Market Signal Briefing

Chegg, Inc. (CHGG) Q4 2025 Earnings Call February 9, 2026 4:30 PM EST

Company Participants

Tracey Ford - Vice President of Investor Relations
Daniel Rosensweig - Executive Chairman, President & CEO
David Longo - CFO, Principal Financial & Accounting Officer and Treasurer

Conference Call Participants

Bryan Smilek - JPMorgan Chase & Co, Research Division
Ryan MacDonald - Needham & Company, LLC, Research Division

Presentation

Operator

Greetings, and welcome to the Chegg, Inc. Fourth Quarter 2021 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Tracey Ford, Vice President of Investor Relations. Thank you. You may begin.

Tracey Ford
Vice President of Investor Relations

Good afternoon. Thank you for joining Chegg's Fourth Quarter 2025 Conference Call. On today's call are Dan Rosensweig, President and CEO; and David Longo, Chief Financial Officer. A copy of our earnings press release, along with our investor presentation, is available on our Investor Relations website, investor.chegg.com. A replay of this call will also be available on our website. We routinely post information on our website and intend to make important announcements on our media center website at chegg.com/mediacenter. We encourage you to make use of these resources.

Before we begin, I would like to point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of the company. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

We caution you to consider the important factors that could cause actual results to differ materially from those in the forward-looking statements. In particular, we refer you to the cautionary language included in today's earnings release and the risk factors described in Chegg's annual report on Form 10-K for

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LOS ANGELES--(BUSINESS WIRE)--Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the fourth quarter and year ended December 31, 2025.

“I want to congratulate our employees on a year of many accomplishments. We returned to total revenue growth in the last three quarters of the year, driven by our corporate channel exceeding 7% revenue growth by the end of 2025. We further reduced our debt by $36 million reaching our initial debt objectives and successfully refinanced and subsequently retired our 6% Notes due October 2026 at a favorable interest rate. The generation of record net cash provided by operating activities and free cash flow allowed us to continue investing in our business while also repurchasing approximately 1 million shares of our Company stock. Our financial results position us well for 2026,” said Scott Turicchi, CEO of Consensus.

FOURTH QUARTER 2025 HIGHLIGHTS (UNAUDITED)

Q4 2025 quarterly revenues increased by $0.1 million to $87.1 million compared to $87.0 million for Q4 2024. This increase was primarily due to an increase of $3.9 million or 7.3% in our Corporate business, partially offset by a decrease of $3.8 million or 11.1% in our Small office home office (“SoHo”) business relating to our strategic initiative.

Net income (1) increased by $2.4 million or 13% to $20.5 million in Q4 2025 compared to $18.1 million in Q4 2024. The increase was primarily due to an increase in income from operations primarily as a result of reduced marketing spend and lower bad debt expense as well as a decrease in income tax expense, partially offset by a unfavorable change in intercompany related foreign exchange gain and loss. Q4 2025 net income margin (1) was 23.5% compared to 20.8% for Q4 2024.

Earnings per diluted share (1) increased to $1.06, or by 15.2%, in Q4 2025 compared to $0.92 for Q4 2024. The increase was primarily due to the items discussed above.

Adjusted EBITDA (3,4) for Q4 2025 of $45.2 million increased compared to $44.4 million in Q4 2024, primarily driven by an increase in income from operations as a result of reduced marketing spend and lower bad debt expense. Q4 2025 Adjusted EBITDA margin (3) was 51.9% and 51.0% in Q4 2025 and Q4 2024, respectively, which were both within our target Adjusted EBITDA margin (3) range of 50% to 55%.

Adjusted net income (1,2) in Q4 2025 increased to $27.3 million from $24.3 million in Q4 2024, primarily due to the items discussed above.

Adjusted earnings per diluted share (1,2) for the quarter increased to $1.41 from $1.24 in Q4 2024, primarily due to the items discussed above.

Net cash provided by operating activities in Q4 2025 increased to $15.2 million from $11.1 million in Q4 2024. Free cash flow(5) in Q4 2025 increased to $7.3 million from $3.1 million in Q4 2024. The increase in net cash provided by operating activities and Free cash flow (5) was primarily due to increased income after excluding noncash items in Q4 2025 compared to Q4 2024.

Key financial results from operations for Q4 2025 versus Q4 2024 are set forth in the following table. Reconciliations of GAAP measures to comparable non-GAAP financial measures accompany this press release.

(Unaudited, in thousands except per share amounts and percentages)

Favorable

Q4 2025

Q4 2024

Change

Revenues

$

87,070

$

86,983

0.1%

Net income (1)

$

20,503

$

18,071

13.5%

Net income margin (1)

23.5

%

20.8

%

2.7 pts

Earnings per diluted share (1)

$

1.06

$

0.92

15.2%

Adjusted net income (1,2)

$

27,330

$

24,250

12.7%

Adjusted earnings per diluted share (1,2)

$

1.41

$

1.24

13.7%

Adjusted EBITDA (3,4)

$

45,209

$

44,353

1.9%

Adjusted EBITDA margin (3)

51.9

%

51.0

%

0.9 pts

Net cash provided by operating activities

$

15,218

$

11,126

36.8%

Free cash flow (5)

$

7,320

$

3,146

132.7%

FULL YEAR 2025 HIGHLIGHTS (UNAUDITED)

2025 revenues decreased $0.7 million to $349.7 million compared to $350.4 million for 2024. This slight decline was primarily due to a decrease of $14.3 million or 10.1% in our SoHo business relating to our strategic initiative, partially offset by an increase of $13.6 million or 6.5% in our Corporate business.

Net income (1) decreased to $84.5 million in 2025 compared to $89.4 million for 2024. Net income was negatively impacted by $15.0 million, due to the combined effect of an unfavorable change in intercompany related foreign exchange gain and loss, as well as a gain on the extinguishment of debt that occurred in 2024 compared to a loss in 2025. Mostly offsetting the impact of these items, net income was positively impacted by $11.0 million due to the combined effect of reductions in interest expense (excluding debt extinguishment gain/loss) as debt repurchases and redemption lowered our outstanding debt balance, income tax expense and depreciation and amortization expense in 2025. 2025 net income margin (1) was 24.2% compared to 25.5% for 2024.

Earnings per diluted share (1) decreased to $4.35, or by 5.8%, in 2025 compared to $4.62 for 2024. The decrease was primarily due to the items discussed above.

Adjusted EBITDA (3,4) for 2025 of $186.9 million decreased compared to $188.4 million in 2024, primarily driven by increases in our data transmission costs and personnel-related expenses as well as a $0.7 million decline in revenues. Adjusted EBITDA margin (3) was 53.4% and 53.8% for 2025 and 2024, respectively, which were both within our target Adjusted EBITDA margin(3) range of 50 to 55%.

Adjusted net income (1,2) in 2025 increased to $109.4 million from $105.5 million in 2024 primarily driven by a favorable reduction in our interest expense (excluding the impact of the extinguishment of debt) due to a lower average outstanding debt balance as a result of our debt repurchases and retirement of the 2026 Senior Notes.

Adjusted earnings per diluted share (1,2) for the year increased to $5.62, or by 3.1%, compared to $5.45 for 2024. The increase is due to the items that drove the change in Adjusted net income (1,2).

Net cash provided by operating activities in 2025 increased to $136.1 million from $121.7 million in 2024. Free cash flow (5) in 2025 increased to $105.9 million from $88.3 million in 2024. The increase in net cash provided by operating activities and Free cash flow (5) primarily due to increased income after excluding noncash items in 2025 compared to 2024.

Key financial results from operations for 2025 versus 2024 are set forth in the following table. Reconciliations of GAAP measures to comparable non-GAAP financial measures accompany this press release.

(Unaudited, in thousands except per share amounts and percentages)

Favorable /(Unfavorable)

2025

2024

Change

Revenues

$

349,696

$

350,382

(0.2)%

Net income (1)

$

84,527

$

89,435

(5.5)%

Net income margin (1)

24.2

%

25.5

%

(1.3) pts

Earnings per diluted share (1)

$

4.35

$

4.62

(5.8)%

Adjusted net income (1,2)

$

109,359

$

105,529

3.6%

Adjusted earnings per diluted share (1,2)

$

5.62

$

5.45

3.1%

Adjusted EBITDA (3,4)

$

186,884

$

188,406

(0.8)%

Adjusted EBITDA margin (3)

53.4

%

53.8

%

(0.4) pts

Net cash provided by operating activities

$

136,086

$

121,747

11.8%

Free cash flow (5)

$

105,853

$

88,307

19.9%

Notes:

    (1)

  The effective tax rates were 25.7% for Q4 2025 and 31.1% for Q4 2024. The non-GAAP effective tax rates were 19.5% for Q4 2025 and 20.9% for Q4 2024. The full year effective tax rates were 25.9% for 2025 and 26.8% for 2024. The full year non-GAAP effective tax rates were 21.0% for 2025 and 20.8% for 2024. The calculation for net income margin is net income divided by revenues.

(2)

  Adjusted net income and Adjusted earnings per diluted share exclude certain non-GAAP items, as defined in the accompanying Reconciliation of GAAP to non-GAAP Financial Measures. Such exclusions totaled $0.35 and $0.32 per diluted share for the three months ended December 31, 2025 and 2024, respectively. For the years ended December 31, 2025 and 2024 such exclusions totaled $1.27 and $0.83 per diluted share, respectively. Adjusted net income and Adjusted earnings per diluted share are not meant as a substitute for measures calculated in accordance with GAAP, but are presented solely for informational purposes. Starting in 2025, the Company excludes intercompany related foreign exchange gains or losses from Adjusted net income and Adjusted earnings per diluted share. The prior year amounts have been adjusted for consistency with the current year. For the three months ended December 31, 2024, such exclusion decreased Adjusted net income by $1.5 million or $0.08 per diluted share. For the year ended December 31, 2024, such exclusion decreased Adjusted net income by $3.6 million or $0.18 per diluted share.

(3)

  Adjusted EBITDA is defined as earnings before interest expense; interest income; other (income) expense, net; income tax expense; depreciation and amortization; and other items used to reconcile earnings per diluted share to Adjusted earnings per diluted share, as presented in the Reconciliation of GAAP to Adjusted non-GAAP Financial Measures. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenues. Adjusted EBITDA amounts and Adjusted EBITDA margin are not meant as a substitute for measures calculated in accordance with GAAP, but are presented solely for informational purposes. The most directly comparable GAAP financial measure to Adjusted EBITDA and Adjusted EBITDA margin is net income and net income margin.

(4)

  See Net Income to Adjusted EBITDA Reconciliation for the components of Adjusted EBITDA.

(5)

  Free cash flow is defined as net cash provided by operating activities, less purchases of property and equipment. Free cash flow amounts are not meant as a substitute for measures calculated in accordance with GAAP, but are solely for informational purposes.

CAPITAL ALLOCATION STRATEGIC INITIATIVES

During the fourth quarter of 2025, the Company refinanced its 6.0% senior notes due in 2026 by redeeming them in full, utilizing proceeds of $150.0 million from the delayed-draw term loan and $70.0 million from the revolving credit facility, as well as $14.1 million in cash on hand, to retire the remaining $234.1 million in principal outstanding. Including the cash outlays for strategic capital allocation initiatives detailed below, Consensus finished the quarter with a cash and cash equivalents balance of $74.7 million.

