Financial Data and Key Metrics Changes - Revenue for the fourth quarter was $194.7 million, up 9.1% year-over-year, and in line with guidance [21] - Full-year revenue reached $748.4 million, an increase of 12.2% from 2024 [21] - Adjusted EBITDA for the fourth quarter was $42.5 million, reflecting an increase of 11.6% year-over-year [28] - Annual recurring revenue (ARR) was $671 million at quarter end, up 11.3% year-over-year [24] - Gross profit for the fourth quarter was $147.4 million, with a gross margin of 75.7% [25] Business Line Data and Key Metrics Changes - Subscription revenue in the fourth quarter increased 8.9% year-over-year to $166.2 million [21] - Services revenue grew 10.2% year-over-year to $28.5 million in the fourth quarter [23] - Cloud revenue for the fourth quarter was $94.6 million, up 23% year-over-year [23] Market Data and Key Metrics Changes - New logo revenue was up 20% in 2025, indicating healthy demand for Vertex's solutions [9] - E-invoicing mandates are expected to drive growth, particularly in the second half of 2026 [39] Company Strategy and Development Direction - The company aims to accelerate revenue growth through AI transformation and innovation [7][10] - Vertex is focusing on expanding its customer success coverage and leveraging AI tools to enhance customer engagement [9] - The company plans to broaden its Smart Categorization offering and expand into additional industries [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in 2025, including lower entitlement growth and higher customer attrition, primarily among smaller accounts [8] - The company is optimistic about restoring growth through new product offerings and proactive customer engagement [20] - Management emphasized the importance of AI in improving workflows and driving future growth [10][12] Other Important Information - The company repurchased approximately $10 million of its shares in the open market [29] - Vertex ended the fourth quarter with over $314 million in unrestricted cash and cash equivalents [29] Q&A Session Summary Question: Can you elaborate on the losses to competitors at the lower end of the market? - Management indicated that attrition was higher in 2025, driven by M&A and bankruptcies, particularly among smaller customers [35] Question: How confident are you in achieving the guidance for next year? - Management expressed confidence in the guidance, citing e-invoicing and AI products as potential growth drivers [39] Question: What parallels can you draw from your previous experiences that will help at Vertex? - Management highlighted the importance of AI and the need for accurate tax compliance as key areas where previous experiences will be beneficial [44][48] Question: What are the expectations around net retention rates? - Management is focused on improving net retention rates through new product offerings and proactive customer engagement [50] Question: How is the pipeline for 2026 shaping up, particularly with SAP customers? - Management noted steady growth in the SAP pipeline, with ongoing partnerships and win rates remaining strong [55] Question: Have you seen any AI tech budget crowding out that might have driven the entitlement slowdown? - Management has not observed explicit budget crowding out affecting their business [88]

Cellebrite DI (NasdaqGS:CLBT) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Kramer - VP of Investor RelationsBhavin Shah - Director of Software Equity ResearchDavid Barter - CFOMarcus Jewell - Chief Revenue OfficerShaul Eyal - Managing Director of Equity ResearchTom Hogan - CEOConference Call ParticipantsBrian Essex - Executive Director and Equity Research AnalystEric Martinuzzi - Senior Research AnalystJeff Van Rhee - Partner and Senior Research AnalystJonathan Ho - Partner ...

Cellebrite DI (NasdaqGS:CLBT) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Kramer - VP of Investor RelationsBhavin Shah - Director of Software Equity ResearchDavid Barter - CFOMarcus Jewell - Chief Revenue OfficerShaul Eyal - Managing Director of Equity ResearchTom Hogan - CEOConference Call ParticipantsBrian Essex - Executive Director and Equity Research AnalystEric Martinuzzi - Senior Research AnalystJeff Van Rhee - Partner and Senior Research AnalystJonathan Ho - Partner ...

NewAmsterdam Pharma Company (NasdaqGM:NAMS) 2026 Conference February 11, 2026 08:30 AM ET Company ParticipantsIan Somaiya - CFOConference Call ParticipantsDebjit Chattopadhyay - Senior Managing Director and Senior Biotech AnalystDebjit ChattopadhyayAll right, good morning, and thank you for joining Guggenheim's 2026 Emerging Outlook Biotech Summit. I'm Debjit, one of the therapeutic analysts, and my privilege to welcome our first presenting company, NewAmsterdam Pharma. Joining us is Ian Somaiya, company CF ...

