1,673 material Form 8-K filings that 1,260 companies we cover made with the SEC in February 2026, 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).
GXO reported fourth-quarter and full-year 2025 results on February 10, 2026. Revenue rose 7.9% to $3.5 billion in the quarter and 12.5% to $13.2 billion for the year, but net income and adjusted diluted EPS declined in both periods. The company also issued 2026 guidance, including adjusted diluted EPS of $2.85 to $3.15, which the release says increases 20% at the midpoint.
Q4 2025: revenue $3.5 billion, up 7.9%; diluted EPS $0.37 vs. $0.83; adjusted diluted EPS $0.87 vs. $1.00
Full year 2025: net income $36 million vs. $138 million; diluted EPS $0.28 vs. $1.12; adjusted diluted EPS $2.51 vs. $2.80
Full year 2025 adjusted EBITDA $881 million vs. $815 million in 2024
2026 guidance: adjusted EBITDA $930 million to $970 million; organic revenue growth 4% to 5%
Diodes reported fourth quarter 2025 revenue of $391.6 million, up from $339.3 million a year earlier but roughly flat from $392.2 million in the prior quarter. GAAP net income was $10.2 million, or $0.22 per diluted share, compared with $8.2 million, or $0.18, a year earlier and $14.3 million, or $0.31, in the prior quarter. The company also expects first-quarter 2026 revenue of about $395 million, plus or minus 3 percent, which it says represents 19% growth year over year.
Q4 2025 revenue $391.6 million, up 15.4% year over year; full-year 2025 revenue $1.48 billion, up 13%
Q4 2025 GAAP gross margin 31.1%, versus 32.7% a year earlier and 30.7% in the prior quarter
Full-year 2025 GAAP diluted EPS $1.43, versus $0.95 in 2024; non-GAAP diluted EPS for Q4 was $0.34
Q1 2026 outlook: revenue about $395 million (plus or minus 3%) and GAAP gross margin of 31.5% (plus or minus 1 point)
Centrus Energy reported full-year 2025 revenue of $448.7 million and net income of $77.8 million, both up from 2024, and ended the year with $2.0 billion in unrestricted cash. Diluted earnings per share fell to $3.90 from $4.47, as the diluted share count rose to 19,925 thousand from 16,373 thousand, and fourth-quarter net income dropped to $17.8 million from $53.7 million. The company also guided to 2026 total revenue of $425 million to $475 million.
Full-year 2025 revenue was $448.7 million, up from $442.0 million in 2024; gross profit was $117.5 million, up from $111.5 million.
Diluted net income per share was $3.90 for 2025, down from $4.47 in 2024; basic was $4.33 versus $4.49.
Fourth-quarter 2025 net income was $17.8 million, down from $53.7 million a year earlier; diluted EPS was $0.79 versus $3.20.
For 2026, Centrus expects total revenue of $425 million to $475 million and total capital deployment of $350 million to $500 million.
Insperity reported a fourth-quarter 2025 net loss of $33 million, or $(0.88) per diluted share, as revenue rose 3% to $1.7 billion and gross profit fell 21% to $172 million. The company also announced a realignment plan that will eliminate about 4% of non-sales positions, with estimated one-time charges of about $9 million, and issued 2026 guidance for adjusted EBITDA of $170 million to $230 million.
Q4 2025: revenue up 3% to $1.7 billion; net loss $33 million; diluted EPS $(0.88) versus $(0.22) a year earlier
Full year 2025: revenue up 4% to $6.8 billion; net loss $7 million; adjusted EBITDA $131 million
Realignment Plan: about 4% of non-sales positions eliminated, with about $9 million in one-time charges, mostly in Q1 2026
2026 guidance: adjusted EBITDA $170 million to $230 million; adjusted EPS $1.69 to $2.72
O-I Glass reported full-year 2025 net sales of $6.4 billion, down from $6.5 billion, and a net loss attributable to the company of $0.84 per share, compared with a $0.69 loss in 2024, mainly due to restructuring-related items. Adjusted earnings rose to $1.60 per share from $0.81, and the company guided to 2026 adjusted EPS of $1.65 to $1.90 and adjusted EBITDA of $1.25 billion to $1.30 billion. For shareholders, the reported loss widened while the company expects higher adjusted earnings and free cash flow in 2026.
Net sales were $6.4 billion in 2025 versus $6.5 billion in 2024; loss before income taxes was $49 million versus earnings of $38 million.
Adjusted EPS was $1.60 in 2025 versus $0.81 in 2024; free cash flow was $168 million versus a $128 million use of cash.
2026 guidance: adjusted EBITDA of $1.25 billion to $1.30 billion, adjusted EPS of $1.65 to $1.90, and free cash flow of about $200 million.
Cumulative three-year Fit To Win benefit target raised to at least $750 million; 2025 benefits were $300 million.
Northern Oil and Gas said it expects a non-cash impairment charge of $260 million to $270 million for the fourth quarter of 2025, driven by lower average oil prices year over year. The company also estimated unrealized derivative gains of $84.0 million to $88.0 million and realized hedge gains of $70.0 million to $72.0 million for the quarter. The impairment does not affect cash flows, but it is a large charge that will weigh on reported fourth-quarter results, which remain preliminary and unaudited.
Expected non-cash impairment charge in Q4 2025 of $260 million to $270 million under the full-cost ceiling test; the company says it has no cash flow impact.
Estimated Q4 2025 unrealized mark-to-market gains on derivatives of $84.0 million to $88.0 million, and realized hedge gains of $70.0 million to $72.0 million.
Record 33 ground game transactions in Q4 2025, deploying about $77.0 million; 84 transactions and $173.5 million deployed for full-year 2025.
Figures are preliminary and unaudited, subject to financial closing and audit procedures, and may differ materially.
