Starbucks FY2026 Earnings: Profit Up 36% as China Licensing Shrinks the Balance Sheet 11%
Starbucks FY2026 net income rose 36% to $2.5B on 2% revenue growth, while licensing out China stores cut total assets 11% and goodwill by $2.1B.
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Financial Analysis
Analyze financial data and metrics to evaluate business performance and health
Uber Q3 2026: Bookings Up 20%, Revenue Up 10% — a UK Accounting Change Explains the Gap
Uber's Q3 2026 bookings rose 20% to $59.8B, revenue only 10%: a UK principal-to-agent switch cut $1.1B from revenue and costs; operating income rose 30%.
Alphabet Q3 2026: Cloud Revenue Doubles as Capex Outruns Cash Flow
Alphabet's Q3 2026 operating income rose 30% and Cloud revenue doubled, but $51.4B of capex topped cash flow, so free cash flow went negative $9.1B.
Microsoft FY2027 Q1: Azure Up 48% on Less Hardware Than Planned
Azure grew 48% while capex missed its $50B guide on delayed capacity; net income rose 32% on an OpenAI comparison, and free cash flow fell 27%.
Real vs. Nominal Dollars: Why Inflation Changes Every Multi-Year Comparison
Nominal revenue flatters — 515,000 dollars after 2.7% inflation is only about 501,400 in prior-year dollars, so convert with CPI before trusting the trend.
Anthropic IPO Filing: Q3 Compute Grew Faster Than Revenue, With $895B Committed
Anthropic's S-1/A shows Q3 revenue up 47% to $16.96B while compute rose 77%, turning a profit into a $567M operating loss against $895B of signed commitments.
Fair Value Hierarchy, Explained: How ASC 820 Ranks What Your Numbers Are Built On
ASC 820 ranks fair-value inputs in three levels — market quotes, observable inputs, unobservable models — and the lowest significant input sets the level.
The Gordon Growth Model, Explained: How One Formula Values a Dividend Stock
A dividend stock is worth next year's dividend divided by required return minus growth — the Gordon Growth Model, plus the two-stage fix.
MIRR, Explained: How the Modified Internal Rate of Return Fixes IRR's Reinvestment Fantasy
MIRR fixes IRR by compounding interim cash at a realistic reinvestment rate — a 21.7% IRR becomes an honest 17.8% you can actually earn.
Tangible Book Value, Explained: What Your Company Is Worth After Stripping Goodwill and Intangibles
Tangible book value is shareholders' equity minus goodwill and intangibles — the liquidation floor banks still trade on, read via P/TBV.
TVPI, DPI, and RVPI, Explained: The Three Money Multiples That Grade a Private Fund
TVPI always equals DPI plus RVPI: cash returned plus paper value over paid-in capital — but no multiple shows timing, so pair it with IRR.
The Relevant Range, Explained: Why Your Fixed Costs Stay Fixed Only Between Two Activity Levels
The relevant range is the activity band where fixed costs stay fixed — cross a capacity boundary and your break-even math silently breaks.