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Warrior Met Coal(HCC) - 2025 Q3 - Quarterly Results
2025-11-05 21:04
Exhibit 99.1 Warrior Reports Third Quarter 2025 Results and Updates Outlook Commences longwall operations at transformational Blue Creek mine, eight months ahead of schedule and on budget Raises full year outlook to reflect strong operational performance and Blue Creek ramp-up Potential for strategic expansion through federal lease acquisition win BROOKWOOD, AL - November 5, 2025 - Warrior Met Coal, Inc. (NYSE: HCC) ("Warrior" or the "Company") today announced results for the third quarter of 2025. Warrior ...
PROCORE(PCOR) - 2025 Q3 - Quarterly Results
2025-11-05 21:04
Revenue Performance - Revenue for Q3 2025 was $339 million, representing a 15% year-over-year increase[7] - Revenue for the three months ended September 30, 2025, was $338,851,000, representing a 14.5% increase from $295,885,000 in the same period of 2024[25] - Revenue for Q3 2025 reached $338.85 million, a 14.5% increase from $295.89 million in Q3 2024[38] - Fourth quarter 2025 revenue is expected to be between $339 million and $341 million, indicating year-over-year growth of 12% to 13%[13] - Full year 2025 revenue is projected to be between $1,312 million and $1,314 million, reflecting a 14% year-over-year growth[13] Profitability Metrics - GAAP gross margin was 80%, while non-GAAP gross margin was 84%[7] - Gross profit for Q3 2025 reached $270.089 million, up from $240.931 million in Q3 2024, resulting in a gross margin of 80%[35] - Non-GAAP gross profit for Q3 2025 was $284.084 million, with a non-GAAP gross margin of 84%[35] - Non-GAAP income from operations for Q3 2025 was $58.645 million, compared to $26.329 million in Q3 2024[37] - Non-GAAP net income for Q3 2025 was $64.57 million, compared to $36.44 million in Q3 2024, representing a 77.2% increase[38] Cash Flow and Expenses - Operating cash inflow for Q3 was $88 million, with free cash inflow increasing by 194% year-over-year to $68 million[7] - Net cash provided by operating activities for the nine months ended September 2025 was $185.328 million, compared to $167.116 million for the same period in 2024[34] - Free cash flow for Q3 2025 was $23.01 million, down from $67.74 million in Q3 2024[39] - Stock-based compensation expense for Q3 2025 was $59.273 million, up from $50.455 million in Q3 2024[37] - GAAP sales and marketing expenses for Q3 2025 were $144.290 million, representing 43% of revenue, compared to 48% in Q3 2024[36] Customer Metrics - The gross revenue retention rate achieved was 95% in Q3 2025[7] - The number of organic customers contributing over $100,000 in annual recurring revenue increased by 15% year-over-year to 2,602[7] - Procore added 122 net new organic customers in Q3, totaling 17,623 organic customers[7] Balance Sheet Highlights - Cash and cash equivalents as of September 30, 2025, were $350,496,000, down from $437,722,000 at the end of 2024[31] - Total assets decreased to $2,058,483,000 as of September 30, 2025, from $2,101,371,000 at the end of 2024[31] - Total stockholders' equity decreased to $1,224,023,000 as of September 30, 2025, from $1,288,353,000 at the end of 2024[31] Future Outlook - Non-GAAP operating margin for Q4 2025 is expected to be 14.4%[13] - Remaining performance obligations (RPO) increased by 31% to $1,409,534,000 as of September 30, 2025, compared to $1,073,416,000 in 2024[32] - Current remaining performance obligations rose by 23% to $911,220,000 from $738,856,000 year-over-year[32] - Non-current remaining performance obligations increased by 49% to $498,314,000 from $334,560,000 year-over-year[32]
Pattern(PTRN) - 2025 Q3 - Quarterly Results
2025-11-05 21:04
Revenue Growth - Record revenue of $640 million in Q3 2025, representing a 46% year-over-year growth[1] - Total revenue not attributable to Amazon increased by 81% year-over-year, reaching $47.1 million[6] - International revenue hit a record of $53 million, up 72% year-over-year, with strong performance in Europe, Asia-Pacific, and the Middle East[6] - Anticipated full year 2025 revenue growth of 37% and adjusted EBITDA growth of 48%[5] - Projected Q4 2025 revenues in the range of $680 million to $700 million, indicating 32% to 36% growth year-over-year[12] Net Revenue Retention - Net Revenue Retention (NRR) reached 122%, up from 113% in the prior year period[1] EBITDA and Cash Flow - Adjusted EBITDA (non-GAAP) for Q3 2025 was $41 million, an 88% increase year-over-year[6] - Free Cash Flow (non-GAAP) for the trailing twelve months was $71 million, up from $49 million in the prior period[6] - Adjusted EBITDA for the three months ended September 30, 2024, was $21,831 thousand, increasing to $41,054 thousand in 2025, indicating a growth of approximately 88%[28] - Free cash flow for the last