is the Verge’s weekend editor. He has over 18 years of experience, including 10 years as managing editor at Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Spotify is going all in on books in 2026 and partnering with Bookshop.org to let you buy physical copies of audiobooks and support local retailers starting in the Spring. The announcement doveta...
is the Verge’s weekend editor. He has over 18 years of experience, including 10 years as managing editor at Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Spotify is going all in on books in 2026 and partnering with Bookshop.org to let you buy physical copies of audiobooks and support local retailers starting in the Spring. The announcement dovetails with the launch of Page Match, a new feature that lets you sync physical books and ebooks with audiobooks in the Spotify app using your camera. When the partnership launches later this year in the US and UK, there will be a button at the bottom of pages for audiobooks, prompting you to “get a copy for your bookshelf.” The process will take you out of the Spotify app to complete the purchase on Bookshop.org, leading you directly to the checkout page. At an event announcing the partnership, Bookshop.org founder and CEO Andy Hunter talked about the importance of reading, saying that “Spotify is bringing in more readers, and I’m all for anything that grows the size of the pie.”
CICERO, Ill., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and equipment serving global markets, today announced select preliminary financial results for the full-year 2025 ended December 31, 2025, and introduced financial guidance for the full-year 2026. PRELIMINARY FULL-YEAR 2025 RESULTS All listed ra...
CICERO, Ill., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and equipment serving global markets, today announced select preliminary financial results for the full-year 2025 ended December 31, 2025, and introduced financial guidance for the full-year 2026. PRELIMINARY FULL-YEAR 2025 RESULTS All listed ranges are an estimate, based on information available to management as of the date of this release, and are subject to change subject to customary closing procedures (please see the Company’s Financial Disclosure Advisory and a reconciliation of GAAP to non-GAAP metrics, both in the appendix of this release.). Total revenue in a range of between $155 million and $160 million Total reported net income in a range of between $4.7 million and $5.7 million Total non-GAAP Adjusted EBITDA in a range of between $8 million and $9 million (for a reconciliation of GAAP to non-GAAP metrics, please see the appendix of this release). Demand conditions across the Company’s core vertical markets were strong during the fourth quarter 2025, supported by elevated customer demand within the power generation, industrial, and energy sectors, resulting in a full-year 2025 revenue performance consistent with the financial guidance provided on November 13, 2025. During the fourth quarter, a raw material supply issue under the directed-buy program of an OEM customer within our Heavy Fabrications segment resulted in reduced manufacturing throughput and operating efficiency. The Company has taken corrective action to address the supply issue and expects the impact to operations to be resolved during the first quarter of 2026. INTRODUCING FULL-YEAR 2026 FINANCIAL GUIDANCE The following financial guidance reflects the Company’s current expectations and beliefs. All guidance is current as of the time provided and is subject to change. Broadwind completed the sale of its Manitowoc, Wisconsin operations on ...
While Spotify users face yet another price hike, book lovers have some exciting developments to look forward to that could help cushion the blow. Spotify announced several updates for its audiobook business on Thursday, notably its expansion into physical books. Users in the U.S. and the UK will soon be able to purchase physical copies of their favorite audiobooks directly through the app, marking...
While Spotify users face yet another price hike, book lovers have some exciting developments to look forward to that could help cushion the blow. Spotify announced several updates for its audiobook business on Thursday, notably its expansion into physical books. Users in the U.S. and the UK will soon be able to purchase physical copies of their favorite audiobooks directly through the app, marking a significant pivot for the once digital-only platform. The company also introduced two features designed to make the audiobook experience smoother and more flexible, including a new tool called “Page Match” that lets users scan a page from a physical book to instantly transition to that spot in the audiobook. Additionally, “Audiobook Recaps”—a previously iOS-only feature—is coming to Android devices in the spring. This feature provides bite-sized recaps tailored to the last section users stopped listening to. Image Credits:Spotify Spotify’s decision to sell physical books through its app positions it as a competitor to major booksellers, including Amazon and Barnes & Noble. The company also recognizes that many readers still value physical books, and by offering both print and digital formats, Spotify is trying to turn itself into a one-stop shop for book lovers. Spotify has partnered with Bookshop.org on the new offering, an online marketplace that supports local, independent bookstores. This partnership is great news for indie booksellers, as every purchase made via Spotify will directly benefit local book communities. The ability to purchase physical books will roll out this spring and appear on audiobook pages in the app as a button labeled “Add to your bookshelf at home.” Clicking it takes users to Bookshop’s website, which handles the pricing, inventory, and shipping. Techcrunch event TechCrunch Founder Summit 2026: Tickets Live On June 23 in Boston, more than 1,100 founders come together at TechCrunch Founder Summit 2026 for a full day focused on growth, execution...
