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For the quarter ended December 2025, Onestream (OS - Free Report) reported revenue of $163.73 million, up 23.6% over the same period last year. EPS came in at $0.12, compared to $0.07 in the year-ago quarter.

The reported revenue represents a surprise of +4.18% over the Zacks Consensus Estimate of $157.16 million. With the consensus EPS estimate being $0.05, the EPS surprise was +140%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Onestream performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Professional services and other: $9.45 million versus the seven-analyst average estimate of $6.6 million. The reported number represents a year-over-year change of +36.8%.Revenues- Subscription: $150.31 million versus $146.25 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +26.7% change.Revenues- License: $3.98 million compared to the $3.94 million average estimate based on five analysts. The reported number represents a change of -42.9% year over year.View all Key Company Metrics for Onestream here>>>

Shares of Onestream have returned -0.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

The RealReal (REAL - Free Report) reported $194.05 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 18.3%. EPS of $0.06 for the same period compares to -$0.62 a year ago.

The reported revenue represents a surprise of +1.98% over the Zacks Consensus Estimate of $190.29 million. With the consensus EPS estimate being $0.04, the EPS surprise was +71.43%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how The RealReal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

GMV (Gross Merchandise Value): $615.68 million compared to the $591.63 million average estimate based on three analysts.Number of Orders: 960 versus the two-analyst average estimate of 941.AOV (Average Order Value): $641.00 compared to the $628.50 average estimate based on two analysts.Revenue- Direct revenue: $27.21 million compared to the $24.47 million average estimate based on three analysts. The reported number represents a change of +39.4% year over year.Revenue- Shipping services revenue: $17.82 million versus the two-analyst average estimate of $17.8 million. The reported number represents a year-over-year change of +9%.Revenue- Consignment revenue: $149.01 million compared to the $147.2 million average estimate based on two analysts. The reported number represents a change of +16.3% year over year.View all Key Company Metrics for The RealReal here>>>

Shares of The RealReal have returned -21.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

For the quarter ended December 2025, SBA Communications (SBAC - Free Report) reported revenue of $719.58 million, up 3.7% over the same period last year. EPS came in at $3.19, compared to $1.61 in the year-ago quarter.

The reported revenue represents a surprise of -0.74% over the Zacks Consensus Estimate of $724.91 million. With the consensus EPS estimate being $3.25, the EPS surprise was -1.85%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how SBA Communications performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Sites owned - International: 28,934 compared to the 28,721 average estimate based on three analysts.Sites owned - Total: 46,328 versus the three-analyst average estimate of 46,127.Sites owned - Domestic: 17,394 versus 17,406 estimated by three analysts on average.Sites owned previous- International: 27,172 versus the two-analyst average estimate of 27,297.Sites owned previous- Total: 44,581 versus 44,581 estimated by two analysts on average.Sites built - Total: 164 compared to the 218 average estimate based on two analysts.Sites decommissioned - Total: -443 compared to the 163 average estimate based on two analysts.Sites decommissioned - Domestic: -30 compared to the -15 average estimate based on two analysts.Revenues- Site Leasing: $666.22 million compared to the $668.75 million average estimate based on three analysts. The reported number represents a change of +3.1% year over year.Revenues- International Site Leasing: $201.67 million versus $197.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +15.6% change.Revenues- Domestic Site Leasing: $464.55 million versus $471.45 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.6% change.Revenues- Site Development: $53.37 million versus the three-analyst average estimate of $56.17 million. The reported number represents a year-over-year change of +12.7%.View all Key Company Metrics for SBA Communications here>>>

Shares of SBA Communications have returned +7.1% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

New York, New York--(Newsfile Corp. - February 26, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of BellRing Brands, Inc. (NYSE: BRBR) between November 19, 2024 and August 4, 2025, both dates inclusive (the "Class Period"), of the important March 23, 2026 lead plaintiff deadline.

SO WHAT: If you purchased BellRing 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 BellRing class action, go to https://rosenlegal.com/submit-form/?case_id=51444 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 March 23, 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 handle 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, BellRing develops, markets, and sells "convenient nutrition" products such as ready-to-drink ("RTD") protein shakes primarily under the brand name Premier Protein. During the Class Period, defendants represented that sales growth reflected increased end-consumer demand, attributing results to "organic growth," "distribution gains," "incremental promotional activity," and "[s]trong macro tailwinds around protein" among other factors. At the same time, defendants downplayed the impact of competition on demand, insisting BellRing was not experiencing any significant changes in competition, and that in the RTD category particularly, BellRing possessed a "competitive moat," given that "the ready-to-drink category is just highly complex" and the products are "hard to formulate." As alleged, in truth, BellRing's reported sales during the Class Period were driven by its key customers stockpiling inventory and did not reflect increased end-consumer demand or brand momentum. Following the destocking, BellRing admitted that competitive pressures were materially weakening demand. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the BellRing class action, go to https://rosenlegal.com/submit-form/?case_id=51444 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/285570

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.

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NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Lakeland Industries, Inc. (NASDAQ: LAKE) between December 1, 2023 and December 9, 2025, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 24, 2026.

SO WHAT: If you purchased Lakeland 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 Lakeland class action, go to https://rosenlegal.com/submit-form/?case_id=50020 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 April 24, 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. 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Lakeland was experiencing significant, sustained issues with its Pacific Helmets and Jolly businesses, including, inter alia, shipping-related delays, production issues, and slower than expected rollout of new products; (2) accordingly, defendants overstated the anticipated and actual positive impact of these businesses on Lakeland’s financial results, as well as the overall strength and quality of Pacific Helmets’ and Jolly’s respective operations; (3) Lakeland’s business and financial results were significantly deteriorating because of, inter alia, tariff-related headwinds and timing, certification delays, and material flow issues in its acquired businesses; (4) accordingly, defendants overstated the strength of their tariff mitigation measures and “small, strategic, and quick” (“SSQ”) M&A strategy; (5) as a result of all the foregoing issues, defendants’ financial guidance was unreliable; and (6) 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 Lakeland class action, go to https://rosenlegal.com/submit-form/?case_id=50020 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

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SummaryNVIDIA delivered record Q4 results, driven by Data Center revenue and robust AI hyperscaler capex, prompting a reiterated "Buy" rating and raised price target.Q4 non-GAAP EPS of $1.62 and revenue of $68.1 billion surpassed consensus, with guidance and free cash flow trends remaining highly positive.NVDA benefits from strong demand for Blackwell and Rubin architectures, expanding into Sovereign AI, and maintaining impressive operating leverage and profitability.Key risks include a potential AI capex slowdown, macroeconomic headwinds, and rising competition, but technicals signal a possible bullish breakout above $197. Robert Way/iStock Editorial via Getty Images

NVIDIA (NVDA) popped, then dropped in the hours after reporting Q4 earnings on Wednesday, February 25. By the following morning, shares were down modestly, which seemed to counter what was a gangbuster set of revenue and profit

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

ICF International, Inc. (ICFI) Q4 2025 Earnings Call Transcript

New York, New York--(Newsfile Corp. - February 26, 2026) - WHAT: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Apollo Global Management, Inc. (NYSE: APO) resulting from allegations that Apollo may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Apollo securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=1323 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On February 1, 2026, Financial Times published an article entitled "Apollo chief Marc Rowan consulted Epstein on firm's tax affairs". The article stated that top "Apollo Global Management executives including chief Marc Rowan held wide-ranging discussions over the firm's tax arrangements with Jeffrey Epstein throughout the 2010s, despite the private capital firm having previously said it 'never did any business' with the child sex offender."

On this news, Apollo stock fell 1% on February 2, 2026, and 4.76% on February 3, 2026.

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. 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. At the time 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.

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/285575

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

Whirlpool (WHR - Free Report) ended the recent trading session at $69.13, demonstrating a -2.3% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.54%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 1.18%.

The maker of Maytag, KitchenAid and other appliances's shares have seen a decrease of 12.5% over the last month, not keeping up with the Consumer Discretionary sector's loss of 2.3% and the S&P 500's gain of 0.58%.

The investment community will be paying close attention to the earnings performance of Whirlpool in its upcoming release. On that day, Whirlpool is projected to report earnings of $0.77 per share, which would represent a year-over-year decline of 54.71%. Simultaneously, our latest consensus estimate expects the revenue to be $3.51 billion, showing a 3.2% drop compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.49 per share and revenue of $15.3 billion, indicating changes of +4.17% and -1.48%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for Whirlpool. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 8.61% lower. Currently, Whirlpool is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Whirlpool is currently trading at a Forward P/E ratio of 10.9. This represents no noticeable deviation compared to its industry average Forward P/E of 10.9.

Investors should also note that WHR has a PEG ratio of 1.12 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Household Appliances industry had an average PEG ratio of 1.12 as trading concluded yesterday.

