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March 20, 2026 07:15 ET  | Source: Mobilicom Limited

Europe is a key expansion market for Mobilicom

Mobilicom’s latest product SkyHopper MultiBand is designed to further expand its SDR data links product line with wider spectrum, longer range, and robust electronic warfare resilience

Palo Alto, California, March 20, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced it will exhibit at XPONENTIAL Europe 2026 which takes place in Düsseldorf, Germany on March 24-26, 2026. Mobilicom will showcase its newly launched SkyHopper MultiBand system alongside its full portfolio of end-to-end field-proven cybersecure hardware and software solutions.

“XPONENTIAL Europe is a key platform for us to showcase our growing line of cybersecure solutions for autonomous technologies and robotics as we expand our footprint into the European market. This organic growth into Europe follows strong traction in the U.S. where our solutions are essential embedded systems in Tier-1 OEM drones and robotics,” said Oren Elkayam, Founder and CEO of Mobilicom. “With increasing demand across commercial and dual-use sectors, Europe represents a significant opportunity for Mobilicom. We are excited to introduce our SkyHopper MultiBand system to this audience, demonstrating how our cybersecure, resilient communication technologies enable reliable operations even in the most challenging environments.”

At the center of Mobilicom’s showcase is the SkyHopper MultiBand, the Company’s next-generation Software Defined Radio (SDR) data link solution. Designed to deliver expansive wideband coverage, the system supports operations across multiple frequency bands, enabling extended range, enhanced spectral flexibility, and superior resistance to electronic warfare and jamming environments. SkyHopper MultiBand further strengthens Mobilicom’s SDR product line, designed to provide customers with scalable, cybersecure communication solutions for increasingly demanding missions.

In addition to SkyHopper MultiBand, Mobilicom will present its comprehensive suite of end-to-end hardware and software solutions, including airborne and ground data links, controllers, and communication systems that are already integrated into drone and robotic platforms worldwide.

XPONENTIAL Europe is one of the leading industry events dedicated to autonomous systems and robotics, bringing together innovators, manufacturers, and end users from across the globe. The exhibition provides a platform to showcase cutting-edge technologies shaping the future of uncrewed systems across commercial, industrial, and defense-related applications.

Mobilicom invites attendees to visit us at Israeli Export Institute Pavilion booth #1C71 to explore its full portfolio of solutions designed to support the evolving needs of drone and robotics ecosystems.

See you at the hashtag#IsraeliExportInstitute Pavilion, Booth hashtag#1C71

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses the expansion of its footprint into the European market. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Liad Gelfer
Mobilicom Ltd
[email protected]

March 24, 2026 07:22 ET  | Source: Mobilicom Limited

Palo Alto, California, March 24, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has provided notice of termination of its at-the-market (“ATM”) sales agreement originally entered into in February 2025.

“Following our favorable financial results for the year ended December 31, 2025, Mobilicom is in a significantly stronger position today than when we first initiated the ATM,” said CEO and Founder Oren Elkayam. “With $19 million in cash and low monthly burn rate, our solid balance sheet allows us to focus entirely on execution. Driven by the production ramp-up of our U.S. Tier-1 drone customer’s U.S. Department of Defense Program of Record win—alongside expected continued revenue momentum across our broader customer base—we are well-positioned to generate a consistent and growing revenue stream over the coming years. Given this momentum, we have the confidence that our current trajectory allows us to support our organic growth without the need for the ATM facility, while remaining committed to delivering long-term shareholder value”.

About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses generating a consistent and growing revenue stream over the coming years, and that its current trajectory will allow it to support organic growth without the need for the ATM facility. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Liad Gelfer
Mobilicom Ltd
[email protected]

Posted by Defense World Staff on Apr 15th, 2026

Mobilicom (NASDAQ:MOB – Get Free Report) and Resideo Technologies (NYSE:REZI – Get Free Report) are both industrials companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, valuation, profitability, institutional ownership, risk, dividends and earnings.

Analyst Ratings This is a summary of current recommendations for Mobilicom and Resideo Technologies, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Mobilicom 1 1 2 0 2.25 Resideo Technologies 1 2 2 0 2.20 Mobilicom currently has a consensus target price of $2,750.00, suggesting a potential upside of 56,718.18%. Resideo Technologies has a consensus target price of $39.67, suggesting a potential upside of 1.19%. Given Mobilicom’s stronger consensus rating and higher probable upside, analysts clearly believe Mobilicom is more favorable than Resideo Technologies.

Institutional and Insider Ownership 13.6% of Mobilicom shares are held by institutional investors. Comparatively, 91.7% of Resideo Technologies shares are held by institutional investors. 7.2% of Mobilicom shares are held by company insiders. Comparatively, 1.5% of Resideo Technologies shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Volatility & Risk Mobilicom has a beta of 2.17, suggesting that its stock price is 117% more volatile than the S&P 500. Comparatively, Resideo Technologies has a beta of 1.7, suggesting that its stock price is 70% more volatile than the S&P 500.

Profitability This table compares Mobilicom and Resideo Technologies’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Mobilicom N/A N/A N/A Resideo Technologies -7.27% 15.15% 4.43% Valuation and Earnings This table compares Mobilicom and Resideo Technologies”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Mobilicom $3.36 million 17.59 -$23.73 million N/A N/A Resideo Technologies $7.47 billion 0.79 -$527.00 million ($4.03) -9.73 Mobilicom has higher earnings, but lower revenue than Resideo Technologies.

Summary Mobilicom beats Resideo Technologies on 7 of the 11 factors compared between the two stocks.

About Mobilicom (Get Free Report)

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions. Mobilicom Limited was incorporated in 2017 and is based in Shoham, Israel.

About Resideo Technologies (Get Free Report)

Resideo Technologies, Inc. develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution. The Products and Solutions segment provides temperature and humidity control, thermal and combustion solutions, water and indoor air quality solutions, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety and fire suppression, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand as well as Resideo, Braukmann, First Alert, and BRK brands. The ADI Global Distribution segment engages in the distribution of security, fire, access control, and video products; and participates in the broader related markets of smart home, power, audio, ProAV, networking, communications, data communications, wire and cable, enterprise connectivity, and structured wiring products. The company sells its products and services through a network of professional contractors, distributors, and original equipment manufacturers, as well as retail and online merchants. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.

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CEO Oren Elkayam to Deliver Presentation on Preventing Cascade Failures in Autonomous Fleets at XPONENTIAL 2026

Mobilicom to Highlight its Market-Leading Loitering Munitions Solutions and U.S. DoW Program of Record Momentum

At Both Events, Mobilicom will Exhibit the Company’s Latest Technologies and Product Upgrades

Palo Alto, California, May 07, 2026 (GLOBE NEWSWIRE) -- – Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today its participation at two upcoming U.S. industry events: XPONENTIAL 2026 in Detroit, Michigan, and the Loitering Munitions USA in Arlington, Virginia, where the Company management and technical teams will showcase its industry-leading cybersecure drone and autonomous systems.

Mobilicom will present its latest solutions at XPONENTIAL, taking place May 11–14, a premier global event for autonomous technologies with a strong commercial focus. The Company will highlight its expanding portfolio, including new multiband solutions, and its strategic partnerships advancing secured autonomy deployments.

As part of the conference program, Mobilicom’s CEO, Oren Elkayam, will deliver a fireside session titled “Preventing Cascade Failures in Autonomous Fleets” on Tuesday, May 12, 2026, from 4:00 PM to 4:20 PM EDT. The presentation will address critical challenges in scaling autonomous operations and ensuring resilience and cybersecurity across interconnected drone fleets.

“XPONENTIAL provides an important platform to demonstrate how Mobilicom is enabling secure and reliable autonomous operations,” said Oren Elkayam. “Our participation underscores our commitment to solving the most pressing challenges in autonomous fleet deployment by continuing to innovate with new product offerings.”

Following XPONENTIAL, Mobilicom will participate as a Gold Sponsor and exhibitor at Loitering Munitions USA on May 13-14, 2026. This event brings together key stakeholders across the defense ecosystem, a key market for Mobilicom.

Mobilicom will emphasize its strong positioning in loitering munition platforms, where its SkyHopper PRO data links and ICE Electronic Warfare Resistance & Cybersecurity Suite have been integrated into advanced drone systems deployed globally. These solutions are included in systems sold to the U.S. Department of War under a Program of Record valued at $249 million, reinforcing Mobilicom’s role as a trusted supplier of mission-critical technologies to Tier-1 customers.

The Company’s success in this segment is driven by its differentiated “triangle” of capabilities: battle-proven performance, miniaturized form factor, and competitive pricing, making its solutions highly attractive to leading defense platform manufacturers worldwide.

At both events, Mobilicom will showcase its latest technologies and product upgrades designed to further enhance multi-domain operations, resilience against electronic warfare threats, and secure communications for autonomous platforms.

“Our continued momentum in the loitering munition market, combined with upcoming product innovations, positions Mobilicom at the forefront of the secured autonomy,” Elkayam added. “We are proud to support both commercial and defense customers with technologies that deliver operational superiority in contested environments.”

