1,041 material Form 8-K filings that 824 companies we cover made with the SEC in November 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).
CorVel reported results for the three months ended September 30, 2025, with revenue of $240 million, up from $224 million a year earlier, and diluted earnings per share of $0.54, up from $0.45. For the six months, revenue was $474 million and diluted EPS was $1.06, compared with $436 million and $0.87 a year earlier. The filing furnishes the November 4, 2025 press release and does not include guidance.
Q2 revenue of $240 million, up 7%; gross profit of $58.2 million, up 15%, at a 24% gross margin
Q2 diluted EPS of $0.54 versus $0.45 a year earlier; net income of $27.9 million
Six-month revenue of $474 million and diluted EPS of $1.06, versus $436 million and $0.87
Ended the quarter with $207 million in cash and no borrowings; repurchased $12.8 million of common stock
Leidos reported third-quarter fiscal 2025 results with revenue of $4.47 billion, up 7% from a year earlier, and net income of $369 million, or $2.82 per diluted share, up 5%. The company raised its fiscal 2025 non-GAAP diluted EPS guidance to $11.45 to $11.75 from $11.15 to $11.45 and held its revenue guidance at $17.00 to $17.25 billion.
Q3 revenue of $4.47 billion, up 7% year-over-year, including 6% organic growth
Non-GAAP diluted EPS of $3.05, up 4%; GAAP net income margin fell to 8.3% from 8.6%
FY25 non-GAAP diluted EPS guidance raised to $11.45 to $11.75 from $11.15 to $11.45
Quarterly dividend declared at $0.43 per share, up 7.5%, payable December 31, 2025
Innovative Industrial Properties reported third quarter 2025 results, with total revenues of $64.7 million, down 15% from $76.5 million a year earlier, and net income attributable to common stockholders of $28.3 million, or $0.97 per diluted share, versus $1.37 a year earlier. The company attributed the revenue decline mainly to a $14.9 million drop from tenant defaults, and it also disclosed a $270 million commitment to IQHQ and a new $100 million secured revolving credit facility.
Total revenues were $64.7 million versus $76.5 million, a decrease of 15%, driven mainly by a $14.9 million decrease from tenant defaults.
Net income attributable to common stockholders was $28.3 million, or $0.97 per diluted share, compared with $39.7 million, or $1.37, in the third quarter of 2024.
Normalized FFO was $45.2 million, or $1.60 per share, versus $59.5 million, or $2.08, a year earlier.
In October the company closed a three-year, $100 million secured revolving credit facility at one-month SOFR plus 200 basis points, secured by its IQHQ investment.
Cabot reported fiscal fourth-quarter 2025 net sales of $899 million, down from $1,001 million a year earlier, and diluted EPS of $0.79 versus $2.43. For the full fiscal year, adjusted EPS rose 3% to $7.25, but diluted EPS fell to $6.02 from $6.72 and net sales fell to $3.7 billion from $4.0 billion. The company expects fiscal 2026 adjusted EPS of $6.00 to $7.00, citing weak Reinforcement Materials demand and elevated Asian tire imports, which points to a lower range than fiscal 2025.
Q4 fiscal 2025 adjusted EPS was $1.70, down 6% from $1.80; diluted EPS was $0.79 versus $2.43
Full-year fiscal 2025 adjusted EPS was $7.25, up 3% from $7.06, while diluted EPS was $6.02 versus $6.72
Fiscal 2026 adjusted EPS outlook is $6.00 to $7.00; the company cites uncertain macroeconomic and trade conditions and competitive headwinds in Reinforcement Materials
Cabot announced an agreement to acquire Bridgestone Corporation's reinforcing carbons plant in Mexico
Novanta reported third-quarter 2025 GAAP revenue of $247.8 million, up 1.4% from a year earlier, but GAAP net income fell to $10.7 million from $19.2 million and GAAP diluted EPS fell to $0.30 from $0.53. Adjusted diluted EPS rose to $0.87 from $0.85, while organic revenue declined 3.8%. The company expects fourth-quarter GAAP revenue of $253 million to $257 million and full-year 2025 GAAP revenue of $975 million to $979 million.
Q3 GAAP revenue was $247.8 million, up 1.4%; organic revenue growth was (3.8)%, with acquisitions adding 3.4% and currency adding 1.8%.
GAAP net income was $10.7 million, or $0.30 per diluted share, versus $19.2 million, or $0.53, a year earlier.
Adjusted diluted EPS was $0.87 versus $0.85; adjusted EBITDA was $58.1 million versus $57.0 million.
Q4 2025 guidance: GAAP revenue of $253 million to $257 million and adjusted diluted EPS of $0.87 to $0.93; full-year 2025 adjusted diluted EPS of $3.24 to $3.30.
Insperity reported third-quarter 2025 revenue up 4% to $1.6 billion, but a net loss of $20 million, or $(0.53) per diluted share, compared with net income of $3 million a year earlier, as gross profit fell 15% on higher-than-expected benefits costs. The company also amended its UnitedHealthcare medical coverage arrangement, extending it through 2028 with additional cost savings starting in 2026, and gave its full-year 2025 adjusted EPS guidance of $0.84 to $1.47.
Q3 2025 revenue rose 4% to $1.6 billion; gross profit fell 15% to $195 million
Q3 2025 net loss of $20 million; diluted EPS $(0.53) versus $0.07 in Q3 2024; adjusted EPS $(0.20)
UnitedHealthcare amendment extends the arrangement through 2028 and lets Insperity elect a claim cost limit of $500,000, $750,000, or $1,000,000 per participant per year
Q4 2025 adjusted EPS guidance is $(0.79) to $(0.16); full-year 2025 adjusted EPS guidance is $0.84 to $1.47
Vornado Realty Trust reported third-quarter 2025 results on November 3, 2025. Net income attributable to common shareholders was $11.6 million, or $0.06 per diluted share, versus a net loss of $19.2 million, or $0.10 per share, a year earlier. Funds from operations (FFO) rose to $117.4 million, or $0.58 per diluted share, from $99.3 million, or $0.50, which supports the view that core operating results improved year over year.
