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Ballard Power reported mixed first quarter results with a slight sales miss offset by substantial year-over-year margin increases and operating expense reductions. While the company's core markets remain under pressure from competing battery-electric solutions, more than a decade of cash runway provides substantial option value. While Ballard Power's data center opportunity remains limited to small backup power solutions, momentum appears to be the name of the game right now.

, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3rd.

Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.

Director Nominee

Votes For

% For

Votes Withheld

% Withheld

Kathy Bayless

71,838,799

98.21

1,312,516

1.79

Jacqueline Dedo

72,258,610

98.78

892,705

1.22

Douglas P. Hayhurst

66,168,321

90.45

6,982,994

9.55

Hubertus M. Muehlhaeuser

66,419,015

90.80

6,732,300

9.20

Marty Neese

72,533,025

99.16

618,290

0.85

James Roche

66,824,156

91.35

6,327,159

8.65

Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.

Director biographies are available in the "Our Leadership" section of the Company's website.

In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.

Item

Votes For

% For

Votes
Against

%
Against

Withheld/
Abstain

% Withheld/
Abstain

Appointment of Auditors

78,660,927

87.02

-

-

11,730,437

12.98

Executive Compensation

66,381,017

90.75

6,770,299

9.25

-

-

About Ballard Power Systems

Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

Further Information

Ballard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or [email protected]

SOURCE Ballard Power Systems Inc.

Ballard Power announces results of 2026 Annual General Meeting of Shareholders PR Newswire

VANCOUVER, BC, June 4, 2026

, /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3rd.

Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.

Director Nominee

Votes For

% For

Votes Withheld

% Withheld

Kathy Bayless

71,838,799

98.21

1,312,516

1.79

Jacqueline Dedo

72,258,610

98.78

892,705

1.22

Douglas P. Hayhurst

66,168,321

90.45

6,982,994

9.55

Hubertus M. Muehlhaeuser

66,419,015

90.80

6,732,300

9.20

Marty Neese

72,533,025

99.16

618,290

0.85

James Roche

66,824,156

91.35

6,327,159

8.65

Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.

Director biographies are available in the "Our Leadership" section of the Company's website.

In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.

Item

Votes For

% For

Votes
Against

%
Against

Withheld/
Abstain

% Withheld/
Abstain

Appointment of Auditors

78,660,927

87.02

-

-

11,730,437

12.98

Executive Compensation

66,381,017

90.75

6,770,299

9.25

-

-

About Ballard Power Systems

Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

Further Information

Ballard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or [email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-power-announces-results-of-2026-annual-general-meeting-of-shareholders-302791049.html

SOURCE Ballard Power Systems Inc.

HOOD stock is moving. See the chart and price action here. Robinhood’s May Operational DataTotal Platform Assets hit $377 billion at month’s end, up 9% from April 2026 and 48% year-over-year.

Net Deposits came in at $5.6 billion for the month — a 19% annualized growth rate relative to April’s platform assets. Over the trailing 12 months, net deposits totaled $69.1 billion, representing a 27% annual growth rate.

Funded customers grew to 27.7 million, up roughly 110,000 from April and 1.76 million year-over-year — steady gains that underscore the platform’s widening retail footprint.

Trading ActivityTrading activity was a standout.

Equity Notional Trading Volumes surged to $315 billion in May, up 27% from April and 75% year-over-year. Average daily volumes hit $15.8 billion, a 34% month-over-month jump and 84% higher than a year ago.

Options activity also picked up, with 231 million contracts traded — up 3% from April and 29% year-over-year.

Event contracts were another bright spot. HOOD traded 3.9 billion event contracts in May, up 22% from April, with ADVs of 126 million, up 18%.

CryptoCrypto was more muted. Total Crypto Notional Trading Volumes reached $12.2 billion, up just 3% from April and 4% year-over-year.

Notably, Robinhood App crypto volumes fell 50% year-over-year to $5.9 billion, while Bitstamp contributed $6.3 billion.

HOOD Stock Price Activity: Robinhood stock was down 0.13% at $83.66 during after-hours trading on Tuesday, according to data from Benzinga Pro.

Photo: Shutterstock

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

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By PYMNTS  |  June 10, 2026

 | 

Robinhood CEO Vlad Tenev says the company’s securities business can now serve as an underwriter.

Tenev’s announcement on X was flagged in a report Tuesday (June 9) from Seeking Alpha, which notes Robinhood’s expansion from trading platform to underwriter for initial public offerings (IPOs) could unlock higher-fee revenue streams and strengthen its position in capital markets.

Robinhood in 2021 launched IPO Access, a tool designed to give “everyday investors” an opportunity to buy shares of companies at their listing price. As PYMNTS wrote at the time, this is a privilege typically reserved for wealthy or institutional investors.

Since then, the report notes, retail participation in IPOs has moved from an afterthought to a central allocation strategy, shifting the question from “why allocate to retail at all” to “how big can the allocation be.”

Tenev, who is also Robinhood’s co-founder, added that becoming an underwriter, rather than simply a selling group member, is a natural step to better serve customers and issuers.

Seeking Alpha pointed out that Robinhood recently removed its PDT restrictions, doing away with the $25,000 minimum and pattern day trading flags, broadening access for retail traders.

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Tenev announced last month that Robinhood’s first fund designed to expand retail investors’ access to private markets had attracted 150,000 retail investors.

In a speech at The Wall Street Journal’s Future of Everything event, Tenev said the company took its Ventures Fund I public as a public closed-end fund listed on the New York Stock Exchange.

