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).
Marcus & Millichap reported preliminary fourth quarter and full year 2025 results, with revenue and profit improving from 2024. The results are preliminary because the audit is ongoing and the Form 10-K has not been filed, including work on a valuation allowance for deferred tax assets, so tax and net income figures may change.
Q4 2025 total revenue was $244.0 million, up 1.6% from $240.1 million; diluted EPS was $0.34 vs $0.22 a year earlier.
Full year 2025 revenue was $755.2 million, up 8.5%, and the net loss narrowed to $1.9 million ($0.05 per diluted share) from $12.4 million in 2024.
Full year 2025 Adjusted EBITDA was $24.6 million, up from $9.4 million in 2024.
Tax provision, effective tax rate and net income metrics are preliminary and may be adjusted; the final results will be in the Form 10-K.
Callaway Golf reported fourth-quarter and full-year 2025 results on February 12, 2026. Full-year net sales fell 0.8% to $2.06 billion and GAAP earnings per diluted share dropped to $0.21 from $0.50, while adjusted EBITDA from continuing operations was $222.4 million, down $38.8 million. The company guided 2026 adjusted EBITDA to $170 million to $195 million, and reported net cash of about $680 million in cash against about $480 million of debt after its Topgolf and Jack Wolfskin transactions.
Q4 2025 net sales were $367.5 million, down 1.1%, and the GAAP net loss from continuing operations was $66.0 million, or $0.36 per diluted share, versus a loss of $0.51 a year earlier.
Full-year 2025 GAAP gross margin fell to 42.1%, with $34 million of incremental tariff expense cited as the main cause.
2026 guidance calls for net sales of $1.98 billion to $2.05 billion and adjusted EBITDA of $170 million to $195 million, compared with $222 million reported for 2025.
The company announced a $200 million share repurchase program in January and plans to repay $258 million of convertible notes in May 2026.
LXP Industrial Trust reported fourth-quarter 2025 results on February 12, 2026. Gross revenues and net income attributable to common shareholders both fell from a year earlier, while Adjusted Company FFO was flat at $0.79 per diluted share. The company also issued 2026 guidance of $(0.01) to $0.14 per diluted share for net income and $3.22 to $3.37 per diluted share for Adjusted Company FFO.
Q4 2025 total gross revenues were $86.7 million, versus $100.9 million a year earlier; the filing attributes the decline mainly to $15 million of prior-year rental revenue from a tenant purchase option.
Net income attributable to common shareholders was $27.1 million, or $0.46 per diluted share, versus $31.4 million, or $0.54 per diluted share, in Q4 2024.
Adjusted Company FFO was $47.0 million, or $0.79 per diluted share, unchanged from Q4 2024.
2026 guidance: net income attributable to common shareholders of $(0.01) to $0.14 per diluted share; Adjusted Company FFO of $3.22 to $3.37 per diluted share.
Morningstar reported fourth-quarter 2025 revenue of $641.1 million, up 8.5%, and diluted earnings per share of $2.83, up 4.4%. GAAP operating income fell 5.1% to $159.6 million, reflecting a $22.7 million contingent payment gain on the sale of US TAMP assets versus $64.0 million a year earlier, along with higher operating expense that included $15.9 million in severance. Full-year 2025 revenue was $2.4 billion, up 7.5%, and the company repurchased $787.0 million of its shares, while long-term debt rose to $1,072.6 million ahead of the CRSP acquisition that closed Feb. 2, 2026.
Q4 2025 revenue was $641.1 million, up 8.5% reported and 8.1% organic.
Q4 diluted EPS was $2.83 versus $2.71; adjusted diluted EPS rose 26.6% to $2.71.
Q4 operating income was $159.6 million, down 5.1%, with the US TAMP contingent gain at $22.7 million versus $64.0 million a year earlier.
Full-year 2025 diluted EPS was $8.87, up 3.4%; the company repurchased $787.0 million of shares in 2025.
Ingersoll Rand reported fourth-quarter 2025 revenue of $2.09 billion, up 10%, and GAAP net income attributable to the company of $266 million, or $0.67 per share, compared with $229.8 million, or $0.57 per share, a year earlier. For full-year 2025, GAAP net income fell to $581 million, or $1.45 per share, from $838.6 million, or $2.06 per share, mainly due to a $229.7 million goodwill impairment and a $127.1 million loss on equity method investments. The company also issued 2026 guidance calling for revenue growth of 2.5% to 4.5% and adjusted EBITDA of $2,130 million to $2,190 million.
Q4 2025 adjusted EPS was $0.96, up 14%; full-year 2025 adjusted EPS was $3.34, up 2%.
Full-year 2025 operating cash flow was $1,356 million and free cash flow was $1,220 million.
2026 guidance: adjusted EPS of $3.45 to $3.57, with revenue growth of 2.5% to 4.5%.
The company returned $1,050 million to shareholders through buybacks and dividends in 2025.
PDF Solutions reported record fourth-quarter revenue of $62.4 million, up 25% from a year earlier, and record full-year revenue of $219.0 million, up 22%. GAAP results swung to a loss in both periods, while non-GAAP diluted earnings per share rose, and management expects 2026 revenue to grow in line with its 20% long-term target.
Q4 2025 total revenues were $62.4 million, up from $50.1 million in Q4 2024; full-year revenues were $219.0 million, up from $179.5 million.
Q4 2025 GAAP net loss was $48 thousand, or $(0.00) per diluted share, compared with net income of $0.5 million in Q4 2024.
Full-year 2025 GAAP net loss was $0.6 million, or $(0.02) per diluted share, compared with net income of $4.1 million in 2024.
Q4 2025 non-GAAP diluted EPS was $0.30, up from $0.25 in Q4 2024; full-year non-GAAP diluted EPS was $0.94, up from $0.84.