About Mobilicom
Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses providing early visibility into next-generation products and technologies, designed to further enhance multi-domain operations, resilience against electronic warfare threats, and secure communications for autonomous platforms, and its position at the forefront of the secured autonomy. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Chris Donovan
Investor Relations
Mobilicom Ltd
[email protected]

May 20, 2026 07:30 ET  | Source: Mobilicom Limited

Supports Mobilicom’s 2026 Strategic Objective to Expand Tier-1 Defense Drone Platform Opportunities and Highlights Growing Adoption of its Program-of-Record Validated Cybersecure Solutions

Palo Alto, California, May 20, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust communications solutions for drones and robotics, today announced it has secured new design wins with two leading U.S. Tier-1 defense drone manufacturers for small-sized Intelligence, Surveillance and Reconnaissance (“ISR”) drone platforms incorporating Mobilicom’s cybersecure SkyHopper datalink solutions and ICE electronic warfare resistance & cybersecurity suite.

The new Tier-1 design wins expand Mobilicom’s reach within the U.S. defense drone platforms and signal increasing demand for the Company’s Program-of-Record proven solutions, building upon the Company’s foundation established through its Blue UAS Framework selection, FCC Trusted Drone designation, NDAA- vetted compliance, and trusted cybersecure communications technologies.

“These new design wins represent another important milestone in growing Mobilicom’s engagement with prominent U.S. drone manufacturers and expanding our presence across next-generation defense drone programs,” said Oren Elkayam, Founder and CEO of Mobilicom. “Working closely with these customers through joint design and integration processes, we developed tailored SkyHopper datalink configurations designed to optimize their platform requirements and operational needs. These engagements support our 2026 objective of expanding Tier-1 platform opportunities while further demonstrating demand for trusted, cybersecure communications solutions supporting advanced ISR and autonomous operations.”

Mobilicom’s cybersecure SkyHopper product family, including its MultiBand and Tactical solutions, together with its ICE EW resistance & cybersecurity software, are designed to deliver secure, high-performance communications capabilities for drones and autonomous systems operating in mission-critical environments. The Company’s IP-based solutions support evolving defense and security mission requirements, including secure ISR operations, autonomous platform control, and resilient communications in electronically challenged environments.

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com

Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses the increasing demand for the Company’s Program-of-Record proven solutions. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Chris Donovan
Mobilicom Ltd
[email protected]

Announces Progress in Second U.S. Department of War Program of Record Through Tier-1 Defense Partner Supporting the U.S. Army's LASSO Program

Mobilicom Limited (MOB) Q1 2026 Earnings Call Transcript

San Francisco, California--(Newsfile Corp. - May 9, 2026) - Hagens Berman, a global shareholder rights law firm, updates investors in ODDITY Tech Ltd. (NASDAQ: ODD) regarding the pending securities class action lawsuit following a massive 49% stock collapse. The firm reminds investors that the deadline to move for Lead Plaintiff is May 11, 2026.

SUBMIT YOUR LOSSES TO HAGENS BERMAN NOW

The ODD Securities Class Action: When Did ODDITY Know About the Dislocation?

The lawsuit against ODDITY, a consumer tech company that uses AI to sell beauty products, alleges the company misrepresented the stability of its digital operating model. While ODDITY repeatedly assured investors that its AI platform would sustain high growth and attractive margins, it allegedly failed to disclose a critical disruption.

On February 25, 2026, ODDITY admitted it had experienced a dislocation in its primary advertising account due to algorithm changes by its largest partner. This change diverted ODDITY's ads to lower-quality auctions at abnormally high costs, causing:

Spiking Customer Acquisition Costs (CAC): Advertising efficiency plummeted, directly impacting margins.Severe Revenue Contraction: The company projected a staggering 30% year-over-year revenue decline for Q1 2026.Delayed Disclosure: During an earnings call, management admitted they "observed that something was different in the second half of 2025," yet they continued to issue optimistic growth guidance as late as November 2025.Wall Street Reaction and Market Impact

The disclosure triggered a massive selloff. ODDITY's shares fell $14.28 per share, or nearly 50%, to close at $14.74 on February 25, 2026, wiping out more than $600 million in market capitalization. In the wake of this news, major Wall Street firms, including JPMorgan and Bank of America, cut their ratings on the stock.

"We are investigating whether ODDITY knowingly issued false statements during the second half of 2025 while privately watching its primary growth engine fail," said Reed Kathrein, the Hagens Berman partner leading the investigation.

Lead Plaintiff Deadline: May 11, 2026

Investors who purchased ODDITY securities between February 26, 2025, and February 24, 2026, and suffered losses, have until May 11, 2026, to seek a lead role in the litigation.

Report Your ODD Investment Losses Now Visit: www.hbsslaw.com/cases/oddity Email: [email protected] Call 844-916-0895Whistleblowers: Persons with non-public information regarding ODDITY should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

# # #

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contact:
Reed Kathrein, 844-916-0895

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296656

Source: Hagens Berman Sobol Shapiro LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

New York, New York--(Newsfile Corp. - May 10, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of ODDITY Tech Ltd. (NASDAQ: ODD) between February 26, 2025 and February 24, 2026, inclusive (the "Class Period"), of the important May 11, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Oddity securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) due to an algorithm change by Oddity's largest advertising partner, Oddity's advertisements were being diverted to lower quality auctions at abnormally high costs; (2) the foregoing significantly increased Oddity's customer acquisition costs, thereby negatively impacting Oddity's business and financial prospects; (3) accordingly, defendants overstated the overall strength, stability, and sustainability of Oddity's digital operating model and/or market position; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296711

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

NEW YORK, May 10, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of ODDITY Tech Ltd. (NASDAQ: ODD) between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”), of the important May 11, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Oddity securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) due to an algorithm change by Oddity’s largest advertising partner, Oddity’s advertisements were being diverted to lower quality auctions at abnormally high costs; (2) the foregoing significantly increased Oddity’s customer acquisition costs, thereby negatively impacting Oddity’s business and financial prospects; (3) accordingly, defendants overstated the overall strength, stability, and sustainability of Oddity’s digital operating model and/or market position; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Oddity class action, go to https://rosenlegal.com/submit-form/?case_id=27381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

LOS ANGELES, May 11, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Oddity Tech Ltd. (“Oddity” or “the Company”) (NASDAQ: ODD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before May 11, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Oddity’s advertisements were diverted to poor quality auctions at high costs due to an algorithm change by one of its largest ad partners. The Company’s customer acquisition costs increased significantly due to this change, harming its business. The Company overstates the strength of its operating model. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Oddity, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

New York, New York--(Newsfile Corp. - May 11, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against ODDITY Tech Ltd. (NASDAQ: ODD) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Oddity securities between February 26, 2025 and February 24, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ODD.

Oddity Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose material adverse facts concerning the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants failed to disclose that:

following an algorithm change by the Company's largest advertising partner, the Company's advertisements were diverted to lower-quality auctions at abnormally high costs; as a result, the Company's customer acquisition costs increased significantly, negatively impacting its business and financial prospects; Defendants therefore overstated the strength, stability, and sustainability of the Company's digital operating model and market position; and as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.What's Next for Oddity Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ODD, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Oddity you have until May 11, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Oddity Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Oddity Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295576

Source: Bronstein, Gewirtz & Grossman, LLC

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SAN FRANCISCO, May 11, 2026 /PRNewswire/ -- Hagens Berman, a global shareholder rights law firm, updates investors in ODDITY Tech Ltd. (NASDAQ: ODD) regarding the pending securities class action lawsuit following a massive 49% stock collapse.

May 15, 2026 09:00 ET  | Source: Oddity Tech Ltd.

NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) (NASDAQ: ODD), today announced that it will release its first quarter 2026 financial results before the market open on Tuesday, June 2, 2026, to be followed by a conference call at 8:30 a.m. Eastern Time.

Conference Call Details:

To participate in the conference call, please dial 1-877-407-9208 (US) or 1-201-493-6784 (international). To access the call, please reference the company name and call title: ODDITY First Quarter 2026 Earnings Call. A webcast of the call will be accessible on the Investors section of ODDITY’s website at https://investors.oddity.com. A recording will be available shortly after the conclusion of the call. To access the replay, please dial 1-844-512-2921 (US) or 1-412-317-6671 (international). The access code for the replay is 13760709. An archive of the webcast will be available on the Investors section of ODDITY’s website for seven days following the call.

About ODDITY

ODDITY is a consumer tech company that builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company serves approximately 68 million users with its AI-driven online platform, deploying data science to identify consumer needs, and developing solutions in the form of beauty and wellness products. ODDITY owns IL MAKIAGE, SpoiledChild and METHODIQ. The company operates with business headquarters in New York City, an R&D center in Tel Aviv, Israel, and a biotechnology lab in Boston.

Contacts

Press:

[email protected]

Investor:

[email protected]

First quarter net revenue of $197.9 million, down approximately 26% year-over-yearFirst quarter adjusted EBITDA of $(7.0) millionFirst quarter net loss of $(21.4) million and first quarter adjusted net loss of $(9.8) millionStrong liquidity position including cash, cash equivalents and investments of $667.4 million, and aggregate credit facilities of $350 million which remain undrawn NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ: ODD) today announced its financial results for the first quarter ended March 31, 2026.

“We continue to implement our recovery plan to address the account dislocation with our largest advertising partner and we remain hopeful that we are on track for normalization in the second half of this year,” said Oran Holtzman, ODDITY co-founder and CEO. “For many years, our CPA was very stable, with only gradual increases aligned with our industry. In Q1 2026, we saw a severe step-function discontinuity, comparing to historical first quarters, with CPA in some cases reaching levels 2x higher than what we expected. While we continue to navigate this dislocation, we have been working closely with our advertising partner on remediation and we are encouraged by an improvement in IL MAKIAGE CPA this May, which declined an estimated -28% sequentially from April.”

Media Costs

ODDITY is providing additional data on IL MAKIAGE CPA with our largest advertising partner for H1 2022 through May of H1 2026, as the first half is historically the period in which we acquire the majority of our annual new users. We believe this data supports the view that the CPA dislocation is technical in nature, rather than driven by brand health or market saturation.

Prior to 2026, IL MAKIAGE 1H CPA growth was very stable, with yearly increases correlated with our industry.The increase in 2026 is sudden, indicating a dramatic break rather than steady deterioration over time.The breakdown occurred in different markets simultaneously. US, Canada, UK, Australia, Israel — markets with different longevity and saturation levels.A driver of the break is spiking bounce rates. This shows in our view that the issue is with lower quality audiences being served our ads by the algorithm. IL MAKIAGE CPA Index with Largest Advertising Partner, Internal Attribution System

Half-Year

CPA INDEX

YOY % CHG

H122

1.0

H123

1.2

16

%

H124

1.3

14

%

H125

1.5

15

%

H1 through May 26

2.8

83

%

First Quarter 2026 Summary

ODDITY achieved key objectives during the first quarter, including:

Exceeded our first quarter revenue outlook issued February 25, 2026 of an approximately 30% decline.Positive inflection in IL MAKIAGE CPA’s trend in May, reflecting progress resetting our ad account signals.Remediation work in IL MAKIAGE Try Before You Buy, and a shift of 40% of acquisition revenue out of Try Before You Buy and into Buy.A strong start for our newest brand, METHODIQ, which remains on track to deliver year 1 results in-line with those of SpoiledChild.Ongoing development and expansion of the ODDITY Labs molecule discovery platform.Strong liquidity position including cash, cash equivalents and investments of $667.4 million, and aggregate credit facilities of $350 million which remain undrawn. “We are pleased with the progress we see in our remediation work and with our ability to deliver first quarter revenue above our guidance,” said Lindsay Drucker Mann, ODDITY Global CFO. “The CPA dislocation led to a sharp decline in first orders during the quarter, and the loss of these first orders will negatively impact our repeat business across the year. We therefore expect Q2 net revenue will decline between 25 and 30% year-over-year, and hope to see sequential improvement in the second half of 2026.”

Profitability Drivers

Adjusted EBITDA was materially negatively impacted by higher CPA and ODDITY’s decision to spend on acquisition during the quarter, in an effort to remedy the account dislocation. This led to significantly lower revenue generated on like for like media spend. Reduced media efficiency coupled with continued investment in growth initiatives drove meaningful operating expense deleverage.

Gross margin compression in the period was driven in part by product and brand mix and a low single digit decline in average order value (AOV). ODDITY’s remediation activity during the quarter, which included running various tests to try and isolate the dislocation in its advertising account, negatively impacted Q1 margins.

Share Buyback Program

In March 2026, ODDITY’s Board of Directors approved a share buyback program authorizing the repurchase of up to $200 million of the Company’s Class A ordinary shares. The new authorization expires on March 31, 2029 or upon full deployment of the allocated funds, subject to any future modifications by the Board.

ODDITY repurchased approximately 6.1 million Class A ordinary shares during the first quarter for approximately $82.3 million, reducing Class A ordinary shares outstanding by approximately 10.6%. ODDITY exited the first quarter with approximately $167.3 million remaining under the authorization, subject to market conditions, legal and regulatory constraints.

First Quarter Fiscal 2026 Financial Highlights:

Results for the first quarter ended March 31, 2026 are presented below in comparison to the first quarter ended March 31, 2025.

Net revenue was $197.9 million compared to $268.1 million in the first quarter of 2025, a decrease of 26%.Gross profit was $138.0 million compared to $200.8 million in the first quarter of 2025; gross margin was 69.7% compared to 74.9% in the first quarter of 2025.Net loss was $(21.4) million compared to net income of $37.8 million in the first quarter of 2025.Adjusted net loss was $(9.8) million compared to adjusted net income of $41.8 million in the first quarter of 2025.Adjusted EBITDA was $(7.0) million compared to $52.4 million in the first quarter of 2025.Diluted loss per share was $(0.38) for the first quarter of 2026 compared to diluted earnings per share of $0.63 in the first quarter of 2025.Adjusted diluted loss per share was $(0.17) for the first quarter of 2026 compared to adjusted diluted earnings per share of $0.69 in the first quarter of 2025. Financial Outlook:

For the second quarter of 2026, ODDITY expects net revenue to decline between 25 and 30% year-over-year. ODDITY expects Adjusted EBITDA will be between $8 and $10 million.

For the full year 2026, ODDITY expects Adjusted EBITDA to be positive.

Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net (loss) income, Adjusted net (loss) income margin, Adjusted diluted (loss) earnings per share, and free cash flow are non-GAAP financial measures. Please see the sections titled “Non-GAAP Financial Measures” and “Reconciliations of GAAP to Non-GAAP Measures” below for more information regarding ODDITY’s use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures. ODDITY has not provided a quantitative reconciliation of its Adjusted EBITDA outlook to the corresponding net income measure because the quantification of certain items included in the calculation of GAAP net income cannot be calculated or predicted at this time without unreasonable efforts. ODDITY is unable to address the probable significance of the unavailable reconciling items, which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results.

The financial outlook figures presented above are forward-looking statements that are subject to a variety of assumptions and estimates. Actual results may differ materially from ODDITY’s financial outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below.

Conference Call Details:

A conference call to discuss ODDITY’s Q1 2026 financial and business results and outlook is scheduled for today, June 2, 2026, at 8:30 a.m. ET. To participate, please dial 1-877-407-9208 (US) or 1-201-493-6784 (international). To access the call, please reference the company name and call title: ODDITY First Quarter 2026 Earnings Call. A webcast of the call will be accessible on the Investors section of ODDITY’s website at https://investors.oddity.com. A recording will be available shortly after the conclusion of the call. To access the replay, please dial 1-844-512-2921 (US) or 1-412-317-6671 (international). The access code for the replay is 13760709. An archive of the webcast will be available on the Investors section of ODDITY’s website for seven days following the call.

Non-GAAP Financial Measures:

In addition to the GAAP financial measures set forth in this press release, ODDITY has included the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net (loss) income, Adjusted net (loss) income margin, Adjusted diluted (loss) earnings per share and free cash flow. ODDITY believes these non-GAAP financial measures provide useful supplemental information to management and investors to help evaluate ODDITY’s business, measure its performance, identify trends, prepare financial projections and make business decisions.

ODDITY defines “Adjusted EBITDA” as net (loss) income before financial income, net, taxes on income, and depreciation and amortization as further adjusted to exclude share-based compensation expense and non-recurring items. “Adjusted EBITDA margin” is defined as Adjusted EBITDA divided by net revenue. ODDITY believes Adjusted EBITDA and Adjusted EBITDA margin are useful for financial and operational decision-making and as a means to evaluate period-to-period comparisons. By excluding certain items that may not be indicative of its recurring core operating results, ODDITY believes that Adjusted EBITDA and Adjusted EBITDA margin provide meaningful supplemental information regarding its performance. In addition, Adjusted EBITDA and Adjusted EBITDA margin are widely used by investors and securities analysts to measure a company’s operating performance without regard to items such as depreciation and amortization, interest expense, and interest income, which can vary substantially from company to company depending on their financing and capital structures and the method by which their assets were acquired.

ODDITY defines “Adjusted net (loss) income” as net (loss) income adjusted for the impact of share-based compensation, non-recurring items, one-time tax gains/losses and the tax effect of non-GAAP adjustments and “Adjusted net (loss) income margin” as Adjusted net (loss) income divided by net revenue. In addition, ODDITY defines “Adjusted diluted (loss) earnings per share” as Adjusted net (loss) income divided by diluted shares outstanding. ODDITY believes the presentations of Adjusted net (loss) income, Adjusted net (loss) income margin, and Adjusted diluted (loss) earnings per share are useful because they are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Further, ODDITY believes these measures are helpful in highlighting trends in our operating results, because they exclude the impact of items that are outside the control of management or not reflective of our ongoing operations and performance.

ODDITY defines “free cash flow” as net cash (used in) provided by operating activities less purchase of property and equipment.

ODDITY’s non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, its financial results prepared in accordance with U.S. GAAP. Other companies, including companies in our industry, may calculate these measures differently or not at all, which reduces their usefulness as comparative measures.

Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included with the financial tables at the end of this release under the heading “Reconciliations of GAAP to Non-GAAP Measures.”

