Archive
Welcome to the archive. You can browse the full archive of Recursive Gains articles by month.
Q2 2024
- CPNG Q2 2024 A Record Margin Quarter, Erased by a Single FineAug 06
- BBCA Q2 2024 Did Ending Covid-Era Loan Relief Just Show Up in the NPL Ratio?Aug 06
- BFIN Q2 2024 Why Did Bookings Reverse the Same Quarter the Stock Fell 30%?Aug 05
- ARTO Q2 2024 The Weak Operating Cash Flow Quarter Didn't Last a Second QuarterAug 05
- BBRI Q2 2024 Did Q2 Profit Actually Shrink While the H1 Headline Kept Climbing?Aug 05
- SUPERBANK Q2 2024 The Losses Keep Widening. The Funding Gap Is Finally Closing.Aug 05
- UBER Q2 2024 Uber's Operating Income More Than Doubles to $796 Million - Sixth Straight Positive QuarterAug 01
- GOTO Q2 2024 GoTo Just Posted Its Best Growth Quarter Since the Turnaround. Its Stock Hit an All-Time Low AnywayJul 30
- JIOFIN Q2 2024 Shareholders Just Waved Through a Rs. 36,000 Crore Blank ChequeJul 15
- BIRD Q2 2024 Blue Bird's Stock Fell 15% Last Quarter - Did the Business Actually Get Worse?Jun 30
- NU Q2 2024 Nu's Earnings Materials Never Break Out Revenue by Country. Its 20-F Just Did.Apr 24
Q1 2024
- DMART Q1 2024 The Margin Actually Expanded - and Merchandising, Not Cost Control, Did ItJun 20
- ICICIBANK Q1 2024 The Contingency Buffer Stopped Growing a Year Ago — Nobody Asked WhyJun 18
- PAYTM Q1 2024 What Happens When a Fintech Loses Its Own Bank?Jun 14
- DASH Q1 2024 DoorDash Authorized a $1.1 Billion Buyback, Then Spent Not a Dollar of It the Same QuarterJun 10
- LYFT Q1 2024 Lyft Turned $156 Million of Cash In From Operations in a Single Quarter - a Complete Reversal From a Year AgoJun 10
- XYZ Q1 2024 The First Quarterly GAAP Operating Profit Since Afterpay Finally ArrivedJun 05
- NU Q1 2024 Nu's 100-Millionth Customer Arrived Right After a Quarter That Grew Provisions for Lawsuits 70%May 29
- SE Q1 2024 Sea Called This an 'Improved Profit Profile.' The Quarter Posted a Net Loss.May 28
- IDEA Q1 2024 Vi Raised Rs18,000 Crore - Why Did the Promoter Group Pay More Per Share Than the Public Did?May 25
- MELI Q1 2024 Why Argentina's Revenue Fell 22% in a Quarter It Was Actually BoomingMay 24
- DNET Q1 2024 Associate Profit Nearly Vanished. Fast Food's Loss Nearly Tripled.May 21
- SEABANK Q1 2024 The Margin That Was Supposed to Be Untouchable Just CompressedMay 20
- TLKM Q1 2024 The Stock Fell 13% in a Month - Profit Only Fell 6%May 20
- ETERNAL Q1 2024 A Fully Profitable First Fiscal Year - So Why Did the Auditor Still Add an Emphasis of Matter?May 17
- GRAB Q1 2024 Adjusted EBITDA Hit A Record High - So Why Did The Net Loss Come Back?May 15
- SOFI Q1 2024 A Second Straight Profitable Quarter, Boosted by a One-Time Debt GainMay 15
- ISAT Q1 2024 The First Fully Clean Quarter Since the Merger Grew Net Profit 39%, No One-Off AttachedMay 15
- BMRI Q1 2024 Mandiri's Profit Growth Just Fell Off a Cliff - From 33.7% to 1.1%. What Happened?May 10
- AMRT Q1 2024 Why Did the Capital Region's Segment Income Fall for a Second Straight Quarter?May 08
- BABA Q1 2024 The Six-Company Breakup Plan Quietly Disappeared From This Year's Annual ReportMay 08
- HOOD Q1 2024 The Most-Watched User Metric Just Stopped Being Reported - Why Now?May 08
- CPNG Q1 2024 The First Net Loss in Two Years Somehow Left Stockholders in the BlackMay 06
