Core Insights - Dropbox (DBX) reported fourth-quarter 2025 non-GAAP earnings of 68 cents per share, exceeding the Zacks Consensus Estimate by 2.52% but down 6.8% year over year [1] - Revenues for the quarter were $636.2 million, a decline of 1.1% year over year, yet surpassing the consensus mark by 1.39% [1] - Total annual recurring revenues (ARR) were $2.53 billion, down 1.9% year over year [1] Financial Performance - Dropbox had 18.08 million paying users at the end of Q4 2025, a decrease from 18.22 million in the same quarter last year [3] - The average revenue per paying user was $139.68, slightly down from $140.06 year over year [3] - Non-GAAP gross margin for the quarter was 80.8%, a decrease of 230 basis points year over year [3] - Non-GAAP research and development expenses were $130.9 million, down 8.1% year over year [4] - Non-GAAP sales and marketing expenses decreased 13.2% year over year to $92.8 million [4] - Non-GAAP general and administrative expenses decreased 0.8% year over year to $47.6 million [4] - The company reported a non-GAAP operating margin of 38.2%, an increase of 130 basis points year over year [4] Balance Sheet & Cash Flow - As of December 31, 2025, Dropbox had cash, cash equivalents, and short-term investments totaling $1.04 billion, up from $925.3 million as of September 30 [5] - Cash generated by operating activities was $235.4 million in the reported quarter, down from $302.1 million in the previous quarter [5] - Free cash flow for the quarter was $224.9 million, compared to $293.7 million in the previous quarter [5] - The company repurchased 14 million shares for $415 million, with $1.17 billion remaining under existing share repurchase authorizations [6] Guidance - For Q1 2026, Dropbox expects revenues between $618 million and $621 million, with constant currency revenues anticipated between $610 million and $613 million [7] - The non-GAAP operating margin is expected to be 38% for Q1 2026 [7] - For the full year 2026, revenues are projected to be between $2.485 billion and $2.5 billion, with constant currency revenues expected between $2.458 billion and $2.473 billion [7] - The company anticipates a gross margin of 81.5-82% for the year and a non-GAAP operating margin of 39-39.5% [9] - Unlevered free cash flow is expected to be $1.04 billion or above, with capital expenditures between $20 million and $25 million [9]

Supplemental Financial Tables Q4 2025 February 2026 ©2026 Carvana, LLC Supplemental Financial Tables ©2023 Carvana, LLC Confidential Document © 2026 Carvana, LLC 2 Quarterly Units | | Q12023 Q22023 Q32023 Q42023 Q12024 Q22024 Q32024 Q42024 Q12025 Q22025 Q32025 Q42025 | | --- | --- | | Retail units sold | 79,240 76,530 80,987 76,090 91,878 101,440 108,651 114,379 133,898 143,280 155,941 163,522 | | Wholesale vehicle units sold | 35,110 46,453 40,886 34,096 44,155 50,368 56,487 48,770 63,454 72,770 80,369 81, ...

Exhibit 99.2 ____ . Forward-Looking Statements These earnings supplemental materials contain forward-looking statements including, but not limited to, statements about management's plans, goals, expectations, and guidance and assumptions with respect to future financial performance of the Company. Any statements in these supplemental materials that are not statements of historical facts are forward-looking statements. When used in these supplemental materials, the words "anticipate," "believe," "continue," ...

Core Viewpoint - Landmark Bancorp held its Q4 and Full Year 2025 Earnings Conference Call, introducing new leadership and discussing financial performance and future outlook [1]. Group 1: Leadership and Management - Shelley Reed, who joined Landmark in August 2025, hosted the earnings call [1]. - The executive leadership team present included President and CEO Abby Wendel, CFO Mark Herpich, and Chief Credit Officer Raymond McLanahan [1]. Group 2: Financial Performance - The call focused on the financial results for the fourth quarter and the full year of 2025, although specific figures were not disclosed in the provided text [1]. Group 3: Forward-Looking Statements - The company made forward-looking statements regarding projections and future performance, emphasizing the inherent risks and uncertainties associated with such statements [2]. - Landmark cautioned against placing undue reliance on these forward-looking statements, noting that actual results may differ materially [2]. Group 4: Non-GAAP Financial Metrics - The remarks included references to non-GAAP financial metrics, which the company believes provide useful information to investors [3]. - Additional disclosures regarding these non-GAAP measures and their reconciliations were mentioned as part of the earnings release and SEC filings [3].