Strategic investment will make it easier for product teams to design & build apps by simply telling AI what they want TEL AVIV, Israel, Feb. 5, 2026 /PRNewswire/ -- Anima , a leader in AI design-to-code space, today announced a strategic investment from IBM to accelerate enterprise adoption of vibe coding: the new way for product teams to design and build apps with AI. As the only API-first design...
Strategic investment will make it easier for product teams to design & build apps by simply telling AI what they want TEL AVIV, Israel, Feb. 5, 2026 /PRNewswire/ -- Anima , a leader in AI design-to-code space, today announced a strategic investment from IBM to accelerate enterprise adoption of vibe coding: the new way for product teams to design and build apps with AI. As the only API-first design-to-code platform with a seamless integration with Figma, Anima is strategically positioned at the intersection of AI-native developer tools and enterprise modernization. Anima's AI Agents will deepen integration with enterprise brands, design systems, and legacy front-end code. Established in 2017 and backed by YCombinator, Anima has created the design-to-code space. Anima's solution has become a core layer of the front-end stack for teams at Amazon, Samsung, Apple, Disney, Deloitte, and Accenture, amassing over 1.5 million installs. Organizations using Anima report delivering projects up to 50% faster and saving up to 80% of front-end coding. Coding agents like Bolt.new and Replit rely on Anima to generate production-grade UI code from professional designs. IBM: "Anima's impressive adoption is driven from a technology platform that has resonated with enterprise product and design teams, helping cement them as a leader in AI design-to-code," said Emily Fontaine, Global Head of Venture Capital at IBM. "The company continues to demonstrate its ability to reshape how organizations design, build, and ship digital products in the AI era. We are confident Anima will stay at the forefront as design and engineering continue to converge, delivering even greater efficiency and innovation for enterprise clients." AI is rapidly transforming how websites and interfaces are created, pushing front-end development and UX generation into a new era. Yet companies still struggle to deliver high-quality, on-brand digital products at scale, as LLMs can generate logic but fall short on consiste...
Brazil’s only producing rare earth miner has given the US an option to acquire a stake in the company as part of a financing deal. Serra Verde Group secured a $565 million loan with the US International Development Finance Corporation — an amount 22% more than initially approved by the agency’s board last year. The loan is to help cover upgrades to the company’s Pela Ema operations in Brazil’s Goi...
Brazil’s only producing rare earth miner has given the US an option to acquire a stake in the company as part of a financing deal. Serra Verde Group secured a $565 million loan with the US International Development Finance Corporation — an amount 22% more than initially approved by the agency’s board last year. The loan is to help cover upgrades to the company’s Pela Ema operations in Brazil’s Goiás state. The final terms, disclosed by the company, opens the door to US involvement in the closely held firm. “It is an option for the US government to take a minority stake in the company, with no role in management,” Serra Verde Chief Operating Officer Ricardo Grossi said in an interview. The Trump administration has been accelerating its backing of companies in the rare earth supply chain to counter China’s dominance in the sector, with the government offering loans and taking equity stakes in companies including MP Materials Corp. and Vulcan Elements. Meteoric Resources NL and Aclara Resources Inc., two developers with Brazilian rare earth projects, have also secured US financing, though at much lower amounts. Read More: Rare Earths Producers Look to US-Led Boom to Blunt China’s Power Talks between Serra Verde and the DFC have been ongoing for about 18 months, according to Grossi. The company is backed by Denham Capital, Energy and Minerals Group and the UK’s Vision Blue Resources Ltd . The financing announcement comes after the Trump administration unveiled plans for a strategic critical minerals stockpile to insulate manufacturers from supply shocks as the US works to cut its reliance on Chinese rare earths and other metals. The venture, dubbed Project Vault, sets to marry $1.67 billion in private capital with a $10 billion loan from the US Export-Import Bank to procure and store minerals for automakers, tech firms and other manufacturers. Read More: Trump Launches $12 Billion Minerals Stockpile to Counter China “It makes complete sense” for Serra Verde to be part o...
