Category: Newsfeed
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Evolution 4Q25 Business Update: The Slog Continues
(Speedwell Members can access a full version of this post here and a PDF of this post here) 4Q25 Update. Evolution reported 4Q earnings and the stock dropped -6%. Revenues shrunk -4% y/y, but grew q/q +1.4%. On a constant currency basis, revenues were +4.9%. Live revenues were -5%, marking…
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AppFolio 4Q25 Business Update: Revenue Reaccelerate with new AI-Features
(Members can find a fuller version of this post here and a PDF here). 4Q25 Update. AppFolio reported decent 4Q25 results and the stock was down -8% in next day trading. Revenues accelerated 100 bps to 22% y/y. This marked the 3rd consecutive quarter of acceleration after a soft 1Q. However,…
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Meta 4Q25 Business Update: Is AI a Business Accelerator or Cash Incinerator?
(Speedwell Members click here for a longer version of this post or here for a PDF version of this post here) 4Q25 Update. Meta reported 4Q25 earnings and the stock popped +7% after hours. Their core business continues to perform very strongly with top line revenues up +24% y/y. While that…
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LVMH 4Q25 Business Recap: Profits Finish Down
LVMH reported full year 2025 results, which were lackluster, but in line with prior management communications. Revenues contracted -5% for the year, or about -1% on an organic growth basis. Currency was a negative -4% headwind, but they noted that it started off the year as a positive +3% and…
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Shift4 Deep Dive
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. This is a new company report announcement. Members can access Speedwell’s Reports here. You can become a Speedwell Member here. While nearly every…
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RH 3Q25 Business Recap: Investing during Uncertain Times
(Members can get a PDF of this post here). 3Q25 Update. RH reported 3Q25 results and the stock was up +6% the next day. Revenues grew +9% y/y to $884mn, up from +8% y/y last Q. As we noted in our last update on RH, they were seeing demand ahead…
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Copart 1Q26 Business Update: Do Volume Slips Question Their Moat?
(If you are a Speedwell Member, click here to get the full version of this post or here to download a PDF). 1Q26 Update. Copart reported fiscal 1Q26 (calendar 3Q25) and the stock was down -3% in trading the following day. It was a bad quarter with revenue growth of…
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Constellation Software 3Q25 Update: AI Narrowing the Moat?
(Note: This is a Business Recap, which is shorter than our Business Updates. Members can download a PDF here) 3Q25 Update. Constellation Software has had its largest draw down in their history, dropping over 37% from peak. While it is always hard to attribute reasons to a stock’s movement, many…
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Axon 3Q25 Business Update:
(Speedwell Members click here for an extended version of this post or here for a PDF) 3Q25 Update. Axon reported 3Q25 earnings Tuesday and the stock closed -9% after initially dropping -20%. It faced continued pressure though and is now down -16% at $600 from its pre-earnings price of $720.…
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Coupang 3Q25 Business Recap: Sustaining Growth with AI
(As a reminder, this is a Business Recap, which are shorter than our Business Updates). 3Q25 Earnings Update. Coupang’s 3Q25 FXN revenues increased +20% y/y with gross profits up +22% y/y. As we mentioned over the past couple quarters, as Coupang shifts more sales to 3rd party from 1st party,…