“You can think of it as like a publicly traded venture capital firm with daily liquidity, no accreditation requirements, and no carry — so just a competitive management fee, no carry,” he said, adding that the fund includes “frontier companies” such as OpenAI, Databricks and Stripe.

Robinhood launched the fund because there are private companies raising capital at valuations in the high hundreds of billions, and there are likely to be multiple companies getting into the trillions, before an initial public offering (IPO) that permits retail investors to participate.

“It’s also just the beginning,” Tenev said. “The aspiration is, if you’re a company raising a seed round and a Series A round, so just first capital, retail should be a big chunk of that round, much like it now is in the public markets, and we should let those people in at the ground floor so that they can actually benefit from this potential appreciation that’s increasingly happening in the private markets.”

Accounts linked to military spouses reportedly bet correctly on the ousting of Venezuelan President Nicolás Maduro, days before U.S. officials seized him in January.

Now Kalshi is moving to force some traders to disclose who they work for.

At least one of those accounts has been referred to federal investigators over suspicions that someone used nonpublic information to make the wager, according to a person familiar with the matter.

Kalshi Wants To Know Where You WorkThe exchange said it plans to require users in some markets to submit an online form naming their employer before they can trade sensitive contracts.

The rule is expected to cover markets tied to company performance and national security, including the war in Iran.

Kalshi will not verify the information unless it flags suspicious activity, a spokeswoman said. The company is also rolling out enhanced whistleblower tools.

The Insider Trading WaveThe spouses are not an isolated case.

In April, a U.S. soldier was charged with using classified national security data to trade the Maduro operation on Polymarket.

Last month, a Google employee was charged with using insider access to the company’s annual search trends report to net 1.2 million on the same platform.

Those cases explain why Kalshi’s audit committee pushed for disclosure.

Washington Draws New LinesThe CFTC is set to propose its own rules Wednesday, seeking the power to block wagers it deems against the public interest or vulnerable to manipulation while clearing most sports betting.

The target is micro-betting, where a single person can swing the outcome. Regulators are wary of contracts on player injuries and “first-pitch” gambling, the category that snared Cleveland Guardians All-Star closer Emmanuel Clase, who was charged last year over a pitch-rigging scheme.

Bets on war, terrorism and assassinations would likely be off limits, but this would not impact Polymarket’s offshore offerings.

The agency stopped short of outright bans, opting for case-by-case review. That posture reflects Trump-appointed chair Michael Selig, who has steered the CFTC toward a permissive stance.

The Tradeable AngleRetail flow runs through Robinhood Markets (NASDAQ:HOOD), where prediction markets are the fastest-growing product line by revenue.

For ICE and Robinhood, the wager is that regulation legitimizes prediction markets rather than killing them.

Image: Shutterstock

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Shares of Robinhood (HOOD +1.04%) are rising as the company reports solid operating metrics that should driver revenue growth. But there's more reason to be bullish than just the metrics.

An insider made a $35 million purchase of Robinhood stock, and insiders can be a good indicator of what's to come for a company. On top of that, Robinhood is moving into more investment banking markets through IPOs, which could drive another leg of revenue growth long-term. I dig into all of that in this video.

*Stock prices used were mid-day prices on June 10, 2026. The video was published on June 10 2026.

Travis Hoium has positions in Robinhood Markets. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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Robinhood Markets (HOOD +1.04%), a commission-free trading platform for stocks and crypto, closed Wednesday at $86.36, up 3.09%. The stock moved higher after CEO Vlad Tenev said it had regulatory approval to underwrite IPOs.

Trading volume reached 41.3 million shares, coming in about 41% above its three-month average of 29.2 million shares. Robinhood Markets IPO'd in 2021 and has grown 127% since going public.

How the markets moved todayThe S&P 500 (^GSPC +0.50%) fell 1.62% to 7,267 on Wednesday, while the Nasdaq Composite (^IXIC +0.31%) lost 1.98% to finish at 25,170. Within capital markets, industry peers Charles Schwab closed at $89.27, up 0.56%, and Interactive Brokers Group ended at $85.42, down 1.05%, underscoring mixed brokerage sentiment.

What this means for investorsRobinhood went against the tide today, surging even as major indexes fell. Today’s gains mean the pioneering brokerage has gained 12% in the past month. The firm announced it received regulatory approval to underwrite IPOs, which will help it broaden its offerings and play a larger role in the IPO market.

The IPO market is red-hot right now and the timing is notable: Tenev’s news comes just days before the widely-anticipated SpaceX IPO. Today’s news builds on last month’s AI trading tool announcement, which in turn builds on its push into prediction markets.

In short, Robinhood continues to innovate, and the strategy appears to be paying off. Its customer base and platform assets are increasing, which will be crucial drivers for revenue growth. However, regulatory shifts remain the biggest risk for this disruptive firm.

Charles Schwab is an advertising partner of Motley Fool Money. Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends Charles Schwab and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group, short January 2027 $46.25 calls on Interactive Brokers Group, and short June 2026 $97.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.

It's been a tough year for Robinhood Markets (HOOD +1.04%) stock, with shares down about 25% year to date. However, one insider has seen an opportunity in the weakness. Director Micky Malka bought a boatload of shares through his Ribbit Capital fund.

Malka's fund focuses on fintech investments, and Robinhood is the fund's third-largest investment behind Nu Holdings and Figure Technology. He also sits on MercadoLibre's board. In late May and early June, he bought 23.6 million shares, worth around $35 million, through the online broker. Notably, the buys were a reversal of sentiment, as he was selling shares as recently as August 2025, when he sold shares at prices over $100.