Edwards Lifesciences reported fourth-quarter 2025 net sales of $1.57 billion, up 13.3% from a year earlier, with TAVR sales up 12.0% and TMTT sales up more than 40%. Profit fell sharply on a GAAP basis: net income from continuing operations was $64.2 million, or $0.11 per diluted share, versus $345.0 million, or $0.58, a year earlier, after a $208.6 million litigation charge and a $99.8 million impairment on its JenaValve investment. The company said it has increased confidence in its 2026 outlook, including adjusted EPS of $2.90 to $3.05.
Q4 2025 net sales $1.57 billion, up 13.3% (11.6% constant currency); adjusted EPS $0.58 versus $0.59 a year earlier
GAAP diluted EPS from continuing operations $0.11, versus $0.58 in Q4 2024, reflecting $208.6 million in intellectual property and litigation expenses and a $99.8 million impairment loss
2026 guidance: constant currency sales growth of 8% to 10% and adjusted EPS of $2.90 to $3.05, with management citing increased confidence
Q1 2026 outlook: total sales of $1.55 billion to $1.63 billion and adjusted EPS of $0.70 to $0.76
Assurant reported fourth-quarter 2025 GAAP net income of $225.2 million, up 12% from a year earlier, and full-year net income of $872.7 million, up 15%. For 2026, the company expects Adjusted EBITDA excluding reportable catastrophes and Adjusted earnings per diluted share excluding reportable catastrophes to be consistent with 2025 levels, or to rise mid-to-high single digits excluding $113 million of favorable prior-year reserve development.
Q4 2025 GAAP net income per diluted share was $4.41, up 14% from $3.87; full-year 2025 was $16.93, up 17%.
Q4 2025 Adjusted earnings per diluted share excluding reportable catastrophes was $5.75, up 4% from $5.54.
Full-year 2025 net earned premiums, fees and other income reached $12.35 billion, up 8% from $11.42 billion.
Global Housing Adjusted EBITDA excluding reportable catastrophes is expected to decrease in 2026, while Global Lifestyle is expected to rise high single digits.
American International Group reported fourth-quarter and full-year 2025 results on February 10, 2026, and declared a quarterly dividend of $0.45 per share. Fourth-quarter GAAP net income per diluted share fell to $1.35 from $1.43 a year earlier, mainly due to a change in unrealized losses on its Corebridge stake, while adjusted after-tax income per diluted share rose 51% to $1.96. For the full year, GAAP EPS was $5.43 versus a loss of $2.17 in 2024, and adjusted EPS rose 43% to $7.09.
Q4 2025 General Insurance underwriting income was $670 million, up 48% year-over-year, with a combined ratio of 88.8%.
Full-year 2025 returned $6.8 billion to shareholders, including $5.8 billion of share repurchases and approximately $1.0 billion of dividends.
Quarterly dividend of $0.45 per share is payable March 30, 2026, to shareholders of record at the close of business on March 16, 2026.
Advanced Energy reported fourth-quarter 2025 revenue of $489 million, up from $415 million a year earlier, and full-year 2025 revenue of $1.80 billion, up 21%. Q4 diluted GAAP EPS from continuing operations was $1.31 versus $1.29 a year earlier, and non-GAAP EPS was $1.94 versus $1.30, while the company guided first-quarter 2026 revenue to $500 million plus or minus $20 million.
Q4 2025 revenue was $489 million, compared with $463 million in Q3 2025 and $415 million in Q4 2024.
Q4 2025 GAAP diluted EPS from continuing operations was $1.31; non-GAAP diluted EPS was $1.94. Q4 2024 GAAP results included a one-time, net tax benefit of $15 million.
Full-year 2025 cash flow from continuing operations was $235 million, and the company repurchased $30 million of common stock.
Q1 2026 guidance: revenue of $500 million plus or minus $20 million; GAAP EPS of $1.44 plus or minus $0.25; non-GAAP EPS of $1.94 plus or minus $0.25.
Mirion reported fourth-quarter 2025 revenue of $277.4 million, up 9.1% from a year earlier, and GAAP net income of $17.8 million, up 11.9%. Adjusted earnings per share fell to $0.15 from $0.17, and full-year 2025 revenue was $925.4 million, up from $860.8 million in 2024. The company also guided 2026 revenue growth of 22.0% to 24.0% and Adjusted EBITDA of $285 million to $300 million.
Q4 2025 revenue rose 9.1% to $277.4 million; GAAP net income was $17.8 million versus $15.9 million
Q4 GAAP EPS was $0.07, flat with 2024; adjusted EPS was $0.15 versus $0.17
FY2026 guidance: revenue growth of 22.0% to 24.0%, Organic Revenue growth of 5.0% to 7.0%, Adjusted EBITDA of $285 million to $300 million
FY2026 Adjusted EPS guidance of $0.50 to $0.57 per share, now including stock-based compensation
NETSTREIT reported fourth quarter and full year 2025 results, with Q4 net income of $0.02 per diluted share versus a loss of $0.07 a year earlier and AFFO up 3.1% to $0.33 per share. Core FFO slipped 3.1% in the quarter, to $0.31 per share, and the company reaffirmed its 2026 AFFO per share guidance of $1.35 to $1.39 while raising its quarterly dividend 2.3% to $0.22.
Q4 2025 gross investment activity was a record $245.4 million at a 7.5% cash yield.
Full year 2025 AFFO was $1.31 per diluted share, up 4.0% from $1.26; full year Core FFO was $1.23, down 2.4% from $1.26.
The quarterly dividend rises to $0.22 per share, payable March 31, 2026 to holders of record on March 16, 2026.
Management will hold an earnings conference call on February 11, 2026 at 11:00 AM ET.
Acadia Realty Trust reported fourth quarter 2025 revenue of $104.8 million, up from $93.3 million a year earlier, and FFO Before Special Items of $0.34 per share, up from $0.32. GAAP net earnings per share fell to $0.04 from $0.07, so the quarter's headline measures point in different directions. The company also gave initial 2026 FFO As Adjusted guidance of $1.21 to $1.25 per share, a new metric it will report beginning in 2026.
Q4 2025 total revenues were $104.8 million, versus $93.3 million in Q4 2024.
Q4 2025 FFO Before Special Items was $0.34 per share, versus $0.32; GAAP net earnings per share were $0.04, versus $0.07.
Full-year 2025 GAAP net earnings per share were $0.10, versus $0.19 in 2024; the filing cites a loss on change in control related to Georgetown Renaissance.
2026 FFO As Adjusted guidance is $1.21 to $1.25 per share, with REIT Portfolio same-property NOI growth of 5% to 9%.
Mattel reported fourth-quarter 2025 net sales of $1,766 million, up 7% as reported, while reported EPS fell to $0.34 from $0.42. For full year 2025, net sales were $5,348 million, down 1%, and reported EPS was $1.24 versus $1.58. The company guided 2026 adjusted EPS to $1.18-$1.30, below the 2025 actual of $1.41, and its board authorized a new $1.5 billion share repurchase program.
Q4 2025 net sales $1,766 million, up 7% as reported; reported operating income $141 million, down $17 million
FY2025 net sales $5,348 million, down 1%; reported EPS $1.24 vs. $1.58 a year earlier
2026 guidance: adjusted operating income $550-$600 million vs. $620 million in 2025; adjusted EPS $1.18-$1.30 vs. $1.41
Board authorized a $1.5 billion share repurchase, expected to be completed by 2028; Mattel repurchased $600 million of shares in 2025
Pegasystems reported fourth-quarter and full-year 2025 results, with Q4 revenue up 3% and annual contract value up 17% for the year. Q4 GAAP diluted EPS more than doubled, but non-GAAP diluted EPS fell 5%, and the GAAP figure includes a $175 million non-cash tax benefit. The company also extended its share repurchase program to June 30, 2027 and raised its authorization by $1 billion.
Q4 2025 total revenue was $504.3 million, up 3% from $490.8 million a year earlier; full-year revenue was $1.75 billion, up 17%.
Q4 2025 GAAP diluted EPS was $1.27 versus $0.63; non-GAAP diluted EPS was $0.76 versus $0.80, down 5%.
2026 guidance: revenue of $2.0 billion, GAAP diluted EPS of $1.87, non-GAAP diluted EPS of $2.75, and free cash flow of $575 million.
Share repurchase program expiration extended from June 30, 2026 to June 30, 2027, with authorized repurchases increased by $1 billion.
Electromed reported results for the quarter ended December 31, 2025. Net revenues rose 16.3% year over year to $18.9 million, and net income rose 40.3% to $2.8 million, or $0.32 per diluted share, compared with $0.22 a year earlier. The results show revenue and profit both improving, and the company also reported $2.8 million in share repurchases during the quarter.
Net revenues were $18.9 million, up 16.3% from $16.3 million in the prior-year quarter
Operating income was $3.6 million, up 42.4%, with an operating margin of 19.2% of net revenues
Net income was $2.8 million, or $0.32 per diluted share, versus $2.0 million, or $0.22 per diluted share
As of December 31, 2025, the company had $13.8 million in cash and no debt, after repurchasing $2.8 million of common stock in the quarter
Douglas Emmett reported fourth-quarter 2025 revenues of $249.4 million, up from $245.0 million a year earlier, but a net loss attributable to common stockholders of $6.8 million, compared with a $0.9 million loss in the prior-year quarter. FFO per fully diluted share fell to $0.35 from $0.38, and the company gave 2026 guidance of FFO per fully diluted share of $1.39 to $1.45 and a net loss per diluted share of $(0.20) to $(0.14).
Q4 2025 revenues were $249.4 million, up from $245.0 million in Q4 2024.
Q4 2025 net loss attributable to common stockholders was $6.8 million, versus $0.9 million in Q4 2024.
Q4 2025 FFO per fully diluted share was $0.35 versus $0.38; AFFO was $52.5 million versus $58.7 million.
2026 guidance: FFO per fully diluted share of $1.39 to $1.45 and net loss per diluted share of $(0.20) to $(0.14); guidance excludes future acquisitions, dispositions, and impairment charges.
Astera Labs reported fourth-quarter 2025 revenue of $270.6 million, up 17% from the prior quarter and 92% from a year earlier, and full-year 2025 revenue of $852.5 million, up 115%. GAAP net income for the quarter was $45.0 million, or $0.25 per diluted share, down from $91.1 million, or $0.50, in the third quarter, while GAAP net income for the full year was $219.1 million. The company guided first-quarter 2026 revenue to $286 million to $297 million and GAAP diluted EPS to $0.36 to $0.38.
Q4 2025 revenue $270.6 million, up 17% sequentially and 92% year-over-year
Q4 2025 GAAP net income $45.0 million, or $0.25 diluted EPS, versus $91.1 million and $0.50 in Q3 2025
Teradata reported fourth-quarter 2025 total revenue of $421 million, up 3% as reported and 1% in constant currency, with non-GAAP diluted EPS of $0.74 versus $0.53. For full-year 2025, total revenue fell 5% to $1.663 billion, while non-GAAP diluted EPS rose to $2.58 from $2.42. The company's 2026 outlook calls for total revenue of -2% to flat and non-GAAP diluted EPS of $2.55 to $2.65, so shareholders face a mixed picture of a stronger quarter but a weaker revenue trend.
Q4 2025 total revenue was $421 million, up 3% as reported; recurring revenue was $367 million, up 5%.
