#financial-reporting
Financial Reporting
Create accurate financial reports and statements for better insights
Meta Q1 2026 Earnings: It Beat Every Number and the Stock Fell 7% Anyway
Meta Platforms' Q1 2026 revenue grew 33% to $56.3 billion and net income rose 61% to $26.8 billion, yet the stock fell about 7% after Meta raised full-year 2026 capex guidance to $125-145 billion, a $10 billion increase from the prior quarter's range.
Micron FY2026 Q3 Earnings: Revenue Rose 346%. The Cost of Making the Chips Rose 10%.
Micron's fiscal Q3 2026 revenue rose 345.7% to $41.46 billion while cost of goods sold rose only 10.5% to $6.40 billion, lifting GAAP gross margin from 37.7% to 84.6% and net income to $28.24 billion — a margin built on DRAM pricing, not cost structure, in a business that posted a negative 9.1% gross margin as recently as FY2023.
MiniMax FY2025 Earnings: $79M in Revenue, and a $1.9 Billion Loss That Isn't What It Looks Like
MiniMax's first annual report as a listed company shows FY2025 revenue of $79.0M (+158.9% YoY) and gross margin up to 25.4%, alongside an IFRS net loss of $1.87B — but $1.59B of that loss is a non-cash fair-value remeasurement of convertible redeemable preferred shares that converted to equity at the January 9, 2026 Hong Kong listing. Adjusted net loss grew only 2.7%, from $244.2M to $250.9M. A public Beancount ledger of FY2022–FY2025 shows exactly where the paper loss sits and why it disappears in FY2026.
NVIDIA Q1 FY2027: $81.6B Revenue, and $15.9B of Net Income That Isn't From Chips
NVIDIA's Q1 FY2027 revenue hit $81.6B (+85% YoY) and net income $58.3B (+211%), but $15.9B of that profit came from marking up its equity portfolio, not selling chips — core net income is closer to $42.4B. The quarter also retired the five-segment breakout for two platforms, Data Center (92% of revenue) and Edge Computing. Full income statement and balance sheet, FY2024–Q1 FY2027, in a public Beancount ledger.
Palantir Q1 2026 Earnings: An 85% Growth Rate, a 53% Net Margin, and a Balance Sheet That Still Says It Has Never Made Money
Palantir's Q1 2026 revenue grew 84.7% to $1.633 billion while total costs grew only 24%, lifting operating margin to 46.2% and net margin to 53.7% — a net margin that exceeds the operating margin because interest income adds $134.6 million and the effective tax rate is just 1.4%, against an accumulated deficit that still stands at $2.69 billion.
Robinhood Q1 2026 Earnings: Prediction Markets Just Overtook Crypto — and the Stock Got Punished Anyway
Robinhood's Q1 2026 revenue grew 15% to $1.07 billion and missed consensus, as a 47% collapse in crypto revenue was nearly offset by 320% growth in event-contracts (prediction market) revenue, which overtook crypto as a transaction-revenue line for the first time.
Tesla Q1 2026: Margins Hit a 5-Quarter High While Deliveries Keep Falling — and a New $25B+ Capex Guide Rattled the Stock
Tesla's Q1 2026 revenue reached $22.4 billion (+16% YoY) with automotive gross margin hitting a 5-quarter high of 19.2% ex-regulatory-credits, but a capex guidance raise to over $25 billion and a $2.0 billion SpaceX equity stake sent the stock down 3.56% despite the earnings beat. Full income statement and balance sheet, FY2021-Q1 2026, in a public Beancount ledger.
Airbnb FY2025 Earnings: A $12 Billion Platform Pays Full Price for Its Second Act
Airbnb closed FY2025 with $12.2B revenue (+10.3%), $2.5B net income, and a net margin down 3.4 points as it funded services, experiences, and hotels while repurchasing $3.8B in stock. A bull-vs-bear analysis backed by an open double-entry Beancount ledger covering FY2023 through Q1 2026.
FASB ASU 2024-03: What the New Expense Disaggregation Disclosure Rule Means for Your Business
FASB's ASU 2024-03 (nicknamed DISE) requires public companies to break income statement expenses like compensation, depreciation, and inventory purchases into footnote detail starting with fiscal years after December 15, 2026, and private companies preparing for a sale, loan, or IPO should get their chart of accounts ready now.
Microsoft FY2026 Q3: Azure Hits 40% Growth as the $190 Billion Capex Bet Compounds
Microsoft's FY2026 Q3 revenue rose 18.3% to $82.9B with net income up 23.1% to $31.8B, while Azure re-accelerated to 40% growth — but gross margin compressed for a third straight quarter (69.1% → 68.0% → 67.6%) as capex tracks toward $190B for calendar 2026. Full income statement and balance sheet, FY2020–FY2026 Q3, in a public Beancount ledger.
SpaceX's First Public Earnings: Starlink's $11.4B Profit Machine Is Bankrolling a $6.4B AI Bet
SpaceX's IPO filing shows FY2025 revenue of $18.7B (+33%) and a $4.9B net loss — Starlink earned a $4.4B operating profit at a 38.8% margin while the AI segment (X and xAI) lost $6.4B on $3.2B of revenue and consumed $12.7B of capex. A bull-vs-bear analysis backed by an open double-entry Beancount ledger covering FY2023 through Q1 2026.
Accounting for Vendor Rebates and Trade Spend Under ASC 606
Under ASC 606, cash rebates, slotting fees, and co-op advertising payments to a customer almost always reduce revenue rather than count as a marketing expense, unless the payment buys a distinct good or service at fair value.