Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. This is a new c…| Speedwell Research
Tech's Tariff Exemption, Duolingo Soars & Snapchat Slips, Crypto in 401(k)s, Fed Shake-up| www.speedwellmemos.com
8x Earnings, Regions Run like Constellation Software's Business Units, Record Home Closings| www.speedwellmemos.com
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. This is a new c…| Speedwell Research
(Speedwell Members please click here for the full post or here for the PDF). 2Q25 Earnings Update. Meta reported a very strong 2Q25 and the stock popped +10% after hours. Revenue reaccelerated +22%…| Speedwell Research
(Speedwell Members can access a full version of this post here and a PDF here) 2Q25 Update. Looking at this quarter’s growth of +3.1% y/y versus last quarter’s +3.9% y/y, it may not seem like much …| Speedwell Research
Releasing Free Our First Exploratory Report| www.speedwellmemos.com
The Synopsis podcast released an in-depth company episode on Airbnb ($ABNB)| www.speedwellmemos.com
Research Report on a Fire Safety Solutions and Specialty Chemical Company| www.speedwellmemos.com
Speedwell Research: Business Philosophy Series| www.speedwellmemos.com
Speedwell Research: Business Philosophy Series| www.speedwellmemos.com
1Q25 Summary. 1Q25 revenues grew +13% y/y to $2.7bn for the quarter. This is a slowdown from last quarter’s growth of +17% y/y. In total, LTM revenue now stands at $10.4bn. The slowdown in re…| Speedwell Research
In case you missed it, we are rolling out a new post format. Most companies do not have much change quarter to quarter and so rather than make each update 2-3k words, as we have in the past, we wil…| Speedwell Research
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. This is a new c…| Speedwell Research
We are rolling out a new post format. Most companies do not have much change quarter to quarter and so rather than make each update 2-3k words, as we have in the past, we will publish shorter updat…| Speedwell Research
(Speedwell Members click here for a members version of this post here or download a PDF of it here) 1Q25 Financials. Net revenues were +11% or +21% y/y on a FX-neutral basis. Gross profit margins i…| Speedwell Research
Strong Core Growth and Gaining Traction in Taiwan| www.speedwellmemos.com
Core Business Strong Enough to Launch Their Next Chapter| www.speedwellmemos.com
Everyone says the house always wins. But that’s because they haven’t encountered the world of online gambling. While in theory players choose to play at a specific online casino, just …| Speedwell Research
We are rolling out a new post format. Most companies do not have much change quarter to quarter and so rather than make each update 2-3k words, as we have in the past, we will publish shorter updat…| Speedwell Research
We are rolling out a new post format. Most companies do not have much change quarter to quarter and so rather than make each update 2-3k words, as we have in the past, we will publish shorter updat…| Speedwell Research
(Speedwell Members click here for a paid version of this post. You can also access a PDF of this post here). 1Q25 Business Update. Revenues grew +6% y/y (+8% ex-FX) in 1Q25. However, they noted tha…| Speedwell Research
(Speedwell Members please click here for a members version of this post or here for a full PDF) Business Update and Commentary. Meta reported 1Q25 and the stock rose +6% the trading day after. All …| Speedwell Research
(Members can download a PDF of this post here) 1Q25 Business Update. CoStar reported 1Q25 and their stock dropped -10% the following day. What drove the large stock movement is a bit perplexing as …| Speedwell Research
From Starving Artists to Multi-Billionaires Pioneering a New Industry| www.speedwellmemos.com
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. Members …| Speedwell Research
(Speedwell Members can find a subscriber version of this post here.) 4Q24 Business Commentary. Coupang reported 4Q24, closing another year of strong growth and further entrenching their dominance a…| Speedwell Research
(Speedwell Members can download a PDF of this update here. Click twice if you aren’t logged in). Business Commentary. Dream Finders Homes reported 4Q24, closing another strong year. Whereas many wo…| Speedwell Research