Forward-Looking Statements:

Certain statements in this press release may constitute “forward-looking” statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “aim,” “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “goal,” “hope,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” “seek,” or similar words. The absence of these words does not mean that a statement is not forward-looking. These forward-looking statements address various matters, including ODDITY’s business strategy, market opportunity, ability to deliver superior products and experiences, ability to remedy the dislocation in our customer acquisition costs, potential long-term success and ODDITY’s outlook for the second quarter of 2026 and the full year ending December 31, 2026. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: our ability to maintain the value of our brands; our ability to anticipate and respond to market trends and changes in consumer preferences; our ability to cost-effectively attract new customers (including by responding effectively to changes to algorithm-based bidding systems on key advertising platforms), retain existing customers and maintain or increase sales to those customers; our ability to maintain a strong base of engaged customers and content creators; the loss of suppliers or shortages or disruptions in the supply of raw materials or finished products; our ability to accurately forecast customer demand, manage our inventory, and plan for future expenses; our future rate of growth; competition; the fluctuating cost of raw materials; the illegal distribution and sale by third parties of counterfeit versions of our products or the unauthorized diversion by third parties of our products; changes in, or disruptions to, our shipping arrangements; our ability to manage our growth effectively; a general economic downturn or sudden disruption in business conditions; our ability to successfully introduce and effectively market new brands, or develop and introduce new, innovative, and updated products; foreign currency fluctuations; product returns; our ability to execute on our business strategy; our ability to maintain a high level of customer satisfaction; our ability to comply with and adapt to changes in laws and regulatory requirements applicable to our business, including with respect to regulation of the internet and e-commerce, evolving AI-technology related laws, tax laws, the anti-corruption, trade compliance, anti-money laundering, and terror finance and economic sanctions laws and regulations, consumer protection laws, and data privacy and security laws; failure of our products to comply with quality standards and risks related to product liability claims; trade restrictions; existing and potential tariffs; any data breach or other security incident of our information technology systems, or those of our third-party service providers or cyberattacks; risks related to online transactions and payment methods; any failure to obtain, maintain, protect, defend, or enforce our intellectual property rights; conditions in Israel and the Middle East generally, including as a result of geopolitical conflict; the concentration of our voting power as a result of our dual class structure; our status as a foreign private issuer; and other risk factors set forth in the section titled “Risk Factors” in our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 17, 2026, and other documents filed with or furnished to the SEC. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements.

About ODDITY:

ODDITY is a consumer tech company that builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company serves approximately 68 million users with its AI-driven online platform, deploying data science to identify consumer needs, and developing solutions in the form of beauty and wellness products. ODDITY owns IL MAKIAGE, SpoiledChild and METHODIQ. The company operates with business headquarters in New York City, an R&D center in Tel Aviv, Israel, and a biotechnology lab in Boston.

Contacts:

Press:

[email protected]

Investor:

[email protected]

ODDITY TECH LTD.

CONSOLIDATED STATEMENTS OF INCOME

U.S. dollar in thousands (except per share data)

Three months ended
March 31,

  2026

    2025

  (Unaudited)

Net revenue

$

197,940

  $

268,076

  Cost of revenue

  59,970

    67,228

  Gross profit

  137,970

    200,848

  Selling, general and administrative

  163,460

    158,183

  Operating (loss) income

  (25,490

)

  42,665

  Financial income, net

  (5,306

)

  (2,647

)

(Loss) income before taxes on income

  (20,184

)

  45,312

  Taxes on income

  1,177

    7,481

  Net (loss) income

$

(21,361

)

$

37,831

  Weighted-average number of shares – basic (thousands)

  56,317

    56,003

  Weighted-average number of shares – diluted (thousands)

  56,317

    60,322

  Basic (loss) earnings per share

$

(0.38

)

$

0.68

  Diluted (loss) earnings per share

$

(0.38

)

$

0.63

  ODDITY TECH LTD.

CONSOLIDATED BALANCE SHEETS

U.S. dollar in thousands

March 31,

December 31,

  2026

  2025

(Unaudited)

(Audited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

     278,597

$

     402,209

Marketable securities

  17,113

  11,170

Trade receivables

  23,313

  16,902

Inventories

  147,976

  135,181

Prepaid expenses and other current assets

  33,089

  36,336

Total current assets

  500,088

  601,798

LONG-TERM ASSETS:

Marketable securities

  371,626

  362,571

Property, plant and equipment, net

  9,986

  10,864

Deferred tax asset, net

  30,299

  27,693

Intangible assets, net

  46,141

  43,582

Goodwill

  64,904

  64,904

Operating lease right-of-use assets

  22,701

  22,311

Other assets

  4,082

  4,069

Total long-term assets

  549,739

  535,994

Total assets

$

     1,049,827

$

     1,137,792

ODDITY TECH LTD.

CONSOLIDATED BALANCE SHEETS

U.S. dollar in thousands

March 31,

December 31,

  2026

  2025

(Unaudited)

(Audited)

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Trade payables

$

     65,252

$

     75,957

Other accounts payable and accrued expenses

  51,374

  32,869

Operating lease liabilities, current

  6,537

  6,002

Total current liabilities

  123,163

  114,828

LONG-TERM LIABILITIES:

Operating lease liabilities, non-current

  17,260

  17,463

Exchangeable Note

  585,222

  584,368

Other long-term liabilities

  25,272

  24,638

Total liabilities

  750,917

  741,297

SHAREHOLDERS’ EQUITY:

Class A Ordinary shares

  13

  15

Class B Ordinary shares

  3

  3

Additional paid-in capital

  4,230

  77,571

Accumulated other comprehensive income

  2,011

  4,892

Retained earnings

  292,653

  314,014

Total shareholders’ equity

  298,910

  396,495

Total liabilities and shareholders’ equity

$

     1,049,827

$

     1,137,792

ODDITY TECH LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollar in thousands

Three months ended March 31,

  2026

    2025

  (Unaudited)

Cash flows from operating activities:

Net (loss) income

$

(21,361

)

$

37,831

  Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:

Depreciation and amortization

  4,269

    2,655

  Share-based compensation

  8,101

    7,084

  Deferred income taxes

  (1,803

)

  (302

)

Amortization of debt issuance costs

  854

    —

  Change in trade receivables

  (6,411

)

  (4,289

)

Change in prepaid expenses and other receivables

  2,772

    (4,631

)

Change in inventories

  (12,795

)

  3,554

  Change in trade payables

  (10,704

)

  41,642

  Change in other accounts payable and accrued expenses

  17,330

    4,903

  Change in operating lease right-of-use assets

  1,943

    1,969

  Change in operating lease liability

  (2,002

)

  (2,049

)

Other

  (427

)

  (31

)

Net cash (used in) provided by operating activities

$

(20,234

)

$

88,336

  Cash flows from investing activities:

Purchase of property, plant and equipment

  (858

)

  (1,002

)

Capitalization of software development costs and investment in other intangible assets

  (4,197

)

  (1,739

)

Investment in marketable securities, net

  (18,435

)

  (1,069

)

Other investing activities

  —

    (151

)

Net cash used in investing activities

  (23,490

)

  (3,961

)

Cash flows from financing activities:

Proceeds from exercise of options

  13

    1,931

  Repurchase and retirement of ordinary shares

  (80,055

)

  —

  Net cash (used in) provided by financing activities

  (80,042

)

  1,931

  Effect of exchange rate fluctuations on cash and cash equivalents

  106

    284

  Net (decrease) increase in cash, cash equivalents and restricted cash

  (123,660

)

  86,590

  Cash, cash equivalents and restricted cash at the beginning of the period

  402,279

    50,347

  Cash, cash equivalents and restricted cash at the end of the period

$

278,619

  $

136,937

  ODDITY TECH LTD.

Reconciliation of GAAP to Non-GAAP Measures

U.S. dollar in thousands (except per share data)

Three months ended
March 31,

  2026

    2025

  (Unaudited)

Reconciliation of Net (Loss) Income and Adjusted EBITDA

Net (loss) income

$

(21,361

)

$

37,831

  Financial income, net

  (5,306

)

  (2,647

)

Taxes on income

  1,177

    7,481

  Depreciation and amortization

  4,269

    2,655

  Share-based compensation

  8,101

    7,084

  Other adjustments1

  6,084

    —

  Adjusted EBITDA

$

                  (7,036

)

$

                 52,404

  Reconciliation of Net (Loss) Income and Adjusted Net (Loss) Income

Net (loss) income

$

(21,361

)

$

37,831

  Share-based compensation

  8,101

    7,084

  Other adjustments1

  6,084

    —

     Tax adjustments2

  (2,608

)

  (3,106

)

Adjusted net (loss) income

$

                 (9,784

)

$

                 41,809

  ¹ Represents costs of certain legal matters and employee actions outside the ordinary course of business. 
2 Represents the tax impact of (a) the reconciling items above and (b) in the first quarter of 2025, other discrete tax items.

Three months ended
March 31,

  2026

    2025

(Unaudited)

Diluted (loss) earnings per share

$

(0.38

)

$

0.63

Adjusted diluted (loss) earnings per share

$

                  (0.17

)

$

                     0.69

Reconciliation of net cash (used in) provided by operating activities to free cash flow Three months ended
March 31,

  2026

    2025

  (Unaudited)

Net cash (used in) provided by operating activities

$

(20,234

)

$

88,336

  Purchase of property and equipment

  (858

)

  (1,002

)

Free cash flow

$

               (21,092

)

$

                 87,334

  ODDITY TECH LTD.

