Earnings Call Transcripts

Access detailed transcripts and key takeaways from company earnings calls

All Earnings Calls

IRS May 7, 2026

IRSA Q3 2026 Earnings Call - Record Dollar EBITDA Amidst Tenant Sales Pressure and Major Development Push

IRSA delivered a robust nine-month fiscal 2026 performance, posting a net gain of ARS 239.7 billion and driving rental adjusted EBITDA to a record $151 million in dollar terms. The company’s diversifi...

  • IRSA posted a nine-month fiscal 2026 net gain of ARS 239.7 billion, a substantial increase from ARS 46.5 billion in the prior year period.
  • Rental adjusted EBITDA reached a record $151 million in dollar terms, driven by real-dollar growth across all three core segments.
  • Shopping mall occupancy remained near 98%, with fixed revenue components now accounting for approximately 87% of total mall revenues.
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CRNC May 7, 2026

Cerence (CRNC) Q2 2026 Earnings Call - xUI Production Ramp and Raised Full-Year Guidance

Cerence delivered a strong Q2 2026 quarter, with revenue of $64.2 million and adjusted EBITDA of $7.2 million, both exceeding the high end of guidance. The company is successfully transitioning its co...

  • Revenue of $64.2 million and adjusted EBITDA of $7.2 million beat the high end of guidance, while free cash flow came in at $13.6 million.
  • Cerence raised full-year 2026 revenue guidance to $305-320 million and adjusted EBITDA to $60-70 million, with free cash flow guidance increasing by $10 million.
  • BYD has become the first OEM to ship vehicles with Cerence’s xUI platform, with additional programs from JLR, VW Group, Geely, and a major Japanese automaker expected to ramp through 2026.
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ATLC May 7, 2026

Atlanticus Holdings Q1 2026 Earnings Call - Mercury Integration Accelerates as Legacy Portfolios Surge 35%

Atlanticus Holdings delivered a standout first quarter of 2026, driven by a powerful combination of legacy portfolio expansion and the rapid integration of the Mercury Financial acquisition. Earnings ...

  • Earnings per share surged 50% year-over-year to $2.23, with net income reaching $41.9 million, reflecting strong execution and acquisition synergy realization.
  • Total operating revenue jumped 97% year-over-year to $680 million, with Mercury contributing $224 million and legacy portfolios showing robust organic growth.
  • Managed receivables excluding Mercury grew 35% year-over-year, driven by share gains in private label and general purpose product lines, indicating aggressive market expansion.
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GROV May 7, 2026

Grove Collaborative Holdings Inc Q1 2026 Earnings Call - Revenue Trough Expected with Profitability Milestone

Grove Collaborative Holdings reported a first quarter that defied the lingering drag of its 2025 platform migration, delivering net revenue of $36.2 million and marking its second consecutive quarter ...

  • Grove reported Q1 2026 net revenue of $36.2 million, down 16.8% year-over-year, but management explicitly identifies this period as the revenue trough for the full year.
  • The company achieved positive adjusted EBITDA of $0.3 million, marking its second consecutive quarter of profitability and reflecting aggressive cost discipline.
  • Full-year 2026 revenue guidance was raised to $142.5 million–$152.5 million, up from the previous range of $140 million–$150 million.
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PAL May 7, 2026

Proficient Auto Logistics Q1 2026 Earnings Call - Supply Exit and Tariff Pull-Forward Create a Market Turning Point

Proficient Auto Logistics reported a difficult first quarter of 2026, with revenue down 1.6% year-over-year to $93.7 million and adjusted EBITDA falling to $4.5 million from $7.8 million. The quarter ...

  • Revenue fell 1.6% to $93.7 million, and adjusted EBITDA dropped to $4.5 million from $7.8 million year-over-year, driven by low volumes and a fuel surcharge timing lag.
  • Total units delivered rose 1.5% to 501,850, proving market share gains despite a roughly 5% decline in industry SAAR.
  • Extended plant shutdowns and severe winter weather crushed volumes in January and February, with only a March recovery blunting the quarterly shortfall.
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GWH May 7, 2026

ESS Tech Q1 2026 Earnings Call - Long-Duration Iron Flow Storage Gains Commercial Traction with SRP/Google Pilot and Defense Contract

ESS Tech reported a narrower Q1 2026 net loss of $15.9 million, down 12% year-over-year, as the company executed an operational reset that slashed operating expenses by 33%. While revenue declined to ...

