Company Overview - Symbotic is an AI-enabled technology platform transforming the supply chain[17] - The company's AI/software platform drives actionable insights from goods and location data to improve inventory optimization and order accuracy[19] - Symbotic has a transformative technology platform with 46 systems in deployment and 42 operational systems[22, 23] - The company has issued 650+ patents[23] Financial Highlights - Symbotic is experiencing YoY revenue growth of approximately 36%[23] - The company has a total backlog of $22.4 billion[23] - Symbotic is generating positive free cash flow[23] - In FY24, Symbotic's total revenue reached $1.788 billion, and adjusted EBITDA was $62 million[59, 62] - Symbotic reported a GAAP net loss of $84.672 million in FY24[62] Market Opportunity - The company is targeting large addressable markets, including a $432 billion one-time system sales opportunity in operator-owned warehouses[25, 26] - Symbotic has a $500 billion+ "outsourced" incremental annual warehouse-as-a-service opportunity through GreenBox[26]

Company Overview - Realty Income is the 6th largest global REIT with approximately $61 billion in gross real estate value[7] - The company has 15,606 commercial real estate properties[6] - Approximately 34% of rent comes from investment-grade clients[6] - The company's annualized base rent is approximately $5.17 billion[13] Portfolio Diversification - Approximately 90% of the total rent is resilient to economic downturns and/or isolated from e-commerce pressures[9] - Non-Discretionary, Low Price Point and/or Service-Oriented Retail accounts for 73% of the annualized base rent[9] - The company has 1,630 clients across 91 industries[9] Financial Performance and Guidance - The company has a strong dividend track record with over 30 consecutive years of rising dividends and a 4.2% CAGR[10] - The company is increasing its 2025 investment volume guidance to approximately $5.0 billion[22] - The company expects AFFO per share in the range of $4.24 to $4.28 for 2025[22] Investment and Capital Strategy - The company invested $1.2 billion in the second quarter of 2025 at an initial weighted average cash yield of 7.2%[22] - The company sourced $43 billion of volume in the second quarter of 2025, reflecting a 2.7% selectivity rate[22] - The company has sourced ~$66B in volume year-to-date, including $43B in 2Q alone[64]

Q2 2025 Performance Highlights - Lyft's active riders reached 261 million, a 10% year-over-year increase and an all-time high[7, 23, 24] - Total rides amounted to 2348 million, a 14% year-over-year increase and an all-time high[7, 26, 27] - Gross bookings reached $45 billion, a 12% year-over-year increase and an all-time high[7, 30] - Adjusted EBITDA reached $129 million, resulting in a 29% margin of gross bookings, marking an all-time high[7, 32, 33] - Free cash flow for the trailing twelve months was $993 million[7, 35, 37] Growth Strategy & Partnerships - Over 50 million rides were connected to a partnership in Q2'25, an increase of over 25% year-over-year[10] - Riders connected to a partner were 15x more likely to choose a high-value mode and took rides that are 13x longer, on average, during Q2[11] Q3 2025 Guidance - Gross bookings are projected to be approximately $465 billion to $480 billion, representing a 13% to 17% year-over-year increase[38] - Adjusted EBITDA is expected to be between $125 million and $145 million[38] - Adjusted EBITDA margin is anticipated to be approximately 27% to 30% of gross bookings[38] Financial Efficiency - Marketplace incentives continue to deliver leverage, with the company on track to deliver its 2024 to 2027 target of 10% annual incentive efficiencies[41]

Financial Performance - CSG achieved record H1 revenue of $597 million, a 1.9% year-over-year increase[32] - The company's H1 non-GAAP adjusted operating margin was 19.5%, a 16% year-over-year increase[32] - H1 non-GAAP EPS increased by 13% year-over-year, driven by strong non-GAAP operating income[32] - Non-GAAP adjusted free cash flow for H1 was $47 million, the best H1 performance in a decade[10, 36] - CSG is raising certain 2025 financial guidance targets, with adjusted free cash flow now projected between $120 million and $150 million[10, 37] Strategic Priorities - CSG is focused on achieving 2% - 6% organic revenue growth, with >35% revenue diversification from faster-growth industry verticals[11] - The company is targeting an 18% - 20% non-GAAP adjusted operating margin[20] - CSG is committed to returning $100+ million in capital to shareholders in 2025 through dividends and share repurchases[11, 36] Capital Allocation - CSG returned $59 million to shareholders in H1 through dividends and share buybacks[10, 36] - The company is on track to deliver on its 2025 $100M+ shareholder remuneration target[10] - CSG has returned ~$600+ million to shareholders since 2020[23]

