Technology
Broadridge Reports Third Quarter Fiscal 2026 Results
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14 hours agoon
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Recurring revenues grew 7%; up 6% constant currency
Diluted EPS rose 15% to $2.36 and Adjusted EPS grew 11% to $2.72
Raising FY’26 guidance for Recurring revenue growth constant currency to
At or above 7% and Adjusted EPS growth to 10-12%
NEW YORK, April 30, 2026 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the third quarter ended March 31, 2026 of its fiscal year 2026. Results compared with the same period last year were as follows:
Summary Financial Results
Third Quarter
Nine Months
Dollars in millions, except per share data
2026
2025
Change
2026
2025
Change
Recurring revenues
$1,288
$1,204
7 %
$3,336
$3,084
8 %
Constant currency growth (Non-GAAP)
6 %
7 %
Total revenues
$1,954
$1,812
8 %
$5,257
$4,824
9 %
Operating income
$359
$345
4 %
$754
$690
9 %
Margin
18.4 %
19.0 %
14.3 %
14.3 %
Adjusted Operating income (Non-GAAP)
$421
$405
4 %
$937
$853
10 %
Margin (Non-GAAP)
21.5 %
22.4 %
17.8 %
17.7 %
Diluted EPS
$2.36
$2.05
15 %
$6.18
$3.93
57 %
Adjusted EPS (Non-GAAP)
$2.72
$2.44
11 %
$5.81
$5.00
16 %
Closed sales
$58
$71
(19 %)
$147
$174
(16 %)
“Broadridge delivered strong third quarter results, including 6% Recurring revenue growth constant currency and 11% Adjusted EPS growth, powered by strong equity and fund position growth and higher trading volumes,” said Tim Gokey, Broadridge CEO.
“We are executing on our strategy to democratize and digitize governance, simplify and innovate trading in capital markets, and modernize wealth management. At the same time, we are putting in place the building blocks of future growth by leading in tokenization, driving the digitization of communications, and scaling AI,” Mr. Gokey noted.
“Broadridge is on track to deliver another year of strong financial performance. We are raising our fiscal 2026 outlook for Recurring revenue growth constant currency to At or above 7% and increasing our Adjusted EPS growth guidance to 10% to 12%. As a result, we are set to deliver on our long-term targets for top- and bottom-line growth for the three-year period ending in fiscal 2026,” he concluded.
Fiscal Year 2026 Financial Guidance
FY’26 Guidance
Updates
Recurring revenue growth constant currency (Non-GAAP)
At or above 7%
Raised from higher end
of 5 – 7%
Adjusted Operating income margin (Non-GAAP)
20 – 21%
No Change
Adjusted Earnings per share growth (Non-GAAP)
10 – 12%
Raised from 9 – 12%
Closed sales
$240 – $290M
Revised from $290 –
$330M
Financial Results for Third Quarter Fiscal Year 2026 compared to Third Quarter Fiscal Year 2025
Total revenues increased 8% to $1,954 million from $1,812 million.Recurring revenues increased $84 million, or 7%, to $1,288 million. Recurring revenue growth constant currency (Non-GAAP) was 6%, driven by organic growth in Investor Communication Solutions (“ICS”) and Global Technology and Operations (“GTO”) and acquisitions in ICS.Event-driven revenues increased $20 million, or 38%, to $73 million, from a combination of higher mutual fund proxy revenues and higher equity and other revenues.Distribution revenues increased $38 million, or 7%, to $593 million, driven primarily by the postage rate increase of approximately $34 million.Operating income was $359 million, an increase of $15 million, or 4%. Operating income margin decreased to 18.4%, compared to 19.0% for the prior year period.Adjusted Operating income was $421 million, an increase of $15 million, or 4%. Adjusted Operating income margin was 21.5% compared to 22.4% for the prior year period. The combination of higher distribution revenue and higher float income negatively impacted margins by 80 basis points.Interest expense, net was $25 million, a decrease of $6 million, primarily due to lower average borrowings and lower borrowing costs.The effective tax rate was 18.9% compared to 21.8% in the prior year period. The change in effective tax rate for the three months ended March 31, 2026 was primarily driven by an increase in discrete tax benefits.Net earnings increased 14% to $276 million and Adjusted Net earnings increased 10% to $318 million.Diluted earnings per share increased 15% to $2.36, compared to $2.05 in the prior year period, andAdjusted earnings per share increased 11% to $2.72, compared to $2.44 in the prior year period.
Segment and Other Results for Third Quarter Fiscal Year 2026 compared to Third Quarter Fiscal Year 2025
ICS
Total revenues were $1,465 million, an increase of $118 million, or 9%.Recurring revenues increased $60 million, or 8%, to $800 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by 4pts of Internal Growth, 2pts of Net New Business, and 1pt from acquisitions.By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:Regulatory rose 9% and 9%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 6%.Data-driven fund solutions rose 9% and 8%, respectively, driven by growth in data and analytics revenues and the acquisitions of Acolin Group Holdco Limited (“Acolin”) and LDI-MAP, LLC (“iJoin”).Issuer rose 8% and 8%, respectively, driven by growth in disclosure solutions and shareholder engagement solutions.Customer communications rose 5% and 5%, respectively, driven by growth in digital revenues, as well as the acquisition of Signal Agency Limited (“Signal”).Event-driven revenues increased $20 million, or 38%, to $73 million, from a combination of higher mutual fund proxy revenues and higher equity and other revenues.Distribution revenues increased $38 million, or 7%, to $593 million, driven primarily by the postage rate increase of approximately $34 million.Earnings before income taxes increased by $17 million, or 6%, to $309 million, driven by higher Recurring revenue and Event-driven revenues. Operating expenses rose 10%, or $101 million, to $1,156 million driven by higher distribution expenses, volume-related expenses and the impact of acquisitions and investments.Pre-tax margins decreased to 21.1% from 21.7%.
GTO
Recurring revenues were $488 million, an increase of $24 million, or 5%. Recurring revenue growth constant currency (Non-GAAP) was 3%, all organic.By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:Capital Markets rose 2% and (0)%, respectively, primarily driven by 4pts of revenue from new sales, which was partially offset by a 3pt decrease in internal growth. The benefit of higher trading volumes was offset by lower software term license revenue, which negatively impacted organic growth by 6pts.Wealth and Investment Management rose 10% and 8%, respectively, driven by 8pts from internal growth, which benefitted from higher trading volumes.Earnings before income taxes were $85 million, an increase of $15 million, or 21%, as higher revenues more than offset higher expenses.Pre-tax margins increased to 17.5% from 15.2%.
Corporate and Other
Loss before income taxes was $54 million compared to Loss before income taxes of $52 million in the prior year period, primarily due to higher technology costs which more than offset a $6 million decline in Interest expense, net and a Gain on Digital Assets of $6 million.
Financial Results for Nine Months Fiscal Year 2026 compared to the Nine Months Fiscal Year 2025
Total revenues increased 9% to $5,257 million from $4,824 million.Recurring revenues increased $251 million, or 8%, to $3,336 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by organic growth and acquisitions in ICS and GTO.Event-driven revenues increased $37 million, or 15%, to $277 million, driven by higher equity and other communications, as well as mutual fund proxy revenues.Distribution revenues increased $145 million, or 10%, to $1,644 million, primarily driven by the postage rate increases of approximately $91 million and higher volumes.Operating income was $754 million, an increase of $64 million, or 9%. Operating income margin was flat at 14.3%, compared to 14.3% for the prior year period.Adjusted Operating income was $937 million, an increase of $84 million, or 10%. Adjusted Operating income margin was 17.8% compared to 17.7% for the prior year period. The combination of higher distribution revenue and higher float income negatively impacted margins by 50 basis points.Interest expense, net was $73 million, a decrease of $23 million, primarily due to lower average borrowings and lower borrowing costs.The effective tax rate was 21.4% compared to 20.8% in the prior year period. The change in effective tax rate for the nine months ended March 31, 2026 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.Net earnings increased 56% to $726 million and Adjusted Net earnings increased 15% to $683 million.Diluted earnings per share increased 57% to $6.18, compared to $3.93 in the prior year period, andAdjusted earnings per share increased 16% to $5.81, compared to $5.00 in the prior year period.
Segment and Other Results for Nine Months Fiscal Year 2026 compared to Nine Months Fiscal Year 2025
ICS
Total revenues were $3,828 million, an increase of $316 million, or 9%.Recurring revenues increased $134 million, or 8%, to $1,907 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 3pts of Net New Business, 3pts of Internal Growth and 1pt from acquisitions.By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:Regulatory rose 10% and 10%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 7%.Data-driven fund solutions rose 4% and 3%, respectively, driven by growth in data and analytics revenues as well as the acquisitions of Acolin and iJoin.Issuer rose 7% and 7%, respectively, driven by growth in shareholder engagement solutions and disclosure solutions.Customer communications rose 6% and 6%, respectively, driven by growth in digital and print revenues, as well as the acquisition of Signal.Event-driven revenues increased $37 million, or 15%, to 277 million, driven by higher equity and other communications, as well as mutual fund proxy revenues.Distribution revenues increased $145 million, or 10%, to $1,644 million, primarily driven by postage rate increases of approximately $91 million and higher volumes.Earnings before income taxes increased by $9 million, or 2%, to $573 million. The earnings benefit from higher Recurring revenue and Event-driven revenue was partially offset by higher Operating expenses. Operating expenses rose 10%, or $307 million, to $3,256 million driven by distribution expenses, as well as other volume-related expenses and the impact of acquisitions.Pre-tax margins decreased to 15.0% from 16.0%.
GTO
Recurring revenues were $1,428 million, an increase of $117 million, or 9%. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 5pts of organic growth and 2pts from the acquisition of Kyndryl’s Securities Industries Services business (“SIS”).By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:Capital Markets rose 6% and 4%, respectively, primarily driven by 4pts of revenue from new sales and 1pt of Internal Growth. Internal Growth included 2pts from digital asset revenues, offset by 2pts from lower software term license revenue.Wealth and Investment Management rose 14% and 13%, respectively, driven by 7pts from the SIS acquisition and 7pts of organic growth.Earnings before income taxes were $230 million, an increase of $63 million, or 37%, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.Pre-tax margins increased to 16.1% from 12.8%.
Corporate and Other
Earnings before income taxes were $121 million compared to Loss before income taxes of $144 million in the prior year period, primarily due to a Gain on Digital Assets of $244 million and a $23 million decline in Interest expense, net.
Subsequent Event
On April 30, 2026, the Company completed the acquisition of CQG, Inc. (“CQG”). CQG is a Denver-based execution management system provider to futures and options market participants. The total purchase price was approximately $173 million plus additional contingent consideration. CQG will be included in the Company’s GTO reportable segment.
Earnings Conference Call
An analyst conference call will be held today, April 30, 2026 at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the live event and access the slide presentation, visit Broadridge’s Investor Relations website at www.broadridge-ir.com prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419. A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations site. Through May 7, 2026, the recording will also be available by dialing 1-855-669-9658 within the United States or 1-412-317-0088 for international callers, using passcode 9736199 for either dial-in number.
Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures
The Company’s results in this press release are presented in accordance with U.S. GAAP except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures (“Non-GAAP”). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company’s reported results.
The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company’s business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors’ understanding of the Company’s operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company’s Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation.
Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings and Adjusted Earnings Per Share
These Non-GAAP measures are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items:
(i) Amortization of Acquired Intangibles and Purchased Intellectual Property, which represent non-cash amortization expenses associated with the Company’s acquisition activities.
(ii) Acquisition and Integration Costs, which represent certain transaction and integration costs associated with the Company’s acquisition activities.
(iii) Restructuring and Other Related Costs, which represent costs associated with the Company’s Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company’s management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas, in addition to other restructuring activities.