Supplemental Financial Information

U.S. dollar in thousands

Cash, cash equivalents, and investments

March 31,

December 31,

  2026

  2025

(Unaudited)

(Audited)

Cash, restricted cash, and cash equivalents

$

278,619

$

402,279

Marketable securities

  388,739

  373,741

Total cash and investments

$

667,358

$

776,020

Net revenue by sales channel Three months ended
March 31,

  2026

    2025

  (Unaudited)

Online direct-to-consumer

$

193,055

  $

261,053

  Percent of net revenue

  98

%

  97

%

Other (Israel retail, marketing affiliates)

$

4,885

  $

7,023

  Percent of net revenue

  2

%

  3

%

Net Revenue

$

197,940

  $

268,076

  Note: ODDITY does not sell to resellers or distributors. Online direct-to-consumer revenues are generated directly by ODDITY through its online platform only (i.e., ILMAKIAGE.com, SpoiledChild.com, and METHODIQ.com). All revenue in Israel, including revenue generated in stores, online, and from beauty academies, is included in Other.

Oddity Tech Ltd. (ODD) Q1 2026 Earnings Call Transcript

Upcoming presentations at ENDO 2026 highlight Lundbeck's Focused Innovator strategy and continued expansion into rare neuroendocrine diseases with high unmet medical needsThe scientific program showcases Lundbeck's investigational neurohormonal and neuroimmunological targeted therapeutic candidates, asedebart and Lu AG22515, respectively Preliminary Phase II data for asedebart, an investigational anti-adrenocorticotropic hormone (ACTH) monoclonal antibody in Cushing's disease (CD), demonstrate Lundbeck's biomarker-supported approach to evaluating novel therapeutic mechanisms in rare endocrine disordersPreclinical characterization of the CD40L blocker Lu AG22515 will be shared as well as data from a patient study in thyroid eye disease (TED,) reflecting exploratory studies of CD40L modulation in autoimmune disease biology, with potential relevance to neuroinflammation implicated in several neurological and endocrine diseases, /PRNewswire/ -- H. Lundbeck A/S (Lundbeck) today announced that new data will be presented at the 2026 Endocrine Society's Annual Meeting (ENDO), taking place June 13–16 in Chicago, Illinois, U.S. Lundbeck will present preliminary Phase II data for asedebart (Lu AG13909) in CD, reflecting Lundbeck's expansion into neuroendocrine diseases. In addition, preclinical and Phase Ib clinical exploratory findings on Lu AG22515 in patients with TED will be shared, providing insights into the broader therapeutic potential of CD40L pathway modulation across inflammatory and immunological disorders.

"Lundbeck's presence at ENDO 2026 reflects how we have expanded upon our neuroscience heritage in recent years. This involves pursuing biological drug targets within hormonal and immunological signaling pathways that offer the potential to deliver highly differentiated therapeutics for neurological and neuroendocrinology indications with high medical unmet need," said Johan Luthman, EVP and Head of Research & Development at Lundbeck. "Through this approach, we have made significant progress across our rare disease programs, enabling decisive, biomarker-supported patient studies that facilitate early development decisions, as exemplified by our ENDO 2026 scientific program."

Asedebart data provide insight into ACTH neutralization in Cushing's disease

Among the highlights are preliminary Phase II data for asedebart, an investigational anti-adrenocorticotropic hormone (ACTH) monoclonal antibody, being evaluated in adults with CD.

CD is a rare neuroendocrine disorder typically caused by an ACTH-secreting pituitary adenoma, leading to chronic excess cortisol production and substantial physical and neuropsychiatric burden.1,2 While surgery is the standard first-line treatment, many patients experience persistent or recurrent disease despite available pharmacologic options, and significant unmet need remains.

The Phase II data being presented include impact on urinary free cortisol (UFC) levels following individualized dose titration of asedebart, alongside safety and tolerability assessments, supporting further understanding of direct ACTH neutralization in CD.

The CD study builds on earlier Phase I findings in classic congenital adrenal hyperplasia (CAH) (ClinicalTrials.gov: NCT05669950), which showed pharmacodynamic effects on key adrenal steroid biomarkers. The CD data presented at ENDO add to Lundbeck's evaluation of targeting ACTH-driven endocrine conditions with links to brain function — using early clinical and pharmacodynamic evidence to assess therapeutic potential in areas of significant unmet need.

Asedebart has received Orphan Drug Designation (ODD) for CAH in the European Union and the United States as well as ODD in Japan for the treatment of patients with CD and CAH.

Lu AG22515 data provide insight into CD40L pathway biology

At ENDO, Lundbeck will also present preclinical characterization findings for the investigational CD40L blocker Lu AG22515. CD40L is a key immune signaling molecule heavily implicated in a wide range of immune disorders, neurology and potentially endocrine conditions.3 The presentation will describe the inhibitory effect and PK/PD profile of Lu AG22515, including effects on membrane-bound and soluble CD40L, B-cell activation and differentiation, proinflammatory cytokine production and in vivo antibody responses.

Additionally, clinical findings will be presented from an exploratory Phase Ib open label study on AG22515 in TED patients. TED is an autoimmune disorder that can cause proptosis, diplopia, pain, disfigurement and, in severe cases, visual impairment or vision loss.4 The presentation will cover three areas: pharmacodynamic assessments designed to evaluate CD40L pathway engagement, safety and tolerability, and preliminary clinical efficacy in TED, including effects on proptosis and other measures of disease activity. The data further enhance the understanding of CD40L pathway modulation in TED and other CD40L-mediated immune disorders.

Asedebart and Lu AG22515 are investigational drugs not approved for marketing by any regulatory authority worldwide, and the efficacy and safety of both molecules have not been established.

Details of Lundbeck presentations at ENDO 2026

Therapeutic Area

Presentation content

Presentation Type

Reference

Cushing's disease
Asedebart
Lu AG13909

A Phase II, Open-label, Dose-titration Trial to Investigate the Safety, Tolerability, Pharmacokinetics, and Efficacy of the Novel Anti-ACTH Antibody Asedebart in Adults with Cushing's Disease

Oral presentation

Sun 14 June
14:45-15:00 CT
Room W183BC

Thyroid eye disease (TED)
Lu AG22515

Results From a Phase 1b Trial Evaluating CD40-Ligand Blocker Lu AG22515 in Patients with Moderate-to-Severe Thyroid Eye Disease

Oral presentation

Mon 15 June
14:15-14:30 CT
W184ABC

Thyroid eye disease (TED)
Lu AG22515

Preclinical Pharmacokinetic and Pharmacodynamic Profile of Lu AG22515, a CD40-Ligand Blocker in Development for Thyroid Eye Disease

Rapid-fire presentation and poster

Sun 14 June
09:00- 16:00 CT
ENDOExpo;
Poster floor

About Cushing's disease

Cushing's disease is a rare neuro-endocrine disorder caused by a pituitary adenoma that secretes excess ACTH, leading to chronic overproduction of cortisol.1 The condition is associated with significant morbidity and increased mortality, and patients may experience a wide range of physical and neuropsychiatric symptoms.2 First-line treatment is surgical removal of the tumor; however, not all patients are eligible, achieve sustained remission, or benefit fully from current available treatment options, highlighting an ongoing unmet need for effective and well-tolerated therapies.

About asedebart (Lu AG13909)

Asedebart is a humanized anti-ACTH monoclonal antibody designed specifically to recognize ACTH with high affinity. It blocks the binding of ACTH to the melanocortin 2 receptor in the adrenal glands and thereby inhibits the neurohormonal signalling of ACTH. This inhibition causes a decreased secretion of glucocorticoids, mineralocorticoids and androgens from the adrenal glands. 5,6 ACTH plays a key role in the biosynthesis of adrenal steroids7 and is therefore considered a promising therapeutic target in conditions characterized by elevated ACTH levels.6

About thyroid eye disease (TED)

Thyroid eye disease (TED) is a rare autoimmune condition associated with thyroid dysfunction, characterized by inflammation and expansion of retro-orbital tissues. Clinical manifestations include proptosis, double-vision, pain, swelling, and disfigurement, and in severe cases may lead to visual impairment or loss of vision. TED can have a substantial impact on daily functioning, quality of life and psychological wellbeing.4

Current treatments are not optimal for all patients and may be associated with significant adverse effects, highlighting the need for additional therapeutic approaches that target underlying autoimmune disease biology. 4

About Lu AG22515

Lu AG22515 is an investigational CD40L blocker being evaluated in CD40L mediated autoimmune diseases. Lu AG22515 is a recombinant fusion protein that binds CD40 ligand (CD40L) and human serum albumin (HSA) to extend half-life. By blocking the interaction between CD40L and the CD40 receptor, Lu AG22515 is designed to modulate a key immune co-stimulatory pathway involved in B-cell activation, antibody responses and inflammatory signaling.

