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Enact (ACT) - 2025 Q4 - Annual Results
2026-02-03 21:22
This Share Repurchase Agreement (this "Agreement") is made and entered into as of February 2, 2026, by and between Enact Holdings, Inc., a Delaware corporation (the "Company"), and Genworth Holdings, Inc., a Delaware corporation (the "Genworth"). RECITALS WHEREAS, Genworth owns 114,588,830 shares (the "Shares") of the Common Stock, par value $0.01 per share, of the Company (the "Common Stock"), representing approximately 81% of the outstanding shares of Common Stock; WHEREAS, the Company's Board of Director ...
Artisan Partners(APAM) - 2025 Q4 - Annual Results
2026-02-03 21:20
Financial Performance - Artisan Partners reported a revenue increase of 8% in 2025 compared to 2024, reaching $1,196.7 million[10]. - Adjusted operating income rose by 12% to $422.6 million, with an adjusted operating margin of 35.3%[10]. - Total revenues for the three months ended December 31, 2025, were $335.5 million, an increase from $301.3 million in the previous quarter and $297.0 million year-over-year[33]. - Management fees from Artisan Funds & Artisan Global Funds reached $195.0 million, up from $192.5 million in the previous quarter and $178.4 million year-over-year[33]. - Performance fees for the quarter were $29.1 million, compared to $14.7 million in the same quarter last year[33]. - Operating income for the three months ended December 31, 2025, was $131.5 million, an increase from $101.8 million in the previous quarter and $109.1 million year-over-year[33]. - Net income attributable to Artisan Partners Asset Management Inc. was $94.8 million, compared to $66.8 million in the previous quarter and $69.7 million year-over-year[33]. - Basic earnings per share for Class A common shares were $1.32, up from $0.93 in the previous quarter and $0.97 year-over-year[33]. - Total operating expenses for the quarter were $204.0 million, compared to $199.5 million in the previous quarter and $187.9 million year-over-year[33]. - Adjusted net income (Non-GAAP) for Q4 2025 was $102.2 million, compared to $82.7 million in Q3 2025, reflecting a 23.5% growth[35]. - Adjusted EBITDA (Non-GAAP) for Q4 2025 reached $139.9 million, an increase from $114.4 million in Q3 2025, marking a 22.3% rise[35]. - Operating income (GAAP) for Q4 2025 was $131.5 million, compared to $101.8 million in Q3 2025, indicating a 29.2% increase[35]. - Adjusted operating margin (Non-GAAP) improved to 40.2% in Q4 2025 from 36.2% in Q3 2025[35]. Assets Under Management (AUM) - The company achieved a 12% growth in assets under management (AUM), totaling $179.9 billion at the end of 2025[10]. - Total assets as of December 31, 2025, were $1,577.3 million, a decrease from $1,618.8 million as of December 31, 2024[44]. - Assets under management decreased to $179.928 billion from $181.306 billion, reflecting a decline of approximately 0.76%[46]. - The average assets under management for the quarter were $180.889 billion, slightly down from the previous quarter's $181.306 billion[46]. - The ending assets under management for the quarter were $161.208 billion, down from $167.840 billion, indicating a decrease of approximately 3.99%[47]. - As of December 31, 2025, Artisan Partners reported total assets under management (AUM) of $179,928 million, an increase from $161,208 million at the end of 2024, representing a growth of approximately 11.6%[54]. - The average AUM for 2025 was reported at $173,004 million, compared