The following table consists of our material capital allocation strategic initiatives (in thousands):

Capital Allocation:

Q4 2025

Cumulative Total

Remaining

Under the Plan

Debt repurchase program (6)

$

—

$

222,614

$

77,386

Common stock repurchase program (7)

$

7,986

$

55,133

$

44,867

Q4 2025

2025

Purchases of property and equipment

$

7,898

$

30,233

Notes:     (6)

  On November 9, 2023, the Company’s Board of Directors approved a debt repurchase program, pursuant to which Consensus may reduce, through redemptions, open market purchases, tender offers, privately negotiated purchases or other retirements, a combination of the outstanding principal balance of the 2026 Senior Notes and 2028 Senior Notes. The authorization permits an aggregate principal amount reduction of up to $300 million and expires on November 9, 2026.

(7)

  On March 1, 2022, the Company’s Board of Directors approved a share buyback program. Under this program, the Company was authorized to purchase in the public market or in off-market transactions up to $100.0 million worth of the Company’s common stock through February 2025. In February 2025, the Company’s Board of Directors authorized and approved a three-year extension of the share repurchase program through February 2028.

Q1 2026 GUIDANCE (i)

The following table presents ranges for the Company’s Q1 2026 guidance (in millions, except per share amounts):

Low

Midpoint

High

Revenue

$

85.4

$

87.4

$

89.4

Adjusted EBITDA

$

43.8

$

45.3

$

46.8

Adjusted earnings per diluted share (ii)

$

1.36

$

1.41

$

1.46

FY 2026 GUIDANCE (i)

The following table presents ranges for the Company’s 2026 guidance (in millions, except per share amounts):

Low

Midpoint

High

Revenue

$

350.0

$

357.0

$

364.0

Adjusted EBITDA

$

182.0

$

187.5

$

193.0

Adjusted earnings per diluted share (ii)

$

5.55

$

5.75

$

5.95

Financial Results are Preliminary

The Company is currently finalizing its financial closing process for the year ended December 31, 2025 and the Company’s audited financial results as of and for the year ended December 31, 2025 are not yet available. The unaudited, preliminary consolidated financial data presented above as of December 31, 2025 reflects the Company’s preliminary estimates based on information available as of the date of this release and is subject to change. Accordingly, you should not place undue reliance upon these preliminary estimates. The unaudited, preliminary financial data included in this press release has been prepared by, and is the responsibility of, the Company’s management. The Company’s auditor has not audited, reviewed, compiled or applied agreed-upon procedures with respect to such preliminary financial data. Accordingly, the Company’s auditor does not express an opinion or any other form of assurance with respect thereto. Upon completion of its financial closing procedures, the Company’s audited financial results may differ materially from its preliminary estimates.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is a global leader in digital cloud fax technology. With over 25 years of success with eFax® at its core, the Company has evolved to be a trusted provider of interoperability solutions, leveraging artificial intelligence and secure data exchange to transform digital information, automate critical workflows, and maximize operational efficiencies. Consensus maintains industry-leading compliance standards, making it a preferred partner for heavily regulated industries including healthcare, the public sector, financial services, insurance, real estate, and manufacturing. For more information about Consensus, visit consensus.com.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties include, among other items: the Company’s ability to grow fax revenues, profitability and cash flows; the Company’s ability to identify, close and successfully transition acquisitions; subscriber growth and retention; variability of the Company’s revenue based on changing conditions in particular industries and the economy generally; protection of the Company’s proprietary technology or infringement by the Company of intellectual property of others; the risk of adverse changes in the U.S. or international regulatory environments, including but not limited to the imposition or increase of taxes or regulatory-related fees; general economic and political conditions, including political tensions and war (such as the ongoing conflict in Ukraine and the Middle East); the impact of new or additional tariffs or other trade restrictions; the impacts of a U.S. federal government shutdown and the numerous other factors set forth in Consensus’ filings with the Securities and Exchange Commission (“SEC”). For a more detailed description of the risk factors and uncertainties affecting Consensus, refer to the 2024 Annual Report on Form 10-K filed by Consensus on February 20, 2025, and the other reports filed by Consensus from time-to-time with the SEC, each of which is available at www.sec.gov. The forward-looking statements provided in this press release are subject to change. Although management’s expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these statements.

About non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: Adjusted net income, Adjusted earnings per diluted share, Adjusted EBITDA, Adjusted EBITDA margin and Free cash flow. The presentation of this non-GAAP financial information is not intended to be considered in isolation from, or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance and liquidity. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

For more information on these non-GAAP financial measures, please see the appropriate GAAP to non-GAAP reconciliation tables included within the attached Exhibit to this Release.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED, IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

  December 31,
2025

December 31,
2024

ASSETS

Cash and cash equivalents

$

74,685

$

33,545

Accounts receivable, net of allowances of $3,105 and $5,774, respectively

23,686

24,921

Prepaid expenses and other current assets

18,788

16,059

Total current assets

117,159

74,525

Property and equipment, net

116,869

100,076

Operating lease right-of-use assets

5,098

6,515

Intangibles, net

38,761

41,213

Goodwill

352,939

345,036

Deferred income taxes

21,666

30,521

Other assets

11,323

4,315

TOTAL ASSETS

$

663,815

$

602,201

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Accounts payable and accrued expenses

$

36,045

$

36,477

Income taxes payable, current

97

1,068

Deferred revenue, current

19,773

20,714

Operating lease liabilities, current

2,576

2,150

Current portion of long-term debt

7,047

18,902

Total current liabilities

65,538

79,311

Long-term debt, net of current portion

551,322

574,080

Deferred revenue, noncurrent

1,567

1,913

Operating lease liabilities, noncurrent

9,754

12,018

Liability for uncertain tax positions

14,484

13,218

Deferred income taxes

7,176

891

Other long-term liabilities

201

233

TOTAL LIABILITIES

650,042

681,664

Commitments and contingencies

Common stock, $0.01 par value. Authorized 120,000,000; total issued is 21,057,258 and 20,609,725 shares and total outstanding is 18,958,448 and 19,524,000 shares as of December 31, 2025 and December 31, 2024, respectively

211

206

Treasury stock, at cost (2,098,810 and 1,085,725 shares as of December 31, 2025 and December 31, 2024, respectively)

(55,476

)

(32,313

)

Additional paid-in capital

76,984

59,373

Retained earnings (accumulated deficit)

849

(83,678

)

Accumulated other comprehensive loss

(8,795

)

(23,051

)

TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)

13,773

(79,463

)

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

$

663,815

$

602,201

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31, 2025 AND 2024

(UNAUDITED, IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

Three Months Ended December 31,

Year Ended December 31,

2025

2024

2025

2024

Revenues

$

87,070

$

86,983

$

349,696

$

350,382

Cost of revenues

17,387

17,860

70,601

69,688

Gross profit

69,683

69,123

279,095

280,694

Operating expenses:

Sales and marketing

13,302

14,289

51,548

51,065

Research, development and engineering

2,058

2,101

7,464

7,683

General and administrative

18,560

19,306

69,844

72,546

Total operating expenses

33,920

35,696

128,856

131,294

Income from operations

35,763

33,427

150,239

149,400

Interest expense

(9,043

)

(9,363

)

(35,528

)

(33,979

)

Interest income

821

371

2,515

2,546

Other income (expense), net

68

1,782

(3,217

)

4,278

Income before income taxes

27,609

26,217

114,009

122,245

Income tax expense

7,106

8,146

29,482

32,810

Net income

$

20,503

$

18,071

$

84,527

$

89,435

Net income per common share

Basic

$

1.08

$

0.93

$

4.39

$

4.64

Diluted

$

1.06

$

0.92

$

4.35

$

4.62

Weighted average shares outstanding:

Basic

19,048,406

19,375,450

19,250,895

19,286,579

Diluted

19,363,271

19,570,921

19,449,162

19,383,849

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED, IN THOUSANDS)

  Year Ended December 31,

2025

2024

Cash flows from operating activities:

Net income

$

84,527

$

89,435

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

18,733

20,516

Amortization of financing costs and discounts

1,686

1,822

Non-cash operating lease costs

1,778

1,549

Share-based compensation

17,693

16,764

Provision for doubtful accounts

4,180

5,104

Deferred income taxes

17,797

2,647

Loss (gain) on extinguishment of debt

919

(6,557

)

Decrease (increase) in:

Accounts receivable

(2,779

)

(3,780

)

Prepaid expenses and other current assets

(2,486

)

(6,002

)

Other assets

(1,730

)

1,048

Increase (decrease) in:

Accounts payable and accrued expenses

(880

)

768

Income taxes payable

(993

)

(1,047

)

Deferred revenue

(1,391

)

(1,509

)

Operating lease liabilities

(2,201

)

(2,455

)

Liability for uncertain tax positions

1,266

3,478

Other long-term liabilities

(33

)

(34

)

Net cash provided by operating activities

136,086

121,747

Cash flows from investing activities:

Purchases of property and equipment

(30,233

)

(33,440

)

Purchases of investments

(5,000

)

—

Net cash used in investing activities

(35,233

)

(33,440

)

Cash flows from financing activities:

Borrowings from term loans

150,000

—

Repayment of senior notes

(234,139

)

—

Debt issuance cost

(1,674

)

—

Proceeds from line of credit

70,000

—

Repayment of line of credit

(6,000

)

—

Proceeds from the issuance of common stock under employee stock purchase plan

1,307

1,334

Repurchase of common stock

(23,020

)

(1,031

)

Taxes paid related to net share settlement

(4,006

)

(2,727

)

Repurchase of debt

(15,764

)

(136,195

)

Net cash used in financing activities

(63,296

)

(138,619

)

Effect of exchange rate changes on cash and cash equivalents

3,583

(4,858

)

Net change in cash and cash equivalents

41,140

(55,170

)

Cash and cash equivalents at beginning of year

33,545

88,715

Cash and cash equivalents at end of year

$

74,685

$

33,545

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES

NET INCOME TO ADJUSTED NET INCOME RECONCILIATION

(UNAUDITED, IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

  The following tables set forth the reconciliation of Net income to Adjusted net income for the three months and years ended December 31, 2025 and 2024:

  Three Months Ended December 31,

2025

Per Diluted Share

2024*

Per Diluted Share

Net income

$

20,503

$

1.06

$

18,071

$

0.92

Plus:

Share-based compensation (a)

5,256

0.27

5,154

0.26

Foreign exchange gain (b)

(59

)

—

(1,829

)

(0.09

)

Amortization of acquired intangibles (c)

631

0.03

830

0.04

Intra-entity transfer (d)

916

0.04

831

0.04

Debt extinguishment loss (e)

796

0.04

110

0.01

Other (f)

(275

)

(0.01

)

1,794

0.10

Income tax impact of above items

(438

)

(0.02

)

(711

)

(0.04

)

Adjusted net income

$

27,330

$

1.41

$

24,250

$

1.24

  * Starting in 2025, the Company excludes intercompany related foreign exchange gains or losses from Adjusted net income and Adjusted earnings per diluted share. The prior year amounts have been adjusted for consistency with the current year. For the three months ended December 31, 2024, such exclusion decreased Adjusted net income by $1.5 million or $0.08 per diluted share.