The Household Appliances industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 14, finds itself in the top 6% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Medpace (MEDP - Free Report) closed the most recent trading day at $447.09, moving +2.06% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.54%. Elsewhere, the Dow saw an upswing of 0.03%, while the tech-heavy Nasdaq depreciated by 1.18%.

The provider of outsourced clinical development services's shares have seen a decrease of 26.73% over the last month, not keeping up with the Medical sector's loss of 0.62% and the S&P 500's gain of 0.58%.

The upcoming earnings release of Medpace will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.74, reflecting a 1.91% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $694.24 million, up 24.29% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $17.07 per share and a revenue of $2.81 billion, demonstrating changes of +11.71% and +11%, respectively, from the preceding year.

Any recent changes to analyst estimates for Medpace should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.66% higher within the past month. Medpace is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Medpace's current valuation metrics, including its Forward P/E ratio of 25.67. This signifies a premium in comparison to the average Forward P/E of 16.26 for its industry.

It's also important to note that MEDP currently trades at a PEG ratio of 2.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Medical Services industry stood at 1.69 at the close of the market yesterday.

The Medical Services industry is part of the Medical sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 39% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

In the latest trading session, AeroVironment (AVAV - Free Report) closed at $259.62, marking a +1.72% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.54% for the day. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 1.18%.

The stock of maker of unmanned aircrafts has fallen by 16.85% in the past month, lagging the Aerospace sector's gain of 1.03% and the S&P 500's gain of 0.58%.

The investment community will be closely monitoring the performance of AeroVironment in its forthcoming earnings report. The company is predicted to post an EPS of $0.7, indicating a 133.33% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $480.05 million, showing a 186.36% escalation compared to the year-ago quarter.

AVAV's full-year Zacks Consensus Estimates are calling for earnings of $3.4 per share and revenue of $1.99 billion. These results would represent year-over-year changes of +3.66% and +142.73%, respectively.

Investors might also notice recent changes to analyst estimates for AeroVironment. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.91% lower. Right now, AeroVironment possesses a Zacks Rank of #3 (Hold).

Looking at its valuation, AeroVironment is holding a Forward P/E ratio of 75.13. This expresses a premium compared to the average Forward P/E of 37.75 of its industry.

We can also see that AVAV currently has a PEG ratio of 3.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Aerospace - Defense Equipment industry stood at 2.3 at the close of the market yesterday.

The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

The 11% Pi Coin Price Recovery Could Be Setting Up a New Low — Here Is How? Prefer us on Google

Pi Coin’s 11% rebound is forming inside a bearish continuation patternRetail buying rises, but large money outflows suggest weakening recovery strengthHidden momentum weakness shows rebound may be setting up a deeper breakdownPi Coin price has rebounded nearly 11% since its February 23 low, climbing back to the $0.174 zone. This kind of recovery usually signals strength and attracts fresh buyers expecting a larger rally.

But this rebound may not be bullish at all. Instead, it may be forming the final phase of a bearish structure. At the same time, retail traders are aggressively buying the dip, even as deeper indicators show the recovery is weakening. This creates a situation where the rebound itself could increase the risk of a fresh drop, courtesy of a technical pattern.

Pi Coin Rebound Is Happening Inside a Bearish Pattern, Yet Retail Buys AnywayPi Coin’s rebound is currently forming an inverted cup-and-handle pattern, a bearish structure that often leads to price declines. The current price rise represents the handle portion of this pattern. Handle rebounds often appear strong, but they typically fail below resistance and lead to breakdowns.

Pi Coin Price Structure: TradingViewWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

At the same time, money and volume indicators show a dangerous contradiction.

The On-Balance Volume (OBV), which tracks buying volume, has been rising steadily since February 23. This shows that traders are actively buying the dip and supporting the rebound. A push above the descending trendline could extend the dangerous rebound further, while keeping the entrants interested.

Pi Coin OBV: TradingViewThe Money Flow Index (MFI), which measures buying pressure using price and volume, confirms this behavior. Between February 16 and February 23, Pi Coin price continued falling and formed lower lows. But during the same period, MFI formed higher lows. This creates a bullish divergence in MFI.

Dip Buying Remains Strong: TradingViewA bullish divergence happens when buying pressure increases even while the price falls. The OBV-MFI rise confirms aggressive dip-buying. But this is exactly what makes the situation dangerous. Retail buying is possibly increasing, but the PI price is still trapped inside a bearish structure. This creates the conditions for a potential trap.

Momentum Is Rising, But Price Strength Remains WeakThe weakness becomes clearer when looking at momentum strength compared to price structure. Between January 27 and February 25, the Pi Coin price formed a lower high. This means the rebound remained weaker than the previous rally and confirmed that the broader trend is still down.

At the same time, the Relative Strength Index (RSI), which measures momentum strength, formed a higher high. This creates a hidden bearish divergence.

RSI Flashes Caution: TradingViewA hidden bearish divergence happens when momentum rises, but the price fails to break resistance. This usually signals that buyers are losing control, and the rebound may soon reverse into a pullback, extending the broader downtrend. When this happens inside a bearish chart pattern, the probability of a breakdown increases

This confirms that even though the Pi Coin price is rising, sellers might still be in control. But if retail is buying, who is selling?

Larger Investors Are Quietly Selling the Pi Network TokenThe contradiction becomes even more significant when examining large-scale financial activity. The Chaikin Money Flow (CMF), which tracks whether money is entering or leaving an asset, has been falling steadily and remains below zero. This shows that overall capital is still leaving Pi Coin.

This creates another bearish divergence. The Pi Coin price trended higher between February 11 and February 24, whereas the CMF, the technical proxy for large money, trended lower.

Money Flows Out Of PI: TradingViewThis strongly suggests that larger investors are likely selling into the rebound while retail traders continue buying. This type of behavior often appears before breakdowns. Retail buying helps push prices higher temporarily, but without support from larger investors, the move becomes unsustainable. This explains why Pi Coin’s rebound may be misleading and could even be a trap.

Pi Coin Price Levels Now Decide Whether Recovery Fails or SurvivesPi Coin is now approaching the most critical stage of this structure. If Pi Coin falls below $0.161, the bearish inverted cup and handle breakdown would likely confirm. This could push Pi Coin toward $0.130 (current low) and potentially as low as $0.122, which would mark a new low.

This would confirm that the 11% rebound was only a temporary recovery inside a larger downtrend. However, recovery is still possible if buyers regain control.

Pi Coin Price Analysis: TradingViewA move above $0.173 would show early strength returning. A break above $0.193 would weaken the bearish pattern significantly. A move above $0.207 would invalidate the bearish structure completely.

Until those resistance levels are reclaimed, the risk remains that Pi Coin’s rebound is not the start of a recovery. Instead, it may be the setup for the next decline.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Blockchain intelligence firm Arkham recently identified a public Ethereum address belonging to the LinkedIn co-founder and venture capitalist, Reid Hoffman. 

Their tracking data shows that Hoffman holds a substantial $6.1 million strictly in ETH. 

This shows that he has a heavily concentrated "long" position on the asset.

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On top of his liquid ETH holdings, Hoffman is the owner of a highly coveted CryptoPunk NFT, which Arkham noted he purchased for 150 ETH.

A long-time crypto aficionado Hoffman has been a vocal observer and active investor in the cryptocurrency space for over a decade.

Last year, he revealed that his investment in the crypto sector dated back to 2013. 

Hoffman recognized the staying power of the underlying technology long before crypto actually went mainstream. 

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In an interview with Wired back in 2015, he argued that either Bitcoin or an alternative cryptocurrency would be able to achieve mass market adoption. 

Hoffman has often pushed back against the idea that crypto is just a speculative asset. He envisions a world where blockchain technology removes intermediaries and creates micro-economies across the internet.

In December 2024, he celebrated Bitcoin reaching the $100,000 milestone for the first time. 

Hoffman is far from the only member of the "PayPal Mafia" with a deep conviction in cryptocurrency. Tesla CEO Elon Musk famously bought $1.5 billion worth of BTC for Tesla's balance sheet before later selling most of it over environmental concerns.

Peter Thiel was one of the earliest institutional mega-bulls on crypto. His venture capital firm, Founders Fund, quietly bought hundreds of millions of dollars worth of Bitcoin and Ethereum.

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Bitcoin took a beating Tuesday. The cryptocurrency plunged from recent highs around $45,000 to hover near $38,000 by February 27, catching traders off guard and sparking fresh debate about what’s really driving these wild swings.

Turns out it wasn’t some coordinated attack by big exchanges after all. Sources close to major trading desks say the selloff came from widespread position unwinding as individual traders bailed on their bets. Jane Street and Binance got fingered early on as potential culprits, but that theory pretty much fell apart once the real data came in. Instead, what we’re seeing is classic risk-off behavior – traders who rode Bitcoin’s rally decided to cash out when things got choppy.

The speed caught everyone off guard.

