Market Signal Briefing

Amazon on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 9% in after-hours trading.

It is the latest sign that Big Tech will not be hitting the brakes any time soon on hefty AI investments. Amazon shares closed down 4.4% during regular trading as worries deepened about the enormous cost of the artificial-intelligence boom.

The top four hyperscalers – Amazon, Microsoft, Alphabet’s Google and Meta – are expected to collectively spend more than $630 billion this year.

CEO Andy Jassy struck a defiant tone in the company’s conference call to discuss results, swiping at competitors and boasting about Amazon Web Service’s many new offerings. Getty Images for Amazon Web Services Amazon also forecast a first-quarter profit range whose lower end would miss analysts’ expectations by a quarter, baking in roughly $1 billion in higher costs related to its high-speed internet business Leo, as well as investment in quick commerce and sharper prices in its international stores business.

The company said it expects to invest about $200 billion in capital expenditures across Amazon in 2026, compared with about $131 billion in 2025. Amazon’s forecast for first-quarter operating income of $16.5 billion to $21.5 billion disappointed, falling below analysts’ estimate of $22.04 billion.

Tech earnings over the past few days have shown Wall Street has a clear message for tech firms: Soaring AI spending can continue only if companies show commensurate operational or financial returns.

“We wanted to see more of a consecutive cadence of strong earnings growth and that’s just not happening here,” said Dave Wagner, portfolio manager at Aptus Capital Advisors, referring to Amazon’s results.

“The market just dislikes the substantial amount of money that keeps getting put into capex for these growth rates.”

An Amazon Web Services AI data center in New Carlisle, Ind. REUTERS Google’s eye-popping capex forecast of $175 billion to $185 billion for the year got a pass from investors on Wednesday as the company delivered stellar growth in its cloud revenue, as did Meta’s plan to spend between $115 billion and $135 billion.

But investors punished Microsoft’s stock last week after its cloud unit growth just squeaked past estimates.

For Amazon, the largest cloud-services provider in the world, enterprise demand for both AI infrastructure and core digital migration workloads has been strong, even as industrywide capacity constraints limit its ability to fully meet the demand.

AWS’ sales growth of 24% was the biggest in 13 quarters, but that was overshadowed by the company’s capex surge. Getty Images for Amazon Web Services The company invested heavily in the fourth quarter to ease those constraints. It launched its AI infrastructure project “Rainier,” bringing nearly half a million of its in-house Trainium2 chips online, primarily for use by Claude chatbot-maker Anthropic.

Its high projected spending in 2026 will be more than operating cash flow, said Asit Sharma, senior investment analyst at The Motley Fool. “This hardly assuages investors’ fears that Amazon and fellow Big Tech peers are dialing up the risk of an overspend on AI infrastructure. “

Although a smaller unit for Amazon, contributing just 15% to 20% of overall sales, cloud platform Amazon Web Services generates over 60% of the company’s operating profit. Its fourth-quarter sales growth of 24% was the biggest in 13 quarters, but that was overshadowed by the company’s capex surge.

Amazon expects to invest about $200 billion in capital expenditures across Amazon in 2026, compared with about $131 billion in 2025. AFP via Getty Images Amazon’s rivals Google Cloud and Microsoft’s Azure, by comparison, boosted sales by 48% and 39%, respectively, in last year’s final quarter.

CEO Andy Jassy struck a defiant tone in the company’s conference call to discuss results, swiping at competitors and boasting about AWS’s many new offerings.

“As a reminder,” he said. “It’s very different having 24% year-over-year growth on $142 billion annualized run rate, than to have a higher-percentage growth on a meaningfully smaller base, which is the case with our competitors.”

Amazon has also been investing in its e-commerce business, seeking to draw more customers by expanding to rural areas in the United States, boosting its same-day and next-day delivery capabilities and deepening its push into perishable foods.

But Amazon took $610 million in asset impairments related primarily to its physical stores unit, which includes Amazon Go and Amazon Fresh grocery stores. The company said it was retreating from physical stores by closing all of its Fresh and Go stores and converting some into Whole Foods locations.

Amazon said it was retreating from physical stores by closing all of its Fresh and Go stores and converting some into Whole Foods locations. REUTERS The company has been making major changes in its retail division, the latest bet being an expansion of its Whole Foods footprint and a 225,000-square-foot mega-store meant to compete with the likes of Walmart and Costco.

Amazon’s advertising business continues to be a highlight. Sales jumped 22% in the fourth quarter to $21.3 billion and Jassy said the company has added AI options to Prime Video so that marketers can create ads with limited human interaction.

The Seattle-based company laid off 14,000 corporate employees in the quarter and earlier this year laid off another 16,000, which it has said was necessary due to efficiencies gained from AI use and a desire to change corporate culture. Still, it finished the year with 21,000 more employees than the same period in 2024.

February 05, 2026 19:44 ET  | Source: Bunker Hill Mining Corp.

KELLOGG, Idaho and VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V:BNKR; OTCQB:BHLL) announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange (“TSXV”) policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD $6,500 per month, payable in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities, and at the time of the agreement, neither ITG nor its principals had any interest, directly or indirectly, in the Company's securities.

About Independent Trading Group

Independent Trading Group (ITG) Inc. is a Toronto-based CIRO dealer-member specializing in market making, liquidity provision, agency execution, ultra-low-latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Bunker Hill Mining Corp.

Bunker Hill Mining Corp. is a US-based mineral exploration and development company advancing the restart of the historic Bunker Hill Mine, a past-producing zinc, lead, and silver asset located in northern Idaho’s prolific Coeur d’Alene Mining District. One of the most storied base and precious metals areas in North America, the Silver Valley has a long history of production and established infrastructure. The Company is focused on unlocking the remaining value of this high-quality brownfield asset through modern exploration, disciplined project development, and responsible mining practices. With a singular strategic focus on Bunker Hill, the Company is positioned to maximize shareholder value while revitalizing a cornerstone asset in a premier American mining jurisdiction.

Additional information about Bunker Hill Mining Corp. is available at www.bunkerhillmining.com or through the Company’s filings on SEDAR+ and EDGAR.

On behalf of Bunker Hill Mining Corp.
Sam Ash
President and Chief Executive Officer

For additional information, please contact:
Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
E: [email protected]

Cautionary Statements

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “plan” or variations of such words and phrases.

Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company’s objectives, goals or future plans, including the restart and development of the Bunker Hill Mine; the achievement of future short-term, medium-term and long-term operational strategies; and ITG maintaining a reasonable market and improving the liquidity of the Company's common shares. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, those risks and uncertainties identified in public filings made by Bunker Hill with the U.S. Securities and Exchange Commission (the “SEC”) and with applicable Canadian securities regulatory authorities, and the following: the Company’s inability to raise additional capital for project activities, including through equity financings, concentrate offtake financings or otherwise; the fluctuating price of commodities; capital market conditions; restrictions on labor and its effects on international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the Company’s ability to restart and develop the Bunker Hill Mine and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; and capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such statements or information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all, including as to whether or when the Company will achieve its project finance initiatives, or as to the actual size or terms of those financing initiatives. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information on these and other risk factors that could affect the Company’s operations or financial results are included in the Company’s annual report and may be accessed through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov).

Gold.com, Inc. (Gold) Q2 2026 Earnings Call February 5, 2026 4:30 PM EST

Company Participants

Gregory Roberts - CEO & Director
Cary Dickson - Executive VP & CFO
Thor Gjerdrum - President

Conference Call Participants

Thomas Forte - Maxim Group LLC, Research Division
Michael Baker - D.A. Davidson & Co., Research Division
Craig Irwin - ROTH Capital Partners, LLC, Research Division
Seymour Jacobs - Jacobs Asset Management, LLC
Gregory Gibas - Northland Capital Markets, Research Division

Presentation

Operator

Good afternoon, and welcome to Gold.com's Conference Call for the Fiscal Second Quarter ended December 31, 2025. My name is Paul, and I will be your operator this afternoon.

Before this call, Gold.com issued its results for the fiscal second quarter 2026 in a press release, which is available in the Investor Relations section of the company's website at www.gold.com. You can find the link to the Investor Relations section at the top of the homepage.

Joining us for today's call are Gold.com's CEO, Greg Roberts; President, Thor Gjerdrum; and CFO, Cary Dickson. Following their remarks, we will open the call for your questions. Then before we conclude the call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call.

I would like to remind everyone that this call is being recorded and will be made available for replay via a link available in the Investor Relations section of Gold.com's website.

Now I would like to turn the call over to Gold.com's CEO, Mr. Greg Roberts. Sir, please proceed.

