SHARPE
Reported results
- Revenues for the third quarter of 2026 were $32.9 million, compared to $32.7 million for the third quarter of 2025.
- GAAP net loss for the third quarter of 2026 was $2.5 million, compared to GAAP net income of $1.9 million for the third quarter of 2025.
- GAAP basic net loss per share attributable to common stockholders was $(0.04) for the third quarter of 2026, compared to GAAP basic net income per share of $0.01 for the third quarter of 2025.
- GAAP loss from operations for the third quarter of 2026 was $1.5 million, compared to GAAP income from operations of $1.5 million for the third quarter of 2025.
- Non-GAAP adjusted net income for the third quarter of 2026 was $354 thousand, compared to non-GAAP adjusted net income of $3,878 thousand for the third quarter of 2025.
- Total cash, cash equivalents, short-term bank deposits, short-term investments, and long-term certificates of deposit were $98.8 million as of September 30, 2026.
Guidance
- Full year 2026 revenue guidance affirmed at $100.5 to $111.0 million.
Notes
Prior period 2025 financial results are presented as recast in the financial statements.
Price and volatility reaction
The stock moved +18.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +39.7 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 4.01 | 2026-11-05 |
| Close after release | 4.76 | 2026-11-06 |
| Realised move | +18.7% | close to close |
| 30d ATM IV change | +39.7 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 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.