Rocket Lab Q2 2026 Earnings: Record $234M Revenue, a $2.36B Backlog and $1.9B of New Equity
Rocket Lab's Q2 2026 revenue rose 62% to $234.1M and its net loss narrowed to $49.3M, but $1.87B of new paid-in capital in six months funded the growth.
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SpaceX Q2 2026 Earnings: Starlink Nearly Pays for the AI Bet, While $18.4B of Capex Outruns Revenue 2.4 to 1
SpaceX's Q2 revenue rose 92% to $7.81B and Starlink's $1.66B operating profit nearly covered AI losses, but $18.4B of capex ran 2.4x revenue.
The Working Capital Adjustment Trap: Why Your Sale Price Can Shrink 90 Days After Closing
A bare-number working capital peg lets the buyer restate your closing sheet under GAAP and bill you the gap — demand symmetric methods in the agreement.
Pledges Receivable Bookkeeping: How to Record Multi-Year Donor Pledges Without Failing Your Audit
Record unconditional pledges as revenue when promised, discount multi-year amounts to present value, and reserve for pledges that never arrive.
CoreWeave FY2026 Q2 Earnings: $626M Loss, $104B Backlog
CoreWeave's Q2 revenue more than doubled to $2.575B, but $640M of net interest — 24.9% of sales — drove a $626M net loss despite a $104.2B backlog.
Chewy FY2026 Q2 Earnings: 84.6% Autoship, $80.5M Net Income
Chewy's 84.6% Autoship share measures customer spending, not contracted revenue: Q2 sales rose 7.3% to $3.33B while free cash flow fell 15.5% to $89.5M.
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.
Lennar FY2026 Q3 Earnings: 52% Profit Drop, 116-Day Cycle
Lennar FY2026 Q3: $8.046B revenue (-8.7%) and parent net income down 52% to $283.9M, while the build cycle hit a record 116 days and new orders fell 9%.
FASB Proposes Treating Stablecoins as Cash Equivalents: What It Means If Your Business Holds USDC
FASB's August 2026 proposal would let a stablecoin sit in the cash line only with direct issuer redemption, 1:1 segregated reserves, and annual disclosure.
HOA Reserve Fund Accounting: Why Your Repair Money Needs Its Own Bank Account
Commingling HOA reserve and operating cash violates Florida and Washington law — and reserve interest is taxable on IRS Form 1120-H even when dues are not.
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.
Disney FY2026 Q3 Earnings: $25.2B Revenue, Experiences at $9.97B, and Streaming That Finally Pays
Disney's FY2026 Q3: revenue $25.2B (+7%), total segment operating income $5.6B (+21%), and net income attributable to Disney of $2.64B. GAAP EPS fell 48% against a prior-year Hulu tax benefit while adjusted EPS rose 28% to $2.06. Experiences grew 10% to $9.97B with operating income +20%, Entertainment SVOD reached a 13% operating margin, and Sports operating income fell 17% on NBA/NHL postseason costs. Free cash flow of $3.1B backs a raised ≥$9B buyback — all tracked in a public Beancount ledger spanning FY2022–FY2026 Q3.