GREAT NECK, N.Y., Oct. 22, 2026 (GLOBE NEWSWIRE) — Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.105 per share to be paid to all shareholders of record on December 31, 2026. The dividend will be paid on January 15, 2027.
Contact:
Assaf Ran, CEO
(516) 444-3400
www.linkedin.com/in/assafran
SOURCE: Manhattan Bridge Capital, Inc.
Management to Host Conference Call November 9 at 8:30 a.m. ET
VANCOUVER, British Columbia, Oct. 22, 2026 (GLOBE NEWSWIRE) — Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced it will host a conference call to discuss its third quarter 2026 financial results on Monday, November 9, 2026, at 8:30 a.m. ET. Participants can access the conference call via a webcast at Village Farms Third Quarter 2026 Conference Call Webcast or on the Company website at Village Farms – Events. Participants wanting to access the conference call by telephone must register in advance at Village Farms Third Quarter 2026 Conference Call Registration to receive telephone dial-in information.
The live question and answer session will be limited to analysts; however, others are invited to submit questions ahead of the conference call via email at investorrelations@villagefarms.com. Management will address questions received via email during the question and answer session as time permits.
The Company expects to report its third quarter 2026 financial results via news release on Monday, November 9, 2026, at 7:00 a.m. ET.
Conference Call Archive Access Information
For those unable to participate in the conference call at the scheduled time, it will be archived for replay beginning approximately one hour following completion of the call on Village Farms’ web site at http://villagefarms.com/investor-relations/investor-calls.
About Village Farms International
Village Farms is a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. With a legacy built on decades of Controlled Environment Agriculture expertise and Dutch farming practices, today the Company is one of the world’s largest and most profitable cannabis operators with an asset portfolio that spans over 7 million square feet of advanced greenhouse and indoor cultivation assets.
In Canada, Village Farms operates the world’s largest EU-GMP certified cannabis facility at its production campus in Delta, British Columbia, and exports products to international medical markets. The Company is also a market share leader in dried flower formats and produces and distributes some of the country’s highest quality and best-selling strains, including its flagship Pure Sunfarms Pink Kush, one of the most widely consumed strains on the planet. Village Farms’ Canadian brand portfolio includes Pure Sunfarms, Fraser Valley Weed Co., Soar, Super Toast, Pure Laine, Tam Tams and Promenade.
In the Netherlands, the Company is one of only ten licensed operators in the country’s regulated cannabis program, and in the United States its CBDistillery brand is one of the country’s premier cannabinoid wellness platforms, and it also holds equity interests in cannabis businesses in Australia and Germany. Beyond cannabis, the Company holds an equity interest in Verdexa Holdings, a private venture pursuing strategic acquisitions to build a premier branded food platform, and its Clean Energy division transforms landfill gas into renewable natural gas and receives royalties on all revenues generated.
| Contact Information |
| Sam Gibbons Senior Vice President, Corporate Affairs & Investor Relations Phone: (407) 495-5067 Email: sgibbons@villagefarms.com |
Announcement Highlights:
(i) First purchase order (PO) from a strategic AI Customer marks a key commercial milestone in the Company’s MicroLED optical interconnect business.
(ii) PO includes a statement of work (SOW) for delivery of ultra high-performance MicroLED chips designed specifically for AI optical interconnects.
(iii) Palomino is focusing on MicroLED performance, reliability and manufacturing supply chain to meet the current customer’s stringent design requirements.
GOLETA, Calif., Oct. 22, 2026 (GLOBE NEWSWIRE) — Palomino Laboratories, Inc. (OTCQB: PALX) (“Palomino” or the “Company”), an artificial intelligence (AI) interconnect product company, today announced it has received its first purchase order (PO) from a strategic hyperscaler customer. The PO includes a statement of work (SOW) for the delivery of high-performance gallium nitride (GaN) MicroLED chips for optical interconnect applications within AI infrastructure.
The Company believes this initial PO represents validation of its core market thesis. Specifically, MicroLED technology originally designed for the display market is not optimized for optical interconnect applications and therefore must be engineered specifically for high-speed data. Subsequently, MicroLED chip performance must be tailored to AI data center link budgets and aligned to customer system requirements.
Under the SOW, Palomino expects to improve both nanomaterial and MicroLED design to increase output power and fiber coupling efficiency performance, consistent with the Company’s technical roadmap. All other MicroLED technical parameters from Palomino’s technology platform are compliant with the customer’s target requirements.
Jeffrey B. Shealy, Co-Founder and CEO, commented: “This first commercial PO from our hyperscaler customer is a significant corporate milestone for Palomino. It confirms that leading AI infrastructure customers recognize that MicroLEDs for optical interconnects must be engineered for bandwidth, reliability and efficiency driven by the AI market.” Mr Shealy continued, “This SOW aligns directly with our AI interconnect product roadmap, and we are executing with urgency to deliver technical performance while addressing the manufacturing supply chain required for volume production.”
Dr. Steven DenBaars, Co-founder and Director of Palomino Laboratories, Inc. and pioneer of GaN MicroLED technology, added: “MicroLEDs are a powerful device platform and optical interconnect architectures impose very different performance constraints relative to those for display applications. Palomino’s work is grounded in foundational GaN MicroLED innovation and protected by our IP portfolio that includes licence rights to University of California, Santa Barbara (UCSB) patents. This PO reflects growing customer recognition that novel material science and MicroLED device design are crucial to unlock the efficiency advantages needed for next-generation AI interconnects.”
Palomino believes the receipt of this first PO is consistent with, and supports, the Company’s previously stated objective that it would secure a development contract from a strategic AI customer in Q4 FY26. The Company expects this work will further strengthen customer engagement and accelerate progress toward MicroLED-enabled optical interconnect solutions for short-reach AI systems.
About Palomino Laboratories
Palomino Laboratories is an artificial intelligence (AI) interconnect technology company headquartered in Goleta, California, developing next-generation connectivity solutions for the rapidly evolving AI infrastructure market. The Company’s product focus addresses AI interconnect solutions in the 0-to-50 meters range and includes: (i) silicon chipsets enhancing the speed of copper, (ii) silicon optical integrated circuits (IC’s) optimizing the performance of MicroVCSEL interconnects, and (iii) silicon and gallium nitride IC’s for MicroLED interconnects. Our chipsets enable high-bandwidth, low-latency, and energy-efficient data movement across AI systems. Palomino’s solutions are designed to support the growing performance demands of AI, high-performance computing (HPC), enterprise networking, hyperscale data centers and advanced robotics as increasingly intelligent systems require faster, more efficient, and more reliable data connectivity.
For more information, please visit www.palominolabs.ai.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other statements that are predictive in nature, that depend upon or refer to future events or conditions. All statements other than statements of historical fact are statements that could be forward-looking statements. Forward-looking statements include words such as “expects,” “anticipates,” “intends,” “plans,” “could,” “believes,” “estimates” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements Forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the factors listed under “Risk Factors” in the Company’s filings with the SEC, including Forms 10-K, 10-Q and 8-K. Investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this release. Except as may be required by law, the Company does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information
Palomino Laboratories Inc.
Jeffrey B. Shealy, CEO
Email: IR@palominolabs.ai
Long Island’s Original Craft Brewery Invites Beer Fans to an Afternoon of Cask Ales, Live Music and Local Food Trucks at its 22nd Annual Festival
PATCHOGUE, N.Y., Oct. 22, 2026 (GLOBE NEWSWIRE) — One of Long Island’s longest-running craft beer celebrations is returning to Main Street. Blue Point Brewing Co., Long Island’s original craft brewery and a subsidiary of Tilray Brands (NASDAQ: TLRY and TSX: TLRY), today announced the return of its 22nd Annual Cask Ales Festival on Saturday, November 7, 2026, from 2 to 6 p.m. at the Blue Point Brewpub, 225 West Main Street in Patchogue, New York.