twelve months ended September 30, 2024, was $70,775 thousand, compared to $48,586 thousand in 2025, reflecting a decrease of about 31%[29] - Net cash provided by operating activities for the trailing twelve months ended September 30, 2025, was $92 million, compared to $67 million in the prior period[6] - The net cash provided by operating activities increased from $66,509 thousand in 2024 to $92,373 thousand in 2025, representing a growth of approximately 39%[29] Assets and Liabilities - Total assets increased from $664,422 thousand as of December 31, 2024, to $843,109 thousand as of September 30, 2025, representing a growth of approximately 27%[19] - Total current assets rose from $558,082 thousand to $718,085 thousand, an increase of approximately 29%[19] - Total current liabilities increased from $257,699 thousand to $279,022 thousand, a rise of about 8%[19] - The company’s total liabilities increased from $285,097 thousand to $301,736 thousand, reflecting an increase of approximately 6%[19] Cash and Retained Earnings - The company reported a significant increase in cash and cash equivalents from $175,615 thousand to $312,803 thousand, a growth of approximately 78%[19] - The company’s retained earnings were reported at $106,855 thousand as of December 31, 2024, with no retained earnings reported as of September 30, 2025[19] Net Income and Loss - Net loss attributable to common stockholders was $223 million, including a $164 million non-cash deemed dividend related to the IPO[6] - Net income for the three months ended September 30, 2024, was $14,196 thousand, while for the same period in 2025, it showed a loss of $59,059 thousand[28]
Talen Energy Corporation(TLN) - 2025 Q3 - Quarterly Results
2025-11-05 21:04
Financial Performance - Talen Energy reported third quarter 2025 GAAP Net Income attributable to stockholders of $207 million, an increase of $39 million compared to the same quarter in 2024[6]. - Adjusted EBITDA for the third quarter 2025 was $363 million, up $133 million from $230 million in the same quarter of 2024[8]. - Adjusted Free Cash Flow for the third quarter 2025 was $223 million, an increase of $126 million compared to $97 million in the third quarter of 2024[8]. - Net income for the nine months ended September 30, 2025, was $144 million, down from $945 million for the same period in 2024[26]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $653 million, compared to $606 million in 2024, reflecting a year-over-year increase of approximately 7.7%[33]. - The company reported net cash provided by operating activities of $424 million for the nine months ended September 30, 2025, compared to $246 million in 2024, indicating a significant increase of 72.4%[26]. - Adjusted Free Cash Flow for the nine months ended September 30, 2025, was $232 million, down from $262 million in 2024[33]. Guidance and Projections - Talen narrowed its 2025 guidance for Adjusted EBITDA to a range of $975 million to $1,000 million and reaffirmed 2026 guidance of $1,750 million to $2,050 million[9]. - The company expects 2025 Adjusted EBITDA guidance to be between $975 million and $1,000 million, with 2026 guidance ranging from $1,750 million to $2,050 million[36]. - Capital expenditures for 2025 are projected to be between $(205) million and $(195) million, while for 2026, they are expected to be between $(280) million and $(300) million[36]. Liquidity and Debt - As of October 31, 2025, Talen had total available liquidity of approximately $1.2 billion, including $485 million in unrestricted cash[15]. - Long-term debt as of September 30, 2025, was $2,969 million, slightly down from $2,987 million on December 31, 2024[24]. Acquisitions and Share Repurchase - The company raised $3.9 billion to fund the Freedom and Guernsey acquisitions, which are expected to close in the first quarter of 2026[5][12]. - Talen increased its share repurchase program from $995 million to $2 billion, with the new program set to expire on December 31, 2028[13]. Generation and Environmental Impact - Talen's total generation for the third quarter 2025 was 11.1 TWh, compared to 10.8 TWh in the same quarter of 2024[5]. - Carbon-free generation accounted for 42% of total generation in the third quarter 2025, slightly down from 43% in the same quarter of 2024[5]. - The company hedged approximately 100% of its expected generation volumes for 2025, 60% for 2026, and 25% for 2027[16]. Asset Management - Total assets as of September 30, 2025, were $6,097 million, a slight decrease from $6,106 million on December 31, 2024[24]. - Cash and cash equivalents at the end of the period were $497 million, a decrease from $1,132 million at the end of the same period in 2024[26]. - The company experienced a loss of $36 million on sales of assets for the nine months ended September 30, 2025[26].
