Block (NYSE:SQ) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker6Hi, everyone. Thanks for joining our fourth quarter 2025 earnings call. Today's call will be 45 minutes. We have Jack and Amrita with us today, along with Owen Jennings, our Business Lead, and Nick Molnar, our Sales and Marketing Lead for Block. We will begin this call with some short remarks before opening the call directly to your questions. During Q&A, we will take questions from conference call participants. We would also like t ...

Personalis (NasdaqGM:PSNL) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker6Greetings, welcome to the Personalis fourth quarter 2025 earnings conference. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star and then zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your ...

Definitive Healthcare (NasdaqGS:DH) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker5Good afternoon. Thank you for joining us today to review Definitive Healthcare's financial results. Joining me on the call today are Kevin Coop, Chief Executive Officer, and Casey Heller, Chief Financial Officer. During this call, we will make forward-looking statements, including, but not limited to, statements related to our market and future performance and growth opportunities, the benefits of our differentia ...

Financial Data and Key Metrics Changes - In 2025, the company purchased $1.2 billion of portfolios, marking the third highest investment year on record, and driving estimated remaining collections (ERC) to a record $8.6 billion, up 15% year-over-year [4][12] - Cash collections reached a new record of $2.1 billion, reflecting a 13% growth for the year, exceeding the high single-digit growth target [5][14] - Adjusted net income increased to $73 million in 2025, with adjusted EBITDA rising 16% to $1.3 billion, outpacing cash collections growth [5][25] Business Line Data and Key Metrics Changes - U.S. legal cash collections grew 28% to $483 million in 2025, significantly contributing to overall cash collections [14][16] - Portfolio income, a stable revenue component, grew 18% for the full year to $1 billion, a company record, and increased by 34% compared to 2023 [17][22] - Legal accounted for 48% of U.S. core cash collections in 2025, up from 39% two years ago, indicating a shift towards more legal collections [16] Market Data and Key Metrics Changes - The U.S. accounted for 42% of ERC, while Europe accounted for 51%, showcasing a well-diversified portfolio that mitigates risks from economic cycles [12] - The replenishment rate needed to maintain current ERC levels was $982 million, with U.S. credit card balances at $1.1 trillion and industry-wide charge-off rates above 4% [13] Company Strategy and Development Direction - The company is evolving into a technology-enabled global allocator of capital, focusing on disciplined investments, operational efficiency, and leveraging technology [29][30] - The strategy includes modernizing operations, enhancing data analytics, and utilizing AI to improve collection processes and customer engagement [34][35] - The company aims to maintain a conservative balance sheet with ample liquidity and explore alternative funding mechanisms [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering 2026 with strong momentum, driven by good cash performance and operational improvements [50] - The competitive landscape in Europe remains stable, with opportunities for capital deployment despite pricing pressures in certain markets [55][56] - The focus remains on improving cash collections while managing costs effectively, with expectations for adjusted EBITDA to continue growing [64][68] Other Important Information - The company repurchased $20 million of its stock in 2025, with an additional $50 million remaining under board authorization for future buybacks [27][61] - The net leverage ratio decreased from 2.9x in 2024 to 2.7x at the end of 2025, indicating a reduction in debt levels [10][25] Q&A Session Summary Question: What are the top three initiatives to focus on? - Management highlighted the importance of disciplined capital investment, creating cost flexibility, and leveraging technology, particularly AI, as key initiatives [42][45] Question: Can you share details on new asset classes being considered? - Management refrained from specifics but indicated interest in adjacent asset classes that align with their capabilities and operational strengths [46][47] Question: How should collections be viewed in 2026? - Management noted strong momentum entering 2026, with expectations for cash collections to grow, albeit at a slower rate than in 2025 [50][51] Question: What is the competitive dynamic in Europe? - Management described the European market as competitive but stable, with opportunities for capital deployment based on diversification [55][56] Question: What has driven recent improvements in collections? - Management attributed improvements to several years of initiatives, including investments in legal collections and digital channels, as well as the use of AI for data processing [57][59] Question: How far can the expense structure be made variable? - Management indicated a mixed approach, balancing in-house collections with external debt collection agencies to maintain flexibility and cost-effectiveness [70][72]

Alignment Healthcare (NasdaqGS:ALHC) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker9Good afternoon, welcome to Alignment Healthcare Fourth Quarter 2025 Earnings Conference Call and Webcast. All participants will be in a listen-only mode. After instructions after today's presentation, there will be opportunity to ask questions. Operator instructions, please note that this event is being recorded. Leading today's call is John Kao, Founder and CEO, Jim Head, Chief Financial Officer. Before we begi ...

Sweetgreen (NYSE:SG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker11Thank you for standing by. At this time, I would like to welcome everyone to the Sweetgreen, Inc. fourth quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. We do ask you limit yourself to one question and one follow-up. If you would like to ask a question during this time, simply press star followed by the num ...

Baldwin Insurance Group (NasdaqGS:BWIN) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker7Greetings, and welcome to the Baldwin Group's fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Bonnie Bishop, Executive Dire ...

Compass (NYSE:COMP) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker5Hello, everyone. Thank you for joining us, and welcome to the Compass, Inc. 2025 Q4 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. I would now like to turn our call over to Soham Bhansale, Head of Investor Relations. Please go ahead.Speaker9Thank you ver ...

Clipper Realty (NYSE:CLPR) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker3Greetings, and welcome to the Clipper Realty Q4 Earnings Call. At this time, all participants have been placed on a listen only mode, and the floor will be open for questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Lawrence Sava, Corporate Controller. Sir, the floor is yours.Good afternoon, thank you for joining us for the fourth quarter 2025 Clipper Realty Inc. Earn ...

Airgain (NasdaqCM:AIRG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker4Good afternoon. Welcome to Airgain's fourth quarter and full year 2025 conference call. My name is Kevin, I'll be your operator for today's call. Joining us today are Airgain's President and CEO, Jacob Suen, and CFO, Michael Elbaz. As a reminder, this call will be recorded and made available for replay via a link found in the investor relations section of Airgain's website at investors.airgain.com. Following management's pre ...