SOL-1 Phase 3 superiority trial results remain masked to date SOL-1 data expected to be presented at the 49th Macula Society Annual Meeting Ocular plans to submit NDA for AXPAXLI™ in wet AMD based on SOL-1 52 Week data, pending positive results and planned FDA interactions Completed randomization of 631 subjects in SOL-R Phase 3 non-inferiority trial in December 2025; timing of topline results acc...
SOL-1 Phase 3 superiority trial results remain masked to date SOL-1 data expected to be presented at the 49th Macula Society Annual Meeting Ocular plans to submit NDA for AXPAXLI™ in wet AMD based on SOL-1 52 Week data, pending positive results and planned FDA interactions Completed randomization of 631 subjects in SOL-R Phase 3 non-inferiority trial in December 2025; timing of topline results accelerated and now anticipated in 1Q 2027 HELIOS-3 Phase 3 trial in diabetic retinopathy underway Cash balance of $737.1 million as of December 31, 2025, with expected runway into 2028 BEDFORD, Mass., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ: OCUL, “Ocular”), an integrated biopharmaceutical company committed to redefining the retina experience, today provided recent business highlights and reported financial results for the fourth quarter and year ended December 31, 2025. The business highlights include updated timing for the presentation of topline results of the SOL-1 Phase 3 superiority clinical trial of AXPAXLI™ (also known as OTX-TKI), for the treatment of wet age-related macular degeneration (wet AMD), which are expected to be presented at the 49th Macula Society Annual Meeting, taking place between February 25 – 28, 2026. Ocular will not be hosting a fourth quarter 2025 conference call as it is currently observing a quiet period in connection with the anticipated SOL-1 clinical trial data readout. The Company plans to resume quarterly earnings calls for its first quarter 2026 financial results. Recent Achievements and Upcoming Milestones: SOL-1 (Phase 3, wet AMD) superiority trial on track for topline data in the second half of February 2026. Week 52 results for the SOL-1 trial are expected to be presented at the 49 th Macula Society Annual Meeting, taking place between February 25 – 28, 2026. The SOL-1 superiority trial, conducted under a Special Protocol Assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA), has the pot...
MANITOWOC, Wisc., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2026 third quarter (Q3’26) ended December 31, 2025. Orion’s Q3’26 revenue was $21.1M vs. $19.6M in Q3’25, while Q3’26 Gross Pro...
