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Quiver Quantitative
BREAKING: The Quiver Quantitative site just made an appearance in Congress.
Jasmine Crockett attacked Marjorie Taylor Greene for Palantir stock purchases.
See here: https://t.co/FEYMEaOZiR
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BREAKING: The Quiver Quantitative site just made an appearance in Congress.
Jasmine Crockett attacked Marjorie Taylor Greene for Palantir stock purchases.
See here: https://t.co/FEYMEaOZiR
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Wall St Engine
$BROS | Dutch Bros Q1'25 Earnings Highlights
🔹 Revenue: $355.2M (Est. $344.4M) 🟢; +29% YoY
🔹 Adj. EPS: $0.14 (Est. $0.11) 🟢
🔹 Oper. Income: $31.1M (Est. $26.8M) 🟢
🔹 Adj. EBITDA: $62.9M; +19.7% YoY
FY25 Guide
🔹 Revenue: $1.555B–$1.575B (Est. $1.584B) 🔴
🔹 Adj. EBITDA: $265M–$275M 🟡
🔹 Same Shop Sales Growth: 2%–4%
🔹 CapEx: $240M–$260M
🔹 Shop Openings: At least 160 total system shops
Q1 Same Shop Sales & Traffic
🔹 System Same Shop Sales: +4.7% YoY
🔹 System Transaction Growth: +1.3% YoY
🔹 Company-Operated Same Shop Sales: +6.9% YoY
🔹 Company-Operated Transaction Growth: +3.7% YoY
Q1 Operational Highlights
🔹 Total Shops Opened in Q1: 30 (25 Company-Operated)
🔹 Company-Operated Revenue: $326.4M; +31.6% YoY
🔹 Company-Operated Gross Margin: 21.9% (flat YoY)
🔹 Company-Operated Contribution Margin: 29.4% (DOWN -40 bps YoY)
🔹 Adj. SG&A: $53.5M (15.1% of revenue) vs. $40.4M YoY (14.7%)
CEO Christine Barone
🔸 “We started 2025 on a high note with 29% revenue growth and accelerating transaction trends. Our brand continues to resonate, and we’re confident in our long-term growth roadmap.”
CFO Josh Guenser
🔸 “Strong unit economics and positive transaction momentum position us to navigate macro challenges effectively. Our outlook for revenues and adjusted EBITDA is trending toward the top half of our prior ranges.”
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$BROS | Dutch Bros Q1'25 Earnings Highlights
🔹 Revenue: $355.2M (Est. $344.4M) 🟢; +29% YoY
🔹 Adj. EPS: $0.14 (Est. $0.11) 🟢
🔹 Oper. Income: $31.1M (Est. $26.8M) 🟢
🔹 Adj. EBITDA: $62.9M; +19.7% YoY
FY25 Guide
🔹 Revenue: $1.555B–$1.575B (Est. $1.584B) 🔴
🔹 Adj. EBITDA: $265M–$275M 🟡
🔹 Same Shop Sales Growth: 2%–4%
🔹 CapEx: $240M–$260M
🔹 Shop Openings: At least 160 total system shops
Q1 Same Shop Sales & Traffic
🔹 System Same Shop Sales: +4.7% YoY
🔹 System Transaction Growth: +1.3% YoY
🔹 Company-Operated Same Shop Sales: +6.9% YoY
🔹 Company-Operated Transaction Growth: +3.7% YoY
Q1 Operational Highlights
🔹 Total Shops Opened in Q1: 30 (25 Company-Operated)
🔹 Company-Operated Revenue: $326.4M; +31.6% YoY
🔹 Company-Operated Gross Margin: 21.9% (flat YoY)
🔹 Company-Operated Contribution Margin: 29.4% (DOWN -40 bps YoY)
🔹 Adj. SG&A: $53.5M (15.1% of revenue) vs. $40.4M YoY (14.7%)
CEO Christine Barone
🔸 “We started 2025 on a high note with 29% revenue growth and accelerating transaction trends. Our brand continues to resonate, and we’re confident in our long-term growth roadmap.”
