0001628280-26-054378
SEC filing营收创纪录增长30%，调整后EPS超指引上限，长寿基金募资超目标。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Total Revenue | $73.0M | $56.2M | +30% |
| Gross Profit | $64.0M | $50.2M | — |
| Operating Income | $21.5M | $22.5M | — |
| Net Income (GAAP) | $6.6M | $17.6M | -63% |
| Diluted EPS (GAAP) | $0.07 | $0.18 | — |
| Adjusted Net Income (Non-GAAP) | $27.1M | $21.9M | +24% |
| Adjusted EPS (Non-GAAP) | $0.28 | $0.22 | +22% |
| Adjusted EBITDA (Non-GAAP) | $39.9M | $31.5M | +27% |
| Adjusted EBITDA Margin (Non-GAAP) | 54.7% | 56.1% | — |
| Operating Cash Flow (YTD) | $130.9M | $14.5M | +$116.4M |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q3 FY2026 | Adjusted Net Income | $26M to $28M | Non-GAAP |
| Q3 FY2026 | Adjusted EPS | $0.26 to $0.28 | Non-GAAP |
| FY2026 | Adjusted Net Income | $100M to $106M | Non-GAAP |
| FY2026 | Adjusted EPS | $1.00 to $1.05 | Non-GAAP |
简评
本季度营收创纪录达$73.0M，同比+30%，主要由Life Solutions业务强劲增长驱动（Life Solutions收入$53.9M，同比+73.2%）。GAAP净利$6.6M同比下滑63%，管理层归因于战略业务开支及收购带来的人事成本；调整后净利$27.1M同比+24%，调整后EPS $0.28超出指引上限，反映核心业务盈利能力持续增强。调整后EBITDA利润率54.7%维持高位，显示平台在扩张同时保持高盈利水平。
上半年长寿基金募资$544.2M，超越$500M全年目标，Q2单季募资约$256.1M；经营现金流$130.9M同比大增$116.4M，体现平台现金生成能力随AUM规模扩大而增强。战略层面，公司完成对Manning & Napier $53M少数股权投资并建立战略联盟，推出首只面向个人投资者的注册间隔基金ABXGX，并启动在保保单代币化。Q3指引调整后EPS $0.26-$0.28（同比最高+17%），全年$1.00-$1.05（同比+17%-24%），管理层对增长前景信心充足。