SHARPE
Reported results
- Total revenue was $1,511,787 thousand in the 2026 third quarter, an increase of 25.4% compared to $1,205,406 thousand in the 2025 third quarter.
- GAAP basic and diluted earnings per share was $1.42 in the 2026 third quarter, up 153.6% from $0.56 in the 2025 third quarter.
- GAAP operating income was $65,540 thousand for the 2026 third quarter, an increase of 149.0% compared to $26,326 thousand in the 2025 third quarter.
- Gross profit was $126,547 thousand in the 2026 third quarter, up 13.9% compared to $111,060 thousand in the 2025 third quarter.
- Non-GAAP variable contribution was $212,066 thousand in the 2026 third quarter, an increase of 24.6% compared to $170,241 thousand in the 2025 third quarter.
- Non-GAAP variable contribution margin was 14.0% for the 2026 third quarter, compared to 14.1% in the 2025 third quarter.
Notes
Operating income and EPS in the 2025 third quarter were negatively impacted by $30.1 million and $0.66, respectively, due to non-cash impairment charges. EPS in the 2026 third quarter reflected elevated insurance and claim costs of $55.3 million.
Price and volatility reaction
The stock moved -17.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -3.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 168.78 | 2026-10-27 |
| Close after release | 138.8 | 2026-10-28 |
| Realised move | -17.8% | close to close |
| 30d ATM IV change | -3.6 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 2026-10-27 (8-K, Item 2.02). Read the original filing on sec.gov.