Financial Data and Key Metrics Changes - For the full year 2025, the company achieved revenue of $448.7 million, a gross profit of $117.5 million, and a net income of $77.8 million, indicating a $6.7 million or 1.5% increase in revenue compared to 2024 [7][16] - The LEU segment generated $346.2 million in 2025, relatively flat compared to $349.9 million in 2024, while uranium revenue decreased by 54% year-over-year to $55.6 million [16][17] - SWU revenue increased by 21% year-over-year, amounting to $51.9 million, driven by a 23% increase in the volume of SWU sold [16][17] - The total company backlog stood at $3.8 billion as of December 31, 2025, with the LEU segment backlog approximately $2.9 billion [19] Business Line Data and Key Metrics Changes - The technical solutions segment delivered $102.5 million in 2025, an increase of $10.4 million or 11% over 2024 levels, primarily due to a $10.5 million increase in revenue from the HALEU operations contract [17] - The LEU segment's gross profit increased by $17.6 million or roughly 19% to $111.5 million in 2025, driven by an increase in SWU sales volume and margin [17] - The technical solutions segment's gross profit decreased by $11.6 million or 66% to $6 million due to increased costs under the HALEU operations contract [18] Market Data and Key Metrics Changes - Near-term domestic LEU demand is set to increase by approximately 6.5 million SWUs due to Russia exiting the market and additional demand from restarts and new reactors [9] - The LEU pricing curve has experienced a 24% compound annual growth rate from 2019 to 2025, indicating a constrained market and pent-up demand [9] Company Strategy and Development Direction - The company plans to build both LEU and HALEU capacity, signaling readiness to meet future enrichment needs and addressing the projected gap between supply and demand [24] - The company is pursuing additional low-cost capital sources, including national security-related funding and potential foreign direct investments [22] - The company aims to capitalize on its first mover advantage in the global HALEU market and is actively engaging with hyperscalers for future agreements [25] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of execution and continuous improvement in reducing unit costs and lead times as the company embarks on manufacturing centrifuges [28] - The company anticipates that demand for LEU and HALEU will continue to grow, particularly as advanced reactors come online and the market tightens [52] - Management expressed confidence in the company's ability to meet its commitments and capitalize on the opportunities presented by the $900 million HALEU Enrichment Award [10][21] Other Important Information - The company ended 2025 with an unrestricted cash balance of approximately $2 billion, positioning it well for future capital needs [20] - The company is expected to provide financial guidance for 2026, projecting total revenue of $425 million to $475 million [14][22] Q&A Session Summary Question: Timeline for improving the 42-month forecast - Management emphasized the importance of execution and continuous improvement to reduce lead times and costs, with dedicated resources working on this initiative [28][29] Question: Commercialization capacity ramp timeline - Management indicated that the backlog of LEU commitments is crucial, and they are progressing towards fulfilling these commitments [34] Question: CapEx guidance and linearity throughout the year - Management noted that the initial year of CapEx guidance includes long lead procurement and is not indicative of future linear spending [41][42] Question: Achieving End-of-a-Kind cost - Management clarified that the End-of-a-Kind cost will be achieved before reaching 3 million SWUs, which is a significant milestone for the company [46][47] Question: Government discussions on Russian imports cutoff - Management reported strong demand stacking up towards the end of the decade but did not provide specific updates on government discussions regarding the cutoff [51][52] Question: Contract dynamics for long-term supply arrangements - Management acknowledged the challenges faced due to shipping delays but expressed confidence in the contracted supply from foreign sources [57] Question: Milestones to de-risk the timeline for initial enrichment capacity - Management is actively working on supply chain configurations and partnerships to ensure timely production and meet demand [60][61] Question: HALEU production target and sourcing strategy - Management confirmed the intention to maximize both LEU and HALEU capacity and optimize contracts to meet customer needs [96][97]