Gregory Roberts
CEO & Director

Thank you, Paul, and good afternoon to everyone. Thank you again for joining us today for our first earnings call as Gold.com. This is a truly historic moment for our company and I'm excited to officially address you under our new corporate identity following the successful completion of our rebrand to

Q4: 2026-02-05 Earnings SummaryEPS of $0.17 beats by $0.06

 |

Revenue of

$35.25M

(25.97% Y/Y)

beats by $321.50K

Byrna Technologies Inc. (BYRN) Q4 2025 Earnings Call February 5, 2026 9:00 AM EST

Company Participants

Bryan Ganz - CEO, President & Director
Laurilee Kearnes - CFO & Treasurer

Conference Call Participants

Jeremy Hamblin - Craig-Hallum Capital Group LLC, Research Division
Jeff Van Sinderen - B. Riley Securities, Inc., Research Division
Matt Koranda - ROTH Capital Partners, LLC, Research Division
Jon Hickman - Ladenburg Thalmann & Co. Inc., Research Division

Presentation

Operator

Good morning. Welcome to Byrna's Fiscal Fourth Quarter and Full Year 2025 Earnings Conference Call. My name is Kevin, and I'll be your operator for today's call.

Joining us for today's presentation are the company's CEO, Bryan Ganz; and CFO, Lauri Kearnes. Following the remarks, we'll open the call for questions.

Earlier today, Byrna released results for its fiscal fourth quarter and full year ended November 30, 2025. A copy of the press release is available on the company's website.

Before turning the call over to Bryan Ganz, Byrna Technologies' Chief Executive Officer, I'll read the safe harbor statement. Some discussions held today include forward-looking statements. Actual results could differ materially from the statements made today. Please refer to Byrna's most recent 10-K and 10-Q filings for a more complete description of risk factors that could affect these projections and assumptions. The company assumes no obligation to update forward-looking statements as a result of new information, future events or otherwise. As this call will include references to non-GAAP results, please see the press release in the Investors section of our website, ir.byrna.com for further information regarding forward-looking statements and reconciliations of non-GAAP results to GAAP results.

Now I'll turn the call over to Byrna's CEO, Bryan Ganz. Sir, please proceed.

Bryan Ganz
CEO, President & Director

Thank you, Kevin, and thank you, everyone, for joining us today. This morning, we issued a press release providing our

The gaming platform Roblox has been there as its over 100 million active users grew up.

Now, the company wants to grow up, too. On Roblox’s fourth-quarter and full-year 2025 earnings call Thursday (Feb. 5), executives stressed to investors that the youth gaming platform is now maturing into something more durable: a scaled, cash-generating infrastructure for human co-experience, with early signs of operating leverage and an increasingly explicit ambition to compete for a meaningful share of the global gaming economy.

“We estimate our 18 and over cohort is growing at over 50%, and this cohort monetizes 40% higher than younger cohorts,” Roblox CEO David Baszucki said during the call.

Roblox bookings for the quarter were $2.2 billion, representing a 63% year-over-year increase and exceeding analyst estimates.

“We have seen over the last few years the definition of what is a game expand,” Baszucki added.

In Q4 2025, Roblox generated $1.4 billion in revenue, up 43% year over year, and $2.2 billion in bookings, up 63%. Average daily active users reached 144 million, a 69% increase, while hours engaged climbed to 35 billion, up 88% year over year, according to earnings material released by the company.

Advertisement: Scroll to Continue

The majority of that growth came from international markets, where DAUs (daily active users) rose nearly 80% year over year in the fourth quarter.

The company’s stock jumped around 20% in immediate after-hours trading.

See also: Roblox Uses AI to Filter Billions of User Interactions in Real Time 

The Flywheel Is Accelerating For much of its public life, Roblox has been difficult to categorize. Investors alternately treated it as a game studio, a social network, or a speculative bet on the “metaverse,” a term the company itself now largely avoids.

As heard throughout the investor call, Roblox’s internal language increasingly centers on what it calls its “flywheel”: a reinforcing loop in which user growth drives creator earnings, which drives better content, deeper engagement, higher monetization and ultimately more capacity for reinvestment.

In line with that strategy, Roblox continues to treat creator payouts not as a cost to be minimized, but as a strategic lever. In Q4, developer exchange (DevEx) fees grew 70% year over year to $477 million, reflecting both platform growth and an 8.5% increase in the DevEx rate announced in September. For the full year, the top 1,000 creators earned an average of $1.3 million, up more than 50% from the prior year.

This matters because Roblox’s content model depends on sustained creator participation at scale. Management has been explicit that it expects DevEx rates to rise over time, viewing higher creator earnings as one of its highest-return investments.

The company added approximately 60 million daily active users in 2025.

Notably, management announced that 2026 will likely be the last year it provides full-year guidance, citing the increasing unpredictability of viral dynamics, AI-driven creation and demographic expansion.

Read more: Roblox’s 150 Million Daily Users Still Haven’t Translated Into Profitability

Infrastructure, AI and the Shape of Future Content Underlying Roblox’s strategic shifts is a technology roadmap designed to support more complex, competitive game genres traditionally dominated by consoles and PCs, and also with the older users aged 18-34 that the platform is deliberately repositioning itself to serve.

The company has deployed more than 400 AI models across creation, discovery, safety and social interaction. Internally trained foundation models draw on an unusual dataset: billions of hours of 3D human interaction, voice communication and avatar movement. This data advantage underpins tools like Roblox Assistant, Avatar Auto-Setup and Cube, which collectively compress development timelines and lower the barrier to sophisticated game creation.

By integrating these tools directly into its existing virtual economy, Roblox aims to ensure that its platform remains the primary destination for user-generated content (UGC), even as AI reduces the technical skill required for development.

At the same time, a potentially watershed moment in the platform’s legal history occurred in December, when dozens of individual lawsuits were consolidated into a federal Multidistrict Litigation (MDL) in the Northern District of California around the company’s alleged failure to protect minors from exploitation, grooming and sexually explicit content.

On Jan. 30, a hearing was held to appoint plaintiffs’ lead counsel and establish a structure for discovery. The litigation is also drawing in other technology giants, with Discord, Meta Platforms and Snap Inc. filing corporate disclosures as part of the broader inquiry into how platforms and messaging apps can be abused.

Parallel to the federal MDL, several state attorneys general have initiated independent legal actions. In response, Roblox accelerated the rollout of several safety features in late 2025 and early 2026.

On-chain data revealed that the U.S. Donald Trump family-backed World Liberty Finance (WLFI) sold 73 Wrapped Bitcoin (WBTC) on Thursday. The firm sold the assets for $5.04 million in USD Coin (USDC) at $69,000 per WBTC.

According to Arkham data, WLFI offloaded the assets in 2 batches. The first batch sold for $2.77 million, while the second sold for approximately $2.28 million. 

WLFI seeks to rebalance its digital asset portfolio through sales of WBTC Trump's World Liberty (@worldlibertyfi) just sold 73 WBTC($5.04M) at $69,000.https://t.co/0qWkRUhTQb pic.twitter.com/AQo7jMkshw

— Lookonchain (@lookonchain) February 5, 2026

WLFI had last sold about 93.77 WBTC in late January, which was worth roughly $8 million at the time. The firm revealed that the proceeds were used to purchase approximately 2,868 ETH at $2,813 per token.

The Trump-family-backed firm also converted 13.56 WBTC worth approximately $1.3 million into Ethereum in early January. The move came as WLFI had swapped 162.69 WBTC worth around $14.98 million at the time from the Aave lending protocol, which coincides with the recent WBTC sales.

On-chain data revealed that shortly after the WLFI Strategic Reserve withdrew WBTC from Aave, the address immediately sold approximately 27.1 WBTC, worth around $2.5 million, for 770.6 Wrapped Ethereum (WETH) via Cowswap. Prior to this withdrawal, the firm also added 7,900 ETH ($21 million), 162.69 WBTC ($17.91 million), and 5,000 stETH ($13.31 million) into Aave V3. 

WLFI’s recent sales are part of an active on-chain rebalancing of digital assets by its Strategic Reserve. WLFI’s sale of WBTC for Ethereum comes as ETH is trading nearly 10% in the last 24 hours, currently exchanging hands at around $1,931 at the time of publication. 

The World Liberty Finance came under scrutiny from lawmakers at a House Financial Services Committee hearing on Wednesday. During the hearing, Representative Gregory Meeks questioned U.S. Treasury Secretary Scott Bessent about WLFI’s links to the United Arab Emirates.ndin

WLFI comes under scrutiny for its previous investments Meeks’ query stemmed from a recent Wall Street Journal report that revealed an investment entity backed by Emirati Sheikh Tahnoon bin Zayed Al Nahyan had acquired a 49% stake in WLFI for $500 million. The transaction came under question because it happened just days before Trump’s inauguration in January 2025. 

