1,024 material Form 8-K filings that 799 companies we cover made with the SEC in August 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).
EPAM reported second-quarter 2025 revenue of $1.353 billion, up 18.0% year over year, and raised its full-year 2025 revenue growth outlook to 13.0% to 15.0%. GAAP diluted earnings per share fell 8.2% to $1.56, while non-GAAP diluted EPS rose 13.1% to $2.77, so shareholders see higher sales and a raised revenue outlook alongside lower GAAP profit per share.
Q2 2025 revenue was $1.353 billion, up 18.0%; organic constant currency revenue rose 5.3%.
GAAP diluted EPS was $1.56, down from $1.70 (down 8.2%); non-GAAP diluted EPS was $2.77, up 13.1% from $2.45.
Full-year 2025 revenue growth outlook raised to 13.0% to 15.0%; organic constant currency growth outlook is 3.0% to 5.0%.
Third-quarter 2025 revenue is expected in the range of $1.365 billion to $1.380 billion.
LifeStance Health Group reported second-quarter 2025 revenue of $345.3 million, up 11% from a year earlier, and a net loss of $3.8 million, narrowed from $23.3 million. The company reiterated its full-year 2025 revenue outlook of $1.40 billion to $1.44 billion and raised its full-year Adjusted EBITDA and Center Margin expectations.
Q2 revenue was $345.3 million, up 11% from $312.3 million; visit volumes rose 12% to 2.2 million.
Net loss was $3.8 million versus $23.3 million a year earlier; Adjusted EBITDA rose 19% to $34.0 million.
Full-year 2025 Adjusted EBITDA raised to $140 million to $150 million; Center Margin raised to $441 million to $465 million.
Third-quarter 2025 revenue is expected at $345 million to $365 million.
Talos Energy reported second-quarter 2025 results on August 6, 2025, with a net loss of $185.9 million that included a $223.9 million non-cash impairment charge. The company also improved its full-year 2025 guidance, citing higher production, lower operating expenses and lower capital expenditures, and reported $357.3 million of cash at June 30, 2025.
Net loss of $185.9 million, or $1.05 per diluted share, including a $223.9 million non-cash ceiling test impairment; adjusted net loss of $48.3 million, or $0.27 per share
Total revenues of $424.7 million, Adjusted EBITDA of $294.2 million and net cash from operating activities of $351.6 million for the quarter
Full-year 2025 production guidance revised to 91.0 to 95.0 MBoe/d from 90.0 to 95.0 MBoe/d; cash operating expenses and workovers guidance lowered to $555 million to $585 million
Repurchased 3.8 million shares for $32.6 million in the quarter; net debt of $892.7 million and net debt to LTM Adjusted EBITDA of 0.7x at June 30, 2025
Royal Gold reported second-quarter 2025 net income of $132.3 million, or $2.01 per share, up from $81.2 million, or $1.23 per share, a year earlier, on revenue of $209.6 million versus $174.1 million. Operating cash flow was $152.8 million. The company also has pending agreements to acquire Sandstorm Gold and Horizon Copper, which it expects to close in the fourth quarter of 2025, and it completed the $1.0 billion Kansanshi gold stream advance after the quarter ended.
Revenue of $209.6 million versus $174.1 million in the year-earlier quarter, at an average gold price of $3,280 per ounce
Net income of $132.3 million, or $2.01 per share, versus $81.2 million, or $1.23 per share, a year earlier
Sandstorm Transaction equity value of approximately $3.5 billion and Horizon Transaction equity value of approximately $196 million at signing, with closing expected in the fourth quarter of 2025
Quarterly dividend of $0.45 per share, a 12.5% increase over the prior year period
On July 31, 2025, Packaging Corporation of America entered two credit agreements: a Commercial Credit Agreement with a $500 million three-year term loan and a $600 million revolver, and a Farm Credit Agreement with a $500 million seven-year term loan. The term loans may only be used to complete the Greif Acquisition, which PCA expects to fully draw at closing, and the filing says the company's prior Mizuho credit agreement was terminated. The filing adds significant new borrowing tied to a pending acquisition, which shareholders should weigh against the company's leverage covenants.
Commercial Credit Agreement: $500 million three-year unsecured term loan and $600 million unsecured revolving credit facility
Farm Credit Agreement: $500 million seven-year unsecured term loan, with pricing based on PCA's Public Debt Rating
Term loan proceeds may only be used to complete the Greif Acquisition, and PCA expects to fully draw them at closing
Old Credit Agreement with Mizuho Bank, dated June 8, 2021, was terminated; it had no borrowings outstanding apart from about $27.5 million of letters of credit
Kodiak Gas Services reported second-quarter 2025 net income attributable to common shareholders of $39.5 million, up from $6.2 million a year earlier, with diluted EPS of $0.43. The company raised the low end of its full-year 2025 adjusted EBITDA guidance by $5 million and increased its share repurchase program by $100 million, with $115.0 million now available for repurchases.
Q2 2025 net income attributable to common shareholders was $39.5 million, versus $6.2 million in Q2 2024; diluted EPS was $0.43
Quarterly adjusted EBITDA was $178.2 million, up 15.5% from Q2 2024
Full-year 2025 adjusted EBITDA guidance is now $700 million to $725 million, with the low end raised $5 million
Share repurchase program increased by $100 million and extended to December 31, 2026; $115.0 million is available
Watts Water Technologies reported second quarter 2025 net sales of $644 million, up 8% on a reported basis and 6% organically, with diluted EPS of $3.01, up 23%. The company raised its full year 2025 sales and margin outlook, but first-half free cash flow fell to $105 million from $120 million a year earlier.
