SHARPE
Reported results
- Revenue for the third quarter of 2026 was $73.4 million, compared with $47.6 million for the second quarter of 2026 and $28.0 million for the third quarter of 2025.
- GAAP gross margin was 56.0 percent of revenue for the third quarter of 2026, compared with 44.9 percent for the second quarter of 2026 and 22.3 percent for the third quarter of 2025.
- Non-GAAP gross margin, after excluding charges for stock-based compensation, was 56.1 percent of revenue for the third quarter of 2026.
- GAAP net income, after minority interests, for the third quarter of 2026 was $25.7 million, or $0.39 diluted income per share.
- Non-GAAP net income for the third quarter of 2026 was $26.8 million, or $0.41 per share.
Price and volatility reaction
The stock moved -9.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -1.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 60.88 | 2026-10-29 |
| Close after release | 55.06 | 2026-10-30 |
| Realised move | -9.6% | close to close |
| 30d ATM IV change | -1.8 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.