Contacts
Anders Crillesen
Senior Director, External & Internal Relations
[email protected]
+45 27 79 12 86

Jens Høyer
Vice President, Head of Investor Relations
[email protected]
+45 30 83 45 01

About H. Lundbeck A/S

Lundbeck is a biopharmaceutical company focusing exclusively on brain health. With more than 70 years of experience in neuroscience, we are committed to improving the lives of people with neurological and psychiatric diseases.

Brain disorders affect a large part of the world's population, and the effects are felt throughout society. With the rapidly improving understanding of the biology of the brain, we hold ourselves accountable for advancing brain health by curiously exploring new opportunities for treatments.

As a focused innovator, we strive for our research and development programs to tackle some of the most complex neurological challenges. We develop transformative medicines targeting people for whom there are few or no treatments available, expanding into neuro-specialty and neuro-rare from our strong legacy within psychiatry and neurology.

We are committed to fighting stigma and we act to improve health equity. We strive to create long term value for our shareholders by making a positive contribution to patients, their families, and society as a whole.

Lundbeck has more than 5,000 employees in more than 20 countries and our products are available in more than 80 countries. For additional information, we encourage you to visit our corporate site www.lundbeck.com and connect with us via LinkedIn.

References:

Lacroix A, Feelders RA, Stratakis CA, et al. Lancet. 2015;386(9996):913–927Sharma ST, Nieman LK, Feelders RA. Pituitary. 2015;18(2):188–194Ots HD, Tracz JA, Vinokuroff KE, et al. Int J Mol Sci. 2022;23(8):4115Dhaliwal NK, Razzaq L. Cureus. 2025;17(6):e86483.Lundbeck. Data on fileFeldhaus AL, et al. Endocrinology 2017;158(1):1-8Xing Y, et al. J Endocrinol 2011;209(3):327-35CONTACT:
H. Lundbeck A/S
Ottiliavej 9, 2500 Valby, Denmark
+45 3630 1311
[email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/h--lundbeck-a-s/r/lundbeck-to-present-new-patient-data-on-neuroendocrine-and-neuroimmunology-programs-at-endo-2026,c4359848

The following files are available for download:

View original content:https://www.prnewswire.com/news-releases/lundbeck-to-present-new-patient-data-on-neuroendocrine-and-neuroimmunology-programs-at-endo-2026-302796359.html

SOURCE H. Lundbeck A/S

Leopold Aschenbrenner is not an ordinary hedge fund manager. The former OpenAI researcher has built a fund, Situational Awareness, that now manages roughly $13.7 billion per its latest 13F filing.

According to a recent 13G filing with the Securities and Exchange Commission (SEC), Situational Awareness recently bought 12.4 million shares of Nebius Group (NBIS +0.43%) -- representing a 5.6% ownership stake in the neocloud company.

Aschenbrenner's Nebius position is not a random allocation. Rather, it fits a meticulously constructed artificial intelligence (AI) infrastructure thesis that's on display across his fund's entire book.

Image source: The Motley Fool.

Why did Leopold Aschenbrenner just buy Nebius stock? Situational Awareness is aggressively long the physical infrastructure layer of AI data center build-outs. Specifically, Aschenbrenner's portfolio includes meaningful positions in competing neoclouds Iren (IREN 0.17%) and CoreWeave (CRWV 3.86%).

Iren is former Bitcoin miner pivoting its infrastructure to help manage AI workloads. Back in November, Iren secured a $9.7 billion capacity deal with Microsoft. More recently, the company also inked $5.5 billion worth of deals with Nvidia.

Meanwhile, CoreWeave boasts a backlog exceeding $99 billion and works with hyperscalers including OpenAI, Anthropic, and Meta Platforms.

Adding Nebius completes the pure-play neocloud trifecta, each riding the same secular infrastructure demand tailwinds.

What are neoclouds and why do they matter for AI? A neocloud is a cloud infrastructure provider serving GPU-intensive AI workloads, including model training, inference deployments, and agentic systems at scale. Unlike hyperscalers such as Amazon Web Services (AWS), Microsoft Azure, or Google Cloud Platform (GCP), which offer bundled services across compute, database management, data analytics, and storage, neoclouds focus purely on leasing access to GPU hardware designed specifically for managing AI applications.

The neocloud business model is increasingly important because hyperscalers are struggling to provision enough GPU capacity to meet demand from premier AI labs and large enterprises. Given some of the deals referenced above, it's clear that even the hyperscalers are starting to outsource GPU capacity to neoclouds rather than compete with them.

Today's Change

(

0.43

%) $

0.92

Current Price

$

212.61

Should you buy Nebius stock right now? Nebius reported revenue of $399 million during the first quarter, up 684% year over year. According to management, the company is on pace to achieve between $7 billion and $9 billion in annualized run rate revenue by year-end.

Given the company's current market capitalization of $58 billion, this would imply a forward price-to-sales (P/S) multiple of roughly 6.4 at the high end of Nebius' ARR guidance. I do not see this as unreasonable for an AI infrastructure business growing at this pace with contracted, multiyear agreements from some of the largest AI hyperscalers.

With that said, Nebius' stock has already skyrocketed by more than 176% in 2026. If management delivers on its ARR target, investors could be buying into a hypergrowth story at a fairly reasonable price point relative to the frothy valuations seen during prior years of the AI revolution.

The risk, however, is that current momentum could be overextended. Investors following Aschenbrenner into Nebius are arguably paying a premium for a story the market already knows -- all at a price that leaves little room for execution error. While I like Nebius as a long-term AI infrastructure opportunity, I think there will be better entry points for the stock.

Adam Spatacco has positions in Alphabet, Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Bitcoin, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

June 03, 2026 07:01 ET  | Source: IREN

NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the signing of a transmission connection agreement to support a planned 800MW data center campus in Bundey, South Australia.

Highlights

800MW data center campus in Bundey, South AustraliaHigh-voltage transmission connection secured into the utility’s substationOn track to commence energization from 2028Submarine fiber connectivity into key Asia-Pacific demand centersExpected to create over 200 ongoing skilled jobs, plus more than 500 during construction This marks IREN’s first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date. The site is located approximately 78 miles northeast of Adelaide.

Asia-Pacific is among the world’s fastest-growing sources of AI demand, with a significant gap between projected demand and available infrastructure. South Australia's grid targets reaching 100% net renewable energy by 2027, and the site benefits from submarine fiber connectivity into major regional demand centers including Singapore, Indonesia, South Korea, and Japan.

The transmission connection agreement secures four 330kV feeder exits at the utility’s substation, expected to support up to 800MW without requiring network upgrades. IREN expects to commence early works and procurement in parallel with satisfaction of regulatory approvals and conditions under the transmission connection agreement.

Daniel Roberts, Co-Founder and Co-CEO of IREN, said:

“South Australia offers what AI infrastructure at scale requires: abundant clean energy, the connectivity to serve the APAC region, and a State Government that understands the opportunity and is acting on it.

“The Bundey campus is able to serve global and regional AI demand, as well as South Australia's own growing need for AI compute. We look forward to partnering with the Government of South Australia, local communities and industry to expand domestic access to AI infrastructure, support research and innovation, and help build the skills and jobs the AI economy requires.”

Peter Malinauskas, Premier of South Australia, said:

“Data centres are a significant economic opportunity, which can bring high-quality jobs, stronger renewable energy infrastructure, and new opportunities for regional communities.

“South Australia’s leadership in renewable energy, our record investment in higher education, our unashamed pro-jobs and pro-business outlook and appointing the nation’s first dedicated Minister for Artificial Intelligence means we are uniquely placed to seize the opportunities of AI.

“IREN’s proposed Bundey campus represents a significant investment in our state, with the potential to create hundreds of construction jobs, support long-term skilled roles, and strengthen South Australia’s position as a technology and innovation hub for the Asia-Pacific region.”

About IREN

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.

Contacts

Investors
[email protected]

Media
[email protected]

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets, expectations relating to capital expenditures, anticipated hardware deliveries, receipt of planning, environmental, grid and other regulatory approvals and completion of applicable grid studies, pipeline capacity, geographic expansion initiatives, labor requirements, job and skills creation, economic benefits and trends we expect to affect our business. These statements often include words such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target,” “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to differ materially from any future results performance or achievements expressed or implied by the forward-looking statements, including IREN’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized run-rate revenue and operating capacity, continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services), along with other important factors discussed under the caption “Risk Factors” in IREN’s Annual Report on Form 10-K, filed with Securities and Exchange Commission (the “SEC”) on August 28, 2025 and our other filings with the SEC. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Technical Momentum Reaches Top TierAccording to Benzinga Edge, the CIFR‘s stock momentum score surged week-on-week to reach a near-perfect 98.89. This proprietary ranking evaluates a stock’s relative strength based on its price movement patterns and volatility across multiple timeframes, ranking it as a percentile relative to other stocks.

The technical surge is backed by staggering price action. Shares are up 663.90% over the past year, complemented by a 53.99% leap over the last month alone.

Benzinga Edge Stock Rankings‘ price trend indicators confirm this broad strength, signaling positive upward trends across the short-term, medium-term, and long-term.

Bernstein Projects 22% Upside On AI PivotOn June 3, Bernstein SocGen Group initiated coverage on CIFR with an “Outperform” rating and a $32.00 price target, implying a projected 21.95% upside from the current level.

