Name: US Earnings Financial Results SEC Filings — July 29, 2026
Creator: Gunpowder
Published: 2026-07-30T01:07:12.065Z
License: https://www.gunpowderalerts.com/terms

50 high priority 50 total filings analysed

Executive Summary

The 50 filings for the period ended June 30, 2026, reveal a market characterized by a sharp divergence between top-line growth and bottom-line quality. While a majority of companies reported revenue increases (e.g., Omnicom +100%+, Cadence +24%, Coca-Cola +7%), profitability was often undermined by rising operating costs, impairment charges, and aggressive capital allocation.

A significant theme is the 'cash burn for growth' pattern, where companies like Biogen ($5.1B acquisition), GE HealthCare ($2.3B in acquisitions), and Cadence ($2.1B in acquisitions) are depleting cash reserves to fund M&A, while simultaneously engaging in massive share buybacks (Omnicom $2.99B, Waste Management $1B, Masco $592M). This has led to a deterioration in balance sheet strength for several firms, with negative equity positions (Masco, Verisk) and widening net losses (Clarivate, MGP Ingredients, Ford). The technology sector shows strong subscription/SaaS growth (Commvault +39% SaaS revenue), while industrial and consumer-facing companies face margin compression and inventory build-ups (VF Corp +38.5% inventory). Insider trading activity is notably absent from the enriched data, but the forward-looking statements and capital allocation decisions provide clear signals of management's strategic priorities. The most critical developments are the wave of transformative M&A and the aggressive use of debt and cash for shareholder returns, which creates both opportunities for earnings accretion and risks of financial distress.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: 10-Q · 10-K

Tracking the trend? Catch up on the prior US Earnings Financial Results SEC Filings digest from July 28, 2026.

Investment Signals (12)

Omnicom Group ↓
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Revenue more than doubled YoY across all segments (Integrated Media +63%, PR +92%), with net income surging 127% in Q2. However, cash flow from operations turned deeply negative (-$932M) due to $2.99B in buybacks. [BULLISH on revenue, BEARISH on cash management]
Cadence Design Systems ↓ (BULLISH)
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Revenue grew 24.2% YoY and net income surged 129% YoY, driven by strong product and maintenance revenue. The company executed a major acquisition, boosting goodwill to $4.9B.
Coca-Cola ↓ (BULLISH)
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Net revenues grew 6.7% in Q2 and net income rose 16.1%, with operating cash flow swinging from a use of $1.4B to a source of $7.5B YoY, indicating strong operational efficiency.
Constellium SE ↓ (BULLISH)
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Revenue surged 30.7% YoY in Q2 and net income quadrupled to $148M, driven by broad-based segment growth. Share repurchases continued ($48M in H1).
Garrett Motion ↓ (BULLISH)
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Net sales grew 6.9% in Q2, net income rose 16.1%, and gross margin expanded 190 bps to 21.7%. The company is aggressively reducing debt and buying back shares ($115M in H1).
MediaAlpha ↓
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Net income swung to $39.4M from a -$18.7M loss, driven by 26% revenue growth. However, customer concentration increased significantly (3 customers = 57% of revenue). [BULLISH on turnaround, BEARISH on concentration risk]
Biogen ↓ (BEARISH)
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Revenue grew only 3.4% in Q2, but net income plunged 84.6% due to a $5.1B acquisition and a 36.9% surge in total costs. Cash reserves fell from $3.0B to $1.3B.
Clarivate PLC ↓ (BEARISH)
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Revenue declined 5.5% YoY, and the company reported a net loss of $268.6M, widening from a $72M loss, driven by a $221.7M goodwill impairment.
MGP Ingredients ↓ (BEARISH)
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Reported a net loss of $122.8M for H1 2026 vs. net income of $11.4M a year ago, driven by a $179.5M goodwill impairment. Distilling Solutions sales plunged 41% in Q2.
Wabash National ↓ (BEARISH)
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Net loss widened to $22.9M in Q2 from a $9.6M loss, with revenue declining 9.1% and gross profit falling 63%. Operating loss widened to $25.3M.
Ford Motor Co ↓ (BEARISH)
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Total revenues fell 3.8% in Q2, and net loss widened to $1.33B from $36M. Cash and equivalents dropped sharply from $23.4B to $18.6B, while operating cash flow halved.
VF Corp (BEARISH)
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Revenue declined 5.2% and net loss improved only marginally to -$97.2M. Inventories surged 38.5% sequentially, signaling potential future write-downs.

Risk Flags (10)

Omnicom Group / Cash Flow Risk↓ [HIGH RISK]
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Operating cash flow turned deeply negative at -$932.4M for H1 2026, driven by $2.99B in share repurchases. Cash balance declined by $3.5B to $3.3B.
Biogen / Acquisition Integration Risk↓ [HIGH RISK]
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Net income plunged 84.6% in Q2 due to the $5.1B Apellis acquisition. Total costs surged 36.9%, and cash reserves fell by 57%. Integration risks are high.
Clarivate PLC / Impairment Risk↓ [HIGH RISK]
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Recorded a $221.7M goodwill impairment, driving a net loss of $268.6M. Total assets and equity are shrinking, and revenue is declining.
MGP Ingredients / Impairment & Segment Decline↓ [HIGH RISK]
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Recorded a $179.5M goodwill impairment. Distilling Solutions sales plunged 41% in Q2, and the company paid $48.7M in contingent consideration.
Masco Corp / Negative Equity↓ [HIGH RISK]
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Total equity turned negative to -$118M from $76M at year-end, driven by $592M in share repurchases. Retained deficit deepened to -$849M.
Verisk Analytics / Negative Equity↓ [HIGH RISK]
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Stockholders' equity fell to -$1.19B, driven by increased debt ($999M issuance) and aggressive share repurchases. Interest expense surged 48.7% YoY.
VF Corp / Inventory Build Risk [HIGH RISK]
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Inventories surged 38.5% sequentially to $1.90B, while revenue declined 5.2%. This could lead to future margin pressure and write-downs.
Ford Motor Co / Deteriorating Profitability↓ [HIGH RISK]
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Net loss widened to $1.33B in Q2, cash and equivalents fell by $4.8B, and operating cash flow halved to $5.7B.
Wabash National / Deepening Losses↓ [HIGH RISK]
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Net loss widened to $22.9M in Q2, operating loss widened to $25.3M, and gross profit fell 63%. Revenue declined 9.1%.
Axalta Coating Systems / Margin Compression↓ [MEDIUM RISK]
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Net income fell 18.3% in Q2 despite a 3.1% revenue increase, driven by higher other operating charges ($42M vs $12M). Current portion of debt surged to $519M from $20M.

Opportunities (10)

Coca-Cola / Strong Cash Flow & Balance Sheet↓ (OPPORTUNITY)
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Operating cash flow surged to $7.5B from a use of $1.4B, long-term debt decreased by $5.1B, and total equity rose to $38.3B. The company is deleveraging while growing.
Cadence Design Systems / High Growth & Margin Expansion↓ (OPPORTUNITY)
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Revenue grew 24.2% YoY and net income surged 129% YoY. The company is investing heavily in acquisitions to fuel future growth.
Constellium SE / Revenue & Profit Surge↓ (OPPORTUNITY)
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Revenue grew 30.7% and net income quadrupled to $148M. The company is generating strong operating cash flow ($161M in Q2) and buying back shares.
Garrett Motion / Margin Expansion & Debt Reduction↓ (OPPORTUNITY)
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Gross margin expanded 190 bps to 21.7%, net income rose 16.1%, and the company is aggressively reducing debt (total deficit improved to -$675M from -$802M).
Commvault Systems / SaaS Growth Story↓ (OPPORTUNITY)
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SaaS revenue surged 38.8% to $100.6M, driving total revenue growth of 11.4%. International revenue grew 14.7%, outpacing the Americas.
MediaAlpha / Turnaround & Profitability↓ (OPPORTUNITY)
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Net income swung to $39.4M from a -$18.7M loss, driven by 26% revenue growth. The company is reducing share count through repurchases.
Fortrea Holdings / Cost Restructuring Success↓ (OPPORTUNITY)
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Net loss improved dramatically to -$13.2M from -$374.9M, driven by the absence of $309.1M in impairments. Direct costs and SG&A declined significantly.
Quad/Graphics / Return to Profitability↓ (OPPORTUNITY)
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Net earnings swung to $3.7M from a -$0.1M loss, driven by higher sales and a sharp reduction in interest expense ($8.9M vs $13.2M). Dividend was increased.
uniQure N.V. / Strengthened Balance Sheet↓ (OPPORTUNITY)
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Completed a $242.7M follow-on offering, boosting cash to $413.0M from $80.2M. R&D expenses decreased 4% while revenues increased 11%.
Humana / Strong Revenue Growth & Cash Flow↓ (OPPORTUNITY)
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Total revenues grew 26.2% in Q2, and operating cash flow doubled to $3.22B for H1. The company's asset base expanded significantly.

Sector Themes (6)

Cash Burn for Growth & Shareholder Returns
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A dominant theme is companies depleting cash reserves to fund both M&A and aggressive share buybacks. Examples include Omnicom ($2.99B buybacks, -$932M operating cash flow), Biogen ($5.1B acquisition, cash down 57%), and Masco ($592M buybacks, negative equity). This strategy boosts EPS in the short term but creates significant balance sheet risk.
Divergence in Profitability vs. Revenue
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Many companies are reporting revenue growth but declining net income, indicating margin compression. Examples include Axalta (revenue +3.1%, net income -18.3%), SLB (revenue +5%, net income -22.5%), and Biogen (revenue +3.4%, net income -84.6%). This suggests rising input costs, acquisition-related expenses, or competitive pricing pressures.
Impairment Wave in Industrials & Tech
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Multiple companies recorded significant goodwill and asset impairments, signaling overpayment for past acquisitions or deteriorating business fundamentals. Clarivate ($221.7M), MGP Ingredients ($179.5M), and Fortrea (prior year $309.1M) all took large charges. This is a red flag for the quality of past M&A.
SaaS & Subscription Model Strength
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Companies with recurring revenue models are outperforming. Commvault's SaaS revenue surged 38.8%, and Cadence's product and maintenance revenue drove 24% total growth. This contrasts with traditional license or product-based companies facing headwinds.
Consumer & Industrial Weakness
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Consumer-facing and industrial companies are showing signs of stress. VF Corp (revenue -5.2%, inventory +38.5%), Ford (net loss, cash burn), and Wabash National (revenue -9.1%, gross profit -63%) all point to softening demand and operational challenges.
Leveraged Buyback Strategies
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Several companies are using debt to fund share repurchases, leading to negative equity or deteriorating credit profiles. Verisk issued $999M in debt while buying back shares, resulting in -$1.19B equity. Masco's aggressive buybacks pushed equity to -$118M. This is a high-risk strategy if earnings falter.

