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8-K filings in May 2025, explained

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).

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Take-Two posts $3.73 billion Q4 net loss on $3.55 billion goodwill impairment

Mixed earnings Written later 2.02

Take-Two Interactive reported fourth-quarter fiscal 2025 GAAP net revenue up 13% to $1.58 billion, but a GAAP net loss of $3.73 billion, or $21.08 per share, driven by a $3.55 billion goodwill impairment. For the full fiscal year, net revenue rose 5% to $5.63 billion while the net loss widened to $4.48 billion. The initial fiscal 2026 Net Bookings outlook is $5.9 to $6.0 billion, and the company expects a GAAP net loss per share of $(2.79) to $(2.45).

  • Q4 net revenue rose 13% to $1.58 billion from $1.40 billion; Net Bookings grew 17% to $1.58 billion
  • Q4 GAAP net loss was $3.73 billion ($21.08 per share), versus $2.90 billion ($17.02 per share) a year earlier
  • Full-year GAAP net loss was $4.48 billion ($25.58 per share), versus $3.74 billion ($22.01 per share); goodwill impairment was $3.55 billion
  • Fiscal 2026 outlook: Net Bookings of $5.9 to $6.0 billion and GAAP total net revenue of $5,950 to $6,050 million
Read the filing on SEC.gov ↗

ADS fourth-quarter net income fell 19.6% to $76.8 million; sales down 5.8%

Mixed earnings Written later 2.027.018.01

Advanced Drainage Systems (NYSE: WMS) reported unaudited results for the fourth quarter and fiscal year ended March 31, 2025, with fourth-quarter net sales down 5.8% and net income down 19.6%, while full-year net sales rose 1.0% but net income fell 11.8%. The company also gave fiscal 2026 targets of $2.825 billion to $2.975 billion in net sales and $850 million to $910 million in Adjusted EBITDA, and declared a $0.18 per share cash dividend.

  • Q4 net sales fell 5.8% to $615.8 million; diluted EPS was $0.99, down 18.2% from $1.21.
  • Fiscal 2025 net sales rose 1.0% to $2,904.2 million; diluted EPS fell 10.7% to $5.76.
  • Fiscal 2026 targets: net sales of $2.825 billion to $2.975 billion; Adjusted EBITDA of $850 million to $910 million.
  • Board declared a $0.18 per share cash dividend, payable June 16, 2025, to holders of record on May 30, 2025.
Read the filing on SEC.gov ↗
DKSDICK'S SPORTING GOODS, INC. May 15, 6:32 AM ET

DICK'S Sporting Goods agrees to buy Foot Locker in $2.4 billion deal

Mixed m&a Written later 2.028.01

DICK'S Sporting Goods agreed to acquire Foot Locker in a deal implying an equity value of about $2.4 billion and an enterprise value of about $2.5 billion, expected to close in the second half of 2025. The same day, DICK'S reported preliminary first-quarter 2025 results, with comparable sales up 4.5% and GAAP diluted EPS of $3.24, which the filing says remain subject to revision.

  • Foot Locker shareholders can elect $24.00 in cash or 0.1168 DICK'S shares for each Foot Locker share, with no minimum or maximum on either form of consideration.
  • DICK'S intends to finance the acquisition through cash-on-hand and new debt; Goldman Sachs provided fully committed bridge financing.
  • Preliminary Q1 2025 (quarter ended May 3, 2025): comparable sales growth of 4.5%; GAAP EPS $3.24, non-GAAP EPS $3.37 excluding $0.13 of investment losses.
  • The deal requires Foot Locker shareholder approval and regulatory approvals; the full Q1 results are scheduled for May 28, 2025.
Read the filing on SEC.gov ↗

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.