Executive Summary
The 13 filings reveal a bifurcated market: established industrial and tech companies (OSI Systems, Sysco, Ubiquiti, Parker-Hannifin) show moderate revenue growth (3-27% YoY) but face margin compression and rising costs, while a cluster of micro-cap and SPAC entities (Game Your Game, Bubblr, GridAI, Freedom Metals, FG Merger II) are in severe financial distress with collapsing revenues, widening deficits, and cash depletion.
The banking sector (Kearny Financial) shows strong earnings growth (+39% YoY) but rising non-performing assets signal credit risk. Key themes include: 1) margin pressure from restructuring and impairment charges (OSI, GridAI), 2) a wave of cash-burning pre-revenue companies with negative sentiment, and 3) capital allocation diverging between buybacks/dividends (Ubiquiti, OSI) and debt-fueled survival (La Rosa). Insider trading data was sparse, but forward-looking statements from OSI and Parker-Hannifin suggest cautious optimism on organic growth. The most actionable signals are Ubiquiti's margin expansion and Kearny's earnings beat, while the highest risks are concentrated in the micro-cap cohort where cash runs are measured in months.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: 10-K · 10-Q
Tracking the trend? Catch up on the prior US Earnings Financial Results SEC Filings digest from August 20, 2026.
Investment Signals (12)
- Ubiquiti Inc. ↓ (BULLISH)▲
Revenue grew 27.2% YoY to $3.27B, gross margin expanded 300 bps to 46%, operating margin improved from 32% to 36%, and net income rose 34.9%. Dividend increased 33% to $0.80/share.
- Kearny Financial Corp. ↓ (BULLISH)▲
Net income up 39.1% YoY to $36.3M, net interest income +15.1% to $155.3M, non-interest income +19.8%. EPS improved to $0.58 from $0.42.
- Parker-Hannifin Corp ↓ (BULLISH)▲
Net sales up 8.3% YoY to $21.5B with 3.4% organic growth, net income +3.3% to $3.65B. Equity method investments income increased 22.5% to $218M.
- Sysco Corp ↓ (BULLISH)▲
Sales grew 3.9% YoY to $84.6B, International segment grew 7.6% and SYGMA operating income rose 16%, showing diversification strength.
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Revenue up 4.2% YoY to $1.79B, Security segment +4.3%, Optoelectronics +7.7%. Debt doubled to $998.5M but bank lines fully repaid, share count reduced 5.2% via buybacks. [NEUTRAL/BULLISH]
- SunPower Inc. ↓ (NEUTRAL)▲
Net income swing of $34.2M YoY to $6.9M profit, gross margin improved 950 bps to 45.5% despite 17% revenue decline.
- Integrated Wellness Acquisition Corp ↓ (BEARISH)▲
Net loss widened 903% YoY to $1.0M, operating expenses down 29.6% but interest income collapsed 77%. Zero cash on hand.
- FG Merger II Corp ↓ (BEARISH)▲
Net loss of $13.6M vs $0.9M profit YoY, driven by $8.6M forward purchase liability loss. Cash fell 82% to $86,887.
- La Rosa Holdings Corp ↓ (BEARISH)▲
Revenue fell 25.6% YoY to $15.05M, net loss of $2.16M vs $78.5M profit (prior year had non-cash gains). Debt raised $9.9M, stock issuance $4.78M.
- GridAI Technologies Corp ↓ (BEARISH)▲
First revenue of $85,876 but net loss exploded to $13.0M from $1.0M, driven by $10.1M goodwill impairment. Cash only $1.4M.
- Game Your Game Inc. ↓ (BEARISH)▲
Revenue collapsed 91% YoY to $1.4M, net loss $3.33M vs $1,809 profit. G&A expenses surged 2,314%. Cash only $15,991.
- Bubblr Inc. ↓ (BEARISH)▲
Revenue collapsed 95.4% to $33 for the quarter, net loss up 18.4% to $440,561. Cash only $335, burn rate accelerated 182%.