The annual festival will pour samples from more than 100 casks, giving beer fans a chance to try small-batch and one-of-a-kind brews from breweries across the country. The afternoon will also feature local food trucks and live music from Blink 180 and The 90s Band.
“Cask Fest has become a true Long Island beer tradition, and we’re proud to bring it back to Patchogue for its 22nd year,” said Chris DiOrio, Senior Brand Manager, Blue Point Brewing. “It’s a chance for the community to come together, discover rare cask ales and celebrate the creativity that has always been at the heart of Blue Point.”
General admission tickets are $40 and include festival admission, a 5-ounce Cask Fest tasting glass and beer samples from more than 100 casks. Tickets are available here.
After the festival, the party will move indoors to the tasting room from 6 to 10 p.m., where The 90s Band will keep the music going into the evening.
The event will be held rain or shine and is open only to guests ages 21 and older. For full event details, visit Blue Point Brewing’s Cask Fest 2026 event page.
About Blue Point Brewing
Blue Point Brewing Company was founded in 1998 in Patchogue, New York and is Long Island’s OG craft brewery. Twenty-seven years later, with a widely appealing portfolio of beer and beyond beer brands, Blue Point has grown to be one of the largest breweries in New York, with a footprint up and down the entire East Coast. Blue Point’s flagship beer, Toasted Lager, has won several awards including a gold medal at the World Beer Cup.
For more information about Blue Point Brewing, please visit www.bluepointbrewing.com and follow us on Instagram @BluePointBrewing.
About Tilray Brands
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.
For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.
Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.
For further information, please contact
Media: news@tilray.com
Investors: investors@tilray.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f0c3ed03-4d7e-437c-895b-e249030f3a0e
Net Sales Increased 34%, Driven by Vita Coco Coconut Water Growth of 15%; Organic Net Sales Growth1 of 18%
Net Income Increased $11 million to $35 million and Non-GAAP Adjusted EBITDA² Increased $21 million to $53 million
Raises Fiscal Year 2026 Guidance for Net Sales to Between $810 Million and $820 Million and Non-GAAP Adjusted EBITDA² to between $170 million and $175 million
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) — The Vita Coco Company, Inc. (NASDAQ:COCO) (“Vita Coco” or “the Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the third quarter ended September 30, 2026.
Third Quarter and Year-to-Date 2026 Highlights Compared to Prior Year Period
Michael Kirban, the Company’s Co-Founder and Executive Chairman, stated, “The growth of the coconut water category maintained through the fall, and remains one of the fastest growing beverage categories in our major markets. I am particularly pleased by the strong growth in Europe as we develop the category in key markets, and the continued growth in America, driven by increases in both household penetration and in average consumption per household. This quarter, we were pleased to welcome the Copra team to our family and to start executing our joint plans, which we believe will allow us to compete successfully in the super premium segment. With the investments we are making in our supply chain, and our strong brand performance, I am confident in our plans to maintain our growth into 2027, and our category leadership well into the future.”
Martin Roper, the Company’s Chief Executive Officer, said, “Our strong third quarter net sales growth was driven by robust branded retail growth in all our major markets, and by strong growth in private label shipments, reflecting healthy category growth and the addition of Copra’s super premium products. Excluding the impact of Copra, the underlying 18% organic net sales growth of our business remained very strong, exceeding our expectations. Consumer demand is very healthy, and we are therefore raising our full year Net Sales and Adjusted EBITDA guidance.”
Third Quarter 2026 Consolidated Results
Net sales increased $62 million, or 34%, to $244 million for the third quarter ended September 30, 2026, compared to $182 million in the prior year period. The increase in net sales was driven by case equivalent (“CE”) volume gains of 16% for Vita Coco Coconut Water and 77% for Private Label. Organic net sales growth1, which is net sales growth excluding the impact of Copra, was 18% for the quarter. Copra net sales primarily impacted Private Label, with Copra branded coconut water and commodity net sales recognized in Other.
Gross profit increased to $93 million, from $69 million in the prior year period driven by higher sales volume, the addition of Copra, and minimal tariffs compared to the prior year period, partially offset by higher domestic logistics costs. Gross margin was 38%, in line with the prior year period, benefitting from minimal tariffs compared to the prior year period, offset by higher domestic logistics costs, and the dilutive impact of Copra.
Selling, general and administrative (“SG&A”) expenses were $47 million, compared to $41 million in the prior year period. The increase was primarily driven by costs related to the acquisition of Copra, amortization expense associated with intangible assets acquired in the Copra acquisition, higher people-related costs reflecting increased headcount and stock-based compensation, as well as higher sales related expenses.
Net income was $35 million, or $0.58 per diluted share, compared to net income of $24 million, or $0.40 per diluted share, in the prior year period. Net income benefited from higher gross profit, partially offset by higher SG&A spending and increased income tax expense.
Non-GAAP Adjusted EBITDA2 was $53 million, compared to $32 million in the prior year due to the increased gross profit partially offset by higher SG&A expenses.
Balance Sheet
As of September 30, 2026, the Company’s financial position remained strong with no debt and $152 million in cash and cash equivalents. Cash decreased $45 million from the beginning of the year, and $127 million from end of the second quarter due to net cash used for the acquisition of Copra of $139 million. Our inventory was $111 million, flat to December 31, 2025, with the inclusion of Copra inventory offsetting the inventory draw down from strong year-to-date shipments. Accounts receivable increased to $129 million from $82 million as of prior year end due to strong quarterly sales and the inclusion of Copra.
As of September 30, 2026, the Company had repurchased approximately $86 million of its common stock under its share repurchase program and had $19 million remaining under the existing authorization. During the nine months ended September 30, 2026, the Company repurchased $62 million of its common stock. As of October 22, 2026, the Company has repurchased $94 million of its common stock, and had $11 million remaining of the $105 million authorized amount under the repurchase program.
Fiscal Year 2026 Full Year Outlook³
The Company is increasing its full year 2026 guidance, as follows:
Uncertainty and instability in the current operating environment, geopolitical landscape, and global economies, including the military conflict in Iran and related impacts, changes in tariff rates, natural disasters, associated potential competitive pricing actions, and our own price elasticity could affect this outlook and our future results.
Footnotes
| (1) | Organic net sales growth is a supplemental measure of net sales performance that excludes the impact of net sales attributable to the Copra acquisition as set forth in the U.S. GAAP to non-GAAP reconciliation table below. |
| (2) | Adjusted EBITDA represents earnings before interest, taxes, depreciation, and amortization as adjusted for certain items as set forth in the reconciliation table of U.S. GAAP to non-GAAP information and is a measure calculated and presented on the basis of methodologies other than in accordance with GAAP. Please refer to the Non-GAAP Financial Measures herein for further discussion and reconciliation of this measure to GAAP measures. |
| (3) | GAAP Net income 2026 outlook is not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement in foreign currency rates, as well as future charges or reversals outside of the normal course of business. |
Conference Call and Webcast Details
To participate in the live earnings call and question and answer session, please register at https://register-conf.media-server.com/register/BIb7dfca7ed24e41c7a1cd98a3f2cfb4e0 and dial-in information will be provided directly to you. The live audio webcast will be accessible in the “Events” section of the Company’s Investor Relations website at https://investors.thevitacococompany.com. An archived replay of the webcast will be available shortly after the live event has concluded.
