SHARPE
Reported results
- Net income was $29 million, or $0.54 in diluted EPS for the third quarter of 2026.
- Total net revenues were $469 million for the third quarter of 2026.
- Non-GAAP adjusted net income was $56 million, or $1.05 in adjusted diluted EPS.
- Non-GAAP adjusted net revenues were $502 million.
- Annualized return on equity (ROE) was 3%, compared to 2% in the prior quarter.
- Non-GAAP annualized adjusted ROE was 5%, compared to 7% in the prior quarter.
Guidance
- Fourth quarter adjusted ROE is expected to remain near current levels.
- Proactive expense reduction initiatives are expected to drive nearly $160 million of declines in annual expenses from the second quarter of 2026 to the first quarter of 2027.
Price and volatility reaction
The stock moved -2.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -9.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 64.41 | 2026-10-29 |
| Close after release | 62.92 | 2026-10-30 |
| Realised move | -2.3% | close to close |
| 30d ATM IV change | -9.1 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 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.