Market watchers say automatic triggers kicked in once Bitcoin hit certain price levels, creating a cascade effect that made the drop way worse than it needed to be. These algorithmic systems don’t care about fundamentals – they just see price action and react accordingly. And when you’ve got thousands of these systems all firing at once, well, things get ugly fast.

“We saw massive outflows starting around 2 PM Eastern,” said one trader at a major crypto desk who didn’t want to be named. “It wasn’t coordinated selling from institutions. It was retail and mid-tier players all heading for the exits at the same time.” The trader added that his firm’s risk management systems flagged unusual activity patterns consistent with position unwinding rather than strategic selling.

Bitcoin’s notorious for these kinds of moves, but this one felt different. The cryptocurrency had been climbing steadily through February, hitting peaks above $45,000 just days before the crash. That rally brought in tons of new money from traders who probably weren’t ready for this level of volatility.

MicroStrategy didn’t get the memo, apparently. Michael Saylor’s company bought another 5,000 Bitcoin on February 25 – right before the selloff began. That’s either really bad timing or supreme confidence in Bitcoin’s long-term prospects. Saylor’s been doubling down on Bitcoin for years now, so this latest purchase fits his pattern.

But the timing’s pretty wild when you think about it. While everyone else was running for the hills, MicroStrategy was backing up the truck. The company now holds over 190,000 Bitcoin, making it one of the biggest corporate holders in the world. This follows earlier reporting on Bitcoin Adoption Surges as Price Stagnates.

Coinbase saw trading volume spike during the chaos, which makes sense. Retail investors love to panic-trade during these kinds of events. The exchange’s systems held up better than some expected, though Kraken had to deal with temporary slowdowns as users flooded their platform.

Elon Musk chimed in on social media Tuesday night, reminding people that crypto’s inherently risky. His tweets about Bitcoin have moved markets before, though this time he seemed more focused on warning people than pumping prices. Tesla still holds Bitcoin on its balance sheet, so Musk’s got skin in the game too.

The SEC issued one of their standard “we’re watching” statements on February 26. They didn’t announce any new actions, but the timing wasn’t coincidental. Regulators always get nervous when crypto markets go haywire, and this selloff definitely qualified as haywire.

Things might get more interesting next week. The Federal Reserve meets March 1, and traders are already positioning for whatever Jerome Powell might say about monetary policy. Bitcoin’s become weirdly correlated with traditional risk assets lately, so Fed policy matters more than it used to.

The Bitcoin Fear & Greed Index swung hard into “extreme fear” territory, which isn’t surprising given the price action. Just last month, that same index was showing optimism as Bitcoin climbed toward $50,000. The swing from greed to fear happened fast – maybe too fast for some traders to adjust their strategies. Related coverage: Bitcoin drops sharply, devastating companies that.

Neither Jane Street nor Binance responded to requests for comment about their alleged involvement in the selloff. Their silence leaves questions hanging, but the evidence points away from coordinated exchange manipulation anyway. Sometimes the simplest explanation is the right one – traders got spooked and sold.

Market participants are still trying to figure out what comes next. Some see this as a healthy correction after Bitcoin’s recent run-up. Others worry it signals deeper problems with crypto market structure. The automated trading systems that amplified Tuesday’s selloff aren’t going anywhere, which means we’ll probably see more of these flash crashes in the future.

Bitcoin closed Wednesday trading around $38,200, still down roughly 15% from its February highs.

The selloff exposed vulnerabilities in crypto market infrastructure that regulators have been warning about for months. Automated trading systems accounted for roughly 60% of the volume during peak selling hours, according to blockchain analytics firm Chainalysis. These algorithms respond to price movements within milliseconds, creating feedback loops that can turn modest corrections into full-blown crashes.

Several major crypto lending platforms reported increased liquidation activity as leveraged positions got wiped out. Genesis Trading and BlockFi both confirmed higher-than-normal forced selling from margin calls, though neither disclosed specific dollar amounts. The cascade effect hit hardest between 2:30 and 3:15 PM Eastern, when Bitcoin dropped $2,000 in just 45 minutes.

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The bitcoin miner inked a deal with investment firm Starwood to convert and expand select facilities to serve data center needs for AI. Feb 26, 2026, 9:56 p.m.

MARA Holdings shares jumped 17% after the bitcoin mining firm announced Thursday a partnership with Starwood Capital Group to build large data centers across its existing U.S. sites.

The agreement will convert select MARA locations, many of which were originally developed for Bitcoin mining, into facilities serving enterprise cloud and artificial intelligence customers.

Starwood, which manages more than $125 billion of assets, will lead design, construction and tenant sourcing through its data center arm, Starwood Digital Ventures. The partners expect to deliver about 1 gigawatt of computing capacity in the near term, with plans to scale beyond 2.5 gigawatts over time. The two firms will jointly finance and operate the projects.

The deal marks a major pivot for MARA.

The company built its reputation as a bitcoin miner, but it controls sites with direct access to large power supplies. That access has become valuable as tech firms struggle to secure power for new AI data centers.

MARA's move fits into the trend of a slew of bitcoin miners repurposing their infrastructure to meet increasing demand for artificial intelligence compute. The pivot began after Bitcoin's recent halving cut miners' rewards in half. With rising power costs, shrinking bitcoin price and intensifying competition for mining, miners' profit margins have been squeezed, forcing most firms to diversify or completely pivot into hosting machines for AI firms.

Most recently, another bitcoin miner, Bitfarms (BITF), said that it is rebranding as Keel Infrastructure as part of its pivot from bitcoin mining to data center development for high-performance computing (HPC) and AI workloads.

However, for MARA, it's not ditching its identity as a bitcoin mining company. In fact, its CEO, Fred Thiel, said in a shareholder letter that "Bitcoin remains a core pillar of MARA’s strategy."

"While the timing of a recovery in bitcoin prices is difficult to predict, our long-term conviction in the asset class remains unchanged," Thiel added.

MARA has also reported fourth-quarter earnings, with revenues falling 6% to $202.3 million from $214.4 million in Q4 2024, citing a 14% decline in the average price of bitcoin mined over the quarter.

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Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally

4 hours ago

The violent move had more to do with hedge funds' overcrowded bearish positioning getting wiped out than the company’s financial performance, one analyst pointed out.

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Shares of Circle (CRCL), issuer of the USDC stablecoin, are now higher by 45% in the less than two sessions since its fourth quarter earnings report.Analysts pointed to a positioning-driven short squeeze rather than fundamentals as fueling the big move.Hedge funds have built up significant bearish bets against the stock and have lost roughly $500 million in this rally, according to 10x Research's Markus Thielen.

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PayPal, the digital payments company, has seen its stock price slump by almost half its value in recent months, which has led to conversations about who could realistically step in if a deal were ever pursued. Among the names circulating in online discussions is Ripple, the blockchain payments firm, which has been on a spree of acquisitions in recent months.

Although no talks have been confirmed, the idea of Ripple acquiring PayPal is interesting because of the overlap between both companies in digital payments, cross-border transfers, and stablecoins. The question now is what this potential acquisition would mean for Ripple’s ambitions in global finance.

Can Ripple Realistically Acquire PayPal? PayPal’s share price has fallen by around 46% over the past year, leading to discussions as to whether there might be a takeover of the company very soon. For instance, Fintech startup Stripe is reportedly in early discussions to potentially buy PayPal.

However, there have also been speculations among members of the XRP community as to whether Ripple might actually be in contention to acquire PayPal. Jay Nisbett, commenting on X, described the idea as purely speculation but also noted that it makes sense from a synergy standpoint. 

He pointed out that PayPal’s market capitalization is around the $40 billion mark, which is reportedly below Ripple’s latest private valuation. However, financing such a deal would still be complicated. PayPal is a publicly traded company with a large shareholder base, regulatory obligations, and global compliance frameworks. 

Ripple, on the other hand, is privately held. Any acquisition would likely require capital raises, structured financing, or even a reverse merger mechanism that allows Ripple to effectively enter public markets through PayPal’s listing.

Nisbett also noted that PayPal’s stablecoin, PYUSD, currently has a $4 billion market cap. An acquisition would allow this to be easily integrated into Ripple’s ecosystem with RLUSD and the XRP Ledger.

Another angle involves regulatory positioning. Ripple recently secured expanded regulatory approvals and financial licenses that could theoretically support payment operations on a broader scale. A PayPal acquisition would instantly plug Ripple into PayPal’s established banking and e-commerce distribution network. This includes Ripple’s large share of global online payment processing and its existing cross-border corridors, which are expected to be about 45% of the total market.

Ripple’s Growing Track Record Of Acquisitions Ripple has been expanding its footprint in recent months through a series of high-profile acquisitions that are placing its business beyond just payments on the XRP Ledger. To put this into context, Ripple has spent about $2.7 billion in acquisitions in the past three years. 