About The Vita Coco Company
The Vita Coco Company is a family of brands on a mission to reimagine what’s possible when brands deliver healthy, nutritious, and great tasting products that are better for consumers and better for the world. This includes its flagship coconut water brand Vita Coco, and Copra, a super-premium brand that specializes in Thai Nam Hom coconut water. The Company was co-founded in 2004 by Michael Kirban and Ira Liran and is a public benefit corporation and Certified B Corporation. Vita Coco, the principal brand within the Company’s portfolio, is the leading coconut water brand in the U.S. With electrolytes and nutrients, coconut water has become a top beverage choice among consumers after a workout, in smoothies, as a cocktail mixer, after a night out and more.
Contacts
Investor Relations:
ICR, Inc.
investors@thevitacococompany.com
Non-GAAP Financial Measures
In addition to disclosing results determined in accordance with U.S. GAAP, the Company also discloses certain non-GAAP results of operations, including, but not limited to, Adjusted EBITDA, and organic net sales growth, which include certain adjustments or exclude certain charges and gains that are described in the reconciliation table of U.S. GAAP to non-GAAP information provided at the end of this release. These non-GAAP measures are a key metric used by management and our board of directors to assess our financial performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance and because we believe it is useful for investors to see the measures that management uses to evaluate the Company. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparisons of results as the items described below in the reconciliation tables do not reflect ongoing operating performance.
These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different from non-GAAP measures used by other companies. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces their usefulness as a comparative measure. Investors should not rely on any single financial measure when evaluating our business. This information should be considered as supplemental in nature and is not meant as a substitute for our operating results in accordance with U.S. GAAP. We recommend investors review the U.S. GAAP financial measures included in this earnings release. When viewed in conjunction with our U.S. GAAP results and the accompanying reconciliations, we believe these non-GAAP measures provide greater transparency and a more complete understanding of factors affecting our business than U.S. GAAP measures alone.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding our future financial and operating performance, including our GAAP and non-GAAP guidance, our strategy, projected costs, tariffs, prospects, expectations, plans, objectives of management, supply chain predictions, customer and supplier relationships, expected impact of acquisitions, and expected net sales and category share growth.
The forward-looking statements in this release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company’s control. These factors include, but are not limited to, those discussed under the caption “Risk Factors” in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and our other filings with the U.S. Securities and Exchange Commission (“SEC”) as such factors may be updated from time to time and which are accessible on the SEC’s website at www.sec.gov and the Investor Relations page of our website at https://investors.thevitacococompany.com. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Website Disclosure
We intend to use our websites, vitacoco.com and investors.thevitacococompany.com, as a means for disclosing material non-public information and for complying with the SEC’s Regulation FD and other disclosure obligations.
| THE VITA COCO COMPANY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share data) |
|||||||
| September 30, 2026 |
December 31, 2025 |
||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 151,995 | $ | 196,873 | |||
| Accounts receivable, net of allowance of $3,282 at September 30, 2026, and $2,660 at December 31, 2025 | 128,724 | 81,514 | |||||
| Inventory | 111,296 | 111,468 | |||||
| Supplier advances, current | 339 | 693 | |||||
| Derivative assets | 1,794 | 732 | |||||
| Prepaid expenses and other current assets | 39,536 | 30,160 | |||||
| Total current assets | 433,684 | 421,440 | |||||
| Property and equipment, net | 24,441 | 9,298 | |||||
| Goodwill | 110,175 | 7,791 | |||||
| Intangible assets, net | 107,116 | — | |||||
| Supplier advances, long-term | 1,593 | 1,860 | |||||
| Deferred tax assets, net | 6,627 | 6,623 | |||||
| Right-of-use assets, net | 10,337 | 11,592 | |||||
| Other assets | 2,169 | 2,714 | |||||
| Total assets | $ | 696,142 | $ | 461,318 | |||
| Liabilities and Stockholders’ Equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 46,389 | $ | 25,464 | |||
| Accrued expenses and other current liabilities | 126,632 | 89,461 | |||||
| Derivative liabilities | 2,059 | 1,507 | |||||
| Total current liabilities | 175,080 | 116,432 | |||||
| Deferred tax liability | 24,875 | 160 | |||||
| Operating lease liability, long-term | 12,119 | 13,087 | |||||
| Seller’s earn-out | 55,100 | — | |||||
| Other long-term liabilities | 240 | 97 | |||||
| Total liabilities | $ | 267,414 | $ | 129,776 | |||
| Stockholders’ equity: | |||||||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 65,396,253 and 64,186,549 shares issued at September 30, 2026 and December 31, 2025, respectively; 57,202,356 and 57,082,173 shares outstanding at September 30, 2026 and December 31, 2025, respectively. | 654 | 642 | |||||
| Additional paid-in capital | 231,578 | 185,400 | |||||
| Retained earnings | 342,956 | 228,014 | |||||
| Accumulated other comprehensive gain (loss) | (1,050 | ) | 486 | ||||
| Treasury stock, 8,193,897 shares at cost as of September 30, 2026, and 7,104,376 as of December 31, 2025. | (145,410 | ) | (83,000 | ) | |||
| Total stockholders’ equity | 428,728 | 331,542 | |||||
| Total liabilities and stockholders’ equity | $ | 696,142 | $ | 461,318 | |||
| THE VITA COCO COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except for share and per share data) |
|||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net sales | $ | 243,825 | $ | 182,313 | $ | 639,744 | $ | 481,993 | |||||||
| Cost of goods sold | 151,148 | 113,645 | 369,942 | 303,975 | |||||||||||
| Gross profit | 92,677 | 68,668 | 269,802 | 178,018 | |||||||||||
| Operating expenses | |||||||||||||||
| Selling, general and administrative | 47,226 | 40,745 | 127,629 | 105,680 | |||||||||||
| Income from operations | 45,451 | 27,923 | 142,173 | 72,338 | |||||||||||
| Other income (expense) | |||||||||||||||
| Unrealized (loss) gain on derivative instruments | (2,083 | ) | 2,391 | 511 | 6,275 | ||||||||||
| Foreign currency loss | (887 | ) | (1,411 | ) | (2,432 | ) | (349 | ) | |||||||
| Interest income, net | 1,231 | 1,776 | 5,252 | 4,794 | |||||||||||
| Other (expense) income, net | (84 | ) | — | (77 | ) | 155 | |||||||||
| Total other (expense) income | (1,823 | ) | 2,756 | 3,254 | 10,875 | ||||||||||
| Income before income taxes | 43,628 | 30,679 | 145,427 | 83,213 | |||||||||||
| Income tax expense | 8,611 | 6,676 | 30,485 | 17,420 | |||||||||||
| Net income | $ | 35,017 | $ | 24,003 | $ | 114,942 | $ | 65,793 | |||||||
| Net income attributable to The Vita Coco Company, Inc. per common share | |||||||||||||||
| Basic | $ | 0.61 | $ | 0.42 | $ | 2.01 | $ | 1.16 | |||||||
| Diluted | $ | 0.58 | $ | 0.40 | $ | 1.89 | $ | 1.10 | |||||||
| Weighted-average number of common shares outstanding | |||||||||||||||
| Basic | 57,453,252 | 56,850,812 | 57,274,270 | 56,879,627 | |||||||||||
| Diluted | 60,831,632 | 59,878,602 | 60,786,462 | 59,832,067 | |||||||||||
| THE VITA COCO COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) |
|||||||
| Nine Months Ended September 30, | |||||||
| 2026 | 2025 | ||||||
| Cash flows from operating activities: | |||||||
| Net income | $ | 114,942 | $ | 65,793 | |||
| Adjustments required to reconcile net income to cash flows from operating activities: | |||||||
| Depreciation and amortization | 2,458 | 636 | |||||
| Amortization of debt issuance cost | 14 | 11 | |||||
| Increase of provision for credit losses | 187 | 1,300 | |||||
| Unrealized (gain) on derivative instruments | (511 | ) | (6,275 | ) | |||
| Stock-based compensation | 11,338 | 8,123 | |||||
| Impairment loss on Runa assets | — | 185 | |||||
| Noncash lease expense | 1,242 | 1,052 | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (42,801 | ) | (39,706 | ) | |||
| Inventory | 33,259 | (302 | ) | ||||
| Prepaid expenses, net supplier advances, and other assets | (7,236 | ) | 345 | ||||
| Accounts payable, accrued expenses, and other liabilities | 39,050 | 19,907 | |||||
| Net cash provided by operating activities | 151,942 | 51,069 | |||||
| Cash flows from investing activities: | |||||||
| Cash paid for property and equipment | (803 | ) | (4,921 | ) | |||
| Acquisition of Copra Inc., net of $8,340 cash acquired | (139,253 | ) | — | ||||
| Net cash used in investing activities | (140,056 | ) | (4,921 | ) | |||
| Cash flows from financing activities: | |||||||
| Proceeds from exercise of stock awards | 6,131 | 2,281 | |||||
| Cash paid on notes payable | (3 | ) | (8 | ) | |||
| Cash paid to acquire treasury stock | (62,410 | ) | (10,204 | ) | |||
| Net cash used in financing activities | (56,282 | ) | (7,931 | ) | |||
| Effects of exchange rate changes on cash and cash equivalents | (475 | ) | 833 | ||||
| Net (decrease) increase in cash and cash equivalents | (44,871 | ) | 39,050 | ||||
| Cash, cash equivalents and restricted cash at beginning of the period (1) | 198,154 | 165,933 | |||||
| Cash, cash equivalents and restricted cash at end of the period (1) | $ | 153,283 | 204,983 | ||||
1 Includes $1,281 and $1,264 of restricted cash as of December 31, 2025 and 2024, respectively. Includes $1,288 and $1,278 of restricted cash as of September 30, 2026 and 2025, respectively, reported in other current assets on the condensed consolidated balance sheet.