MANITOWOC, Wisc., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2026 third quarter (Q3’26) ended December 31, 2025. Orion’s Q3’26 revenue was $21.1M vs. $19.6M in Q3’25, while Q3’26 Gross Profit Percentage was 30.9% vs. 29.4% in Q3’25. The Company achieved positive operating income in Q3’26 and adjusted EBITDA of 3.6% — marking its fifth consecutive quarter of positive adjusted EBITDA — compared to an operating loss of $1.2 million and positive adjusted EBITDA of 0.2% in Q3’25. Additionally, Orion reiterated its January 20 announcement of its increase in the Company’s FY 2026 revenue outlook to a range of between $84 million and $86 million — up from its previous outlook of approximately $84 million. The Company also reiterated its establishment of FY 2027 outlook of $95 million - $97 million of revenue and positive adjusted EBITDA for the full year. Orion is scheduled to discuss these results in an investor call today at 10:00 a.m. ET (details below). Webcast and Call Details Date / Time: Thursday, February 5th at 10:00 a.m. ET Live Call Registration: https://register-conf.media-server.com/register/BI63bbb3933201416d81cb80366383d9a3 Live call participants must pre-register using the URL above to receive the dial-in information. Anyone can re-register if they lose the dial-in or PIN #. Webcast & Replay: https://edge.media-server.com/mmc/p/aufdmr86 Q3 Financial Performance Q3 Financial Summary Prior Three Quarters $ in millions except per share figures Q3’26 Q3’25 Change Q2'26 Q1’26 Q4'25 LED Lighting Revenue $12.1 $13.2 -8% $10.7 $12.9 $10.9 EV Charging Revenue $4.7 $2.4 96% $4.8 $2.7 $5.8 Maintenance Revenue $4.4 $3.9 13% $4.5 $4.0 $4.1 Total Revenue $21.1 $19.6 +$1.5 $19.9 $19.6 $20.9 Gross Profit $6.5 $5.8 +$0.7 $6.2 $5.9 $5.7 Gross Profit % 30.9% 29.4% +150...
LOUDON, Tenn., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the second quarter ended December 31, 2025. Second Quarter Fiscal 2026 Highlights Compared to Second Quarter Fiscal 2025: Net sales decreased 5.8% to $188.6 million Unit volume decreased 9.5% to 1,106 units Gross profit decreased 32.9% to $25.1 million GAAP net (loss) income...
LOUDON, Tenn., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the second quarter ended December 31, 2025. Second Quarter Fiscal 2026 Highlights Compared to Second Quarter Fiscal 2025: Net sales decreased 5.8% to $188.6 million Unit volume decreased 9.5% to 1,106 units Gross profit decreased 32.9% to $25.1 million GAAP net (loss) income decreased from net income of $2.4 million to a net loss of $2.5 million GAAP net (loss) income available to Class A Common Stock per share (diluted) decreased from net income of $0.12 to net loss of $0.13 per share Adjusted EBITDA decreased 52.5% to $8.0 million Adjusted net (loss) income per share decreased from net income of $0.32 to net loss of $0.02 per share on a basic weighted-average share count of 19.1 million shares of Class A Common Stock "We exceeded second-quarter revenue expectations, despite a challenging retail environment and are optimistic entering the early boat show season," commented Steve Menneto, President and Chief Executive Officer of Malibu Boats, Inc. "The broader retail environment is performing as expected, and customer response to our new model-year boats has been encouraging. We were pleased with the close of our Malibu Year-End Sales event, which saw strong interest across key customer segments. While demand remains choppy, we are operating efficiently, seeing success in our centralized sourcing model, and maintaining disciplined production and healthy dealer inventory levels. We continue to enhance the customer purchase experience and support our dealer partners, who are encouraged by the ongoing rollout of MBI Acceptance, our white label financing partnership across our brands." "Through our variable cost structure and operational excellence, we were able to generate positive free cash flow during the second-quarter despite a softer market backdrop, continuing to provide us with ample capacity to fuel our capital deployment priorities," sai...
Delivered Year-over-Year Improvement in Profitability While Investing in Ambitious Innovation Agenda Raises Full Year FY2026 Adjusted EBITDA Guidance to $450 - $500 million* NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. today reported financial results for the quarter ended December 31, 2025. Q2 FY2026 Financial Highlights Ending Paid Connected Fitness Subscriptions were 2....
