Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
The ONE Group Hospitality Q4 2025 Earnings Call - Execution-led inflection but near-term pain from portfolio pruning and impairments
The ONE Group closed 2025 with clear operational momentum, driven by Benihana integration and STK strength, but the quarter carried the cost of deliberate portfolio optimization and a non-cash impairm...
- Full-year 2025 GAAP revenue was approximately $805 million, up about 20% year over year driven primarily by Benihana being included for all twelve periods.
- Q4 2025 GAAP revenue was $207 million, down 6.7% from $222 million year over year, with about 35% of the decline attributed to portfolio optimization closures and roughly $5.7 million (37% of the Q4 revenue drop) due to a fiscal calendar shift that moved New Year’s Eve into fiscal 2026.
- Consolidated comparable sales declined 1.8% in Q4 but improved by roughly 4 percentage points sequentially from Q3, and year-to-date consolidated comps have turned slightly positive, which management calls an inflection point.
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VEON Q4 2025 Earnings Call - Digital Services Scale to Profitability as EBITDA Tops $2bn
VEON closed 2025 with clear momentum. Group revenues reached $4.4 billion, up 9.9% in dollars, and group EBITDA crossed the $2.0 billion mark with a 45.7% margin. The company said digital services are...
- Group revenue $4.4bn in 2025, up 9.9% year-over-year in US dollars.
- Group EBITDA exceeded $2.0bn for 2025, up 18.8% year-over-year, with EBITDA margin at 45.7%.
- Digital revenues reached $759m in 2025, up >62% year-over-year, representing 17% of group revenue for the year and over 20% in Q4.
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Emerald Holding Q4 and Full Year 2025 Earnings Call - Portfolio reshaped for cash-generative growth
Emerald closed a transformational 2025, reshaping its portfolio through three strategic acquisitions and exits, and delivered revenue of $463.4 million and adjusted EBITDA of $127.1 million for the ye...
- 2025 was positioned as transformational, driven by portfolio reshaping and targeted tuck-in acquisitions: This is Beyond, InsurTech Insights, and Generis.
- Full year 2025 revenue was $463.4 million, up 16.2% year-over-year, with adjusted EBITDA of $127.1 million, a 25% increase versus prior year.
- Reported organic revenue growth for full year 2025 was 1.1%. On a pro forma basis including 2025 acquisitions, organic revenue would have been up 4.8% for the year.
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Acurx Pharmaceuticals Q4 2025 Earnings Call - Ibezapolstat enters rCDI pilot aiming to both treat and prevent recurrence
Acurx used the quarter to shift from promising proof points to an operational push, launching a 20-patient open-label pilot in recurrent C. difficile infection that is explicitly designed to position ...
- Acurx has launched a 20-patient open-label pilot in recurrent C. difficile infection, intended to inform a planned active-controlled phase 3 in rCDI.
- Primary efficacy endpoint for recurrence will be measured at 8 weeks, with additional follow-up out to about 6 months for durability data.
- Treatment period in the rCDI pilot is 14 days, longer than prior 10-day regimens, aimed at boosting initial cure rates and powering recurrence analysis.
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RLX Technology Inc. Q4 2025 Earnings Call - International sales 76.5% of revenue, fueling margin expansion and $2.2B cash
RLX closed 2025 with a clean, fast-growing story. Q4 net revenue rose 40.3% year over year to RMB 1.14 billion, and full-year revenue grew 44% to RMB 3.96 billion. Management’s game this year was glob...
- Q4 2025 net revenues RMB 1.14 billion, up 40.3% year-over-year; full-year revenues RMB 3.96 billion, up 44%.
- International sales were 76.5% of Q4 revenue, marking RLX’s transition to a truly global company.
- Gross margin expanded to 31.4% in Q4 from 27% a year ago, full-year gross margin rose to 29.9%.
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Douglas Elliman Q4 2025 Earnings Call - Profitability Restored via Property Management Sale; Adjusted EBITDA Still Negative
Douglas Elliman closed 2025 with a cleaner balance sheet and a headline-grabbing net income helped by the October sale of its property management business. Revenue climbed modestly to $1.033 billion, ...
- Headline profitability in 2025 was materially supported by an $81.7 million gain from the October sale of the property management business.
- Revenue for 2025 rose 3.8% year-over-year to $1.033 billion; excluding the disposed business, revenues increased 4.4% to $1.0 billion.
- Operating income turned positive at $45.5 million in 2025 versus an operating loss of $68.8 million in 2024, but this includes the divestiture gain.
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WM Technology, Inc. Q4 2025 Earnings Call - Cash build and discipline cushion revenue pressure
Weedmaps closed 2025 with a tale of two realities. Top line weakened as industry headwinds—pricing compression, illicit market competition, and heavy excise taxes—dented spend from core clients, drivi...
- Q4 2025 revenue was $43 million, down approximately 10% year‑over‑year.
- Full year 2025 revenue was $175 million, a decline of about 5% versus 2024.
- Adjusted EBITDA for 2025 was $40 million, modestly below 2024’s $43 million.
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PagerDuty, Inc. Q4 FY2026 Earnings Call - AI Operations and Flex Pricing Fuel Enterprise Wins as ARR Stabilizes
PagerDuty closed FY2026 with stabilized ARR near $499 million, expanding margins and a bold repositioning toward AI operations and consumption-based pricing. Q4 delivered $125 million in revenue, 24% ...
- Revenue $125 million in Q4, up 3% year-over-year, with FY2026 revenue nearly $493 million, up 5% YoY.
- Total ARR exited Q4 at approximately $499 million, effectively flat year-over-year, signaling stabilization rather than re-acceleration.
- PagerDuty reported its first full year of GAAP profitability; Q4 GAAP net income was $11 million and FY GAAP net income was $174 million, the latter including a one-time $169 million tax benefit from release of a valuation allowance.
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Afya Q4 2025 Earnings Call - Record cash and margins, but 2026 guidance flags margin compression as company invests to build a physician ecosystem
Afya closed 2025 with headline numbers that read like a strategy checkmark. Revenue reached BRL 3.697 billion, adjusted EBITDA hit BRL 1.68 billion and margins expanded to 45.4%, while operating cash ...
- 2025 revenue was BRL 3,697 million, up 12% year-over-year, in line with midpoint guidance.
- Adjusted EBITDA for the twelve months reached BRL 1,680 million, up 15% year-over-year, producing a record adjusted EBITDA margin of 45.4% (up 130 bps).
- Operating cash flow was BRL 1,548 million for the year, a 6% increase, with operating cash conversion of 93.7%.
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American Public Education Inc. 4Q 2025 Earnings Call - Revenue and Margins Improved Despite APUS TA Freeze, Institutional Combination and Campus Expansion Set 2026 Up
APEI closed 2025 with a clear message, not bravado. The company grew consolidated revenue and expanded adjusted EBITDA despite a 43-day federal TA registration interruption at APUS that shaved roughly...
- Consolidated 2025 revenue was $648.9 million, up 3.9% year over year, and would be roughly 7% growth on an apples to apples basis excluding Graduate School USA.
- Full year adjusted EBITDA rose to $85.7 million, up 18.6% from 2024, and adjusted EBITDA margin expanded 164 basis points to 13.2%.
- APUS faced a 43‑day federal government shutdown interruption that depressed Q4 TA registrations, driving APUS Q4 revenue down 13.8% to $71.0 million and net course registrations down 15.3% to 82,200.
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