Q3 2025 net income attributable to common shareholders: $11.6 million, or $0.06 per diluted share, vs. a net loss of $19.2 million ($0.10) in Q3 2024
Q3 2025 FFO attributable to common shareholders plus assumed conversions: $117.4 million, or $0.58 per diluted share, vs. $99.3 million ($0.50)
Q3 2025 FFO, as adjusted (non-GAAP): $114.5 million, or $0.57 per diluted share, vs. $102.8 million ($0.52) in Q3 2024
Q3 2025 revenues: $453.7 million, vs. $443.3 million in Q3 2024
JBT Marel reported third quarter 2025 revenue of $1,001.3 million, up from $453.8 million a year earlier, and income from continuing operations of $66.8 million. The company raised its full year 2025 guidance, including revenue of $3,760 million to $3,790 million and adjusted EPS of $6.10 to $6.40, but its GAAP EPS guidance remains a loss of $1.05 to $0.75 per share.
Q3 2025 diluted EPS from continuing operations was $1.28, versus $1.18 in Q3 2024; adjusted EPS was $1.94, versus $1.76.
Full year 2025 guidance: revenue of $3,760 million to $3,790 million and adjusted EBITDA margin of 15.75% to 16.0%.
GAAP EPS guidance for full year 2025 is a loss of $1.05 to $0.75, reflecting a $147 million non-cash pension settlement charge in the first quarter.
The company plans to realign its reporting into two segments in Q4 2025 and expects in-year synergy savings of $40 million to $45 million.
Primoris Services reported third-quarter 2025 revenue of $2,178.4 million, up 32.1% from a year earlier, and net income of $94.6 million, or $1.73 per diluted share, compared with $1.07 a year earlier. The company raised its full-year 2025 net income, EPS and Adjusted EBITDA guidance, and its board declared an $0.08 per share cash dividend payable January 15, 2026.
Q3 2025 revenue $2,178.4 million, up $529.3 million (32.1%), led by the Energy and Utilities segments
Full-year 2025 net income guidance raised to $260.5 million to $271.5 million; diluted EPS guidance raised to $4.75 to $4.95
Full-year 2025 Adjusted EBITDA guidance raised to $510 million to $530 million
Gross profit as a percentage of revenue fell to 10.8% from 12.0% a year earlier
HealthStream reported third-quarter 2025 revenue of $76.5 million, up 4.6%, and net income of $6.1 million, up 6.3%, with diluted EPS of $0.20 versus $0.19 a year earlier. The company narrowed its full-year 2025 guidance ranges, with revenue now expected at $299.5 million to $301.5 million, versus the prior $297.5 million to $303.5 million, while the midpoints of the revenue, net income and adjusted EBITDA ranges are unchanged.
Q3 2025 revenue was $76.5 million, up from $73.1 million; operating income rose 16.5% to $7.6 million.
Full-year 2025 revenue guidance is $299.5 million to $301.5 million; adjusted EBITDA guidance is $69.5 million to $71.5 million.
The Board declared a quarterly dividend of $0.031 per share, payable November 28, 2025 to holders of record on November 17, 2025.
The Virsys12 acquisition closed October 8, 2025, for $13.0 million in cash plus up to $4.0 million contingent on performance.
RingCentral reported third quarter 2025 revenue of $639 million, up 5% year over year, and GAAP net income per diluted share of $0.19, compared with a loss of $0.09 a year earlier. The company raised its full-year 2025 free cash flow guidance to $525 million to $530 million and gave fourth quarter revenue guidance of $638 million to $646 million.
Total revenue was $639 million, up 5% from $609 million in Q3 2024; subscriptions revenue rose 6% to $616 million.
GAAP net income per diluted share was $0.19 versus a loss of $0.09; non-GAAP diluted EPS was $1.13 versus $0.95.
Free cash flow was $130 million, up 23% year over year, and full-year 2025 free cash flow guidance was raised to $525 million to $530 million.
The company repurchased $117 million of stock in Q3 and has approximately $384 million remaining under its total authorization.
Addus HomeCare reported third-quarter 2025 results on November 3, 2025, with net service revenues up 25.0% to $362.3 million and net income of $22.8 million, or $1.24 per diluted share, compared with $1.10 a year earlier. The company also completed its $7.4 million purchase of the personal care operations of Del Cielo Home Care Services in Texas on October 1, 2025.
Net income was $22.8 million for the quarter, compared with $20.2 million a year earlier; adjusted net income per diluted share was $1.56, compared with $1.30.
Adjusted EBITDA rose 31.6% to $45.1 million from $34.3 million.
Del Cielo serves about 700 clients in the Coastal Bend region of Texas and has annualized revenues of about $12.5 million.
As of September 30, 2025, the company had cash of $101.9 million and bank debt of $154.3 million.
Unum Group reported third-quarter 2025 net income of $39.7 million ($0.23 per diluted share), down from $645.7 million ($3.46 per diluted share) a year earlier. The decline reflects an after-tax net reserve increase of $377.8 million tied to annual assumption updates, mainly in long-term care. Adjusted operating income fell to $357.1 million ($2.09 per diluted share) from $398.0 million ($2.13), and the company said it expects a comparable $0.10 per share effect in the fourth quarter.
Net income was $39.7 million ($0.23 per diluted share) in Q3 2025, versus $645.7 million ($3.46) in Q3 2024.
