Northwire Canada EditionSunday, July 12, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Earnings Material −

Senvest Capital Inc. Reports Results for the First Quarter Ended March 31, 2026

Senvest’s surprise Q1 loss shatters profit streak; deep dive needed before any buy

By The Northwire Desk — AI Analysis May 15, 2026 · 16:01 SEC · 370.0 SENVEST CAPITAL INC.
Executive Summary
  • Most recent (2026‑05‑15): Senvest reported a net loss of $48.8 million ($20.13 loss per share) for Q1 2026. That is a sharp reversal from recent quarterly profits.
  • Context from earlier releases:
  • Q3 2025 net income was $172.8 million ($70.98 EPS) – roughly flat Y/Y.
  • Full‑year 2025 net income dropped 42% to $149.3 million ($61.40 EPS).
  • In early 2026, control of the company shifted via a testamentary trust (Edna Gareh Spousal Trust) following the death of Victor Mashaal; the trust now indirectly controls 48.3% of shares through Revroy Enterprises.
  • A 2026‑04‑13 news item about Sagicor’s credit‑rating upgrade is not directly about Senvest and appears unrelated based on all other news. No mention of any Senvest stake in Sagicor.
Material Impact

The latest Q1 2026 loss is genuinely new and unexpected.
- The prior quarterly results (Q3 2025) and even the full‑year 2025, while declining, were solidly profitable.
- A swing from $70+ EPS in Q3 2025 to a $20+ loss in Q1 2026 indicates a significant deterioration in the investment performance or trading book.
- The reduction in loss versus the disastrous Q1 2025 ($332 mn loss) does not soften the blow; Q1 2025 was an anomaly, and the market had recovered by mid‑2025. This Q1 2026 loss means the company is again losing money, eroding book value.
- The market was pricing the stock near $370, implying expectations of continued profitability. This loss will likely be taken as a large negative surprise and could trigger a repricing.

Why not “Game Changer”? The news is negative but does not fundamentally alter the company’s existence or market‑cap scale; it is a material earnings miss. No new strategic investment or takeover was announced.

SEC · Price
Company Overview
  • Senvest Capital Inc. is a publicly traded holding company. Based on the results, it appears to be an investment manager/trading firm – earnings fluctuate widely (e.g., large loss in Q1 2025, then profitable until now).
  • No detailed “flagship project” can be identified from the provided news; the company’s main asset is likely its investment portfolio.
  • The company is incorporated in Canada, files on SEDAR, and has a small public float (48.3% controlled by one entity).
Read the original news release →

More from SENVEST CAPITAL INC.

May 15, 2026 · 18:59

Senvest Capital Q1 Loss Narrows But Profitability Trend Reverses Amid Ownership Shift

Earnings Apr 13, 2026 · 18:32

Sagicor receives BBB credit rating from DBRS

Other Mar 31, 2026 · 16:02

Senvest Capital Earnings Plunge 42% as Q4 Drag and Founder’s Passing Cloud Outlook

Earnings Jan 09, 2026 · 16:01

Early Warning Filing by The Edna Gareh Spousal Trust

Other Dec 27, 2025 · 04:40

Senvest CEO Victor Mashaal dies

Other Nov 07, 2025 · 18:36

Senvest Capital earns $172.8-million in Q3

Earnings