Mohawk Industries reported fourth-quarter 2025 net earnings of $42 million, or $0.68 per diluted share, down from $90 million, or $1.43, a year earlier, as restructuring costs rose to $51.4 million. Adjusted diluted EPS was $2.00 versus $1.95, and net sales rose 2.4% to $2.7 billion as reported but fell 3.3% on an adjusted basis. The company expects first-quarter 2026 adjusted EPS of $1.75 to $1.85 and disclosed an immaterial correction to prior-period accounts receivable.
Q4 2025 net earnings $42 million, diluted EPS $0.68, versus $90 million and $1.43 in Q4 2024
Q4 adjusted diluted EPS $2.00 versus $1.95; net sales $2.7 billion, up 2.4% as reported and down 3.3% adjusted
Full-year 2025 net earnings $370 million and diluted EPS $5.93, versus $515 million and $8.09 in 2024
Q1 2026 adjusted EPS guidance of $1.75 to $1.85, excluding restructuring or other one-time charges
Eversource reported full-year 2025 GAAP earnings of $1.69 billion, or $4.56 per share, up from $811.7 million, or $2.27 per share, in 2024. Non-GAAP recurring earnings were $4.76 per share, within the company's updated 2025 guidance range of $4.72 to $4.80, and the company projected 2026 earnings of $4.80 to $4.95 per share. The company also raised its five-year investment plan to $26.5 billion for 2026 to 2030 and expects to raise $800 million to $1.1 billion in equity over that period.
Full-year 2025 GAAP EPS of $4.56 vs. $2.27 in 2024; non-GAAP recurring EPS of $4.76 vs. $4.57
Fourth-quarter 2025 GAAP earnings of $421.3 million, or $1.12 per share, vs. $72.5 million, or $0.20, in Q4 2024
2026 EPS guidance of $4.80 to $4.95 per share; long-term EPS growth of 5 to 7 percent through 2030
Five-year investment plan of $26.5 billion for 2026 to 2030, up $2.3 billion from the prior $24.2 billion plan
Healthcare Realty reported fourth quarter 2025 GAAP net income of $14.4 million, or $0.04 per share, compared with a net loss of $106.8 million a year earlier, and NAREIT FFO rose to $0.36 per share from $0.30. The company also issued 2026 guidance calling for Normalized FFO of $1.58 to $1.64 per share, roughly flat with $1.61 in 2025, and a $0.24 quarterly dividend.
Q4 2025 GAAP net income was $14.4 million ($0.04 per share) versus a net loss of $106.8 million ($0.31 per share) in Q4 2024.
Q4 2025 NAREIT FFO was $0.36 per share versus $0.30; Normalized FFO was $0.40 per share, unchanged from the prior year.
2026 guidance: Normalized FFO of $1.58 to $1.64 per share (2025: $1.61) and NAREIT FFO of $1.44 to $1.50 (2025: $1.38).
Dividend of $0.24 per share payable March 11, 2026, to holders of record on February 24, 2026; new commercial paper program of up to $600 million.
Supernus Pharmaceuticals said it will report fourth quarter and full year 2025 financial and business results after the market closes on February 24, 2026, and will host a conference call and webcast that day at 4:30 p.m. ET. The filing is a scheduling notice only and contains no financial results, so it does not indicate how the company performed.
Results release scheduled for after market close on Tuesday, February 24, 2026
Conference call and webcast set for February 24, 2026 at 4:30 p.m. ET, hosted by CEO Jack Khattar and CFO Tim Dec
Filing contains no revenue, profit or guidance figures
Bio-Rad reported fourth-quarter 2025 revenue of $693.2 million, up 3.9% from a year earlier, but its GAAP operating result was a loss of $118.9 million after a $172.8 million impairment. Non-GAAP diluted earnings per share fell to $2.51 from $2.90, while GAAP net income of $720.0 million was driven mainly by a gain on its Sartorius AG investment. The company also gave a 2026 outlook of non-GAAP currency neutral revenue growth of about 0.5% to 1.5% and a non-GAAP operating margin of about 12.0% to 12.5%.
Q4 2025 revenue was $693.2 million, up 3.9% from $667.5 million; currency neutral growth was 1.7%
GAAP loss from operations was $118.9 million, including a $172.8 million impairment; non-GAAP operating income was $83.0 million, down from $92.1 million
GAAP net income was $720.0 million, or $26.65 per diluted share, mainly from a change in the fair market value of the Sartorius AG investment; non-GAAP diluted EPS was $2.51 versus $2.90
2026 outlook: non-GAAP currency neutral revenue growth of approximately 0.5% to 1.5% and non-GAAP operating margin of approximately 12.0% to 12.5%
Flowers Foods reported fourth-quarter net sales up 11.0% to $1.233 billion, helped by an extra week and the Simple Mills acquisition, but swung to a net loss of $67.1 million due to a $136.0 million non-cash impairment of intangible assets. For fiscal 2026, the company expects net sales of $5.163 billion to $5.267 billion and adjusted diluted EPS of $0.80 to $0.90, which it says will be below 2025 levels, and it is conducting a comprehensive review of operations.
Q4 net sales rose 11.0% to $1.233 billion; diluted EPS was a loss of $0.32 versus earnings of $0.20 a year earlier
Q4 adjusted diluted EPS was $0.22, flat with the prior year period; full-year 2025 adjusted diluted EPS fell $0.19 to $1.09
2026 guidance: adjusted EBITDA of approximately $465 million to $495 million, versus $535.2 million in 2025
Management will host a live question and answer webcast at 8:30 a.m. Eastern Time on February 13, 2026
Public Storage reported fourth-quarter 2025 diluted net income of $2.60 per share, down from $3.21 a year earlier, while Core FFO per share rose 1.2% to $4.26. The company gave 2026 Core FFO guidance of $16.35 to $17.00 per share and said CEO Joe Russell will retire effective March 31, 2026, with Tom Boyle becoming CEO on April 1, 2026.