After-tax net reserve increase of $377.8 million ($2.21 per diluted share), mainly from long-term care assumption updates.
Adjusted operating income was $357.1 million ($2.09 per diluted share), compared with $398.0 million ($2.13) a year earlier.
Premium income grew 2.9 percent on a constant currency basis; the company returned about $980 million to shareholders year-to-date and will host a call on November 4, 2025 at 8:00 am Eastern Time.
Atlas Energy Solutions reported third quarter 2025 revenue of $259.6 million, down 10.1% from the second quarter, and a net loss of $23.7 million, or $0.19 per share. The company also suspended its quarterly common stock dividend and projected lower Adjusted EBITDA for the fourth quarter, so shareholders face both a lower payout and weaker near-term earnings.
Q3 2025 revenue was $259.6 million, down $29.1 million from Q2 2025; Adjusted EBITDA fell to $40.2 million from $70.5 million.
Net loss was $23.7 million ($0.19 per share), compared with a net loss of $5.6 million in Q2 2025.
The quarterly common stock dividend was suspended; dividend payments were $30.9 million in Q3 2025.
Fourth quarter 2025 Adjusted EBITDA is projected to be lower sequentially, with Sand & Logistics volumes forecast at about 4.8 million tons.
Innovex International reported third-quarter 2025 revenue of $240 million, up 7% from $224.2 million in the prior quarter, and net income of $39.2 million, up from $15.3 million. Net income included a $40.9 million gain on sale of assets, and Adjusted EBITDA fell to $43.6 million from $46.6 million as margin declined to 18% from 21%. The company guided fourth-quarter revenue to $235 million to $245 million and Adjusted EBITDA to $42 million to $47 million.
Q3 2025 revenue $240.0 million vs. $224.2 million in Q2 2025 and $151.8 million in Q3 2024
Net income $39.2 million, or $0.57 per diluted share, vs. $0.22 per diluted share in Q2 2025; Q3 2024 net income was $82.6 million
Adjusted EBITDA $43.6 million, margin 18%, vs. $46.6 million and 21% in Q2 2025; company cites Eldridge facility relocation costs
Q4 2025 guidance: revenue $235 million to $245 million; Adjusted EBITDA $42 million to $47 million
Ormat Technologies reported third-quarter 2025 total revenue of $249.7 million, up 17.9% from a year earlier, and net income attributable to stockholders of $24.1 million, up 9.3%. The company raised its 2025 guidance, now projecting total revenues of $960 million to $980 million and adjusted EBITDA of $575 million to $593 million, which signals higher expected full-year results for shareholders.
Q3 2025 diluted EPS was $0.39, up 8.3% from $0.36; adjusted diluted EPS was $0.41, down from $0.42.
Q3 adjusted EBITDA was $138.4 million, up 0.6%; Product segment revenue rose 66.6% and Energy Storage revenue rose 108.1%.
Product segment backlog was approximately $295 million as of November 3, 2025.
Board declared a quarterly dividend of $0.12 per share, payable December 1, 2025, to holders of record as of November 17, 2025.
Goodyear reported a third-quarter 2025 net loss of $2.2 billion, driven by a $1.4 billion non-cash deferred tax asset valuation allowance and a $674 million non-cash goodwill impairment charge. Excluding significant items, net sales of $4.6 billion, segment operating income of $287 million and adjusted EPS of $0.28 all declined from the prior-year quarter. The company also completed the $650 million sale of its Chemical business on October 31, with about $580 million in cash proceeds that it said will be used to reduce debt.
Q3 2025 net loss of $2.2 billion ($7.62 per share), versus a net loss of $37 million ($0.13 per share) a year earlier
Adjusted EPS of $0.28 versus $0.36 a year earlier; adjusted net income of $82 million versus $102 million
Net sales of $4.6 billion versus $4.8 billion; segment operating income of $287 million versus $346 million
Chemical business sold October 31, 2025 for a $650 million purchase price, with cash proceeds of approximately $580 million
SBA Communications reported third-quarter 2025 results on November 3, 2025. Total revenues rose to $732.3 million from $667.6 million, but net income fell to $240.4 million from $255.9 million and diluted EPS fell to $2.20 from $2.40. The company also narrowed its full-year 2025 outlook, lowering the Adjusted EBITDA midpoint by $4.0 million on the timing of the Canada tower sale and Millicom site closings, and declared a $1.11 quarterly dividend.
Total revenues $732.3 million vs. $667.6 million a year earlier; site leasing revenue $656.4 million, up 4.9%
Net income $240.4 million vs. $255.9 million; diluted EPS $2.20 vs. $2.40
Full-year 2025 Adjusted EBITDA outlook $1,909 million to $1,919 million, $4.0 million lower at the midpoint than the August 4, 2025 outlook
Quarterly dividend of $1.11 per share, payable December 11, 2025 to holders of record on November 13, 2025
Corebridge Financial reported third quarter 2025 net income of $144 million, or $0.27 per share, compared with a loss of $1.2 billion a year earlier. Operating EPS fell to $0.96 from $1.23, and adjusted pre-tax operating income dropped 29% to $654 million, partly due to an annual actuarial assumption update. The company also said it is looking forward to welcoming its next CEO.
Net income was $144 million ($0.27 per share) versus a loss of $1.2 billion ($2.02 per share loss) in Q3 2024.
Operating EPS was $0.96 versus $1.23 a year earlier; adjusted pre-tax operating income was $654 million, down 29%.
Premiums and deposits rose 34% to $12.3 billion; the company returned $509 million to shareholders, including $381 million in share repurchases.
The board declared a quarterly dividend of $0.24 per share, payable December 31, 2025, to holders of record on December 17, 2025.
