Financial Data and Key Metrics Changes - Total revenue for 2025 was $249.3 million, with subscription revenue representing 53% of total revenue, up from 45% in 2024 [12][13] - In Q4 2025, total revenue was $55.3 million, a 22.1% year-over-year decline, with subscription revenue at $28.8 million, down 22% year-over-year [14][15] - Adjusted EBITDA for Q4 was a loss of $10.3 million, an improvement from a loss of $22.8 million in Q4 2024 [17] - Net loss for Q4 was $25.2 million, compared to $30.7 million in the previous quarter, representing a 43.5% improvement year-over-year [17] Business Line Data and Key Metrics Changes - Amwell Medical Group (AMG) visit revenue was $23.7 million, down 18.7% year-over-year, with paid AMG visits flat at approximately 340,000 [15] - Total platform visits were 1 million, down 28.4% year-over-year from 1.4 million visits in Q4 2024 [15] Market Data and Key Metrics Changes - The healthcare landscape is shifting towards operational efficiency, with payers and health systems pursuing platform consolidation and automation [3][4] - The Medicare population is aging, pharmacy costs are surging, and clinician shortages are worsening, driving demand for technology-enabled care [4][5] Company Strategy and Development Direction - The company has focused exclusively on offering a tech platform, enhancing patient engagement and reducing costs through automation and AI [6][9] - Amwell has divested non-core activities, such as the sale of APC, and restructured to reduce costs and improve revenue quality [10][11] - The company aims to achieve cash flow breakeven from operations in Q4 2026, with a focus on high-quality, sticky revenue [11][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the impact of AI on healthcare and the company's role in integrating AI programs into a regulated infrastructure [26][29] - The company anticipates a strong secular trend towards technology-enabled care, with expectations for growth in both payer and government segments [44][46] Other Important Information - The company ended 2025 with approximately $182 million in cash and marketable securities and no debt [18] - For 2026, revenue is expected to be in the range of $195 million to $205 million, with AMG visits projected between 1.32 million and 1.37 million [18][19] Q&A Session Summary Question: What is the status of existing client contracts and government opportunities? - Management indicated that most contracts signed in 2025 were renewals, with significantly fewer open renewals in 2026, except for the DHA renewal expected in summer 2026 [22][23] Question: How does the company view the competitive landscape with new AI entrants? - Management is optimistic about AI's impact on healthcare and believes that their platform's ability to integrate multiple AI programs will provide a competitive advantage [25][27] Question: What are the headwinds and tailwinds for 2026 guidance? - Tailwinds include earlier adoption of the technology-enabled platform, while headwinds involve the upcoming DHA renewal [32][34] Question: Can you elaborate on the DHA revenue step down and potential recovery? - Management confirmed a step down in DHA revenue due to the elimination of certain programs but expressed confidence in the renewal and potential for additional revenue [35][36] Question: How does the company plan to resume growth in 2026? - Management emphasized the importance of their unified platform and the expected increase in usage across various care segments, particularly in government and payer markets [42][44]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported revenue of $370 million, with an earnings per share (EPS) of $0.29, aligning with expectations [17][24] - For the full year 2025, adjusted EPS was $1.27, up from $0.84 in the previous year, representing a 51% growth [16][20] - Gross margin for Q4 was 70.7%, down from 71.4% in the prior year, while the core Nu Skin business gross margin improved to 77.6% [17][19] - The company generated $1.49 billion in revenue for the full year, with a foreign currency headwind of approximately $13.4 million [18][21] Business Line Data and Key Metrics Changes - The core Nu Skin business saw a gross margin of 77.4% for the full year, an 80 basis point improvement over the prior year [19] - Selling expenses for the core business were 40.3% for the year, with expectations to maintain around 40% moving forward [20] Market Data and Key Metrics Changes - The company initiated pre-market operations in India in November 2025, with a formal market opening anticipated in late 2026 [5][12] - Latin America continues to show strong performance, providing insights for expansion into new emerging markets [13][44] Company Strategy and Development Direction - The company aims to focus on the $6.8 trillion wellness market with the launch of the Prysm iO Intelligent Wellness Platform [6][15] - Strategic priorities include expanding into India and improving operational performance and efficiencies [12][15] - The company plans to place over 100,000 Prysm iO devices by the end of 2026, targeting 10 million healthy households by 2030 [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth by the end of 2026, despite inherent switching costs during the transition [5][15] - The company is cautious about revenue projections for India, focusing on establishing local infrastructure and logistics [35][36] - Management highlighted the importance of the Prysm iO launch in enhancing customer engagement and lifetime value [10][24] Other Important Information - The company ended the quarter with approximately $240 million in cash and reduced outstanding debt to $224 million, resulting in an expanded net cash position [21] - The company returned approximately $11.8 million in dividends and $20 million in share repurchases during the year [21] Q&A Session Summary Question: Insights on Prysm's revenue contribution - Management indicated that the placement of Prysm devices will lead to subscriptions, with an estimated market value of around $300 per device, potentially generating $30 million from device sales alone [32] Question: Thoughts on India market potential - Management sees long-term potential in India but is cautious about immediate revenue forecasts, focusing on local infrastructure and logistics [36][37] Question: Guidance considerations and leverage points - Management discussed modeling for 2026, emphasizing gross margin expansion and maintaining selling expenses around 40% [40][41] Question: Other portfolio performance insights - Management highlighted the restaging of the Tru Face skincare line and improvements in various markets, including China and Latin America [43][44]

Atomera (NasdaqCM:ATOM) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Speaker1Hello 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 relations. As in prior quarters, we are using Zoom, and we will follow a similar presentation format with participants in a listen-only mode. We will ...

Maplebear (NasdaqGS:CART) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Speaker11Good day, and thank you for standing by. Welcome to the Instacart Fourth Quarter 2025 financial results 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 during the session, you will need to press star one one on your telephone. You will then hear a message advising your hand is raised. To withdraw you ...

XP (NasdaqGS:XP) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Speaker0Good evening, everyone. I'm André Parize, Investor Relations Officer at XP. Thank you for joining us. It's a pleasure to be here with you today. On behalf of the company, I would like to welcome you to our fourth quarter 2025 earnings call. Today's presentation will be delivered by our CEO, Thiago Maffra, and our CFO, Victor Mansur. Both will be available for the Q&A session immediately afterwards. If you'd like to ask a question d ...

Financial Data and Key Metrics Changes - The company reported record total revenues of $219.0 million for the full year 2025, a 22% increase from $179.5 million in 2024, and Q4 total revenues of $62.4 million, up 25% year-over-year from $50.1 million [15][18] - Gross margin for Q4 was 77%, and operating margin was 24%, with full-year gross margin at 76% and operating margin at 21%, exceeding prior long-term targets [19][23] - Earnings per share (EPS) for the full year was $0.94, reflecting a 12% growth from $0.84 in the previous year [20] Business Line Data and Key Metrics Changes - Platform revenue for Q4 was $52.5 million, up 20% year-over-year, while volume-based revenue was $9.9 million, up 58% [16] - For the full year, platform revenue was $181.0 million, a 15% increase, and volume-based revenue was $38 million, up 70% [17] - Recurring revenue for Q4 was $61.1 million, up 62% year-over-year, and for the full year, it was $205.1 million, a 41% increase [17] Market Data and Key Metrics Changes - The semiconductor industry is projected to exceed $1 trillion in revenue, with increasing complexity in manufacturing processes driving demand for AI-driven collaboration [4][11] - The company anticipates continued growth in 2026, consistent with a long-term target of 20% CAGR, driven by increased customer activity and demand for AI solutions [12][23] Company Strategy and Development Direction - The company is transitioning from an analytics platform provider to an AI-driven collaboration platform, focusing on orchestration systems that align operational processes and data sharing [5][6] - The acquisition of secureWISE and the development of Exensio Studio AI are key components of the company's strategy to enhance its product offerings and market position [18][21] - The company aims to expand its platform across the industry, leveraging its secureWISE and Symmetrics products for equipment control and connectivity [12][23] Management's Comments on Operating Environment and Future Outlook - Management highlighted the accelerating need for AI-driven collaboration in the semiconductor industry, with expectations for increased customer activity in 2026 [11][12] - The company is optimistic about opportunities in advanced memory and characterization systems, anticipating nearly doubling the number of eProbe machines in the field [11][12] - Management expressed confidence in achieving revenue growth consistent with long-term targets, even without inorganic growth contributions [12][23] Other Important Information - The company ended 2025 with a backlog of $254 million and positive operating cash flow of approximately $24 million [18][21] - Capital expenditures for 2025 were approximately $33 million, primarily related to DirectScan systems, with expectations for similar spending in 2026 [21][23] Q&A Session Summary Question: DirectScan systems shipment and future expectations - The company confirmed that four DirectScan systems were shipped in 2025, with a total of six currently in the field, and plans to nearly double that number in the coming year [30][31] Question: Capital expenditure outlook - The company plans to manage capital expenditures evenly throughout 2026, with a focus on maintaining subscription models for machines [36][38] Question: SAP relationship and expectations - The partnership with SAP is progressing well, with increased needs for orchestration and automation, and the company expects to build on its installed base through this collaboration [40][42] Question: Balance sheet and debt management - The company is comfortable with its current debt levels and plans to prioritize cash generation and balance sheet health before significant debt repayment [45][49] Question: Revenue methodology and growth expectations - The company has broken down revenue into recurring and upfront categories to provide better visibility, with expectations for continued growth in volume-based revenue driven by secureWISE and other products [52][54]

Financial Data and Key Metrics Changes - Revenue for Q1 2026 was $15.5 million, a 39% increase from $11.1 million in the prior year [12] - Gross margins improved to 32.9%, up 240 basis points from 30.5% in the prior year [12] - Operating profit increased to $1.4 million from an operating loss of $0.2 million in the prior year [13] - Net profit for the quarter was $1 million, a significant increase from a net loss of $0.4 million in the prior year [13] - Adjusted EBITDA was $2 million, up 265% from $0.5 million in the prior year [14] - Positive cash flow from operations was $1.7 million, compared to cash used in operating activities of $0.3 million in the prior year [14] - Total debt increased to $27.3 million from $15.3 million in the prior year, with working capital debt decreasing to $10.9 million [15] Business Line Data and Key Metrics Changes - The core material handling vertical showed strong progress, with new OEM integrated high-voltage battery systems scheduled for commercial deliveries in March 2026 [6] - Robotics is viewed as a high-growth vertical, with commercial deliveries of modular 48-volt battery systems initiated in January [7] - Defense is expected to become a meaningful revenue contributor this fiscal year, with deliveries made to a global defense contractor [6] Market Data and Key Metrics Changes - The company established a Japanese subsidiary to support growing demands in Japan and the Asia Pacific region [8] - Demand trends in automation, robotics, and energy storage for data centers align with the company's core strengths [8] Company Strategy and Development Direction - The company aims to expand manufacturing capacity in Jamestown, New York, and develop next-generation products and technologies [6] - Plans to launch new products for Class Three material handling vehicles and next-generation software solutions at MODEX 2026 [10] - The company is focusing on energy storage systems for emerging 800-volt DC data center architectures [9] Management's Comments on Operating Environment and Future Outlook - Management expects to build on the momentum from Q1 and reaffirmed revenue guidance of 30% growth for fiscal 2026 [17] - The company is optimistic about the long-term opportunities in robotics and defense sectors [6][31] - Management acknowledged the potential for government programs to support growth in the defense sector [34] Other Important Information - The company raised gross proceeds of $28 million from an equity issuance to support engineering and R&D efforts [15] - The company is transitioning to a U.S. domestic filer under SEC rules, which may broaden the investor base and improve trading liquidity [17] Q&A Session Summary Question: Update on customer sales funnel velocity - The company has strong visibility from large Fortune 100 and 500 companies, with a pipeline of new customers at various stages of testing and ordering [20][22] Question: Progress on stationary storage project pilots - Pilots are scheduled for a government-backed project and internal testing before customer site deployment [26][27] Question: Expected revenue contribution from defense sector - Robotics is expected to be the second largest revenue driver, with defense also contributing significantly [31] Question: CapEx outlook for Jamestown facility - The company expects to spend 90% of the $50 million EXIM loan before the end of the fiscal year, with increased CapEx in Q2 and Q3 [53] Question: Revenue contribution from Jamestown facility - Cell manufacturing is anticipated to start in fiscal 2027, with some revenue from battery systems expected in fiscal Q4 2026 [57] Question: Impact of semiconductor costs - The company has not seen significant impacts from semiconductor costs, with the ability to adjust pricing if necessary [86]