Watch List (8)

Biogen / Apellis Integration↓
👁

Watch for Q3 2026 earnings to assess the success of the $5.1B Apellis acquisition. Key metrics: revenue contribution, cost synergies, and cash flow generation. [Next earnings: Late Oct 2026]
Omnicom Group / Cash Flow Recovery↓
👁

Monitor if the company can reverse its negative operating cash flow trend. The $2.99B in buybacks has severely strained liquidity. [Next earnings: Late Oct 2026]
Masco Corp / Negative Equity Resolution↓
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Watch for any plans to address the negative equity position (-$118M). Continued aggressive buybacks could lead to credit rating downgrades. [Next earnings: Late Oct 2026]
VF Corp / Inventory Write-Down Risk
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The 38.5% sequential inventory build is a major red flag. Watch for potential inventory write-downs in the next quarter, which could further pressure margins. [Next earnings: Late Oct 2026]
MGP Ingredients / Distilling Solutions Turnaround↓
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Monitor the Distilling Solutions segment, which saw sales plunge 41% in Q2. Any stabilization or recovery would be a key catalyst. [Next earnings: Early Nov 2026]
Clarivate PLC / Further Impairments↓
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With a $221.7M impairment already taken and revenue declining, watch for additional goodwill impairments on the remaining $4.5B equity base. [Next earnings: Late Oct 2026]
Cadence Design Systems / Acquisition Integration↓
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The company spent $2.1B on acquisitions, boosting goodwill to $4.9B. Monitor integration success and revenue contribution from these deals. [Next earnings: Late Oct 2026]
Ford Motor Co / Cash Burn & EV Strategy↓
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With cash declining by $4.8B and operating cash flow halved, watch for any updates on capital allocation and EV investment plans. [Next earnings: Late Oct 2026]

Filing Analyses (50)

OMNICOM GROUP INC. 10-Q mixed materiality 9/10

29-07-2026

Omnicom Group Inc. reported strong financial results for the three and six months ended June 30, 2026, with revenue more than doubling year-over-year in the Americas and significant growth across all segments. Net income attributable to Omnicom rose 127% to $584.8M in Q2 2026 and 82% to $990.0M in the first half. However, cash flow from operations turned negative at -$932.4M for the six months, and the company's cash balance declined sharply by $3.5B to $3.3B, driven by heavy share repurchases ($2.99B) and debt repayment ($1.4B).

· Revenue growth was broad-based: Integrated Media +63% to $3,259.4M, Advertising +52% to $1,079.1M, Public Relations +92% to $708.9M, Health +80% to $586.0M, Experiential & Other +53% to $929.1M in Q2 2026.
· Geographically, North America revenue surged 81% to $3,990.8M in Q2 2026, while Europe grew 36% to $1,587.6M and Asia-Pacific grew 29% to $593.9M.
· Severance and repositioning costs decreased from $88.8M in Q2 2025 to $47.0M in Q2 2026, and from $88.8M to $51.1M in H1 2026.
· The company recorded a $34.3M loss on assets held for sale and dispositions in H1 2026 (none in H1 2025).
· Long-term debt increased from $7,655.0M at Dec 31, 2025 to $9,953.2M at June 30, 2026, while current portion of debt was eliminated.
· Shareholders' equity decreased from $12,045.8M to $9,661.8M, primarily due to $2,988.2M in share repurchases.
· Dividends declared per common share increased 14% to $0.80 in Q2 2026 and 14% to $1.60 in H1 2026.

OGE ENERGY CORP. 10-Q mixed materiality 7/10

29-07-2026

OGE Energy Corp. reported mixed results for Q2 2026. Net income increased 8.2% YoY to $116.3M in the quarter, driven by lower fuel costs and higher other revenues. However, for the first half of 2026, net income declined 2.2% YoY to $166.5M, as higher operating expenses and interest costs offset revenue gains. Operating cash flow improved sharply to $511.4M from $354.5M in the prior-year period, while capital expenditures remained elevated at $488.6M.

· Total assets increased to $14.63B at June 30, 2026 from $14.37B at December 31, 2025.
· Long-term debt rose to $5.60B from $5.37B over the same period.
· Short-term debt decreased sharply to $129.1M from $292.0M at year-end 2025.
· Fuel clause over-recoveries surged to $152.0M from $27.1M, reflecting lower fuel costs.
· Dividends declared were $0.425 per share in Q2 2026, up from $0.42125 in Q2 2025.

FORD MOTOR CO 10-Q mixed materiality 9/10

29-07-2026

Ford Motor Company reported total revenues of $48.3B for Q2 2026 (down 3.8% YoY from $50.2B) and $91.5B for H1 2026 (up 0.8% YoY from $90.8B). Net income attributable to Ford was a loss of $1.327B in Q2 2026 versus a loss of $36M in Q2 2025, while H1 2026 net income improved to $1.221B from $435M in H1 2025. Cash and cash equivalents fell sharply to $18.6B at June 30, 2026 from $23.4B at December 31, 2025, and operating cash flow declined to $5.7B in H1 2026 from $10.0B in H1 2025.

· Ford Credit total revenues increased to $3.4B in Q2 2026 from $3.2B in Q2 2025, and to $6.8B in H1 2026 from $6.5B in H1 2025.
· Company excluding Ford Credit revenues fell to $44.9B in Q2 2026 from $46.9B in Q2 2025, but rose slightly to $84.7B in H1 2026 from $84.4B in H1 2025.
· Capital spending increased to $4.8B in H1 2026 from $3.9B in H1 2025.
· Dividends and dividend equivalents declared were $0.15 per share in Q2 2026, down from $0.30 per share in Q1 2025.
· Total debt (Company excluding Ford Credit + Ford Credit) increased to $160.9B at June 30, 2026 from $163.3B at December 31, 2025.
· Net income/(loss) for Q2 2026 was a loss of $1.322B consolidated, compared to a loss of $29M in Q2 2025.
· Provision for credit and insurance losses increased to $359M in H1 2026 from $323M in H1 2025.
· Disposition of investment in BOSK resulted in non-cash charges of $2.93B in H1 2026.

CLARIVATE PLC 10-Q negative materiality 9/10

29-07-2026

Clarivate PLC reported a net loss of $268.6M for Q2 2026, widening from a $72.0M loss in Q2 2025, driven by a $221.7M goodwill and intangible asset impairment charge. Revenue declined 5.5% YoY to $587.3M, while operating income swung to a loss of $200.2M from a $6.9M profit in the prior-year quarter. Cash from operations fell 18.8% to $233.4M in the first half, and the company reduced debt by $211.1M while continuing share repurchases.

· Total assets decreased to $10.486B as of June 30, 2026 from $11.069B at December 31, 2025.
· Accumulated deficit widened to $7.823B from $7.515B.
· Total shareholders' equity fell to $4.538B from $4.843B.
· Goodwill decreased to $1.345B from $1.567B, reflecting the impairment.
· Current portion of long-term debt dropped sharply to $1.6M from $101.5M.
· Deferred revenues (current) increased to $897.0M from $878.6M.
· Weighted average diluted shares outstanding fell to 639.4M in Q2 2026 from 681.3M in Q2 2025.
· Restructuring costs were $12.1M in Q2 2026 vs $9.3M in Q2 2025.
· Interest expense, net decreased to $60.4M from $66.6M in Q2.
· The company had no debt issuance or extinguishment costs in H1 2026 vs $8.5M in H1 2025.

SiteOne Landscape Supply, Inc. 10-Q mixed materiality 8/10

29-07-2026

SiteOne Landscape Supply reported Q2 2026 net sales of $1,530.7M, up 4.7% YoY from $1,461.6M, and net income attributable to SiteOne of $139.3M, up 8.0% from $129.0M. For the first half of 2026, net sales rose 2.9% to $2,470.8M and net income attributable to SiteOne increased 10.8% to $112.7M. However, the company's cash position declined sharply from $190.6M at year-end 2025 to $87.4M, driven by significant share repurchases ($114.4M in H1) and acquisition spending ($72.1M), while operating cash flow improved to $31.1M from $7.1M in the prior-year period.

· Diluted EPS for Q2 2026 was $3.14, up from $2.86 in Q2 2025.
· Diluted EPS for H1 2026 was $2.53, up from $2.25 in H1 2025.
· Gross profit margin for Q2 2026 was 36.9% ($564.5M / $1,530.7M), compared to 36.4% in Q2 2025.
· SG&A expenses increased 6.2% YoY in Q2 2026 to $370.7M, outpacing net sales growth.
· Inventory increased to $1,092.5M as of June 28, 2026, from $876.5M at year-end 2025.
· Total debt (current portion + long-term debt) increased to $505.7M from $385.4M at year-end 2025.
· Share repurchases in H1 2026 totaled $114.4M, nearly double the $58.3M in H1 2025.
· Acquisition spending in H1 2026 was $72.1M, compared to $10.8M in H1 2025.
· The company acquired the remaining non-controlling interest in a subsidiary for $26.5M in Q2 2026.

ARES CAPITAL CORP 10-Q mixed materiality 8/10

29-07-2026

Ares Capital Corp reported total investment income of $768M for Q2 2026 (up 3.1% YoY from $745M) and $1,531M for H1 2026 (up 3.7% YoY from $1,477M). Net investment income rose to $359M in Q2 (up 5.0% YoY) and $757M in H1 (up 7.1% YoY). However, net realized and unrealized losses of $188M in Q2 and $494M in H1 drove net increase in stockholders' equity down sharply to $171M in Q2 (from $361M) and $263M in H1 (from $602M). Net asset value per share fell to $19.35 from $19.94 at year-end 2025.

· Interest and credit facility fees increased to $214M in Q2 2026 (from $188M) and $427M in H1 2026 (from $374M).
· Capital gains incentive fee was a credit of $21M in Q2 2026 vs. an expense of $4M in Q2 2025; for H1 2026 a credit of $82M vs. $21M credit in H1 2025.
· Net realized gains (losses) swung to a loss of $5M in Q2 2026 from a gain of $34M in Q2 2025; for H1 2026 a gain of $101M vs. a loss of $27M in H1 2025.
· Net unrealized losses deepened to $183M in Q2 2026 (from $15M) and $595M in H1 2026 (from $78M).
· Total assets decreased to $30,498M as of June 30, 2026 from $31,235M at December 31, 2025.
· Total liabilities decreased to $16,607M from $16,917M.
· Accumulated undistributed earnings fell to $531M from $958M.
· The company had $123.5M in net unfunded equity commitments as of June 30, 2026.
· Interest rate swaps with a total notional amount of $6,700M had a net fair value of ($31M) and a change in unrealized depreciation of ($67M).
· Foreign currency forward contracts had a total unrealized appreciation of $19M.

FORD MOTOR CREDIT CO LLC 10-Q mixed materiality 8/10

29-07-2026

Ford Motor Credit Co LLC filed its quarterly report (10-Q) for the period ended June 30, 2026, showing a 6.8% decline in total assets to $158.5B from $162.5B at year-end 2025. Net income for the first half of 2026 more than doubled to $1.75B from $967M in the prior-year period, driven by a 10% increase in operating cash flow. However, the company's cash and cash equivalents decreased 9.1% to $8.4B, and total finance receivables net fell 3.6% to $115.5B, reflecting a mixed performance with strong earnings growth but shrinking asset base.