In 2025 alone, the company bought Hidden Road, a multi-asset prime brokerage firm; GTreasury, a global treasury management platform focused on corporate finance; and Rail, a stablecoin payments platform that focuses on cross-border payment capabilities. Ripple also acquired Palisade, a digital asset wallet and custody technology provider.

At this time, there are no confirmed discussions between Ripple and PayPal, and acquisition talks are all just speculation at this point.

XRP trading at $1.45 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Solana holds a weekly gain of 5% as $76–$90 range defines potential short-term structure and bullish outlook.

Solana faces a decisive moment as price action tightens between stubborn resistance and firm support. The token trades at $85.95 as of press time after a 4.15% daily drop. 

However, it still holds a 5.05% gain over the past week. With $5.18 billion in daily volume and a $48.9 billion market cap, participation remains strong. Consequently, analysts believe the next move could define Solana’s short-term structure.

CryptoPulse highlights the $88 to $90 zone as a major ceiling on the 12-hour chart. Price recently rebounded from $76 support and quickly approached this barrier. 

However, bulls have not secured a decisive breakout above $90. Hence, failure at this level could trigger a rotation back toward $81 mid-range support. A deeper rejection may even revisit the $76 demand area.

Moreover, traders notice repeated hesitation near $90. That behavior signals active sellers defending the level. If buyers clear $90 with conviction, upside momentum could accelerate rapidly. Until then, the range remains intact and traders expect choppy conditions.

Micro Support Keeps Bulls EngagedMorecryptoonl focuses on the $83.50 level as critical micro support. This area aligns with the 50% retracement and sits near the 38.2% level around $85.45. 

As long as price holds above $83.50, analysts favor one more push toward $90 to $94. That move could complete a fifth wave advance in the current structure.

However, a direct drop into $83.50 would signal a deeper wave four pullback. Consequently, the risk of revisiting $78 or even $75.47 would increase. Traders therefore monitor intraday reactions around this pivot. Additionally, strong defense at this level would reinforce bullish confidence.

Higher Timeframe Hints at Bottom FormationSource: X

Satoshi Flipper shifts attention to the three-day chart. He identifies the $75 to $85 band as a major historical support. This zone previously acted as resistance in 2022 and support in early 2024. Significantly, price now retests this area after falling from $240 highs.

Descending trendline pressure converges into the same demand region. Meanwhile, sell candles shrink, suggesting fading bearish momentum. 

If $75 holds, analysts project a relief rally toward $120. Moreover, a sustained recovery could target $160 to $180 later. However, a clean break below $70 would weaken the bullish thesis and expose $55.

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well-curated news from the crypto world!

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Contacts MBIA Inc.
Greg Diamond, 914-765-3190
Managing Director
Head of Investor and Media Relations
[email protected]

MBIA Inc.NYSE:MBI

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Contacts MBIA Inc.
Greg Diamond, 914-765-3190
Managing Director
Head of Investor and Media Relations
[email protected]

More News From MBIA Inc.

MBIA Inc. Reports Third Quarter 2025 Financial ResultsPURCHASE, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) today posted its third quarter 2025 financial results on its website at https://investor.mbia.com/investor-relations/financial-information/default.aspx. The financial results will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K available at sec.gov. As previously announced, the Company will host a webcast and conference call for investors on Wednesday, November 5 at 8:00 a.m. (ET) to discuss...

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LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM) announced today that Jim Rechtin, President and Chief Executive Officer, and Celeste Mellet, Chief Financial Officer, will make a presentation to investors at the Leerink Partners Global Healthcare Conference on Tuesday, March 10, 2026, at 10:40 a.m. Eastern time.

A live audio webcast of the presentation will be available via Humana’s Investor Relations page at https://humana.gcs-web.com/. The company suggests webcast participants sign on approximately 15 minutes in advance of the presentation to allow time to run a system test and download any free software needed for access purposes.

About Humana

Humana (NYSE:HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.

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STAMFORD, Conn. & CARPINTERIA, Calif.--(BUSINESS WIRE)--United Rentals Inc. (NYSE: URI), the world’s largest equipment rental company, and Procore Technologies (NYSE: PCOR), the leading global provider of construction management software, today announced a new strategic partnership and their first telematics integration. The integration enables shared customers to seamlessly bring United Rentals rental equipment data directly into the Procore Resource Management solution, expanding visibility and simplifying equipment management across jobsites.

The integration is part of United Rentals’ broader innovation strategy to provide customers with actionable information. By creating open integrations across the construction ecosystem, United Rentals aims to provide AI-driven insights that enhance productivity, safety and asset efficiency for customers.

“Access to accurate, real-time equipment data is essential for running efficient and productive jobsites,” said Tony Leopold, Chief Technology and Strategy Officer at United Rentals. “By integrating United Rentals telematics data into Procore, we’re extending visibility into rental equipment within a platform many of our customers already use every day. This helps them better plan, track, and manage equipment across their projects."

Together, United Rentals and Procore aim to bridge the industry’s “resource gap,” the disconnect between office planning and jobsite execution. By integrating telematics into Procore’s Resource Management solution, customers gain a unified view of equipment, labor and materials to streamline planning, tracking and forecasting. The integration supports AI-driven recommendations to optimize resource deployment, helping customers maximize productivity and asset utilization across projects.

How the Integration Works

By connecting their United Rentals account directly within the Resource Management solution, customers can automatically sync rented equipment records and available telematics into their existing workflows. This centralized view allows teams to manage owned and rented equipment side-by-side, providing the operational awareness needed to support more proactive equipment planning across jobsites.

“The biggest killer of productivity isn’t a lack of effort, it is the lack of visibility,” said Steve Davis, President of Product & Technology at Procore. “By integrating United Rentals telematics directly into Procore Resource Management, we’re providing total orchestration for both owned and rented fleets in one place. This unified view will enable contractors to maximize field productivity and deliver stronger project outcomes.”

The United Rentals telematics integration is now available to mutual customers through the Procore Resource Management solution.

Visit the United Rentals Integration page on Procore App Marketplace for more information.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. Built for the industry, Procore’s unified technology platform drives efficiency and mitigates risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries. For more information, visit www.procore.com.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,663 rental locations in North America, 41 in Europe, 45 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 28,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $22.48 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

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LEXINGTON, Mass., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, today announced that the Company will present at the TD Cowen 46th Annual Health Care Conference in Boston, MA.

The Company is scheduled to present on Tuesday, March 3 at 10:30 a.m. Eastern Time. A live webcast of the presentation will be available on the Rapid Micro Biosystems investor relations website at https://investors.rapidmicrobio.com/ and can be accessed here. The webcast will be archived and available for replay after the event.

About Rapid Micro Biosystems

Rapid Micro Biosystems is an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products such as biologics, vaccines, cell and gene therapies, and sterile injectables. The Company’s flagship Growth Direct system automates and modernizes the antiquated, manual microbial quality control (“MQC”) testing workflows used in the largest and most complex pharmaceutical manufacturing operations across the globe. The Growth Direct system brings the quality control lab to the manufacturing floor, unlocking the power of MQC automation to deliver the faster results, greater accuracy, increased operational efficiency, better compliance with data integrity regulations, and quicker decision making that customers rely on to ensure safe and consistent supply of important healthcare products. The Company is headquartered Lexington, Massachusetts and has U.S. manufacturing in Lowell, Massachusetts, with global locations in Switzerland, Germany, and the Netherlands. For more information, please visit www.rapidmicrobio.com or follow the Company on X (formerly known as Twitter) at @rapidmicrobio or on LinkedIn. 

February 26, 2026 16:15 ET  | Source: Royalty Pharma plc

NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will participate in a fireside chat at TD Cowen’s 46th Annual Health Care Conference on March 3, 2026 at 1:10 p.m. ET.

The webcast will be accessible from Royalty Pharma’s “Events” page at https://www.royaltypharma.com/investors/events/. The webcast will also be archived for a minimum of thirty days.

About Royalty Pharma

Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta and Alyftrek, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, Servier’s Voranigo, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Pfizer’s Nurtec ODT, and Gilead’s Trodelvy, and 20 development-stage product candidates. For more information, visit www.royaltypharma.com.

Royalty Pharma Investor Relations and Communications

+1 (212) 883-6637
[email protected]

Fourth Quarter 2025 Net Investment Income of $1.03 Per Share

Fourth Quarter 2025 Distributable Net Investment Income(1) of $1.09 Per Share

Net Asset Value of $33.33 Per Share

, /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2025. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries.

