)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
PensionBee Group
PensionBee Group (PBEE) investor relations material
PensionBee Group Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary21 Jan, 2026
Executive summary
Achieved 27% year-on-year AUA growth to £7.4bn and 33% ARR growth to £51m, with 305,000 invested customers at year-end 2025, driven by robust U.K. performance and early U.S. expansion.
Onboarded 40,000 new customers in 2025, with 8,000 added in Q4, reflecting effective marketing and acquisition strategies.
Enhanced productivity by 22% year-on-year through technology automation, with each staff member now supporting 1,621 invested customers.
U.K. segment achieved Adjusted EBITDA profitability of £3.4m and a 26% margin in Q4, supporting overall group profitability.
U.S. business made progress with brand awareness campaigns, new distribution partnerships, and first Safe Harbor IRA contracts signed.
Financial highlights
Group Adjusted EBITDA reached £2m in Q4, with a 16% margin, driven by U.K. profitability.
U.K. Adjusted EBITDA margin improved to 11% for 2025, up from 7% in 2024; pre-marketing operating margin rose to 39% from 33%.
Revenue margin in Q4 was 0.65%, converting AUA growth into 34% quarterly revenue growth.
Cash balance of £33m at year-end supports further U.K. scaling and U.S. investment.
U.S. business ended the year with $3m in AUA and continued investment in brand and product development.
Outlook and guidance
Medium-term target: group revenue above £100m and Adjusted EBITDA margin of ~20% by 2029.
Long-term target: revenue above £250m and Adjusted EBITDA margin of ~50% by 2034.
U.S. business expected to scale faster than U.K. did at a similar stage, with significant milestones anticipated in 2026.
Focus remains on scaling in the U.K. and U.S., leveraging brand, technology, and culture for growth.
US expansion funding model details
UK marketing spend vs. customer age strategy?
Achieving 2029/2034 EBITDA margin targets
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next PensionBee Group earnings date
H2 20259 Apr, 2026
PensionBee Group
Next PensionBee Group earnings date
H2 20259 Apr, 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
PensionBee Group PLC is an online pension provider that specializes in offering direct-to-consumer pension services. The company leverages technology to enable customers to consolidate their pensions into a single plan, invest in a variety of online plans, and make predictions about their retirement savings. Furthermore, PensionBee offers tools for customers to forecast their expected savings by retirement and to withdraw funds from the age of 55. Customers can easily transfer their existing pensions into the PensionBee Personal Pension, make one-off or regular contributions, and utilize a retirement calculator to plan their retirement income based on various assumptions. PensionBee Group PLC is headquartered in London, United Kingdom, and its shares are listed on the London Stock Exchange.
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