Delivered Year-over-Year Improvement in Profitability While Investing in Ambitious Innovation Agenda Raises Full Year FY2026 Adjusted EBITDA Guidance to $450 - $500 million* NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. today reported financial results for the quarter ended December 31, 2025. Q2 FY2026 Financial Highlights Ending Paid Connected Fitness Subscriptions were 2.661 million, a decrease of 214,000 or 7% year-over-year and 6,000 above the midpoint of our guidance range. We observed better-than-expected Average Net Monthly Paid Connected Fitness Subscription Churn following Membership price increases announced on October 1, which was partially offset by lower gross additions. Total Revenue was $657 million, a decrease of $17 million or 3% year-over-year and $8 million below our guidance range, primarily driven by lower-than-expected Connected Fitness Product sales to existing Members. Total Gross Margin was 50.5%, an increase of 320 bps year-over-year and 150 bps above our guidance. GAAP Net loss was $39 million. Adjusted EBITDA* was $81 million, an increase of $23 million or 39% year-over-year and $6 million above the high end of our guidance range. GAAP Net Cash provided by operating activities was $72 million. Free Cash Flow* was $71 million, a decrease of $35 million year-over-year. “Our second quarter represented the most substantial period of innovation at Peloton since our founding. At the same time, our financial performance demonstrated our continued operational discipline, resulting in 39% year-over-year growth in Adjusted EBITDA and reducing Net Debt by 52% year-over-year, proving we can simultaneously innovate and increase our profitability,” said CEO Peter Stern. “We’re driving positive momentum across the business: the new Cross Training Series is resonating in the marketplace, our subscription base is highly committed, our integrated Commercial Business Unit is growing and well-positioned to continue doing so, and Membe...
David Velez ’s favorite anecdote — the origin story of Latin America’s second-most valuable financial company — begins with a bulletproof door. It was 2012, and Velez, then a 31-year-old partner at Sequoia Capital, was trying to open a bank account in Sao Paulo. Passing through that high-security entrance at a bank branch he would later liken to a prison, Velez was immediately surrounded by armed ...
David Velez ’s favorite anecdote — the origin story of Latin America’s second-most valuable financial company — begins with a bulletproof door. It was 2012, and Velez, then a 31-year-old partner at Sequoia Capital, was trying to open a bank account in Sao Paulo. Passing through that high-security entrance at a bank branch he would later liken to a prison, Velez was immediately surrounded by armed security guards because his mobile phone had tripped alarms in the metal detector. Finally cleared to proceed, his ordeal was far from over. Months of bureaucratic hurdles followed, including multiple visits to the bank, before he was allowed to open an account. Velez was convinced Brazil’s banking system was ripe for disruption. Fourteen years later, the man who was once all but locked out of the banking system now holds the keys to the kingdom. His digital bank, Nu Holdings Ltd. , serves over 127 million customers, including some 60% of Brazil’s adult population, and ranks among the country’s most valuable companies with Itau Unibanco Holding SA and oil giant Petrobras . The 44-year-old Colombian native — whose efforts have driven his net worth to an estimated $17.7 billion, according to the Bloomberg Billionaires Index — is now steering his empire toward new destinations, including some of the world’s most competitive banking markets. That includes the US, where Nubank, as the company is known, just got the first green light for a national bank license. “It was a blessing to be ignored” by Brazil’s banking behemoths, said Velez, whose family fled Colombia’s drug wars when he was eight. “We had our head down focusing on our customer, running as fast as possible without making a lot of noise. And then one day they woke up and we were larger than many of them.” Nobody’s ignoring Nubank anymore. Its shares trade at valuations well above those of traditional lenders and its return on equity hovers above theirs as well, at 31% in the third quarter. Itau Unibanco Holding SA, La...
A memorial for three college students who died in a separate Cybertruck crash in Piedmont, Calif. (David Paul Morris/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Samuel Tremblett pleaded with a 911 operator to be rescued from his burning Tesla Inc. Model Y SUV after a crash in October: “I can’t get out, please help me.” The transcript of the 20-year-old’s emergency ca...