Financial Data and Key Metrics Changes - In Q4 2025, Roku achieved platform revenue growth of 18%, surpassing $1.2 billion, with Adjusted EBITDA of $169 million and net income of $80 million, all record figures [10][11] - For the full year 2025, platform revenue also grew by 18%, with Adjusted EBITDA of $421 million, representing a margin expansion of 255 basis points, and free cash flow of $484 million, marking over 100% year-over-year growth [11][12] - The company expects Q1 2026 platform revenue growth of over 21% and full-year growth of 18%, with full-year adjusted EBITDA guidance of $635 million, indicating over 50% year-over-year growth [11][12] Business Line Data and Key Metrics Changes - Q4 2025 was Roku's biggest quarter ever for premium subscription net adds, indicating strong performance in the subscription business [7] - The company plans to expand its subscription offerings and deepen integration with leading demand-side platforms in advertising [7][8] Market Data and Key Metrics Changes - Roku is on track to surpass 100 million streaming households globally, with significant growth in both U.S. and international markets [20] - The company is focusing on expanding its retail distribution, particularly in response to Walmart's shift to Vizio's operating system, while also enhancing partnerships with TV OEMs like TCL and Hisense [15][16] Company Strategy and Development Direction - Roku's strategy includes broadening retail distribution and diversifying partnerships, with significant investments in distribution to optimize market presence [15][16] - The company views AI as a significant opportunity, integrating it across its technology stack to improve content discovery, engagement, and monetization [24][25][27] - Roku is focused on maintaining its competitive advantage through its brand strength, monetization capabilities, and unique operating system designed specifically for TV [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining double-digit platform revenue growth while continuing to grow profitability, with a strong outlook for 2026 and beyond [8][12] - The company anticipates that international markets will become a larger percentage of overall platform revenue, with ongoing efforts to monetize subscriptions and advertising in regions like Mexico and Canada [44] Other Important Information - Roku has over $1 billion in deferred tax assets, which will keep cash taxes low for many years, contributing to strong free cash flow [12] - The company has initiated a share buyback program, purchasing $150 million of Roku stock in Q4 2025, achieving near 0% dilution [11] Q&A Session Summary Question: Can you help bridge the Q1 revenue outlook of over 21% growth to the full year outlook of about 18% growth? - Management explained that Q1 has easier comps and includes the full benefit of the Frndly acquisition, while visibility into Q1 is stronger than for the second half of the year [10][14] Question: Can you comment on your retail distribution strategy for 2026? - Management stated that they are diversifying retail distribution and optimizing investments across retail and OEM partners, with plans to expand distribution in various channels [15][16] Question: How do you think AI could impact the streaming landscape? - Management expressed excitement about AI reducing content costs, which would increase engagement on the platform, and emphasized that AI is a significant opportunity for Roku [24][25][27] Question: How is the third-party ad demand partnership with Amazon impacting the business? - Management indicated that it is early days for the Amazon partnership, but they are optimistic about its potential to drive growth as it ramps up [32][34] Question: Can you talk about the Howdy launch and Frndly acquisition? - Management reported positive progress with both initiatives, highlighting increased engagement and plans for expansion beyond Roku [86] Question: How do you see the impact of Netflix's acquisition of Warner Bros. on Roku? - Management believes Roku's scale makes it an essential partner for content owners, and they do not anticipate changes in their position regardless of industry consolidation [91] Question: What is the outlook for OPEX growth going forward? - Management expects OPEX to grow in the mid-single digits, with a focus on operational discipline and investment in high-return initiatives [93]