During the nine months ended September 30, 2026, the Company issued common stock with a fair value of $35,000 and recognized contingent consideration with a fair value of $55,100 in connection with the acquisition of Copra. These transactions are reflected as noncash investing and financing activities.
| RECONCILIATION FROM GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDA |
|||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| (in thousands) | (in thousands) | ||||||||||||||
| Net income | 35,017 | 24,003 | $ | 114,942 | $ | 65,793 | |||||||||
| Depreciation and amortization | 1,493 | 228 | 2,458 | 636 | |||||||||||
| Interest income, net | (1,231 | ) | (1,776 | ) | (5,252 | ) | (4,794 | ) | |||||||
| Income tax expense | 8,611 | 6,676 | 30,485 | 17,420 | |||||||||||
| EBITDA | $ | 43,890 | $ | 29,131 | $ | 142,633 | $ | 79,055 | |||||||
| Stock-based compensation (a) | 3,122 | 2,975 | 11,338 | 8,123 | |||||||||||
| Unrealized loss (gain) on derivative instruments (b) | 2,083 | (2,391 | ) | (511 | ) | (6,275 | ) | ||||||||
| Foreign currency loss (b) | 887 | 1,411 | 2,432 | 349 | |||||||||||
| Acquisition-related costs (c) | 3,174 | — | 3,174 | — | |||||||||||
| Other adjustments (d) | — | 1,264 | — | 2,886 | |||||||||||
| Adjusted EBITDA | $ | 53,156 | $ | 32,390 | $ | 159,066 | $ | 84,138 | |||||||
| (a) | Non-cash charges related to stock-based compensation, which vary from period to period depending on volume and vesting timing of awards and forfeitures. We adjusted for these charges to facilitate comparison from period to period. |
| (b) | Unrealized gains or losses on derivative instruments and foreign currency gains or losses are not considered in our evaluation of our ongoing performance. |
| (c) | Acquisition-related costs represent transaction, advisory, legal, accounting, valuation, and other professional fees incurred in connection with the acquisition of Copra. |
| (d) | The three and nine months ended September 30, 2025 included $0.6 million and $1.8 million, respectively, related to a one-time incentive program established in 2023 and measured based on full-year 2025 performance, and $0.4 million and $1.1 million, respectively, of overlapping rent expense associated with our new New York City office, and $0.2 million of impairment loss related to the sale of Runa. The three months ended September 30, 2025 also includes $0.1 million of provision for credit losses related to the partially recovered prepaid inventory from a supplier recorded in the first half of 2025 (refer to the Form 10-K and the Form 10-Q for the quarterly period ended June 30, 2025 for further details). The nine month period was partially offset by $0.1 million of partial recoveries of prepaid inventory from a supplier (refer to the Form 10-K for further details) and a $0.2 million gain from a sale of intellectual property. |
| RECONCILIATION FROM GAAP NET SALES GROWTH TO NON-GAAP ORGANIC NET SALES GROWTH |
|||||
| Three Months Ended September 30, 2026 |
Nine Months Ended September 30, 2026 |
||||
| Net sales growth | 33.7 | % | 32.7 | % | |
| Impact of Copra acquisition | 16.0 | % | 6.0 | % | |
| Organic net sales growth | 17.8 | % | 26.7 | % | |
SUPPLEMENTAL INFORMATION
| NET SALES | |||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||
| (in thousands) | 2026 | 2025 | 2026 | 2025 | |||||||
| Americas segment | |||||||||||
| Vita Coco Coconut Water | $ | 143,276 | $ | 132,438 | $ | 399,231 | $ | 339,006 | |||
| Private Label | 46,495 | 14,360 | 97,795 | 50,242 | |||||||
| Other | 8,786 | 4,926 | 22,162 | 17,037 | |||||||
| Subtotal | $ | 198,557 | $ | 151,724 | $ | 519,188 | $ | 406,285 | |||
| International segment | |||||||||||
| Vita Coco Coconut Water | $ | 34,363 | $ | 21,939 | $ | 88,645 | $ | 54,998 | |||
| Private Label | 10,297 | 8,137 | 30,462 | 19,118 | |||||||
| Other | 608 | 513 | 1,449 | 1,592 | |||||||
| Subtotal | $ | 45,268 | $ | 30,589 | $ | 120,556 | $ | 75,708 | |||
| Total net sales | $ | 243,825 | $ | 182,313 | $ | 639,744 | $ | 481,993 | |||
| COST OF GOODS SOLD & GROSS PROFIT | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| (in thousands) | 2026 | 2025 | 2026 | 2025 | |||||||||||
| Cost of goods sold | |||||||||||||||
| Americas segment | $ | 122,824 | $ | 93,859 | $ | 293,240 | $ | 255,062 | |||||||
| International segment | 28,324 | 19,786 | 76,702 | 48,913 | |||||||||||
| Total cost of goods sold | $ | 151,148 | $ | 113,645 | $ | 369,942 | $ | 303,975 | |||||||
| Gross profit | |||||||||||||||
| Americas segment | $ | 75,732 | $ | 57,866 | $ | 225,948 | $ | 151,224 | |||||||
| International segment | 16,945 | 10,802 | 43,854 | 26,794 | |||||||||||
| Total gross profit | $ | 92,677 | $ | 68,668 | $ | 269,802 | $ | 178,018 | |||||||
| Gross margin | |||||||||||||||
| Americas segment | 38.1 | % | 38.1 | % | 43.5 | % | 37.2 | % | |||||||
| International segment | 37.4 | % | 35.3 | % | 36.4 | % | 35.4 | % | |||||||
| Consolidated | 38.0 | % | 37.7 | % | 42.2 | % | 36.9 | % | |||||||
| VOLUME (CE) | ||||||||
| Percentage Change – Three Months Ended September 30, 2026 vs. 2025 | ||||||||
| Americas segment | International segment | Total | ||||||
| Vita Coco Coconut Water | 8.5 | % | 50.5 | % | 15.8 | % | ||
| Private Label | 109.9 | % | 23.1 | % | 76.7 | % | ||
| Other | 34.9 | % | 108.7 | % | 35.8 | % | ||
| Subtotal | 22.5 | % | 42.1 | % | 26.5 | % | ||
| Percentage Change – Nine Months Ended September 30, 2026 vs. 2025 | ||||||||
| Americas segment | International segment | Total | ||||||
| Vita Coco Coconut Water | 13.2 | % | 52.5 | % | 19.7 | % | ||
| Private Label | 63.4 | % | 48.8 | % | 58.9 | % | ||
| Other | 16.6 | % | (14.2 | )% | 15.8 | % | ||
| Subtotal | 21.2 | % | 51.0 | % | 26.8 | % | ||
Note: A CE is a standard volume measure used by management which is defined as a case of 12 bottles of 330ml liquid beverages or the same liter volume of oil. We may have immaterial sales of raw materials at times that are treated as zero CEs for the purposes of these calculations.