Crescent Energy reported third-quarter 2025 total revenues of $866.6 million, up from $744.9 million a year earlier, and a net loss attributable to the company of $9.5 million, or $0.04 per share, compared with a $9.9 million loss, or $0.07 per share, in the prior-year quarter. The company also improved its 2025 capital outlook by about 4% and is pursuing an approximately $3.1 billion all-stock acquisition of Vital Energy, expected to close in late fourth quarter 2025.
Q3 total revenues were $866.6 million versus $744.9 million; net loss attributable to Crescent was $9.5 million ($0.04 per share) versus $9.9 million ($0.07 per share) a year earlier.
Operating cash flow was $473 million, levered free cash flow $204 million and Adjusted EBITDAX $487 million; Adjusted Net Income was $88 million.
The 2025 capital outlook improved about 4% versus the original outlook, with production maintained when adjusted for divestitures.
Vital Energy acquisition valued at about $3.1 billion, inclusive of net debt; more than $700 million of non-core divestitures signed in September and October 2025.
Comstock Resources reported third quarter 2025 results, with net income of $118 million ($0.40 per diluted share) compared with a net loss of $25.7 million a year earlier. The result includes a $116.4 million unrealized hedging gain, and adjusted net income was $27.9 million ($0.09 per share), which management attributes largely to higher natural gas prices. The company also said it expects to close the $430 million Shelby Trough sale in December 2025 and use the proceeds to reduce long-term debt.
Total revenues were $449.9 million, up from $304.5 million in the third quarter of 2024.
Natural gas and oil sales including realized hedging gains were $335 million; operating cash flow was $190 million ($0.65 per diluted share).
Adjusted net income was $27.9 million ($0.09 per diluted share), compared with an adjusted net loss of $48.5 million a year earlier.
The $430 million Shelby Trough divestiture, agreed October 10, 2025, is expected to close in December 2025.
Williams reported third-quarter 2025 results with adjusted EBITDA of $1.920 billion, up 13% from a year earlier, and total revenues of $2.923 billion, up from $2.653 billion. GAAP net income available to common stockholders fell to $646 million, or $0.53 per diluted share, from $705 million, or $0.58, a year earlier, and the company reaffirmed its 2025 adjusted EBITDA guidance midpoint of $7.75 billion while raising its 2025 growth capital budget by $500 million.
Adjusted EBITDA was $1.920 billion, up $217 million or 13% from third quarter 2024; adjusted EPS was $0.49, up 14%.
GAAP net income was $646 million ($0.53 per diluted share), down from $705 million ($0.58) a year earlier, including a $25 million compression asset write-off.
Cash flow from operations rose 16% to $1.439 billion; AFFO rose 13% to $1.449 billion.
2025 adjusted EBITDA guidance midpoint of $7.75 billion was reaffirmed; 2025 growth capex was increased by $500 million to between $3.95 billion and $4.25 billion for the Louisiana LNG project with Woodside Energy.
Fabrinet reported fiscal first-quarter 2026 results for the quarter ended September 26, 2025, with revenue of $978.1 million and GAAP diluted EPS of $2.66, both up from the prior-year quarter. The company said revenue was above its guidance range and issued second-quarter guidance of $1.05 billion to $1.10 billion in revenue and $2.91 to $3.06 in GAAP diluted EPS.
Q1 revenue was $978.1 million, up from $804.2 million a year earlier.
GAAP net income was $95.9 million, or $2.66 per diluted share, versus $77.4 million, or $2.13, a year earlier.
Non-GAAP diluted EPS was $2.92, compared with $2.39 a year earlier.
Q2 guidance (quarter ending December 26, 2025): revenue of $1.05 billion to $1.10 billion; GAAP diluted EPS of $2.91 to $3.06.
CNO Financial Group reported third quarter 2025 net income of $23.1 million, or $0.24 per diluted share, up from $9.3 million, or $0.09, a year earlier, and total revenues of $1,188.7 million compared with $1,129.6 million. The results include a $96.7 million non-operating goodwill and other asset impairment tied to the Web Benefits Design and DirectPath acquisitions, and the company raised its run rate operating return on equity target by 50 basis points.
Net income was $23.1 million, or $0.24 per diluted share, versus $9.3 million, or $0.09, in 3Q24.
Net operating income was $127.2 million, or $1.29 per diluted share, versus $119.2 million, or $1.11, in 3Q24.
A $96.7 million non-operating charge covered goodwill and other asset impairment related to the 2019 and 2021 acquisitions of Web Benefits Design and DirectPath.
The operating ROE target was raised by 50 basis points, for 200 basis points of total improvement through 2027 from a 2024 run rate of 10%.
Boise Cascade reported third quarter 2025 net income of $21.8 million, or $0.58 per diluted share, down from $91.0 million, or $2.33 per share, a year earlier. Sales were $1.67 billion, down 3%, as lower engineered wood product and plywood prices and volumes hit the Wood Products segment, which posted a loss. Shareholders also got a new $300.0 million buyback authorization and a $0.22 quarterly dividend.
Net income was $21.8 million, or $0.58 per diluted share, versus $91.0 million, or $2.33 per share, in Q3 2024.
Sales were $1,667.8 million, down 3% from $1,713.7 million, with Wood Products sales down 13%.
Wood Products posted a segment loss of $12.1 million, compared with segment income of $53.9 million a year earlier.
On October 30, 2025, the board authorized repurchases of up to $300.0 million of common stock and declared a $0.22 quarterly dividend payable December 17, 2025.
