Floor & Decor (NYSE:FND) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsBrad Paulsen - CEOBryan Langley - EVP and CFOChuck Grom - Managing DirectorMax Rakhlenko - DirectorSteven Forbes - Senior Managing Director of Equity ResearchTom Taylor - Executive ChairWayne Hood - SVP of Investor RelationsConference Call ParticipantsChris Horvers - Senior AnalystMichael Lasser - Equity Research Analyst of Hardlines, Broadlines, and Food RetailPeter Keith - Managing Director and Senior Research ...

Perdoceo Education (NasdaqGS:PRDO) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAshish Ghia - CFOTodd Nelson - President and CEOOperatorHello, and thank you for standing by. At this time, I would like to welcome everyone to the Perdoceo Education Corporation Q4 and Full Year 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. I would now like to turn the call over to Nick Nelson, Alpha IR Group. Nick, please go ahead.Nick NelsonThank ...

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 CarSid 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. CarSid grew 8% year-over-year, with 1,357 new paying U.S. dealers added [21] - International dealer count growth surged 14% year-over-year to 8,360 dealers [22] - CarGurus influenced 55% of all attributed vehicle sales in 2025, reinforcing its market position [10] 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, including Price Vantage and CG Discover [5][19] - The strategy includes leveraging AI-driven innovation to enhance product velocity and differentiation [4][19] Management 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 revenue growth of 10%-13% year-over-year for 2026, with continued investment in product and technology [28] - Management highlighted the importance of trust and clarity in consumer decision-making, especially in the evolving AI landscape [18] 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 was 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 indicated strong growth visibility due to effective execution on growth levers and new product introductions, which are 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 as they have been launched and are part of the operating plan [39] Question: Margin outlook and investment strategy - Management emphasized a focus on long-term growth and healthy margins, indicating that the 2026 margin guidance is not a new normal but rather a strategic investment phase [41][42] Question: Contribution of dealer count and CarSid to revenue - Management did not break out revenue outlook between CarSid and dealer count but noted the relationship between the two metrics [54] Question: Factors driving improved dealer satisfaction and retention - Improved dealer satisfaction is attributed to clear ROI, lead growth, and the introduction of new software and data tools that enhance profitability [57][59] Question: Traffic growth and consumer engagement - Traffic growth is driven by enhanced consumer experience and broader reach through marketing campaigns, including the Big Deal campaign [68]

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] - 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 expanded its geographic coverage significantly, making its product available to nearly every homeowner in the lower 48 states [20] - The operational changes under Opendoor 2.0 have resulted in a more tailored approach to pricing and selection, improving the overall market strategy [34] Company Strategy and Development Direction - The company aims to achieve adjusted net income profitability by the end of 2026 on a 12-month go-forward basis, focusing on improving unit economics and transaction velocity [2][39] - The strategy includes a shift from primarily building channels to transacting directly with buyers and sellers, reducing capital risk [3] - The company is investing in product development, particularly in AI and mortgage products, to enhance operational efficiency and customer experience [47][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory, stating that the operational changes are yielding positive results and that they are on track to meet their goals [41] - The CEO emphasized that the company is not relying on favorable macro conditions but is actively improving its operations to achieve profitability [41] - Management acknowledged the importance of building trust with customers to become the default option for home selling [59] Other Important Information - The company has made significant advancements in AI integration, improving underwriting processes and operational efficiency [50][51] - 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 they are on track and performing well against their four-step plan, with improvements in contribution margins since September [41] Question: What are the primary macro or pricing drivers preventing a faster ramp in acquisition contract volumes? - Management indicated that they are focused on product investment rather than immediate growth, which may affect acquisition volumes in the short term [44][46] Question: How should investors assess progress given the stock's decline? - Management advised that investors should focus on the underlying business improvements rather than the stock price, emphasizing the importance of building a product that people want [62][64] Question: If home prices drop another 5%-10% nationally, what happens to margins and inventory risk? - Management highlighted that Opendoor 2.0 is designed to move homes quickly rather than hold them, utilizing a broader toolkit for pricing and selection to mitigate risks [66]

Socket Mobile (NasdaqCM:SCKT) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsKevin Mills - CEOLynn Zhao - CFOSteve Swanson - Private InvestorOperatorGood day, everyone, and welcome to the Socket Mobile Q4 2025 earnings call. My name is Elvis, and I'll be your operator for today's call. Before we begin, I'd like to remind everyone that this conference may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of ...

Floor & Decor (NYSE:FND) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsBrad Paulsen - CEOBryan Langley - EVP and CFOChuck Grom - Managing DirectorMax Rakhlenko - DirectorSteven Forbes - Senior Managing Director of Equity ResearchTom Taylor - Executive ChairWayne Hood - SVP of Investor RelationsConference Call ParticipantsChris Horvers - Senior AnalystMichael Lasser - Equity Research Analyst of Hardlines, Broadlines, and Food RetailPeter Keith - Managing Director and Senior Research ...

Texas Roadhouse (NasdaqGS:TXRH) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsDavid Palmer - Senior Managing DirectorDennis Geiger - Executive DirectorJacob Aiken-Phillips - VP Equity ResearchJeff Farmer - Managing DirectorJerry Morgan - CEOKeith Humpich - Chief Accounting and Financial Services OfficerMichael Bailen - VP of Investor RelationsMike Lenihan - CFORahul Krotthapalli - VP, Equity ResearchConference Call ParticipantsAndrew Charles - Managing Director and Research Analyst ...

Socket Mobile (NasdaqCM:SCKT) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsKevin Mills - CEOLynn Zhao - CFOSteve Swanson - ShareholderOperatorGood day, everyone, and welcome to the Socket Mobile Q4 2025 earnings call. My name is Elvis, and I'll be your operator for today's call. Before we begin, I'd like to remind everyone that this conference may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the ...

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 ...

Texas Roadhouse (NasdaqGS:TXRH) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Speaker15Good evening, and welcome to the Texas Roadhouse fourth quarter earnings conference call. Today's call is being recorded. All participants are now in a listen-only mode. After the speaker's remarks, there will be a question-and-answer session. At that time, if you would like to ask a question, please press star, then the number one on your telephone keypad. Should anyone need assistance at any time during the confer ...