.6 million, up from $51.3 million a year earlier, but its net loss widened to $11.2 million, or $0.23 per diluted share, from $3.9 million, or $0.08 per share. The company raised its full-year profitability guidance to a 74% gross margin and 26% adjusted EBITDA margin while reaffirming full-year revenue growth of 20% to 23%.
Q1 2025 total revenue of $52.6 million versus $51.3 million in Q1 2024; MACI net revenue of $46.3 million
Net loss of $11.2 million, or $0.23 per diluted share, versus a net loss of $3.9 million, or $0.08 per share, a year earlier
Full-year profitability guidance raised to 74% gross margin and 26% adjusted EBITDA margin
Second-quarter total revenue growth expected to be 22% to 25%; full-year revenue growth guidance of 20% to 23% reaffirmed
Maplebear Inc. (Instacart) said CEO Fidji Simo notified the company on May 7, 2025, of her intent to resign as CEO to pursue another opportunity, with the resignation date still to be determined. She will remain Board Chair, and the company says a new CEO will be announced soon. The company also reaffirmed its second quarter and fiscal 2025 financial outlook given on May 1, 2025.
CEO Fidji Simo notified the company on May 7, 2025, of her intent to resign as CEO.
The date of her resignation as CEO has not yet been determined.
Simo will continue as Chair of the Board of Directors.
The company reaffirmed its second quarter and fiscal 2025 outlook first given on its May 1, 2025 earnings call.
Viatris reported first quarter 2025 total revenues of $3.3 billion, down 11% from a year earlier, and a U.S. GAAP net loss of $3.0 billion, driven by a non-cash goodwill impairment charge of $2.9 billion. Adjusted EPS was $0.50, down 25%, and the company reaffirmed its 2025 outlook, including adjusted EPS guidance of $2.16 to $2.30. The filing also says the company has returned more than $450 million to shareholders year to date.
Total revenues $3.3 billion (down 11% reported; down 2% divestiture-adjusted operational basis); Indore Impact estimated at approximately $140 million in the quarter
U.S. GAAP net loss $(3.0) billion, or $(2.55) per share, versus net earnings of $114 million, or $0.09 per share, a year earlier
Adjusted EPS $0.50 versus $0.67 a year earlier; adjusted EBITDA $923.5 million, down 23%
2025 guidance reaffirmed; share repurchases of $500 million to $650 million expected in 2025
NetScout reported fourth-quarter fiscal 2025 revenue of $205.0 million, up from $203.4 million a year earlier, and GAAP net income of $18.6 million. For the full year, revenue fell to $822.7 million from $829.5 million, and the company posted a GAAP net loss of $366.9 million that includes $427.0 million in goodwill charges. Its CFO and COO are retiring effective May 31, 2025, with named successors starting June 1, 2025.
Q4 fiscal 2025 revenue was $205.0 million versus $203.4 million a year earlier; GAAP net income was $18.6 million, or $0.25 per diluted share, compared with a net loss of $32.4 million.
Fiscal 2025 revenue was $822.7 million versus $829.5 million; GAAP net loss was $366.9 million, or $(5.12) per diluted share, including goodwill charges of $427.0 million.
Fiscal 2026 outlook calls for revenue of $825 million to $865 million and GAAP diluted EPS of $1.07 to $1.22.
CFO Jean Bua and COO Michael Szabados step down effective May 31, 2025; Anthony Piazza becomes CFO and Sanjay Munshi becomes COO effective June 1, 2025.
Cogent reported first-quarter 2025 service revenue of $247.0 million, down 2.1% from the fourth quarter of 2024 and 7.2% from the first quarter of 2024. The net loss was $52.0 million, or $1.09 per share, compared with a $0.91 per share loss in the fourth quarter and a $1.38 per share loss a year earlier, and the Board approved a quarterly dividend of $1.01 per share, up $0.005.
Service revenue was $247.0 million, down 2.1% sequentially and 7.2% year over year.
Net loss was $52.0 million, or $(1.09) per share, versus $(0.91) in Q4 2024 and $(1.38) in Q1 2024.
EBITDA rose 4.6% sequentially to $43.8 million; IPv4 address leasing revenue was $14.4 million, up 14.8% from Q4 2024.
Q2 2025 regular dividend of $1.01 per share is payable June 6, 2025 to holders of record on May 22, 2025.
Dave Inc. reported first quarter 2025 results on May 8, 2025, with revenue up 47% to $108.0 million and Adjusted EBITDA up 235% to $44.2 million. GAAP net income fell to $28.8 million from $34.2 million, a year-earlier period that included a $33.4 million gain on extinguishment of convertible debt. The company raised its full-year 2025 revenue and Adjusted EBITDA guidance and authorized a $50 million share repurchase program.