LegalZoom.com(LZ) - 2025 Q3 - Quarterly Results
2025-11-05 21:03
Financial Performance - LegalZoom reported record third quarter revenue of $190.2 million, representing a 13% year-over-year increase[5]. - Subscription revenue reached $125.4 million, also up 13% year-over-year, driven by growth in compliance offerings[5]. - Net income for the quarter was $4.5 million, a decrease of 59% compared to $11.1 million in the same period in 2024, resulting in a net income margin of 2%[6]. - Adjusted EBITDA was $46.3 million, down 2% from $47.1 million in the same period in 2024, with an adjusted EBITDA margin of 24%[6]. - Revenue for the three months ended September 30, 2025, was $190,158,000, representing a 12.5% increase from $168,599,000 in the same period of 2024[29]. - Gross profit for the nine months ended September 30, 2025, was $369,548,000, up from $333,467,000 in 2024, indicating an increase of 10.8%[29]. - Net income for the three months ended September 30, 2025, was $4,509,000, a decrease of 59.1% compared to $11,051,000 in the same period of 2024[29]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $122,300,000, compared to $103,910,000 in 2024, reflecting an increase of 17.6%[33]. - Non-GAAP net income for Q3 2025 was $30,996,000, compared to $29,699,000 in Q3 2024, reflecting a year-over-year increase of 4.4%[35]. - Non-GAAP net income margin for Q3 2025 was 16%, down from 18% in Q3 2024[35]. - Basic Non-GAAP net income per share for Q3 2025 was $0.17, unchanged from Q3 2024[37]. - Diluted Non-GAAP net income per share for Q3 2025 was $0.17, also unchanged from Q3 2024[37]. - The company reported a net income of $4,509,000 for Q3 2025, a decrease from $11,051,000 in Q3 2024, reflecting a decline of 59%[35]. Cash Flow and Liquidity - Cash flow from operating activities was $54.2 million, a 72% increase from $31.6 million in the same period in 2024[6]. - Free cash flow for the quarter was $47.0 million, up 114% from $22.0 million in the same period in 2024[6]. - LegalZoom ended the quarter with cash and cash equivalents of $237.2 million, up from $142.1 million as of December 31, 2024[6]. - Cash and cash equivalents at the end of the period on September 30, 2025, were $237,154,000, up from $142,064,000 at the beginning of the period[31]. - The company reported a net cash provided by operating activities of $144,068,000 for the nine months ended September 30, 2025, compared to $93,053,000 in 2024, an increase of 55%[31]. - Net cash provided by operating activities for the nine months ended September 2025 was $144,068,000, compared to $93,053,000 for the same period in 2024, an increase of 55%[38]. - Free cash flow for Q3 2025 was $46,990,000, significantly higher than $21,975,000 in Q3 2024, representing a 113% increase[38]. Guidance and Future Outlook - LegalZoom expects fourth quarter revenue to be in the range of $182 million to $186 million, indicating a 14% year-over-year growth at the midpoint[8]. - The company raised its full-year 2025 revenue guidance to approximately $748 million to $752 million, reflecting a 10% year-over-year growth at the midpoint[14]. Assets and Liabilities - Total assets increased to $551,104,000 as of September 30, 2025, from $373,883,000 as of December 31, 2024, marking a growth of 47.5%[27]. - Total liabilities rose to $349,183,000 as of September 30, 2025, compared to $280,626,000 at the end of 2024, an increase of 24.4%[27]. - The company’s deferred revenue as of September 30, 2025, was $213,807,000, up from $174,643,000 at the end of 2024, indicating a growth of 22.4%[27]. Expenses - Sales and marketing expenses for the three months ended September 30, 2025, were $67,835,000, a significant increase of 46.6% from $46,287,000 in the same period of 2024[29]. - Total stock-based compensation for the nine months ended September 2025 was $88,763,000, compared to $49,486,000 in the same period of 2024, an increase of 79%[35]. - The company incurred restructuring costs of $88,000 in Q3 2025, down from $5,917,000 in Q3 2024[36]. Subscription Metrics - The number of subscription units at period end was 1,959, a 14% increase compared to 1,717 in the same period in 2024[7]. - LegalZoom reported a net cash provided by operating activities of $144,068,000 for the nine months ended September 30, 2025, compared to $93,053,000 in 2024, an increase of 55%[31].