Bernstein highlights Cipher’s unique positioning to capitalize on explosive AI data center demand. The firm noted Cipher’s active multi-GW power development pipeline and a massive ~$24 billion order book backed by hyperscaler sponsorship.

Analysts emphasized that the company’s capital-light lease model will lead to a rapid AI-revenue ramp-up, allowing them to solve the critical “time to compute” bottleneck for major tech players.

With a planned 30 GW power portfolio and soaring market momentum, Cipher Digital is making a compelling case as the premier infrastructure play of 2026.

CIFR Stock Gains In 2026CIFR shares have risen 77.78% year-to-date and 40.85% in the six months. Meanwhile, the Nasdaq Composite index was up 15.57% YTD.

It has traded in a 52-week range of $3.29 to $28.62. The stock was lower by 3.20% in premarket on Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image via Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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IREN Limited (NASDAQ:IREN) shares faced intense selling pressure on Thursday. This downward movement follows a sharp reversal from Wednesday’s gains, which were driven by a major network expansion announcement.

• IREN stock is taking a hit today. Why is IREN stock dropping?

Broader Cryptocurrency Market Sell-OffTransitioning Business Model ExposureDespite its active pivot toward artificial intelligence (AI), market experts emphasize that IREN remains highly sensitive to Bitcoin's price fluctuations.

The company operates data centers powered by renewable energy across Canada and the U.S. While IREN is converting its Bitcoin mining capacity for AI cloud infrastructure and working with leaders such as Microsoft, its historical ties to digital asset mining leave it exposed to crypto market volatility.

Current Short InterestThe stock’s technical setup shows shifting dynamics. In the latest reporting period, short interest in IREN decreased from 58.36 million to 50.94 million shares, leaving 14.72% of the company’s public float sold short. Based on its recent average daily trading volume of 64 million shares, short sellers would require approximately one day to cover their positions.

Bundey Campus Momentum PausesThursday’s decline stalls the momentum gained on Wednesday, when IREN announced a transmission connection agreement for a planned 800MW data center campus in Bundey, South Australia.

Highlighting the long-term vision, co-founder and co-CEO Daniel Roberts stated that South Australia offers the “clean energy, connectivity and policy support needed for AI infrastructure development at scale.” The project targets energization starting in 2028.

IREN Stock: Key Levels and Momentum IndicatorsThe bigger-picture trend is still pointed up: IREN is trading about 3.5% above its 20-day SMA at $58.78 and roughly 31.1% above its 200-day SMA at $46.39, which is classic pullback within an uptrend positioning. The 20-day SMA is also above the 50-day SMA, and the 50-day SMA is above the 200-day SMA, keeping the trend stack bullish.

From a structure standpoint, the stock is still working below its 52-week high of $76.87 after a recent swing high in May.

IREN Stock Price Activity: Iren shares were down 4.96% at $62.44 at the time of publication on Thursday, according to Benzinga Pro data.

Photo by T. Schneider via Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

The global scramble for artificial intelligence (AI) dominance has created an unforeseen bottleneck, one of the most important constraints for AI infrastructure growth, alongside chip availability, data center capacity, and deployment timelines.

Hyperscale cloud providers and AI leaders are no longer just fighting for GPUs; they are in a desperate, worldwide hunt for raw, permitted electrical capacity. This frantic search for grid-connected real estate is revealing a new class of kingmakers: legacy Bitcoin miners who have spent years quietly accumulating a valuable and increasingly scarce asset for AI data centers: grid-connected power.

Get IREN alerts:

More Than a Data Center, It's a Strategic Power MoatIREN Today

$51.14 -0.38 (-0.73%)

As of 09:36 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$9.52▼

$76.87P/E Ratio107.53

Price Target$82.62

IREN Limited NASDAQ: IREN is aggressively capitalizing on this structural shift, executing a pivot from a volatile crypto miner into a vertically integrated AI Cloud infrastructure provider.

The latest move, a landmark transmission connection agreement for a planned 800MW data center campus in Bundey, South Australia, perfectly illustrates this strategy.

Announced on June 3, 2026, the deal is less about building another data center and more about monetizing a scarce resource.

The agreement secures four 330kV feeder exits directly from the local utility's substation, a critical advantage that enables the full 800MW capacity without requiring costly, time-consuming network upgrades. Situated near major submarine fiber routes connecting to key Asia-Pacific demand centers like Singapore and Japan, and located in a region targeting 100% net renewable energy by 2027, the Bundey campus is a strategically important expansion for IREN’s AI infrastructure platform. It provides a clear path to energization by 2028, offering hyperscalers a solution to their most pressing challenge: finding massive, stable power in geopolitically friendly regions.

Microsoft's Backing Unlocks an Ultra-Efficient Capital StackMicrosoft Today

$391.79 -5.57 (-1.40%)

As of 09:36 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$356.28▼

$555.45Dividend Yield0.93%

P/E Ratio23.52

Price Target$561.20

Executing a pivot of this magnitude requires a sophisticated and robust capital structure.

IREN has demonstrated its ability to secure institutional backing, not as a Bitcoin miner, but as a critical infrastructure partner for Big Tech.

On June 1, 2026, IREN closed a $3.65 billion investment-grade GPU financing facility to support its AI Cloud contract with Microsoft NASDAQ: MSFT.

The facility's A and A(low) ratings from Fitch and DBRS, respectively, are anchored by Microsoft's offtake agreement, signaling that credit markets are underwriting IREN based on the quality of its contracted cash flows, not the price of Bitcoin.

The structure is exceptionally efficient. While the blended cost of debt is 6%, the deal includes significant customer prepayments from Microsoft, which act as a zero-interest funding source. This drags the all-in average financing cost for the required $5.81 billion in GPU capital expenditure down to an impressively low 3.31%.

Further bolstering its balance sheet, IREN recently secured a $3.0 billion convertible note offering due in 2033. This move provides a long-term runway to fund its massive capex pipeline, while a concurrent capped call hedge mitigates immediate equity dilution for existing shareholders. This is the type of disciplined financial engineering that signals a management team focused on long-term value creation through a period of intense capital deployment.

Trading a Crypto Multiple for a Utility PremiumThe market is rapidly re-rating IREN, recognizing the valuation arbitrage underway. This isn't just a narrative shift; it's a fundamental repricing of the business. Bitcoin miners historically trade at low multiples due to the volatility of their underlying asset, whereas stable infrastructure providers command premium valuations for their predictable, long-term cash flows. IREN is actively forcing the market to trade the former for the latter.

While the Q3 2026 earnings report showed a top-and-bottom-line miss driven by the legacy mining operations, this headline figure obscures the growth in the business segment that matters. AI Cloud Services revenue for IREN rose 142% quarter-over-quarter, growing from $7 million to $17 million. This provides the definitive proof-of-concept for the AI infrastructure pivot, demonstrating real demand and a clear path to the targeted $4.4 billion in annualized run-rate revenue, which IREN says is not fully contracted and depends on assumptions around GPU delivery, commissioning, utilization, and pricing.

Institutional money is taking notice and voting with capital. Recent filings show multiple institutional investors increasing their positions, all citing the AI infrastructure buildout as the chief reason. This institutional accumulation is putting immense pressure on short-sellers who have bet against the transition.

Exchange data reveals a significant short capitulation is already in progress, with short interest declining from a peak of 58.36 million shares to 50.94 million. This represents nearly 7.5 million shares covered as bears are forced to reconsider a thesis predicated on a business model that is rapidly becoming legacy.

A New Power Broker EmergesIREN Stock Forecast Today12-Month Stock Price Forecast:
$82.62
60.36% Upside

Moderate Buy
Based on 19 Analyst Ratings

Current Price$51.52High Forecast$105.00Average Forecast$82.62Low Forecast$46.00IREN Stock Forecast Details

IREN is no longer a simple proxy for the volatile crypto cycle. IREN is a hyperscale landlord hoarding the AI economy's most critical asset.

The strategic land grab in Australia, backed by billions in investment-grade financing and validated by exponential growth in its AI Cloud segment, signals a fundamental transformation.

Investors focused on the structural buildout of the AI economy may find the transition from hashrate to hyperscale a compelling case study in strategic asset monetization.

The execution risk associated with such a large-scale capital deployment remains a key factor to monitor, but for those with a long-term view, IREN appears poised to become a key power broker in the new AI economy.

Should You Invest $1,000 in IREN Right Now?Before you consider IREN, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IREN wasn't on the list.

While IREN currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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MarketBeat's analysts have just released their top five short plays for June 2026. Learn which stocks have the most short interest and how to trade them. Click the link to see which companies made the list.

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Responding to a prominent Bitcoin (CRYPTO: BTC) investor’s anecdote about a quantum firm’s impossible mining pitch, Shkreli bluntly declared, “They were lying.”

The ‘Trivial’ Bitcoin PitchThe controversy ignited over a social media post from Mike Alfred, a value equity investor who sits on the board of Bitcoin mining company IREN Ltd. (NASDAQ:IREN).

Alfred shared that a major quantum company advised him to stop investing in crypto mining, claiming their technology made it “relatively trivial” to mine all remaining unmined Bitcoin in a mere 48 hours.

