Market Signal Briefing

BEVERLY, Mass., Feb. 18, 2026 (GLOBE NEWSWIRE) -- ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, announced today that it will release fourth quarter and full year 2025 results on Wednesday, March 4, 2026, after market close. The Company will host a conference call to discuss its results at 10:00 a.m. ET on Thursday, March 5, 2026.

Key details regarding the call are as follows:

Call Date: Thursday, March 5, 2026
Call Time: 10:00 a.m. ET
Webcast Link: https://edge.media-server.com/mmc/p/2kqggmh2

Live Call Participant Link:
https://register-conf.media-server.com/register/BIded8ae2c416740669d62bfade91d0686 

Webcast Link Instructions
You can listen to a live audio webcast of the conference call by visiting the “Webcast Link” above or the "Events & Presentations" section of the Company's Investor Relations website at https://ir.atni.com/events-and-presentations. A replay of the conference call will be available at the same locations beginning at approximately 1:00 pm ET on the same day. The Company also will provide an investor presentation as a supplement to the call on the “Events & Presentations” section of its Investor Relations website.

Live Call Participant Instructions
To participate in the live call, you must register using the “Live Call Participant Link” above. Once registered, you will receive dial-in numbers and a unique PIN number. When you dial in, you will input your PIN and be routed into the call. If you register and forget your PIN, or lose the registration confirmation email, simply re-register to receive a new PIN.

About ATN
ATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, is a leading provider of digital infrastructure and communications services for all. The Company operates in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets with a growing demand for infrastructure investments. The Company’s operating subsidiaries today primarily provide: (i) advanced wireless and wireline connectivity to residential, business, and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and (ii) carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities.
For more information, please visit www.atni.com.

Contact:
Michele Satrowsky
Corporate Treasurer
ATN International Inc.
978-619-1300

Adam Rogers
Investor Relations
[email protected]

Amrize AG (AMRZ) Q4 2025 Earnings Call Transcript

Devon Energy Corporation (DVN) Q4 2025 Earnings Call Transcript

CHONGQING, CHINA - AUGUST 08: In this photo illustration, a person holds a smartphone displaying the logo of Barrick Mining Corporation (NYSE: B), one of the world's leading gold and copper mining companies, with the company's initial B logo visible in the background, on August 8, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)

Getty Images

From August 2025 to February 2026, Barrick Mining (B) experienced an 85% increase driven by record cash flow and an ambitious dividend increase, showcasing operational robustness and strategic changes. However, a recent 8% downturn suggests investor apprehension after a minor reduction in 2026 gold production forecasts.

Here is a detailed analysis of stock movement based on key contributing factors.

B

Trefis

What does this signify? The stock rose 85% as revenues increased 23% and the net income margin escalated by 47%, while a consistent P/E ratio and a modest reduction in shares illustrated solid operational improvements encouraging investor trust.

Here Is Why Barrick Mining Stock Moved

Explosive Cash Generation: Q4 operating cash flow reached an unprecedented $2.73 billion, indicating direct margin expansion from elevated commodity prices on consistent production levels.Aggressive Capital Returns: A newly established dividend policy aimed at 50% of free cash flow led to a 140% increase in dividends to $0.42/share, highlighting a fundamental shift toward shareholder returns.Copper’s Strategic Impact: Copper’s contribution rose to 30% of total EBITDA in Q4, confirming that the dual-commodity approach is significantly reducing the business’s exposure to gold price fluctuations.Unlocking Value via IPO: The board sanctioned an IPO for its North American gold assets, a tactical decision to reveal embedded value by establishing a distinct investment vehicle focused solely on core operations.Recent Trajectory Change: The stock experienced a decline of over 8% following earnings as the 2026 gold production forecast of 2.9-3.25M oz was lower than the 3.26M oz produced in 2025.Current Assessment Of B Stock

The primary investment discussion revolves around: Can unprecedented gold prices and substantial cash flow conceal the weakening core operations characterized by decreasing production and sharply increasing costs?

MORE FOR YOU

The prevailing mood seems to be negative. The impressive cash flow stems from pricing, not sustainable operational capabilities. The market reacted negatively to the stock after earnings, indicating that fading production volumes and soaring cost projections are undermining the investment thesis.

Bull View - High gold prices offer substantial margin leverage and free cash flow, making operational challenges manageable. The stock stands to gain greatly from the commodity supercycle.

Bear View - Decreasing production (FY25: -17%), diminishing reserves, and escalating cost projections (FY26 AISC +8-19%) highlight a fundamentally fragile business dependent on unstable spot prices.

Handling the contrasting bull and bear perspectives of any individual stock involves inherent volatility. Effectively managing this idiosyncratic risk requires a more comprehensive portfolio strategy.

Why HNI Portfolios Choose Multi-Asset Portfolios Over Stock Picking

In times of uncertainty that influence daily trading, wise investors concentrate on the broader perspective. Our partner’s wealth strategies assist you in navigating fluctuating market cycles.

Would a portfolio comprising 10% commodities, 10% gold, and 2% crypto offer better protection if markets faced a 20% decline? In today’s unpredictable environment, diversifying beyond stocks is essential. We have analyzed the data and concluded that multi-asset allocation is crucial. Our wealth management partner helps HNIs put these strategies into action, utilizing tools like the Trefis High Quality Portfolio to enhance the equity sector.