(iv) Gains or Losses on Digital Assets, which represents the mark to market gain or loss recorded to remeasure the Company’s digital asset holdings in the form of Canton Coins to fair market value, in addition to the realized and unrealized gains or losses associated with the Company’s contribution of Canton Coins to Canton Strategic Holdings, Inc. and the associated mark to market gain or loss recorded to remeasure the previously held Digital Asset Loan Receivable and Warrants to fair market value.
We exclude Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance.
We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company’s capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets.
Free cash flow
In addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities less Capital expenditures as well as Software purchases and capitalized internal use software.
Recurring revenue growth constant currency
As a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed “on a constant currency basis,” is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods.
Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year.
Forward-Looking Statements
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning, are forward-looking statements. In particular, information appearing in the “Fiscal Year 2026 Financial Guidance” section and statements about our three-year objectives are forward-looking statements.
These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended June 30, 2025 (the “2025 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2025 Annual Report.
These risks include:
changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge;Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms;a material security breach or cybersecurity attack affecting the information of Broadridge’s clients;declines in participation and activity in the securities markets;the failure of Broadridge’s key service providers to provide the anticipated levels of service;a disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services;overall market, economic and geopolitical conditions and their impact on the securities markets;the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;Broadridge’s failure to keep pace with changes in technology and demands of its clients;competitive conditions;Broadridge’s ability to attract and retain key personnel; andthe impact of new acquisitions and divestitures.
There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.
Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries. For more information about us, please visit www.broadridge.com.
Contact Information
Investors
broadridgeir@broadridge.com
Media
Gregg.rosenberg@broadridge.com
Condensed Consolidated Statements of Earnings
(Unaudited)
In millions, except per share amounts
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
2026
2025
Revenues
$ 1,953.6
$ 1,811.7
$ 5,256.9
$ 4,823.7
Operating expenses:
Cost of revenues
1,326.7
1,235.9
3,733.8
3,456.7
Selling, general and administrative expenses
267.4
230.9
768.8
677.1
Total operating expenses
1,594.1
1,466.8
4,502.6
4,133.8
Operating income
359.5
344.9
754.3
689.9
Interest expense, net
(25.1)
(31.1)
(73.1)
(96.1)
Other non-operating income (expenses), net
6.2
(2.8)
242.7
(6.6)
Earnings before income taxes
340.6
310.9
923.9
587.2
Provision for income taxes
64.3
67.8
197.7
121.9
Net earnings
$ 276.3
$ 243.1
$ 726.2
$ 465.3
Basic earnings per share
$ 2.38
$ 2.07
$ 6.22
$ 3.97
Diluted earnings per share
$ 2.36
$ 2.05
$ 6.18
$ 3.93
Weighted-average shares outstanding:
Basic
116.3
117.2
116.7
117.1
Diluted
117.0
118.5
117.6
118.3
Amounts may not sum due to rounding.
Condensed Consolidated Balance Sheets
(Unaudited)
In millions, except per share amounts
March 31,
2026
June 30,
2025
Assets
Current assets:
Cash and cash equivalents
$ 304.8
$ 561.5
Accounts receivable, net of allowance for doubtful accounts of
$14.8 and $12.5, respectively
1,319.3
1,077.1
Other current assets
173.5
178.5
Total current assets
1,797.7
1,817.1
Property, plant and equipment, net
160.1
170.1
Goodwill
3,735.2
3,609.6
Intangible assets, net
1,159.0
1,277.4
Deferred client conversion and start-up costs
822.2
842.9
Other non-current assets
1,105.0
827.9
Total assets
$ 8,779.2
$ 8,545.0
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt
$ 499.8
$ 499.3
Payables and accrued expenses
1,143.4
1,112.8
Contract liabilities
263.4
249.1
Total current liabilities
1,906.6
1,861.2
Long-term debt
2,727.2
2,753.0
Deferred taxes
350.7
261.0
Contract liabilities
333.5
429.2
Other non-current liabilities
642.4
585.5
Total liabilities
5,960.4
5,889.9
Stockholders’ equity:
Preferred stock: Authorized, 25.0 shares; issued and outstanding,
none
—
—
Common stock, $0.01 par value: Authorized, 650.0 shares; issued,
154.5 and 154.5 shares, respectively; outstanding, 115.7 and 117.1
shares, respectively
1.6
1.6
Additional paid-in capital
1,744.5
1,663.0
Retained earnings
4,266.7
3,862.5
Treasury stock, at cost: 38.8 and 37.3 shares, respectively
(2,949.2)
(2,599.0)
Accumulated other comprehensive income (loss)
(244.8)
(272.9)
Total stockholders’ equity
2,818.8
2,655.1
Total liabilities and stockholders’ equity
$ 8,779.2
$ 8,545.0
Amounts may not sum due to rounding.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
In millions
Nine Months Ended
March 31,
2026
2025
Cash Flows From Operating Activities
Net earnings
$ 726.2
$ 465.3
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization
101.6
97.6
Amortization of acquired intangibles and purchased intellectual property
155.2
146.6
Amortization of other assets
126.2
128.0
Write-down of long-lived assets and related charges
3.8
3.3
Stock-based compensation expense
66.7
57.4
Deferred income taxes
65.1
(37.5)
Digital assets change in fair market value
(235.0)
—
Other
(29.4)
(12.0)
Changes in operating assets and liabilities, net of assets and liabilities acquired:
Accounts receivable, net
(215.7)
(89.5)
Other current assets
(0.6)
7.2
Payables and accrued expenses
(22.4)
(220.5)
Contract liabilities
62.2
39.8
Other non-current assets
(120.8)
(108.5)
Other non-current liabilities
(15.1)
(5.5)
Net cash flows from operating activities
668.2
471.6
Cash Flows From Investing Activities
Capital expenditures
(35.1)
(28.2)
Software purchases and capitalized internal use software
(42.1)
(50.3)
Acquisitions, net of cash acquired
(121.0)
(193.5)
Other investing activities
(27.1)
(4.2)
Net cash flows from investing activities
(225.4)
(276.1)
Cash Flows From Financing Activities
Debt proceeds
988.5
920.3
Debt repayments
(1,016.8)
(837.3)
Dividends paid
(330.7)
(299.2)
Purchases of Treasury stock
(352.9)
(4.2)
Proceeds from exercise of stock options
21.7
51.6
Other financing activities
(7.8)
(8.7)
Net cash flows from financing activities
(697.9)
(177.5)
Effect of exchange rate changes on Cash and cash equivalents
(1.7)
(5.2)
Net change in Cash and cash equivalents
(256.7)
12.8
Cash and cash equivalents, beginning of period
561.5
304.4
Cash and cash equivalents, end of period
$ 304.8
$ 317.2
Amounts may not sum due to rounding.