CFO Josh Guenser
🔸 “Strong unit economics and positive transaction momentum position us to navigate macro challenges effectively. Our outlook for revenues and adjusted EBITDA is trending toward the top half of our prior ranges.”
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Wall St Engine
$FTNT | Fortinet Q1'25 Earnings Highlights
🔹 Revenue: $1.54B (Est. $1.54B) 🟡; +14% YoY
🔹 Adj. EPS: $0.58 (Est. $0.53) 🟢
🔹 Billings: $1.60B; +14% YoY
Q2'25 Guidance
🔹 Revenue: $1.59B–$1.65B (Est. $1.63B) 🟡
🔹 EPS: $0.58–$0.60 (Est. $0.58) 🟢
🔹 Billings: $1.685B–$1.765B
🔹 Non-GAAP Operating Margin: 31.5%–32.5%
🔹 Gross Margin: 80%–81%
FY2025 Guidance
🔹 Revenue: $6.65B–$6.85B (Est. $6.76B) 🟡
🔹 EPS: $2.43–$2.49 (Est. $2.47) 🟡
🔹 Service Revenue: $4.575B–$4.725B
🔹 Billings: $7.2B–$7.4B
🔹 Non-GAAP Operating Margin: 31.5%–33.5%
🔹 Gross Margin: 79%–81%
ARR Metrics
🔹 Unified SASE ARR: $1.15B; +26% YoY
🔹 Security Operations ARR: $434.5M; +30% YoY
Other Key Q1 Metrics:
🔹 Product Revenue: $459M; +12% YoY
🔹 Service Revenue: $1.08B; +14% YoY
🔹 GAAP Operating Margin: 29% (Record Q1)
🔹 Non-GAAP Operating Margin: 34% (Record Q1)
🔹 Free Cash Flow: $783M; +29% YoY
Profitability
🔹 GAAP Net Income: $433.4M (vs. $299.3M YoY)
🔹 Non-GAAP Net Income: $452.3M (vs. $333.9M YoY)
🔹 GAAP EPS: $0.56 (vs. $0.39 YoY)
🔹 Non-GAAP EPS: $0.58 (vs. $0.43 YoY)
Cash Flow
🔹 Operating Cash Flow: $863M
🔹 Free Cash Flow: $783M
CEO Commentary – Ken Xie
🔸 “Non-GAAP operating margin hit a Q1 record of 34%. We’re accelerating investments into Unified SASE and Security Operations while strengthening our Secure Networking leadership. Our AI-driven innovation and FortiOS integration continue to drive differentiation.”
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$FTNT | Fortinet Q1'25 Earnings Highlights
🔹 Revenue: $1.54B (Est. $1.54B) 🟡; +14% YoY
🔹 Adj. EPS: $0.58 (Est. $0.53) 🟢
🔹 Billings: $1.60B; +14% YoY
Q2'25 Guidance
🔹 Revenue: $1.59B–$1.65B (Est. $1.63B) 🟡
🔹 EPS: $0.58–$0.60 (Est. $0.58) 🟢
🔹 Billings: $1.685B–$1.765B
🔹 Non-GAAP Operating Margin: 31.5%–32.5%
🔹 Gross Margin: 80%–81%
FY2025 Guidance
🔹 Revenue: $6.65B–$6.85B (Est. $6.76B) 🟡
🔹 EPS: $2.43–$2.49 (Est. $2.47) 🟡
🔹 Service Revenue: $4.575B–$4.725B
🔹 Billings: $7.2B–$7.4B
🔹 Non-GAAP Operating Margin: 31.5%–33.5%
🔹 Gross Margin: 79%–81%
ARR Metrics
🔹 Unified SASE ARR: $1.15B; +26% YoY
🔹 Security Operations ARR: $434.5M; +30% YoY
Other Key Q1 Metrics:
🔹 Product Revenue: $459M; +12% YoY
🔹 Service Revenue: $1.08B; +14% YoY
🔹 GAAP Operating Margin: 29% (Record Q1)
🔹 Non-GAAP Operating Margin: 34% (Record Q1)
🔹 Free Cash Flow: $783M; +29% YoY
Profitability
🔹 GAAP Net Income: $433.4M (vs. $299.3M YoY)
🔹 Non-GAAP Net Income: $452.3M (vs. $333.9M YoY)
🔹 GAAP EPS: $0.56 (vs. $0.39 YoY)
🔹 Non-GAAP EPS: $0.58 (vs. $0.43 YoY)
Cash Flow
🔹 Operating Cash Flow: $863M
🔹 Free Cash Flow: $783M
CEO Commentary – Ken Xie
🔸 “Non-GAAP operating margin hit a Q1 record of 34%. We’re accelerating investments into Unified SASE and Security Operations while strengthening our Secure Networking leadership. Our AI-driven innovation and FortiOS integration continue to drive differentiation.”
