FIGS (NYSE:FIGS) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAdrienne Yih - Managing DirectorBrooke Roach - Managing DirectorDana Telsey - CEO and Chief Research OfficerJoe Savon - Managing DirectorRick Patel - Managing DirectorSarah Oughtred - Chief Financial OfficerTom Shaw - Senior VPTrina Spear - Co-Founder and Chief Executive OfficerVictoria Selhorst - Financial Director of Business BankingConference Call ParticipantsBob Drbul - Managing Director and Consumer Retail AnalystB ...

NuScale Power (NYSE:SMR) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsBill Cooper - Chief Legal Officer and Corporate SecretaryCarl Fisher - COOClayton Scott - Chief Commercial OfficerJohn Hopkins - President and CEONate Pendleton - Managing DirectorRamsey Hamady - CFORodney McMahan - Senior Director of Investor RelationsConference Call ParticipantsDerek Soderberg - Equity Research AnalystDimple Gosai - Equity Research AnalystEric Stine - Senior Research AnalystLeanne Hayden - VP ...

Financial Data and Key Metrics Changes - Total revenue for Q3 was $450 million, representing an 18% growth year-over-year and 16% on a constant currency basis [24][25] - Sales-led subscription revenue grew to $376 million, an increase of 21% as reported and 19% on a constant currency basis [25] - Current remaining performance obligations (CRPO) reached approximately $1.06 billion, growing 19% as reported and 15% on a constant currency basis [25][26] - Non-GAAP operating margin was 18.6%, with subscription gross margins at 82% and total gross margins at 78% [28][29] Business Line Data and Key Metrics Changes - Sales-led subscription revenue accelerated, with a notable increase in commitments from both self-managed and cloud offerings [25][27] - The number of customers with an annual contract value (ACV) over $100,000 grew to over 1,660, marking a 14% increase [26] - 28% of customers in the greater than $100K cohort are utilizing Elastic for AI, indicating strong demand for AI capabilities [27] Market Data and Key Metrics Changes - The company experienced strong deal momentum across all geographies, with multi-year commitments indicating customer confidence in the Elastic platform [26] - The demand for AI solutions is driving customer expansion, with significant growth in AI-related use cases [27][86] Company Strategy and Development Direction - The company is focused on becoming a critical data platform in the age of AI, leveraging its capabilities to support both cloud and self-managed environments [24][27] - The introduction of new features like Agent Builder and Elastic Workflows aims to enhance the platform's capabilities for context-driven AI applications [19][22] - The strategy emphasizes bridging the gap between LLMs and proprietary data, positioning Elastic as a leader in context engineering for AI applications [13][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing market demand and the company's ability to drive profitable growth, with expectations for continued strong performance in the upcoming quarters [29][34] - The company anticipates total revenue for fiscal 2026 to be in the range of $1.734 billion to $1.736 billion, representing approximately 17% growth at the midpoint [32] - Management highlighted the importance of AI adoption among customers, suggesting that as more customers reach the $100K ACV mark, growth could accelerate [40][75] Other Important Information - The company has made significant progress on its $500 million share repurchase program, returning approximately $186 million to shareholders during Q3 [30] - The introduction of the Elasticsearch GPU plugin aims to enhance AI application deployment speed and efficiency [18] Q&A Session Summary Question: Insights on AI customer growth and potential acceleration - Management noted that trends for generative AI customers remain strong, with potential for accelerated growth as more customers reach the $100K mark [39][40] Question: Importance of context in AI applications - The CEO emphasized the need for a comprehensive data platform that can handle various data types and provide accurate context for AI applications [42][43] Question: Performance of self-managed versus cloud customers - Management highlighted the strength in self-managed business, particularly as customers prefer to keep sensitive data within their control [48][49] Question: Future competition from frontier models - The CEO stated that AI models will not displace Elastic but rather depend on it for providing the necessary context for effective AI applications [56][57] Question: Impact of recent CISA win on government contracts - Management confirmed that the CISA win is expected to lead to additional agency engagements, enhancing the company's position in the government sector [68] Question: Concerns about CRPO growth rates - Management reassured that CRPO growth is strong, with expectations for continued improvement as AI adoption increases among customers [73][75]

The RealReal (NasdaqGS:REAL) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAjay Gopal - CFOCaitlin Howe - SVP of FinanceJay Sole - Managing DirectorRati Levesque - President and CEOConference Call ParticipantsAnna Glaessgen - Senior Research AnalystAshley Owens - VP and Equity Research AnalystBobby Brooks - VP and Senior Research AnalystDylan Carden - Senior AnalystIke Boruchow - Managing Director and Senior Analyst for Retailing, Specialty Softlines and E-commerceMark Altschwager ...

