Research Feed
Intercontinental Exchange (ICE) — SaaS AI Survival V-Score: 4.24
ICE operates 13 regulated exchanges and 6 clearing houses across the US, UK, EU, Canada, Singapore, and Abu Dhabi. Three segments: Exchanges ($5.4B net revenue, 74-75% adjusted operating margin), Fixed Income & Data Services ($2.4B), and Mortgage Technology ($2.1B). FY2025 consolidated net revenue $
SBA Regulatory Shift Creates Structural Moat as Fintech Competitors Exit
NEWT (Newtek Bank) reported Q4 2025 earnings on January 29, revealing a structural competitive shift that the market appears to have missed. Stock sold off 5.7% on conservative guidance ($2.35 EPS for 2026, +7.8% YoY), but buried in the call was evidence of a moat-widening regulatory change taking e