On this episode of the “ETF of the Week” podcast, VettaFi’s Head of Research Todd Rosenbluth discussed the NEOS Russell 2000 High Income ETF (IWMI) with Chuck Jaffe of Money Life. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF.

[cky_video_placeholder_title]

Chuck Jaffe: One fund, on point for today. The expert to talk about it. Welcome to the ETF of the Week!

Yes, welcome to the ETF of the Week. That’s where we examine trending, newsworthy, unique, and intriguing exchange-traded funds with Todd Rosenbluth. He’s the Head of Research at VettaFi, and at VettaFi.com, they’ve developed a full suite of tools that you can dig into that will make you a better, smarter investor in exchange-traded funds.

Todd Rosenbluth, great to chat with you again!

Todd Rosenbluth: It’s great to be back, Chuck.

Chuck Jaffe: Your ETF of the Week is…

Todd Rosenbluth: The NEOS Russell 2000 High Income ETF. The ticker is IWMI.

Chuck Jaffe: IWMI, the NEOS Russell 2000 High Income ETF. And if that ticker or that name rings a bell, that’s because this was ETF of the Week back in 2024, and right after it came out, because it was kind of a new-fangled fund at that time. There’s been a bunch of others and sisters and what-have-you that have come out since. But why is this fund back as ETF of the Week now?

Todd Rosenbluth: So, a few reasons. One, you’re right; we talked about it when it first came out. It now has over $600 million in assets. NEOS has roughly $20 billion—billion with a “B”—$20 billion in assets under management. They’ve had a tremendous year in the past year. Small-caps are back in focus for many investors. Small-caps tend to do well after the Fed has started cutting interest rates; investors are gravitating to small-caps.

Small-caps do better than large caps in the month of January. But what’s interesting to me is IWM, which is the iShares Russell 2000 ETF—which does not have an options overlay to it, does not generate any income—has actually seen continued net outflows, whereas IWMI has seen inflows this year and, of course, in 2025. 

So, investors are choosing the higher-income alternative to get exposure to small caps. Worth revisiting, in my opinion.

Chuck Jaffe: The consumer choosing the higher-income strategy is always something they’re going to do. I mean, I always go back to when we started seeing funds that were created that were, you know, absolute return funds, et cetera, and it’s like, who picks a one or a three when you can get a five or a seven? 

Well, it’s the same sort of thing. Who buys the index when you can buy the index with the income on it? 

But there are some folks who are concerned that the options overlay funds are maybe heading for trouble, et cetera. So one, can they handle this big influx of money? And two, have they performed to this point? Because again, we now have about a two-year track record on this fund, as you would have expected.

Todd Rosenbluth: A couple of things. One, I think this fund and NEOS can handle the flows that have been going in. NEOS has grown its team. Its grown its scale and its capabilities. And this is what they do—this being options income strategies. They do it in a tax-efficient way. They use index options. They’ve been doing this for a number of years with a number of individual strategies, coming out initially with large-cap versions as ETFs that we’ve talked about.

Small-caps don’t typically pay dividends. So the iShares Russell 2000 ETF, IWM, yields 1%, whereas IWMI, the NEOS product, is offering 14%. Now, typically in my old-school days—and maybe your old-school days—when you saw a yield that was climbing, that was a sign of potential risk, because the dividend could get cut for an individual stock or an ETF at a high dividend yield. I mean, it was investing in companies where the dividend could be cut. That’s not been the case.

NEOS has a track record for this ETF, has a track record for its broader suite of delivering income on a consistent basis. And what we find is this—actually using options income—can be downside-protecting. It isn’t the pure goal—it’s generating higher income—but it is providing some downside protection during times of volatility. There will be times of volatility for small-caps. I like that IWMI is offering that benefit of exposure.

Chuck Jaffe: We recently had on Money Life Cullen Roche from the Discipline Funds, and he’s not a big fan of these, but he’s not alone. I mean, I think the most pointed commentary I’ve seen was from Daniel Villalon, who is Cliff Asness’s partner at AQR. 

And he was looking at that claim that you get downside protection, and he said that, yes, that’s what they provide in theory, but that—and he wasn’t speaking specific to any one fund—he was saying of the funds that go back as far as 2020— so there’s about 100 of those , if you look at something with an options overlay strategy—they didn’t actually provide much downside protection and they didn’t really outperform the benchmark if their benchmark was the S&P.

So, just out of curiosity, because there is some division over these—while I know you like the structure and I know you talk with the people—is there a point for you that it has to be a certain age or what-have-you to go: ‘There, now, I’m 100% convinced, that this is the way I want to play it’, or has it reached that already and you’re not worried about the criticisms? I’m curious because, like I said, this is an area that, even since you first talked about it, we’ve had more division on my show than we have on most areas in the ETF space.

Todd Rosenbluth: I think that there’s division about options-based ETFs in general. And I think — I don’t know about Cullen’s comments, but what we saw from the other commenter that you were talking about was more concerns about downside protection and buffer ETFs than they were about higher-income ETFs. So, I mentioned downside protection; this is a secondary or tertiary benefit of investing in IWMI is that using options to generate income could provide some level of downside protection.

