SHARPE
Reported results
- Revenue was $265 million for the third quarter of 2026, up 8% quarter-over-quarter and up 10% year-over-year.
- Net Income was $26 million and Net Income Margin was 10%.
- Non-GAAP Adjusted EBITDA was $55 million and non-GAAP Adjusted EBITDA Margin was 21%.
- Net Cash Provided by Operating Activities was $39 million.
- Non-GAAP Free Cash Flow was $32 million for the third quarter of 2026.
Guidance
- For the fourth quarter of 2026, total revenue is expected to be $260 - $270 million.
- For the fourth quarter of 2026, non-GAAP Adjusted EBITDA is expected to be $53 - $58 million.
Notes
In the first quarter of 2026, the Company revised its definition of ROCE (non-GAAP) and Adjusted Income from Operations, after tax to exclude litigation related expenses not reflective of ongoing operating performance (reflective of costs related to the Impulse Litigation).
Price and volatility reaction
The stock moved -6.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -0.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 30 | 2026-10-29 |
| Close after release | 28.08 | 2026-10-30 |
| Realised move | -6.4% | close to close |
| 30d ATM IV change | -0.6 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.