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).
Nicolet Bankshares completed its merger with MidWest One Financial Group effective February 13, 2026, with MidWest One merging into Nicolet and issuing about 6.6 million Nicolet shares to MidWest One holders. The company said the deal adds about $6 billion in assets, raising total assets to about $15 billion, and the board was expanded to twelve members with four former MidWest One directors joining.
Merger effective February 13, 2026; each MidWest One share converted into 0.3175 Nicolet shares
About 6.6 million Nicolet shares issued, valued at $155.19 per share based on the February 13, 2026 NYSE closing price
Board set at twelve members: eight Nicolet directors and four former MidWest One directors (Tracy S. McCormick, Carl J. Chaney, Janet E. Godwin, Matthew J. Hayek)
MidWest One Bank will operate as a division until a planned system conversion in August 2026
Alliant Energy reported 2025 GAAP earnings of $3.14 per share, up from $2.69 in 2024, and ongoing earnings of $3.22 per share, up from $3.04. The company affirmed its 2026 ongoing EPS guidance of $3.36 to $3.46. Fourth-quarter results were weaker, with GAAP EPS of $0.55 versus $0.58 and ongoing EPS of $0.60 versus $0.70 a year earlier.
Full-year 2025 GAAP EPS of $3.14 vs. $2.69 in 2024; ongoing EPS of $3.22 vs. $3.04, which the company says is 6% growth.
Fourth-quarter 2025 GAAP EPS of $0.55 vs. $0.58 in Q4 2024; ongoing EPS of $0.60 vs. $0.70.
2026 ongoing EPS guidance of $3.36 to $3.46 affirmed, not changed.
Spartacus Acquisition Corp. II, a blank check company, completed its initial public offering of 23,000,000 units on February 12, 2026, including the full exercise of the underwriters' over-allotment option, for gross proceeds of $230 million. The full $230 million, or $10.00 per public share, was placed in a U.S.-based trust account held by Continental Stock Transfer & Trust Company, and the company has not yet selected a business combination target.
IPO closed February 12, 2026: 23,000,000 units at $10.00 each, gross proceeds of $230,000,000
Private placement to sponsor Spartacus Sponsor II LLC: 4,125,000 warrants at $1.00 each, gross proceeds of $4,125,000
$230,000,000 placed in trust account; company has 24 months from IPO closing to complete a business combination
Cash on hand of $1,962,363 as of February 12, 2026
Getty Realty Corp. entered into an underwriting agreement on February 17, 2026, for 4,000,000 shares of common stock sold through forward sale agreements, at $32.48 per share to the underwriters, and the offering closed on February 19, 2026. The company will not receive proceeds from the initial sale, but it expects to issue shares and receive cash upon settlement of the forward sale agreements within about one year, which would add to its outstanding common stock.
4,000,000 shares offered at a price to the underwriters of $32.48 per share; underwriters are J.P. Morgan Securities LLC and Wells Fargo Securities, LLC.
The offering closed on February 19, 2026, and the company receives no proceeds from the shares sold by the forward sellers.
Company expects to physically settle the forward sale agreements within approximately one year of the February 17, 2026 prospectus supplement, with the forward sale price initially set at $32.48 per share.
Underwriters hold a 30-day option to buy an additional 600,000 shares; exercise would lead to another forward sale agreement.
Camden Property Trust sold $600 million of 4.900% notes maturing in 2036, with the sale closing on February 19, 2026. The company expects about $594.0 million in net proceeds to repay part of its $1.2 billion revolving credit facility and part of its $600 million commercial paper program, plus general corporate purposes.
Notes: $600 million principal, 4.900% interest, maturing February 28, 2036
Offered to the public at 99.936% of face amount; net proceeds of about $594.0 million
Proceeds to repay part of the $1.2 billion revolver and part of the $600 million commercial paper program
Issued under an existing shelf registration; underwriters include BofA Securities and J.P. Morgan
Pinnacle West and its utility subsidiary Arizona Public Service (APS) each signed new five-year unsecured revolving credit facilities on February 18, 2026, replacing earlier facilities that would have expired in April 2028. The filing also discloses 2026 annual incentive award opportunities for several executives, tied to APS earnings levels and business unit goals.
Pinnacle West facility: up to $300 million through February 18, 2031, replacing a $200 million facility
APS facility: up to $1.7 billion through February 18, 2031, replacing a $1.25 billion facility
Chairman, President and CEO Theodore N. Geisler has a target incentive of up to 125% of base salary, with a maximum of 250%
Facilities can support commercial paper issuance and letters of credit; both include change of control and cross default provisions
Fidelity National Financial reported fourth quarter 2025 results on February 19, 2026. The company posted a net loss attributable to common shareholders of $117 million, or $0.43 per diluted share, compared with net earnings of $450 million, or $1.65 per share, a year earlier. The loss reflects a $471 million noncash deferred tax charge tied to the December 31, 2025 distribution of F&G shares to FNF shareholders, while adjusted net earnings rose to $382 million, or $1.41 per share.
Q4 2025 net loss attributable to common shareholders was $117 million, or $0.43 per diluted share, including a $471 million noncash deferred income tax charge
Q4 2025 adjusted net earnings were $382 million, or $1.41 per share, versus $366 million, or $1.34 per share, in Q4 2024
Total revenue was $4,051 million for Q4 2025, compared with $3,621 million for Q4 2024
FNF returned about $170 million to shareholders in Q4 2025 through $140 million of dividends and $30 million of share repurchases
RingCentral reported fourth-quarter and full-year 2025 results on February 19, 2026, with total revenue up 5% in both periods and GAAP net income per diluted share of $0.26 for the quarter, compared with a loss of $0.08 a year earlier. The Board also initiated a quarterly cash dividend of $0.075 per share, payable March 16, 2026, and the company raised its share repurchase authorization to $500 million.
Q4 2025 total revenue was $644 million, up from $615 million; GAAP operating income was $42 million versus $16 million a year earlier.
Full-year 2025 total revenue was $2.515 billion, up from $2.400 billion; GAAP net income per diluted share was $0.48 versus a loss of $0.63 in 2024.
Quarterly dividend of $0.075 per share is payable March 16, 2026 to holders of record on March 9, 2026.
For fiscal 2026, guidance calls for total revenue growth of about 4% to 5% and non-GAAP EPS of $4.76 to $4.97.
Century Aluminum reported fourth-quarter 2025 net sales of $633.7 million, up slightly from the prior quarter, but net income attributable to stockholders fell to $1.8 million, or $0.02 per diluted share, from $14.9 million in the third quarter. Full-year 2025 net income was $41.8 million, down $295.0 million from 2024, and the company guided first-quarter 2026 Adjusted EBITDA attributable to stockholders to $215 million to $235 million.
Q4 2025 net sales $633.7 million versus $632.2 million in Q3 2025; Q4 net income $1.8 million, or $0.02 per diluted share
Q4 Adjusted net income $128.2 million, or $1.25 per share; Adjusted EBITDA attributable to stockholders $170.6 million
FY 2025 net sales $2.5 billion; FY net income $41.8 million, or $0.42 per diluted share, versus $336.8 million in 2024
Q1 2026 outlook: Adjusted EBITDA attributable to stockholders of $215 million to $235 million, citing higher energy costs from Winter Storm Fern
Con Edison reported 2025 net income for common stock of $2,023 million, or $5.66 a share, up from $1,820 million, or $5.26 a share, in 2024, and adjusted EPS of $5.70 versus $5.40. Fourth-quarter results were lower than a year earlier, with adjusted EPS of $0.89 versus $0.98. The company expects 2026 adjusted EPS of $6.00 to $6.20 and a five-year adjusted EPS growth rate of 6% to 7%.
Full-year 2025 GAAP net income for common stock was $2,023 million, or $5.66 a share, compared with $1,820 million, or $5.26 a share, in 2024.
Full-year 2025 adjusted EPS was $5.70 versus $5.40; the CFO said this was at the top end of the company's guidance range.
Fourth-quarter 2025 GAAP net income was $297 million, or $0.82 a share, versus $310 million, or $0.90 a share, a year earlier.
For 2026, the company expects adjusted EPS of $6.00 to $6.20 and a five-year adjusted EPS growth rate of 6% to 7%.
Chemours reported a fourth-quarter 2025 net loss of $47 million, or $0.31 per diluted share, versus a $11 million loss a year earlier, on net sales of $1.3 billion, down 2%. For full year 2025, the company posted a $386 million net loss ($2.57 per diluted share) after net income of $69 million in 2024, driven by litigation-related charges. The company also guided to 2026 adjusted EBITDA of $800 million to $900 million, which shareholders can use as a benchmark for future results.
Q4 2025 net loss attributable to Chemours was $47 million, or $0.31 per diluted share, vs. a $11 million loss, or $0.08 per share, a year earlier
Q4 2025 adjusted EBITDA was $128 million, down from $168 million; full year adjusted EBITDA was $742 million vs. $768 million
Full year 2026 outlook calls for net sales growth of 3% to 5% and adjusted EBITDA of $800 million to $900 million
Sale of the former Kuan Yin TiO2 site was announced January 15, 2026, for approximately $300 million in net proceeds
Vicor reported fourth-quarter 2025 net income of $46.5 million, or $1.01 per diluted share, up from $10.2 million, or $0.23, a year earlier. The result included a $27.3 million tax benefit from the partial recognition of deferred tax assets. Product revenue rose 15.3% to $92.7 million, while royalty revenue fell 7.8% to $14.5 million.
Q4 product revenue was $92.7 million, up 15.3% from $80.4 million a year earlier.
Q4 royalty revenue was $14.5 million, down 7.8% year over year and down sequentially after a catch-up amount in Q3.
Full-year 2025 net income was $118.6 million, or $2.61 per diluted share, including a $24.0 million tax benefit.
Cash and cash equivalents were $402.8 million at December 31, 2025; Q4 backlog was $176.9 million.
Extra Space Storage reported fourth-quarter 2025 results on February 19, 2026. Net income per diluted share rose 9.7% to $1.36 and Core FFO per diluted share rose 2.5% to $2.08, while same-store revenue grew 0.4% and ending occupancy fell to 92.6% from 93.3%. The company also projected 2026 Core FFO of $8.05 to $8.35 per share, compared with full-year 2025 Core FFO of $8.21.
Q4 2025 net income of $1.36 per diluted share, up 9.7% from the prior-year quarter; FFO of $1.99 per diluted share.
Q4 2025 Core FFO of $2.08 per diluted share, up 2.5%; full-year 2025 Core FFO of $8.21, up 1.1%.
Same-store revenue rose 0.4% and same-store NOI rose 0.1% in Q4; ending same-store occupancy was 92.6% versus 93.3% a year earlier.
2026 guidance: Core FFO of $8.05 to $8.35 per share and same-store NOI growth of (2.25)% to 1.25%.
NNN REIT announced that Chair Steven D. Cosler retired from its Board effective February 18, 2026, and that independent director Edward J. Fritsch will succeed him as Chair. The change is a board leadership transition with no financial results or guidance included in the filing.
Steven D. Cosler retired from the Board effective February 18, 2026; he had served on the Board since August 2016 and as Chair since May 2021.
Edward J. Fritsch, a director since February 2012, becomes Chair upon Mr. Cosler's retirement.
Mr. Fritsch is a former President and CEO of Highwoods Properties, Inc. (retired 2019).
On February 19, 2026, T-Mobile USA, a wholly-owned subsidiary of T-Mobile US, closed an underwritten public offering of €2.5 billion in senior notes in three tranches. The filing says net proceeds are expected to fund general corporate purposes, including share repurchases, dividends declared by the Board, and refinancing of existing debt.
Three tranches totaling €2.5 billion: €750 million of 3.200% notes due 2032, €750 million of 3.625% notes due 2035, and €1.0 billion of 3.900% notes due 2038.
The offering closed on February 19, 2026, under an underwriting agreement dated February 12, 2026.
The notes are senior unsecured obligations guaranteed initially by T-Mobile US and certain wholly-owned subsidiaries.
T-Mobile USA intends to list the notes on the Nasdaq Bond Exchange.
Valaris reported fourth quarter 2025 total operating revenues of $537 million, down from $596 million in the third quarter, and adjusted EBITDA of $97 million, down from $163 million. Net income rose to $717 million, but it included a $680 million tax benefit, and the company gave FY 2026 guidance for revenue of $2,125 million to $2,205 million and adjusted EBITDA of $485 million to $565 million. Valaris also said it will not hold future earnings calls or update guidance because of the pending business combination with Transocean.
Total operating revenues were $537 million, versus $596 million in Q3 2025; diluted EPS was $10.26, versus $2.65.
Net income of $717 million included a $680 million tax benefit; adjusted EBITDA fell to $97 million from $163 million.
FY 2026 guidance: total operating revenues of $2,125 million to $2,205 million and adjusted EBITDA of $485 million to $565 million, excluding costs tied to the Transocean deal announced February 9, 2026.
Valaris will not hold future earnings calls or provide updates to forward-looking guidance.
Metallus reported fourth-quarter 2025 net sales of $267.3 million and a net loss of $14.3 million, or $0.34 per diluted share, compared with a net loss of $21.4 million a year earlier and net income of $8.1 million in the third quarter of 2025. For full-year 2025, net sales rose 7% to $1.2 billion, but the company posted a net loss of $1.2 million, compared with net income of $1.3 million in 2024, and it expects first-quarter 2026 adjusted EBITDA to be higher than the fourth quarter.
Q4 2025 net sales of $267.3 million fell 13% from $305.9 million in Q3 2025 and rose 11% from $240.5 million in Q4 2024.
Q4 2025 net loss was $14.3 million, or $0.34 per diluted share, versus a net loss of $21.4 million, or $0.50 per share, in Q4 2024; adjusted net loss was $7.7 million, or $0.18 per share.
Full-year 2025 net loss was $1.2 million, or $0.03 per diluted share, versus net income of $1.3 million in 2024.
The company expects first-quarter 2026 shipments to increase approximately 10% from the fourth quarter and first-quarter adjusted EBITDA to be higher than Q4 2025.
Live Nation reported full-year 2025 revenue of $25.2 billion, up 9%, and operating income of $1.3 billion, up 52%, with adjusted operating income (AOI) up 10% to $2.4 billion. Net income attributable to common stockholders fell to $496 million from $896 million in 2024, as income tax expense moved to $340 million from a benefit of $392 million the year before. Management said it expects another year of double-digit operating income and AOI growth in 2026.
Full-year 2025 revenue of $25.2 billion, up 9%; AOI of $2.4 billion, up 10%
Operating income of $1.3 billion, up 52% from 2024
Net income attributable to common stockholders of $496 million, versus $896 million in 2024
Management expects double-digit AOI growth for full-year 2026; 2026 capital expenditures expected at $1.1 to $1.2 billion
Amgen issued and sold $4.0 billion of senior unsecured notes in four tranches on February 17, 2026, under an effective Form S-3 shelf registration. Net proceeds were approximately $3.96 billion after underwriters' discounts and offering expenses, and the notes carry fixed rates from 4.200% to 5.650%. The filing describes new debt obligations rather than a change in operations or earnings.
Four tranches: $1.0 billion of 4.200% notes due 2031, $1.75 billion of 4.850% notes due 2036, $500 million of 5.500% notes due 2046, and $750 million of 5.650% notes due 2056
Net proceeds to the company of approximately $3,961,495,000
Interest is paid semi-annually on February 19 and August 19, starting August 19, 2026
Holders may require repurchase at 101% of principal plus accrued interest upon a change in control triggering event
World Kinect reported a fourth-quarter 2025 GAAP net loss of $280 million, or $5.11 per diluted share, after $247 million of impairments and $77 million of restructuring and exit costs, with revenue down 7% from a year earlier. For the full year, GAAP net loss was $614 million, or $10.99 per share, and adjusted EPS fell 12% to $1.91, while the company guided to 2026 adjusted EPS of $2.20 to $2.40.
Q4 2025 revenue was $9.03 billion, down 7%, and adjusted diluted EPS was $0.30 versus $0.62 a year earlier.
Full-year 2025 revenue was $36.92 billion, down 12%, and adjusted diluted EPS was $1.91 versus $2.18.
Q4 included $247 million of non-cash impairments, of which $169 million was goodwill, mainly in the Land segment.
For full-year 2026, the company expects adjusted diluted EPS in the range of $2.20 to $2.40.
F&G Annuities & Life reported fourth quarter 2025 net earnings attributable to common shareholders of $124 million, or $0.92 per diluted share, down from $323 million, or $2.50, a year earlier, while total revenues rose to $1.77 billion from $1.56 billion. Assets under management before flow reinsurance reached a record $73.1 billion, up 12%, but the company said it expects to close the sale of its Bermuda subsidiary in the first quarter of 2026, and lower profit is the main concern for shareholders.
Q4 2025 adjusted net earnings were $123 million, or $0.91 per share, versus $143 million, or $1.12 per share, in Q4 2024
Full year 2025 net earnings were $248 million, or $1.88 per share, versus $622 million, or $4.88 per share, in 2024
Full year 2025 gross sales were $14.6 billion, below the $15.3 billion record set in 2024
F&G expects to close the sale of F&G Life Re Ltd to Ancient Financial Holdings LP on March 1, 2026
Performance Food Group's subsidiary sold $1.06 billion of 5.625% senior notes maturing March 1, 2034, and used the proceeds, plus revolver borrowings, to redeem its 5.500% senior notes due 2027. The deal refinances existing debt and adds new long-term borrowing with the same parent-level guarantees.
Issuer sold $1.06 billion aggregate principal of 5.625% Senior Notes due 2034, issued at par on February 19, 2026
Proceeds, with revolving credit facility borrowings, were used to redeem all outstanding 5.500% Senior Notes due 2027 at 100% of principal plus accrued interest
Notes are guaranteed by Parent and certain domestic subsidiaries, but not by the Company (PFGC)
Notes can be redeemed at par plus a make-whole premium before March 1, 2029
Park Hotels & Resorts reported a fourth-quarter 2025 net loss of $204 million, or $(1.04) per diluted share, compared with net income of $73 million a year earlier, after $248 million of impairment expense mainly tied to Non-Core hotels. Adjusted EBITDA rose 10.1% to $152 million, and full-year 2025 Adjusted EBITDA fell 6.6% to $609 million. The company also gave a 2026 outlook of $580 million to $610 million in Adjusted EBITDA and named CFO Sean M. Dell'Orto as Chief Operating Officer while keeping his CFO role.
Q4 2025 comparable RevPAR was $182.49, up 0.8% year over year; full-year comparable RevPAR was $185.00, down 2.0%
Full-year 2025 net loss was $(277) million, or $(1.43) per diluted share, including $318 million of impairment expense
2026 outlook: Adjusted EBITDA of $580 million to $610 million and diluted EPS of $0.31 to $0.46
Dell'Orto was appointed COO effective February 12, 2026, with base salary raised to $675,000; he remains EVP, CFO and Treasurer
American Homes 4 Rent (AMH) reported fourth-quarter 2025 results on February 19, 2026. Rents and other single-family property revenues rose 4.2% to $455.0 million, and Core FFO per share rose 4.1% to $0.47, while net income attributable to common shareholders was roughly flat at $123.8 million, or $0.33 per diluted share. The company also raised its quarterly dividend 10% to $0.33 per share and guided 2026 Core FFO per share to $1.89 to $1.95.
Q4 2025 rents and other single-family property revenues rose 4.2% year-over-year to $455.0 million.
Net income attributable to common shareholders was $123.8 million, or $0.33 per diluted share, versus $123.2 million, or $0.33, a year earlier.
Core FFO attributable to common share and unit holders rose 4.1% to $0.47 per share for Q4 2025.
2026 Core FFO guidance is $1.89 to $1.95 per share, versus $1.87 for 2025; the board authorized a new $500.0 million common share repurchase program in February 2026.
Copart reported fiscal second-quarter 2026 results for the three months ended January 31, 2026, with revenue of $1.1 billion, down 3.6% from a year earlier, and net income attributable to Copart of $350.7 million, down 9.5%. Diluted earnings per share were $0.36 compared with $0.40 last year. For the six months, net income rose 0.7% to $754.4 million, while revenue fell 1.4% and diluted EPS was flat at $0.77.
Quarterly revenue was $1.1 billion, down $41.6 million or 3.6%, and gross profit was $492.8 million, down 6.2%.
Quarterly net income attributable to Copart was $350.7 million, down 9.5%, and diluted EPS was $0.36 versus $0.40.
Six-month net income attributable to Copart rose $5.0 million, or 0.7%, to $754.4 million, while six-month diluted EPS was $0.77, unchanged.
The filing reports $218.2 million of common stock repurchases in the six months ended January 31, 2026.
Casella Waste Systems reported fourth-quarter 2025 revenue of $469.1 million, up 9.7%, but a net loss of $2.5 million, compared with net income of $4.9 million a year earlier. For fiscal 2025, net income fell 41.9% to $7.9 million while Adjusted EBITDA rose 17.3% to $422.8 million, and the company issued fiscal 2026 guidance for revenue, net income, Adjusted EBITDA and cash flow.
Q4 2025 revenue was $469.1 million, up $41.6 million, or 9.7%, from Q4 2024; operating income fell 35.9% to $11.9 million.
Fiscal 2025 net income was $7.9 million, or $0.12 per diluted share, down 41.9%; Adjusted EBITDA was $422.8 million, up 17.3%.
Fiscal 2026 guidance: revenue of $1.970 billion to $1.990 billion, net income of $16 million to $22 million, and Adjusted EBITDA of $455 million to $465 million.
Conference call to discuss results is set for Friday, February 20, 2026, at 10:00 a.m. Eastern Time.
Akamai reported fourth-quarter and full-year 2025 results on February 19, 2026. Revenue rose 7% in the quarter and non-GAAP net income per diluted share rose 11%, but GAAP net income per diluted share fell 36% after a $55 million restructuring charge tied mainly to severance and intangible asset impairments. The company guided 2026 revenue to $4.400 billion to $4.550 billion, compared with $4.208 billion in 2025.
Q4 2025 revenue was $1.095 billion, up 7% year-over-year; Security revenue was $592 million, up 11%.
Q4 GAAP net income per diluted share was $0.58, down 36%; non-GAAP net income per diluted share was $1.84, up 11%.
The company recorded a $55 million restructuring charge in Q4 2025, primarily severance and intangible asset impairments.
2026 guidance: revenue of $4.400 billion to $4.550 billion and non-GAAP net income per diluted share of $6.20 to $7.20, versus $7.12 in 2025.
Harmonic reported preliminary unaudited results for the fourth quarter and fiscal 2025. Broadband revenue fell sharply from a year earlier, but backlog and deferred revenue rose 73%, and the company guided 2026 Broadband GAAP net revenue to $440 million to $480 million, compared with $360.5 million in fiscal 2025. Results also include a $57.5 million goodwill impairment on the Video business, which is being sold to Leone Media Inc. for $145 million in cash.
Q4 2025 Broadband net revenue was $98.2 million, down from $171.0 million in Q4 2024; fiscal 2025 revenue was $360.5 million versus $488.2 million.
Total company GAAP loss per share was $(0.49) for Q4 and $(0.38) for fiscal 2025, including a $57.5 million goodwill impairment on the Video business.
Backlog and deferred revenue rose 73% to $573.8 million; Q1 2026 GAAP Broadband net revenue guidance is $100 million to $105 million.
The $145 million Video business sale is expected to close in the first half of 2026, subject to closing conditions.
At its February 19, 2026 annual meeting, Matthews International shareholders re-elected four directors, approved amendments to the company's articles of incorporation, and approved a director fee plan that raises the authorized shares to 550,000 after adding 250,000. The amended articles took effect on filing that day, and the board will be declassified over three years, with no classes beginning at the 2028 annual meeting. The board also selected J. Michael Nauman as chairman, replacing Alvaro Garcia-Tunon.
About 85.2% of the 31,126,081 eligible shares were represented, which met the quorum requirement.
The board will no longer be divided into classes beginning at the 2028 annual meeting, and the articles adopt a majority of votes cast standard in uncontested director elections.
J. Michael Nauman replaced Alvaro Garcia-Tunon as Chairman of the Board.
The Second Amended and Restated 2019 Director Fee Plan authorizes 550,000 shares in total after 250,000 additional shares were approved.
PTC Therapeutics reported fourth-quarter 2025 total revenue of $164.7 million, down from $213.2 million a year earlier, and a net loss of $135.0 million, wider than the $65.9 million loss in the prior-year quarter. For the full year, total revenue rose to $1,730.7 million and net income was $682.6 million, but both figures were lifted by a $998.4 million Novartis votoplam collaboration and license revenue item. The company also issued 2026 total product revenue guidance of $700 million to $800 million.
Q4 2025 total revenue was $164.7 million versus $213.2 million in Q4 2024; Q4 net loss was $135.0 million versus $65.9 million.
Q4 results include a $98.6 million change in the Translarna France sales allowance estimate, a life-to-date adjustment.
Full-year 2025 net income was $682.6 million, or $7.78 per diluted share, versus a net loss of $363.3 million in 2024.
2026 guidance: total product revenue of $700 million to $800 million, with the majority expected from Sephience.
Floor & Decor reported fourth-quarter fiscal 2025 net sales of $1,129.7 million, up 2.0%, but comparable store sales fell 4.8% and diluted EPS dropped 18.2% to $0.36. For the full year, net sales rose 5.1% to $4,684.1 million and diluted EPS edged up 1.1% to $1.92. The company also guided fiscal 2026 diluted EPS to $1.98 to $2.18, including a 53rd week.
Q4 net income of $39.3 million fell 17.2% from $47.5 million; operating income of $51.9 million fell 12.3%
Q4 comparable store sales decreased 4.8%; the company opened eight new warehouse stores in the quarter
Full-year fiscal 2025 diluted EPS of $1.92 compared with $1.90 in fiscal 2024
Fiscal 2026 guidance: net sales of approximately $4,880 million to $5,030 million and comparable store sales of approximately (2.0)% to 1.0%
Dropbox reported fourth-quarter and fiscal 2025 results. Q4 revenue was $636.2 million, down 1.1% year-over-year, and the company said it exceeded the high end of its revenue and operating margin guidance for the quarter. GAAP diluted EPS rose to $0.43 from $0.34, while non-GAAP diluted EPS fell to $0.68 from $0.73.
Q4 2025 revenue was $636.2 million, down 1.1%; excluding FormSwift, revenue grew 0.4%.
GAAP operating margin was 25.5%, up from 13.7%; non-GAAP operating margin was 38.2%, up from 36.9%.
Non-GAAP net income was $173.9 million, down from $222.6 million, mainly due to a higher tax provision and interest expense on the term loan.
Fiscal 2025 revenue was $2.521 billion, down 1.1%; the company repurchased about 60.4 million shares for $1.7 billion during the year.
W. P. Carey Inc. closed an underwritten public offering of 6,000,000 shares of common stock on February 19, 2026, with gross proceeds of $432 million. The shares were offered in connection with forward sale agreements, under which the company expects to physically settle and receive proceeds within approximately 24 months, and it intends to use the net proceeds for potential future investments, debt repayment including its unsecured revolving credit facility, and general corporate purposes.
6,000,000 shares offered at $71.38 per share to the underwriters; gross proceeds of $432 million
Underwriters have a 30-day option to buy up to an additional 900,000 shares
Forward sale agreements with Bank of America, N.A. and JPMorgan Chase Bank, National Association; physical settlement expected within approximately 24 months
Offering closed February 19, 2026; net proceeds to fund future investments, repay debt including the unsecured revolving credit facility, and for general corporate purposes
Employers Holdings, Inc. (NYSE: EIG) reported a fourth-quarter 2025 net loss of $23.4 million, or $1.06 per diluted share, compared with net income of $28.3 million a year earlier. For full-year 2025, net income fell to $10.8 million, or $0.46 per diluted share, from $118.6 million, and the GAAP combined ratio rose to 110.9% from 97.9%. The company also declared a $0.32 quarterly dividend and completed a $125 million share repurchase plan.
Q4 2025 net loss of $(23.4) million ($(1.06) per diluted share), versus net income of $28.3 million ($1.14 per diluted share) in Q4 2024
Full-year 2025 net income of $10.8 million ($0.46 per diluted share), versus $118.6 million ($4.71 per diluted share) in 2024
Q4 net realized and unrealized investment losses of $49.7 million, which the company says resulted from a fourth-quarter investment rebalancing
Board declared a first-quarter 2026 dividend of $0.32 per share, payable March 18, 2026, to holders of record as of March 4, 2026
Onto Innovation reported fourth-quarter 2025 revenue of $266.9 million, up 1.1% year over year, and full-year revenue of $1.005 billion, up 1.8%. Profit fell sharply: fourth-quarter GAAP diluted EPS was $0.21 versus $0.98 a year earlier, and full-year GAAP diluted EPS was $2.78 versus $4.06. The company guided first-quarter 2026 revenue to $275 million to $285 million.
Q4 2025 revenue $266.9 million, up 1.1% from $263.9 million; GAAP operating margin 5.2% versus 16.1%
Q4 2025 GAAP diluted EPS $0.21 versus $0.98; non-GAAP diluted EPS $1.26 versus $1.51
Full-year 2025 revenue $1.005 billion; a volume purchase agreement estimated at over $240 million was closed with an HBM manufacturer
Q1 2026 guidance: revenue $275 million to $285 million; GAAP diluted EPS $0.74 to $0.84; non-GAAP diluted EPS $1.26 to $1.36
Sensata Technologies reported fourth-quarter revenue of $917.9 million, up 1.1% from a year earlier, and full-year 2025 revenue of $3,704.5 million, down 5.8%. Full-year GAAP earnings per share fell to $0.21 from $0.85 after a $225.7 million goodwill impairment charge, while adjusted EPS was $3.42, down 0.6%; the company also guided first-quarter 2026 adjusted EPS to $0.81 to $0.85 versus $0.78 a year earlier.
Q4 2025 revenue $917.9 million, up from $907.7 million; diluted EPS $0.43 versus $0.04, and adjusted EPS $0.88, up 18.9%
Full-year 2025 revenue $3,704.5 million, down 5.8%; GAAP EPS $0.21 versus $0.85, including a $225.7 million non-cash goodwill impairment tied to Dynapower
Q1 2026 guidance: revenue $917 million to $937 million and adjusted EPS $0.81 to $0.85, compared with $911 million and $0.78 in Q1 2025
Full-year 2025 free cash flow $490.2 million; quarterly dividend of $0.12 per share paid November 26, 2025
CarGurus reported fourth-quarter and full-year 2025 results on February 19, 2026. Full-year revenue from continuing operations grew 14% to $907.0 million, and GAAP net income from continuing operations rose 53% to $196.7 million. The company also set 2026 guidance and announced a new $250.0 million share repurchase program.
Full-year 2025 revenue of $907.0 million, up 14%; GAAP net income from continuing operations of $196.7 million, up 53%
Fourth-quarter 2025 revenue of $241.1 million, up 15%; GAAP net income from continuing operations of $53.7 million, up 12%
2026 guidance: full-year revenue growth of 10% to 13%; first-quarter revenue of $240.5 million to $245.5 million
New $250.0 million share repurchase program for 2026, after about $350 million of shares repurchased in 2025
ICU Medical reported fourth quarter 2025 revenue of $540.7 million, down from $629.8 million a year earlier, and a GAAP net loss of $15.7 million, smaller than the prior-year loss of $23.8 million. Adjusted diluted EPS fell to $1.91 from $2.11, and adjusted EBITDA fell to $98.2 million from $105.5 million. The company also issued fiscal 2026 guidance of GAAP net income of $26 million to $44 million and adjusted EPS of $7.75 to $8.45.
Q4 2025 revenue was $540.7 million versus $629.8 million in Q4 2024; Vital Care fell $110.3 million after the IV Solutions business was disposed of on May 1, 2025
GAAP net loss was $(15.7) million, or $(0.64) per diluted share, versus $(23.8) million, or $(0.97), a year earlier
Adjusted diluted EPS was $1.91 versus $2.11; adjusted EBITDA was $98.2 million versus $105.5 million
Fiscal 2026 guidance: GAAP net income of $26 million to $44 million; adjusted EBITDA of $400 million to $430 million; adjusted EPS of $7.75 to $8.45
Universal Display reported fourth quarter 2025 revenue of $172.9 million, up from $162.3 million a year earlier, and net income of $66.3 million, or $1.39 per diluted share, versus $0.96 in the prior-year quarter. For full year 2025, revenue was $650.6 million and diluted EPS was $5.08, while the company guided 2026 revenue to $650 million to $700 million, with its results still subject to many variables.
Q4 2025 total revenue $172.9 million vs. $162.3 million in Q4 2024; net income $66.3 million vs. $46.0 million
Full year 2025 revenue $650.6 million vs. $647.7 million in 2024; diluted EPS $5.08 vs. $4.65
2026 revenue guidance: $650 million to $700 million
First quarter 2026 cash dividend of $0.50 per share, payable March 31, 2026 to holders of record on March 17, 2026
Five9 reported fourth-quarter and full-year 2025 results on February 19, 2026, with full-year revenue of $1,149.1 million, up 10%, and GAAP net income of $39.4 million, compared with a net loss of $12.8 million in 2024. The company also guided to full-year 2026 revenue of $1.247 billion to $1.261 billion and first-quarter 2026 revenue of $296.5 million to $302.5 million, which gives shareholders a company-issued outlook for the year ahead.
Q4 2025 revenue rose 8% to $300.3 million; GAAP diluted EPS was $0.23 versus $0.13, and non-GAAP diluted EPS was $0.80 versus $0.79.
Full-year 2025 GAAP diluted EPS was $0.45, compared with a loss of $0.17 per share in 2024; non-GAAP diluted EPS was $2.96 versus $2.47.
2026 guidance: full-year revenue of $1.247 billion to $1.261 billion and non-GAAP EPS of $3.15 to $3.21; Q1 2026 revenue of $296.5 million to $302.5 million.
The 2026 Annual Meeting of Stockholders will be held virtually on May 20, 2026, with a record date of March 24, 2026.
Tandem Diabetes reported fourth-quarter and full-year 2025 results on February 19, 2026, and gave 2026 guidance. Worldwide sales rose 3% in the quarter to $290.4 million and 8% for the year to $1.015 billion, but the full-year GAAP net loss grew to $204.7 million from $96.0 million, including a $75.2 million acquired in-process research and development charge. The company expects 2026 sales of $1.065 billion to $1.085 billion, which would be above 2025 sales.
Q4 2025 GAAP operating income was $8.3 million, compared with an operating loss of $0.6 million a year earlier; Q4 net loss was $0.6 million versus net income of $0.8 million.
Full-year 2025 GAAP net loss was $204.7 million, or $3.04 per share, compared with $96.0 million, or $1.47 per share, in 2024.
2026 guidance: sales of $1.065 billion to $1.085 billion, gross margin of 56% to 57%, and adjusted EBITDA margin of 5% to 6%.
The company is moving to a pay-as-you-go model in the U.S. pharmacy channel, which the filing says creates a $70 million to $80 million headwind in 2026.
Alarm.com reported fourth quarter 2025 total revenue of $261.7 million, up 8.0%, and GAAP net income attributable to common stockholders of $0.66 per diluted share, up from $0.56 a year earlier. For full year 2026, the company guided to total revenue of $1.0580 billion to $1.0650 billion, compared with $1.0112 billion in 2025, and non-GAAP adjusted net income of $2.78 to $2.79 per diluted share. Cash flow from operations fell to $153.3 million in 2025 from $206.4 million in 2024.
Q4 2025 total revenue $261.7 million, up 8.0% from $242.2 million; SaaS and license revenue $180.2 million, up 8.8%
Q4 2025 GAAP net income attributable to common stockholders $34.7 million, or $0.66 per diluted share, versus $0.56 a year earlier
FY2026 guidance: total revenue $1.0580 billion to $1.0650 billion; non-GAAP adjusted EBITDA $213.0 million to $215.0 million
2025 cash flow from operations $153.3 million, down from $206.4 million in 2024; cash and equivalents $960.6 million at December 31, 2025
Middlesex Water reported 2025 net income of $42.8 million, down $1.5 million from 2024, and diluted EPS of $2.36 versus $2.47, while operating revenues rose about $2.8 million to $194.7 million. The New Jersey Board of Public Utilities approved a base rate increase of $14.5 million, which the company says supports its infrastructure investment plans, but the profit decline means shareholders see weaker earnings on the year.
2025 diluted EPS was $2.36, versus $2.47 in 2024; net income was $42.8 million, down $1.5 million.
Q4 2025 diluted EPS was $0.46, versus $0.49 in Q4 2024; Q4 net income was $8.6 million, versus $8.8 million.
NJBPU approved a $14.5 million annual revenue increase, with new rates effective February 23, 2026.
The company plans about $126 million of infrastructure investment in 2026 and $506 million from 2026 through 2028.
WillScot reported fourth-quarter 2025 revenue of $566 million, down from $603 million a year earlier, and a net loss of $187 million, driven mainly by a $302 million non-cash restructuring charge tied to its Network Optimization Plan. The company also gave 2026 guidance of approximately $2.175 billion in revenue and $900 million in Adjusted EBITDA, compared with $2.28 billion and $971 million for full-year 2025.
Q4 2025 diluted EPS was $(1.03) versus $0.48 a year earlier; Adjusted Diluted EPS was $0.29 versus $0.49.
The $302 million restructuring charge reflects accelerated depreciation on rental equipment identified for abandonment; the Board approved the plan on December 18, 2025.