But what you’re really getting is that income, that 14% yield. And so since the fund has been out there, I think it’s performed relatively well. I had in front of me just a one-year chart and it’s neck-and-neck with IWM in an up market, which is a good sign to me. It’s just generating returns in a different manner.

I’ve seen the NEOS team and examples of how their other options-based products and how they’re  performing relative to other — so, NEOS’ options-based products and how they perform relative to peer options-based products that are trying to generate income. And they being the NEOS products have performed relatively well. 

I don’t think it’s as easy a comparison, or an appropriate comparison, to compare just a non-hedged or non-options or non-income-generating strategy with the one that does offer it. It’s got two different objectives. If what you, as an investor or an advisor listening to this, are looking for income in a tax-efficient manner using ETFs and you want small-cap exposure, IWMI is a great example of a fund to consider.

Chuck Jaffe: Does this discussion we’re having also kind of make sure that, look, if you’re an investor and you’re going to look at this fund, really get into understanding how the options stuff works? And especially if you’re looking at options funds generally? I mean, you bring ideas to the table and you’re always saying “look and explore.” 

But again, given the discussion that’s out there and that some of it’s the buffers, et cetera, if you’re going to dig into these newer products and you’re going to buy a sales pitch that says they’re new and improved, make sure you understand that you’re getting improvements that you trusted, right?

Todd Rosenbluth: Yes, completely. So, we’re talking about ideas here. We do this on a weekly basis. We rotate through different strategies and firms and investment styles. So I very much encourage listeners and watchers—if you’re watching a video of this—to do your homework, to do your due diligence. Visit the NEOS website. 

In fact, they also have a podcast that they do on a monthly basis talking about their strategies. Hear from them directly. You might even want to reach out to them and see if you can have your questions answered; that perhaps is possible. So, I very much encourage people to learn what they can about these products before putting IWMI into a portfolio.

But what we found is that you can complement an existing strategy. If you have small-caps and you want income, this can complement that. If you don’t have small-caps because you think they’re too risky and you want income—and a 1% yield is not good enough for you—then this could be a good way of going. NEOS has the expertise.

Chuck Jaffe: I’ve talked to a number of people who say they’re expecting the broadening, they’re expecting a small-cap rally, et cetera. I mean, you could have picked a lot of different flavors of NEOS high income. You could have gone toward something that’s more towards the Q’s and everything else. Is there a bit of a call on small-caps in here for you—that you’re in agreement with the camp that says the small-cap rally that we’ve seen a little bit of is actually going to hold this time?

Todd Rosenbluth: So, I think so, and we shall see. But we’ve seen a rally. Small-caps historically do well when the Fed has cut and might continue to cut in the future. And investors are looking for small-cap strategies. I think IWMI is a good one to consider.

Chuck Jaffe: It’s IWMI, the NEOS Russell 2000 High Income ETF. The ETF of the Week from Todd Rosenbluth at VettaFi. Todd, great stuff. We’ll see you again next week!

Todd Rosenbluth: Thanks a lot, Chuck.

Chuck Jaffe: The ETF of the Week is a joint production of VettaFi. The ETF of the Week is a joint production of VettaFi and Money Life with Chuck Jaffe. And yeah, I’m Chuck Jaffe. You can find my hour-long weekday podcast at MoneyLifeShow.com or by searching for it on your favorite podcast app.

And by the way, you know, Todd was talking about asking questions to ETF companies. You can ask them of Todd. Just send them to me: [email protected]. We’d love to get them. 

Now, if you want to get more information on the ETFs we discuss or the ones in your portfolio, go to VettaFi.com, where they’ve got a full suite of tools that will help make you a better investor. They’re on X at @Vetta_Fi. Todd Rosenbluth, their head of research, my guest—he’s there too. He’s at @ToddRosenbluth.

The ETF of the Week is here for you every Thursday. Please, don’t miss an episode. Just sign up on your favorite podcast app to get this each week. And we’ll be back with another ETF for you to consider next week. Until then, happy investing, everybody!

Note: This article was created in part through assistance from AI tools. The content has been thoroughly reviewed and edited by the author. 

For more news, information, and analysis, visit the Tax-Efficient Income Content Hub.

Fortive Corporation (FTV) Presents at Barclays 43rd Annual Industrial Select Conference Transcript

Global Payments Inc. (GPN) Q4 2025 Earnings Call February 18, 2026 8:00 AM EST

Company Participants

Nathan Rozof - Head of Investor Relations
Cameron Bready - CEO & Director
Joshua Whipple - Senior EVP & CFO
Robert Cortopassi - President & COO

Conference Call Participants

David Koning - Robert W. Baird & Co. Incorporated, Research Division
Darrin Peller - Wolfe Research, LLC
Dan Dolev - Mizuho Securities USA LLC, Research Division
Ramsey El-Assal - Cantor Fitzgerald & Co., Research Division
Adam Frisch - Evercore ISI Institutional Equities, Research Division
Tien-Tsin Huang - JPMorgan Chase & Co, Research Division
Andrew Schmidt - KeyBanc Capital Markets Inc., Research Division
Dominic Ball - Rothschild & Co Redburn, Research Division
Jeffrey Cantwell - Seaport Research Partners
Jason Kupferberg - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Global Payments Fourth Quarter and Full Year 2025 Earnings Conference Call. [Operator Instructions]. As a reminder, today's conference will be recorded. At this time, I would like to turn the conference over to your host, Senior Vice President, Investor Relations, Nate Rozof. Please go ahead.