Year Ended December 31,

2025

Per Diluted Share

2024*

Per Diluted Share

Net income

$

84,527

$

4.35

$

89,435

$

4.62

Plus:

Share-based compensation (a)

17,693

0.91

16,764

0.86

Foreign exchange loss (gain) (b)

3,112

0.16

(4,312

)

(0.22

)

Amortization of acquired intangibles (c)

2,509

0.13

3,341

0.17

Intra-entity transfer (d)

3,554

0.18

3,634

0.19

Debt extinguishment loss (gain) (e)

919

0.05

(6,557

)

(0.34

)

Other (f)

219

0.01

3,297

0.17

Income tax impact of above items

(3,174

)

(0.17

)

(73

)

—

Adjusted net income

$

109,359

$

5.62

$

105,529

$

5.45

  * Starting in 2025, the Company excludes intercompany related foreign exchange gains or losses from Adjusted net income and Adjusted earnings per diluted share. The prior year amounts have been adjusted for consistency with the current year. For the year ended December 31, 2024, such exclusion decreased Adjusted net income by $3.6 million or $0.18 per diluted share.

Adjusted net income as calculated above represents net income and the items used to reconcile GAAP to non-GAAP financial measures, including (a) share-based compensation; (b) intercompany related foreign exchange loss (gain); (c) amortization of acquired intangibles; (d) intra-entity transfers; (e) debt extinguishment loss (gain); (f) other benefits or costs related to non-routine and other matters; and (g) income tax impact. Adjusted net income and weighted average diluted shares are then used to calculate Adjusted earnings per diluted share. The Company discloses these measures as a supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that measures are broadly used by analysts, rating agencies and investors in assessing our performance. Accordingly, the Company believes that the presentation of these measures provides useful information to investors.

Adjusted net income and Adjusted earnings per diluted share are not calculated in accordance with, or presented as an alternative to, net income or earnings per diluted share, and may be different from similarly or identically named non-GAAP measures used by other companies. In addition, these measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

Non-GAAP Financial Measures

To supplement its unaudited consolidated financial statements, the Company uses the following non-GAAP financial measures: Adjusted net income, Adjusted earnings per diluted share, Adjusted EBITDA, Adjusted EBITDA margin and Free cash flow (collectively the “non-GAAP financial measures”). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that they provide useful information about core operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.

The Company’s non-GAAP financial measures are adjusted for the following items:

(a) Share-based compensation. The Company excludes share-based compensation because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(b) Foreign exchange (gain) loss. The Company excludes intercompany related gains or losses associated with foreign exchange. The Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(c) Amortization of acquired intangibles. The Company excludes amortization of patents and acquired intangible assets because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(d) Intra-entity transfers. The Company excludes certain effects of intra-entity transfers to the extent the related tax asset or liability in the financial statement is not recovered or settled, respectively, during the year. During December 2019, the Company entered into an intra-entity asset transfer that resulted in the recording of a tax benefit and related tax asset representing tax deductible amounts to be realized in future years which is expected to be recovered over a period of up to 20 years. The Company believes that excluding the cumulative future unrealized benefit of the assets transferred in 2019 and amortization of the tax asset in the subsequent years in the non-GAAP financial measures, thereby presenting the tax benefit in the non-GAAP measures in the year of realization, provides meaningful supplemental information regarding operational performance and facilitates comparisons to historical operating results.

(e) Debt extinguishment loss (gain). The Company excludes certain gains or losses associated with the retirement of our debt. The Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(f) Other. The Company excludes certain benefits or costs related to non-routine and other matters. The Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES

NET INCOME TO ADJUSTED EBITDA RECONCILIATION

(UNAUDITED, IN THOUSANDS)

  The following table sets forth a reconciliation of Net income to Adjusted EBITDA, the most directly comparable GAAP financial measure.

  Three Months Ended December 31,

Year Ended December 31,

2025

2024

2025

2024

Net income

$

20,503

$

18,071

$

84,527

$

89,435

Plus:

Interest expense

9,043

9,363

35,528

33,979

Interest income

(821

)

(371

)

(2,515

)

(2,546

)

Other (income) expense, net

(68

)

(1,782

)

3,217

(4,278

)

Income tax expense

7,106

8,146

29,482

32,810

Depreciation and amortization

4,465

5,548

18,733

20,516

EBITDA:

Plus:

Share-based compensation

5,256

5,154

17,693

16,764

Other

(275

)

224

219

1,726

Adjusted EBITDA

$

45,209

$

44,353

$

186,884

$

188,406

Adjusted EBITDA as calculated above represents earnings before interest expense, interest income, other (income) expense, net, income tax expense, depreciation and amortization and the items used to reconcile GAAP to non-GAAP financial measures, including share-based compensation and other benefits or costs related to non-routine and other matters. The Company discloses Adjusted EBITDA as a supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that measures similar to Adjusted EBITDA are broadly used by analysts, rating agencies and investors in assessing our performance. Accordingly, the Company believes that the presentation of Adjusted EBITDA provides useful information to investors.

Adjusted EBITDA is not calculated in accordance with, or presented as an alternative to, net income, and may be different from similarly or identically named non-GAAP measures used by other companies. In addition, Adjusted EBITDA is not based on any comprehensive set of accounting rules or principles. This Adjusted non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES

NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW RECONCILIATION

(UNAUDITED, IN THOUSANDS)

  Three Months Ended December 31,

Year Ended December 31,

2025

2024

2025

2024

Net cash provided by operating activities

$

15,218

$

11,126

$

136,086

$

121,747

Less: Purchases of property and equipment

(7,898

)

(7,980

)

(30,233

)

(33,440

)

Free cash flow

$

7,320

$

3,146

$

105,853

$

88,307

Net cash provided by operating activities in Q4 2025 increased to $15.2 million from $11.1 million in Q4 2024. Free cash flow in Q4 2025 increased to $7.3 million from $3.1 million in Q4 2024. The increase in net cash provided by operating activities and Free cash flow was primarily due to increased income after excluding noncash items in Q4 2025 compared to Q4 2024.

Net cash provided by operating activities in 2025 increased to $136.1 million from $121.7 million in 2024. Free cash flow in 2025 increased to $105.9 million from $88.3 million in 2024. The increase in net cash provided by operating activities and Free cash flow primarily due to increased income after excluding noncash items.

The term Free cash flow is defined as net cash provided by operating activities, less purchases of property and equipment. The Company discloses Free cash flow as a supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that this non-GAAP measure is broadly used by analysts, rating agencies and investors in assessing the Company’s performance. Accordingly, the Company believes that the presentation of this non-GAAP financial measure provides useful information to investors.

Free cash flow is not calculated in accordance with, or presented as an alternative to, net cash provided by operating activities, and may be different from non-GAAP measures with similar or even identical names used by other companies. In addition, Free cash flow is not based on any comprehensive set of accounting rules or principles. This non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

Key Performance Metrics (Unaudited)

The following table sets forth certain key performance metrics for Consensus for the three months and years ended December 31, 2025 and 2024 (in thousands, except for percentages and Average Revenue per Customer Account):

Three Months Ended
December 31,

Year Ended
December 31,

2025

2024

2025

2024

Corporate revenue

$

56,792

$

52,917

$

222,682

$

209,112

Corporate customer accounts (1)

65

59

65

59

Corporate Average Revenue per Customer Account (“ ARPA”) (1,2)

$

290.40

$

303.58

$

300.03

$

310.67

Corporate paid adds (3)

7

4

27

18

Corporate monthly account churn (4)

3.30

%

2.63

%

3.03

%

2.36

%

SoHo revenue

$

30,278

$

34,061

$

127,002

$

141,258

SoHo customer accounts (1)

638

721

638

721

SoHo ARPA (1,2)

$

15.55

$

15.52

$

15.58

$

15.39

SoHo paid adds (3)

47

60

217

247

SoHo monthly account churn (4)

3.50

%

3.58

%

3.64

%

3.56

%

  (1) Consensus customers are defined as paying Corporate and SoHo customer accounts. In the second quarter of 2025, we eliminated dormant accounts not contributing to revenue from the number of SoHo customer accounts. The prior year period has been revised for consistency with the current year, and all metrics calculated based on the number of customer accounts (including ARPA and monthly account churn %) are calculated based on the revised number. As a result of this change, the prior year period SoHo customer accounts decreased by 26 thousand.

  (2) Represents a monthly ARPA for the quarter or annual period, and is calculated as follows: Monthly ARPA on a quarterly basis is calculated using our standard convention of dividing revenue for the quarter by the average of the quarter’s beginning and ending customer base and dividing that amount by 3 months. Monthly ARPA on an annual basis is calculated by dividing revenue for the year by the average customer base for the applicable period and dividing that amount by 12 months. Consensus believes ARPA provides investors an understanding of the average monthly revenues we recognize per account associated within Consensus’ customer base. As ARPA varies based on fixed subscription fee and variable usage components, Consensus believes it can serve as a measure by which investors can evaluate trends in the types of services, levels of services and the usage levels of those services across Consensus’ customers.

  (3) Paid Adds represents paying new Consensus customer accounts added during the periods presented.

  (4) Monthly churn represents paid monthly Corporate and SoHo customer accounts that were cancelled during each month of the quarter or annual period, divided by the average number of customers during each month of the same quarter or annual period (including the paid adds). The period measured is the quarter or annual period and expressed as a monthly churn rate over the respective period.

More News From Consensus Cloud Solutions, Inc.

Ross Stores (ROST - Free Report) closed the most recent trading day at $194.50, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.9%.

Heading into today, shares of the discount retailer had lost 0.37% over the past month, outpacing the Retail-Wholesale sector's loss of 1.03% and lagging the S&P 500's loss of 0.16%.

Analysts and investors alike will be keeping a close eye on the performance of Ross Stores in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.87, signifying a 4.47% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.37 billion, reflecting a 7.75% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $6.47 per share and a revenue of $22.47 billion, demonstrating changes of +2.37% and +6.37%, respectively, from the preceding year.

Any recent changes to analyst estimates for Ross Stores should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. Within the past 30 days, our consensus EPS projection has moved 0.39% higher. At present, Ross Stores boasts a Zacks Rank of #2 (Buy).

Digging into valuation, Ross Stores currently has a Forward P/E ratio of 26.8. This denotes no noticeable deviation relative to the industry average Forward P/E of 26.8.

Also, we should mention that ROST has a PEG ratio of 3.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 2.98.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 17% of over 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.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Western Union (WU - Free Report) ended the recent trading session at $9.98, demonstrating a -2.92% change from the preceding day's closing price. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.9%.

The stock of money transfer company has risen by 6.09% in the past month, leading the Business Services sector's loss of 6.87% and the S&P 500's loss of 0.16%.

The upcoming earnings release of Western Union will be of great interest to investors. The company's earnings report is expected on February 20, 2026. It is anticipated that the company will report an EPS of $0.43, marking a 7.5% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.04 billion, down 2.11% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $4.08 billion. These totals would mark changes of -0.57% and -3.12%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Western Union. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.73% higher within the past month. Western Union is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, Western Union currently has a Forward P/E ratio of 5.72. This signifies a discount in comparison to the average Forward P/E of 11.7 for its industry.

We can additionally observe that WU currently boasts a PEG ratio of 3.3. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WU's industry had an average PEG ratio of 0.97 as of yesterday's close.

The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 138, putting it in the bottom 44% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Star Bulk Carriers (SBLK - Free Report) closed at $23.29 in the latest trading session, marking a +2.51% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.47%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.9%.

