Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Ultragenyx Q4 2025 Earnings Call - FDA Asks for CMC Support on UX111; Restructuring Targets Profitability in 2027
Ultragenyx closed 2025 with 20% revenue growth to $673 million, driven by Crysvita and accelerating Evkeeza uptake, but the headline moment of the call was regulatory friction. The company received an...
- Ultragenyx reported full-year 2025 revenue of $673 million, up 20% year over year, exceeding the high end of guidance.
- Management received an incomplete response letter for the UX111 BLA, with FDA requesting additional supportive CMC documentation; company will resubmit promptly.
- UX111 long-term data presented at the World Symposium show more than 8 years of follow-up, sustained separation in early-treated MPS IIIA patients on multiple neurologic endpoints, and durable reductions in CSF heparan sulfate.
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JFrog Q4 2025 Earnings Call - Security and Cloud Momentum Cement JFrog as the System of Record for AI-driven Binaries
JFrog closed 2025 with clean execution: revenue of $531.8 million, up 24% year over year, and cloud revenue accelerating 45% to $243.3 million. Management pushed a clear narrative. AI agents are creat...
- FY2025 revenue $531.8 million, up 24% year over year; Q4 revenue $145.3 million, up 25% year over year.
- Cloud revenue reached $243.3 million for 2025, up 45% year over year; Q4 cloud was $70.2 million, representing 48% of Q4 revenue and up 42% year over year.
- Remaining performance obligation, RPO, finished at $566 million, a 40% increase year over year, signaling larger and longer customer commitments.
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Twilio Inc. Q4 2025 Earnings Call - Record revenue and profit as Voice AI accelerates, carrier fees weigh on margins
Twilio closed 2025 with a blowout quarter: Q4 revenue hit $1.4 billion, non-GAAP operating income was $256 million, and free cash flow was $256 million. For the year Twilio delivered $5.1 billion in r...
- Q4 2025 revenue: $1.4 billion, up 14% year-over-year (12% organic).
- Full-year 2025 revenue: $5.1 billion, 14% reported growth and 13% organic growth.
- Q4 non-GAAP operating income: $256 million, record level, up 30% year-over-year; Q4 non-GAAP operating margin 18.7%, up 220 basis points YoY.
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Federal Realty Investment Trust Q4 2025 Earnings Call - Leasing Momentum, Residential Development Fuel Core FFO Guidance Near 6%
Federal Realty closed 2025 with execution, not drama. Leasing was the story, driving occupancy and mark-to-market upside across an enlarged portfolio, while a steady stream of asset recycling and resi...
- Leasing strength was the operational driver: portfolio 96.1% leased and 94.1% occupied at year-end, excluding newly acquired centers.
- Record leasing volume in 2025: 601,000 sq ft of comparable deals in Q4 at 12% rollover, and 2.3 million sq ft for the year at 15% rollover; comparable deals under contract added roughly $11 million of new rent.
- Non-comparable leasing also strong: 20 non-comparable deals in 2025 averaged $48.18 per sq ft and added about $6.3 million of new rent under contract.
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PDF Solutions Q4 2025 Earnings Call - Reinventing for AI-driven orchestration while delivering 22% revenue growth and record margins
PDF Solutions closed 2025 by making a clear pivot from analytics provider to an AI-driven orchestration and connectivity platform, bolting together Exensio enhancements, Sapiens Manufacturing Hub and ...
- 2025 total revenue record: $219.0 million, up 22% year-over-year; Q4 revenue $62.4 million, up 25% YoY.
- Management is repositioning PDF from analytics to an AI-driven orchestration and collaboration platform, integrating orchestration, analytics, and connectivity.
- Acquisition of secureWISE completed for about $130 million, financed with roughly $70 million of debt and balance sheet cash.
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HASI Q4 2025 Earnings Call - Record $4.3B Closings Drive Higher EPS, ROE and Capital Efficiency
HASI closed its strongest year on record in 2025, announcing $4.3 billion of new transactions, a >20% larger pipeline at more than $6.5 billion, and rising profitability across the board. Management r...