Q2 net sales $643.7 million, up 8% reported and 6% organic; operating margin 21.0%, up 230 basis points.
Diluted EPS $3.01 vs. $2.44 a year earlier, up 23%; adjusted diluted EPS $3.09, up 26%.
Full year 2025 reported sales growth now expected at 2% to 5%; operating margin expected at 17.2% to 17.8%.
First-half free cash flow $105 million vs. $120 million, reflecting higher working capital and tariff-related inventory costs.
Chord Energy reported a second-quarter 2025 net loss of $389.9 million, or $6.77 per diluted share, after a $539.3 million non-cash goodwill impairment that reduced goodwill to zero. Adjusted net income was $103.2 million ($1.79 per diluted share), down from $234.9 million in the second quarter of 2024, while the company raised its full-year 2025 oil production guidance and lowered its capital spending guidance, and declared a $1.30 per share base dividend.
Q2 2025 net loss of $389.9 million ($6.77 per diluted share); Adjusted EBITDA of $547.2 million versus $567.9 million in Q2 2024
Non-cash goodwill impairment charge of $539.3 million, reducing goodwill to zero as of June 30, 2025
FY25 oil production guidance raised 500 barrels per day at midpoint to 153.0 MBopd; E&P and other CapEx lowered $20 million to $1.35 billion at midpoint
Base dividend of $1.30 per share payable September 8, 2025; new $1 billion share repurchase program authorized
Coeur Mining reported record second quarter 2025 revenue of $481 million, up from $360 million in the first quarter, and GAAP net income from continuing operations of $71 million, or $0.11 per share. The company reaffirmed its full-year 2025 production and cost guidance and repaid the remaining $110 million on its revolving credit facility, and it has begun a $75 million share repurchase program. The results show a sharp improvement in profit and cash flow for shareholders.
Q2 2025 revenue of $481 million versus $360 million in Q1 2025 and $222 million in Q2 2024
GAAP net income from continuing operations of $71 million ($0.11 per share); adjusted net income of $127 million ($0.20 per share)
Free cash flow of $146 million; $110 million revolver balance repaid and net leverage ratio at 0.4x
$75 million share repurchase program announced May 27, 2025; 216,500 shares bought in Q2 at an average $9.24 per share
STERIS reported first-quarter fiscal 2026 revenue of $1.4 billion, up 9%, and diluted EPS from continuing operations of $1.79, up from $1.41 a year earlier. The company raised its fiscal 2026 reported revenue growth outlook to 8-9% from 6-7%, while its adjusted EPS outlook of $9.90 to $10.15 was unchanged, and CFO Michael J. Tokich is stepping down with Karen Burton taking over on August 18, 2025.
Q1 fiscal 2026 revenue was $1.4 billion, up 9% from $1.3 billion; diluted EPS from continuing operations was $1.79 versus $1.41, and adjusted EPS was $2.34 versus $2.03.
Fiscal 2026 reported revenue growth outlook raised to 8-9% from 6-7%, mainly due to about 200 basis points of expected favorable currency impact.
Adjusted EPS outlook unchanged at $9.90 to $10.15; estimated tariff impact on pre-tax profit increased to about $45 million from $30 million.
CFO Michael J. Tokich steps down; Karen Burton, currently Vice President and Chief Accounting Officer, becomes Senior Vice President and CFO effective August 18, 2025.
Corteva reported second-quarter 2025 net sales of $6.46 billion, up 6% from a year earlier, and GAAP earnings per share from continuing operations of $2.02, up from $1.51. The company raised its full-year 2025 guidance, citing a strong first half and expected second-half growth, which points to higher expected earnings for shareholders.
2Q net sales were $6.46 billion, up 6%; GAAP EPS from continuing operations was $2.02 versus $1.51 a year earlier.
2Q operating EPS was $2.20, up 20%, and operating EBITDA was $2.16 billion, up 13%.
Full-year 2025 operating EPS guidance is $3.00 to $3.20; net sales guidance is $17.6 billion to $17.8 billion.
The company expects to repurchase approximately $1 billion of shares during 2025.
Atmos Energy reported results for the fiscal 2025 third quarter ended June 30, 2025, and raised its fiscal 2025 earnings per diluted share guidance to $7.35-$7.45. The company also declared a quarterly dividend of $0.87 per share, an indicated annual dividend of $3.48 that is 8.1% higher than fiscal 2024, which matters to shareholders as a signal of higher expected earnings and continued dividend growth.
Fiscal year-to-date earnings were $6.40 per diluted share on net income of $1.0 billion.
Fiscal 2025 EPS guidance is $7.35-$7.45 per diluted share; fiscal 2025 capital expenditure guidance is about $3.7 billion.
Quarterly dividend of $0.87 per common share; indicated fiscal 2025 annual dividend of $3.48, up 8.1% over fiscal 2024.
Conference call to discuss results is set for August 7, 2025, at 10:00 a.m. Eastern Time.
Horace Mann reported second-quarter 2025 net income of $29.4 million, or $0.71 per diluted share, up from $3.8 million a year earlier, and core earnings of $44.2 million, or $1.06 per share. The company raised its full-year 2025 core EPS guidance to $4.15 to $4.45, which signals higher expected profit for shareholders, though the filing notes an ($8.1) million out-of-period correction in net investment income.