Risk Flags (10)
- OSI Systems/Margin Compression↓ [HIGH RISK]▼
Gross margin contracted 110 bps to 33.2%, impairment/restructuring charges surged 213.2% to $16.6M, net income dropped 9.7%. Debt-to-equity likely worsened with debt doubling to $998.5M.
- Sysco Corp/Operating Margin Decline↓ [MEDIUM RISK]▼
Operating margin slipped to 3.7% from 3.8%, net earnings declined 3.9%, Global Support Center loss deepened 15.7% to $1.01B. Interest expense rose 12%.
- Kearny Financial/Credit Quality↓ [MEDIUM RISK]▼
Non-performing assets increased 17.1% to $53.4M, allowance for credit losses to non-performing loans declined to 95% from 101%, signaling potential future charge-offs.
- GridAI Technologies/Cash Burn↓ [HIGH RISK]▼
Cash burn rate unsustainable: $16.5M net loss in H1 2026 vs $2.3M, cash only $1.4M, total assets down 24%. Goodwill impairment suggests prior acquisitions overvalued.
- Game Your Game Inc./Liquidity Crisis↓ [CRITICAL RISK]▼
Cash of $15,991 against $3.16M deficit, revenue down 91%, G&A up 2,314%. Convertible note and warrants suggest dilution risk. Likely going concern.
- Bubblr Inc./Near-Zero Revenue↓ [CRITICAL RISK]▼
Revenue of $33 for the quarter, cash $335, deficit $3.46M, operating cash burn up 182%. No path to viability visible.
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No revenue, $9,121 cash, $314,857 liabilities, shareholder deficit $34,501. Underwriters forfeited over-allotment, sponsor surrendered shares.
- FG Merger II Corp./Accumulated Deficit↓ [HIGH RISK]▼
Swing from $0.4M retained earnings surplus to $14.2M deficit, cash down 82%, operating cash flow negative $400K.
- La Rosa Holdings Corp./Leverage Risk↓ [MEDIUM RISK]▼
Total liabilities more than doubled to $28.8M, stockholders' deficit worsened to $7.78M, debt raised $9.9M. Noncontrolling interest fell 83% indicating subsidiary sales.
- Integrated Wellness Acquisition Corp./Cashless↓ [HIGH RISK]▼
Zero cash on hand, current liabilities up 27%, accounts payable up 130%. Promissory notes growing.
Opportunities (8)
- Ubiquiti Inc./Margin Expansion↓ (OPPORTUNITY)◆
Gross margin up 300 bps to 46%, operating margin up 400 bps to 36%, R&D spending up 20.3% signaling innovation investment. Dividend increase shows confidence.
- Kearny Financial Corp./Earnings Momentum↓ (OPPORTUNITY)◆
Net income up 39.1% YoY, NIM expansion, EPS growth 38%. If credit quality stabilizes, valuation re-rating possible.
- Parker-Hannifin/Organic Growth↓ (OPPORTUNITY)◆
3.4% organic growth on top of 8.3% total sales growth, equity method income up 22.5%. Diversified industrial exposure with pricing power.
- Sysco Corp/International Growth↓ (OPPORTUNITY)◆
International segment grew 7.6% and now 19% of sales (vs 18.3%), SYGMA operating income up 16%. Non-US expansion driving diversification.
- OSI Systems/Buyback Signal↓ (OPPORTUNITY)◆
Share count reduced 5.2% (from 16.79M to 15.92M), bank lines fully repaid. If margin recovers, EPS could inflect sharply.
- SunPower Inc./Gross Margin Recovery↓ (OPPORTUNITY)◆
Gross margin improved 950 bps to 45.5% despite revenue decline, suggesting cost restructuring success. Operating loss still high but turnaround potential if revenue stabilizes.
- Ubiquiti Inc./Dividend Growth↓ (OPPORTUNITY)◆
Quarterly dividend raised 33% to $0.80/share, signaling strong free cash flow generation and shareholder return commitment.
