Nu Skin Enterprises (NYSE:NUS) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsB.G. Hunt - VP of Treasurer and Investor RelationsDave Storms - Director of Equity ResearchJames Thomas - CFORyan Napierski - President and CEOOperatorGood day, and thank you for standing by. Welcome to the Q4 2025 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question, please press star one ...

Ryan Specialty Group (NYSE:RYAN) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsAndrew Kligerman - Managing DirectorBrian Meredith - Managing DirectorElyse Greenspan - Managing DirectorJanice Hamilton - CFOMatthew Heimerman - Managing DirectorMeyer Shields - Managing DirectorMiles Wuller - CEO of Underwriting ManagersPat Ryan - Founder and Executive ChairmanRob Cox - VP of Equity ResearchTim Turner - CEOConference Call ParticipantsAlex Scott - Equity Research AnalystOperatorGood aft ...

Financial Data and Key Metrics Changes - Recurring gross profits increased by 33% in 2025, with adjusted EBITDA margins expanding to 34% [5][26] - Annual recurring revenue (ARR) grew by 26%, reaching over $2 billion, while payment volume hit $195 billion [26] - GAAP operating income rose to $292 million from $16 million a year ago, driven by strong adjusted EBITDA and tight management of stock-based compensation [27][30] Business Line Data and Key Metrics Changes - SaaS ARR and subscription revenue each grew by 28% year-over-year, with SaaS ARPU in the core growing even faster than total SaaS ARPU [29] - Subscription gross profit increased by 33%, with SaaS gross margin expanding by 300 basis points year-over-year to 80% in Q4 [30] - Payments ARR grew by 24%, and fintech gross profit increased by 25% in Q4 [30] Market Data and Key Metrics Changes - The company added a record 30,000 net locations in 2025, ending the year with 164,000 locations [26] - The SaaS net retention rate remained healthy at 109% in 2025, supported by upsell and location expansion from existing customers [30] - The company continues to gain market share in its core U.S. SMB and mid-market restaurants, now powering 20% of these restaurants [8][9] Company Strategy and Development Direction - The company aims to double its market share and ARR over time, with a focus on growing market share in its core and demonstrating that new markets will be material growth drivers [8][12] - Investments in product differentiation and AI are prioritized to enhance customer adoption and drive differentiation [18][21] - The company plans to launch new products, including a drive-thru solution, to capture additional market segments [72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining high growth for the next 5-10 years, with a focus on reinvesting in growth initiatives [38] - The company anticipates 20%-22% growth in recurring gross profit streams and adjusted EBITDA of $775 million-$795 million for 2026 [36] - Management highlighted the importance of disciplined capital allocation while expanding margins over time [24][35] Other Important Information - The company has repurchased approximately 8 million shares for $235 million since the inception of its buyback authorization in 2024 [35] - The company is experiencing cost pressures from higher memory chip costs, which are expected to impact margins in the second half of 2026 [36][37] Q&A Session Summary Question: SaaS ARR per location and enterprise metrics - Management confirmed confidence in mid-single-digit SaaS ARPU growth for 2026, with core SaaS ARPU growing faster than total company metrics [41][43] Question: Net adds and new verticals contribution - Management indicated that net add growth in 2026 is expected to be higher than in 2025, with new TAMs contributing significantly to this growth [47][49] Question: AI disruption and competitive landscape - Management views AI as an opportunity to enhance the platform and drive innovation rather than a threat, emphasizing the unique value Toast provides [50][54] Question: R&D investment and margin framework - Management confirmed that the margin framework allows for increased R&D investment to capitalize on AI opportunities while targeting long-term margin goals [58][62] Question: Drive-through product rollout - Management stated that the upcoming drive-through product will open up new market opportunities, particularly in enterprise [72][73]

Yelp (NYSE:YELP) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsDavid Schwarzbach - CFOJed Nachman - COOJeremy Stoppelman - CEOJosh Willis - Investor Relations ManagerKishan Patel - Senior Equity Research AssociateNitin Bansal - VP of Equity ResearchRobert Coolbrith - Internet Equity ResearchConference Call ParticipantsJason Kreyer - Senior Research AnalystOperatorThank you for standing by. At this time, I would like to welcome everyone to today's Q4 2025 Yelp Incorporated Earnings ...

Corsair Gaming (NasdaqGS:CRSR) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsDavid Pasquale - VP of Investor RelationsDoug Creutz - Managing DirectorDrew Crum - Managing DirectorGordon Mattingly - CFOMatthew McCartney - Senior Equity Research AssociateThi La - CEOConference Call ParticipantsAaron Lee - Senior Research AnalystAnthony Stoss - Senior Research AnalystOperatorGood afternoon, and welcome to Corsair Gaming's Fourth Quarter and Full Year 2025 earnings conference call. As a ...

Dutch Bros (NYSE:BROS) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsAndrew Charles - Managing DirectorAndy Barish - Managing DirectorBrian James Harbour - Executive DirectorChristine Barone - CEO and PresidentChristine Cho - VPChristopher O'Cull - Managing DirectorDavid Tarantino - Director of ResearchDennis Geiger - Executive DirectorGregory Francfort - Managing DirectorJeffrey Farmer - Managing DirectorJohn Ivankoe - Managing DirectorJon Tower - Director of Equity ResearchJosh G ...

