Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
CBIZ Q2 2025 Earnings Call - Acquisition Drives Scale and Margin Gains, But Macro Pushes Guidance to Low End
CBIZ reported a quarter reshaped by the recently closed Markham acquisition, which materially lifted revenue and margins even as a soft middle market and cost-conscious clients clipped pricing and pro...
- Consolidated Q2 revenue: $684 million; first half revenue: $1.5 billion, results largely driven by the Markham acquisition.
- Adjusted EBITDA: Q2 rose 128% (up ~$66 million); first half adjusted EBITDA more than doubled to $356 million.
- Adjusted EBITDA margin: 17% in Q2 and 23% year to date, about 500 basis points higher versus last year, helped by lower incentive comp and disciplined discretionary spending.
- +14 more takeaways
Rhythm Capital Q2 2025 Earnings Call - Scaling asset management while mortgage and RTL units hit records
Rhythm posted a robust quarter: GAAP net income of $283.9M, earnings available for distribution of $291.1M, book value of $6.7B and a record $2.1B of cash and liquidity. The operating playbook is work...
- Company results: GAAP net income $283.9M, earnings available for distribution $291.1M, company ROE ~17% and EAD ROE ~18%; book value $6.7B ($12.71) and dividend $0.25 (yield ~8.9%).
- Record liquidity: Rhythm ended the quarter with about $2.1B of cash and liquidity to deploy across the platform.
- Assets under management and balance sheet mix: Rhythm manages roughly $80B in assets total, with $36B externally managed and roughly $8B of permanent capital.
- +13 more takeaways
Compass Q2 2025 Earnings Call - Record Quarter, Recruiting Surge, and $50-75M Cost Program to Boost 2026 EBITDA
Compass reported a blowout Q2 with multiple company records across revenue, profitability, free cash flow, and platform engagement, while continuing to out-recruit peers and expand high-margin adjacen...
- Q2 was the strongest quarter in Compass history, setting records for revenue, adjusted EBITDA, adjusted EBITDA margin, GAAP net income, free cash flow, market share, agent recruiting, title & escrow revenue and attach, and platform engagement.
- Q2 revenue totaled $2.06 billion, up 21.1% year over year; gross transaction value (GTV) was $78.3 billion, up 20.3% year over year.
- Adjusted EBITDA for the quarter was $125.9 million, a 63% increase year over year, and GAAP net income was $39.4 million, up 90% YoY; free cash flow was a quarterly record $68.0 million.
- +17 more takeaways
MakeMyTrip Q1 FY26 Earnings Call - Diversified mix cushions domestic shock as international and ancillaries drive revenue and margin expansion
MakeMyTrip delivered a quarter that felt like a market stress test. Domestic leisure was dented by the Belgaon security incident and an aircraft crash, yet the company offset the shock with faster gro...
- Q1 FY26 revenue (IFRS) was $268.8 million, up 7.8% year on year in constant currency.
- Adjusted operating profit reached $47.3 million, a 21% year on year increase; profit for the quarter was $25.8 million, up 22.6% year on year.
- Domestic leisure demand weakened materially in May and June after the Belgaon incident and an aircraft crash, but April bookings were strong with booking growth in the mid twenties.
- +13 more takeaways
Evertec Q2 2025 Earnings Call - Latin America Momentum Boosts Guidance, Board Clears $150M Buyback
Evertec delivered a clean quarter, with revenue of $229.6 million, an 8% year over year gain (10% constant currency), and adjusted EBITDA of $92.6 million at a 40.3% margin. Management raised full yea...
- Q2 revenue $229.6M, up 8% year over year; constant currency revenue up ~10%, with Brazilian real as the main FX headwind last quarter.
- Adjusted EBITDA $92.6M, up ~8% year over year, with Q2 adjusted EBITDA margin at 40.3%, essentially in line with guidance.
- Adjusted EPS $0.89, up ~7% year over year, driven by EBITDA growth and lower cash interest, partially offset by higher taxes and D&A.
