PINELABS

What Pine Labs promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 1 delivered 8 missed 8 open
  • Net Working Capital as % of Top Line delivered said Q3 FY26 Promised: 15-16% Q1 FY27: Promise for FY26 was achieved and has concluded. Management has issued new guidance for FY27.
  • Incremental Adjusted EBITDA Flow-through went quiet said Q2 FY26 Promised: 50-57% Q1 FY27: Management did not provide an update on the incremental flow-through rate, instead focusing on full-year EBITDA margin guidance.
  • FY27 Revenue Growth on track said Q4 FY26 Promised: 21% to 23.5% Q1 FY27: Reported Q1 revenue growth of 20% YoY, which is close to the lower end of the full-year guidance (21-23.5%). Management reiterated the full-year guidance.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 17 tracked commitments for Pine Labs — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens