1,796 material Form 8-K filings that 1,448 companies we cover made with the SEC in May 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).
Black Stone Minerals reported first quarter 2026 results on May 4, 2026. Net income fell to $13.3 million from $15.9 million a year earlier, weighed down by a $64.6 million loss on commodity derivatives, even though production and oil and gas revenue rose. The partnership also declared a $0.30 per unit distribution for the quarter, with distribution coverage of 1.20x.
Net income was $13.3 million versus $15.9 million in Q1 2025; the derivative loss included a $52.3 million unrealized loss.
Production averaged 37.0 MBoe/d versus 35.5 MBoe/d a year earlier; oil and gas revenue was $117.5 million versus $108.3 million.
Adjusted EBITDA was $87.0 million, essentially flat year over year; distributable cash flow was $76.5 million versus $78.5 million.
Distribution of $0.30 per unit is payable May 15, 2026 to unitholders of record on May 8, 2026.
Powell Industries reported fiscal second-quarter 2026 revenue of $296.6 million, up 6% from a year earlier, while net income of $45.9 million, or $1.25 per diluted share, fell 1%, as higher SG&A and R&D expenses offset higher revenue. New orders rose 97% to $490 million and backlog reached $1.8 billion, but the company's outlook did not include a numeric revenue or earnings target, and management said it expects margins to stay consistent with the prior year.
Revenue of $296.6 million, up 6% from $278.6 million; gross margin 29.6% of revenue
Net income of $45.9 million, or $1.25 per diluted share, down 1% from $46.3 million, or $1.27 per diluted share, after adjusting for the three-for-one stock split
New orders of $490 million, up 97%; backlog of $1.8 billion as of March 31, 2026, up 33%
Subsequent to quarter end, Powell was awarded a data center order with a value exceeding $400 million
Tennant reported first-quarter 2026 net sales of $297.9 million, up 2.7% from a year earlier, but net income fell to $0.2 million from $13.1 million and adjusted diluted EPS fell to $0.58 from $1.12. The company reaffirmed its full-year 2026 guidance, which includes net sales of $1,240 million to $1,280 million and adjusted diluted EPS of $4.70 to $5.30, while lower margins tied to ERP recovery weighed on profit.
Net sales were $297.9 million, up 2.7%, while organic sales declined 1.9%.
Net income was $0.2 million, or $0.01 per diluted share, versus $13.1 million, or $0.69, a year earlier.
Adjusted EBITDA was $29.1 million, with a 9.8% margin, versus $41.0 million and 14.1% a year earlier.
Full-year 2026 guidance was reaffirmed, including adjusted diluted EPS of $4.70 to $5.30.
Atlas Energy Solutions reported first quarter 2026 results, with revenue of $265.5 million, up 6.5% from the fourth quarter of 2025 but down from $297.6 million a year earlier. The company posted a net loss of $47.3 million and Adjusted EBITDA of $28.4 million, which fell from $74.3 million a year earlier, and it guided to second quarter Adjusted EBITDA of approximately $50 million, the company said.
Q1 2026 revenue was $265.5 million, up $16.1 million from Q4 2025 and down from $297.6 million in Q1 2025.
Net loss was $47.3 million, compared with a net loss of $22.2 million in Q4 2025 and net income of $1.2 million in Q1 2025.
Adjusted EBITDA was $28.4 million, within the previously announced range of $26 million to $30 million.
The company expects second quarter 2026 Adjusted EBITDA of approximately $50 million and signed a 1.4 GW Global Framework Agreement with Caterpillar Inc.
Allison Transmission reported first quarter 2026 net sales of $1,406 million, up from $766 million a year earlier, after adding the Allison Off-Highway business acquired on January 1, 2026. Net income fell to $112 million from $192 million, mainly due to acquisition costs, while adjusted diluted EPS rose 6% to $2.57. The company reaffirmed its full-year 2026 guidance, which includes net income of $600 million to $750 million.
Net sales were $1,406 million, including $673 million from the Allison Off-Highway business unit.
Net income was $112 million versus $192 million; diluted EPS was $1.33 versus $2.23 a year earlier.
Adjusted diluted EPS was $2.57, up from $2.43, excluding acquisition-related and other items.
Full-year 2026 guidance was reaffirmed, with consolidated net income of $600 million to $750 million and adjusted EBITDA of $1,365 million to $1,515 million.
CubeSmart filed a slide presentation with its May 2026 investor deck, which summarizes first-quarter 2026 results and reaffirms its full-year 2026 outlook from its April 30, 2026 earnings release. Same-store revenue grew 0.6%, but same-store expenses rose 5.8% and same-store net operating income fell 1.5%, while FFO, as adjusted, was $0.63 per share. The filing does not give prior-period comparisons for these figures.
Q1 2026 same-store revenue grew 0.6%, same-store expenses rose 5.8%, and same-store NOI fell 1.5%.
Q1 2026 FFO, as adjusted, was $0.63 per share.
Full-year 2026 outlook, last updated April 30, 2026: FFO, as adjusted, of $2.52 to $2.60 per share and same-store NOI growth of (1.75%) to 0.25%.
During the quarter, CubeSmart repurchased 0.9 million common shares for $33.4 million at an average of $36.64 per share.
Alamo Group reported first quarter 2026 net sales of $417.1 million, up 6.7% from the prior-year quarter, while net income fell to $29.2 million and diluted EPS fell to $2.41 from $2.64. Operating cash flow was negative $23.5 million for the quarter, and the company said it closed the Petersen acquisition, so shareholders face higher sales alongside lower profit and a cash outflow.
Net sales were $417.1 million, up 6.7% from $391.0 million in Q1 2025
Diluted EPS was $2.41 versus $2.64; adjusted diluted EPS was $2.56 versus $2.70
Adjusted EBITDA was $59.3 million, or 14.2% of net sales, up from $58.3 million in Q1 2025
Operating cash flow was negative $23.5 million; debt net of cash was $95.2 million at March 31, 2026
Innovex reported first-quarter 2026 revenue of $239.0 million, down 13% from the prior quarter and 1% from a year earlier, and a GAAP net loss of $16.7 million, compared with net income of $14.8 million a year earlier. The loss reflects a $48.8 million provision for a legal settlement tied to the Impulse Litigation, while non-GAAP Adjusted EBITDA rose to $49.3 million, and the company guided second-quarter 2026 Adjusted EBITDA to $43 million to $48 million.
Revenue of $239.0 million, down from $273.6 million in the fourth quarter of 2025 and $240.4 million in the first quarter of 2025
Net loss of $16.7 million, or $0.24 per share, including a $48.8 million provision for legal settlement, versus net income of $14.8 million, or $0.21 per share, a year earlier
Adjusted EBITDA (non-GAAP) of $49.3 million with a 21% margin, compared with $45.9 million and 19% a year earlier
Second-quarter 2026 guidance: revenue of $235 million to $245 million and Adjusted EBITDA of $43 million to $48 million
Corebridge Financial reported a first-quarter 2026 net loss of $53 million, or $0.11 per share, down from a $664 million loss a year earlier, mainly due to realized gains on Fortitude Re funds withheld derivatives. Adjusted pre-tax operating income fell 11% to $629 million and premiums and deposits fell 10% to $8.0 billion, while the company returned $1.4 billion to shareholders, including $1.3 billion of share repurchases. The company also said its merger with Equitable is progressing and it declared a $0.25 quarterly dividend.
Net loss of $53 million ($0.11 per share) versus a loss of $664 million ($1.19 per share) in Q1 2025
Operating EPS of $1.05, up from $1.02; adjusted pre-tax operating income of $629 million, down 11%
Premiums and deposits of $8.0 billion, down 10% from the prior year quarter
Returned $1.4 billion to shareholders in the quarter; dividend of $0.25 per share payable June 30, 2026
Crescent Energy reported a first-quarter 2026 net loss of $419 million, compared with a net loss of $2 million a year earlier, after a $707 million loss on derivatives. Revenue rose to $1.18 billion from $950 million, and adjusted net income was $175 million, or $0.53 per share, versus $0.57 a year earlier. The results combine higher sales and record output with a much larger GAAP loss.
GAAP net loss of $1.28 per diluted Class A share, versus a loss of $0.01 per share in Q1 2025
Record production of 341 MBoe/d, up from 258 MBoe/d a year earlier
Adjusted EBITDAX of $690 million and levered free cash flow of $192 million
Board approved a $0.12 per share dividend, payable June 1, 2026, to holders of record on May 18, 2026; about $336 million remains under the share repurchase program
ONE Gas reported first quarter 2026 net income of $128.7 million, or $2.04 per diluted share, up from $119.4 million, or $1.98, a year earlier, while total revenues fell to $831.7 million from $935.2 million. The company affirmed its 2026 financial guidance and declared a quarterly dividend of $0.68 per share. For shareholders, profit rose despite lower sales, and the full-year outlook was unchanged.
Q1 2026 net income was $128.7 million, or $2.04 per diluted share, versus $119.4 million, or $1.98, in Q1 2025
Total revenues were $831.7 million versus $935.2 million; weather was 20.5 percent warmer than normal
2026 net income guidance of $294 million to $302 million was affirmed; quarterly dividend is $0.68 per share, payable June 2, 2026
RCM Technologies dismissed EisnerAmper LLP as its independent auditor on April 29, 2026, and engaged WithumSmith+Brown, PC the same day for the fiscal year ending January 2, 2027. EisnerAmper's report on the fiscal year ended January 3, 2026 contained no adverse opinion or qualification, but it did communicate four material weaknesses in the company's internal controls, which shareholders should weigh alongside the auditor change.
EisnerAmper dismissed April 29, 2026; its fiscal 2025 report (year ended January 3, 2026) had no adverse opinion or qualification
Four material weaknesses cited, covering entity-level controls, management review documentation, risk assessment and monitoring, and timekeeping system controls
WithumSmith+Brown engaged April 29, 2026; it previously audited fiscal years 2022 through 2024
Audit Committee approved the change; no disagreements with EisnerAmper reported
Apple Hospitality REIT reported first quarter 2026 net income of $27.7 million, down 11.3% from $31.2 million a year earlier, while total revenue rose to $337.7 million from $327.7 million. The company raised the midpoints of its 2026 guidance, with net income up $9 million and Adjusted EBITDAre up $11 million, which matters to shareholders because it signals a stronger expected year despite lower quarterly profit.
Net income was $27.7 million, or $0.12 per share, versus $31.2 million, or $0.13 per share, in the first quarter of 2025.
Total revenue was $337.7 million versus $327.7 million; Comparable Hotels RevPAR rose 2.2% to $114.61.
Guidance midpoints were raised by $9 million for net income and $11 million for Adjusted EBITDAre; the 2026 net income range is $143 million to $169 million.
Preliminary April 2026 Comparable Hotels RevPAR rose more than 4%; the earnings call is set for 10 a.m. Eastern Time on May 5, 2026.
onsemi reported first quarter 2026 revenue of $1,513.3 million, up 5% from a year earlier and down 1% from the prior quarter, with non-GAAP diluted earnings per share of $0.64. GAAP results were weaker, with a net loss attributable to the company of $33.4 million, or $0.08 per share, after $329.3 million in restructuring, asset impairments and other charges. The company also guided second quarter 2026 revenue to $1,535 million to $1,635 million.
Q1 2026 revenue of $1,513.3 million, up from $1,445.7 million a year earlier and down from $1,530.1 million in Q4 2025
GAAP net loss attributable to the company of $33.4 million, or $0.08 per share, versus net income of $181.8 million in Q4 2025
Non-GAAP diluted EPS of $0.64, compared with $0.55 in Q1 2025
Share repurchases of $345.7 million in the quarter; Q2 2026 non-GAAP diluted EPS outlook of $0.65 to $0.77
Matson reported first quarter 2026 net income of $56.6 million, or $1.85 per diluted share, down from $72.3 million, or $2.18 per diluted share, a year earlier. Revenue fell to $757.8 million from $782.0 million, but the company raised its full-year 2026 outlook, now expecting consolidated operating income to modestly exceed the 2025 level.
Q1 2026 net income $56.6 million, or $1.85 per diluted share, versus $72.3 million, or $2.18, in Q1 2025
Q1 2026 consolidated revenue $757.8 million versus $782.0 million in Q1 2025
Expects Q2 2026 consolidated operating income about $20 million higher than the $113.0 million achieved in Q2 2025
On April 23, 2026, Board added 3.0 million shares to the repurchase program and declared a $0.36 per share dividend payable June 4, 2026
GeneDx reported first-quarter 2026 revenue of $102.3 million, up 17% year over year, but lowered its full-year 2026 revenue guidance to $475 million to $490 million from $540 million to $555 million. The company also reported a GAAP net loss of $63.3 million, including a $31.3 million impairment loss, which matters to shareholders because the revenue outlook has been reset and the quarter swung from a year-earlier adjusted profit to an adjusted loss.
Q1 2026 revenue was $102.3 million, up 17% from $87.1 million a year earlier; exome and genome test revenue rose 27% to $90.6 million.
Full-year 2026 revenue guidance was updated to $475 million to $490 million, down from the previous $540 million to $555 million.
GAAP net loss was $63.3 million, or $2.16 per share, including a $31.3 million impairment loss; adjusted net loss was $8.2 million versus adjusted net income of $9.2 million in Q1 2025.
Cash, cash equivalents, marketable securities and restricted cash totaled $171.7 million as of March 31, 2026.
Pinterest reported first-quarter 2026 revenue of $1,008 million, up 18% year over year, with global monthly active users at a record 631 million. The company posted a GAAP net loss of $74 million, compared with net income of $8.9 million a year earlier, and guided second-quarter revenue to $1,133 million to $1,153 million. Chief Accounting Officer Andrea Acosta is leaving effective May 8, 2026, and CFO Julia Brau Donnelly will also serve as principal accounting officer.
Q1 2026 revenue was $1,008 million, up 18% year over year; up 15% on a constant currency basis
GAAP net loss was $74 million, including a $47.1 million restructuring charge; Adjusted EBITDA was $207 million, up 20%
Q2 2026 guidance: revenue of $1,133 million to $1,153 million (14% to 16% growth) and Adjusted EBITDA of $256 million to $276 million
Andrea Acosta resigned as Chief Accounting Officer effective May 8, 2026; the company said the departure was not due to any disagreement
BioMarin reported first-quarter 2026 total revenues of $766 million, up from $745 million a year earlier, while GAAP net income fell 43% to $106 million. The company raised its full-year 2026 revenue guidance to $3.825 billion to $3.925 billion, mainly reflecting the Amicus acquisition, but lowered its Non-GAAP diluted EPS guidance to $4.85 to $5.05.
Q1 2026 GAAP net income was $106 million versus $186 million in Q1 2025; GAAP diluted EPS was $0.54 versus $0.95.
Q1 2026 Non-GAAP diluted EPS was $0.76 versus $1.13 in the prior-year quarter.
Full-year 2026 total revenues guidance raised to $3.825 billion to $3.925 billion from $3.325 billion to $3.425 billion; Non-GAAP diluted EPS guidance lowered to $4.85 to $5.05 from $4.95 to $5.15.
A $31 million charge tied to an unsuccessful NAGLAZYME manufacturing process qualification campaign was recorded in cost of sales.
National Health Investors reported first quarter 2026 results, with diluted earnings per share up 10.8% to $0.82 and NAREIT FFO per diluted share up 7.9% to $1.23. The REIT also lowered its full-year 2026 NAREIT and Normalized FFO per diluted share guidance from $4.94-$4.99 to $4.74-$4.79, and the release says the updated range reflects assumptions including the timing of certain transactions.
Diluted EPS was $0.82 for the quarter ended March 31, 2026, versus $0.74 a year earlier, including $2.6 million of gains on property dispositions.
NAREIT FFO per diluted share was $1.23, versus $1.14 a year earlier; Normalized FAD rose 11.6% to $62.5 million.
2026 NAREIT FFO and Normalized FFO per diluted share guidance was cut to $4.74-$4.79 from $4.94-$4.99.
The pending sale of the NHC leased portfolio for $560.0 million in net cash consideration is expected to close on July 1, 2026.
ThredUp reported first-quarter 2026 revenue of $81.7 million, up 15% from a year earlier, and raised its full-year 2026 outlook for revenue, gross margin and Adjusted EBITDA margin. The net loss widened to $6.5 million from $5.2 million, and Adjusted EBITDA fell to $2.7 million from $3.8 million, so growth came with lower profitability.
Q1 2026 revenue of $81.7 million, up 15% year over year; gross margin 79.2% versus 79.1%
Net loss of $6.5 million, or 7.9% of revenue, versus $5.2 million a year earlier
Full-year 2026 revenue outlook of $351.2 million to $356.2 million, about 14% growth at the midpoint
Record Active Buyers of 1.71 million, up 25% year over year
Diamondback Energy reported first quarter 2026 net income attributable to the company of $25 million, or $0.08 per diluted share, down from $1.4 billion, or $4.83 per diluted share, a year earlier. The results include a $1.4 billion impairment of oil and natural gas properties, while total revenues rose to $4.24 billion from $4.05 billion, and the company raised its 2026 oil production guidance and base dividend.
Q1 2026 net income attributable to Diamondback was $25 million, or $0.08 per diluted share, versus $1,405 million, or $4.83 per share, in Q1 2025; adjusted net income was $1,198 million, or $4.23 per diluted share.
Impairment of oil and natural gas properties was $1,400 million in Q1 2026, compared with none a year earlier.
2026 oil production guidance raised to 520+ thousand barrels per day from 500 to 510; full-year cash capital expenditures raised to about $3.90 billion from about $3.75 billion.
Base cash dividend raised 5% to $1.10 per share, payable May 21, 2026; the company repurchased $548 million of stock in Q1 and has $2.1 billion remaining under its authorization as of May 1, 2026.
Gaia reported first quarter 2026 revenue of $24.3 million, up 2% from $23.8 million, while gross profit was flat at $20.9 million and the net loss widened to $1.3 million, or $(0.05) per share, from $1.0 million, or $(0.04) per share. Management said it is reducing reliance on lower-value third-party acquisition and tighter discounting, which it expects to moderate near-term revenue growth, and it is targeting a 20% reduction in churn and a 20-25% increase in ARPU for the fourth quarter of 2026 compared with the fourth quarter of 2025.
Revenue rose 2% to $24.3 million; the increase was primarily driven by increased ARPU, partly offset by the elimination of discounted pricing.
Net loss was $(1.3) million, or $(0.05) per share, versus $(1.0) million, or $(0.04) per share, in Q1 2025.
Operating cash flow was $1.5 million and free cash flow was $1.1 million, the ninth consecutive quarter of positive free cash flow.
For Q4 2026 versus Q4 2025, Gaia is targeting an approximate 20% reduction in churn and a 20-25% increase in ARPU.
IAC reported first-quarter 2026 results on May 4, 2026, with revenue down 12% to $422.9 million and an operating loss of $40.1 million, compared with operating income of $24.1 million a year earlier. The net loss attributable to shareholders narrowed to $71.9 million, or $0.94 per diluted share, from $216.8 million, or $2.64, with the filing tying the swing to a $34.0 million unrealized gain on its MGM Resorts stake versus a $324.3 million loss in Q1 2025. The company is also streamlining its structure around People Inc. and expects $40 million in annual run-rate operating expense savings, which shareholders should weigh against the weaker operating results.
Adjusted EBITDA was $2.7 million, down 93% from $36.4 million in Q1 2025; People Inc. Adjusted EBITDA was $43.5 million, down 46%.
Net loss attributable to IAC shareholders was $71.9 million, or $0.94 per diluted share, versus $216.8 million, or $2.64 per share, a year earlier.
Expected restructuring costs include $14 million in severance and related expenses, with $10 million recognized in Q1 2026, and $48 million in stock-based compensation expense.
Officers Christopher Halpin and Kendall Handler will depart in August; Neil Vogel is expected to become Chief Executive Officer after Q2 2026 earnings.
Paramount Skydance reported first-quarter 2026 revenue of $7.3 billion, up 2% from the predecessor company's Q1 2025, and net earnings of $168 million, up from $152 million. Diluted EPS fell to $0.15 from $0.22, and weighted average diluted shares rose to 1,118 million from 678 million. The company reaffirmed its full-year 2026 outlook of $30 billion in revenue and $3.8 billion in adjusted EBITDA.
Q1 operating income was $616 million (8% margin), including $103 million of transaction-related costs.
Net earnings were $168 million versus $152 million a year earlier; diluted EPS was $0.15 versus $0.22.
Q2 2026 outlook: revenue of $6.75 billion to $6.95 billion and adjusted EBITDA of $0.9 billion to $1.0 billion.
The pending Warner Bros. Discovery acquisition is targeted to close by the end of Q3 2026; WBD shareholders approved the merger agreement on April 23.
Inspire Medical Systems reported first-quarter 2026 revenue of $204.6 million, up 1.6% from a year earlier, but posted a net loss of $11.3 million, or $(0.39) per diluted share, compared with earnings of $0.10 per diluted share a year earlier. The company lowered its full-year 2026 revenue outlook to $825 million-$875 million, a decline of 4% to 10% from 2025, and said it expects coding and reimbursement uncertainty for Inspire V to persist through the rest of 2026.
Q1 2026 revenue rose 1.6% to $204.6 million; GAAP diluted EPS was $(0.39) versus $0.10 a year earlier.
Adjusted diluted EPS was $0.10; the company reported a $11.3 million net loss, which includes a $13.1 million tax impact of stock-based compensation.
2026 revenue guidance revised to $825 million-$875 million; diluted EPS guidance of $0.07-$0.62 and adjusted diluted EPS guidance of $0.75-$1.25.
Management expects to return to revenue growth in 2027; the earnings call is set for 5:00 p.m. Eastern Time on May 4, 2026.
Dorman Products reported first-quarter 2026 net sales of $528.8 million, up 4.2%, but diluted EPS fell 24% to $1.43 and adjusted diluted EPS fell 22% to $1.57, which the company attributed largely to higher costs from tariffs implemented in 2025. The company reaffirmed its full-year 2026 net sales and earnings guidance, which shareholders will weigh against the margin pressure seen in the quarter.
Net sales were $528.8 million, up 4.2% from $507.7 million in the first quarter of 2025.
Gross margin fell to 36.0% of net sales from 40.9% a year earlier; diluted EPS was $1.43 versus $1.87.
Full-year 2026 guidance reaffirmed: net sales up 7% to 9%, diluted EPS $7.57 to $7.97, adjusted diluted EPS $8.10 to $8.50.
The company repurchased $51 million of its shares at an average price of $118 and generated $43.8 million in operating cash flow; a conference call is set for May 5, 2026 at 8:00 a.m. Eastern time.
NAPCO reported fiscal third-quarter 2026 results for the period ended March 31, 2026. Revenue rose 11.8% to $49.2 million, but GAAP net loss was $0.4 million after a $16.0 million litigation settlement charge, while non-GAAP diluted earnings per share rose to $0.39 from $0.28. The Board also declared a quarterly dividend of $0.15 per share, payable July 3, 2026.
Q3 net revenue of $49.2 million, up 11.8% from $44.0 million a year earlier
GAAP net loss of $0.4 million, or $(0.01) per diluted share, versus net income of $10.1 million, or $0.28, in the prior-year quarter
Includes a $16.0 million litigation settlement charge; non-GAAP diluted EPS was $0.39 versus $0.28
Quarterly dividend of $0.15 per share, payable July 3, 2026, to holders of record on June 12, 2026
RLJ Lodging Trust reported first-quarter 2026 total revenue of $340.0 million, up 3.6% from a year earlier, and raised its full-year 2026 outlook. The company also posted a net loss of $0.3 million, compared with net income of $3.2 million in the first quarter of 2025, so GAAP results weakened even as operating measures improved.
Comparable RevPAR rose 4.8% to $148.55, and Adjusted FFO per diluted share rose 6.5% to $0.33 from $0.31.