Fourth Quarter 2025 Highlights

Net investment income ("NII") of $92.1 million, or $1.03 per share Distributable net investment income ("DNII")(1) of $98.0 million, or $1.09 per share DNII before taxes(2) of $100.0 million, or $1.11 per share Total investment income of $145.5 million An industry leading position in cost efficiency, with a ratio of total non-interest operating expenses as a percentage of quarterly average total assets ("Operating Expenses to Assets Ratio") of 1.4% on an annualized basis Net increase in net assets resulting from operations of $131.1 million, or $1.46 per share Return on equity(3) of 17.7% on an annualized basis Net asset value of $33.33 per share as of December 31, 2025, representing an increase of $0.55 per share, or 1.7%, compared to $32.78 per share as of September 30, 2025 Declared regular monthly dividends totaling $0.78 per share for the first quarter of 2026, or $0.26 per share for each of January, February and March 2026, representing a 4.0% increase from the regular monthly dividends paid in the first quarter of 2025 and a 2.0% increase from the regular monthly dividends paid in the fourth quarter of 2025 Declared and paid a supplemental dividend of $0.30 per share, resulting in total dividends paid in the fourth quarter of 2025 of $1.065 per share and representing a 2.9% increase from the total dividends paid in the fourth quarter of 2024 Completed $300.0 million in total lower middle market ("LMM") portfolio investments, including investments totaling $241.0 million in five new portfolio companies, which after aggregate repayments, return of invested equity capital and a decrease in cost basis due to realized losses resulted in a net increase of $253.1 million in the total cost basis of the LMM investment portfolio Completed $231.4 million in total private loan portfolio investments, which after aggregate repayments, return of invested equity capital and a decrease in cost basis due to a realized loss resulted in a net increase of $108.8 million in the total cost basis of the private loan investment portfolio Fully exited investments in Purge Rite LLC, realizing a gain of $33.9 million and resulting in annual internal rates of return ("IRR") and times money invested ("TMI") returns of 179.9% and 9.4 times, respectively, on the equity investment, and 98.2% and 3.3 times, respectively, including all debt and equity investments in the company on a cumulative basis since Main Street's initial investment in 2023 Fully exited investments in Mystic Logistics Holdings, LLC, realizing a gain of $23.8 million, which in addition to the total dividends of $22.1 million received over the life of the equity investment, resulted in annual IRRs and TMI returns of 32.9% and 17.9 times, respectively, on the equity investment, and 22.9% and 5.1 times, respectively, including all debt and equity investments in the company on a cumulative basis since Main Street's initial investment in 2014 Full Year 2025 Highlights

NII, including excise tax and NII related income taxes, of $352.7 million, or $3.95 per share DNII,(1) including excise tax and NII related income taxes, of $376.0 million, or $4.21 per share DNII before taxes(2) of $390.0 million, or $4.36 per share Total investment income of $566.4 million An industry leading position in cost efficiency, with an Operating Expenses to Assets Ratio of 1.3% Net increase in net assets resulting from operations of $493.4 million, or $5.52 per share Return on equity(3) of 17.1% Net asset value of $33.33 per share as of December 31, 2025, representing an increase of $1.68 per share, or 5.3%, compared to $31.65 per share as of December 31, 2024 Paid regular monthly dividends totaling $3.03 per share, representing a 4.1% increase from prior year Paid supplemental dividends totaling $1.20 per share, resulting in total dividends paid of $4.23 per share, representing a 2.9% increase from prior year and a new record for total annual dividends paid Completed $701.6 million in total LMM portfolio investments, including investments totaling $482.2 million in 13 new portfolio companies, which after aggregate repayments, return of invested equity capital and a decrease in cost basis due to realized losses resulted in a net increase of $480.1 million in the total cost basis of the LMM investment portfolio Completed $671.5 million in total private loan portfolio investments, which after aggregate repayments and sales of debt investments, return of invested equity capital and a decrease in cost basis due to realized losses resulted in a net increase of $30.8 million in the total cost basis of the private loan investment portfolio Net decrease of $76.4 million in the total cost basis of the middle market investment portfolio Further strengthened our capital structure and enhanced our liquidity position by (i) amending the SPV Facility to decrease the interest rate, extend the final maturity date to September 2030 and decrease the unused fee, (ii) amending the Corporate Facility to decrease the interest rate, increase the total commitments to $1.145 billion and extend the maturity date to April 2030, (iii) issuing an aggregate principal amount of $350.0 million of the August 2028 Notes and (iv) fully prepaying $150.0 million of notes outstanding in September 2025 ahead of their December 2025 maturity date (the "December 2025 Notes," with the SPV Facility, Corporate Facility and August 2028 Notes each defined in the Liquidity and Capital Resources section below) MSC Income Fund, Inc., an externally managed business development company for which Main Street's wholly owned registered investment adviser serves as investment advisor and administrator, completed a follow-on public offering of its common stock and, in conjunction with the offering, began trading on the New York Stock Exchange in January 2025 In commenting on the Company's operating results for the fourth quarter and full year of 2025, Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are extremely pleased with our continued strong performance in the fourth quarter, which closed another great year for Main Street. This strong performance included several new quarterly and annual records across our key performance metrics. After our positive performance in the first three quarters of 2025, our strong performance in the fourth quarter resulted in a return on equity of 17.7% for the fourth quarter and 17.1% for the full year, strong levels of net investment income per share and distributable net investment income per share and a record net asset value per share, primarily driven by a significant net fair value increase of our investments, and including the benefits of material net realized gains in both our lower middle market and private loan investment portfolios. We also produced extremely strong fourth quarter investment activity in our unique lower middle market investment strategy, resulting in an annual record for gross investments of over $700 million in 2025. We believe that these continued strong results demonstrate the sustainable strength of our overall platform, the benefits of our differentiated and diversified investment strategies, the unique contributions of our asset management business and the continued underlying strength and quality of our portfolio companies."

Mr. Hyzak continued, "Our positive performance for the quarter and full year resulted in distributable net investment income before taxes per share which continued to significantly exceed the monthly dividends paid to our shareholders for these periods. In addition, our strong fourth quarter results and favorable outlook for the first quarter resulted in the declaration of another $0.30 per share supplemental dividend to be paid in March 2026, representing our eighteenth consecutive quarterly supplemental dividend, to go with the 11 increases to our regular monthly dividends declared since the fourth quarter of 2021. Our recent declarations of our monthly dividends and our supplemental dividend allowed us to continue our trend of increasing the total dividends paid to our shareholders over the past several years. Additionally, with the continued support from our long-term lender relationships, we continue to maintain strong liquidity and a conservative leverage profile, which we believe is important in the current economic environment. We remain confident that our diversified lower middle market and private loan investment strategies, both of which have continued to generate favorable investment activity in the first quarter, together with the benefits of our asset management business, our cost efficient operating structure and conservative capital structure, will allow us to continue to deliver superior results for our shareholders."

Fourth Quarter 2025 Operating Results

The following table provides a summary of our operating results for the fourth quarter of 2025:

Three Months Ended December 31,

2025

2024

Change ($)

Change (%)

(dollars in thousands, except per share amounts)

Interest income

$         102,759

$         109,963

$             (7,204)

(7) %

Dividend income

35,898

24,513

11,385

46 %

Fee income

6,884

5,966

918

15 %

Total investment income

$         145,541

$         140,442

$              5,099

4 %

Net investment income (4)

$           92,100

$           86,690

$              5,410

6 %

Net investment income per share (4)

$               1.03

$               0.98

$                0.05

5 %

Distributable net investment income (1)(4)

$           98,030

$           91,672

$              6,358

7 %

Distributable net investment income per share (1)(4)

$               1.09

$               1.04

$                0.05

5 %

Distributable net investment income before taxes (2)

$         100,012

$           95,338

$              4,674

5 %

Distributable net investment income before taxes per share (2)

$               1.11

$               1.08

$                0.03

3 %

Net increase in net assets resulting from operations

$          131,111

$         174,237

$          (43,126)

(25) %

Net increase in net assets resulting from operations per share

$               1.46

$               1.97

$              (0.51)

(26) %

The $5.1 million increase in total investment income in the fourth quarter of 2025 from the comparable period of the prior year was principally attributable to (i) an $11.4 million increase in dividend income, primarily due to a $10.9 million increase in dividend income from our LMM portfolio companies and (ii) a $0.9 million increase in fee income, primarily due to a $1.6 million increase in fee income related to increased investment activity, partially offset by a $0.7 million decrease in fee income from the refinancing and prepayment of debt investments. These increases were partially offset by a $7.2 million decrease in interest income, principally attributable to a larger negative impact from investments on non-accrual status and a decrease in interest rates, primarily resulting from decreases in benchmark index rates on floating rate debt investments and other decreases in interest rates on existing debt investments, partially offset by higher average levels of income producing investment portfolio debt investments. The $5.1 million increase in total investment income in the fourth quarter of 2025 includes the impact of an increase of $3.9 million in certain income considered less consistent or non-recurring, primarily related to an increase of $4.5 million in such dividend income, partially offset by a $0.7 million decrease in such fee income, in each case when compared to the same period in 2024.