Q4 2025 GAAP diluted EPS was $0.38 versus $0.26; non-GAAP diluted EPS was $0.74 versus $0.53.
Full-year 2025 total revenue was $1.663 billion, down 5%; free cash flow was $285 million and share repurchases were $140 million.
2026 outlook: total revenue -2% to flat and non-GAAP diluted EPS $2.55 to $2.65; Q1 2026 total revenue expected to rise 1% to 3%.
Lattice Semiconductor reported fourth-quarter 2025 revenue of $145.8 million, up 24.2% from a year earlier, but posted a GAAP net loss of $7.6 million, or $(0.06) per diluted share, compared with net income of $16.5 million a year earlier. For full-year 2025, revenue was $523.3 million and GAAP net income fell to $3.1 million from $61.1 million, while the company guided first-quarter 2026 revenue to $158 million to $172 million.
Q4 2025 revenue was $145.8 million, up 24.2% year over year; GAAP net loss was $7.6 million, or $(0.06) per diluted share.
Q4 2025 non-GAAP diluted EPS was $0.32, compared with $0.15 in Q4 2024.
Q1 2026 outlook calls for revenue of $158 million to $172 million and non-GAAP diluted EPS of $0.34 to $0.38.
The board authorized repurchases of up to an additional $250 million of common stock; the company repurchased $100 million in 2025.
MasterBrand reported fourth-quarter 2025 net sales of $644.6 million, down 3.5% year over year, and a net loss of $42.0 million compared with net income of $14.0 million a year earlier. For full-year 2025, net income fell to $26.7 million from $125.9 million, while net sales rose 1.3% to $2.7 billion. The company expects first-quarter 2026 net sales to decline year over year and adjusted EBITDA of $23 million to $33 million, and it is moving to quarterly guidance because of limited visibility.
Q4 2025 net sales were $644.6 million, down 3.5%; net loss was $42.0 million versus net income of $14.0 million in Q4 2024.
Full-year 2025 net income was $26.7 million versus $125.9 million in 2024; diluted EPS was $0.21 versus $0.96.
Q1 2026 outlook: net sales down mid- to high-single-digit percentage; adjusted EBITDA $23 million to $33 million; adjusted diluted EPS $(0.06) to $0.00.
Company expects about $30 million of cost savings in 2026, with benefits starting in Q1; the pending American Woodmark merger is ongoing.
W. P. Carey reported fourth quarter 2025 revenue of $444.5 million, up 9.4% from a year earlier, and diluted earnings per share of $0.67, up from $0.21. The company also issued 2026 AFFO guidance of $5.13 to $5.23 per diluted share, based on expected investment volume of $1.25 billion to $1.75 billion. Net income gains were driven mainly by smaller mark-to-market losses on its Lineage shares and higher gains on property sales.
Q4 2025 AFFO per diluted share was $1.27, up 5.0% from $1.21; full-year AFFO per share was $4.97, up 5.7% from $4.70
Full-year 2025 net income attributable to W. P. Carey was $466.4 million, up 1.2%; investment volume was a record $2.1 billion
Quarterly dividend raised to $0.920 per share, up 4.5% year over year, paid January 15, 2026
Company will hold a conference call on February 11, 2026 at 12:00 p.m. Eastern Time
Ford reported fourth-quarter and full-year 2025 results on February 10, 2026. Fourth-quarter revenue fell 5% to $45.9 billion and the company posted a net loss of $11.1 billion, which reflected special items, while full-year revenue rose 1% to a record $187.3 billion but the full-year net loss was $8.2 billion, compared with net income of $5.9 billion in 2024. For 2026, Ford expects adjusted EBIT of $8.0 billion to $10.0 billion, compared with $6.8 billion in 2025, which gives shareholders a company-set range to track.
Q4 2025 net loss of $11.1 billion versus net income of $1.8 billion a year earlier; Q4 adjusted EBIT was $1.0 billion versus $2.1 billion
Full-year 2025 revenue of $187.3 billion; net loss of $8.2 billion; diluted EPS of $(2.06) versus $1.46 in 2024
2026 outlook: adjusted EBIT of $8.0 billion to $10.0 billion, adjusted free cash flow of $5.0 billion to $6.0 billion, capital spending of $9.5 billion to $10.5 billion
Conference call at 5:00 p.m. ET on February 10, 2026; first-quarter 2026 results to be reported after market close on April 28
Exelixis reported fourth-quarter and full-year 2025 results on February 10, 2026. Total revenues rose to $598.7 million in the quarter from $566.8 million a year earlier, and GAAP diluted EPS was $0.88 versus $0.48, while the company maintained its previously provided 2026 financial guidance.
Q4 2025 total revenues were $598.7 million, up from $566.8 million in Q4 2024; FY 2025 total revenues were $2.320 billion, up from $2.169 billion.
Q4 2025 GAAP diluted EPS was $0.88 versus $0.48; FY 2025 GAAP diluted EPS was $2.78 versus $1.76.
Collaboration revenues for FY 2025 fell to $197.3 million from $359.3 million, mainly due to lower milestone-related revenue.
Exelixis maintained 2026 guidance, including total revenues of $2.525 billion to $2.625 billion, and authorized up to an additional $750 million in stock repurchases before December 31, 2026.
NMI Holdings reported fourth-quarter 2025 net income of $94.2 million, or $1.20 per diluted share, up from $86.2 million, or $1.07 per share, a year earlier but slightly below the $96.0 million, or $1.22 per share, in the third quarter. For the full year 2025, net income was $388.9 million, or $4.92 per diluted share, compared with $360.1 million, or $4.43 per share, in 2024.
Q4 2025 total revenue was $180.7 million, up from $166.5 million a year earlier and $178.7 million in Q3 2025.
Q4 2025 loss ratio was 13.9%, up from 12.0% a year earlier and 12.3% in Q3 2025.