BWX Technologies reported third-quarter 2025 revenue of $866.3 million, up 29% from $672.0 million a year earlier, and GAAP diluted EPS of $0.89, up from $0.76. The company raised its 2025 non-GAAP EPS guidance to $3.75-$3.80 from $3.65-$3.75 and introduced a preliminary 2026 outlook for low-double-digit to low-teens adjusted EBITDA growth, which gives shareholders higher earnings expectations for the year.
Revenue was $866.3 million versus $672.0 million a year earlier; Commercial Operations revenue rose 122% to $251.0 million.
GAAP net income was $82.2 million versus $69.6 million, and non-GAAP EPS was $1.00 versus $0.83.
2025 non-GAAP EPS guidance was raised to $3.75-$3.80 from $3.65-$3.75; adjusted EBITDA guidance was narrowed to about $570 million, the mid-point of the prior range.
Backlog reached $7.4 billion, up 119% year over year, driven by large, multi-year special materials projects.
ONE Gas reported third-quarter 2025 net income of $26.5 million, or $0.44 per diluted share, up from $19.3 million, or $0.34, a year earlier. The company narrowed its 2025 diluted EPS guidance to $4.34 to $4.40 from $4.32 to $4.42, with the midpoint unchanged, and declared a quarterly dividend of $0.67 per share for shareholders.
Q3 2025 net income was $26.5 million, or $0.44 per diluted share, versus $19.3 million, or $0.34, in Q3 2024.
Year-to-date 2025 net income was $177.9 million, or $2.94 per diluted share, versus $145.8 million, or $2.56, a year earlier.
2025 diluted EPS guidance narrowed to $4.34 to $4.40 from $4.32 to $4.42; net income guidance is $262 million to $266 million.
Dividend of $0.67 per share is payable December 1, 2025, to holders of record on November 14, 2025.
Tennant reported third quarter 2025 net sales of $303.3 million, down 4.0% from a year earlier, while GAAP net income fell 28.4% to $14.9 million. Adjusted diluted EPS rose 5.0% to $1.46, and the company reaffirmed its full-year net sales and Adjusted EBITDA ranges but now expects organic growth marginally below its prior range, with Adjusted EBITDA toward the low end of $196 million to $209 million.
Q3 net sales of $303.3 million fell 4.0%, with a 5.4% organic decline driven mainly by volume in the Americas.
GAAP diluted EPS was $0.80 versus $1.09, while adjusted diluted EPS was $1.46 versus $1.39.
Adjusted EBITDA rose 4.0% to $49.8 million, and the margin widened 120 basis points to 16.4%.
2025 guidance: net sales $1.210 billion to $1.250 billion reaffirmed; organic growth now projected marginally below the prior (1)% to (4)% range.
Eastman Chemical reported third-quarter 2025 sales of $2.2 billion, down 11% from $2.46 billion a year earlier, and GAAP diluted EPS of $0.40 versus $1.53. The company attributed the decline mainly to lower sales volume, weak consumer demand, and customers reducing tariff-related inventory. It projects full-year 2025 adjusted EPS of $5.40 to $5.65 and operating cash flow approaching $1 billion, which shareholders will weigh against the sharp year-over-year drop in earnings.
Q3 2025 sales were $2,202 million versus $2,464 million in Q3 2024, down 11%; adjusted EBIT was $210 million versus $366 million.
Q3 2025 adjusted diluted EPS was $1.14 versus $2.26 a year earlier; GAAP diluted EPS was $0.40 versus $1.53.
Operating cash flow was $402 million, compared with $396 million in Q3 2024, helped by $204 million of inventory reduction.
Full-year 2025 adjusted diluted EPS is projected at $5.40 to $5.65, and the company expects to reduce costs by more than $75 million net of inflation in 2025.
Sarepta reported third-quarter 2025 total revenues of $399.4 million, down 15% from $467.2 million a year earlier, and a GAAP net loss of $179.9 million, or $1.80 per diluted share, compared with GAAP net income of $33.6 million a year earlier. The filing also disclosed that the ESSENCE confirmatory trial for AMONDYS 45 and VYONDYS 53 did not reach statistical significance on its primary endpoint, and the company plans to meet with the FDA about a path to traditional approval.
Total revenues were $399.4 million versus $467.2 million a year earlier; ELEVIDYS net product revenue fell $49.5 million after shipments to non-ambulatory patients in the U.S. were suspended in June 2025.
GAAP diluted loss per share was $1.80, compared with earnings of $0.34; non-GAAP diluted loss per share was $0.13, compared with earnings of $0.64.
A $138.6 million loss on debt extinguishment and $40.5 million in restructuring charges were recorded in the quarter.
Cash, cash equivalents, restricted cash and investments were $865.2 million at September 30, 2025, down from $1,503.5 million at December 31, 2024.
Upwork reported third-quarter 2025 revenue of $201.7 million, up 4% year over year, and net income of $29.3 million, up 6%. The company raised its full-year 2025 revenue and adjusted EBITDA guidance, while its fourth-quarter revenue guidance of $193 million to $198 million is below the third-quarter result.
Q3 2025 revenue of $201.7 million, up 4% year over year; net income of $29.3 million, up 6%
Diluted EPS of $0.21 versus $0.20 in Q3 2024; adjusted EBITDA of $59.6 million, up 38%
Full-year 2025 revenue guidance raised to $782 million to $787 million; adjusted EBITDA guidance raised to $222 million to $225 million
Q4 2025 revenue guidance of $193 million to $198 million; Q4 adjusted EBITDA guidance of $49 million to $52 million
UFP Technologies reported third-quarter 2025 sales of $154.6 million, up 6.5%, while net income of $16.4 million and diluted EPS of $2.11 were flat with a year earlier. Higher costs, including about $3 million in incremental labor expense at its Illinois AJR facility, pushed gross margin down to 27.7% and operating income down 5.6%. Nine-month sales rose 26.0% to $453.9 million and diluted EPS rose to $6.52 from $5.49, though the filing gives no forward guidance.