· Consumer finance receivables decreased to $82.6B at June 30, 2026 from $85.4B at December 31, 2025.
· Non-consumer finance receivables decreased to $33.9B from $35.3B over the same period.
· Net investment in operating leases increased slightly to $27.6B from $26.5B.
· Distributions declared to parent totaled $1.875B in H1 2026 vs $700M in H1 2025, a 168% increase.
· Accumulated other comprehensive loss widened to $(779)M from $(695)M.
· Provision for credit losses increased 26.8% to $322M in H1 2026 from $254M in H1 2025.
· Allowance for credit losses rose 6.3% to $968M from $911M.
· Cash distributions to parent in financing activities surged to $1.875B in H1 2026 from $700M in H1 2025.

VISA INC. 10-Q mixed materiality 8/10

29-07-2026

Visa Inc. reported net revenue of $11,633M for Q3 FY2026 (three months ended June 30, 2026), up 14.3% from $10,172M in Q3 FY2025. Net income increased 6.8% to $5,628M from $5,272M. However, total assets declined 5.1% to $94,590M from $99,627M, and total equity decreased 7.2% to $35,178M from $37,909M, driven by share repurchases and dividends.

· Operating income for Q3 FY2026 was $6,877M, up 11.3% from $6,177M in Q3 FY2025.
· Litigation provision for Q3 FY2026 was $253M, down from $615M in Q3 FY2025.
· Cash and cash equivalents decreased to $12,359M as of June 30, 2026 from $17,164M as of September 30, 2025.
· Total debt (current maturities + long-term) increased to $23,858M as of June 30, 2026 from $25,171M as of September 30, 2025.
· Diluted EPS for Class A common stock was $2.97 for Q3 FY2026 vs $2.69 for Q3 FY2025.
· Share repurchases of class A common stock totaled $16,537M for the nine months ended June 30, 2026.
· Cash dividends declared and paid were $0.67 per class A common stock in Q3 FY2026, up from $0.59 in Q3 FY2025.

CADENCE DESIGN SYSTEMS INC 10-Q positive materiality 9/10

29-07-2026

Cadence Design Systems reported strong Q2 FY2026 results with total revenue of $1,584M (+24.2% YoY) and net income of $367M (+129.3% YoY), driven by robust product and maintenance revenue growth. However, cash and cash equivalents declined sharply to $1,440M from $3,001M at year-end 2025, primarily due to $2,100M in cash paid for business combinations. The company also recorded a significant increase in goodwill to $4,915M (up from $2,749M) and acquired intangibles to $1,874M (up from $718M), reflecting a major acquisition during the period.

· Net income per share (diluted) rose to $1.33 in Q2 2026 from $0.59 in Q2 2025.
· Total costs and expenses increased 9.7% YoY to $1,134M in Q2 2026, driven by higher R&D ($531M vs $442M) and amortization of acquired intangibles ($34M vs $9M).
· The company had no loss related to contingent liability in Q2 2026, compared to $128.5M in Q2 2025.
· Cash used for investing activities was $2,086M in H1 2026 vs $197M in H1 2025, primarily due to $2,100M in business combination payments.
· Proceeds from revolving credit facility of $600M were fully repaid in H1 2026.
· Total assets increased to $12,080M from $10,153M at year-end 2025.
· Stockholders' equity grew to $6,858M from $5,474M at year-end 2025, partly due to $902M in common stock issued in a business combination.
· Accumulated other comprehensive loss widened to $(56)M from $(2)M at year-end 2025.
· Deferred revenue (current and long-term) increased to $1,170M from $934M at year-end 2025.
· The company reported a $2,147M increase in goodwill and $1,248M in acquired intangibles from a business combination, with total purchase consideration of $3,101M.

ROGERS CORP 10-Q mixed materiality 8/10

29-07-2026

Rogers Corp reported a strong turnaround for the quarter and six months ended June 30, 2026, swinging to a net income of $13.6M (Q2) and $18.1M (H1) from net losses of $73.6M and $75.0M in the prior-year periods, respectively. The improvement was driven by higher net sales (Q2: $216.8M, +6.9% YoY; H1: $417.3M, +6.1% YoY) and a sharp reduction in restructuring and impairment charges ($0.7M vs. $76.1M in Q2). However, the company experienced a foreign currency translation loss of $1.9M in Q2 (vs. a $33.6M gain a year ago), and cash and cash equivalents declined to $181.4M from $197.0M at year-end 2025.

· Gross margin improved to $70.4M in Q2 2026 from $64.0M in Q2 2025.
· Selling, general and administrative expenses decreased to $42.2M in Q2 2026 from $48.5M in Q2 2025.
· Research and development expenses were relatively flat at $7.3M in Q2 2026 vs. $7.0M in Q2 2025.
· Operating income was $20.0M in Q2 2026 vs. an operating loss of $67.5M in Q2 2025.
· Net cash provided by operating activities increased to $30.2M in H1 2026 from $25.4M in H1 2025.
· Capital expenditures decreased to $10.8M in H1 2026 from $17.7M in H1 2025.
· Share repurchases were $3.0M in H1 2026 vs. $28.1M in H1 2025.
· Accounts receivable increased to $149.2M at June 30, 2026 from $130.6M at December 31, 2025.
· Inventories increased to $130.0M at June 30, 2026 from $125.0M at December 31, 2025.
· Total current assets increased to $543.6M from $500.0M at year-end 2025.
· Total current liabilities increased to $136.3M from $126.1M at year-end 2025.
· Goodwill decreased slightly to $301.1M from $303.4M.
· Intangible assets, net decreased to $93.2M from $99.3M.
· Accumulated other comprehensive loss worsened to ($56.9M) from ($47.1M) at year-end 2025, driven by foreign currency translation losses.

Veralto Corp 10-Q mixed materiality 8/10

29-07-2026

Veralto Corp reported solid Q2 2026 results with sales up 7.5% YoY to $1,474M and net earnings rising 8.6% to $241M, driven by strong organic growth and recent acquisitions. However, the company faced significant foreign currency headwinds, with comprehensive income falling 33.2% to $229M due to a $12M translation loss versus a $153M gain a year ago. The company completed a $426M acquisition in the period and aggressively repurchased $434M of stock year-to-date, while total debt increased to $3,379M from $2,673M at year-end.

· Goodwill increased to $3,167M from $2,838M at year-end, reflecting acquisition activity.
· Other intangible assets, net rose to $828M from $524M at year-end.
· Total assets grew to $8,558M from $7,693M at year-end.
· Accumulated other comprehensive loss worsened to $(960)M from $(913)M at year-end.
· The company's effective tax rate dropped significantly: Q2 2026 rate ~16.6% vs Q2 2025 ~22.1%.
· Cash paid for acquisitions, net of cash acquired, totaled $620M in H1 2026.
· Net proceeds from borrowings (maturities longer than 90 days) were $719M in H1 2026.
· Cash income tax payments increased to $91M in H1 2026 from $56M in H1 2025.
· The company had no preferred stock issued or outstanding.
· Treasury stock balance was $(438)M as of July 3, 2026, compared to $0 at year-end.

GE HealthCare Technologies Inc. 10-Q mixed materiality 8/10

29-07-2026

GE HealthCare reported Q2 2026 revenue of $5,295M, up 5.8% YoY from $5,007M, driven by growth in Imaging (AIS) and Patient Diagnostics (PDx). Net income attributable to GE HealthCare rose 15.4% to $561M from $486M. However, Patient Care Solutions (PCS) revenue declined 13.2% YoY to $675M, and cash from operations improved to $458M from $344M, while free cash flow was negative due to heavy acquisition spending of $2,293M.

· Operating income for Q2 2026 was $739M, up 13.0% from $654M in Q2 2025.
· Gross profit margin improved to 41.2% in Q2 2026 from 39.6% in Q2 2025.
· Cash used for investing activities was $2,615M in H1 2026 vs $630M in H1 2025, primarily due to acquisitions.
· Total debt (short-term + long-term) increased to $10,093M as of June 30, 2026 from $10,003M at Dec 31, 2025.
· Share repurchases totaled $300M in H1 2026, triple the $100M in H1 2025.
· Dividends declared were $0.035 per common share in Q2 2026, unchanged from prior periods.

PARSONS CORP 10-Q mixed materiality 9/10

29-07-2026

Parsons Corp reported a net loss of $15.2M for Q2 2026, a sharp reversal from net income of $55.2M in Q2 2025, driven by a 98.6% plunge in operating income to just $1.3M. Revenue was essentially flat at $1.58B, while the company completed a $350.1M acquisition in the first half of 2026, contributing to a $200.3M decline in cash and cash equivalents to $266.0M.

· Equity in losses of unconsolidated joint ventures worsened to $33.7M in Q2 2026 from $0.6M in Q2 2025.
· Selling, general and administrative expenses increased 3.2% to $260.2M in Q2 2026.
· Direct cost of contracts rose 3.6% to $1.28B in Q2 2026.
· Contract assets grew 16.0% to $1.06B from Dec 31, 2025 to June 30, 2026.
· The company held $79.8M in cash of consolidated joint ventures as of June 30, 2026.
· Assets held for sale of $17.2M and liabilities held for sale of $60.7M were recorded as of June 30, 2026.
· Net cash used in investing activities was $386.5M in H1 2026, up from $164.3M in H1 2025.
· Proceeds from borrowings under credit agreement were $454.9M in H1 2026.
· The company repurchased $49.99M of common stock in H1 2026.
· Acquired intangible assets include customer relationships ($85.3M, 15-year amortization), backlog ($16.4M, 1-year), trade name ($3.9M, 2-year), and non-compete agreements ($0.2M, 3-year).

BIOGEN INC. 10-Q mixed materiality 9/10

29-07-2026

Biogen reported total revenue of $2,736.0M for Q2 2026, up 3.4% YoY from $2,645.5M, and $5,213.8M for H1 2026, up 2.7% YoY from $5,076.5M. However, net income plunged 84.6% to $97.5M in Q2 (from $634.8M) and 52.4% to $417.0M in H1 (from $875.3M), driven by a sharp increase in operating expenses including $165.4M in restructuring charges and $164.0M in acquired IPR&D. The company completed the $5,065.1M acquisition of Apellis, which contributed to a significant cash burn and a decline in cash and cash equivalents to $1,285.0M from $3,008.5M at year-end 2025.