Book value per share excluding net unrealized gains and losses was $34.58 at December 31, 2025, up from $29.80 a year earlier.
Full-year 2025 diluted EPS was $4.92, compared with $4.43 for 2024.
Welltower reported fourth quarter 2025 normalized funds from operations (FFO) of $1.45 per diluted share, up 28.3% from a year earlier, and net income of $0.14 per diluted share. The company also issued 2026 guidance of $6.09 to $6.25 in normalized FFO per diluted share and declared a quarterly dividend of $0.74 per share, a 10.4% increase. For shareholders, the results show higher operating earnings and a higher payout, with the filing's 2026 outlook setting the benchmark for the year ahead.
Q4 2025 normalized FFO was $1.45 per diluted share, up 28.3% year over year; net income attributable to common stockholders was $0.14 per diluted share.
Full-year 2025 normalized FFO was $5.29 per diluted share, up 22.5% over the prior year.
2026 guidance: normalized FFO of $6.09 to $6.25 per diluted share and net income of $3.11 to $3.27 per diluted share.
Quarterly dividend of $0.74 per share, a 10.4% increase, payable March 10, 2026 to holders of record as of February 25, 2026.
InvenTrust reported fourth-quarter 2025 net income of $2.7 million, or $0.03 per diluted share, down from $9.8 million, or $0.13, a year earlier, while Core FFO rose to $0.46 per diluted share from $0.43. The company also gave initial 2026 guidance for Core FFO of $1.91 to $1.95 per diluted share and approved a 5% dividend increase, to an annual rate of $1.00 per share starting in April 2026.
Q4 2025 total income was $77.4 million, up from $71.2 million; Q4 net income fell to $2.7 million from $9.8 million.
Full-year 2025 net income was $111.4 million, or $1.42 per diluted share, versus $13.7 million in 2024; the year included a $91.0 million gain on sale of investment properties.
Initial 2026 guidance: Nareit FFO of $1.97 to $2.03 per diluted share, Core FFO of $1.91 to $1.95, and net income of $0.16 to $0.22.
Same Property NOI rose 3.0% in Q4 and 5.3% for the full year; leased occupancy was 96.7% at December 31, 2025.
Agree Realty reported fourth-quarter and full-year 2025 results, with Q4 AFFO per share up 6.5% to $1.11 and Core FFO per share up 7.3% to $1.10. The company gave 2026 AFFO per share guidance of $4.54 to $4.58 and raised its 2026 investment volume guidance to $1.4 billion to $1.6 billion, which matters to shareholders because it signals higher expected property investment and the dividend is set at an annualized $3.144 per share.
Q4 2025 AFFO per share rose 6.5% to $1.11; Core FFO per share rose 7.3% to $1.10.
Full-year 2025 net income per share fell 0.7% to $1.77, while full-year AFFO per share rose 4.6% to $4.33.
2026 investment volume guidance raised to $1.4 billion to $1.6 billion from $1.25 billion to $1.50 billion issued January 5, 2026; AFFO per share guidance is $4.54 to $4.58.
Monthly dividend of $0.262 per share for December, annualized at $3.144, a 3.6% year-over-year increase.
BlackLine reported fourth-quarter 2025 revenue of $183.2 million, up 8.1% from a year earlier, but GAAP net income attributable to the company fell to $4.9 million, or $0.08 per diluted share, from $56.4 million, or $0.79, in the fourth quarter of 2024. Non-GAAP net income rose to $45.2 million, or $0.63 per share, and the company gave 2026 guidance of $764 million to $768 million in GAAP revenue.
Q4 2025 GAAP revenue $183.2 million, up 8.1%; full-year 2025 revenue $700.4 million, up 7.2%
Q4 GAAP net income $4.9 million ($0.08 per diluted share) vs. $56.4 million ($0.79) a year earlier; non-GAAP net income $45.2 million ($0.63) vs. $34.6 million ($0.47)
Q4 operating cash flow $26.7 million vs. $43.8 million; full-year 2025 share repurchases totaled $235.5 million
2026 guidance: GAAP revenue $764 million to $768 million for the full year and $180 million to $182 million for Q1
Lyft reported fourth-quarter 2025 revenue of $1.6 billion, up 3% year over year, after a $168 million impact from legal, tax and regulatory reserve changes and settlements; without that item, revenue would have been $1.8 billion. Net income of $2.8 billion was driven largely by a $2.9 billion benefit from releasing a deferred tax valuation allowance, and the board authorized up to an additional $1 billion in share repurchases. For shareholders, operating metrics grew while the reported results were shaped by one-time items, and Lyft's Q1 2026 guidance calls for gross bookings of $4.86 billion to $5.00 billion and adjusted EBITDA of $120 million to $140 million.
Q4 2025 gross bookings of $5.1 billion, up 19% year over year; adjusted EBITDA of $154.1 million, up 37%
Q4 revenue of $1.6 billion included a $168 million reserve and settlement impact; full-year 2025 revenue was $6.3 billion, up 9%
New share repurchase program authorizes up to $1 billion of Class A common stock, in addition to the 2025 program
Q1 2026 outlook: gross bookings of approximately $4.86 billion to $5.00 billion; adjusted EBITDA of approximately $120 million to $140 million
Robinhood reported record full-year 2025 revenue of $4.5 billion, up 52%, and fourth-quarter revenue of $1.28 billion, up 27% year over year. Fourth-quarter net income fell 34% to $605 million because the year-earlier period included a $424 million benefit from a tax benefit and regulatory accrual reversal. The company also named Shiv Verma chief financial officer effective February 6, 2026, succeeding Jason Warnick, who is now a strategic advisor until September 1, 2026.
Q4 2025 total net revenues were $1.28 billion, up 27% year over year; diluted EPS was $0.66 versus $1.01 in Q4 2024
Full-year 2025 revenue was $4.5 billion, up 52%; diluted EPS was $2.05 versus $1.56 in 2024
Shiv Verma, previously SVP of Finance and Strategy and Treasurer, was appointed CFO effective February 6, 2026
Jason Warnick remains with the company as a strategic advisor until his retirement on September 1, 2026
Gilead reported fourth quarter and full year 2025 results on February 10, 2026. Fourth quarter revenue rose 5% to $7.9 billion and GAAP diluted EPS rose to $1.74 from $1.42, while non-GAAP diluted EPS fell to $1.86 from $1.90. The company also issued full year 2026 guidance, with diluted EPS of $6.75 to $7.15 and non-GAAP diluted EPS of $8.45 to $8.85.
Q4 2025 total revenues rose 5% to $7.9 billion; Q4 diluted EPS was $1.74 versus $1.42 a year earlier
Q4 2025 non-GAAP diluted EPS was $1.86 versus $1.90, reflecting higher acquired IPR&D expenses of $539 million
Full year 2025 revenues rose 2% to $29.4 billion; diluted EPS was $6.78 versus $0.38 in 2024
2026 guidance: product sales of $29.6 billion to $30.0 billion; the board declared a $0.82 quarterly dividend payable March 30, 2026
Red Rock Resorts reported fourth quarter and full year 2025 results in a press release attached as Exhibit 99.1. Fourth-quarter net revenues rose 3.2% to $511.8 million and Adjusted EBITDA rose 5.4% to $213.3 million, while net income fell 3.5% to $84.6 million. For the full year, net income rose 22.1% to $355.7 million, and the board declared a $1.00 special dividend per Class A share, payable February 27, 2026.
Q4 2025 net revenues were $511.8 million, up 3.2% from $495.7 million in Q4 2024.
Q4 2025 net income was $84.6 million, down 3.5% from $87.7 million.
Full-year 2025 net income was $355.7 million, up 22.1%, and net revenues were $2.01 billion, up 3.7%.
Special dividend of $1.00 per Class A share is payable February 27, 2026 to holders of record on February 20, 2026; a $0.26 quarterly dividend is payable March 31, 2026.
Williams reported unaudited 2025 results showing higher net income, earnings per share and revenue than in 2024, with total revenues of $11.95 billion versus $10.503 billion. The company also set 2026 Adjusted EBITDA guidance of $8.05 billion to $8.35 billion and raised its annualized dividend 5% to $2.10, which signals expected growth but also reflects a $212 million impairment charge for 2025.
GAAP net income was $2.615 billion, or $2.14 per diluted share, up 18% from 2024
Adjusted EBITDA was $7.75 billion for 2025, up $670 million or 9% from 2024
2026 Adjusted EBITDA guidance is $8.05 billion to $8.35 billion, up 6% at the midpoint versus 2025
Annualized dividend rises 5% to $2.10 for 2026 from $2.00 in 2025
Ecolab reported fourth-quarter 2025 net sales of $4.2 billion, up 5%, and adjusted diluted EPS of $2.08, up 15%, with reported diluted EPS of $1.98. It expects 2026 adjusted diluted EPS of $8.43 to $8.63, up 12% to 15% from $7.53 in 2025, while expanding its One Ecolab restructuring program, which carries pre-tax charges of about $425 million through 2027.
Q4 2025 reported net sales were $4.2 billion, up 5%; organic sales rose 3%.
Q4 2025 reported diluted EPS was $1.98, up 19%; adjusted diluted EPS was $2.08, up 15%.
2026 adjusted diluted EPS outlook is $8.43 to $8.63, up 12% to 15% from $7.53 in 2025; reported sales are expected to rise 7% to 9%.
Expanded One Ecolab initiative: restructuring costs of $334 million ($261 million after tax) and special charges of $91 million ($71 million after tax) expected by the end of 2027, mostly cash severance.
GCM Grosvenor reported fourth-quarter and full-year 2025 results, with revenue, GAAP net income and per-share earnings all higher than a year earlier. The company also raised its share repurchase authorization by $35 million to $255 million, declared a $0.12 per share dividend, and began prepaying $65 million of debt.
Q4 2025 GAAP revenue was $177.1 million, up 7%; full-year revenue was $557.6 million, up 8%.
Q4 2025 GAAP net income attributable to GCM Grosvenor Inc. was $19.0 million, up 149%; full-year net income was $45.4 million, up 143%.
Full-year 2025 fundraising rose 49% to $10.7 billion; full-year Fee-Related Earnings rose 11% to $185.1 million.
Board approved a $0.12 per share dividend payable March 16, 2026, to holders of record March 2, 2026.
CTS reported fourth-quarter and full-year 2025 results on February 10, 2026, with sales and profit both higher than in 2024. The company also gave 2026 guidance of $550 million to $580 million in sales and adjusted diluted EPS of $2.30 to $2.45, which gives shareholders a current outlook for the year ahead.
Q4 2025 sales were $137 million, up 9% year over year; diversified end markets rose 16% while transportation fell 1%
Q4 2025 diluted EPS was $0.67 versus $0.38; adjusted diluted EPS was $0.62 versus $0.50
Full-year 2025 sales were $541 million, up 5%; diluted EPS was $2.19 versus $1.80, and adjusted diluted EPS was $2.23 versus $2.12
2026 guidance: sales of $550 million to $580 million and adjusted diluted EPS of $2.30 to $2.45
Saia reported fourth quarter 2025 revenue of $790.0 million, up 0.1%, but operating income fell 36.9% to $64.0 million and diluted earnings per share dropped to $1.77 from $2.84. Management attributed about $4.7 million of the quarter's cost increase to unexpected adverse developments on accidents from prior years. For full year 2025, diluted EPS was $9.52 versus $13.51 in 2024, and net capital expenditures are expected to be $350 million to $400 million in 2026.