to $160,232 million in 2024, indicating a year-over-year increase of about 7.9%[54]. Client Cash Flows - Artisan Partners experienced $12.7 billion in aggregate net outflows, primarily from three growth-oriented equity strategies[5]. - The firm generated net client cash inflows of $3.3 billion, with organic growth at 22%[4]. - Gross client cash inflows totaled $7.703 billion, while gross client cash outflows were $13.333 billion, resulting in a net cash flow of -$5.630 billion[46]. - The company experienced a net client cash flow of -$2.329 billion for the previous quarter, highlighting challenges in client retention[47]. - Gross client cash inflows for the three months ended December 31, 2025, were $7,703 million, compared to $6,084 million for the previous quarter[50]. - Net client cash flows for the three months ended December 31, 2025, were negative at $(5,630) million, reflecting a decrease from $(2,329) million in the prior quarter[50]. - The company reported a total of $39,696 million in gross client cash outflows for the year ended December 31, 2025[52]. Strategic Initiatives - Artisan Partners announced the acquisition of Grandview Property Partners, enhancing its strategic expansion into alternative investments[2]. - The company anticipates continued strong organic growth in 2026, leveraging new capabilities in alternative investments[7]. - Artisan Partners continues to focus on attracting experienced investment professionals to manage client assets across diverse investment strategies[30]. Investment Performance - Six equity strategies outperformed their respective indices by over 500 basis points net of fees in 2025[6]. - The Global Opportunities Strategy had an AUM of $16,537 million with a 1-year return of 10.14% and a 3-year return of 16.73%[57]. - The Non-U.S. Growth Strategy reported an AUM of $15,475 million with a 1-year return of 37.93% and a 3-year return of 21.19%[57]. - The Global Value Strategy had an AUM of $36,280 million, achieving a 1-year return of 35.45% and a 3-year return of 24.71%[57]. - The Sustainable Emerging Markets Strategy had an AUM of $2,537 million with a 1-year return of 43.91%[57]. - Antero Peak Strategy achieved a return of 21.80% since inception on May 1, 2017[59]. - Emerging Markets Local Opportunities Strategy reported a return of 25.39% since inception on August 1, 2022[59]. - Non-U.S. Small-Mid Growth Strategy delivered a return of 19.78% since inception on January 1, 2019[59]. - Global Unconstrained Strategy had a return of 12.79% since inception on April 1, 2022[59]. - Emerging Markets Debt Opportunities Strategy achieved a return of 16.77% since inception on May 1, 2022[59]. - MSCI Emerging Markets Index showed a return of 33.57%[59]. - J.P. Morgan GBI-EM Global Diversified Index reported a return of 19.26%[59]. - Approximately 18% of assets under management are maintained in separate composites due to client-imposed restrictions[59].
eGain(EGAN) - 2026 Q2 - Quarterly Results
2026-02-03 21:19
Exhibit 99.1 eGain Announces Second Quarter 2026 Financial Results AI Knowledge Hub ARR Increases 27% Year Over Year ● Total revenue was $23.0 million, up 3% year over year. ● AI Knowledge Hub annual recurring revenue grew 27% year over year to $48.4 million, contributing 64% of total SaaS annual recurring revenue. ● GAAP gross margin was 73%, compared to 70% in Q2 fiscal 2025. ● Non-GAAP gross margin was 74%, up from 71% in Q2 fiscal 2025. ● GAAP net income was $2.3 million, or $0.09 per share on a basic b ...