· Total cost and expense surged to $2,603.6M in Q2 2026 from $1,901.5M in Q2 2025, a 36.9% increase.
· Research and development expense rose 32.7% to $529.6M in Q2 2026 from $399.0M.
· Selling, general and administrative expense increased 21.6% to $709.7M in Q2 2026 from $583.8M.
· Restructuring charges swung from a gain of $0.7M in Q2 2025 to a charge of $165.4M in Q2 2026.
· Acquired IPR&D expense was $164.0M in Q2 2026 vs $46.6M in Q2 2025.
· Net cash provided by operating activities improved to $1,094.4M in H1 2026 from $420.2M in H1 2025.
· Net cash used in investing activities was $4,048.7M in H1 2026, primarily due to the Apellis acquisition.
· Total assets increased to $32,086.6M as of June 30, 2026 from $29,439.5M at year-end 2025, largely due to goodwill and intangible assets from the Apellis acquisition.
· Long-term debt (notes payable and term loan) rose to $7,290.3M from $6,286.8M.
· Diluted EPS fell to $0.66 in Q2 2026 from $4.33 in Q2 2025, a decline of 84.8%.

MASCO CORP /DE/ 10-Q mixed materiality 8/10

29-07-2026

Masco Corp. reported a mixed Q2 2026 with net sales declining 2.9% YoY to $1,992M, but net income attributable to Masco rose 17.8% to $318M, driven by a 12.4% gross profit increase. For the six months, net sales grew 1.5% to $3,910M while net income attributable to Masco increased 16.4% to $531M. However, the company's retained deficit deepened to $(849)M from $(688)M at year-end 2025, and total equity turned negative to $(118)M from $76M, reflecting aggressive share repurchases ($592M in H1 2026) and a dividend payout.

· Diluted EPS for Q2 2026 was $1.60, up from $1.28 in Q2 2025 (25.0% increase).
· Diluted EPS for H1 2026 was $2.64, up from $2.15 in H1 2025 (22.8% increase).
· Total comprehensive income attributable to Masco Corporation declined to $321M in Q2 2026 from $332M in Q2 2025 (3.3% decrease).
· Cash dividends paid in H1 2026 were $129M, slightly down from $132M in H1 2025.
· Long-term debt increased to $3,245M at June 30, 2026 from $2,945M at December 31, 2025, due to a $300M term loan.
· Receivables increased to $1,342M at June 30, 2026 from $1,028M at December 31, 2025 (30.5% increase).
· Inventories rose slightly to $1,060M from $1,046M.
· Goodwill decreased to $618M from $623M.
· Other intangible assets, net decreased to $194M from $205M.
· Operating lease right-of-use assets increased to $253M from $233M.
· Accounts payable increased to $890M from $810M.
· Accrued liabilities decreased slightly to $754M from $761M.
· Noncurrent operating lease liabilities increased to $246M from $221M.
· Other liabilities decreased to $383M from $387M.
· Noncontrolling interest decreased to $247M from $261M.
· Currency translation adjustment for H1 2026 was a loss of $26M vs a gain of $112M in H1 2025.
· Capital expenditures were $77M in H1 2026 vs $68M in H1 2025.
· Proceeds from exercise of stock options were $23M in H1 2026 vs $2M in H1 2025.
· Employee withholding taxes paid on stock-based compensation were $14M in H1 2026 vs $8M in H1 2025.

Curbline Properties Corp. 10-Q mixed materiality 8/10

29-07-2026

Curbline Properties Corp. reported Q2 2026 net income attributable to the company of $6.9M, down 33.5% from $10.4M in Q2 2025, while rental income grew 53.4% to $63.1M. For the six-month period, net income fell 50.0% to $10.5M despite a 51.8% increase in rental income to $120.7M. The decline in profitability was driven by a sharp increase in interest expense (up 374% in Q2) and higher depreciation and amortization, partially offset by strong revenue growth from an expanded real estate portfolio.

· Q2 2026 basic and diluted EPS were $0.06, down from $0.10 in Q2 2025.
· H1 2026 basic and diluted EPS were $0.10, down from $0.20 in H1 2025.
· Total real estate assets, net grew 23.9% to $2.46B at June 30, 2026 from $1.99B at December 31, 2025.
· Senior notes, net increased to $347.3M from $175.1M, reflecting $172M in new unsecured notes issued during H1 2026.
· Dividends payable decreased slightly to $19.6M from $20.9M at year-end 2025.
· Net cash flow provided by operating activities was $68.6M in H1 2026, up 15.2% from $59.5M in H1 2025.
· Net cash flow used for investing activities was $532.5M in H1 2026, up 72.6% from $308.5M in H1 2025, driven by $514.2M in real estate acquisitions.
· Net cash flow provided by financing activities was $329.1M in H1 2026, compared to $52.4M in H1 2025, primarily from a $199.8M common stock offering and $172M in unsecured notes.
· Accumulated distributions in excess of net income worsened to $(72.1M) from $(46.1M) at year-end 2025.
· Non-controlling interests increased to $6.2M from $4.3M at December 31, 2025.

Hayward Holdings, Inc. 10-Q mixed materiality 8/10

29-07-2026

Hayward Holdings reported Q2 2026 net sales of $318.4M, up 6.3% YoY from $299.6M, and net income of $45.6M, up 1.8% YoY from $44.8M. For the first half of 2026, net sales rose 8.5% to $573.6M and net income increased 16.6% to $69.0M. However, operating cash flow declined 8.9% to $171.6M in H1 2026, and the company spent $64.3M on share repurchases, reducing outstanding shares by 3.3M during the quarter.

· Gross profit margin improved to 48.7% in Q2 2026 from 49.2% in Q2 2025, and to 47.7% in H1 2026 from 47.8% in H1 2025.
· Selling, general and administrative expense increased 4.5% YoY in Q2 2026 to $64.3M.
· Research, development and engineering expense rose 25.2% YoY in Q2 2026 to $7.7M.
· Interest expense, net increased 24.4% YoY in Q2 2026 to $17.0M.
· The company recorded a loss on debt extinguishment of $1.8M in Q2 2026 and $2.0M in H1 2026, compared to nil in the prior year periods.
· Accounts receivable decreased 43.4% from $280.2M at year-end 2025 to $158.5M at June 27, 2026, while inventories increased 11.4% to $234.7M.
· Accrued expenses and other liabilities fell 23.9% from $224.2M to $170.7M, primarily due to decreases in selling/promotional accruals and insurance reserves.
· Total debt (current + long-term) was $956.4M as of June 27, 2026, up slightly from $956.8M at year-end 2025.
· Cash paid for interest in H1 2026 was $32.9M, up 30.6% from $25.2M in H1 2025.
· Cash paid for income taxes in H1 2026 was $21.9M, more than double the $9.6M paid in H1 2025.

Garrett Motion Inc. 10-Q positive materiality 8/10

29-07-2026

Garrett Motion Inc. reported strong financial results for Q2 and H1 2026, with net sales increasing 6.9% to $976M in Q2 and 9.5% to $1,961M in H1, driven by higher volumes and favorable mix. Net income rose 16.1% to $101M in Q2 and 31.5% to $196M in H1, while diluted EPS grew to $0.53 and $1.02 respectively. However, operating cash flow declined to $243M in H1 from $214M, and the company continued aggressive share repurchases ($115M in H1) and debt reduction, while total deficit improved to ($675M) from ($802M) at year-end 2025.

· Gross profit margin improved to 21.7% in Q2 2026 from 19.8% in Q2 2025, and to 20.8% in H1 2026 from 20.1% in H1 2025.
· Selling, general and administrative expenses increased to $63M in Q2 2026 from $59M in Q2 2025, and to $121M in H1 2026 from $118M in H1 2025.
· Interest expense decreased to $24M in Q2 2026 from $25M in Q2 2025, and to $51M in H1 2026 from $54M in H1 2025.
· Tax expense increased to $25M in Q2 2026 from $15M in Q2 2025, and to $48M in H1 2026 from $38M in H1 2025.
· Dividend payments totaled $31M in H1 2026, up from $25M in H1 2025.
· Capital expenditures were $46M in H1 2026, up from $41M in H1 2025.
· Accounts receivable increased to $836M at June 30, 2026 from $703M at December 31, 2025, driving a $137M use of cash in operations.
· Inventory increased to $350M from $339M, a $23M use of cash.
· Accounts payable increased to $1,135M from $1,061M, providing $109M of cash.
· The company's total deficit improved to ($675M) from ($802M) at year-end 2025, driven by net income and other comprehensive income.
· Accumulated other comprehensive loss improved to ($54M) from ($138M) at December 31, 2025.
· The company had $160M in cash, cash equivalents and restricted cash at June 30, 2026, down from $179M at December 31, 2025.

GARMIN LTD 10-Q mixed materiality 8/10

29-07-2026

Garmin reported strong Q2 FY26 results with net sales of $2,022M, up 11.4% YoY, and net income of $542M, up 35.2% YoY. For the first half of FY26, net sales rose 12.7% to $3,776M and net income increased 29.1% to $947M. However, comprehensive income declined 15.4% in Q2 and 11.2% in H1 due to unfavorable foreign currency translation adjustments and lower marketable securities valuations.

· Gross profit margin improved to 62.4% in Q2 FY26 from 58.8% in Q2 FY25.
· Research and development expense increased 9.8% YoY in Q2 to $303,940.
· Selling, general and administrative expenses rose 7.7% YoY in Q2 to $342,574.
· Foreign currency losses narrowed to $2,492 in Q2 FY26 from $23,512 in Q2 FY25.
· Inventories increased 10.9% to $1,966,061 at June 27, 2026 from $1,772,257 at December 27, 2025.
· Accounts receivable decreased 8.0% to $1,153,215 from $1,253,015.
· Total assets grew 3.9% to $11,423,891 from $10,993,669.
· Dividend payable surged to $607,651 from $173,351, reflecting a higher declared dividend.
· Share repurchases totaled $82,218 in H1 FY26, down from $93,940 in H1 FY25.
· Capital expenditures more than doubled to $194,395 in H1 FY26 from $85,738 in H1 FY25.

Verisk Analytics, Inc. 10-Q mixed materiality 8/10

29-07-2026

Verisk Analytics reported Q2 2026 revenue of $806.3M, up 4.4% YoY from $772.6M, and operating income of $363.7M, up 2.7% YoY. However, net income declined 9.8% to $228.6M from $253.3M, driven by a $7.5M investment loss versus a $9.1M gain in the prior year and higher interest expense. The company also significantly increased share repurchases and debt, leading to a negative stockholders' equity of ($1,189.0M) as of June 30, 2026.

