Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Alta Equipment Group Q4 2025 Earnings Call - Equipment Sales Rebound and Deleveraging Set Stage for Service-Led 2026
Alta closed 2025 with a clear tactical pivot. Q4 delivered record equipment sales as inventories began to normalize, competitive discounting eased, and OEM pricing support improved after tariff noise....
- Q4 revenue approximately $509 million, up $11 million year-over-year, driven primarily by higher equipment sales.
- New and used equipment sales totaled about $301 million in Q4, up $13.8 million versus Q4 2024 and up roughly $90 million sequentially from Q3 2025.
- Q4 adjusted EBITDA was $40.6 million, essentially flat year-over-year; full-year 2025 adjusted EBITDA was $164.4 million, down modestly from 2024.
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NuScale Power Q4 2025 Earnings Call - NRC-certified 77 MW SMR momentum drives ENTRA1-TVA 6 GW program progress
NuScale spent 2025 converting design wins into hard operational momentum, with the NRC approving its 77 MW electric standard design and 12 NuScale Power Modules already in production at Doosan. The co...
- NRC Design Certification: The U.S. Nuclear Regulatory Commission approved NuScale's 77 MW electric standard design ahead of schedule, making NuScale the only SMR technology to achieve NRC Design Certification under 10 CFR Part 52.
- ENTRA1-TVA Program: ENTRA1 reached an agreement with TVA to supply up to 6 GW via 72 NuScale Power Modules across six plants, a program NuScale calls the largest nuclear deployment in U.S. history; the PPA is under negotiation and drafting, but not yet publicly executed.
- ENTRA1 Execution Steps: NuScale reports ENTRA1 is assembling an experienced development team, conducting site visits and evaluations, identifying four prospective sites, and engaging major financial institutions, including one that signed a multi-billion dollar term sheet with ENTRA1.
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nLIGHT, Inc. Q4 2025 Earnings Call - A&D Surge Drives Record Revenue and Capital Raise
nLIGHT closed 2025 with a leap in aerospace and defense revenue that reshaped the company. Full year revenue rose 32% to $261 million, A&D hit a record $175 million up 60%, and Q4 revenue was a record...
- Full year 2025 revenue was $261 million, up 32% year-over-year, driven primarily by aerospace and defense growth.
- Aerospace and defense revenue reached a record $175 million in 2025, growing 60% year-over-year, and was the dominant driver of margin expansion.
- Q4 2025 revenue was a record $81.2 million, up 71% year-over-year and 22% sequentially.
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Oportun Financial Q4 2025 Earnings Call - Sustained GAAP profitability, tighter credit now and a cautious return to risk-based pricing
Oportun closed 2025 with tangible operational progress: GAAP profitability returned, credit metrics stabilized, expenses were cut sharply, and the cost of capital materially improved. Management beat ...
- Full-year 2025 GAAP net income was $25 million, with Q4 GAAP net income of $3.4 million.
- Full-year GAAP net income improved by $104 million year-over-year; adjusted EPS grew 89% year-over-year for 2025.
- Q4 annualized net charge-off rate was 12.3%, at the low end of prior guidance; management expects Q1 2026 to be the peak quarterly charge-off rate for the year.
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AvePoint, Inc. Q4 2025 Earnings Call - AI-driven data governance boosts ARR, SaaS growth and profitability
AvePoint closed 2025 with accelerating SaaS traction, stronger customer deals, and improved profitability. Q4 revenue was $114.7 million, up 29% year-over-year, led by SaaS revenue of $88.9 million, u...
- Q4 total revenue $114.7M, up 29% year-over-year, exceeding guidance.
- Q4 SaaS revenue $88.9M, up 37% year-over-year; SaaS was 78% of Q4 revenue.
- Total ARR ended at $416.8M, up 27% year-over-year (26% FX-adjusted).
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Compass Diversified Q4 2025 Earnings Call - Deleveraging Takes Center Stage as Management Launches Multiple Sale Processes
Compass Diversified spent 2025 absorbing the Lugano shock and restatement pain, but the business that remains is generating healthy underlying cash flow. Excluding Lugano, CODI posted $1.8 billion in ...
