On February 17, 2026, Parsifal Capital Management disclosed it sold 4,770,561 shares of AvePoint (NASDAQ:AVPT), an estimated $65.90 million trade based on quarterly average pricing. What happened According to a February 17, 2026, SEC filing, Parsifal Capital Management sold 4,770,561 shares of AvePoint (NASDAQ:AVPT), with the estimated transaction value at $65.90 million based on the average closing price for the fourth quarter of 2025. The AvePoint position's value at quarter’s end was $52.12 million, d ...

SaaS Markets Have Crashed in 2026. But Is Private Credit the Even Bigger Risk? We all know software stocks have entered a bear market in 2026. But the debt side of software might end up being a much bigger deal.IGV is down 23%+ year-to-date. $285 billion in market cap wiped out in a single day. Software P/S ratios compressed from 9x to 6x — levels we haven’t seen since the mid-2010s. But it’s more than just stocks going down.It puts huge stress on private credit’s $600-750 billion exposure to software comp ...

Group 1 - Salesforce (CRM) is affected by the recent "SaaSpocalypse," which has been highlighted in the market due to significant sell-offs [1] - The term "SaaSpocalypse" gained traction on February 3rd and 4th, coinciding with a major market downturn triggered by external factors [1] Group 2 - The focus on sustained profitability is emphasized, highlighting the importance of strong margins, stable free cash flow, and high returns on invested capital as key drivers of returns [1] - The article reflects a long-term investment perspective, particularly in U.S. and European equities, with an emphasis on undervalued growth stocks and high-quality dividend growers [1]

Achieved a $1 billion annual revenue milestone, validating a business model centered on long-term service provider partnerships rather than seat-based SaaS pricing. Performance attribution shifted toward ARPU expansion in the core residential segment, driven by higher-tier video analytics and remote monitoring adoption. Diversification efforts reached a critical mass, with commercial and energy businesses now contributing 25% of total SaaS revenue and growing 25% year-over-year. EnergyHub's growth w ...

Financial Data and Key Metrics Changes - In Q4 2025, total revenue reached $239 million, a 20% increase year-over-year, exceeding guidance by $3 million [28] - Subscription revenue for Q4 was $219 million, up 21% year-over-year [29] - For the full year 2025, total revenue was $885 million, also a 20% increase compared to the previous year [32] - Non-GAAP operating margin for Q4 was 19.1%, beating guidance by 160 basis points [30] - Full-year non-GAAP operating margin was 9.9%, exceeding guidance by 50 basis points [34] Business Line Data and Key Metrics Changes - Professional services revenue in Q4 was $20 million, slightly up from the previous year [30] - The number of customers increased to 6,624, with a gross retention rate of 97% and a net retention rate of 113% for Q4 [31] - 74% of subscription revenue came from customers using multiple solutions, up from 70% in Q4 2024 [31] Market Data and Key Metrics Changes - Total revenue outside the U.S. was 27%, an increase of 300 basis points compared to the prior year [33] - The company added new customers and account expansions, with new customers accounting for approximately 40% of the increase in Q4 subscription revenue [30] Company Strategy and Development Direction - The company aims to leverage AI to enhance its platform, focusing on trust and data integrity in an AI-driven world [6][9] - Workiva is positioned as a trusted platform for CFOs, emphasizing the importance of data accuracy and traceability [7][9] - The company is expanding its leadership team to strengthen its go-to-market strategy and operational efficiency [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for sustainability reporting and the strategic value of this market [17] - The company anticipates growth in IPO activity in 2026, despite a moderation in Q4 2025 [20][66] - Management highlighted the importance of operational rigor and productivity improvements to achieve long-term financial targets [39] Other Important Information - The company repurchased 131,000 shares for $12 million in Q4, with a total of $72 million repurchased in 2025 [35] - A new pricing model was introduced, focusing on value and consumption rather than a seat-based licensing model [21][75] Q&A Session Summary Question: Role of AI in New Wins - AI is a significant topic in customer discussions, contributing to buying decisions, with increasing adoption in a secure environment [41][42] Question: Operational Rigor and Margin Opportunities - Opportunities for operational efficiency exist across the business, particularly in sales and marketing [45][46] Question: Insights from New CRO Michael Pinto - Michael Pinto is focusing on building a strong global team, refining sales strategies, and enhancing the partner ecosystem [49][50] Question: NRR Direction for 2026 - The company is modeling a gross retention rate of 96% and a net retention rate of 110% for 2026 [52] Question: Capital Markets Environment - Management is optimistic about IPO activity in 2026, incorporating growth into guidance while acknowledging macroeconomic factors [66][68]