Gladstone Investment(GAIN) - 2026 Q3 - Quarterly Results
2026-02-03 21:19
Financial Performance - Total investment income for Q3 2025 was $25.1 million, a decrease of 0.9% from $25.3 million in Q2 2025[2] - Net investment loss for Q3 2025 was $6.5 million, or $0.16 per weighted-average common share, compared to a net investment income of $4.3 million, or $0.11 per share in Q2 2025[3] - Total expenses for Q3 2025 increased by 50.3% to $31.6 million from $21.0 million in Q2 2025, primarily due to a $9.9 million rise in accruals for capital gains-based incentive fees[5] - Net unrealized appreciation of investments was $70.2 million, contributing to a net increase in net assets resulting from operations of $65.9 million, a 129.5% increase from $28.7 million in Q2 2025[2] - Net asset value per common share rose to $14.95, up 10.5% from $13.53 in Q2 2025, driven by net unrealized appreciation and realized gains[7] - Total distributable earnings for Q3 2025 were $108.7 million, a significant increase of 108.0% from $52.2 million in Q2 2025[2] - Estimated spillover per common share decreased to $0.58 from $0.64 in Q2 2025, reflecting a 9.4% decline[2] Investment Activities - The company invested $33.1 million in a new portfolio company, Rowan Energy Inc., during the quarter[6] - The company sold 230,930 shares under its ATM program at a weighted-average gross price of $14.03 per share, raising approximately $3.2 million in net proceeds[6] - The company issued 6.875% Notes due 2028 with a total principal amount of $60.0 million and amended its credit facility to increase the size from $270.0 million to $300.0 million[6] Corporate Communications - The Company will hold its earnings release conference call on February 4, 2026, at 8:30 a.m. Eastern Time[11] - In January 2026, the Board of Directors declared monthly distributions to common stockholders[12] - A paper copy of the Quarterly Report on Form 10-Q is available for review, detailing financial information for the quarter ended December 31, 2025[14] - The Company provides investor relations inquiries through its dedicated website and phone number[15] Business Focus - Gladstone Investment Corporation focuses on secured debt and equity investments in lower middle market businesses in the U.S.[13] Forward-Looking Statements - Forward-looking statements regarding potential future distributions and earnings involve risks and uncertainties[16]
Hamilton Lane(HLNE) - 2026 Q3 - Quarterly Report
2026-02-03 21:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ Commission File Number 001-38021 HAMILTON LANE INCORPORATED (Exact name of registrant as specified in its chart ...
Aviat Networks(AVNW) - 2026 Q2 - Quarterly Report
2026-02-03 21:17
Revenue Performance - Total revenue for the second quarter of fiscal 2026 decreased by $6.7 million, or 5.7%, compared to the same period in fiscal 2025, while total revenue for the first six months increased by $12.2 million, or 5.9%[106] - Revenue in North America decreased by $5.1 million, or 8.7%, in the second quarter, but increased by $5.4 million, or 5.4%, in the first six months of fiscal 2026 compared to fiscal 2025[106] - Revenue in Africa and the Middle East increased by $2.0 million, or 15.4%, in the second quarter and by $4.3 million, or 18.6%, in the first six months of fiscal 2026 compared to fiscal 2025[107] - Revenue in Europe increased by $3.1 million, or 36.9%, in the second quarter and by $5.0 million, or 36.1%, in the first six months of fiscal 2026 compared to fiscal 2025[108] - Revenue in Latin America and Asia Pacific decreased by $6.7 million, or 17.1%, in the second quarter and by $2.5 million, or 3.6%, in the first six months of fiscal 2026 compared to fiscal 2025[109] Gross Margin and Expenses - Gross margin for the second quarter of fiscal 2026 decreased by $4.8 million, or 11.7%, compared to the same quarter in fiscal 2025, while gross margin for the first six months increased by $11.1 million, or 18.3%[111] - Research and development expenses decreased by $3.8 million, or 37.3%, in the second quarter and by $7.1 million, or 34.5%, in the first six months of fiscal 2026 compared to fiscal 2025[112] - Selling and administrative expenses increased by $1.1 million (5.2%) for Q2 fiscal 2026 compared to Q2 fiscal 2025, primarily due to higher administrative costs[113] Interest and Other