Shares of the shipping company witnessed a gain of 15.68% over the previous month, beating the performance of the Transportation sector with its gain of 9.42%, and the S&P 500's loss of 0.16%.

The investment community will be closely monitoring the performance of Star Bulk Carriers in its forthcoming earnings report. The company is scheduled to release its earnings on February 25, 2026. The company's upcoming EPS is projected at $0.59, signifying a 73.53% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $300.54 million, indicating a 2.71% downward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.92 per share and a revenue of $1.04 billion, signifying shifts of -65.02% and -17.62%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Star Bulk Carriers. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Star Bulk Carriers holds a Zacks Rank of #3 (Hold).

In terms of valuation, Star Bulk Carriers is currently trading at a Forward P/E ratio of 8.26. This expresses a discount compared to the average Forward P/E of 12.02 of its industry.

The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 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.

To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.

Cincinnati Financial (CINF - Free Report) reported $2.91 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 9.6%. EPS of $3.37 for the same period compares to $3.14 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.91 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +18.04%, with the consensus EPS estimate being $2.86.

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 Cincinnati Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Commercial Lines Insurance - Combined ratio: 88.4% versus 90.8% estimated by five analysts on average.Excess and surplus lines insurance - Combined ratio: 84.7% versus 91.7% estimated by five analysts on average.Personal Lines Insurance - Combined ratio: 81.5% versus the five-analyst average estimate of 85.9%.Commercial Lines Insurance - Loss and loss expenses: 57.9% versus 60.3% estimated by five analysts on average.Revenue- Excess and surplus lines insurance- Earned premiums: $188 million versus $186.83 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.Total revenues- Excess and surplus lines insurance: $189 million versus $187.63 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.8% change.Revenues- Property Casualty Insurance- Earned premiums: $2.51 billion versus the five-analyst average estimate of $2.52 billion. The reported number represents a year-over-year change of +9.8%.Revenues- Personal Lines Insurance- Earned premiums: $859 million versus $846.08 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +18.3% change.Revenues- Life Insurance Subsidiary- Earned premiums: $84 million compared to the $82.89 million average estimate based on five analysts. The reported number represents a change of +3.7% year over year.Revenues- Commercial Lines Insurance- Earned premiums: $1.24 billion compared to the $1.23 billion average estimate based on five analysts. The reported number represents a change of +7.2% year over year.Revenues- Earned premiums- Total: $2.59 billion compared to the $2.6 billion average estimate based on five analysts. The reported number represents a change of +9.6% year over year.Revenues- Property Casualty Insurance- Fee revenues: $3 million compared to the $3.2 million average estimate based on five analysts. The reported number represents a change of 0% year over year.View all Key Company Metrics for Cincinnati Financial here>>>

Shares of Cincinnati Financial have returned +5.9% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Louisiana-Pacific (LPX - Free Report) closed at $98.57 in the latest trading session, marking a +1.65% move from the prior day. This move outpaced the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.9%.

Shares of the home construction supplier witnessed a gain of 5.34% over the previous month, trailing the performance of the Construction sector with its gain of 10.62%, and outperforming the S&P 500's loss of 0.16%.

The investment community will be paying close attention to the earnings performance of Louisiana-Pacific in its upcoming release. The company is slated to reveal its earnings on February 17, 2026. The company is forecasted to report an EPS of -$0.06, showcasing a 105.83% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $603.3 million, down 11.41% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $2.58 per share and a revenue of $2.74 billion, demonstrating changes of -56.12% and -6.69%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.7% higher. As of now, Louisiana-Pacific holds a Zacks Rank of #3 (Hold).

From a valuation perspective, Louisiana-Pacific is currently exchanging hands at a Forward P/E ratio of 30.4. For comparison, its industry has an average Forward P/E of 28.11, which means Louisiana-Pacific is trading at a premium to the group.

The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 14% of all 250+ industries.

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

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest close session, HP (HPQ - Free Report) was down 1.12% at $19.43. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.9%.

Coming into today, shares of the personal computer and printer maker had lost 8.48% in the past month. In that same time, the Computer and Technology sector lost 1.96%, while the S&P 500 lost 0.16%.

Market participants will be closely following the financial results of HP in its upcoming release. The company plans to announce its earnings on February 24, 2026. In that report, analysts expect HP to post earnings of $0.77 per share. This would mark year-over-year growth of 4.05%. In the meantime, our current consensus estimate forecasts the revenue to be $14.06 billion, indicating a 4.13% growth compared to the corresponding quarter of the prior year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.97 per share and revenue of $55.16 billion, indicating changes of -4.81% and -0.25%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for HP. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 0.79% fall in the Zacks Consensus EPS estimate. HP is currently sporting a Zacks Rank of #4 (Sell).

Investors should also note HP's current valuation metrics, including its Forward P/E ratio of 6.62. This signifies a discount in comparison to the average Forward P/E of 10.78 for its industry.

We can additionally observe that HPQ currently boasts a PEG ratio of 0.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Computer - Micro Computers industry had an average PEG ratio of 0.61.

The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 17% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

For the quarter ended December 2025, UDR (UDR - Free Report) reported revenue of $428.83 million, up 2% over the same period last year. EPS came in at $0.64, compared to -$0.02 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $429.5 million, representing a surprise of -0.16%. The company delivered an EPS surprise of +0.02%, with the consensus EPS estimate being $0.64.

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 UDR performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Weighted Average Physical Occupancy: 96.8% versus the four-analyst average estimate of 96.8%.Revenues- Joint venture management and other fees: $4.28 million compared to the $2.5 million average estimate based on five analysts. The reported number represents a change of +87.1% year over year.Revenues- Rental income: $428.83 million versus the five-analyst average estimate of $429.08 million. The reported number represents a year-over-year change of +2%.Net Earnings Per Share (Diluted): $0.67 compared to the $0.11 average estimate based on four analysts.View all Key Company Metrics for UDR here>>>

Shares of UDR have returned +2% over the past month versus the Zacks S&P 500 composite's -0.2% 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.

Trading Symbol:  TSX/NYSE AMERICAN: SVM

, /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended December 31, 2025 ("Q3 Fiscal 2026"). All amounts are expressed in US dollars, and figures may not add due to rounding.

HIGHLIGHTS FOR Q3 Fiscal 2026

Steady Silver Equivalent Production: Produced approximately 1.9 million ounces of silver, 2,096 ounces of gold, or approximately 2.0 million ounces of silver equivalent1 (silver and gold only); Record Quarterly Revenue: Sold approximately 1.9 million ounces of silver, 2,250 ounces of gold, 16.4 million pounds of lead, and 7.0 million pounds of zinc, for revenue of $126.1 million, an increase of 51% over the three months ended December 31, 2024 ("Q3 Fiscal 2025"); Realized silver selling price: $49.0 per ounce after smelter deduction, with silver representing 72% of the quarterly revenue; Cash cost per ounce of silver (net of by-product credits)1: negative $3.02, significant improvement from negative $1.88 in Q3 Fiscal 2025; All-in sustaining cost per ounce of silver ("AISC")1 (net of by-product credits): $12.86, remaining flat with $12.75 in Q3 Fiscal 2025; Adjusted net income1 attributable to equity shareholders: $47.9 million, or $0.22 per share, after excluding non-cash or one-time items, compared to $22.0 million or $0.10 per share in Q3 Fiscal 2025; Adjusted earnings before interest, income tax, depreciation and amortization ("EBITDA")1: $66.7 million, or $0.30 per share, compared to $40.1 million or $0.18 per share in Q3 Fiscal 2025; Net loss attributable to equity shareholders: $15.8 million, or $0.07 per share, mainly due to a $60.2 million non-cash charge on "mark-to-market" of the fair value of convertible notes; Record cash flow from operating activities: $132.9 million, up $88.1 million, compared to $44.8 million in Q3 Fiscal 2025, including the $43.9 million draw-down from Wheaton Precious Metals in October 2025; Record free cash flow1: $89.6 million, up $69.0 million, compared to $20.5 million in Q3 Fiscal 2025; and Cash position: Ended the period with cash and cash equivalents and short-term investments of $462.8 million, an increase of $80.6 million from the previous quarter, and a portfolio of equity investments with a total market value of $233.2 million, an increase of $53.0 million from the previous quarter. ________________________________

1

Non-GAAP measures, please refer to MD&A section 12 for reconciliation.

CONSOLIDATED FINANCIAL AND OPERATING RESULTS

Three months ended December 31,

Nine months ended December 31,

2025

2024

Changes

2025

2024

Changes

Financial Results (in thousands of $, except per share)

Revenue

$        126,112

$            83,614

51 %

$           290,776

$      223,782

30 %

Mine operating earnings

77,068

29,230

164 %

153,749

97,405

58 %

Net income (loss)*

(15,832)

26,130

(161) %

(9,222)

65,775

(114) %

Per share - basic

(0.07)

0.12

(160) %

(0.04)

0.33

(113) %

Adjusted earnings*

47,931

21,963

118 %

91,531

60,342

52 %

Per share - basic

0.22

0.10

115 %

0.42

0.30

38 %

EBITDA*

5,984

43,760

(86) %

45,321

107,236

(58) %

Per share

0.03

0.20

(86) %

0.21

0.54

(61) %

Adjusted EBITDA*

66,735

40,122

66 %

140,024

102,447

37 %

Per share

0.30

0.18

64 %

0.64

0.51

25 %

Cash flow from operating activities

132,943

44,847

196 %

220,404

107,930

104 %

Sustaining capital expenditures

13,727

14,152

(3) %

36,516

34,580

6 %

Growth capital expenditures

29,648

10,173

191 %

60,436

28,696

111 %

Free cash flow

89,568

20,522

336 %

123,452

44,654

176 %

Basic weighted average shares outstanding

218,585,686

217,475,279

1 %

218,290,025

199,608,181

9 %

Metals sold

Silver (million ounces)

1.9

2.0

(4) %

5.4

5.3

— %

Gold (ounces)

2,250

1,875

20 %

6,234

4,112

52 %

Lead (million pounds)

16.4

17.1

(4) %

46.4

46.0

1 %

Zinc (million pounds)

7.0

6.6

6 %

17.9

19.0

(6) %

Average Selling Price, Net of Value Added Tax and Smelter Charges

Silver ($/ounce)

48.97

27.20

80 %

37.66

26.70

41 %

Gold ($/ounce)

3,666

2,322

58 %

3,197

2,198

45 %

Lead ($/pound)

0.98

0.94

4 %

0.95

0.98

(3) %

Zinc  ($/pound)

1.08

1.22

(11) %

1.01

1.12

(10) %

Cost Data per ounce of silver, net of by-product credits ($)

Cash cost

(3.02)

(1.88)

(61) %

(0.68)

(1.46)

53 %

All-in sustaining cost

12.86

12.75

1 %

13.41

11.46

17 %

Financial Position (in thousands of $) as at

December 31,
2025

September 30,
2025

December 31,

 2025

March 31,

2025

Cash and cash equivalents and short-term investments

$        462,840

$          382,254

21 %

462,840

369,056

25 %

Working capital

94,573

311,882

(70) %

94,573

310,359

(70) %

*Attributable to equity holders

INDIVIDUAL MINE OPERATING PERFORMANCE

The Ying Mining District delivered a strong Q3 Fiscal 2026, with record ore mined of 365,370 tonnes, up 23% over Q3 Fiscal 2025, driven by increased use of shrinkage mining relative to cut-and-fill re-suing. Mill throughput was 328,425 tonnes, up 18% over Q3 Fiscal 2025.