Q2 2025 net income was $29.4 million ($0.71 per diluted share) versus $3.8 million ($0.09) in Q2 2024
Q2 2025 core earnings were $44.2 million ($1.06 per share) versus $11.3 million ($0.27) a year earlier
Full-year 2025 core EPS guidance raised to $4.15 to $4.45
Q2 total revenues were $411.7 million, up 6.1%; Property & Casualty combined ratio was 97.0%, improved 15 points
Motorola Solutions completed its acquisition of Silvus Technologies Holdings Inc. on August 6, 2025, paying $4.4 billion in upfront consideration, mostly in cash. The company drew two $750.0 million term loans in full that day to help pay for the deal, repay certain Silvus debt and cover fees, and may pay up to $600 million more in common stock if certain financial targets are met.
Upfront consideration of $4.4 billion: approximately $4.38 billion in cash and approximately $20 million in restricted common stock, subject to customary adjustments
Earnout of up to $600 million in total, payable in Company common stock, tied to annual periods from July 5, 2026 through July 1, 2028
Two senior unsecured term loans of $750.0 million each, from Mizuho Bank (364-day) and Bank of America (three-year), drawn in full on August 6, 2025
Motorola Solutions plans to discuss the acquisition on its quarterly conference call on August 7, 2025
Casella Waste Systems said Chairman and CEO John Casella will become Executive Chairman on January 1, 2026, and President Edmond R. "Ned" Coletta will succeed him as CEO and join the Board as a Class II director. The filing describes a planned leadership transition with no change to reported financial results.
John Casella moves from CEO to Executive Chairman, effective January 1, 2026
Edmond R. "Ned" Coletta, 49, named CEO effective January 1, 2026; he has been President since July 2022
Coletta's base salary rises to $750,000 and his target bonus to 150% of salary, effective January 1, 2026
Casella's salary falls to $750,000 and his target bonus to 100% of salary, effective January 1, 2026
Helmerich & Payne reported a fiscal third-quarter net loss of $163 million, or $1.64 per share, compared with net income of $0.01 per share in the prior quarter, after a $173 million non-cash goodwill impairment. Excluding this and other one-time items, earnings were $22 million, or $0.22 per share, and revenue rose to $1.04 billion from $1.02 billion in the prior quarter. The company also raised its fiscal 2025 gross capital expenditure estimate to $380-$395 million.
Q3 fiscal 2025 net loss of $163 million, or $1.64 per diluted share, versus $0.88 per diluted share in the year-earlier quarter
Operating revenues of $1.04 billion, up from $1.02 billion in the prior quarter
Q4 fiscal 2025 North America Solutions direct margin guidance of $230-$250 million
Term loan repayment expected to total $200 million by end of calendar 2025, up from the prior $175 million expectation
Global Net Lease reported second-quarter 2025 revenue of $124.9 million, down from $145.5 million a year earlier, mainly due to asset dispositions including the multi-tenant retail portfolio sale. The company narrowed its net loss attributable to common stockholders to $35.1 million from $46.6 million and raised the low end of its 2025 AFFO per share guidance to a range of $0.92 to $0.96.
Revenue was $124.9 million versus $145.5 million in second quarter 2024, primarily reflecting asset dispositions.
Net loss attributable to common stockholders was $35.1 million, or $0.16 per diluted share, versus $46.6 million, or $0.20 per share, a year earlier.
AFFO was $53.1 million, or $0.24 per share, versus $76.7 million, or $0.33 per share, in second quarter 2024.
The low end of 2025 AFFO per share guidance was raised to a new range of $0.92 to $0.96; the Net Debt to Adjusted EBITDA range of 6.5x to 7.1x was reaffirmed.
Deluxe reported second quarter 2025 revenue of $521.3 million, down 3.1% from a year earlier, while net income rose 9.3% to $22.4 million. The company affirmed its 2025 revenue, adjusted EBITDA, and adjusted diluted EPS guidance and raised its free cash flow range to $130 million to $150 million, which matters to shareholders because it signals stronger expected cash generation even as sales decline.
Revenue was $521.3 million versus $537.8 million a year earlier; comparable adjusted revenue fell 2.5%.
Net income was $22.4 million versus $20.5 million; diluted EPS was $0.50 versus $0.46.
Comparable adjusted diluted EPS rose 3.5% to $0.88, and comparable adjusted EBITDA rose 4.6% to $106.5 million.
Full-year free cash flow outlook was raised to between $130 million and $150 million; a $0.30 quarterly dividend is payable September 2, 2025.
CRH reported second-quarter 2025 revenue of $10.2 billion, up 6%, with diluted earnings per share of $1.94, up from $1.88 a year earlier. The company raised its 2025 Adjusted EBITDA and diluted EPS guidance ranges and declared a quarterly dividend of $0.37 per share, up 6%, which matters to shareholders because it reflects higher expected profit and continued cash returns.
Q2 2025 total revenues were $10.2 billion, up 6%; net income was $1.3 billion, up 2%
Diluted EPS was $1.94 versus $1.88 in Q2 2024; Adjusted EBITDA was $2.5 billion, up 9%
2025 Adjusted EBITDA guidance raised to $7.5 billion-$7.7 billion from $7.3 billion-$7.7 billion; diluted EPS guidance raised to $5.49-$5.72 from $5.34-$5.80
Quarterly dividend of $0.37 per share; ex-dividend and record date August 22, 2025; payment date September 24, 2025
Rayonier reported second quarter 2025 net income attributable to Rayonier of $408.7 million ($2.63 per share), driven by a $404.4 million gain on the sale of its New Zealand joint venture interest. Excluding that gain and related items, pro forma net income was $9.6 million ($0.06 per share), up from a pro forma loss of $2.6 million a year earlier, and the company said it is on track for full-year Adjusted EBITDA and pro forma EPS within its prior guidance range.