(If you are a Speedwell Member, click here to get the full version of this post) 2Q25 (Calendar 4Q24) Business Commentary. Copart reported another strong quarter, showing progress on their internat…| Speedwell Research
4Q Business Commentary. Floor & Decor reported 4Q24 earnings and after an extreme after-hours move (+13%) it closed the following day +2%. Overall 4Q revenues grew +5.7% y/y and they opened 10 …| Speedwell Research
(If you are a Speedwell Member, click here to get the full version of this post) 4Q24 Update. PRM reported 4Q24 and the stock dropped 15% over the next couple days. While it is always hard to under…| Speedwell Research
4Q24 Update. CoStar Group grew +10% y/y, down slightly from last quarter’s growth rate of +11% y/y. This marks their 55th consecutive quarter of double digit revenue growth. This quarter was genera…| Speedwell Research
4Q24 Update. (Speedwell member, please click here for a members version of this post.) Airbnb reported 4Q24 and the stock was up +15%. If you recall, over the past couple of quarters Brian Chesky a…| Speedwell Research
Sell-off brings Valuation to 10x Earnings, First Acquistion Since Going Public, Following the Transdigm Model| www.speedwellmemos.com
The World's Greatest Plate Spinner| www.speedwellmemos.com
Growth Inflection Brings Confidence, but are Ambitions Stretching Too Far?| www.speedwellmemos.com
Competing vs. Creating. Not all problems have solutions. Preferences meet Pitons.| www.speedwellmemos.com
Intro. “When people compete, somebody loses. So go where you’re the only one. Do what only you can do. Run a race with yourself.” – Peter Thiel If you were taking a test and didn’t know the a…| Speedwell Research
Before we get to the update, we have a very exciting announcement! Evolution’s Todd Haushalter will be on The Synopsis Podcast! We are very excited to announce that Todd Haushalter will be fe…| Speedwell Research
Comprehensive research on great public companies. Click to read Speedwell Memos, by Speedwell Research, a Substack publication with thousands of subscribers.| www.speedwellmemos.com
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. This is a new c…| Speedwell Research
Flooring, Digital Ads, and Unwanted Handmade Goods. Plus an Update on Speedwell.| www.speedwellmemos.com
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. We will …| Speedwell Research
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here.  …| Speedwell Research
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. There is…| Speedwell Research
Inflections, Cyber-Attacks, RNG Surprises and Georgia Strike Impact| www.speedwellmemos.com
The Difference Between Learning and Proving| www.speedwellmemos.com
How to use a Reverse DCF| www.speedwellmemos.com
Best business in the world? How about a provider of a service that absent of which the business stops functioning entirely and only charges a small fraction of the overall cost base for it? Add in …| Speedwell Research
Five Pernicious Influences to Price Targets| www.speedwellmemos.com
The Number of Investments in a Portfolio is Dictated by the Probability of Returns| www.speedwellmemos.com
Speedwell Research: Business Philosophy Series| www.speedwellmemos.com
Retail Industry Issues, Estimating Demand, and Two Better Models| www.speedwellmemos.com
It wasn’t born with 7-hour delivery, box-less returns, or 21 million active customers in a country of 22mn households. It started with impulsion, countdown clocks, and one of the most copied busine…| Speedwell Research
A case study on how to utilize financial disclosures to better understand a business| www.speedwellmemos.com
Junkyards, wrecked cars, a duopoly, 30% operating margins, and two self-made billionaires: this is the story of Copart. From a single salvage yard in California to a global facilitator of over 3mn …| Speedwell Research
From a money-losing retail mall concept that sold gimmicky mayonnaise spreaders, garden gnomes, and nostalgic snack foods to elaborate six-floor luxury furniture showrooms with some of the highest …| Speedwell Research
For our latest research report, we chose to cover Floor & Decor (FND, ~$8bn market cap). If you take Costco and mix it with Sherwin Williams and focus on just the hard surface flooring market, …| Speedwell Research
One of the world’s most influential tech companies, and just one of a handful businesses to ever reach a trillion-dollar valuation, Meta’s family of apps have achieved ubiquity on an unprecedented …| Speedwell Research
