Financial Performance - Revenue for Fiscal Q4 2025 reached $5757 million, a 25% increase QoQ and an 8% increase YoY[28] - Non-GAAP gross margin for Fiscal Q4 2025 was 96%, a decrease of 10 bps QoQ and 70 bps YoY[28] - Non-GAAP earnings per share for Fiscal Q4 2025 were $041, up $010 QoQ but down $013 YoY[28] - Cash flow from operations was $864 million, up $237 million QoQ but down $1511 million YoY[28] Revenue Mix - Server and Storage Systems revenue was $5618 million, up 26% QoQ and 10% YoY[28] - Subsystems & Accessories revenue was $139 million, down 1% QoQ and 48% YoY[28] Future Outlook - The company projects revenue between $60 billion and $70 billion for FQ1 2026[30] - The company anticipates GAAP diluted net EPS between $030 and $042 and non-GAAP diluted net EPS between $040 and $052 for FQ1 2026[30] - The company expects at least $33 billion in revenue for FY26[30] Strategic Initiatives - The company is targeting ~30%+ of global new data center deployments to use DLC solutions in the next 12 months[10]

Qualys Enterprise TruRisk Platform - Qualys is transforming its focus to leverage risk analytics for desired business outcomes with the Qualys Enterprise TruRisk Platform[12] - The Qualys Enterprise TruRisk Platform offers comprehensive risk reduction by eliminating cyber risk, saving time, reducing MTTR, and consolidating the IT-security stack[19, 20] - The Qualys Enterprise TruRisk Platform provides a single view across the entire global hybrid-IT environment, consolidating the stack for better security outcomes, with no hardware to buy or manage[30] Market Opportunity and Customer Base - Qualys estimates its current total addressable market at $55 billion in CY2025E, expanding to $79 billion in CY2028E[34] - Qualys has a blue-chip global customer base, including over 10,000 subscription customers[36] - Qualys serves 72% of the Forbes Global 50, 55% of the Forbes Global 500, and 33% of the Forbes Global 2000[36] Financial Performance - Qualys' revenues grew from $490 million in 2022 to $608 million in 2024, with a 11% CAGR[44] - Adjusted EBITDA increased from $219 million in 2022 to $283 million in 2024, representing a 14% CAGR[44] - The Adjusted EBITDA margin was 47% in 2024[44] - Free cash flow was $232 million in 2024, with a free cash flow margin of 38%[49]

Financial Performance - Revenue for Q2 2025 was $1,345 million, a 9% increase compared to $1,237 million in the prior year[8, 15] - Average revenue per user (ARPU) was $2.87, slightly up from $2.86 in the prior year[8] - Net loss was $263 million, compared to $249 million in the prior year, with a net loss margin of (20)%[8] - Adjusted EBITDA was $41 million, down from $55 million in the prior year, resulting in an Adjusted EBITDA Margin of 3%, compared to 4%[8, 13, 14] - Operating cash flow was $88 million, a significant improvement from $(21) million in the prior year, and free cash flow was $24 million, compared to $(73) million[16] User Engagement - Global monthly active users (MAU) reached 932 million in Q2, an increase of 64 million, or 7%, year-over-year[17, 32] - Daily active users (DAU) were 469 million in Q2 2025, an increase of 37 million, or 9%, year-over-year[20, 38] - Spotlight reached more than 550 million monthly active users on average in Q2, with time spent growing 23% year-over-year, contributing over 40% of total content time spent[20] Augmented Reality - The community uses AR Lenses in the Snapchat camera 8 billion times per day[23] - Lens Games engagement has continued to grow, now reaching more than 175 million monthly active users, up over 40% year-over-year[24]

Financial Performance & Projections - The company anticipates total revenue between $640 million and $670 million in 2025, representing a 14-20% increase from 2024[93] - The company projects full-year GAAP profitability in 2027, driven by revenue growth, expense management, and potential monetization of Priority Review Vouchers (PRVs)[94, 96] - Crysvita revenue is expected to be between $460 million and $480 million in 2025, a 12-17% increase[93] - Dojolvi revenue is projected to be between $90 million and $100 million in 2025, a 2-13% increase[93] - As of June 30, 2025, the company had $538 million in cash, cash equivalents, and marketable debt securities[96] Clinical Program Updates - Phase 3 data readout for UX143 in Osteogenesis Imperfecta (OI) is expected around the end of 2025[21, 32, 97] Phase 2 data showed a 67% reduction in annualized fracture rate (AFR) with UX143[33] - Enrollment for the Phase 3 Aspire study of GTX-102 for Angelman Syndrome (AS) was completed in July 2025, and the Phase 2/3 Aurora study is expected to begin in the second half of 2025[24, 49, 60, 97] - For DTX401 in Glycogen Storage Disease Type Ia (GSDIa), BLA submission is expected in Q4 2025, with a potential launch in 2026[75, 77, 97] Phase 3 data demonstrated a 41% statistically significant reduction in daily cornstarch intake at Week 48 (p < 00001)[80] - For UX111 in Sanfilippo syndrome (MPS IIIA), the company is actively working to resolve FDA observations in the Complete Response Letter (CRL)[66] - Stage 1, Cohort 4 enrollment completion for UX701 in Wilson Disease (WD) is expected in the second half of 2025[85, 87, 97] In Stage 1, 6 out of 15 patients were completely off chelators and/or zinc therapy[88, 90]

