Category: Newsfeed
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Adobe 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. By all financial…
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Coupang 1Q26 Business Recap: Data Leak Shows Member Strength
(Members can access a PDF of this post here). 1Q26 Update. Coupang reported 1Q26 and Product Commerce revenues were +5% y/y on constant currency. Gross profits were up less though at +2% y/y. Segment adjusted EBITDA margin was down 302bps y/y to 5%. This was the second quarter where the…
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Floor & Decor: 1Q26 Business Update
(Speedwell Members click here for the full post or click here for a PDF version of this post). 1Q26 Update. Floor & Decor reported 1Q26 and had yet another quarter of rough results, which can largely be attributed to poor macro. SSS (same store sales) were -3.7% for 1Q and…
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Meta 1Q26 Business Update: The Big Personalzied AI Bet
(Speedwell Members click here for a longer version of this post or here for a PDF version of this post here) 1Q26 Update. Meta reported a very strong quarter with revenue growth of 33% y/y or 29% y/y on a constant currency basis. This was driven by ad impression growth of…
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Evolution 1Q26 Business Update: No Timeline for Europe Headwinds
(Members can access the full post here and a PDF of this post here) 1Q26 Financials. Evolution reported 1Q26 and the stock was down -2%. Reported revenues were -1.5% y/y, but grew +6.8% in constant currency. They noted that Asia grew q/q for the second consecutive quarter as they made progress…
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RH 4Q25 Business Recap: 2030 is the New Goal Post
(Members can get a PDF of this post here). RH reported 4Q25 and I wanted to provide some thoughts. In contrast to past updates, I am toying with the idea of not summarizing the quarter and instead just moving to my opinion. (I just feel there are many sell-siders and…
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Coupang 4Q25 Business Recap: Data Leak Impact Shows Up
(Members can access a PDF of this post here). 4Q25 Earnings Update. Coupang Reported 4Q25, the first quarter that was impacted after the November data leak and the stock is up 5%. While there were rumors that they may have lost millions of customers and meaningful platform activity, the results…
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Perimeter 4Q25: Business Recap
(Members can download a PDF of this post here) 4Q25 Business Update. Perimeter Solutions reported 4Q and stock dropped 9%. While revenues were up 19%, operating income (adjusting out the Founder’s Advisory Fees were roughly flat). For the full year net sales increased 16% y/y with the Fire Safety Segment…
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Copart 2Q26 Business Recap: Volumes Contract (Again)
(If you are a Speedwell Member, click here to get the full version of this post or here to download a PDF). 2Q26 Update. Copart reported fiscal 2Q26 and the stock sold off -3% the next day, after recovering from being down -10%. The quarter was bad with revenues down…
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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…