Q2 revenues were $106.5 million versus $99.6 million in the prior year quarter; Adjusted EBITDA was $44.9 million versus $33.3 million.
Pro forma net income was $9.6 million ($0.06 per share) versus a pro forma loss of $2.6 million ($0.02 per share) a year earlier.
Third quarter guidance: net income attributable to Rayonier of $29 to $44 million, EPS of $0.18 to $0.28, and Adjusted EBITDA of $80 to $100 million.
The company repurchased 1.5 million shares for $34.9 million and had $262.4 million remaining on its repurchase authorization as of June 30, 2025.
On August 5, 2025, e.l.f. Beauty completed its acquisition of rhode for $800 million, including $600 million in cash funded by a new $600 million term loan and about $200 million in company stock. For the quarter ended June 30, 2025, net sales rose 9%, but GAAP net income fell to $33.3 million from $47.6 million and gross margin declined to 69% amid tariff costs, so shareholders face a larger debt load and a mixed quarterly picture.
rhode acquisition closed August 5, 2025: $800 million aggregate consideration, with up to $200 million more in earn-out payments tied to rhode revenue over three years
Q1 fiscal 2026 net sales rose 9% to $353.7 million; GAAP net income was $33.3 million versus $47.6 million, and GAAP diluted EPS was $0.58 versus $0.81
Gross margin decreased about 215 basis points to 69%, primarily due to tariffs; the company is not giving a full-year fiscal 2026 outlook
New $600 million term loan matures March 3, 2030; the revolving credit facility unused-commitment fees and interest margins were increased
Acadia Pharmaceuticals reported second-quarter 2025 total revenue of $264.6 million, up 9% from a year earlier, driven by growth in NUPLAZID and DAYBUE sales. Net income fell to $26.7 million, or $0.16 per share, because the effective tax rate rose, and the company raised the low end of its 2025 NUPLAZID sales guidance and its total revenue guidance.
Total revenue was $264.6 million, up 9% from $242.0 million in the second quarter of 2024.
Net income was $26.7 million, or $0.16 per diluted share, versus $33.4 million, or $0.20 per share, a year earlier.
Full-year 2025 total revenue guidance low end raised to $1.045 billion from $1.030 billion; NUPLAZID net sales guidance low end raised to $665 million; other guidance reiterated.
Top-line results from the COMPASS PWS Phase 3 study of ACP-101 are expected in early Q4 2025.
Tutor Perini reported second-quarter 2025 revenue of $1.37 billion, up 22% from a year earlier, and diluted EPS of $0.38 versus $0.02 in the same period of 2024. The company raised its 2025 GAAP EPS guidance to $1.70 to $2.00 from $1.60 to $1.95, which is a positive signal for shareholders, though the filing notes share-based compensation rose sharply with the stock price.
Q2 2025 revenue was $1.37 billion, up 22%; income from construction operations was $76.4 million, up 89%
Diluted EPS was $0.38 versus $0.02 in Q2 2024; adjusted EPS, which excludes share-based compensation, was $1.41 versus $0.34
2025 GAAP EPS guidance raised to $1.70 to $2.00 from $1.60 to $1.95; adjusted EPS guidance $3.65 to $3.95 from $2.45 to $2.80
Share-based compensation expense rose $38.5 million year over year, largely due to the doubling of the stock price in Q2 2025
Topgolf Callaway Brands reported second quarter 2025 net revenue of $1,110.5 million, down 4.1% year over year, and GAAP net income of $20.3 million, down 67.3%. The company raised its full year 2025 Adjusted EBITDA guidance for continuing businesses to $430 million to $490 million, after completing the sale of Jack Wolfskin on May 31, 2025, which lowered its forecast revenue and EBITDA.
Q2 net revenue was $1,110.5 million, down 4.1%, mainly due to lower Active Lifestyle revenue after the Jack Wolfskin sale; GAAP diluted EPS was $0.11 versus $0.32 a year earlier
Non-GAAP diluted EPS was $0.24 versus $0.42, and Adjusted EBITDA was $195.8 million, down 4.8%
Full year 2025 Consolidated Adjusted EBITDA guidance is $430 million to $490 million, versus $415 million to $505 million previously; consolidated net revenue guidance is $3.80 billion to $3.92 billion following the Jack Wolfskin exclusion
Topgolf CEO Artie Starrs announced his resignation on July 31; he will remain through September 2025, and a Topgolf spin-off is likely not until 2026
EnerSys reported first-quarter fiscal 2026 net sales of $893.0 million, up 4.7%, and adjusted diluted EPS of $2.08, up 5%, while GAAP diluted EPS fell to $1.46 from $1.71. The Board also approved a new $1 billion share repurchase authorization over five years and raised the quarterly dividend 9% to $0.2625 per share, which matters to shareholders because it adds capacity for buybacks and higher cash payouts. The company paused full-year quantitative guidance.
