)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Black Diamond Group (BDI) investor relations material
Black Diamond Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary31 Oct, 2025
Executive summary
Consolidated Q3 2025 revenue was $105.3 million, up 4% year-over-year, with adjusted EBITDA of $31.8 million, up 10% for the quarter and 15% for the nine months.
Net profit rose 65% to $12.2 million, and basic EPS increased 58% to $0.19 per share, aided by insurance proceeds from wildfire asset losses.
Rental revenue, the core business, reached $41.3 million, up 9% year-over-year, driven by capital investment and strong customer activity in construction, infrastructure, energy, and education.
Announced a 29% dividend increase to $0.045 per share quarterly, marking the fifth consecutive annual increase since 2021.
Closed a tuck-in acquisition in Australia and announced a definitive agreement to acquire Royal Camp Services, expected to close by year-end, doubling Canadian Workforce Accommodations fleet.
Financial highlights
Capital expenditures for Q3 were $19.6 million, with total capital commitments up 124% to $39.5 million, mostly for project-specific fleet units.
Free cash flow for Q3 was $23 million, up 17% year-over-year, supported by higher revenue and lower maintenance capital and interest costs.
Net debt at quarter-end was $197.1 million, down $34.9 million sequentially and 12% from year-end, with liquidity near $230 million.
Gross profit rose 7% year-over-year to $50.2 million for the quarter, with gross margin at 47.7%.
Administrative expenses increased 10% to $20.1 million.
Outlook and guidance
Expect stable to moderately growing rental revenue, with continued organic fleet additions and a stable operating environment.
MSS segment anticipates stable rental revenue, with variability in sales and non-rental streams; education sales lower in 2025 but expected to recover.
WFS results stabilized, with major project-driven growth not expected until the second half of 2026.
Confident in stable compounding rental revenue growth and positive market tailwinds, especially in Canada.
Ample liquidity and leverage below target range support continued organic and inorganic growth.
Royal Camp acquisition: WFS utilization outlook?
Contracted capital commitments: revenue impact?
WFS major project revenue: H2 2026 confidence?
WFS pricing strategy with Royal acquisition
ERP upgrade's impact on efficiency and growth?
MSS growth CapEx drivers vs. peer trends
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Black Diamond Group earnings date
Q4 20253 Mar, 2026
Next Black Diamond Group earnings date
Q4 20253 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Black Diamond Group Limited provides modular space solutions and workforce accommodation to clients in energy, mining, construction, and government sectors. The company also offers rental and support services for remote work sites and commercial facilities. It operates in Canada, the United States, and Australia. The company is headquartered in Calgary, Canada, and its shares are listed on the TSX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage