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ePlus

shopify

Financial Analysis

PLUS

SHOP

The e-com tools and payments vertical leader — $Shopify (SHOP.US) reported Q1 2026 results pre-market on May 5. Overall, the quarter was solid.Growth and profit beat Bloomberg consensus. Excluding FX tailwinds, however, the print offered little upside vs. buy-side expectations.Guidance for next quarter showed minor blemishes. While broadly in line with Bloomberg consensus, the trajectory points to an 'inevitable' slowdown in GMV, revenue, and profit growth...

Plus500 Ltd.

Shopify 

SHOP: As AI e-comm agents ebb, is the payments leader swimming naked?

Roblox

RBLX

Hi all, this is Dolphin Research. $Roblox(RBLX.US) Q1 was a bomb, with the biggest issue being a sharp cut to growth guidance.The immediate trigger was tighter child-safety regulation across markets and regions. More fundamentally, the game content cycle has softened.Ahead of the print, close tracking of platform data had primed the market for near-term pressure. That was evident in the stock's continued weakness.However, management's guidance came in even more downbeat. While we think they have a track record of conservative, arguably sandbagged guides, the message is clear. Near-term growth visibility has deteriorated...

RBLX: Back-to-back regulatory hits at the end of a short product cycle disrupt growth cadence

Xiaomi

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1) Xiaomi Spring Launch: Key Points. $XIAOMI-W(01810.HK) The event's highlights were the SU7 refresh and progress on its AI foundation model. a) New-gen SU7: essentially a mid-cycle refresh. Exterior changes are minor, with the focus on hardware upgrades and a small price bump. On configs, the update favors the Standard and Pro trims. Across the lineup, standard kit now includes the V6s Plus super e-motor, lidar and 4D mmWave radar, NVIDIA Thor-U, the Jiaolong chassis, and front four-piston fixed calipers. Pricing-wise...

MediaAlpha

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Xiaomi Corporation

Kingsoft Office

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Xiaomi (Spring Launch): SU7 gets a quiet refresh; MiMo free for a limited time to climb the charts

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VIPS 4Q25 First Take: A warmer winter and a late Lunar New Year weighed on winter apparel sales. Management had already lowered guidance, but the actual print came in worse. Details below.1) Operating metrics turned softer: active buyers declined YoY, down by approx. 0.4 mn. With lower purchase frequency per user, order volume fell 5% YoY.A higher AOV, likely driven by product mix upgrades and SVIP contribution, barely kept GMV in positive territory. In short, all three metrics missed expectations.2) With GMV lagging, revenue fell 2.3% YoY, worse than the market’s post-cut expectation of sub-+1% growth. The company is no stranger to managing through revenue declines.Amid weak topline, tight cost control helped: total opex fell 3.7% YoY, a larger drop than revenue, with all expense lines down. As a result, profit still grew +1.7% YoY.Operating profit reached RMB 2.9 bn, beating market expectations.3) In summary, the quarter was soft, but protecting profitability is commendable. The late Lunar New Year also suggests better sales in 1Q26.Management guided next quarter revenue mid-point to +2.6% YoY, back to growth and slightly above consensus. Hence, the weak 4Q print should not be overly penalized.On shareholder returns, buybacks totaled approx. $700 mn over the past year, plus ~$250 mn in dividends, exceeding $950 mn in aggregate. That equals about 11% of current market cap.This provides solid support for the stock. The company also announced it will pay an annual dividend next year of approx. $305 mn, up 22% YoY. $Vipshops(VIPS.US)

Allstate

Imac

Vipshops

Guggenheim MSCI Global Timber

NextDecade

ON Semiconductor

Costain Group PLC

Costco Wholesale

Compass

Paymentus

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1216 | Dolphin Research Focus: 🐬 Macros/Industry. The U.S. Bureau of Labor Statistics will release on Tue a closely watched 'combined' Oct–Nov nonfarm payrolls report. Street expects -10k in Oct and +50k to +130k in Nov, with the unemployment rate rising to 4.4%–4.5%, while Gov. payrolls will be weighed by deferred exits under delayed separation plans across Oct–Nov.🐬 Single stocks. 1) $Alibaba(BABA.US) rolled out the Wanxiang 2.6 model suite...

Mirae Asset Global Investments Co., Ltd.

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Gen Digital - Rights

XPeng wins Guangzhou L3 road test permit; BABA's Tongyi Wanxiang 2.6 adds role-play capability | Daily News Recap

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The following is the FY25Q3 earnings call minutes of $Shopify (SHOP.US) organized by Dolphin Research. For earnings interpretation, please refer to &#34;Shopify: Is Imperfection Unacceptable, the Original Sin of High Valuation?&#34; 1. Review of Core Financial Information 1. Third-quarter stock-based compensation expense was $116 million, and capital expenditure was $6 million. Free cash flow for the third quarter reached $507 million, accounting for 18% of total revenue. The free cash flow profit margin for the first nine months of this year remained the same as the same period last year, at 16%; this quarter's transaction and loan losses accounted for approximately 5% of revenue...

Destiny Tech100

Paypal

Klarna

Instacart（Maplebear）

Universal

General Motors

Microsoft

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Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

Optec International, Inc.

Milestone Pharmaceuticals

Shopify (Minutes): Optimistic about the enterprise market + AI development in e-commerce

HIGH

As the most watched hot target in the current e-commerce AI field—Shopify announced its Q3 2025 financial report on the evening of November 4th, before the U.S. stock market opened. Overall, the growth performance remains quite strong, with GMV growth accelerating sequentially on a high base. However, due to a narrowing gross margin and expenses returning to an expansion cycle, the year-on-year contraction in profit margin has widened, which is not considered favorable. Specifically: 1. Strong GMV growth, the source of all exceeding expectations: GMV within the Shopify ecosystem reached $9.2 billion this quarter, up 32% year-on-year, further accelerating on the already high base of the previous quarter, significantly outperforming expectations...

First Commonwealth Financial PA

C3.AI

Planet Labs

Simplify Enhanced Income ETF

Shopify: Imperfection is Unacceptable, the Original Sin of High Valuation?

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Coca-Cola

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The following are the minutes of Coca-Cola's FY25 Q3 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Bulk Happiness from 'Fat House Water'?&#34;

Coca Cola

Coca-Cola Bottling

Columbus Acquisition

Aterian

Doubleline Shiller Cape US Equities ETF

Comcast

Ameriprise Financial

COLUMBUS ACQUISITION CORP COM USD0.0001 30/09/2025 (SUB/RIGHTS)

Coca-Cola (Minutes): The bottling system restructuring strategy is nearing completion

ePlus(PLUS.US)

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SHOP: As AI e-comm agents ebb, is the payments leader swimming naked?

RBLX: Back-to-back regulatory hits at the end of a short product cycle disrupt growth cadence

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ePlus’ AI-Era Memory Reclamation Push Might Change The Case For Investing In ePlus (PLUS)

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PLUS Investors Have Opportunity to Join ePlus inc. Fraud Investigation with the Schall Law Firm

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