Q3 2025 sales were $154.6 million, up 6.5% from $145.2 million; organic sales were essentially flat.
Q3 diluted EPS was $2.11, the same as Q3 2024; adjusted EPS was $2.39 versus $2.49.
Gross margin fell to 27.7% from 28.6%, and about $3 million in incremental labor cost was incurred at the AJR facility.
Nine-month net income was $50.7 million, or $6.52 per diluted share, versus $42.6 million, or $5.49, a year earlier.
Solaris Energy Infrastructure reported third quarter 2025 revenue of $167 million, up 12% from the second quarter, and net income of $25 million, or $0.31 per diluted share. The company raised its fourth quarter 2025 Total Adjusted EBITDA guidance to $65-70 million from $58-63 million and issued first quarter 2026 guidance of $70-75 million, while its Logistics Solutions segment revenue and EBITDA declined.
Revenue of $167 million rose 12% from the second quarter of 2025; Solaris Power Solutions revenue of $105 million rose 39%.
Net income of $25 million, or $0.31 per diluted share, compared with $0.30 per diluted share in the second quarter of 2025.
Fourth quarter 2025 Total Adjusted EBITDA guidance raised to $65-70 million from $58-63 million; first quarter 2026 guidance set at $70-75 million.
Logistics Solutions revenue fell 16% to $62 million and segment Adjusted EBITDA fell 23% to $17 million.
Safety Insurance Group reported third quarter 2025 net income of $28.3 million, or $1.91 per diluted share, up from $25.9 million, or $1.73, a year earlier. The combined ratio improved to 98.9% from 100.7%, and the board approved a $0.92 quarterly dividend. The company also said it intends to resume share repurchases, with $44.76 million remaining under its $200 million authorization.
Net income of $28.3 million, or $1.91 per diluted share, versus $25.9 million, or $1.73, in Q3 2024
Non-GAAP operating income of $1.48 per diluted share, versus $1.10 in Q3 2024
Net earned premiums rose 12.5% to $291.0 million; combined ratio improved to 98.9% from 100.7%
Quarterly dividend of $0.92 per share, payable December 15, 2025 to holders of record on December 1, 2025
IAC reported third-quarter 2025 revenue of $589.8 million, down 8% from $642.0 million a year earlier, and an operating loss of $20.4 million compared with operating income of $8.1 million. The net loss attributable to IAC shareholders narrowed to $21.9 million, or $0.27 per diluted share, from $243.7 million, helped by a $17.5 million unrealized gain on its MGM Resorts stake versus a $346.3 million loss a year earlier. Adjusted EBITDA fell 59% to $29.1 million, and the company set full-year 2025 outlook for People Inc. operating income of $180-$200 million and Adjusted EBITDA of $325-$340 million.
Revenue of $589.8 million fell 8%; People Inc. Digital revenue rose 9% to $269 million.
Operating loss of $20.4 million includes $21 million of legal fees and settlement expenses tied to a concluded legacy business litigation.
IAC repurchased 2.8 million shares for $100 million between August 6 and October 31, 2025, leaving 6.4 million shares in its authorization.
People Inc. signed a deal with Microsoft to help build its AI Publisher Content Marketplace and acquired Feedfeed on October 1, 2025.
Clorox reported first-quarter fiscal 2026 net sales of $1.43 billion, down 19%, and diluted EPS of $0.65, down 19% from $0.80. Adjusted EPS fell 54% to $0.85, which the company attributes mainly to lower sales tied to its ERP transition. The company maintained its full-year fiscal 2026 outlook but said current expectations are toward the lower end of the range.
Net sales fell 19% to $1.43 billion, driven mainly by lower shipments related to the ERP transition
Adjusted EPS of $0.85 compared with $1.86 a year earlier; GAAP diluted EPS was $0.65 versus $0.80
Full-year fiscal 2026 net sales still expected to fall 6% to 10%, and diluted EPS between $5.60 and $5.95
Retailer inventory drawdown is expected to reduce fiscal 2026 diluted EPS by about 90 cents
Realty Income reported third-quarter 2025 net income available to common stockholders of $315.8 million, or $0.35 per share, up from $261.8 million, or $0.30 per share, a year earlier, on revenue of $1,470.6 million. The company narrowed its 2025 AFFO per share guidance to $4.25 to $4.27 and raised its investment volume guidance to approximately $5.5 billion, but lowered its net income per share guidance to $1.27 to $1.29 from $1.29 to $1.33.
Q3 2025 AFFO was $1.08 per diluted share, compared with $1.05 a year earlier; total revenue was $1,470.6 million, compared with $1,330.9 million.
2025 AFFO per share guidance was revised to $4.25 to $4.27, from $4.24 to $4.28 previously.
2025 net income per share guidance was revised to $1.27 to $1.29, from $1.29 to $1.33 previously.
2025 investment volume guidance was raised to approximately $5.5 billion, from approximately $5.0 billion previously.
Ichor reported third quarter 2025 revenue of $239.3 million, up from $211.1 million a year earlier but slightly below $240.3 million in the prior quarter, while its GAAP net loss widened to $22.9 million, or $(0.67) per diluted share. The company guided fourth quarter revenue to $210 million to $230 million, and management said the loss included a $16.7 million inventory impairment tied to a consolidation restructuring plan.
Q3 2025 revenue was $239.3 million, versus $240.3 million in Q2 2025 and $211.1 million in Q3 2024.
GAAP net loss was $22.9 million, or $(0.67) per diluted share, compared with a $9.4 million loss in Q2 2025.
