Earnings Supplement Q4 and Full Year 2025 Fourth Quarter and Full Year 2025 Financial Highlights Q4 2025 Q4 2024 Revenue $19.3 million $(56.9) million Adj. EBITDA1 $2.8 million $(75.9) million Total Certs 19,308 26,065 2025 2024 Revenue $93.2 million $24.0 million Adj. EBITDA1 $15.6 million $(55.0) million Total Certs 97,348 110,652 Quarterly Results Annual Results (1) See reconciliation of GAAP to non-GAAP financial measures on slide 9. 2 Loan Origination Performance by Quarter & Channel 21,078 22,038 21,8 ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A Delaware federal court judge ruled in favor of Edelman Financial Engines, granting a temporary restraining order, in part, that prohibits two former Edelman advisors (now at Prime Capital Financial) from using confidential information and soliciting the RIA’s former clients. But U.S. District Judge Maryellen Noreika denied Edelman’s order to enforce the non-acceptance provision in the two advis ...

Core Viewpoint - BRC Group Holdings, Inc. is executing a series of transactions to reduce its outstanding debt by approximately $37.9 million through the cancellation of senior notes and the issuance of common stock [1][2][4]. Group 1: Debt Transactions - The company will cancel 1,343,551 units of its publicly-traded senior notes in exchange for 4,201,300 shares of common stock at an average price of $7.0933 per share [1]. - Additionally, BRC repurchased 171,703 units of its 5.0% senior notes due 2026 for about $4.0 million in cash, leading to the elimination of these notes [2]. - On March 30, 2026, the company plans to redeem its 5.50% Senior Notes due 2026, totaling approximately $96 million [3]. Group 2: Financial Reporting - The company is expected to release its Fourth Quarter and Full Year 2025 financial results by March 31, 2026 [1]. - Due to the onboarding of a new auditor, the company requires additional time to complete its 2025 Annual Report, which will be filed by the extended deadline of March 31, 2026 [5].

Core Insights - Atlanticus Holdings Corporation reported a fourth quarter net income of $32.8 million, or $1.75 per diluted share, marking a 24.9% increase compared to the previous year [5][20] - The company achieved total operating revenue and other income of $734.4 million, a significant increase of 107.9% year-over-year, primarily driven by the acquisition of Mercury Financial [4][11] - Managed receivables rose by 155.2% to $7.0 billion, with $3.2 billion attributed to the Mercury brand, indicating strong growth in both private label credit and general purpose credit card products [5][7] Financial Results - Total operating revenue and other income for Q4 2025 was $734,375,000, compared to $353,186,000 in Q4 2024, reflecting a 107.9% increase [4][11] - Net income attributable to common shareholders increased to $32,829,000 from $26,291,000, a rise of 24.9% [20][31] - Return on average equity was reported at 22.1% for the quarter [5] Managed Receivables - Managed receivables increased by 155.2% to $7.0 billion, with $3.2 billion linked to the Mercury acquisition [5][7] - Excluding Mercury, managed receivables grew by $1.0 billion, a 37.2% increase from the previous year [7] - Total accounts served increased by 59.9% to 5.9 million, including 1.3 million accounts from Mercury [7] Operating Expenses - Total operating expenses rose by 67.1% to $129,631,000, driven by the Mercury acquisition and increased marketing costs [16][31] - Interest expense for the quarter was $125,225,000, up from $44,670,000, primarily due to increased debt levels [12][31] - Changes in fair value of loans resulted in a loss of $431,082,000, compared to a loss of $184,310,000 in the previous year [14][31] Shareholder Returns - The company repurchased and retired 294,320 shares of common stock during the quarter [21] - The long-term focus remains on delivering attractive returns for shareholders, with expectations of maintaining returns on shareholder capital of 20% or more [4][3]

Core Viewpoint - The American Century U.S. Quality Value ETF (VALQ) is positioned to succeed amid rising global volatility, with its recent index changes indicating a strategic outlook on market conditions [1] Fund Overview - VALQ was launched in 2018 and charges a fee of 29 basis points to track the American Century U.S. Quality Value Index [1] - The fund has achieved a long-term return of 9.7%, outperforming the five-year average of the large-cap value equities category [1] - The index focuses on screening stocks for quality, value, and income, aiming to create a portfolio that balances income generation with significant value opportunities [1] Rebalance Changes - At the end of February, the index increased the weights of five stocks and decreased the weights of five others, without adding or dropping any constituents [1] - United Parcel Service, Inc. (UPS) experienced the largest weight increase, rising from 0.18% to 1.44% [1] - Paychex (PAYX) and Altria Group (MO) also saw significant increases, with weights growing to 1.5% and 1.25%, respectively [1] - The largest decrease was for Goldman Sachs Group (GS), which fell from 1.59% to 0.17% [1] - Alphabet, Inc. (GOOGL) also saw a notable decrease, dropping from 1.53% to 0.13% [1] - Four of the five stocks that decreased in weight fell to 0.25% or less, including Honeywell International (HON) and Walmart Inc. (WMT) [1] Market Implications - The reduction in exposure to major technology stocks and some consumer discretionary stocks may reflect concerns about broader economic conditions [1] - VALQ could be a noteworthy option for investors seeking value ETF opportunities in the current market landscape [1]

