The record starts accreting with the next priced report.
2-quarter memory
Revenue flow
Q2 FY2026 as filed · change vs Q1 FY2026
OWL kept 8.06% of Q2 FY2026 revenue as profit. Revenue −0.10% on Q1 FY2026, +7.10% on Q2 FY2025.
Revenue
$753M▼ −0.10% q/q
Gross profit
$394M▲ +4.16% q/q
52.27% margin
Cost of revenue
$359M▼ −4.38% q/q
Operating income
$116M▲ +6.32% q/q
15.46% margin
Operating expenses
$277M▲ +3.27% q/q
SG&A $192M
Other operating $85M
Pre-tax income
$71M▼ −25.97% q/q
Net income
$61M▼ −23.78% q/q
8.06% margin
Tax
$10M▼ −36.69% q/q
Other expense
$45M
Revenue$753M
Gross profit$394M52.27%
Operating income$116M15.46%
Pre-tax income$71M
Net income$61M8.06%
Cost of revenue
$359M · 47.73%
Operating expenses
$277M · 36.81%
Tax
$10M · 1.37%
Other expense leaves
$45M · 6.04%
Standardized lines from OWL’s own filing for the quarter ended Jun 30 '26. Ribbon thickness is the dollar amount.
Positioning
8 expiries · as of the Sep 16 close
Contracts already committed, not just traded today. Puts against calls, sized by expiry.
105,820
▲ 1%
Sep 18
2d
▲ 1%
27,913
242
▲ 5%
Sep 25
9d
▲ 2%
1,038
11
first
Oct 2
16d
▲ 167%
8
35,025
▲ 1%
Oct 16
30d
▲ 1%
42,963
70,665
▲ 1%
Nov 20
65d
▲ 3%
17,508
Show later expiries· 3›
4,197
▲ 5%
Dec 18
93d
▲ 21%
14,982
121,706
▼ 0%
Jan 15
121d
▲ 0%
64,369
15,059
▲ 1%
putscalls
Feb 19
156d
▲ 1%
11,808
Intraday
▼ −1.15% since 4 AM
10.184 AM11 AM2 PM7 PMprepost
10.210.310.310.4010.28
High/low 10.41 at 9:15 am ET, 10.18 at 3:15 pm ET.
Event sensitivity
release-day history · not a forecast
PPIproducer prices1.7×up 5 of 9±3.1% vs ±1.9% · 9
NFPjobs report1.5×up 4 of 9±2.7% vs ±1.9% · 9
GDPgross domestic product1.1×up 9 of 18±2.0% vs ±1.9% · 18
PCEpersonal income & outlays1.1×up 10 of 18±2.0% vs ±1.9% · 18
CPIconsumer prices1.0×up 2 of 9±1.9% vs ±1.9% · 9
FOMCrate decision0.8×up 11 of 24±1.5% vs ±1.9% · 24
CPROFcorporate profits0.5×up 5 of 11±0.9% vs ±1.9% · 11
How OWL has moved on past release days against its ordinary ±1.9% day, and how often it closed up. Measured from our own stored closes. History, not a forecast; kinds with fewer than six past releases are omitted rather than shown thin.