· Insurance segment revenue grew 4.4% YoY in Q2 2026, with underwriting up 3.5% and claims up 6.4%.
· Interest expense increased 48.7% YoY in Q2 2026 ($52.8M vs $35.5M), reflecting higher debt levels.
· The company issued $999.0M in long-term debt and drew $750.0M on its revolving credit facility in H1 2026, while repaying $1,515.0M in short-term debt.
· Share repurchases surged to $1,571.9M in H1 2026 from $300.1M in H1 2025, contributing to the negative equity position.
· Total assets declined 27.4% from $6,195.5M at Dec 31, 2025 to $4,495.9M at June 30, 2026, primarily due to cash used for debt repayment and share buybacks.
· Operating cash flow improved 48.6% YoY in Q2 2026 to $366.0M.
· The company adopted ASU 2024-03 (expense disaggregation) effective for the 2027 annual report, and ASU 2025-06 (internal-use software) effective after Dec 15, 2027, neither expected to have a material impact.

uniQure N.V. 10-Q mixed materiality 8/10

29-07-2026

uniQure N.V. reported a net loss of $81.1M for Q2 2026 ($1.22 per share), widening from a $37.7M loss ($0.69 per share) in Q2 2025, driven by higher operating expenses and non-operating losses. Total revenues increased 11% to $5.8M in Q2 2026, while R&D expenses decreased 4% to $34.0M. The company strengthened its balance sheet with a follow-on public offering raising $242.7M, boosting cash and cash equivalents to $413.0M from $80.2M at year-end 2025, though the accumulated deficit grew to $1.46B.

· The company completed a follow-on public offering in H1 2026, raising $242.7M net of issuance costs, compared to $80.5M in H1 2025.
· Cash and cash equivalents surged to $413.0M as of June 30, 2026, from $80.2M at December 31, 2025, a 415% increase.
· The liability from the royalty financing agreement grew to $489.3M as of June 30, 2026, from $473.2M at year-end 2025.
· Accumulated deficit reached $1.46B as of June 30, 2026, up from $1.33B at December 31, 2025.
· Net cash used in operating activities improved to $66.8M in H1 2026 from $84.0M in H1 2025, a 20% reduction.
· SG&A expenses rose 29% in Q2 2026 and 53% in H1 2026, outpacing revenue growth.
· Other non-operating losses totaled $16.0M in Q2 2026 and $12.2M in H1 2026, compared to zero in the prior-year periods.
· Foreign currency losses were $1.7M in Q2 2026 and $4.0M in H1 2026, versus gains of $18.6M and $25.8M in the prior-year periods.
· The company had 69.3M shares outstanding as of June 30, 2026, up from 62.3M at December 31, 2025.
· Total shareholders' equity turned positive at $324.1M as of June 30, 2026, compared to $198.9M at year-end 2025, but was negative $4.0M at June 30, 2025.

Option Care Health, Inc. 10-Q mixed materiality 8/10

29-07-2026

Option Care Health reported Q2 2026 net revenue of $1.442B, up 1.9% YoY from $1.416B, and net income of $53.9M, up 6.7% from $50.5M. However, gross profit margin declined slightly to 18.5% from 19.0%, and operating income for the first half of 2026 fell 2.6% YoY to $157.7M. The company continued aggressive share buybacks, spending $170.5M in H1 2026, which reduced diluted share count by 5.8% and boosted EPS growth to 12.9% (diluted EPS $0.35 vs $0.31). Cash from operations more than doubled to $171.5M, but cash and equivalents fell 16.7% to $193.8M due to heavy buyback and capex spending.

· Commercial payer revenue was essentially flat YoY in Q2 2026 ($1.237B vs $1.232B), while government payer revenue grew 11.0% ($186.4M vs $168.0M).
· Patient revenue increased 17.9% YoY to $19.4M in Q2 2026.
· SG&A expenses declined 3.2% YoY in Q2 2026 to $164.7M, but were flat in H1 2026 at $339.2M.
· Interest expense net decreased 3.0% YoY in Q2 2026 to $14.0M.
· Equity in earnings of joint ventures rose 22.1% YoY in Q2 2026 to $1.7M.
· No business acquisitions occurred in H1 2026, compared to $117.2M in H1 2025.
· Goodwill remained unchanged at $1.607B.
· Referral sources, net decreased 5.9% from $287.3M to $270.4M.
· Accounts receivable increased 8.0% from $473.6M to $511.5M.
· Inventories decreased 15.2% from $471.1M to $399.6M.
· Total assets decreased 2.2% from $3.456B to $3.379B.
· Total stockholders' equity decreased 5.0% from $1.326B to $1.260B, driven by share repurchases.
· The effective tax rate for Q2 2026 was 27.1% vs 26.6% in Q2 2025.

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE 10-Q mixed materiality 8/10

29-07-2026

Fannie Mae reported net income of $3,982M for Q2 2026, up 20% from $3,317M in Q2 2025, driven by higher net interest income and a lower provision for credit losses. Net revenues grew 4.5% to $7,565M, while total non-interest expense declined 11.3% to $2,068M. However, fair value losses swung to a net loss of $76M from a gain of $211M in the prior year, and fee and other income fell 16.3% to $72M.

· Net interest yield improved to 0.70% in Q2 2026 from 0.66% in Q2 2025.
· Single-family provision for credit losses was $226M in Q2 2026, down from $737M in Q2 2025.
· Multifamily provision for credit losses increased to $259M in Q2 2026 from $209M in Q2 2025.
· Total change in expected credit enhancement recoveries was $137M in Q2 2026, up from $56M in Q2 2025.
· Investment gains (losses), net swung to a gain of $53M in Q2 2026 from a loss of $19M in Q2 2025.
· Other gains (losses), net was a loss of $23M in Q2 2026 versus a gain of $192M in Q2 2025.
· Administrative expenses decreased 4.2% to $811M in Q2 2026 from $847M in Q2 2025.
· Legislative assessments were relatively flat at $934M in Q2 2026 versus $939M in Q2 2025.
· Credit enhancement expense declined 9.8% to $361M in Q2 2026 from $400M in Q2 2025.

MGP INGREDIENTS INC 10-Q negative materiality 9/10

29-07-2026

MGP Ingredients reported a net loss of $122.8M for the first half of 2026, compared to net income of $11.4M in the prior year period, driven by a $179.5M goodwill and long-lived asset impairment and a $48.7M contingent consideration payment. While the Branded Spirits segment held relatively steady, Distilling Solutions sales plunged 41% in Q2 and 41% YTD, and total sales declined 14.5% in Q2 and 13.6% YTD. The company also recorded a $2.1M provision for credit loss and saw its equity base shrink from $716.8M to $590.8M.

· Goodwill and other long-lived assets impairment of $179.5M in H1 2026 (none in prior year).
· Provision for credit loss of $2.1M in H1 2026 (none in prior year).
· Contingent consideration liability eliminated from balance sheet (from $110.8M at Dec 2025 to $0 at June 2026) due to payments of $48.7M (operating) and $62.1M (financing).
· Convertible senior notes of $196.3M outstanding at June 30, 2026.
· Long-term debt (excluding current maturities) increased to $166.9M from $49.7M at year-end 2025.
· Cash provided by operations swung from $56.4M inflow in H1 2025 to $40.7M outflow in H1 2026.
· Inventory increased to $408.4M from $382.7M at year-end 2025.
· Retained earnings dropped from $445.7M to $317.7M due to net loss and dividends.
· Noncontrolling interest was eliminated during Q2 2026 (exchange of non-controlling interest).
· Diluted EPS for Q2 2026 was $0.55 vs $0.67 in Q2 2025; H1 2026 diluted EPS was -$5.74 vs $0.53 in H1 2025.

Bandwidth Inc. 10-Q mixed materiality 8/10

29-07-2026

Bandwidth Inc. reported net income of $2.4M for Q2 2026, a significant improvement from a net loss of $4.9M in Q2 2025, driven by a 22.1% revenue increase to $219.9M and a $5.2M gain on debt extinguishment. However, the company still posted an operating loss of $4.6M (wider than the $3.7M loss a year ago), and total comprehensive loss was $87K for the quarter due to negative foreign currency translation. For the first half of 2026, revenue grew 21.0% to $428.7M and net income was $6.5M versus a net loss of $8.7M in the prior year period.

· The company repurchased $20.0M of Class A common stock during H1 2026, resulting in 576,794 treasury shares.
· Convertible senior notes increased from $247.6M (Dec 2025) to $330.8M (Jun 2026) after a $316.3M issuance, partially offset by a $216.2M debt extinguishment.
· Accumulated other comprehensive loss worsened from -$1.6M to -$14.9M, driven by foreign currency translation losses of $13.3M in H1 2026.
· Cash and cash equivalents rose 65.3% from $102.8M to $169.9M during H1 2026.
· Operating cash flow improved 31.1% to $37.5M in H1 2026 from $28.6M in H1 2025.
· Diluted EPS remained negative at -$0.07 for Q2 2026 and -$0.15 for H1 2026, despite positive basic EPS, due to the dilutive effect of convertible notes.
· Stock-based compensation was $25.6M in H1 2026, slightly down from $26.1M in H1 2025.

Fortive Corp 10-Q mixed materiality 8/10

29-07-2026

Fortive Corp reported Q2 2026 net earnings from continuing operations of $157.3M, up 41% YoY from $111.6M, driven by 7.9% total sales growth to $1.10B. However, total net earnings including discontinued operations declined 5.6% to $157.3M from $166.6M, and the company continued aggressive share repurchases ($706.5M in H1 2026) which reduced basic shares outstanding by 10.4% YoY. Cash flow from operations improved, but free cash flow was pressured by higher capex and acquisition spending.

· H1 2026 net earnings from continuing operations were $293.7M, up 31% from $224.2M in H1 2025.
· H1 2026 total sales were $2.17B, up 7.8% from $2.01B in H1 2025.
· H1 2026 gross profit margin was 63.3% vs 63.8% in H1 2025, a slight decline.
· H1 2026 operating cash from continuing operations was $519.1M, up 30.8% from $396.8M in H1 2025.
· H1 2026 capital expenditures were $54.7M, up 18.7% from $46.1M in H1 2025.
· H1 2026 cash paid for acquisitions was $58.1M vs $0 in H1 2025.
· H1 2026 common stock repurchases totaled $700.3M, more than double the $337.6M in H1 2025.
· Total debt increased to $3.51B as of July 3, 2026 from $2.31B at December 31, 2025, primarily due to commercial paper borrowings.
· Discontinued operations contributed $0 in net earnings in H1 2026 vs $114.3M in H1 2025, reflecting the completion of the spin-off.
· The company paid $18.4M in dividends in H1 2026, down from $54.2M in H1 2025.

Golden Matrix Group, Inc. 10-Q mixed materiality 8/10

29-07-2026

Golden Matrix Group, Inc. (GMGI) reported a strong turnaround for the quarter and six months ended June 30, 2026, swinging to net income from a net loss in the prior-year periods. Revenue grew 16.1% YoY to $50.2M for the quarter and 16.7% YoY to $100.3M for the six months. However, the company's cash position declined slightly, and foreign exchange losses widened, partially offsetting the operating improvements.