Q4 2025 diluted EPS was $1.77 versus $2.84 in Q4 2024; operating ratio was 91.9% versus 87.1%
Full year 2025 revenue was $3.2 billion, up 0.8%, while operating income fell 27.0% to $352.2 million
Management cited about $4.7 million in elevated self-insurance costs from accidents in prior years
2026 net capital expenditures are anticipated at approximately $350 million to $400 million, subject to market conditions
Fiserv reported fourth-quarter and full-year 2025 results, with GAAP revenue up 1% in the quarter to $5.28 billion while adjusted EPS fell 21% to $1.99. The company guided to 2026 organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30, and said the results and outlook are in line with what it outlined in October.
Q4 2025 GAAP revenue rose 1% to $5.28 billion; organic revenue was flat.
Q4 2025 GAAP EPS fell 8% to $1.51; adjusted EPS fell 21% to $1.99.
Full-year 2025 GAAP EPS rose 18% to $6.34; adjusted EPS fell 2% to $8.64.
2026 outlook: organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30; Investor Day set for May 14, 2026.
Datadog reported fourth-quarter 2025 revenue of $953 million, up 29% from a year earlier, and non-GAAP net income per diluted share of $0.59, up from $0.49. The company also gave first-quarter and full-year 2026 guidance, with fiscal 2026 revenue expected between $4.06 billion and $4.10 billion. GAAP results were weaker for the full year, with a GAAP operating loss of $(44) million and GAAP diluted EPS of $0.31 versus $0.52.
Q4 2025 revenue was $953 million, up 29% year-over-year; non-GAAP operating income was $230 million, a 24% margin.
FY2026 guidance: revenue of $4.06 billion to $4.10 billion and non-GAAP EPS of $2.08 to $2.16.
Q1 2026 guidance: revenue of $951 million to $961 million and non-GAAP EPS of $0.49 to $0.51.
Full-year 2025 GAAP net income was $107.7 million, down from $183.7 million in 2024; Investor Day is set for February 12, 2026.
Vestis reported fiscal first-quarter 2026 results for the quarter ended January 2, 2026, with revenue of $663.4 million, down 3.0% from a year earlier, and a net loss of $6.4 million, or $(0.05) per diluted share, compared with net income of $0.8 million a year earlier. The company reaffirmed its fiscal 2026 outlook, including Adjusted EBITDA of $285 million to $315 million, so shareholders face a year-over-year decline in results with no change to the full-year targets.
Revenue was $663.4 million, down $20.4 million year over year, on flat total volume
Net loss was $6.4 million, or $(0.05) per diluted share, versus net income of $0.8 million, or $0.01 per share, a year earlier
Adjusted EBITDA was $70.4 million, or 10.6% of revenue, compared with $81.2 million, or 11.9%, a year earlier
Fiscal 2026 outlook reaffirmed: revenue flat to down 2%, Adjusted EBITDA $285 million to $315 million, Free Cash Flow $50 million to $60 million
S&P Global reported fourth-quarter and full-year 2025 results on February 10, 2026, with revenue up 9% in the quarter and 8% for the year. The company also gave 2026 adjusted diluted EPS guidance of $19.40 to $19.65 and organic constant currency revenue growth of 6.0% to 8.0%, with GAAP guidance to follow the Mobility spin expected in mid-2026.
Q4 2025 revenue was $3.916 billion, up 9%; GAAP diluted EPS was $3.75, up 32%, and adjusted diluted EPS was $4.30, up 14%.
Full-year 2025 revenue was $15.336 billion, up 8%; GAAP diluted EPS was $14.66, up 19%, and adjusted diluted EPS was $17.83, up 14%.
2026 adjusted diluted EPS guidance is $19.40 to $19.65, with organic constant currency revenue growth of 6.0% to 8.0%.
The company returned $6.2 billion to shareholders in 2025, including $1.2 billion in dividends and $5.0 billion in share repurchases; the quarterly dividend is $0.97.
Blackbaud reported unaudited fourth-quarter and full-year 2025 results. Revenue fell 2.3% in both periods, mainly due to the divestiture of EVERFI, while GAAP diluted EPS rose sharply from a prior-year loss that included the EVERFI disposition charge. The company also gave 2026 guidance for GAAP revenue of $1.173 billion to $1.179 billion and non-GAAP diluted EPS of $5.15 to $5.25.
Q4 2025 GAAP revenue was $295.3 million, down 2.3%; non-GAAP organic revenue rose 4.3%.
Q4 2025 GAAP diluted EPS was $0.76 versus a loss of $7.06 per share a year earlier; non-GAAP diluted EPS was $1.19, up from $1.07.
Full-year 2025 GAAP revenue was $1.1 billion, down 2.3%; GAAP diluted EPS was $2.37 and non-GAAP diluted EPS was $4.45.
2026 guidance: non-GAAP adjusted EBITDA of $430 million to $438 million and non-GAAP free cash flow of $280 million to $290 million; about $961 million remained under the repurchase program at December 31, 2025.
Incyte reported fourth quarter and full year 2025 results, with total revenue of $1.51 billion for the quarter and $5.14 billion for the year, and full year net product revenue of $4.35 billion, above its prior guidance of $4.23 to $4.32 billion. The company also gave 2026 total net product revenue guidance of $4.77 to $4.94 billion, and GAAP net income rose to $299.3 million in the quarter from $201.2 million a year earlier.
Q4 2025 total revenue was $1.51 billion, up 28% year over year, including $100.0 million of milestone and contract revenue.
Full year 2025 GAAP net income was $1.29 billion, compared with $32.6 million in 2024, and GAAP diluted EPS was $6.41 versus $0.15.