Trump had previously denied any knowledge of the investment. The agreement was signed by Eric Trump, and Trump also implied that oversight of the project rests with his family.

The WSJ reported $187 million of the investment went to Trump family-backed entities. $31 million was also allocated to entities tied to the family of Steve Witkoff, WLFI’s co-founder and current U.S. Special Envoy to the Middle East.

The probe into WLFI comes as it filed an application in January with the Office of the Comptroller of the Currency to establish a bank charter. Meeks urged Bessent to pause any bank charter linked to WLFI until an investigation into the firm’s conflicts of interest is complete.

Bessent, who leads the Treasury’s Financial Stability Oversight Council, argued that the OCC is an independent entity. Meeks told Bessent to stop covering for the President.

U.S. Representative Ro Khanna also sent a formal letter demanding ownership records, payment details, and internal communications from World Liberty Finance. He framed the inquiry around potential conflicts of interest, national security risks tied to AI chip export controls. He also sought to know the role of WLFI’s USDI stablecoin in a separate $2 billion Binance investment.

Khanna questioned the details of the reported Emirati investment and whether $187 million flowed to Trump family-linked entities. He also asked whether any additional payments had been made to affiliates of WLFI’s co-founders. Lawmakers also requested the firm’s capitalization tables, profit distributions, board appointment records, and materials tied to Aryam Investment 1.

Key NotesStrategy's 713,502 bitcoin holdings generated massive paper losses under new fair value accounting rules adopted in early 2025.MSTR stock plummeted over 20% as the digital asset crashed from $73,340 to $62,345 in a single trading session.The company maintains $2.25 billion in reserves covering 2.5 years of obligations despite market turbulence and liquidations. Michael Saylor‘s Strategy Inc. posted a staggering $12.4 billion net loss for the fourth quarter of 2025, driven almost entirely by unrealized losses on its bitcoin treasury as crypto prices tumbled.

The company disclosed Wednesday that it now holds 713,502 bitcoins acquired at a total cost of $54.26 billion, representing an average purchase price of $76,052 per coin. Despite the paper losses, Strategy added 41,002 bitcoins in January 2026 alone, signaling no retreat from its core accumulation strategy.

Strategy announces Q4 2025 results:
– 713,502 $BTC held
– 22.8% BTC Yield in 2025
– Largest US equity issuer, raised $25.3 billion in 2025
– $STRC scaled to $3.4 billion; 11.25% current dividend rate https://t.co/d6oGz8jHI8

— Michael Saylor (@saylor) February 5, 2026

The quarterly bloodbath on the income statement reflects Strategy’s adoption of fair value accounting in January 2025, which forces bitcoin’s price fluctuations to flow directly through financial results each period. This marks a dramatic shift from the previous cost-less-impairment model that only recognized downward moves.

Strategy’s stock (MSTR) mirrored the pain, plunging 17.12% to close at $106.99 on Wednesday before sliding further to $103.14 in after-hours trading—a combined drop of over 20% as investors digested both the quarterly loss and continued bitcoin weakness. Analysts have started slashing price targets amid the double whammy of accounting losses and persistent market volatility.

Strategy’s stock (MSTR) plunged 17.12% to $106.99 | Source: Yahoo Finance

Saylor, the company’s Executive Chairman, maintained his long-term conviction stating: “Strategy has built a digital fortress anchored by 713,502 bitcoins and our shift to Digital Credit, which aligns with our indefinite bitcoin horizon.” The holdings carried a market value of $59.75 billion as of February 1st based on a bitcoin price of $83,740—a valuation that looked increasingly disconnected from reality as prices cratered below $63,000 just days later.

STRC Preferred Stock Scales to $3.4 Billion with 11.25% Yield Strategy expanded its flagship Digital Credit instrument throughout the quarter despite the market turbulence. The STRC (Stretch) preferred stock, which features a variable dividend rate, grew to an aggregate stated amount of $3.4 billion. The current annualized dividend sits at 11.25%, adjusted monthly through a formula designed to anchor the trading price near its $100 par value.

Since launching the instrument, Strategy has paid out $413 million in cumulative distributions to STRC shareholders, representing a blended annual yield of 9.6%. All 2025 distributions qualified as non-taxable return of capital for U.S. tax purposes, a benefit Strategy expects to continue for the foreseeable future—potentially ten years or more—given the company projects zero accumulated earnings for tax calculations.

“STRC (Stretch), our flagship Digital Credit instrument, has grown to $3.4 billion in size, supported by increasing liquidity and declining volatility. Our variable dividend rate mechanism for STRC, currently set at 11.25%, has helped maintain STRC price stability near the $100 stated amount despite a weaker bitcoin price environment,” said Phong Le, the company’s President and CEO.

Throughout 2025, Strategy completed five initial public offerings across different classes of preferred stock, pulling in $5.5 billion in gross proceeds. The company also built what it calls a “USD Reserve” totaling $2.25 billion—enough to cover 2.5 years of dividend obligations and debt interest payments. Chief Financial Officer Andrew Kang emphasized that “Strategy’s capital structure is stronger and more resilient today than ever before,” pointing to how the cash buffer reinforces creditworthiness even as mark-to-market losses pile up.

Bitcoin Plummets Below $63,000 as $2.11 Billion in Leveraged Positions Evaporate Wednesday’s trading session turned into a bloodbath for crypto markets, compounding Strategy’s problems. Bitcoin BTC $62 916 24h volatility: 14.0% Market cap: $1.25 T Vol. 24h: $138.09 B tumbled from near $73,3400 to an intraday low of $62,345—the weakest level since November 2025. The hourly chart shows relentless selling that shattered every intermediate support level, with prices shedding over $25,000 from the three-month highs. The daily decline topped 12.80%, trapping countless investors in underwater positions and triggering cascading liquidations across derivatives markets.

Bitcoin crash from $73,3400 to $62,345 | Source: TradingView

According to CoinGlass data, 433,413 traders got liquidated across all cryptocurrencies over the past 24 hours, wiping out $2.11 billion worth of positions. Bitcoin alone accounted for $1.15 billion in forced liquidations as of this writing,

Liquidation heatmap and total liquidations as of February 5, 2026 | Source: CoinGlass

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Marco is a passionate journalist with a deep addiction to cryptocurrencies and a keen interest in photography. He is fascinated by trading and market analysis. He has 5+ years of experience working with cryptocurrency projects.

Marco T. Lanz on X

On Thursday, Feb. 5, 2026, XRP suffered one of its steepest declines of the year, plunging 15% in 24 hours to a low of $1.22. This crash wiped out nearly 45% of its value since its January peak and erased gains dating back to late 2024.

TL;DR

Cardano’s ADA token drops out of the top 10 cryptocurrencies after a monthly decline exceeding 30%. Bitcoin Cash now holds the tenth position, with ADA ranking eleventh at a ~$10.1B market cap. Charles Hoskinson unveils a major update for the AI bot Logan, adding 32 new integrated tools. ADA from Cardano fell out of the top ten cryptocurrencies following a price decline exceeding 30% over the past month. Bitcoin Cash claimed the tenth position displacing Cardano, which now ranks eleventh with a market capitalization near 10.1 billion dollars.

In the last 24 hours, ADA lost an additional 5% in value, trading around 0.28 dollars. The decline coincides with movements in the altcoin market, where Hyperliquid briefly reached tenth place on February 4 before dropping to twelfth position with a valuation of 8.9 billion dollars.

Bitcoin Cash maintains a capitalization of 10.5 billion dollars, consolidating its position at tenth among the most valuable cryptocurrencies. ADA’s displacement marks a considerable change in the structure of the crypto market during recent weeks.

Logan Receives 32 New Tools for Advanced Functions Charles Hoskinson, Cardano’s founder, presented a major update for Logan, an artificial intelligence bot connected to the Cardano network. The platform is now called “Logan the Exit Liquidity Lobster” and functions as a real-time information hub.

The 32 new instruments allow Logan to access live data from multiple services within the Cardano ecosystem. The bot can now check prices, estimate swaps, track governance proposals, and monitor network activity without users needing external platforms.

New tools integrate recognized services such as TapTools for token quotes, Cexplorer for blockchain activity, Ada Handle for wallet name lookups, and CSWAP for decentralized exchange pricing. Other additions include token minting capabilities, governance tracking, and integration with a decentralized VPN network.

Each of the 32 instruments completed internal testing successfully, with a total of 127 tests performed without changes breaking existing functionality. Tools load automatically once enabled.