Shkreli explicitly named IONQ as the culprit behind the outlandish claim. “IONQ said this to a lot of people and they were lying,” Shkreli posted on X.

When a user expressed disappointment that he didn’t reiterate his usual call to short the stock, Shkreli casually responded, “I mean, yeah, of course.”

A History Of ‘Crazy’ StatementsShkreli has consistently referred to the quantum hardware developer as “one of the best shorts” of his career, repeatedly accusing the company and its peers of relying on revenue gimmicks.

Adding fuel to his short thesis, critics have pointed out that Chapman previously liquidated nearly 80% of his beneficial stake when the stock’s valuation peaked.

Reality Check On Quantum HypeThe notion that any current quantum computer could mine the remaining Bitcoin supply in two days is widely considered a massive technological stretch.

How Has IONQ Performed In 2026?Shares of IONQ have advanced by 39.96% year-to-date. It closed 10.60% higher at $62.80 apiece on Monday, and it was 2.07% higher in premarket on Tuesday.

Over the last month, IONQ stock was up 27.57%, and it rose 15.53% over the last six months and 60.94% over the year. Benzinga’s Edge Stock Rankings indicate that IONQ maintains a strong price trend in the short, long, and medium terms.

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Key Takeaways IREN plans an 800MW data center campus in South Australia, with energization starting in 2028.The Bundey site connects to major Asian markets through submarine fiber links and regional connectivity.IREN aims to address rising APAC AI demand with additional computing capacity and transmission access. IREN Limited (IREN - Free Report) recently announced plans to develop an 800-megawatt data center campus in Bundey, South Australia. The project is the company's first announced data center campus in Australia and adds a new growth market to its AI infrastructure platform. IREN has secured a transmission connection agreement that provides access to four 330kV feeder exits at the utility substation. IREN expects this agreement to support up to 800 megawatts of capacity without requiring network upgrades. Energization of the Australia campus is expected to begin in 2028.

The project is aimed at serving growing AI infrastructure demand across the Asia-Pacific region. IREN sees Asia-Pacific as one of the fastest-growing sources of AI demand globally, where available AI infrastructure in the region remains limited. IREN believes that the region's large population, growing AI adoption and shortage of computing infrastructure create an opportunity to develop additional AI capacity closer to customers in the region.

A key feature of the Bundey campus is its connectivity to major Asian markets. The site has submarine fiber links to Singapore, Indonesia, South Korea and Japan. These countries are important markets for cloud computing and AI workloads. Management expects Australia to serve as a regional hub for AI infrastructure because it combines power availability with connectivity to major Asia-Pacific demand centers.

The company expects the Bundley project to create more than 500 construction jobs and more than 200 ongoing skilled jobs once operational. As of now, the campus remains several years away from energization and securing transmission access will be an important step because access to power is one of the biggest constraints for large-scale AI infrastructure projects. The above-mentioned factors show how the project provides IREN with an additional platform to support future growth and help meet rising AI demand in the Asia-Pacific region.

IREN Stock Faces Stiff CompetitionIREN faces intense competition from Applied Digital (APLD - Free Report) and TeraWulf (WULF - Free Report) in the AI infrastructure space.

In May 2026, Applied Digital signed a 15-year lease agreement with a U.S.-based investment-grade hyperscale customer for Polaris Forge 3, APLD’s fourth AI data center campus. Polaris Forge 3 will provide 300 MW of IT capacity and will be supported by approximately 430 MW of utility power, and will be used to support large-scale AI training and inference workloads. The agreement increases APLD's total contracted lease revenues across four AI Factory campuses to approximately $31 billion.

In May 2026, TeraWulf acquired the Muskie Data Campus, a new AI and high-performance computing (HPC) development site in Eastern Kentucky. The campus is expected to support more than 1 GW of data center capacity. The Muskie Data Campus becomes TeraWulf’s second major digital infrastructure campus in Kentucky, in addition to its 480 MW Justified Data campus in Hancock County. The acquisition expands WULF’s development pipeline and increases its ability to support AI and HPC customers across different regions and power markets.

IREN’s Price Performance, Valuation & EstimatesShares of IREN have surged 56.2% in the year-to-date period against the Zacks Financial Miscellaneous Services industry’s decline of 11.9%.

IREN YTD Price Return Performance
Image Source: Zacks Investment Research

IREN shares are overvalued, as suggested by the Value Score of F. In terms of forward price/sales, IREN is trading at 8.37X compared with the industry’s 2.81X.

IREN Forward 12 Months (P/S) Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for IREN’s bottom line in fiscal 2026 is pegged at a loss of 32 cents per share, revised downward over the past 30 days. IREN reported earnings of 4 cents per share in fiscal 2025.

Image Source: Zacks Investment Research

Currently, IREN carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Almost six months ago, our December 2025 piece Analysts See Triple-Digit Revenue Growth in 2026 for These 3 AI Infrastructure Stocks argued that three names sat in the sweet spot of the AI buildout: Nebius (NASDAQ: NBIS | NBIS Price Prediction) with an annual recurring revenue (ARR) ramp implying up to roughly 1,600% growth, IREN (NASDAQ: IREN) targeting over 500% growth, and CoreWeave (NASDAQ: CRWV) with up to 138% growth. The thesis was that hyperscaler graphics processing unit (GPU) demand was outrunning supply, and these three would convert contracted power into booked revenue faster than their peers.

The mid-year report card shows mixed results. One name blew past the bar, one cleared the growth target despite widening losses, and one missed the headline number while quietly rebuilding the business. We graded each on stock performance and whether the company is executing toward the revenue and ARR run-rate that justified the call.

3. IREN: Thesis on the Clock Data center operator IREN is the most uncomfortable name on the scorecard. Q3 FY2026 revenue came in at $144.80 million, a 2.2% year-over-year decline that missed consensus estimates. The triple-digit growth claim did not hold.

Bitcoin mining revenue fell to $111.20 million as hardware was decommissioned, while AI Cloud Services climbed from $7.30 million to $17.30 million to $33.60 million across three quarters. Management anchors its outlook to a $3.70 billion annualized run-rate by year-end 2026, backed by a $3.40 billion five-year Nvidia AI Cloud contract and a $9.70 billion Microsoft partnership.

Shares trade at $54.02, up 43.0% year to date but down 18.9% in the past week. The 247Factor model flags a base-case target of $113.72 with 110.52% upside, though the 4.23 beta reflects volatility. The execution question is whether AI Cloud revenue can offset the mining cliff fast enough to validate that ARR target.

2. CoreWeave: Thesis Intact, Bill Coming Due Cloud computing company CoreWeave delivered on the growth promise. Q1 2026 revenue hit $2.08 billion, up 111.7% year over year and 5.8% above the $1.96 billion consensus. Revenue backlog reached $99.4 billion, including a $21 billion Meta commitment, and active power surpassed 1 GW with a path to more than 8 GW by 2030.

Net loss widened to $740 million, interest expense doubled to $536 million, and capex hit $7.695 billion in a single quarter. Total liabilities reached $50.814 billion, against $55.573 billion in assets. Forward EPS came in at −$1.40, so traditional P/E math does not apply.

The stock reflects ambivalence: trading at $98.45, up 37.5% year to date but down 39.3% over the past year. Nearly two-thirds of surveyed analysts recommend buying shares, and they have a $140.18 mean target price. CEO Michael Intrator called it “the strongest bookings quarter in CoreWeave’s history.” The key question is whether operating leverage can outpace interest expense before the next refinancing window.

1. Nebius: Thesis Confirmed Amsterdam-based Nebius is the clear winner. Q1 2026 revenue reached $399.0 million, up 684% year over year, with the AI Cloud segment producing $389.7 million at 841% year-over-year growth. EPS came in at $2.11, and adjusted EBITDA flipped positive to $129.5 million. Cost of revenue compressed from 49% to 26%.

Management reaffirmed FY2026 revenue guidance of $3.0 billion to $3.4 billion, an ARR target of $7.0 billion to $9.0 billion, and more than 4 GW contracted power by year-end. Remaining performance obligations stand at $33.59 billion, anchored by a $27 billion five-year Meta agreement and a $2 billion Nvidia pre-funded warrant investment.

Shares trade at $220.12, up 163.0% year to date and 318.6% over one year, even after a 15.5% one-week pullback. The 247Factor model carries a $280.62 base-case target with 27.48% upside and 0.9 confidence. CEO Arkady Volozh said: “Our capacity footprint is expanding rapidly, our full-stack cloud platform is world-class from the infrastructure layer all the way up to our inference and agentic capabilities.” The execution question is narrower: can the Pennsylvania, Finland, and Missouri sites energize on schedule to feed the Meta and Microsoft ramps?

One titan is soaring with 684% growth while another stares down a $50 billion debt mountain. This is the brutal reality behind the AI infrastructure hype. The Scorecard Verdict The original premise required triple-digit revenue growth backed by credible run-rate progress. Nebius cleared both bars, with margin expansion as a bonus. CoreWeave delivered the growth and a $99.4 billion backlog, but the funding stack is the active risk. IREN missed the headline number because mining is being deliberately torn down, leaving the AI Cloud ramp to prove itself by year-end. One thesis is confirmed, one is intact but on a debt clock, and one still needs the second-half earnings report to justify the call.