Q4 2025 diluted net income per share was $2.60, versus $3.21 in Q4 2024; full-year net income per share was $9.01, versus $10.64.
Q4 2025 Core FFO per share was $4.26, versus $4.21; full-year Core FFO per share was $16.97, versus $16.67.
2026 guidance: Core FFO per share of $16.35 to $17.00, and Same Store revenue growth of (2.2)% to —%.
Joe Russell retires effective March 31, 2026; Tom Boyle to become CEO effective April 1, 2026.
Bright Horizons reported fourth-quarter 2025 revenue of $734 million, up 9%, but net income fell 25% to $22 million and diluted EPS fell to $0.38 from $0.50, partly due to $14.8 million of incremental impairment and lease termination costs. For full-year 2025, revenue rose 9% to $2.9 billion and diluted EPS rose 40% to $3.36, and the company gave 2026 guidance of $3.075 billion to $3.125 billion in revenue and $4.90 to $5.10 in diluted adjusted EPS. The filing also disclosed higher 2026 pay targets for the CEO and CFO and a shift in the long-term incentive program toward performance-based awards.
Q4 2025 revenue $733.7 million, up 9%; income from operations $45.5 million, down 6%
Q4 2025 diluted EPS $0.38 versus $0.50 a year earlier; diluted adjusted EPS $1.15, up 17%
Full-year 2025 revenue $2.9 billion, up 9%; net income $193 million, up 38%
2026 guidance: revenue $3.075 billion to $3.125 billion; diluted adjusted EPS $4.90 to $5.10
Toast reported fourth-quarter 2025 total revenue of $1.6 billion, up from $1.3 billion a year earlier, and GAAP net income of $101 million, up from $33 million. On February 10, 2026, its board approved a $500 million increase to the existing share repurchase program, which has no expiration date and does not require any minimum purchases. Toast also gave 2026 guidance for full-year Adjusted EBITDA of $775 million to $795 million.
Q4 2025 total revenue was $1.6 billion ($1,633 million), up from $1.3 billion ($1,338 million) in Q4 2024.
Full-year 2025 GAAP net income was $342 million, compared with $19 million in 2024; Adjusted EBITDA was $633 million, compared with $373 million.
For 2026, Toast expects Q1 Adjusted EBITDA of $160 million to $170 million and full-year Adjusted EBITDA of $775 million to $795 million.
On February 10, 2026, the board approved a $500 million increase to the share repurchase program for Class A common stock.
Kinsale Capital Group reported fourth-quarter 2025 net income of $138.6 million, or $5.99 per diluted share, up from $109.1 million, or $4.68, a year earlier. For full-year 2025, net income was $503.6 million, or $21.65 per diluted share, compared with $414.8 million, or $17.78, in 2024, and the company also raised its quarterly dividend to $0.25 per share, a 47.1% increase, as stated in the filing.
Q4 2025 net income $138.6 million, $5.99 per diluted share, versus $109.1 million, $4.68 in Q4 2024
Full-year 2025 net income $503.6 million, $21.65 per diluted share, versus $17.78 in 2024
Q4 gross written premiums rose 1.8% to $451.1 million; Commercial Property Division premiums fell 28.3% in the quarter
Artivion reported fourth-quarter 2025 revenue of $116.0 million, up from $97.3 million a year earlier, and GAAP net income of $2.4 million, or $0.05 per diluted share, compared with a net loss of $16.5 million in the prior-year quarter. The company also guided to 2026 revenue of $486 million to $504 million and adjusted EBITDA of $105 million to $110 million.
Q4 2025 GAAP revenue was $116.0 million versus $97.3 million in Q4 2024; full-year 2025 revenue was $441.3 million versus $388.5 million.
Q4 2025 GAAP net income was $2.4 million, or $0.05 per diluted share, versus a net loss of $16.5 million, or $0.39 per share, in Q4 2024.
Full-year 2025 adjusted EBITDA was $89.6 million, and the company expects 2026 adjusted EBITDA of $105 million to $110 million.
Twilio reported fourth-quarter 2025 revenue of $1.37 billion, up 14% year over year, and full-year revenue of $5.07 billion, also up 14%. The company posted a fourth-quarter GAAP net loss of $45.9 million after an $80.6 million impairment of an equity method investment, while full-year GAAP net income was $33.8 million. Its first-quarter and full-year 2026 guidance points to slower organic revenue growth than in 2025, which matters to shareholders weighing the company's growth trajectory.
Q4 2025 non-GAAP diluted EPS was $1.33, up from $1.00 a year earlier; GAAP diluted net loss per share was $0.30, versus $0.08 in Q4 2024.
Full-year 2025 GAAP diluted EPS was $0.21, compared with a loss of $0.66 in 2024; full-year non-GAAP diluted EPS was $4.89.
Q1 2026 guidance: revenue of $1.335 billion to $1.345 billion and non-GAAP diluted EPS of $1.21 to $1.26; organic revenue growth of 10% to 11%.
FY2026 guidance: organic revenue growth of 8% to 9%, versus 13% in 2025; free cash flow of $1.04 billion to $1.06 billion.
Maplebear Inc., which operates as Instacart, reported fourth-quarter 2025 results on February 12, 2026, with total revenue up 12% to $992 million and adjusted EBITDA up 20% to $303 million. GAAP net income fell 46% to $81 million, mainly due to higher general and administrative expense that included a $60 million FTC settlement. The company guided first-quarter 2026 GTV to $10,125 million to $10,275 million and adjusted EBITDA to $280 million to $290 million.
