Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Alliance Entertainment Q2 FY2026 Earnings Call - Margin expansion validates shift to premium physical media, collectibles, and authenticated platform
Alliance delivered a quarter that reads like a strategic pivot in progress. Revenue dipped to $369 million as lower-margin categories softened, but management pushed a deliberate tradeoff and earned i...
- Net revenue for Q2 FY2026 was $369 million, down from $394 million a year ago, driven by softness in lower-margin categories and deliberate mix shifts.
- Gross profit rose to $47.1 million and gross margin expanded 210 basis points to 12.8%, driven by a move into premium physical media and collectibles.
- Net income increased to $9.4 million, or $0.18 per diluted share, versus $7.1 million, or $0.14, in the prior year quarter.
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Artivion Q4 2025 Earnings Call - AMDS, On-X, and NEXUS clinical momentum sets up double-digit growth with mid-2026 PMA milestones
Artivion closed 2025 with a clean beat on both growth and margin expansion, driven by a stent graft rebound, accelerating On-X share gains, and a pair of favorable clinical readouts that put regulator...
- Q4 adjusted revenues were $118.3 million, full year adjusted revenues were $443.6 million, up 13% on an adjusted constant currency basis for 2025.
- Adjusted EBITDA grew 26% in 2025, driving a full-year adjusted EBITDA margin of 20.2%, and Q4 adjusted EBITDA was $22.7 million with a 19.2% margin.
- Stent grafts led Q4 growth, up 36% year over year on a constant currency basis, driven by AMDS in the U.S., international strength, and an easier comp from last year’s cyber incident.
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Wynn Resorts Q4 2025 Earnings Call - Al Marjan top-out accelerates shift to majority non-US-dollar revenue
Wynn closed Q4 with healthy momentum across Las Vegas, Macau, and Boston, while execution on Wynn Al Marjan Island moved into high gear with the tower topped out and interior fit-out underway. Managem...
- Wynn topped out the Wynn Al Marjan Island tower at the 70th floor, with interior fit-out underway and exterior glass about 80% complete.
- Management expects the company to move toward generating over 55% of revenues in non-US-dollar markets as Al Marjan and other international assets ramp.
- Q4 adjusted property EBITDA: Wynn Las Vegas ~$241 million, Wynn Macau ~$271 million, Encore Boston Harbor ~$57 million; consolidated adjusted property EBITDA exceeded $2.2 billion for the year.
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Expedia Group Q4 2025 Earnings Call - Nearly 4-Point Margin Expansion Fueled by B2B, AI and Marketing Discipline
Expedia closed 2025 with clear operational momentum: bookings and revenue rose 11% year-over-year, booked room nights were up 9%, and adjusted EBITDA margin expanded nearly 4 percentage points to 24% ...
- Q4 topline: gross bookings and revenue both grew 11% year-over-year, to $27.0 billion and $3.5 billion respectively.
- Adjusted EBITDA was $848 million, a 24% margin, roughly a 4 percentage point expansion versus prior year.
- Booked room nights rose 9% YoY, with high single-digit growth in the U.S. and low double-digit growth in EMEA; rest of world growth slowed due to geopolitical headwinds in Asia.
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SPS Commerce Q4 2025 Earnings Call - 100th Consecutive Revenue Growth, AI Launch and Revenue Recovery Headwinds
SPS Commerce celebrated its 100th consecutive quarter of revenue growth while navigating mixed signals: solid profitability and cash returns to shareholders, offset by near-term demand softness and re...
- SPS hit its 100th consecutive quarter of revenue growth, a headline milestone anchored to long-term network strength.
- Q4 2025 revenue was $192.7 million, up 13% year-over-year; recurring revenue for Q4 grew 14% year-over-year.
- Full-year 2025 revenue reached $751.5 million, up 18%; recurring revenue grew 20% and adjusted EBITDA for the year rose 24% to $231.4 million.
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Live Ventures Fiscal Year 2026 Q1 Earnings Call - Operating income rebounds 352.9% and adjusted EBITDA rises as cost cuts offset revenue softness
Live Ventures posted a modest revenue decline, but the quarter was defined by a sharp operational recovery. Total revenue fell 2.7% to $108.5 million, led by a 20.2% drop at Retail-Flooring, yet gross...
- Total revenue declined 2.7% year-over-year to $108.5 million for Q1 FY2026.
- Operating income rose to $3.5 million, a 352.9% increase versus $0.8 million in the prior-year quarter.
- Adjusted EBITDA increased 35.7% to $7.8 million, driven primarily by higher operating income and cost actions.
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CVRx Q4 2025 Earnings Call - BENEFIT-HF Trial Launched, Could Triple Addressable Market
CVRx closed 2025 with modest top-line growth while spending to reshape its commercial engine and clear reimbursement hurdles. Q4 revenue was $16.0 million and full-year revenue was $56.7 million, up 4...
- Q4 2025 revenue was $16.0 million; full-year 2025 revenue was $56.7 million, up 4% and 10% respectively versus prior year.
- CVRx says 2025 was a deliberate investment year to rebuild the commercial foundation, hiring field leadership, training resources, and refocusing reps on 3-5 high-potential accounts each.
- U.S. footprint expanded to 53 sales territories and 252 active implanting centers at year-end, up 10% and 13% year over year.
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Trupanion Q4 2025 Earnings Call - Record margins and aggressive reinvestment as retention strengthens
Trupanion closed 2025 with a clean, profitable sprint. Subscription revenue nearly hit $1 billion for the year, subscription adjusted operating margin reached a record 16.5% in Q4, and free cash flow ...
- Q4 total revenue was $376.9 million, up 12% year over year; full-year 2025 subscription revenue approached $1.0 billion.
- Subscription revenue in Q4 was $261.4 million, up 15% year over year; total subscription pets reached ~1,096,000 (including ~63,000 in Europe).
- Subscription adjusted operating income in Q4 was $43.1 million, up 23% year over year; subscription adjusted operating margin reached a record 16.5% (versus 15.3% prior year).
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Arteris Q4 2025 Earnings Call - Royalty Surge and Security Acquisition Set Stage for 2026 Profit Path
Arteris closed 2025 with a string of records, led by ACV plus royalties hitting $83.6 million, a 28% year-on-year rise, and a 50% jump in variable royalties. The company is leaning into AI-driven dema...
- Record ACV plus royalties of $83.6 million in Q4 2025, up 28% year over year, signaling stronger, recurring contractual revenue.
- Total Q4 2025 revenue of $20.1 million, up 30% year over year and 16% sequentially, above the top end of guidance.
- Full year 2025 revenue was $70.6 million, a 22% increase from 2024; variable royalties grew 50% year over year with Q4 a new high-water mark.
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NewMarket Corporation Q4 2025 Earnings Call - Higher Taxes Trim EPS, Specialty Push Accelerates
NewMarket posted solid operating cash flow and strong pre-tax profits in 2025, but a higher effective tax rate materially compressed net income and EPS. Petroleum additives showed declining shipments,...
- Pre-tax income for Q4 2025 was $113 million, down from $134 million in Q4 2024; full-year pre-tax income was $561 million versus $584 million in 2024, a 4% decline.
- Net income for Q4 2025 was $81 million, or $8.65 per share, down from $111 million, or $11.56 per share in Q4 2024; full-year net income was $419 million, or $44.44 per share, versus $462 million, or $48.22 per share in 2024.
- Management singled out a higher effective tax rate in 2025 as a primary driver of the decline in net income and EPS, and directed listeners to the 10-K for the detailed tax factors.
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