Omnicell(OMCL) - 2025 Q3 - Quarterly Report
2025-11-05 21:03
Revenue and Financial Performance - For the three months ended September 30, 2025, revenues generated in the United States represented 90% of total revenues, compared to 91% for the same period in 2024[137] - Total revenues for the three months ended September 30, 2025, increased by 10% to $310.6 million compared to $282.4 million in 2024[156] - Product revenues rose by 12% to $177.5 million, representing 57% of total revenues, primarily driven by the XTExtend offering[156] - Service revenues increased by 7% to $133.1 million, accounting for 43% of total revenues, with significant growth in technical services and Specialty Pharmacy Services[157] - For the nine months ended September 30, 2025, total revenues increased by 8% to $870.9 million, with product revenues stable at 56% of total revenues[160] - For the nine months ended September 30, 2025, gross profit was $373.1 million, up from $329.2 million for the same period in 2024, reflecting an increase of 13.4%[173] Expenses and Cost Management - Cost of service revenues increased by 21% to $79.4 million, primarily due to higher employee-related expenses and non-recurring software upgrade costs[165] - Total operating expenses for the nine months ended September 30, 2025, were $368.4 million, an increase of $27.1 million or 8% compared to $341.3 million in 2024[177] - Research and development expenses increased by $1.7 million for the nine months ended September 30, 2025, compared to the same period in 2024, totaling $66.1 million[177] - Selling, general, and administrative expenses rose by $25.3 million for the nine months ended September 30, 2025, primarily due to a $16.5 million increase in employee-related expenses[178] Cash Flow and Financial Position - Cash and cash equivalents decreased to $180.1 million at September 30, 2025, down from $369.2 million at December 31, 2024[183] - The company had $350.0 million available under the Current Revolving Credit Facility as of September 30, 2025, with no outstanding balance[187] - Net cash provided by operating activities was $96.9 million for the nine months ended September 30, 2025, compared to $131.4 million for the same period in 2024, reflecting a decrease of 26.2%[198][200] - Net cash used in investing activities was $45.9 million for the nine months ended September 30, 2025, consisting of $32.7 million for capital expenditures and $13.2 million for software development costs[201] - Net cash used in financing activities was $227.4 million for the nine months ended September 30, 2025, primarily due to the repayment of $175.0 million in 2025 Notes and share repurchases of $77.6 million[203] Market Trends and Projections - The U.S. spent $806 billion on prescription drugs in 2024, reflecting a 10.2% increase from 2023[147] - Specialty medications are projected to account for nearly 60% of U.S. total spending on medications, estimated at approximately $420 billion by 2025[157] - Retail pharmacies are expected to fill 4.98 billion prescriptions in 2025, growing at a compound annual growth rate of around 7.1%[157] - The company anticipates continued demand for automation in Central Pharmacy and IV Compounding, enhancing patient safety and reducing costs[157] Operational Strategy and Development - Omnicell has transitioned to using product bookings and Annual Recurring Revenue (ARR) as key performance metrics starting in 2025[140] - ARR includes expected revenue from all customers using Omnicell's products or services, with a high probability of renewal based on historical experience[143] - Omnicell is focused on addressing challenges in medication management through significant investments in research and development[149] - The company aims to deliver solutions that drive positive medication management outcomes and enhance customer experience across four market categories[149] - Omnicell's business has expanded from a single-point