Production was approximately 1.7 million ounces of silver, 2,096 ounces of gold, or 1.9 million ounces of silver equivalent, 14.7 million pounds of lead, and 1.9 million pounds of zinc, representing an increase of 2% in gold and decreases of 2%, 4%, 4%, and 16% in silver, silver equivalent, lead and zinc, respectively, over Q3 Fiscal 2025. Lower production was due to lower head grades, as a result of the XRT sorter undergoing maintenance in October 2025 and higher dilution associated with shrinkage mining.

Cash cost per tonne of ore was $75.80 in Q3 Fiscal 2026, down 11% from Q3 Fiscal 2025 and below the Fiscal 2026 guidance range of $86.8–$88.4. The improvement reflects ongoing mine mechanization and greater use of cost-efficient shrinkage mining, boosting mine and mill productivity. On a per ounce of silver, net of by-product credits basis, cash cost was negative $1.22, compared with negative $0.30 in Q3 Fiscal 2025, driven by these factors and a $3.5 million increase in by-product credits.

AISC per tonne of ore improved 11% in Q3 Fiscal 2026, to $134.06, remaining below the Fiscal 2026 guidance range of $157.8–$160.5. On a per ounce of silver, net of by-product credits basis, AISC was $11.32, supporting robust margins amid higher silver prices.

The mines in the Ying Mining District are expected to be closed for three weeks during the Chinese New Year period in February, but the process plant will continue to operate during the holiday to process the 61,105 tonnes stockpiled at the end of this quarter together with ore stockpiled in January 2026.

Ying Mining District

Three months ended

Nine months ended December 31,

December 31,
2025

September
30, 2025

June 30, 2025

March 31,
2025

December 31,
2024

2025

2024

Ore processed (tonnes)

Silver-lead ore

299,217

235,168

252,958

265,199

255,783

787,343

661,972

Gold ore

29,208

29,834

30,397

39,025

21,912

89,439

47,463

328,425

265,002

283,355

304,224

277,695

876,782

709,435

Average head grades for silver-lead ore

Silver (grams/tonne)

190

207

217

189

226

204

239

Lead (%)

2.3

2.6

2.8

2.9

2.9

2.6

3.0

Zinc (%)

0.4

0.4

0.5

0.5

0.6

0.5

0.6

Average head grades for gold-ore

Gold (grams/tonne)

1.2

1.4

1.5

1.4

2.1

1.3

1.9

Silver (grams/tonne)

57

81

51

62

67

63

80

Lead (%)

1.1

0.9

0.8

0.7

0.7

0.9

1.0

Recovery rates

Silver (%)

95.3

94.8

94.6

94.2

94.7

95.5

94.8

Gold (%)**

92.8

94.2

93.4

91.7

94.6

93.5

93.6

Lead (%)

93.6

93.5

94.1

92.3

94.0

93.8

94.1

Zinc (%)

63.0

65.8

64.3

67.3

68.9

64.2

70.6

Cash Costs

Cash cost ($/tonne)

75.80

82.89

83.08

84.90

84.92

80.18

89.21

AISC ($/tonne)

134.06

139.22

129.83

120.62

150.87

134.13

146.58

Cash cost, net of by-product credits ($/ounce of silver)

(1.22)

0.97

1.26

3.05

(0.30)

0.30

(0.14)

AISC, net of by-product credits ($/ounce of silver)

11.32

11.75

10.10

11.35

11.05

11.04

9.16

Metal Production

Silver (million ounces)

1.7

1.5

1.7

1.6

1.8

5.0

4.9

Gold (ounces)

2,096

2,085

2,050

3,110

2,056

6,231

4,385

Silver equivalent (million ounces)

1.9

1.7

1.9

1.9

2.0

5.5

5.2

Lead (million pounds)

14.7

12.9

14.6

15.6

15.2

42.2

41.3

Zinc (million pounds)

1.9

1.4

1.8

2.0

2.3

5.2

6.5

**Gold recovery only refers to the recovery rate for gold ore processed.

The GC Mine produced approximately 0.1 million ounces of silver, 1.7 million pounds of lead, and 5.1 million pounds of zinc in Q3 Fiscal 2026, representing an increase of 15% in zinc and decreases of 28% in silver and 6% in lead over Q3 Fiscal 2025, primarily due to head grades. The GC mine is expected to process approximately 50,000 tonnes of ore in Q4 Fiscal 2026.

Cash cost per tonne of $53.37 and AISC per tonne of $68.53 were below the Fiscal 2026 Guidance, and improved 1% and 9%, respectively, from Q3 Fiscal 2025, due to higher ore production and lower sustaining capital expenditures.

On a per ounce of silver, net of by-product credits basis, cash cost and AISC were negative $29.05 and negative $15.66, respectively, compared to negative $19.14 and negative $6.13 in Q3 Fiscal 2025. The improvement primarily reflects a $0.7 million increase in by-product credits.

GC Mine

Three months ended

Nine months ended December 31,

December 31,
2025

September

 30, 2025

June 30, 2025

March 31,
2025

December 31,

 2024

2025

2024

Ore Production (tonne)

87,095

76,249

74,869

41,760

84,115

238,212

257,276

Head grades

Silver (grams/tonne)

52

64

69

61

77

61

67

Lead (%)

1.0

0.9

0.8

0.9

1.1

0.9

0.9

Zinc (%)

2.9

2.8

2.3

2.9

2.7

2.7

2.5

Recovery rates

Silver (%)

85.9

85.8

85.3

83.7

82.8

85.6

83.0

Lead (%)

89.1

89.0

90.1

87.4

90.3

89.4

89.6

Zinc (%)

92.7

91.1

90.0

90.3

90.3

91.4

90.3

Cash Costs

Cash cost ($/tonne)

53.37

58.20

62.53

77.46

53.69

57.79

51.40

AISC ($/tonne)

68.53

82.63

99.93

117.83

75.55

82.91

77.85

Cash cost,  net of by-product credits ($/ounce of silver)

(29.05)

(11.44)

(0.80)

(8.53)

(19.14)

(13.21)

(15.77)

AISC, net of by-product credits ($/ounce of silver)

(15.66)

4.71

20.02

15.05

(6.13)

3.72

1.07

Metal Production

Silver (million ounces)

0.1

0.1

0.1

0.1

0.2

0.4

0.5

Lead (million pounds)

1.7

1.3

1.1

0.7

1.9

4.2

4.6

Zinc (million pounds)

5.1

4.2

3.4

2.4

4.4

12.7

12.4

CAPITAL EXPENDITURES AND DEVELOPMENT FOR GROWTH
Total capital expenditures in Q3 Fiscal 2026 were $44.3 million, up 75% compared to $25.3 million in Q3 Fiscal 2025, mainly due to on-going construction at the El Domo project and the Kuanping Mine.

For the Ying Mining District, capitalized expenditures for underground ramps, tunnels and drilling amounted to $17.7 million, plus $4.0 million for plant and equipment, compared to $20.1 million for underground tunnels and $7.0 million for plant and equipment in Q3 Fiscal 2025.

For the GC Mine, capitalized expenditures amounted to $1.8 million, flat compared to $1.8 million in Q3 Fiscal 2025.

Capital expenditures for El Domo totaled $18.0 million, compared to $1.8 million in Q3 Fiscal 2025. Mine development activities focused on infrastructure construction such as internal roads, waste dump, process plant site preparation, starter dam for tailing storage facility ("TSF"), camp, and other site preparations.

Capital expenditures for Kuanping totalled $2.4 million, compared to $0.2 million in Q3 Fiscal 2025. Mine construction focused on ramp development for access to ore bodies and mining/ exploration tunneling. It is expected to start producing initial amounts of ores in June 2026, which will be shipped to Ying's process plant for recovery of metals.

Capitalized expenditures

Plant and
equipment

Total Capital
expenditures

Expensed

Ramp, Development
Tunneling, and other

Exploration Tunneling

Exploration Drilling

Mining
Preparation
Tunnels

Drilling

(Metres)

($ Thousand)

(Metres)

($ Thousand)

(Metres)

($ Thousand)

($ Thousand)

($ Thousand)

(Metres)

(Metres)

Q3 Fiscal 2026

Ying Mining District

15,533

$       8,918

19,917

$       7,424

47,890

$       1,323

$        3,972

$       21,638

15,813

28,717

GC Mine

1,437

681

2,353

856

7,016

154

159

1,849

3,112

5,585

El Domo

—

17,961

—

—

—

—

—

17,959

—

—

Condor

—

495

—

—

—

—

—

495

—

—

Kuanping & other

3,297

1,701

693

194

—

—

484

2,381

—

—

Consolidated

20,267

29,757

22,964

8,474

54,906

1,477

4,614

44,322

18,926

34,302

Q3 Fiscal 2025

Ying Mining District

9,742

$       6,570

18,947

$       6,954

15,979

$          536

$        7,007

$       21,067

15,755

39,568

GC Mine

540

340

2,644

992

8,129

173

289

1,794

3,395

2,554

El Domo

—

1,803

—

—

—

—

—

1,803

—

—

Condor

—

273

—

—

—

—

—

273

—

—

Kuanping & other

—

120

—

—

—

—

198

318

—

—

Consolidated

10,282

9,106

21,591

7,946

24,108

709

7,494

25,255

19,150

42,122

CONFERENCE CALL DETAILS 

A conference call to discuss these results will be held on Tuesday, February 10, at 9:00 am PDT (12:00 pm EDT). To participate in the conference call, please dial the numbers below.

Canada/USA TF: 888-510-2154
China Toll: 861087833254
International/Local Toll: 437-900-0527
Conference ID: 74042

Participants should dial-in 10 – 15 minutes prior to the start time. A replay of the conference call and transcript will be available on the Company's website at www.silvercorpmetals.com.

Mr. Guoliang Ma, P.Geo., Manager of Exploration and Resources of the Company, is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and given consent to the technical information contained in this news release.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: [email protected]
Website: www.silvercorpmetals.com

ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES

This news release should be read in conjunction with the Company's Management Discussion & Analysis ("MD&A"), the unaudited consolidated condensed interim financial statements and related notes contains therein for the three and nine months ended December 31, 2025, which have been posted on SEDAR+ under the Company's profile at www.sedarplus.ca and on EDGAR at www.sec.gov, and are also available on the Company's website at www.silvercorpmetals.com under the Investor section. This news release refers to various alternative performance (non-IFRS) measures, such as adjusted earnings and adjusted earnings per share, EBITDA and EBITDA per share, adjusted EBITDA and adjusted EBITDA per share, free cash flow, cash cost and all-in sustaining cost per ounce of silver, net of by-product credits, cash cost and AISC per tonne of ore processed, silver equivalent, and working capital. The tonnage of ore production refers to wet tonne, containing approximately 2% to 3% moisture. These measures are widely used in the mining industry as a benchmark for performance, but do not have standardized meanings under IFRS as an indicator of performance and may differ from methods used by other companies with similar description. The detailed description and reconciliation of these alternative performance (non-GAAP) measures have been incorporated by reference and can be found under section 12 – Alternative Performance (Non-GAAP) Measures in the MD&A for the three and nine months ended December 31, 2025 filled on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov and which is incorporated by reference here in.

