Financial Data and Key Metrics Changes - CoreWeave reported Q3 revenue of $1.4 billion, representing a 134% year-over-year increase [5][23] - Revenue backlog reached over $55 billion at the end of Q3, nearly doubling from Q2 [5][23] - Adjusted operating income for Q3 was $217 million, with an adjusted operating margin of 16% [24] - Net loss for Q3 was $110 million, a significant improvement from a $360 million loss in Q3 of 2024 [25] - Adjusted EBITDA for Q3 was $838 million, more than doubling from $379 million in Q3 of 2024, with an adjusted EBITDA margin of 61% [25] Business Line Data and Key Metrics Changes - CoreWeave expanded its active power footprint by 120 MW sequentially to approximately 590 MW [6][7] - Contracted power capacity grew over 600 MW to 2.9 GW, with more than 1 GW of contracted capacity expected to be sold to customers in the next 12 to 24 months [7][12] - The number of customers exceeding $100 million in revenue over the last 12 months tripled year-over-year, indicating a diversification of the revenue base [8] Market Data and Key Metrics Changes - More than 60% of CoreWeave's revenue backlog is tied to investment-grade customers, down from approximately 85% at the beginning of the year [23][81] - No single customer represents more than approximately 35% of the revenue backlog, a decrease from about 50% last quarter [23][81] Company Strategy and Development Direction - CoreWeave aims to scale aggressively in a supply-constrained environment, focusing on AI cloud services [5][20] - The company is diversifying its customer base and expanding its product offerings, including new acquisitions to enhance its capabilities [17][20] - CoreWeave is also entering the public sector with the launch of CoreWeave Federal to serve U.S. government agencies [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory, despite current supply chain challenges [22][32] - The company anticipates continued robust demand for its services, with expectations for 2025 revenue in the range of $5.05-$5.15 billion [30] - Management noted that delays from a third-party data center provider would impact Q4 results but are expected to be resolved by Q1 of the following year [30][54] Other Important Information - CoreWeave's capital expenditures in Q3 totaled $1.9 billion, lower than anticipated due to delays [25][26] - The company has secured $14 billion in debt and equity transactions year-to-date to support its growth [29] - CoreWeave's new storage product, AI Object Storage, has already surpassed $100 million in annual recurring revenue (ARR) in Q3 [16] Q&A Session Summary Question: Can you speak to the situation relating to the third-party provider? - Management acknowledged systemic challenges in supply chains affecting infrastructure delivery but emphasized efforts to diversify data center providers and manage delays [36][37] Question: How should we think about your infrastructure and its fungibility? - Management confirmed that the infrastructure is designed to be fungible, allowing for flexibility in usage across different customers and applications [41][42] Question: How far are we from reaching a point where disruptions should not affect revenue outlook? - Management indicated that as the company scales, the impact of individual delays will become less significant, with expectations for smoother operations as capacity increases [47][48] Question: What is the uniqueness of CoreWeave's value proposition in the future? - Management highlighted the company's focus on delivering customized infrastructure and software solutions that differentiate it from competitors [49][50] Question: Can you clarify the impact of CapEx reductions? - Management confirmed that the CapEx reduction is primarily due to delays from a single data center provider, with most of the impact expected to be resolved in Q1 [64][65] Question: How do you think about funding paths for CapEx? - Management stated that they will explore various financing options, including leasing, to ensure cost-effective scaling and service delivery [68][69]