Total cash expenses(5) increased $0.4 million, or 0.9%, to $45.5 million in the fourth quarter of 2025 from $45.1 million for the same period in 2024. This increase in total cash expenses was principally attributable to (i) a $2.3 million increase in cash compensation expenses(5) and (ii) a $0.6 million increase in general and administrative expenses, partially offset by (i) a $2.2 million decrease in interest expense and (ii) a $0.3 million increase in expenses allocated to our External Investment Manager (as defined in the External Investment Manager section below). The increase in cash compensation expenses(5) is primarily related to increased incentive compensation accruals. The increase in general and administrative expenses is primarily related to increased professional fees. The decrease in interest expense is primarily related to (i) a decreased weighted-average interest rate on our unsecured debt obligations resulting from the issuance of the August 2028 Notes and the early repayment of the December 2025 Notes and (ii) a decreased weighted-average interest rate on our Credit Facilities due to decreases in benchmark index rates and decreases to the applicable margin rates related to the amendments of our Credit Facilities in April 2025.

Non-cash compensation expenses(5) increased $0.9 million in the fourth quarter of 2025 from the comparable period of the prior year, primarily driven by an $0.8 million increase in share-based compensation.

Our Operating Expenses to Assets Ratio (which includes non-cash compensation expenses(5)) on an annualized basis was 1.4% for the fourth quarter of 2025, an increase from 1.3% for the fourth quarter of 2024.

Excise tax expense decreased $3.1 million and NII related federal and state income and other tax expenses increased $1.5 million in the fourth quarter of 2025 compared to the same period in 2024, resulting in a net decrease in tax expenses included in NII of $1.7 million. The decrease in excise tax is due to the decrease in undistributed taxable income as of December 31, 2025 and the increase in NII related federal and state income and other tax expenses is due to an increase in taxable NII between the relevant periods.

The $5.4 million increase in NII and the $6.4 million increase in DNII(1) in the fourth quarter of 2025 from the comparable period of the prior year were both principally attributable to (i) the increase in total investment income and (ii) the decrease in tax expenses included in NII, partially offset by an increase in total expenses, each as discussed above. NII and DNII(1) on a per share basis both increased by $0.05 for the fourth quarter of 2025 as compared to the fourth quarter of 2024, to $1.03 per share and $1.09 per share, respectively. These increases include the impact of a 1.6% increase in the weighted-average shares outstanding compared to the fourth quarter of 2024, primarily due to shares issued since the beginning of the comparable period of the prior year through our (i) dividend reinvestment plan, (ii) at-the-market ("ATM") equity issuance program and (iii) equity incentive plans. NII and DNII(1) on a per share basis in the fourth quarter of 2025 each include a net increase of $0.04 per share resulting from an increase in investment income considered less consistent or non-recurring in nature compared to the fourth quarter of 2024, as discussed above.

The $131.1 million net increase in net assets resulting from operations in the fourth quarter of 2025 represents a $43.1 million decrease from the fourth quarter of 2024. This decrease was primarily the result of (i) a $38.3 million decrease in the net fair value change of our portfolio investments resulting from the net impact of net realized gains/losses and net unrealized appreciation/depreciation, with the decrease resulting from a net fair value increase of $42.5 million in the fourth quarter of 2025 compared to a net fair value increase of $80.8 million in the prior year and (ii) a $10.2 million increase in net tax provision on the net fair value change of our portfolio investments resulting from a net tax provision of $3.5 million in the fourth quarter of 2025 compared to a net tax benefit of $6.8 million in the comparable period of the prior year, with these decreases partially offset by a $5.4 million increase in NII as discussed above. The $42.5 million net fair value increase in the fourth quarter of 2025 was the result of a net realized gain of $50.8 million, partially offset by unrealized depreciation (including the reversal of net fair value appreciation recognized in prior periods due to the net realized gain in the quarter) of $8.3 million. The $80.8 million net fair value increase in the fourth quarter of 2024 was the result of a net realized gain of $28.6 million and net unrealized appreciation of $52.2 million. The $50.8 million net realized gain from investments for the fourth quarter of 2025 was primarily the result of (i) $42.0 million of realized gains on the full exits of two private loan portfolio investments, (ii) a $23.8 million realized gain on the full exit of a LMM portfolio investment, (iii) a $1.4 million realized gain on the partial exit of a LMM portfolio investment and (iv) a $1.1 million realized gain on the partial exit of an other portfolio investment, partially offset by (i) a $17.8 million realized loss on the restructure of a private loan portfolio investment and (ii) a $0.6 million realized loss on the partial exit of a LMM portfolio investment.

The following table provides a summary of the total net unrealized depreciation of $8.3 million for the fourth quarter of 2025:

Three Months Ended December 31, 2025

LMM (a)

Private Loan

Middle Market

Other

Total

(in millions)

Accounting reversals of net unrealized (appreciation) depreciation recognized in prior periods due to net realized (gains / income) losses recognized during the current period

$     (25.4)

$     (25.1)

$          —

$       (1.5)

$     (52.0)

Net unrealized appreciation (depreciation) relating to portfolio investments

48.4

11.0

(6.8)

(8.9)

(b)

43.7

Total net unrealized appreciation (depreciation) relating to portfolio investments

$       23.0

$     (14.1)

$       (6.8)

$     (10.4)

$       (8.3)

___________________________

(a)

Includes unrealized appreciation on 43 LMM portfolio investments and unrealized depreciation on 21 LMM portfolio investments.

(b)

Includes $11.3 million of unrealized depreciation related to the External Investment Manager.

Liquidity and Capital Resources

As of December 31, 2025, we had aggregate liquidity of $1.265 billion, including (i) $42.0 million in cash and cash equivalents and (ii) $1.223 billion of aggregate unused capacity under our corporate revolving credit facility (the "Corporate Facility") and our special purpose vehicle revolving credit facility (the "SPV Facility" and, together with the Corporate Facility, the "Credit Facilities"), which we maintain to support our investment and operating activities.

Several details regarding our capital structure as of December 31, 2025 are as follows:

The Corporate Facility included $1.145 billion in total commitments from a diversified group of 18 participating lenders, plus an accordion feature that allows us to request an increase in the total commitments under the facility to up to $1.718 billion. $432.0 million in outstanding borrowings under the Corporate Facility, with an interest rate of 5.6% based on the applicable Secured Overnight Financing Rate ("SOFR") effective for the contractual reset date of January 1, 2026. The SPV Facility included $600.0 million in total commitments from a diversified group of six participating lenders, plus an accordion feature that allows us to request an increase in the total commitments under the facility to up to $800.0 million. $86.0 million in outstanding borrowings under the SPV Facility, with an interest rate of 5.6% based on the applicable SOFR effective for the contractual reset date of January 1, 2026. $500.0 million of unsecured notes outstanding that bear interest at a rate of 3.00% per year (the "July 2026 Notes"). The July 2026 Notes mature on July 14, 2026 and may be redeemed in whole or in part at any time at our option subject to certain make-whole provisions. $400.0 million of unsecured notes outstanding that bear interest at a rate of 6.50% per year with a yield-to-maturity of approximately 6.34% (the "June 2027 Notes"). The June 2027 Notes mature on June 4, 2027 and may be redeemed in whole or in part at any time at our option subject to certain make-whole provisions. $350.0 million of unsecured notes outstanding that bear interest at a rate of 5.40% per year (the "August 2028 Notes"). The August 2028 Notes mature on August 15, 2028 and may be redeemed in whole or in part at any time at our option subject to certain make-whole provisions. $350.0 million of unsecured notes outstanding that bear interest at a rate of 6.95% per year (the "March 2029 Notes"). The March 2029 Notes mature on March 1, 2029 and may be redeemed in whole or in part at any time at our option subject to certain make-whole provisions. $350.0 million of outstanding Small Business Investment Company ("SBIC") debentures through our wholly-owned SBIC subsidiaries. These debentures, which are guaranteed by the U.S. Small Business Administration (the "SBA"), had a weighted-average annual fixed interest rate of 3.26% and mature ten years from original issuance. The first maturity related to our existing SBIC debentures occurs in the first quarter of 2027, and the weighted-average remaining duration was 4.6 years. We maintain investment grade credit ratings from each of Fitch Ratings and S&P Global Ratings, both of which have assigned us investment grade credit ratings of BBB- with a stable outlook. Our net asset value totaled $3.0 billion, or $33.33 per share. In February 2026, we expanded the total commitments under our Corporate Facility by $30.0 million to $1.175 billion. The increase in total commitments was the result of the addition of a new lender relationship, which further diversifies our lender group.

Investment Portfolio Information as of December 31, 2025(6)

The following table provides a summary of the investments in our LMM portfolio and private loan portfolio as of December 31, 2025:

December 31, 2025

LMM (a)

Private Loan

(dollars in millions)

Number of portfolio companies

92

86

Fair value

$               3,057.0

$               1,988.4

Cost

$               2,419.3

$               2,014.1

Debt investments as a % of portfolio (at cost)

71.2 %

93.5 %

Equity investments as a % of portfolio (at cost)

28.8 %

6.5 %

% of debt investments at cost secured by first priority lien

99.4 %

99.9 %

Weighted-average annual effective yield (b)

12.5 %

10.5 %

Average EBITDA (c)

$                    11.1

$                    33.9

___________________________

(a)

We had equity ownership in all of our LMM portfolio companies, and our average fully diluted equity ownership in those portfolio companies was 37%.