BERLIN, Oct. 22, 2026 (GLOBE NEWSWIRE) — Schneider Electric, a global energy technology leader, today announced a strategic collaboration with NVIDIA and HPE to accelerate the adoption of Physical AI across process and heavy industries.
While much of today’s Physical AI conversation is focused on robotics, humanoids and autonomous machines, process industries face a distinctly different challenge. Operators must manage complex, continuous operations where reliability, safety, cybersecurity and energy efficiency are critical to performance. Yet until now, there has been no clear blueprint for how Physical AI can be practically applied across these complex environments.
Schneider Electric, NVIDIA & HPE share a vision to bring AI closer to industrial operations, embedding intelligence directly within the environments where decisions are made and value is created. As an initial demonstration of this vision, the companies are today introducing Industrial AI Agents at the Edge.
The solution combines HPE Private Cloud AI, co-engineered with NVIDIA within the HPE AI Factory with NVIDIA portfolio Schneider Electric’s deep operational technology expertise to enable organizations to securely deploy and scale AI applications at the industrial edge, bringing real-time intelligence closer to critical operations while maintaining control over sensitive data, security and costs.
Many industrial organizations continue to face challenges when scaling AI across operational environments. Requirements around data governance, cybersecurity, operational performance and AI deployment can create barriers to broader adoption. By operating at the edge, the solution helps address three challenges that continue to limit industrial AI at scale:
Through Schneider Electric’s EcoStruxure Industrial Insights apps customers can deploy, manage and govern multiple Industrial AI Agents through a single environment, simplifying lifecycle management, security oversight and maintaining full control of critical operations and infrastructure.
The first Industrial AI Agents focus on operational technology monitoring, cybersecurity and energy optimization. Their practical application can already be seen in industrial environments with companies such as CMPC Chile.
Operational Technology Monitoring System in Production: CMPC
The foundation for this next step is already proven at CMPC Chile, part of Empresas CMPC S.A., one of Latin America’s largest pulp, paper and packaging producers. For the past three years, CMPC Chile has used Schneider Electric’s OTMS in production to monitor the health and availability of control systems across its continuous pulp and paper operations.
OTMS provides CMPC’s teams with a unified view of control systems, servers, workstations and switches, helping specialists identify emerging issues earlier, diagnose problems faster and establish clearer maintenance priorities. This proven deployment demonstrates the value of OTMS as a control-system monitoring solution and provides a strong operational foundation for the future introduction of Industrial AI Agents, with the potential to accelerate investigation and decision-making while keeping people in control of critical action.
The first three Industrial AI Agents at the edge
“The next generation of industrial innovation will be driven by intelligence embedded directly into industrial operations,” said Gwenaelle Huet, Executive Vice President, Industrial Automation, Schneider Electric. “While much of today’s focus is on autonomous machines, we see a significant opportunity to apply Physical AI to the industrial systems that power the world’s critical industries. Together with NVIDIA and HPE, we are bringing together expertise in automation, AI and edge computing to help customers transform operational data into action, improving resilience, efficiency, cybersecurity and sustainability while laying the foundation for more autonomous industrial operations.”
“Industrial operations generate vast amounts of data, but turning that data into action remains one of industry’s biggest challenges. By combining NVIDIA Nemotron™ open AI models and HPE Private Cloud AI, a turnkey AI factory solution, with Schneider Electric’s industrial expertise and OTMS platform, Industrial AI Agents can monitor, reason and optimize operations in real time, accelerating the path to Physical AI for process industries,” commented Sri Kodali, Global Head of Developer Relations – Energy and Utilities at NVIDIA.
“Industrial organizations see real opportunities to use AI, and they want to be sure their sensitive data and critical systems will remain protected. Through our collaboration with NVIDIA and Schneider Electric, we’re helping customers use HPE Private Cloud AI to bring AI closer to where their data is generated and decisions are made. This gives customers a way to expand AI use across their facilities while maintaining the security, privacy and control their businesses require,” said Alexia Clements, SVP, Hybrid Cloud Solution Sales at HPE.
“For the past three years, OTMS has helped us improve visibility into the health and availability of our control systems. In continuous industrial operations, identifying issues early is critical to protecting production and avoiding costly disruption. Looking ahead, we see significant potential for AI Agents to build on this proven foundation, helping our specialists investigate issues faster and move more effectively from insight to action, while keeping people in control of critical decisions,” said Matías Jory, Digital & Process Manager, Industrial Operations Vice-Presidency, CMP.
Together, Schneider Electric, NVIDIA and HPE are creating the foundation for the next generation of industrial operations, where intelligent systems can continuously monitor, reason and optimize performance. Over time, these capabilities will help automate the automation, enabling safer, more efficient and increasingly autonomous operations across process industries.
Press contact: mediarelations@se.com
About Schneider Electric
Schneider Electric is a global energy technology leader, driving efficiency and sustainability by electrifying, automating, and digitalizing industries, businesses, and homes. Its technologies enable buildings, data centers, factories, infrastructure, and grids to operate as open, interconnected ecosystems, enhancing performance, resilience, and sustainability. The portfolio includes intelligent devices, software-defined architectures, AI-powered systems, digital services, and expert advisory. With 160,000 employees and 1 million partners in over 100 countries, Schneider Electric is consistently ranked among the world’s most sustainable companies.
Learn more about Advancing Energy Tech on Schneider Electric Insights.
BRAMPTON, Ontario, Oct. 22, 2026 (GLOBE NEWSWIRE) — Loblaw Companies Limited (TSX: L) announced today that it will release its 2026 third quarter results on November 19, 2026, at approximately 6:30 a.m. (ET). The release will be followed by a conference call at 10:00 a.m. (ET), as well as an audio webcast.
To access via audio webcast please go to the “Investor” section of loblaw.ca and note that pre-registration will be available. Alternatively, please dial (647) 932-3411 or Toll-Free (800) 715-9871. Following the live event, the webcast will be archived and available to replay for 12 months.
About Loblaw Companies Limited
Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 corporate franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers.
Loblaw’s purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company’s stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,100 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart® and Pharmaprix® locations and in close to 500 grocery stores; PC Financial® services; Joe Fresh® fashion and family apparel; and four of Canada’s top-consumer brands in Life Brand®, Farmer’s MarketTM, no name® and President’s Choice®.
For more information, visit Loblaw’s website at www.loblaw.ca and Loblaw’s issuer profile at www.sedarplus.ca.