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Non-service retirement benefit costs increased to $64M from $51M, but manageable relative to $3.65B net income.
Sector Themes (6)
- Industrial/Tech Revenue Growth with Margin Pressure◆
OSI Systems (+4.2% rev, -110bps margin), Sysco (+3.9% rev, -10bps margin), Parker-Hannifin (+8.3% rev, stable) show that top-line growth is not translating to bottom-line expansion due to rising costs (impairments, interest, SG&A). Investors should favor companies with pricing power (Ubiquiti, Parker).
- Micro-Cap Distress Wave◆
5 of 13 filings (Game Your Game, Bubblr, GridAI, Freedom Metals, FG Merger II) show severe financial distress: revenue collapses (91-95% declines), cash under $100K, widening deficits, and negative sentiment. This cluster suggests a sector-wide cash crunch among pre-revenue or failed SPACs.
- SPAC/Shell Company Underperformance◆
Freedom Metals, FG Merger II, and Integrated Wellness are all SPACs or shells with no revenue, negative earnings, and cash depletion. The pattern of sponsor share surrenders and over-allotment forfeitures (Freedom Metals) indicates market rejection of blank-check vehicles.
- Dividend vs. Survival Capital Allocation◆
Ubiquiti raised dividends 33%, OSI bought back 5.2% of shares, while La Rosa raised $9.9M in debt and GridAI burned cash. This divergence highlights which companies have sustainable cash flows vs. those in survival mode.
- Banking Sector Strength with Credit Warning◆
Kearny Financial's 39% earnings growth contrasts with 17% rise in non-performing assets and declining coverage ratio. This mirrors broader banking trends of strong NIM but deteriorating credit quality, warranting monitoring for rate cycle changes.
- Solar/Energy Turnaround Potential◆
SunPower's gross margin recovery (950bps improvement) despite revenue decline suggests operational restructuring may be working. If revenue stabilizes, the operating leverage could drive profitability.
Watch List (8)
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Upcoming earnings call to discuss margin recovery plan and debt management after impairment charges. Watch for further buyback activity given reduced share count.
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Non-performing assets trend and allowance coverage ratio. If NPA growth accelerates, earnings momentum could reverse. Next quarterly report due in 45 days.
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Cash runway estimate: with $1.4M cash and $16.5M H1 loss, liquidity likely <3 months. Watch for going concern disclosure or emergency financing.
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Cash of $15,991 against $3.16M deficit. Immediate risk of bankruptcy or reverse split. Monitor for SEC filing delays or trading halts.
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Revenue of $33 for the quarter and $335 cash. Effectively zero operations. Watch for delisting notice or voluntary dissolution filing.
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Dividend increase to $0.80/quarter sets new baseline. Watch for continued margin expansion and Enterprise segment growth vs. Service Provider decline.
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No revenue, cash $9,121. Sponsor share surrender suggests deal failure. Watch for liquidation or new business combination announcement.
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Cash $86,887, accumulated deficit $14.2M. Forward purchase liability loss of $8.6M indicates complex derivative exposure. Watch for debt restructuring or reverse merger.
Filing Analyses
(13)
21-08-2026
OSI Systems reported total net revenues of $1,786.0M for fiscal year 2026, up 4.2% from $1,713.2M in FY2025, driven by growth in Security (+4.3%) and Optoelectronics/Manufacturing (+7.7%). However, Healthcare revenues declined 3.4% to $162.7M, and gross profit margin contracted from 34.3% to 33.2%. Impairment, restructuring and other charges surged 213.2% to $16.6M, while selling, general and administrative expenses decreased 4.3% to $278.4M. Total operating expenses rose only 1.2%, but net income dropped 9.7% (as retained earnings fell from $942.3M to $852.1M). Long-term debt more than doubled to $998.5M from $463.5M, while cash and equivalents increased to $359.8M.