(b)

The weighted-average annual effective yields were computed using the effective interest rates for all debt investments as of December 31, 2025, including amortization of deferred debt origination fees and accretion of original issue discount but excluding fees payable upon repayment of the debt investments and any debt investments on non-accrual status, and are weighted based upon the principal amount of each applicable debt investment as of December 31, 2025.

(c)

The average EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is calculated using a simple average for LMM portfolio companies and a weighted-average for private loan portfolio companies. These calculations exclude certain portfolio companies, including five LMM portfolio companies and six private loan portfolio companies, as EBITDA is not a meaningful valuation metric for our investments in these portfolio companies, and those portfolio companies whose primary purpose is to own real estate and those portfolio companies whose primary operations have ceased and only residual value remains.

The fair value of our LMM portfolio company equity investments was 199% of the related cost basis of such equity investments, and our LMM portfolio companies had a median net senior debt (senior interest-bearing debt through our debt position less cash and cash equivalents) to EBITDA ratio of 2.4 to 1.0 and a median total EBITDA to senior interest expense ratio of 3.0 to 1.0. Including all debt that is junior in priority to our debt position, these median ratios were 2.5 to 1.0 and 2.9 to 1.0, respectively.(6)(7)

As of December 31, 2025, our investment portfolio also included:

Other portfolio investments in 33 entities, spread across 13 investment managers, collectively totaling $134.1 million in fair value and $141.6 million in cost basis, which comprised 2.4% and 3.0% of our investment portfolio at fair value and cost, respectively; Middle market portfolio investments in 11 portfolio companies, collectively totaling $83.5 million in fair value and $120.1 million in cost basis, which comprised 1.5% and 2.5% of our investment portfolio at fair value and cost, respectively; and Our investment in the External Investment Manager, with a fair value of $255.0 million and a cost basis of $29.5 million, which comprised 4.6% and 0.6% of our investment portfolio at fair value and cost, respectively. As of December 31, 2025, investments on non-accrual status comprised 1.0% of the total investment portfolio at fair value and 3.3% at cost, and our total portfolio investments at fair value were 117% of the related cost basis.

External Investment Manager

MSC Adviser I, LLC is our wholly-owned portfolio company and registered investment adviser that provides investment management services to external parties (the "External Investment Manager"). We share employees with the External Investment Manager and allocate costs related to such shared employees and other operating expenses to the External Investment Manager. The total contribution of the External Investment Manager to our NII consists of the combination of the expenses we allocate to the External Investment Manager and the dividend income we earn from the External Investment Manager. During the fourth quarter of 2025, the External Investment Manager earned $10.2 million of total fee income, an increase of $0.5 million from the fourth quarter of 2024. The fee income earned by the External Investment Manager in the fourth quarter of 2025 included (i) $5.8 million of management fee income, a decrease of $0.3 million from the fourth quarter of 2024, and (ii) incentive fees of $4.2 million, an increase of $0.9 million from the fourth quarter of 2024. We allocated $6.6 million of total expenses to the External Investment Manager during the fourth quarter of 2025, an increase of $0.3 million from the fourth quarter of 2024. The decrease in management fee income was primarily attributable to a decrease in the base management fees earned resulting from changes in the advisory agreement between the External Investment Manager and its client, MSC Income Fund, Inc., in conjunction with the listing of MSC Income Fund, Inc.'s shares on the New York Stock Exchange in January 2025, partially offset by an increase in total assets managed for clients. The increase in incentive fees was attributable to the favorable performance and improved operating results from the assets managed for clients in the fourth quarter of 2025 relative to the fourth quarter of 2024. The combination of the dividend income we earned from the External Investment Manager and expenses we allocated to it resulted in a total contribution to our NII of $9.3 million, representing an increase of $0.5 million from the fourth quarter of 2024.

The External Investment Manager ended the fourth quarter of 2025 with total assets under management of $1.7 billion.

Fourth Quarter and Full Year 2025 Financial Results Conference Call / Webcast

Main Street has scheduled a conference call for Friday, February 27, 2026 at 10:00 a.m. Eastern time to discuss the fourth quarter and full year 2025 financial results.(8)

You may access the conference call by dialing 412-902-0030 at least 10 minutes prior to the start time. The conference call can also be accessed via a simultaneous webcast by logging into the investor relations section of the Main Street website at https://www.mainstcapital.com.

A telephonic replay of the conference call will be available through Friday, March 6, 2026 and may be accessed by dialing 201-612-7415 and using the passcode 13757959#. An audio archive of the conference call will also be available on the investor relations section of the Company's website at https://www.mainstcapital.com shortly after the call and will be accessible until the date of Main Street's earnings release for the next quarter.

For a more detailed discussion of the financial and other information included in this press release, please refer to the Main Street Annual Report on Form 10-K for the fiscal year ended December 31, 2025 to be filed with the U.S. Securities and Exchange Commission (the "SEC") (www.sec.gov) and Main Street's Fourth Quarter 2025 Investor Presentation to be posted on the investor relations section of the Main Street website at https://www.mainstcapital.com.

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

FORWARD-LOOKING STATEMENTS

Main Street cautions that statements in this press release which are forward-looking and provide other than historical information, including but not limited to Main Street's ability to successfully source and execute on new portfolio investments and deliver future financial performance and results, are based on current conditions and information available to Main Street as of the date hereof and include statements regarding Main Street's goals, beliefs, strategies and future operating results and cash flows. Although its management believes that the expectations reflected in those forward-looking statements are reasonable, Main Street can give no assurance that those expectations will prove to be correct. Those forward-looking statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including, without limitation: Main Street's continued effectiveness in raising, investing and managing capital; adverse changes in the economy generally or in the industries in which Main Street's portfolio companies operate; the impacts of macroeconomic factors on Main Street and its portfolio companies' businesses and operations, liquidity and access to capital, and on the U.S. and global economies, including impacts related to pandemics and other public health crises, global conflicts, risk of recession, tariffs and trade disputes, inflation, supply chain constraints or disruptions and changes in market index interest rates; changes in laws and regulations or business, political and/or regulatory conditions that may adversely impact Main Street's operations or the operations of its portfolio companies; the operating and financial performance of Main Street's portfolio companies and their access to capital; retention of key investment personnel; competitive factors; and such other factors described under the captions "Cautionary Statement Concerning Forward-Looking Statements" and "Risk Factors" included in Main Street's filings with the SEC (www.sec.gov). Main Street undertakes no obligation to update the information contained herein to reflect subsequently occurring events or circumstances, except as required by applicable securities laws and regulations.

MAIN STREET CAPITAL CORPORATION

Consolidated Statements of Operations

(in thousands, except shares and per share amounts)

Three Months Ended
December 31,

Year Ended
December 31,

2025

2024

2025

2024

INVESTMENT INCOME:

Interest, dividend and fee income:

Control investments

$         69,459

$         52,795

$       245,940

$       205,367

Affiliate investments

24,169

22,555

96,077

84,367

Non–Control/Non–Affiliate investments

51,913

65,092

224,374

251,292

Total investment income

145,541

140,442

566,391

541,026

EXPENSES:

Interest

(31,839)

(34,018)

(127,998)

(123,429)

Compensation

(14,674)

(12,261)

(52,044)

(47,486)

General and administrative

(5,768)

(5,188)

(21,701)

(19,347)

Share–based compensation

(5,749)

(4,939)

(21,440)

(18,793)

Expenses allocated to the External Investment Manager

6,571

6,320

23,533

23,088

Total expenses

(51,459)

(50,086)

(199,650)

(185,967)

NET INVESTMENT INCOME BEFORE TAXES

94,082

90,356

366,741

355,059

Excise tax expense

(1,054)

(4,199)

(4,051)

(5,851)

Federal and state income and other tax benefits (expenses)

(928)

533

(9,972)

(7,807)

NET INVESTMENT INCOME (4)

92,100

86,690

352,718

341,401

NET REALIZED GAIN (LOSS):

Control investments

32,638

37,274

19,674

36,922

Affiliate investments

418

(5,005)

58,127

(4,219)

Non–Control/Non–Affiliate investments

17,752

(3,700)

(23,222)

13,295

Total net realized gain

50,808

28,569

54,579

45,998

NET UNREALIZED APPRECIATION (DEPRECIATION):

Control investments

(10,728)

29,860

46,288

117,867

Affiliate investments

4,635

24,690

9,153

47,299

Non–Control/Non–Affiliate investments

(2,245)

(2,324)

43,438

(27,510)