- 2025 was a record year: HASI closed $4.3 billion of new transactions in 2025, 87% above 2024, and Q4 finished as the highest-volume year ever.
- Pipeline growth: Managed pipeline rose to more than $6.5 billion at year end, up roughly 20% from the prior comparable period.
- Adjusted EPS and growth: Adjusted EPS was $2.70 in 2025, representing about a 10% year‑over‑year increase.
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Amwell Q4 2025 Earnings Call - Platform refocus trims revenue but paves path to cash flow breakeven in Q4 2026
Amwell used 2025 to surgically rework its business, exiting non-core lines, selling APC, and refocusing on a single, enterprise tech platform aimed at payers, government, and health systems. The pivot...
- Amwell completed a strategic pivot in 2025, abandoning non-core businesses and concentrating exclusively on one enterprise tech platform for payers, government, and health systems.
- Full year 2025 revenue was $249.3 million, with subscription revenue rising to 53% of total revenue, up from 45% in 2024, signaling a move to higher-quality, recurring SaaS revenue.
- Q4 2025 revenue declined 22.1% year-over-year to $55.3 million; subscription revenue in the quarter was $28.8 million, down 22% year-over-year.
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Nu Skin Enterprises Q4 2025 Earnings Call - Prysm iO and India to Drive Return to Growth by End of 2026
Nu Skin reported Q4 and full-year 2025 results squarely inside guidance, with adjusted EPS of $1.27 for 2025, up 51% year over year, and improved operating margins driven by gross margin expansion and...
- Q4 2025 revenue $370 million, roughly $1 million FX headwind, adjusted EPS $0.29 for the quarter, and adjusted EPS $1.27 for full-year 2025 versus $0.84 in 2024, a 51% increase.
- Full-year 2025 revenue $1.49 billion, inside original guidance, with a FY operating margin improvement to 6.7% on an adjusted basis, up 140 basis points versus prior year.
- Gross margin traction: core Nu Skin gross margin finished 77.4% for the year, up 80 basis points versus prior year; Q4 core gross margin was 77.6%, up 100 basis points year over year.
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Electrovaya Q1 FY2026 Earnings Call - Revenue up ~40%, profitable quarter while Jamestown and new products set the next test
Electrovaya kicked off fiscal 2026 with a markedly stronger quarter: revenue of $15.5 million, a near 40% year-over-year jump, improved gross margins and the fourth consecutive profitable quarter. Man...
- Top-line: Q1 revenue was $15.5 million, up 39% from $11.1 million a year earlier, despite Q1 seasonality in material handling.
- Profitability: Gross margin improved to 32.9% (up ~240 bps), operating profit was $1.4 million versus a prior-year operating loss, and net income was about $1 million, marking the fourth consecutive profitable quarter.
- EBITDA and cash flow: Adjusted EBITDA was $2.0 million (13% of revenue), up from $0.5 million a year ago. The company generated $1.7 million of cash from operations versus cash used of $0.3 million in the prior year.
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Callaway Golf Company Fourth Quarter 2025 Earnings Call - Return to Pure-Play Golf, Net Cash Positive After Topgolf Stake Sale
Callaway closed a transformational chapter in late 2025, selling Jack Wolfskin for $290 million and a 60% stake in Topgolf at a roughly $1.1 billion valuation, receiving about $800 million in cash and...
- Callaway completed two transformational disposals in 2025: Jack Wolfskin sold for $290 million, and a 60% stake in Topgolf sold at a roughly $1.1 billion valuation.
- Transaction proceeds were about $800 million net, used in part to repay $1 billion of Term Loan B, leaving Callaway in a net cash positive position with roughly $680 million cash and about $480 million of outstanding debt.
- Topgolf is now a discontinued operation for Callaway; Callaway retains a 40% minority stake with no recourse for Topgolf venue financing, leases, or new debt.
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