Q4 2025 GTV of $9,852 million, up 14% year-over-year; orders of 89.5 million, up 16%
Total revenue of $992 million, up 12%; GAAP net income of $81 million, down 46%
Adjusted EBITDA of $303 million, up 20%; Q4 repurchases of $1.1 billion of shares
Q1 2026 outlook: GTV of $10,125 million to $10,275 million; adjusted EBITDA of $280 million to $290 million
Yelp reported record full-year 2025 net revenue of $1.46 billion, up 4%, and net income of $146 million, up 10%, with diluted earnings per share of $2.24. Fourth-quarter results were weaker, with net revenue down 1% and adjusted EBITDA down 15%, and the company guided 2026 adjusted EBITDA to $310 million to $330 million, below the $369 million reported for 2025, as it invests in its AI transformation.
Full-year 2025 net revenue was a record $1.46 billion, up 4%; net income was $146 million; diluted EPS was $2.24, up 19%.
Fourth-quarter 2025 net revenue was $360 million, down 1%, and adjusted EBITDA was $86 million, down 15% from $101 million a year earlier.
2026 outlook: net revenue of $1.455 billion to $1.475 billion and adjusted EBITDA of $310 million to $330 million.
Restaurants, Retail & Other advertising revenue fell 6% to $444 million, while Services advertising revenue rose 8% to a record $948 million.
CareTrust REIT reported fourth-quarter and full-year 2025 results with higher net income, revenue and per-share normalized FFO than a year earlier. Q4 net income attributable to the company was $111.3 million, or $0.50 per diluted share, compared with $52.1 million a year earlier, and the company issued 2026 guidance for normalized FFO of $1.90 to $1.95 per share. The $0.335 quarterly dividend was maintained.
Q4 2025 net income attributable to CareTrust was $111.3 million, or $0.50 per diluted share, up $0.21 from $0.29 a year earlier.
Q4 normalized FFO was $0.47 per diluted share, up 18%; full-year 2025 normalized FFO was $1.76 per share, up 17%.
2026 guidance projects normalized FFO of $1.90 to $1.95 per share and net income of $1.45 to $1.50 per share, based on 225 million diluted shares.
The company closed $1.8 billion of investments in 2025 at a blended stabilized yield of 8.6%, and reported no borrowings on its $1.2 billion revolving credit facility.
Roku reported fourth-quarter and full-year 2025 results in a shareholder letter filed February 12, 2026. Q4 total net revenue was $1.395 billion, up 16% from a year earlier, and the company reported Q4 net income of $80.5 million compared with a $35.5 million loss in Q4 2024. The company also guided to 2026 total net revenue of $5.500 billion and Adjusted EBITDA of $635 million.
Q4 2025 total net revenue was $1.395 billion, up 16% year over year; Q4 net income was $80.5 million, versus a loss of $35.5 million in Q4 2024.
Full-year 2025 total net revenue was $4.737 billion, up 15%, and net income was $88.4 million, versus a loss of $129.4 million in 2024.
For 2026, Roku expects total net revenue of $5.500 billion and Q1 2026 total net revenue of $1.200 billion.
Roku repurchased $150 million of shares under a $400 million stock repurchase program announced in the third quarter of 2025.
SPS Commerce reported fourth-quarter 2025 revenue of $192.7 million, up 13%, and net income of $25.8 million, or $0.68 per diluted share, versus $17.6 million, or $0.46, a year earlier. The board also named Joseph Del Preto as Chief Financial Officer effective March 16, 2026, succeeding Kimberly Nelson, who is retiring, and added $200.0 million to the share repurchase authority.
Q4 2025 revenue was $192.7 million, up from $170.9 million; net income was $25.8 million, or $0.68 per diluted share, versus $0.46 a year earlier.
Fiscal 2026 revenue guidance is $798.5 million to $806.9 million, representing 6% to 7% growth over 2025.
Joseph Del Preto joins as Executive Vice President and CFO effective March 16, 2026, succeeding Kimberly Nelson, who is retiring.
Repurchase authority rises by $200.0 million to a total of $300.0 million, with the program expiring December 1, 2027.
HASI reported a fourth-quarter 2025 GAAP net loss attributable to controlling stockholders of $53.8 million, or $0.43 per diluted share, compared with net income of $70.1 million, or $0.54 per share, a year earlier. For full-year 2025, GAAP diluted EPS fell to $1.41 from $1.62, while adjusted EPS rose 10% to $2.70; the company also raised its quarterly dividend to $0.425 per share and introduced 2028 adjusted EPS guidance of $3.50 to $3.60. For shareholders, GAAP earnings declined while adjusted measures and long-term guidance point to growth.
Q4 2025 GAAP net loss to controlling stockholders of $53.8 million, diluted EPS of $(0.43), versus net income of $70.1 million and $0.54 in Q4 2024
Full-year 2025 adjusted earnings of $342 million and adjusted EPS of $2.70, versus $2.45 in 2024; GAAP diluted EPS was $1.41 versus $1.62
Closed $4.3 billion of new investments in 2025, up 87% year-over-year
2028 guidance of adjusted EPS of $3.50 to $3.60; quarterly dividend of $0.425 per share payable April 17, 2026
Federal Realty reported fourth-quarter and full-year 2025 results on February 12, 2026. Full-year net income available to common shareholders was $403.0 million, or $4.68 per diluted share, up from $287.2 million, or $3.42, in 2024, and total revenue was $1.28 billion. The company also issued 2026 guidance of $7.42 to $7.52 per diluted share for Nareit FFO and Core FFO, and $3.90 to $4.00 for earnings per diluted share.
Q4 2025 net income available to common shareholders was $127.7 million, or $1.48 per diluted share, versus $63.5 million, or $0.75, in Q4 2024.
Full-year 2025 Nareit FFO was $7.22 per diluted share, up 6.6% from $6.77; Core FFO was $7.06, up 4.3%.
Acquired two properties in Q4 2025 totaling $340 million, including Village Pointe in Omaha, NE.
Declared a regular quarterly dividend of $1.13 per common share, payable April 15, 2026.
Arista Networks reported fourth-quarter 2025 revenue of $2.488 billion, up 28.9% from a year earlier, and GAAP net income of $955.8 million, or $0.75 per diluted share, compared with $0.62 a year earlier. For the first quarter of 2026, the company expects revenue of approximately $2.6 billion, with non-GAAP gross margin of about 62-63% and non-GAAP operating margin of about 46%.
Q4 2025 revenue of $2.488 billion, up 28.9% from Q4 2024 and up 7.8% from Q3 2025
Q4 2025 GAAP net income of $955.8 million, or $0.75 per diluted share, versus $0.62 in Q4 2024
Full-year 2025 revenue of $9.006 billion, up 28.6%; GAAP net income of $3.511 billion, or $2.75 per diluted share
Q1 2026 outlook: revenue of approximately $2.6 billion; non-GAAP gross margin of about 62-63%; non-GAAP operating margin of about 46%
Pinterest reported fourth-quarter 2025 revenue of $1.3 billion, up 14% year over year, and full-year revenue of $4.2 billion, up 16%. GAAP net income fell sharply from the prior year, which included a $1.6 billion tax benefit, while non-GAAP net income rose 17% and Adjusted EBITDA rose 15%. The company also guided first-quarter 2026 revenue to $951 million to $971 million.
Q4 2025 revenue was $1,319 million, up 14% (13% in constant currency); full-year 2025 revenue was $4,222 million, up 16%.
Q4 2025 GAAP net income was $277 million, down 85% from $1,847 million a year earlier; the prior-year period included a tax benefit of $1,597.0 million.
Q4 2025 non-GAAP net income rose 17% to $451 million, and Adjusted EBITDA rose 15% to $542 million.
For Q1 2026, Pinterest expects revenue of $951 million to $971 million (11% to 14% growth) and Adjusted EBITDA of $166 million to $186 million.
Ryan Specialty reported fourth-quarter 2025 total revenue of $751.2 million, up 13.2%, while net income fell 26.6% to $31.2 million. The board also approved a three-year Empower restructuring program with about $160 million of pre-tax charges, a $300 million share repurchase authorization and an 8.3% dividend increase, which affects shareholders through near-term charges and capital returns.
Q4 2025 total revenue $751.2 million, up 13.2%; net income $31.2 million, down 26.6%; diluted EPS $0.06
Adjusted diluted EPS flat at $0.45; Adjusted EBITDAC margin 29.6% versus 32.6% a year earlier
Empower Program: about $160 million of cumulative pre-tax charges through 2028, with about $80 million of annual savings expected in 2029
$300 million share repurchase authorization; quarterly dividend raised 8.3% to $0.13, payable March 10, 2026
Coinbase reported fourth-quarter 2025 total revenue of $1.8 billion, down 5% from the prior quarter, and a net loss of $667 million, compared with net income of $433 million in Q3. The loss was driven mainly by a $718 million loss on its crypto asset investment portfolio and a $395 million loss on strategic investments. Full-year 2025 total revenue rose 9% to $7.2 billion, but full-year net income fell to $1.26 billion from $2.58 billion in 2024.
Q4 2025 net loss was $667 million, versus net income of $433 million in Q3 2025; Adjusted EBITDA was $566 million, versus $801 million in Q3
Full-year 2025 total revenue was $7.2 billion, up 9% year over year
Repurchased $1.7 billion of Class A common stock in Q4 and through February 10, 2026; board added $2.0 billion to the repurchase authorization in January 2026, with $2.3 billion remaining as of February 10, 2026
Q1 2026 subscription and services revenue outlook is $550 million to $630 million
Dutch Bros reported fourth-quarter and full-year 2025 results on February 12, 2026. Fourth-quarter revenue grew 29.4% year over year to $443.6 million, and net income rose to $29.2 million from $6.4 million, while the company also issued 2026 guidance of $2 billion to $2.03 billion in total revenue and $355 million to $365 million in Adjusted EBITDA.
Q4 2025 total revenues rose 29.4% to $443.6 million, versus $342.8 million in Q4 2024.
Q4 2025 net income was $29.2 million, versus $6.4 million a year earlier; Adjusted EBITDA rose 48.8% to $72.6 million.
Full-year 2025 revenue was $1.64 billion and net income was $117.3 million.
2026 guidance: total revenues of about $2 billion to $2.03 billion, same shop sales growth of 3% to 5%, and Adjusted EBITDA of $355 million to $365 million, including the continued impact of elevated coffee costs.
Sabra Health Care REIT reported fourth quarter 2025 total revenues of $211.9 million, up from $182.3 million a year earlier, but diluted net income fell to $0.11 per share from $0.19. Normalized FFO rose to $0.36 per share from $0.35 and normalized AFFO rose to $0.38 from $0.36. The company also initiated 2026 guidance for normalized FFO of $1.49 to $1.53 per share and normalized AFFO of $1.55 to $1.59 per share.
Q4 2025 diluted net income $0.11 per share vs $0.19 in Q4 2024; net loss on sales of real estate was $9.1 million in the quarter
Q4 2025 normalized FFO $0.36 per share vs $0.35; normalized AFFO $0.38 vs $0.36
2026 guidance: net income $0.60 to $0.64 per share; normalized FFO $1.49 to $1.53; normalized AFFO $1.55 to $1.59
Board declared a quarterly dividend of $0.30 per share, payable February 27, 2026 to holders of record on February 13, 2026
Wynn Resorts reported fourth-quarter 2025 operating revenues of $1.87 billion, up $27.2 million from a year earlier, but net income attributable to the company fell to $100.0 million from $277.0 million. The company also declared a quarterly dividend of $0.25 per share, payable March 4, 2026, to holders of record on February 23, 2026.