Total net unrealized appreciation (depreciation)

(8,338)

52,226

98,879

137,656

Income tax benefit (provision) on net realized gain and net unrealized appreciation (depreciation)

(3,459)

6,752

(12,778)

(16,975)

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

$       131,111

$       174,237

$       493,398

$       508,080

NET INVESTMENT INCOME PER SHARE—BASIC AND DILUTED (4)

$              1.03

$              0.98

$              3.95

$              3.93

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC AND DILUTED

$              1.46

$              1.97

$              5.52

$              5.85

WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC AND DILUTED

89,840,122

88,406,094

89,363,140

86,805,755

MAIN STREET CAPITAL CORPORATION

Consolidated Balance Sheets

(in thousands, except per share amounts)

December 31,

December 31,

2025

2024

ASSETS

Investments at fair value:

Control investments

$        2,569,626

$        2,087,890

Affiliate investments

965,179

846,798

Non–Control/Non–Affiliate investments

1,983,312

1,997,981

Total investments

5,518,117

4,932,669

Cash and cash equivalents

41,959

78,251

Interest and dividend receivable and other assets

107,905

98,084

Deferred financing costs, net

13,720

12,337

Total assets

$        5,681,701

$        5,121,341

LIABILITIES

Credit Facilities

$           518,000

$           384,000

July 2026 Notes (par: $500,000 as of both December 31, 2025 and 2024)

499,715

499,188

June 2027 Notes (par: $400,000 as of both December 31, 2025 and 2024)

399,569

399,282

August 2028 Notes (par: $350,000 as of December 31, 2025)

347,996

—

March 2029 Notes (par: $350,000 as of both December 31, 2025 and 2024)

347,721

347,002

SBIC debentures (par: $350,000 as of both December 31, 2025 and 2024)

344,593

343,417

December 2025 Notes (par: $150,000 as of December 31, 2024)

—

149,482

Accounts payable and other liabilities

67,799

69,631

Interest payable

30,094

23,290

Dividend payable

23,358

22,100

Deferred tax liability, net

108,963

86,111

Total liabilities

2,687,808

2,323,503

NET ASSETS

Common stock

898

884

Additional paid–in capital

2,457,660

2,394,492

Total undistributed earnings

535,335

402,462

Total net assets

2,993,893

2,797,838

Total liabilities and net assets

$        5,681,701

$        5,121,341

NET ASSET VALUE PER SHARE

$                33.33

$                31.65

MAIN STREET CAPITAL CORPORATION

Reconciliation of Distributable Net Investment Income, Distributable Net Investment Income Before Taxes,

Total Non-Cash Compensation Expenses, Total Cash Expenses

and Total Cash Compensation Expenses

(in thousands, except per share amounts)

Three Months Ended

Year Ended

December 31,

December 31,

2025

2024

2025

2024

Net investment income (4)

$         92,100

$         86,690

$       352,718

$       341,401

Non-cash compensation expenses (5)

5,930

4,982

23,280

19,910

Distributable net investment income (1)(4)

$         98,030

$         91,672

$       375,998

$       361,311

Excise tax expense

1,054

4,199

4,051

5,851

Federal and state income and other tax expenses (benefits)

928

(533)

9,972

7,807

Distributable net investment income before taxes (2)

$       100,012

$         95,338

$       390,021

$       374,969

Per share amounts:

Net investment income per share -

Basic and diluted (4)

$              1.03

$              0.98

$              3.95

$              3.93

Distributable net investment income per share -

Basic and diluted (1)(4)

$              1.09

$              1.04

$              4.21

$              4.16

Distributable net investment income before taxes per share -

Basic and diluted (2)

$              1.11

$              1.08

$              4.36

$              4.32

Three Months Ended

Year Ended

December 31,

December 31,

2025

2024

2025

2024

Share–based compensation

$         (5,749)

$         (4,939)

$       (21,440)

$       (18,793)

Deferred compensation expense

(181)

(43)

(1,840)

(1,117)

Total non-cash compensation expenses (5)

(5,930)

(4,982)

(23,280)

(19,910)

Total expenses

(51,459)

(50,086)

(199,650)

(185,967)

Less non-cash compensation expenses (5)

5,930

4,982

23,280

19,910

Total cash expenses (5)

$       (45,529)

$       (45,104)

$     (176,370)

$     (166,057)

Compensation

$       (14,674)

$       (12,261)

$       (52,044)

$       (47,486)

Share-based compensation

(5,749)

(4,939)

(21,440)

(18,793)

Total compensation expenses

(20,423)

(17,200)

(73,484)

(66,279)

Non-cash compensation expenses (5)

5,930

4,982

23,280

19,910

Total cash compensation expenses (5)

$       (14,493)

$       (12,218)

$       (50,204)

$       (46,369)

MAIN STREET CAPITAL CORPORATION
Endnotes

(1)

DNII is NII as determined in accordance with U.S. Generally Accepted Accounting Principles, or U.S. GAAP, excluding the impact of non-cash compensation expenses.(5) Main Street believes presenting DNII and the related per share amount is useful and appropriate supplemental disclosure for analyzing its financial performance since non-cash compensation expenses(5) do not result in a net cash impact to Main Street upon settlement. However, DNII is a non-U.S. GAAP measure and should not be considered as a replacement for NII or other earnings measures presented in accordance with U.S. GAAP and should be reviewed only in connection with such U.S. GAAP measures in analyzing Main Street's financial performance. A reconciliation of NII in accordance with U.S. GAAP to DNII is detailed in the financial tables included with this press release.

(2)

DNII before taxes is NII as determined in accordance with U.S. GAAP, excluding the impact of non-cash compensation expenses(5) and any tax expenses included in NII. Main Street believes presenting DNII before taxes and the related per share amount is useful and appropriate supplemental disclosure for analyzing its financial performance since (i) non-cash compensation expenses(5) do not result in a net cash impact to Main Street upon settlement and (ii) tax expenses included in NII may include (a) excise tax expense, which is not solely attributable to NII, and (b) deferred taxes, which are not payable in the current period. However, DNII before taxes is a non-U.S. GAAP measure and should not be considered as a replacement for NII, NII before taxes or other earnings measures presented in accordance with U.S. GAAP and should be reviewed only in connection with such U.S. GAAP measures in analyzing Main Street's financial performance. A reconciliation of NII in accordance with U.S. GAAP to DNII before taxes is detailed in the financial tables included with this press release.

(3)

Return on equity equals the net increase in net assets resulting from operations divided by the average quarterly total net assets.

(4)

NII and DNII for each period in 2024 and the first quarter of 2025 necessary to present the amount for the year ended December 31, 2025 have been revised to include the impact of excise tax and NII related federal and state income and other tax expenses previously included within the total income tax provision. This correction was determined to be immaterial to any impacted prior periods and had no impact on net increases in net assets resulting from operations or the related per share amounts.

(5)

Non-cash compensation expenses consist of (i) share-based compensation and (ii) deferred compensation expense or benefit, both of which are non-cash in nature. Share-based compensation does not require settlement in cash. Deferred compensation expense or benefit does not result in a net cash impact to Main Street upon settlement. The appreciation (depreciation) in the fair value of deferred compensation plan assets is reflected in Main Street's Consolidated Statements of Operations as unrealized appreciation (depreciation) and an increase (decrease) in compensation expenses, respectively. Cash compensation expenses are total compensation expenses as determined in accordance with U.S. GAAP, less non-cash compensation expenses. Total cash expenses are total expenses, as determined in accordance with U.S. GAAP, excluding non-cash compensation expenses. Main Street believes presenting cash compensation expenses, non-cash compensation expenses and total cash expenses is useful and appropriate supplemental disclosure for analyzing its financial performance since non-cash compensation expenses do not result in a net cash impact to Main Street upon settlement. However, cash compensation expenses, non-cash compensation expenses and total cash expenses are non-U.S. GAAP measures and should not be considered as a replacement for compensation expenses, total expenses or other earnings measures presented in accordance with U.S. GAAP and should be reviewed only in connection with such U.S. GAAP measures in analyzing Main Street's financial performance. A reconciliation of compensation expenses and total expenses in accordance with U.S. GAAP to cash compensation expenses, non-cash compensation expenses and total cash expenses is detailed in the financial tables included with this press release.

(6)

Portfolio company financial information has not been independently verified by Main Street.

(7)

These credit statistics exclude portfolio companies on non-accrual status and portfolio companies for which EBITDA is not a meaningful metric.

(8)

No information contained on the Company's website or disclosed on the February 27, 2026 conference call, including the webcast and the archived versions, is incorporated by reference in this press release or any of the Company's filings with the SEC, and you should not consider that information to be part of this press release or any other such filing.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]  
Ryan R. Nelson, CFO, [email protected]  
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard / [email protected]  
Zach Vaughan / [email protected]  
713-529-6600

SOURCE Main Street Capital Corporation

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