- · Bank lines of credit were fully repaid, dropping from $178.0M (FY2025) to $0 (FY2026).
- · Accounts receivable declined to $764.6M from $837.7M, while inventories rose slightly to $415.6M.
- · Share count decreased from 16,794,399 shares at June 30, 2025 to 15,918,066 shares at June 30, 2026 (share buyback).
- · Total assets grew 11.7% to $2,502.5M.
- · Goodwill increased to $406.7M from $387.4M.
- · Deferred revenue increased 17.0% to $91.0M.
- · Common stock par value amount dropped from $29,758,000 to $17,000 due to a large share repurchase or retirement.
- · FY2026 gross profit margin of 33.2% is down from 34.5% in FY2024.
- · Impairment/restructuring charges in FY2026 ($16.6M) are the highest in the three-year period.
- · Healthcare segment has declined three consecutive years: $171.4M (FY2024) → $168.4M (FY2025) → $162.7M (FY2026).
21-08-2026
Integrated Wellness Acquisition Corp (WELUF) filed its 10-K annual report for the year ended December 31, 2025, showing a net loss of $1,004,004 compared to a net loss of $100,031 in 2024—a 903% year-over-year increase in losses. Total assets grew 7.7% to $15,312,736, driven by higher cash held in trust ($15,310,131 vs. $14,215,318), but the company remains in a shareholders' deficit of ($13,314,157), which deepened by 17.5%. Operating expenses decreased 29.6% to $1,456,944, but interest earned on trust cash fell sharply by 77.0% to $452,940, contributing to the wider net loss.
- · Cash held in trust account increased 7.7% to $15,310,131, but the company had zero cash on hand as of Dec 31, 2025 (vs. $5,141 in 2024).
- · Total current liabilities rose 27.0% to $9,291,762, driven by a 130.4% jump in accounts payable ($959,007 vs. $416,319) and a 23.2% increase in accrued expenses ($2,395,067 vs. $1,943,887).
- · Promissory note – Suntone grew 33.5% to $3,914,459, while the related party promissory note remained flat at $1,790,000.
- · Deferred underwriting commissions of $4,025,000 remained unchanged from 2024.
- · Basic and diluted net loss per share for non-redeemable Class B shares was ($0.52) in 2025 vs. ($0.51) in 2024, essentially flat.
- · Basic and diluted net income per share for redeemable Class A shares was $0.41 in 2025 vs. $0.33 in 2024, an increase of 24.2%.
- · Weighted average shares outstanding of redeemable Class A shares fell 71.1% from 4,104,151 in 2024 to 1,185,481 in 2025, reflecting redemptions.
21-08-2026
Sysco Corporation filed its 10-K annual report for fiscal year ending June 27, 2026, reporting consolidated sales of $84,553M, up 3.9% from $81,370M in fiscal 2025. Net earnings declined 3.9% to an unspecified dollar amount, and operating income margin contracted slightly to 3.7% from 3.8%, reflecting higher interest expense (+12.9%) and flat operating income growth (+0.2%). While the International Foodservice Operations segment grew sales 7.6% and SYGMA operating income rose 16.0%, the U.S. Foodservice Operations segment saw near-flat operating income (+0.1%) and the 'Other' segment sales declined 0.5%.
- · The 'Other' segment includes non-core sales such as textile/amenity hotel supplies, janitorial products, medical supplies.
- · International Foodservice Operations contributed 19.0% of total sales in FY2026 vs 18.3% in FY2025.
- · Global Support Center operating loss deepened to $1,010M in FY2026 from $873M in FY2025.
- · Interest expense as a percentage of sales rose to 0.9% in FY2026 from 0.8% in FY2025, an increase of 12.9%.
- · U.S. Foodservice Operations operating margin narrowed to 6.0% in FY2026 from 6.2% in FY2025.
- · Adjusted operating income (Non-GAAP) for U.S. Foodservice was $3,657M, up only 0.7% vs 0.1% on a GAAP basis.
