SHARPE
Reported results
- GAAP revenue was $841.5 million in the third quarter of 2026, an increase of 5% compared to $802.8 million in the third quarter of 2025.
- GAAP loss from operations was $187.1 million for the third quarter of 2026 compared to GAAP income from operations of $120.8 million in the prior year period.
- GAAP net loss was $230.7 million, with diluted loss per common share of $4.76, compared to GAAP net income of $78.6 million in the third quarter of 2025.
- Non-GAAP adjusted EBITDA* increased 5% to $163.3 million for the third quarter of 2026.
- Non-GAAP adjusted income from operations* increased 5% to $130.2 million for the third quarter of 2026.
- Non-GAAP adjusted net income* was $87.5 million, and diluted adjusted earnings per common share* was $1.80.
Guidance
- For fiscal year 2026, the company expects revenue to be approximately $3.07 billion.
- For fiscal year 2026, diluted adjusted earnings per common share is expected to be in the range of $4.98 to $5.03.
Notes
Third quarter 2026 results were impacted by a goodwill impairment loss of $290.0 million within international full service operations.
Price and volatility reaction
The stock moved -17.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -13.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 66.98 | 2026-10-29 |
| Close after release | 54.98 | 2026-10-30 |
| Realised move | -17.9% | close to close |
| 30d ATM IV change | -13.5 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.