Segment Results
(Unaudited)
In millions
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
2026
2025
Revenues
Investor Communication Solutions
$ 1,465.3
$ 1,347.5
$ 3,828.5
$ 3,512.3
Global Technology and Operations
488.3
464.1
1,428.4
1,311.4
Total
$ 1,953.6
$ 1,811.7
$ 5,256.9
$ 4,823.7
Earnings before Income Taxes
Investor Communication Solutions
$ 309.5
$ 292.9
$ 572.7
$ 563.5
Global Technology and Operations
85.4
70.4
230.3
167.5
Other
(54.3)
(52.4)
121.0
(143.8)
Total
$ 340.6
$ 310.9
$ 923.9
$ 587.2
Pre-tax margins:
Investor Communication Solutions
21.1 %
21.7 %
15.0 %
16.0 %
Global Technology and Operations
17.5 %
15.2 %
16.1 %
12.8 %
Amortization of acquired intangibles and purchased intellectual property
Investor Communication Solutions
$ 11.1
$ 10.6
$ 31.5
$ 33.1
Global Technology and Operations
41.7
38.3
123.8
113.5
Total
$ 52.8
$ 48.9
$ 155.2
$ 146.6
Amounts may not sum due to rounding.
Supplemental Reporting Detail – Additional Product Line Reporting
(Unaudited)
In millions
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
Change
2026
2025
Change
Investor Communication Solutions
Regulatory
$ 399.4
$ 365.0
9 %
$ 845.4
$ 765.4
10 %
Data-driven fund solutions
125.7
114.8
9 %
349.4
337.4
4 %
Issuer
65.3
60.5
8 %
136.9
127.4
7 %
Customer communications
209.3
199.5
5 %
575.6
542.8
6 %
Total ICS Recurring revenues
799.8
739.8
8 %
1,907.3
1,773.0
8 %
Equity and other
40.2
31.4
28 %
103.4
77.2
34 %
Mutual funds
32.4
21.3
52 %
173.6
163.2
6 %
Total ICS Event-driven revenues
72.7
52.7
38 %
277.0
240.3
15 %
Distribution revenues
592.8
555.0
7 %
1,644.2
1,499.0
10 %
Total ICS Revenues
$ 1,465.3
$ 1,347.5
9 %
$ 3,828.5
$ 3,512.3
9 %
Global Technology and Operations
Capital markets
$ 295.5
$ 289.4
2 %
$ 877.1
$ 829.9
6 %
Wealth and investment management
192.8
174.7
10 %
551.3
481.5
14 %
Total GTO Recurring revenues
488.3
464.1
5 %
1,428.4
1,311.4
9 %
Total Revenues
$ 1,953.6
$ 1,811.7
8 %
$ 5,256.9
$ 4,823.7
9 %
Revenues by Type
Recurring revenues
$ 1,288.1
$ 1,203.9
7 %
$ 3,335.7
$ 3,084.3
8 %
Event-driven revenues
72.7
52.7
38 %
277.0
240.3
15 %
Distribution revenues
592.8
555.0
7 %
1,644.2
1,499.0
10 %
Total Revenues
$ 1,953.6
$ 1,811.7
8 %
$ 5,256.9
$ 4,823.7
9 %
Amounts may not sum due to rounding.
Select Operating Metrics
(Unaudited)
In millions
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
Change
2026
2025
Change
Closed sales (a)
$ 57.5
$ 71.2
(19 %)
$ 146.8
$ 174.3
(16 %)
Position Growth (b)
Equity positions
15 %
15 %
16 %
13 %
Equity revenue positions
11 %
11 %
11 %
N/A
Mutual fund / ETF positions
6 %
6 %
7 %
6 %
Internal Trade Growth (c)
16 %
14 %
15 %
13 %
Amounts may not sum due to rounding.
(a) Refer to the “Results of Operations” section of Broadridge’s Form 10-Q for a description of Closed sales and its calculation.
(b) Position Growth is comprised of “equity position growth” and “mutual fund/ETF position growth.” Equity position growth measures the estimated annual change in positions eligible for equity proxy materials. Beginning in the fourth quarter of fiscal year 2025, the Company began presenting information on “equity revenue position growth”. Equity revenue position growth excludes small or fractional equity positions for which the Company does not recognize revenue (“non-revenue positions”). Prior-year period comparative information for this metric is not available. Mutual fund/ETF position growth measures the estimated change in mutual fund and exchange traded fund positions eligible for interim communications. These metrics are calculated from equity proxy and mutual fund/ETF position data reported to Broadridge for the same issuers or funds in both the current and prior year periods.
(c) Represents the estimated change in daily average trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge’s trading platforms in both the current and prior year periods.