Net sales of $893.0 million, up 4.7%, above the $830 million to $870 million first-quarter guidance range given May 21, 2025
GAAP diluted EPS of $1.46 versus $1.71 a year earlier; adjusted diluted EPS of $2.08 versus $1.98, within the $2.03 to $2.13 guidance range
Board approved a $1 billion repurchase authorization over five years and a dividend of $0.2625 per share payable September 26, 2025, to holders of record as of September 12, 2025
Second-quarter fiscal 2026 outlook: net sales of $870 million to $910 million and adjusted diluted EPS of $2.33 to $2.43; full-year quantitative guidance remains paused
Permian Resources reported second-quarter 2025 results on August 6, 2025. Oil and gas sales were $1.2 billion and diluted EPS was $0.28, both lower than a year earlier, while average production rose to 385,118 Boe/d from 338,761 Boe/d. The company raised its 2025 production guidance midpoint to 385.0 MBoe/d, and shareholders should weigh higher output against lower sales and earnings.
Diluted EPS was $0.28 versus $0.36 a year earlier; net income attributable to Class A Common Stock was $207.1 million versus $235.1 million.
Oil and gas sales were $1.2 billion ($1,197.6 million) versus $1.2 billion ($1,246.1 million) in the second quarter of 2024.
Average production was 385,118 Boe/d versus 338,761 Boe/d; 2025 production guidance midpoint was raised to 385.0 MBoe/d.
Board declared a $0.15 per share base dividend payable September 30, 2025; the company repurchased $43 million of stock at $10.52 per share.
Corpay reported second-quarter 2025 revenue of $1,102.0 million, up 13%, and diluted EPS of $3.98, up 13%. The company raised its full-year 2025 guidance, citing the second-quarter results and improved foreign currency rates, which points to higher expected results for shareholders.
Q2 2025 revenue rose 13% to $1,102.0 million from $975.7 million; net income attributable to Corpay rose 13% to $284.2 million.
Adjusted diluted EPS was $5.13 versus $4.55 a year earlier; organic revenue growth was 11%.
Updated 2025 guidance: total revenues of $4,405 million to $4,485 million and adjusted diluted EPS of $20.86 to $21.26.
The company cited its second-quarter beat and improved foreign currency rates; it also referenced the recently announced Alpha Group acquisition.
Apple Hospitality REIT reported second quarter 2025 net income of $63.6 million, down 13.9% from a year earlier, and Comparable Hotels RevPAR fell 1.7%. The company lowered its full-year 2025 guidance, citing current booking trends, which means lower expected earnings for shareholders.
Q2 2025 net income was $63.6 million versus $73.9 million in Q2 2024, down 13.9%; net income per share was $0.27 versus $0.31.
Comparable Hotels RevPAR declined 1.7% in Q2 2025; preliminary July 2025 Comparable Hotels RevPAR was up approximately 1% year over year.
2025 net income guidance was lowered by $6.5 million at the midpoint, to a range of $161 million to $187 million.
2025 Adjusted EBITDAre guidance was lowered by $5.5 million at the midpoint, to a range of $428 million to $450 million.
Dutch Bros reported second-quarter 2025 results on August 6, 2025, with total revenues up 28.0% year over year to $415.8 million and net income of $38.4 million, compared with $22.2 million a year earlier. The company also raised its full-year 2025 guidance for total revenues, same shop sales growth and adjusted EBITDA.
Total revenues rose 28.0% to $415.8 million from $324.9 million in Q2 2024.
Diluted net income per share was $0.20, compared with $0.12 a year earlier.
2025 guidance now calls for total revenues of $1.59 billion to $1.60 billion and adjusted EBITDA of $285 million to $290 million.
Same shop sales growth guidance is now approximately 4.5%; the company opened 31 new shops in Q2.
Sunrun reported second-quarter 2025 results on August 6, 2025, with total revenue of $569.3 million, up 9% from a year earlier, and net income attributable to common stockholders of $279.8 million, or $1.07 per diluted share. The company raised its full-year 2025 Contracted Net Value Creation outlook to $1.0 billion to $1.3 billion from $650 million to $850 million, while reiterating its Cash Generation guidance of $200 million to $500 million.
Total revenue was $569.3 million, up $45.5 million, or 9%, from the second quarter of 2024; net loss widened to $279.0 million from $259.9 million.
Contracted Net Value Creation was $376 million, up 316% year over year, or $1.64 per weighted average basic share.
Full-year 2025 Contracted Net Value Creation guidance was raised to $1.0 billion to $1.3 billion from $650 million to $850 million.
Cash Generation was $27 million in the quarter, the fifth consecutive quarter of positive Cash Generation; full-year guidance of $200 million to $500 million was unchanged.
NCR Atleos reported second quarter 2025 revenue of $1.10 billion, up 2% year over year, and GAAP diluted earnings per share of $0.60, up from $0.41. The company reaffirmed its full year 2025 guidance and authorized a $200 million share repurchase program with a two-year duration. The filing also discloses immaterial revisions to previously issued financial statements.
Q2 2025 revenue of $1.10 billion, up 2% year over year, with $773 million from recurring revenue
GAAP diluted EPS of $0.60 vs. $0.41 a year earlier; non-GAAP diluted EPS of $0.93 vs. $0.85
Full year 2025 guidance reaffirmed; $200 million share repurchase authorized with a two-year duration
Prior financials revised for immaterial misstatements, including about $15 million overstatement of 2023 pre-tax income
National Health Investors reported second-quarter 2025 results with diluted EPS of $0.79, down from $0.81 a year earlier, while normalized FFO per diluted share rose to $1.22 from $1.18. The company lowered its 2025 NAREIT FFO per diluted share guidance to $4.46-$4.50 from $4.64-$4.70 but raised its normalized FFO and normalized FAD guidance, and it expects an $8.8 million reduction in third-quarter rental income tied to the Discovery lease termination.