solution to a comprehensive platform, resulting in larger deal sizes and more enduring customer relationships[138] - Omnicell's solutions are designed to improve operational efficiencies and target zero-error medication management[136] Risk Management and Financial Obligations - The company is committed to mitigating the impact of tariffs through dual-sourcing of components and nearshoring manufacturing[139] - International sales represented 10% of total revenues for the three months ended September 30, 2025, and are subject to foreign currency exchange rate fluctuations[158] - The provision for income taxes for the nine months ended September 30, 2025, was $6.5 million, compared to $5.3 million for the same period in 2024, reflecting a 23% increase[180] - Total contractual obligations as of September 30, 2025, amounted to $358.8 million, with $86.5 million due in the remainder of 2025[206] - The company did not have any outstanding foreign exchange forward contracts as of September 30, 2025, to manage currency risk[208] - There were no significant changes in market risk exposures during the nine months ended September 30, 2025, compared to the previous year[213] - The company anticipates that existing cash and cash equivalents, along with expected cash flows, will be sufficient to meet cash needs for at least the next twelve months[195]
GLADSTONE LAND(LANDO) - 2025 Q3 - Quarterly Report
2025-11-05 21:03
Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) Maryland 54-1892552 (State or other jurisdicti ...
Gladstone Land(LAND) - 2025 Q3 - Quarterly Report
2025-11-05 21:03
Company Overview - The company owns 148 farms totaling 100,323 acres across 15 states in the U.S., with 55,532 acre-feet of water assets in California[131]. - The company has 93 farms leased on a pure triple-net basis, while 42 farms are on a partial-net basis, and 4 farms are directly operated[137]. - The company has 101 leases expiring by September 30, 2025, covering 100,323 acres, with lease revenue from these expiring leases totaling $46.835 million[139]. - The company is exploring options for lease expirations, including negotiating terms with existing tenants and considering sale options[139]. - The company currently operates in a selective credit environment, limiting its ability to pursue new farmland acquisitions despite improved financing conditions[141]. Financial Performance - For the nine months ended September 30, 2025, total lease revenue was $46.835 million, a decrease from $63.667 million for the same period in 2024, representing a decline of approximately 26.5%[136]. - California farms account for 34.7% of total acres and 61.5% of total lease revenue, with lease revenue decreasing from $43.331 million in 2024 to $28.783 million in 2025[136]. - Total operating revenues for the three months ended September 30, 2025, decreased by $4.786 million, or 21.2%, to $17.785 million compared to $22.571 million in 2024[170]. - Operating income for the nine months ended September 30, 2025, decreased by $14.042 million, or 63.8%, to $7.955 million compared to $21.997 million in 2024[170]. - For the three months ended September 30, 2025, operating income decreased by 34.6% to $4.493 million compared to $6.872 million in the same period of 2024[190]. - Net income attributable to common stockholders for the three months ended September 30, 2025, was $2.087 million, a significant increase of 34,683.3% compared to $6,000 in the same period of 2024[190]. - The company recorded a net capital gain of approximately $21.6 million from the sale of farms during the nine months ended September 30, 2025, compared to a net gain of approximately $10.4 million in the same period of 2024[195]. Lease and Revenue Changes - Fixed lease payments for the three months ended September 30, 2025, decreased by $6.635 million, or 35.1%, to $12.278 million compared to $18.913 million in 2024[170]. - Total lease revenues for the nine months ended September 30, 2025, decreased by $16.832 million, or 26.4%, to $46.835 million compared to $63.667 million in 2024[172]. - Lease termination income for the nine months ended September 30, 2025, was