Hoskinson opened the doors for developers to contribute to Logan’s next phase. Builders can submit documentation and integrations so their projects get added directly into the bot’s system, allowing smaller teams to gain visibility within the Cardano ecosystem through open and community-driven collaboration.

Altcoins Cardano Pepe XRP

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Ahmed Balaha

Author

Ahmed Balaha

Part of the Team Since

Aug 2025

About Author

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

Has Also Written

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

8 minutes ago

Oh yes, February keeps going, and the market is still acting allergic to confidence.

Bitcoin is trading around $69,500 at the time of writing, sitting near recent lows and failing to spark any real follow-through. That weakness is bleeding straight into altcoins.

XRP, PEPE, and Cardano are all sitting at uncomfortable levels, with charts stretched and sentiment still defensive. February has a history of turning things around after ugly Januaries, but right now the market is not front-running that idea. Still, when price gets this compressed, even small shifts can start to matter.

XRP Price Prediction: Too Oversold, Or Right Where It Belongs?XRP just had another rough day, and the chart is screaming stress.

Price has broken down hard from the descending channel and is now trading around the $1.35 area. That move confirms sellers are still aggressive, not hesitating.

This drop also pushed XRP well below the $1.90 level, which was the last area keeping any bullish hope alive. Once that failed, downside momentum picked up fast.

That said, this is where things start to get interesting, not comfortable.

Source: XRPUSD / TradingViewXRP is approaching the $1.20 to $1.30 zone, which lines up with prior demand and a psychological round-number area. Moves into zones like this often trigger short-term reactions.

RSI is deeply oversold now. That does not mean a bottom is in, but it does increase bounce odds.

For any bullish shift, XRP needs to reclaim $1.90 on a daily close. That would signal the breakdown was exhaustion, not continuation.

If Bitcoin stabilizes and selling slows, a sharp relief bounce is very possible from here. Just keep expectations realistic; this would be a reaction move first, not a trend reversal.

Cardano Price Prediction: ADA Doesn’t Look PromisingYeah, Cardano looks beaten up, but this is where sometimes bullish setups start forming.

ADA has pushed below the 2024 lows and slipped under the descending channel. Breaks like this often come near the end of a move, not the start.

Price is hovering around the $0.27 area, sitting just above the $0.20 psychological level. That zone stands out as the next area where buyers usually start stepping in.

Source: ADAUSD / TradingViewMomentum is stretched. RSI is already deep in weak territory, showing selling pressure is heavy but no longer accelerating. That is often how bottoms start to build.

The bullish case depends on stabilization. If ADA can hold above $0.25 and stop making lower lows, a base can form quickly.

A daily close back above $0.35 would invalidate the bearish structure and flip the trend narrative. That move would open room toward the $0.42 to $0.45 zone.

Pepe Price Prediction: The Best Looking One Out Of All MemesPEPE looks ugly on the surface.

Price is still trending lower inside a descending channel, with sellers defending every bounce cleanly. Structure remains bearish, no argument there.

That said, PEPE is now sitting right blow the $0.0000040 to $0.0000043 horizontal support zone. This area has already triggered reactions before, which makes it important again.

Source: PEPEUSD / TradingViewSelling momentum is slowing, not accelerating. The latest move looks more like compression than panic, which often comes before volatility expansion.

The bullish idea only activates if PEPE can reclaim $0.0000060 to $0.0000065. That zone lines up with channel resistance and prior supply.

A daily close above that range would flip momentum fast and open the door toward the $0.000014 area. That move would be aggressive, but not unrealistic for PEPE.

If support fails, downside toward $0.0000030 is possible first. That would likely be the final wash before any real reversal attempt.

Bitcoin Hyper Price Prediction: Solana Speed Layer 2 Built On BitcoinBitcoin still dominates crypto, but moments like this expose its biggest weakness. It is secure and trusted, yet slow, expensive, and limited when activity actually matters.

Bitcoin Hyper is built to change that. It is a Bitcoin-focused Layer 2 designed to make Bitcoin faster, cheaper to use, and easier to build on, without touching its core security. The goal is not to replace Bitcoin, but to upgrade it.

Instead of pushing users to other chains for speed or apps, Bitcoin Hyper keeps everything anchored to BTC. Payments, smart contracts, and on-chain applications are all part of the vision, built around Bitcoin itself.

Momentum is already building. The presale has raised over $31,000,000 so far, with $HYPER priced at $0.013635 ahead of the next increase. Staking rewards of up to 37% are also being offered.

Visit the Official Bitcoin Hyper Website Here

TL;DR

KISS’s Gene Simmons advises holding Bitcoin long-term, having invested since prices of $10,000. Samson Mow calls Bitcoin’s recent drop “unfair” but remains optimistic about its future. He trusts recovery due to Bitcoin’s fixed scarcity limit of 21 million coins. Gene Simmons, legendary vocalist of the band KISS, posted on social media a message directed at his followers about Bitcoin, a topic he rarely addresses publicly. The musician recommends that the community hold BTC long term, expressing his confidence in the future of the largest cryptocurrency in the market.

Simmons shared his personal philosophy regarding Bitcoin, emphasizing the importance of personal research amid current volatility. The 75-year-old vocalist has a background as a Bitcoin investor since prices of 10,000 dollars, plus participation in altcoins like Ethereum and Dogecoin. His current stance reflects a long-term holding philosophy that contrasts with more skeptical statements he made about cryptocurrencies in the past.

My personal philosophy re Bitcoin is to hold (HODL). I firmly believe in the future. You need to do your own research and make your own decisions.

— Gene Simmons (@genesimmons) February 5, 2026

Bitcoiners like Natalie Brunell supported the message, while other users mocked his age and criticized him calling him a promoter of “shitcoins”. The debate reveals the polarization existing within the crypto community regarding public figures who endorse digital assets.

Bitcoin Falls Without Justification, According to Cryptocurrency Analyst Samson Mow, Bitcoin evangelist and CEO of JAN3, commented on Bitcoin’s recent price decline, which lost nearly 20% in the past week. Mow stated that it is not the magnitude of the fall that makes it “horrible”, but rather that it is “unfair”, according to his Twitter post.

The executive expressed his disappointment saying that other assets constantly rise, but Bitcoin remains without significant gains. BTC falls for various reasons that emerge in the market, including fears about artificial intelligence bubbles and the decline of gold and silver. Despite this, Mow maintains optimism about Bitcoin’s future.

His main reason for believing in a recovery lies in Bitcoin’s scarcity. Mow reminded investors that Bitcoin’s circulating supply has a fixed limit of 21 million coins. When that supply runs out, he argues, the price will inevitably begin to increase. “We can’t be pushed down forever“, Mow wrote in his post, reaffirming his confidence that Bitcoin will overcome periods of weakness thanks to its economic fundamentals.

Crypto analyst Coinvo has revealed that the Bitcoin price has just hit a 15-year trendline following its latest crash to around $70,000. He declared this a buying opportunity, noting that the trendline has historically held on four prior occasions in past cycles. 

Bitcoin Price Hits 15-Year Trendline Against Gold In an X post, Coinvo stated that the Bitcoin price has hit the same RSI trendline on its gold chart as in 2011, 2015, 2019, and 2022. He further noted that this development has historically created a buying opportunity, as BTC has consistently outperformed gold when this happens. He urged market participants not to miss this as it is the “biggest opportunity” they have ever had. 

His statement comes as the Bitcoin price crashed to a new yearly low at around $70,000, with the leading crypto asset now down over 19% year-to-date (YTD). Based on Coinvo’s analysis, this may mark the bottom for BTC despite concerns that the crypto market may be entering a deep bear market.

In another X post, the analyst stated that the Bitcoin price is set to repeat the entire 2023 rally. He noted that the same pattern as in 2023 is playing out now, with BTC hitting the 200-day EMA, which marked a bear-market bottom back then by flipping into support. Coinvo added that most people are too focused on the bearish noise, but urged market participants not to let it obscure the truth, as Bitcoin is going higher. 

However, crypto analyst Benjamin Cowen has suggested that the Bitcoin price could still drop lower, having crashed below its April 2025 low. He noted that in the previous cycles, when BTC fell below the 100-week SMA, it crashed straight to the 200-week SMA before any relief bounce occurred. 

BTC Could Still Crash To As Low As $63,000 Veteran trader Peter Brandt shared an accompanying chart showing that the Bitcoin price could still drop to as low as $63,000. This came as he noted that the nature of BTC’s decline, with eight consecutive days of lower lows and highs, indicates campaign selling rather than retail liquidation. 