- · Basic and diluted EPS both declined 1.9% in FY2026.
- · The company has an Interim CFO (Brandon E. Sewell) appointed in 2026.
21-08-2026
Ubiquiti Inc. reported strong financial results for the fiscal year ended June 30, 2026, with total revenues increasing 27.2% to $3.274 billion from $2.574 billion in the prior year. Net income rose 34.9% to $960.3 million, driven by a 3 percentage point expansion in gross margin to 46% and improved operating leverage. However, the Service Provider Technology segment declined 5.4% year-over-year to $301.9 million, contrasting with the 31.8% growth in the Enterprise Technology segment. The company also increased its quarterly cash dividend from $0.60 to $0.80 per share, reflecting strong cash generation.
- · Gross profit increased to $1.511 billion (46% of revenue) from $1.117 billion (43%) in FY 2025.
- · Operating expenses rose to $325.9 million (10% of revenue) from $281.2 million (11%), with R&D up 20.3% to $204.2 million.
- · Income from operations grew 41.8% to $1.185 billion, with operating margin improving from 32% to 36%.
- · Interest expense and other, net decreased sharply from $30.6 million to $2.4 million.
- · Provision for income taxes increased to $222.8 million (18.8% effective rate) from $93.7 million (11.6% effective rate) in FY 2025.
- · North America revenue grew 34.6% to $1.744 billion, representing 53% of total revenue (up from 50%).
- · Europe, the Middle East and Africa revenue grew 18.0% to $1.179 billion, but its share of total revenue declined from 39% to 36%.
- · Asia Pacific revenue increased 30.4% to $220.2 million, and South America revenue increased 19.1% to $130.8 million.
- · Net cash used in financing activities was $446.8 million, down from $604.1 million in FY 2025, reflecting lower share repurchases or debt repayments.
- · The company increased its quarterly dividend by 33.3% from $0.60 to $0.80 per share during FY 2026.
21-08-2026
La Rosa Holdings Corp. (LRHC) filed its 10-Q for the quarter ended June 30, 2026, reporting a net loss of $2.16 million in Q2 2026 versus net income of $78.5 million in Q2 2025, which included large non-cash gains. Revenue fell 25.6% year-over-year to $15.05 million, though gross profit margin improved to 11.5% from 9.2%. The company raised $9.9 million in debt and $4.78 million from common stock issuance, but its accumulated deficit widened to $72.7 million and total liabilities more than doubled to $28.8 million.
- · Q2 2026 gross profit declined 6.5% YoY to $1.73M, but gross margin improved to 11.5% from 9.2% as cost of revenue fell faster than revenue.
- · Total stockholders' deficit worsened to $7.78M at June 30, 2026 from $1.85M at December 31, 2025.
- · Noncontrolling interest in subsidiaries fell 83.0% to $718,989, reflecting the purchase and sale of controlling interests in subsidiaries.
- · Operating expenses fell 21.2% YoY in Q2 2026 to $3.40M, driven by lower stock-based compensation ($72,885 vs $507,457) and lower sales and marketing costs.
- · The company recorded a $10.49M loss on issuance of senior secured convertible note in H1 2026, and a $535,902 loss from change in fair value of convertible note and warrants.
- · Cash used in investing activities was $10.72M in H1 2026, primarily for purchase of digital assets ($10.81M), partially offset by $499,950 in proceeds from sell of digital assets.
- · Cash and cash equivalents decreased to $2.28M at June 30, 2026 from $3.09M at December 31, 2025.
- · Notes payable (current and noncurrent) totaled $21.64M at June 30, 2026, up from $7.29M at December 31, 2025, largely from the $9.9M debt issuance.
- · Common shares outstanding surged from 20,963 at Dec 31, 2025 to 2,025,470 at June 30, 2026 due to conversions and issuances.