Reconciliation of Non-GAAP to GAAP Measures
(Unaudited)
In millions, except per share amounts
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
2026
2025
Reconciliation of Adjusted Operating Income
Operating income (GAAP)
$ 359.5
$ 344.9
$ 754.3
$ 689.9
Adjustments:
Amortization of Acquired Intangibles and Purchased
Intellectual Property
52.8
48.9
155.2
146.6
Acquisition and Integration Costs
4.7
6.0
14.3
11.3
Restructuring and Other Related Costs (a)
3.5
5.5
13.2
5.5
Adjusted Operating income (Non-GAAP)
$ 420.6
$ 405.2
$ 937.0
$ 853.3
Operating income margin (GAAP)
18.4 %
19.0 %
14.3 %
14.3 %
Adjusted Operating income margin (Non-GAAP)
21.5 %
22.4 %
17.8 %
17.7 %
Reconciliation of Adjusted Net earnings
Net earnings (GAAP)
$ 276.3
$ 243.1
$ 726.2
$ 465.3
Adjustments:
Amortization of Acquired Intangibles and Purchased
Intellectual Property
52.8
48.9
155.2
146.6
Acquisition and Integration Costs
4.7
6.0
14.3
11.3
Restructuring and Other Related Costs (a)
3.5
5.5
13.2
5.5
Gains or Losses on Digital Assets
(5.6)
—
(238.3)
—
Subtotal of adjustments
55.4
60.4
(55.6)
163.4
Tax impact of adjustments (b)
(13.8)
(14.6)
12.1
(37.1)
Adjusted Net earnings (Non-GAAP)
$ 317.9
$ 288.8
$ 682.7
$ 591.5
Reconciliation of Adjusted EPS
Diluted earnings per share (GAAP)
$ 2.36
$ 2.05
$ 6.18
$ 3.93
Adjustments:
Amortization of Acquired Intangibles and Purchased
Intellectual Property
0.45
0.41
1.32
1.24
Acquisition and Integration Costs
0.04
0.05
0.12
0.10
Restructuring and Other Related Costs (a)
0.03
0.05
0.11
0.05
Gains or Losses on Digital Assets
(0.05)
—
(2.03)
—
Subtotal of adjustments
0.47
0.51
(0.47)
1.38
Tax impact of adjustments (b)
(0.12)
(0.12)
0.10
(0.31)
Adjusted earnings per share (Non-GAAP)
$ 2.72
$ 2.44
$ 5.81
$ 5.00
(a) Restructuring and Other Related Costs for the three and nine months ended March 31, 2026 consists of severance and other costs related to the closure of substantially all operations of a production facility. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. The total estimated pre-tax costs for actions and associated costs related to the closure were approximately $20 million and were completed in the third quarter of fiscal year 2026.
(b) Calculated using the GAAP effective tax rate, adjusted to exclude $0.1 million and $2.4 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2026, respectively and $5.2 million and $11.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2025, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis.
Nine Months Ended
March 31,
2026
2025
Reconciliation of Free cash flow
Net cash flows from operating activities (GAAP)
$ 668.2
$ 471.6
Capital expenditures and Software purchases and capitalized internal use software
(77.3)
(78.5)
Free cash flow (Non-GAAP)
$ 590.9
$ 393.2
Reconciliation of Recurring Revenue Growth Constant Currency
Three Months Ended March 31, 2026
Investor Communication Solutions
Regulatory
Data-
Driven
Fund
Solutions
Issuer
Customer
Comms.
Total
Recurring revenue growth (GAAP)
9 %
9 %
8 %
5 %
8 %
Impact of foreign currency exchange
0 %
(1 %)
0 %
0 %
0 %
Recurring revenue growth constant
currency (Non-GAAP)
9 %
8 %
8 %
5 %
8 %
Three Months Ended March 31, 2026
Global Technology and Operations
Capital Markets
Wealth and
Investment
Management
Total
Recurring revenue growth (GAAP)
2 %
10 %
5 %
Impact of foreign currency exchange
(2 %)
(3 %)
(3 %)
Recurring revenue growth constant
currency (Non-GAAP)
(0 %)
8 %
3 %
Three Months Ended
March 31, 2026
Consolidated
Total
Recurring revenue growth (GAAP)
7 %
Impact of foreign currency exchange
(1 %)
Recurring revenue growth constant currency (Non-GAAP)
6 %
Nine Months Ended March 31, 2026
Investor Communication Solutions
Regulatory
Data-
Driven
Fund
Solutions
Issuer
Customer
Comms.
Total
Recurring revenue growth (GAAP)
10 %
4 %
7 %
6 %
8 %
Impact of foreign currency exchange
0 %
(1 %)
0 %
0 %
0 %
Recurring revenue growth constant
currency (Non-GAAP)
10 %
3 %
7 %
6 %
7 %
Nine Months Ended March 31, 2026
Global Technology and Operations
Capital Markets
Wealth and
Investment
Management
Total
Recurring revenue growth (GAAP)
6 %
14 %
9 %
Impact of foreign currency exchange
(2 %)
(1 %)
(2 %)
Recurring revenue growth constant
currency (Non-GAAP)
4 %
13 %
7 %
Nine Months Ended
March 31, 2026
Consolidated
Total
Recurring revenue growth (GAAP)
8 %
Impact of foreign currency exchange
(1 %)
Recurring revenue growth constant currency (Non-GAAP)
7 %
Amounts may not sum due to rounding.
Fiscal Year 2026 Guidance
Reconciliation of Non-GAAP to GAAP Measures
Adjusted Earnings Per Share Growth and Adjusted Operating Income Margin
(Unaudited)
FY26 Recurring revenue growth
Impact of foreign currency exchange (a)
(1%) – 0%
Recurring revenue growth constant currency (Non-GAAP)
7 %
FY26 Adjusted Operating income margin (b)
Operating income margin % (GAAP)
17 – 19%
Adjusted Operating income margin % (Non-GAAP)
20 – 21%
FY26 Adjusted earnings per share growth rate (c)
Diluted earnings per share (GAAP)
32 – 36% growth
Adjusted earnings per share (Non-GAAP)
10 – 12% growth
(a) Based on forward rates as of April 2026.
(b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $6 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs and Gains or Losses on Digital Assets.
(c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $0.04 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets, and is calculated using diluted shares outstanding.
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SOURCE Broadridge Financial Solutions, Inc.
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Hydreight Reports Record Fiscal 2025 Results as VSDHOne Drives Rapid Growth and Platform Scale
Published
13 minutes agoon
May 1, 2026By
Achieves profitability, scales to 11,000+ platform licenses, and strengthens balance sheet with $15.7M in cash
VANCOUVER, BC and LAS VEGAS, April 30, 2026 /PRNewswire/ – Hydreight Technologies Inc. (“Hydreight” or the “Company”) (TSXV: NURS) (OTCQB: HYDTF) (FSE: SO6), a U.S.-focused digital health infrastructure platform, is pleased to report its audited financial results for the year ended December 31, 2025. All figures are in Canadian dollars unless otherwise stated. All references to Non-GAAP Financial Measures1 2 are as reported in the Company’s amended and restated Management Discussion and Analysis dated April 30, 2026 (“MD&A”).