Image source: The Motley Fool.

Robinhood's tough year can be directly tied to its cryptocurrency platform, which has seen revenue plunge amid weakness in the crypto market. Bitcoin is down around 30% in 2026 and off more than 40% over the past year, while Ethereum has fallen around 45% this year. Given these price declines and the big gains in artificial intelligence (AI) stocks, people have not been trading cryptocurrencies as they did in the past.

While crypto transactions have flowed into equities, Robinhood makes a much larger per-trade profit from crypto trading than from stock trading, given the wider buy-and-sell spread in crypto. This dynamic was evident in Q1, when its crypto revenue plunged 47% year over year to $134 million, while its equity revenue surged 46% to $82 million. Despite its volatility, Robinhood is looking to drive crypto revenue by expanding into new countries, including Canada.

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The company also has a couple of other catalysts. It is seeing strong momentum in the predictions market, where revenue has been skyrocketing. It just lowered its fee structure ahead of the FIFA World Cup, which is looking to be a big growth driver. Last quarter, its other revenue, where its prediction solution is currently classified, jumped 320% to $147 million.

The company is also investing heavily in so-called "Trump Accounts," where eligible children born between 2025 and 2028 can receive an initial $1,000 government contribution. Up to $5,000 can then be collectively contributed to the account each year, and contributions are automatically invested in low-cost index funds. Robinhood launched an app specifically for the accounts in late May.

The stock currently trades at a forward P/E of 30 times 2027 analyst estimates. I think that is a reasonable valuation where investors can consider taking a small position in the stock.

Geoffrey Seiler has positions in MercadoLibre. The Motley Fool has positions in and recommends Bitcoin, Ethereum, MercadoLibre, and Nu Holdings. The Motley Fool has a disclosure policy.

Key Takeaways Robinhood's brokerage won approval to act as an IPO underwriter, moving beyond a selling-group role.As underwriter, HOOD could shape retail IPO allocations, strengthen issuers ties and add higher-fee revenues.HOOD cites 27.7M funded customers and $377B assets; IPO momentum may help, but underwriting adds risk. Robinhood Markets’ (HOOD - Free Report) move to become an IPO underwriter is notable in its evolution from a trading app into a broader financial super app. CEO Vlad Tenev said Robinhood Securities has been approved to serve as an underwriter, allowing the company to move beyond its existing selling-group role and take a more direct position in helping companies go public.

The development builds on IPO Access, launched in 2021 to let retail investors request shares at the IPO price. Until now, Robinhood’s role depended largely on allocations from traditional Wall Street banks. As an underwriter, the company could strengthen relationships with issuers, play a bigger role in shaping retail allocations and pursue higher-fee capital-markets revenue opportunities.

For HOOD, the approval also fits a larger product-expansion story. The company has been adding crypto, retirement, advisory, digital banking, private-market access, prediction markets and AI-powered tools, all aimed at keeping customers inside one financial ecosystem. As of May 30, 2026, it had 27.7 million funded customers and $377 billion in platform assets. A stronger IPO franchise could create another engagement channel, drawing users to new listings while encouraging account funding, trading activity, Gold subscriptions and cross-use of other products.

The timing appears favorable as the IPO market shows signs of revival, particularly among technology and high-profile private companies. However, execution will be key. Underwriting brings regulatory, reputational and competitive risks, especially in a market long dominated by major investment banks.

Still, the approval advances Robinhood’s super-app ambitions by moving it closer to the center of investing, capital formation and everyday financial decision-making, while broadening its revenue base beyond transaction-driven trading activity.

How are Robinhood’s Peers Diversifying Their Businesses?Two close peers of HOOD are Charles Schwab (SCHW - Free Report) and Interactive Brokers Group (IBKR - Free Report) .

Schwab is diversifying beyond brokerage into wealth management, advisory, banking, lending, retirement and asset management. Schwab’s fee-based assets, net interest income and broader financial services reduce commission dependence, support steadier revenues and deepen client relationships.

Interactive Brokers is diversifying through global market access, high-yield cash balances, securities lending, institutional services, retirement accounts and advisor solutions. Interactive Brokers’ interest income, international reach and technology platform reduce trading-commission reliance while supporting scalable growth.

HOOD’s Price Performance, Valuation & Estimate AnalysisSo far this year, Robinhood shares have plunged 23.7% against the industry’s rally of 1.7%.

Image Source: Zacks Investment Research

HOOD shares are currently trading at a premium to the industry. The company has a 12-month trailing price-to-tangible book (P/TB) of 8.70X compared with the industry average of 3.24X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Robinhood’s 2026 earnings suggests a year-over-year decline of 10.7%. The trend is likely to reverse next year, with earnings expected to jump 34.5%. In the past week, earnings estimates for 2026 and 2027 have been revised lower to $1.83 and $2.46 per share, respectively.

Image Source: Zacks Investment Research

HOOD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Robinhood (HOOD +1.04%) had no shortage of news this week. The online brokerage reported strong May operating data, and a securities filing revealed a large insider stock purchase. But the announcement with arguably the biggest long-term implications came from CEO Vlad Tenev, who said Tuesday in a post on X that Robinhood Securities is now approved to serve as an underwriter of initial public offerings (IPOs).

"We intend to be disruptive in this space," Tenev wrote.

