Financial Data and Key Metrics Changes - The company reported a revenue of $736 million in Q4, representing a 20% quarter-over-quarter decline, which was better than the anticipated 35% decline [29] - GAAP gross profit was $57 million in Q4, compared to $66 million in Q3, with a GAAP gross margin of 7.7%, up 50 basis points sequentially [30] - Adjusted EBITDA loss was $43 million, compared to $33 million in Q3, exceeding the favorable end of the guidance range [31] - The net loss for Q4 was $1.1 billion, including a $933 million non-cash loss from convertible note refinancing [31] Business Line Data and Key Metrics Changes - The company increased home acquisitions by 46% quarter-over-quarter, purchasing 1,706 homes in Q4 [29][33] - The October 2025 acquisition contract cohort achieved over 50% sold through or in resale contract, marking a 2x improvement in resale velocity compared to October 2024 [28][29] - The percentage of homes on the market for over 120 days decreased from 51% at the end of Q3 to 33% at the end of Q4, reflecting operational improvements [34] Market Data and Key Metrics Changes - The company reported that the October acquisition cohort is on track to be the most profitable October cohort in company history, with the lowest margin degradation relative to home price appreciation [8][9] - The company expanded its geographic coverage significantly, making its product available to nearly every homeowner in the lower 48 states [20] Company Strategy and Development Direction - The company aims to achieve adjusted net income profitability by the end of 2026, focusing on driving positive unit economics and increasing transaction velocity [2][28] - The strategy includes a shift from primarily building channels to transacting directly with buyers and sellers, reducing capital risk [3][5] - The company is committed to transparency and accountability, with a focus on operational improvements and product enhancements [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory, stating that the structural changes made under Opendoor 2.0 are working and will lead to profitability [10][41] - The CEO emphasized the importance of investing in product development before scaling growth, indicating a long-term focus on building a robust product [46][48] - Management acknowledged that while the current housing market is not the strongest, the company's performance indicates a durable shift in operations [9] Other Important Information - The company has made significant advancements in AI integration, improving operational efficiency and reducing manual tasks [13][50] - The leadership team has undergone substantial changes, with new executives in key positions, enhancing the company's capabilities [12] Q&A Session Summary Question: Where is Opendoor at currently compared to expectations and profitability? - Management stated that the company is on track and performing well against its four-step plan, with improvements in contribution margins [41] Question: What are the primary macro or pricing drivers preventing a faster ramp in acquisition contract volumes? - Management indicated that while they could hit the top end of acquisition goals, they are prioritizing product investment over immediate growth [44][46] Question: How does Opendoor plan to become the default option for home sellers? - Management emphasized the importance of building trust through a reliable product and removing friction in the selling process [59][61] Question: How should investors assess progress given the stock's decline? - Management advised focusing on the underlying business improvements rather than the stock price, asserting that the business is structurally improving [62][64] Question: What happens to margins and inventory risk if home prices drop another 5%-10%? - Management explained that Opendoor 2.0 is designed to move homes quickly, reducing holding risks, and that they have a broader toolkit for managing pricing and selection [66]

JAKKS Pacific (NasdaqGS:JAKK) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsJohn Kimble - CFOStephen Berman - Chairman, CEO, and Co-FounderConference Call ParticipantsEric Beder - CEO and Senior Research AnalystGerrick Johnson - Managing Director and Senior Equity AnalystModeratorAfternoon, everyone. Welcome to the JAKKS Pacific fourth quarter and full year 2025 earnings conference call with management, who will review financial results for the quarter ended December 31st, 2025. JA ...

Live Nation Entertainment (NYSE:LYV) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAmy Yong - SVP of Investor RelationsJoe Berchtold - CFOKutgun Maral - DirectorMichael Rapino - CEOStephen Laszczyk - VPConference Call ParticipantsBatya Levi - Equity Research AnalystBrandon Ross - Partner and Media and Technology AnalystCameron Mansson-Perrone - Equity Research AnalystDavid Karnovsky - Senior Research AnalystPeter Henderson - Equity Research AnalystRobert Fishman - Senior Research A ...

RingCentral (NYSE:RNG) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAndrew King - Senior Research AssociateBrian Peterson - Managing DirectorKira Makagon - President and COOSiti Panigrahi - Managing DirectorSteven Horwitz - VP of Investor RelationsVaibhav Agarwal - CFOVlad Shmunis - Founder, Chairman, and CEOConference Call ParticipantsJamie Mansell - Equity Research AnalystNone - AnalystOperatorGood afternoon, and welcome to the RingCentral Fourth Quarter 2025 Earnings Conference ...