A memorial for three college students who died in a separate Cybertruck crash in Piedmont, Calif. (David Paul Morris/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Samuel Tremblett pleaded with a 911 operator to be rescued from his burning Tesla Inc. Model Y SUV after a crash in October: “I can’t get out, please help me.” The transcript of the 20-year-old’s emergency call was included in a lawsuit filed Feb. 4, the latest to allege that a driver or passenger died after they were unable to open the electrically powered doors on their Tesla vehicle after a crash. “It’s on fire. Help please,” Tremblett said, according to the lawsuit. “I am going to die.” Details of the crash were previously reported by Bloomberg News as part of a wide-ranging investigation into the hazards of electric door systems, which can fail and trap occupants inside vehicles, particularly after a crash. The reporting uncovered at least 15 deaths in a dozen incidents over the past decade in which occupants or rescuers were unable to open the doors of a Tesla that had crashed and caught fire. After Tremblett survived the initial impact of the collision, which occurred in a town about 30 miles outside Boston, his remains were found in the back seat, according to a police report of the incident. “Unable to open the doors, Mr. Tremblett was trapped in the Tesla vehicle and died from thermal injuries and smoke inhalation before he was able to be rescued,” according to the complaint filed Wednesday in Massachusetts federal court. Tesla didn’t immediately respond to a request for comment. TeslaDeath A top Tesla executive said in September that the company was working on a redesign of its door handles. In December, Tesla updated its website to say that after a serious collision is detected, hazard lights will turn on to increase visibility and “doors will automatically unlock for emergency access.” Tesla is facing multiple lawsuits over crashes that allegedly involved door-rela...
Thermon press release ( THR ): Q3 Non-GAAP EPS of $0.66 beats by $0.08 . Revenue of $147.3M (+9.6% Y/Y) beats by $8.96M . Adjusted EBITDA (non-GAAP) of $35.6 million, +11.9%; Adjusted EBITDA margin (non-GAAP) of 24.2% Backlog was $259.4 million as of December 31, 2025, representing a $23.8 million increase, or 10.1%, as compared to backlog of $235.6 million at December 31, 2024. Orders for the qua...
Thermon press release ( THR ): Q3 Non-GAAP EPS of $0.66 beats by $0.08 . Revenue of $147.3M (+9.6% Y/Y) beats by $8.96M . Adjusted EBITDA (non-GAAP) of $35.6 million, +11.9%; Adjusted EBITDA margin (non-GAAP) of 24.2% Backlog was $259.4 million as of December 31, 2025, representing a $23.8 million increase, or 10.1%, as compared to backlog of $235.6 million at December 31, 2024. Orders for the quarter were a record $158.2 million, up 14.1% year-over-year, with a book-to-bill of 1.1x. Net Leverage ratio of 0.8x. The following forward-looking guidance reflects management's current expectations and beliefs for full-year Fiscal 2026 as of February 5, 2026, and is subject to change. Full Fiscal Year (Ending March 31) Unaudited, in millions, except per share data 2025 Actual Previous 2026 Guidance Revised 2026 Guidance Revenue $498.2 $506 to $527 $516 to $526 vs. $516.70M consensus Adjusted EBITDA (non-GAAP) $109.2 $112 to $119 $114 to $120 EPS $1.57 $1.62 to $1.77 $1.64 to $1.78 Adjusted EPS (non-GAAP) $1.87 $2.00 to $2.15 $2.05 to $2.19 vs. $2.06 consensus Click to enlarge More on Thermon Thermon Group: Growth Drivers Are Largely Speculative Currently Thermon Group Holdings: Their Critical Role In Next-Generation Data Center Architecture Seeking Alpha’s Quant Rating on Thermon Historical earnings data for Thermon Financial information for Thermon
PhonlamaiPhoto/iStock via Getty Images Global Ship Lease ( GSL ) was a good call, and since our initiation of coverage , shares are up by more than 80%. At the time of the Q2 results, we highlighted a potential additional upside of approximately 20%. That scenario has since materialised (Fig. 1). For our new readers, the company's business model is relatively straightforward. They acquire and char...