The plan is expected to reduce annual real estate cost increases by approximately $25 million to $30 million over the next four years.
Full-year 2025 net loss was $53 million, and the company paid down $146 million of debt.
Newmont reported fourth-quarter 2025 adjusted net income of $2.8 billion, or $2.52 per diluted share, up from $1.9 billion, or $1.71, in the prior quarter, while GAAP net income fell to $1,301 million after a $779 million impairment and higher taxes. For 2026, it expects attributable gold production of about 5.3 million ounces and gold by-product all-in sustaining costs of $1,680 per ounce, compared with 5.9 million ounces and $1,358 per ounce in 2025, so output is guided lower and unit costs higher.
Q4 2025 net income attributable to stockholders was $1,301 million ($1.19 per diluted share), down $531 million from Q3, including a $779 million impairment tied to the Yanacocha Sulfides project deferral.
Full-year 2025 adjusted net income was $7.6 billion ($6.89 per diluted share), and free cash flow was $7.3 billion.
2026 guidance: attributable gold production of about 5.3 million ounces and gold by-product AISC of $1,680 per ounce.
Board declared a $0.26 per share dividend for Q4 2025, payable March 26, 2026; 2026 sustaining capital is about $1.95 billion and development capital about $1.4 billion.
Sprouts Farmers Market said Scott Neal, its chief merchandising officer, is retiring effective immediately, and Don Clark has been appointed to succeed him in the role. The company also created a new chief customer officer position, filled by Amanda Rassi, which reflects a change in how the company organizes its leadership team.
J. Scott Neal advised the company on February 16, 2026 of his intent to retire, effective immediately, and will advise through March 2026
Don Clark was appointed chief merchandising officer on February 16, 2026, with over 25 years of CPG and retail merchandising experience
Clark will report to Nick Konat, president and chief operating officer, and oversee perishable, non-perishable and merchandise operations
Amanda Rassi was appointed to the new chief customer officer role, also reporting to Konat, overseeing marketing, loyalty, eCommerce and consumer insights
Texas Roadhouse reported fourth-quarter 2025 total revenue of $1.48 billion, up 3.1%, but diluted earnings per share fell 26.1% to $1.28 as restaurant margin dropped on commodity inflation and the lapping of an extra week in the prior year. For fiscal 2025, revenue rose 9.4% to $5.88 billion while diluted EPS fell 5.8% to $6.10. The board also increased the quarterly dividend to $0.75 per share, and management said comparable restaurant sales rose 8.2% in the first seven weeks of 2026.
Q4 2025 total revenue $1.48 billion, up 3.1%; diluted EPS $1.28 vs. $1.73 a year earlier, down 26.1%
Fiscal 2025 diluted EPS $6.10 vs. $6.47, down 5.8%; fiscal revenue $5.88 billion, up 9.4%
Q4 restaurant margin 13.9% of sales vs. 17.0%; commodity inflation of 9.5% cited
Quarterly dividend of $0.75 per share payable March 31, 2026, to holders of record March 17, 2026
LegalZoom reported full-year 2025 revenue of $756.0 million, up 11%, and 2026 revenue guidance of $805 million to $825 million, about 8% growth at the midpoint. Net income fell 49% to $15.4 million, and the Board approved a $100 million increase to the stock repurchase program. Shareholders get a mix of top-line growth and guidance alongside lower reported profit and a larger buyback authorization.
Full-year 2025 revenue was $756.0 million, up 11%; net income was $15.4 million, down from $30.0 million in 2024.
Q4 2025 revenue was $190.3 million, up 18%; Q4 net income was $6.1 million, compared with $12.9 million a year earlier.
2026 guidance: revenue of $805 million to $825 million and Adjusted EBITDA of $190 million to $200 million.
The Board approved a $100 million increase to the stock repurchase program, which has no fixed expiration date.
Sprouts Farmers Market reported fourth-quarter and full-year 2025 results, with net sales and diluted earnings per share both higher than in 2024. For 2026, the company projects full-year diluted EPS of $5.28 to $5.44, close to the $5.31 it earned in 2025, and comparable store sales of -1% to 1%, with the first quarter expected to be weaker.
Q4 2025 net sales were $2.1 billion, up 8%, and diluted EPS was $0.92 versus $0.79 a year earlier
Full-year 2025 net sales were $8.8 billion, up 14%, and diluted EPS was $5.31 versus $3.75 in 2024
2026 outlook: full-year diluted EPS of $5.28 to $5.44 and comparable store sales growth of -1% to 1%; first-quarter comparable store sales of -3% to -1% and EPS of $1.66 to $1.70
Fiscal 2026 includes a 53rd week, which the company estimates adds about $0.21 to diluted EPS
First Solar entered a five-year, $1.5 billion senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent, dated February 13, 2026. The company voluntarily terminated its existing senior secured revolver dated June 30, 2023 at the same time, and the collateral securing that prior facility was released. The new facility's terms, including covenants capping net leverage at 3.50 to 1.00 and requiring interest coverage of at least 3.00 to 1.00, will govern the company's borrowing capacity going forward.
Facility size: $1.5 billion aggregate principal, with a $450 million sub-limit for letters of credit
Pricing before an investment grade ratings trigger: Term SOFR plus 1.000% to 1.500% based on net leverage
Covenants: net leverage not to exceed 3.50 to 1.00; interest coverage of at least 3.00 to 1.00
Existing senior secured revolving credit agreement dated June 30, 2023 terminated; collateral released
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