Financial Data and Key Metrics Changes - In Q4 2025, total revenue reached $239 million, a 20% year-over-year increase, exceeding guidance by $3 million [28] - Subscription revenue for Q4 was $219 million, up 21% year-over-year [28] - For the full year 2025, total revenue was $885 million, also a 20% increase compared to the previous year [31] - Non-GAAP operating margin for Q4 was 19.1%, beating guidance by 160 basis points [28] - Full-year non-GAAP operating margin was 9.9%, exceeding guidance by 50 basis points [32] Business Line Data and Key Metrics Changes - Subscription revenue growth for the full year 2025 was 22%, driven by both new customers and account expansions [31] - Professional services revenue for Q4 was $20 million, showing slight growth year-over-year [29] - The number of contracts valued over $100K per year increased by 22% year-over-year, indicating strong demand [30] Market Data and Key Metrics Changes - International revenue accounted for 27% of total revenue, up 300 basis points from the previous year [32] - The gross retention rate was 97%, exceeding the target of 96%, while the net retention rate was 113% for Q4 [30] Company Strategy and Development Direction - The company aims to leverage AI capabilities to enhance its platform, focusing on trust and data integrity in an AI-driven environment [8][9] - Workiva is positioning itself as a trusted platform for CFOs, emphasizing the importance of data accuracy and traceability [9] - The company is expanding its leadership team to strengthen its go-to-market strategy and operational efficiency [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the IPO market in 2026, despite a moderation in Q4 activity [64] - The company anticipates total revenue for Q1 2026 to range from $244 million to $246 million, with a full-year expectation of $1.036 billion to $1.04 billion [35][36] - Management highlighted the importance of operational rigor and efficiency in achieving long-term financial targets [67] Other Important Information - The company has made significant progress towards its 2027 operating margin targets, with a focus on operational efficiency [33] - A new share repurchase program was authorized, reflecting confidence in the company's intrinsic value [34] Q&A Session Summary Question: Role of AI in New Wins - Management noted that AI is a strong topic of conversation in customer discussions, contributing to multi-solution account expansions [40][41] Question: Operational Rigor and Margin Opportunities - Management indicated that there are opportunities for continued progress in operational efficiency across the business, particularly in sales and marketing [44] Question: Insights from New CRO - The new CRO is focusing on building a strong global team, refining sales strategies, and enhancing the partner ecosystem [48][49] Question: NRR and New Customer Contribution - For 2026, the company is modeling a net retention rate of 110%, with a typical split of 40% new customers and 60% from expansions [52] Question: AI Usage and Roadmap - Approximately 30% of customers have enabled AI on the platform, with increasing adoption and positive feedback on new features [56][57] Question: Capital Markets Guidance - Management is optimistic about IPO activity in 2026, incorporating growth expectations into their guidance while acknowledging macroeconomic factors [64][65]

Financial Data and Key Metrics Changes - Revenue from continuing operations grew 14% year-over-year for the full year 2025, marking the second consecutive year of mid-teens growth [4][21] - Adjusted EBITDA from continuing operations increased by 25% year-over-year [4][23] - Fourth quarter revenue grew 15% year-over-year to $241 million, driven by strength in subscription-based listings revenue and international business [21] - Full-year non-GAAP net income per diluted share attributable to common stockholders was $2.28, up 31% year-over-year [25] Business Line Data and Key Metrics Changes - Consolidated QARSD grew 8% year-over-year, with global paying dealer count increasing by 2,399 [7][21] - Add-on product adoption rose nearly 25% year-over-year, indicating strong engagement and platform usage [7] - International revenue grew 27% year-over-year, with fourth quarter revenue up 32% year-over-year [22] Market Data and Key Metrics Changes - U.S. QARSD grew 8% year-over-year in the fourth quarter [21] - International QARSD grew 16% year-over-year in the fourth quarter [22] - The dealer count in international markets surged 14% year-over-year to 8,360 dealers [22] Company Strategy and Development Direction - The company aims to expand its suite of data-driven solutions across dealer workflows, enhancing profitability for dealers [7] - Focus on product innovation, with more new products launched in 2025 than in any prior year, embedding data and intelligence into dealer workflows [5][19] - The strategy includes moving into software and data across dealer workflow verticals, effectively doubling the total addressable market [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth rates due to strong visibility and no customer concentration [32] - The company anticipates continued investment in AI-driven innovation and product development, with expectations for new products to significantly contribute to revenue growth [19][35] - The outlook for 2026 includes revenue growth expectations of 10%-13% year-over-year, with a focus on long-term growth and healthy margins [28] Other Important Information - The company completed the wind down of CarOffer, presenting its financial results as discontinued operations [20] - A new $250 million share repurchase program has been authorized, reflecting the company's commitment to returning value to shareholders [26] Q&A Session Summary Question: Visibility of growth rate and new products' contribution - Management highlighted that strong growth is driven by QARSD and new dealer additions, with new products expected to enhance long-term growth [32][34] Question: Inclusion of Price Vantage in revenue guidance - Price Vantage and New Car Exposure are included in the revenue guidance, with significant potential in non-marketing verticals [39][40] Question: Margin outlook for 2026 - The company aims to optimize for long-term growth while maintaining healthy margins, with investments focused on product development and international expansion [41][49] Question: Contribution of dealer count and QARSD to revenue outlook - Management noted that while they do not break out revenue contributions, there is a relationship between dealer count growth and QARSD [55] Question: Factors driving improved dealer satisfaction and retention - Enhanced ROI for dealers, lead growth, and new software tools have contributed to record retention rates [57][59] Question: Traffic growth and consumer experience improvements - Investments in AI and brand campaigns have driven traffic growth, with a focus on enhancing the consumer experience [68]