The news is timely. SpaceX is expected to begin trading on the Nasdaq on Friday in what could be the largest IPO in history, and a long list of big private companies may follow it to the public markets in the coming years. Here's a closer look at the new business line -- and why its timing could prove important.

Image source: Getty Images.

From distributing IPO shares to originating them Until this week, Robinhood's role in public offerings was distribution. The company's IPO Access product, launched in 2021, lets customers buy shares of select offerings at the IPO price before they start trading. But the shares available through IPO Access are allocated by the investment banks running the deal; Robinhood has participated as what's known as a selling group member.

Underwriting is a different business. Underwriters work directly with the company going public, helping set the offering's price and place its shares with investors. And the issuer pays fees for that work.

It turns out that Robinhood is well-positioned to underwrite, given its significant scale.

The company ended May with 27.7 million funded customers -- up about 1.76 million from a year earlier. A pool of retail demand of that size may be hard for a company going public to ignore.

"Since IPO Access launched in 2021, we've watched retail go from an afterthought to a key part of how companies plan an IPO," Tenev said in the same post.

He may have a point. SpaceX is set to debut at a fixed offering price of $135 per share, in a deal that could raise about $75 billion and reportedly values the rocket and satellite internet company at around $1.75 trillion. And the company has reportedly weighed allocating as much as 30% of the offering to retail investors -- well above what's typical for a large IPO. Though reports began circling on Thursday afternoon that the company cut its retail IPO allocation to a low 20% range -- still a notable allocation, however.

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Momentum is strong -- and so is the valuation But the new approval isn't the only reason investors have been paying attention to the stock recently. Robinhood's total platform assets ended May at $377 billion, up 48% year over year, and net deposits during the month were $5.6 billion. Equity trading volumes of $315 billion rose 75% year over year.

In addition, a securities filing this week showed director Meyer Malka bought about $20.2 million of Robinhood stock on June 5 through an investment fund he's associated with.

Of course, not everything has gone the company's way this year. Robinhood's cryptocurrency revenue was a key weak spot, dropping 47% year over year in the first quarter of 2026. Total revenue still rose 15% during the quarter, but earnings per share grew just 3%.

And despite shares sitting about 40% below their October high, even after rising this week, the stock still trades at about 44 times earnings as of this writing. For a company growing earnings at the pace Robinhood posted last quarter, that's a premium price.

So, what does the underwriting approval mean for the company and the stock against this backdrop?

I think it's the development with meaningful long-term earnings significance -- and one that will help reduce some of the company's dependence on trading activity. After all, underwriting fees are paid by issuers deal by deal, so the revenue wouldn't hinge on how actively customers happen to be trading in a given month -- a welcome trait for a business still exposed to crypto's swings. And with companies like SpaceX testing just how big retail allocations can get, Robinhood may be entering the business at an opportune moment.

Still, the company hasn't underwritten a deal yet, and the established investment banks that dominate underwriting today won't step aside easily. Investors with a long time horizon may be comfortable paying up for that potential. For everyone else, watching how Robinhood's first underwriting assignments play out may be the more prudent move.

Robinhood said it has seen “record-breaking” traffic on its trading platform Friday in the hours after SpaceX’s historic public markets debut.

The company shared in a post on X that “some customers experienced latency and intermittent issues” with trading but that the platform quickly recovered.

SpaceX’s shares started trading on the Nasdaq stock exchange at around 11:47 a.m. ET. Those shares immediately started trading up around 11%, pushing the company’s valuation past $2 trillion — and making Elon Musk the world’s first trillionaire. In just one hour, around 263 million shares have traded, according to Nasdaq, representing around $42 billion worth of SpaceX stock changing hands.

SpaceX only made about 4% of its shares available for trading in the IPO, putting it in a position for wild swings in its stock price as it begins life as a public company.

Topics

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UiPath (PATH 0.94%), an automation platform offering robotic process automation solutions, closed Monday’s session at $13.1, up 11.77%. The stock moved higher after investors reacted to fiscal Q1 2027 results that showed 17% revenue growth, the company’s positive GAAP operating income, and raised guidance. Investors are watching how improved profitability will supports its AI automation strategy.

The company’s trading volume reached 65.5 million shares, coming in about 93% above compared with its three-month average of 34 million shares. UiPath IPO'd in 2021 and has fallen 81% since going public.

How the markets moved todayS&P 500 (^GSPC +0.50%) added 0.27% to finish near 7,599.96, while the Nasdaq Composite (^IXIC +0.31%) climbed 0.42% to close around 27,086.81. Among software - infrastructure names, industry peers Microsoft (MSFT +0.11%) closed at $460.52 (+2.28%) and Oracle (ORCL 0.05%) finished at $248.15 (+9.91%), underscoring continued enthusiasm for large-scale AI and cloud infrastructure spending.

What this means for investorsUiPath shares increased following fiscal first-quarter results that demonstrated stronger revenue growth and improved profitability. The company reported $418 million in revenue, a 17% year-over-year increase, and annual recurring revenue of $1.901 billion, up 12%. UiPath also achieved positive GAAP operating income of $28 million and non-GAAP operating income of $92 million, which provided investors with clearer evidence that revenue growth is translating into operating leverage.

The higher fiscal 2027 outlook shifted the market’s attention beyond a single strong quarter, though analysts remain cautious. Bank of America raised its price target to $13 from $12 but maintained an Underperform rating, indicating UiPath must continue to deliver recurring revenue growth following a prolonged post-IPO decline. Investors will be closely monitoring ARR growth, agentic automation adoption, and cost discipline to ensure they can continue to support the company’s operating income and free cash flow.

Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft, Oracle, and UiPath. The Motley Fool has a disclosure policy.

UiPath, Inc. (PATH) Presents at 46th Annual William Blair Growth Stock Conference Transcript

UiPath’s Automation Cloud UAE Region Certified Under the DESC Cloud Service Provider Security Standard, Enabling Secure Agentic Automation Across Dubai’s Public and Private Sectors

DUBAI, United Arab Emirates--(BUSINESS WIRE)--UiPath (NYSE: PATH), a leader in business orchestration and automation, today announced it has achieved certification under the Dubai Electronic Security Center (DESC) Cloud Service Provider (CSP) Security Standard for its Automation Cloud Commercial UAE region. This milestone certifies the UiPath suite of automation and AI services against the highest cybersecurity standards mandated by the Emirate of Dubai, opening the full scope of UAE government and semi-government entities as eligible customers and reinforcing the commitment of UiPath to building trust-first, enterprise-grade automation infrastructure across the region.

The DESC, operating under the Digital Dubai Authority, serves as the primary regulatory authority for cybersecurity and digital infrastructure protection in Dubai. Its CSP Security Standard is grounded in international frameworks including ISO 27001, with additional controls designed specifically for the UAE’s regulatory and data sovereignty requirements. Under Dubai law, government and semi-government organizations are prohibited from engaging cloud service providers that have not achieved DESC certification, making this designation not just a competitive differentiator, but a mandatory prerequisite for any cloud provider seeking to serve the public sector.

With this certification in place, UiPath becomes an eligible automation platform for Tier 1 enterprises and government entities across the UAE, enabling them to deploy agentic automation at scale with the confidence that their data handling, identity management, encryption, and business continuity protocols meet the most stringent local standards. For organizations that have previously been unable to deploy UiPath’s cloud services due to regulatory constraints, this certification removes that barrier entirely. The DESC certification covers the full breadth of automation and AI capabilities in the UiPath platform. This comprehensive scope ensures that UAE government and enterprise customers can leverage the end-to-end agentic automation capabilities of the UiPath platform—from intelligent document processing and AI-powered decision-making to orchestration, testing, and citizen development—all within a fully certified, compliant cloud environment.

“Security and trust are the foundation upon which every enterprise automation program must be built,” said Scott Roberts, Chief Information Security Officer, UiPath. “Nowhere is that truer than in regulated markets like the UAE, where the stakes for data sovereignty and compliance are exceptionally high. Achieving DESC certification is a direct reflection of the rigorous security standards to which we hold ourselves at UiPath. It sends a clear message to our customers across Dubai and the broader UAE that your data is protected, your compliance obligations are met, and your organization can move forward with confidence. We are proud to be a certified partner in Dubai’s vision for a secure, AI-powered digital future.”

For more information about UiPath's security and compliance certifications, visit the UiPath Trust Center at www.uipath.com/legal/trust-and-security.

About UiPath

UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.

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Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: UiPath (PATH - Free Report) UiPath, Inc. provides an end-to-end enterprise automation platform that combines robotic process automation with AI to help organizations discover, build, and operate software automations at scale. The UiPath Platform enables users to automate tasks across user interfaces, APIs, and documents, and to orchestrate digital workers that collaborate with people. Core capabilities include AI-powered document understanding, low-code design tools, process mining to identify automation opportunities, automated testing, analytics, and centralized governance. The company was first established in Bucharest, Romania in 2005 and incorporated in Delaware in 2015. Its principal executive offices are at One Vanderbilt Avenue, New York, NY.

PATH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. PATH has a Growth Style Score of B, forecasting year-over-year earnings growth of 8.3% for the current fiscal year.

For fiscal 2027, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $0.78 per share. PATH boasts an average earnings surprise of +30.5%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PATH should be on investors' short list.

AI-powered orchestration enables one of ANZ’s leading telcos to dramatically reduce complexity and accelerate service delivery for enterprise customers

AUCKLAND, New Zealand--(BUSINESS WIRE)--UiPath (NYSE: PATH), a global leader in business orchestration and automation, today announced that One NZ has set a new benchmark for enterprise service delivery across ANZ using UiPath Maestro™— a cloud-native orchestration platform unifying automation, AI agents, and human interaction into streamlined, end-to-end business processes—to cut mobile provisioning times from ten days to under ten minutes.

"As AI adoption grows, the leading companies won't be those with the newest tech stacks—they'll be the organizations that move fastest with the technology they already have," said Ashley Boag, Chief Operating Officer, International Region, UiPath.

Share Implemented in just five weeks, the deployment proves that AI orchestration can transform legacy-heavy operations at scale without a costly infrastructure overhaul and signals a new standard for how telcos can deliver for enterprise customers.

One NZ set out to transform one of their most complex back-office workflows: enterprise mobile provisioning, built across multiple disconnected systems. Enterprise mobile provisioning spanned Salesforce, Oracle, and internal platforms, with fragmented handoffs and dependence on offshore intervention stretching order cycles to four or five days. Manual processes introduced delays, limiting visibility across the customer order journey, and creating compounding operational complexity that demanded a fundamentally different approach.

Rather than replacing an existing infrastructure for this workflow, One NZ selected UiPath Maestro to create a modern orchestration layer connecting those disconnected systems. AI agents now coordinate tasks across systems while software robots execute processes within applications, enabling near real-time provisioning for enterprise customers and significantly reducing operational complexity. The solution also delivers real-time visibility and control across legacy environments, enabling faster issue resolution, sharper frontline training, and a process that scales with significantly less operational effort.