Perimeter Solutions MMT Acquisition Call December 11, 2025 Disclaimer Certain statements in this presentation and discussion are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on Perimeter Solutions, Inc.'s (the "Company") expectations, intentions and projections regarding the Company's future performance, anticipated events or trends and other matters that are not historical facts. Words such as "anticipate," "estimate," "seek," "expect," ...

Group 1 - Instacart's CFO, Emily, has been with the company for two years, previously working at Uber [1] - The presentation is part of the Morgan Stanley NASDAQ TMT Conference, indicating a focus on technology, media, and telecommunications sectors [1] - Forward-looking statements made by Instacart may involve risks and uncertainties that could lead to actual results differing from expectations [3] Group 2 - Instacart may reference non-GAAP financial metrics during the presentation, with reconciliations available in shareholder letters on their Investor Relations website [4]

Financial Metrics Definitions - The report defines Non-GAAP Gross Profit, Non-GAAP SG&A Expense, and Adjusted EBITDA as key metrics, clarifying their calculation methods involving depreciation, amortization, share-based compensation, and Root warrant revenue adjustments[3, 4, 5, 6] - Adjusted EBITDA is calculated as Non-GAAP Gross Profit minus Non-GAAP SG&A Expense[7] Unit Sales Performance - Retail units sold increased significantly over the quarters, reaching 155,941 in Q3 2025[8] - Wholesale vehicle units sold also grew, totaling 80,369 in Q3 2025[8] - Wholesale marketplace units transacted reached 260,805 in Q3 2025[8] GPU Analysis (Q3 2024 vs Q3 2025) - Total GAAP GPU decreased by $65, from $7,427 to $7,362[9] - Retail Non-GAAP GPU decreased by $77, from $3,617 to $3,540, driven by higher retail depreciation rates[9] - Wholesale marketplace Non-GAAP GPU decreased by $142, from $552 to $410, influenced by an 11% increase in wholesale marketplace units transacted offset by 44% retail units sold growth[9] - Other Non-GAAP GPU increased by $63, from $2,945 to $3,008, due to improvements in cost of funds and higher finance and VSC attach rates, partially offset by higher than normalized loan sales relative to originations in Q3 2024[9] - Total Non-GAAP GPU decreased by $182, from $7,685 to $7,503[9] SG&A Expense per Unit Analysis (Q3 2024 vs Q3 2025) - Total GAAP SG&A Expense per Unit decreased by $501, from $4,317 to $3,816[9] - Carvana Operations SG&A per unit decreased by $96, from $1,731 to $1,635, due to continued operations efficiencies[9] - Wholesale marketplace Operations SG&A per unit decreased by $48, from $138 to $90, driven by cost leverage on retail units sold growth[9] - Overhead SG&A per unit decreased by $314, from $1,353 to $1,039, also due to cost leverage on retail units sold growth[9] - Advertising SG&A per unit increased by $138, from $516 to $654, reflecting increased advertising spend[9] - Total Non-GAAP SG&A Expense per Unit decreased by $319, from $3,737 to $3,418[9]

Group 1 - Instacart is represented by its new CEO, Chris Rogers, at the Communacopia Technology Conference [1] - The presentation includes forward-looking statements that involve risks and uncertainties, which may lead to actual results differing from expectations [2] - Instacart's recent Form 10-Q discusses risk factors that could impact actual results, and non-GAAP financial metrics will be referenced during the presentation [3]