Media Enquiries, contact:
Scott Bonikowsky
Loblaw Companies Limited, Senior-Vice President Corporate Affairs and Communications
pr@loblaw.ca
Investors Enquiries, contact:
Roy MacDonald
Loblaw Companies Limited, Vice President Investor Relations
investor@loblaw.ca
BETHESDA, Md., Oct. 22, 2026 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ:LQDT), the leading global provider of e-commerce marketplaces and software solutions powering the circular economy, today announced that it expects to report its fourth quarter and fiscal year 2026 results prior to market open on Thursday, November 19, 2026. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time.
To participate in the conference call, please register here to receive the dial-in number and unique conference pin. A listen-only live webcast of the conference call will also be provided on the Company’s investor relations site.
An archive of the webcast will be available on the Company’s website until November 19, 2027. To listen to the replay, visit the Liquidity Services investor relations site. The replay will be available starting at 1:30 PM Eastern Time on the day of the call.
About Liquidity Services
Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $15 billion in completed transactions to more than six million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.
Contact:
Liquidity Services
Investor Relations
InvestorRelations@LiquidityServices.com
COLUMBUS, Ohio, Oct. 22, 2026 (GLOBE NEWSWIRE) — Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s Net principal loss rate and Delinquency rate for the periods indicated:
| For the month ended September 30, 2026 |
For the three months ended September 30, 2026 |
||||||
| (dollars in millions) | |||||||
| End-of-period credit card and other loans | $ | 18,850 | $ | 18,850 | |||
| Average credit card and other loans | $ | 18,740 | $ | 18,591 | |||
| Year-over-year change in average credit card and other loans | 6.4 | % | 5.7 | % | |||
| Net principal losses | $ | 92 | $ | 300 | |||
| Net principal loss rate | 5.99 | % | 6.40 | % | |||
| As of September 30, 2026 |
As of September 30, 2025 |
||||||
| (dollars in millions) | |||||||
| 30 days + delinquencies – principal | $ | 923 | $ | 963 | |||
| Period ended credit card and other loans – principal | $ | 16,584 | $ | 15,928 | |||
| Delinquency rate | 5.57 | % | 6.04 | % | |||
About Bread Financial®
Bread Financial®(NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions deliver growth for some of the most recognized brands in travel and entertainment, specialty apparel, health and beauty, jewelry, sporting goods, technology and electronics, as well as home and furniture through our co-brand and private label credit cards and pay-over-time products providing choice and value to our shared customers. Additionally, we offer Bread Financial general purpose credit cards and saving products that empower our customers and their passions for a better life.
Bread Financial proudly marks 30 years of success in 2026. To learn more about our global associates, our performance and our sustainability progress, visit breadfinancial.com or follow us on Instagram and LinkedIn.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, future dividend declarations, and future economic conditions.
We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including inflation, interest rates, labor market conditions, financial and capital market conditions, recessionary pressures or concerns over a prolonged economic slowdown, and the related impact on consumer spending behavior, payments, debt levels, savings rates and other behaviors; domestic and international political events and conditions, including significant shifts in trade policy, such as changes to, or the imposition of, tariffs and/or trade barriers and consequently any economic impacts, volatility, uncertainty and geopolitical instability resulting therefrom, as well as ongoing wars and military conflicts, and international tensions or hostilities; local or global public health issues, climate-related events, impacts to the power grid, and natural disasters; future credit performance, including the level of future delinquency and charge-off rates; loss of, or reduction in demand for services and/or products from, significant brand partners or customers in the highly competitive markets in which we operate, including competition from new and non-traditional competitors, such as financial technology companies, and with respect to new products, services and technologies, such as the emergence or increase in popularity of agentic commerce, digital payment platforms and currencies and other alternative payment and deposit solutions; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including our credit risk management models and the amount of our Allowance for credit losses; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives; our level of indebtedness and ability to access financial or capital markets; pending and future federal and state legislation, executive action, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions that would place limits on credit card interest rates or late fees, interchange fees or other charges; failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise; and any liability or other adverse impacts arising out of or related to the spinoff of our former LoyaltyOne segment or the bankruptcy filings of Loyalty Ventures Inc. (LVI) and certain of its subsidiaries, including the pending litigation against us in connection with the spinoff. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
Contacts
Brian Vereb — Investor Relations
Brian.Vereb@breadfinancial.com
Susan Haugen — Investor Relations
Susan.Haugen@breadfinancial.com
Rachel Stultz — Media
Rachel.Stultz@breadfinancial.com
Increases full year DEPS guidance
SARASOTA, Fla., Oct. 22, 2026 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the third quarter ended September 30, 2026.
Third quarter 2026 highlights
“Roper delivered another solid quarter, with 8% total revenue growth, 7% organic revenue growth, 7% EBITDA growth, and 15% adjusted DEPS growth. During the quarter, we deployed $436 million toward three bolt-on acquisitions for our iPipeline, Procare, and Strata businesses, and we received $1.2 billion in proceeds from Indicor’s sale of its instrumentation businesses,” said Neil Hunn, Roper Technologies’ President and CEO.
“This quarter, our businesses again brought several AI launches to market, highlighted by PowerPlan, Strata, and Vertafore. We are embedding agentic solutions directly into the workflows our customers rely on every day, and we are also evolving how we build, with smaller teams closer to customers and increasingly agentic development processes. Given the depth of our customer relationships, our proprietary and unique data sets, and our embedded position inside mission-critical workflows, we are well positioned to create value for customers with AI. We are laser focused on scaling adoption while continuing to accelerate innovation.”
“Driven by third quarter adjusted DEPS that exceeded our expectations, we are raising our full year adjusted DEPS guidance. With more than $6 billion of capital deployment capacity, we will continue allocating capital with discipline to drive free cash flow per share compounding for our shareholders,” concluded Mr. Hunn.
Increasing 2026 guidance
Roper now expects full year 2026 adjusted DEPS of $22.35 – $22.40, compared to previous guidance of $22.15 – $22.30.
For the fourth quarter of 2026, the Company expects adjusted DEPS of $5.95 – $6.00.
The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures, proceeds from Indicor’s pending divestiture of its Cornell Pump and Roper Pump businesses, as well as potential share repurchases.
Conference call to be held at 8:00 AM (ET) today
A conference call to discuss these results has been scheduled for 8:00 AM ET on Thursday, October 22, 2026. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 80101. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 80101 #.
Use of non-GAAP financial information
The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.
Minority interest
Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as “equity investment (gain) loss, net.” Roper makes non-GAAP adjustments for the impacts associated with this investment.
