Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Freshworks Q1 2026 Earnings Call - EX Displaces Legacy Vendors as AI Copilot Attach Rates Surge
Freshworks delivered a strong start to 2026, beating revenue and profitability expectations while accelerating its shift toward the enterprise service management market. EX ARR surged 27% year-over-ye...
- EX ARR grew 27% year-over-year to over $540 million, with mid-market and enterprise deals accelerating momentum.
- Signed the two largest deals in company history, including its first seven-figure EX contract and displacements from ServiceNow and Atlassian.
- Non-GAAP operating margin reached 18%, beating guidance by nearly 3 percentage points, driven by strong top-line performance and operating leverage.
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Upstart Q1 2026 Earnings Call - AI Credit Platform Scales with $4B in New Capital Commitments
Upstart delivered a strong Q1 2026, with originations up 61% year-over-year and revenue up 44%, driven by explosive growth in auto and home lending alongside a resilient core personal loan business. N...
- Originations surged 61% year-over-year to $3.4 billion, with revenue growing 44% to $308 million, driven by auto (+32% sequentially) and home (+16% sequentially) lending.
- Core personal loans remained flat sequentially, outperforming historical Q1 seasonality, signaling early re-acceleration in the company’s highest-margin product.
- Upstart secured over $4 billion in new committed capital from partners including Altura, Centerbridge, and Wafra, including a record 24-month commitment to de-risk against market cycles.
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SSR Mining Q1 2026 Earnings Call - $1.5B Çöpler Sale Clears Path to Debt-Free Status and Focused Americas Strategy
SSR Mining delivered a transformative first quarter, announcing a definitive $1.5 billion cash agreement to sell its Turkish Çöpler mine. The divestment triggers a strategic pivot toward a lean, Ameri...
- SSR Mining announced a definitive agreement to sell its Çöpler mine for $1.5 billion in cash, with closing expected by the end of Q3 2026, pending regulatory approvals.
- The company ended Q1 2026 with $634 million in cash and zero debt after fully redeeming its outstanding convertible notes, establishing a robust balance sheet.
- Free cash flow from continuing operations reached $211 million in Q1, enabling a $300 million share repurchase program executed in April, acquiring over 9 million shares.
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Dave Q1 2026 Earnings Call - Credit Performance Hits Record Low as CEO Raises Full-Year Guidance Across All Metrics
Dave delivered a 47% year-over-year revenue jump to $158.4 million in Q1 2026, driven by an 18% surge in monthly transacting members and a 24% expansion in ARPU. The company’s proprietary CashAI v5.5 ...
- Revenue grew 47% year-over-year to $158.4 million, driven by an 18% increase in monthly transacting members and a 24% expansion in ARPU.
- Adjusted EBITDA surged 57% to $69.3 million, expanding margins by 300 basis points year-over-year to 44%.
- The 28-day past-due rate fell to 1.69%, marking the lowest loss rate in company history and a direct result of the CashAI v5.5 model.
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InnovAge FY2026 Q3 Earnings Call - Raised Full-Year Guidance on Margin Expansion and AI-Driven Efficiency
InnovAge delivered a solid third quarter of fiscal 2026, driven by better-than-expected Medicaid rates, favorable Medicare risk scores, and disciplined medical management. The company raised its full-...
- InnovAge reported Q3 FY2026 revenue of $251.9 million, up 15.5% year-over-year, driven by higher capitation rates and 6.9% census growth.
- Center-level contribution margin expanded to $61 million (24.2% of revenue), a significant improvement from $40.7 million in Q3 FY2025.
- Adjusted EBITDA rose to $30.5 million, up from $10.8 million in the prior year quarter, supporting an updated full-year EBITDA guidance range of $85 million to $90 million.
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Amwell Q1 2026 Earnings Call - Payer Margin Pressure Fuels Platform Consolidation Play
Amwell reported Q1 2026 results that underscore a deliberate pivot from legacy urgent-care volumes to a unified, payer-facing platform. Total revenue fell 18% year-over-year to $54.9 million, dragged ...
- Total revenue fell 18% year-over-year to $54.9 million, driven by subscription churn, but Amwell Medical Group visit revenue rose 9% to $28.9 million as higher-acuity care gained share.
- Subscription revenue declined 23% to $24.9 million, yet renewals and retention exceeded budget, signaling improving base stability despite prior churn.
- Amwell Medical Group executed roughly 382,000 paid visits, with revenue per visit climbing to $76, up $5 year-over-year, reflecting a favorable shift in visit mix.
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Ouster Q1 2026 Earnings Call - Native Color LiDAR Revolutionizes Physical AI Perception
Ouster delivered a record $49 million in Q1 2026 revenue, driven by a 49% year-over-year increase and the early contributions from its StereoLabs acquisition. The quarter marked a strategic inflection...
- Q1 2026 revenue reached $49 million, a 49% year-over-year increase, marking the 13th consecutive quarter of product revenue growth.
- The company shipped over 12,600 sensors, including a record 8,300 LiDAR units and 4,300 camera sensors.
- GAAP gross margin improved to 43%, up 200 basis points year-over-year, despite supply chain constraints.
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Mercury Systems Q3 FY2026 Earnings Call - Record Backlog and Margin Expansion Drive Raised Outlook
Mercury Systems delivered a strong Q3 FY2026 performance, exceeding expectations with record bookings of $348.3 million and a book-to-bill ratio of 1.48. This drove a record backlog approaching $1.6 b...
- Record bookings of $348.3 million in Q3 FY2026, resulting in a 1.48 book-to-bill ratio and a record backlog approaching $1.6 billion, up 18% year-over-year.
- Revenue grew 11.5% organically to $235.8 million, with domestic revenue up 17% year-over-year, representing 88% of total sales.
- Adjusted EBITDA surged 46% to $36.1 million, with margins expanding 360 basis points year-over-year to 15.3%, exceeding expectations.
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The Hackett Group Q1 2026 Earnings Call - Margin Inflection Expected in Q3 as AI Platform Transition Accelerates
The Hackett Group reported Q1 2026 revenues before reimbursements of $68.7 million, down 11% year-over-year, with adjusted EPS of $0.34 at the low end of guidance. The company is executing a strategic...
- Q1 2026 revenues before reimbursements were $68.7 million, an 11% decline year-over-year, reflecting macro headwinds and elongated client decision cycles.
- Adjusted EPS came in at $0.34, at the low end of guidance, as the company absorbs costs from its strategic AI transition.
- The firm is aggressively migrating from labor-based services to an AI platform-enabled delivery model using proprietary tools like Hackett AI XPLR and the ZBrain agentic orchestration platform from LeewayHertz.
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Cricut Q1 2026 Earnings Call - Platform Revenue Growth Masks Product Revenue Decline
Cricut reported a 2% year-over-year revenue decline to $159.5 million in Q1 2026, driven by a 9.6% drop in product revenue as the company shifted to lower-priced, bundle-only machines. However, platfo...
- Total revenue declined 2% year-over-year to $159.5 million, with product revenue falling 9.6% due to lower average selling prices and promotional activity.
- Platform revenue grew nearly 6% year-over-year to $84.8 million, driven by a 3% increase in paid subscribers to 3.08 million and a 4.8% rise in ARPU.
- Global machine sell-out units increased year-over-year, signaling strong consumer demand for new bundle-only offerings like the Joy 2 and Explore 5.
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