- Excluding Lugano, CODI reported FY2025 net sales of $1.8 billion, up 3.9%, and Subsidiary Adjusted EBITDA of $345.8 million, up 8.8%. Consumer Adjusted EBITDA grew 13.8%, industrial up 1.1%.
- GAAP results were hit hard by Lugano. Q4 GAAP net loss was $78.8 million, including more than $25 million in one-time Lugano investigation and restatement costs; full-year GAAP net loss was $293.7 million, including roughly $60 million of investigation and restatement-related expenses.
- Lugano was deconsolidated as of November 16, 2025 and is in Chapter 11, creating an ongoing overhang and complicating disclosures and capital-markets timing.
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Innodata Q4 2025 Earnings Call - Data-first bet sets 35% growth guide across generative, agentic and physical AI
Innodata closed FY2025 with strong top-line momentum, reporting Q4 revenue of $72.4 million, up 22% year-over-year, and full-year revenue of $251.7 million, up 48% versus prior year. Adjusted gross ma...
- Q4 2025 revenue $72.4 million, up 22% year-over-year; FY2025 revenue $251.7 million, up 48% year-over-year.
- Q4 adjusted gross margin 42%, above the externally communicated 40% target.
- Q4 adjusted EBITDA $15.7 million, 22% of revenue, beating analyst consensus by $1.2 million; net income for the quarter was $8.8 million.
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Sunrun Q4 2025 Earnings Call - Margin-First Pivot: storage-led growth, new JV financing, and cash generation focus
Sunrun closed 2025 with a clear, deliberate pivot away from top-line volume at all costs toward higher-margin, storage-first growth and capital innovation. Management reported flat subscriber addition...
- Sunrun ended 2025 with 108,000 subscriber additions, roughly flat year-over-year, and about 25,000 additions in Q4.
- Full-year Cash Generation was $377 million in 2025; Q4 Cash Generation was $187 million.
- Sunrun increased its storage attachment rate to 71% exiting 2025, a 9 percentage point improvement year-over-year, and grew storage capacity installed by 26% in 2025.
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Definium Therapeutics Full Year 2025 Earnings Call - DT120 Phase 3 Readouts Imminent; Emerge (MDD) Late Q2, Voyage (GAD) Early Q3, Cash into 2028
Definium heads into a make-or-break 2026 with DT120 ODT front and center. Emerge, the first pivotal MDD trial, is fully enrolled with topline due late Q2, Voyage (GAD) is roughly 80% enrolled with top...
- DT120 ODT is the companys lead program with three Phase 3 readouts expected in 2026; Emerge (MDD) is fully enrolled and topline is expected late Q2 2026.
- Voyage (GAD) is approximately 80% enrolled, completed a blinded sample size re-estimation with no increase required, and topline is expected early Q3 2026.
- Panorama (second GAD pivotal) is enrolling rapidly, includes European sites, and management will disclose its blinded sample size re-estimation and further enrollment details at Analyst Day in April.
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TeraWulf Q4 & FY2025 Earnings Call - Pivoting from Mining to Power‑Backed AI Infrastructure with Google‑Backed 450 MW Lease
TeraWulf spent 2025 deliberately remaking itself. The company bought Beowulf Electricity & Data, closed long-duration site control deals (Cayuga, Kentucky, Morgantown/Chesapeake) and signed credit-enh...
- 2025 was a structural year: TeraWulf acquired Beowulf Electricity & Data to internalize power generation expertise and remove related‑party complexity.
- Signature commercial validation: a 450 MW lease with Fluidstack is credit‑enhanced by Google, and Google warrants will make it the company’s largest shareholder.
- Site control and brownfield strategy emphasized: Cayuga offers up to 400 MW at a retired coal facility; Morgantown (Chesapeake) is being engineered as a net generator, targeting ~500 MW of new dispatchable generation, 250 MW battery storage and 500 MW of data center load in phase one.
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