SHARPE
Reported results
- Total revenue increased 53% year-over-year to $895 million.
- Net income was $283 million, compared to $163 million in the prior year period.
- GAAP gross margin was 91.5%, up 50 bps year-over-year.
- Adjusted EBITDA was $402 million, an improvement of $166 million from the prior year.
- Free Cash Flow was $363 million, an improvement of $179 million from the prior year.
- Diluted net income per share was $1.40, up 75% year-over-year.
Guidance
- Fourth quarter 2026 revenue is estimated in the range of $1,000 million to $1,030 million.
- Fourth quarter 2026 Adjusted EBITDA is estimated in the range of $480 million to $510 million.
Price and volatility reaction
The stock moved -29.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -16.0 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 129.6 | 2026-10-29 |
| Close after release | 91.73 | 2026-10-30 |
| Realised move | -29.2% | close to close |
| 30d ATM IV change | -16.0 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.