Alta Equipment Group (NYSE:ALTG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAnthony Colucci - CFOJason Dammeyer - Vice President of Accounting and ReportingLaura Maher - Equity Research AssociateRobert Murphy - Senior Equity Research AssociateRyan Greenawalt - Chairman and CEOConference Call ParticipantsSteven Ramsey - Senior Equity AnalystTed Jackson - Managing Director and Senior Research AnalystOperatorGood afternoon. Thank you for attending today's Alta Equipment Group Fourt ...

Financial Data and Key Metrics Changes - In Q4 2025, revenue was $35.2 million, with a net loss of $7.1 million and a non-GAAP net loss of $2.1 million. Adjusted EBITDA was $3.3 million [3] - For the full fiscal year 2025, revenue reached $142.1 million, with a net loss of $21.4 million primarily due to stock-based compensation and expenses related to the F1 movie. Non-GAAP net income was $5.2 million, and adjusted EBITDA was $16.9 million [4] - Free cash flow for fiscal year 2025 was $19.9 million, exceeding initial guidance of $16 million to $20 million [4][5] Business Line Data and Key Metrics Changes - Average paid members remained stable at 650,000 for both Q4 and fiscal year 2025 [3][4] - Total interchange revenue increased to $21.3 million for fiscal year 2025, a 24% increase year-over-year [4][8] - Travel bookings in Q4 2025 surged by 434% compared to Q4 2024, indicating strong customer adoption [7] Market Data and Key Metrics Changes - The company reported a decrease in paid members to 626,000 in January 2026, typical for the seasonality observed in Q1 [5] - The company has entered a multi-year integration partnership with Uber for Business, enhancing its market position in corporate travel and expense workflows [6] Company Strategy and Development Direction - The company is focused on migrating existing customers to the New Expensify platform, achieving full feature parity for 90% of revenue-generating customers [9] - The strategy includes leveraging AI to enhance user experience, with a focus on "accountable intelligence" through its Concierge feature [14][18] - The company aims to create grassroots pressure for company-wide adoption of its services through a new free Submit plan for employees [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the opportunities presented by AI, viewing it as a chance for growth rather than a threat [29] - The company acknowledges the challenges posed by AI in the expense management sector but believes its collaborative features and compliance capabilities provide a competitive moat [26][27] - Management anticipates that increased investment in sales, marketing, and AI will impact free cash flow guidance for 2026, projecting $6 million to $9 million [5] Other Important Information - The company repurchased over 4.8 million shares of Class A common stock in 2025, totaling approximately $9 million, reflecting management's confidence in long-term business prospects [8] - The company received the TrustRadius 2026 Buyer's Choice Award in the expense management category, based on customer reviews [6] Q&A Session Summary Question: What is Expensify's place in an AI world? - Management believes that while AI may disrupt certain applications, Expensify's focus on collaboration and access to regulated financial networks provides a competitive advantage [25][26][27] Question: What contributed to the increase in paid members in Q4 2025? - Management attributed the increase to seasonal trends, noting that Q4 typically performs better than Q3, while the migration to the new platform also aids in customer retention [34]

nLIGHT (NasdaqGS:LASR) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsJoe Corso - CFOJohn Marchetti - VP of Corporate Development and Head of Investor RelationsScott Keeney - Chairman and CEOConference Call ParticipantsGreg Palm - Senior Research AnalystJim Ricchiuti - Managing Director and Senior Equity Research AnalystJonathan Siegmann - Managing Director and Equity Research AnalystKeith Housum - Managing Director and Senior Equity Research AnalystTroy Jensen - Managing Director a ...

nLIGHT (NasdaqGS:LASR) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsJoe Corso - CFOJohn Marchetti - VP of Corporate Development and Head of Investor RelationsScott Keeney - Chairman and CEOConference Call ParticipantsGreg Palm - Senior Research AnalystJim Ricchiuti - Managing Director and Senior Equity Research AnalystJonathan Siegmann - Managing Director and Equity Research AnalystKeith Housum - Managing Director and Senior Equity Research AnalystTroy Jensen - Managing Director a ...

Sweetgreen (NYSE:SG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsJamie McConnell - CFOJon Tower - Director, Equity Research – Consumer RestaurantsJonathan Neman - Co-Founder and CEORebecca Nounou - VP, Head of Investor RelationsConference Call ParticipantsAndrew Charles - Managing Director, Consumer – Restaurants Research AnalystBrian Bittner - Managing Director, Senior Equity Research Analyst – RestaurantsBrian Harbour - Executive Director, Equity Research Analyst – Restaurants ...

Block (NYSE:SQ) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAmrita Ahuja - Foundational LeadAndrew Schmidt - Managing DirectorBryan Bergin - Managing DirectorBryan Keane - Managing DirectorDan Dolev - Managing DirectorDarrin Peller - Managing DirectorJack Dorsey - CEONick Molnar - Sales and Marketing LeadOwen Jennings - Business LeadRamsey El-Assal - Managing DirectorRayna Kumar - Managing DirectorTien-Tsin Huang - Managing DirectorTim Chiodo - Managing DirectorWill Nance - VP of ...