- +12 more takeaways
Q2 Holdings Second Quarter 2025 Earnings Call - Raises full-year revenue and EBITDA guidance on strong subscription growth, bookings and free cash flow
Q2 reported a solid Q2: revenue $195.1M, adjusted EBITDA $45.8M, free cash flow $42M, and subscription ARR growth driving momentum. Management beat the high end of guidance, raised full-year revenue a...
- Q2 beat the high end of guidance, reporting Q2 revenue of $195.1M, adjusted EBITDA of $45.8M, and free cash flow of $42M.
- Revenue grew 13% year over year, driven primarily by subscription revenue which rose 16% YoY and accounted for 81% of total revenue.
- Total ARR reached $861M, up 10% YoY, with subscription ARR at $716M, up 13% YoY from $634M.
- +13 more takeaways
Glaukos Corporation Q2 2025 Earnings Call - iDoseTR momentum drives record sales and lifts 2025 guidance
Glaukos reported a record Q2 with consolidated net sales of $124.1 million, up ~30% year over year, led by a $31 million quarter for iDoseTR and strong U.S. glaucoma performance. Management raised ful...
- Q2 consolidated net sales $124.1M, up ~30% year over year; company raised FY2025 net sales guidance to $480M–$486M.
- U.S. glaucoma net sales were a record $72.3M, up 45% YoY, driven largely by iDoseTR, which generated approximately $31M in Q2.
- iDoseTR is the commercial growth engine: management is focused on surgeon training, utilization expansion, market access with MACs and commercial payers, clinical evidence expansion, and marketing investments.
- +12 more takeaways
Sanmina Third Quarter Fiscal Year 2025 Earnings Call - ZT Systems Deal to Double Revenue and Power Data Center AI Push
Sanmina reported a clean, above-outlook quarter: revenue $2.04 billion, non-GAAP EPS $1.53, and a 9.1% gross margin. Broad-based demand led to 10.9% year on year top-line growth, with communications n...
- Q3 results beat Sanmina’s outlook: revenue $2.04 billion, non-GAAP EPS $1.53, non-GAAP gross margin 9.1%, non-GAAP operating margin 5.7%.
- Revenue grew 10.9% year over year, driven by broad-based demand; book-to-bill roughly 1.0 and top 10 customers represented 52.8% of revenue.
- End-market split: industrial/energy/medical/defense/automotive portfolio $1.256 billion, up 6.2% year over year; communications networks and cloud infrastructure $786 million, up 19.1% year over year.
- +12 more takeaways
Alignment Healthcare Second Quarter 2025 Earnings Call - Adjusted EBITDA Beat and Guidance Raised on Membership and Margin Momentum
Alignment Healthcare delivered a clean quarter: membership jumped to 223,700, revenue hit $1.0 billion, adjusted gross profit rose to $135 million, and adjusted EBITDA came in at $46 million, well abo...
- Headline beat: Q2 membership 223,700, up ~28% year over year, and revenue of $1.0 billion, up ~49% year over year.
- Adjusted gross profit was $135 million, up 76% year over year, producing a consolidated MBR of 86.7%, a 200 basis point improvement versus prior year.
- Adjusted SG&A was $89 million, 8.8% of revenue, improving 160 basis points year over year; management noted a roughly $6 million timing benefit in H1 that will reverse in H2.
- +12 more takeaways
TransMedics Group Inc. Q2 2025 Earnings Call - Raises 2025 Guidance After Record Quarter as NOP Scales Toward 10,000 U.S. Transplants
TransMedics reported a milestone quarter, posting $157.4 million in total revenue, stronger margins, and a $90 million cash inflow that lifted cash to about $401 million. Management raised full-year 2...
- Total revenue for Q2 2025 was $157.4 million, up about 38% year over year and roughly 10% sequentially.
- Product revenue was $96 million and service revenue was $61 million in Q2; logistics was the primary driver inside services.
- GAAP gross margin held near 61% (management cited ~61.4%), broadly stable quarter to quarter; service margin improved materially year over year while product margin was pressured sequentially by higher freight to accelerate hub inventory.
- +16 more takeaways