Q4 operating revenues were $1.87 billion, up $27.2 million from $1.84 billion in Q4 2024.
Q4 net income attributable to Wynn Resorts was $100.0 million, versus $277.0 million a year earlier.
Q4 diluted EPS was $0.82, versus $2.29; adjusted diluted EPS was $1.17, versus $2.42.
Quarterly dividend of $0.25 per share is payable March 4, 2026, to holders of record as of February 23, 2026.
Warrior Met Coal reported fourth-quarter 2025 net income of $23.0 million, or $0.44 per diluted share, up from $1.1 million a year earlier, on record quarterly sales of 2.9 million short tons as the Blue Creek mine ramped up. For full-year 2025, net income fell to $57.0 million from $250.6 million, and the company raised its 2026 volume guidance.
Q4 2025 net income was $23.0 million, or $0.44 per diluted share, versus $1.1 million, or $0.02 per diluted share, in Q4 2024.
Full-year 2025 total revenues were $1.3 billion, down 14% from 2024, and net income was $57.0 million versus $250.6 million in 2024.
Record Q4 2025 sales volume of 2.9 million short tons, including 881 thousand short tons from Blue Creek; Blue Creek longwall operations began in October 2025.
2026 guidance calls for 12.5 to 13.5 million short tons of coal sales; the board declared a $0.08 per share dividend payable March 2, 2026.
Vertex reported fourth-quarter 2025 total revenue of $3.19 billion, up 10% from a year earlier, and GAAP net income of $1.19 billion, or $4.65 per diluted share, compared with $913 million, or $3.50 per diluted share, in the fourth quarter of 2024. The company also gave full year 2026 total revenue guidance of $12.95 billion to $13.1 billion, which shareholders can compare with future results.
Q4 2025 GAAP net income was $1.19 billion, or $4.65 per diluted share, versus $913 million, or $3.50 per diluted share, in Q4 2024.
Full year 2025 total revenue was $12.0 billion, up 9%, and GAAP net income was $3.95 billion, compared with a GAAP net loss of $536 million in 2024.
2026 guidance: total revenue of $12.95 billion to $13.1 billion and GAAP R&D, AIPR&D and SG&A expenses of $6.3 billion to $6.45 billion.
Dexcom reported fourth-quarter 2025 revenue up 13% year over year to $1.260 billion and full-year 2025 revenue of $4.662 billion, up 16%. GAAP net income was $267.3 million, or $0.68 per diluted share, compared with $151.7 million, or $0.38 per diluted share, a year earlier. The company reiterated 2026 revenue guidance of $5.16 billion to $5.25 billion and set new Adjusted EBITDA Margin guidance of approximately 30% to 31%.
Q4 2025 revenue was $1.260 billion, up 13% on a reported basis and 12% on an organic basis, from $1.114 billion in Q4 2024.
GAAP operating income was $323.0 million, or 25.6% of revenue, versus $188.9 million in Q4 2024.
2026 guidance: revenue of $5.16 billion to $5.25 billion (reiterated) and Adjusted EBITDA Margin of approximately 30% to 31% (newly established).
Cash, cash equivalents and marketable securities totaled $2.00 billion as of December 31, 2025; the revolving credit facility is undrawn.
Applied Materials reported first-quarter fiscal 2026 revenue of $7.01 billion, down 2 percent year over year, with non-GAAP EPS flat at $2.38 and GAAP EPS up 75 percent to $2.54. GAAP results included a $484 million unrealized gain on strategic investments and a $253 million legal settlement charge tied to an export controls compliance matter. For shareholders, lower sales and flat adjusted earnings sit alongside higher GAAP earnings, and the company guided second-quarter revenue to $7.65 billion plus or minus $500 million.
Revenue was $7.01 billion, down 2 percent year over year; GAAP gross margin was 49.0 percent and non-GAAP gross margin was 49.1 percent.
GAAP diluted EPS was $2.54, up from $1.45; non-GAAP diluted EPS was $2.38, unchanged from the prior year.
The quarter included a $253 million charge for a settlement with the U.S. Commerce Department Bureau of Industry and Security over an export controls compliance matter.
Second-quarter fiscal 2026 outlook: total revenue of $7.65 billion plus or minus $500 million and non-GAAP diluted EPS of $2.64 plus or minus $0.20.
Cohu reported fourth-quarter 2025 revenue of $122.2 million, up 30% from a year earlier but down from $126.2 million in the third quarter. The GAAP net loss was $22.5 million, or $0.48 per share, compared with a loss of $21.4 million, or $0.46 per share, a year earlier. The company expects first-quarter 2026 sales of $122 million, plus or minus $7 million.
Full-year 2025 revenue was $453.0 million, up 13% from $401.8 million in 2024.
Full-year 2025 GAAP net loss was $74.3 million, or $1.59 per share, versus $69.8 million, or $1.49 per share, in 2024.
Non-GAAP net loss for Q4 2025 was $7.2 million, or $0.15 per share; Cohu did not repurchase shares in Q4 2025.
First-quarter 2026 sales guidance is $122 million, plus or minus $7 million.
Airbnb reported fourth-quarter 2025 revenue of $2.8 billion, up 12% year over year and above the high end of its guidance range, with Gross Booking Value up 16%. Net income fell to $341 million from the prior-year quarter, as planned investments and about $90 million of non-income tax matters offset higher revenue. The company guided first-quarter 2026 revenue growth of 14% to 16% and expects full-year 2026 revenue growth of at least low double digits.
Q4 2025 revenue was $2.8 billion, up 12% year over year; full-year 2025 revenue was $12.2 billion, up 10%.