- BBRI Q1 2024 Why Was the Credit Cost Ceiling Quietly Widened One Quarter Into 2024?May 06
- ARTO Q1 2024 Bank Jago's Loan Book Grew 32% - And Operating Cash Flow Nearly VanishedMay 06
- SUPERBANK Q1 2024 A 28% Deposit Growth Headline Hides a 34% Quarterly DropMay 06
- BBCA Q1 2024 Why Did the Capital Ratio Just Fall Off a Cliff?May 06
- BFIN Q1 2024 Was Last Quarter's Recovery Real, or Just a One-Quarter Blip?May 03
- UBER Q1 2024 Uber's Fifth Straight GAAP Operating Profit - While Aurora's Stake Drags Net Income Back to a LossMay 01
- GOTO Q1 2024 GoTo's Numbers Just Got 9% Smaller and 63% Bigger, Depending on Which One You ReadApr 30
- JIOFIN Q1 2024 A 51x Profit Jump That Still Yields Under 1%Apr 19
- BIRD Q1 2024 Is Blue Bird's Margin Slide Now a Trend, Not a Blip?Mar 31
Q4 2023
- DHER Q4 2023 Delivery Hero Posted Its First Profitable Year of Adjusted EBITDA. It Also Just Wrote Off €858 Million of Goodwill.May 06
- DASH Q4 2023 DoorDash Turned Its First Profitable-Feeling Year With Adjusted EBITDA Up 230% - Then Announced a Buyback 47% Bigger Than the Last OneApr 10
- SEABANK Q4 2023 A Blowout First Half, Then a 10% Drop in Full-Year ProfitApr 05
- PDD Q4 2023 Gross Margin Fell 13 Points the Same Year Temu Went Global - So Why Did Net Income Almost Double?Apr 05
- SUPERBANK Q4 2023 A Bank Whose Loan Book Runs on Shareholder Cash, Not DepositsApr 04
- ISAT Q4 2023 FY2023 Finally Reveals Which Data-Center Entity Was Behind Indosat's Mystery 2022 Gains - SMTApr 02
- AMRT Q4 2023 Why Did the Region That Gained the Most Margin Post the Weakest Quarter?Mar 23
- SE Q4 2023 Sea Booked Its First Full-Year Profit Ever. Its Most Mature E-commerce Market Just Went Negative Again.Mar 19
- TLKM Q4 2023 Profit Grew 18% for the Year - So Why Did the Stock Barely Move in Two Years?Mar 10
- XYZ Q4 2023 The First Profitable Quarter in Two Years Arrived Alongside a TIDAL Writedown and a New CFPB InvestigationMar 10
- HOOD Q4 2023 The Full-Year Loss Just Shrank By Half - Is the Turnaround Actually Real Now?Mar 05
- NU Q4 2023 Nu Hit $1 Billion in Annual Profit. Its Founder Called It Time to Plant, Not Harvest.Mar 04
- BFIN Q4 2023 The Cyberattack Finally Got a Name - Everywhere Except the Audited NumbersMar 01
- DMART Q4 2023 The Festive Quarter Where the Margin Squeeze Finally StalledMar 01
- MELI Q4 2023 A Decade-Old Tax Dispute Just Cut Quarterly Profit by More Than HalfFeb 27
- DNET Q4 2023 Full-Year Net Income Fell 44%. Indomaret Alone Explains Most of It.Feb 26
- LYFT Q4 2023 Lyft Posted Its First Positive Quarterly Free Cash Flow While the Stock Rallied 63% in a Single QuarterFeb 25
- GRAB Q4 2023 A First-Ever Profitable Quarter Comes With A First-Ever Buyback - So Why Is Cash Flow Barely Positive?Feb 22
- SOFI Q4 2023 SoFi Just Posted Its First-Ever GAAP-Profitable QuarterFeb 20
- BBCA Q4 2023 Did the Bank's Own Numbers Finally Stop Contradicting Themselves?Feb 15
- ETERNAL Q4 2023 Adjusted EBITDA Hit a Third Straight Positive Quarter - So Why Did the Revenue-to-GOV Ratio Just Fall?Feb 12
- IDEA Q4 2023 Vi's Best Cash EBITDA in 11 Quarters - So Why Did the Deficit Keep Growing?Feb 10
- BBRI Q4 2023 Net Cost of Credit Fell Below 1% - But Did Recoveries Just Mask a Rough Q4?Feb 06
- CPNG Q4 2023 Coupang's First Profitable Year Hides a $905 Million AsteriskFeb 05