Source: Chart from Peter Brandt on X He noted that he has observed this pattern several times and that it is difficult to determine when it ends. Crypto analyst PlanB highlighted potential bear-market scenarios for BTC. He stated that an 80% drawdown from the current all-time high (ATH) could put the Bitcoin price at $25,000. Furthermore, a drop to the 200-week MA and current realized price could mean a crash to between $50,000 and $60,000. Meanwhile, a crash to the previous cycle’s ATH could mean that $70,000 is the bottom. 

Related Reading: Here’s What To Expect If The Bitcoin Price Maintains Support Above $74,400

At the time of writing, the Bitcoin price is trading at around $70,700, down over 7% in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $71,144 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com

Pi Network Price Prediction Technical Analysis

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Harvey Hunter

Content Writer

Harvey Hunter

Part of the Team Since

Apr 2024

About Author

Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Has Also Written

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

6 minutes ago

Pi Network (PI) is holding onto a crucial long-term support at $0.15, a level that could decide whether the altcoin stabilizes or slips into deeper losses.

This zone has emerged as the final line of defense for bullish Pi Coin price predictions. If it fails to hold, the path below looks precarious.

That’s because there’s very little historical trading activity beneath this level, meaning the market lacks the structural support typically needed to absorb heavy selling pressure.

Should bulls step in now, however, this area could become the base for a strong recovery.

PI USDT 1-day chart, last line of defence. Source: TradingView.How Pi Network behaves here could mark the difference between a continued bleed and a meaningful bullish pivot.

Pi Coin Price Prediction: High Stakes Retest Pi Coin may be approaching the demand zone needed to balance expanding supply, as technicals begin to outline a credible bull case.

The November breakout from a falling wedge pattern remains technically valid, with recent downside potentially acting as a full retest rather than a structural failure.

PI USDT 1-day chart, falling wedge pattern breakout in play. Source: TradingView.Momentum indicators increasingly suggest that sellers may be exhausted.

The RSI’s breach of the 30 oversold threshold points to capitulation conditions, increasing the probability that this zone still carries the same weight as a launchpad level.

The MACD reads similarly. It narrows in on a golden cross above the signal line, a move that often marks a bullish trend shift.

If this launchpad scenario holds, the $0.20 resistance level becomes the first major proving ground.

Flipping it into support would signal that demand is finally strong enough for a sustained push.

From there, a potential 135% push could see Pi reclaim pre-late-2025 bear market levels at $0.20 and continue to higher resistance around $0.65 for a 330% gain.

New Presale Lets Users Generate Money with AIWhile projects like Pi Network continue to search for clear fundamentals, early presale opportunities like SUBBD ($SUBBD) are launching with a far more defined use case from day one.

Built as an AI-powered content platform, SUBBD is targeting the $85 billion subscriber economy by giving creators true ownership of their audiences and fans genuine access to the content they value.

Never miss a sale again.

As a top creator, your audience is global. It's just not possible to cater to everyone – you can't be online 24/7 🫠

That's where your personal AI Assistant comes in, to handle requests and secure payments. Sleep peacefully knowing you're making money… pic.twitter.com/ju9VjLBmea

— SUBBD (@SUBBDofficial) March 26, 2025 By removing middlemen, $SUBDD puts control back where it belongs.

Creators monetize directly without platform interference, while fans unlock exclusive engagement through token-gated perks.

The concept is already gaining traction. $SUBBD nears $1.5 million in presale, as investors back the shift toward a decentralized creator economy.

With SUBBD, both sides of the ecosystem benefit — creators earn more, fans connect more closely while embracing the decentralization use cases crypto was built for.

Visit the Official SUBBD Website Here

Bitcoin prices have suffered lately, falling to almost $62,000.

getty

Bitcoin prices have suffered quite a bit lately, and following these latest declines, the digital currency is down more than 50% from the record high it reached last year.

Because of these declines, the world’s most prominent cryptocurrency has officially entered a bear market, according to the YouTuber who goes by Wendy O.

The world’s most prominent cryptocurrency dropped to roughly $62.180.00 close to 4 p.m. EST, according to Coinbase data from TradingView. At this point, the digital asset had plummeted approximately 50.7% from the all-time high of roughly $126,300 it attained in October.

The price of bitcoin dropped to this level the same day that stocks suffered declines, with the S&P 500 index and the Dow Jones Industrial Average both closing down at least 1.2%, according to Google Finance figures.

‘Classic Risk-Off Flush’When explaining bitcoin’s latest price movements, analyst Brett Sifling stated that the digital currency’s decline to almost $62,000 “looks like a classic risk-off flush more than a ‘Bitcoin-specific’ story as we near the end of its four-year cycle."

“The market is repricing tighter financial conditions,” Sifling, wealth manager for Gerber Kawasaki Wealth & Investment Management, said via email.

MORE FOR YOU

“The Fed narrative has turned slightly more hawkish, software stocks are being haunted by AI and dragging the Nasdaq down, which provides an environment where highly liquid risk assets like crypto usually get hit first,” he added.

Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, also weighed in, specifying through emailed comments that “Bitcoin’s latest declines reflect a broad de-risking across crypto rather than a routine pullback.”

“Persistent high interest rates and a stronger dollar have tightened financial conditions, while the loss of major technical support levels triggered forced selling from leveraged and systematic players. Weaker spot ETF flows and thinner liquidity amplified the move, turning what started as macro pressure into a deeper, self-reinforcing selloff.”

Capital RotationGold and silver have been stealing headlines lately, reaching fresh, all-time highs. Since this is happening at the same time that bitcoin has been recording losses, it is entirely possible that many investors are rotating out of the world’s most prominent digital currency and into the aforementioned precious metals.

Brian Huang, cofounder of fintech firm Glider, spoke to these developments, stating via email that “Crypto prices have always been driven by traders looking for the next shiny object. Over the past couple months, that’s been Gold and Silver and not BTC.”

As a result, “Money has flowed out of BTC and into precious metals,” he stated.

‘Extremely Low’ SentimentThe sentiment of market participants has soured quite a bit lately, according to Ryan Li, CEO of Surf, which has in turned impacted their behavior.

“Sentiment is extremely low right now, firmly in ‘extreme fear’ territory and on par with the November lows,” he said via email.

Interestingly enough, this mirrors the current reading of the Crypto Fear & Greed Index, which indicates that the market is experiencing extreme fear.

“As a result, retail investors are leaning into defensive positioning, prioritizing capital preservation over speculation,” stated Li.

A Sign Of Better Things In spite of all this, existing fundamentals are “stronger than ever,” said Huang.

“The pullback is not correlated with onchain mechanics for once,” he noted. “We actually see more active wallets in Ethereum than ever before.”

The analyst continued, emphasizing that “We see institutions hiring for blockchain roles (that previously dismissed crypto). Regardless of short term price action, these trends will push crypto up in the long run.”

Bitcoin posted one of its single-largest intraday drops on Thursday, falling from roughly $73,100 at open to a low near $62,400.

This week, the crypto asset exchange Bullish reported a steep fourth-quarter net loss even as adjusted revenue, EBITDA, and activity in its bitcoin options market climbed sharply, pointing to a widening gap between headline results and underlying operating momentum.

TL;DR:

Bitcoin is trading at a 41% discount relative to its long-term historical trend. The market is experiencing a high-volatility phase driven by forced liquidations in derivatives. A “short squeeze” has a 70% probability of occurring if the price recovers key levels. Following Bitcoin’s recent correction, the price fell below $71,000, erasing all gains accumulated since 2024. Despite this setback, the Bitcoin power-law model suggests that the cryptocurrency is in a zone of extreme undervaluation relative to its historical valuation.

https://twitter.com/david_eng_mba/status/2019252142968861156

In this regard, analyst David indicated that the asset’s fair value should currently stand at $122,762. This implies a gap of at least $51,000 compared to the current price, representing an unusual 41% discount that the market rarely sustains for prolonged periods.

Derivatives Dynamics and Market Pressure This price divergence does not necessarily respond to a lack of organic interest, but rather to technical factors in the derivatives markets. The analysis highlights that the decline is being driven by forced flows and liquidations, rather than massive distribution by long-term investors.

On the other hand, positioning data reveals a tense situation: the price fell 20% over the last month, but open interest grew by nearly 7%. This increase in leverage within a context of weakness suggests that high-risk bets are rising, which typically precedes sharp market moves.

Consequently, the $73,000 level is identified as a critical gamma zone. If Bitcoin manages to break above this barrier, volatility could stabilize; otherwise, fluctuations will remain aggressive due to the high exposure of retail and institutional traders.

In summary, the market is cautiously watching the unrealized losses of large entities such as MicroStrategy, whose positions entered negative territory following recent purchases. However, if the price begins a rally, there is a 70% probability of a forced short-position closure, accelerating the recovery.