Net loss attributable to common shareholders was $(0.05) per share, compared with $(0.02) a year earlier.
Full-year 2026 outlook now includes Adjusted FFO per diluted share of $1.29 to $1.45 and comparable RevPAR growth of 1.5% to 3.5%.
The Board approved a 2026 share repurchase program of up to $250.0 million, effective May 9, 2026.
Tyson Foods reported second-quarter fiscal 2026 results for the period ended March 28, 2026, with sales up 4.4% to $13.65 billion and GAAP diluted EPS of $0.73, compared with $0.02 a year earlier. Adjusted EPS fell 5% to $0.87, and adjusted operating income fell 3% to $497 million, so headline profit measures moved in different directions. The company also gave an updated fiscal 2026 outlook, including total adjusted operating income of $2.2 billion to $2.4 billion and sales growth of 2% to 4%.
Q2 sales of $13,653 million, up 4.4% from $13,074 million a year earlier; the prior-year quarter included $343 million of legal contingency accruals that reduced sales.
GAAP diluted EPS of $0.73 vs. $0.02 a year earlier; adjusted EPS of $0.87 vs. $0.92, down 5%.
Fiscal 2026 outlook: total adjusted operating income of $2.2 billion to $2.4 billion, sales up 2% to 4%, and free cash flow of $1.2 billion to $1.8 billion.
Cogent reported first-quarter 2026 service revenue of $239.2 million, down 0.6% from the fourth quarter of 2025 and down 3.2% from the first quarter of 2025, with a net loss of $39.5 million, or $0.83 per share. Adjusted EBITDA was $70.2 million, up 2.1% from a year earlier but down 8.5% from the prior quarter, and the board approved a $0.02 per share quarterly dividend.
Service revenue was $239.2 million, down 0.6% sequentially and 3.2% year over year; off-net revenue fell 17.0% year over year.
Net loss was $39.5 million, or $(0.83) per share, compared with a net loss of $30.8 million in Q4 2025 and $52.0 million in Q1 2025.
EBITDA, as adjusted for IP Transit Services Agreement payments, was $70.2 million with a 29.3% margin; wavelength revenue rose 90.8% year over year to $13.6 million.
Board approved a $0.02 per share dividend payable June 2, 2026, to shareholders of record on May 18, 2026.
CNS Pharmaceuticals agreed to sell 650,000 common shares and pre-funded warrants for 9,143,479 shares to institutional investors, with a closing expected May 5, 2026 and gross proceeds of approximately $22.5 million. The company plans to use the proceeds to acquire and advance new assets and for working capital, but the sale adds about 9.8 million shares that could dilute existing shareholders. The filing also reports a board resignation and the appointment of Michal Fisher as an independent director.
650,000 common shares sold at $2.30 per share; pre-funded warrants for 9,143,479 shares sold at $2.299 each
Expected closing on May 5, 2026; placement agent fee of 7.0% of gross proceeds
Company to file a resale registration statement within 15 days of closing and agreed to a 120-day limit on most new equity sales
Jerzy (George) Gumulka resigned from the Board; Michal Fisher appointed as an independent director
Norwegian Cruise Line Holdings reported first-quarter 2026 revenue up 10% to $2.3 billion, GAAP net income of $104.7 million versus a $40.3 million loss a year earlier, and Adjusted EBITDA up 18% to $533 million. The company lowered its full-year 2026 guidance, with Adjusted EPS now expected at $1.45 to $1.79, citing Middle East disruptions, higher fuel expense and softer bookings.
Q1 2026 total revenue $2.3 billion, up 10% from Q1 2025, with GAAP net income of $104.7 million versus a $(40.3) million loss in the prior year
Q1 2026 Adjusted EBITDA $533 million, up 18% from $453 million, and Adjusted EPS $0.23, exceeding company guidance of about $0.16
Full-year 2026 Adjusted EBITDA guidance $2.48 billion to $2.64 billion; Adjusted EPS guidance $1.45 to $1.79
As of March 31, 2026, total debt $15.2 billion, Net Leverage 5.3x and liquidity $1.6 billion
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.
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