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HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
ConocoPhillips (NYSE:COP): Strong Financials Amid Rising Oil Prices
Financial Modeling Prep· 2026-04-01 01:14
ConocoPhillips' financial metrics reflect its strong market position. The company has a price-to-earnings (P/E) ratio of 19.81, indicating investor confidence in its earnings potential. Its price-to-sales ratio is 2.75, and the enterprise value to sales ratio is 3.03, showing a solid valuation relative to sales. (NYSE:COP) is a major player in the energy sector, focusing on the exploration and production of oil and natural gas. The company is strategically positioned to benefit from rising oil prices, thank ...
NextPlat Corp (NASDAQ:NXPL) Announces 1-for-10 Reverse Stock Split to Regain Nasdaq Compliance
Financial Modeling Prep· 2026-04-01 01:08
NextPlat Corp (NASDAQ:NXPL) is a global consumer products and services company. On April 7, 2026, NXPL will undergo a reverse stock split, exchanging 1 share for every 10 shares. This move is part of the company's strategy to regain compliance with Nasdaq's bid price requirement, as approved by its Board of Directors. The reverse stock split will take effect at 12:01 a.m. Eastern Time on April 6, 2026, with trading on a split- adjusted basis starting the next day. This action will consolidate every 10 share ...
Conagra Brands, Inc. (NYSE:CAG) Earnings Preview: Key Financial Insights and Dividend Commitment
Financial Modeling Prep· 2026-04-01 01:00
EPS and Revenue Decline: Analysts estimate an EPS of $0.40 and revenue of $2.78 billion for the upcoming quarter, representing a 21.6% decline in EPS and a 2.6% decrease in revenue year-over-year. Dividend Stability: Despite earnings challenges, Conagra's Board has approved a $0.35 per share quarterly dividend, highlighting ongoing commitment to shareholder returns. Financial Ratios Signal Caution: Key metrics such as a negative P/E ratio of -76.80 and a current ratio of 0.89 point to profitability and liq ...
Alphabet Inc (NASDAQ:GOOGL) Strengthens AI Video Generation Leadership Amid OpenAI Exit
Financial Modeling Prep· 2026-04-01 00:52
Alphabet's stock surged over 5% after OpenAI discontinued its Sora video generation project, signaling a shift in the competitive landscape. Launch of Veo 3.1 Lite and price reductions for Veo 3.1 Fast highlight Alphabet's commitment to affordable, scalable AI video solutions for developers. Strong financial performance with quarterly revenue growth of 11.3%, gross profit up 11.7%, and operating income up 15.3%, despite a notable increase in debt.(NASDAQ:GOOGL), the parent company of Google, is a major pla ...
Bharti Airtel's Nxtra Data Raises $1 Billion: Global Investors Fuel India's Data Center Boom
Financial Modeling Prep· 2026-04-01 00:41
Nxtra Data, Bharti Airtel's data center arm, secures $1 billion in funding, valuing the company at $3.1 billion.India's data center market is rapidly expanding, with global tech giants and private equity firms investing billions to capitalize on AI-driven demand.Government incentives and projected fivefold growth in data center capacity by 2030 position India as a leading global data center hub.NSE:BHARTIARTL, Bharti Airtel, is a major player in India's telecommunications industry, ranking as the second-lar ...
Apple Inc. (AAPL) at 50: From Near Bankruptcy to $3.7 Trillion AI Powerhouse
Financial Modeling Prep· 2026-04-01 00:36
Apple Inc. (NASDAQ: AAPL) Celebrates 50 Years: From Near Bankruptcy to AI PowerhouseFinancial Strength: In its fiscal Q1 2026 (ended December 27, 2025), Apple generated a record $53.93 billion in cash from operating activities and approximately $51.6 billion in free cash flow. These robust cash flows support heavy investments in AI, silicon development, and shareholder returns.AI Leadership: Apple’s tight control over its hardware-software ecosystem positions it well for artificial intelligence. Analysts, i ...
Charlotte's Web (CWEB) Q4 2025 Earnings: Revenue Beat, Wider Loss, Major BAT Deal
Financial Modeling Prep· 2026-03-31 23:02
Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTC: CWBHF) Q4 2025 Earnings: Revenue Beats, Wider Net Loss, Major BAT Strategic TransactionRevenue Beat: Reported Q4 revenue of $13.3 million, exceeding the estimated ~$12.3 million and up 4.7% year-over-year.EPS Miss: GAAP EPS of -$0.07 (basic and diluted), missing the consensus estimate of approximately -$0.03 to -$0.04.Strategic BAT Transaction: Agreement for conversion of C$75.3 million convertible debenture (plus accrued interest) into common shares and a ne ...
J.Jill (NYSE:JILL) Q4 2025 Earnings: Revenue and EPS Miss, Dividend Increased
Financial Modeling Prep· 2026-03-31 22:00
J.Jill, Inc. (NYSE:JILL) Q4 2025 Earnings: Revenue Misses Estimates, EPS Misses, Dividend RaisedRevenue Below Estimates: J.Jill reported $138.41 million in net sales for the fourth quarter, falling short of the consensus estimate of approximately $142.33 million.Profitability Challenges: The company posted a GAAP EPS loss and a net loss of $3.5 million. Adjusted EPS was around a $0.02 loss. Operating performance was pressured by tariffs, promotions, and a tough retail environment.Dividend Increase: The quar ...
Nuvve (NVVE) - 2025 Q4 - Earnings Call Transcript
2026-03-31 22:00
Nuvve (NasdaqCM:NVVE) Q4 2025 Earnings call March 31, 2026 05:00 PM ET Speaker2Please note this event is being recorded. On today's call are Gregory Poilasne, Chief Executive Officer, and David Robson, Chief Financial Officer of Nuvve. Earlier today, Nuvve issued a press release announcing its Q4 2025 and FY 2025. Following prepared remarks, we will open up the call for questions. Before we begin, I would like to remind you that this call may contain forward-looking statements. While these forward-looking s ...