Financial Data and Key Metrics Changes - Revenue in Q1 2026 increased more than four times to $21.4 million, compared to $4.6 million in Q1 2025 [16] - Gross margin increased significantly to 78.6% in Q1 2026, compared to 24.5% in Q1 2025 [16] - Net loss for Q1 2026 was approximately $585.6 million, compared to a net loss of $0.7 million in Q1 2025, primarily due to a loss on digital assets [18] Business Line Data and Key Metrics Changes - Forward held approximately 6,962,501 Solana, with more than 99% staked, generating a staking yield between approximately 6.5% and 7.2% [12] - 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% [13][14] Market Data and Key Metrics Changes - Solana continues to lead across key metrics, including decentralized exchange trading volumes, active users, and developer engagement [6] - Institutional engagement has expanded significantly, with major asset managers like WisdomTree launching tokenized funds on 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 participating directly in economic activities occurring on-chain [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the volatility in the market but emphasizes the importance of Solana's current performance and real-world applications [6] - The company believes that the opportunity in front of Solana is increasingly clear, with a focus on long-term growth [5] Other Important Information - Forward became one of the first public companies to have its SEC-registered shares live on a public blockchain, with FWDI now issued on Solana [8] - The company launched fwdSOL, a proprietary liquid staking token, representing approximately 25% of its SOL holdings [9] Q&A Session Summary Question: Thoughts on 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: Potential M&A framework - The company is looking for accretive businesses in both DAT and non-DAT M&A, with a focus on product market fit and scalable unit economics [23] Question: Importance of SOL per share as a KPI - SOL per share growth is considered the North Star KPI, with a target to consistently generate returns greater than the staking yield [24] Question: Capital allocation strategy in different market conditions - The company plans to be adaptive, focusing on balance sheet quality and potential M&A opportunities when trading at discounts [40][41] Question: Staking yields and network usage growth - Management clarified that increased validator participation does not impact staking yields, and they expect yields to increase as network activity grows [44][46] Question: 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 - For Q4 2025, total revenue grew 13% to $751 million, with organic growth of 6.6% and contributions from M&A adding over five percentage points to the top line [31] - Full year 2025 revenues surpassed $3 billion, up 21% year over year, driven by organic growth of 10.1% and strong M&A contributions [4][32] - Adjusted EBITDA grew 19.2% to $967 million, with an adjusted EBITDA margin of 31.7%, slightly down from 32.2% in the prior year [4][32] - Adjusted earnings per share increased 9.5% to $1.96 [4][32] Business Line Data and Key Metrics Changes - The property business experienced a modest decline, particularly in Q4 where pricing dropped 25%-35% on large accounts [16][17] - The casualty practice had a strong year, with significant price increases in high-hazard lines exceeding 10% [18] - Delegated authority revenue doubled over the last two years to $1.4 billion, now representing 47% of total revenue [8] Market Data and Key Metrics Changes - The insurance market is currently experiencing significant volatility, with rapid shifts in pricing and market sentiment [5][6] - The company noted a trend of admitted carriers stepping back into certain segments, particularly on smaller accounts [16] - The overall market conditions are expected to lead to continued pricing pressures in property for 2026 [17][36] Company Strategy and Development Direction - The company is focused on a diversified platform to deliver innovative solutions, emphasizing the importance of specialized expertise and top talent [6][10] - A three-year restructuring program, Project Empower, is being launched to improve efficiency and create headroom for additional investment [10][35] - The company has authorized a $300 million share repurchase program, reflecting confidence in its long-term outlook and addressing current valuation dislocation [12][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth in property despite near-term pricing pressures, citing factors like increased demand for E&S solutions [17] - The company anticipates high single-digit organic revenue growth for 2026, reflecting current market conditions and continued investment in talent and technology [36] - Management emphasized the importance of AI as an enabler to improve client service and operational efficiency [46][47] Other Important Information - The company completed five acquisitions in 2025, contributing to significant diversification and expansion of its product offerings [9][25] - The board approved an 8% increase in the quarterly dividend for Class A stockholders, now at $0.13 per share [33][34] Q&A Session Summary Question: What is the driver behind the organic growth guidance for 2026? - Management noted that continued property pricing declines and moderating casualty growth are expected to impact organic growth, leading to a high single-digit guidance for 2026 [40][41] Question: How does the company view AI's impact on the brokerage sector? - Management views AI as an ally that will enhance efficiency and client service, emphasizing the importance of relationships and expertise over technology alone [46][47] Question: Can you discuss the share repurchase program and its relation to M&A? - Management clarified that the share repurchase program does not diminish their commitment to M&A, which remains a top priority for capital allocation [56][58]