Financial Performance - Q2 2025 - Net sales reached $128 billion, a 102% year-over-year increase and 52% above the high end of guidance[10] - Non-GAAP diluted EPS was $061, exceeding the midpoint of guidance by $003[10] - Non-GAAP net income increased by 177% year-over-year to $142 million[10] - Adjusted EBITDA grew by 49% year-over-year to $294 million[10] - Opex leverage improved by 17 bps year-over-year, with Opex at 544% of net sales[10] Financial Performance - H1 2025 - Net sales totaled $251 billion, a 105% year-over-year increase[14] - Non-GAAP net income increased by 144% year-over-year to $287 million[14] - Adjusted EBITDA grew by 39% year-over-year to $585 million[14] - Non-GAAP diluted EPS increased by $007 year-over-year to $122[14] - Opex leverage improved by 46 bps year-over-year, with Opex at 528% of net sales[14] Geographical Performance - Q2 2025 - North America accounted for 39% of net sales[35] - EMEA contributed 27% of net sales[35] - Asia Pacific represented 27% of net sales[35] - Latin America accounted for 7% of net sales[35] Geographical Performance - H1 2025 - North America accounted for 38% of net sales[35] - EMEA contributed 27% of net sales[35] - Asia Pacific represented 28% of net sales[35] - Latin America accounted for 7% of net sales[35] Q3 2025 Guidance - Net revenue is projected to be between $11875 billion and $12375 billion, representing year-over-year growth of 10% to 52%[41] - Gross profit is expected to be approximately $845 million[41] - Non-GAAP diluted EPS is projected to be between $061 and $073, with a midpoint of $067[41]

Financial Performance - Portfolio purchases increased by 32% to $367 million[7] - Collections increased by 20% to a record $655 million[7] - Estimated Remaining Collections (ERC) increased by 12% to a record $94 billion[7] - Earnings Per Share (EPS) increased from $134 in Q2 2024 to $249 in Q2 2025[7] - Cash generation increased by 23%[18] - The company updated its full-year guidance, projecting collections to increase by 155% to $25 billion[43] U.S. Market (MCM) - Portfolio purchases in the U.S. increased by 34% compared to Q2 2024, reaching $317 million[7, 26] - Collections in the U.S. increased by 24% compared to Q2 2024, reaching $490 million[7, 26] European Market (Cabot) - Collections in Europe increased by 10% compared to Q2 2024, reaching $164 million[7, 31] - Portfolio purchases in Europe were $50 million, in line with historical trends[7, 31] Liquidity and Debt - Available liquidity was $547 million, including $397 million in available Revolving Credit Facility (RCF) and $150 million in cash[38] - The company increased the size of its revolving credit facility by $190 million to $1485 billion and extended its maturity to 2029[38]

Financial Performance - Total revenue for Q2 FY2025 reached $111.8 million, compared to $99.4 million in Q2 FY2024[10] - The company achieved revenue growth of 12% year-over-year[7] - Average Contract Value (ACV) increased to $15,321 in Q2 FY2025, up from $13,403 in Q2 FY2024, representing 14% growth[7, 10] - Remaining Performance Obligation (RPO) grew to $347.0 million, compared to $295.1 million[10] - Current Remaining Performance Obligation (cRPO) increased to $251.6 million, compared to $212.5 million[10] - Non-GAAP Gross Margin remained consistent at 79%[10, 57] - Non-GAAP Operating Margin improved to 9%, compared to 5%[10, 57] - Non-GAAP Free Cash Flow (FCF) Margin increased to 5%, compared to 3%[10, 57] Customer Metrics - The company has approximately 30,000 customers across 100+ countries[7] - The number of customers contributing >=$10k in ARR increased to 9,517 from 8,966[10] - The number of customers contributing >=$50k in ARR increased to 1,826 from 1,545[10] Acquisition and Guidance - Sprout Social acquired NewsWhip for $55 million in cash, with up to $10 million in performance-based cash earnouts over two years[39] - The company projects total revenue for Q3 FY2025 to be between $114.4 million and $115.2 million, and for the full year FY2025 between $452.9 million and $455.9 million[45] - The company projects Non-GAAP Operating Income for Q3 FY2025 to be between $9.3 million and $10.3 million, and for the full year FY2025 between $43.1 million and $45.1 million[45]