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Wall St Engine
Trump’s teased “very big announcement” looks to be a Medicare drug pricing overhaul. Per Politico, he's planning to revive the "most favored nation" model—tying U.S. drug costs to lower international prices. Could be a major swing at Big Pharma ahead of Monday’s reveal. https://t.co/rwXwV8uVTA
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Trump’s teased “very big announcement” looks to be a Medicare drug pricing overhaul. Per Politico, he's planning to revive the "most favored nation" model—tying U.S. drug costs to lower international prices. Could be a major swing at Big Pharma ahead of Monday’s reveal. https://t.co/rwXwV8uVTA
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Dimitry Nakhla | Babylon Capital®
MercadoLibre $MELI Reports a Strong Q1 🎯
✅ Rev: $5.93B vs $5.52B (est) | +37% YoY
✅ EPS: $9.74 vs $8.27 (est) | +44% YoY
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🏷️ GMV: $13.3B | +17% YoY
🧾 Items Sold: 492.2M | +28% YoY
💸 Total TPV: $58.3B | +43% YoY
📲 Fintech MAU: 64.3M | +31% YoY https://t.co/kNTMzECQOj
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MercadoLibre $MELI Reports a Strong Q1 🎯
✅ Rev: $5.93B vs $5.52B (est) | +37% YoY
✅ EPS: $9.74 vs $8.27 (est) | +44% YoY
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🏷️ GMV: $13.3B | +17% YoY
🧾 Items Sold: 492.2M | +28% YoY
💸 Total TPV: $58.3B | +43% YoY
📲 Fintech MAU: 64.3M | +31% YoY https://t.co/kNTMzECQOj
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Wall St Engine
RT @wallstengine: Happy FOMC Day to those who celebrate!
The Fed’s widely expected to stay put at 2PM ET, and they'll probably do their best not to stir up any headlines during the 2:30PM press conference. https://t.co/Bmkq4DUJoK
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RT @wallstengine: Happy FOMC Day to those who celebrate!
The Fed’s widely expected to stay put at 2PM ET, and they'll probably do their best not to stir up any headlines during the 2:30PM press conference. https://t.co/Bmkq4DUJoK
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Wall St Engine
$UBER CEO says Waymo is “definitely the leader” in the autonomous race—sharing that 100 Waymo vehicles in Austin are completing more trips per day than 99% of human drivers. Plans are in motion to scale to hundreds of cars in Austin before launching in Atlanta later this year. https://t.co/21ToCPblXL
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$UBER CEO says Waymo is “definitely the leader” in the autonomous race—sharing that 100 Waymo vehicles in Austin are completing more trips per day than 99% of human drivers. Plans are in motion to scale to hundreds of cars in Austin before launching in Atlanta later this year. https://t.co/21ToCPblXL
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Wall St Engine
U.S. March consumer credit rose $10.2B, a bit above the $9.4B expected—the biggest monthly gain in 3 months. Still, with Jan and Feb, Q1 was the weakest quarter for borrowing in a year. Revolving credit (mainly credit cards) was up just $1.9B, while non-revolving rose $8.3B. https://t.co/1CnnwJBwmE
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U.S. March consumer credit rose $10.2B, a bit above the $9.4B expected—the biggest monthly gain in 3 months. Still, with Jan and Feb, Q1 was the weakest quarter for borrowing in a year. Revolving credit (mainly credit cards) was up just $1.9B, while non-revolving rose $8.3B. https://t.co/1CnnwJBwmE
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