Cash, cash equivalents and marketable securities were $3.6 billion at December 31, 2025, compared with $2.2 billion a year earlier.
Trimble reported fourth quarter 2025 revenue of $969.8 million, down 1% from a year earlier, while GAAP diluted EPS rose to $0.65 from $0.36 and non-GAAP diluted EPS rose to $1.00 from $0.89. The company also initiated 2026 guidance calling for revenue of $3,810 million to $3,910 million, compared with $3,587.3 million in fiscal 2025, and non-GAAP EPS of $3.42 to $3.62, compared with $3.13.
Q4 2025 revenue was $969.8 million, down 1% year over year and up 4% on an organic basis; annualized recurring revenue was $2.39 billion, up 6%.
Q4 2025 GAAP net income was $156.6 million and non-GAAP net income was $240.8 million; the company repurchased about 1.9 million shares for $148.1 million.
Full-year 2026 guidance: revenue of $3,810 million to $3,910 million, GAAP EPS of $2.04 to $2.23, non-GAAP EPS of $3.42 to $3.62.
First-quarter 2026 guidance: revenue of $893 million to $918 million, non-GAAP EPS of $0.69 to $0.74.
Xylem reported fourth-quarter and full-year 2025 results on February 10, 2026. Fourth-quarter revenue rose 6% to $2.4 billion and adjusted EPS rose 20% to $1.42, while GAAP EPS rose 2% to $1.37 because of higher restructuring and realignment costs. The company initiated 2026 guidance of $9.1 to $9.2 billion in revenue and $5.35 to $5.60 in adjusted EPS, and declared a first-quarter dividend of $0.43 per share, up 8%.
Q4 2025 revenue of $2.4 billion, up 6% reported and 4% organic; GAAP EPS $1.37, up 2%; adjusted EPS $1.42, up 20%
Full-year 2025 revenue of $9.0 billion, up 6%; GAAP diluted EPS $3.92, up 7%; adjusted EPS $5.08, up 19%
2026 guidance: revenue of $9.1 to $9.2 billion and adjusted EPS of $5.35 to $5.60
Quarterly dividend of $0.43 per share, up 8%, payable March 24, 2026 to holders of record as of February 24, 2026
Entegris reported fourth-quarter 2025 results, with net sales of $823.9 million, down from $849.8 million a year earlier, and GAAP diluted EPS of $0.32 versus $0.67. Non-GAAP diluted EPS was $0.70 versus $0.84 a year earlier. The company also gave a first-quarter 2026 outlook of $785 million to $825 million in sales and non-GAAP diluted EPS of $0.70 to $0.78.
Q4 2025 net sales $823.9 million, versus $849.8 million in Q4 2024 and $807.1 million in Q3 2025
Q4 2025 GAAP net income $49.4 million, versus $102.3 million a year earlier; full-year 2025 net income $235.6 million, versus $292.8 million in 2024
Q1 2026 guidance (quarter ending March 28, 2026): sales $785 million to $825 million; GAAP diluted EPS $0.43 to $0.51; non-GAAP diluted EPS $0.70 to $0.78
Masco reported fourth-quarter and full-year 2025 results, with net sales and adjusted earnings per share both down from 2024. The company forecast 2026 adjusted EPS of $4.10 to $4.30, above its 2025 adjusted EPS of $3.96, and announced a new $2.0 billion share repurchase program and a $0.32 quarterly dividend.
Q4 2025 net sales fell 2% to $1,793 million; adjusted EPS fell 8% to $0.82 from $0.89
Full-year 2025 net sales fell 3% to $7,562 million; adjusted EPS fell 3% to $3.96
2026 EPS guidance: $3.91-$4.11 reported and $4.10-$4.30 adjusted, with about $50 million of additional restructuring charges expected in 2026
Board authorized a new $2.0 billion share repurchase program effective February 10, 2026; quarterly dividend of $0.32 payable March 9, 2026
Marriott reported fourth quarter 2025 results, with diluted EPS of $1.65 versus $1.63 a year earlier and adjusted diluted EPS of $2.58 versus $2.45. The company also gave 2026 guidance, including adjusted EBITDA growth of 8 to 10 percent and adjusted diluted EPS of $11.32 to $11.57 for the full year, which matters to shareholders as the company's outlook for profit and capital returns.
Q4 2025 adjusted EBITDA was $1,402 million, up 9 percent from $1,286 million; worldwide RevPAR rose 1.9 percent.
Q4 2025 reported net income was $445 million, down 2 percent from $455 million; adjusted net income rose to $695 million from $686 million.
Full-year 2025 reported diluted EPS was $9.51 versus $8.33, and adjusted diluted EPS was $10.02 versus $9.33.
For 2026, guidance includes worldwide RevPAR growth of 1.5 to 2.5 percent and more than $4.3 billion in capital returns to shareholders.
Coca-Cola reported fourth quarter and full year 2025 results on February 10, 2026. Full-year net revenues rose 2% to $47.9 billion and diluted EPS rose 23% to $3.04, while fourth-quarter operating income fell 32% after a $960 million non-cash impairment charge on the BODYARMOR trademark. The company also forecast 2026 comparable EPS (non-GAAP) growth of 7% to 8% versus $3.00 in 2025.
Fourth-quarter net revenues grew 2% to $11.8 billion; organic revenues (non-GAAP) grew 5%.
Fourth-quarter diluted EPS grew 4% to $0.53; comparable EPS (non-GAAP) grew 6% to $0.58.
2026 outlook calls for organic revenue (non-GAAP) growth of 4% to 5% and free cash flow (non-GAAP) of about $12.2 billion.
Full-year free cash flow was $5.3 billion, including a $6.1 billion fairlife contingent consideration payment; excluding it, $11.4 billion.
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