NextNav's Solution and Spectrum - NextNav proposes a terrestrial GPS complement and backup using its Lower 900 MHz licenses in partnership with 5G network providers, without taxpayer funding[15] - NextNav holds licenses covering over 96% of U S POPs, and over 4 Billion MHz-POPs[17] - NextNav's spectrum offers long-range coverage and in-building penetration, with a proposed 10MHz downlink for broadband data[20] - NextNav's proposed new band plan optimizes a paired 5+10 MHz block suitable for PNT and 5G services[25] The Need for Terrestrial GPS Complement - A day without GPS would wreak havoc[8] - GPS is vulnerable to spoofing and jamming, as well as natural phenomena[10] - The US needs a system of systems to back up and complement GPS, including a terrestrial component[15] Economic Value and Market Opportunity - The total value of the GPS complement and backup is $14 6 billion[20] - A 1-day GPS outage could result in $1 6 billion in potential U S economic loss, while a 30-day outage could lead to $31 9 billion in losses[35] - Adopting NextNav's proposal could prevent an economic loss of $663 million (1 day outage) to $31 9 billion (30 day outage)[35] NextNav's 5G PNT Network Architecture - NextNav's PNT network will be seamlessly and efficiently integrated into 5G networks[32] - It is capable of leveraging partners' 5G network facilities[32] Financial Position - NextNav finished the second quarter with $176 1 million in cash, cash equivalents, and marketable securities[39]

Q2 2025 Financial Performance - Revenue reached $166 million, exceeding the high-end of guidance[6] - Non-GAAP operating income was $23 million, also above guidance[6] - Non-GAAP EPS was $0.36, surpassing the high-end of guidance[6] - Semiconductor revenue remained stable at $124 million compared to Q1 2025[19] - Gross margin improved to 42.6% on a Non-GAAP basis[24] Market and Regional Revenue - Semiconductor market accounted for 75% of total revenue[18] - APAC region contributed 59% of total revenue, reaching $98 million[21, 22] - China's revenue decreased to $27 million[22] Forward Guidance - Q3 2025 revenue is projected to be between $150 million and $170 million[26] - Q3 2025 Non-GAAP diluted EPS is expected to be $0.20-$0.35[26] Strategic Focus - Veeco's technologies are critical for several semi manufacturing process steps[9] - The company sees opportunity to outperform WFE growth[11] - Increase in evaluations to enable penetration of key SAM growth opportunities[14]

Financial Performance - Revenue reached $105933000[8], a decrease of 11% year-over-year[24] - GAAP operating expenses, including cost of revenue, decreased by 17%[8] - Non-GAAP adjusted operating expense decreased by 23% due to business transformation and cost management[8] - GAAP net loss attributable to the Company was ($15000000) and Non-GAAP Adjusted EBITDA was $15000000, representing 14% of revenue, up 4% year-over-year[8] - GAAP loss per share was ($032) and non-GAAP earnings per share was $011[8] - Operating Cash Flow was $10000000 and Free Cash Flow was $5000000[8] Segment Highlights - Pay TV revenue decreased by 18%, with Core Pay TV decreasing by 37% but IPTV increasing by 24%[24] - Consumer Electronics revenue increased by 9%, or 23% excluding Perceive[24] - Connected Car revenue decreased by 20%[24] - Media Platform revenue increased by 18%[24] - IPTV subscriber growth exceeded 30% across North America and Latin America[18] 2025 Exit Goals - The company aims to exit 2025 with 10 TV partners, 5 million monthly active users on the TiVo One ad platform, and an Annual Revenue Per User (ARPU) exit rate of $10[15] 2025 Financial Outlook - The company projects revenue between $440000000 and $460000000[30] - Adjusted EBITDA Margin is expected to be between 15% and 17%[30]