- ARTO Q4 2023 The Sharia Wind-Down Is Basically Over - And the Conventional Bank Just Had Its Second Decent Quarter RunningFeb 05
- PAYTM Q4 2023 The Festive-Season Quarter That Finally Cracked Rs. 200 Crore of EBITDAFeb 04
- UBER Q4 2023 Uber's First-Ever Profitable Fiscal Year - $1.9 Billion Net Income, $1.1 Billion GAAP Operating ProfitFeb 01
- BMRI Q4 2023 Mandiri's Deposits Finally Caught Up in Q4 - So Why Didn't the LDR Come All the Way Back Down?Jan 31
- GOTO Q4 2023 GoTo Hit Its Q4 Profit Target. Its Balance Sheet Just Took a Rp79 Trillion Hit to Get There.Jan 30
- JIOFIN Q4 2023 The Quarter That Erased Last Quarter's 101% Profit HeadlineJan 15
- BIRD Q4 2023 Why Did Profit Fall Again Despite Double-Digit Revenue Growth?Dec 31
Q3 2023
- SEABANK Q3 2023 SeaBank's Profit Jumped 15x in Nine Months - Almost All of It Landed in One QuarterDec 15
- DMART Q3 2023 Profit Looks Like It Fell 9%. It Actually Grew - Here's the Base EffectDec 01
- SE Q3 2023 Sea Ended Its Own Profit Streak — On PurposeNov 27
- DNET Q3 2023 Fast Food Indonesia Just Posted Its Worst Loss in This BacklogNov 21
- NU Q3 2023 Three Straight Profitable Quarters. Nu's ARPAC Just Broke Into Double Digits.Nov 20
- SOFI Q3 2023 SoFi Wrote Down $247 Million of Goodwill the Same Quarter Revenue Hit a RecordNov 20
- LYFT Q3 2023 Lyft's Net Loss Shrank to $12 Million as Revenue Crossed $1.15 Billion - and Active Riders Just Became the Headline Metric, Not a Discontinued OneNov 17
- DASH Q3 2023 DoorDash Finished Its $750 Million Buyback the Same Quarter Net Loss Shrank 75%Nov 15
- TLKM Q3 2023 The Segment Table Didn't Actually Change - So What Did the IndiHome Spin-Off Even Do?Nov 15
- CPNG Q3 2023 Coupang's Streak of Rising Profit Just Broke - Should Investors Care?Nov 13
- PAYTM Q3 2023 Why Did a "Record" Growth Quarter Still Post a Loss?Nov 11
- IDEA Q3 2023 Vi's Deficit Just Crossed Rs90,000 Crore - Does a Vendor Debt Deal Change Anything?Nov 10
- ETERNAL Q3 2023 The Tax-Credit Asterisk Is Gone - So What's Still Not Adding Up?Nov 10
- XYZ Q3 2023 Pretax Profit Arrived for the First Time in Two Years - Then a Tax Charge Turned It Back Into a LossNov 10
- GRAB Q3 2023 Grab Turned Adjusted EBITDA Positive For The First Time - Its 'Positive Free Cash Flow' Didn'tNov 09
- HOOD Q3 2023 The Shares the DOJ Seized From Sam Bankman-Fried Just Got Bought BackNov 07
- MELI Q3 2023 A Stock Buyback That Lost $386 Million to Argentina's Currency ControlsNov 06
- AMRT Q3 2023 Why Did Segment Income Fall in the Same Quarter Net Income Grew 16%?Nov 06
- ISAT Q3 2023 Adjusted Operating Income Grew 46.6% in 9M 2023, But Debt Paydown StalledNov 06
- BMRI Q3 2023 Deposits Came Back in Q3 - So Why Is Mandiri's Loan-to-Deposit Ratio Still Climbing?Nov 05
- ARTO Q3 2023 The Sharia Unit "Recovered" - By Shrinking Its Loan Book Nearly 60%Nov 03
- BFIN Q3 2023 The Profit Growth Streak Finally Breaks, and the Cyberattack Behind It Still Has No NameNov 03
- SUPERBANK Q3 2023 A New Shareholder Just Wrote a Trillion-Rupiah Check - Guess WhoNov 03
- BBCA Q3 2023 Do This Bank's Own Quarterly Numbers Actually Add Up?Nov 03
- BBRI Q3 2023 Why Did Profit Growth Stall Even As Revenue Rebounded?Nov 02
- UBER Q3 2023 Uber Confirms Its Operating-Profit Milestone With a Second Straight Positive QuarterNov 01
- GOTO Q3 2023 The User Decline Just Stopped. Q4 Profitability Got Less Certain.Oct 26