SHARPE
Reported results
- Total revenue of $1.01 billion increased 26% from $803 million in Q3 2025 (GAAP)
- Net revenue margin of 61% compared to 57% in Q3 2025 (GAAP)
- Diluted earnings per share of $4.06 increased 34% from $3.03 in Q3 2025 (GAAP)
- Adjusted earnings per share of $4.48 increased 33% from $3.36 in Q3 2025 (non-GAAP)
- Adjusted EBITDA of $269 million increased 23% from $218 million in Q3 2025 (non-GAAP)
- Total combined loans and finance receivables increased 30% to $5.9 billion (non-GAAP); consolidated net charge-off ratio decreased to 8.1% from 8.5% (non-GAAP)
Notes
Net income of $107 million (GAAP). Originations rose 31% year-over-year. Stock repurchases of $46 million in the quarter with $252 million available repurchase capacity remaining. Liquidity of $1.3 billion includes cash, marketable securities, and available facility capacity. Nine-month results also presented in release. Transaction-related costs of $1.4 million recorded in Q3 2026 related to planned acquisition of Grasshopper Bancorp, Inc.
Price and volatility reaction
The stock moved -6.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -13.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 176.78 | 2026-10-22 |
| Close after release | 165.07 | 2026-10-23 |
| Realised move | -6.6% | close to close |
| 30d ATM IV change | -13.1 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 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.