· Net cash provided by operating activities increased to $12,954,795 for H1 FY26 from $10,117,167 in H1 FY25.
· Cash used in investing activities decreased to $4,182,414 in H1 FY26 from $11,903,508 in H1 FY25.
· Cash used in financing activities decreased to $7,932,294 in H1 FY26 from $14,301,175 in H1 FY25.
· Total shareholders' equity declined significantly to $51,244,879 at June 30, 2026 from $124,982,523 at June 30, 2025, primarily due to a large reduction in additional paid-in capital and accumulated other comprehensive loss.
· The company had a foreign currency translation adjustment loss of $1,373,424 in H1 FY26 versus a gain of $5,569,578 in H1 FY25.
· Non-cash stock-based compensation decreased to $150,765 in H1 FY26 from $2,456,639 in H1 FY25.
· Amortization of intangible assets decreased to $2,556,674 in H1 FY26 from $4,618,020 in H1 FY25.
· Depreciation expense was relatively flat at $2,621,005 in H1 FY26 vs $2,780,271 in H1 FY25.
· Interest paid decreased to $502,572 in H1 FY26 from $987,109 in H1 FY25.
· Taxes paid decreased to $1,509,424 in H1 FY26 from $1,928,731 in H1 FY25.
· The company had no debt conversion, no acquisition of minority interest, and no shares issued for settlement of True-up liability in H1 FY26, compared to significant non-cash financing activities in H1 FY25.

Chefs' Warehouse, Inc. 10-Q mixed materiality 8/10

29-07-2026

Chefs' Warehouse reported strong Q2 FY26 results with net sales of $1.17B for the thirteen weeks ended June 26, 2026, up 12.9% YoY from $1.03B, and net income of $33.8M versus $21.2M in the prior year period. For the first half of fiscal 2026, net sales rose 12.2% to $2.23B and net income increased 62.2% to $51.1M. However, the Dairy and Eggs segment declined 12.1% YoY in Q2 and 14.0% in the first half, while the company's foreign currency translation adjustment turned negative, reflecting a $0.7M loss versus a $1.0M gain in the prior year period.

· Total assets decreased slightly from $2.03B at Dec 2025 to $2.03B at Jun 2026, a decline of $1.8M.
· Total liabilities decreased 3.2% from $1.42B to $1.38B during the same period.
· The company repurchased $10.0M of common stock in H1 FY26, retiring 156,861 shares in Q1 and 159,982 shares in Q2.
· Net cash provided by operating activities increased 50.9% to $96.7M in H1 FY26 from $64.1M in H1 FY25.
· Capital expenditures decreased 24.2% to $16.9M in H1 FY26 from $22.3M in H1 FY25.
· The company had $135.5M in cash and cash equivalents as of Jun 26, 2026, up from $121.0M at Dec 2025.
· Foreign currency translation adjustment was a loss of $0.7M in H1 FY26 versus a gain of $1.0M in H1 FY25.
· Diluted weighted average shares outstanding were essentially flat YoY at 46.0M for both Q2 and H1 periods.

V F CORP 10-Q mixed materiality 8/10

29-07-2026

V F Corp reported a net loss of $97.2M for the June 2026 quarter, improving from a $116.4M loss in the prior year period. Revenue declined 5.2% to $1.67B from $1.76B, driven by weakness across segments. Operating loss narrowed slightly to $83.1M from $86.6M, while cash used in operations improved to $62.5M from $145.5M. However, inventories surged 38.5% sequentially to $1.90B, and the company's accumulated deficit deepened to $1.04B.

· Outdoor segment revenue was $857.0M, Active segment $667.3M, All Other $145.1M for June 2026 quarter.
· Wholesale channel revenue $924.8M, Direct-to-consumer $738.4M, Royalty $6.2M.
· Americas revenue $895.5M, Europe $511.1M, Asia-Pacific $262.7M.
· Cash used by operating activities improved to $62.5M from $145.5M YoY.
· Cash dividends paid remained stable at $35.4M vs $35.2M YoY.
· Total assets decreased to $9.46B from $10.15B YoY.
· Long-term debt reduced to $3.00B from $3.56B YoY.
· Accumulated other comprehensive loss improved to $(777.5)M from $(1.04)B YoY.

SLB LIMITED/NV 10-Q mixed materiality 8/10

29-07-2026

SLB reported Q2 2026 revenue of $8,972M, up 5.0% YoY from $8,546M, driven by strong product sales growth of 17.2% to $3,772M. However, services revenue declined 2.4% to $5,200M, and net income attributable to SLB fell 22.5% to $786M from $1,014M in Q2 2025, reflecting higher costs and merger & integration expenses. For the six-month period, revenue grew 3.9% to $17,693M, but net income attributable to SLB decreased 15.1% to $1,538M.

· Restructuring & other charges were $0 in Q2 2026 vs $135M in Q2 2025, and $0 vs $293M for H1 2026 vs H1 2025.
· Merger & integration expenses increased to $69M in Q2 2026 from $35M in Q2 2025, and to $110M from $84M for H1.
· Interest & other income fell sharply to $76M in Q2 2026 from $252M in Q2 2025, a decline of 69.8%.
· Capital expenditures rose to $802M in H1 2026 from $769M in H1 2025.
· Business acquisitions and investments, net of cash acquired, totaled $236M in H1 2026 vs $47M in H1 2025.
· Long-term debt increased to $11,140M as of June 30, 2026 from $9,742M at December 31, 2025.
· Dividend per share declared increased to $0.59 in H1 2026 from $0.57 in H1 2025.
· Total equity decreased slightly to $27,254M from $27,291M at year-end 2025.

CONSTELLIUM SE 10-Q positive materiality 8/10

29-07-2026

Constellium SE reported strong financial results for the three and six months ended June 30, 2026, with revenue increasing 30.7% YoY to $2,748M in Q2 and 27.6% YoY to $5,209M in H1. Net income surged to $148M in Q2 (vs. $36M in Q2 2025) and $344M in H1 (vs. $74M in H1 2025), driven by broad-based segment growth. However, operating cash flow turned negative in working capital due to significant inventory and receivable build-up, and the company continued share repurchases ($48M in H1 2026).

· Operating cash flow was $161M in Q2 2026 vs. $114M in Q2 2025, but working capital consumed $219M in Q2 2026 (inventories -$216M, trade receivables -$169M, trade payables +$154M).
· Capital expenditures were $77M in Q2 2026 (flat YoY) and $149M in H1 2026 (vs. $146M in H1 2025).
· Share repurchases totaled $20M in Q2 2026 and $48M in H1 2026, compared to $35M and $50M in the prior-year periods.
· Total assets increased to $6,070M at June 30, 2026 from $5,354M at December 31, 2025, driven by a $470M increase in inventories and a $444M increase in trade receivables.
· Total liabilities rose to $4,816M from $4,383M, with current liabilities increasing $492M primarily due to higher trade payables and derivative liabilities.
· The company had a net cash position from operating activities of $234M in H1 2026, up from $172M in H1 2025.

Axalta Coating Systems Ltd. 10-Q mixed materiality 7/10

29-07-2026

Axalta Coating Systems reported Q2 2026 net sales of $1,346M, up 3.1% YoY from $1,305M, and net income attributable to common shareholders of $89M, down 18.3% from $109M in Q2 2025. For the first half of 2026, net sales were essentially flat at $2,600M versus $2,567M, while net income fell 13.9% to $179M from $208M. Operating income declined 13.5% in Q2 and 15.2% in H1, driven by higher other operating charges and cost of goods sold, though the company generated stronger operating cash flow of $220M in H1 2026 versus $168M in the prior year.

· Other operating charges increased to $42M in Q2 2026 from $12M in Q2 2025, and to $68M in H1 2026 from $26M in H1 2025.
· Interest expense, net, declined to $37M in Q2 2026 from $45M in Q2 2025, and to $75M in H1 2026 from $89M in H1 2025.
· Total borrowings (current + long-term) increased to $3,068M at June 30, 2026 from $3,199M at December 31, 2025, but the current portion surged to $519M from $20M.
· Goodwill decreased to $1,767M at June 30, 2026 from $1,795M at December 31, 2025, primarily due to foreign currency translation.
· The company did not repurchase any common stock in H1 2026, compared to $65M in purchases in H1 2025.
· Cash used for financing activities was $143M in H1 2026 versus $78M in H1 2025, driven by $135M in payments on long-term borrowings.
· Accounts receivable increased $109M in H1 2026, more than double the $47M increase in H1 2025.
· Accounts payable increased $139M in H1 2026, versus $65M in H1 2025.

CORNING INC /NY 10-Q mixed materiality 9/10

29-07-2026

Corning Incorporated reported strong financial results for Q2 and H1 2026, with net sales of $4,505M in Q2 2026 (up 16.6% YoY) and $8,649M in H1 2026 (up 18.3% YoY). Net income attributable to Corning rose to $559M in Q2 (up 19.2% YoY) and $930M in H1 (up 48.6% YoY), driven by robust growth in Optical Communications and Polycrystalline Silicon & Solar products. However, the Electronics Glass & Advanced Optics segment saw a slight decline, and the company reported a significant other comprehensive loss of $216M in H1 2026 versus a gain of $609M in the prior year, primarily due to foreign currency translation adjustments.

· Diluted EPS was $0.64 for Q2 2026 (up from $0.54 in Q2 2025) and $1.06 for H1 2026 (up from $0.72 in H1 2025).
· Gross margin increased to $1,628M in Q2 2026 (up 16.9% YoY) and $3,156M in H1 2026 (up 21.1% YoY).
· Operating income rose to $698M in Q2 2026 (up 21.8% YoY) and $1,337M in H1 2026 (up 31.3% YoY).
· Cash and cash equivalents increased significantly to $2,504M as of June 30, 2026, from $1,526M at December 31, 2025.
· Total debt (current portion of long-term debt and short-term borrowings plus long-term debt) was $8,424M as of June 30, 2026, compared to $8,434M at December 31, 2025.
· The company issued warrants generating $500M in proceeds during H1 2026.
· Capital expenditures increased to $754M in H1 2026 from $516M in H1 2025.
· Inventories increased to $3,426M as of June 30, 2026, from $3,077M at December 31, 2025.
· The company paid dividends of $0.28 per share in Q1 2026 and $0.56 per share in Q2 2026.
· Other comprehensive loss was $216M in H1 2026, primarily due to foreign currency translation adjustments of -$185M.
· The effective tax rate for H1 2026 was 13.7% (provision of $161M on pre-tax income of $1,178M), compared to 16.9% in H1 2025.

WASTE MANAGEMENT INC 10-Q mixed materiality 8/10

29-07-2026

Waste Management Inc. reported Q2 2026 operating revenues of $6,684M, up 3.9% from $6,430M in Q2 2025, and net income attributable to WM of $785M versus $726M in the prior year, an 8.1% increase. For the first half of 2026, revenues rose 3.7% to $12,911M and net income grew 10.6% to $1,508M. However, the company's Healthcare Solutions segment saw a slight revenue decline of 1.2% in Q2 (to $638M from $646M) and reported a loss from operations of $2M versus a $23M loss in the prior year. Cash flow from operations improved to $3,227M in H1 2026 from $2,753M in H1 2025, while capital expenditures decreased to $1,280M from $1,563M.