PhonlamaiPhoto/iStock via Getty Images Global Ship Lease ( GSL ) was a good call, and since our initiation of coverage , shares are up by more than 80%. At the time of the Q2 results, we highlighted a potential additional upside of approximately 20%. That scenario has since materialised (Fig. 1). For our new readers, the company's business model is relatively straightforward. They acquire and charter container vessels to global liner operators. Our high conviction idea was backed by 1) solid execution, 2) ongoing deleveraging, 3) a shareholder-friendly capital return framework, and 4) an asset-light operating model for its customers. We also added two new upsides in our last update: new U.S. rules that curb Chinese sale-and-leaseback , providing less competition from GSL, and higher secondhand container-ship prices, moving GSL asset value higher. Mare Ev. Lab Rating Update Fig 1 Why are we still positive? Beyond the visibility of contracted revenues and ongoing balance-sheet improvement, the company’s own disclosures helped inform our assessment of potential additional upside. The company reported nearly $2 billion of contracted revenues (Fig. 2), with an average remaining duration of approximately 2.5 years. As of Q3 2025, contracted revenues stood at just over $1.9 billion, reflecting the addition of $778 million of new charter commitments YTD. This marked an acceleration compared to last year and gives us confidence for 2026. GSL Q3 P&L Source: GSL Q3 results ppt - Fig 2 Key to report is that GSL executives are positive on their vessel segment. Indeed, they see demand for smaller and mid-sized container ships well supported by regionalization and supply chain fragmentation. Disruption favours GSL , and a potential US escalation in the Middle East might drive higher sales for the company. This is why the latest vessel rates are increasing, and we estimate a solid 2026. Management also noted that most global containerized trade occurs outside the major East–West ro...
Good morning . Tech stocks take a breather after a two-day slide. A new arms race may be brewing. And an acrimonious divorce threatens to pry open one of the most secretive hedge funds. Listen to the day’s top stories . S&P 500 Index Futures 6,909 +0.04% Nasdaq 100 Index Futures 25,021.25 +0.09% Bloomberg Dollar Spot Index 1,193.09 +0.13% Exhale. The slump in tech stocks stalled after a dizzying t...
Good morning . Tech stocks take a breather after a two-day slide. A new arms race may be brewing. And an acrimonious divorce threatens to pry open one of the most secretive hedge funds. Listen to the day’s top stories . S&P 500 Index Futures 6,909 +0.04% Nasdaq 100 Index Futures 25,021.25 +0.09% Bloomberg Dollar Spot Index 1,193.09 +0.13% Exhale. The slump in tech stocks stalled after a dizzying two-day rout as traders debated whether the decline in everything from software shares to chipmakers has gone too far . But metals and crypto are still all shaken up, with silver plummeting , gold dropping below $4,900 an ounce, and Bitcoin sliding through $70,000 for the first time since November 2024. A billionaire Chinese trader who made his name riding gold’s rally has turned his sights to the “devil’s metal” with a bet on silver’s collapse now worth almost $300 million. The tech rebound didn’t quite stretch to Qualcomm and Arm Holdings, whose shares fell steeply premarket amid concern a shortage of memory chips will crimp growth in the electronics industry , especially phone production. Meanwhile, insatiable global appetite for AI chips has transformed TSMC into Asia’s most-valuable company and propelled Taiwan’s $922 billion economy into one of the world’s fastest growing. But in a nation of savers marked by inequality, it’s a wealth boom that can be hard to detect— even at its epicenter . Biotech is back , with cancer drug developer Eikon Therapeutics—led by Merck & Co. veterans— raising almost $400 million in an upsized IPO. Signs of a resurgence in the sector picked up late last year as shares of drug developers started to climb. A quartet of IPOs this week has raised hopes even higher. US-China flashpoints. The Trump administration hosted 55 countries at a critical minerals summit Wednesday, pitching price floors and a flood of US private equity as it seeks to reduce dependence on China and ensure US manufacturers have stable access to key resources. In Beijing, Ch...
President Donald Trump sent a fresh warning to Iran’s leaders with diplomatic talks between Washington and Tehran were set for later this week. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
President Donald Trump sent a fresh warning to Iran’s leaders with diplomatic talks between Washington and Tehran were set for later this week. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Team USA settles in to athletes' villages, 'smash' pizzas toggle caption Alessandro Trovati/AP For more behind the scenes looks at the Winter Olympics in Italy, subscribe to the Rachel Goes to the Games newsletter and get it delivered to your inbox. MILAN - Cory Thiesse, a curler from Minnesota, wasn't sure what to expect when she arrived at her new digs in the athletes' village in Fiames, part of...