Economic Overview - The overall state of the economy is stable, with jobless claims remaining low and in line with expectations, indicating no major concerns [3] - Inflation continues to be a focus, with recent CPI data showing persistent inflationary pressures [3][4] Market Focus - Current market attention is primarily on the outlook for oil prices and geopolitical developments in the Middle East, which could impact market risks [4][5] - Higher oil prices could lead to increased inflation, potentially resulting in higher long-term bond yields [6] Bond Market Insights - Inflation expectations are elevated, particularly in the short end of the curve, as indicated by TIPS break-even rates [7] - Long-term yields are expected to remain range-bound, with a potential low around 4% for the near-term cycle [8] - Global bond markets are experiencing yield spikes, with significant movements observed in the UK, Germany, and Australia [9] Investment Strategy - Higher bond yields may provide better entry points for investors, as the initial yield is a key contributor to total returns in fixed income [11] - Despite the potential for rising yields to deter total returns, fixed income remains an attractive option for portfolio diversification [13] - Conservative investment strategies are recommended, focusing on treasuries, mortgage-backed securities, TIPS, investment-grade corporate bonds, and investment-grade munis [13]

Bangladesh has been a global leader in financial inclusion through microcredit and Mobile Financial Services (MFS). Millions of people now have access to loans and digital wallets. However, having access to financial services does not always mean people are financially empowered. The talk compares two women: Sheila, a young online entrepreneur who benefits from digital finance, and her mother, who is stuck in a cycle of microcredit debt. This shows that many people still lack financial knowledge and proper ...

Core Viewpoint - SoFi Technologies (SOFI) stock has significantly declined, currently trading below $20, down 46% from its 52-week high of $32.73, raising questions about its ability to recover above $30 [2][6]. Group 1: Stock Performance - SOFI stock is currently down 46% from its 52-week high of $32.73 and has underperformed this year [2]. - The stock was characterized as ripe for correction due to stretched valuations last year [6]. Group 2: Capital Raising and Market Sentiment - SoFi raised $1.5 billion in early December by pricing shares at $27.50, which was a discount to the prevailing stock price at that time, but this decision is viewed as wise for future growth [6]. - The selloff in SoFi's stock can also be linked to negative sentiments towards cryptocurrency, especially after the relaunch of its cryptocurrency trading business in November, which coincided with a weak digital asset market [7]. Group 3: Earnings and Market Conditions - Despite posting strong fourth-quarter numbers for 2025, SoFi's earnings report did not positively impact the stock price, which fell even after beating estimates [8]. - Broader market conditions, including the ongoing Iran war, have negatively affected SoFi, which is considered a high beta stock, and there are concerns regarding the company's credit quality amid a deteriorating macro environment [8]. - SoFi missed the opportunity to join the S&P 500 Index, which added other companies instead, further impacting market perception [8].

Core Insights - OppFi, Inc. (NYSE: OPFI) reported record revenue of $597.1 million for FY25, with adjusted net income of $139.8 million and adjusted EPS of $1.59, reflecting year-over-year increases of 13.5%, 69.1%, and $0.64 respectively [1] - GAAP net income rose by 74.4% to $146.2 million, driven by Model 6, risk-based pricing, and improved operating discipline [1] - The company repurchased $15.5 million of shares at an average price of $10.04, with $20.9 million remaining under authorization, indicating a strong capital return strategy [1] Financial Performance - FY25 was characterized as a breakout year with record revenue, earnings, and margin expansion, highlighting stronger scale and pricing discipline [8] - The company demonstrated improved capital flexibility, strong free cash flow, ample liquidity, and lower funding costs, which enhanced financial flexibility [8] - FY26 guidance indicates continued momentum with expectations of solid growth, despite recent credit pressures being viewed as temporary [8]

Core Insights - SoFi Technologies (SOFI) is experiencing strong financial performance, with rapid member growth and increased product adoption among existing customers driving its financial results [1][4] - The company is diversifying its business mix beyond lending, expanding into financial services and technology platforms, which supports long-term growth and reduces dependency on lending [2][9] - Management is optimistic about sustained growth trends through 2028, despite concerns regarding stock valuation and capital raises impacting share prices [3] Financial Performance - Adjusted net revenue for SoFi climbed 37% in Q4 2025, with projections for approximately 30% revenue growth in 2026 [7] - The total member base is expected to increase by at least 30% year-over-year, indicating strong customer acquisition capabilities [7] Product Ecosystem - There is a significant uptake of additional financial products among existing members, enhancing customer relationships and reducing acquisition costs [8] - The diversification into fee-based revenue streams is creating a more stable earnings foundation, as these streams carry lower credit risk and are less affected by interest rate fluctuations [9]