Q1 2025 GAAP operating revenues of $108.0 million, up from $73.6 million in Q1 2024
GAAP net income of $28.8 million, down from $34.2 million; the prior-year period included a $33.4 million gain on extinguishment of convertible debt
Adjusted EBITDA of $44.2 million, up 235% from $13.2 million a year earlier
2025 revenue guidance raised to $460-$475 million from $415-$435 million; Adjusted EBITDA guidance raised to $155-$165 million from $110-$120 million
N-able reported first-quarter 2025 revenue of $118.2 million, up 3.9% year over year, and beat the high end of its first-quarter revenue and adjusted EBITDA guidance. It raised the midpoint of its full-year 2025 revenue outlook to $494.5 million from $489.5 million, but swung to a GAAP net loss of $7.2 million, or $(0.04) per diluted share, from net income of $7.5 million a year earlier.
Q1 2025 total revenue $118.2 million, up 3.9% year over year; GAAP net loss $7.2 million versus net income of $7.5 million in Q1 2024
Adjusted EBITDA $31.6 million, a 26.8% margin; non-GAAP net income $15.6 million, or $0.08 per diluted share
Full-year 2025 revenue midpoint raised to $494.5 million from $489.5 million; range $492 million to $497 million
Board approved a share repurchase program of up to $75 million of common stock
Ligand reported first quarter 2025 total revenues and other income of $45.3 million, up 46% from $31.0 million a year earlier, driven by higher royalty and Captisol revenue. The company posted a GAAP net loss of $42.5 million, or $2.21 per share, compared with GAAP net income of $86.1 million, or $4.75 per diluted share, a year earlier, mainly due to a $44.3 million one-time charge tied to the Castle Creek royalty financing. Ligand reaffirmed its 2025 guidance of $180 million to $200 million in total revenue and adjusted earnings per diluted share of approximately $6.00 to $6.25.
Total revenues and other income were $45.3 million, up from $31.0 million; royalties were $27.5 million and Captisol sales were $13.5 million
GAAP net loss was $42.5 million, or $2.21 per share, versus GAAP net income of $86.1 million, or $4.75 per diluted share, in Q1 2024
Core adjusted net income was $26.6 million, or $1.33 per diluted share, compared with $1.20 per diluted share a year earlier
Ligand reaffirmed 2025 total revenue guidance of $180 million to $200 million and adjusted EPS guidance of $6.00 to $6.25
Allegro MicroSystems reported fourth-quarter fiscal 2025 net sales of $192.8 million, up 8% from the prior quarter but down 20% from a year earlier, with a GAAP net loss attributable to the company of $14.8 million. For the full fiscal year, net sales fell 31% to $725.0 million and the company posted a net loss of $73.0 million, compared with net income of $152.7 million the year before. It guided first-quarter fiscal 2026 net sales to $192 million to $202 million, which it said implies 18% year-over-year growth at the midpoint.
Q4 fiscal 2025 net sales were $192.8 million, down 20% from $240.6 million a year earlier; GAAP diluted loss was $0.08 per share versus $0.04 a year earlier
Fiscal 2025 net sales were $725.0 million, down 31% from $1,049.4 million; GAAP diluted loss was $0.39 per share versus diluted EPS of $0.78 a year earlier
Q1 fiscal 2026 guidance: net sales of $192 million to $202 million and non-GAAP diluted EPS of $0.06 to $0.10
The company made a $25 million voluntary debt payment on April 30, 2025
Crocs reported first-quarter 2025 revenue of $937 million, roughly flat from a year earlier, and GAAP diluted earnings per share of $2.83, up from $2.50. The company withdrew its full-year 2025 financial outlook, citing macroeconomic uncertainty from global trade policies, so shareholders no longer have company guidance for the year.
Q1 2025 revenue was $937 million, down 0.1% as reported and up 1.4% on a constant currency basis.
GAAP diluted EPS was $2.83 versus $2.50; adjusted diluted EPS was $3.00, approximately flat.
The full-year 2025 outlook provided on February 13, 2025 was withdrawn, with no replacement outlook given.
Crocs repurchased about 0.6 million shares for $61 million in the quarter, with about $1.3 billion of authorization remaining.
Valvoline reported fiscal second-quarter sales of $403 million, up 4%, while reported earnings per diluted share fell 9% to $0.30 and income from continuing operations fell 12% to $38 million. The company reiterated its fiscal 2025 guidance and said it named J. Kevin Willis as Chief Financial Officer, effective May 19, 2025, which shareholders may watch as the finance leadership changes.
Net revenues of $403.2 million rose 4% (11% excluding the impact of refranchising); reported EPS of $0.30 fell 9%
Adjusted EPS of $0.34 decreased 8%; adjusted EBITDA of $104 million declined 1%
Company reiterated fiscal 2025 guidance, including a target of 160 to 185 new store additions
J. Kevin Willis to become CFO effective May 19, 2025, with a base salary of $650,000; he succeeds Mary Meixelsperger, who is retiring
Core Natural Resources reported a first-quarter 2025 net loss of $69.3 million, or $1.38 per diluted share, on revenues of $1,017.4 million and adjusted EBITDA of $123.5 million. The loss included $49.2 million of merger-related expenses and an $11.7 million loss on debt extinguishment. The company repurchased $101.3 million of stock and raised its synergy target, while the Leer South longwall remains on track to resume operations mid-year.