Financial Data and Key Metrics Changes - Q3 2025 total revenue grew 34% year-on-year to $124.5 million, with subscription revenue increasing 34% to $96.3 million [26][31] - Core Life360 subscription revenue, excluding standalone hardware subscriptions, rose 37% [26] - Other revenue grew 82% year-on-year to $16.9 million, driven by strong performance in advertising [26][31] - Annualized monthly revenue reached $446.7 million, up 33% year-on-year [28] - Gross profit increased 39% year-on-year to $97.1 million, with gross margin at 78% compared to 75% a year ago [29] Business Line Data and Key Metrics Changes - Total paying circles grew 23% year-on-year to 2.7 million, with 170,000 net new additions [11] - Monthly active users (MAUs) increased by 3.7 million, growing 19% year-on-year, totaling nearly 92 million [10][11] - Standalone hardware revenue decreased 4% year-on-year to $11.3 million, despite a 15% increase in unit sales [27] Market Data and Key Metrics Changes - Paying circles outside the U.S. grew 29% year-on-year, with an 8% year-over-year increase in average revenue per paying circle (ARPPC) [12] - The company noted strong international momentum, particularly in the U.K., Canada, Australia, and New Zealand [12] Company Strategy and Development Direction - The company aims to expand its product offerings beyond family safety to include pet safety with the launch of Life360 Pet GPS [14][17] - The acquisition of Nativo is expected to accelerate the advertising business and enhance revenue streams [18][32] - The focus remains on organic growth driven by product innovation and brand awareness [8][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory for the remainder of 2025, raising full-year revenue guidance [35][36] - The company is committed to increasing the value delivered to members and expanding its reach through connected devices [13][14] - Management highlighted the importance of maintaining a strong core app experience while exploring new product opportunities [49] Other Important Information - The company reported a net income of $9.8 million for the quarter, up from $7 million in Q2 and $7.7 million in Q3 last year [30] - Adjusted EBITDA rose 174% year-on-year to $24.5 million, representing a 20% margin [31] Q&A Session Summary Question: Can you discuss the Nativo acquisition and its impact on the existing advertiser base? - Management views the Nativo acquisition as additive and expects it to accelerate growth with the technology and momentum it brings [38] Question: What is the revenue run rate of Nativo and its cost base for FY 2025? - Nativo's revenue run rate is roughly twice that of Life360, and it is expected to be adjusted EBITDA positive next year [42] Question: What factors will influence the rate of margin expansion? - Key factors include scale and the increasing mix of higher-margin revenue, particularly from advertising [46][47] Question: What are the top priorities for product development moving forward? - The focus is on enhancing the core app experience and making it more appealing to aging parents, with plans to introduce features in 2026 [49][85] Question: How is the Pet GPS launch performing in terms of adoption? - The launch has exceeded expectations, with strong initial demand primarily from existing members [54]

Viant Technology (NasdaqGS:DSP) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsAndrew Hergert - Financial AdvisorLarry Madden - CFONick Zangler - VP of Investor RelationsTim Vanderhook - Co-Founder and CEOChris Vanderhook - Co-founder and COOConference Call ParticipantsLaura Martin - Senior AnalystNone - AnalystWyatt Swanson - Equity Research AnalystBarton Crockett - Managing Director and Senior Research AnalystJason Kreyer - Senior Research AnalystZach Cummins - Senior Research Ana ...

Fold Holdings (NasdaqCM:FLD) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsWolfe Repass - CFOWill Reeves - Chairman and CEODave Storms - Director and Equity ResearchKeaton Schuelke - Equity Research InternSamir Jain - Investor Relations and AdvisoryKevin Dede - Managing Director of Equity ResearchConference Call ParticipantsNone - AnalystOperatorGood day, and thank you for standing by. Welcome to the Fold Holdings third quarter 2025 earnings call. At this time, all participants are ...

