Bandwidth (NasdaqGS:BAND) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsArjun Bhatia - Co-Group Head for Technology, Media, and CommunicationsDaryl Raiford - CFODavid Morken - Chairman and CEOJohn Bell - Chief Product OfficerPatrick Walravens - Managing Director and Director of Technology ResearchSarah Walas - VP of Investor RelationsConference Call ParticipantsErik Suppiger - Senior Research AnalystJoshua Reilly - Senior Research AnalystOperatorGood day, and welcome to the Bandwid ...

Financial Data and Key Metrics Changes - In-force premium grew to $1.24 billion, up 31% year-over-year, marking nine consecutive quarters of accelerating growth [5][11] - Revenue increased by 53% to $228 million, significantly outpacing in-force premium growth [13] - Gross profit rose 73% year-over-year to a record $111 million, with adjusted gross profit increasing 69% to $112 million [6][12] - Adjusted EBITDA loss narrowed to $5 million, representing a $19 million improvement year-over-year [6][17] - Positive adjusted free cash flow of $37 million was generated in Q4, marking the second consecutive year of cash reserves growth [6][14] Business Line Data and Key Metrics Changes - Customer growth was 23%, with approximately 550,000 new customers added in 2025, a 35% increase from the previous year [11] - Gross loss ratio reported at 52%, with favorable prior period development contributing positively [11][12] - Annual dollar retention remained stable at 85%, reflecting ongoing efforts in the home business [14] Market Data and Key Metrics Changes - Pet and car insurance segments are experiencing hypergrowth, with in-force premium growth in the 50s and Europe in the triple digits [7][20] - The autonomous car insurance product is expected to significantly impact future growth, with pricing based on real-time data from vehicles [9][10] Company Strategy and Development Direction - The company is focused on leveraging AI technologies to enhance go-to-market operations, pricing, and cross-selling capabilities [7][8] - The launch of Lemonade Autonomous Car aims to redefine auto insurance pricing based on driving behavior rather than traditional proxies [9][10] - The company plans to continue expanding its autonomous car product across the U.S., targeting a majority of the population by 2027 [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving EBITDA profitability in Q4 2026 and for the full year of 2027 [6][17] - The company is committed to maintaining a strong LTV to CAC ratio while investing in growth initiatives [28][29] - Management believes that the evolving insurance landscape due to AI will create new opportunities despite potential market contractions [24][25] Other Important Information - The company ended the quarter with approximately $1.1 billion in cash and investments, with $250 million held as regulatory surplus [14] - Operating expenses increased by 24% year-over-year, primarily due to growth spending [15][16] Q&A Session Summary Question: Improvement in marketing efficiency and EBITDA guidance - Management acknowledged the improvement in marketing efficiency and indicated that growth spending would continue to increase in 2026, reflecting optimism about future growth [26][28][29] Question: Target for premiums to surplus and operational leverage - Management confirmed expectations for positive EBITDA in Q4 2026 and the full year of 2027, with ample surplus to support ambitious growth rates [36][38][39] Question: Integration of AI tools like ChatGPT - Management stated that while they currently use their own AI for customer interactions, they are open to exploring integrations with tools like ChatGPT in the future [42][46][47] Question: Future of car insurance pricing models - Management indicated that both variable and fixed pricing models will be offered, with a focus on precision pricing based on real-time data [48][49] Question: Strategic initiatives and cross-selling - Management highlighted the importance of cross-selling and the potential for significant future ROI from investments in pricing and underwriting capabilities [52][55][56] Question: Opportunity from Tesla's FSD initiative - Management expressed optimism about the partnership with Tesla and the potential for autonomous driving to enhance their pricing model, while refraining from commenting on Tesla's specific goals [57][58]

Insmed (NasdaqGS:INSM) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsBryan Dunn - Head of Investor RelationsJason Zemansky - VPMartina Flammer - CMOSara Bonstein - CFOSteven Willey - Managing DirectorWill Lewis - Chair and CEOConference Call ParticipantsAdam Walsh - Managing Director and Senior Biotechnology Equity Research AnalystGavin Clark-Gartner - Managing Director and Biotechnology Equity Research AnalystGreg Silvanouve - VP and Equity Research AnalystJessica Fye - Managing D ...