| Table 1: Revenue and adjusted EBITDA reconciliation ($M) | ||||||||||
| Q3 2025 | Q3 2026 | V % | ||||||||
| GAAP revenue | $ | 2,017 | $ | 2,172 | 8 | % | ||||
| Components of revenue growth | ||||||||||
| Organic | 7 | % | ||||||||
| Acquisitions | 1 | % | ||||||||
| Foreign exchange | — | % | ||||||||
| Total revenue growth | 8 | % | ||||||||
| Adjusted EBITDA reconciliation | ||||||||||
| GAAP net earnings | $ | 398 | $ | 485 | ||||||
| Taxes | 100 | 87 | ||||||||
| Interest expense | 90 | 107 | ||||||||
| Depreciation | 10 | 10 | ||||||||
| Amortization | 221 | 225 | ||||||||
| EBITDA | $ | 819 | $ | 914 | 12 | % | ||||
| Transaction-related expenses for completed acquisitions |
4 | 6 | ||||||||
| Financial impacts associated with minority investments |
(13 | ) | (56 | ) | A | |||||
| Adjusted EBITDA | $ | 810 | $ | 864 | 7 | % | ||||
| Adjusted EBITDA margin | 40.2 | % | 39.8 | % | (40 bps) | |||||
| Table 2: Adjusted net earnings reconciliation ($M) | ||||||||||
| Q3 2025 | Q3 2026 | V % | ||||||||
| GAAP net earnings | $ | 398 | $ | 485 | 22 | % | ||||
| Transaction-related expenses for completed acquisitions |
3 | 5 | ||||||||
| Financial impacts associated with minority investments |
(10 | ) | (71 | ) | A | |||||
| Amortization of acquisition-related intangible assets |
165 | 167 | B | |||||||
| Adjusted net earnings C | $ | 557 | $ | 586 | 5 | % | ||||
| Table 3: Adjusted DEPS reconciliation | ||||||||||
| Q3 2025 | Q3 2026 | V % | ||||||||
| GAAP DEPS | $ | 3.68 | $ | 4.88 | 33 | % | ||||
| Transaction-related expenses for completed acquisitions |
0.03 | 0.05 | ||||||||
| Financial impacts associated with minority investments |
(0.09 | ) | (0.71 | ) | A | |||||
| Amortization of acquisition-related intangible assets |
1.53 | 1.68 | B | |||||||
| Adjusted DEPS C | $ | 5.14 | $ | 5.89 | 15 | % | ||||
| Table 4: Forecasted adjusted DEPS reconciliation | |||||||||||||
| Q4 2026 | FY 2026 D | ||||||||||||
| Low end | High end | Low end | High end | ||||||||||
| GAAP DEPS E | $ | 4.27 | $ | 4.32 | $ | 25.60 | $ | 25.65 | |||||
| YTD transaction-related expenses for completed acquisitions |
— | — | 0.05 | 0.05 | |||||||||
| YTD financial impacts associated with the minority investment in Indicor A |
TBD | TBD | (9.86 | ) | (9.86 | ) | |||||||
| Amortization of acquisition-related intangible assets B |
1.68 | 1.68 | 6.56 | 6.56 | |||||||||
| Adjusted DEPS C | $ | 5.95 | $ | 6.00 | $ | 22.35 | $ | 22.40 | |||||
Footnotes:
| A. | Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any future impacts associated with our minority investment in Indicor, as these future impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods. | |||||||||||||||
| Q3 2026A | Q4 2026E | FY 2026E | YTD 2026 | |||||||||||||
| Pretax | $ | (56 | ) | TBD | TBD | $ | (1,059 | ) | ||||||||
| After-tax | $ | (71 | ) | TBD | TBD | $ | (996 | ) | ||||||||
| Per share | $ | (0.71 | ) | TBD | TBD | $ | (9.86 | ) | ||||||||
| B. | Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). | |||||||||||||||
| Q3 2026A | Q4 2026E | FY 2026E | ||||||||||||||
| Pretax | $ | 212 | $ | 212 | $ | 839 | ||||||||||
| After-tax | $ | 167 | $ | 168 | $ | 663 | ||||||||||
| Per share | $ | 1.68 | $ | 1.68 | $ | 6.56 | ||||||||||
| C. | All actual and forecasted non-GAAP adjustments are taxed at 21% with the exception of the financial impacts associated with minority investments. | |||||||||||||||
| D. | Full-year 2026 DEPS guidance will not equal the sum of the quarters due primarily to the impact of share repurchases on quarterly versus full-year weighted-average diluted shares outstanding. | |||||||||||||||
| E. | Forecasted GAAP DEPS do not include any future impacts associated with our minority investment in Indicor. These impacts will be excluded from all non-GAAP results in future periods. | |||||||||||||||
Note: Numbers may not foot due to rounding.
About Roper Technologies
Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 500. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.
Contact information:
Investor Relations
941-556-2601
investor-relations@ropertech.com
The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as “anticipate,” “estimate,” “plans,” “expects,” “projects,” “should,” “will,” “believes,” “intends” and similar words and phrases. These statements reflect management’s current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto, and our ability to develop, deploy, and use artificial intelligence in our platforms and offerings. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and volatile interest rates, changes in foreign exchange rates, risks related to changing U.S. and foreign trade policies, including increased trade restrictions or tariffs, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of inflation and potential supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
| Roper Technologies, Inc. | |||||||
| Condensed Consolidated Balance Sheets (unaudited) | |||||||
| (Amounts in millions) | |||||||
| September 30, 2026 | December 31, 2025 | ||||||
| ASSETS: | |||||||
| Cash and cash equivalents | $ | 311.0 | $ | 297.4 | |||
| Accounts receivable, net | 981.1 | 1,001.0 | |||||
| Inventories, net | 153.3 | 141.7 | |||||
| Income taxes receivable | 56.7 | 128.2 | |||||
| Unbilled receivables | 152.6 | 124.0 | |||||
| Prepaid expenses and other current assets | 291.6 | 235.8 | |||||
| Total current assets | 1,946.3 | 1,928.1 | |||||
| Property, plant and equipment, net | 158.4 | 156.9 | |||||
| Goodwill | 21,555.0 | 21,341.2 | |||||
| Other intangible assets, net | 9,455.7 | 9,764.2 | |||||
| Deferred taxes | 69.0 | 73.3 | |||||
| Equity investment | 577.0 | 796.3 | |||||
| Other assets | 576.9 | 517.0 | |||||
| Total assets | $ | 34,338.3 | $ | 34,577.0 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | |||||||
| Accounts payable | $ | 176.3 | $ | 150.3 | |||
| Accrued compensation | 288.9 | 293.0 | |||||
| Deferred revenue | 1,889.3 | 1,906.8 | |||||
| Other accrued liabilities | 590.1 | 642.3 | |||||
| Income taxes payable | 211.5 | 28.0 | |||||
| Current portion of long-term debt, net | 1,415.1 | 705.2 | |||||
| Total current liabilities | 4,571.2 | 3,725.6 | |||||
| Long-term debt, net of current portion | 8,304.6 | 8,595.8 | |||||
| Deferred taxes | 1,785.2 | 1,883.1 | |||||
| Other liabilities | 504.7 | 491.0 | |||||
| Total liabilities | 15,165.7 | 14,695.5 | |||||
| Common stock, 350.0 shares authorized; 109.5 shares issued and 99.0 outstanding at September 30, 2026 and 109.3 shares issued and 106.6 outstanding at December 31, 2025 | 1.1 | 1.1 | |||||
| Additional paid-in capital | 3,473.3 | 3,292.2 | |||||
| Retained earnings | 19,091.2 | 17,205.7 | |||||
| Accumulated other comprehensive loss | (138.2 | ) | (101.4 | ) | |||