21-08-2026
Freedom Metals Acquisition Corp. filed its Form 10-Q for the quarterly period ended June 30, 2026, reporting a net loss of $41,881 for the three months ended June 30, 2026, and a cumulative net loss of $59,501 since inception on February 25, 2026. The company had total assets of $280,356, total liabilities of $314,857, and a shareholder's deficit of $34,501 as of June 30, 2026. Cash stood at $9,121, with operating cash flow negative at $57,451, while financing activities provided $66,572 primarily from a related-party promissory note of $200,296 and $25,000 from issuance of Class B ordinary shares to the sponsor.
- · The company is a shell company and an emerging growth company.
- · On July 9, 2026, underwriters forfeited their over-allotment option, resulting in the surrender of 1,375,000 Class B ordinary shares by the Sponsor for no consideration.
- · The company has no revenue and is in the pre-operational stage, with losses solely from general and administrative costs.
- · Basic and diluted net loss per Class B ordinary share was $(0.00) for the three months ended June 30, 2026, and $(0.01) for the period from inception through June 30, 2026.
- · The company's securities are listed on NASDAQ under symbols FDMMU (units), FDMM (Class A ordinary shares), and FDMMW (redeemable warrants).
21-08-2026
SunPower Inc. reported a net income of $6.9M for Q2 2026, a significant turnaround from a net loss of $27.3M in Q2 2025, driven by a $38.8M gain in other non-operating income. However, revenue declined 17% YoY to $54.9M, and operating losses widened from $8.9M to $23.5M as operating expenses surged 48% on higher sales commissions and G&A costs. The company's accumulated deficit improved to $444.6M from $456.7M at year-end, but cash and equivalents fell sharply to $4.1M from $9.6M.
- · Gross margin improved to 45.5% (Q2 2026) from 36.0% (Q2 2025), despite revenue decline.
- · Sales commissions jumped 163% YoY to $14.7M, while sales and marketing expenses were cut by half to $3.4M.
- · Total liabilities decreased 16.6% to $276.5M from $331.3M at year-end, driven by lower short-term debt and contract liabilities.
- · Related party interest expense and amortization of debt issuance costs doubled to $2.3M in Q2 2026 from $1.4M in Q2 2025.
- · The company issued 4.4M shares for $3.6M and converted $23.4M of convertible notes into 19.4M shares during Q2 2026.
21-08-2026
GridAI Technologies Corp. (ENTO) filed its 10-Q for the quarter ended June 30, 2026, reporting its first-ever revenue of $85,876 for the quarter and $124,084 for the six-month period, compared to zero revenue in the prior-year periods. However, the company recorded a massive net loss of $13.0M for the quarter (vs. $1.0M loss a year ago) and $16.5M for the six months (vs. $2.3M), driven by a $10.1M goodwill impairment charge and sharply higher operating expenses. Cash and cash equivalents increased to $1.4M from $0.9M at year-end 2025, but total assets fell 24% to $37.0M, and the accumulated deficit widened to $224.9M.
- · Goodwill impairment of $10.1M in Q2 2026 was the primary driver of the massive net loss increase.
- · Gross loss was $36,514 for Q2 2026 and $650,254 for the six months, indicating cost of services exceeded revenue.
- · General and administrative expenses surged to $3.0M in Q2 2026 from $0.6M in Q2 2025, a 376% increase.
- · Research and development expenses were $8,424 in Q2 2026 vs $10,631 in Q2 2025, a decrease of 21%.
- · The company raised $3.3M net from issuance of common stock, pre-funded warrants and warrants in the six months.
- · A $4.2M subscription receivable related to private placements was recorded as a non-cash item.
- · The company issued common stock to settle $227,730 in accounts payable and $232,315 in accrued interest on a revolving loan.
- · Accumulated other comprehensive income swung from a gain of $38,996 at Dec 31, 2025 to a loss of $333,799 at June 30, 2026, due to foreign currency translation.
- · Non-controlling interest decreased from $5.1M to $4.8M over the six months.