Diluted EPS was $0.79 versus $0.81 in the prior-year quarter, including $1.3 million of proxy contest expenses.
Normalized FFO per diluted share was $1.22 versus $1.18; NAREIT FFO per diluted share was $1.19 versus $1.18.
2025 NAREIT FFO per diluted share guidance was lowered to $4.46-$4.50 from $4.64-$4.70; normalized FFO guidance was raised to $4.78-$4.82 from $4.68-$4.73.
Discovery Senior Living lease was terminated effective August 1, 2025, with an expected $8.8 million third-quarter rental income reduction.
TKO reported second quarter 2025 revenue of $1.308 billion, up 10%, and net income of $273.1 million, compared with $46.2 million a year earlier. The company raised its full year 2025 revenue and Adjusted EBITDA targets, which should matter to shareholders because it signals higher expected results for the year.
Q2 2025 revenue was $1.308 billion, up $115.2 million, or 10%, from the prior year period
Net income was $273.1 million, compared with $46.2 million in Q2 2024; Adjusted EBITDA rose 75% to $526.5 million
Full year 2025 revenue guidance raised to $4.630 billion-$4.690 billion from $4.490 billion-$4.560 billion
Full year 2025 Adjusted EBITDA guidance raised to $1.540 billion-$1.560 billion from $1.490 billion-$1.530 billion
Fortinet reported second-quarter 2025 results, with revenue up 14% year over year to $1.63 billion and net income of $440.1 million, compared with $379.8 million a year earlier. The company raised the midpoint of its full-year 2025 billings guidance by $100 million, to a range of $7.325 billion to $7.475 billion.
Q2 2025 revenue rose 14% to $1.63 billion; billings rose 15% to $1.78 billion.
GAAP diluted EPS was $0.57, up from $0.49; non-GAAP diluted EPS was $0.64, up from $0.57.
GAAP operating margin was 28.1%, down from 30.5% a year earlier.
Third-quarter 2025 revenue guidance is $1.670 billion to $1.730 billion; full-year revenue guidance is $6.675 billion to $6.825 billion.
Pursuit reported second-quarter 2025 revenue of $116.7 million, up 15.4% from a year earlier, and adjusted EBITDA of $29.7 million, up 49.2%. Net income attributable to Pursuit fell to $5.6 million from $29.3 million, a change the company attributes mainly to the 2024 sale of its GES business, and it also took a pre-tax pension termination charge of approximately $5.4 million. The company raised its full-year 2025 adjusted EBITDA guidance to $108 million to $118 million from $98 million to $108 million and approved a new share repurchase authorization of up to $50 million.
Q2 2025 revenue $116.7 million, up $15.5 million (15.4%) from $101.2 million
Net income attributable to Pursuit $5.6 million vs. $29.3 million; diluted EPS $0.20 vs. $0.98
Full-year 2025 adjusted EBITDA guidance raised to $108 million to $118 million, up $10 million
Board approved a new share repurchase authorization of up to $50 million on August 4, 2025
Upwork reported second-quarter 2025 revenue of $194.9 million, up 1% from a year earlier, and net income of $32.7 million, up 47%. The company raised its full-year 2025 revenue guidance to $765 million to $775 million and adjusted EBITDA guidance to $206 million to $214 million, and it announced the Bubty acquisition and an agreement to acquire Ascen.
Q2 2025 revenue was $194.9 million, up from $193.1 million; Marketplace revenue rose 2% while Enterprise revenue fell 8%
Diluted EPS was $0.24, compared with $0.17 in the second quarter of 2024
FY2025 guidance raised: revenue $765 million to $775 million, adjusted EBITDA $206 million to $214 million
Q3 2025 revenue guidance is $190 million to $195 million; Ascen acquisition expected to close in the second half of 2025
Paycom reported second-quarter 2025 revenue of $483.6 million, up 10.5% from a year earlier, and GAAP net income of $89.5 million, or $1.58 per diluted share, versus $1.20 a year earlier. CEO Chad Richison said the company is raising its 2025 growth and margin targets, and the new outlook calls for total revenue of $2.045 billion to $2.055 billion and adjusted EBITDA of $872.0 million to $882.0 million.
Q2 2025 total revenue $483.6 million, up 10.5% from $437.5 million; recurring and other revenue up 12.2%
GAAP diluted EPS $1.58 vs. $1.20 a year earlier; non-GAAP diluted EPS $2.06 vs. $1.62
2025 outlook: total revenue $2.045 billion to $2.055 billion; adjusted EBITDA $872.0 million to $882.0 million, about 43% margin at midpoint
Cash and equivalents $532.2 million and total debt $0 as of June 30, 2025
Digi International reported third-quarter fiscal 2025 revenue of $107.5 million, up from $105.2 million a year earlier, and net income of $10.2 million, up 6%. The company raised its fiscal 2025 Adjusted EBITDA growth outlook to 7-8% from about 5%, while keeping its ARR and revenue projections unchanged, and reduced long-term debt to $40.1 million from $123.2 million at September 30, 2024.