Q4 2025 net income was $341 million, compared with a lower net income margin of 12% versus 19% a year earlier; full-year net income was $2.5 billion.
Q4 2025 Adjusted EBITDA was $786 million, up 3% from $765 million, with the margin at 28% versus 31%.
Q1 2026 revenue guidance is $2.59 billion to $2.63 billion; the company repurchased $1.1 billion of Class A stock in Q4 2025.
Expedia Group reported fourth-quarter 2025 revenue of $3.547 billion, up 11% year over year, and gross bookings of $27.0 billion, also up 11%. GAAP net income attributable to the company fell 31% to $205 million, while adjusted EPS rose 58% to $3.78. The company also issued 2026 guidance calling for full-year revenue of $15.6 to $16.0 billion and declared a quarterly dividend of $0.48 per share.
Q4 2025 diluted EPS was $1.60, down 27% from $2.20; adjusted EPS was $3.78, up 58%.
Full-year 2025 revenue was $14.733 billion, up 8%, and the company repurchased about 9 million shares for $1.7 billion.
Guidance: Q1 2026 revenue of $3.32 to $3.37 billion; full-year 2026 revenue of $15.6 to $16.0 billion, up 6% to 9%.
Quarterly dividend of $0.48 per share is payable March 26, 2026, to holders of record on March 5, 2026.
Trupanion reported fourth-quarter and full-year 2025 results on February 12, 2026. Fourth-quarter total revenue rose 12% to $376.9 million, and net income was $5.6 million, or $0.13 per diluted share, compared with $1.7 million, or $0.04, a year earlier. Full-year 2025 net income was $19.4 million, or $0.45 per share, versus a net loss of $9.6 million in 2024, though that result includes a $7.8 million realized gain from exchanging a preferred stock investment for intellectual property.
Q4 2025 adjusted EBITDA was $21.8 million, compared with $19.4 million in Q4 2024.
Full-year 2025 total revenue was $1,439.3 million, up 12%; subscription revenue was $989.3 million, up 16%.
Total enrolled pets fell 2% to 1,647,565 at December 31, 2025, while subscription enrolled pets rose 5% to 1,096,173.
Q4 2025 operating cash flow was $29.3 million and free cash flow was $25.3 million; the company held $370.7 million in cash and short-term investments at year-end.
Corsair reported fiscal fourth-quarter and full-year 2025 results, with full-year revenue up 12% to $1,472.5 million and GAAP net loss per share narrowing to ($0.12) from ($0.95). The company also announced its first stock repurchase authorization, up to $50 million, and guidance for 2026 that calls for revenue down about 5% at the midpoint, though adjusted EBITDA is expected to grow.
FY25 adjusted EBITDA rose 84% to $100.6 million, above the high end of guidance; Q4 2025 adjusted EBITDA rose 62% to $53.6 million.
Q4 2025 revenue rose 6% to $436.9 million; diluted GAAP EPS was $0.22 versus $0.01 a year earlier.
2026 guidance: net revenue $1.33 billion to $1.47 billion; adjusted EBITDA $100 million to $115 million; non-GAAP EPS $0.58 to $0.74.
The Board authorized repurchases of up to $50 million of common stock, effective immediately with no expiration date.
NorthWestern reported 2025 results with total revenue up to $1.61 billion from $1.51 billion, but GAAP net income fell to $181.1 million from $224.1 million, mainly due to a $30.9 million non-cash charge tied to a Montana regulatory disallowance. The company initiated 2026 non-GAAP EPS guidance of $3.68 to $3.83 per diluted share and announced a $3.2 billion 2026-2030 capital plan, while the pending Black Hills merger is expected to close in the second half of 2026.
2025 GAAP diluted EPS was $2.94 versus $3.65 in 2024; adjusted non-GAAP diluted EPS was $3.58 versus $3.40
2026 non-GAAP EPS guidance is $3.68 to $3.83 per diluted share, based on normal weather and excluding Black Hills merger costs
Quarterly dividend increased 1.5% to $0.67 per share, payable March 31, 2026, to holders of record as of March 13, 2026
Black Hills merger shareholder votes are scheduled for April 2, 2026
Tootsie Roll reported fourth-quarter 2025 net sales of $194,350,000, up 2% from $191,356,000, and net earnings of $28,791,000, up from $22,509,000. Earnings per share rose to $0.40 from $0.31, but the company said higher cocoa and chocolate costs and a prior-year LIFO liquidation benefit weighed on adjusted net earnings, which fell to $29,116,000 from $33,519,000.
Q4 2025 net sales were $194,350,000 versus $191,356,000 in Q4 2024, an increase of $2,994,000 or 2%.
Q4 2025 net earnings were $28,791,000, or $0.40 per share, versus $22,509,000, or $0.31 per share, in Q4 2024.
Full-year 2025 net sales were $724,675,000 and net earnings were $100,052,000, or $1.37 per share, versus $1.18 per share in 2024.
The company estimated its 2025 incremental cost of tariffs at approximately $3.7 million and said lower cocoa and chocolate costs should begin in late 2026.
Terex reported fourth-quarter 2025 net sales of $1.3 billion, up 6%, and EPS of $1.12, $0.35 higher than a year earlier, with full-year EPS of $4.93 in line with its outlook. The company also completed its merger with REV Group the prior week and guided 2026 EPS to $4.50 to $5.00, below the $4.80 to $5.20 legacy Terex range, as the merger is expected to dilute EPS by about 3%.
Q4 2025 net sales were $1.3 billion, up 6% year over year; EPS was $1.12 and EBITDA was $141 million.
Full-year 2025 net sales rose 6% to $5.4 billion, and full-year EPS was $4.93, consistent with the company's outlook.