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things statements the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties; the amount of ore to be processed during the Chinese New Year holiday; estimated El Domo and Kuanping mine construction progress, and timing of development ore from the Kuanping project to be available for processing. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors, including fluctuating commodity prices; recent market events and condition; estimation of mineral resources, mineral reserves and mineralization and metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; climate change; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into existing operations; permits and licences for mining and exploration in China; title to properties; non-controlling interest shareholders; acquisition of commercially mineable mineral rights; financing; competition; operations and political conditions; regulatory environment in China; regulatory environment and political climate in Bolivia and Ecuador; integration and operations of Adventus; environmental risks; natural disasters; dependence on management and key personnel; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; conflicts of interest; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; outcome of current or future litigation or regulatory actions; bringing actions and enforcing judgments under U.S. securities laws; cyber-security risks; public health crises; the Company's investment in New Pacific Metals Corp. and Tincorp Metals Inc.; and the other risk factors described in the Company's Annual Information Form and filed with the U.S. Securities and Exchange Commission as part of the Company's Form 40-F and other filings with Canadian and U.S. regulators on www.sedarplus.ca and www.sec.gov; could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents expectations as of the date of this news release and is subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of added information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

A comprehensive discussion of other risks that impact Silvercorp can also be found in its public reports and filings under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.silvercorp.ca.

Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources

Reserve and resource estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.

SOURCE Silvercorp Metals Inc.

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MicroStrategy shares soared on Friday, rising more than 25% at times. The stock is trading around $133 after a disastrous session on Thursday that had sent it reeling.

Bitcoin is climbing back toward $71,000, changing the landscape for crypto stocks. Markets are stabilizing after several challenging weeks. MicroStrategy is following the trend, as usual. The stock was historically undervalued according to several traders contacted. “We saw this rebound coming,” says an analyst who prefers to remain anonymous. Trading volume exploded on Friday morning when the first signs of recovery appeared for Bitcoin.

Thursday was a disaster for MSTR.

The stock had plunged to $105, a level not seen in a long time. The bears were having a field day. But on Friday, the roles reversed. Shorts probably suffered in this rally, as violent as it was unexpected. MicroStrategy remains the largest corporate holder of Bitcoin in the world, so when BTC moves, MSTR follows suit.

The company reported painful results. $12.4 billion in losses for the fourth quarter of 2025, mainly unrealized losses on its Bitcoin reserves. It’s massive, even for a company used to rollercoasters. Analysts expected a hit but not to this extent. The market initially panicked before recovering.

Michael Saylor remains steadfast. The executive chairman has just announced a Bitcoin security program. The idea is to work with global crypto and cyber communities. “Quantum computing poses a long-term challenge but not for more than a decade,” he says. Saylor sees quantum fears as the latest form of FUD surrounding Bitcoin. See also: MSTR Shares Crash 20% as Bitcoin.

No panic among the executives. They insist the company can withstand extreme drops in Bitcoin prices without immediate solvency issues. CEO Phong Le even gave a precise figure: “Bitcoin would need to fall to about $8,000 and stay there for five to six years before we face serious difficulties with our convertible debt.”

The calculation is harsh but clear. “In the worst-case scenario, if we suffered a 90% drop in Bitcoin price, and the price was at $8,000, that’s the point where our Bitcoin reserve would equal our net debt,” Le explains. In this catastrophic scenario, the company would consider restructuring or raising additional capital.

Bitcoin is currently trading at $70,040. 24-hour volume: $157 billion. A 7% increase in one day. BTC remains -2% from its 7-day peak of $71,258. It hit a low of $60,256 this week, 16% lower. Circulating supply: 19,985,218 BTC out of a max of 21 million.

The announcement of the Bitcoin security program divides analysts. Saylor wants to reassure investors by collaborating with cybersecurity experts. An interesting timing as digital security concerns are rising everywhere. Institutions continue to buy despite the volatility, according to market data. Related coverage: CoinShares Says Quantum Computers Need 100,000x.

CEO Le is still exploring capital-raising opportunities to support the strategy. “We remain open to various financing means to maintain our leadership position,” he says. MicroStrategy seeks to diversify its funding sources as interest rates remain high.

Observers are closely watching Bitcoin. With a price at $70,040, BTC shows signs of stabilization after recent turbulence. MicroStrategy has made no further statements on its short-term Bitcoin purchase plans.

The institutional Bitcoin ecosystem is closely watching MicroStrategy’s moves. BlackRock, with its IBIT Bitcoin ETF, recorded inflows of $394 million on Friday according to ETF Store data. Fidelity follows with $187 million on its FBTC. These massive volumes confirm institutional appetite despite recent volatility. Marathon Digital and Riot Platforms, other giants in the sector, posted gains of +18% and +22% respectively for the session.

Wall Street is now scrutinizing Bitcoin’s critical technical levels. The $72,000 mark represents a major resistance according to JPMorgan’s chartists. Below that, the support at $68,500 remains solid according to their analyses. Goldman Sachs expects consolidation between these bounds before a potential new upward move. Coinbase, the main American exchange, reports spot volumes multiplied by 2.3 on Friday compared to the weekly average. Bitcoin futures contracts on CME Group saw their open interest jump 12% in 48 hours.

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Ripple has been slotted into the global top 10 of the most valuable private companies at an estimated $50 billion valuation, according to a widely shared “unicorn companies” table circulating on X.

The ranking matters because it reframes Ripple less as a single-token narrative and more as a scaled private-market franchise: a payments infrastructure firm that, at least in secondary valuation terms, is now being discussed in the same breath as the largest AI and fintech “super-unicorns.”

Ripple Ranks #9 Among World’s Largest Private Companies The image that has been widely reposted on X presents a “List of unicorn companies” with Ripple highlighted at a $50 billion valuation. In that snapshot, Ripple appears alongside a cohort dominated by AI, fintech, and consumer platforms, including OpenAI ($500B), ByteDance ($480B), SpaceX ($400B), Anthropic ($350B), xAI ($230B), Databricks ($100B), Revolut ($75B), Stripe ($70B), and Shein ($66B).

Ripple valuation enters top 10 | Source: X @Xaif_Crypto A $50 billion tag implies a step-up from a $40 billion post-money valuation associated with a late-2025 equity financing. Taking those two marks at face value, the move to $50 billion represents roughly a 25% increase in implied enterprise value in a short window, an unusually sharp change for a late-stage private company unless secondary markets are repricing aggressively or a new transaction has reset expectations.

Ripple’s private valuation history has also been shaped by company-led liquidity events. The firm has previously conducted share repurchases that effectively created valuation reference points for employees and early investors, including buybacks at an implied $15 billion valuation in 2022 and $11.3 billion in early 2024. Against that backdrop, the late-2025 jump to $40 billion and the current $50 billion figure depict a company whose private-market value has been re-marked upward in distinct steps rather than through the continuous feedback loop of public markets.

That context also matters for how traders and allocators interpret the headline. Private valuations are not the same thing as liquid market prices, and they can reflect transaction structure, preferred terms, or limited float dynamics as much as broad investor consensus. Still, when a company starts appearing on top-10 private-company lists dominated by AI and mega-fintech, it signals that the market increasingly views it as an infrastructure-scale business rather than a niche crypto-adjacent story.

The valuation narrative is also colliding with IPO expectations and Ripple’s consistent stance that a listing is not imminent. With no near-term plan or timeline to go public, Ripple’s price discovery remains anchored to episodic financings and tender offers, meaning the next meaningful datapoint could come from another private round, a new buyback, or secondary transactions that leak into the market.

For crypto markets, the immediate implication isn’t a direct token catalyst so much as a reframing of Ripple’s corporate footprint. If the $50 billion valuation is true, it sets a higher bar for how investors model the company’s optionality: whether that’s future capital raising, M&A capacity, or leverage in institutional partnerships. If it doesn’t, the episode will still have demonstrated how quickly private-market narratives can harden into “consensus” once a single, shareable number hits the timeline.

At press time, XRP traded at $1.40.

XRP holds above the 200-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, 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.

TLDR Table of Contents

TLDRBitcoin Sale Reduces Cango’s Reserves and Strengthens Balance SheetCango Shifts Focus to AI Compute InfrastructureBitcoin Dips 1.06% While Cango Inc. Sees After-Hours Rebound Cango sold 4,451 BTC, reducing Bitcoin reserves by 60% to repay a Bitcoin-collateralized loan. The company raised $305M, improving its financial leverage and balance sheet. Cango aims to pivot towards AI compute infrastructure, targeting small and medium enterprises. Jack Jin, former Zoom Communications leader, appointed CTO of Cango’s AI business line. Bitcoin’s price dropped 1.06%, while Cango saw a 3.26% after-hours rebound to $0.9500. Cango, a Bitcoin mining company, has sold 4,451 BTC for approximately $305 million, reducing its Bitcoin reserves by 60%. The sale aims to repay a Bitcoin-collateralized loan amid recent market volatility.

Bitcoin Sale Reduces Cango’s Reserves and Strengthens Balance Sheet The sale of 4,451 BTC represents a substantial reduction in Cango’s digital asset holdings. This move is part of a broader strategy to strengthen the company’s balance sheet and reduce financial leverage.

The $305 million raised from the sale was directly applied to partially repay a Bitcoin-backed loan, improving Cango’s financial position. The divestment comes at a time when Bitcoin prices have rebounded from a recent low.

By selling a portion of its reserves, Cango aims to maintain flexibility while funding strategic growth initiatives, including expansion into AI compute infrastructure.

Cango Shifts Focus to AI Compute Infrastructure In addition to the sale, Cango is pivoting toward AI computing by leveraging its existing infrastructure. The company plans to offer distributed compute capacity for the AI industry, targeting small and medium-sized enterprises.

Cango’s modular approach promises faster deployment timelines compared to traditional data center models. Cango also appointed Jack Jin as CTO of its AI business line.

Jin, a former leader at Zoom Communications, brings expertise in AI/ML infrastructure and large-scale GPU systems. His experience aligns with Cango’s strategy to develop a global distributed inference platform using modular, containerized GPU compute nodes.

Bitcoin Dips 1.06% While Cango Inc. Sees After-Hours Rebound At the time of press, CoinMarketCap data indicates that Bitcoin’s price is currently $69,983.52, down 1.06% in the last 24 hours. The price fluctuated between $69,730 and $71,000 during the day.

On the other side, Cango Inc. (CANG) closed at $0.9200, down 5.52% on the day. The stock fluctuated between $0.8840 and $0.9887. After hours, the price rose by 3.26%, reaching $0.9500.

The stock had a previous close of $0.9738. Trading volume reached 1,229,780 shares, with an average volume of 985,054. The 52-week range for Cango is between $0.8840 and $2.8750, with a market cap of $318.642 million.

A large Dogecoin transfer to Robinhood has drawn attention amid a volatile crypto market. On Saturday, 203.6 million DOGE—worth roughly $20.1 million—was moved from an unknown wallet to the trading platform, coinciding with a 6% rebound in Dogecoin’s price.

Summary

A large Dogecoin “whale” transfer to Robinhood—203.6 million DOGE worth about $20.1 million—coincided with a 6% price rebound. Nearly 278 million DOGE moved to Robinhood on February 4, signaling heightened activity by large holders during unstable market conditions. Whale Alert data shows this was the second major transfer in days. The move followed several days of declines and marked a short-term reversal from a broader downward trend.