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenue of $2.73 billion, with Adjusted EBITDA of $234 million, and reduced debt by $285 million [5][24] - Fourth quarter revenue was $748 million, a 2% increase year-over-year and $18 million above guidance, with a gross margin of 26.1% [6][18] - Adjusted EBITDA for the fourth quarter was $54 million, down 27% year-over-year, with a net loss of $8 million compared to a net loss of $188 million in the prior year [22][23] Business Line Data and Key Metrics Changes - Nurse and Allied Solutions revenue for the fourth quarter was $491 million, an 8% increase year-over-year, while Physician and Leadership Solutions revenue was $170 million, down 2% year-over-year [7][21] - Technology and Workforce Solutions revenue was $88 million, down 18% year-over-year, and Language Services revenue was $70 million, down 9% year-over-year [22] - Labor Disruption revenue in the fourth quarter was $124 million, nearly doubling from the year-ago quarter [6][12] Market Data and Key Metrics Changes - The company anticipates Nurse and Allied revenue to increase by more than 135% year-over-year in Q1 2026, while Physician and Leadership Solutions revenue is expected to decline by 5%-8% year-over-year [8][9] - VMS revenue in the fourth quarter was $16 million, a decrease of 28% year-over-year [11] - The company expects mid-teen growth in international staffing for 2026, supported by recent advancements in visa processing [42][45] Company Strategy and Development Direction - The company is focusing on enhancing its technology and operational capabilities to support labor disruption events while minimizing disruption to core business [12][29] - Investments in AI technology are aimed at improving operational efficiency and expanding service offerings, particularly in language services [10][64] - The company views 2026 as a transition year, aiming to return all business segments to growth while maintaining a sustainable organic revenue growth target of 4%-6% per year [16][72] Management's Comments on Operating Environment and Future Outlook - Management noted signs of normalization in the healthcare labor market, with increased demand for a blended labor model among clients [15] - The company is optimistic about improving earnings power due to enhanced technology and operational agility [17] - Management expressed confidence in the ability to support clients through labor disruption events while maintaining quality patient care [12][88] Other Important Information - The company ended 2025 with a net leverage ratio of 3.3x and cash and equivalents of $34 million [24] - Full year cash flow from operations was $269 million, with capital expenditures totaling $36 million [25] Q&A Session Summary Question: Insights on labor disruption business - Management confirmed a dedicated strike team and technology to support labor disruption events, minimizing disruption to core business [28][29] Question: Concerns about AI disruption in language services - Management clarified that language services are regulated to require human interpreters, mitigating AI disruption risks [30][31] Question: Impact of strikes on staffing other projects - Management indicated that the ability to support strike events does not negatively impact staffing for core clients [48][49] Question: Expectations for bill rates post-strike - Management anticipates increases in bill rates for contingent labor to reflect wage expectations, with a focus on stabilizing rates [80][81] Question: Potential downsides of ongoing strikes - Management emphasized the importance of providing support during strikes for continuity of care, enhancing relationships with clinicians [86][88]

Rimini Street (NasdaqGM:RMNI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsDean Pohl - VP, Treasurer, and Investor RelationsMichael Perica - EVP & CFOSeth Ravin - CEO and PresidentConference Call ParticipantsAlex Fuhrman - Managing Director and Senior Equity Research AnalystBrian Kinstlinger - Senior Equity Research AnalystDaniel Hibshman - Senior Equity Research AnalystRichard Baldry - Managing Director and Senior Research AnalystNone - AnalystOperatorGood afternoon, ladies and g ...

World Kinect (NYSE:WKC) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsBraulio Medrano - Vice PresidentIra Birns - CFOMike Tejada - EVP and CFOConference Call ParticipantsKen Hoexter - AnalystOperatorThank you for standing by, and welcome to World Kinect Corporation's Q4 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during this session. To remove ...

Harmonic (NasdaqGS:HLIT) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsDavid Hanover - Investor Relations OfficerNimrod Ben-Natan - President and CEOTaran Katta - Equity Research AssociateWalter Jankovic - CFOConference Call ParticipantsRyan Koontz - Managing Director and Equity Research AnalystSimon Leopold - Managing Director and Senior Equity AnalystSteven Frankel - Director of Research and Senior Research AnalystOperatorWelcome to the fourth quarter and full year 2025 Harmonic ...