Q3 revenue was $107.5 million, up from $105.2 million; diluted EPS was $0.27 versus $0.26, and Adjusted EPS was $0.53 versus $0.50.
Fiscal 2025 Adjusted EBITDA growth outlook raised to 7-8%, up from about 5%; ARR growth of 10% and flat revenue projections are unchanged.
Fourth-quarter guidance: revenue of $106 million to $110 million, Adjusted EBITDA of $25.5 million to $27.0 million, and Adjusted EPS of $0.47 to $0.51.
Long-term debt fell to $40.1 million at June 30, 2025, and cash was $20.1 million.
Realty Income reported second-quarter 2025 revenue of $1,410.4 million, up from $1,339.4 million a year earlier, but net income available to common stockholders fell to $196.9 million, or $0.22 per diluted share, from $256.8 million, or $0.29, as impairments of $143.4 million weighed on results. The company cut its 2025 net income per share guidance to $1.29-$1.33 from $1.40-$1.46, raised the low end of its AFFO per share guidance to $4.24-$4.28, and increased its 2025 investment volume guidance to approximately $5.0 billion from approximately $4.0 billion.
Total revenue was $1,410.4 million for the three months ended June 30, 2025, compared with $1,339.4 million a year earlier
Net income available to common stockholders was $196.9 million, or $0.22 per diluted share, versus $0.29 a year earlier; provisions for impairment were $143.4 million
2025 net income per share guidance was revised to $1.29-$1.33 from $1.40-$1.46; AFFO per share guidance is $4.24-$4.28 versus $4.22-$4.28 previously
2025 investment volume guidance was raised to approximately $5.0 billion from approximately $4.0 billion; the monthly dividend paid per share rose 3.7% to $0.806 in the quarter
CareTrust REIT reported second-quarter 2025 net income attributable to the company of $68.5 million, or $0.35 per diluted share, up from $10.8 million, or $0.07 per share, a year earlier. The company also raised its 2025 guidance, now projecting normalized FFO of $1.77 to $1.79 per share.
Total revenues were $112.5 million for the quarter, compared with $68.9 million in the second quarter of 2024.
Normalized FFO was $83.1 million, or $0.43 per diluted share, compared with $0.36 a year earlier.
2025 guidance raised: net income of $1.43 to $1.45 per share and normalized FFO of $1.77 to $1.79 per share.
Quarterly dividend of $0.335 per share, up from $0.29 declared in the second quarter of 2024.
Encore Capital Group reported second-quarter 2025 results on August 6, 2025, with diluted earnings per share of $2.49, up 86% from $1.34 a year earlier, and net income of $58.7 million, up 82%. The company raised its full-year 2025 global collections guidance to approximately $2.5 billion, from a prior expectation of $2.4 billion, while leaving its portfolio purchasing guidance unchanged.
Q2 2025 diluted EPS $2.49 vs. $1.34 in Q2 2024; net income $58.7 million vs. $32.2 million
Total revenues $442.1 million, up 24%; collections $655.0 million, up 20%
Full-year 2025 collections guidance raised to approximately $2.5 billion (15.5% growth) from $2.4 billion (11% growth)
Company repurchased $15 million of shares in Q2, $25 million in the first half of 2025
Veracyte reported second-quarter 2025 total revenue of $130.2 million, up 14% year over year, and swung to a GAAP net loss of $1.0 million after a $20.5 million impairment tied to its French subsidiary. The company raised its full-year testing revenue guidance and initiated full-year total revenue guidance of $496 million to $504 million, which matters to shareholders because it signals higher expected sales while the one-time charge weighs on reported profit.
Q2 2025 total revenue was $130.2 million, up 14% from $114.4 million; testing revenue was $122.3 million, up 14%.
GAAP net loss was $1.0 million, compared with net income of $5.7 million in Q2 2024, including a $20.5 million impairment charge.
Full-year 2025 testing revenue guidance was raised to $477 million to $483 million from $470 million to $480 million; total revenue guidance is $496 million to $504 million.
Non-GAAP diluted EPS was $0.44, up from $0.30 a year earlier; adjusted EBITDA was $35.8 million, or 27.5% of revenue.
Federal Realty Investment Trust reported second-quarter 2025 results on August 6, 2025, with net income available to common shareholders of $153.9 million, or $1.78 per diluted share, up from $1.32 a year earlier. The company raised its full-year 2025 earnings and FFO per diluted share guidance and increased its regular quarterly dividend by about 3% to $1.13 per share.
Q2 2025 FFO was $1.91 per diluted share versus $1.69 in Q2 2024; excluding $0.15 per share of new market tax credit income, FFO was $1.76
2025 earnings per diluted share guidance raised to $3.91 to $4.01 from $3.00 to $3.12
2025 FFO per diluted share guidance raised to $7.16 to $7.26 from $7.11 to $7.23
Regular quarterly dividend increased to $1.13 per share, payable October 15, 2025, marking the 58th consecutive annual increase
Remitly reported second quarter 2025 revenue of $411.9 million, up 34% from a year earlier, and net income of $6.5 million compared with a net loss of $12.1 million a year earlier. The company raised its full-year 2025 revenue and Adjusted EBITDA outlook and authorized a $200 million share repurchase program.
Q2 2025 revenue was $411.9 million, up 34% from $306.4 million; Adjusted EBITDA was $64.0 million, up 144% from $26.2 million.