According to Whale Alert, this was not an isolated event.

Just days earlier, on February 4, nearly 278 million DOGE valued at about $29.5 million was also transferred to Robinhood. These repeated large movements suggest heightened activity by major holders during a period of market instability.

The broader cryptocurrency market has struggled since a sharp sell-off in October that eroded investor confidence. More recently, prices have been pressured by the unwinding of leveraged positions and increased volatility. Dogecoin fell for three consecutive sessions, hitting a low of $0.0799 on February 6 before rebounding to around $0.10, with losses attributed to risk-off sentiment and heavy derivatives trading.

Liquidity conditions have also weakened. Dogecoin’s market depth declined from roughly $12 million at the start of January 2026 to about $10 million in early February, a drop that can amplify price swings during turbulent periods.

Traders are closely watching key technical levels. A break below $0.07 could open the door to further downside toward $0.05, while a sustained move above the $0.106–$0.110 range may be needed to confirm a recovery. Overall, Dogecoin’s recent price action and whale activity point to ongoing uncertainty, with volatility likely to persist in the near term.

A volatile first full week of February left crypto exchange-traded funds (ETFs) sharply divided, with bitcoin and ether absorbing sustained pressure while XRP quietly delivered a strong showing. Rapid daily reversals underscored a market still searching for conviction.

World Liberty Financial (WLFI) has generated at least $1.4 billion for the Trump and Witkoff families since November 2024, far surpassing the cash generated by Donald Trump’s real estate empire over an eight-year period.

Summary

World Liberty Financial has generated at least $1.4 billion for the Trump and Witkoff families since late 2024. Most WLFI token proceeds flow to Trump-controlled entities. Related crypto ventures, including American Bitcoin, experienced dramatic post-listing declines According to the Wall Street Journal, the Trump family received at least $1.2 billion in cash within roughly 16 months, along with an additional $2.25 billion in unrealized crypto gains. The Witkoff family earned at least $200 million over the same period.

WLFI disclosures show that 75% of WLFI token sales flow to a Trump-controlled entity, with 12.5% each allocated to the Witkoffs and co-founders Zak Folkman and Chase Herro. President Trump owns 70% of the Trump entity, with the remainder held by family members.

A major catalyst was a January 2025 deal in which Abu Dhabi-backed investors acquired 49% of World Liberty for $500 million, delivering $187 million upfront to Trump entities and $31 million to the Witkoffs.

Eric Trump finalized the deal just before the 2025 inauguration, according to the New York Times. It coincided with UAE efforts to secure U.S. artificial intelligence (AI) chips.

The firm also generated liquidity through a controversial mechanism involving Alt5 Sigma, a Nasdaq-listed company in which World Liberty acquired a controlling stake. Alt5 raised $750 million from investors and used most of the proceeds to purchase WLFI tokens directly from World Liberty at a premium price. More than $500 million flowed to Trump entities and $90 million to Witkoffs through this structure. Following the transaction, Alt5 shares fell sharply and WLFI tokens declined.

Separately, Eric Trump holds a significant stake in American Bitcoin, another crypto venture that saw its valuation surge and then collapse post-listing. The White House has denied conflicts of interest, stating the companies operate independently.

TL;DR

Cardano (ADA) trades at $0.272, below its key moving averages, signaling selling pressure. Indicators (RSI ~40-45, bearish MACD) show neutral-to-weak momentum without clear buyer control. Trading volume remains 15-20% below its average, suggesting a lack of conviction in price moves. Cardano (ADA) closed the most recent session at $0.272 USD. ADA reached an intraday high of $0.274 and touched a low of $0.259. The price range reflects contained movements without a clear defined trend.

The current price sits below the 50, 100, and 200-period moving averages. When an asset trades below its main moving averages, technical analysts interpret it as a sign of selling pressure. The distance between price and averages indicates that buyers have not yet generated sufficient strength to change direction.

The RSI registers values near 40-45, a range that technically signals neutral territory with bias toward oversold conditions. Readings below 30 would suggest extreme oversold conditions, while values above 70 would indicate overbought territory. The current level shows that sellers lost intensity without buyers taking control.

The MACD maintains an active bearish crossover. The signal line remains above the MACD line, a configuration that traders associate with negative momentum. The histogram shows red bars, confirming absence of bullish impulse.

Trading volumes stay 15-20% below the 30-day moving average. Price movements with low volume tend to lack conviction. Sustained recoveries generally require volume increases that confirm real participation from institutional and retail buyers.

Support and resistance levels mark operational zones Immediate support operates between $0.265 and $0.27. The price tested the $0.265 zone multiple times during recent weeks. Confirmed breaks below $0.265 would activate the next support at $0.24-$0.25. Additional declines would take the price toward $0.19-$0.20, a level that acted as a base during previous 2024 corrections.

The main resistance stands at $0.28-$0.29. The price rejected attempts to surpass $0.29 on three occasions during January. The $0.30-$0.31 barrier represents a psychological level where technical resistances and price averages converge. Breaking above $0.35-$0.40 would require considerable volume and changes in market structure.

Professional traders observe breaks above $0.30 with volume 30-40% above average as a potential signal of trend change. Without volume confirmation, movements above resistances tend to reverse quickly.

The crypto market shows 70-75% correlation with Bitcoin in recent weeks. Abrupt movements in BTC generate similar reactions in major altcoins like Cardano. Macro factors such as central bank decisions or employment data in the United States also affect crypto prices.

Lateral consolidation phases typically last 4-8 weeks in absence of catalysts. Cardano operates in sideways range since mid-January, behavior consistent with markets waiting for clear direction.

The current technical outlook shows an asset without defined trend. The price needs to break above $0.30 with volume to change the prevailing bearish structure.

Alex McCurry, CEO of Sushi, confirmed this Monday the platform’s integration into the Solana network. This strategic expansion allows the decentralized exchange to combine its powerful aggregation infrastructure with Solana’s high-speed ecosystem. To ensure competitive and efficient swap execution, Sushi has implemented Jupiter’s Ultra API, connecting its over 4 million users to one of the most active on-chain trading environments in the market.

This integration represents a significant milestone in Sushi’s multi-chain roadmap, facilitating token swaps with minimal fees and near-zero latency. The move not only expands available liquidity for users but also strengthens Sushi’s competitiveness against native DEXs by offering a unified user experience. By leveraging Jupiter’s advanced routing, Sushi provides optimized real-time pricing, consolidating its position as a versatile and robust trading tool.

The rollout of new features and incentive programs that Sushi plans to deploy progressively on this network will be the key focus in the coming days. Investors should closely monitor how this migration of institutional and retail capital impacts Solana’s Total Value Locked (TVL) during this first quarter of 2026. The ability to attract new projects and cross-chain liquidity will be the determining factor for the long-term success of this integration.

Source:https://x.com/solana/status/2020956032084668844

Disclaimer: Crypto Economy Flash News is prepared from official and verified public sources by our editorial team. Its purpose is to provide quick information on relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.

Hedera is presently emerging as the “invisible plumbing” of a machine-driven global economy.

Market Sentiment:

Bullish Bearish Neutral

Published: February 9, 2026 │ 10:55 PM GMT

Created by Kornelija Poderskytė from DailyCoin

In a recent breakdown of developments around the 2026 World Economic Forum (WEF), crypto researcher Cheeky Crypto argues that Hedera is quietly positioning itself as the “invisible plumbing” of a new machine-driven global economy — a network designed so that users “won’t even know you’re using it.”

While retail traders chase meme coins and high-volatility plays, the video frames Hedera’s HBAR as an enterprise utility token underpinning real-world financial and data infrastructure.

Cheeky Crypto centers much of the thesis on Davos 2026, where Hedera appeared as a primary sponsor of the USA House alongside companies such as Microsoft and Pfizer. A CNBC interview with Hedera leadership is described as focusing less on retail crypto and more on “the infrastructure of trust required for the next phase of human civilization.”

Sponsored

Visuals referenced in the video show Hedera’s Governing Council — 39 organizations including Google, IBM, Dell, T-Mobile and others — as a “protective ring” around the HBAR ecosystem.

The council’s rotating membership is presented as a deliberate governance choice: companies like Boeing and University College London are said to have rolled off in 2025–2026, with newcomers such as Repsol entering to keep power distributed and perspectives fresh.

On-chain activity is another pillar of the argument.

According to the analyst, HBAR has surpassed 71 billion network transactions, with a chart contrasting this surge against “traditional blockchains” to suggest superior throughput and real-world usage.

Network fees for the Hedera Consensus Service reportedly rose about 800% (from $0.0001 to $0.0008 per transaction), but remain fractions of a cent and, the analyst contends, were increased to support node-operator sustainability.

Institutional Tokenization, CBDCs & AI “Machine Commerce”The video leans heavily on institutional moves. Hedera is said to lead February 2026 “real-world asset” (RWA) development activity rankings, outpacing projects like Chainlink and Avalanche.

A UK-regulated platform, Archax, is highlighted for minting “pool tokens” on Hedera that bundle money market funds from BlackRock, State Street and Legal & General, turning HBAR into a settlement layer for highly liquid assets.

Telecom giant Tata Communications is cited as shifting billing and asset management processes onto Hedera for T+0 settlement and reduced intermediaries.

On the public-sector side, the analyst points to national carbon registries, a state-level carbon bank in India’s Maharashtra, and Hedera’s role in Bank of England/BIS innovation hub experiments on wholesale central bank money. Sweden’s Riksbank is said to have tested Hedera for an e-krona model, citing throughput and low energy use.

A large portion of the narrative focuses on HBAR as infrastructure for autonomous AI agents.

By using a directed acyclic graph (“Hashgraph”) rather than a linear blockchain, HBAR Network is depicted as a “1,000-lane superhighway” capable of parallel processing and 10,000+ transactions per second with sub‑3‑second finality.

Fixed USD-denominated fees (paid in HBAR) are framed as essential for businesses deploying “millions of autonomous agents” that need predictable micropayment costs.

Market Impact: Quiet Accumulation, Slow Price, Rising StakesDespite the network-level growth, the analyst notes that HBAR’s price action has been comparatively muted, trading in a tight $0.08–$0.14 band for much of early 2026 and becoming a target for “stablecoin” jokes.

A technical overlay shared in the video projects a gradual climb, with a 2026 “value zone” around $0.18–$0.28 and potential resistance in the $0.25–$0.35 range, contingent on pilot projects at Davos transitioning into full production.

Institutional accumulation is presented as a counterweight to weak retail sentiment. A Canary-listed HBAR ETF (ticker HBR) is said to have acquired more than 521 million HBAR — over 1% of total supply — by February 2026, moving tokens from exchanges into “long-term institutional vaults” and creating what the analyst calls a looming supply shock.

For crypto investors, the core tension raised is clear: Hedera appears to be optimizing for institutional trust, regulatory comfort and machine-scale throughput rather than decentralization maximalism or retail-driven volatility.

If the analyst’s depiction is accurate, HBAR’s upside may hinge less on speculative mania and more on whether this “sovereign-grade” infrastructure becomes the de facto settlement layer for tokenized assets, CBDCs and AI-native commerce.

Dig into DailyCoin’s popular crypto news now:
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People Also Ask:How cheap are Hedera transactions after the fee hike?

The analyst states that consensus service fees rose roughly 800% to about $0.0008 per transaction, still far below typical Ethereum or Solana transaction costs.