Revenue reached $35.4M in 2025, with $43.6M in Adjusted Revenue1 (non-GAAP) and $2.5M in Adjusted EBITDA2 (non-GAAP), reflecting strong growth and improving operating leverage.
The Company achieved net income of $1.69M and continued to scale its platform, driven by accelerating adoption of VSDHOne and expanding transaction volumes across its national healthcare network.
FULL YEAR 2025 HIGHLIGHTS
All comparisons below are to the year ended December 31, 2024, unless otherwise noted.
Revenue: $35.4M vs. $16.04M (+121% YoY)Adjusted Revenue:(1) $43.56M vs. $22.32M (+95% YoY)Adjusted EBITDA:(2) $2.5M vs. $136K (+1,765% YoY)Rising Operating Leverage: OPEX as a % of revenue fell from 38% to 22%2025 Year-end Cash Position: $15.65M vs. $1.19M (strong balance sheet improvement)Positive Adjusted EBITDA2 across the year, reflecting improving operating leverageOver 11,000 licenses signed across the VSDHOne platform, which the Company believes demonstrates strong demand and accelerating adoption
4th QUARTER 2025 HIGHLIGHTS
All comparisons below are to the quarter ended December 31, 2024, unless otherwise noted
Revenue: $14.95M vs. $4.04M (+270% YoY)Adjusted Revenue:(1) $16.85M vs. $5.74M (+193% YoY)Adjusted EBITDA:(2) $1.58M vs. ($0.1M)Rising Operating Leverage: OPEX as a % of revenue fell to 15% in Q4 2025, versus 34% in Q4 2024
The Company believes the following Non-GAAP financial measures provide meaningful insight to its shareholders in understanding the Company’s performance and may assist in the evaluation of the Company’s business relative to that of its peers.
Notes:
(1) “Adjusted Revenue” is a non-GAAP financial measure, and the figures reflect gross economic activity processed through the Company’s platform and should not be considered revenue recognized under IFRS. See “Non-GAAP Financial Measures” section below for definition.
(2) “Adjusted EBITDA” is a non-GAAP financial measure and reflects EBITDA plus additions for atypical and non-recurring charges. See “Non-GAAP Financial Measures” section below for definition.
The following table is included to provide a reconciliation of the Company’s non-GAAP financial measures to the most directly comparable IFRS measures and to enhance the comparability and transparency of the Company’s financial performance for investors.
Three months ended December 31,
Twelve months ended December 31,
2025
2024
%
change
2025
2024
%
change
Adjusted Revenue
$ 16,853,102
$ 5,742,523
193 %
$ 43,563,753
$ 22,321,265
95 %
Deduct – deferred business partner contract
revenue
(313,878)
208,436
425,945
(45,317)
Deduct – business partner payouts on app
service gross revenue
2,218,121
1,493,509
7,752,770
6,321,866
GAAP Revenue
$ 14,948,859
$ 4,040,578
270 %
$ 35,385,038
$ 16,044,716
121 %
Adjusted Gross Margin
$ 2,924,341
$ 1,580,387
85 %
$ 9,429,151
$ 5,650,936
67 %
Deduct – deferred business partner contract
revenue
(313,878)
208,436
425,945
(45,317)
GAAP Gross Margin
$ 3,238,219
$ 1,371,951
136 %
$ 9,003,206
$ 5,696,253
58 %
Adjusted EBITDA
$ 1,577,760
$ (83,191)
$ 2,542,895
$ 136,334
1765 %
Deduct – amortization and depreciation
127,982
62,853
452,772
181,136
Deduct – share-based payments
8,843
87,889
82,385
614,877
Deduct – interest and accretion
452,209
–
586,354
–
Deduct – sales tax provision, net cash paid
252,603
(254,510)
252,603
(254,510)
Deduct – impairment charge
54,814
–
54,814
–
Deduct – income tax expense
(119,249)
–
(119,249)
–
Deduct – deferred tax recovery
699,586
–
699,586
–
GAAP Net Income (Loss)
$ 1,261,646
$ 20,577
6031 %
$ 1,694,304
$ (405,169)
518 %
Shane Madden, CEO of Hydreight, commented:
“2025 was a defining year for Hydreight. We transitioned from a growing platform into a scaled healthcare infrastructure business, with strong revenue growth and sustained profitability.
The acceleration we saw in the second half of the year was driven largely by the rollout of VSDHOne, which is now becoming a meaningful contributor to both revenue and long-term scalability.
As we move into 2026, our focus is on expanding our partner network, increasing transaction volume across the platform, and continuing to grow our compliant healthcare infrastructures in the United States.”
BUSINESS PERFORMANCE & DRIVERS
VSDHOne – Core Growth Engine
The Company’s VSDHOne platform, launched in 2025, was a primary driver of growth, contributing to:
Rapid onboarding of new partnersExpansion of direct-to-consumer healthcare brandsIncreased transaction volume across telehealth and pharmacy services
Revenue growth in 2025 was primarily driven by VSDHOne-related activity, combined with continued organic growth across existing partners.
The platform ramped significantly through the second half of the year, with Q4 alone contributing $14.9M in revenue, representing approximately 270% growth compared to the same period in 2024. This acceleration reflects strong demand from partners seeking compliant, turnkey solutions and demonstrates the Company’s ability to scale transaction volume efficiently across its infrastructure.
OPERATING METRICS & VOLUME GROWTH
Operational performance across the Company’s core verticals continued to strengthen throughout 2025.
The Company’s first two verticals continued their historical growth in 2025, supported by alignment with broader market trends and the introduction of direct-to-consumer products and services through Hydreight’s proprietary platform structure.
