Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Rithm Property Trust Q4 2025 Earnings Call - Recap Plan: $1.60-$1.70 EPS Target If Capital Raised
Rithm Property Trust finished Q4 2025 with a tidy balance sheet, a newly higher share price after a 6-for-1 reverse split, and a public plan to recapitalize the REIT into a cash-generating multifamily...
- Company completed a 6-for-1 reverse split to lift the share price, trading post-split roughly $15 to $16 versus about $2 pre-split.
- RPT reported Q4 GAAP earnings of $2.5 million and EAD of about negative $0.5 million, equating to $0.06 per diluted share for the quarter.
- Management states RPT has approximately $100 million of cash and liquidity on the balance sheet and total equity of about $300 million.
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NatWest Group Full Year 2025 Earnings Call - Strong results, lower CET1 target and a scale-up in wealth via Evolent Partners
NatWest delivered a clean, repeatable year: double digit income growth, tighter costs, robust capital generation and a big push into wealth. Income rose 12% to 16.4bn, operating leverage cut the cost ...
- NatWest reported robust full year 2025 results: income up 12% to 16.4bn, operating profit 7.7bn and profit attributable to shareholders 5.5bn, with RoTE of 19.2% and EPS +27% to 68p.
- Cost discipline improved materially, costs rose only about 2% while the cost income ratio fell 4.8 percentage points to 48.6%, delivering positive jaws of roughly 10% for the year.
- Balance sheet growth was broad based: lending grew 5.6% to 392.7bn, deposits rose 2.4% to 442bn, and assets under management and administration jumped 20% to 58.5bn.
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Rivian Q4 2025 Earnings Call - R2 launch to drive 2026 transition toward profitability
Rivian closed 2025 with concrete operational gains and a clear pivot: R2 is months away from customer deliveries and the company expects 2026 to be a transition year as it scales production and pushes...
- R2 is months from customer deliveries, with product, pricing, and lineup details to be announced March 12 and deliveries beginning in Q2 2026.
- R2 Launch Edition will be dual motor AWD, above 650 horsepower, and over 300 miles of range, positioned at a mass market price point around $45,000 to $50,000.
- 2025 was the first full year of positive gross profit for Rivian, driven by a greater than $1.3 billion improvement in full year gross profit versus the prior year.
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New Horizon Aircraft Q2 2026 Earnings Call - Full‑scale X7 prototype on track for end‑2026 with strongest cash position to date
Horizon used its first public earnings call to thread a clear, pragmatic needle: build a hybrid eVTOL that can fly farther, faster, and in real weather, and do it without burning cash on a parallel op...
- Company held its first public earnings call as a listed company covering fiscal Q2 2026.
- Cash balance was reported at more than $24 million, described as the company’s strongest liquidity position ever.
- The company raised over $11 million in the quarter via aftermarket program and warrant exercises at an average price of $281 per share.
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Airbnb Q4 2025 Earnings Call - Product fixes, Reserve Now Pay Later and pricing transparency reaccelerated growth
Airbnb closed 2025 with a clear message, not a miracle. Q4 results showed a tangible reacceleration driven by hundreds of small, deliberately stacked product changes under "Project Y," plus a material...
- Q4 headline results beat expectations, revenue $2.8 billion, up 12% year over year, GBV $20.4 billion, up 16% year over year.
- Nights and seats booked grew 10% in Q4, Airbnb’s strongest quarter for that metric in over two years, management attributes acceleration to product work rather than macro alone.
- Project Y, a small elite product team and operating model focused on rapid iterative fixes, delivered hundreds of millions in revenue in 2025 and is expected to contribute hundreds of millions more in 2026.
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Atomera Q4 2025 Earnings Call - Gate-All-Around proof points accelerate path to commercial deals in 2026
Atomera closed 2025 with technical breakouts that move the company from lab curiosity toward commercial seriousness. Management reported recent silicon results showing MST can be deposited into Gate-A...
- Breakthrough GAA silicon results, obtained last month, demonstrate MST can be deposited into nanosheet Gate-All-Around structures and still provide strong phosphorus diffusion blocking at ~2 nm scales.
- Atomera benchmarks MST as superior to silicon arsenide for diffusion blocking, and the industry prefers a non-arsenic solution for safety and cost reasons.
- The company has a strategic partnership with a large equipment OEM, which management says will accelerate conversations with leading fabs including TSMC, Samsung, Intel and Rapidus.
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Hercules Capital Q4 and Full Year 2025 Earnings Call - Record $1.06B Q4 Originations and $5.7B AUM, Positioned to Deploy into 2026 Volatility
Hercules closed 2025 with a string of records and a defensive posture ready to play offense. Q4 originations hit $1.06 billion, lifting full-year originations to nearly $4 billion and platform assets ...
- Record Q4 originations of $1.06 billion, driving record annual originations of nearly $4.0 billion and gross fundings of $2.28 billion for 2025.
- Platform-level assets under management surpassed $5.7 billion, up about 20.5% year over year, driven by growth in both the BDC and private credit funds.
- Hercules set records for total and net investment income in 2025, with total investment income of $532.5 million and net investment income of $341.7 million.
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Instacart Q4 2025 Earnings Call - Strongest GTV Growth in Three Years and AI-Driven Enterprise Push
Instacart closed 2025 on a clear roll, reporting its strongest GTV growth in three years while using AI to accelerate execution across marketplace, enterprise, and ads. Management leaned into a land-a...
- Q4 2025 GTV was $9.85 billion, up 14% year over year, the strongest GTV growth Instacart has reported in three years; orders were 89.5 million, up 16% year over year, while average order value fell 1% driven by more restaurant orders.
- Management repurchased $1.1 billion of shares in Q4 and $1.4 billion in total for 2025, ending the year with roughly $1 billion in cash and $671 million of remaining buyback capacity.
- Advertising and other revenue grew 10% year over year in Q4; the ad ecosystem now includes over 9,000 brands versus 7,000 a year ago, and Carrot Ads partners expanded to more than 310 from 220.
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Tucows Q4 2025 Earnings Call - Domains and Wavelo Drive EBITDA While Ting Stays in Strategic Review
Tucows closed 2025 with stronger-than-expected profitability driven by Domains and Wavelo, delivering full-year adjusted EBITDA of $50.6 million, $3.6 million above guidance. Q4 consolidated revenue w...
- Consolidated Q4 2025 revenue was $98.7 million, up 6% year over year, with Q4 gross profit of $24.1 million, up 14% year over year.
- Full-year 2025 adjusted EBITDA was $50.6 million, a 45% increase from 2024 and $3.6 million above guidance. Excluding Ting, 2025 adjusted EBITDA was $56.8 million.
- Q4 adjusted EBITDA was $11.1 million, down 14% year over year, reflecting timing and mix rather than core segment weakness.
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Coinbase Q4 2025 Earnings Call - Everything Exchange momentum and USDC growth signal diversification
Coinbase used Q4 to prove a simple point, revenue can be less tethered to crypto price moves. The Everything Exchange launch drove doubled global trading volume and market share year over year, deriva...
- Coinbase launched the Everything Exchange in Q4, and management says global trading volume and market share doubled year-over-year with early signs of cross-asset customer engagement.
- Total 2025 revenue was $7.2 billion, up 9% year-over-year; subscription and services revenue reached $2.8 billion, up 23% year-over-year and 5.5x the 2021 cycle peak.
- Q4 total revenue was $1.8 billion, down 5% quarter-over-quarter; transaction revenue was $983 million (down 6% q/q) and subscription and services revenue was $727 million (down 3% q/q).
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