What real-world assets are using Hedera now?

Examples cited include Archax money-market fund tokens, Tata Communications billing and asset flows, and various carbon registries and ESG-focused projects.

Is this financial advice?

Not by any means. The analyst explicitly stresses that they are not a financial advisor and repeatedly urges viewers to do their own research and never invest more than they can afford to lose.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Bitcoin surged on Friday, breaking the $70,000 mark after hitting the critical $60,000 threshold earlier this week.

Investors have returned to the market in droves, seeking bargains following the recent dip. Trading volume has skyrocketed across all major platforms. Binance recorded $50 billion in transactions within 24 hours on February 6, a level unseen since November. Coinbase and Kraken report similar figures. Small investors are also flocking to Bitcoin, likely drawn by last week’s lower prices.

It’s not time to celebrate yet.

Bitcoin remains far from its all-time high of $69,000 reached in November. Traders still remember that wild period when the crypto was setting records daily. But skepticism prevails. Several experts believe this is merely a technical rebound, not a genuine recovery. “We’ve seen this a thousand times with Bitcoin,” says an anonymous analyst from Grayscale. “It rises quickly, and falls even faster.”

Jerome Powell inadvertently helped Bitcoin. The Fed chairman stated on February 5 that monetary policy would remain accommodative. This reassured investors about risky assets, including crypto. Low rates mechanically push investors toward Bitcoin. MicroStrategy took advantage of this by purchasing an additional 5,000 bitcoins, bringing its total to 135,000 units. The announcement boosted prices.

Elon Musk tweeted his support for cryptos on February 5. A simple message on Twitter, and small investors rushed in. The price jumped 3% within an hour after his tweet. Kraken reports a 20% increase in new users since the beginning of February. Clearly, the Musk effect is still at play. For more details, see Bitcoin Rockets Past ,000 Following Wild.

But beware of sudden drops.

On February 5, a large sale caused Bitcoin to plunge below $68,000 in minutes. Fortunately, the rebound was swift. This shows that volatility remains immense with Bitcoin. Whales can move the market with a single click. “That’s the problem with Bitcoin,” explains a trader from Chicago. “You can gain 10% in an hour, or lose 15%.”

Regulation still looms over the market. International regulators are closely monitoring cryptos. Their future decisions could change everything. Europe is preparing its MiCA regulation, while the United States is still undecided on its approach. Meanwhile, Ethereum and other altcoins are gaining ground. Ethereum is hovering around $2,500, attracting investors seeking alternatives to Bitcoin.

Blockchain.com released interesting figures on February 6. Active Bitcoin wallets have increased by 15% since January. This indicates that more people are genuinely using Bitcoin, not just speculating. Fidelity is preparing a new Bitcoin product for its institutional clients, announced on February 4. JPMorgan has revised its forecasts upward, with analysts seeing potential if institutional investors continue to arrive. This follows earlier reporting on Bitcoin Mining Difficulty Plunges 11% as.

Larry Fink of BlackRock dropped a bombshell on February 6. The head of the world’s largest asset manager stated that cryptos would have “a growing role” in global portfolios. Coming from him, this carries weight. BlackRock manages $10 trillion, and its slightest words move markets.

Cathie Wood’s Ark Invest also wants to increase its exposure to cryptos. The announcement came on February 6, another positive signal for Bitcoin. Wood is known for her risky tech bets, but she has often been right before others. Grayscale added 10,000 bitcoins to its portfolio according to a report on February 4, showing that large funds remain confident despite recent volatility.

Central banks are closely monitoring this Bitcoin rally. The European Central Bank published an internal report on February 4 highlighting the “systemic risks” of cryptocurrencies on financial stability. Christine Lagarde had already expressed her reservations in January, but the institution is now closely watching daily trading volumes. The American Federal Reserve is also compiling data on institutional adoption, fearing a domino effect if cryptos collapse suddenly.

Asia remains a crucial driver for Bitcoin. South Korean exchanges like Upbit have seen their volumes explode by 40% this week, fueled by local retail investors. Singapore attracts crypto funds with its clear regulations, while Hong Kong is still hesitating on its strategy. Japan maintains its favorable stance on cryptos, with its citizens holding more than 2 million bitcoins according to the latest estimates. China continues to ban trading but strangely tolerates mining in some remote provinces.

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This Monday, a key expansion was announced at Ripple through new institutional custody partnerships with the firms Securosys and Figment. According to the official statement, these collaborations integrate advanced Hardware Security Modules (HSM) and direct staking services, consolidating the company as a provider of critical infrastructure for the banking sector.

This alliance simplifies adoption for regulated entities by reducing operational costs and accelerating time-to-market. Thanks to Securosys technology, clients have the option to choose between cloud or on-premise deployments, while the integration with Figment allows for generating yields on networks such as Ethereum and Solana without compromising private key security.

For investors, it is important to stay vigilant about how this robust architecture attracts new global banking partners throughout 2026. The ability to harmonize operations under different regulatory frameworks will be the determining factor for Ripple to dominate the full lifecycle of digital assets in the institutional environment.

Source:https://www.businesswire.com/news/home/20260209282610/en/Ripple-Accelerates-Institutional-Custody-Adoption-with-Security-Compliance-and-Staking-Capabilities

Disclaimer: Crypto Economy Flash News is prepared from official and verified public sources by our editorial team. Its purpose is to provide quick information on relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.

Solana is showing signs of stress after months of sustained losses, growing outflows, and weakening price structure. Recent on-chain and market data suggest traders may be approaching a decisive moment. While price action remains fragile, historical patterns are drawing attention as selling pressure intensifies and long-term holders reposition.

Exchange Outflows Signal Stress, Not ConfidenceAccording to Ali Martinez, more than 1.07 million SOL left centralized exchanges over the last 72 hours. Such withdrawals often reflect fear-driven self-custody rather than fresh accumulation. Besides that, Santiment data shows Solana-focused ETFs recorded $11.9 million in net outflows. This marked the second-largest capital exit on record.

Source: X

Significantly, Solana has lost roughly 62% of its market value over four months. Consequently, market behavior now resembles late-stage drawdowns seen in previous cycles. Moreover, heavy ETF outflows often appear near exhaustion phases, when sellers dominate flows regardless of price.

At the time of writing, Solana trades near $87 with muted daily price movement. However, weekly losses remain steep. Hence, short-term stability does not yet signal recovery.

Price Structure Break Signals SOL Trend WeaknessAnalysis from CryptoJobs3 points to a confirmed loss of monthly support between $98 and $100. This region previously acted as a strong demand zone. However, repeated closes below it indicate fading bullish control.

Additionally, price rebounds have grown weaker and continue to stall near former resistance. This behavior reflects a broader downtrend rather than temporary volatility. The next major support rests near $78, which aligns with a long-term weekly demand area.

If price breaks below $78, analysts expect selling pressure to accelerate. Consequently, downside targets extend toward $70, then $60. Deeper historical demand exists near the $48 to $45 range, where buyers previously stepped in.

SOL Historical Fractals Point to a Possible InflectionAnother comparison draws attention to longer-term patterns. According to Galaxy, Solana shows a structure similar to late 2022. During that period, SOL based near $8 after an extended decline. Today, SOL trades between $85 and $90, resting on a long-term descending trendline.

Source: X

Significantly, weekly RSI now sits near 37, reflecting deep oversold conditions. A similar RSI compression preceded the 2022 reversal. Key supports remain at $80 and $65. A failure there risks a deeper sweep toward $55.

However, upside scenarios still exist. A reclaim of $120 would signal trendline recovery. That move could open paths toward $160 and eventually $220 to $260. Historically, such compression phases often precede sharp expansions.

Published: Feb 09, 2026 at 21:33

On February 9, 2026, the global crypto community is still reeling from the details of a catastrophic technical error at Bithumb, South Korea’s leading digital asset platform.

Late last week, a systemic database glitch resulted in the erroneous "transfer" of 620,000 BTC to various user accounts. To put that in perspective, at current prices, the "ghost" Bitcoin was worth approximately $43.4 billion—a figure representing nearly 3% of the total Bitcoin supply.

The anatomy of the blunder The absurdity of the situation lies in the scale of the mismatch: while the exchange’s internal ledger credited users with over 600,000 coins, Bithumb’s actual on-chain reserves at the time were reported to be just 175 BTC. This was not an on-chain hack, but a massive failure of the internal accounting mechanism.

For a few hours, thousands of retail traders woke up to find themselves "billionaires" on paper. While the exchange quickly halted withdrawals and has reportedly recovered nearly 100% of the erroneous credits, the incident has sparked an intense investigation by South Korean regulators into the exchange's "proof of reserves" protocols.

Market contagion & sentiment This glitch couldn't have come at a worse time. It occurred just as Bitcoin (BTC) slid back below the $70,000 mark, fueled by the "Warsh Shock" (concerns over hawkish U.S. Fed leadership) and institutional outflows. The Bithumb scare added a layer of "existential dread" to the market, with the Fear & Greed Index plummeting to 14 (Extreme Fear). 

As Coinidol.com reported the cryptocurrency has stalled above the $68,000 support level, but remains below the moving average lines. If bears break below the $68,000 support, Bitcoin could continue to fall towards its $53,000 bottom.  

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

PEPE faces continued selling pressure near $0.0000037 support, signaling short-term bearish momentum and a cautious market outlook.

Newton Gitonga2 min read

9 February 2026, 09:35 PM

The PEPE price chart shows that the token initially rallied to around $0.00000385 but faced strong resistance, leading to a sharp pullback. The price had been fluctuating in a consolidation range between roughly $0.00000375 and $0.00000380. It recently dropped to $0.000003708, indicating increased selling pressure. Overall, the pattern suggests short-term bearish momentum. Support near $0.0000037 acts as a critical level to watch for potential stabilization or further declines.

PEPE Price Eyes Rebound Near Key Support Amid Broader DowntrendThe chart shows that PEPE has been in a broad downtrend since late 2025, with the price gradually declining inside defined downward channels. Recently, the price has been basing near a key demand zone between $0.0000036 and $0.0000038. This zone is acting as short-term support. According to the analyst “PEPE Whale,” this support could hold, giving the market room to attempt a rebound. The chart highlights previous failed attempts to break higher, followed by consolidation. This suggests the downtrend will continue and calls for caution until a clear breakout occurs.

Upside momentum could start if PEPE holds above the support zone and breaks the key level at $0.0000050. Analysts identify potential resistance levels at $0.0000068 and $0.000010, which would act as short-term and medium-term targets if the rebound gains traction. However, if the support fails, downside risk remains open, keeping the broader downtrend intact. Essentially, the next moves hinge on whether demand near $0.0000036–$0.0000038 can sustain buying pressure, triggering a recovery.

PEPE Faces Continued Bearish Pressure Amid Short-Term ConsolidationLooking at the 1-day PEPE/USD chart, PEPE has been in a clear downtrend, with the price forming lower highs and lower lows over time. After a brief period of minor upward movement, the price continues to struggle near the $0.0000037 level. Selling pressure remains dominant. Short-term consolidation is visible, but the overall direction is still bearish.

The technical indicators reinforce this trend. The MACD line is below the signal line, and the histogram shows negative bars, signaling continued bearish momentum. The Chaikin Money Flow (CMF) is at -0.07, suggesting capital is flowing out of the market, which supports the downward price movement. These indicators highlight that sellers are currently controlling the market. 

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Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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