Completed Services revenue in Q4 2025 for the first vertical increased by approximately 44% compared to the same period in 2024Completed Services revenue for the first vertical in 2025 increased by approximately 17% compared to 2024New nurse sign-ups increased by approximately 45% in 2025 compared to 2024
These metrics reflect continued growth in the Company’s core service offerings, expansion of its provider network, and increasing utilization across the platform.
PLATFORM SCALE & NETWORK EFFECTS
Hydreight continues to expand its position as a leading healthcare infrastructure platform:
11,000+ licenses signed across VSDHOneNational footprint across all 50 U.S. statesNetwork of healthcare providers, pharmacies, and partners
The Company believes that this scale reflects growing demand from businesses seeking compliant, turnkey solutions to enter and expand within the U.S. healthcare market.
MULTI-VERTICAL REVENUE MODEL
Hydreight generates revenue across three primary streams:
Business partner subscription contractsTelehealth consultation and platform commissionsPharmacy sales
Growth was supported by:
Expansion of product offerings (GLP-1s, peptides, NAD, TRT, and more)Increased partner utilizationBroader adoption across wellness verticals
PROFITABILITY & OPERATING LEVERAGE
Hydreight achieved strong improvements in Adjusted EBITDA, a non-GAAP measure:
Adjusted EBITDA: $2.5M in 2025 vs. $0.14M in 2024 (+1,765% YoY)Net income (loss): $1.69M in 2025 vs. $(0.41)M in 2024
Performance strengthened meaningfully in the fourth quarter, reflecting the scaling of the platform in the second half of the year.
Q4 Adjusted EBITDA: $1.58M vs. ($0.10M) in Q4 2024
This reflects:
Platform scalabilityRevenue growth outpacing cost increasesImproved operational efficiency
This improvement reflects the operating leverage inherent in the Company’s platform model and was not solely a function of higher revenue. As transaction volumes scaled across VSDHOne, incremental revenue flowed through at higher margins, supported by a largely fixed regulatory, pharmacy, and technology infrastructure. As a result, revenue growth outpaced cost growth, driving improved profitability and demonstrating the scalability of the Company’s platform.
¹ See “Non-GAAP Financial Measures and Reconciliation”.
BALANCE SHEET & LIQUIDITY
Cash: $15.65M (vs. $1.2M in 2024)Working Capital: ~$15.7M (vs. deficiency of $2.5M in 2024)Strong capital position to support ongoing operations
The Company also completed a $15M financing in January 2026, subsequent to year‑end, further strengthening its ability to scale operations and pursue strategic initiatives.
Including the $15M financing completed in January 2026, the Company has access to over $30.7M in capital to support growth initiatives.
Please see SEDAR+ for the Company’s consolidated audited financial statements and MD&A for the year ended December 31, 2025.
STRATEGIC INITIATIVES & MILESTONES
Hydreight continues to expand its platform through strategic initiatives and partnerships.
During 2025, the Company:
Strengthened its vertically integrated healthcare infrastructureExpanded its national pharmacy networkInvested in next-generation platform capabilities (VSDHOne 2.0)Established strategic relationships to enhance product innovation and distribution
In 2026, Hydreight further expanded its strategic initiatives through an investment in Insu Therapeutics, a company focused on developing innovative delivery mechanisms for peptide-based therapies. This aligns with Hydreight’s long-term strategy of supporting next-generation treatments across its platform.
OUTLOOK
Hydreight is entering 2026 with strong momentum, supported by:
Continued onboarding of new partnersIncreasing transaction volumes across VSDHOneRecent capital deployment initiativesExpansion into new healthcare verticals
As of the end of Q1 2026, VSDHOne has surpassed 12,000 licenses sold, reflecting continued momentum in platform adoption.
Management remains focused on scaling the platform while maintaining disciplined growth and operational efficiency.
“We look forward to discussing these results in more detail on our upcoming earnings call.” -Shane Madden
ANNUAL FILINGS
The Company’s audited annual financial statements for the year ended December 31, 2025, and the associated MD&A, including a full discussion of non-GAAP financial measures and their reconciliation to IFRS measures, have been filed on SEDAR+ at www.sedarplus.ca and are available on the Company’s issuer profile. Readers are encouraged to review the complete financial statements and MD&A in conjunction with this press release. The Company refiled its MD&A to correct a typographical error in the calculation of Adjusted EBITDA. No other changes have been made.
UPCOMING EARNINGS CALL
Hydreight Technologies will host a live earnings call to discuss its Q4 and full-year 2025 financial results, provide a business update, and outline the Company’s strategic priorities heading into 2026.
Date & Time: Friday, May 1, 2026 at 9:00am – 10:00pm EST
Registration Link: https://hydreight.zoom.us/webinar/register/WN_vP-U6hAiRf2Ejg8muQcocQ
The call will include a formal presentation followed by a live Q&A session. Investors are encouraged to attend to gain deeper insight into Hydreight’s growth strategy and platform expansion.
Clarification on Engagement of GRA Enterprises
Further to the Company’s news release early last year dated February 27, 2025, the Company wishes to clarify that its prior 3-month engagement of GRA Enterprises LLC (doing business as National Inflation Association) (“GRA”) was not renewed and as such was terminated effective May 27, 2025.
Under the engagement, the Company paid GRA an aggregate fee of USD $30,000 in cash pursuant to the GRA Engagement. The fee was paid from general working capital at the commencement of the engagement. No securities, stock options, or other equity-based compensation were issued or granted in connection with the engagement.
The engagement was conducted at arm’s length and has been fully concluded, with no ongoing obligations or amounts payable by the Company. To the Company’s knowledge, neither GRA nor its principal, Gerard Adams, holds any direct or indirect interest in the Company or its securities, nor any right to acquire such an interest.
On behalf of the Board of Directors
Shane Madden
Director and Chief Executive Officer
Hydreight Technologies Inc.
Hydreight Technologies Inc Ranked Number 56 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™
Hydreight Technologies Recognized as a Top 50 TSX Venture Exchange Company
About Hydreight Technologies Inc.