- · The company had no revenue from discontinued operations in 2026, compared to a loss of $634,855 from discontinued operations in the prior-year six-month period.
21-08-2026
For Q2 (three months ended June 30, 2026), Game Your Game Inc. reported a net loss of $3.33M compared to a net income of $1,809 in the prior-year quarter. Revenue collapsed 91% from $15.17M to $1.40M, while total operating expenses surged from $273,785 to $3.08M, driven by a massive increase in general and administrative costs. The company ended the period with only $15,991 in cash and stockholders' deficit of $3.16M, indicating severe financial distress.
- · General and administrative expenses skyrocketed from $120,862 in Q2 2025 to $2,917,604 in Q2 2026, a 2,314% increase.
- · The company raised $500,000 from the Streeterville March 2026 Convertible Note during H1 2026 and issued warrants valued at $585,402 in connection.
- · Share-based compensation under the Maxim Letter Agreement was $2,444,776 in Q2 2026.
- · During Q2 2026, 2,500,000 common shares were exchanged for 18,000.018 Series A Preferred Stock under an Exchange Agreement.
- · Cash used in operating activities was $796,585 in H1 2026, up from $556,805 in H1 2025.
- · Net cash provided by financing activities was $729,528 in H1 2026, primarily from related party promissory notes and convertible note proceeds.
- · Fair value of outstanding warrants and preferred stock was $4.19 million as of June 30, 2026, compared to $20,881 a year earlier.
21-08-2026
Parker-Hannifin reported net sales of $21,499M for fiscal 2026, up 8.3% from $19,850M in 2025, driven by 5.7% reported sales growth and 3.4% organic growth. Net income attributable to common shareholders rose 3.3% to $3,648M from $3,531M. However, the effective tax rate increased sharply to 20.0% from 14.0%, and other expense (income), net swung from a gain of $456M to a loss of $330M, largely due to a smaller gain on sale of businesses ($9M vs. $253M).
- · Foreign currency transaction loss (gain) swung from a gain of $46M in 2025 to a loss of $31M in 2026.
- · Income related to equity method investments increased to $218M in 2026 from $178M in 2025.
- · Non-service components of retirement benefit cost (income) increased to $64M in 2026 from $51M in 2025.
- · Insurance-related charges (recoveries) swung from a charge of $8M in 2025 to a recovery of $23M in 2026.
- · Interest income increased to $14M in 2026 from $11M in 2025.
- · Divestitures reduced reported sales growth by 1.1% in 2026.
- · Acquisitions contributed 1.7% to reported sales growth in 2026.
- · Currency translation added 1.7% to reported sales growth in 2026.
21-08-2026
Kearny Financial Corp. reported net income of $36.3M for FY2026, up 39.1% from $26.1M in FY2025, driven by a 15.1% increase in net interest income to $155.3M and a 19.8% rise in non-interest income to $22.8M. However, non-performing assets increased 17.1% to $53.4M, and non-interest expenses rose 6.9% to $129.0M, while the allowance for credit losses to non-performing loans declined to 95.0% from 101.3%.
- · Net income per share (basic) improved to $0.58 in FY2026 from $0.42 in FY2025.
- · Net income per share (diluted) was $0.57 in FY2026 versus $0.42 in FY2025.
- · Cash dividends per share remained unchanged at $0.44 for all three fiscal years.
- · Dividend payout ratio decreased to 77.1% in FY2026 from 106.1% in FY2025.
- · Total securities available for sale decreased to $964.4M at June 30, 2026 from $1.0B at June 30, 2025.
- · Total securities held to maturity decreased to $106.8M from $120.2M.
- · Goodwill remained flat at $113.5M.
- · FHLB advances average balance decreased to $889.9M in FY2026 from $1.0B in FY2025.
- · Weighted average interest rate on FHLB advances at end of year decreased to 3.84% from 4.46%.
- · Net charge-offs to average loans outstanding increased to 0.04% from 0.02%.