2026 outlook: pro forma sales of $7.5 billion to $8.1 billion, EBITDA of $930 million to $1 billion, and EPS of $4.50 to $5.00 on 111 million shares.
The company is evaluating inbound interest in its Aerials business under a strategic review.
Trinity Industries reported fourth-quarter 2025 diluted EPS from continuing operations of $2.31, up from $0.38, while revenue fell to $611.2 million from $629.4 million. For full year 2025, EPS was $3.14 versus $1.81 and revenue was $2.16 billion versus $3.08 billion. The profit increase was helped by a $194 million non-cash pre-tax gain from a December 2025 railcar partnership restructuring with Napier Park, and the company guided 2026 EPS to $1.85 to $2.10, below its 2025 level.
Q4 2025 diluted EPS from continuing operations was $2.31 versus $0.38; revenue was $611.2 million versus $629.4 million.
Full-year 2025 EPS was $3.14 versus $1.81; revenue was $2.16 billion versus $3.08 billion.
A $194 million non-cash pre-tax gain came from the December 2025 railcar partnership restructuring with Napier Park.
2026 EPS guidance is $1.85 to $2.10; the quarterly dividend was raised to $0.31 per share from $0.30.
Lincoln Electric reported fourth-quarter 2025 results in a Form 8-K dated February 12, 2026. Net sales rose 5.5% to $1,078.7 million and adjusted EPS was $2.65, up from $2.57 a year earlier, while GAAP diluted EPS was $2.45 versus $2.47, reflecting special item charges of $10.6 million. For the full year, net sales rose 5.6% to $4,233.0 million and GAAP diluted EPS was $9.32, up from $8.15.
Q4 2025 net sales up 5.5% to $1,078.7 million; organic sales up 2.5%
Q4 2025 GAAP diluted EPS $2.45 vs $2.47 prior year; adjusted EPS $2.65 vs $2.57
Full-year 2025 net sales $4,233.0 million (up 5.6%); GAAP diluted EPS $9.32 vs $8.15
Full-year 2025 cash flow from operations $661.2 million; $507 million returned to shareholders
BGC Group reported fourth-quarter 2025 revenue of $756.4 million, up 32.2% from a year earlier, and full-year revenue of $2.94 billion, up 30.0%. Post-tax Adjusted Earnings per share rose 24.0% to $0.31 in the quarter, while GAAP diluted EPS fell 40.0% to $0.03 after $54.8 million of cost reduction charges. The company guided first-quarter 2026 revenue to $860 million to $920 million.
Q4 2025 revenue $756.4 million, up 32.2%; excluding OTC, revenue rose 12.2% to $641.9 million
Q4 GAAP diluted EPS $0.03 vs $0.05 a year earlier; pre-tax income $25.0 million includes $54.8 million of cost reduction charges
FY2025 revenue $2.94 billion, up 30.0%; GAAP diluted EPS $0.31 vs $0.25
Q1 2026 guidance: revenues $860 million to $920 million; pre-tax Adjusted Earnings $202 million to $222 million; quarterly dividend $0.02 per share payable March 18, 2026
Euronet reported fourth quarter and full-year 2025 results on February 12, 2026. Q4 revenue rose 6% to $1,108.7 million, but operating income fell 18% to $101.0 million after a $20.4 million Money Transfer restructuring charge, and full-year adjusted EPS rose 12% to $9.61. The company expects 2026 adjusted earnings growth of 10% to 15%, excluding currency, interest rate and other unforeseen factors.
Q4 2025 net income attributable to Euronet was $51.5 million, or $1.08 diluted EPS, versus $0.98 a year earlier; adjusted EPS was $2.39, up 15% from $2.08.
Full-year 2025 revenue was $4,244.2 million, up 6%, and full-year net income attributable to Euronet was $309.5 million, or $6.84 diluted EPS.
Money Transfer Q4 operating income fell 36% to $37.2 million, including the $20.4 million restructuring charge; adjusted operating income was $121.6 million, down 1%.
Euronet guided to 10% to 15% adjusted earnings growth in 2026 and agreed to acquire CrediaBank's merchant acquiring business, with closing expected in the second half of 2026.
Alnylam reported fourth quarter 2025 total revenues of $1.1 billion, up 85% from a year earlier, and GAAP net income of $111.5 million, compared with a net loss of $83.8 million in the same quarter of 2024. For the full year, total revenues were $3.71 billion, up 65%, and GAAP net income was $313.7 million, compared with a net loss of $278.2 million in 2024. The company reiterated its 2026 total net product revenue guidance of $4.9 billion to $5.3 billion.
Q4 2025 total net product revenues were $995 million, up 121%, led by AMVUTTRA at $827 million.
Full-year 2025 GAAP net income was $313.7 million, versus a net loss of $278.2 million in 2024.
2026 total net product revenue guidance of $4,900 million to $5,300 million was reiterated.
Cash, cash equivalents and marketable securities were $2.91 billion as of December 31, 2025.
IPG Photonics reported fourth-quarter 2025 revenue of $274.5 million, up 17% from a year earlier, and GAAP diluted EPS of $0.31, up from $0.18. Gross margin fell to 36.1% from 38.6% because of higher product costs and tariffs, and operating income dropped 76% to $3.3 million. The board authorized a new $100 million share repurchase program, and the company guided first-quarter 2026 revenue to $235 million to $265 million.
Q4 2025 revenue $274.5 million, up 17% year over year; GAAP diluted EPS $0.31 vs $0.18; adjusted EPS $0.46 vs $0.30
GAAP gross margin 36.1% vs 38.6%, reflecting higher product cost and tariffs; operating income $3.3 million vs $14.0 million
New share repurchase program authorized for up to $100 million of common stock
Q1 2026 guidance: revenue $235 million to $265 million; adjusted EPS $0.10 to $0.40; adjusted EBITDA $25 million to $40 million
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.