Hydreight Technologies Inc is building one of the largest mobile clinic networks in the United States. Its proprietary, fully integrated platform has hosted a network of over 3000 nurses, over 300 doctors and a pharmacy network through its Doctor networks across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking, and managing patient data, which enables licensed healthcare professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. The Hydreight platform allows healthcare professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network.
About VSDHOne – Direct to Consumer Platform
Developed in partnership with Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FWB: 6F6), Hydreight Technologies launched the VSDHOne platform. VSDHOne simplifies the entry challenges for companies and medi-spa businesses to enter the online healthcare space compliantly. This platform is expected to help businesses launch direct-to-consumer healthcare brand in a matter of days in all 50 states. Compliant offerings include: GLP-1s, peptides, personalized healthcare treatments, sermorelin, testosterone replacement therapy (“TRT”), hair loss, skincare, sexual health and more. Hydreight invested in technology, legal and infrastructure to launch this platform. The VSDHOne platform offers a complete, and modular end-to-end solution for businesses looking to launch direct-to-consumer healthcare brands. From compliance and telemedicine technology to nationwide doctor and pharmacy networks, VSDHOne provides all the tools needed for a seamless entry into the online healthcare space. The platform is designed to significantly reduce the time and costs associated with launching such services, making it possible for businesses to go live in days instead of months.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Use of Non-GAAP Financial Measures:
The Company uses certain non-GAAP financial measures to assess its operating performance, and this press release contains non-GAAP financial measures, including “Adjusted Revenue” and “Adjusted EBITDA”. These measures are not recognized under International Financial Reporting Standards (“IFRS”) and do not have standardized meanings prescribed by IFRS or GAAP.
The Company defines Adjusted Revenue as gross cash income before adjustment for the deferred portion of business partner contract revenue and gross receipts from Hydreight App service sales. The Company defines Adjusted Gross Margin as GAAP gross margin plus inventory impairment plus the deferred portion of business partner contract revenue. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization and before (i) transaction, restructuring, and integration costs (ii) share-based payments expense, (iii) gains/losses that are not reflective of ongoing operating performance including inventory impairment and (iv) sales tax provision, net of actual cash payments to state tax authorities.
Adjusted Revenue reflects the gross economic activity processed through the Company’s platform during the applicable period and may differ materially from revenue recognized under IFRS, which is based on revenue recognition and deferral requirements. Adjusted Revenue is not a measure of financial performance or profitability and should not be considered a substitute for revenue determined in accordance with IFRS. As used, Adjusted Revenue accelerates cash receipts relative to IFRS revenue recognition. Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss) prepared in accordance with IFRS.
The Company believes that these non‑GAAP measures provide information useful to investors in understanding historical operating trends and the scale of the Company’s platform relative to its peers but does not intend for such measures to represent future performance. This data is furnished to provide additional information and does not have any standardized meaning prescribed by IFRS. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of other metrics presented in accordance with IFRS.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding expectations for the Company’s 2026 strategic outlook, growth, platform scaling initiatives, and anticipated expansion of VSDHOne and other platform offerings.
Forward‑looking information is based on management’s expectations, estimates and assumptions as of the date hereof, including assumptions regarding: continued partner adoption, stable regulatory regimes applicable to telehealth and pharmacy operations in the United States, availability of capital, and general economic conditions.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company.
Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain requisite regulatory and other approvals with respect to the business operated by the Company and/or the potential impact of the listing of the Company’s shares on the TSXV on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time as a result of being a publicly listed entity. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
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SOURCE Hydreight Technologies Inc.
Technology
Scaled Commercial Breakthrough: OMODA & JAECOO AiMOGA Robotics Secures 1,000 Robot Orders, Boosting Smart City Deployment Step by Step
Published
13 minutes agoon
May 1, 2026By
KUALA LUMPUR, Malaysia and WUHU, China, May 1, 2026 /PRNewswire/ — In response to steady advancement of smart city construction and the actual demand for efficient, low-cost urban public service equipment, OMODA & JAECOO officially launched the full-scale commercial layout of AiMOGA Robotics at the 2026 Chery International Business Summit in Wuhu. Centering on the theme “Driven by Scenarios, United for Growth”, the event witnessed a key industrial breakthrough: AiMOGA Intelligent Police Robots secured 1,000 intentional signing orders and completed an official concentrated delivery of 100 units, laying a solid foundation for orderly large-scale promotion and practical scenario operation in urban roads, traffic hubs and daily public governance links.
Jointly developed by OMODA & JAECOO and the professional AiMOGA technical team, the robotic product lineup covers humanoid robots, quadruped robots and core intelligent patrol robots. Drawing on the brand’s mature intelligent vehicle underlying technologies in perception, planning and control, the equipment retains high operational stability. It can well adapt to daily road conditions and climatic environments, independently completing core practical tasks such as real-time traffic guidance, illegal parking identification and fixed-route auxiliary patrols, effectively assisting local frontline staff and optimizing urban refined management efficiency.
Chery Group pointed out that intelligent vehicles and robots share core technological homology, and the batch signing and delivery officially means AiMOGA enters the stage of large-scale standardized commercialization. The products have been iteratively optimized in more than 100 real scenarios across 50 countries including Malaysia, with reliable performance that meets local application standards. Relying on supporting facilities such as university talent cooperation projects, 31 innovation laboratories and a special robot leasing platform launched at the conference, OMODA & JAECOO will steadily improve local supporting service capabilities. The brand will rely on its global channel advantages to accelerate the localized landing of embodied intelligent equipment, pragmatically empower the steady development of smart urban governance industry, and jointly build a complete regional intelligent service ecology with local partners.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/scaled-commercial-breakthrough-omoda–jaecoo-aimoga-robotics-secures-1-000-robot-orders-boosting-smart-city-deployment-step-by-step-302758705.html
SOURCE OMODA & JAECOO
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Hydreight Reports Record Fiscal 2025 Results as VSDHOne Drives Rapid Growth and Platform Scale
Scaled Commercial Breakthrough: OMODA & JAECOO AiMOGA Robotics Secures 1,000 Robot Orders, Boosting Smart City Deployment Step by Step
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