· Q2 2026 dividend declared was $0.945 per share, up from $0.825 per share in Q2 2025.
· H1 2026 common stock repurchases totaled $1,003M, compared to zero in H1 2025.
· Total debt increased to $23,356M at June 30, 2026 from $22,907M at December 31, 2025.
· Weighted average basic shares outstanding declined to 401.5M in Q2 2026 from 402.6M in Q2 2025.
· Goodwill increased to $14,001M from $13,880M at year-end 2025.
· Accounts receivable net increased to $3,495M from $3,435M at year-end 2025.
· Current portion of long-term debt rose to $1,075M from $711M at year-end 2025.
· Accumulated other comprehensive loss worsened to $(71)M from $(10)M at year-end 2025.
· H1 2026 acquisitions of businesses totaled $85M, down from $366M in H1 2025.
· H1 2026 proceeds from divestitures were $77M versus $103M in H1 2025.
· Q2 2026 East Tier segment income from operations was $784M (up from $721M), West Tier $761M (up from $757M).
· Q2 2026 Renewable Energy income from operations was $47M (up from $38M).
· Q2 2026 Recycling Processing and Sales income from operations was $36M (up from $24M).
· Q2 2026 Corporate and Other segment loss from operations was $(382)M versus $(349)M in Q2 2025.
· Weighted average interest rate on commercial paper was 3.95% at June 30, 2026, down from 4.05% at December 31, 2025.
· Senior notes weighted average interest rate was 4.27% at June 30, 2026, down from 4.28% at December 31, 2025.

VALUE LINE INC 10-K mixed materiality 8/10

29-07-2026

Value Line Inc. reported net income of $21.6M for fiscal 2026, up 4.6% YoY, driven by higher non-voting revenues and profits interests from EAM Trust (+3.6% to $18.97M) and a 98.5% surge in investment gains to $6.4M. However, total operating revenues declined 4.7% to $33.4M, with print periodicals (-3.8%), digital periodicals (-3.1%), and copyright fees (-7.8%) all falling. Assets under management dropped 20.4% to $3.72B, primarily due to a 19.7% decline in equity fund assets and the complete liquidation of fixed income fund assets (ending at $0).

· Earnings per share rose 4.8% to $2.30 in FY2026 from $2.20 in FY2025.
· Income from operations declined 32.6% YoY to $4.0M, while operating expenses increased 1.1% to $29.4M.
· Unearned subscription revenue fell 5.6% to $21.0M as of April 30, 2026.
· Equity fund redemptions/outflows surged 86.5% to $1.91B, far exceeding sales/inflows of $661.7M.
· Fixed income fund assets were fully liquidated, ending at $0, with redemptions/outflows of $33.1M (up 680.1% YoY).
· Non-voting profits interest from EAM Trust grew 8.8% to $2.3M, while non-voting revenues interest rose 2.9% to $16.6M.
· Renewal sales accounted for 85.7% of print and 89.8% of digital gross sales in FY2026, indicating high customer retention but low new sales growth.

COCA COLA CO 10-Q positive materiality 9/10

29-07-2026

Coca-Cola reported strong financial results for Q2 and H1 2026, with net operating revenues increasing 6.7% to $13,380M in Q2 and 9.2% to $25,852M in H1. Net income attributable to shareowners rose 16.1% to $4,425M in Q2 and 16.9% to $8,349M in H1. However, operating cash flow surged to $7,543M from a use of $1,391M in the prior year period, while financing activities swung to a net use of $6,535M from a net source of $52M, reflecting higher dividend payments and debt repayments.

· Total assets increased to $107,922M as of July 3, 2026 from $104,816M at December 31, 2025.
· Total equity rose to $38,315M from $34,275M over the same period.
· Long-term debt decreased to $37,001M from $42,119M, while current maturities of long-term debt increased to $6,494M from $1,822M.
· Net foreign currency translation adjustments contributed $399M to OCI in Q2 and $357M in H1 2026.
· The company repurchased $663M of treasury stock in H1 2026, up from $472M in H1 2025.
· Interest expense decreased 17.1% in Q2 and 10.6% in H1 year-over-year.

HUMANA INC 10-Q mixed materiality 9/10

29-07-2026

Humana reported strong Q2 2026 results with total revenues of $40.9B for the quarter, up 26.2% YoY, and net income attributable to Humana of $694M, up 27.3% YoY. For the six-month period, revenues rose 24.8% to $80.5B while net income grew 5.1% to $1.88B. However, the company experienced a decline in net investment income (down 7.0% for Q2 and 3.9% for the six months) and other comprehensive loss of $20M in Q2 vs. income of $85M in the prior year, reflecting unrealized investment losses. Operating cash flow improved significantly to $3.22B for the six months from $1.60B a year ago.

· Total assets increased to $57.2B at June 30, 2026 from $48.9B at December 31, 2025.
· Total equity rose to $19.3B from $17.7B over the same period.
· Short-term debt was $2.3B at June 30, 2026 vs. $0 at year-end 2025.
· Long-term debt decreased slightly to $12.0B from $12.4B.
· Benefits expense ratio (benefits as % of premiums) was 91.1% for Q2 2026 vs. 89.8% for Q2 2025.
· Operating costs increased 12.2% YoY in Q2 2026.
· The company repurchased $108M of common stock in H1 2026 vs. $109M in H1 2025.
· Dividends paid were $214M in both H1 2026 and H1 2025.
· Acquisitions, net of cash acquired, totaled $930M in H1 2026 vs. $1M in H1 2025.
· Other comprehensive loss was $118M for H1 2026 vs. income of $284M for H1 2025, driven by unrealized investment losses.

Orion Group Holdings Inc 10-Q mixed materiality 8/10

29-07-2026

Orion Group Holdings reported mixed Q2 2026 results: total revenue grew 8.1% YoY to $221.9M, driven by a 30.1% surge in the Concrete segment (led by Light commercial), while the Marine segment declined 3.3%. However, the company swung to a net loss of $4.1M in Q2 2026 from a net profit of $0.8M in Q2 2025, and operating income turned negative at -$1.3M versus +$3.4M a year ago. The balance sheet expanded significantly due to a $42.9M acquisition (net of cash acquired), adding $35.1M of goodwill and $7.7M of intangible assets, while long-term debt jumped from $6.1M to $93.0M.

· Cash used in operations was $12.7M in H1 2026 vs $9.0M in H1 2025, a 41% increase in cash burn.
· Capital expenditures rose to $20.1M in H1 2026 from $16.2M in H1 2025.
· The company borrowed $121.0M and repaid $85.0M on credit facilities during H1 2026, and took a $42.0M term loan.
· Federal government revenue declined to 16% of total in H1 2026 from 21% in H1 2025; private companies increased to 53% from 42%.
· Local government revenue fell 20.4% YoY in Q2 2026 ($34.3M vs $43.1M).
· SG&A expenses increased 7.1% YoY in Q2 2026, outpacing revenue growth.
· Interest expense decreased 14.2% YoY in Q2 2026 ($2.5M vs $2.9M).
· The company recorded a deferred income tax benefit of $6.1M in H1 2026, contributing to the net income for the six-month period.
· Allowance for credit losses improved (benefit of $77K in H1 2026 vs expense of $544K in H1 2025).

COMMVAULT SYSTEMS INC 10-Q mixed materiality 8/10

29-07-2026

Commvault Systems reported total revenues of $314.1M for Q1 FY27 (June 2026 quarter), up 11.4% YoY from $282.0M, driven by strong subscription growth (+16.5% to $267.0M) led by SaaS revenue surging 38.8% to $100.6M. However, net income declined 10.0% to $21.1M from $23.5M due to a sharp increase in income tax expense ($11.1M vs $3.4M), and the company continued share repurchases ($10.1M in the quarter).

· International revenue grew 14.7% YoY to $127.4M, outpacing Americas growth of 9.3% to $186.8M.
· Gross margin improved to $256.5M (81.7% of revenue) from $231.2M (82.0% of revenue) in the prior year quarter.
· Sales and marketing expenses increased 14.1% YoY to $139.8M, while R&D expenses declined 1.3% to $39.5M.
· Operating cash flow rose 63.1% to $51.7M from $31.7M in the prior year quarter.
· The company repurchased 98,000 shares for $10.1M during the quarter, compared to 82,000 shares for $15.1M in the prior year quarter.
· Weighted average diluted shares outstanding decreased to 41.9M from 45.3M a year ago, reflecting ongoing buyback activity.
· Deferred revenue declined slightly to $764.9M from $778.7M at March 31, 2026.
· The company's accumulated deficit improved to $(1.46B) from $(1.47B) at March 31, 2026.

PRINCIPAL FINANCIAL GROUP INC 10-Q mixed materiality 8/10

29-07-2026

Principal Financial Group reported mixed Q2 2026 results. Net income attributable to PFG was $403.4M for Q2 2026, essentially flat compared to $406.2M in Q2 2025, while diluted EPS improved slightly to $1.84 from $1.79. For the first half of 2026, net income attributable to PFG surged 82% to $828.0M from $454.3M in H1 2025, driven by a sharp swing in net realized capital gains and lower benefits expenses. Total assets grew 3.3% to $352.8B as of June 30, 2026, from $341.4B at year-end 2025, supported by higher separate account assets and investment balances.

· Total investments grew to $113.0B as of June 30, 2026, from $110.9B at December 31, 2025.
· Separate account assets increased to $202.4B from $193.6B at year-end 2025.
· Long-term debt rose to $4.3B from $3.9B, reflecting a $394.9M issuance in H1 2026.
· The company repurchased $492.7M of treasury stock in H1 2026, up from $399.6M in H1 2025.
· Dividends paid to common stockholders increased to $350.0M in H1 2026 from $338.7M in H1 2025.
· Net cash provided by operating activities improved to $2.3B in H1 2026 from $1.8B in H1 2025.
· Premiums and other considerations declined 17.1% in H1 2026 vs H1 2025, partly offset by higher fees and net investment income.
· The company will adopt new accounting guidance for internal-use software in 2028 and disaggregation of income statement expenses in 2027, among other standards.

WABASH NATIONAL Corp 10-Q negative materiality 9/10

29-07-2026

Wabash National reported a net loss attributable to common stockholders of $22.9M for Q2 2026 and $68.1M for H1 2026, compared to a net loss of $9.6M in Q2 2025 and net income of $221.4M in H1 2025. Revenue declined 9.1% in Q2 to $417.2M and 14.2% in H1 to $720.5M, with gross profit falling 63% in Q2 to $15.3M. However, the company generated positive operating cash flow from financing activities, increased cash reserves to $71.5M, and completed the acquisition of Linq Venture Holdings, LLC for $22.1M in goodwill.

· Operating loss widened to $25.3M in Q2 2026 from $4.8M in Q2 2025, and to $77.7M in H1 2026 from income of $309.8M in H1 2025.
· General and administrative expenses in H1 2025 included a large negative adjustment of -$267.7M, which reversed in H1 2026 to $64.5M.
· Net cash used in operating activities was $28.5M in H1 2026 vs $16.1M in H1 2025.
· Capital expenditures decreased to $5.5M in H1 2026 from $14.9M in H1 2025.
· Dividends declared remained flat at $0.08 per share quarterly.
· The company did not repurchase any shares in H1 2026, compared to $26.9M in H1 2025.