Financial Metrics - Interest expense, net increased by $0.3 million (20.8%) for Q2 fiscal 2026 and by $0.9 million (34.3%) for the first six months, mainly due to incremental Term Loan borrowings[114] - Other (income) expense, net decreased by $3.0 million (1,120.1%) for Q2 fiscal 2026 and by $2.8 million (280.9%) for the first six months, primarily due to foreign exchange rate movements[115] - Income before income taxes increased by $2.0 million (32.7%) for Q2 fiscal 2026 compared to Q2 fiscal 2025, while the provision for income taxes increased by $0.8 million (47.9%) in the same period[116] Cash Flow and Financing - As of December 26, 2025, the Company had total cash and cash equivalents of $86.5 million, with $33.3 million held in the U.S. and $53.2 million (62%) held outside the U.S.[118] - Net cash provided by operating activities was $12.2 million for the first six months of fiscal 2026, a $18.6 million increase compared to $(6.4) million in the prior year[119] - Net cash used in investing activities was $3.2 million for the first six months of fiscal 2026, a decrease of $20.3 million compared to $23.5 million in the prior year due to the absence of acquisition payments[120] - Net cash provided by financing activities was $17.1 million for the first six months of fiscal 2026, a decrease of $1.5 million compared to $18.6 million in the prior year[121] - The Company had $91.0 million outstanding under its Term Loan as of December 26, 2025, with $20.0 million borrowed and $2.1 million repaid during the first six months of fiscal 2026[124] - A 10% change in interest rates is estimated to have a $0.6 million impact on annual interest expense on the Company's outstanding long-term debt as of December 26, 2025[135] Strategic Initiatives - The company supported 5G and LTE deployments, with a focus on increasing capacity for subscriber growth in both North America and international markets[105] - The company operates an e-commerce platform to provide low-cost services and fast delivery to mobile operators and private network customers[105] - The company aims to mitigate the impact of U.S. tariffs on foreign imports while facing ongoing pricing pressures from competition and macroeconomic conditions[105]
Chubb(CB) - 2025 Q4 - Annual Results
2026-02-03 21:17
Chubb Limited Financial Supplement for the Quarter and Year Ended December 31, 2025 Investor Contact Susan Spivak: (212) 827-4445 email: investorrelations@chubb.com This report is for informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Cautionary Statement Regarding Forward-Looking Statements Any forward-looking statements made ...
Mondelez International(MDLZ) - 2025 Q4 - Annual Results
2026-02-03 21:17
Exhibit 99.1 1-847-943-5678 1-847-943-5454 news@mdlz.com ir@mdlz.com Contacts: Tracey Noe (Media) Shep Dunlap (Investors) Mondelēz International Reports Q4 and FY 2025 Results FY'25 Net Revenues +5.8%, Organic Net Revenues +4.3%, Volume/Mix -3.7% 1 FY'25 Diluted EPS declined -44.7% to $1.89 FY'25 Adjusted EPS was $2.92 down -14.6% on a constant currency basis 1 FY'25 Cash provided by operating activities was $4.5 billion FY'25 Free Cash Flow was $3.2 billion FY'25 Return of capital to shareholders was $4.9 ...
Lumen(LUMN) - 2025 Q4 - Annual Results
2026-02-03 21:17
Lumen Technologies Reports Solid Fourth Quarter and Full Year 2025 Results; Completes AT&T Transaction, Strengthening Balance Sheet and Advancing Enterprise Focus Delivers revenue, Adjusted EBITDA and free cash flow in line with expectations as Lumen sharpens focus on high-value enterprise growth Signs additional $2.5B in PCF contracts and grows NaaS customer base, showing continued momentum on company's return to growth DENVER, Feb. 3, 2026 — Lumen Technologies (NYSE: LUMN) reported results for the fourth ...
AMD(AMD) - 2025 Q4 - Annual Results
2026-02-03 21:16
NEWS RELEASE Media Contact: Phil Hughes AMD Communications 512-865-9697 phil.hughes@amd.com Investor Contact: Liz Stine AMD Investor Relations 720-652-3965 liz.stine@amd.com GAAP Quarterly Financial Results | | Q4 2025 | Q4 2024 | Y/Y | Q3 2025 | Q/Q | | --- | --- | --- | --- | --- | --- | | Revenue ($M) | $10,270 | $7,658 | Up 34% | $9,246 | Up 11% | | Gross profit ($M) | $5,577 | $3,882 | Up 44% | $4,780 | Up 17% | | Gross margin | 54% | 51% | Up 3 ppts | 52% | Up 2 ppts | | Operating expenses ($M) | $3,8 ...