Core Insights - Bowman Consulting Group Ltd. reported strong financial results for the second quarter of 2025, highlighting significant growth and strategic progress driven by high demand in core verticals such as transportation, renewables, and energy transmission [2][3][11]. Financial Performance - Gross contract revenue for Q2 2025 was $122.1 million, a 17% increase from $104.5 million in Q2 2024 [7]. - Net service billing reached $108.0 million, up 15% from $94.0 million year-over-year [7]. - Adjusted EBITDA for Q2 2025 was $20.2 million, reflecting a 50.7% increase from $13.4 million in Q2 2024 [7]. - The adjusted EBITDA margin improved to 18.7%, a 440-basis point increase from 14.3% in the previous year [7]. - Net income for Q2 2025 was $6.0 million, compared to a net loss of $2.1 million in Q2 2024 [7]. Year-to-Date Performance - For the first six months of 2025, gross contract revenue was $235.0 million, an 18% increase from $199.4 million in the same period of 2024 [7]. - Net service billing for the first half of 2025 was $208.1 million, a 16% increase from $179.7 million [7]. - Adjusted EBITDA for the first six months was $34.7 million, a 36.1% increase from $25.5 million [7]. - The adjusted EBITDA margin for the first half improved to 16.7%, up 250 basis points from 14.2% [7]. Backlog and Future Outlook - The gross backlog increased to $438.2 million, a 24.7% rise from $351.4 million year-over-year [7]. - The company anticipates net revenue for fiscal year 2025 to be between $430 million and $442 million, with adjusted EBITDA expected to be between $71 million and $77 million [11]. Stock Repurchase and Capital Management - During Q2 2025, Bowman repurchased $6.7 million of common stock, with an average price of approximately $22.19 per share [8]. - A new share repurchase program was authorized, allowing for the repurchase of up to $25 million of common stock over a 12-month period starting June 9, 2025 [9]. Adjusted Earnings Per Share - For Q2 2025, the basic adjusted earnings per share (non-GAAP) was $0.56, compared to a loss of $0.03 in Q2 2024 [10]. - For the first half of 2025, the diluted adjusted earnings per share was $0.62, up from $0.16 in the same period of 2024 [10].

Financial Metrics Definitions - The report defines Non-GAAP Gross Profit, Non-GAAP SG&A Expense, and Adjusted EBITDA as key metrics for understanding the business[3] - Adjusted EBITDA is calculated as Non-GAAP Gross Profit minus Non-GAAP SG&A Expense[7] Unit Sales Performance - Retail units sold increased from 108,651 in Q2 2024 to 143,280 in Q2 2025[8] - Wholesale vehicle units sold increased from 50,368 in Q1 2024 to 72,770 in Q2 2025[8] - Wholesale marketplace units transacted increased from 234,361 in Q2 2024 to 258,756 in Q2 2025[8] Gross Profit per Unit (GPU) Analysis - Total GPU (GAAP) increased from $7,049 in Q2 2024 to $7,426 in Q2 2025, a $377 increase[9] - Retail GPU (Non-GAAP) increased from $3,539 in Q2 2024 to $3,734 in Q2 2025, a $195 increase, driven by lower recon and inbound costs and tariff-related effects[9] - Wholesale vehicle GPU (Non-GAAP) increased from $483 in Q2 2024 to $558 in Q2 2025, a $75 increase, due to lower wholesale depreciation rates and higher wholesale units volume[9] - Wholesale marketplace GPU (Non-GAAP) decreased from $621 in Q2 2024 to $461 in Q2 2025, a $160 decrease, despite a 5% increase in wholesale marketplace units transacted, offset by 41% retail units sold[9] - Other GPU (Non-GAAP) increased from $2,701 in Q2 2024 to $2,827 in Q2 2025, a $126 increase, due to improvements in cost of funds offset by lower sell through rate and higher VSC attach rate[9] SG&A Expense per Unit Analysis - Total SG&A Expense per Unit (GAAP) decreased from $4,485 in Q2 2024 to $3,846 in Q2 2025, a $639 decrease[9] - Total SG&A Expense per Unit (Non-GAAP) decreased from $3,845 in Q2 2024 to $3,385 in Q2 2025, a $460 decrease[9] - Carvana Operations SG&A per unit decreased by $147 from Q2 2024 to Q2 2025 due to continued operations efficiencies[9] - Wholesale marketplace Operations SG&A per unit decreased by $29 from Q2 2024 to Q2 2025 due to cost leverage on retail units sold growth[9] - Overhead SG&A per unit decreased by $328 from Q2 2024 to Q2 2025 due to cost leverage on retail units sold growth[9] - Advertising SG&A per unit increased by $44 from Q2 2024 to Q2 2025 due to increased advertising spend[9]