Earnings Call Transcripts
Access detailed transcripts and key takeaways from company earnings calls
All Earnings Calls
Sea Limited Q4 2025 Earnings Call - Record $23B Revenue and $1.6B Net Income, Broad-Based Upswing Across Shopee, SeaMoney and Garena
Sea posted a clean, broad-based rebound in 2025: $22.9 billion in revenue, 36% year-on-year growth, and a return to meaningful profitability with $1.6 billion net income and $3.4 billion Adjusted EBIT...
- Consolidated 2025 results: revenue $22.9 billion, up 36% year-on-year, Adjusted EBITDA $3.4 billion, up 75% year-on-year, and net income $1.6 billion versus $448 million in 2024.
- Shopee scale: served ~400 million active buyers and ~20 million sellers in 2025, delivering $127 billion GMV for the year; Q4 GMV was $36.7 billion, up 29% year-on-year.
- Shopee monetization improved sharply: ad-paying sellers rose >20% and average ad spend per seller rose >45% year-on-year, driving ad revenue growth of over 70% and an ad take rate increase of more than 80 basis points.
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Tuya Inc Fourth Quarter and Fiscal Year 2025 Earnings Call - AI integration drives steady growth and higher profitability
Tuya closed FY2025 with steady top-line growth and markedly improved profitability as it pivots from proof of concept AI features to integrated, deployable AI agents. Full year revenue rose about 7.8%...
- Full year 2025 revenue was about $322 million, a year-over-year increase of approximately 7.8%.
- Q4 2025 revenue was $48.5 million, up 3% year-over-year, marking the 10th consecutive quarter of YoY growth.
- Full year blended gross margin improved to 48.2%, up 0.8 percentage points from 2024; Q4 blended gross margin was 47.6%.
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AST SpaceMobile Q4 2025 Earnings Call - On track to deploy 45-60 Block 2 satellites in 2026, commercial service targeted H2 2026
AST SpaceMobile closed 2025 as a revenue generating company and is pushing hard to convert engineering milestones into a commercial service roll out in 2026. Management reported 2025 revenue of $70.9 ...
- 2025 was the company’s first revenue year, reporting $70.9 million, driven by gateway deliveries and U.S. government milestones.
- AST says it raised over $3.5 billion in capital during 2025 and, pro forma for February equitization and ATM activity, has roughly $3.9 billion of cash, restricted cash, and available liquidity.
- Management targets deploying 45-60 BlueBird Block 2 satellites in 2026, calling the operational expectation closer to 60 satellites ready to ship and 45 in orbit by year-end.
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MongoDB Q4 FY2026 Earnings Call - Atlas tops $2B run rate as large EA deals underscore hybrid cloud opportunity
MongoDB closed FY26 on a strong note, reporting $695 million in revenue, up 27% year over year, driven by Atlas consumption growth. Atlas grew 29%, crossed a $2 billion annual run rate, and produced a...
- Revenue and profitability beat: Q4 revenue $695 million, up 27% YoY, beating the high end of guidance; non-GAAP operating margin 23%, positive GAAP operating income and net income $143 million ($1.65 per share).
- Atlas scale milestone: Atlas grew 29% YoY, crossed a $2 billion run rate, and generated a record $114 million in net new revenue in the quarter.
- Non-Atlas momentum and large EA deals: Non-Atlas grew 20% YoY, the best in two years, driven by several multi-year Enterprise Advanced (EA) transactions, including a >$100 million deal with a large financial institution.
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Life360 Q4 2025 Earnings Call - Nativo And Pet GPS Position Life360 For AI-Driven, Multi-Engine Growth
Life360 closed 2025 with clear momentum, reporting $489.5 million in revenue, 95 million MAUs, 2.8 million Paying Circles, and Adjusted EBITDA of $93.2 million. Management frames 2026 as a year of del...
- Full-year 2025 revenue was $489.5 million, up 32% year-over-year, with Adjusted EBITDA of $93.2 million and gross margin expanding to 78%.
- Q4 2025 revenue was $146 million, up 26% YoY; subscription revenue in Q4 was $102.5 million, up 30% YoY. Other revenue (advertising and data) in Q4 jumped 86% to $24.2 million.
- Monthly active users ended 2025 at 95 million, with 2.8 million Paying Circles (paid subscriptions). Management targets 20% MAU growth for full-year 2026, with growth weighted to the second half.
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Credo Technology Q3 Fiscal 2026 Earnings Call - ZeroFlap optics pulled into early FY27 as AEC and IC ramps drive record revenue and margins
Credo reported a blowout Q3 with $407 million of revenue, up 52% sequentially and more than triple year over year, and delivered industry-leading non-GAAP margins and cash generation. Management says ...
- Q3 revenue $407 million, up 52% sequentially and more than 200% year over year, at the high end of revised guidance.
- Q3 non-GAAP gross margin 68.6%, above guidance, with non-GAAP net income $208.8 million and non-GAAP operating income $201.8 million.
- Company reported non-GAAP net margin of 51.3% and non-GAAP operating margin of 49.6% in Q3, showing substantial operating leverage.
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Ingram Micro Q4 2025 Earnings Call - Xvantage-fueled AI push fuels record cash but keeps margins under pressure
Ingram Micro closed fiscal 2025 with headline numbers that look good and a balance sheet that now looks cleaner. Revenue accelerated, advanced solutions and cloud are growing, and the newly scaled Xva...
- Q4 net sales grew 11.5% year-over-year to $14.88 billion; full-year 2025 net sales were $52.6 billion, up 9.5% from 2024.
- Adjusted non-GAAP EPS for Q4 was $0.96, above the high end of guidance; FY non-GAAP diluted EPS was $2.90.
- Adjusted free cash flow hit $1.63 billion in Q4, the highest quarterly level in more than a decade, and full-year adjusted free cash flow was $1.10 billion.
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Ouster Q4 2025 Earnings Call - Stereolabs Buy Turns Lidar Maker into Unified Physical AI Platform, but Q4 Margins Fueled by One-Time Royalties
Ouster closed Q4 2025 with strong top-line and operational headlines, reporting $62 million in revenue, record shipments of over 8,100 sensors, and GAAP gross margin of 60% for the quarter. The quarte...
- Q4 2025 revenue was $62.0 million, including $41.0 million of product revenue, marking the twelfth straight quarter of product revenue growth.
- Quarterly shipments hit a record with over 8,100 sensors shipped; full year 2025 shipments exceeded 25,000, up 48% year-over-year.
- Ouster recorded approximately $21 million of predominantly one-time royalty revenue in Q4, which increased GAAP gross margin by about 20 percentage points in the quarter.
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Nuvation Bio Q4 2025 Earnings Call - IBTROZI Gains Rapid Uptake but Revenue Lags as Mix Skews Late-line
Nuvation Bio leans into a breakout year for IBTROZI while investors squint at the mismatch between patient starts and near-term revenue. The drug achieved full U.S. approval in June and delivered 432 ...
- IBTROZI launched quickly: 432 new patient starts in 2025, including 216 in Q4, and prescribing velocity is ~6x faster than two prior ROS1 TKI launches over their first two post-approval quarters per IQVIA.
- Revenue vs starts disconnect driven by mix: Q4 product revenue for IBTROZI was $15.7 million and full-year IBTROZI U.S. net product revenue was $24.7 million, while many new starts have been third-line plus patients who discontinue quickly.
- Company-level revenue and milestones: total revenue in Q4 was $41.9 million and total 2025 revenue was $62.9 million, which included a ~$25 million milestone tied to Japan reimbursement and early royalty streams from Asia partners.
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Dave Q4 2025 Earnings Call - CashAI v5.5 Drives Record Margins and Tightens Credit, Setting Up $300M Buyback
Dave closed 2025 with a tidy one two punch, revenue up 60% to $554 million and Adjusted EBITDA exploding to $227 million, roughly a 41% margin. Management credits CashAI v5.5, a higher subscription mi...
- Revenue for full year 2025 grew 60% to $554.2 million; Q4 revenue was $163.7 million, up 62% year-over-year.
- Adjusted EBITDA for full year 2025 was $226.7 million at about a 41% margin, up 162% year-over-year; Q4 Adjusted EBITDA was $72.3 million, a 45% margin.
- Management reported an 86% flow-through of top-line outperformance to EBITDA for the year, signaling strong operating leverage.
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