Team USA settles in to athletes' villages, 'smash' pizzas toggle caption Alessandro Trovati/AP For more behind the scenes looks at the Winter Olympics in Italy, subscribe to the Rachel Goes to the Games newsletter and get it delivered to your inbox. MILAN - Cory Thiesse, a curler from Minnesota, wasn't sure what to expect when she arrived at her new digs in the athletes' village in Fiames, part of Cortina d'Ampezzo competition cluster, for the Olympic Games. "We arrived at the village at night and you could kind of see the mountains around you," she says. "But opening the door that first morning – we are really in the middle of the mountains living. It's amazing," she says. Sponsor Message Her mixed doubles curling partner Korey Dropkin, from Massachusetts, says the ski resort town Cortina, surrounded by dramatic mountain peaks, is stunning. "It's picturesque no matter where you are or where you go," he says. Olympic athletes are arriving in northern Italy and moving into Olympic villages spread among the four competition clusters around the region. Each vVillage has beds for athletes and support staff, gyms for working out, laundry facilities, medical help, and a cafeteria, where athletes have been passing on trays of steamed cauliflower and peas in favor of the pasta. Hockey players, speedskaters and figure skaters are based in a more urban setting, at the Olympic village in Milan. Figure skater Ilia Malinin, from Virginia, is at the Olympics for the first time. "It's so cool going into a cafeteria and seeing so many team jackets," he says, "I really never imagined [seeing] so many athletes of different sports and different kinds being in the same area." There are hints of nature in the city setting, says Madison Chock, an ice dancer from California, like an athlete lounge that's designed like a greenhouse. "You can just go in there and relax and listen to calming music. And then you can also take a little plant back to your room and feed it and water, sunlight," ...
hapabapa/iStock Editorial via Getty Images Investment Thesis ServiceNow (NYSE: NOW ) stock is under pressure, as is the overall software sector, due to investors’ concern whether AI tech could make software solutions legacy across companies. NOW loudly answer that its software solutions, leveraged with AI capabilities, are not only not legacy, but also improve the clients’ operating efficiency and...
hapabapa/iStock Editorial via Getty Images Investment Thesis ServiceNow (NYSE: NOW ) stock is under pressure, as is the overall software sector, due to investors’ concern whether AI tech could make software solutions legacy across companies. NOW loudly answer that its software solutions, leveraged with AI capabilities, are not only not legacy, but also improve the clients’ operating efficiency and deliver high ROI to them. Furthermore, I examine via success stories how its AI-based tools benefit customers’ operation in real work-life. Meanwhile, the hybrid pricing model could offset a loss in user-based revenue from a potential reduction in customer personnel, through higher average revenue per user. Competition, AI adoption headwinds and macroeconomics factors are the main risks the company needs to face. Overall, I am bullish and I rate the stock as BUY. Business Overview and Healthy Financials ServiceNow offers cloud software solutions mainly to large companies with complex and numerous workflows across various industries. The company offers its solutions across almost all operation units of a company, aiming to help them with digital transformation workflows. NOW operates under a Software-as-a-Service (SaaS) business model, and its revenue comes mainly from subscription, which were seat-based, meaning that the company was taking subscription fees per user. FY25 Report Currently, with the ServiceNow AI Platform , customers can connect any cloud, any model, any data with NOW’s AI tools and AI agents, while with ServiceNow AI Control Tower , they can control and monitor them. The company’s Q4’25 results are more than strong. The CEO stated : Our subscription revenue growth was 21%, 19.5% in constant currency, 1.5 points above the high end of our guidance… Our cRPO growth was 25%, 21% in constant currency, 2 points above our guidance… Operating margin was 31%, 1 point above our guidance. Full year '25 free cash flow margin was 35%, 1 point above our already raised g...