Microsoft FY2025 Earnings: The $101B Profit Machine Betting Everything on AI Infrastructure
A deep dive into Microsoft's FY2025 annual results — $281.7B revenue, Azure crossing $75B, net income surpassing $100B for the first time, and what the numbers reveal about the world's most profitable cloud-AI company.
Circle Q4 FY2025 Earnings: From $299 to $50 to a 29% Surge — The Stablecoin Stock That Refused to Die
Circle just posted $770M in Q4 revenue and the stock surged 29%. But eight months ago it was trading at $299. The story of how the first pure-play stablecoin stock crashed, rebuilt, and beat every estimate on the Street.
NVIDIA's $68B Quarter: When Compute Equals Revenue and GPUs Print Money
NVIDIA's Q4 FY2026 earnings decoded — $68B revenue, Jensen declares "compute equals revenue," a $20B Groq acquisition, $5.6B in equity investment gains, and $78B Q1 guidance that stunned Wall Street. Full double-entry analysis.
Airbnb Q4 FY2025 Earnings: $12.2B Revenue, 16% Booking Growth, and an AI-First Bet — Is ABNB Finally a Buy?
A deep dive into Airbnb's FY2025 earnings — $12.2B revenue (+10% YoY), $2.5B net income, and record gross bookings of $20.4B in Q4. We trace every dollar through double-entry accounting in Beancount and evaluate whether the stock's post-earnings surge is justified.
Robinhood Q4 FY2025 Earnings: From Meme-Stock Punchline to $1.9B Profit — So Why Did the Stock Drop 9%?
A Wall Street analyst's deep dive into Robinhood's record FY2025 earnings — $4.5B revenue (+52% YoY), $1.9B net income, and how the former meme-stock app transformed into a diversified financial platform with 11 businesses generating $100M+ annualized revenue.
NVIDIA Q3 FY2026 Earnings: Inside the $57B Quarter Powering the AI Revolution
A Wall Street analyst's deep dive into NVIDIA's record Q3 FY2026 earnings — $57B revenue, 66% Data Center growth, 73% gross margin, and what the numbers reveal about insatiable AI infrastructure demand.
Alphabet Q4 2025 Earnings: Inside the $403B Revenue Machine Powering the AI Era
A Wall Street analyst's deep dive into Alphabet's record Q4 2025 earnings — $403B revenue, 48% Cloud growth, $175B AI capex plan, and what the numbers reveal about Google's AI-powered future.
The Open Ledger Movement
Beancount.io launches the Open Ledger Movement, revolutionizing financial data management by making it social, version-controlled, and collaborative, akin to open-source code.
We Reconstructed MiniMax's $6.5B IPO into an Open Ledger. Here's What We Found.
Analyzing MiniMax's $6.5 billion IPO through a plain-text Open Ledger reveals the intricate financial mechanics behind its staggering valuation and the investor interest driving its success.