GoodRx Holdings, Inc. (GDRX) · Nov 2, 2026 · Restatement

GoodRx restatement lifts revenue but exposes material control weaknesses

Restatement — $29.8M six-month revenue adjustment; one or more material weaknesses expected

GoodRx’s restatement raises reported 2026 revenue and profit, but the accounting error and expected material weaknesses undermine confidence in its fast-growing Pharma Direct business.

GoodRx is trying to shift its growth engine toward Pharma Direct and subscriptions: Pharma Direct revenue reached $151.4 million in 2025, up 41% year over year, and management said the 2026 plan was centered on scaling Pharma Direct and subscriptions. Its second-quarter 2026 release reported $61.6 million of Pharma Direct revenue and raised full-year revenue and adjusted EBITDA guidance.

The core problem is unreliable reporting, not weaker underlying revenue. GoodRx said its Audit and Risk Committee concluded that the March 31 and June 30, 2026 financial statements should no longer be relied upon because Pharma Direct revenue was understated. 〔0〕

Figure	Q1 2026	Q2 2026	Six months 2026
Pharma Direct revenue (Principal effects)	$59.7M	$83.9M	$143.6M
Restatement adjustment (Principal effects)	$7.5M	$22.3M	$29.8M
Total revenue (Principal effects)	$201.5M	$222.7M	$424.2M
Operating income (Principal effects)	$19.3M	$38.5M	$57.8M
Net income (Principal effects)	$5.0M	$19.6M	$24.6M

The adjustment makes the growth story look better retrospectively, but that is not the main takeaway. Six-month Pharma Direct revenue rises from $113.9 million as reported to $143.6 million as restated, while total revenue increases by $29.8 million. The filing indicates this is revenue that should have been recognized in the correct periods under ASC 606, so the disclosed issue appears to be timing and recognition rather than a stated cash shortfall or reversal of customer demand. However, the amounts remain preliminary and could change.

The control failure is the material new damage. GoodRx currently expects to report one or more material weaknesses in internal control over financial reporting for both affected periods. 〔1〕 That directly complicates the company's effort to establish Pharma Direct as a larger, more important growth platform: investors now have to discount the reliability of the recent operating data until the review and amended filings are complete.

This is worse than a routine accounting cleanup because two already-issued quarters are being withdrawn. There is no meaningful earnings-consensus benchmark for a restatement, but against the standing expectation of improving execution in Pharma Direct, the filing adds a substantial governance and reporting overhang even as it raises historical revenue and profit.

Bottom line: GoodRx’s business results for the first half were understated, but the company’s reporting process failed badly enough to invalidate two quarters and likely produce material control weaknesses. The accounting correction helps the operating narrative; the restatement is still a significant setback to credibility and execution confidence.

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Amended Forms 10-Q for March and June 2026

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

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GoodRx restatement lifts revenue but exposes material control weaknesses

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