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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]
GameStop Beats Earnings Estimates Despite Revenue Miss
Financial Modeling Prep· 2026-03-25 17:55
GameStop Corp. (NYSE: GME) reported fourth-quarter results that exceeded profit expectations, although revenue came in below analyst forecasts. The video game retailer posted adjusted earnings per share of $0.49 for the quarter ended January 31, 2026, surpassing the consensus estimate of $0.37 by $0.12. However, revenue totaled $1.1 billion, missing the $1.467 billion estimate and declining 13.9% year over year from $1.283 billion in the same period last year. Adjusted operating income rose to $147.7 millio ...
KB Home Shares Fall 3% After Earnings Miss and Margin Compression
Financial Modeling Prep· 2026-03-25 17:54
KB Home (NYSE: KBH) reported first-quarter results that came in below Wall Street expectations, with shares declining more than 3% intra-day Wednesday following the release. The homebuilder reported earnings per share of $0.52, missing the analyst consensus of $0.55. Revenue totaled $1.08 billion, down 23% year over year and slightly below the $1.09 billion estimate. Housing gross profit margin, excluding inventory-related charges, declined to 15.5% from 20.3% in the prior-year quarter. The compression was ...
Chewy Shares Jump 13% After Strong Earnings Beat and Margin Expansion
Financial Modeling Prep· 2026-03-25 17:53
Chewy Inc. (NYSE: CHWY) reported fourth-quarter results that significantly exceeded earnings expectations, driving shares up 13% intra-day Wednesday. The company posted adjusted earnings per share of $0.27, well above the analyst consensus of $0.09 by $0.18. Revenue reached $3.26 billion, in line with estimates and representing an 8.1% increase on a normalized 13-week basis compared to the prior year period. On a reported basis, revenue rose 0.5% year over year due to the quarter having 13 weeks versus 14 w ...
BorgWarner Upgraded by Wolfe Research, Shares Rise 2%
Financial Modeling Prep· 2026-03-25 17:52
Wolfe Research upgraded BorgWarner (NYSE: BWA) to Outperform from Peerperform and set a $68 price target, with shares rising more than 2% intra-day Wednesday. The firm cited a compelling opportunity in the company’s power generation segment, noting that while investor skepticism remains, favorable supply-demand dynamics—particularly in primary power—combined with competitive product specifications and attractive total cost of ownership could support growth. Wolfe estimated that the opportunity could generat ...
Alexandria Real Estate Downgraded by BMO on Growth Concerns and Rising Rates
Financial Modeling Prep· 2026-03-25 17:51
BMO Capital downgraded Alexandria Real Estate (NYSE: ARE) to Market Perform from Outperform and set a $52 price target, citing concerns around growth prospects and macroeconomic pressures. The firm noted that it had maintained a more positive stance following disappointing 2026 guidance issued in December, expecting that asset sales would alleviate concerns around equity overhang. This dynamic initially supported the stock, which rose 21.9% year-to-date as of mid-January. However, BMO said the outlook has s ...
Halliburton Price Target Raised by BMO on Improved North America Outlook
Financial Modeling Prep· 2026-03-25 17:50
BMO Capital raised its price target on Halliburton (NYSE: HAL) to $42 from $39, while maintaining a Market Perform rating, reflecting modestly improved earnings expectations. The firm said its updated forecasts resulted in minimal changes to first-quarter 2026 estimates despite ongoing geopolitical tensions in the Middle East related to the U.S.-Iran conflict. BMO noted that while uncertainty remains elevated, Halliburton’s business appears relatively insulated from the disruption so far. The firm also expe ...
Pan American Silver (NYSE:PAAS) Earnings Call Presentation
2026-03-25 15:00
NYSE | TSX PAAS 1 INTRODUCING THE EXPANDED LA COLORADA MINE P R E S E N T A T I O N / / M A R C H 2 0 2 6 NYSE | TSX PAAS CAUTIONARY NOTE Non-GAAP Measures This presentation of Pan American Silver Corp. and its subsidiaries (collectively, "Pan American", "Pan American Silver", the "Company", "we" or "our") refers to various non-GAAP measures, such as "AISC". These measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by oth ...
Else Nutrition (OTCPK:BABY.D) Conference Transcript
2026-03-25 14:32
Else Nutrition (OTCPK:BABY.D) Conference March 25, 2026 09:30 AM ET Company ParticipantsHamutal Yitzhak - Co-founder, Director, and CEOHamutal YitzhakHello. I'm Hamutal Yitzhak. I am the CEO of Else Nutrition, and I just wanna give you a heads up that I'm based in Tel Aviv, and there might be a siren at any moment, so I might have to go to the shelter. In that case, we'll have to stop, and maybe I'll return later. And then I'd like to start my presentation. Please could you instruct me how to share the scre ...
Power Corporation of Canada (OTCPK:PWCC.F) FY Conference Transcript
2026-03-25 14:32
Power Corporation of Canada (OTCPK:PWCC.F) FY Conference March 25, 2026 09:30 AM ET Company ParticipantsJeff Orr - President and CEOConference Call ParticipantsJames Glynn - Equity AnalystJames GlynnAll right. Thank you. Welcome back. For those of you not here yesterday, my name is James Glynn. I'm the equity analyst covering diversified financials at National Bank, of course. This morning we're joined by CEO of Power Corp, Jeff Orr. Thank you, Jeff, for joining us again this year. I suppose this is probabl ...