“One NZ is pursuing an ambitious goal to become the most AI-enabled telco on the planet by using AI and automation to improve customer experiences, increase operational agility, and empower employees,” said Summer Collins, Chief AI and Business Services Director, One NZ.

“AI creates a connected intelligence layer across our business, enabling us to automate across our technology landscape and continuously improve how we serve our customers while maintaining the security, resilience, and scale our organization depends on. Our approach is AI-first, but human where it matters most. By embedding AI into the way we work, we can transform our organisation, increase efficiency, and unlock new opportunities, while giving our people more time to focus on the human moments that create the greatest value for our customers and communities,” Collins added.

“One NZ clearly demonstrates how complex enterprises are built on a combination of modern and legacy technology. UiPath Maestro is the orchestration layer that brings it all together, accelerating transformation without the complexity and pain of ripping out what is working for them or forcibly modernizing what is already there. One NZ’s focus on transformation reflects a broader shift across the telecommunications sector and other sectors. As AI adoption grows, the leading companies won't be those with the newest tech stacks—they'll be the organizations that move fastest with the technology they already have. One NZ is demonstrating what that looks like in practice, orchestrating end-to-end processes to deliver AI-driven outcomes at enterprise scale while keeping people at the center,” said Ashley Boag, Chief Operating Officer, International Region, UiPath.

Building on this deployment, One NZ is extending UiPath Maestro into additional business-critical areas — including finance, risk, fraud, and complex IT programs, as well as broader customer and operational workflows.

The momentum reflects a wider shift taking hold across the telecommunications sector: providers are moving beyond automating individual tasks to orchestrating entire business processes end-to-end, and UiPath Maestro is emerging as the platform layer that makes that transformation both practical and repeatable.

About UiPath
UiPath (NYSE: PATH) is a leader in agentic business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: UiPath (PATH - Free Report) UiPath, Inc. provides an end-to-end enterprise automation platform that combines robotic process automation with AI to help organizations discover, build, and operate software automations at scale. The UiPath Platform enables users to automate tasks across user interfaces, APIs, and documents, and to orchestrate digital workers that collaborate with people. Core capabilities include AI-powered document understanding, low-code design tools, process mining to identify automation opportunities, automated testing, analytics, and centralized governance. The company was first established in Bucharest, Romania in 2005 and incorporated in Delaware in 2015. Its principal executive offices are at One Vanderbilt Avenue, New York, NY.

PATH is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Computer and Technology stock. PATH has a Momentum Style Score of A, and shares are up 4.2% over the past four weeks.

For fiscal 2027, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $0.78 per share. PATH boasts an average earnings surprise of +30.5%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PATH should be on investors' short list.

Investors might want to bet on UiPath (PATH - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.

The upward trend in estimate revisions for this enterprise automation software developer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

For UiPath, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe company is expected to earn $0.15 per share for the current quarter, which represents a year-over-year change of 0.0%.

The Zacks Consensus Estimate for UiPath has increased 74.24% over the last 30 days, as three estimates have gone higher compared to no negative revisions.

Current-Year Estimate RevisionsFor the full year, the company is expected to earn $0.79 per share, representing a year-over-year change of +9.7%.

The revisions trend for the current year also appears quite promising for UiPath, with four estimates moving higher over the past month compared to two negative revisions. The consensus estimate has also received a boost over this time frame, increasing 18.42%.

Favorable Zacks RankThanks to promising estimate revisions, UiPath currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.

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

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineInvestors have been betting on UiPath because of its solid estimate revisions, as evident from the stock's 7.4% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.

PATH's term licensing/per-seat SaaS model avoids unpredictable AI token costs while providing deterministic orchestration that complements the growing Agentic AI use. Combined with the expanded ecosystem partnership and the forward-deployed engineering program, it is unsurprising that the company has reported accelerated backlog growth. FQ1'27 brings forth PATH's ARR growth to $1.9B (+12.2% YoY), expanded operating margins to 22%, and first-ever Q1 GAAP profitability, with it supporting the raised FY2027 guidance.

UiPath (PATH - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this enterprise automation software developer have returned +10.1%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Internet - Software industry, which UiPath falls in, has gained 0.5%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

UiPath is expected to post earnings of $0.15 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate has changed +74.2%.

The consensus earnings estimate of $0.79 for the current fiscal year indicates a year-over-year change of +9.7%. This estimate has changed +18.4% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.9 indicates a change of +14.3% from what UiPath is expected to report a year ago. Over the past month, the estimate has changed +3.8%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, UiPath is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For UiPath, the consensus sales estimate for the current quarter of $397.59 million indicates a year-over-year change of +9.9%. For the current and next fiscal years, $1.78 billion and $1.92 billion estimates indicate +10.4% and +8.2% changes, respectively.

Last Reported Results and Surprise HistoryUiPath reported revenues of $418.38 million in the last reported quarter, representing a year-over-year change of +17.3%. EPS of $0.15 for the same period compares with $0.11 a year ago.

Compared to the Zacks Consensus Estimate of $397.43 million, the reported revenues represent a surprise of +5.27%. The EPS surprise was 0%.

Over the last four quarters, UiPath surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

UiPath is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about UiPath. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Medifast Inc (NYSE: MED - Get Free Report) CEO Daniel Chard acquired 17,678 shares of the stock in a transaction on Friday, March 20th. The stock was bought at an average price of $10.11 per share, with a total value of $178,724.58. Following the transaction, the chief executive officer directly owned 17,678 shares in the company,

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NEW YORK, April 14, 2026 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Medifast, Inc. (NYSE: MED) on behalf of the company's shareholders.  The investigation seeks to determine whether Medifast's directors breached their fiduciary duties in connection with recent corporate actions.