OAK RIDGE, N.C., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the fourth quarter and full year of 2025, and a quarterly cash dividend of $0.14 per share.

Full Year 2025 Highlights

Earnings per share of $2.92 for 2025, compared to $2.06 for 2024.Return on equity of 12.21% for 2025, compared to 9.27% for 2024.Dividends declared per common share of $0.54 for 2025, compared to $0.46 for 2024.Tangible book value per common share of $26.01 as of year-end 2025, compared to $23.02 as of year-end 2024.Net interest margin of 4.11% for 2025, compared to 3.83% for 2024.Efficiency ratio of 64.7% for 2025, compared to 67.7% for 2024.Loans receivable of $517.4 million as of December 31, 2025, up 0.6% from $514.3 million as of December 31, 2024.Nonperforming assets to total assets of 1.07% as of December 31, 2025, compared to 0.53% as of December 31, 2024.Nonperforming assets were $7.1 million at December 31, 2025, of which $6.9 million consisted of the guaranteed and unguaranteed portions of SBA loans; these balances are carried at net realizable value, reflecting prior write-downs to fair value less estimated costs to sell recognized through the provision for credit losses, and inclusive of expected recoveries from the SBA guarantee.Securities available-for-sale and held-to maturity of $96.4 million as of December 31, 2025, down 7.6% from $104.4 million as of year-end 2024.Total deposits of $538.6 million as of December 31, 2025, up 0.7% from $531.3 million as of year-end 2024.Total short-and long-term borrowings, junior subordinated notes, and subordinated debentures of $45.2 million as of December 31, 2025, down 22.3% from $58.2 million as of year-end 2024.Total stockholders’ equity of $71.3 million as of December 31, 2025, up 13.2% from $63.0 million as of year-end 2024. At December 31, 2025, the Bank’s Community Bank Leverage Ratio (CBLR) was 11.86%, up from 11.04% as of December 31, 2024.
Tom Wayne, Chief Executive Officer, announced, "2025 was a record-breaking year for Oak Ridge Financial Services, as we achieved a milestone $8.0 million in net income and grew earnings per share by 42% to $2.92. These exceptional results reflect the strength of our community banking model and our disciplined focus on margin, evidenced by our 4.11% net interest margin in 2025. Furthermore, we maintained a stable and resilient balance sheet, finishing the year with modest organic growth in both loans and deposits. Our commitment to creating stockholder value remains paramount; in 2025, we increased our quarterly dividend and grew tangible book value per share by 13% to $26.01. While we saw an increase in nonaccrual assets, the vast majority of this balance is comprised of SBA-guaranteed loans. We are working diligently through the liquidation and guarantee process, and our current carrying values already reflect adjustments to their net realizable value. We owe these accomplishments to our dedicated employees and the invaluable support of our Board of Directors. I am thankful for their continued commitment to serving our clients and ensuring the Bank's enduring strength and success."

A quarterly cash dividend of $0.14 per share of common stock will be paid on March 3, 2026, to stockholders of record as of the close of business on February 18, 2026. “We are pleased to pay another quarterly cash dividend to our stockholders,” said Mr. Wayne. “Paying stockholders a portion of our earnings reflects our continuing commitment to enhance stockholder value.”

For 2025 and 2024, net interest income was $26.5 million and $23.7 million, respectively, and the net interest margin was 4.10% in 2025 compared to 3.83% in 2024, an increase of 27 basis points. For the three months ending December 31, 2025 and 2024, net interest income was $6.7 million and $6.3 million, respectively. For the three months ending December 31, 2025, the net interest margin increased 18 basis points to 4.10%, compared to 3.92% in the prior year period.

For 2025, the Company recorded a provision for credit losses of $1.3 million, compared to a provision for credit losses of $1.4 million in 2024. For the three months ending December 31, 2025, the Company recorded a negative provision for credit losses of $298,000, compared to a provision for credit losses of $514,000 in the same period in 2024. The allowance for credit losses as a percentage of total loans was 1.17% and 1.05% on December 31, 2025 and 2024, respectively. Nonperforming assets represented 1.07% of total assets on December 31, 2025, compared to 0.53% on December 31, 2024. The recorded balances of nonperforming loans were $7.1 million on December 31, 2025, of which $6.9 million consisted of the guaranteed and unguaranteed portions of SBA loans; these balances are carried at net realizable value, reflecting prior write-downs to fair value less estimated costs to sell recognized through the provision for credit losses, and inclusive of expected recoveries from the SBA guarantee. The recorded balances of nonperforming assets were $3.5 million on December 31, 2024.

Noninterest income totaled $4.1 million and $3.2 million for 2025 and 2024, respectively. There were increases and decreases in components of noninterest income from 2024 to 2025, with the following categories significantly contributing to the overall net increase: Service charges on deposit accounts were $939,000 for 2025 compared to $836,000 in 2024; the increase is due to a new deposit account fee established in July 2024, which and was in effect all of 2025. Gain on sale of Small Business Administration loans were $709,000 in 2025 with no loan sales in 2024. Income from Small Business Investment Company investments were $27,000 for 2025 compared to $211,000 in 2024; the Company received reduced income distributions from Small Business Investment Company investments in 2025 compared to 2024. Other service charges and fees were $469,000 for 2025 compared to $380,000 in 2024; the increase is due to a combination of new and recurring loan and deposit fees.

Noninterest income totaled $828,000 and $784,000 for the three months ended December 31, 2025 and 2024, respectively due to small individual increases and decreases in the different noninterest income categories.

Noninterest expense totaled $19.0 million and $18.3 million for 2025 and 2024, respectively. There were increases and decreases in components of noninterest expense from 2024 to 2025, with the following categories significantly contributing to the overall net increase of $727,000: Salaries were $9.5 million in 2025, compared to $9.0 million in 2024; the increase is mostly due to higher salaries and incentive payments to employees for 2025. Equipment expense was $954,000 in 2025 compared to $595,000 in 2024; the increase is mostly due to higher equipment depreciation and maintenance expenses in 2025 compared to 2024. Professional and advertising expenses were $906,000 for 2025 compared to $1.2 million for 2024; the decrease is mostly due to decreases in information technology contracted services and consultant fees in 2025 compared to 2024. Other expense was $2.1 million in 2025 compared to $1.7 million in 2024; the increase is due to higher licensing fees in 2025 compared to 2024.

Noninterest expense totaled $4.8 million and $4.7 million for the three months ended December 31, 2025 and 2024, respectively, due to small individual increases and decreases in the different noninterest expense categories.

About Oak Ridge Financial Services, Inc. and Bank of Oak Ridge
We pride ourselves on knowing your name when you walk through our door. Whether in-person or through our digital offerings, managing your financial well-being is easy, safe, and convenient. We are the longest-running employee-owned community bank in the Triad and have served community members, local businesses, and non-profit organizations since 2000. Learn more about what makes Bank of Oak Ridge the Triad’s community bank by visiting one of our convenient locations in Greensboro, High Point, Summerfield, and Oak Ridge.

Oak Ridge Financial Services, Inc. (OTC Pink: BKOR) is the holding company for Bank of Oak Ridge. Bank of Oak Ridge is a member of the FDIC and an Equal Housing Lender.

Awards & Recognitions | Best Bank in the Triad | Triad’s Top Workplace Finalist | 2016 Better Business Bureau Torch Award for Business Ethics | Triad’s Healthiest Employer Winner

Banking for Business & Personal | Mobile & Online Banking | Worldwide ATM | Debit, Credit + Rewards | Checking, Savings & Money Market | Loans + SBA | Mortgage | Insurance | Wealth Management

Let’s Talk | 336.644.9944 | www.BankofOakRidge.com | Extended Interactive Teller Machine Hours at all Triad Locations

Forward-looking Information This earnings release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of the Company and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of the words “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, (1) competition in the Company’s markets, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectability of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, and (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations. The Company undertakes no obligation to update any forward-looking statements.