  • ESS Tech reported a Q1 2026 net loss of $15.9 million, a 12% improvement from $18 million in Q1 2025, driven by strict cost discipline.
  • Revenue fell to $128,000 from $599,000 year-over-year, reflecting a strategic transition away from older equipment deliveries toward the new Energy Base product.
  • Total operating expenses decreased 33% to $6.7 million, with significant reductions in sales and marketing and general and administrative costs.
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LOCO May 7, 2026

El Pollo Loco Q1 2026 Earnings Call - Menu Innovation and Margin Discipline Drive Strong Q1 Results

El Pollo Loco delivered a strong first quarter in 2026, driven by a robust innovation pipeline and disciplined cost management. System-wide same-store sales grew 5.8%, fueled by a 5.7% increase in ave...

  • System-wide same-store sales grew 5.8% in Q1 2026, with company-operated comparable sales up 5.4% and franchise comparable sales up 6.1%.
  • Restaurant-level margins expanded 320 basis points year-over-year to 19.2%, achieving the company's long-term target of 18-20%.
  • The Baja Double Tostadas achieved a record 8.3% sales mix, with the broader tostada and salad category peaking at over 20% of total sales.
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RCAT May 7, 2026

Red Cat Holdings Q1 2026 Earnings Call - Record Revenue Surges 849% on Defense Drone Spending Surge

Red Cat Holdings delivered a record $15.5 million in Q1 2026 revenue, an 849% year-over-year increase, driven by accelerated defense spending and combat-proven drone deployments. The company navigated...

  • Red Cat Holdings reported record Q1 2026 revenue of $15.5 million, an 849% increase from $1.6 million in Q1 2025, driven by U.S. Army Short-Range Reconnaissance deliveries, Black Widow exports to a European NATO ally, and FlightWave Edge 130 drone shipments.
  • Gross margins improved from negative in Q1 2025 to 12.7% in Q1 2026, with management targeting 30% as production scales and operational leverage kicks in.
  • The Black Widow drone, now combat-proven in three theaters and integrated with Anduril’s Lattice platform, sits at the center of a $700 million opportunity pipeline across the U.S. Army, Marines, Air Force, Ukraine, Japan, Philippines, and Taiwan.
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CLNE May 7, 2026

Clean Energy Fuels Q1 2026 Earnings Call - RNG Volumes Surge Amid Diesel Volatility, But X15N Adoption Lags

Clean Energy Fuels reported a solid first quarter for 2026, delivering 67 million gallons of renewable natural gas (RNG) and generating $16.6 million in adjusted EBITDA. The company navigated extreme ...

  • Clean Energy Fuels delivered 67 million gallons of RNG in Q1 2026, generating $16.6 million in adjusted EBITDA and ending with $126 million in cash on the balance sheet.
  • New CEO Clay Corbus highlighted the strategic advantage of RNG as diesel prices spiked roughly $1.50 to $2 per gallon following geopolitical conflicts, reinforcing the total cost of ownership case for natural gas.
  • Heavy-duty trucking adoption of the Cummins X15N engine remains slower than initially expected, hindered by higher upfront vehicle costs, challenging freight fundamentals, and regulatory uncertainty in key states like California.
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CDLX May 7, 2026

Cardlytics Q1 2026 Earnings Call - Supply Stabilization and Profitability Push

Cardlytics reported a sharp YoY decline in top-line metrics for Q1 2026, but management framed the quarter as a successful execution of a leaner, lower-cost operating model. The company lost its large...

  • Billings dropped 37% YoY to $58.1 million, and revenue fell 39% to $34.3 million, largely due to the loss of Bank of America in January.
  • Adjusted EBITDA turned positive at $0.2 million, a significant improvement from -$4.1 million in Q1 2025, signaling progress toward self-sustainability.
  • Revenue margin (adjusted contribution as a percentage of revenue) reached a record 60.6%, the highest on record, despite the YoY decline.
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