If you are a shareholder of Medifast and are interested in obtaining additional information about your rights and options, please visit us at: https://pjlfirm.com/medifast-inc/

You may also contact Robert H. Lefkowitz, Esq. either via email at [email protected] or by telephone at 212-725-1000.  One of our attorneys will personally speak with you about the case at no cost or obligation.

Purcell & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit https://pjlfirm.com.   Attorney advertising. Prior results do not guarantee a similar outcome. 

SOURCE Purcell & Lefkowitz LLP

Also from this source

BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed, coach-guided lifestyle system, today reported results for the first quarter ended March 31, 2026.

First Quarter 2026

Revenue of $76.0 million, with revenue per active earning coach of $5,432 Independent active earning coaches of 14,000 Net loss of $2.1 million, or $0.19 per diluted share ("EPS") Cash, Cash Equivalents, and Investment Securities of $168.9 million with no debt "We are encouraged by the continued progress we are seeing as we execute our metabolic health strategy, including a second consecutive quarter of year-over-year coach productivity growth, strong coach leadership advancement, and high field engagement. These are metrics that have historically been leading indicators of future growth. Backed by our differentiated science, coach-led model, and a disciplined approach to managing costs, we believe we are well positioned to drive improved performance through the remainder of 2026 and a return to sustainable, long-term growth in the years ahead,” said Dan Chard, CEO of Medifast.

First Quarter 2026 Results

First quarter 2026 revenue decreased 34.3% to $76.0 million from $115.7 million for the first quarter of 2025 primarily driven by a decrease in the number of active earning coaches. The total number of active earning coaches decreased 44.9% to 14,000 compared to 25,400 for the first quarter of 2025, primarily driven by continued pressure with client acquisition reflecting broader challenges in the operating environment, including rapid adoption of GLP-1 medications for weight loss. While the company continues its transformation to focus on metabolic health, it expects the number of active earning coaches to continue to decline in 2026. The average revenue per active earning coach was $5,432, compared to $4,556 for the first quarter last year, an increase of 19.2% which was driven by greater alignment of the company's network of coaches, prioritizing productive coaches and efficient coach network structures.

Gross profit decreased 38.6% to $51.8 million from $84.2 million for the first quarter of 2025. The decrease in gross profit was primarily attributable to lower sales volumes. The company's gross profit as a percentage of revenue was 68.1% compared to 72.8% for the first quarter of 2025. The decrease in gross profit as a percentage of revenue was primarily driven by the loss of leverage on fixed costs.

Selling, general, and administrative expenses (“SG&A”) decreased 35.6% to $55.1 million compared to $85.5 million for the first quarter of 2025. The decrease in SG&A was primarily due to a $16.2 million decrease in coach compensation on lower volume and fewer active earning coaches, a $5.6 million decrease in company-led marketing related expenses, a one-time $2.2 million gain on the sale of the company's Maryland Distribution Center building and land previously classified as held for sale, and a $2.0 million decrease in employee compensation resulting from the realignment of the employee base to lower revenue levels. As a percentage of revenue, SG&A decreased 150 basis points year-over-year to 72.4% of revenue, as compared to 73.9% for the first quarter of 2025. The decrease in SG&A as a percentage of revenue was primarily due to approximately 470 basis points of decreased company-led marketing related expenses and 240 basis points of one-time gain on the sale of the company's Maryland Distribution Center building and land previously classified as held for sale, partially offset by 620 basis points of loss of leverage on fixed costs due to lower sales volume.

The company's loss from operations for the period was $3.3 million compared to $1.3 million in the prior year period. As a percentage of revenue, loss from operations was 4.3% for the first quarter of 2026 compared to 1.1% in the prior year comparable period due to the factors described above impacting revenue and SG&A expenses.

Other income decreased 24.3% to $1.4 million from $1.8 million for the first quarter of 2025 primarily due to unrealized gains on the company's investment in LifeMD common stock in the prior year period. The company sold its investment in LifeMD during the quarter ended June 30, 2025.

Income tax expense for the period was $0.2 million, an effective rate of negative 9.3%, as compared to $1.3 million for the first quarter of 2025, an effective rate of 246.8%. Due to the existence of a full valuation allowance against its deferred tax assets recorded as of December 31, 2025, the Company calculated income tax expense for the current period based on actual results for the quarter. As a result, the Company’s income tax provision for the quarter reflects discrete items, primarily state income taxes. The decrease in the effective tax rate was primarily driven by the increased loss incurred in the March 31, 2026 period and the valuation allowance on the net deferred tax assets.

In the first quarter of 2026, the company's net loss was $2.1 million, or $0.19 per share, based on approximately 11.0 million shares of common stock outstanding compared to a net loss of $0.8 million, or $0.07 per diluted share, based on approximately 10.9 million shares of common stock outstanding in the prior year period.

Capital Allocation and Balance Sheet

The company’s balance sheet remains strong with cash, cash equivalents and investment securities of $168.9 million and no debt as of March 31, 2026, compared to $167.3 million in cash, cash equivalents and investment securities and no debt at December 31, 2025. Working capital as defined as current assets less current liabilities as of March 31, 2026 was $160.4 million, compared to $158.7 million of working capital at December 31, 2025.