        OAK RIDGE FINANCIAL SERVICES, INC.       CONSOLIDATED BALANCE SHEETS       (Dollars in thousands, except share data)        December 31,
 December 31,
  2025   2024 ASSETS(unaudited) (audited)Cash and due from banks$8,840  $8,075 Interest-bearing deposits with banks 14,556   13,102 Total cash and cash equivalents 23,397   21,177 Securities available-for-sale 81,412   85,714 Securities held-to-maturity, net of allowance for credit losses 15,030   18,662 Restricted stock, at cost 3,059   3,439 Loans receivable 517,374   514,291 Allowance for credit losses (6,030)  (5,388)Net loans receivable 511,344   508,903 Property and equipment, net 8,900   8,664 Accrued interest receivable 3,217   3,135 Bank owned life insurance 6,356   6,268 Right-of-use assets – operating leases 2,328   2,166 Other assets 5,199   5,553 Total assets$660,242  $663,681 LIABILITIES       Noninterest-bearing deposits$128,408  $119,851 Interest-bearing deposits 406,521   411,464 Total deposits 534,929   531,315 Federal Funds purchased -   1,725 Short-term borrowings 24,000   40,000 Long-term borrowings 7,000   - Junior subordinated notes – trust preferred securities 8,248   8,248 Subordinated debentures, net of discount 6,000   9,983 Lease liabilities – operating leases 2,328   2,166 Accrued interest payable 521   709 Other liabilities 5,924   6,545 Total liabilities 588,950   600,691 STOCKHOLDERS' EQUIT       Common stock 27,274   26,733 Retained earnings 43,851   37,771 Net unrealized loss on debt securities, net of tax 304   (1,771)Net unrealized loss on hedging derivative instruments, net of tax (137)  257 Total accumulated other comprehensive loss 167   (1,514)Total stockholders’ equity 71,292   62,990 Total liabilities and stockholders’ equity$660,242  $663,681 Common shares outstanding 2,741,350   2,736,770 Common shares authorized 50,000,000   50,000,000          OAK RIDGE FINANCIAL SERVICES, INC.          CONSOLIDATED STATEMENTS OF INCOME         (Dollars in thousands, except share data)           Three Months Ended
 For the year ended
 December 31,
 December 31,
 December 31,
 December 31,
 2025
 2024
 2025
 2024
Interest and dividend income:               Loans and fees on loans$8,462  $8,212  $34,205  $31,076 Interest on deposits in banks 184   217   712   887 Restricted stock dividends 53   64   221   241 Interest on investment securities 1,233   1,279   5,047   5,578 Total interest and dividend income 9,932   9,772   40,185   37,782 Interest expense               Deposits 2,630   2,700   10,694   10,268 Short-term and long-term debt 648   786   2,944   3,778 Total interest expense 3,278   3,486   13,638   14,046 Net interest income 6,654   6,286   26,547   23,736 Provision for credit losses (298)  514   1,286   1,359 Net interest income after provision for credit losses 6,952   5,772   25,261   22,377 Noninterest income:               Service charges on deposit accounts 233   234   939   836 Gain (loss) on sale of securities -   19   42   19 Gain on sale of foreclosed property 21   -   17   - Insurance commissions 146   125   654   553 Gain on sale of Small Business Administration loans -   -   709   - Debit and credit card interchange income 289   285   1,151   1,174 Income from Small Business Investment Company -   -   27   211 Income earned on bank owned life insurance 22   23   89   90 Other service charges and fees 117   98   469   380 Total noninterest income 828   784   4,097   3,263 Noninterest expenses:               Salaries 2,309   2,198   9,471   8,962 Employee Benefits 353   370   1,420   1,294 Occupancy 324   321   1,153   1,325 Equipment 241   134   954   595 Data and Item Processing 593   602   2,139   2,255 Professional & Advertising 267   298   906   1,249 Stationary and Supplies 28   21   118   131 Telecommunications 81   65   343   278 FDIC Assessment 30   118   352   460 Other expense 545   443   2,132   1,712 Total noninterest expenses 4,771   4,570   18,988   18,261 Income before income taxes 3,009   1,986   10,370   7,379 Income tax expense 685   461   2,356   1,706 Net income and income available to common shareholders$2,324  $1,525  $8,014  $5,673 Basic income per common share$0.85  $0.56  $2.92  $2.06 Diluted income per common share$0.85  $0.56  $2.92  $2.06 Basic weighted average shares outstanding 2,742,752   2,744,609   2,741,686   2,752,991 Diluted weighted average shares outstanding 2,742,752   2,744,609   2,741,686   2,752,991                  OAK RIDGE FINANCIAL SERVICES, INC.     Selected Financial Data      As Of Or For The Three Months Ended, December 31,September 30,June 30,March 31,December 31,  2025  2025  2025  2025  2024 Return on average common stockholders' equity1 13.39% 11.25% 14.13% 10.04% 9.63%Tangible book value per share$26.01 $24.98 $24.04 $23.41 $23.02 Return on average assets1 1.38% 1.10% 1.32% 0.95% 0.91%Net interest margin1 4.10% 4.18% 4.16% 3.97% 3.92%Efficiency ratio 63.8% 59.0% 59.1% 66.8% 64.6%Nonperforming assets to total assets 1.07% 0.84% 0.73% 0.67% 0.53%Allowance for credit losses to total loans 1.17% 1.19% 1.10% 1.05% 1.05%1Annualized            Contact: Skylar Mearing, Marketing Director
Phone: 336.662.4840

Feb 5 (Reuters) - Atlassian (TEAM.O), opens new tab raised its fiscal 2026 revenue growth forecast on Thursday, betting on strong spending on its enterprise software services as clients increasingly incorporate artificial intelligence into their businesses.

Companies looking to incorporate machine learning and automate tasks have taken to Atlassian's software products, as tools such as Jira Service Management and Rovo help clients manage teams, track work and analyze data.

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

"We delivered our first-ever $1 billion Cloud revenue quarter, which grew 26% year-over-year, crossed 350,000 customers, and Rovo surpassed 5 million monthly active users," Atlassian's Chief Executive Officer, Mike Cannon-Brookes, said.

Shares of the company, however, were down around 8% in extended trading. Free cash flow for the second quarter fell around 51% to $168.5 million.

Atlassian now expects annual revenue to grow around 22%, compared with its earlier growth forecast of around 20.8%.

The company forecast third-quarter revenue of between $1.69 billion and $1.70 billion, compared with estimates of $1.65 billion according to data compiled by LSEG.

Revenue for the second quarter was $1.59 billion, beating estimates of $1.54 billion.

Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Trust Principles., opens new tab

AI chipmaker Qualcomm (QCOM) reported fiscal first quarter adjusted earnings of $3.50 per share compared to an estimate of $3.41. Adjusted revenue was $12.25 billion versus an expectation of $12.2 billion.

TORONTO, Feb. 05, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM) ( ARBN: 689370894) (“DPM” or “the Company”) is pleased to announce an update to the Mineral Resource and Mineral Reserve (“MRMR”) estimate and life of mine (“LOM”) plan for its Chelopech mine in Bulgaria.

Revenue, Adjusted EBITDA and Marketshare
Continued to Grow to All-Time High

, /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the 12 months ended December 31, 2025 (the "Year").

The Group is pleased to see Macau continuing to grow in 2025. The city welcomed a record visitation of approximately 40 million in 2025, up from 34.9 million in 2024. Daily visitation was up 15% to 109,779.

Gross gaming revenue (GGR) also continued to grow last year. Full-year industry GGR was up 9% year-on-year to approximately MOP247 billion or daily MOP678 million in 2025, representing 85% of 2019. Each subsequent quarter delivered sequential acceleration of 1%, 8%,13% and 15% growth respectively in 2025.

MGM China saw record growth in various business segments in 2025. Property visitation rose 14% year-on-year. Daily GGR was up 11%. Net revenue of the Group grew by 11% year-on-year to HK$34.8 billion in 2025. Adjusted EBITDA also grew by 10% to historical high of HK$10 billion in 2025. The Group maintained adjusted EBITDA margin at 28.8% (2024: 28.9%), with a mass-focused business and sustaining operational efficiency. MGM China saw market share at new high of 16.1%, further climbed from 15.8% in 2024. MGM COTAI market share was 10.1% and MGM MACAU was 6.0%. The Group maintained a healthy financial position. As of December 31, 2025, the Group had a total liquidity of approximately HK$24 billion, comprised of bank balances and cash and undrawn revolver. MGM continues its hospitality legacy with seven five-star awards by Forbes Travel Guide 2025, featuring the team's dedication to delivering exceptional experiences.

During the Year, MGM MACAU introduced Alpha Villas with a total of 28 keys. Together with launch of Alpha Club also at the Peninsula property and completion of other refurbishment projects, MGM MACAU provides an elevated experience especially for premium customers, reflecting our understanding of their latest tastes and trends.

Our residency show Macau 2049 at MGM COTAI, jointly created by MGM and acclaimed director Zhang Yimou, was awarded the Weibo Cultural Tourism IP Award at the 2025 "Weibo Travel Night". The award reaffirms our achievements in cultural tourism communication and underscores our support for developing Macau as a platform for exchange and cooperation, where Chinese culture is the mainstream while diverse cultures coexist. Since its premiere, Macau 2049 has attracted an international audience with over 30% coming from overseas, a remarkable testament to its expanding global appeal and its ability to spark worldwide interest in traditional Chinese culture.

