SHARPE
Reported results
- Total Revenues under GAAP were $973.2 million for the third quarter of 2026, up 12.7% from $863.5 million in the third quarter of 2025.
- GAAP net income (loss) per fully diluted share (“GAAP EPS”) was $0.27 for the third quarter of 2026, compared with $0.25 in the third quarter of 2025.
- Post-tax Adjusted Earnings to fully diluted shareholders (“Post-tax Adjusted Earnings”) was $122.1 million for the third quarter of 2026, an increase of 15.3% compared with $105.9 million in the third quarter of 2025.
- Post-tax Adjusted Earnings per share (“Adjusted EPS”) was $0.48 for the third quarter of 2026, up 14.3% from $0.42 in the third quarter of 2025.
- Adjusted EBITDA (“AEBITDA”) was $166.4 million for the third quarter of 2026, an increase of 14.6% from $145.2 million in the third quarter of 2025.
Guidance
- For full year 2026, Total Revenues (millions) is expected to be $3,700 - $3,800, representing a YoY Change of 12% - 15%.
- For full year 2026, Adjusted Earnings Per Share is expected to be $1.80 - $1.90, representing a YoY Change of 11% - 17%.
- For full year 2026, Adjusted EBITDA (millions) is expected to be $629 - $667, representing a YoY Change of 12% - 19%.
- For full year 2026, Adjusted Earnings Tax Rate is expected to be 13% - 15%.
Price and volatility reaction
The stock moved -5.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +13.0 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 12.06 | 2026-10-28 |
| Close after release | 11.38 | 2026-10-29 |
| Realised move | -5.6% | close to close |
| 30d ATM IV change | +13.0 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.