Non-GAAP diluted EPS was $0.07; GAAP gross margin fell to 4.6% from 11.3% in Q2 2025.
Q4 2025 outlook: revenue of $210 million to $230 million (midpoint $220 million) and GAAP diluted EPS of $(0.33) to $(0.17).
ZoomInfo reported third-quarter 2025 revenue of $318.0 million, up 5% from a year earlier, and GAAP net income of $38.7 million, up from $23.8 million. The company raised its full-year 2025 GAAP revenue guidance to $1.237 billion-$1.240 billion from $1.215 billion-$1.225 billion and its adjusted EPS guidance to $1.04-$1.06 from $0.99-$1.01. Unlevered free cash flow fell 14% to $95.3 million, and the company repurchased $86.6 million of its stock during the quarter.
Q3 2025 revenue was $318.0 million, up 5% year-over-year; GAAP operating income was $67.5 million versus $43.5 million a year earlier.
Diluted GAAP EPS was $0.12 versus $0.07; adjusted diluted EPS was $0.28, unchanged from the prior year.
Full-year 2025 GAAP revenue guidance was raised to $1.237-$1.240 billion; Q4 2025 revenue is guided to $307-$310 million.
The company repurchased 8.3 million shares at an average price of $10.46 for $86.6 million in the quarter.
Harmonic reported preliminary, unaudited third-quarter 2025 results for the quarter ended September 26, 2025, in a press release furnished with this 8-K. Revenue was $142.4 million, down from $195.8 million a year earlier, and GAAP net income fell to $2.7 million, or $0.02 per share, from $21.7 million, or $0.19 per share. The company also gave fourth-quarter 2025 GAAP net revenue guidance of $133 million to $147 million.
Q3 2025 revenue was $142.4 million versus $195.8 million in Q3 2024; Broadband was $90.5 million (versus $145.3 million) and Video was $51.9 million (versus $50.4 million).
GAAP net income was $2.7 million ($0.02 per share) versus $21.7 million ($0.19 per share) a year earlier; Non-GAAP net income per share was $0.12 versus $0.26.
Q4 2025 guidance projects total GAAP net revenue of $133 million to $147 million and Non-GAAP adjusted EBITDA of $13 million to $22 million.
Harmonic repurchased about 1.8 million shares for $15.7 million in the quarter and reported cash of $127.4 million at quarter end.
Hims & Hers reported third quarter 2025 revenue of $599.0 million, up 49% from a year earlier, and Adjusted EBITDA of $78.4 million, up from $51.1 million. Net income fell to $15.8 million from $75.6 million, a year-earlier figure that included a $60.8 million tax benefit. The company narrowed its full-year 2025 revenue guidance to $2.335 billion to $2.355 billion and Adjusted EBITDA guidance to $307 million to $317 million.
Q3 2025 revenue was $599.0 million, up 49% from $401.6 million; subscribers reached 2,471 thousand, up 21%.
Q3 2025 net income was $15.8 million, compared with $75.6 million in Q3 2024, which included a $60.8 million tax benefit.
Q3 2025 Adjusted EBITDA was $78.4 million, up from $51.1 million; gross margin was 74%, down from 79%.
Full-year 2025 guidance was narrowed to $2.335 billion to $2.355 billion in revenue; Q4 2025 revenue guidance is $605 million to $625 million.
Sterling Infrastructure reported third quarter 2025 revenue of $689.0 million, up from $593.7 million a year earlier, and net income of $92.1 million, or $2.97 per diluted share, versus $1.97 a year earlier. The company raised its full year 2025 guidance, with diluted EPS now expected at $8.73 to $8.87, and Building Solutions revenue declined 1% in the quarter.
Q3 2025 revenue of $689.0 million versus $593.7 million in Q3 2024; net income of $92.1 million, or $2.97 per diluted share, versus $1.97
Full year 2025 guidance: net income of $270 million to $275 million and diluted EPS of $8.73 to $8.87
Full year 2025 adjusted diluted EPS guidance of $10.35 to $10.52, a non-GAAP measure
Management conference call scheduled for November 4, 2025 at 9:00 a.m. ET
V2X reported third-quarter 2025 revenue of $1.17 billion, up 8% from a year earlier, and net income of $24.6 million, up from $15.1 million. The company raised the midpoints of its 2025 guidance for revenue, adjusted EBITDA, and adjusted diluted EPS, but lowered the midpoint of its adjusted operating cash flow outlook, which it attributed to possible timing delays in collections.
Third-quarter revenue of $1.17 billion, up 8% year over year; diluted EPS of $0.77 versus $0.47 a year earlier
Adjusted diluted EPS of $1.37, up 6% year over year; adjusted EBITDA of $85.2 million
2025 revenue guidance now $4,425 million to $4,500 million, up from $4,375 million to $4,500 million (in millions of dollars)
2025 adjusted operating cash flow guidance lowered to $120 million to $150 million from $150 million to $170 million
Lattice Semiconductor reported third-quarter 2025 revenue of $133.3 million, up 4.9% from a year earlier and 7.6% from the prior quarter, with non-GAAP earnings of $0.28 per diluted share. GAAP net income fell to $2.8 million, or $0.02 per diluted share, from $7.2 million a year earlier, and the company guided fourth-quarter revenue to $138 million to $148 million. Shareholders get higher revenue and non-GAAP profit, but GAAP profit is lower than a year ago.
Q3 2025 revenue was $133.3 million, up 7.6% from Q2 2025 and 4.9% from Q3 2024.
GAAP net income was $2.8 million, or $0.02 per diluted share, versus $7.2 million, or $0.05, in Q3 2024; GAAP operating loss was $1.5 million.
Non-GAAP net income per diluted share was $0.28, compared with $0.24 in both Q2 2025 and Q3 2024.
