SHARPE
Reported results
- Third quarter 2026 revenue was $330.2 million.
- Gross margin was 21.0% and non-GAAP Adjusted gross margin was 22.8% for the third quarter of 2026.
- Net loss to common stockholders was $7.9 million, or $0.05 net loss per basic and diluted common share, for the third quarter of 2026.
- Non-GAAP Adjusted EBITDA was $32.1 million for the third quarter of 2026.
- Non-GAAP Adjusted net income per diluted common share was $0.06 for the third quarter of 2026.
Guidance
- For the full year ending December 31, 2026, revenue is expected to be in the range of $1.34 billion to $1.40 billion.
- For the full year ending December 31, 2026, Adjusted EBITDA is expected to be in the range of $190 million to $210 million.
- For the full year ending December 31, 2026, Adjusted net income per common share is expected to be in the range of $0.57 to $0.69.
- Full-year 2026 Adjusted Gross Margin is expected to be approximately 27%.
- For the quarter ending December 31, 2026, revenue is expected to be in the range of $445 million to $505 million.
Price and volatility reaction
The stock moved +14.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -52.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 4.64 | 2026-11-03 |
| Close after release | 5.33 | 2026-11-04 |
| Realised move | +14.9% | close to close |
| 30d ATM IV change | -52.5 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-04 (8-K, Item 2.02). Read the original filing on sec.gov.