Financial Data and Key Metrics Changes - GlobalFoundries reported fourth quarter revenue of $1.83 billion, an 8% sequential increase and flat year-over-year [28] - Full year revenue reached approximately $6.791 billion, up 1% year-over-year [28] - Gross profit for the fourth quarter was $530 million, translating to a gross margin of approximately 29%, up 300 basis points sequentially and 360 basis points year-over-year [34] - Full year gross margin was 26.1%, an increase of 80 basis points year-over-year [34] - Net income for the fourth quarter was approximately $310 million, resulting in diluted earnings of $0.55 per share [35] Business Line Data and Key Metrics Changes - Smart mobile devices accounted for approximately 36% of fourth quarter revenue, with a 13% sequential decline and an 11% year-over-year decrease [29] - Automotive revenue represented approximately 23% of fourth quarter revenue, increasing 40% sequentially and 3% year-over-year, with full-year revenue growing 17% to a record $1.4 billion [30][31] - Home and industrial IoT represented approximately 17% of fourth quarter revenue, with a 17% sequential increase but a 15% year-over-year decrease [31] - Communications infrastructure and data center revenue grew 29% year-over-year, marking a notable return to growth, with fourth quarter revenue increasing 32% year-over-year [32] Market Data and Key Metrics Changes - The automotive market has seen significant growth, with over 50% more design wins compared to the previous year [20] - Communications infrastructure and data center markets are expected to achieve over 30% year-on-year revenue growth in 2026 [25] - The company expects to reach a $1 billion run-rate revenue level for silicon photonics by the end of 2028, driven by strong customer demand [15] Company Strategy and Development Direction - GlobalFoundries is focusing on three core pillars: technology differentiation, deep customer partnerships, and leveraging a diversified geographical footprint [7] - The company made significant acquisitions in 2025, including AMF and InfiniLink, to enhance its technology differentiation in silicon photonics [7][8] - A commitment to invest $16 billion in the U.S. and EUR 1.1 billion in the Dresden facility to expand manufacturing capabilities [10][11] - The company aims to capitalize on megatrends such as AI data centers, physical AI, and the need for diversified semiconductor supply [11][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential, citing record design win momentum and a strong customer engagement pipeline [25][26] - The company anticipates continued growth driven by the scaling of AI data centers and the proliferation of AI into various applications [12][19] - Management highlighted the importance of addressing bottlenecks in networking and power for the continued scaling of AI [12] Other Important Information - The board of directors authorized a share repurchase of up to $500 million, reflecting confidence in the company's financial position [37] - The company expects total revenue for the first quarter of 2026 to be approximately $1.625 billion, with gross margin around 27% [38][39] Q&A Session Summary Question: Strategy for silicon photonics and differentiation - Management highlighted the strong demand for silicon photonics as a critical enabler for AI data centers, emphasizing their robust process technology and global manufacturing footprint [49][50] Question: Strategy regarding quantum computing - Management expressed excitement about quantum computing, noting partnerships across various modalities and the importance of high-volume manufacturing [54][55] Question: Supply side tightness and CapEx - Management noted strong demand in differentiated technology areas and emphasized capital efficiency in investments, supported by government grants [60][61] Question: Margin structure and OpEx intensity - Management discussed the positive impact of a diversified portfolio on margins and the expected increase in OpEx due to strategic investments in R&D and new technologies [66][68] Question: Synergies between recent acquisitions - Management confirmed synergies between photonics-oriented acquisitions and the broader portfolio, enhancing customer engagement and technology offerings [74]