GREIF, INC 10-Q mixed materiality 8/10

29-07-2026

Greif, Inc. reported strong Q3 FY2026 results with net income from continuing operations surging to $82.6M from $36.9M in the prior year quarter, driven by higher net sales and a significant gain on asset disposals. However, net income from discontinued operations swung to a loss of $1.0M from a $24.1M gain, and operating cash flow declined sharply to $170.0M for the nine-month period from $286.1M a year ago.

· Gross profit margin improved to 23.4% in Q3 2026 from 22.7% in Q3 2025.
· Selling, general and administrative expenses decreased to $149.5M in Q3 2026 from $168.3M in Q3 2025.
· Restructuring and other charges were $12.1M in Q3 2026 vs $18.0M in Q3 2025.
· Non-cash asset impairment charges fell to $1.4M in Q3 2026 from $7.2M in Q3 2025.
· Interest expense, net decreased to $7.7M in Q3 2026 from $15.8M in Q3 2025.
· The company repurchased $150.1M of shares during the nine months ended June 30, 2026.
· Dividends declared per Class A share increased to $0.62 (Q3 2026) from $0.54 (Q3 2025); Class B to $0.93 from $0.81.
· Total assets decreased slightly to $5,704.2M at June 30, 2026 from $5,766.8M at September 30, 2025.
· Shareholders' equity increased to $3,037.8M from $2,952.4M over the same period.

CINTAS CORP 10-K mixed materiality 8/10

29-07-2026

Cintas Corp reported total revenue of $11.26B for fiscal year 2026, up 8.9% from $10.34B in 2025, driven by growth across all segments. Gross margin improved 60 bps to 50.6%, and operating income rose to $2.60B (23.1% of revenue) from $2.36B (22.8%). However, the 'All Other' segment's operating margin declined from 16.7% to 15.3%, and net cash used in financing activities increased to $1.68B from $1.62B. The company also incurred $0.1% of revenue in UniFirst transaction expenses.

· Debt due within one year increased to $999.0M from $0 in 2025, reflecting $1.0B senior notes maturing in 2027.
· Total debt due after one year decreased to $1.43B from $2.42B, as the 2027 notes were reclassified to current.
· Cash and cash equivalents rose to $289.0M from $264.0M.
· Net cash used in investing activities improved to $568.4M from $623.6M.
· Net cash used in financing activities increased to $1.68B from $1.62B.
· UniFirst transaction expenses of 0.1% of revenue were incurred in 2026.
· First Aid and Safety Services gross margin improved to 57.7% from 57.2%.
· Uniform Rental and Facility Services gross margin improved to 50.0% from 49.3%.
· All Other selling and administrative expenses increased to 32.3% of revenue from 30.6%.

Quad/Graphics, Inc. 10-Q mixed materiality 8/10

29-07-2026

Quad/Graphics reported a return to profitability in Q2 2026 with net earnings of $3.7M versus a net loss of $0.1M in Q2 2025, driven by higher total net sales ($577.5M vs $571.9M) and a sharp reduction in interest expense ($8.9M vs $13.2M). However, total net sales for the first half of 2026 declined 3.6% to $1,158.5M from $1,201.3M in the prior year, and cash and cash equivalents plummeted from $63.3M at year-end 2025 to just $7.4M, with operating cash flow remaining negative at -$40.9M.

· Cash dividends declared of $0.10 per common share in both Q1 and Q2 2026, up from $0.075 per share in the prior year periods.
· Allowances for credit losses increased to $21.5M at June 30, 2026 from $20.9M at December 31, 2025.
· Restructuring, impairment and transaction-related charges increased to $9.7M in Q2 2026 from $9.2M in Q2 2025.
· International segment net sales grew 8.7% to $51.5M in Q2 2026 from $47.4M in Q2 2025.
· Operating income improved to $14.9M in Q2 2026 from $13.7M in Q2 2025, but declined to $32.6M in H1 2026 from $33.3M in H1 2025.

Fortrea Holdings Inc. 10-Q mixed materiality 8/10

29-07-2026

Fortrea Holdings reported a net loss of $13.2M for Q2 2026, a significant improvement from a $374.9M loss in Q2 2025, driven by the absence of $309.1M in goodwill and asset impairments recorded in the prior year. Revenue declined 4.5% YoY to $678.2M, with North America revenue falling 7.1% to $319.7M, while Europe revenue was nearly flat at $219.7M. Operating income turned positive at $14.8M versus a $330.3M loss a year ago, but the company still posted a net loss per share of $0.14.

· Direct costs decreased 6.6% YoY to $539.0M in Q2 2026, from $576.8M in Q2 2025.
· Selling, general and administrative expenses fell 18.2% YoY to $102.1M in Q2 2026.
· Interest expense declined to $19.3M in Q2 2026 from $23.3M in Q2 2025.
· Foreign exchange gain of $3.5M in Q2 2026 vs. a loss of $19.9M in Q2 2025.
· Net cash provided by operating activities was $11.9M in H1 2026, compared to $102.4M used in H1 2025.
· Capital expenditures increased to $17.0M in H1 2026 from $10.4M in H1 2025.
· Accumulated deficit grew to $1,420.0M at June 30, 2026 from $1,383.2M at December 31, 2025.
· Total liabilities increased to $2,190.7M at June 30, 2026 from $2,152.2M at December 31, 2025.

FLOWSERVE CORP 10-Q mixed materiality 8/10

29-07-2026

Flowserve Corp reported Q2 2026 net earnings attributable to the company of $99.0M ($0.77 diluted EPS), up 21.1% from $81.8M ($0.62 diluted EPS) in Q2 2025, driven by a significant increase in net earnings from affiliates ($33.0M vs $5.9M). However, sales declined 1.6% to $1,169.2M from $1,188.1M, and gross profit fell 5.4% to $384.7M. For the first half of 2026, net earnings rose 16.1% to $180.7M, but sales decreased 4.1% to $2,237.4M. The company completed a $517.7M acquisition and issued $499.3M in senior notes during the period.

· Operating income for Q2 2026 was $151.4M, up 3.3% from $146.6M in Q2 2025.
· Operating income for H1 2026 was $270.9M, down 2.7% from $278.5M in H1 2025.
· Selling, general and administrative expense for Q2 2026 was $266.3M, essentially flat vs $265.9M in Q2 2025.
· Selling, general and administrative expense for H1 2026 was $529.7M, up 4.1% from $509.1M in H1 2025.
· Interest expense increased 26.9% to $25.7M in Q2 2026 from $20.3M in Q2 2025.
· Interest expense increased 17.0% to $46.1M in H1 2026 from $39.4M in H1 2025.
· Other expense, net improved to $12.1M in Q2 2026 from $25.0M in Q2 2025.
· Other expense, net improved to $5.1M in H1 2026 from $42.3M in H1 2025.
· Provision for income taxes was $17.1M in Q2 2026 vs $15.6M in Q2 2025.
· Provision for income taxes was $38.2M in H1 2026 vs $33.4M in H1 2025.
· Net cash flows provided by operating activities decreased 17.3% to $86.2M in H1 2026 from $104.2M in H1 2025.
· Capital expenditures increased 19.3% to $33.8M in H1 2026 from $28.3M in H1 2025.
· Goodwill increased to $1,744.9M at June 30, 2026 from $1,392.0M at December 31, 2025, likely due to the acquisition.
· Long-term debt due after one year increased to $2,122.4M at June 30, 2026 from $1,525.2M at December 31, 2025.
· The company repurchased 375,000 common shares for $25.0M in Q2 2026.
· The company repurchased 738,000 common shares for $31.7M in Q2 2025.
· Dividends declared were $0.22 per share in Q2 2026, up from $0.21 per share in Q2 2025.
· Comprehensive income attributable to Flowserve Corporation was $90.1M in Q2 2026, down 53.1% from $192.1M in Q2 2025, primarily due to foreign currency translation losses.
· Comprehensive income attributable to Flowserve Corporation was $148.8M in H1 2026, down 52.6% from $313.9M in H1 2025.

VISTA GOLD CORP 10-Q mixed materiality 7/10

29-07-2026

Vista Gold Corp reported a net loss of $2.957M for Q2 2026 (ending June 30, 2026), widening from a $2.356M loss in Q2 2025, driven by higher exploration and corporate administration costs. The company significantly strengthened its balance sheet through a March 2026 equity financing that raised $44.85M (net $42.006M after costs), boosting cash to $49.536M from $13.622M at year-end 2025. However, operating expenses rose 37.5% year-over-year in Q2, and the accumulated deficit grew to $473.755M.

· Australia segment operating loss widened 42.3% YoY to $2.571M in Q2 2026, driven by a 115% increase in employee compensation ($1.196M vs $0.556M) and a 485% jump in project programs ($0.755M vs $0.129M).
· Corporate administration expense rose 24.8% YoY in Q2 2026 to $0.846M.
· Depreciation and amortization nearly tripled in Q2 2026 to $0.067M from $0.023M in Q2 2025.
· Stock-based compensation was $0.802M in H1 2026, up 67.8% from $0.478M in H1 2025.
· Net cash used in operating activities was $4.721M in H1 2026, compared to $4.115M in H1 2025.
· Capital expenditures on plant and equipment increased to $0.323M in H1 2026 from $0.050M in H1 2025.
· No revenue was generated in either period; the company remains a pre-revenue exploration stage entity.

EQUINIX INC 10-Q materiality 6/10

29-07-2026

MediaAlpha, Inc. 10-Q mixed materiality 8/10

29-07-2026

MediaAlpha, Inc. reported a strong turnaround for Q2 2026, with net income of $39.4M compared to a net loss of $18.7M in Q2 2025, driven by a 26% revenue increase to $316.9M. However, cash and cash equivalents declined sharply from $46.9M at year-end 2025 to $23.7M, and the company continued to reduce its share count through repurchases, while customer concentration increased notably.

· Revenue concentration increased: 3 customers accounted for 57% of Q2 2026 revenue (vs 2 customers at 50% in Q2 2025).
· Accounts receivable concentration also rose: 4 customers represented 68% of receivables at June 30, 2026 (vs 3 customers at 49% at Dec 31, 2025).
· The company repurchased approximately 4.3 million Class A shares in H1 2026 for $40.9M.
· A $37.7M gain on repurchase of interests in the tax receivables agreement boosted other income.
· Long-term debt increased to $169.5M from $131.6M, while current portion of debt decreased to $7.2M from $21.8M.
· Operating cash flow declined to $41.0M in H1 2026 from $49.4M in H1 2025, primarily due to working capital changes.
· Equity-based compensation was $15.7M in H1 2026, roughly flat vs $15.1M in H1 2025.

FAIR ISAAC CORP 10-Q materiality 6/10

29-07-2026

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