Nathan Rozof
Head of Investor Relations

Good morning. Welcome to Global Payments Fourth Quarter and Full Year 2025 Conference Call. Joining us today is our CEO, Cameron Bready; CFO, Josh Whipple; and COO, Bob Cortopassi.

Some of the comments made during today's conference call will contain forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied and we caution you not to place undue reliance upon them. They speak only as of the date of this call, and we take no obligation to update them.

In addition, we will be referring to several non-GAAP financial measures. For a full reconciliation of the non-GAAP financial measures to our most comparable GAAP

HomeStock IdeasLong IdeasCommunication Services

SummaryAlphabet Inc. is upgraded to Strong Buy, with a $440 base case price target, reflecting robust AI-driven growth and strong Q4 results.GOOGL's search and cloud segments delivered record growth, with AI tools acting as catalysts, not cannibalizers, for core businesses.Gemini has evolved into a full AI platform, driving user and enterprise adoption, while serving costs dropped 78% in 2025, supporting margins.Despite a near doubling of FY26 capex guidance, momentum in AI monetization and cloud backlog justifies increased investment and supports valuation upside. Eloi_Omella/iStock via Getty Images

Investment Thesis The last time I wrote about Alphabet Inc. (NASDAQ: (GOOGL)), in November 2025, I analyzed the road ahead for investors post the company’s Q3 report, especially around the time that the AI trade

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

New York, New York--(Newsfile Corp. - February 18, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Gartner, Inc. ("Gartner, Inc.") (NYSE: IT) concerning potential violations of the federal securities laws.

SEC Regulation G and Item 10(e) of Regulation S-K establish disclosure requirements for companies presenting non-GAAP financial measures. These rules require that adjusted metrics be reconciled to the most directly comparable GAAP measure and that GAAP results receive equal or greater prominence. The regulations aim to prevent companies from using adjusted presentations to obscure underlying performance trends.

Gartner's February 3, 2026 fourth quarter earnings release presented a narrative that emphasized the company's earnings-per-share beat relative to analyst estimates. However, the same release disclosed that revenue fell short of consensus expectations and that the company was issuing a full-year 2026 outlook that demonstrated a year-over-year decline. The investigation will examine the relative prominence given to each metric in the company's communications.

The company had previously guided investors to expect adjusted EPS of at least $12.65 for 2025, with CFO Craig Safian noting that the guidance was based on 78 million shares and assumed "repurchases to offset dilution." Gartner repurchased more than $1 billion of stock during Q3 2025, reducing share count by 6% year-over-year. The investigation will examine whether the EPS guidance and share-count assumptions were realistic given management's knowledge of revenue trends.

Following the earnings release, Gartner shares declined more than 20% in midday trading, reaching a new 52-week low below $160. Trading volume increased significantly above normal levels.

If you suffered a loss on your Gartner, Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284374

Source: Levi & Korsinsky, LLP

CHICAGO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Cosmos Health Inc. ("Cosmos Health" or the “Company”) (NASDAQ:COSM), a diversified, vertically integrated global healthcare group, today announced continued expansion of its United Kingdom (UK) retail footprint as its antimicrobial skin cleanser, C-Scrub Wash Chlorhexidine 4% (“C-Scrub”), is now available through Superdrug, the UK’s second-largest beauty and health retailer.

Established over 60 years ago, Superdrug is widely recognized for its leadership in health, wellness, and personal care categories and operates more than 830 stores across the UK and the Republic of Ireland, including over 200 in-store pharmacies and a growing number of health clinics, complemented by a strong online e-commerce platform.

C-Scrub Listed on Superdrug.com

C-Scrub is a powerful antiseptic wash offering reliable skin disinfectant properties. It is designed to reduce bacteria and help prevent infection, supporting effective skin hygiene. Expanding into Superdrug’s extensive retail and pharmacy network represents a strategic enhancement of Cosmos Health’s UK market positioning and further increases C-Scrub’s exposure within a focused consumer healthcare environment.

Greg Siokas, CEO of Cosmos Health, stated: “Our entry into Superdrug further reinforces the growing retail momentum for C-Scrub in the UK. Establishing presence across online, broad-based, and health-focused retail platforms significantly strengthens our market positioning. This continued expansion increases brand reach and supports the long-term development of our broader product portfolio across the region.”

About Cosmos Health Inc.
Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe®, C-Sept® and C-Scrub®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, www.cloudscreen.gr, as well as LinkedIn and X.

Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could,” generally identify forward-looking statements, although not all forward-looking statements contain these words. These statements involve risks and uncertainties that may individually or materially affect the matters discussed herein for a variety of reasons outside the Company’s control, including, but not limited to: the Company’s ability to raise sufficient financing to implement its business plan; the effectiveness of its digital asset strategies, including accumulation and yield-generating activities; the impact of the war in Ukraine on the Company’s business, operations, and the economy in general; and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, as actual results could differ materially from those anticipated. Readers are encouraged to review the risk factors set forth in the Company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The Company disclaims any obligation to update or revise forward-looking statements, whether as a result of any new information, future events, or otherwise.

Investor Relations Contact:
BDG Communications
[email protected] 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/28921cdd-6f72-4904-aac4-f42521cc53b9

KP Tissue Inc. (KPT:CA) Q4 2025 Earnings Call February 18, 2026 8:30 AM EST

Company Participants

Doris Grbic
Dino Bianco - Chief Executive Officer
Michael Keays - Chief Financial Officer

Conference Call Participants

Ahmed Abdullah - National Bank Financial, Inc., Research Division
Hamir Patel - CIBC Capital Markets, Research Division
Sean Steuart - TD Cowen, Research Division
Frederic Tremblay - Desjardins Securities Inc., Research Division

Presentation

Operator

Good morning, and welcome to KP Tissue's Fourth Quarter 2025 Results Conference Call. Note that today's call is being recorded for replay. [Operator Instructions].

I will now turn the call over to Doris Grbic, Director of Investor Relations. You may begin your conference.

Doris Grbic

Thank you, operator. Good morning, everyone, and thank you for joining us to review Kruger Products Fourth Quarter 2025 Financial Results. With me this morning is Dino Bianco, the CEO of KP Tissue and Kruger Products; and Michael Keays, the CFO of KP Tissue and Kruger Products.

Today's discussion will include certain forward-looking statements. Actual results could differ materially from these forward-looking statements due to known and unknown risks and uncertainties. A list of risk factors can be found in our public filings. In addition, today's discussion will include certain non-GAAP financial measures. The reconciliation of these non-GAAP financial measures to the most comparable GAAP measure can be found in our MD&A.

The press release reporting our Q4 2025 results was published this morning and will be available on our website at kptissueinc.com. The financial statements and MD&A will also be posted on our website and on SEDAR. The investor presentation to accompany today's discussion can be found in the Investor Relations section of our website.

I will now turn the call over to our CEO, Dino Bianco. Dino?

Dino Bianco
Chief Executive Officer

Thank you, Doris. Good morning, everyone, and thank you for

Global-E Online Ltd. (GLBE) Q4 2025 Earnings Call Transcript

MFA Financial, Inc. (MFA) Q4 2025 Earnings Call Transcript

Honeywell International Inc. (HON) Citi's Global Industrial Tech & Mobility Conference 2026 February 18, 2026 11:20 AM EST

Company Participants

Vimal Kapur - Chairman & CEO

Conference Call Participants

Andrew Kaplowitz - Citigroup Inc., Research Division

Presentation

Andrew Kaplowitz
Citigroup Inc., Research Division

Again, we're very excited to have Honeywell with us today. We've got Vimal Kapur, who is the Chairman and CEO of Honeywell. And Mike Stepniak in the audience, he's the SVP and CFO.

And Vimal I walk over, it's only been a couple of weeks since you reported earnings. We know that. But maybe give us an update. You do have a fair amount of shorter-cycle businesses. Obviously, Building Automation has been very strong. Aero has been very strong in your long-cycle businesses, and you've got a reasonably strong orders.

Question-and-Answer Session

Andrew Kaplowitz
Citigroup Inc., Research Division

So take us through what's been happening in Q1, if anything, is different, new, anything like that?

Vimal Kapur
Chairman & CEO

I think fundamentally, the momentum what we saw in '25 continues in '26. If you ask me what's the change year-over-year, I think external markets remain very, very similar. Aero, very strong. Building Automation, we have a strong, both short and long cycle. Industrial Automation business actually is doing quite well in North America, but not that strong demand in Europe and China, which makes our guide more around what we guided there.

Essentially, the only market where we see more lack of demand is petrochemicals catalyst. And I think the world has enough capacity. We're talking about it probably for the last 2 or 3 earnings calls. And our guide assumes that the situation persists in 2026. But the opposite tail of that is the long cycle and process is very strong. Our orders have grown 2 quarters in a row. We

Eregli Demir ve Çelik Fabrikalari T.A.S. (ERELY) Q4 2025 Earnings Call Transcript

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.

Tapestry (TPR - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Here are three of the most important factors that make the stock of this maker of high-end shoes and handbags a great growth pick right now.

Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Tapestry is 17.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 23.8% this year, crushing the industry average, which calls for EPS growth of 17.1%.

Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.

Right now, year-over-year cash flow growth for Tapestry is 10.6%, which is higher than many of its peers. In fact, the rate compares to the industry average of -1.1%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 21.2% over the past 3-5 years versus the industry average of 7.6%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Tapestry have been revising upward. The Zacks Consensus Estimate for the current year has surged 13% over the past month.

Bottom LineTapestry has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.

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

This combination indicates that Tapestry is a potential outperformer and a solid choice for growth investors.

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.

Our proprietary system currently recommends Portland General Electric (POR - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

Here are three of the most important factors that make the stock of this electric utility a great growth pick right now.

Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Portland General Electric is 1.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 10.5% this year, crushing the industry average, which calls for EPS growth of 6.7%.

Impressive Asset Utilization RatioAsset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.

Right now, Portland General Electric has an S/TA ratio of 0.28, which means that the company gets $0.28 in sales for each dollar in assets. Comparing this to the industry average of 0.22, it can be said that the company is more efficient.

In addition to efficiency in generating sales, sales growth plays an important role. And Portland General Electric is well positioned from a sales growth perspective too. The company's sales are expected to grow 5.4% this year versus the industry average of 4.1%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

There have been upward revisions in current-year earnings estimates for Portland General Electric. The Zacks Consensus Estimate for the current year has surged 1.3% over the past month.

Bottom LinePortland General Electric has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.

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

This combination indicates that Portland General Electric is a potential outperformer and a solid choice for growth investors.

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.

In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.

However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Valmont Industries (VMI - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

While there are numerous reasons why the stock of this infrastructure equipment maker is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Valmont is 16.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 11.3% this year, crushing the industry average, which calls for EPS growth of 2.5%.

Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.

Right now, year-over-year cash flow growth for Valmont is 6.5%, which is higher than many of its peers. In fact, the rate compares to the industry average of -10.3%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 13.3% over the past 3-5 years versus the industry average of 11.8%.

Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Valmont have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.2% over the past month.

Bottom LineWhile the overall earnings estimate revisions have made Valmont a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.

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

This combination positions Valmont well for outperformance, so growth investors may want to bet on it.

Key Takeaways HUN reported a Q4 loss of 56 cents per share as revenues fell 7% year over year. HUN saw pricing and volume pressures in some parts of its portfolio despite beating revenue estimates. HUN guides segment EBITDA for Q1, factoring in challenging conditions, cost cuts and seasonal softness. Huntsman Corporation’s (HUN - Free Report)  fourth-quarter 2025 loss (as reported) was 56 cents per share, narrower than a loss of 82 cents in the year-ago quarter. 

Barring one-time items, adjusted loss per share was 37 cents compared with a loss of 25 cents in the year-ago quarter. It was wider than the Zacks Consensus Estimate of a loss of 29 cents. 

Revenues were $1,355 million, down around 7% year over year. The top line beat the Zacks Consensus Estimate of $1,327.9 million. HUN saw volume pressure in the quarter, along with lower pricing in some parts of its portfolio. 

Huntsman Corporation Price, Consensus and EPS SurpriseHUN’s Q4 Segment HighlightsPolyurethanes: Revenues from the segment fell 8% year over year to $897 million. The figure beat our estimate of $883 million. The downside was due to lower average selling prices, partly masked by higher sales volumes. MDI selling prices fell mainly due to less favorable supply and demand dynamics. 

Performance Products: Revenues moved down 6% to $224 million, which was below our estimate of $225.7 million. The decrease was mainly caused by lower sales prices. Sales volumes were relatively stable. 

Advanced Materials: Revenues from the unit decreased 4% to $243 million and missed our estimate of $264.6 million. The decrease was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased in infrastructure coatings and general industry segments due to soft demand. 

HUN’s FinancialsFree cash flow from continuing operations was $20 million as compared to $108 million in the prior-year quarter. The company had around $1.3 billion in combined cash and unused borrowing capacity as of Dec. 31, 2025. 

Huntsman spent $57 million on capital expenditures from continuing operations compared with $51 million in the prior-year quarter. 

Net cash provided by operating activities from continuing operations was $77 million in the reported quarter. 

HUN’s Q1 OutlookFor the first quarter of 2026, adjusted EBITDA for Polyurethanes is anticipated in the roughly $25 million to $40 million range, Performance Products in about $20 million to $30 million, and Advanced Materials in about the $38 million to $42 million range, reflecting continued challenging market conditions and seasonal softness as well as benefits from cost savings actions underway into 2026. The company also highlighted ongoing inventory alignment and cost savings programs that are expected to further support cash flow and operational resilience throughout the year. 

HUN’s Stock Price PerformanceShares of Huntsman have lost 30.6% in the past year compared with the Zacks Chemicals Diversified industry’s 14.6% decline. 

Image Source: Zacks Investment Research

HUN’s Zacks Rank & Key PicksHUN currently carries a Zacks Rank #4 (Sell). 

Some better-ranked stocks worth a look in the basic materials space are AngloGold Ashanti Plc (AU - Free Report) , Methanex Corporation (MEOH - Free Report)  and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . 

AngloGold Ashanti is scheduled to report fourth-quarter results on Feb. 20. AU sports a Zacks Rank #1 (Strong Buy) at present. The consensus estimate for AU’s fourth-quarter earnings is pegged at $1.90 per share, indicating a 113.5% year-over-year surge. You can see the complete list of today’s Zacks #1 Rank stocks here. 

Methanex is expected to report fourth-quarter results on March 5. MEOH carries a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for MEOH’s fourth-quarter earnings is pegged at 81 cents per share, indicating a 35% year-over-year decline. 

Avino Silver is scheduled to report fourth-quarter results on March 11. ASM carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for ASM’s fourth-quarter earnings is pegged at 6 cents per share, indicating a 14.3% year-over-year decline. 