Alarm.com (NasdaqGS:ALRM) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Company ParticipantsAdam Hotchkiss - VP of Emerging Software and Equity ResearchAdam Tindle - Managing DirectorKevin Bradley - CFOMatthew Zartman - VP of Investor RelationsSaket Kalia - Managing DirectorSteve Trundle - CEOConference Call ParticipantsJack Vander Aarde - SVP and Senior Research Analyst of TMT, Gaming and EntertainmentStephen Sheldon - Research Analyst for Technology, Media, and CommunicationsNone - AnalystNone - Ana ...

Alarm.com (NasdaqGS:ALRM) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker9Good day, and thank you for standing by. Welcome to the Alarm.com Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press star one one on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your que ...

Group 1 - The core viewpoint is that Salesforce, as a pioneer of the SaaS business model, is expected to face challenges amid the current downturn in the SaaS industry [1] Group 2 - The investment strategy focuses on identifying companies with strong qualitative attributes, purchasing them at favorable prices based on fundamentals, and maintaining long-term holdings [2] - The approach involves managing a concentrated portfolio aimed at minimizing losses while maximizing exposure to high-potential winners [2]

Core Insights - Sagtec Global Limited is expanding its revenue-generating AI ecosystem as enterprise adoption accelerates across various industries [1] - The company is transitioning to a scalable platform-driven business model focused on recurring SaaS subscriptions and AI workflow automation [2] Revenue Growth and Enterprise Pipeline - Recent commercial momentum includes a US$4.0 million deployment of a Smart AI mobility platform, showcasing Sagtec's ability to convert AI innovations into revenue [3] - The company's platform architecture allows clients to scale usage over time, creating potential for recurring revenue growth [3] AI-Native Operating Layer - Sagtec is developing a modular AI operating layer that integrates AI agents, SaaS applications, and microservices within a unified ecosystem [4] - This approach aims to align Sagtec with emerging enterprise AI infrastructure trends and create opportunities for margin expansion [4] Market Expansion Strategy - Sagtec is expanding beyond Southeast Asia into the United States and other strategic markets, targeting sectors experiencing rapid AI transformation [5] - The company aims to increase contract sizes by combining AI integrations with SaaS subscriptions and enterprise customization services [5] Management Vision - The CEO emphasizes the goal of evolving Sagtec into a scalable AI SaaS revenue platform to capture recurring revenue opportunities [6] - Key offerings include AI-driven SaaS deployments, subscription-based workflow platforms, and long-term enterprise integration contracts [6] Revenue Model and Customer Value - The company focuses on predictable recurring income streams and usage-driven monetization [7] - Higher lifetime customer value is anticipated through cross-platform integrations [7] Target Industries - Sagtec is targeting mobility and digital transport ecosystems, retail and food & beverage automation, and enterprise productivity workflows [8]

Record client growth and expansion, market momentum, and agentic innovation reinforce Zylo's leadership in the enterpriseINDIANAPOLIS, Feb. 19, 2026 /PRNewswire-PRWeb/ -- Zylo, the enterprise leader in SaaS Management, today announced a standout 2025 defined by accelerated enterprise growth, with expansion revenue increasing 284% year over year. The company added a record number of new clients, including numerous Global 2000 organizations, and achieved the largest client expansion to date, reinforcing its p ...