At MGM MACAU, POLY MGM MUSEUM reached a remarkable milestone by welcoming its one-millionth visitor in November last year. Spanning across nearly 2,000 square meters, the museum is meticulously built to meet national standards for exhibiting Grade-One cultural relics. It blends traditional craftsmanship with advance technology to create an immersive and world-class cultural experience for visitors.

The inaugural exhibition - The Maritime Silk Road – Discover the Mystical Seas and Encounter the Treasures of the Ancient Trade Route – was awarded the International and Hong Kong, Macao, Taiwan Cooperation Award by "Top Ten Museum Exhibitions" in China. The museum is currently presenting its second exhibition - Silk Roads Beyond Borders - which traces the history of the overland Silk Road through more than 200 historical artifacts and contemporary artworks. Through imaginative curatorial storytelling, the exhibition recreates a dialogue between past and present, inviting visitors on a cultural journey that transcends time and space.

Kenneth Feng, Chief Executive Officer of MGM China said: "We are excited to see MGM China being a solid outperformer in the market, ending the year with record-high growth across various business segments. We are proud to have maintained solid marketshare of over 16% for the full year, as our operating team continues to command a strong understanding and relationship with the premium customer driving the market."

Following the launch of Alpha Villas, MGM COTAI has begun converting rooms into approximately 60 new suites, further strengthening the complementary positioning of our properties - with MGM MACAU as the leading property on the Peninsula and MGM COTAI as the preferred destination for premium customers.

"We are committed to creating quality experiences for our visitors, aligning our offerings with the Macau Government's vision to develop the city into a global and diversified tourist destination. With more non-gaming and entertainment events taking place across Macau, we believe people will have even more reasons to visit, driving long-term and sustainable growth for the city," said Kenneth Feng.

About MGM China Holdings Limited

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in 2018 and more than doubles our presence in Macau. 

MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

SOURCE MGM China

Sometimes, it can seem like the AI industry is racing to see who can spend the most money on data centers. Whoever builds the most data centers will have the most compute, the thinking goes, and thus be able to build the best AI products, which will guarantee victory in the years to come. There are limits to this way of thinking — traditionally, businesses eventually succeed by making more money and spending less — but it’s proven remarkably persuasive for large tech companies.

If that is the game, Amazon does seem to be winning.

The company announced in its earnings on Thursday that it projects $200 billion in capital expenditures throughout 2026, across “AI, chips, robotics, and low earth orbit satellites.” That’s up from the $131.8 billion in capex in 2025. It’s tempting to attribute the whole capex budget to AI. But unlike most of its competitors, Amazon has a significant physical plant, some of which is being converted for use by expensive robots, so the non-AI expenses aren’t so easy to wave away.

Google is close behind. In its earnings on Wednesday, the company projected between $175 billion and $185 billion in capital expenditures for 2026, up from $91.4 billion the previous year. It’s significantly more than the company spent on fixed assets last year, and significantly more than most of its competitors are spending.

Meta, which reported last week, projected $115 to $135 billion in capex spending for 2026, while Oracle (once the poster child for AI infrastructure) projects a measly $50 billion. Microsoft doesn’t have an official projection for 2026 yet, but the most recent quarterly figure was $37.5 billion, which pencils out to roughly $150 billion, assuming it keeps up. It’s a notable increase, and one that has led to investor pressure on CEO Satya Nadella — but it still puts the company in third place.

From within the tech world, the logic here is simple. The revolutionary potential of AI is going to turn high-end compute into the scarce resource of the future, and only companies that control their own supply will survive. But while Google, Amazon, Microsoft, Meta, Oracle and others are frantically prepping for the compute desert of the future, their investors aren’t convinced. Each company saw its stock price plummet as investors balked at the hundreds of billions of dollars being committed, and companies with higher spends tended to drop more.

Crucially, this isn’t just a problem for companies like Meta that haven’t figured out their AI product strategy yet. It’s everyone — even companies like Microsoft and Amazon with a robust cloud business and a straightforward take on how to make money in the AI era. The numbers are simply too high for investor comfort.

Techcrunch event

Boston, MA | June 23, 2026

Investor sentiment isn’t everything — and in this case, it may not do much to change the industry’s mind. If you believe AI is about to change everything (and the argument is pretty compelling at this point), you’d be a fool to change course just because Wall Street got jumpy. But going forward, big tech companies will be under a lot of pressure to downplay how expensive their AI ambitions really are.

Russell Brandom has been covering the tech industry since 2012, with a focus on platform policy and emerging technologies. He previously worked at The Verge and Rest of World, and has written for Wired, The Awl and MIT’s Technology Review. He can be reached at [email protected] or on Signal at 412-401-5489.

Q4: 2026-02-04 Earnings SummaryEPS of $1.27 misses by $0.03

 |

Revenue of

$187.47M

(14.28% Y/Y)

beats by $2.22M

EastGroup Properties, Inc. (EGP) Q4 2025 Earnings Call February 5, 2026 10:00 AM EST

Company Participants

Marshall Loeb - CEO & Director
Casey Edgecombe
R. Dunbar - President
Staci Tyler - Executive VP, CFO& Treasurer
Brent Wood - Executive VP & Chief Operating Officer

Conference Call Participants

Craig Mailman - Citigroup Inc., Research Division
Samir Khanal - BofA Securities, Research Division
Blaine Heck - Wells Fargo Securities, LLC, Research Division
Alexander Goldfarb - Piper Sandler & Co., Research Division
Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Todd Thomas - KeyBanc Capital Markets Inc., Research Division
Richard Anderson - Cantor Fitzgerald & Co., Research Division
Michael Griffin - Evercore ISI Institutional Equities, Research Division
Michael Mueller - JPMorgan Chase & Co, Research Division
Vikram Malhotra - Mizuho Securities USA LLC, Research Division
Eric Borden - BMO Capital Markets Equity Research
Omotayo Okusanya - Deutsche Bank AG, Research Division
Jessica Zheng
Ronald Kamdem - Morgan Stanley, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the EastGroup Properties' fourth quarter 2025 earnings conference call and webcast. [Operator Instructions]. This call is being recorded on Thursday, February 5, 2026.

I would now like to turn the conference over to Marshall Loeb, CEO. Please go ahead.

Marshall Loeb
CEO & Director

Good morning, and thanks for calling in for our fourth quarter 2025 conference call. As always, we appreciate your interest. I'm happy to say that joining me on this morning's call are Reid Dunbar, our President; Staci Tyler, our CFO; and Brent Wood, our COO. Since we'll make forward-looking statements, we ask you listen to the following disclaimer.

Casey Edgecombe

Please note that our conference call today will contain financial measures such as PNOI and FFO that are non-GAAP measures as defined in Regulation G. Please refer to our most recent financial supplement and

Q4: 2026-02-05 Earnings SummaryEPS of $4.04 beats by $0.19

 |

Revenue of

$3.48B

(15.71% Y/Y)

beats by $377.34M

Huntington Ingalls Industries, Inc. (HII) Q4 2025 Earnings Call February 5, 2026 9:00 AM EST

Company Participants

Christie Thomas - Vice President of Investor Relations
Christopher Kastner - President, CEO & Director
Thomas Stiehle - Executive VP & CFO

Conference Call Participants

Robert Stallard - Vertical Research Partners, LLC
Douglas Harned - Bernstein Institutional Services LLC, Research Division
Scott Mikus - Melius Research LLC
Noah Poponak - Goldman Sachs Group, Inc., Research Division
Peter Skibitski - Alembic Global Advisors
Seth Seifman - JPMorgan Chase & Co, Research Division
John Godyn - Citigroup Inc., Research Division
Scott Deuschle - Deutsche Bank AG, Research Division
Myles Walton - Wolfe Research, LLC
Gautam Khanna - TD Cowen, Research Division
Mariana Perez Mora - BofA Securities, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2025 HII Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would like now to hand the call over to Christie Thomas, Vice President of Investor Relations. Mrs. Thomas, you may begin.

Christie Thomas
Vice President of Investor Relations

Thank you, operator, and good morning, everyone. Welcome to the HII Fourth Quarter 2025 Conference Call. Matters discussed on today's call that constitute forward-looking statements, including our estimates regarding the company's outlook, involve risks and uncertainties and reflect the company's judgment based on information available at the time of this call. These risks and uncertainties may cause our actual results to differ materially. Additional information regarding these factors is contained in today's press release and the company's SEC filings.

We will also refer to non-GAAP financial measures. For additional disclosures about these non-GAAP measures, including reconciliations to comparable GAAP measures, please see the slides that accompany this webcast, which are available on the Investor Relations page of our website at ir.hii.com.

On the