Net loss of $69.3 million, or $1.38 per diluted share, including $49.2 million of merger-related expenses and an $11.7 million loss on debt extinguishment
Revenues of $1,017.4 million and adjusted EBITDA of $123.5 million for the first quarter
Repurchased 1.4 million shares for $101.3 million at an average price of $73.52; quarterly dividend of $0.10 per share payable June 13, 2025 to holders of record May 30, 2025
Merger synergy target raised 10 percent at the midpoint to $125 million to $150 million per year; 2025 guidance affirmed or enhanced
Papa John's reported first quarter 2025 results on May 8, 2025, with total revenues up 0.9% to $518.3 million while net income fell to $9.3 million from $14.9 million. The company reiterated its 2025 annual guidance, including adjusted EBITDA of $200 million to $220 million, so shareholders see higher sales offset by lower profit with no change to the outlook.
Total revenues were $518.3 million, up $4.4 million, or 0.9%, from the prior year quarter.
Net income was $9.3 million versus $14.9 million, and diluted EPS was $0.27 versus $0.44.
Adjusted EBITDA was $49.6 million versus $60.6 million; adjusted diluted EPS was $0.36 versus $0.67.
The company reiterated 2025 adjusted EBITDA guidance of $200 million to $220 million.
Peloton reported fiscal third-quarter 2025 results for the quarter ended March 31, 2025. Total revenue fell 13% year-over-year to $624.0 million, while the GAAP net loss narrowed to $47.7 million from $167.3 million a year earlier and Adjusted EBITDA rose to $89.4 million. The company raised its full-year FY25 Adjusted EBITDA guidance to $330 million to $350 million and its Total Revenue guidance to $2.455 billion to $2.470 billion.
Total revenue was $624.0 million, down 13% year-over-year, with Connected Fitness Products Revenue down 27% to $205.5 million.
GAAP net loss was $47.7 million, compared with $167.3 million in the same quarter last year.
Adjusted EBITDA was $89.4 million, and the company reported $94.7 million of Free Cash Flow in the quarter.
FY25 guidance: Adjusted EBITDA raised to $330 million to $350 million; Total Revenue raised to $2.455 billion to $2.470 billion; Total Gross Margin held at 50.0%.
Liquidia reported first quarter 2025 results, with revenue of $3.1 million, up from $3.0 million a year earlier, while its net loss widened to $38.4 million, or $0.45 per share, from $30.1 million, or $0.40 per share. The company said it is awaiting FDA action on its YUTREPIA NDA, with a PDUFA goal date of May 24, 2025, and that it can access up to $100 million under its HealthCare Royalty financing agreement.
Revenue was $3.1 million for the quarter ended March 31, 2025, compared with $3.0 million a year earlier, mainly from the Sandoz promotion agreement.
Net loss was $38.4 million, or $0.45 per basic and diluted share, versus a net loss of $30.1 million, or $0.40 per share, in the prior-year quarter.
General and administrative expenses rose to $30.1 million from $20.2 million, while research and development expenses fell to $7.0 million from $10.1 million.
Cash and cash equivalents totaled $169.8 million as of March 31, 2025, compared with $176.5 million as of December 31, 2024.
Somnigroup reported first quarter 2025 net sales of $1,604.7 million, up 34.9%, driven largely by the February 5, 2025 Mattress Firm acquisition. The company swung to a net loss of $33.1 million, or $0.17 per diluted share, from net income of $76.3 million, or $0.43 per share, a year earlier, and revised its full-year 2025 adjusted EPS expectations to a range of $2.30 to $2.65.
Q1 net sales rose 34.9% to $1,604.7 million, including $593.7 million from Mattress Firm for the February 5 to March 31 stub period.
Net loss was $33.1 million (loss of $0.17 per diluted share) versus net income of $76.3 million ($0.43 per share) in Q1 2024; operating income fell to $13.2 million from $131.5 million.
Adjusted EPS was $0.49 versus $0.50 a year earlier; the company revised its full-year 2025 adjusted EPS range to $2.30 to $2.65.
Board declared a quarterly cash dividend of $0.15 per share, payable June 5, 2025, to holders of record on May 22, 2025.
NCR Voyix reported first quarter 2025 revenue of $617 million, down from $710 million a year earlier, while its net loss from continuing operations narrowed to $20 million and adjusted EBITDA rose to $75 million. The company maintained its full-year 2025 outlook and raised its share repurchase authority to $200 million, so shareholders see lower sales alongside improved profit measures.
Revenue was $617 million versus $710 million in the prior-year quarter; Software & Services Revenue was $479 million versus $515 million.
Net loss from continuing operations attributable to NCR Voyix was $20 million versus $71 million; non-GAAP diluted EPS was $0.09 versus $(0.15).
Full-year 2025 outlook was maintained, including total revenue of $2,575 million to $2,650 million and adjusted EBITDA of $420 million to $445 million.
On May 6, 2025, the board raised total share repurchase authority to $200 million and allowed repurchases of Series A preferred stock.
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