Financial Performance - Q2 2025 - Total revenue increased to $378811000, an 11% growth compared to Q2 2024's $339840000[7] - Retained commissions and fees reached $305225000, a 13% increase from Q2 2024's $271184000[7] - Adjusted EBITDA rose to $85512000, a 14% increase from $74888000 in Q2 2024[7] - Adjusted net income increased by 23% to $49510000, compared to $40339000 in Q2 2024[7] Financial Performance - Year-to-Date 2025 - Total revenue reached $792216000, a 10% increase compared to YTD 2024's $720207000[7] - Retained commissions and fees increased to $652807000, an 11% rise from YTD 2024's $590514000[7] - Adjusted EBITDA grew to $199307000, a 13% increase from $176574000 YTD 2024[7] - Adjusted net income increased by 19% to $126068000, compared to $106255000 YTD 2024[7] Strategic Acquisition - Westwood acquired Hippo's homebuilder distribution network on July 1, 2025[15] - The acquired network has approximately $29 million in LTM revenue[12] - The acquisition is expected to contribute ~$7 million in NTM Adjusted EBITDA[12]

2Q 2025 Earnings Supplement August 5, 2025 Disclosures This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this presentation, including statements regarding the outcome of the operational and portfolio reviews, the costs, cash outlays, benefits, timing and financial impacts of the actions that ma ...

Financial Performance - Revenues for Q2'25 reached $93.8 million, a 4% increase compared to $89.9 million in Q2'24[10] - Net income attributable to Safehold Inc common shareholders was $27.9 million in Q2'25, a 6% decrease from $29.7 million in Q2'24[10] - Earnings per share (EPS) were $0.39 in Q2'25, down 6% year-over-year from $0.42[10] Portfolio Growth and Composition - Aggregate Gross Book Value (GBV) of ground leases reached $6.9 billion in Q2'25, a significant increase from $0.3 billion at IPO[8] - Estimated Unrealized Capital Appreciation (UCA) grew to $9.1 billion in Q2'25, a substantial rise from $0.4 billion at IPO[8] - New ground lease originations in Q2'25 totaled $123 million, while new leasehold loan originations amounted to $97 million[8] - Multifamily assets constitute 58% of the portfolio by count, representing 41% of the GBV[19] Capital Structure and Liquidity - The company has $1.2 billion in cash and credit facility availability[5] - Total debt outstanding is $4.77 billion, with total equity at $2.40 billion, resulting in a debt-to-equity ratio of 1.98x[24] Portfolio Yields - The core ground lease portfolio has an economic yield of 5.8%[14] - The illustrative Caret adjusted yield is 7.5%[14]

Company Overview - Cirrus Logic was founded in 1984 and is listed on NASDAQ as CRUS[5] - The company's FY25 revenue was $1.90 billion[5] - Cirrus Logic has approximately 4,210 pending and issued patents worldwide[5] Growth Strategy - The company's three-pronged strategy includes maintaining its leadership in smartphone audio, increasing HPMS content in smartphones, and expanding into additional applications and markets[22] - Cirrus Logic is expanding its SAM (Serviceable Available Market) in a vast mixed-signal market, projecting the audio and high-performance mixed-signal market to reach $8.5 billion in 2029, compared to $6.8 billion in 2025[24] - The company is focused on expanding into laptops, tablets, wearables, gaming, and AR/VR, as well as professional audio, automotive, industrial, and imaging end markets[35] - The PC SAM (Serviceable Available Market) is approximately $1.2 billion, comprising ~$440 million in audio SAM and ~$800 million in HPMS SAM[37] Financial Performance - In Q1 FY26, Cirrus Logic's revenue was $407.3 million, with a gross margin of 52.6% and combined R&D/SG&A expenses of $141.6 million[48] - The company's Q2 FY26 guidance projects revenue between $510 million and $570 million, with a gross margin between 51% and 53% and combined R&D/SG&A expenses between $153 million and $159 million[48] - In Q1 FY26, the company's largest customer represented 86% of total revenue[52] - The company generated $1.7 billion of operating cash flow over the last 5 full fiscal years[58]

Financial Performance - AMD achieved a record second quarter revenue of $7.7 billion, a 32% year-over-year increase[18] - The GAAP gross margin was 40%, a decrease of 9 percentage points year-over-year, while the non-GAAP gross margin was 43%, a decrease of 10 percentage points year-over-year[22, 30, 31] - GAAP diluted earnings per share (EPS) was $0.54, and non-GAAP diluted EPS was $0.48[28] Segment Performance - Data Center segment revenue reached $3.24 billion, up 14% year-over-year, but with an operating loss of $155 million[32] - Client and Gaming segment revenue was $3.621 billion, a significant increase of 69% year-over-year, with an operating income of $767 million[32] - Embedded segment revenue was $824 million, a decrease of 4% year-over-year, with an operating income of $275 million[32] Future Outlook - AMD projects revenue of approximately $8.7 billion, plus or minus $300 million, for Q3 2025[37] - The company anticipates a gross margin of around 54% for Q3 2025[37] - AMD expects operating expenses of approximately $2.55 billion for Q3 2025[37]

Financial Performance - Total revenue for Q2 2025 was $620 million, at the high end of guidance[16] - Non-GAAP operating margin was 22.6%, above the high end of guidance[16] - Non-GAAP EPS was $1.06, up 16% year-over-year[16] - Free cash flow was $144 million, up 33% year-over-year[16] - The company has $500 million buy back authorization[16] - The company expects approximately $515 million to $520 million free cash flow for FY2025[98] - The company expects Non-GAAP EPS between $4.20 to $4.32 for FY2025[98] - Total ARR reached $2.59 million[14] Strategic Partnerships and Products - The company has extended its partnership with NiCE to power RingCentral Contact Center with CXOne[17] - The company has expanded its partnership with AT&T to include Office@Hand Contact Center and RingSense[20] - The company is on track to achieve $100 million+ ARR from new products by the end of 2025[35] Market Opportunity and Leadership - The company estimates a large market opportunity of approximately $150 billion[23] - The company is the 1 market share leader in UCaaS by Synergy Research Group[14, 29]