Financial Data and Key Metrics Changes - Revenue increased by 40% year-over-year to $146.8 million compared to $105.2 million in the prior-year period [14] - Net income surged to $23.9 million, a significant increase from $1.6 million in the prior-year period [15] - Adjusted EBITDA rose 1.6 times to $24.9 million from $9.6 million in the prior-year period [15] - Operating cash flow improved to $23.2 million from cash used of $12.9 million in the prior-year period [15] Business Line Data and Key Metrics Changes - Electric sales increased by 29% to $93.2 million compared to $72.1 million in the prior-year period, driven by favorable weather and higher energy demand [14] - Coal sales rose by 42% to $68.8 million from $48.3 million in the prior-year period, supported by increased shipments and favorable power markets [14] Market Data and Key Metrics Changes - The Hallador Power subsidiary experienced a more than 29% year-over-year revenue increase due to favorable summer weather and elevated natural gas prices [5] - The company expects to produce approximately 3.8 million tons of coal in 2025, having produced 3.1 million tons through the first nine months [11] Company Strategy and Development Direction - The company submitted an application to the MISO ERIS program to add 525 MW of gas generation at the Merom site, marking a strategic step to grow its generation portfolio [5] - Hallador is transitioning from a commodity-focused coal producer to a vertically integrated independent power producer, leveraging the energy transition to capture expanding margins in power markets [11] - The company is evaluating strategic opportunities to acquire additional dispatchable generation assets to diversify its portfolio and enhance growth [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong market signals for their product offerings and the potential for long-term agreements with data center developers and load-serving entities [7] - The evolving energy landscape, characterized by the retirement of dispatchable generators in favor of renewables, is creating opportunities for reliable baseload generation [8] - Management does not expect Q4 performance to match the exceptional results of Q3, anticipating a return to more typical conditions unless extreme weather occurs [22] Other Important Information - The company executed a $20 million prepaid forward power sales contract, which is a key component of its commercial strategy [6] - Total forward energy and capacity sales position was $571.7 million as of September 30, 2025, down from $685.7 million at the end of 2024 [16] Q&A Session Summary Question: What are the main milestones for the potential capacity expansion? - Management indicated that the MISO expedited process will determine the timeline for reviewing their application, with updates expected in the coming months [20][21] Question: How has Q4 started compared to Q3? - Management noted that Q4 is expected to resemble Q4 of 2024, with no significant catalysts anticipated to drive performance like Q3 [22] Question: Can you provide initial economics on the 525 MW expansion? - Management is still negotiating equipment and has not released detailed economics but is encouraged by market signals indicating a need for more capacity [27][28] Question: What impact might the recent government funding for coal have? - Management believes that government funding could be beneficial for the industry and that Hallador may have qualifying projects [30] Question: Are you seeing opportunities for M&A in the coal space? - Management expressed a preference for coal-related acquisitions, noting that such transactions are bespoke and take time to develop [37] Question: What is the status of discussions with potential customers? - Management confirmed ongoing negotiations with multiple parties, including utilities and data center developers, with increased interest noted [43][44]

Kaltura (NasdaqGS:KLTR) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsRon Yekutiel - Chairman, President and CEOJohn Doherty - CFOErica Mannion - Head of Investor RelationsConference Call ParticipantsRyan Koontz - Managing Director and Research AnalystD.J. Hynes - Managing Director and Senior AnalystOperatorGood afternoon, everyone, and welcome to the Kaltura Third Quarter 2025 Earnings Call. All material contained in the webcast is the sole property and copyright of Kaltura, with ...

Health Catalyst (NasdaqGS:HCAT) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsMatt Hopper - Senior VP of Finance and Head of Investor RelationsJeff Garro - Managing Director in Healthcare IT Equity ResearchDan Burton - CEOBen Albert - President and COOJason Alger - CFOGabie Ingoglia - Equity Research AssociateRichard Close - Managing Director in Digital and Tech-Enabled Health Equity ResearchJared Haase - Equity Research AssociateElizabeth Anderson - Senior Managing DirectorConfere ...

Health Catalyst (NasdaqGS:HCAT) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsMatt Hopper - Senior VP of Finance and Head of Investor RelationsJeff Garro - Managing Director in Healthcare IT Equity ResearchDan Burton - CEOBen Albert - President and COOJason Alger - CFOGabie Ingoglia - Equity Research AssociateRichard Close - Managing Director in Digital and Tech-Enabled Health Equity ResearchJared Haase - Equity Research AssociateElizabeth Anderson - Senior Managing DirectorConfere ...

Repay (NasdaqCM:RPAY) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsPeter Heckmann - Managing Director of Equity ResearchJohn Morris - Co-founder, and CEOStewart Grisante - Head of Investor RelationsRobert Houser - CFOConference Call ParticipantsTim Chiodo - Managing Director and Lead AnalystJabali Tamaskar - AnalystOperatorGood afternoon. I'd like to welcome everyone to Repay's third quarter 2025 earnings conference call. This call is being recorded today, November 10, 2025. I'd l ...

DHI Group (NYSE:DHX) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsMax Michaelis - Equity Research AssociateTodd Kehrli - Head of Investor RelationsGreg Schippers - CFOArt Zeile - CEOGary Prestopino - Managing DirectorConference Call ParticipantsNone - AnalystNone - AnalystOperatorGood afternoon, everyone, and welcome to the DHI Group Third Quarter 2025 Financial Results Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a con ...