Outlook

The company expects second quarter 2026 revenue to be in the range of $60 million to $80 million and second quarter 2026 loss per share to be in the range of $0.50 to $1.00. The company expects full year 2026 revenue to be in the range of $270 million to $300 million and full year 2026 loss per share to range from $1.55 to $2.75.

Conference Call Information

The conference call is scheduled for today, Monday, May 4, 2026 at 4:30 p.m. ET. The call will be broadcast live over the Internet, hosted on the Investor Relations section of Medifast’s website at www.MedifastInc.com or directly at https://viavid.webcasts.com/starthere.jsp?ei=1759153&tp_key=64a2fbe076 and will be archived online and available through August 4, 2026. In addition, listeners may dial (201) 389-0879 to join via telephone.

A telephonic playback will be available from 7:30 p.m. ET, May 4, 2026 through May 11, 2026. Participants can dial (412) 317-6671 and enter passcode 13759893 to hear the playback.

About Medifast®:

Medifast (NYSE: MED) is the metabolic health and wellness company known for its science-backed, coach-guided lifestyle system. Designed to help address the challenges of metabolic dysfunction, the company’s holistic approach integrates personalized plans, scientifically developed products and a framework for habit creation — all supported by a dedicated network of independent coaches.

Driven to improve metabolic health through advanced science and comprehensive behavioral support, Medifast has introduced Metabolic Synchronization®, a breakthrough science that reverses metabolic dysfunction through a targeted reset. Research demonstrates the company’s comprehensive system activates strong and targeted fat burn to enhance metabolic health and body composition by reducing visceral fat, preserving lean mass and protecting muscle integrity.

Backed by more than 40 years of clinical heritage, Medifast continues to advance its mission of Lifelong Transformation, Making Healthy Lifestyle Second Nature®. For more information, visit Medifastinc.com.

MED-F

Forward Looking Statements

Please Note: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by use of phrases or terminology such as “intend,” “anticipate,” “expect” or other similar words or the negative of such terminology. Similarly, descriptions of Medifast’s objectives, strategies, plans, goals, outlook or targets contained herein are also considered forward-looking statements. These statements are based on the current expectations of the management of Medifast and are subject to certain events, risks, uncertainties and other factors. Some of these factors include, among others, Medifast's inability to maintain and grow the network of independent coaches; industry competition and new weight loss products, including weight loss medications such as GLP-1s, or services; Medifast’s health or advertising related claims by clients; Medifast's inability to continue to develop new products; effectiveness of Medifast's advertising and marketing programs, including use of social media by coaches; effectiveness of the Company's strategic pivot towards metabolic health; the departure of one or more key personnel; Medifast's inability to protect against online security risks and cyberattacks; competitors use of artificial intelligence to make their offer more competitive; risks associated with Medifast's direct-to-consumer business model; disruptions in Medifast's supply chain; product liability claims; Medifast's planned growth into domestic markets including through its collaboration with LifeMD, Inc.; adverse publicity associated with Medifast's products; the impact of existing and future laws and regulations on Medifast’s business; fluctuations of Medifast's common stock market price; increases in litigation; actions of activist investors; the consequences of other geopolitical events, overall economic and market conditions and the resulting impact on consumer sentiment and spending patterns; and Medifast's ability to prevent or detect a failure of internal control over financial reporting. Although Medifast believes that the expectations, statements and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings filed with the United States Securities and Exchange Commission, including its quarterly reports on Form 10-Q and current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.

    MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. dollars in thousands, except per share amounts)

Three months ended March 31,

2026

2025

Revenue

$

76,044

$

115,728

Cost of sales

24,288

31,483

Gross profit

51,756

84,245

Selling, general, and administrative

55,051

85,507

Loss from operations

(3,295

)

(1,262

)

Other income

Interest income

1,379

1,301

Other income (expense)

(25

)

487

1,354

1,788

Income (loss) before provision for income taxes

(1,941

)

526

Provision for income taxes

181

1,298

Net loss

$

(2,122

)

$

(772

)

Loss per share - basic

$

(0.19

)

$

(0.07

)

Loss per share - diluted

$

(0.19

)

$

(0.07

)

Weighted average shares outstanding

Basic

11,006

10,948

Diluted

11,006

10,948

    MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(U.S. dollars in thousands, except par value)

March 31,

2026

December 31,

2025

ASSETS

Current Assets

Cash and cash equivalents

$

71,529

$

89,303

Inventories, net

21,403

20,228

Investments

97,417

77,970

Prepaid expenses and other current assets

6,965

9,066

Total current assets

202,630

201,683

Property, plant and equipment, net of accumulated depreciation

29,643

31,230

Right-of-use assets

12,921

7,232

Other assets

6,852

7,828

TOTAL ASSETS

$

252,046

$

247,973

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable and accrued expenses

$

38,264

$

38,359

Current lease obligations

3,920

4,603

Total current liabilities

42,184

42,962

Lease obligations, net of current lease obligations

12,181

6,091

Total liabilities

54,365

49,053

Stockholders' Equity

Common stock, par value $.001 per share: 20,000 shares authorized; 11,119 and 10,991 issued and outstanding at March 31, 2026 and December 31, 2025, respectively

11

11

Additional paid-in capital

41,488

40,406

Accumulated other comprehensive income

33

234

Retained earnings

156,149

158,269

Total stockholders' equity

197,681

198,920

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

252,046

$

247,973

   

Medifast, Inc. (MED) Q1 2026 Earnings Call Transcript