Q4 2025 guidance: revenue of $138 million to $148 million and non-GAAP net income of $0.30 to $0.34 per share.
Diamondback Energy reported third quarter 2025 net income attributable to the company of $1,018 million, or $3.51 per diluted share, up from $659 million, or $3.19 per share, a year earlier. Total revenues rose to $3,924 million from $2,645 million, and the company raised its full-year 2025 oil production guidance to 495 - 498 MBO/d while narrowing its capital spending range.
Q3 2025 net income attributable to Diamondback was $1,018 million ($3.51 diluted EPS), versus $659 million ($3.19) in Q3 2024.
Total return of capital in Q3 2025 was $892 million, including $603 million of share repurchases and the $1.00 per share base dividend payable November 20, 2025.
Full-year 2025 oil production guidance was raised to 495 - 498 MBO/d; cash capital expenditures were narrowed to $3.45 - $3.55 billion.
Closed divestitures of Environmental Disposal Systems on October 1 ($694 million upfront cash) and EPIC Crude interest on October 31 ($504 million upfront cash).
Qorvo reported fiscal 2026 second-quarter results for the quarter ended September 27, 2025, with GAAP revenue of $1.1 billion, up 1.1% from a year earlier, and GAAP diluted EPS of $1.28 versus a loss of $0.18 in the prior-year quarter. The company guided to December quarter revenue of about $985 million, plus or minus $50 million, and non-GAAP diluted EPS of $1.85, plus or minus 20 cents, which the filing presents as the outlook for shareholders to weigh.
GAAP revenue was $1,058.5 million, up $12.0 million, or 1.1%, from $1,046.5 million a year earlier
GAAP operating income was $157.7 million, versus $9.7 million a year earlier; non-GAAP operating income was $252.6 million
Non-GAAP diluted EPS was $2.22, versus $1.88 a year earlier; non-GAAP gross margin was 49.7%
December 2025 quarter outlook: revenue of about $985 million, plus or minus $50 million; non-GAAP gross margin of 47% to 49%
Sanmina reported unaudited fourth-quarter fiscal 2025 revenue of $2.1 billion, up from $2.0 billion a year earlier, and non-GAAP diluted EPS of $1.67, up from $1.43. GAAP diluted EPS fell to $0.88 from $1.09, and GAAP operating income was $78.5 million versus $89.6 million, with acquisition and integration charges of $27.1 million in the quarter. The company also guided first-quarter fiscal 2026 revenue to $2.9 billion to $3.2 billion and non-GAAP diluted EPS to $1.95 to $2.25.
Q4 revenue $2.1 billion versus $2.0 billion a year earlier; GAAP diluted EPS $0.88 versus $1.09
Non-GAAP diluted EPS $1.67 versus $1.43; GAAP operating margin 3.7% versus 4.4%
Fiscal 2025 revenue $8.1 billion; cash flow from operations $621 million; free cash flow $478 million
Q1 fiscal 2026 outlook: revenue $2.9 billion to $3.2 billion; non-GAAP diluted EPS $1.95 to $2.25
Viper Energy reported a third quarter 2025 net loss attributable to Viper of $77 million, or $0.52 per Class A share, compared with net income of $49 million in the third quarter of 2024. The loss was driven mainly by a $360 million non-cash impairment, while total operating income rose to $418 million from $211 million a year earlier. The company also agreed to sell its non-Permian assets for $670 million, expected to close in the first quarter of 2026, and declared a total base-plus-variable dividend of $0.58 per share.
Q3 2025 net loss attributable to Viper of $77 million, or $0.52 per Class A share, versus net income of $49 million in Q3 2024
Q3 2025 pro forma cash available for distribution of $165 million, or $0.97 per Class A share
Declared Q3 2025 base dividend of $0.33 and variable dividend of $0.25 per Class A share, payable November 20, 2025
Agreed to sell non-Permian assets for $670 million, with closing expected in Q1 2026
Inspire Medical Systems reported third-quarter 2025 revenue of $224.5 million, up 10%, but net income fell to $9.9 million from $18.5 million, and diluted EPS was $0.34 versus $0.60 a year earlier. The company raised its full-year 2025 diluted EPS guidance to $0.90 to $1.00 from $0.40 to $0.50 while maintaining full-year revenue guidance of $900 million to $910 million.
Q3 revenue was $224.5 million, up 10% from $203.2 million; U.S. revenue was $214.4 million, up 9%.
Net income was $9.9 million versus $18.5 million, and diluted EPS was $0.34 versus $0.60 a year earlier.
Full-year 2025 diluted EPS guidance raised to $0.90 to $1.00 from $0.40 to $0.50; revenue guidance maintained at $900 million to $910 million.
Operating expenses rose 17% to $183.1 million, and cash, cash equivalents and investments were $410.9 million at September 30, 2025.
Berkshire Hathaway reported third-quarter 2025 net earnings attributable to shareholders of $30,796 million, up from $26,251 million a year earlier, and operating earnings of $13,485 million, up from $10,090 million. For the first nine months, net earnings were $47,769 million, down from $69,301 million, while operating earnings rose to $34,286 million from $32,910 million. The release says investment gains and losses can distort per-share results, so shareholders are directed to the 10-Q for fuller detail.
Third-quarter 2025 net earnings were $30,796 million, including investment gains of $17,311 million.
Third-quarter 2025 operating earnings were $13,485 million, versus $10,090 million in the third quarter of 2024.
First nine months 2025 net earnings were $47,769 million, versus $69,301 million in the same period of 2024, and included a $3,760 million other-than-temporary impairment of Kraft Heinz.
Insurance float was approximately $176 billion at September 30, 2025, up $5 billion since yearend 2024.
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