Guidance+1
Current guidance was classified as raised.
Low confidenceSEC filings and exhibits only
Earnings filing (8-K) · Latest 10-Q filings
Last updated: Aug 25, 2026 at 4:33 AM UTC
Earnings filing (8-K) · Latest 10-Q filings
Last updated: Aug 25, 2026 at 4:33 AM UTC
ACCOUNTING RISK · CLEAR
No auditor changes, restatements, late filings, or listing notices in the last 12 months.
from SEC filings · 2026-10-09
Thesis change
Strengthened
Legacy analysis
Legacy analysis: only the dimensions classifiable by the pre-v1 pipeline are shown.
- Legacy analysis: scored by the pre-v1 pipeline; deep evidence has not been re-verified.
Reported facts
GAAP facts are reported by the company. Comparable figures are EarnIQ arithmetic using only quantified adjustments disclosed in the linked SEC exhibit.
Reported EPS and revenue have not yet been extracted from the filing.
1. Three decisive changes
Largest quantified changes versus the company's own history.
+1894.7%
Operating income — year over year
$758.0M vs $38.0M a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
+429.9%
Net income — year over year
$816.0M vs $154.0M a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
+58.8%
Revenue — year over year
$3.6B vs $2.3B a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
2. Was it already expected?
Consensus classifications require timestamped pre-report snapshots and eight-quarter surprise history.
| Item | Actual | Expected | Gap | Class |
|---|---|---|---|---|
| Consensus comparison coming soon. | ||||
3. Management consistency
Only attributable, measurable and dated commitments are counted. Delivery record: Not available.
| Promise | Target | Outcome | Status | Evidence |
|---|---|---|---|---|
| No measurable, dated management promises have been verified for this record. | ||||
4. What matters next
One deciding measurable condition plus up to two supporting checkpoints.
No source-backed deciding threshold is available yet.
Management raised full-year 2026 revenue growth to at least mid-teens and full-year Adjusted EBITDA Margin to at least 35.5%, while providing Q3 revenue guidance of $4.69 billion to $4.77 billion.
5. Risks that changed
New or materially worsened items only; unchanged boilerplate is omitted.
No new or materially worsened risk has been source-verified.
From 10-K filings · EDGAR
10
new risk disclosures added
10
old ones removed
FY2025 10-K vs prior year, boilerplate filtered out — these are idiosyncratic changes, and tone is about unchanged.
New risk disclosure #1
“• potential accounting charges to the extent goodwill and intangible assets recorded in connection with an acquisition, such as trademarks, customer relationships, or intellectual property, are later determined to be imp…”
New risk disclosure #2
“Item 1A. Risk Factors Our business, operations, and financial results are subject to various risks and uncertainties, including those described below, that could materially adversely affect our business, results of opera…”
New risk disclosure #3
“• sales or expected sales of our Class A common stock by us, our officers, directors, principal stockholders, and employees. In addition, stock markets, and the trading of travel companies’ and technology companies’ stoc…”
6. Evidence drawer
Source location, short anchor and visible arithmetic for every verified claim.
DC1 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Operating income · quarter ended 2026-06-30Operating income: +1894.7% year over year
(758,000,000 − 38,000,000) ÷ 38,000,000 = +1894.7% YoYDC2 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Net income · quarter ended 2026-06-30Net income: +429.9% year over year
(816,000,000 − 154,000,000) ÷ 154,000,000 = +429.9% YoYDC3 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Revenue · quarter ended 2026-06-30Revenue: +58.8% year over year
(3,608,000,000 − 2,272,000,000) ÷ 2,272,000,000 = +58.8% YoY