Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Lyft Q4 2025 Earnings Call - Accelerated Gross Bookings and Record Profitability, Tracking to 2027 Targets
Lyft closed 2025 with accelerated gross bookings and record profitability, reporting 51.3 million riders and 946 million rides for the year. Q4 showed 19% year-over-year gross bookings growth, active ...
- Gross bookings accelerated 19% year-over-year in Q4 2025, driving the strongest profitability Lyft has reported.
- Lyft reported 51.3 million riders and 946 million rides for the full year 2025; roughly 30 rides per second, per the CEO’s colorful tally.
- Active riders rose 18% year-over-year in Q4, and retained riders hit a company record, signaling improving customer engagement and retention.
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Electromed Q2 FY2026 Earnings Call - SmartVest Home Care Momentum Drives Record Revenue, Big Untapped Bronchiectasis Opportunity
Electromed reported a strong Q2 FY2026, delivering record revenue of $18.9 million, up 16.3% year over year, driven by its core home care SmartVest business. Operating leverage showed up in a 42.4% ju...
- Record net revenue of $18.9 million in Q2 FY2026, up 16.3% year over year, marking the 13th consecutive quarter of revenue and profit growth for Electromed.
- Home care is the engine: direct home care revenue rose 18.4% to $17.3 million, while distributor revenue grew 12.1% year over year.
- Hospital channel revenue fell 9.4% to $0.7 million, management says due to strategic prioritization of home shipments and timing variability in capital orders, signaling potential volatility in that channel.
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Klaviyo Q4 2025 Earnings Call - Breakout year: 32% revenue growth as AI agents push autonomous B2C CRM adoption
Klaviyo closed 2025 with a breakout year: full-year revenue of $1.234 billion, up 32% year-over-year, and a Q4 revenue beat of $350 million, up 30% y/y. Management framed the story around an autonomou...
- Full-year 2025 revenue $1.234 billion, up 32% year-over-year; Q4 revenue $350 million, up 30% y/y, annualized revenue run rate $1.4 billion.
- Non-GAAP operating margin expanded to 14% for the full year; Q4 non-GAAP operating margin was 15% with non-GAAP operating income of $51 million.
- Free cash flow surged 61% year-over-year to $87 million in 2025, with a full-year free cash flow margin of 16% and cash on hand surpassing $1 billion.
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Gilead Sciences Q4 2025 Earnings Call - Yes2Go launch momentum offsets Part D headwinds, keeping HIV growth intact
Gilead closed 2025 with resilient top-line performance and a busy catalyst calendar. HIV remains the engine, with Biktarvy and Descovy driving demand while the newly launched twice-yearly injectable Y...
- Total product sales for full-year 2025 were $28.9 billion, up 1% year-over-year, with base business sales (ex-Veklury) of $28.0 billion, up 4%.
- Gilead cited a material policy headwind: an estimated $900 million impact to HIV in 2025 from Medicare Part D redesign; CFO also referenced a roughly $1.1 billion Part D-related headwind to total product sales.
- HIV franchise delivered $20.8 billion in 2025 sales, up 6% year-over-year (10% growth excluding the Part D headwind); Biktarvy reached $14.3 billion for the year, up 7%.
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Unitil Corporation Q4 2025 Earnings Call - Maine gas acquisitions drive customer and margin lift as five-year capex rises to $1.2B
Unitil closed 2025 with adjusted EPS of $3.16 and adjusted net income of $53.3 million, fueled largely by the acquisitions of Bangor Natural Gas and Maine Natural Gas. Those deals added roughly 15,400...
- 2025 adjusted earnings were $53.3 million, or $3.16 per share, up $0.19 per share (6.4%) versus 2024.
- Unitil completed acquisitions of Bangor Natural Gas and Maine Natural Gas in 2025, adding about 15,400 gas customers and approximately $16.6 million of annual distribution revenues.
- The company expects to file base rate cases for Bangor Natural Gas and Maine Natural Gas in 2027, with final rate decisions anticipated in 2028.
