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]

CoreWeave (NasdaqGS:CRWV) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAmit Daryanani - Senior Managing Director, Equity ResearchBen Reitzes - Partner, Head of Technology ResearchGabriela Borges - Managing Director, Software Equity ResearchMark Murphy - Managing Director, Software ResearchMike Intrator - CEO and PresidentNitin Agrawal - CFONone - Company RepresentativeConference Call ParticipantsBrad Zelnick - Managing Director, Senior US Software Research AnalystBrent Thill - Sen ...

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 ...

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 ...

Innodata (NasdaqGM:INOD) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAmy Agress - SVP and General CounselHamed Khorsand - Principal and Director of ResearchJack Abuhoff - President and CEOMarissa Espineli - VP and Corporate ControllerConference Call ParticipantsAllen Klee - Managing Director and Senior Research AnalystGeorge Sutton - Senior Research AnalystOperatorGood afternoon, ladies and gentlemen, and welcome to the Innodata to report Fourth Quarter and Fiscal Year 2025 Resul ...

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 ...

Financial Data and Key Metrics Changes - Revenue increased by 10% year-over-year, primarily driven by the ramp-up of oxide sales within the materials segment and initial precursor product sales in the magnetic segment [13][16] - Adjusted EBITDA improved significantly year-over-year, contributing to the increase in adjusted diluted earnings per share [14][17] - The price protection agreement (PPA) income totaled $51 million in the quarter, reflecting the realization of the full $110 per unit purchase price floor for sold products [13][16] Business Line Data and Key Metrics Changes - In the materials segment, NdPr oxide output doubled to 2,599 metric tons, with total oxide sales volumes rising 75% to nearly 2,000 metric tons for the year [5][7] - The magnetic segment generated $66.9 million in revenue and $26.4 million in adjusted EBITDA for the year, with a slight decline in revenue and segment-adjusted EBITDA sequentially due to improved yields and cost efficiencies [16][21] Market Data and Key Metrics Changes - The company remains the world's second-largest producer of total REO, with over 50,000 metric tons produced in 2025, a 12% increase compared to 2024 [7][14] - Demand for NdPr oxide remains robust, reinforced by a significant long-term offtake agreement with a leading technology company [7][8] Company Strategy and Development Direction - The company aims to be a vertically integrated global leader in rare earth magnetics, focusing on expanding its NdPr business and advancing its heavy rare earth separation circuit [5][8] - The construction of the new 10X facility in Northlake, Texas, is underway, with over $200 million in incentives and grants secured [9][25] - The company is strategically positioned to benefit from the growing demand for NdPr in physical AI and electrified mobility sectors [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand growth and pricing strength for NdPr, anticipating that it will outpace that of dysprosium and terbium [11][12] - The company is focused on disciplined execution and thoughtful capital allocation to drive enduring value amidst increasing competitive intensity in the market [33][36] Other Important Information - The company expects total capital expenditures to be in the range of $500 million to $600 million in 2026, primarily reflecting accelerated investment in the 10X facility and other growth initiatives [25][24] - The company has over $1.8 billion in cash on hand, providing ample capital to execute on its initiatives [25] Q&A Session Summary Question: Is the OEM agreement with a U.S.-based auto OEM or a foreign OEM? - Management indicated that the agreement is with one of America's leading technology companies, emphasizing the accelerating demand for NdPr and the value of their platform [38] Question: Can the timeline for the 10X project be moved forward? - Management stated that they are focused on getting the project online as quickly as possible, with commissioning expected in 2028, while making progress to potentially accelerate the timeline [40][41] Question: How does the company view the trade-off between selling oxide directly or selling magnets? - Management explained that Independence is currently sold out, and they are methodical in delivering commercial syndication from that facility, capturing value from raw materials while opening opportunities downstream [49] Question: What is the outlook for NdPr prices in China? - Management noted that NdPr is seeing increased demand, particularly from EV and hybrid makers, and they expect continued acceleration in NdPr prices due to market dynamics [52][55] Question: What are the implications of policy initiatives like Project Vault on the business? - Management indicated that these initiatives are still in early stages but expect to benefit from them, as they open up capital markets and create opportunities for the company [66]

Personalis (NasdaqGM:PSNL) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAaron Tachibana - CFO and COOCaroline Corner - Investor Relations ContactChris Hall - CEO and PresidentJason Kritzer - Managing Director and Co-Head of Value TeamRich Chen - Chief Medical Officer and EVP of R&DTom Stevens - VPVidyun Bais - VP of Equity ResearchConference Call ParticipantsBill Bonello - Senior Research AnalystSubbu Nambi - Managing Director and Equity Research AnalystThomas Flaten - Senior Rese ...

National CineMedia (NasdaqGS:NCMI) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlicia Reese - SVP, Equity ResearchChan Park - Senior Vice President of FinanceEric Wold - Executive Director of Equity ResearchRonnie Ng - Chief Financial OfficerTom Lesinski - Chief Executive OfficerConference Call ParticipantsMike Hickey - Senior Analyst and Equity Research AnalystPatrick Sholl - Vice President and Research AnalystOperatorGood day. Welcome to the National CineMedia Q4 2025 earnings ...