recognized at $2.380 million, which was not present in 2024[172]. - Participation rents for the three months ended September 30, 2025, increased by $1.852 million, or 52.7%, to $5.364 million compared to $3.512 million in 2024[172]. Expenses and Impairments - Property operating expenses for the nine months ended September 30, 2025, increased by $277,000, or 8.0%, to $3.753 million compared to $3.476 million in 2024[180]. - Impairment charges for the three months ended September 30, 2025, decreased by $1.790 million, or 85.0%, to $316,000 compared to $2.106 million in 2024[170]. - The company recognized an impairment charge of approximately $316,000 on one property during the three months ended September 30, 2025, compared to an aggregate impairment charge of approximately $2.1 million in the same period of 2024[189]. Market Conditions - The consumer price index (CPI) rose at an annual rate of 3.0% through September 30, 2025, with food prices increasing by 3.1% over the same period[140]. - Nationwide farm real estate values increased by 4.3% year-over-year, while cropland values rose by 4.7%[140]. - Almond prices are currently 15% to 25% higher year-over-year due to lower-than-expected production for 2025, contributing to upward pricing pressure[144]. - Current pistachio prices for the 2024 crop are approximately 13% to 18% higher than the prior year, with demand particularly strong in international markets[145]. Debt and Liquidity - Over 99.9% of the company's borrowings are at fixed rates, with an effective interest rate of 3.39% for another 3.0 years, insulating the debt portfolio from interest rate volatility[142]. - The company’s current available liquidity is approximately $171.6 million, consisting of $25.2 million in cash and approximately $146.3 million available under its credit facility[198]. - Interest expense decreased by 10.2% to $4.850 million for the three months ended September 30, 2025, compared to $5.402 million in the same period of 2024[190]. - The company expects its current and short-term cash resources to be sufficient for servicing debt, funding operating costs, and paying dividends on preferred securities[202]. - The company plans to utilize a significant portion of future liquidity to acquire additional farms and farm-related assets, subject to due diligence[203]. Stock and Capital Management - The company has entered into an ATM Program allowing for the issuance of up to $500.0 million in common stock, with gross proceeds of $10.0 million from the sale of 1,082,175 shares[156]. - The company has issued approximately $4.4 million of Series E Preferred Stock and $16.9 million of common stock under the 2023 Registration Statement[216]. Future Expectations - The 2025-2026 water year has started favorably with above-average rainfall, leading to expectations of surface water allocations between 30% to 50%[148]. - The company aims to limit the impact of interest rate changes on earnings and cash flows by primarily borrowing at fixed rates[231].
United Insurance(ACIC) - 2025 Q3 - Quarterly Results
2025-11-05 21:03
Exhibit 99.1 FOR IMMEDIATE RELEASE AMERICAN COASTAL INSURANCE CORPORATION REPORTS FINANCIAL RESULTS FOR ITS THIRD QUARTER ENDED SEPTEMBER 30, 2025 Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 5, 2025 The information in this press release should be read in conjunction with an earnings presentation that is available on the Company's website at investors.amcoastal.com/events-and-presentations. St. Petersburg, FL - November 5, 2025: American Coastal Insurance Corporation (Nasdaq: ACIC) ...
UNITED INSURANCE(UIHC) - 2025 Q3 - Quarterly Results
2025-11-05 21:03
Exhibit 99.1 FOR IMMEDIATE RELEASE AMERICAN COASTAL INSURANCE CORPORATION REPORTS FINANCIAL RESULTS FOR ITS THIRD QUARTER ENDED SEPTEMBER 30, 2025 Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 5, 2025 The information in this press release should be read in conjunction with an earnings presentation that is available on the Company's website at investors.amcoastal.com/events-and-presentations. St. Petersburg, FL - November 5, 2025: American Coastal Insurance Corporation (Nasdaq: ACIC) ...