Financial Data and Key Metrics Changes - Revenue in Q1 fiscal 2026 increased more than four times to $21.4 million compared to $4.6 million in Q1 fiscal 2025 [16] - Gross margin increased significantly to 78.6% in Q1 fiscal 2026 from 24.5% in Q1 fiscal 2025, primarily driven by staking revenue from the Solana treasury strategy [16] - Net loss for Q1 fiscal 2026 was approximately $585.6 million, compared to a net loss of $0.7 million in Q1 fiscal 2025, largely due to a decline in the fair value of SOL holdings [18] Business Line Data and Key Metrics Changes - Forward held approximately 6,962,501 Solana as of December 31, 2025, with over 99% staked, generating a staking yield between 6.5% and 7.2% [13] - Fully diluted SOL per share increased from 0.0604 at the end of September 2025 to 0.0624 at the end of December 2025, representing a growth of roughly 13% in the fiscal first quarter [14] Market Data and Key Metrics Changes - Solana continues to lead in key metrics such as decentralized exchange trading volumes, active users, and developer engagement, demonstrating resilience and performance [6][7] - Institutional engagement has expanded significantly, with major financial institutions and payment platforms integrating with Solana [7] Company Strategy and Development Direction - The company aims to build a permanent capital vehicle that participates directly in the growth of the Solana ecosystem, evolving beyond a treasury into an active value-generating business [5] - Forward Industries is focused on compounding SOL per share by engaging directly in economic activities on-chain rather than relying solely on passive exposure [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the volatility in the market but emphasizes that Solana is now being evaluated based on actual performance rather than theoretical scalability [6] - The company believes the opportunity in front of Solana is increasingly clear, with a focus on long-term growth and responsible risk management [5][6] Other Important Information - Forward became one of the first public companies to have its SEC-registered shares live on a public blockchain, enhancing its operational capabilities [8] - The company launched fwdSOL, a proprietary liquid staking token, representing approximately 25% of its SOL holdings, allowing for efficient deployment of staked SOL [9] Q&A Session Summary Question: How does the company view recent token price volatility? - Management noted that SOL is down approximately 70% from its all-time high, which is typical in the crypto market, and emphasized maintaining a clean balance sheet [19][20] Question: What is the company's approach to potential M&A? - The company is looking for accretive acquisitions and is well-positioned to capitalize on opportunities due to its lack of institutional debt [23][24] Question: How should shareholders view SOL per share as a performance metric? - SOL per share growth is considered the North Star KPI, with a target to consistently generate returns greater than the staking yield [24] Question: What is the expected trend for staking yields as Solana network usage grows? - Management clarified that increased validator participation does not impact yields for stakers, and they expect yields to increase with network activity [43][44] Question: Can you clarify the nature of related party G&A expenses? - Related party expenses are associated with the launch of the digital asset treasury strategy and are expected to decrease in the coming months [50]

Financial Data and Key Metrics Changes - Total revenue decreased by approximately $3 million or 2.7% to approximately $108.5 million for the quarter ended December 31, 2025, compared to $111.5 million in the prior year period [4] - Operating income increased by approximately $2.7 million or 352.9% to $3.5 million for the first quarter, compared to approximately $800,000 in the prior year period [9] - Adjusted EBITDA for the first quarter was approximately $7.8 million, an increase of approximately $2 million or 35.7% compared to $5.7 million in the prior year period [10] Business Line Data and Key Metrics Changes - Retail-Flooring segment revenue for the first quarter was approximately $25.3 million, down $6.4 million or 20.2% compared to $31.7 million in the prior year period, primarily due to changes in store footprint and softness in the housing market [5] - Flooring Manufacturing segment revenue for the first quarter was approximately $28.9 million, a decrease of approximately $300,000 or 1.1% compared to approximately $29.2 million in the prior year period [6] - Steel Manufacturing segment revenue for the first quarter was approximately $31.9 million, a decrease of approximately $1.4 million or 4.3% compared to approximately $33.3 million in the prior year period [7] Market Data and Key Metrics Changes - The decline in revenue was primarily attributable to a $7.1 million decline in the Retail-Flooring and Steel Manufacturing segments, partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments [4] - Retail-Entertainment segment revenue for the first quarter was approximately $23.6 million, an increase of approximately $2.3 million or 11% compared to $21.3 million in the prior year period [4] Company Strategy and Development Direction - The company is rolling out a comprehensive strategy to integrate AI across business units to modernize operations and improve efficiency [11] - By applying AI alongside robotics and data analytics, the company aims to reinforce cost discipline that supports its long-term strategy [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the portfolio companies continued to strengthen their operating disciplines and optimize cost structures despite sustained softness in new home construction and home refurbishment markets [3] - The company delivered a solid first quarter marked by meaningful operating improvements across the businesses, despite a challenging housing market backdrop [11] Other Important Information - Gross profit was approximately $35.4 million for the first quarter, essentially unchanged compared to the prior year period, but gross margin increased by 90 basis points to 32.6% [8] - General and administrative expense decreased approximately $2.2 million or 7.4% to approximately $27.8 million, driven by targeted cost reduction initiatives [9] Q&A Session Summary Question: Are there any questions from the participants? - There were no questions from the participants during the Q&A session [13]

Bio-Rad Laboratories (NYSE:BIO) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsEdward Chung - VP of Investor RelationsJon DiVincenzo - President and COONorman Schwartz - CEORoop Lakkaraju - EVP and CFOConference Call ParticipantsDan Leonard - Managing Director and Senior Equity Research AnalystJack Meehan - Partner and Senior Equity Research AnalystTycho Peterson - Managing Director and Senior Equity Research AnalystOperatorGood day, everyone, and welcome to the Bio-Rad fourth quart ...

Atomera (NasdaqCM:ATOM) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsFrank Laurencio - CFOMike Bishop - Investor RelationsScott Bibaud - CEOConference Call ParticipantsRichard Shannon - AnalystMike BishopHello everyone, and welcome to Atomera's fourth quarter and fiscal year 2025 update call. I'd like to remind everyone that this call and webinar are being recorded, and a replay will be available on Atomera's IR website for one year. I'm Mike Bishop with the company's investor rel ...