Financial Data and Key Metrics Changes - SharkNinja achieved $6.4 billion in net sales for 2025, up nearly 16% year-over-year, with adjusted EBITDA increasing more than 19% to $1.14 billion [23][24] - Adjusted earnings per share reached a record $5.28, up nearly 21% year-over-year [23] - In Q4, net sales increased 17.6% year-over-year to $2.1 billion, with domestic sales up 15.7% and international sales up 21.4% [24][25] - Adjusted gross margins in Q4 increased nearly 40 basis points year-over-year to 48.2% of net sales [29] Business Line Data and Key Metrics Changes - Cleaning category net sales increased 3.4% year-over-year to $670 million, driven by innovations like the Shark Stain Force Cordless Spot and Stain Cleaner [26] - Cooking and beverage category net sales increased 11.7% year-over-year to $667 million, with the Ninja Luxe Café Espresso Machine being a significant contributor [26] - Food preparation category net sales increased 28.1% year-over-year to $438 million, supported by momentum in the frozen treats business [26][27] - Beauty and home environment category saw a remarkable 63.2% year-over-year growth to $326 million, driven by multiple subcategories including Shark beauty tech products [27] Market Data and Key Metrics Changes - The U.K. business grew 9.2% year-over-year in Q4, despite declines in air fryer sales, showcasing the strength of diversification [25] - Latin America, particularly Mexico, experienced triple-digit growth, indicating strong momentum and future opportunities [21][24] - EMEA region showed robust results across multiple countries, with a focus on transitioning to a direct operating model [20][54] Company Strategy and Development Direction - SharkNinja's strategy focuses on diversification across products, channels, and geographies to drive growth [8][9] - The company aims to expand into new categories, having entered two additional subcategories in 2025 and planning to add two more in 2026 [15][16] - Investment in technology, particularly AI, is a key focus for long-term growth, with plans to hire 100 new software engineers [12][11] - The company announced a $750 million share repurchase program, reflecting confidence in its financial position and commitment to shareholder value [14][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic challenges, emphasizing that these challenges present opportunities for growth [40] - The outlook for 2026 includes expected net sales growth of 10% to 11% and adjusted net income per diluted share growth of 12% to 14% [38] - Management highlighted the importance of consumer engagement and product resonance as key drivers for future success [60][61] Other Important Information - SharkNinja's balance sheet showed a net cash position at the end of 2025, providing flexibility for future investments [35] - The company has completed its global Oracle implementation and launched Salesforce in the U.S. and Canada to enhance direct-to-consumer capabilities [11] Q&A Session Summary Question: Medium-term growth algorithm for U.S. business - Management indicated that the U.S. business is expected to achieve double-digit growth in 2026, with contributions from both units and pricing [45][46] Question: International segment growth and visibility - Management noted that international growth is expected to outpace domestic growth, with strong momentum in Latin America and EMEA [49][52] Question: Characteristics of customers acquired through beauty segment - Management highlighted that the beauty segment is attracting a younger demographic, including young males, and emphasized the potential for category expansion [63][64] Question: Success of celebrity campaigns and future initiatives - Management reported significant growth in social media engagement and consumer perception, attributing success to celebrity partnerships and a sophisticated demand generation strategy [70][72]

Angi (NasdaqGS:ANGI) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Russakoff - CFOJeffrey W. Kip - CEOConference Call ParticipantsBrad Erickson - Equity Research AnalystCory Carpenter - Equity Research AnalystDan Kurnos - Equity Research AnalystEric Sheridan - Equity Research AnalystMatt Condon - Equity Research AnalystSergio Segura - AnalystStephen Ju - Equity Research AnalystYoussef Squali - Equity Research AnalystOperatorWelcome to the Angi Inc. Fourth Quarter 2025 Earnin ...

Chimera Investment (NYSE:CIM) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsBose George - Managing DirectorEric Hagen - Managing DirectorJack MacDowell - CIOKenneth Lee - Managing DirectorKyle Walker - President and CEOMiyun Sung - CLO and Corporate SecretaryPhil Kardis - President, CEO, and DirectorSubra Viswanathan - CFO and Principal Accounting OfficerTrevor Cranston - Managing DirectorConference Call ParticipantsDoug Harter - Equity Research AnalystOperatorAs a reminder, this c ...

Angi (NasdaqGS:ANGI) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Russakoff - CFOJeffrey W. Kip - CEOConference Call ParticipantsBrad Erickson - Equity Research AnalystCory Carpenter - Equity Research AnalystDan Kurnos - Equity Research AnalystEric Sheridan - Equity Research AnalystMatt Condon - Equity Research AnalystSergio Segura - AnalystStephen Ju - Equity Research AnalystYoussef Squali - Equity Research AnalystOperatorWelcome to the Angie Inc. fourth quarter 2025 earni ...