| Treasury stock, 10.5 shares at September 30, 2026 and 2.7 shares at December 31, 2025 | (3,254.8 | ) | (516.1 | ) | |||
| Total stockholders’ equity | 19,172.6 | 19,881.5 | |||||
| Total liabilities and stockholders’ equity | $ | 34,338.3 | $ | 34,577.0 | |||
| Roper Technologies, Inc. | |||||||||||||||
| Condensed Consolidated Statements of Earnings (unaudited) | |||||||||||||||
| (Amounts in millions, except per share data) | |||||||||||||||
| Three months ended September 30, |
Nine months ended September 30, |
||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net revenues | $ | 2,171.8 | $ | 2,017.5 | $ | 6,376.0 | $ | 5,843.9 | |||||||
| Cost of sales | 649.2 | 614.5 | 1,929.4 | 1,801.8 | |||||||||||
| Gross profit | 1,522.6 | 1,403.0 | 4,446.6 | 4,042.1 | |||||||||||
| Selling, general and administrative expenses | 899.4 | 830.0 | 2,669.1 | 2,395.0 | |||||||||||
| Income from operations | 623.2 | 573.0 | 1,777.5 | 1,647.1 | |||||||||||
| Interest expense, net | 106.7 | 89.7 | 317.4 | 231.7 | |||||||||||
| Equity investment (gain) loss, net | (56.2 | ) | (12.9 | ) | (1,058.7 | ) | 14.9 | ||||||||
| Other (income) expense, net | 0.6 | (2.0 | ) | 3.7 | (1.0 | ) | |||||||||
| Earnings before income taxes | 572.1 | 498.2 | 2,515.1 | 1,401.5 | |||||||||||
| Income taxes | 87.4 | 99.7 | 353.0 | 293.6 | |||||||||||
| Net earnings | $ | 484.7 | $ | 398.5 | $ | 2,162.1 | $ | 1,107.9 | |||||||
| Net earnings per share: | |||||||||||||||
| Basic | $ | 4.90 | $ | 3.70 | $ | 21.36 | $ | 10.31 | |||||||
| Diluted | $ | 4.88 | $ | 3.68 | $ | 21.30 | $ | 10.23 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 98.9 | 107.6 | 101.2 | 107.5 | |||||||||||
| Diluted | 99.4 | 108.4 | 101.5 | 108.3 | |||||||||||
| Roper Technologies, Inc. | |||||||||||||||||||||||
| Selected Segment Financial Data (unaudited) | |||||||||||||||||||||||
| (Amounts in millions; percentages of net revenues) | |||||||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Amount | % | Amount | % | Amount | % | Amount | % | ||||||||||||||||
| Net revenues: | |||||||||||||||||||||||
| Application Software | $ | 1,239.7 | $ | 1,161.0 | $ | 3,612.0 | $ | 3,324.1 | |||||||||||||||
| Network Software | 446.1 | 413.4 | 1,304.6 | 1,174.7 | |||||||||||||||||||
| Technology Enabled Products | 486.0 | 443.1 | 1,459.4 | 1,345.1 | |||||||||||||||||||
| Total | $ | 2,171.8 | $ | 2,017.5 | $ | 6,376.0 | $ | 5,843.9 | |||||||||||||||
| Gross profit: | |||||||||||||||||||||||
| Application Software | $ | 865.5 | 69.8 | % | $ | 801.0 | 69.0 | % | $ | 2,511.8 | 69.5 | % | $ | 2,275.1 | 68.4 | % | |||||||
| Network Software | 378.0 | 84.7 | % | 346.9 | 83.9 | % | 1,101.8 | 84.5 | % | 983.3 | 83.7 | % | |||||||||||
| Technology Enabled Products | 279.1 | 57.4 | % | 255.1 | 57.6 | % | 833.0 | 57.1 | % | 783.7 | 58.3 | % | |||||||||||
| Total | $ | 1,522.6 | 70.1 | % | $ | 1,403.0 | 69.5 | % | $ | 4,446.6 | 69.7 | % | $ | 4,042.1 | 69.2 | % | |||||||
| Operating profit*: | |||||||||||||||||||||||
| Application Software | $ | 357.6 | 28.8 | % | $ | 323.0 | 27.8 | % | $ | 1,000.8 | 27.7 | % | $ | 894.4 | 26.9 | % | |||||||
| Network Software | 189.6 | 42.5 | % | 178.1 | 43.1 | % | 540.0 | 41.4 | % | 514.1 | 43.8 | % | |||||||||||
| Technology Enabled Products | 160.7 | 33.1 | % | 150.2 | 33.9 | % | 480.8 | 32.9 | % | 467.9 | 34.8 | % | |||||||||||
| Total | $ | 707.9 | 32.6 | % | $ | 651.3 | 32.3 | % | $ | 2,021.6 | 31.7 | % | $ | 1,876.4 | 32.1 | % | |||||||
| * Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $84.7 and $78.3 for the three months ended September 30, 2026 and 2025, respectively, and $244.1 and $229.3 for the nine months ended September 30, 2026 and 2025, respectively. | |||||||||||||||||||||||
| Roper Technologies, Inc. | |||||||
| Condensed Consolidated Statements of Cash Flows (unaudited) | |||||||
| (Amounts in millions) | |||||||
| Nine months ended September 30, | |||||||
| 2026 | 2025 | ||||||
| Cash flows from operating activities: | |||||||
| Net earnings | $ | 2,162.1 | $ | 1,107.9 | |||
| Adjustments to reconcile net earnings to cash flows from operating activities: | |||||||
| Depreciation and amortization of property, plant and equipment | 30.4 | 29.9 | |||||
| Amortization of intangible assets | 666.3 | 638.0 | |||||
| Amortization of deferred financing costs | 9.3 | 8.6 | |||||
| Non-cash stock compensation | 163.9 | 128.7 | |||||
| Equity investment (gain) loss, net | (1,058.7 | ) | 14.9 | ||||
| Income tax provision | 353.0 | 293.6 | |||||
| Changes in operating assets and liabilities, net of acquired businesses: | |||||||
| Accounts receivable | 22.9 | (0.5 | ) | ||||
| Unbilled receivables | (28.2 | ) | (7.2 | ) | |||
| Inventories | (12.6 | ) | (18.2 | ) | |||
| Prepaid expenses and other current assets | (48.7 | ) | (27.9 | ) | |||
| Accounts payable | 26.2 | 13.2 | |||||
| Other accrued liabilities | (57.2 | ) | (48.9 | ) | |||
| Deferred revenue | (36.9 | ) | 28.5 | ||||
| Cash taxes paid for gain on disposal of equity investment | — | (30.2 | ) | ||||
| Cash income taxes paid, excluding tax associated with gain on disposal of equity investment | (283.7 | ) | (307.6 | ) | |||
| Other, net | (25.9 | ) | (20.5 | ) | |||
| Cash provided by operating activities | 1,882.2 | 1,802.3 | |||||
| Cash flows from (used in) investing activities: | |||||||
| Acquisitions of businesses, net of cash acquired | (463.2 | ) | (3,280.4 | ) | |||
| Capital expenditures | (35.4 | ) | (37.6 | ) | |||
| Capitalized software expenditures | (46.8 | ) | (42.8 | ) | |||
| Distributions from equity investment | 6.7 | 5.1 | |||||
| Proceeds from Indicor transaction | 1,239.2 | — | |||||
| Cash receipts on beneficial interest in sold receivables | 15.2 | — | |||||
| Other, net | 0.3 | 1.7 | |||||
| Cash provided by (used in) investing activities | 716.0 | (3,354.0 | ) | ||||
| Cash flows from (used in) financing activities: | |||||||
| Proceeds from senior notes | — | 2,000.0 | |||||
| Payments of senior notes | — | (700.0 | ) | ||||
| Borrowings under revolving credit facility, net | 400.0 | 585.0 | |||||
| Debt issuance costs | (3.9 | ) | (19.5 | ) | |||
| Cash dividends to stockholders | (281.4 | ) | (266.0 | ) | |||
| Repurchases of common stock | (2,726.7 | ) | — | ||||
| Proceeds from stock-based compensation, net | 19.3 | 79.4 | |||||
| Treasury stock sales under employee stock purchase plan | 12.7 | 17.4 | |||||
| Other, net | 9.1 | (42.0 | ) | ||||
| Cash provided by (used in) financing activities | (2,570.9 | ) | 1,654.3 | ||||
| Effect of exchange rate changes on cash | (13.7 | ) | 29.2 | ||||
| Net increase in cash and cash equivalents | 13.6 | 131.8 | |||||
| Cash and cash equivalents, beginning of period | 297.4 | 188.2 | |||||
| Cash and cash equivalents, end of period | $ | 311.0 | $ | 320.0 | |||