- · Allowance for credit losses to total loans decreased slightly to 0.77% from 0.79%.
- · Tangible equity to tangible assets at period end improved to 8.62% from 8.27%.
- · Average equity to average assets improved to 9.97% from 9.77%.
- · Non-interest expense to average assets increased to 1.70% from 1.58%.
- · Interest rate spread improved to 1.79% from 1.47%.
- · Net interest margin improved to 2.18% from 1.88%.
- · Average interest-earning assets to average interest-bearing liabilities improved to 116.50% from 115.21%.
- · Total nonaccrual loans increased to $47.9M from $45.6M.
- · Other real estate owned was $5.5M at June 30, 2026 versus $0 at June 30, 2025.
- · Collateralized loan obligations decreased to $233.7M from $323.2M.
- · Asset-backed securities decreased to $38.1M from $59.5M.
- · Corporate bonds increased to $152.2M from $140.1M.
- · Residential pass-through securities (available for sale) increased to $388.1M from $357.3M.
- · Collateralized mortgage obligations (available for sale) were $24.1M at June 30, 2026 versus $0 at June 30, 2025.
21-08-2026
FG Merger II Corp. (FGMCR) reported a net loss of $13.6 million for the six months ended June 30, 2026, compared to net income of $0.9 million in the same period last year, driven by a $8.6 million loss on initial recognition of a forward purchase agreement liability and a $4.8 million surge in general and administrative expenses. Cash and cash equivalents fell sharply to $86,887 from $486,900 at year-end 2025, while total assets increased slightly to $83.3 million. The company's accumulated deficit ballooned to $14.2 million from a retained earnings surplus of $0.4 million at December 31, 2025.
- · Basic and diluted loss per redeemable share was $(1.287) for the six months ended June 30, 2026, versus earnings of $0.207 per share in the prior year period.
- · Basic loss per non-redeemable share was $(1.420) for the six months ended June 30, 2026, compared to a loss of $(0.211) in the prior year period.
- · Net cash used in operating activities was $400,013 for the six months ended June 30, 2026, versus net cash provided by operating activities of $1,006,963 in the prior year period.
- · The company had no financing or investing cash flows in the current period, compared to $81.1 million provided by financing activities in the prior year period (primarily from IPO proceeds).
- · Total liabilities surged to $14.4 million at June 30, 2026 from $0.2 million at December 31, 2025, mainly due to the forward purchase agreement liability of $9.7 million and a $4.4 million increase in accounts payable.
21-08-2026
Bubblr Inc. (BBLR) filed its 10-Q for the quarter ended June 30, 2026, reporting a net loss of $440,561 for the quarter, an 18.4% increase from a $372,204 loss in the same quarter last year. Revenue collapsed 95.4% to just $33 for the quarter, down from $712 in Q2 2025, while total operating expenses were reduced 48.7% to $180,603. The company's cash position deteriorated sharply to $335 as of June 30, 2026, from $7,322 at year-end 2025, and total stockholders' deficit widened to $3,464,834 from $2,890,230.
- · Revenue has collapsed to near-zero levels, with only $33 in net sales for Q2 2026 and $469 for the first half of the year.
- · The company's cash burn rate has accelerated: net cash used in operating activities was $204,919 in H1 2026, up 182% from $72,619 in H1 2025.
- · Total liabilities increased 10.2% to $4,595,151, while total assets declined 11.8% to $1,130,317, driven primarily by a $139,776 decrease in intangible assets.
- · The company issued 72,742,223 new common shares during H1 2026 (including 58,471,521 in Q2 alone), primarily for convertible note conversions, increasing the share count by 41% from year-end 2025.
- · Interest expense surged to $411,734 in Q2 2026 from $4,017 in Q2 2025, driven by accretion of derivative liabilities.
- · The company had a net loss per share of $0.00 for all periods presented due to the high share count.
- · Stockholders' deficit worsened to $3,464,834 from $2,890,230 at year-end 2025, representing a 19.9% increase.
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