CRH (NYSE:CRH) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAdrian Huerta - DirectorAngel Castillo - Executive DirectorDavid MacGregor - PresidentJim Mintern - CEOKathryn Thompson - CEO and Founding PartnerNancy Buese - CFORandy Lake - COOTom Holmes - Head of Investor RelationsConference Call ParticipantsKeith Hughes - Managing Director and Research AnalystMichael Feniger - Senior AnalystShane Carberry - Research AnalystOperatorGood day, and welcome to the CRH fourth quarter and f ...

CenterPoint Energy (NYSE:CNP) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAndrew Weisel - Managing DirectorAnthony Crowdell - Managing DirectorBen Vallejo - VP of Investor RelationsDavid Arcaro - Executive Director, Equity ResearchJason P. Wells - Chair​, President, and CEONicholas Campanella - DirectorShar Pourreza - Managing Director and Head of North American Power, Infrastructure and Utilities​Christopher Foster - EVP and CFOConference Call ParticipantsJeremy Tonet - Research ...

Walmart (NYSE:WMT) Q4 2026 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsChris Nicholas - EVP and COODavid Guggina - EVP and Chief eCommerce OfficerJoe Feldman - Senior Managing Director, Assistant Director of Research, and Founding MemberJohn David Rainey - CFOJohn Furner - CEOLatriece Watkins - EVP and Chief Merchandising OfficerSteph Wissink - SVP of Investor RelationsConference Call ParticipantsChristopher Horvers - Managing Director and Senior Equity Research AnalystChuck Grom - Manag ...

Americold Realty Trust (NYSE:COLD) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker7Welcome to Americold Realty Trust fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note, this conference is being recorded. I will now turn the call over to Rich Leland, Vice Preside ...

Financial Data and Key Metrics Changes - In-force premium grew to $1.24 billion, up 31% year-over-year, marking nine consecutive quarters of accelerating growth [5][12] - Revenue increased by 53% to $228 million, significantly outpacing in-force premium growth [13] - Gross profit rose 73% year-over-year to a record $111 million, with adjusted gross profit increasing 69% to $112 million [6][13] - Adjusted EBITDA loss narrowed to $5 million, a $19 million improvement year-over-year [6][18] - Positive adjusted free cash flow of $37 million was generated in Q4, marking the second consecutive year of cash reserve growth [6][12] Business Line Data and Key Metrics Changes - Customer growth was 23%, with approximately 550,000 new customers added in 2025, a 35% increase from the prior year [12] - Gross loss ratio reported at 52%, with a favorable prior period development of 9% driven by home and car products [12][13] - Annual dollar retention remained stable at 85% [14] Market Data and Key Metrics Changes - Pet and car insurance segments are experiencing hypergrowth, with in-force premium growth in the 50s and Europe in triple digits [7][21] - The autonomous car insurance product is expected to significantly impact future growth, with pricing based on real-time data from vehicles [10][11] Company Strategy and Development Direction - The company is focused on leveraging AI technologies to enhance go-to-market operations, pricing, and cross-selling capabilities [8][9] - The autonomous insurance initiative, particularly for Lemonade Autonomous Car, is seen as a key growth driver [10] - The company aims to maintain a competitive advantage through its AI-first culture and technology-driven approach [23][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving EBITDA profitability in Q4 2026 and for the full year of 2027 [6][41] - The company is committed to investing in R&D and enhancing its technology infrastructure to support future growth [35][36] - Management highlighted the importance of maintaining a strong LTV to CAC ratio while increasing growth spend [30][32] Other Important Information - The company ended the quarter with approximately $1.1 billion in cash and investments, with $250 million required as regulatory surplus [14] - Operating expenses increased by 24% year-over-year, primarily due to growth spending [14][15] Q&A Session Summary Question: Improvement in marketing efficiency and EBITDA guidance - Management indicated that the guidance reflects a strong track record and that they are optimistic about growth in 2026, with plans to reinvest marketing efficiency into growth initiatives [28][30][32] Question: Adjusted EBITDA profitability target and premium to surplus - Management confirmed expectations for positive EBITDA in Q4 2026 and the full year of 2027, with ample surplus to support ambitious growth rates [38][41][42] Question: Integration of AI tools like ChatGPT - Management stated that while they currently use their own AI for customer interactions, they are open to exploring other AI tools in the future [45][49] Question: Autonomous vehicle insurance product and pricing models - Management confirmed that they offer both pay-per-mile and fixed pricing models, emphasizing the precision of their pricing based on real-time data [50][52] Question: Strategic initiatives and cross-selling - Management highlighted the importance of cross-selling and the potential for multiple policies to drive growth, while also focusing on enhancing underwriting capabilities [55][57]