HomeIndustriesSoftwareTech StocksTech StocksSome analysts encourage investors to look past a muddy outlook and focus on the company’s recent momentum and AI opportunityPublished: Feb. 18, 2026 at 1:47 p.m. ET

Palo Alto Networks shares were down 6% on Wednesday. Photo: Getty ImagesPalo Alto Networks’ recent acquisitions have complicated the company’s financial outlook — but some analysts say the stock’s postearnings slide presents an opportunity for investors to jump in.

Shares of Palo Alto Networks PANW were down nearly 6% in afternoon trading Wednesday.

MILWAUKEE, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal”) announces that the YieldMax® MSTR Short Option Income Strategy ETF (NYSE Arca: WNTR) was halted to allow Tidal to evaluate the accuracy of the WNTR Net Asset Values per share (NAVs) published for February 17, 2026. Tidal determined the NAV for WNTR required to be restated from $37.8489 per share to $37.1473 per share.

Bitcoin miner Riot stock jumps nearly 9% as activist Starboard urges AI data center expansionThe activist investor said Riot's 1.7 GW power capacity can drive premium AI hosting deals at Texas sites. Updated Feb 18, 2026, 5:40 p.m. Published Feb 18, 2026, 5:14 p.m.

Shares of Riot Platforms (RIOT) rose nearly 9% Wednesday after activist investor Starboard Value LP released a letter pressing the company to accelerate its transition from bitcoin mining to AI infrastructure provider. The aim is for Riot to pursue high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals.

Riot’s 1.7 gigawatts of fully available power capacity make the company “well positioned to execute high-quality AI/HPC deals,” said Starboard, highlighting two of Riot’s Texas-based sites, Corsicana and Rockdale, as “premier” locations for data center development.

STORY CONTINUES BELOW

Starboard said that if Riot can monetize its power in line with recent transactions in the space, “it could generate more than $1.6 billion” in annual EBITDA. The group praised Riot’s recent deal with AMD, which is projected to yield $311 million over 10 years.

With a market cap of $4.25 billion, Texas-based Riot is the fifth-largest bitcoin mining company in the U.S. Its shares have risen by 19% in the past year, but remain lower by about 80% from highs hit during the 2021 bitcoin bull market. They've also underperformed miners like IREN, Cipher Mining, and Hut 8, which were quicker to recognize and transition to AI strategies.

Starboard was Riot’s fourth-largest shareholder as of the end of last year, and this isn't its first push on the company. In December 2024, Starboard requested that Riot convert some of its bitcoin mining sites into data centers capable of hosting HPC machines to support big tech companies.

While Riot Platforms has built its business around bitcoin mining, the pivot toward AI infrastructure could diversify revenue as power-hungry models like OpenAI’s GPT-4o and others drive data center demand. Riot’s power access, a rare commodity in the current energy-constrained data center market, could be used to lease capacity to major AI firms.

Starboard urged CEO Jason Les and Executive Chairman Benjamin Yi to act “with urgency” and position Riot as a long-term infrastructure provider for AI workloads.

More For You

Coinbase’s Base moves away from Optimism’s 'OP stack' in major tech shift

13 minutes ago

Base launched in 2023 and quickly became one of the most widely used Ethereum layer-2 networks.

What to know:

Coinbase’s Ethereum layer-2 network, Base, is changing the technology that powers it, stepping back from relying on Optimism’s OP Stack, the toolkit it originally launched on.Base launched in 2023 and quickly became one of the most widely used Ethereum layer-2 networks, with $3.85 billion in locked in the protocol today.The OP token is down 4% from the past 24 hours following the announcement of this news.

Goldman Sachs CEO David Solomon said Wednesday that crypto companies who think they can walk away from an industry market structure bill currently stalling in Congress “should move to El Salvador.”

Solomon was invoking the words of U.S. Treasury Secretary Scott Bessent, who said earlier this month that certain crypto leaders—who have argued they reject the bill if they don’t like its final language—are “nihilists” who should move to the Latin American nation. Bessent went further a few days later, calling such crypto executives “recalcitrant actors.” 

The comments may have been referring to U.S. crypto giant Coinbase and its CEO, Brian Armstrong. Last month, Armstrong abruptly pulled Coinbase’s support for the Senate's crypto market structure bill, derailing a key vote on the legislation that still has yet to be rescheduled. Armstrong said at the time that Coinbase would “rather have no bill than a bad bill.”

Speaking Wednesday at Mar-a-Lago, Goldman Sachs’ David Solomon echoed Bessent’s remarks, saying he was “in the same camp” as the treasury secretary when it came to the Senate’s crypto bill. The crypto industry can’t operate without a rules-based structure, Solomon said.

“It is very, very important that we codify a rules-based system,” Solomon said. “It’s not going to be perfect."

“If there are people who think we’re going to operate without a rules-based system, they’re probably wrong and should move to El Salvador,” the Goldman Sachs CEO continued.

Solomon was speaking Wednesday at the World Liberty Forum, an event held by the Trump family’s crypto company, World Liberty Financial. When asked by a CNBC moderator why he was there, Solomon bluntly replied that the Trump family’s business partners, the Witkoff family, had asked him to come.