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UDR Q4 2025 Earnings Call - Operating Momentum and a Net-Seller Stance Leave FFOA Essentially Flat for 2026
UDR closed 2025 with stronger-than-expected operating results, a $2.54 FFOA per share full-year print and clear operating momentum into 2026 driven by accelerating lease-rate growth, high occupancy an...
- 2025 results beat initial guidance at midpoint, with full-year FFOA per share of $2.54 and Q4 FFOA of $0.64.
- 2026 FFOA per share guidance is $2.47 to $2.57, midpoint $2.52, effectively flat year-over-year after adjusting for two non-repeat pennies in 2025.
- Same-store revenue guidance for 2026 is 0.25% to 2.25% with a midpoint of 1.25%; same-store NOI midpoint implies roughly 0.125% year-over-year growth.
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PennantPark Investment Corporation Q1 FY2026 Earnings Call - JF Exit Cuts Equity Risk, Supplemental Dividend Pegged Through Dec 2026
PennantPark reported core net investment income of $0.14 per share for Q1 FY2026, and set a total monthly dividend of $0.08 per share made up of a $0.04 base and a $0.04 supplemental payment funded fr...
- Core net investment income was $0.14 per share for the quarter, GAAP net investment income was $0.11 per share.
- Dividend unchanged at $0.08 per share, split into $0.04 base and $0.04 supplemental, with the supplemental explicitly funded from $41 million of undistributed spillover, or about $0.63 per share, and slated to continue through December 2026.
- PennantPark completed the full exit of its JF Holdings equity stake, generating $68 million in proceeds and a $63 million realized gain, monetizing approximately 20% of the equity portfolio fair value.
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Ares Commercial Real Estate Corporation Q4 2025 Earnings Call - Balance-sheet de-risking lets originations resume while five distressed loans remain
Ares Commercial Real Estate spent 2025 shrinking exposure to troubled office and REO assets and building liquidity, and in the second half of the year that positioning allowed the company to restart o...
- ACRE reduced office loans to $447 million, down about 30% since year-end 2024 and from 38% of the portfolio to 28% in Q4 2025.
- Five loans remain risk-rated 4 or 5, with the two largest accounting for roughly 85% of that bucket: a $140 million non-accrual Chicago office loan and a $130 million Brooklyn residential condominium construction loan.
- Brooklyn condo project construction is on plan, exterior completed on time and on budget, formal marketing launched, and sales are anticipated to begin in the first half of 2026.
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Silvercorp Q3 Fiscal 2026 Earnings Call - Record cash flow and higher silver prices drive adjusted profit, masked by $60M non-cash convertible charge
Silvercorp posted a blockbuster Q3 driven by an 80% jump in realized silver prices, producing $126 million of revenue, $133 million of operating cash flow and $90 million of free cash flow. Adjusted n...
- Revenue hit $126 million in Q3, up 51% year over year, led by silver which accounted for 72% of revenue.
- Realized silver selling price rose about 80, adding close to $49 per ounce after smelter deductions and driving the quarter's top-line strength.
- Operating cash flow was $133 million, up 196% year over year, and free cash flow reached $90 million, up 336%.
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Cincinnati Financial Q4 and Full Year 2025 Earnings Call - Outperformed after record catastrophe; underwriting and investment gains lifted earnings
Cincinnati Financial closed 2025 with resilience, not luck. The company absorbed the largest catastrophe loss in its history and still delivered full-year net income of $2.4 billion, up 4% versus 2024...
- Full-year 2025 net income was $2.4 billion, up 4% from 2024; Q4 net income rose 67% to $676 million.
- Q4 included $145 million after-tax recognition for increased fair value of equities still held, part of equity portfolio net pretax Q4 gain of $181 million.
- Full-year property casualty combined ratio improved to 94.9%, Q4 P&C combined ratio was a strong 85.2%; ex-cat current accident year combined ratio improved 0.4 points.
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