Topicus EPS actually rose 181% last quarter

u/Lots-of-Value · Reddit — r/ValueInvesting · February 10, 2026 at 03:31 · ⬆ 10 pts · 💬 4 comments  | View on Reddit ↗
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Author argues Topicus's headline EPS loss was a non-cash accounting revaluation from switching Asseco to equity method, masking a 181% underlying EPS increase, and expects a good upcoming quarter.

TOI.V — LONG Author argues Topicus's reported EPS loss of (.94) was caused by a non-cash $221.74 million revaluation charge from switching its Asseco stake to the equity method, not by operational weakness. Backing out that charge, the author says Topicus actually earned .78 per share, a 181% year-over-year increase. The catalyst is the earnings report due the next day after the close, which the author expects to be strong. Main stated risk is that the market misreads the headline EPS number as a bad quarter.

If you back out the accounting charge, they actually made .78 cents per share last quarter, a 181% increase over the prior year.

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Accounting charge masks 181% EPS growth
Author argues Topicus's reported EPS loss of (.94) was caused by a non-cash $221.74 million revaluation charge from switching its Asseco stake to the equity method, not by operational weakness. Backing out that charge, the author says Topicus actually earned .78 per share, a 181% year-over-year increase. The catalyst is the earnings report due the next day after the close, which the author expects to be strong. Main stated risk is that the market misreads the headline EPS number as a bad quarter.
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