CarMax FY2027 Q2: $1.16 EPS on Cars Sold Cheaper
CarMax's FY2027 Q2 diluted EPS rose 81% to $1.16 on 19.5% revenue growth, but gross profit per used car fell $111 and CAF supplied 61% of pretax income.
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Financial Statements
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Darden FY2027 Q1 Earnings: The $3.2B Quarter Where LongHorn Carried Olive Garden
Darden's Q1 FY2027 sales rose 5.1% to $3.2B as LongHorn comped 6.2% and Olive Garden 1.1%; adjusted EPS grew 4.1% while buybacks ran on short-term debt.
Ciena FY2026 Q3 Earnings: $1.67B Revenue (+37%) and Two Cloud Customers Buying 41.7% of It
Ciena's Q3 FY2026 revenue rose 37% to $1.671B and operating margin hit 18%, but two unnamed cloud providers bought 41.7% of it — $696M in one quarter.
Klarna Q2 2026 Earnings: $9M of Profit, a $69M Loan-Sale Gain and an $11.7B Deposit Base
Klarna earned $9M in Q2 2026 on $1.04B of revenue, but a $69M loan-sale gain did the work; $11.7B of deposits equal 120% of its $9.8B loan book.
Nubank Q2 2026 Earnings: The First $1B Quarter, 139M Customers and a 22.9% Net Interest Margin
Nubank earned $1.06B in Q2 2026, its first $1B quarter: 138.9M customers at a $1 monthly cost to serve, a 22.9% NIM and $6.59B of loss allowances.
Compilation, Review, or Audit: Which Financial Statement Service Does Your Bank Loan Actually Require?
Compilations format numbers with zero assurance, reviews add limited assurance, audits test them — match the service to your loan covenant before you pay.
Regulation A+ Tier 2, Explained: How Your Company Can Raise Up to $75 Million From Anyone
Reg A+ Tier 2 lets companies raise up to $75M a year from anyone — if they file Form 1-A, pass a two-year audit, and keep reporting to the SEC.
FRF for SMEs: The AICPA's Simpler Alternative to GAAP
FRF for SMEs is the AICPA's accrual framework for owner-managed firms: amortized goodwill, no VIE analysis, no ASC 842. Check loan covenants first.
The Equity Method of Accounting, Explained: How to Book a 20–50% Ownership Stake
Under ASC 323, dividends from a 20–50% stake are not income — they reduce the investment. Here are the three journal entries and the basis-difference trap.
The Three Liquidity Ratios Lenders Check Before Approving Your Loan
Lenders judge a loan application on three numbers — current ratio (1.5+ adequate, under 1.0 a red flag), quick ratio above 1.0, and a DSCR of at least 1.15x for SBA 7(a) and 504 loans.
The Beneish M-Score: How to Spot Earnings Manipulation Before You Lend, Invest, or Acquire
The Beneish M-Score combines eight financial-statement ratios into one score that flags likely earnings manipulators above −1.78; here is what each variable catches and how to use it in lending and acquisition due diligence.
AI Built Your Financial Model in Minutes — Here's How to Catch Its Errors Before Investors Do
62% of financial services professionals say an AI-generated error has already reached a client. A 12-step review checklist for AI-built financial models, covering hidden sheets, external links, hard-coded "dead numbers", formula drift, balance-sheet plugs, over-depreciation, and error checks that only validate the first forecast period.