“I’m here because Alex Witkoff called me,” Solomon said. “Alex and his family are great clients of the firm.”

Solomon further commented on his own personal Bitcoin holdings, saying he owns "very little, but some" of the top cryptocurrency—and described himself more as an "observer of Bitcoin."

The event was attended by many powerful business leaders in traditional finance and crypto, including Changpeng Zhao, the Binance founder pardoned by President Donald Trump last fall. Attendees also included lieutenants of a powerful UAE sheikh who discreetly bought a 49% stake in the Trump family’s crypto company last year.

Coinbase CEO Brian Armstrong is scheduled to speak at the Mar-a-Lago event later this afternoon.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Crypto markets turned green on Valentine’s Day, led by a sharp 4% rebound in Bitcoin following softer-than-expected U.S. inflation data. The cooler consumer price index (CPI) print strengthened expectations of rate cuts, lifting risk assets and reinforcing Bitcoin’s growing correlation with gold, as investors rotated toward perceived inflation hedges.

The immediate technical outlook hinges on whether the price can hold above $68,000, which would open a path toward the $72,000 resistance. However, a drop below that threshold risks a retest of the $65,000 support level.

The next macro catalyst is the March 11 CPI release. Market sentiment remains split between ETF-driven outflows and improving macro conditions, with analysts watching for a sustained move above $70,000 to challenge the prevailing bearish structure.

Despite the rally, on-chain data suggests caution. One Yogita Khatri revealed that CryptoQuant estimates Bitcoin’s “ultimate” bear-market bottom near $55,000, anchored to its realised price, which has historically been a key support during downturns.

In prior cycles, Bitcoin fell 24% below realised price after the FTX collapse and 30% during the 2018 bear market, then spent four to six months forming a base. Current metrics indicate the market has not reached that capitulation phase.

Advertisement  

Moreover, holders realised $5.4 billion in daily losses when Bitcoin dropped 14% to $62,000 on February 5, the largest since March 2023. Yet monthly cumulative realised losses total 0.3 million BTC, well below the 1.1 million BTC seen at the 2022 bottom.

Meanwhile, valuation gauges such as MVRV and NUPL have not entered extreme undervaluation zones, and 55% of supply remains profitable, above the typical 45%-50% at cycle lows.

Nevertheless, CryptoQuant’s Bull Bear Market Cycle Indicator is still in a Bear Phase rather than the Extreme Bear Phase associated with durable bottoms.

TL;DR

Launch: Hyperliquid unveiled the Hyperliquid Policy Center, a Washington‑based 501(c)(4) focused on advancing clear U.S. rules for decentralized finance, funded by 1 million HYPE tokens valued at about $29 million. Leadership: The center is led by Jake Chervinsky, joined by Brad Bourque and Salah Ghazzal, forming a team with extensive experience in crypto policy, legal strategy, and DeFi market structure. Regulatory Context: The initiative arrives as Congress debates digital asset legislation, with unresolved issues like stablecoin reward treatment slowing progress and prompting DeFi platforms to increase their presence in Washington.
The Hyperliquid ecosystem is taking a decisive step into U.S. policy circles with the launch of the Hyperliquid Policy Center, a Washington‑based 501(c)(4) organization focused on advancing regulatory clarity for decentralized finance. Backed by a 1 million HYPE token contribution valued at roughly $29 million, the initiative aims to give DeFi a stronger voice at a moment when lawmakers are weighing how digital assets should fit into the country’s financial framework.

A New Advocacy Hub for Decentralized Finance The Hyperliquid Policy Center is positioned as an independent research and advocacy group dedicated to ensuring that decentralized finance can grow within the United States. Its mission includes introducing policymakers to Hyperliquid’s technology, producing technical research, and promoting practical regulatory approaches for blockchain‑based financial infrastructure. The organization highlights perpetual derivatives and onchain market structure as core areas of expertise, reflecting Hyperliquid’s role as a leading decentralized perpetual futures exchange.

Jake Chervinsky will lead the center as Founder and CEO, bringing years of experience shaping national crypto policy debates. His background includes serving as Chief Legal Officer at Variant and Chief Policy Officer at the Blockchain Association, as well as earlier work as General Counsel at Compound Labs. He is joined by Policy Counsel Brad Bourque, formerly of Sullivan & Cromwell LLP, and Policy Director Salah Ghazzal, previously Policy Lead at Variant. Together, the team aims to guide policymakers through the technical and economic implications of DeFi.

Funding From the Hyper Foundation The Hyper Foundation is providing the 1 million HYPE tokens that will fund the center’s launch. The tokens are being unstaked to support the initiative, which the foundation says will give the Hyperliquid community meaningful representation in Washington. The foundation emphasized that clear rules are essential for enabling American entrepreneurs and institutions to benefit from blockchain‑based markets.

The launch comes as Congress continues debating how to regulate digital assets. While some legislative progress has been made during President Donald Trump’s administration, unresolved issues, such as stablecoin reward treatment, have slowed broader efforts like the CLARITY Act. With major exchanges already active in Washington, Hyperliquid’s move signals a growing push from DeFi platforms to shape the rules that will govern their future.