Full-year 2025 revenue outlook raised to $1.61 billion to $1.62 billion from $1.574 billion to $1.587 billion; Adjusted EBITDA outlook raised to $225 million to $230 million from $195 million to $210 million.
Third-quarter 2025 revenue is expected at $411 million to $413 million, and Adjusted EBITDA at $53 million to $55 million.
The Board authorized a share repurchase program of up to $200 million of common stock, with no obligation to buy and no expiration date.
Universal Technical Institute reported fiscal 2025 third-quarter revenue of $204.3 million, up 15.1%, and net income of $10.7 million, up 113.9%. The company raised the low end of its fiscal 2025 revenue and new student start guidance, and said the Department of Education lifted core growth restrictions on its Concorde division.
Q3 revenue $204.3 million, up 15.1%; net income $10.7 million, up 113.9%; diluted EPS $0.19 versus $0.09.
Fiscal 2025 revenue guidance low end raised to $830 million–$835 million from $825 million–$835 million; new student starts low end raised to 29,500 from 29,000.
Fiscal 2025 net income, diluted EPS, adjusted EBITDA and adjusted free cash flow guidance were unchanged.
Department of Education lifted core growth restrictions on Concorde; the company plans to accelerate Concorde expansion one year ahead of plan.
CoreCivic reported second-quarter 2025 revenue of $538.2 million, up 9.8%, and diluted EPS of $0.35 versus $0.17 a year earlier. It raised its full-year 2025 guidance, with diluted EPS now expected at $1.08 to $1.15, up from $0.83 to $0.92, and adjusted EBITDA at $365.0 million to $371.0 million, up from $331.0 million to $339.0 million.
Q2 2025 revenue of $538.2 million, up 9.8%; net income of $38.5 million, up 103.4%
Full-year 2025 diluted EPS guidance raised to $1.08 to $1.15 from $0.83 to $0.92
Full-year 2025 adjusted EBITDA guidance raised to $365.0 million to $371.0 million from $331.0 million to $339.0 million
Company repurchased 2.0 million shares for $43.2 million in Q2 and closed the $67.0 million Farmville Detention Center acquisition on July 1, 2025
Warrior Met Coal reported second quarter 2025 net income of $5.6 million, or $0.11 per diluted share, down from $70.7 million, or $1.35 per share, a year earlier, as total revenues fell to $297.5 million from $396.5 million amid lower steelmaking coal prices. The company also updated its full-year 2025 outlook and said first commercial sales from its Blue Creek mine came ahead of schedule.
Q2 2025 total revenues were $297.5 million, versus $396.5 million in Q2 2024; average net selling price fell 30.1% to $130.01 per short ton.
Q2 2025 Adjusted EBITDA was $53.6 million, versus $115.9 million in Q2 2024.
Updated 2025 guidance: coal sales of 8.8 to 9.5 million short tons and cash cost of sales of $110 to $120 per short ton.
Blue Creek longwall startup is now expected early in the first quarter of 2026.
Duolingo reported second-quarter 2025 revenue of $252.3 million, up 41% from a year earlier, and net income of $44.8 million, up 84%. The company raised the midpoint of its full-year 2025 bookings growth guidance to 32% and its full-year Adjusted EBITDA margin guidance to 28.75%, which signals stronger expected top-line growth and profitability for shareholders.
Q2 2025 revenue was $252.3 million, up 41% year over year; subscription revenue was $210.7 million, up 46%.
Q2 2025 net income was $44.8 million, up 84% from $24.4 million in Q2 2024.
FY 2025 bookings growth guidance midpoint raised to 32% year over year; FY 2025 revenue growth expected at 36% at the midpoint.
FY 2025 Adjusted EBITDA margin guidance midpoint raised to 28.75%, about 80 basis points above the prior quarter's midpoint.
Alpha and Omega Semiconductor reported fiscal fourth-quarter revenue of $176.5 million, up 9.4% from a year earlier, and guided fiscal first-quarter revenue to $183 million plus or minus $10 million. GAAP net loss widened to $77.1 million, or $2.58 per diluted share, mainly because of a $76.8 million impairment of its equity method investment, while non-GAAP diluted EPS was $0.02 versus $0.09 a year earlier.
Q4 revenue $176.5 million, up 9.4% year over year and 7.2% sequentially; GAAP gross margin 23.4% versus 25.7% a year earlier
GAAP net loss $77.1 million ($2.58 per diluted share) versus a $2.7 million loss ($0.09 per share) a year earlier, including a $76.8 million equity method investment impairment
Fiscal 2025 revenue $696.2 million versus $657.3 million; GAAP net loss $97.0 million ($3.30 per share) versus $11.1 million
Airbnb reported second-quarter 2025 revenue of $3.1 billion, up 13% year over year, and net income of $642 million, up 16%. The company also announced a new share repurchase program authorizing up to an additional $6 billion of Class A common stock, and it expects Q3 2025 revenue of $4.02 billion to $4.10 billion, with Adjusted EBITDA margin lower than a year earlier.
Q2 2025 revenue was $3.1 billion, up 13%; Adjusted EBITDA was $1.0 billion, up 17%, at a 34% margin.
Q3 2025 revenue is expected to be $4.02 billion to $4.10 billion, growth of 8% to 10%.
Q3 2025 Adjusted EBITDA is expected to exceed $2.0 billion, but its margin is expected to be lower than in Q3 2024.
A new $6 billion share repurchase authorization was announced; $1.0 billion of stock was repurchased in Q2 2025.
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