Financial Data and Key Metrics Changes - The company reported a GAAP EPS of $1.60 for the full year and $0.40 for the fourth quarter of 2025 [1][13] - Non-GAAP EPS was $0.45 for the fourth quarter and $1.76 for the full year 2025, reflecting a 9% growth compared to 2024 [5][14] - The company also delivered a 9% dividend per share growth last year [5] Business Line Data and Key Metrics Changes - The Houston Electric business is forecasted to see a peak load demand increase of 50% or an additional 10 gigawatts by 2029, two years earlier than previously planned [4][7] - The company is adding $500 million of incremental capital to its 10-year, $65 billion capital investment plan to fund an additional 765 kV import line [4][11] Market Data and Key Metrics Changes - The company expects to grow non-GAAP EPS at the mid to high end of the 7%-9% long-term annual guidance range through 2028, and 7%-9% annually thereafter through 2035 [6][24] - The company anticipates a return to a more typical and timely filing cadence for rate recovery in 2026, which should support stronger and more consistent recovery throughout the year [15] Company Strategy and Development Direction - The company is focused on executing a strong growth plan, supported by regulatory clarity through 2029 on approximately 80% of its rate base [25] - The company is committed to delivering continued improvements in customer experience and economic development through its diverse growth drivers [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet future demand driven by large load requests and existing system capacity [8][40] - The company highlighted the positive impact of new data center demand and reshoring of advanced manufacturing facilities on growth [7][40] Other Important Information - The company expects to recover approximately 85% of its capital investments through various capital trackers [17] - The adjusted FFO-to-debt ratio was 13.8% at the end of the year, slightly below the targeted cushion [20] Q&A Session Summary Question: Update on transmission planning study and 765 kV line - Management clarified that the $500 million of additional capital for the 765 kV line was separate from the incremental transmission work needed due to accelerated large loads [30][31] Question: Impact of repairs adjustment on equity needs - Management indicated that the repairs adjustment could unlock an incremental $1 billion of CapEx without adding equity, improving balance sheet metrics by 60-70 basis points [33] Question: Growth implications and CapEx timing - Management noted that existing capacity allows for accelerated interconnections, with significant CapEx impacts expected towards the tail end of the decade [40][41] Question: ERCOT's batching process and potential delays - Management expressed confidence that the batching process would be manageable and that they could continue to connect large loads without significant delays [44][45] Question: Excess capacity and customer pricing - Management confirmed that existing capacity would help keep customer bills flat, as fixed costs would be spread over a wider base [51] Question: Update on data center opportunities in Indiana - Management remains optimistic about securing large data center opportunities in Indiana, while focusing on existing capacity in Texas [53] Question: Balance sheet capacity and future divestitures - Management stated that they would remain open-minded about capital recycling and divestitures, depending on the most efficient way to finance growth [84]

Gentherm (NasdaqGS:THRM) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker4Welcome to the Gentherm Fourth Quarter and Full Year 2025 Earnings Conference Call and Webcast. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. You may be placed into question queue at any time by pressing star one on your telephone keypad. As a reminder, this conference is being recorded. If anyone should require operator assistance, please press st ...